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Bitcoin Outflow

  • Thread starter Thread starter Suba
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Suba

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Over the past 7 days, massive outflows of Bitcoin from crypto exchanges to private wallets have signaled a bullish signal in the near future, Observers often use the supply of Bitcoin on crypto exchanges
 
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This is good that bitcoin is starting to increase again after this full period of time being in a low value this is good for bitcoin collectors of any kind.
 
I don't really know the effect of moving bitcoin to a private wallet and we don't know what will be the effect on the general cryptocurrency market.
 
Suba said:
Now, it has been proven, that the price of Bitcoin has risen above $44.5k, of course Bitcoin investors will be happy and waiting for the moment to take profit.
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The price of Bitcoin has gone down tremendously now and so many bitcoiners are executing sell offs. This further cause a major decline.
 
Lens said:
The price of Bitcoin has gone down tremendously now and so many bitcoiners are executing sell offs. This further cause a major decline.
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In my own opinion, the global regulatory scrutiny that is impact upon on cryptocurrency is the major cause of the dip in the cryptocurrency market.
 
Flower said:
In my own opinion, the global regulatory scrutiny that is impact upon on cryptocurrency is the major cause of the dip in the cryptocurrency market.
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It seems that cryptocurrency investors are losing confidence in the cryptocurrencies presently because they were regulated. This will make it a government controlled digital currency.
 
Lens said:
It seems that cryptocurrency investors are losing confidence in the cryptocurrencies presently because they were regulated. This will make it a government controlled digital currency.
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Most of the experts have predicted that the regulatory framework that was been put in place by most of the countries would affect the crypto-currency market negatively
 
Flower said:
Most of the experts have predicted that the regulatory framework that was been put in place by most of the countries would affect the crypto-currency market negatively
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It is one of the major contributing factor to the deep in the cryptocurrency market presently, because so many financial investors have lost interest in cryptocurrency that is being controlled by the government
 
Lens said:
It is one of the major contributing factor to the deep in the cryptocurrency market presently, because so many financial investors have lost interest in cryptocurrency that is being controlled by the government
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This is basically the reason why most of the government imposed regulatory scrutiny on cryptocurrency. They want to be in control of the cryptocurrency market.
 
The year is concluding and there are no signs of any improvement. People are speculating that 2023 will be better for crypto market.
 
Lens said:
It seems that cryptocurrency investors are losing confidence in the cryptocurrencies presently because they were regulated. This will make it a government controlled digital currency.
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It is due to their previous bad experience in the crypto world and the bad experiences they have previously having when it is related to investment.
 
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