How To Buy Bitcoin In India 2020 - Recharge In the Indian crypto community, 2020 is being already considered the most important year because of the developments that have happened over the past five months This boom not only brought a number of international cryptocurrency exchanges to India but
Holding well at $8,600 don't forget before this latest rally it dropped 700$ then took off to $9,150. HODL my friends. People are holding more total Bitcoin then exchanges. The fomo is gonna be ridiculous. When it hit $3,200 in early 2019 I ran some conservative numbers. $92,000 is my prediction.
A Record Number of Bitcoin Were Recently Withdrawn From Exchanges
July 8 set a year-to-date record for the number of net Bitcoin (BTC) withdrawn from custodial exchanges. The onslaught was led by Coinbase. A bullish sign? Yesterday, 20,660 more Bitcoin were removed from exchanges than deposited according to data from Glassnode. This represents 2020’s biggest daily outflow of Bitcoin from exchanges — a behavior pattern […]
What if exchanges don't really buy a Bitcoin but maintains the number?
They will say you have 1 Bitcoin in your account but won't really buy a Bitcoin for you. And what if they use this money control the Bitcoin price? Buy too much or sell too much? If you want to sell one and get cash, they will pay the cash and when they cannot pay( when Bitcoin price is too high) then they go bankrupt, still they win. As they would have made enough profit by then. Wouldn't this work for them? After all no one is checking if they really bought a bitcoin.
According to data estimates from #Glassnode, the total number of #bitcoins held in #crypto #exchanges📊 #wallets dropped to an 18-month low of 2.3 million BTC on Monday. The drop ⬇️ marks an 11% year-to-date decrease in the number of #BTC held by exchanges.
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