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RE: BTC - Pay attention to more than just the price

in #bitcoin5 years ago

I think number of BTC wallets holding large amount of coins correlates with number of new exchanges as people don't like using older exchanges because their favorite coin can't be listed on them, so they start new exchanges just for listing those coins... Eventually community of one coin will start using the same exchange and that will exponentially increase number of coins in the exchange wallet... Another factor is the developers of new coins who cash out their altcoins as BTC and keep some of them waiting for future exchange listing fees.

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But I agree with the OP about holders with more than 0.01 and more tan 0.1 BTC in them, means more people is getting the gist of how it works and are saving money individually and that's good imo

I think 2019 was a big year in crypto with so many promising new coins. People are awaiting for BTC to go even higher and that means people are holding some of their coins instead of cashing them all... Eventually those wallets that still have less than 1 BTC will have a lot more...

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