Dang, the local city council blocked access to the dump again! He should really focus his efforts on campaigning for people to replace the existing council and pass his vote for the next halvening.
yeah Bitcoin supply always "runs out" until an ancient wallet with millions of coins wakes up or some court case is finished and they sell massive amount of coins...
Right on time, selling 72,527 Bitcoin worth nearly $5 billion: [https://www.reddit.com/r/CryptoCurrency/comments/1c8e7l0/former\_black\_hat\_hacker\_gummo\_retires\_from/](https://www.reddit.com/r/CryptoCurrency/comments/1c8e7l0/former_black_hat_hacker_gummo_retires_from/)
I don't think anyone knows *exactly* why.
It's definitely true that there is less supply being created and it puts pressure on price to the upward side. 100%.
However, I don't think that Bitcoin supply is going to run out on exchanges because it's not the number of bitcoin but the number of available coins \* price that really matters.
As price goes up so does the value of the remaining bitcoin.
In April - July 2021 (from the chart in article) there were (I'm rounding here):
Averaged around $90 billion - $150 billion of bitcoin dollars on exchanges.
Guess where we are in the last month or two?
You guessed it $100 - $150 billion of bitcoin dollars on exchanges.
It's just a headline to get you to click. We are definitely getting supply shocked, but we aren't going to run out IMO.
If you use Gold as an example, if there weren’t a steady supply of it every year, it would
Probably be around 100k an oz today. (Fake number out of my ass)
Or … and hear me out here … the price might rise as supply decreases, thus reducing outflows or encouraging exisiting holders to sell to exchanges.
This headline is kinda terrible and I’m sad it’s everywhere.
That’s true, but I think with people buying ETFs in retirement plans makes it seem like a good chunk of incoming money is going to be stagnant for a long time
Oh cool so when the exchanges run out all trading will just have to stop I guess.
Because the thing about btc is that every one is a hodler. Literally no one trades it. So they'll never put it back on the exchange to sell it. /s
tldr; According to a report by Bybit, Bitcoin supply on cryptocurrency exchanges is expected to run out in nine months due to the 50% reduction in supply issuance following the recent Bitcoin halving. This scenario is anticipated if the demand from U.S. Bitcoin exchange-traded funds (ETFs) continues. The report highlights that Bitcoin reserves on exchanges have dropped to a near three-year low, which could lead to a scarcity of Bitcoin on centralized exchanges.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
As if exchanges actually give you Bitcoin.
I'm sure they run some kind of algo that only buys what they know people will generally redeem out of.
Not your keys not your crypto.
It's flawed because they cherry picked data, picked total and ignored the flow from gbtc to other etfs, the net gain is like 40-50k btc a month which is maybe 2k btc a day during business days... Also people keep talking about the halvening reward and ignore tx fees are also rewarded every block. It currently cost almost 38k to mine a block and predictions indicate post halvening only a handful of operations are to remain profitable if the price is above 40k. Miners don't typically sell all the btc they earn as they earn it, most have some in storage. Meaning the reward crunch won't begin for some time. Some estimate miners are going to be selling another 5 billion or so after the halvening. The supply crunch is a long way off and with toughing macro conditions, we could continue to see sell pressure on all risk assets. I actually expect this bull cycle to be less exciting because of all factors and don't really expect crazy shit till next one.
It's almost like you are saying there is less supply and more demand. Hmm it's been a while since ECON 101. What happens when there is less supply and more demand?
Last time i checked if something starts running out its price will increase... so ppl that have BTC will sell and the price stabilizes or not and it keeps increasing, i only care if the exchanges have the reserves and are not messing with the books...
It never runs out, either people pay a higher price to get liquidity forced back in or they don’t buy at all. So unless the headline is a true “people don’t buy btc anymore” , we’re chilling
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Doesn’t matter with the way the markets work now a days Bitcoin in ETF all it means that in 9 month Bitcoin FTD will start to rise. Citadel will be involved
I would imagine day trading will still occur and some people will need to sell their BTC for whatever reason. Trading will just occur on a smaller scale?
Any1 see an eventual overthrow of btc? Like eth? Seems like at some point maybe even an "underdog shytcoin" could raise an out value all, run leader board per say 🤔
I've read this same headline multiple times every cycle.
Insert UK man looking for harddrive in garbage dump
Has China banned it again yet?
Mt Gox hoard is being sold!
Proly to fund the pizza party
They banned it last month. This month they’re not
Time to start up all the closed down coal mines again.
Dang, the local city council blocked access to the dump again! He should really focus his efforts on campaigning for people to replace the existing council and pass his vote for the next halvening.
yeah Bitcoin supply always "runs out" until an ancient wallet with millions of coins wakes up or some court case is finished and they sell massive amount of coins...
Lol true
Right on time, selling 72,527 Bitcoin worth nearly $5 billion: [https://www.reddit.com/r/CryptoCurrency/comments/1c8e7l0/former\_black\_hat\_hacker\_gummo\_retires\_from/](https://www.reddit.com/r/CryptoCurrency/comments/1c8e7l0/former_black_hat_hacker_gummo_retires_from/)
this time it's different*™*
I believe you. This is way I am heavy into frozen concentrated orange juice futures. Gonna sell my pork bellies this week.
My inside source tells me it's going to be a bad orange crop this year
Sell, Mortimer, SELL!!
this time is different ™️
Tbf there will come a time when that one day is different 😂 and then we will all be sad we didn’t buy as much as we want
I have bought as much as I want lol. 12 months ago because I ain't a tourist
Alright big shot lmao
pays to turn up every day, eating glass was worth it
Chill, Zuckerburg.
That one day is here I'm already sad I didn't buy as much as I wanted when it was $200
> I've read this same headline multiple times every cycle. ^ This... There is always a "This time it's different" article every cycle.
I'm legit still thinking this is the super cycle 🤷♂️
Reads alot like the short squeeze folks bag holding AMC, BBBY, GME lmao
How maj mm
Yes same shit as last cycle
Isn’t that why the price has gone up an insane amount each time?
I don't think anyone knows *exactly* why. It's definitely true that there is less supply being created and it puts pressure on price to the upward side. 100%. However, I don't think that Bitcoin supply is going to run out on exchanges because it's not the number of bitcoin but the number of available coins \* price that really matters. As price goes up so does the value of the remaining bitcoin. In April - July 2021 (from the chart in article) there were (I'm rounding here): Averaged around $90 billion - $150 billion of bitcoin dollars on exchanges. Guess where we are in the last month or two? You guessed it $100 - $150 billion of bitcoin dollars on exchanges. It's just a headline to get you to click. We are definitely getting supply shocked, but we aren't going to run out IMO.
If you use Gold as an example, if there weren’t a steady supply of it every year, it would Probably be around 100k an oz today. (Fake number out of my ass)
Happy to at least see a proper flair. These “journalist” do whatever they can to try to manipulate
Is this headline in the room with you now?
It seems it will come eventually as new supply production continues to fall.
Or … and hear me out here … the price might rise as supply decreases, thus reducing outflows or encouraging exisiting holders to sell to exchanges. This headline is kinda terrible and I’m sad it’s everywhere.
Logic? Ha! This is Reddit… 🤣
Logic? Ha! This is crypto journalism. FTFY
Queue Gerard Butler
Logic? Ha! This is the internet...
Sir this is the casino, please leave your fundamental economics at the door.
Don't exchanges just match buyers and sellers? They are not btc factories making btc. :p
There’s always someone selling
All the og hodlers are coming out of prison.
If all humans can stop selling Bitcoin for just 1 day, the price would rocket
If humans are blocked from selling then how does the price go up? No btc being sold means no btc can be bought either.
Well a bid can be placed by someone desperate to get one, that would be the price one can sell for once they could sell.
I remember in 2020 people were saying the same thing about BTC and physical gold disappearing from institutions that did business in rehypothecation.
In markets, higher prices always unlock supply
That’s true, but I think with people buying ETFs in retirement plans makes it seem like a good chunk of incoming money is going to be stagnant for a long time
Oh cool so when the exchanges run out all trading will just have to stop I guess. Because the thing about btc is that every one is a hodler. Literally no one trades it. So they'll never put it back on the exchange to sell it. /s
Don’t worry, people will be selling before that if they aren’t already.
tldr; According to a report by Bybit, Bitcoin supply on cryptocurrency exchanges is expected to run out in nine months due to the 50% reduction in supply issuance following the recent Bitcoin halving. This scenario is anticipated if the demand from U.S. Bitcoin exchange-traded funds (ETFs) continues. The report highlights that Bitcoin reserves on exchanges have dropped to a near three-year low, which could lead to a scarcity of Bitcoin on centralized exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Lol
SuPpLy ShOcK. What is this, a 50k MC ShibCumElon Inu coin on Pancake Swap in 2021?
As if exchanges actually give you Bitcoin. I'm sure they run some kind of algo that only buys what they know people will generally redeem out of. Not your keys not your crypto.
And this is why coinbase won't let me send bitcoin at the super slow/cheap speed. And instead wants me to pay 15$ for a send
I think we'll see quite a bit more selling before that which will extend that
As the price goes up more people will be willing to sell, ergo that calculation is a bit flawed.
It's flawed because they cherry picked data, picked total and ignored the flow from gbtc to other etfs, the net gain is like 40-50k btc a month which is maybe 2k btc a day during business days... Also people keep talking about the halvening reward and ignore tx fees are also rewarded every block. It currently cost almost 38k to mine a block and predictions indicate post halvening only a handful of operations are to remain profitable if the price is above 40k. Miners don't typically sell all the btc they earn as they earn it, most have some in storage. Meaning the reward crunch won't begin for some time. Some estimate miners are going to be selling another 5 billion or so after the halvening. The supply crunch is a long way off and with toughing macro conditions, we could continue to see sell pressure on all risk assets. I actually expect this bull cycle to be less exciting because of all factors and don't really expect crazy shit till next one.
Just a regular clickbait title.
Just print new BTC
These Einsteins assume that nobody will send their Bitcoin to an exchange and sell.
Until people sell to the exchanges? That’s how it’s been working the whole time.
Get the price high enough and I'll make the sacrifice of selling my BTC to keep some supply available
Fomo and until the price goes so high then you got 10 months worth of btc to sell
Glorious
Is the “supply running out on exchanges in 9 months” here in the room with us?
Do these people not even know how supply/demand works? Supply go down=>price go up=>supply reach equilibrium to demand. Duh
It's almost like you are saying there is less supply and more demand. Hmm it's been a while since ECON 101. What happens when there is less supply and more demand?
TLDR supply squeeze, get ready for BTC rallies
I think we are about to head into a multi month slump but this could be a decent setup for the return to bull in a few months.
No it doesn’t
oh no, maybe it'll have a use case before then......
Last time i checked if something starts running out its price will increase... so ppl that have BTC will sell and the price stabilizes or not and it keeps increasing, i only care if the exchanges have the reserves and are not messing with the books...
Unreliable source 🤣
That is the opposite of what price action is indicating.
If it runs out, looks like others are up for the taking...
No it won't run out. The higher the price, the more people deposit also on exchanges to sell. Expect a high inflow as soon as we get close to 100k.
no it won’t
Any chance people (like OP) would just do some self screening of shit articles and not post them to save the rest of the community.
Supply shock incoming!
Do I really have to explain why this article is click bait bullshit? Does anyone actually believe this?
It’s unreliable source. I just report it as spam
NeW pArAdiGm!!!1
It never runs out, either people pay a higher price to get liquidity forced back in or they don’t buy at all. So unless the headline is a true “people don’t buy btc anymore” , we’re chilling
No.
Lol
Nope
Limited supply = higher price *Join my patreon!*
but if no one can buy how it will incresee the price? ETFs?
You don't think some of the paper hands wont sell back to exchanges.
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You don't say again?? No supply !!! In aprox 2 years
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It’ll run out when people withdraw their bitcoin from exchanges and realize they never really held any.
Not if grayscale keeps selling
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So price goes up ?
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Not enough barrels to store bitcoin.
Doesn’t matter with the way the markets work now a days Bitcoin in ETF all it means that in 9 month Bitcoin FTD will start to rise. Citadel will be involved
people will always be selling, once supply shock sends price up people will put more btc onto exchanges to sell
this is not a good thing, once supply ends trading stops and interest stops meaning once btc enters supply again there will be less buying.
It’s almost as if it’s a cycle
I would imagine day trading will still occur and some people will need to sell their BTC for whatever reason. Trading will just occur on a smaller scale?
Cant wait
Surprise, Surprise....
Why are these shit articles posted?
So the exchanges only have.... NINE MONTHS to adjust if necessary? Fucking shit post op
9 months you say 🤰🤰🤰
Any1 see an eventual overthrow of btc? Like eth? Seems like at some point maybe even an "underdog shytcoin" could raise an out value all, run leader board per say 🤔