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RE: Cryptocurrency Price Predictions - Correction Incoming!
Another potential scenario for the BTC price is that it goes up because of the limited supply available on the exchanges. As August 1st approaches people will be removing their coins from exchanges for fear of losing them. This limited supply may cuase the price to spike. We've seen similar scenario's before.
It will be interesting to see.
That is a very good point. Didn't think about that scenario yet. However, it also makes me wonder how many noobs know they will lose a btc coin if they leave it on the exchange.
We've seen the inverse happen when fiat withdraws were temporarily halted at some exchanges causing the price of BTC to go up and decouple from other exchanges.