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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST

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To: TobagoJack who wrote (166431)12/27/2020 7:17:32 PM
From: Follies  Read Replies (2) of 218621
 
Bitcoin down, time to buy the dip?

The blockchain only records Bitcoin transactions from one address to another. To get on the blockchain to begin with you need to get someone that already owns BTC to send some to your address. And that is only 2000 transactions every ten minutes.

But the exchanges are doing a lot more volume. Exchanges are moving BTC around within accounts on the exchange but off the blockchain. When you are trading on the exchange you are trusting the exchange to have the BTC. Yes you can have them put it in your wallet which effectively puts in on the blockchain but I don’t think that is happening very much.

There are competing exchanges but I think that will consolidate into one exchange.

Have I got this right?
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