I definitely get it that people like Binance's move in this specific case, but it comes after a long period of time where they had all the freedom to ask any fee they thought was fair to have ICO tokens listed.

Binance is somewhat forced to do this with how the bear market has left such a large hole in the pockets of many startups and vague projects, that they aren't able to pay a fee at all.

Binance is a business and for that reason will list any coin (even for free) if they think it will be able to generate enough volume to profit from. RavenCoin fits in that category. It generated over 1000BTC in 24H volume. Not bad.

Cobinhood is more likely to collapse one day than to even account for 10% of Binance's volumes. It's ridiculous that you even compare Binance with an utter crap exchange that hasn't done much to gain people's trust.

These exchanges usually heavily inflate their volumes to artificially keep them above a certain $$$ range. If they don't do that, it might very well be that their daily volumes sink deep below $1 million, and that will cost them users.

I won't call it a scam exchange since they don't (yet?) seem to have a tarnished reputation like Yobit, but I wouldn't ever recommend others to use that exchange either.

It's something we'll be seeing a whole lot more with how people don't understand the basic principles of why Bitcoin even exists. Mainstream adoption is praised by many, but it's working against decentralization.

If you ask them what Bitcoin is, they'll tell you it's a currency for payments. If you then ask them what benefits there are to it, they don't know what there is to answer. They only care about their gains, everything else is not of importance.

BitConnect is the perfect example of that. It shocked me how after that platform went down videos popped up from people telling how they invested their life savings and lost it all a couple of months later.

It's their fault for sure. It was a desperate attempt to obtain a better life, and they failed miserably.

I can't blame Bitcoiners for not liking the way he presents himself, especially with how closely tied to Roger Ver he is. The way they listed Bcash and the pump that followed was as scummy as it can get.

It took Coinbase so much time and effort to finally obtain regulatory approval, that I would expect them to stick with it for a longer while, especially with how as you mentioned the bear market is too much of an obstacle.

Every business suffers in the same way from bear markets, even Bitmain does with how there is probably +75% less demand for mining gear. All it takes to ignite demand is the price to bounce up.

I don't think it's going to be that groundbreaking. Most people are used to how Binance works right now. It's extremely responsive, trades settle instantly, and spreads are extremely tight.

Another benefit is that they don't seem to care about KYC and all that nonsense. In other words, even if Binance's DEX will work better than all the other ones out there, people will still use Binance's main exchange.

I can't even blame people for that with how little of them actually care about decentralization. Most people just want to trade without headache and Binance allows them to do exactly that.

DEXs will only gain traction when the centralized ecosystem has become entirely infected with the KYC virus. In other words, only when there is no other viable option left people will go for DEXs.

If so, wouldn't it make more sense to show goodwill by first implementing the KYC change and then try to talk their way into another jurisdiction? Makes more sense to me if I'm completely honest.

Could be, but that applies to any start-up or established crypto business. They are so cheap and profitable that it's almost free for financial institutions or other parties to take over business after business.

Bitmain is already doing it, but yet no one really pays attention to that while it's exactly the same. Not sure what's worse, financial institutions taking over business after business or Bitmain with its money.

There is no point in asking here. Tether could collapse today or somewhere in 2020 or could just as easily remain operational for ever. Holding stablecoins is always an issue, regardless of who the issuer is.

Bitcoin is even turned into a stablecoin meme on social media with how strong the base support has been. If you want to be safe, just hold Bitcoin and you'll be fine. I would never recommend anyone to hold stablecoins.

People not willing to see the price go down further are heavily invested and have nothing left to buy with. They went all in at the wrong time and that's burning them badly during current bear market.

That's why you should always dollar cost average your fiat entry points over a longer period of time. Going all in is such a rookie mistake. It makes you heavily depend on one single market direction.

Rookies came here to get rich, but all they got is a bear market making them poorer. Positive aspect of this is that most of them will learn from it and maybe even use it in their advantage during the next bull run.

It's not. Just a cheap wannabe.

Can we really be sure that people's personal information is safe with the exchanges we verify ourselves at? I'm not convinced of that at all, especially with how we don't know where and how they exactly store our information.

We also don't know if they share our information with the authorities. I strongly believe that people might be hearing from their tax department at some point in the future with how they believe crypto is either tax free or anonymous.

Even if crypto was actually anonymous, your trading activity on centralized exchanges isn't, and based on that they can and will hold you responsible for not declaring gains and holdings.

People don't know what they are talking about when they want Bitcoin to replace fiat. The best possible outcome for everyone here is to have as many competing currencies as possible. What else can we really wish for?

If one implodes, we can hop over to the next one. If that one implodes as well, there is another one. The more currencies we can use as hedge the more overall strength the financial system will have.

Bitcoin complements the current financial system as yet another alternative, but one not directly tied to a government. Sounds like a great safe haven asset to me, just like gold is right now when things go bad.

You can't be more wrong on that. We firstly don't know if Satoshi thinks we're heading towards his preferred direction. Secondly, when he signs from the genesis block, the market will tank so hard that you wish he never showed up.

To some degree there is still the thought of people that Bitcoin may be a get rich scheme, where Satoshi's presence will only confirm their doubts. Everyone blindly assumes he holds around 1 million BTC.

If enough people believe that, you can imagine how severe the reaction of the market will be. The Core developers know better than anyone what's needed to turn Bitcoin into a success, and we're working towards that right now already.

Yobit doesn't care at people's noise at all. The only thing you can do is hope that Yobit operators are in a good mood to help you solve your problem. If that's not the case, you're not going to see your situation improve.

Most shitcoin exchanges block accounts hoping that users will stop trying to gain back access. If even a small percentage of the users ditch their account, the exchange gets whatever the amount of funds in your account is.

I really hope this doesn't apply to you though.

Easier said than done for these people. They use Yobit for a specific reason, which in most cases is to trade a coin that other exchanges haven't listed, or to bet through the crooked features that exchange offers.

I wouldn't necessarily say that.

His bitcoin dot com wallet has over 1 million downloads in the Google Play Store. If even 10% of these downloads come from ignorant users not knowing what's going on, that's already an important gain for him.

Imagine how many average joes will install that wallet during the next bull run resulting in more mainstream adoption. These people don't know how bad of a character Roger Ver is.

He may be out to bank on the next boom by having an exchange built in his app, which admittedly could work out well. Time will tell if these are raw ideas or actual plans he's going to put all his time and effort in.

It reminds me of how "pumpers" work. They first announce that they'll be pumping XXX coin, slightly bump the price to attract noob buyers, and then the noob buyers are the ones that end up pumping the price.

The "pumpers" gladly use that opportunity to dump their stash on these noobs. Yobit doesn't operate based on moral standards, they'll dump on you faster than you can blink with your eye.

By the time you realize that you are holding the bag, Yobit has triggered like 10 pumps and dumps already. It shows how they don't give one single shizzle about anything other than their profits. They squeeze every penny out of you.

It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

Another thing, which mainly applies to Bitcoin, is that it tends to correct significantly at the start of each new year. That was again a signal that people should have cashed out their profits.

Don't know how relevant tax sales really are when it comes to the crypto market in general, but that's potentially another aspect to focus on. It's sell signal on top of another signal on top of another signal.

It's not possible to time trades, neither is it possible to find out which coins will be the ones that make a significant upwards movement. It all comes down to calculated guesses and a good bit of hope on top of it.

By the time you see a coin that has gone up like 50-100%, you have to know that you're too late to join. People act like they can book easy profits here, but it's all big talk in reality. Easy profits do not exist, not even in crypto.

People need to accept that some times it's better to patiently wait for the market to start moving forward. It's pointless and even damaging for you to keep forcing yourself to trade no matter what. Don't do that.

I have seen more Bitcoiners say that throughout the years, and each time they have been proven wrong. In current environment it makes no longer any sense to think that altcoins will go away or deflate entirely.

We might not like what altcoins are doing, but there is enough space for other networks to function alongside Bitcoin. They need to figure out how to turn speculation into actual use.

Once the use starts to take over, some of the altcoins will no longer be the crap we right now think they are. In the same way, Bitcoin hasn't really gained much use throughout the last years. It's 95% speculation 5% use.

Back in the very early days it was the exact opposite. 95% usage 5% speculation. It was an actual currency.

That's what I think as well. Governments only have to tokenize fiat, which will grant them more control over their financial system than ever before. It's a plus in terms of convenience, but fiat will become even more centralized.

Technically speaking I am dealing with digital fiat already with how I barely touch the actual asset in physical form. I use my debit cards or my banking app to settle transactions on a daily basis.

People in Asian countries in the same way aren't dealing much with actual fiat anymore, it's mobile payment apps that dominate the market, and these will continue to take over with how convenient and fast it is.

People themselves won't notice much of a difference between transacting with digital fiat or tokenized fiat, their apps will make sure of that. The only thing they need to do is unlock their wallet so they can send and receive money.

It wouldn't even surprise me when they totally exclude coins they deem as a competitor to their own Bcash. Ver already said a while ago that support for Bitcoin Core (his words) will drop eventually from his wallet app.

I think the coins he considers to be a threat are:

Bitcoin. (obvious)
Litecoin. (obvious)
XRP. (obvious)
Ethereum. (Bcash focuses on ICOs and STOs as well)

BitPay is a clear example of how fear for competition made them not accept one single altcoin, and there is no indication that it will ever happen. Ver's toxic influence makes BitPay lose out on millions of extra revenue.

I can name up more reasons why an ETF will yet again be rejected. I seriously hoped that we would leave this nonsense behind, but some find it necessary to keep believing in something that doesn't stand a chance to be approved.

It would be a good thing for the SEC to reject all proposals at once and clearly state that it is a waste of time to keep trying. That's the most we can ask for with how they won't ever prevent any entity from trying to do it anyway.

What's probably happening in the background is that the SEC might not even look one second at the comments that came in recently. They already know that it isn't going to happen. It's basically how regulators always work.

The only thing they do is make it look like they are trying to make things happen.