Sad but true that there's no country that has no jurisdiction on KYC in converting $1 million worth of Bitcoins to a fiat. 

Like the others who responded on the thread the only way is to divide the total amount into smaller fractions which will meet the allowable amount that will not require the KYC regulations in your country.  It is nonsense for me if you will migrate to another country that has no jurisdiction on KYC if you find one.  And the government will really do this to have control not only on the tax but also to have an eye over the culprits and be able to trounce money launderers.

It appears to me that, this is negligence on the part of Coinbase and it is horrible that you will be paying such a huge tax that you incurred but not aware of in the first place.  IF I'm in their shoes I will definitely be in a state of shock or became hysterical once I receive the notice asking me to pay $127k.  

On the positive side to those who haven't received this notice like me, that we should start we could come up to a conclusion if Coinbase is still worth trusting since they have caused us a lot of trouble with the IRS but IMO, I should start avoiding Coinbase in any of my crypto activities.

It would be good if you also indicate a graph of your post.

I'd checked on Yahoo finance about the Bitcoin price it seems not only Bitcoin was affected, I think most markets had small corrections and probably one of the reasons is the Black Friday event.  Precious metals too like the Gold price were currently down at 13.60%.

It's true that Bitcoin's price has dropped by 11% within 24 hours at the time that you posted this but that was a small correction and in a week of around 3 to 4%.  But this doesn't mean that Bitcoin might not hit the ATH anymore and the decrease in the price have just caused by the Thanksgiving and Black Friday in the US where people are indeed more into spending rather than investing which makes the Bitcoins and other cryptocurrencies in the market became more available and accessible that leads to downswing in the price.

However, I'm confident that Bitcoin will still be able to reach ATH within the year and I assume it might be in the first quarter of December.

There's no much impact on it since Bitcoin is a decentralized currency and not being controlled by any central banks.  Therefore, the growth or demising of Bitcoins lie on the investors and the ordinary people who will either adopt it or will topple down the Bitcoin.  Though Yellen has been known as a cryptocurrency critic Bitcoin has shown its capability to surpass such criticism as what the other influential people did when Bitcoin is still new and struggles to prove all its benefits and be able to make a turnabout in their perception of it.

Moreover, politics is politics and every politician will do everything to have full control over their citizens especially when it comes to their finances which gives me an idea that somehow Yellen will still have an impact in Bitcoin particularly on their citizens which may cause some changes in the crypto market.

In this article, "Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury" stated that "Yellen as of now seems to have been quiet on crypto since leaving the Fed and going to work for a think tank. Where she stands now remains to be determined".

Full payment has been sent (finally  ), https://www.blockchain.com/btc/tx/5271655101bc6995b170e0755c156d495f04be46ee9ea74252afa178fbb67ef0

Thank you @DarkStar_ for always trusting me at your lending service, until next time.
Once again, Thank you.

Exactly, that's other people didn't touch or use Paypal until they had stable service.

IMO the reality bites, since PayPal as of now isn't charging any transaction fee for all the activities we are doing with our Bitcoin.  To avoid losses on their end then they would really find ways on how to avoid such losses.  AFAIK in PayPal, they really tend to block an account for a certain period of time if the account holder made a transaction that is beyond the average amount that they are transacting on a weekly or monthly basis which may appear to be suspicious to their system.

The sad thing here is that the anonymity of the Bitcoin holders will be at stake since they need to provide detailed information as to where and to whom will the Bitcoin go.

When the pandemic strikes in our country the price of commodities really increased worse some of these products have doubled the price from the original amount prior to the pandemic.  Now that our country has started to reopen the economy slowly people are getting back to work and businesses are opening their doors again but the price remains the same.

There are a lot of factors that affect the price of a certain product it could be the availability of the product itself or the materials used for it, it could also be the demand due to the season or the tax that the government has to impose on it but rest assure this changes will give a huge impact to the economy.

Honestly, if the legislation will be enforced in our country as well I don't have any idea on how to deal with that not to countermeasure it.  Since anonymity and personal information will be at stake in this plan I should be keen on this regulation and how other Bitcoin holders will respond and react to this.

I tend to agree, it could be the immediate response that will countermeasure this and on my end, I might also do the same thing in the meantime when the US government starts to implement their plan to retain my anonymity and secure my finances.

On the other thread, @stompix said, there's no plan of lockdown in the United States.

In an instant, the government would think that the possible solution for the economic recession they have gone through is to raise the tax in order for them to gain back the amount they lose during the economic downturn due to lockdown.  Hyperinflation IMO will not happen just because of the increase in taxes instead it will only veer off the community on their usual spending and may avert into a wiser attitude towards their assets and spending.  Increasing taxes on basic commodities could be painful to the citizens.

I tend to agree with @davis196 posted above, that there is another way to resolve the issue like higher interest rates for it can also generate income for the banks and to the government in the long run.

IMO, IF Biden will really implement his plan of another 4 to 6 weeks lockdown by the time he takes over the presidency in January then it will not give a boost to the GDP in the first quarter of 2021 for the US economy.  A similar scenario will happen as it was first implemented by Trump back in March where the economic recession has pulled down GDP by 32.9% which may not be far if Biden will push the lockdown on the first quarter of next year.

This can only be speculation and only IF Biden will push his plan, but on the other hand, I really hope that another recession will not happen again that would impact the global economy.

I tend to agree with both of you.

Definitely those countries will not choose stablecoin over Bitcoin or other volatile cryptocurrencies since they are already aware of the decreasing purchasing power of their own fiat or with USD which is associated with the value of stablecoin.  If the value of fiat currency will continue to decrease because of inflation then there will be no reason for them to go with the stablecoin which will also experience a decrease in value for the same reason as to what could possibly happen to fiat.

Moreover, through Bitcoin's volatility which can provide possible gains, these countries see that they can cope up with the inflation or decrease in the value of fiat and could possibly salvage them from the slumping economy.

That's good.

In fact, OP's thread is vague in fact, it gives me two different ideas of what he/she is trying to ask.  First, same as with the others that using MasterCard or visa to make a payment then I must say that Bitcoin can do it faster than the others because in a matter of minutes the amount of bitcoin will be transferred to the recipient's wallet it's just that, the confirmation is a bit slow unlike with MasterCard or visa the confirmation is quicker but transferring of the specific amount would still take longer.

The other idea that makes me confused is the phrase "pay my visa/MasterCard instantly" because it denotes to me that he is not making a payment for something instead he/she refers to his/her credit card that he needs to pay for his debt since he has used it previously, only if I got it correct but if so, then there is nothing to discuss with Bitcoin since it is an asset owned in real-time and not as a debt that when used it should be paid in a later date.

This is considered plagiarism, just please include the source link where did you come from this idea.  

I like the topic to discuss and here is my opinion.

Exactly, it will really reach a higher price than what we have experienced back then for the demand is continuously increasing.  Though we have the law of supply and demand it both contributes to the volatility in the price of Bitcoin which we barely knew that this has a limited supply and when Bitcoin was mined then the supply will not pass muster the demand and that will be the cause for the price to surge in the market and since mass adoption has started then obviously the demand nowadays are rising which makes the Bitcoins become more expensive.  This how the Bitcoin shortage benefits crypto investors.

In terms of accessibility, it can really be bought by fractions however, like what I mentioned the number of bitcoins to be mined has a limitation which could possibly become difficult to own in the future by an ordinary individual who receives a minimum wage or salary especially if the price has already reached its peak.

Have you tried Bitmex or Etoro?

I had read the different threads regarding this question and it might good if you will have research first because asking the community to avoid multiple threads.

To answer your question, are sure that Binance didn't have leverage, because if you are going to ask me which exchange is good.  I prefer to use Binance than other exchange you've mentioned

Here is the list of "Best Crypto Margin Trading Platforms Compared (2020)", that might help you with what you have searched.

I don't want to waste my time investing newly launched projects or gamble it my few bucks, why not stick on Bitcoin, for sure you will have ROI when the Bitcoin price fluctuates.  Due to the high volatility of Bitcoin, you can gamble your money and guaranteed without lose if you patiently wait for the right time to cut your profit off.  However, no one can predict which good coin to invest in, but if I were in your situation, I rather choose the proven and tested one than risking my money for the possible of having losses.

Since you're talking about gamble your money, I think if you really want to gamble just go to the gambling site.  For the quick and fast result and the most riskier compared to investment.

There should be a minimum amount that you will allow to withdraw depend on your account level verification.  You can sell a big amount but you can't withdraw it at once just because of the minimum amount that they allowed per verified user. It should be limited the amount to withdraw per day, per month, and your annual withdrawal. It norms in exchange to freeze and ask you again a verification if you have traded a big amount and where did you come from the money, a solution for that is to withdraw little by little.

Nope!
There are too many alternative ways to buy and sell Bitcoin without centralized exchange and some examples are given above.

• P2P exchange
• Bitcoin ATM
• Payment processor (just like buy on amazon and pay Bitcoin)
• DEX's

OP didn't have missed any in fact he/she has stated everything but the mere fact he wanted to know what will be the next big event for Bitcoins or the entire cryptocurrencies remains unknown, speculations could be global adoption and become the future currency.  I tend to agree with this but to know when we still cannot provide the exact date nor a period of time.

With the recent report that bitcoin already surpassed Mastercard in terms of total value circulating in the global market, we can say now that in the soonest time global adoption can be reached and bitcoin can exercise its full potential as a currency.

At some point OP, I tend to agree that inflation has decreased because of the pandemic and it will kick again once the economy started to reopen.  However, in some places like in my country, we have started reopening the economy, and prices of commodities and services are really painful in the wallet considering that most of the citizens are still in the search of a new job after losing it because of the pandemic but no one shall be blamed if everyone knows how to adapt in the current situation.

The mere fact that fiat would crash again due to inflation after the reopening of the economy it can be reasonable if the economy would adopt decentralized finances or cryptocurrencies such as Bitcoin.  Though IMO it is the best resolution I must admit that citizens in my country are not yet ready for it due to a lot of reasons like the technology and familiarization about it.  In fact, if you would go out here and ask anyone outside if they know bitcoin or any cryptocurrency they will answer you promptly that they haven't heard of it before.

In my idea, we can definitely go and shift to cryptocurrency however the government should first take an action towards these issues for global awareness and technology that is the necessity for it.

This stimulus deal of the American government isn't bad at all, IMO the bad or the worse will be how and who will benefits from these bills.  

I came from a different company and we also had this stimulus on our own. However, ain't one of the lucky people who qualified in the program yet I also almost lose my job because of this pandemic and sadly the beneficiaries are of those who have no work prior to the pandemic and most of them are the culprits and lawbreaker that is at large but I don't take it against the program for it still helps a lot of our citizens who need it badly during the pandemic.  And on my end without the stimulus program, I am still surviving in the middle of this recession.

Going back to the topic, let's just hope that the stimulus deal of the US government will be implemented with the right regulations and will not just go to waste.

I tend to agree.

Support and resistance still work not only in the foreign exchange but also in crypto exchanges.  However, we always need to bear in mind that the volatility of the price lies not only with the manipulation of the whales but also from the numbers of individuals whose demand keeps on elevating, and that serves as the main factor for the bull run that we are experiencing now.

Though support and resistance provide information on the trends and possible movement on the Bitcoin's price it only provides limited information which makes Bitcoins and other cryptocurrencies unpredictable in terms of market value.