Bitcoin was solely built for the purpose to eliminate the third party and yet we let the third party[i.e. exchanges] decide the price of Bitcoin today.
The "third party" that's eliminated is the requirement to have your funds held by a custodial company; because with Bitcoin, you can just hold it using a non-custodial wallet and no one can take away the coins from you. It's nowhere near realistic to expect that literally every single "third party" platform will be eliminated. That's just wishful thinking. We're always going to need third party platforms here and there; and what matters most is that you're not required to use them. Bitcoin & Cryptos come with a downside of manipulation as for example:
*snip*
Look. There's definitely manipulations in the market, but that's with ANY other market. And it seems like you seem to think that these types of manipulation maneuvers are something that's guaranteed to work well for the "wHaLe" or something, because it's definitely not. It can definitely work well for them, but it could just as easily go south for them. Is there a way to actually predict the price of Bitcoin?
Seriously dude, imagine if we could lmao. consider using Data from the Blockchain itself, for eg. the Timestamp of the block, mining revenue, cost of the electricity consumed to mine the blocks, Difficulty in the hash rate, etc.
Demand is what will dictate bitcoin's price, not on-chain metrics. This should be pretty obvious.
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You're pretty much stuck with using separate apps/platforms for receiving payments if you want to remain "private". Accept dollar payments as you normally do, and use non-custodial wallets(like Electrum) for bitcoin payments. Pretty much any custodial platform that the IRS isn't "privy" to yet will also be pursued by them sometime in the future anyway.
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I mean, that's definitely one way to make bitcoin and cryptocurrency industry as a whole to seem like a get-rich-quick scheme. But whatever, adoption is adoption I guess? Tbh I'm only excited for the halftime show lol. https://www.youtube.com/watch?v=h3NhX6-5mO0
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Besides using peer-to-peer exchanges like HodlHodl[1] and LocalCryptos[2], it's pretty unrealistic to look for exchanges(or any financial service in general) where you can withdraw fiat but without KYC lol.
[1] https://hodlhodl.com/[2] https://localcryptos.com/
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Looks like an interesting research and I didn’t know the successful traders will reveal his identity in the public. I also got curious about how he make millions of money in crypto trading, will always look for the articles or video about his success stories and tips, is there any video about his trading activity?
He and his team at Alameda Research are top-tier quantitative traders, and there's definitely no incentive for them to be sharing their trading strategies. Them sharing their successful strategies is like digging their own grave lol.
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Apparently they're working on it — but don't run around celebrating just yet, because it doesn't mean that it's already guaranteed to happen. And if it does happen, it could mean that they really are just going to legalize it, not necessarily use it themselves.
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Probably an unpopular opinion but I'm fine with this. So much hateful opposition propaganda against Bitcoin/crypto on typical "news" sites that at the very least this should bring a little bit of balance. Fighting fire with fire.
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This is the perfect example. The mass majority of people will only realize the importance of bitcoin and cryptocurrencies only when they actually get deplatformed and when they're already out of choices. I could guarantee that most sex workers have been ignoring bitcoin back then, until recently.
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You could send it to mobile, email or address? I don't think I ever seen this before. When I sent btc, it was always to a btc address.
You can also send to mobile numbers and email addresses, but that's only for sending the bitcoin to other Coinbase users. For any other wallet you use a BTC address. So after I type in the btc address, then click continue, it will tell me exactly the btc fee that will be deducted and the btc that will be sent to my nano ledger right? So the fee will be an onchain fee and should be no more than a few dollars? Again i remember when I withdrew from binance a while back, the btc withdraw fee was a flat 0.005 btc.
Mate you can just test it out yourself and you'd immediately have the answer. I don't have Coinbase so I don't know how it exactly works. But it should be the same general process as any other exchange; or at least very close. As for the fees, it should be only be one or a few dollars, but I don't know how Coinbase calculate's the fee so you just have to test it out yourself. As for Binance, they demand a flat fee, so the fees are going to be different.
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It could be any method, tbh. They could end up asking for some collateral, they could ask for special authorization access to your admin panel, they could end up giving you a fake loan requiring you to create an account on a scam exchange then asking for a "withdrawal fee" to access the "loan", etc.
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Well withdraw I assume means withdrawing to bank account. But I mean transferring btc from coinbase to nano ledger.
So does coinbase tell you exactly the total amount of btc you will receive before you do the transer? The on chain transaction fee... is how much on coinbase?
Is the fee the same whether I do this on coinbase or coinbase pro? Again, I just want to transfer my btc balance from coinbase... to nano ledger.
Re-read my previous response: look for the "send" option if you want to get your bitcoin out of Coinbase. Here, I Googled it for you: https://help.coinbase.com/en/wallet/sending-and-receiving/how-do-i-send-and-receive-crypto-through-walletAnd again, as per Coinbase's fees page, you're only going to pay for the on-chain transaction fees. You know the fees you pay for sending bitcoin using a non-custodial wallet? That fee. The average fee changes like every few seconds.
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kucoin and ftx is still in the top choice imo
I am quite active in using the loan features available on Kucoin and FTX, both of which provide convenience for borrowers and lenders
I suggest if you want to become a lender on the two exchanges above, choose the USDT token because it is more stable
Why not try,binance, or xcoin .Binance interest rate is 8.90 per annual,it accepts various cryptocurrencies, there's no limit for deposit,u can deposit any amount as a borrower, likewise xcoin you can withdraw money at anytime.
OP said: " But most of them have only a few coins, those are in the top 100 coins list." So I assume OP is looking for lending the less-liquid coins. Whereas these exchanges only accept lending only on specific coins — most(if not all) of which are in the top 100.
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I feel you didn't get JeromeTash's reply.
When you bitcoin on an exchange, you are actually buy bitcoin from other users, not the exchange itself. You deposit fiat and place a buy order. Someone else deposits bitcoin and sell it to you. After that, you will be able to withdraw bitcoin and the other user will be able to withdraw fiat.
So, for every satoshi added to a user's balance, one satoshi is deducted from another user's balance.
tldr for OP just for more clarity; it's pretty much like eBay — but instead of selling random stuff, everyone's buying and selling crypto. Exchanges really don't sell anything, they just charge an exchange fee for people buying and selling coins to each other. Just like eBay!
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I could see a potential bullishness if it's the case that Ukranian peeps buy bitcoin due to the economic uncertainty or if some actually plans on exiting the country; and with people all over the globe realizing the power of a decentralized currency/asset because of this macro event.
In the end, this is uncharted territory. Only time will tell how this will pan out. If I were to bet though, I'm probably going to be neutral — neither bullish nor bearish.
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I don't have a Coinbase account so I don't know for sure, but I assume the "withdraw" function is for withdrawing the actual dollars to your bank account. I assume they have some sort of "send" button for sending out bitcoin?
As for the fees, you're just going to pay for the on-chain transaction fee.
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Can I get a few of those venture capitalists and developers that you follow? I followed few developers in bitcoin but they are all posting similar technical stuff where majority of them is difficult to understand. And I assume you are pertaining to Twitter, no?
There's Paradigm, 3 Arrows Capital, Jump Crypto, Delphi Digital, Alameda Research, and a lot more. Twitter is pretty much their sort of "main" public communications channel so you might want to be active there.
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In hindsight, Artificial Intelligence as a blockchain product seems dumb in the first place.
As for cloud storage, I haven't been hearing anything about the likes of Storj, Sia, and Filecoin. On the other hand Arweave seems to be the one that's actually being used it seems. I've heard it's being used to store NFT files; in contrast to the typical Amazon Cloud or IFPS.
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It will do more but you wont get rich fast from it anymore.
As the price and marketcap goes higher, potential profit drops. But at the same time the investment risk drops as well. eth is the safest bet to get rich with medium speed
Bitcoin doesn't have any competitors — while Ethereum has Solana, Avalanche, Cosmos, Near, etc closely behind; with them pretty much at war with each other. And to add to that, Ethereum is supposedly going to move to PoS this year(assuming no delays), hence posing a significant risk.
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2x-3x is pretty much just $1.6 trillion - $2.4 trillion in marketcap. Do you really think that's the highest that bitcoin can go lol? Even gold alone is like $10 trillion in marketcap.
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