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People in general I think are betting on approval in January 2024. If it gets delayed/declined, I definitely think we're going to get a small setback due to it being delayed/declined. I think the drop will be short-lived though, due to sidelined money waiting for a decently-sized dip.
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It will totally depend on the coins you want to trade lol. If you're talking about majors, then just go with the biggest exchange that's available in your country.
If you're going to trade the bottom-of-the-barrel shitcoins, then you're going to need to go with the kuCoin's and Gate.io's.
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Come to think of it — I wonder how long Bitcointalk would've survived if it wasn't for signature campaigns? Activity wouldn't be this big if it wasn't for bounties.
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“I think it is quite likely we have another round of ETF rejections before we get the positive news.” It's pretty much everyone's opinion right now anyway. The consensus is that the ETF will highly likely be approved by January; and James Seyffart seems to agree on that. |
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While I have no proof whatsoever(I am not that smart), based on my experience in the last bullrun where fees skyrocketed, viaBTC's transaction accelerator is the only accelerator that actually works. The trick around the 100-per-hour limit is to get ready the next hour and accelerate your transaction the first second.
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Bitcoin right now probably can't make you rich, but it can help give a good boost to your net worth — obviously due to price appreciation, and depreciation of fiat currencies.
Bitcoin isn't a get rich quick scheme, it's a not-get-poorer scheme.
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What you're asking is like asking how much money(or a certain investment) a poor person should have. It doesn't make any sense. In general, how much money in an investment a person should be holding will totally depend on his/her financial situation(income/savings/spending/etc).
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What step are you having problems with specifically? Binance account verification is very straightforward and they have instructions for every step anyway that even my non-savvy parents can follow the instructions easily.
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If you're asking how to make one, chances are, you're technically incapable(at least for now) of making one.
If you really want to work on it though, do some research on how mixers work — on how the coins are jumbled and mixed. Then you can probably work from there.
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A cold crypto winter would be one of the reasons behind the shutdown of Localbitcoin, but I don't think this is the main reason. There would be some law enforcement issues as well. It's true that their volume has dropped due to the many competitors on the market. Especially centralised exchanges like Binance started p2p exchange. A large number of cryptocurrency users have been involved with centralised exchanges, and often we get all services in one place. Hence, individuals lose their interests in other p2p exchanges because of centralised exchanges.
It's definitely not the bear market and not Binance's P2P arm either. Even in a bear market, LocalBitcoins was the place the go, and Binance's P2P hasn't gain traction that time yet(assuming it was already around). It's 99% law enforcement requiring AML/KYC that killed it. |
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Because apparently, bitcoin/crypto people like to use no KYC/AML stuff(understandably so). Unfortunately with the case of LocalBitcoins, they were forced by the hands of the authorities to ask for AML/KYC of their customers mandatorily.
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Short answer: - Custodial: a company will have control over your funds
- Non-custodial: only you have control over your funds
Long answer (I suggest reading it): https://chainsec.io/wallets
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Crypto is not a stock market, rather there's some level of correlation between the crypto markets and stock markets.
As for your question — maybe.
Outcome 1: People would be selling their Bitcoin/crypto if it ends up following the drop in the US stock markets.
Outcome 2: People buy bitcoin/crypto because it's far easier to bring them with you if you end up moving to a different country.
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It can be a problem, but this shouldn't really be a problem; it's just the fact that people are too reliant on account recoveries. But regardless, I think it still doesn't justify leaving most of your wealth with banks. In the end, the advantages and disadvantages of bitcoin and banks are totally subjective.
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Don't immediately jump into investing and try to learn what the ins and outs of this industry are first. Most people immediately jump into buying random crap on CoinMarketCap that causes them to get burned in the end if they don't exit after x ROI.
But really, I can't tell if there's any better lesson in this industry than experience. Most great investors/traders I know all went through the portfolio-down-90% phase that I think almost everyone that wants to trade altcoins needs to go through this hardship.
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The same way you gain confidence in other things like public speaking and any other skill with a crowd — by just doing it lmao. There's no secret juice.
Also, before taking a trade, make sure you're actually convinced that you're right. Because if the price moved at the opposite direction and you immediately capitulated, then you're likely just guessing.
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Most of these "analysts" are fossils — I don't think they can even grasp the concept of why bitcoin has 'value'.
But yea, even if from a trading perspective, you really can't expect every single person to have the same price predictions; someone has to be wrong, someone has to be right.
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It would somewhat handy especially for when talking about altcoins, but then there will be arguments on which sites to link to(CMC/CoinGecko/etc) and as well as people's moral/ethical standpoints against altcoins.
If this were to be implemented (which I totally doubt it would), it makes sense to only be in the Trading Discussion and Speculation sections.
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