I think we tend to overestimate the importance of things like this. The forum, Reddit and a few Twitter feeds can be a bubble where these things are discussed endlessly but outside of that bubble they have very little impact. I don't think the big money players that drive the markets or the hoards of new players that came in last year really see much of that stuff.
At one point all you had to do to inspire a global drop of several per cent was hint at a rumour about South Korea 'banning' something even when it's been established forever that their government is too shit to organise anything. Said drops are of course completely empty, but there are no fundamentals anyway so emptiness is enough. Big money players are all in the business of playing chicken with each other.
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Having read the article it appears they looked at the blockchain to see when large quantities of USDT flowed into exchanges. They then noticed that was when the price of BTC had decreased (a good buying opportunity). The price of BTC then went up because of the buying. What they don't explain is how they conclude that it was manipulation rather than just large players buying the dips in a bull market.
The perception of Tether always seemed to be more than a little simplistic to me. However at this stage of the game any excuse to fall will be grabbed with both hands and even if this proves nothing, and it doesn't, it might be enough to inspire more dumpage.
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I'd say only a small minority care about handing over their info. Most people don't care in the slightest. It is however an extra obstacle that'll mean many a buyer falls away just as many online sales fail when people can't be arsed to fill in their details.
Soon enough it'll be totally ubiquitous so you'll have to do it if you want a taste.
It's necessary for markets to reach the next level and far less catastrophic than exchanges ignoring this completely and then suddenly getting walloped.
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No it's $100.
Guess its doom thread season once more. How innovative and fresh. ETH only got to its heights because BTC didn't get its ETF and the ICO tombola started up. That is ETH's one and only bit of action. Rather like trying to feed yourself by attaching a pipe to one's anus and inserting it in your mouth, at some point a closed loop collapses.
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While I have sympathy for people who've lost their paper wealth, it's painfully obvious this was going to happen. It has every other time and there was nothing special about this one.
Buy high, sell low by all means. Or you could draw on the mass of history now available and stay put.
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Most will never manage it. Everyone should start off paper trading which would at least give you a glimmer of whether you can actually handle it, even then there's nothing at stake so it would be easy to convince yourself when in reality with real money you'd be a headless chicken.
If you have some forked BTC at least that's free money to trade with so perhaps you'd be less sentimental.
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Are you sure with that?
Why would I not be? Have you actually had a look at how wretched most exchanges have been over the years? And they don't start off shit, they become shit or their scam fully ripens. Anyone throwing large amounts of money at something totally unproven has no grounds for complaint if they lose it all. Presumably they're paying you for this thread.
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I wonder what he is trying to say?
I am a penis ripe for a necro quote considerably, considerably sooner than my ickle prediction what I put at least a couple of seconds of thought into rustling up.
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according to the above press release, the Commodity Exchange Act includes a prohibition against spoofing (not sure on the specifics).
What I'm particularly intrigued by is that they seemingly declared out of nowhere that crypto now fell under this regulation so tough titty. I don't recall any consultations or warnings. I don't recall any exchange warning me about not doing it, though no doubt it's now buried in a couple of terms and conditions. Flat out manipulation has been such a long standing tactic that I'm pretty amazed it's suddenly been declared a shocker when it was the cornerstone of everything for so long. You'd expect at least a transition period and a non manipulation 101 when you sign in to your fave exchange.
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Is it worth a try?
No. The history of exchanges is genuinely disgusting. I don't understand why anyone with that wealth of misery documented for them would risk it with an absolute unknown. It's not as if you're losing out by not using it. Would you rather pay a fraction of a per cent in fees to somewhere with years of dependability or risk everything for a small saving? Let someone else road test for several years and then reap their benefits if it cuts it.
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https://news.bitcoin.com/cryptocurrency-exchanges-are-making-millions-from-just-listing-coins/Some insight there, but fees will be incredibly elastic. I'm sure there's no set menu. There may also be ongoing annual fees too. One of the interesting takeaways from that article is well known wallets charging to add your thingy too. As crypto gets bigger these companies get more powerful and harder to replace so can make ever larger demands. People will simply have to bend over and pay it if they want to get anywhere at all. Soon enough you won't be able to get anything listed anywhere with a decent attention level without a giant war chest to throw at it.
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As long as the Earth isn't one giant country there'll always be competition between jurisdictions. Smaller economies will always be willing to cut a few corners and open a few doors in the hope of attracting money pushed out of larger ones.
I do however believe KYC/AML stuff will become increasingly universal. At some point a country will be shut out of global institutions unless it toes that particular line. Beyond that it's likely to be a free for all in terms of taxation and usage.
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The only reason a government would use 'blockchain tech' for their own coin would be to make their existing policies - inflation, debasement, control, surveillance - easier to execute. Combined with cashlessness it would be nightmarish and you wouldn't have a say in the matter either.
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https://cointelegraph.com/news/all-of-top-100-cryptocurrencies-see-red-amidst-cftc-price-manipulation-probeOff they go with their noble probe. Since it's screamingly obvious to everyone that all crypto markets are outrageously rigged and always have been, what is a possible outcome? How do you link the intentions of a trade to a person? What's to say that spoofy wall wasn't pulled because you suddenly needed the money for your Komodo dragon's ransom? Is this a shot across the bows or will they try and track some people down? And since when did all this theoretically become against the law. The stupidest thing of all is that they haven't subpoenaed Bitfinex which is where everyone else still follows even if it doesn't fall within the CBOE basket.
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Remove known exchange and custodial wallet addresses from these counts and then we'll talk. Until then, I'm profoundly uninterested.
I'm sure it is concentrated in a small number of hands, but nowhere near that small. Several million coins on that list will actually belong to several million individuals. Whether all of them are allowed to access them is another matter.
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I think IQ fact is a bullshit for me. You can not determine the intelligence of anyone with the IQ test. if you want to succeed on a work, all you have to do is work hard on that purview.
I don't think intelligence is all it's made out to be either. The most intelligent people I know are also the least happy, least productive and least successful people I know. Those who work well with others and have discipline, application and the ability to recognise and exploit an opportunity are the ones who get ahead.
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so think twice if you want to keep your coins locked at an exchange
You'd have the full weight of Japanese law behind you if these exchanges tried to pull the traditional piece of shit moves. That joint was nothing but just another nothing from nowhere. These exchanges are unlike anything available anywhere else.
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This could well be the first fully regulated return available for crypto anywhere ever.
What is their insurance cum guarantee situation? Since many a government doesn't guarantee bank balances above a pitiful amount I don't see how they can guarantee this. I doubt their insurance has been put to the test and I wouldn't want to be a guinea pig.
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You're welcome to use this as an excuse. I don't believe it's the reason. Korea is an irrelevant market in the first place. A Korean alt exchange is even less relevant. It was going to do this anyway.
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