Copy and paste work is how CZ's close friend Justin Sun grew big with his TRON scam project. Copy and pasters apparently like to surround themselves by other copy and pasters.

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If Bybit out of nothing managed to grow out to be a decently large futures platform, then Binance will absolutely dominate that segment of the market. Bitmex is losing a lot of popularity with their mass liquidations and 'overload error' that they aren't keen on sorting out. Not that Arthur Hayers cares anyway, he has already pocketed hundreds of millions. If he wish could exit with a smile from ear to ear.

If Germany is a profitable country for them, they will obtain that license, but BitPay might just as well choose to not invest time and money in it if there isn't much to gain. In that case other payment gateways will take over its spot and provide a fairer service to merchants without the disgusting anti Bitcoin politics. Perhaps it's going to boost BTCPay server, who knows. 

Coingate for example is still active in Germany. It's going to be interesting to see what their course of action is going to be. I hope they will treat this as an opportunity to fill BitPay's gap if they exit entirely.

It doesn't on a smaller scale, but at least you still have value in the hardware that you can resell or use to mine other SHA-256 coins.

People are too fixated on passively earning Bitcoin that they are willing to take extreme risks without even realizing that. Bitcoin's price has always outperformed mining rewards in terms of percentage gains, and it will keep doing so. Best option is to use your fiat to buy Bitcoin, or in case you have Bitcoin, go long 2x and reap the fruits of your trade over a longer period of time.

Or use a part of the funds to buy a hardware wallet and then forget about your coins for a couple of years. There is almost no risk to this.

The volume is lagging behind because the range within the price can bounce up and down has shrunken a lot from when we peaked two months ago. It's stuck in what appears to be a massive decending triangle that will break up or down before the end of this month. When the range tightens, the volatility by default decreases, and thus the volumes too. Perfectly normal.

The volume will come back when we finally get to break out of this decending triangle. It will either be a very brutal crash or a super sweet pump. Measured move is ~$4000 up or down if nothing stops it in the process. If we break down, who knows how long it will take before we get to retest this year's high. Make sure you're ready to buy low with a heavy bag of fiat just in case.

No one can approve or reject Bitcoin. It hasn't ever needed any of that. This is what I like about Bitcoin. For the first time I can do things without asking for permission.

We'll get that that ETF one day, people just need to stop focusing on it. The longer it takes for these instruments to make it to the market, the longer you have to accumulate as many satoshis as possible at fair prices. Your fiat continues to lose purchasing power so it's not that you have all the time in the world to keep waiting.

As for the 'limited ETF', that's just a lame knock-off. The retailers should be allowed to buy into this ETF through their brokerage account, which isn't the case here. Institutions already play around with GBTC, which is similar to what Vaneck offers.

I get why people like these metrics from a perma bull perspective, but there is no way to spend a single satoshi on-chain without paying a fee 500-1000x higher than the amount you want to transact with, and this is when the network isn't experiencing much activity, otherwise the fees are even higher. It's not an advantage when you can't utilize it.

In order to have this metric actually mean something, we need Lightning globally deployed so that people in all countries can use it with little effort and cost.

The growing interest in Bitcoin isn't so much related to actual use to circumvent rogue governments, but purely speculation. If we look at Bitcoin's transactions in the last two months, they have gone down a bit instead of up. If we have to believe the numerous news outlets about the adoption and use picking up rapidly, the transactions would have hit 400,000 transactions continuously, but they don't.

https://bitinfocharts.com/comparison/bitcoin-transactions.html

They find dollars to be what's working for them, and it comes with plenty of fungibility. Dollars have been trading at a 5-10% premium for quite a while in the underground market there. Stores almost beg you to pay in dollars, so there is an incentive to accumulate it.

No one can prove having control over the funds until the actual owner of these funds pops up someday, which isn't likely. This scammer uses a wallet client that can sign fake messages and whatnot from an address he desires. It's pretty much the same concept as the fake bank apps where a lot of people have been scammed with thinking that money has been wired, while in reality nothing has been wired at all because it's a fake app.

He used that to convince a BBC reporter in 2016 that he is Satoshi by supposedly signing a message from the address that is known to be the first ever transaction; https://www.youtube.com/watch?v=5DCAC1j2HTY

Yes, it's middlemen on top of middlemen, lol. Burger King in this cases pays a fee to Takeaway for the exposure/listing of your restaurant, and then pays ShitPay a 1% fee.

Important to point out is that Takeaway has been accepting Bitcoin in several countries (Belgium, The Netherlands, Switzerland, Austria, etc) they are operational, and that for years now.

I did the same back in 2014 when my bank (ING) sent me a letter that I should stop using my bank account to send/receive wires from crypto exchanges. They told me to not know the exact reason, but promised to call me back the next day with more information, but they didn't. I ditched them and since then don't have a problem anymore.

More recently, I know from people around me who also used ING that they have been told to stop using their bank accounts for nefarious purposes (the bank yet again failed to explain what the nefarious purposes were that they used as reason). All these people did was wire money to an exchange to buy Bitcoin. ING was probably pissed that these people were wiring large sums of money to foreign bank accounts belonging to the exchanges.

Bunq has been gaining some momentum in the last couple of years. They seem very open to people using their accounts to trade crypto and whatnot, so definitely worth checking out; https://www.bunq.com/

Bitfinex cares not a single bit about their users, but seeing how people still use that exchange, they don't seem to care about themselves either. One must be some kind of a special person to still use Bitfinex after everything that happened. We're not just talking about an incident or two, but multitudes of incidents.

Smart money has left Bitfinex a long time ago. The whales who usually terrorized their orderbook are nowhere to be seen. They took their money off that exchange because they no longer trust it. Follow what the smart money is doing and stop using that exchange. Not that difficult with how many capable alternatives we have today.

I think the $14,000 level will be one of the most important levels to break through this or next year. If we break through that, you better make sure to not sell any of your coins and ride the run up to $20,000 and hopefully beyond. The highest ever monthly close is ~$14,000 and let that be where we peaked some months ago. Algos will instantly unload upon retest so we need a lot of buying to come in and eat through all these sales.

Short term speaking, we need higher local highs, and so far we've only had lower local highs. If we start making higher highs the odds of a $14,000 retest will be in our favor. One more sub $9500 test will probably lead to a break down so that's what we have to avoid for now. Testing the same flat support levels isn't bullish as some people like to think.

It surprised me a bit with how fast we have gone up. If we look at the decending triangle on the daily, you'll see that we're pretty close to the upper side of the descending resistance around $11,000. If that's not enough, we also have an ascending trendline (one that we currently trade below) that now will be forming resistance. In other words, double resistance. Looks like a solid short to me.

I will definitely place a 2x leverage short around the $11,000 level and from there look at how the market behaves. If we respect the current market structure I'll keep the short, but if we break out of the triange and close two consecutive daily candles above it, then I'll be looking for a long. Interesting times.

Easy talking right now. In most cases the reality is that most people are afraid to buy dips because they think it will go down more. They might have bought into the run to where the price is right now, which is more likely considering the fact that most people prefer to buy into an increasing market.

Are you living in a fantasy world? Not even the best traders in the world can do that when they try it, and they wouldn't even consider playing around with such insane leverage counts. 100x is pure gambling. One tiny movement and your position is liquidated. Most rational investors and traders with proper risk management generally don't even go over 5x leverage.

Bitmex made gambling become easy for noobs with how they can adjust their leverage with a slider.

They already 'sorted' that out by having 144 block (1 day) difficulty adjustments instead of the 2016 block (14 day) difficulty adjustment that Bitcoin has. IIRC, there have been various tweaks made to change how the difficulty gets adjusted, but it seems that they have settled with the 144 block adjustment period. If they have to, they will fork it to have even faster difficulty adjustments.

In that regard, they made sure it's no longer Bitcoin'ish, so it isn't following the white paper that mr Ver keeps referring to. Naughty scammer!

I think it's more related to them looking for a difference in clientele that they can leverage in some ways.

Instead of a couple large providers, they prefer to go for the quantities which is done by offering the lower tier lenders higher interest rates. It helps increase their traffic, makes the lower tier lenders do some marketing in the process because they like to share everything on social media, etc. It's called smart marketing. Great move from that perspective.

I however do not think that Blockfi will be this generous for ever. Once their targets are met they'll reduce the interest rates and people are back to normal.

They temporarily accepted payments in Bitcoin unofficially in 2017. They never actually accepted Bitcoin outside the few transactions they accepted from a few local clients in HongKong.

This time it seems to be them accepting Bitcoin more widely and more importantly, officially, which is pretty cool considering how influential they are. It really seems that these firms have started to display classic sheep behavior when it comes to accepting Bitcoin. One after another jumps on the bandwagon.

It's pretty much a free form of a massive exposure boost. Accepting Bitcoin as a large firm makes you reach headlines and attract a new group of users who might not have used their services would they not accept Bitcoin. Yeah. Love it.

Perhaps not to that extent, but most people with some sense in their head have converted a portion of their net worth to Bitcoin or even Gold. It's not that hyper inflation is something that we just got to witness; it has existed for many decades, which should have made people more interested in alternative forms of money.

For some reason people tend to wait and hope for the government to introduce changes that will help improve the economy, but these in most African countries have never really yielded anything. People's 'next time things will be different' mentality works against them. Things haven't been different for the better, only different for the worse. Peolpe need to wake up and help themselves.

It has a relatively high rank because most people who sold their fork coins have sold into the buy orders of nChain and Calvin.

They control such a large part of the coins in circulation that they at current levels are comfortable supporting it financially. If you also take into consideration that barely any newly minted coins are being sold, because they account for the majority of BSV's hashrate, the price isn't going to experience much external selling pressure. What will happen is that they end up holding millions of BSV coins but no one to sell to.  

In that regard, I wouldn't pay attention to their coin rank. What matters is that the majority of the crypto ecosystem rejects their practices.

Every altcoin represents a company? Definitely not. A lot of the altcoins are set up by scammers, and then we have those that are set up by either some nerds or hobbyists. After that there are a bunch of tokens that do actually represent a company, but even that has no real meaning with how they have turned out to fail and/or scam people just as hard.

Eventually we might go in that direction if security tokens become a thing as people initially hyped them up to be, but that doesn't really have much to do with crypto anymore with how security tokens resemble to stocks more than crypto currencies.

The purpose of altcoins has always been to function as speculative investment, which helps keeping a lot of Bitcoins out of direct circulation. In that sense they are doing their job exceptionally well. Mission completed. Ask most altcoin traders what their goal is, you'll find out that it is to stack satoshis.