BNB is a falling knife that people shouldn't touch. Everyone who used BNB to trade with in order to get a fee advantage on Binance has been burned hard now the price has taken a dive from $50 to $15. The amount people thought to save have cost them hundreds or even thousands of dollars.

I wish exchanges adjusted their fees based on how congested the network is, which Coinbase is doing well. Before my account became unusable due to their KYC requirement, I managed to withdraw Bitcoin with fees as low as 1000 satoshis. In times where satoshis more than ever matter, exchanges should consider this fee schedule.

It mostly comes down to pricing based on futures contracts. This article provides an interesting read about what these futures are and how they work. It's about apples, but it works similarly with any other fruit.

Most reputable brokerage firms should offer you live pricing on various soft commodoties. It's a though market to trade with how heavily it depends on the underlying fundamentals, while an asset such as Bitcoin is just what the chart shows you is what you get. A lot of people got rekt hard trading soft commodoties.

Perhaps, but that doesn't mean they can force you to use it.

Corporations or organizations launching their own currency are limited to the regulations within each country they operate in. They can't offer people the freedom the way Bitcoin does. This is the main reason why Bitcoin will continue to prosper over anything centralized that's abiding by shitty laws governments force them to follow.

If the trend amongst centralized entities to launch their own coin or token continues, it only proves why Bitcoin is so important with how it can't be created out of thin air. It also will make Bitcoin come out as clear winner because it has no borders to respect, which centralized entities have, otherwise they'll be shut down by governments swiftly.

It became a trend the moment derivatives platforms within crypto made their user interface so noob friendly, that it became even accessible to the worst possible life savings/credit gamblers.

Seriously, one can just slide a bar to adjust leverage up to 100x. How attractive do you want to make such a riskful trading feature? It's all done to sucker in noobs. I remember over a decade ago that I didn't even dare to touch leverage because of how complicated it looked, and the risk warning my broker popped up the moment I was about to utilize leverage.

I'm short at ~$8700 with 2x leverage. It's more than enough and gives me enough breathing room in case the market turns against me temporarily. People today use such high leverages that a simple 1-2% fluctuation triggers their stop or even liquidates them.

His influence isn't declining at all. It has been his toy from the moment it launched years ago. Most of the proposals or simple changes don't make it to the actual main implementation(s) without his consent. It's like everyone is after his approval and agree with any of his decisions afterwards (positive or negative).

I have always found him to be a burden to Ether's growth. The whole ecosystem would be way better off without him throwing bones at anyone not following his path. He's a very smart kid, but so focused on his personal development roadmap, that it is working against the toy he once envisioned to become a decentralized world computer.

Not the first not the last. In some cases I doubt it's pure ignorance on their side, because these types have advisors and whatnot doing research for them. Most of them know damn well that Bitcoin can't be shut down. It's more likely an attempt to discourage the common joe from getting started.

What's the first that comes up to most people's mind when they hear/read about Bitcoin for the first time? "Governments, aren't they going to shut it down, etc?"

These are scare attempts in my opinion. I legit had a family member of mine send me a similar article last year because he was worried about the status of Bitcoin. The price was going down as well, which he thought was the main reason. Look at the current timing of this article. It's no longer coincidence.

I doubt that still works these days.

Another aspect that people forget is that in most cases it's not a direct bank to bank transfer, but more like; your bank to intermediary bank, to possibly another intermediary bank, to the actual destination bank.

I read about an awful lot of complaints locally of people who wired money to an actual scammer, therefore filed a legit scam report, but the bank and the police department usually don't act unless the amounts are crazy high. With that in mind, I wish anyone good luck trying to request a fraudulent charge back or file a scam report.

No bank will cooperate with your fake scam report if they aren't even willing to help you with actual proof. On top of that, who do you think they believe, a multi billion dollar company with tens of thousands of satisfied customers, or you? 

It's against any law and TOS of any company to submit fake info, regardless of how easy or tempting the whole process might appear to you.

In fact, I know someone who registered an account on Bittrex with false information, and that person got his account locked after Bittrex asked for additional information, which he obviously couldn't provide. Now he is out a few hundred bucks because of his stupid action. I told him it was a stupid idea and now he's at mercy of Bittrex to get his funds back, and to not file a police report of abuse.

I'm pretty sure that there are hundreds of more people who tried the same but were busted. Such a bad idea.

Despite how little trust there is left in the banking system, banks remain the best option to store your fiat wealth.

I personally haven't ever had a problem with my bank account, neither did I ever fear that anything would happen to my money. In most western countries the oversight on banks (especially publicly traded banks) is so tight that on a retail client level there isn't much to fear about. It gives people the peace of mind they're looking for.

As much as I would love to say that people should dump all their money in Bitcoin, it doesn't work like that. There is volatility risk, risk of security negligence that could lead to the loss of funds, etc. Diversification (fiat, Bitcoin, Gold, etc) is smart. Also make sure to use not just one bank, but several to reduce the risks even further. I personally use 3 banks where I have a third of my savings with each of them.

Tether is such a blast unfortunately.

No matter how much volume regulated US exchanges such as Coinbase generate, it will never be enough to outpace Binace, Huobi, Okex, etc. These exchanges hold most of the Tether supply in their addresses, which means that they have the incentive to keep people on their platform trading it.

What also contributes to Tether's dominance is the fact that it is so damn hard to liquidate into real dollars. It means that those who were stupid enough to sell their precious Bitcoins to Tether will be forced to pump it back into the market eventually. From one stupid person selling Bitcoin to Tether it goes to another stupid person selling his Bitcoin to Tether. It keeps the market alive and kicking.

The SEC isn't stupid either; Bitcoin stopped pumping the moment Tether stopped excessively printing fake money. Even if it was pure coincidence, I'm sure they have that weigh in. 

It could also be a speculative run by investors because they assume that a lot of money will be flowing into safe haven assets such as Gold. In other words, they try to front run the actual safe haven demand for Gold. Nowadays investors are so trigger happy to front run events, that they drive prices up much in advance just to front run other like minded investors.

I have always found the US stock market to be quite a reliable indicator as to what degree of fear we have in the global market, and thus far stocks are performing exceptionally well. In fact, the biggest stocks are on the brink of reaching new all time highs. That to me is not indicative of true or even looming fear.

Don't calculate your profits just yet.

The trend has not changed and will not change until we break through the 200 daily moving average and close above it. It's a moving average the big money institutions use as an indicator to determine trend changes, and they shifted extremely bearish a while ago already. Notice how easily we had a close below the 200 daily, while we are now struggling hard to close above it. This is indicative of strong bearish momentum.

With yesterday's increase we had some volume coming in, but that's largely gone now. It won't take long before we trend down to $8000 in the coming days, unless the bulls have something up their sleeve (which I don't expect).

They do have mules. Just like how drugs will always find its way into the borders of even the most restrictive countries, something seemingly innocent as Bitcoin will be there too just as easily.

The beauty of Bitcoin is that you literally only need a small piece of paper with a private key on it. Sure, if you're in North Korea and you don't have an internet connection to verify the actual balance, it will require you to trust the entity you're conducting business with, but considering the small economy there, it's fairly easy to build up trust.

Also don't forget that there are satellites now. Blockstream satellite should even be able to cover North Korea. With some effort, one could also make sure that mules bring in the required hardware to utilize the satellites.

What hype? People haven't ever been this bearish when it comes to an ETF approval.

I have seen some people come up with conspiracy theories as to why the SEC is rejecting Bitcoin ETF's, but that's just Bitcoiners feeling that every government body is working against them, which isn't the case. The SEC is EXTREMELY strict and selective when it comes to approving ETF's, not just Bitcoin ETF's, but all types. Depending on the asset and the oversight possibilities, it can take up to 5 years for the SEC to finally award you an approval.

I'm sure it will happen eventually for Bitcoin, but not any time soon. When it does happen, it's crystal clear for any applicant what to do in order to have an ETF approved, and that will lead to a flood of ETF's all trying to get you to buy into it. The future looks bright.

Can't afford you meant?

Discarding all privacy issues of using an exchange as mixer, they in most cases charge a pretty steep withdrawal fee. ChipMixer doesn't charge any fees by default at all (donation based business model), so it's pretty much a free way to obtain an extra layer of privacy, so not being able to afford the fees of a mixer (which generally are low already) is not an issue here.

The only fee that occurs is the on-chain transaction fee forth and back, which you would pay when you would use an exchange too.

I'm hoping that OG's will dump more of their coins, which will contribute to a healthier distribution of wealth within the Bitcoin ecosystem. Instead of one whale holding 5000 coins, a dump would translate into hundreds of new owners, while prior to the dump there was just one owner. In other words, OG's dumping their 'bags' is a fantastic problem to have.

I hardly ever see large (+1000BTC) walls anymore, not in the fiat pairs, and not in the ALT/BTC pairs. It really looks like a lot of the deep pockets have sold the lion share of their Bitcoin holdings.

High leverage is for morons. No one with sense in his brain will go over 5x leverage. If you do anyway, then you need your head to be examined.

People have become so accustomend to high leverage in crypto due to all the youtubers promoting it, that they don't realize that they are blatantly gambling. If you're gambling, chances are there that you'll lose all your money. The name of the game doesn't matter, the risk is there regardless.

If high leverage isn't risky on its own, there are also the platforms messing with the market they offer through mass liquidations. Bitmex is known for that. You never know beforehand on what side of their trade you are. It's like flipping a coin where you win some and lose some.

It's a big dream, and I am fully supporting more merchant adoption, but people here seem to be overly bullish on everything they read. I'm strongly of believe that despite all the cheering for adoption, Bitcoin isn't being utilized much to pay for the goods offered by merchants. It will require additional discounts to tempt people to use their coins, which is something Coincheck seems to understand.

Bitcoin is too precious to be spent similar to how people usually spend their dollars and whatnot. On top of that, the fees merchants save by not processing the payments through Visa/Mastercard (which are usually 2-3% per transaction) should largely be given as discount to those paying with Bitcoin. As long as people are being given discounts, they're open to spend Bitcoin. The incentive has to be there.

It's super interesting how these negatively tinted articles always find their way to the net when the price has been trending down. 

One thing I like about Libra is how politicians of all levels used Bitcoin as benchmark to point out the difference between a decentralized crypto and Libra, a centralized shitcoin that's controlled by a corporation. It must feel great for any government to hammer down on these centralized tokens simply by subjecting them to regulations, something they can't force upon Bitcoin.

I am of believe that even Facebook should be allowed to create its own currency, but they have no option but to abide by the regulations within the countries they plan to operate in. Anyone supporting a free money market should be open to that, no matter how shitty it might look to you.

They do require additional verification in some cases, which they don't clearly specify what that means and what the exact threshold is, or whether its based on suspicious activity or not, so before using them I would assume that you have to submit ID and whatnot. It's a financial institution at the end of the day, so they have to comply with all the rules/policies.

Considering that OP isn't keen on walking himself through a KYC procedure, it probably won't be a proper alternative.

Perhaps it's handy to also mention that one shouldn't use the same IP to create these multiple accounts. It's a breach of terms that will definitely lead to account termination.