There's plenty of coins that have less max supply than litecoin but that shouldn't matter much. Scarcity doesn't have anything to do with marketcap and what it does whether up or down.
Now if litecoin will ever reach $1k its all reletive to bitcoin price. If bitcoin never goes back over 50k would litecoin at 1k be possible? Probably not. But if bitcoin goes to $1million, having litecoin at 1k price would actually be a failure. Don't think in terms of usd but in sats and then you start understanding crypto pricing and what is and isn't possible.
There's simply not enough demand for Litecoin to rise in price on its own. It's highly-dependent on Bitcoin to survive. I like the fact that it has a limited supply, though. This should keep it from losing value in the long term. But without demand, we can't expect LTC to reach thousands of dollars (USD) in market price. The Litecoin blockchain has been doing well since its inception, so it's likely the cryptocurrency will last a lifetime. Measuring the coin's price in sats is a brilliant idea. Never thought about it that way. As long as you're able to make steady returns on your LTC investment in the long run, nothing else matters. Just my opinion  |
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Let's hope the day when all the world's governments ban crypto coins never comes. Maybe the government should ban cash? Most crimes involve cash:)
I sure hope so. But that's up to debate. If governments consider crypto as a threat to the very existence of Fiat, they could introduce measures that will prevent as much people from using it. They will ban cash, especially when they've announced their intentions to roll out CBDCs for public use. This new digital cash system will eliminate privacy for good by phasing out paper money, and putting everything on a centralized digital ledger only banks and governments control. I think this will lead to a massive boost in crypto prices within the long term. And I'm sure that it won't ever happen that ALL governments will decide to ban crypto. They'll more probably put taxes on crypto transactions in order to earn additional money on it, but not a total ban.
They'll definitely tax crypto transactions. But I think they will charge high taxes, effectively scarring away people from crypto/Blockchain tech. Just like India was doing by imposing large taxes to crypto-related transactions. It hindered adoption for crypto assets within the region. Let's hope the US and other major countries provide a flexible tax model for the healthy growth of this nascent industry. |
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Stablecoin staking isn't as profitable as it used to be, especially when it's centralized. I remember starting with 10% APY on Binance, and it's now lower than 3-4% on a good day. Decentralized staking offers somewhat better options, but you shouldn't expect any miracles with the most reputable ones, USDT, USDC, and BUSD. You'll have to use one of them in combination with another, usually an algorithmic stablecoin such as TUSD, if I'm not mistaken. And there's still risk involved; we all saw what happened with UST, one of the largest stablecoins by market cap.
Stablecoins are doomed to failure. That's because they depend on the traditional banking system to survive. You can see how the collapse of major banks in the US, resulted in USDC and DAI losing their peg in an instant. With algorithmic stablecoins, it's even worse. They could fall if the crypto market goes all the way down in an instant. You're better off staking ordinary PoS coins that give you higher returns in the long run. Don't focus on current market prices, since the "bearish" environment leaves you with less money in your pocket. Focus on long-term gains to see actual results on your investment. When this is all over, you could become the next crypto millionaire if you bought the dip. Who knows if PoS coins are bound to get better in the future? Just my thoughts  |
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This is not an option because the authorities need the CEX more than us.
It's a great way to keep records on who's doing what, who's got what, and the entire ecosystem in general.
Whether it's related to taxes, fraud, scams, money laundering, terrorist financing, and other reasons, governments have a strong interest in seeing CEX continue to be used extensively.
As long as there are CEX, regulations and laws should not be too unfavorable to cryptos in general. I'm convinced that if 90% of crypto exchanges were made via anonymous P2P, the laws and regulations would be much more intransigent and difficult for crypto users.
Personally, I would love to have a larger share of P2P in the traded volumes of the crypto ecosystem, but it doesn't seem to me to be really possible, most markets are now regulated and P2P is only a very small part of the exchanges. People seems to prefer to use big CEXs than Bisq
You do have a point there, mate. It wouldn't make sense to ban CEXs, especially when they serve as a means for governments to track and trace crypto users. They can easily enforce the rule of law through a centralized exchange, than the Blockchain itself. While Bitcoin and most other cryptocurrencies are transparent by design, there's no direct link between an individual's identity to the transaction itself (unless they do some digging on the Blockchain itself). With CEXs requiring KYC, governments can achieve peace of mind in getting the info thwy want. I think regulations will become stricter over time, but not to a point where they will ban CEXs completely from the "face of the Earth". No one can predict the future, so we can only hope for the best. Just my opinion |
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Crypto innovation?
What has Kraken or Binance innovated? One hundred types of trading and leverage and shitcoins in order to fleece you to the last penny in shitty deals and fees?
Binance's greatest innovation was having 7 shitcoins posing as Bitcoin over different chains.
Segwit is innovation, LN is innovation, Bisq is innovation, all the above crying in fear of losing their fees CEX are nothing like that, they are one huge step backward where the whole thing of denying a third party control is forgotten. There is nothing lost in advancement and in creating new stuff if all the CEX go bankrupt, they are the ones hurting innovation and they are the ones painting a fake narrative on cryptos, making them look more like easy money and ways to get rich than what they were supposed to do normally. No entity that works on the principle of taking your coins and not guaranteeing their return should even dare to talk about hindering crypto progress and decentralization, they are the ones keeping the entire environment in still a bank-like stage with centralized solutions in charge of your funds just like banks.
I'm not talking about exchanges bringing innovation, but rather crypto startups and companies alike. Fierce regulations will only make them flee the country, taking away innovation with them. If we talk about exchanges, then I guess the only innovator would be Binance with its own blockchain network called "Binance Chain". But I don't think it can be called an "innovation", especially when it's an exact copy of ETH (except that the consensus mechanism is different). Either way, things are not looking good for US as one of the leading countries in crypto/Blockchain tech innovation. The tigher regulations get, the more companies will "flock" to other countries. Bittrex wasn't that big of an exchange as FTX was, but its departure will certainly make a bad impact on the crypto market within the short term. Let's hope behemoths like Binance and Coinbase stay in the country for the healthy growth of this industry. Just my thoughts |
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There are several exchanges that do not require KYC verification, including:
PrimeXBT: This is a trading platform that allows users to trade cryptocurrencies with leverage. The trading fee is a flat rate commission of 0.05% of every transaction.
Changelly: This is a cryptocurrency exchange that enables users to exchange one cryptocurrency for another without KYC verification. The trading fee is a 0.25% exchange fee plus the network fee.
ChangeNOW: This is a non-custodial exchange that enables users to exchange cryptocurrencies without KYC verification. The trading fee is 0.4%.
Fixedfloat: This is a non-custodial cryptocurrency exchange that enables users to exchange one cryptocurrency for another without KYC verification. The trading fee is a floating rate of 0.5%, plus a network fee of 1%.
It's worth noting that while many other exchanges allow users to trade without KYC, most of their features and functionality are limited for non-KYC users.
Instant exchanges are great, but fees are a little bit high compared to a centralized exchange. I guess you get what you pay for (access to crypto without KYC). I've used Sideshift.ai sometime ago, until they've started restricting access to US-based customers. I don't get why they're doing this when the exchange doesn't comply with KYC/AML laws. Using VPN would be a workaround, but not all people are tech-savvy you know. There's an exchange called "AtomicDEX" which is decentralized and powered by "atomic swaps" technology. You can trade from one crypto to another in a breeze without a middleman. If it had options to buy/sell crypto using Fiat without the need for KYC, I'd be sold already. Here are some CEXes with no mandatory KYC - means they can still request your information later down the line Instant Exchanges: https://bitcointalk.org/index.php?topic=5218464.0Full-fledged trading platforms: https://bitcointalk.org/index.php?topic=5414539.0If you're not familiar with a particular exchange, you may search their threads in the forum using your go-to search engine by appending "site:bitcointalk.org" Aside from instant swaps, do you have any other planned use cases op? If so, I suggest mentioning them, that way you'll get better responses so people can narrow down the candidates. Thanks for this comprehensive list of Instant Exchanges, mate. It's very useful to me. We need as much non-KYC exchanges as we can, to help expand crypto's potential. After all, crypto is a "Peer-to-Peer Electronic Cash" system without middleman (especially Bitcoin). I'm personally a fan of Uniswap and PancakeSwap, due to their decentralized and censorship-resistant nature. You can trade tokens in a breeze with low fees and fast processing times (subject to current network conditions) all without KYC. The best part is that Uniswap is hosted on IPFS, so if governments try to shut down its centralized domain, you can easily access it in an "P2P manner". Who knows if DEXs are poised to take over CEXs in the future?  |
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Reminds me how everyone criticized Japan how tight their regulations were, how Binance and then Kraken fled the country how it will hinder everything all that doom and gloom and when FTX crashed down, what a surprise: Japan Was the Safest Place to Be an FTX Customer
So as a normal user that somehow still trusts CEX to be safe and to have access to your money at any time and not lost by some deranged individual trading between gangbangs with his roommates, what would you have: - tightly regulated exchanges where one can't play with your coins or fiat - laser eyes wild west with a ton of shitcoins and no guarantee somebody is leveraging your precious BTC against god knows what ponzi scheme The moment you have already taken the risks of sending your coins to a third party, why would you want that 3rd party to have the liberty of doing whatever he wants with no consequences? I really don't get it, tighter regulations can only lead to two things - end of CEXs, which is not a catastrophe anyhow since BTC was designed to work without them anyhow - tighter controls and safer ones, for the ones that are still foolish enough to trust a 3rd party Excess regulations will only do more harm than good to the industry in the long run. There needs to be a balance in order to protect both sides' interests (customers and companies). I guess this is the endgame for the US as one of the leading countries for crypto innovation. Bittrex will go away, but I believe others will follow suit (Binance, Coinbase, Kraken) unless US regulators become a little more flexible. I think the SEC is being aggresive towards crypto after what happened with Terra/Luna and FTX exchange. It's trying to protect investors' interest, but it's also scaring away crypto exchanges. How will everything unfold in the long run, is a mystery. If people in the US can't trade crypto through centralized exchanges, they will be forced to look for other alternatives. The revolution simply can't be stopped. Let's hope the US government starts easing regulations for the good of the industry. Just my thoughts |
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They will both probably win.
There will be some things that the SEC will try to go after them for that are going to be too far reaching, and it will get shut down by a judge or a jury will find in their favor. There are some other things that Coinbase has probably crossed the line on. They have been warned and kept at it, just because I don't think but sticking ETH is a bad thing outside of the fact that it's ETH, that still does cross the fuzzy line. If they were smart they would have formed and offshore corporation and let them deal with it. all law making it perfectly clear that it is not an American based investment and not regulated by American laws.
Don't know if they would be able to get away with that long term, but short term I have seen many places do it.
-Dave
I sure hope the SEC and crypto exchanges work together to ensure the industry grows without limitations. All of this mess makes the US a "laughing stock" compared to other crypto-friendly countries in the world. If Coinbase wins the lawsuit, then the SEC would have no other choice but to allow crypto exchanges to provide staking services to US-based customers. It might be forced to pay back Kraken's imposed fine of millions of dollars. Rest assured, that the SEC will find other ways to hunt down crypto exchanges claiming "it's protecting investors' interests". Let's see how this will play out in the long run. Hopefully, the US would revise its crypto regulatory framework to stay at the forefront of innovation. Who knows if things will improve in the future? Just my opinion |
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Well we would lose those institutional investors we wanted to get in for so long. At your scenario there wouldn't be instant ban, as laws don't move as quickly we would have some time to prepare. But that prepariing would most likely be massive panic and people would try to escape out before fiat pairs would be banned.
This would lead to lack of liquidity and total price crash. Most likely lots of people would even short it with leverage. I could see we might go back to 2013-2014 prices. As that what was happening before legit investors came. There were few big whales but it was a joke compared to current markets.
In the end we would be coming back to roots. People trading p2p, hard to say how many people would do that but it would be way harder and charts wouldn't really exist as they are now.
Some people would keep trading altcoin pairs (not stable coins tho). This would totally be a nerd and geek game after that. Some might think it would be a step up.
Institutional investors/VCs are the ones keeping the crypto market afloat. Without CEXs, they will simply go away. This means that most of the money being poured into crypto assets right now, will vanish in an instant. Bitcoin will decline massively in price, as well as, altcoins. There will still be a way to trade crypto (P2P, DEX, etc), but I doubt the majority of the people will do the switch when such solutions aren't as user-friendly as an ordinary CEX. At least, truly-decentralized cryptocurrencies won't be going anywhere soon. The odds of a "full blanket ban" are slim, so there should be no reason to worry about CEXs disappearing anytime soon. Maybe restrictive countries like the US, China, and Russia will come to their senses soon? Just my thoughts |
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I would not be surprised if in the near future, the share of stablecoins in the crypto market will fall dramatically, and many banks that cooperate with these crypto projects will either close or stop servicing accounts that have cash collateral on them altogether. The era of CBDCs, the dreaded state-controlled tokens, is coming. These are even worse than stablecoins, and have absolutely nothing to do with real cryptocurrencies. States and banks will push this garbage into the crypto industry in every way they can.
Stablecoins proved to be a "failed experiment". They will eventually be replaced by CBDCs as governments push their agenda of a "Global Reset". People should stay away from stablecoins after what happened with Terra's UST stablecoin and USDC + DAIq. They simply cannot be trusted anymore. Not even Tether (USDT) with its shady practices. You're better off turning your crypto into real cash for complete peace of mind. The future lies on decentralized cryptocurrencies that are independent from the current banking system. Not stablecoins that can fail or can be easily manipulated at will. Who knows how long does USDC or any other stablecoin has before they become history? Just my opinion |
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Which are the best crypto exchanges that doesn't require KYC? Aside from DEXs (decentralized exchanges), I'd want to know if there are any centralized exchanges that don't require you to verify your ID to trade crypto. Something like Shapeshift (instant exchange), but without the KYC part. I know this is like finding a "needle in a haystack", especially when governments have tightened regulations against crypto/Blockchain tech. Any suggestions and/or recommendations would be greatly appreciated. Thanks in advance. |
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The SEC threatened Coinbase with a lawsuit if it doesn't comply with securities laws. According to the US agency, PoS coins are unregistered securities. Coinbase decided to ignore the SEC warning and continue offering staking services to US customers stating that "staking is handled by decentralized protocols". It's likely there will be a lawsuit between the SEC and Coinbase soon. If the lawsuit becomes a reality, which do you think will win? The SEC or Coinbase? The US has been tightening its regulations towards the crypto industry, so a win by Coinbase could bring some "relief" to US-based crypto exchanges. Your input will be greatly appreciated. Thank you. |
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If major countries around the world decide to reject crypto/Blockchain tech sometime in the future, there's a high probability CEXs (centralized exchanges) will cease to exist. They will shut down their operations as crypto is declared "illegal" for mainstream use. Without an on/off ramp to/from the Fiat and crypto worlds, I wonder how would the industry survive? Will a world without CEXs mark the end of crypto? I know crypto is decentralized, but the truth is that CEXs provide most of the liquidity of the market. DEXs are "second-hand" options that have their own set of issues. Either mainstream adoption for crypto/Blockchain tech starts to decline, or all the other way around. We've seen how exchanges have been "closing up shop" in the US due to strict regulations. What makes you think other countries will tighten regulations especially when they claim crypto can be used to avoid sanctions? Your input would be greatly appreciated. Thank you very much. |
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Without a doubt bitcoin is better than fiat, however those at the very top benefit from having such an unfair system in which they can abuse money printing and their political power to do whatever they want, and it is unlikely they are going to be persuaded to change their ways, so they see in bitcoin an enemy that must be destroyed or at least tamed so it does not become a threat to them, this is why we are seeing so many regulations against this market lately, as those powerful people are worried they have pushed the economy too much and people begin to adopt bitcoin as a way to protect themselves from their manipulation.
We know for sure banks won't give up "without a fight". They will cooperate with mainstream governments to try to bring down the crypto industry for good. Their chances of success will be low thanks to the decentralized and censorship-resistant design of crypto/Blockchain tech, but they will certainly make an impact in terms of mainstream adoption. Regulations will continue to increase until crypto becomes "weaker" against Fiat. There's no reason to worry about this, especially when crypto was never meant to replace the traditional banking system. The recent collapse of major banks in the US and Switzerland will only become history, as they become bigger and stronger than ever. Crypto (especially Bitcoin) has come a long way since its inception, so don't expect it to disappear anytime soon. Who knows if it lives alongside Fiat for generations? Just my thoughts |
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Another US-based exchange closes its doors to US customers. It's sad, because this tells us how strict the US is in terms of regulating crypto compared to other countries. I've used Bittrex a lot for buying/selling altcoins in USD, especially when Coinbase gave me a lot of headaches in the past. But this decision to "close up shop", will force me to look elsewhere. I just hope other exchanges don't do the same (Kraken, Binance) or the US will be left behind in terms of crypto innovation and mainstream adoption. I'd say this is all the CFTC and SEC's fault (especially the SEC). They've went too far by exceeding their authority. The SEC is now classifying every crypto as a security (except BTC), taking strict measures against crypto exchanges that provide services of unregistered securities. It's all a mess that will ultimately lead into a mass exodus of crypto companies and startups into the EU and other crypto-friendly regions of the world. Who knows what impact this will have in market prices during the short-term? Just my opinion |
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payment processed.
Got it. Thanks a lot! |
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It is unlikely that anyone will ever take meme coins seriously. In terms of utility, they are inferior to many cryptocurrencies. Meme coins are often created quickly and without proper due diligence, which can make them vulnerable to fraudulent schemes and scams. This can put investors at risk of losing their money.
No one except Elon Musk and his followers will take "meme" coins seriously. They must be out of their mind thinking that such coins with hyperinflation are going to go all the way to the moon. SHIBA has barely touched $0.01, so what difference will it make if it becomes a privacy coin? If developers really want to make Shiba Inu useful, they're going to have to burn the token supply. Otherwise, don't count on SHIBA becoming as useful as BTC or ETH in the near future. Governments are targeting privacy-oriented crypto protocols and services lately, so it would be best for the project to go forward without privacy features. You'll never know when governments will pressure CEXs to de-list the aforementioned cryptocurrency. We already have Dogecoin anyways, so why should we care about another copycat/clone? Just my thoughts |
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The current issue with BTC is high transaction fees, so I rarely use BTC for payments, I usually use LTC or USDT with very low fees below 1$.
Transaction fees are no longer an issue thanks to the inception of the Lightning Network. Merchants can accept LN payments to save fees and reduce wait times. You'd be paying in "satoshis" instead of Bitcoin directly (although satoshis are fractions of a BTC). The real issue is unstable market prices in Fiat terms. But that wouldn't be a reason of concern if you use BTC as "digital cash" regardless of its Fiat value. Many people often view Bitcoin as an investment tool, so they panic when market prices go down for a short period of time. The only way this can be solved is if the current banking system collapses for good. Only then, the world will switch to the "Bitcoin Standard". Who knows if our dreams come true sometime in the future? Just my opinion |
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Decentralized exchanges will do well in coming years, people have seen how the SEC became a big headache for crypto exchange giants this year, the best time to switch for Decentralized exchnages is now, that's why projects like GMX, GNS, and others are growing fast In 2023, their TVL is very attracting, I recommend these two decentralized exchange if you are looking for a good one.
DEXs have their own set of issues, which makes them inferior to CEXs. I guess that's why the vast majority of people haven't considered DEXs as an alternative to centralized exchanges (CEXs). Developers are working hard to ensure DEXs become as comparable as their centralized counterparts in terms of user-friendliness and performance/cost-efficiency. It will take years, if not decades, before DEXs are perfected for mainstream use. If development continues, DEXs might overtake CEXs in the future. Crypto land is often unpredictable, so expect the unexpected. Just my thoughts |
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The people behind the banks have played really well and they have made the banking industry key to keep the current status quo, so governments regardless of whether they want or not will have to keep rescuing them despite the protests of their citizens, so banks have no incentive at all to be responsible when they can be rescued at any time and for any reason, so it is unlikely that decentralization will take over the world even if banks were to collapse.
Banks have the power to do whatever they want. After all, they're patronized by mainstream governments. If all else fails, banks can easily hit "the reset button", to drive the economy to their own favor. It's manipulation/corruption at its finest. With Bitcoin, it's another story. There's no central authority behind it, becoming impossible to change its supply at will. It's one of the many things that makes Bitcoin better than Fiat. I think BTC and other cryptocurrencies are set for a rally as central banks increase their balance sheets to prevent another collapse. People are starting to distrust these powerful entities, so it should only be a matter of time before crypto/Blockchain tech (especially Bitcoin) takes over the world. Who knows if early adopters like us will become extremely lucky in the future? Just my opinion |
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