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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5 years is a long time but man we are only talking about a meme coin here that mostly rely on hypes for it to pump but when it pumps it can hardly reach 1 dollar or 2.
I think I can believe more on that tweet last time of the guy who claims that Bitcoin will be at 1 million dollars within 3 months even though it's also kind a crazy but at least Bitcoin have some past experience already were it shocks people hitting prices we never thought it can hit and sometimes its values move quickly (thanks to its highly volatile state.) but back in doge again, even though some big companies supports it, I still doubt that $20k for Doge coin is possible. The highest it can get is maybe 1 dollar.
Most people think Dogecoin is a way to "get rich quick", so they will make wild predictions about its market price without truly understand how it works. Developers made DOGE an inflationary cryptocurrency, so don't count on seeing high prices anytime soon. It's not only inflation, but it's the fact that there are billions of DOGE in circulation which makes matters worse. Considering that Dogecoin's ATH was around $0.70, there's a slight possibility it could reach $1 by the next bull market. But I doubt it will retain such market prices, especially when there's no substance to it. The crypto market is widely unpredictable, so we should expect the unexpected. Who knows what would of DOGE 5 years from now? Just my thoughts |
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Investing in Bitcoin is low risk. On the other hand, investing in Altcoins is very risky. But still people are willing to invest in altcoins. Because people like to get hidden gems. Some altcoins pump 100% or more during a bullrun and this acts as a triggering factor to invest in altcoins.
That's certainly true, mate. Altcoins are a high-risk, high-reward investment, while BTC is all of the contrary. People often choose altcoins that are "new to the scene" with the hopes of getting huge returns in the long run. Sometimes it works, while other times it fails. I'd say altcoins are more of a gamble due to their highly-unpredictable nature. Besides the fact that most altcoin projects are scams, some of them are unreliable for serious day-to-day payments (eg: Solana). I'd suggest you invest wisely by diversifying your investment into more than one cryptocurrency. Only then, you'll be able to minimize risks of loss as much as possible. Who knows if you get lucky by the next altcoin surge? Just my thoughts |
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We can never guess as there are playing hands behind these two meme coins, once they start to pump the coins we will see huge movement that may magnet and attract investors to invest in and join the ride.
All you need to do is to make sure that if you'll going to make your investment you are willing to take 'the
risk and you are willing to wait for longer time.
"Meme" coins are prone to extreme manipulation by whales. They're definitely not worth the long-term investment. If you get into a "meme" coin like Shiba Inu, then get ready to lose big time. It's only great if you want to make quick profits during the "ups and downs" or if you want to use it for microtipping/micropayments. There are far better options on the market that are much scarcer, reliable, and useful for day-to-day payments. I'd choose ETH or any other altcoin with a proven track record of development and innovation, instead of a worthless coin like SHIBA or DOGE. You'll never know when these last two cryptocurrencies will go to $0, leaving you "rekt" in the process. People are free to do whatever they want with their money, so time will tell us the fate of SHIBA INU in the mainstream world. Just my opinion |
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We can not control bitcoin unless you have more than 50% ownership of the bitcoin. But there is nothing like that. Altcoins are following bitcoins due to money distribution. Because most of the owners of the altcoins are investing in bitcoin. When they get some profits, they will invest in altcoins. So the altcoin prices will increase.
Not 50% of the coins, but rather 50% of the network's hashrate. There's a difference between ownership of coins in a PoS blockchain, and control of network hashrate in a PoW blockchain. Bitcoin is a PoW coin, so it can't be easily controlled by big players in the industry (mainly exchanges) unlike PoS coins like Ethereum and Solana. What can be controlled is the crypto market itself. Whales have a lot of money "to play with", so they will move market prices either up or down depending on their needs. It'll up to you to play your cards right by buying/selling at the right time. As long as Bitcoin stays decentralized, nothing else matters. Just my thoughts |
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DAI de-pegged is the one that concerns me the most, Maker team has a chance to truly decentralize itself with this USDC mess, but the team decided to stick with USDC. The issue here is that we have not seen truly decentralized Stablecoins yet, there has been a lot of experimentation around this but none of them has been a true success, with one shortcoming from another, I just hope that this cycle we will see a truly decentralized Stablecoins. DAI team seems to be contented with their success so far and there has not been any improvement from them.
This tells us that no stablecoin can be decentralized if they depend on the centralized banking system to survive. After all, Fiat is centralized. This brings many single points of failure crypto/Blockchain tech was meant to avoid in the first place. People are starting to distrust stablecoins after the Terra UST implosion, and now, the USDC & DAI de-peg. Things appear to be back to normal, but the damage has already been done. Regulators need to weigh in the industry to help prevent another crisis from happening in the future. Only then, investors will feel confident on stablecoins as a true alternative to traditional Fiat. Who knows what would be of stablecoins in the long run? Just my opinion |
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This has nothing to do with those companies that you mentioned. When they collapse the stable coins can hardly be affected but even if they don't, the stable coins can still collapse in their own if they experience an issue related to the banks or on how they store their reserves like what happened with USDC last time.
So many people are bitter with Tether and said it will go to zero but Tether just proved them wrong. Other stable coins are already collapsing but Tether remains to be strong and I bet so many people already transferred with it. In case Tether fail, I don't think it will make the whole crypto crash. See what happened to USDC? In fact the market have been pumping that time.
Tether hasn't failed yet, because Bitfinex is artificially keeping the $1 peg on the market. It must be doing something shady that will eventually blow off after a deep investigation by the authorities. If USDT goes to $0, the crypto market could either "pump" or "dump" all the way down the drain. I think a huge "dump" would be the most likely scenario, as USDT is the biggest stablecoin on the market. But I cannot say this with certainty, due to the unpredictable nature of the crypto market. People are better off converting their crypto to USD, instead of a stablecoin. It'd be advised to proceed with caution, especially after the collapse of 3 major banks in the US. No one knows what the future holds, so we can only hope for the best. Just my thoughts |
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Decentralized exchanges are becoming popular nowadays. Currently the number of DEX is also increasing day by day. But I would still put centralized exchanges ahead of DEX. Trading on CEX is easier than DEX. Also some CEX like Binance, Kucoin can do P2P trading which is not yet possible in DEX.
Isn't "atomic swaps" some kind of decentralized P2P trading? You just send one crypto to another person with the hopes of receiving the other coin in an automated manner (all through the Blockchain). The only downside is that you can't trade Fiat like you do in a traditional P2P exchange. But who needs Fiat, anyways? DEXs may have their own set of issues, but they're still a safer choice than trusting a CEX with your hard-earned money. I believe governments will tighten crypto regulations which will result in a stricter set of rules for CEXs. People are already starting to become skeptical of CEXs, so it should only be a matter of time before adoption for DEXs increase like crazy. Who knows if someday DEXs will become as comparable as their centralized counterparts in terms of user-friendliness and cost-efficiency? Just my thoughts |
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It is not accurate to say that people are necessarily switching their money to Bitcoin as a result of recent bank collapses like Credit Suisse and Silicon Valley Bank. While cryptocurrencies like Bitcoin may offer an alternative to traditional banking, they are not a direct replacement for banks and traditional financial systems. The decision to invest in cryptocurrencies should be carefully considered and based on an individual's own financial goals and risk tolerance. While some individuals may be turning to cryptocurrencies as an alternative to traditional banking, it is unlikely to be a widespread trend at this time.
Exactly. Even though Bitcoin is decentralized, that doesn't mean it will replace the traditional banking system in the long run. Governments simply won't allow a currency outside of their control to take over the world. Besides, there are a lot of people that are still skeptical about Bitcoin. The volatile market prices and uncertainty surrounding the crypto industry, makes people think twice before using Bitcoin on top of Fiat. While the banking system is beginning to collapse, that doesn't mean it's the end of the world. Governments (especially the US), will eventually bail out banks to restore confidence into the economy. As long as they control Fiat, they have the power to do whatever they want. I wouldn't be surprised if we experience a "global reset" just to pave the way for CBDCs to take over traditional Fiat. No one knows what the future holds, so we can only hope for the best. Just my opinion |
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