That is not correct. Bittrex has always had the intention to offer people actual fiat trading, but for that to happen they had to clean up their exchange and become compliant enough to do so.

Abiding by government based regulations isn't enough because they also have to please their very demanding banking partner at the same time, so you can imagine how difficult it is not to do what Bittrex did.

Could they be more transparent about the whole situation and handle things differently? Sure, but we shouldn't forget that it was an unregulated exchange not giving a shit for years.

Going from shitcoin exchange to a professional platform requires some serious adjustments. They seem overly concerned to almost paranoid to not mess up somewhere in legal terms, but it unfortunately goes at cost of their users.

Shitcoins yes, but there is a select few that do keep going up and follow Bitcoin at least based on their fiat values, and that while their BTC ratio value continues to make lower lows or just bounces between a firm range for years.

People trading altcoins versus Bitcoin either need a massive altcoin pump to happen or Bitcoin to lose a lot of value, otherwise it's just not worth trading these back and forth.

Focusing on just the price of an altcoin is already a difficult task for people, but now they also have to focus on what Bitcoin is doing, which mostly works against you because Bitcoin is bullish most of the times.

Charts are powerful tools if there isn't anything else to look into and get a value figure from. If the technicals improve, investors start to open up positions and follow whatever happens from there.

Gold is pretty much the same. Its industrial demand in no shape or form decides the direction of the price-- speculators just follow the charts until geopolitical drama makes safe haven investors take over for a while.

The moment Bitcoin's charts started to look better/healthier the price kept going up because it made investors stop being super bearish and pull the trigger and long Bitcoin.

People thinking like that guy are dumb and short sighted. You have to follow what smart money is doing, and they are accumulating even at current levels preparing for the next leg up.

If you worry about making early investors rich then you can't invest in anything, because by that logic you're always too late, whether it's a stock, property, bar of gold, an artwork, a watch, and so forth.

And then we should ask that guy what his definition of rich is. The amount he thinks you need to be rich might be pocket change for others. People here never fail to surprise me with their stupidity.

Peter Schiff is smart and a man with a plan. He uses his authoritative position to convince people to buy spot gold while most of his exposure consists of stocks of gold miners.

For every 1% that gold increases in value, these stocks go up like 2-3%. In an interview he even admitted that these stocks account for the main part of his portfolio, which just points out how hes only driven by greed.

He knows that gold will not reach $5-10k unless the dollar undergoes hyperinflation. He's just trying to pump his stocks because they function as a leveraged investment tool during actual spot movements.

It's a bit over the top, but during a bull/fomo run the low supply of Bitcoin is helping it to reach levels you don't think are possible to be hit. I have seen how dry the order books were during the 2017 bull run.

In order to buy a few hundred coins at once you needed to buy the price up by 5%. I also remember having seen the local exchanging services here were out of coins and offered people 10% over spot out of desperation.

In 2017 the price peaked at $20k but it could have gone well past $30-40k too, and maybe more if exchanges didn't need weeks to process verification requests. Bitcoin can do crazy things.

Come on, we all know what the main reason is for an exchange token to exist-- they have all the tools available to them to make/force people to use that token, which then automatically translates into a price surge.

It's a smart move business-wise, that I don't deny, but whenever these exchanges lose popularity or implode their token will become worthless. It's nothing like a decentralized crypto. It's somewhat of a legal scheme.

As far as fees and scalability goes, BNB doesn't have any obstacles to scale when needed to keep offering near free and near instant settling transactions. It works until it doesn't, but I'm not the one taking a risk holding it.

For some people maybe, but the majority is still valuing their fiat currencies in their bank account more than the paper value of the coins they think to own but are stored on an exchange for who knows how long.

The fact is still that spot exchanges depend on banks for fiat deposits and withdrawals, and abide by all the terms the banks comes up with in order to not lose them as banking partner.

Banks are still the main leaders in the game, and that by far. People here get excited the moment the price pumps, why? Because they can sell their coins to fiat to withdraw it to their bank account-- this for people is profit.

BitMEX and Deribit already stopped accepting US customers. The thing here is that they know that people who are serious about trading on that platform will use a VPN and bring in the liquidity.

The few noobs with their 0.001BTC who will no longer make use of these platforms won't be missed at all. I would say that this is a convenient way to free up some bandwidth without any serious consequences.

People also like derivative platforms because they allow you to long/short shitcoins without actually owning them. It's an easy way to ride their massive up and down swings and go further by adding leverage.

No way people will abide by whatever the US government says. Long live VPNs and non KYC derivative platforms!

They say that Bitcoin isn't and will not be a currency, yet they often refer to it as the currency of the underworld. I don't think they'll ever stop with this nonsense, not even when Bitcoin is worth $100k a pop.

Overall, anything can and will be used for money laundering as long as it convenient and there is demand for it to have it be accepted worldwide. Bitcoin naturally checks these boxes. Not a big deal in my opinion.

Bitcoin is the currency of freedom, and this means that whoever the entity using it is, nothing can be done to prevent that entity from doing so. It shows how powerful Bitcoin is.

I think that Schiff will roast Bitcoin the moment it drops below the value when he received the funds. This guy just isn't clean-- he probably hopes it goes down by 90% rather than go up by 1000%.

I prefer to see him act like a frustrated nocoiner each time Bitcoin touches newer highs-- he recently said that he doesn't believe that Bitcoin will break its current $20k all time high, and I'm pretty sure he means it.

It's an utter waste of time and a precious asset trying to donate him Bitcoin in the hope that he stops being the anti Bitcoin jerk he has always been. There are better ways to utilize funds....

Even with a high degree of profit potential, way more people lose money than make money-- there is no shortage of altcoins with massive potential upside, but where are you? You probably end up buying the top.

People need to stop focusing on making tons of profit in a short period of time. If you care less about profits you'll make more because you're less likely to dump whenever there is a 20% surge.

If you believe in a project, hold it firmly and stop looking at its price so frequently. I know it's hard to do in the crypto world, but this is the way to go. Those who keep refreshing charts are mostly the losers.

It doesn't matter what people expect-- the hashrate can't go higher than there being miners in circulation. The far majority of the miners in circulation in 2018 were purchased in 2017 due to the bull run.

The correction that we went through last year made investors stop buying new miners, therefore the hashrate wouldn't go up more than what it already was. The market looked like a complete mess.

This year the market looks extremely healthy, and this is what investors want to see in order to buy miners. This is why we keep hitting higher hashrate highs pretty much on a weekly basis now.

People already somewhat did when the price touched $14k very recently. I saw how people were upset about not having bought at $10k while they had the chance. It also happened back in 2017 during the bull run.

I wonder though, how much liquidity was there available to you when you bought Bitcoin for less than a dollar? I'm inclined to say very little because of how there were way fewer coins mined at that point.

I have seen a few old videos where people were buying Bitcoin at ridiculously low prices and the sites only had like 100-200BTC in their reserves. In other words, buying 10k Bitcoin under a dollar a pop was very difficult.

Coindesk uses various exchange to fetch pricing data from, so if one of these exchanges is down for whatever reason, their own index might not function correctly anymore and show invalid pricing data.

I doubt it. Flash crashes are called that for a reason-- bots buy up the market as fast as it went down. It's a dream for people to buy Bitcoin at double digit rates, but more than a dream it will not be.

Also, there are so many exchanges around the world that it's near impossible to see every single one of them mess up somehow and go doww. That's the beauty of how distributed the ecosystem around Bitcoin is.

Pompliano has some skin in the game with how he is quite regularly talking to large institutions and wealthy individuals. If they are slowly investing in Bitcoin, which might very well be so, then this could be the basis of his prediction.

If it was Tom Lee I would have a laugh and roast him, but Pompliano has been quite spot on with his price targets in the past, probably also because of his contacts. If you know deep pockets are going to unload, it's easy to predict price movements.

I personally think $100k before the end of 2021 comes too soon, but Bitcoin has surprised me more than once already so it's not that I rule it out completely. I'm happy to admit being wrong in this case.

Physical Bitcoins aren't meant to be sent from country to country, but spent locally in a manner that replicates the characteristics of what makes cash such a useful means of exchange.

The benefit is that transactions are as anonymous as cash transactions because the coins don't actually move, which means that nobody other than yourself and the person you transact with knows that a transaction took place.

People use physical Bitcoins to transact already, so I'm not sure why you are so negative about it. It's extremely niche still, but I have seen enough to know that it can and already works.

I'm sure it will suck for the traders affected, but that's what you have to accept being potentially subject to when using an exchange-- exchanges have proven to be unreliable themselves, and there is Cloudflare too that can mess up.

I think the main problem is that people get worried that the exchange is hacked and is down for that reason. One unexpected outage and there is a fud storm on social media until the exchange is back online.

It's pretty shocking how one entity such as Cloudflare can have that much impact on the global internet with how sites become unavailable. It's an easy target for governments to filter all our data if they so wish.

This reminds me of how various banks (IIRC it was also playing out within the UK) no longer allowed their clients to buy crypto with credit. People will have less and less of a say as time goes by.

For every negative there is a positive, which in this case is indeed people being steered by ridiculous policies to buy spot. The less CFD and futures that aren't backed by the underlying asset the better it is for Bitcoin in my opinion.

All these non backed CFDs, futures, ETFs turned gold's market into a pile of rubbish. The ratio between spot gold volume and derivative volume is beyond insane-- 1:50 / 1:70 isn't uncommon.

Developers are people too, and they have their side projects they work on. It's perfectly fine considering that it doesn't lead to any problems at all, and it may be a great thing too because it makes you focus on other things.

I haven't seen many developers constantly working on one single thing. Just imagine yourself doing the same thing over at your job all the time, it would piss you off and you will go to your job unhappy.

Exactly that. Some developers don't gain a single penny for their contributions-- the passion and the goal alone is already enough to keep developers dedicated to Bitcoin. Where else do you find that in crypto?