Huh..! Really missing these days. $46000.
As things stand, you will miss those days for a long time, because so many people have been wanting the price to drop as low as possible for months, and then when it finally happened, they want it even lower - and I personally have nothing against going below $1000, because then everyone will can earn their first BTC only through faucets in case it is too expensive for them to buy it even then.
gawd... even the WO seems to be full of bears... bottom must be near
No more exchanges will fall.
I few pages back I posted kucoin's email to me their top 5 assets are 350 million in btc and 2.2 billion junk coins. including 500 million plus in kcs their own token.
"Dear KuCoin Users,
As the People’s Exchange, the safety and security of users’ funds are our top priority. As part of our dedication to transparency and to strengthen trust in the industry, we are taking the following actions:
1) As we have announced before, we are working on the Merkle-tree proof-of-reserves. The third-party auditor Armanino LLP , a leading audit firm requires about one month to complete the audit and we will publish the proof in early December.
2) We are immediately sharing details of our hot and cold wallet addresses. From day 1 of building KuCoin, we have been transparent to our users, and we are committed to continue with full transparency.
Here, see an overview of our hot and cold wallet addresses and their current holdings:
BTC ( 20,504 BTC)
ETH ( 180, 299 ETH)
USDT ( 1,075,909,241 USDT)
USDC ( 365,722,839 USDC)
KCS (69,601,075 KCS)
The snapshot was taken on 11/11/2022 at 7:00 UTC and does not represent all our holdings. Only major tokens on BTC, ETH, TRX , KCC, ALGO, ABR, OPT ,EOS are included. The full report of our audit will give even greater detail. In addition, we are staking 29,696 ETH as the Ethereum PoS node, and each node has 32 ETH on the address. Due to the excessive number of node addresses, we will not disclose them one by one here."
Only BTC is a real and true POW coin.
So the numbers above reflect 350mill good coin to 2200mill bad coin
and the KCS is 2x bad as they invented it.
I can see at least 1 or 2 more fails of exchanges in next 2-6 months.
The fed's won this battle they simply printed $$$ which devalued all the Dollar pegged digital coins.
Oh well.