51–60 of 310 posts
Earlier quoted context omitted.
It's also a circuit breaker for regular brokerages too :)
Except Crypto isn’t regulated like stocks, so what your likely seeing is the exchange themselves shutting off service to lock in their customers while the exchange liquidates its positions.
How is this ok? A market crash multiple exchanges go down and/or withdrawals certainly become very hard - this was submitted earlier to hn about Binance: https://www.reddit.com/r/binance/comments/nea291/weekly_bina...
Earlier quoted context omitted.
It’s what happens when the entire vehicle is speculation. I know the plan and the desire is for Bitcoin to be used as an alternative payment method but it isn’t fit for purpose. The people investing in it are doing so purely on a speculative basis, so you’d better believe plenty will cash out at the first sign of a dip.
Can you please point me a source where Bitcoin is "desired" as a payment method? It's seen more of a store of value, not used for paying for everyday things.
CoinmarketCap is also down. https://coinmarketcap.com/
How is this ok? A market crash multiple exchanges go down and/or withdrawals certainly become very hard - this was submitted earlier to hn about Binance: https://www.reddit.com/r/binance/comments/nea291/weekly_bina...
Could it because of T+2 settlement?
Edit: Also: Since most people need USD to get Bitcoin (or other coins), doesn't that mean all cryptocurrencies are inherently gold-backed and rely on the value-store of gold? (Excuse my naive question. Again; I'm a newbie).
deleting due to quality of replies
deleting due to quality of replies
Earlier quoted context omitted.
Except Crypto isn’t regulated like stocks, so what your likely seeing is the exchange themselves shutting off service to lock in their customers while the exchange liquidates its positions.
Who are they liquidating their positions to if they are shutting off access to exchanges? Every seller needs a buyer.