For who? Are you suggesting certain people are being rejected based on their nationality? Or the over all economy?
sounds sketchy AF alot of exchanges that were doing fractional reserve are going to be exposed and go under (Celsius is already done for) not your keys, not your bitcoin get your bitcoin off of exchanges and into self-custody
Celcius wasn't doing fractional reserve, but they were locking up their assets. They still have all their Ethereum, but they staked it for the Merge and so if people want to redeem, they can't. Still f***ed, but in a different way. I wonder how El Salvador is doing these days? Are they still buying the dip?
Cryptocurrency started in 2009 in the 13 years of their existence, cryptos have crashed 4 times, all in the last 10 yip, a pattern is developing this has been an unsolicited corroboration of Warren Buffet's assertion that Bitcoins and the likes are "rat poison square"
This honestly feels like a correction - the power players are cashing in......and leaving the little guys holding the bag. DD
This is one of my many concerns with crypto, ie you get unlucky and are in the process of moving coins, and oops your exchange blocked the transfer to your wallet. If your timing is unlucky/exchanges suddenly block your withdrawals/owner loses keys (lol), it's bullshit. So then- with no exchanges to trust you can only transfer money to other individuals from your wallet, sounds great! I'm not against crypto and have traded/mined it over the years, but until there's a safe exchange that doesn't randomly pull this it's going to impact more people getting involved. I do agree with you that it should be stored on your own wallet vs an exchange but the whole process for a new person wanting to do this is sketch. Especially if it's someone brand new you're trying to teach during these times.
