Post
Topic
Board Bitcoin Discussion
Re: FTX drama stressing people for no reason | How to stay neutral
by
LittleBitFunny
on 01/12/2022, 09:00:15 UTC
~ I believe all of us here are continuing to use centralized exchanges because we have no other choice. ~snip~
Not really, until now there are still people who are not connected with centralized exchanges at all. They just keep Bitcoins in their private wallet, but I don't know for how long. It seems they're long-term traders, at least that's what I think.

Yes, not all of us, there are still some people who prioritize privacy, and they are just holders so there is no reason for them to use a centralized exchange. But in this market 90% are traders and they make profit every day through trading, how do they make profit if not using exchange? not to mention new investors will definitely look to exchanges as that is the easiest way for them to access the market. The trends, the projects, their ultimate goal is to be listed on the major exchanges, that's why I say that getting rid of centralized exchanges is impossible.