Quote from: LittleBitFunny on December 01, 2022, 09:00:15 AM

Quote from: Antonas1 on November 28, 2022, 12:53:49 PM

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.

Yes, I agree with you, even though the 90% figure is a little weird for me, haha. Shouldn't 100% of the market be traders?
And the past few days I've been thinking that their real goal isn't doubling BTC but increasing their fiat money fast through Bitcoin and altcoins trading.