6 months ago, my savings went down because of the FTX debacle. I've never used FTX, I've never been a customer of this company, but my savings are in BTC, and because of that failure, BTC's value went down, and so went my savings.
Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.
Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.
Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.
Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.
That's because people consider crypto as an investment. Not as a tool/technology/currency you can use to achieve financial freedom and sovereignity. It's all about making the most money within the shortest time possible. Wall Street got its hands into crypto/Blockchain tech, and totally ruined its true value proposition. This makes crypto no different than ordinary stocks. That's why you see how CEXs can either positively or negatively affect crypto market prices in an instant. Imagine if all CEXs are banned from the face of the Earth. It would be game over for the crypto/Blockchain industry as a whole. There's nothing we can do about this, other than "go on with the flow".
What really matters is that crypto stays decentralized so it could stand the test of time. Governments will continue to battle against crypto, but they won't be able to succeed if decentralization is in the way. If everything goes accordingly as planned, crypto (especially Bitcoin) will be able to live alongside Fiat currencies for generations. Who knows if acting now will make you filthy rich in the future? Just my thoughts
