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What causes this market decline?
You've said it already.
- Centralized exchanges having a problem with the SEC (particularly Binance).
- Robinhood stopping the support from different altcoin such as SOL, ADA, MATIC etc.
I'm not hoping for a positive thing to happen anytime soon, but if that happens then it would be good. On the other hand, I want to see the market to be in downwards movement even more so that I can accumulate more coins at a discounted price.
What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?
Downwards movement of cryptocurrency = opportunity for us long term holders.
This is what I always think whenever I want to invest in crypto. I will not say that the market might go down even further after this one, but I guess it's a good time to buy some coins for short term profit, or maybe long term.
Does anyone know if there is a chance that the USA government will ban crypto or not allow any exchanges to sell bitcoin?
I don't see it happening, and in order for that to happen, they need to create a law which states that the USA isn't allowed to use cryptocurrencies. There might be some who are against it, I believe that more are either neutral or pro into Bitcoin.