What an eventful week it has been regarding cryptocurrency exchanges! We witnessed CZ stepping down, Bittrex announcing the suspension of its operations starting from December, and Kraken facing a significant lawsuit. There are a few key points to consider:
1) Is the recent decline in exchanges' fortunes a result of natural market forces or deliberate manipulation? This question might seem rhetorical given the circumstances.
2) With Bittrex shutting down, many users are left wondering where they will migrate their activities. Have you made any decisions regarding your future exchange of choice?
3) Could these exchange-related developments potentially trigger a major unforeseen event (a "Black Swan" event)? Or will the approval of a Bitcoin ETF override all other concerns and become the focal point of attention?
1) It's always like this. Whenever we're approaching a bear or bull run, there's always some force and events that happens that starts the scene. But on this one, these are seems to be said as manipulations. But for me, these are way normal things being scene on the market just like the old times that when the bull run is about to come, some news explodes be it negative or positive.
2) I have already made a decision and that is to jump from one to other and this is the survival kit that you need to stay longer on this market. Because you'll never know if they're going to be as good as they can be. Remember bittrex was once at the top, so the same can happen to the top exchange stoday.
3) Porbably. But don't look at those, they're just like another factors that will make the bull run because it is still centering to Bitcoin's halving.