Quote from: Cookdata on Today at 08:14:47 AM

Quote from: nelson4lov on August 15, 2025, 10:56:43 PM

~Snip

AFAIK, FTX collapses had nothing to do with Bitcoin, it was panic and fear of the exchange not liquid that hurt the price, the exchange token was worth billions became nothing. When the FUD was subdue, the price came back afterwards. The Mt.gox incident was what I can recall that hurt Bitcoin price and trust of excajan because Bitcoin were stolen but there has been ongoing gradual distribution as there is approval of court before another batch transaction will take place.

If exchanges are banned, there is no room to panic or run away. All they have to do is to allow people withdraw their Bitcoin it's as simple as that. We will pivot everyone back to decentralized exchanges as it used to be but the question is, are countries that dumb to run away from free taxes? I don't think all countries are going to comply. Bitcoin isn't an illicit asset to call for the ban of exchanges except if the exchanges are supporting activities that are illegal.

My reply was mostly about the price going down enough it never recovers to print ATH after ATH. When FTX collapsed, it was bad pr not just for crypto but for Bitcoin as well which was why the price went downhill. When mt gox hack happened and the FTX saga occurred, the government might move to ban exchanges as a means to ~~protect~~ stop bitcoin. Both incidents are similar to government shutting down the exchanges because mt gox got shut down. FTX exchange shut down too but bitcoin prevailed in all.

That was the point I was trying to drive home earlier.