Given the issues with the exchanges and Binance under FTC investigation, how optimistic are the crypto traders? If Binance falls, will you continue to trade on the Chinese exchanges? Chinese relations aren't all that great, right now, and could degrade. Are you scared of stranding capital in crypto?
This is definitely a watershed moment, with FTX going down and Binance being the last man standing, its essentially the big flush needed for the bottom. There has been a huge outflow of funds from Binance this past week, and they have met all the redemptions, so that is good, but Crypto as a whole is greatly out of favor here. Just like the previous bear markets in crypto, its going to be some sideways grind and most people just give up, and then when speculation comes back, crypto will be the risky asset that gets attention again.
Ok, so here I am, a newbie who wanted to start trading crypto and now you're telling it may all go down? that's interesting
markets go up and down, its just the normal thing to do. But we are definitely closer to the down part right now. Much better to scoop up things here than at the tops.
