A completely irrelevant point, for reasons I dont even care to discuss, cause this is redundant. Just drop it. You're right, Im wrong.
I'm one of them I have KYC onram/offramp accounts with Kraken, Gemini, Coinbase, Robinhood, PayPal and possibly soon with FTX. us and Binance.us I don't see a problem with KYC accounts, they are great for getting fiat in and out of the cryptos assets
You know what? I'd rather have the ID onramps/offramps as you call them. I have no compunction against giving my ID. It is about much more than that. Hell, I have nothing to hide. Do you? ID away. It is just one more step to prevent another 9/11. Obviously you have never been through that shock. ID away babe!
You do realize that part of the reason blockchain technology was created is freedom of movement, right? Not to be limited by government regulatory bodies. Why are you assuming that Im avoiding KYC? Instead of reading between the lines, and recognizing that many do not even have that option available to us in the first place for the vast majority of the CEXs. And hence my overall point, it's very clear who really is in charge, why exactly that is and what the trend is. A key reason why many are attracted to the crypto markets is to not deal with the regulations of tradfi. Being able to quickly open up an account, move your funds freely and have privacy/anonymity. So while you're scared of the 9/11 terrorist boogeyman that Big Brother has brainwashed you into believing, most just want those liberties preserved.
FTX.us and Binance.us are feeble shells of the .com versions. You actually should look into setting up an offshore entity to get proper access to them.
I'm interested if they ever bring their degen products from overseas to the US versions, i.e. perp futures or 100x leveraged short/long , ftx and binance dot coms respectively I'm more of a crypto defi degen and yield farmer and trade on dexes, and bridge to other chains, Fantom, Aurora, BSC, etc Same as you and other crypto people here? And i'm really more of a medium to long term trader, hodl for 1 month or longer usually -------------- Btw, did you get any piece of that Celsius over 1500% move from the bottom 15 cents 2 months ago? Plenty of liquidity. Short squeeze was the story I keep seeing on CT Coulda, woulda, shoulda for me, I was going to get 100,000 CEL tokens at 20 cents, but changed my mind due to Celsius bankruptcy and crypto winter gun shy, risk-averse on capital deployment CEL tokens are not shares on the company, so trades on momo and meme and trending reasons
Made a few trades on it catching the ride, but nothing serious, it's kinda risky cause at any moment the real CEL supply can be dumped on the market. The short squeeze is impressive though. Prob a great short now, cause apparently Mashinsky started moving his CEL coins and selling. FTX.us doesnt even have CEL, lame. The US versions are such subpar products. That's basically my point, perfect example of the KYC regulation wonders which just end up screwing over USA traders/investors. You have plenty of capital, it's well worth your while to set up a crypto hedge fund entity offshore and get full access to the crypto markets. Some DeFi platforms are already region locking and clearly warning that they prohibit access to US residents. Also, most IDOs do KYC strictly to eliminate US & China residents.
Mashinky been selling CEL tokens lately causing pullbacks. Probably need it for defense lawyers and other expenses. He used to have 100 M CEL tokens, gave $20M worth to his wife and also some to his kid(s) before end of 2020, supposedly to take advantage of some expiring Trumb gift tax loophole Around that time, he also threw 50M CEL tokens on a Uniswap LP, supposedly to provide liquidity on the DEX, but as you know, that's another way to sell CEL (no pun) via accumulating the other token (Eth?) of the LP Anyway, on a meaningful pullback, I'd like to throw some $$ on CEL tokens hope it goes down to low $1 range. Celsius, the company, owns over 60% of the circulating supply, with the company in BK proceedings, cannot dump those CEL tokens or the Judge will put them straight to jail, so those tokens are locked up (no pun) on a long(?) BK process FTX degen traders short perp CEL futures are going to keep getting liquidated as fuel for CEL to the moon --------- I don't have that much funds. Cash is for feeding the family with kids, literally, to survive the crypto winter until the next cycle Looking back at this cycle, I could have made enough correct moves and cashed out with an 8 figure or close to it, but alas, even on this 3rd cycle, I made plenty of mistakes. Plenty.... But I did ok, I know it could have been a lot worse. So moving on and waiting for the next bull market cycle which could be soon just need Uncle Jerome to pivot for sure ------- I like defined losses even on my leveraged positions (i.e. MSTR LEAPS call options). I'm risk averse so a hedge fund where I cannot see maximum loss on a trade is not for me but as you mentioned there are other benefits to having access to offshore not open to US folks, was checking out the SFund website recently IEO/IDO
Yup, definitely going long CEL tokens if I can get it cheap enough A 5-figure trade attributed to Mashinky is the kind of psyop to trap the FTX perp shorts 5 Million tokens left on the wallet? Yea, it's a lot but not that much I could see Mashinksky and friends talking about making small sell trades of CEL tokens from those wallets to scare off a sell off, then go long on perp futures at FTX 2x $ volume on perp futures vs spot over 24hr period https://ftx.com/trade/CEL-PERP