Bitcoin btc getting a good dip, who's gonna btfd? (I can't, since I'm all in, lol) It's been going down hard since this tweet from Brian Armstrong, CEO of Coinbase, and past 10 minutes some stops were triggered or something...
"This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet." It's impossible for the exchange or the sender to know which kind of wallet they're sending to. Whichever retard proposed this doesn't understand the technology. 0% chance of this regulation actually passing.
It will create confusion for sure. Anyone using Coinbase app as a bitcoin/crypto wallet, would face some clear hardships, for example, you want to pay your friend that $100 in bitcoin? You'll need to get his personal info (good luck with that) before you can send to his Ledger wallet. How about paying a bill to a local bar that accepts bitcoin? Coinbase already has KYC/AML on their US customers, so best thing would be for the customer to only withdraw to his/her personal wallet first, but then always be aware that the address has your name and plausible deniability won't be possible on any future transactions from that address or other addresses on the same wallet that may use change addresses and linkability of inputs when sending out. It's a mess no matter what. Dexes and atomic swaps will become popular...
when btc started trading on CME exchange on Dec 17, the opening price was 20k. yesterday price almost hit 20k. those who bought BTC on Dec 17 were eager to cut their losses.
Looks like hitting $15K on the poll might be the winner but not quite there yet. Price was not "almost" 20K yesterday, I refresh constantly, it was on the very low end of 19K and in 2017, the price of btc was above 19K for less than 24 hours and no US exchanges printed 20K. Current price of $17K is the same level it broke on the upside a week ago..
What comes next for Bitcoin: $25,000 or $15,000? Who cares? It's a long term play. Go up, do nothing. Go down buy more. Cash out in 10 years and give the money to your kids.
Conspiracy theory: The NYT is coming out with an article about Coinbase and with this rumor, they are trying to manipulate the market before that.