FTX And Bitcoin: The Good, The Bad And The Ugly

If you comprehend Bitcoin, you likely understand that this is pretty considerable news and might be one of the finest, if not only, good outcomes from this whole debacle.Price suppression through “paper bitcoin” has long been a point of discussion in specific Bitcoin circles. The more people who take self-custody, the more individuals who not only reduce their counterparty danger of losing their bitcoin, but also lower the capability for exchanges to release paper bitcoin IOUs. We require to take this chance to lead and to teach.As Ive composed currently in past pieces, I narrowly prevented losing whatever to the Celsius collapse previously this year, simply months prior to I started writing for Bitcoin Magazine.

2 days back, cryptocurrency news firm CoinTelegraph reported that $3 billion worth of bitcoin left exchanges in the week preceding the publication of that on 13 November 2022. If you understand Bitcoin, you likely realize that this is pretty significant news and might be one of the best, if not just, good outcomes from this entire debacle.Price suppression via “paper bitcoin” has actually long been a point of discussion in specific Bitcoin circles. The more individuals who take self-custody, the more individuals who not only decrease their counterparty danger of losing their bitcoin, however likewise reduce the capability for exchanges to issue paper bitcoin IOUs. Its circumstances like this that breed the next generation of self-custody bitcoin maxis. We require to take this opportunity to lead and to teach.As Ive written already in past pieces, I narrowly prevented losing everything to the Celsius collapse earlier this year, just months before I began writing for Bitcoin Magazine.

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