Any Crypto Coin investors here? Can you explain this?

[Hobo Hilton]

Herein lies one issue of Cryptocurrency:

Crypto exchange Binance says will not accept cards of sanctioned Russian banks

Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted.

www.reuters.com

 

[IkeEng]

Herein lies one issue of Cryptocurrency:

Crypto exchange Binance says will not accept cards of sanctioned Russian banks

Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted.

www.reuters.com

The exchanges can be forced to block sanctioned persons from trading on their platform or just choose to do it on their own, but wallet to wallet transaction on the blockchain cannot be block as far as I know.

 

[Mr.BR]

Anyone in on the whole Crypto wipeout?

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[candyx]

Anyone in on the whole Crypto wipeout?

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Not really a wipeout because some people made a lot of money while other people lost all their money, capitalism is darwinism for money.

 

[NoDopes]

Not really a wipeout because ...

...other people lost all their money,

I think we need to agree on a definition of wipeout.

 

[Blaster7Romeo]

You have not lost the money untill you sell...

Also, You also have not maid the money until you sell...

even so.. you probably won't lose it "all" a Lot of chicken Littles out there... if you need the money in the next 5 years it should not be in crypto or any investment for that matter. bear market or not.

 

[chevy_man]

I know I watched Bitcoin go from $300-$1k and then back down to $100.

If I had spent $1k on it then, rather than assume it had run it's course, I'd have bought my house in cash and had leftover 3 years later.


But Bitcoin was $10k last week, and $18k a week later. The hedge funds that invested in it at $60k have to be shitting themselves.