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This was inevitable and a good thing. Crypto has been extremely risky because there is no sure-fire exit strategy. Now that reliable exchanges like coinbase ar
by searine 9y ago
This was inevitable and a good thing.
Crypto has been extremely risky because there is no sure-fire exit strategy. Now that reliable exchanges like coinbase are popping up, and playing by the rules, that risk is going down drastically.
A reliable exchange means much less risk, and one of the ways it does that is accurate reporting. That means accurate reports to you AND the IRS. If you want a reliable market, that market has to play by the rules.
- zbentley 9y agoAbsolutely. But you're still going to see prices fall or bad price fluctuation behavior in the short term, because: - A chilling effect/scared-lemming effect from the news will rattle some people, with or without reason. - A reliable market is usually (not always) a less volatile market. A lot of crypto traders who were capitalizing on the volatility of these markets will now exit.