Bitcoin is useful to digitally keep some wealth out of the official banking system.
Now that the FED is leaving the tightening rhetoric, us prices will soar, the dollar will crash, gold will go up.
Bitcoin is very likely to spike again.
People should abandonate using some exchanges run by banks, People should stop feeding those banks by fees they use to dump the market. People should use exchanges like bitfinex and not like kraken if they want a spike again.
Bitcoin is a peer-to-peer money system. its design is public, nobody owns or controls Bitcoin and everyone can take part. users do not need KYC.
Bank account is a banking money system. its design is governance, banks own or control accounts and people can't take part. users need KYC.
Kraken is a crptocurency exchange, users need KYC to access and use kraken services, users can not deposite, withrdaw and trade Bitcoin before KYC verification.
Kraken marging trading is done via a lending pool, users can not take part. the pool is funded by kraken money and cryptocurrency they got by taking fees from people. Kraken design is governance.
Bitfinex is a crptocurency exchange, users don't need KYC to access and use Bitfinex services, users can deposite, withrdaw and trade Bitcoin without KYC verification.
Bitfinex marging trading is done via a lending pool, users can take part. the pool is funded by everyone using bitfibex. Bitfinex design is public.
