I honestly feel that the throttled demand has stalled prices for the short term. When the top exchanges were reporting record new account startings, but then turn around and stop taking new accounts that is a TON of money that should already be into the markets or at least on it's way into the markets.
The US market is probably the one that can really take crypto to the next level as it really is an untapped market. To many people heard their nephew or cousin or whoever made big money in crypto this past year while they sat around doing nothing. They want in on this now and have the cash ready to invest.
Just my take on things, but I talk to enough people about crypto and it's what I'm seeing.
Could be. For what it's worth, I just signed someone up for coinbase the other day and didn't experience any throttling. Linked a bank account and everything, no trouble at all.
Coinbase has been off and on. Think it was Saturday Coinbase (currently has a message they are caught up on backlog of trades), Binance (non since 1/5), and Bittrex (non since 12/15) all couldn't take new accounts. It's amazing to me how hard it is to get access to some coins due to this for new investors. Since so many alt coins are on limited exchanges and very limited exchanges for US customers having these 3 down at the same time makes getting started very hard.
Also shows the value of having accounts at multiple exchanges even if you don't really need them. If a coin comes along you want to trade and it's on limited exchanges and that exchange isn't taking new accounts you are out of luck. Or you may miss your window of opportunity due to the lag of being authenticated.
Yep, I'm kicking myself hard for not having Nxt on HitBTC when the Ardor/Ignis snapshot happened. But that might have been a little bit hard to see coming...
For sure it would of been nice...and hard to see coming. Good chatting!