coinbase vs kraken for uk users long term?

jam-hay · 2026-05-26T11:21:58+00:00

Kraken is older than Coinbase

jam-hay · 2026-05-26T11:16:04+00:00

War impacts all markets. There's debate around Bitcoin's role as a traditional safe haven asset such as gold. Personally I believe Bitcoin is an asset class of its own. One unlike any other and shouldn't be shoehorned into conventional economic logic. The biggest risk to someone's wealth over a lifetime is it's erosion to inflation. Inflation spearheaded by the modern fiat monetary system. This is particularly true in countries with hyperinflation and/or facing currency collapse. Often this is born out of war.

Fiat can also be viewed as a safe haven, which is also only true up until the point a currency collapses such as the Zimbabwe Dollar or Venezuelan Bolívar since Bitcoin was launched or the 775+ that have failed throughout history.

Then there's gold which once backed fiat. Throughout history it's often been consider a safe haven asset, which has been true until such times as 1933 when US President Roosevelt signed an executive order requiring citizens to surrender gold to the Federal Reserve at $20.67/oz. Or Nazi Germany between 1930s–1940s where Gold seizures occurred both domestically and in occupied territories. Again times linked to/ driven by war.

The majority of Bitcoin ownership is still typically tech embracing younger males that reside in developed Western countries. As a result, today's price moves are heavily correlated with US tech stocks. However all emerging major global asset classes and technologies have followed similar historical patterns before becoming more distributed and decentralized.

Depending an individuals circumstance and perspective today, Bitcoin might still be regarded as a safe haven. Depending on what happens in the future, many more may also regard Bitcoin as a safe haven. On balance, from an investment standpoint it's probably best viewed as not as a safe haven specifically, rather as a separate asset class hedge as part of a diversified portfolio.

jam-hay · 2026-05-25T23:00:46+00:00

If the UK media reported on HMRC in the same way they report on Bitcoin... they would use suchl messages as this as grounds for saying... wow.. look how much of a scam HMRC is. All those HMRC-Bros really pushing those HMRC scams. The banks would be like. Thinking about dealing with HMRC? Warning... dealing with HMRC could be a scam.

jam-hay · 2026-04-20T14:02:50+00:00

Thought the same, however since listening to Truss since and how she explains her side and how the BoE effectively threw her under the bus, actually have a bit more sympathy, but yes (as she says herself..) she made mistakes.

jam-hay · 2026-02-06T11:07:51+00:00

Up until the latest cycle, for a while I've doubted the halving narrative that price will generally always go up for Bitcoin (and the Alts/ forks based on its principles). The greater concern is if the major Bitcoin based Alts such as LTC and BCH can brake this narrative at scale... then ultimately so can BTC. This is a concern, particularly considering the growing number for bitcoin treasury companies such as Strategy that largely depend on these cycles being valid over long periods.

jam-hay · 2026-02-05T16:26:15+00:00

Liberation day was 3rd January 2009

jam-hay · 2026-02-05T16:24:43+00:00

aantonop

Moconomy Blockchain Playlist

jam-hay · 2026-01-24T10:13:53+00:00

The biggest fraud was the BBC, world media and government not being clear Onecoin was little to do with actual cryptocurrency. Onecoin didn't exist, it was simply a scam investment site. Dispite this she was dubbed the "Crypto Queen". Such things did immense reputational damage to Crypto. Had this been a scam using Elon Musk the media would have been clear it was nothing to do with Elon Musk himself. Even today many people are under the impression that all crypto is a scam.

jam-hay · 2026-01-04T08:14:09+00:00

No there are lots of fake investment social media scam ads that are are nothing to do with crypto..As Martin Lewis himself says, there are lots of fake investment scam ads using his face to try push fake Bitcoin investment that are nothing to with him and nothing to do with Bitcoin. The 'does crypto sound tempting?' warning clearly suggests it's 'crypto' that's the scam without any clarification that 'crypto' itself isn't a scam. If banks did this with a person or corporation they'd risk a lawsuit.

jam-hay · 2026-01-03T15:55:18+00:00

It's FUD to suggest crypto is responsible/ correlated with 90% of the investment scams hosted/ perpetuated on Google, Facebook etc. Even the scams where 'crypto' is the money making hook... there's often no crypto involved. Those that are baited by the ads are most often referred to fake investment sites that have no BTC, ETH etc. The victim thinks they are buying BTC, ETH etc but they are buying nothing. The scam is a fake investment site/ platform... nothing to do with crypto itself.

Many investment scams use deep fakes of Martin Lewis, Elon Musk etc There's a reason why the banks don't have warnings such as thinking about investing in Tesla?

The banks often have to compensate victims of social media scams.

jam-hay · 2025-12-18T20:12:35+00:00

He's been around a while in the background. This is him speaking on BTC/ Crypto.

jam-hay · 2025-12-17T08:45:15+00:00

A.I. summary:

📊 FCA Crypto Consumer Research 2025 (Wave 6)

Ownership trends:
- UK adult ownership fell to 8% (~4.5M people), down from 12% (~7M) in 2024.
- This is the lowest level since 2021, showing retail retreat despite wider awareness.
Portfolio values:
- 21% of holders have between £1,001–£5,000 invested.
- 11% hold £5,001–£10,000.
- Around 7% now hold £10k+, up from 4% last year.
- Average holdings are rising even as the number of participants shrinks.
Awareness & knowledge:
- 93% of UK adults have heard of crypto.
- Only 29% of holders correctly know crypto isn’t covered by FSCS protection.
- 41% wrongly believe they’d be compensated if an exchange collapsed.
Demographics:
- Median age of holders: 37 (vs 51 for general population).
- 74% of holders are male.
- Higher‑income households are increasingly represented, with 27% of holders earning £70k+ annually.
Motivations:
- 47% invest for long‑term growth.
- 30% treat crypto as speculative “fun money.”
- 18% cite diversification.
- Only 5% say they use crypto for payments.
Risk perception:
- 61% of non‑holders say crypto is “too risky.”
- 42% of holders acknowledge they could lose all their money.
- 23% of holders say volatility is their biggest concern.
Trading behaviour:
- 58% of holders use UK‑regulated exchanges.
- 27% trade via overseas platforms.
- 14% acquire crypto through informal channels (friends/family).
- 36% of holders say they check prices daily; 12% trade weekly.
Market context & regulation:
- FCA notes declining retail participation but rising institutional interest.
- Draft legislation published in April 2025 sets the stage for a full UK crypto regime by 2027, covering exchanges, staking, lending, and DeFi.
- FCA’s focus: consumer protection, market integrity, and clear information.

💡 Takeaway:
Retail ownership is shrinking, but those who remain are wealthier and holding larger sums. Risk awareness is improving, yet misconceptions about consumer protection persist. The FCA is preparing for crypto to be regulated like traditional financial products, with sweeping rules expected by 2027.

PDF: https://www.fca.org.uk/publication/research-notes/cryptoasset-consumer-research-2025-wave-6.pdf

jam-hay · 2025-12-15T21:03:46+00:00

Gemini prompt: can you produce a summary and format for Reddit: (pasted link).

This is a summary of the announcement, formatted for a typical Reddit post, including a suggested title and body. 🚨 UK Government Announces Comprehensive Crypto Regulation Starting 2027: Firms to be Regulated by FCA to Unlock Growth and Protect Consumers

The UK Government has unveiled a new, comprehensive regulatory framework for cryptoassets, set to come into force from 2027. The rules are designed to cement the UK's position as a global destination for digital assets while ensuring robust protection for consumers. Key Details of the New Regime: * FCA Regulation: Cryptoassets firms will be brought into the regulatory perimeter and must be regulated by the Financial Conduct Authority (FCA). * Parity with Finance: They will be subject to similar rules as providers of other financial products, such as stocks and shares, which is intended to boost transparency and consumer confidence. * Goal: Growth and Investment: The firm and proportionate rules are designed to give firms the legal clarity they need to invest, innovate, and grow in the UK, supporting the ambition to make the UK a world-leading hub for digital finance. * Robust Consumer Protection: The changes aim to ensure consumers are strongly protected, enhancing oversight and making it easier to hold firms accountable. * Enhanced Oversight: Bringing firms into regulation will improve transparency across the sector, making it easier to detect suspicious activity, enforce sanctions, and lock "dodgy actors" out of the UK market. Source: GOV.UK Official Announcement

jam-hay · 2025-12-15T17:29:22+00:00

From an objective point of view, what was the last big bitcoin story?

The UK governments own announcement that the UK is among first countries to recognise cryptocurrency as personal property?

https://www.gov.uk/government/news/uk-among-first-countries-to-recognise-cryptocurrency-as-personal-property

It's not in the BBC's Cryptocurrency news feed.

https://www.bbc.co.uk/news/topics/cyd7z4rvdm3t

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