It does look like it’s all beginning to unravel… I wonder how long it will take.
Another wobbly domino?
https://www.coindesk.com/business/20...nancing-costs/
FTX going bankrupt. So sad.
Background here: https://twitter.com/alex_valaitis/st...11035132694528
Latest: FTX blocking withdrawals of staked FTT tokens. Sounds like LUNA, only bigger. BTC in freefall. Oh my.
Someone who lies about the little things will lie about the big things too.
Links back to Celsius via Almeda research
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Quite amusing looking at all the YouTubers and TickTockers in a frenzy saying this is the time to buy and its all going to plan.
Cheers..
Jase
Where did these people think the scammers had all gone? Crypto still riddled
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There is no guarantee we have seen the last of this. You know how this works: sign a non-binding LOI, then start due diligence. At any problem you encounter, you lower the price until the other party screams in agony. Then you cut it some more. Bankman-Fried is fooked beyond imagination. The only reason CZ is doing this, is that because he is afraid of the sell-off if he lets FTX fail. But depending how big the hole is, it may still be more efficient to let them fail and use the time to manage their crypto exposure. I give this no more than 50% probability of happening.
Someone who lies about the little things will lie about the big things too.
Definitely something still cooking. FTT falling into the abyss, bitcoin dropped almost 10% since my last post above. Even Doge back under 10 cents.
Someone who lies about the little things will lie about the big things too.
Wild.
-18%, then +0.3%, then -22%.
You okay, Saylorman?
Someone who lies about the little things will lie about the big things too.
All the chump money must have dried up now for the crypto new era ... so how are they keeping it afloat? (Well apart from the ones that are sinking)
There must be some late arrivals holding some serious losses now ... when do they finally give up?
Time to buy the dip of the dip of the dip of the dip of the dippidy dip dip.
#lambotime
Back after a few months doing other stuff. Did I miss anything interesting…?
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I'm not buying back in for a while, Jan maybe
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well after blood bath today i am back down 4.5 K not a fortune ( still a fair wack :-)) but money i knew i was gambling not investing! so i wont be getting out anytime soon, in fact unless it all collapses like a house of cards, i am in for the long haul, or should i say my kids are LOL
dean.m
You'll make a fortune etc etc
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You know it is toxic when due diligence last hours, rather than days or weeks.
SBF personally bankrupt, negative net worth of $200mio - was listed at $16bln two days ago by Bloomberg.
Have fun staying poor, boy.
Someone who lies about the little things will lie about the big things too.
Rumors that El Salvador kept their bitcoin on FTX. That would be really tragic for Bukele.
Someone who lies about the little things will lie about the big things too.
He'll still have the volcano and can make some more
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Next chapter: Tether.
Someone who lies about the little things will lie about the big things too.
Here is by far the best explanation of what happened this week in crypto:
https://twitter.com/btcmemecreator/s...92280101748736
(My God, will I be sad when Twitter is no more).
Someone who lies about the little things will lie about the big things too.
Dying here 'buy the dip'
I will never invest again in crypto without thinking about this meme
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FTX to file for US bankruptcy protection, CEO Bankman-Fried resigns – business live
https://www.theguardian.com/business...-business-live
You couldn't make it up, now FTX has been hacked on a Friday night and hundreds of millions of crypto stolen from user accounts. Smacks of an inside job if you are asking me.
Not the end of this story, but this FTX chapter might be the beginning of the end of crypto. Finally.
Someone who lies about the little things will lie about the big things too.
It's all fine, just keep calm
“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX support Telegram chat. The message was pinned by FTX general counsel Ryne Miller.
Right, you've lost all your money, but they are coming for everything else
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There must be some awful stories coming about the small time bag holders who are getting wiped out.
Not just small time bag holders
https://www.ft.com/content/726277bb-...9-3e1cca587b77
I know a few people with a few grand in crypto and I suspect are now down. That said, the only person I’ve seen admitting sitting on a loss has been on this thread.
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Well I'm a loss NOW but that doesn't matter as I'm only expecting a lambo by 2030
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