fukk is going on with FTX

Buddy

Keep my name out of it
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I gave up on it.
Cause 1) i knew something like this was going to happen 2) I didn't know what I was doing 3) in attempts to try to get an idea of what to do in crypto I was meeting shady people on Twitter who wanted to scam me via Telegram and Whats app.

Also I see less and less people promoting NFTs on Twitter. Last year, couldn't get away from those things.

Try to sleep while leverage trading crypto 5 yrs ago :francis:

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SadimirPutin

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The concept was great.

Unfortunately the banking system ain't going to allow a single dollar go unchecked.

You can't simply wrap up a whole other financial system or operate one of the side without the powers that be getting their hands all up in it.

The government always gets their cut.

The government aint got nothing to do with why grifters are stealung money from dummies
 

69 others

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The concept was great.

Unfortunately the banking system ain't going to allow a single dollar go unchecked.

You can't simply wrap up a whole other financial system or operate one of the side without the powers that be getting their hands all up in it.

The government always gets their cut.

You're right about this part. The success of a financial system and currency is based on trust in that system. The US dollar and financial system are backed by the US government with a large tax-paying population, a powerful military, and years of experience.

The fed or the current financial system is not perfect, but it's partly responsible for the greatest economy in the world plus managed to get the country through some major recessions and other financial events and that counts for a lot.

Crypto's lack of success as a currency is not because of the government. People have no reason the switch to it, it offers none of the benefits of the U.S dollar and none of its protections.
Why will manufacturers, suppliers, farmers, miners, or even employees want to accept payment in crypto? Not even the people that work at coinbase or similar places will accept payment in crypto

There is a good reason why the rest of the world buy assets in the U.S, even the Russians and Chinese.
 
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AQz

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Miami great not going to be playing at the ftx arena any longer
 

klientel

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When the smoke clears there's only.gonna be like 25 official cryptos.

Hopefully you're hedged on the right ones.
We are in a bear market and probably haven’t seen the bottom yet. You ideally should be in BTC or ETH only during crypto winter. Otherwise you are playing yourself.
 

Uncouth Savage

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If they’ve got receipt :yeshrug:

What exactly is being said though?
all crypto is trash and everything going to zero?

if so then those folks with the receipts or knowledge can tell us what happens next?

that is what this whole thing is about
if I say bitcoin goes to 5K tomorrow and that happens then I am brilliant
i am the best
if that does not happen, then my research is shyt

in this instance
who has ever said ftx is gonna crash?
I saw sam bankman on cnbc some weeks ago, he was super nervous, and looked like he wanted to fukk the interview lady
that was probably a sign

I say that to say
those who love to talk shyt
what fails next?
 
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