fukk is going on with FTX

thephatmack

thephatmack

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Old School Players to New School Fools
In The Zone '98 said:
Maybe like 10K. But no chance at 0.
Click to expand...

Remember it traded between 3k and 7k for years. It only jumped properly in 2020 through social media influencers being clever and brain wasting consumers… not through use. I would commend if it was through use… but it’s just not a good digital asset.

If Binance goes, the liquidation dominions will kill it because the big money is leveraged.
 
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GunRanger

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thephatmack said:
Remember it traded between 3k and 7k for years. It only jumped properly in 2020 through social media influencers being clever and brain wasting consumers… not through use. I would commend if it was through use… but it’s just not a good digital asset.

If Binance goes, the liquidation dominions will kill it because the big money is leveraged.
Click to expand...
It jumped because of cheap FED money, and institutions buying in. It still was trending upwards regardless.

If it traded in the thousands for years without big money backing, or fiat brokerages, why would it now go to zero? That makes no sense.
 
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