fukk is going on with FTX

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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.
FED money yes.. true institutional buy in / I.e banks was not real. It was fake news to help the pump..
Tesla bought but I am.pretty sure it's not a crazy amount and who knows what they hold now.. Tesla are also dodgy audit wise and will be investigated within 3 years.
Regardless of our argument.. expect events with FTX to tip.the scale even further away from institutions and proper hedge funds.

While hot off the press Kevin O Leary just said under oath that Binance took.FTX down & whether it was a cover or not.. they will get investigated and it will cause a crazy domino effect like never before seen.

They are coming after influencers too....finally.
Influencers are behind nearly all the corruption in the space..

PS the term shyttcoin was done for marketing..
But the true sh!1coin ... in terms.of scalability and use cases... well we are discussing it now.

While I am talking crypto.. I used to have alot of XRP but I saw an interview the other day with Brad and now think the SEC are right! I mean how do they have so much money without any major customers.
Its impossible..
 
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Macallik86

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Against his lawyer's wishes, SBF went on a publicity tour to try and 'explain what happened'. It's play-for-play a Trump move to muddy the waters publicly, but the difference is that there's no one holding water for SBF like Fox/Newsmax so he just flailed out there. I think he knows this is the end and that he won't be seeing the light of day anytime soon. Gov't definitely going to throw the book at him and his contemporaries were already copping pleas when he tried to redirect blame solely to ppl running Alameda Research
 

Lootha VanDraws

'The Night I Fell in Love' is the GOAT R&B album
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dude really thought he could go on youtube/twitter and do interviews saying he was too stupid to realize what he was doing. :mjlol: And thought it would play out in his advantage :mjlol:
Funny, especially since his being labeled some super-genius was essential to getting all those investors.
 

Digital Omen

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Against his lawyer's wishes, SBF went on a publicity tour to try and 'explain what happened'. It's play-for-play a Trump move to muddy the waters publicly, but the difference is that there's no one holding water for SBF like Fox/Newsmax so he just flailed out there. I think he knows this is the end and that he won't be seeing the light of day anytime soon. Gov't definitely going to throw the book at him and his contemporaries were already copping pleas when he tried to redirect blame solely to ppl running Alameda Research
I know the gov will ask for football numbers but I just don't buy it. This dude spread a lot of money around and it would not surprise me if he plead out, sentenced to like 10 years at club fed with work release and all that shyt.
 
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