Surprise of the year :)
I'd really love to see someone do a deep dive into SBF's campaign contributions this cycle.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
I'd really love to see someone do a deep dive into SBF's campaign contributions this cycle.
Yes & no. It's pretty much the only other token I plan on holding
The flush of shitcoins is extremely beneficial here as this token is not speculative. It's a transactional "coin" for this web 3.0 ecosystem. Think of it as Robox for Roblox. It's sitting there, has utility on this network, it needs people using the network. It has amply btc in reserves to fund development. Supply of the token is low; 28m, so there's room to easily see 10x+ if it see the slightest amount of attention or usage.
I think this crypto crash will have people doing more dd in what they speculate on which could help here. But the reality is that 99% of alts are going to be useless/worthless. I feel good about Elastos, but numbers are not on my side. If you're looking to trade this, I do think there is potential for this to go to $5-$10 in the next 6-8mos.
Didn’t think it could get worse than Voyager, yikes. I guess that’s how they were able to shell out the high internet rates. Glad I moved everything to my Ledger.
sure, but Sam said he was "sorry"... so, it's all good.
It all adds up. Sam and team have been scrambling for months to cover up all of this mess and try to find a way out. They were reportedly using massive amounts of Adderall and then this happens…
Am I the only one seeing that the valuation of this industry, and more specifically Bitcoin is propped up by the trading of altcoins for bitcoin? Seeing that one of the most visible and supposedly “legit” players in the space, who has testified on Capitol Hill was operating a Ponzi in Madoff’s ballpark is eye opening to say the least.
I would guess that if all exchanges were subject to the same rules and regulations as the NYSE and fake volume is filtered out that the price would plummet to eye opening lows. I mean SBF’s $8b liquidity hole is tanking the market by 20%, but we’re supposed to believe BTC has a $321bn market cap at the time of this post?
I would guess that if all exchanges were subject to the same rules and regulations as the NYSE and fake volume is filtered out that the price would plummet to eye opening lows. I mean SBF’s $8b liquidity hole is tanking the market by 20%, but we’re supposed to believe BTC has a $321bn market cap at the time of this post?
a decade of free-money and bs vapor strategy made a lot of people a lot of money... and a lot of suckers holding the bag......
you now have to actually price in risk..... money is no longer free...
reality calls... gravity is a bitch......
that said... no one is saying blockchain isn't something... so we'll have to see on that stuff that isn't simply s(*tcoin
NOVA | Crypto Decoded | Season 49 | Episode 18 | PBS
What exactly is crypto, and how does it work? This technology is more than just money.
www.pbs.org
can’t believe all those YouTube videos were wrong
Tom Brady's FTX shares were once worth $45 million. Will he lose it all?
Ex-FTX CEO Sam Bankman-Fried lost $16 billion after his company filed chapter 11 bankruptcy protection. How much will his highest profile investors lose?
www.marketwatch.com
yeah- posted something similar back on Weds. when this broke..
Tom Brady's FTX shares were once worth $45 million. Will he lose it all?
Ex-FTX CEO Sam Bankman-Fried lost $16 billion after his company filed chapter 11 bankruptcy protection. How much will his highest profile investors lose?
headlines were a bit salacious making it sound like Tom, et. al. "lost everything"........ seems they lost their equity stake... which is worth what it's worth.... a billion you never had - ain't really a billion....
All the equity they were given to pump this BS. Feel bad for all the people that bought because of them.
Selling my tickets/parking pass to Penn state fans and buying the dip
I think the currency aspect of crypto is all BS…the technology under the hood holds value
Get in line - 400 metric tons bought 3rd Q:
Central Banks Have Binged on Gold This Year; It Just Isn’t Entirely Clear Which Ones
Global central banks bought nearly 400 metric tons of gold in the third quarter as prices swooned, almost doubling the previous record. Thing is, it’s unclear where most of the buying came from.
Bloomberg - Are you a robot?
www.bloomberg.com
Gold has bounced a bit but still cheap relative to its 2 year.Get in line - 400 metric tons bought 3rd Q:
Central Banks Have Binged on Gold This Year; It Just Isn’t Entirely Clear Which Ones
Global central banks bought nearly 400 metric tons of gold in the third quarter as prices swooned, almost doubling the previous record. Thing is, it’s unclear where most of the buying came from.www.wsj.com
Bloomberg - Are you a robot?
www.bloomberg.com
Im no chart master but it looks to me like it might be poised to go on a big run.
In the global environment, metals have to pop sooner or later I think
Chase was busted for manipulating gold so its a wonder just what has been going in that market - "shadows on the wall" and all that.
Former employees of JPMorgan accused of bullion-market manipulation
The jury will begin deliberations on the case late on Friday
Banking kind of bores me (dyscalculia can cause that lol) but the more I learn about it the the crazier it can seem (I don't think people even know all that's in Dodd-Frank). People don't "have money in the bank" but deposits become unsecured loans that the bank can take and reallocate to compensate for losses in an emergency? Banks have to sort derivatives (Chase with 65 tillion worth) before taking sorting needs of depositors. FDIC only has 1.26% of coverage for accounts. FDIC might just be an empty fire exteninguisher in a bad crunch. Writers say crisis that almost happened in UK (related to derivatives) might be possible in US (instituions supoposedly checking themselves out). In any case, depositors can be blocked from their cash for months or longer. Martenson says might be a good idea not to keep too much in the banks at the mo.
The only winners in the FTX mess are the lawyers. Between the bankruptcy and lawsuits there will be lots of billable hours.
Looking like this was a designed Ponzi from day 1 and SBF used his families political connections to get it off the ground and then turned around and donated a ton of the stolen $$ to the Dems.
Nobody did any due diligence. There is no board and despite a $32B valuation they had a tiny auditor I never heard of. What a joke.
no, you just don't understand the blockchain and the new economy...
I am sorry but who are these guys tweeting and how do they have access to all this information that is not reported elsewhere? I understand that this is a bad situation but you should also realize that this is also the type of situation where it is easy to spread falsehoods.
I don’t think he’s even been indicted yet, the report that he was detained in the Bahamas was sketchy and never confirmed
Looks like they had some help….
US Congressman says SEC's Gensler allegedly had dubious ties to FTX, promises investigation
U.S. Congressman Tom Emmer said his office was investigating SEC chairman Gary Gensler relationship with Sam Bankman-Fried and FTX.
cryptoslate.com
They were promoted by the World Economic Forum. It was even on the website:
FTX was being pushed by a lot of really bad, but powerful people.
www.weforum.org
FTX was being pushed by a lot of really bad, but powerful people.
FTX
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and...
www.weforum.org
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