That was incredibly fast.
Interesting to note is that the failures are growing and FTX contagion is real.
I am weirdly positive about this because I like the tech but I don't like the "degens"
Having spent the last 20 years in Finance, the last thing you want is fuck around with other people's money.
Ftx.com Has Probably Collapsed
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Re: Ftx.com Has Probably Collapsed
#12and yet Bitcoin is off 4.5% off of lows $15.6k -> $16.3k
Re: Ftx.com Has Probably Collapsed
#13That was incredibly fast. Interesting to note is that the failures are growing and FTX contagion is real. I am weirdly positive about this because I like the tech but I don't like the "degens" Having spent the last 20 years in Finance, the last thing you want is fuck around with other people's money.
I've been waiting for this for years.
Re: Ftx.com Has Probably Collapsed
#14The good times made crazy people look smart and the bad times are making crazy people look like idiots.
Re: Ftx.com Has Probably Collapsed
#15SBF was a very positive force for EA, now that he's down everyone piles on him? shameless
Well, he apparently hoodwinked his customers by abusing and losing their deposits.
I don't think people who made billions by scamming well meaning customers should be held in high regard.
In fact, I wouldn't be surprised if he ends up in prison
Re: Ftx.com Has Probably Collapsed
#16SBF was a very positive force for EA, now that he's down everyone piles on him? shameless
I believe it's the common folk who had money with FTX who are down. All the way to zero. One wonders if EA is could be considered a guilt-compensation mechanism.
Re: Ftx.com Has Probably Collapsed
#17and yet Bitcoin is off 4.5% off of lows $15.6k -> $16.3k
Serious question: how long can it last at these levels. Where’s the support for this asset?
Re: Ftx.com Has Probably Collapsed
#18The good times made crazy people look smart and the bad times are making crazy people look like idiots.
Yes. Go find the video "Line Goes Up", which covers this issue at length.
Re: Ftx.com Has Probably Collapsed
#19The good times made crazy people look smart and the bad times are making crazy people look like idiots.
I keep seeing these headlines, and I keep really trying to feel sorry for these people that are potentially loosing their arses. However, I just can't get there.
NFTs are the ones I'm really LOLing about vs the currency plays, but since the currencies are failing too, it just kind reveals the house of straw the whole thing truly is.