Kraken lays off 30% of staff

Post by newaccount74 » Wed, Nov 30, 2022, 6:18 PM UTC

parineum wrote: post #105

rabuse wrote: post #45

Earlier quoted context omitted.

Have we forgotten the amount of profit people made from the prior years of insane price growth? Tell me which stock performed as well as Bitcoin.

This is true but all that it proves is that Bitcoin is incredibly volatile. It seems like the pro-crypto arguments end up being circular sometimes (not from the same person but the community). If the market is good, it's a great investment. If the market is bad, buy the dip! If it's unstable, remember all thos people who made money? If it's stable, well it's a currency after all. There are so many people who view cry…

Post by vlunkr » Wed, Nov 30, 2022, 6:18 PM UTC

g42gregory wrote: post #149

woodruffw wrote: post #18

> Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets. This is an incredible couching of the last 9 months of cryptocurrency market behavior. Does anybody actually operate on their belief that "geopolitical factors," rather than astonishing amounts of fraud , are responsible for the current downturn?

My understanding is the crypto prices are driven primarily by the amount of liquidity injected in the market. Or, at least, that’s the case in the current cycle. Fraud is bad, but it has less impact.

Post by bibabaloo » Wed, Nov 30, 2022, 6:22 PM UTC

naillo wrote: post #67

Is it naive of me to think that CEOs aren't really much better macro predictors than most of us and are kind of doing this in a wave like fad "because that's what everyone else is doing"?

Post by seattle_spring » Wed, Nov 30, 2022, 6:23 PM UTC

autotune wrote: post #142

brezelgoring wrote: post #31

Earlier quoted context omitted.

>Perhaps if the CEO had gone to Stanford, he would have been better educated in effective altruism and have placed their needs higher Careful, some might infer a snide on their church and bite back to you. Not me, I share your view.

Is anyone actually defending effective altruism right now? SBF has effectively flushed it down the drain along with the investors he scammed.

Post by kwertyoowiyop » Wed, Nov 30, 2022, 6:24 PM UTC

psychlops wrote: post #13

Don't they realize they are supposed to create a KRY currency and pump it up to supply value to their company and pay their employees? Perhaps if the CEO had gone to Stanford, he would have been better educated in effective altruism and have placed their needs higher.