You definitely get that massive scam vibe from Binance and CZ.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Binance is not a public company.
I just gave the article a quick look over(way too long for something I don't care that much about) but the only mention I saw of Coinbase was this.
"Binance is not required to publish detailed financial statements because it is not a public company, unlike U.S. rival Coinbase, which is listed on the Nasdaq."
Certainly possible, but there is a fair amount of evidence out there that DZ was trying to maintain his distance from the happenings at FTX.
brah... the bad news doesn't start until after... we are talking 2Q-3Q..... and the way the market doesn't listen.. it might be 4Q....
no one has patience anymore...
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Nothing better than finding a lost $20 in a pair of jeans. Imagine finding $720 million in cash there?
Inflation will be in the low 3’s by the end of Q2. The next bull run will be raging by then.
We can hope. I don’t see it.
Supply chains have improved - so that component of demand inflation has slowed. Housing still high - but indications are that component will run-out by E1Q - but otherwise... I don't see how we get from 7 to "low" 3s.
Employment remains strong, spending remains strong, still $1.5T in excess savings to wring out. Perhaps terminal Fed Funds peak at end of 1Q (i think they peak 5.5-6 - but JMO). No indications Powell will start cutting rates early... we haven't even seen market pricing for lower profits and lower future earnings projections.
labor and energy will remain "sticky" (as they say...)
I think the market is way ahead of itself and the pain hasn't started...
Don't get me wrong... way easier to make money on a 15-20% run-up in Spix than some higher fixed income.. but - this is the most well expected recession in history... and markets have a way of punishing expectations....
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they were so unorganized; they didn't even know it was there.. so they couldn't steal it in time....
stay away from the space for a while. you can't time a mkt but you can get in early on a reversal be patient, more pain coming in crypto
Just avoid it. Something has to give.
Just buy and hold bitcoin on cold storage.
Theres a lot more pain coming to crypto. I wouldnt want to be holding bags on any alt coin right now. There may be a few more buying opportunities for bitcoin but I still feel the floor has been realitiely set. Thats barring another major event, binance, gbtc, bizarre sbf testimony, tether implosion, etc. Theyre all viable concerns, but hodlers have set a solid floor. If a major event occurred, a quick drop would happen and we'd prob bounce back quickly to that 16 floor as limit orders are filled.
There's no hope trying to timentje market, so I keep dca-ing.
Very good advice. Can't do cold storage, but my compromise is to use Fidelity (BTC and ETH) when the time is right. Being patient.
SBF said he was broke - then came up with $250,000,000 cash....
I think we can skip the trial....
I think we can skip the trial....
Buy BTC, not gold. Don't be dumb. 
Buy BTC, not gold. Don't be dumb.
Pretty bold of him considering he got rug pulled not long ago, and also in his own words thought SBF was “smart”. Now he thinks he’s in the right to call people “dumb as ____” because they don’t want to expose themselves to ponzinomics? Yea, but no I don’t really care about what Russ Hanneman has to say on the topic.
https://decrypt.co/73810/mark-cuban-hit-apparent-defi-rug-pull
https://www.cnbc.com/amp/2022/12/01...m-bankman-fried-should-be-afraid-of-jail.html
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sounds like every tech-investor telling me how tech is now totally over-sold.....
"i was wrong before, but listen to me now!!!"
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ooppsie, sorry... but it's totally cool.... keep it all on cold storage.. so you can.. well, do nothing with it.. but it's safe...
he's a hack and front runs using his media platform
Curious how Crypto-guys so often explain how the Token-ecosphere is just like gold.. but better.Buy BTC, not gold. Don't be dumb.
where goldguys explain how gold is gold and never need to mention BTC....
they workBecause gold guys are old and still use a rotary phone.
At least Sam waited a few days after making bail to start playing games again. He shouldn’t have been allowed to access anything as a condition of his bail.
“Crypto mixers are often used by market exploiters and criminals to obscure the transaction path so that the funds cannot be traced to the original source.”
But but but the ledger?!!
A mixer attempts to hides one’s tracks. It doesn’t override a ledger.
Sam is home and selling, might be best possible scenario at this point. Vitalik came to the rescue yesterday interestingly enough.
One of the Winklevoss twits is throwing a public snit with the owner of Genesis Capital & Digital Currency Group. That can't be a good start to the new year.
Last round of bankruptcies coming soon?
Winklevoss says crypto broker Genesis negotiating in bad faith
Look for crypto to bounce in Q2
It’s like Eth, just 100 times faster (actual number) and at a fraction of the cost. It’s gone down a few times which is clearly problematic. Once they fix that, could be interesting.
A few times?
The network is way too centralized, which makes it prone to attacks and crashing. It has a long way to go.
It’s a two year old chain in live beta with more stability after each upgrade. Not a long way to go at all. It’s less centralized than Eth now but I’m sure you can break down the pitfalls of the Nakamoto Coefficient for us all.A few times?
The network is way too centralized, which makes it prone to attacks and crashing. It has a long way to go.
All crypto people know about this. No need to explain.
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