yup.
"liquidity crisis"
code for..we took your money..and can't find more suckers to support the pyramid...
WinkleBoys should just cash-out what they have left and live on a beach in Thailand at this point.. they are the ultimate Mooshes
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
"liquidity crisis"
code for..we took your money..and can't find more suckers to support the pyramid...
WinkleBoys should just cash-out what they have left and live on a beach in Thailand at this point.. they are the ultimate Mooshes
+1
Bad actors are still going down. I hope this briefly pulls the market back down. Might be a good opportunity to start reestablishing BTC and ETH positions. Very slowly.
When all is said and done there better be some folks other than SBF wearing orange jumpsuits. If this BS goes on with the big players like FTX and Genesis can only imagine what’s transpired at the next levels down.
The level of activity and bounce back post FTX have been amazing. They still aren’t out of the woods with whatever gets dumped out of the bankruptcy, but it looks promising for those dips to be quickly bought up.
They are headed back to top 3-5 mcap coin with this level of activity. Being able to buy more below $10 was likely a gift from Sam.
On the NFT front, I find this to be fascinating. PhotoFinish has been building their game for over a year. Sometime in the next few months it will go live for real money stakes, wagering etc. The horses in the race are individually owned and bred NFTs.
lolz....
I give your nft guys credit... you find new way to take people's money..........
this was a video game in the early 2000s....
Right a video game. The video I posted wasn't a video game, its people bringing their individual horses to race. So rather than 1-2 players playing a video game, this is 10-20 people entering into a virtual race. I'd say its a little different, wouldn't you?
Partially, with the added distinction of buying, breeding, etc. And moreso the differing/creative usecase of an NFT rather than simply a jpeg, ponzi, etc. like most of them. Turning the nft linked below into a horse racing in races like the one I previously linked to me is pretty fascinating.
It's exactly the same...
just bigger suckers this time around... and I'm impressed.
Its really not. That is a video game, you're paying Sega, they're taking your money and not getting any back. Win a PhotoFinish race and you win actual money. This is a great thread to learn new things with an open mind, you should try it sometime.
there was lots of money flying around on DOC...
sorry you don't like me pointing out that NFTs are interesting - but not unique. blockchain is not magic.
I said I found it fascinating. You say you find it interesting. Glad we agree
BTC and ETH continue to pump as the Genesis story gets worse:
Sometimes there is an unstoppable force in the investing world that can overcome any sized macro event, technical analysis or any other negative factors. That force thankfully was unleashed on crypto yesterday…
Wait till A.I. gets involvedBreeding NFT horses? Sounds like the old Facebook farm.
This does a way better job of explaining it than I can…
To the discussion above I do think this is essentially a video game, but at a much more immersive level.
And given how big video games already are, I wouldn't take that as an insult.
Another interesting use of blockchain:
Still waiting for sport teams and musicians to use blockchain for tickets, so they can capture a portion of the resells.
It’s very big with music festivals, a lot of them are selling NFT’s that give you tickets, pre-sales, vip experiences, etc. Agree that sports are probably not far behind
For those claiming SBF/FTX donated evenly to both parties
Sounds like Binance is still having issues:
Suspending without providing a reason is very strange.
Bob, do you have any idea what is going on?
Binance going bankrupt would be the last shoe to drop and very good for the long-term health of the crypto market. Can't trust CZ.
"The walls are closing in around crypto. Regulators hadn’t taken action against many of the industry’s biggest players, but are now cutting off access to products and services central to the digital-currency business.
On Monday, New York regulators shut down new issuance of the world’s third-largest stablecoin, BUSD, prompting investors to flee the coin and raising worries about the future of crypto exchange giant Binance, which gives the coin the “B” in its name.
Binance’s partner in issuing the coin, Paxos Trust Co., is facing a potential Securities and Exchange Commission lawsuit. A few days earlier, the SEC fined the parent of another big crypto exchange, Kraken, and forced it to stop offering a popular type of crypto-yield product to U.S. investors. Banking regulators are quietly pushing banks to cut ties with crypto customers, limiting their ability to plug into the real-world financial system"
On Monday, New York regulators shut down new issuance of the world’s third-largest stablecoin, BUSD, prompting investors to flee the coin and raising worries about the future of crypto exchange giant Binance, which gives the coin the “B” in its name.
Binance’s partner in issuing the coin, Paxos Trust Co., is facing a potential Securities and Exchange Commission lawsuit. A few days earlier, the SEC fined the parent of another big crypto exchange, Kraken, and forced it to stop offering a popular type of crypto-yield product to U.S. investors. Banking regulators are quietly pushing banks to cut ties with crypto customers, limiting their ability to plug into the real-world financial system"
Seems to be moving again in conjunction with high growth stocksCrypto is pumping today! Any reasons?
Operation choke point 2.0. Essentially cutting off on/off ramps from traditional banking to crypto exchanges. Its been escalating the last few weeks
BUSD being sold for BTCCrypto is pumping today! Any reasons?
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