I’m not a robot money guy. Is this good?
I’m not a robot money guy. Is this good?
Filecoin (FIL) was already a disaster before today.
It was at $180 in late March 2021. It was still around $82 at the beginning of 2022, and now it's worth $3. The decline today from $4 to $3 isn't news unless you still think this failcoin is going to bounce back.
Damn Sonatine. I almost bet Binance would be next. I looked to check the odds this afternoon. I checked again at dinner and Binance & Binance US are locked out. Poking around hyper quick. Just scanning
+2000
I just couldn’t push the button.
If I had read your morning post I woulda been very +EV. Crypto was last on the list of my concerns today.
Been poking around - CZ is gonna get served. I’m pretty certain. Minimum money laundering (washing with BNB accounts/wallets) Conspiracy of a couple varieties.
Institutional money is fleeing.
Then the audit issue. The CNBC interview
You knew.
Crazy times. The web that extends out from FTX …..
Last edited by Sanlmar; 12-16-2022 at 11:23 PM.
15 Billion withdrawn in a month and they haven't gone bust yet. I guess Binance is gonna get the ultimate audit by having everyone withdraw their funds. We shall see what happens.
https://twitter.com/nansen_ai/status/1603949786771517440
Rage Against the Machine
Rage is all about this Sleep now in the Fire
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
legend.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Lol. I appreciate you brother. Happy Holidays.
dogecoin just flipped coinbase
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
In the early days of Coinbase, back when MtGox crashed, I actually was able to chat with one of the owners on there, and I asked him why I shouldn't be worried with them after what happened with Gox.
Now a decade later, Coinbase is in questionable shape. Was very sad watching them decline from great customer service into a total piece of shit.
I know I've mentioned it before but it's a good lesson on insolvency and relates to current crypto exchanges.
Back in 2008 I played on Battlefield poker (a skin of microgaming). I never thought anything of it. Microgaming was very well established and regulated. Then one day without warning I logged on and while I could type in chat could not access my balance or play in any games. I came to find out the following.
-Microgaming had kicked off 25 skins from the network with zero notice (all 25 skins belonged to something called the TUSK group). Turned out each skin was responsible for their own players money and making transfer payments to microgaming. After a several year liquidation I learned the following.
1) Players were only paid out about 15% of their balance (5 million of dollars missing).
2) Although all skins had legal agreements that players money would not be used by operators (held in trust) there was zero oversight and recourse.
3) With 80% of players money lost there were zero warning sings of money troubles beforehand (the most scary part)
I see a lot of online exchanges the same today as those skins back then.
Coles notes: By the time the warning sings come it will likely be too late.
For more detailed version of what went down. The responses by the operators are particularly troubling.
https://forumserver.twoplustwo.com/2...d-5-3m-452491/
Last edited by BetCheckBet; 12-20-2022 at 05:22 AM.
i just didnt/dont see a play here beyond like naked shorting which tbh is like watching paint dry compared to flailing around the ES order flow.
worse still coinbase is going to be one of the last to die, meaning its going to do that 'nose of the titanic' shit over and over on the way down as liquidity with nowhere else to go in the space accrues in it momentarily on its way to zero.
if you want to make a great pelosi play, sure, grab LEAPs or whatever i guess..? personally i want to go after the weakest members of the herd, not the strongest.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
One of the largest US publicly traded Bitcoin miners, Core Scientific, is filing for bankruptcy
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Meme is back baby
AMC, Bed Bath, GameStop & crypto
Im not calling for any great bounce back…. But a whole lot was working against Bitcoin the past few months and it held ~$17K as a floor.
It can always get worse from here, but I feel comfortable saying we will trade in the 20’s shortly and it will probably hold for a long while.
Is Gemini still okay? Want to throw some money on acr don't want it in llimbo
There are currently 8 users browsing this thread. (0 members and 8 guests)