Bitcoin and other Crypto (cont.)

[LineSkiCat14]

At this point, I don't even look at my Coinbase Accounts. I'm sure in the future, this will take off, 10-20 years down the road.. but right now, it's just an investing gimmick to me. For every 1 person that became a millionaire, 10,000 lost a paycheck or two.

 

[WayneDougan]

I'm sure in the future, this will take off, 10-20 years down the road.

Lol... sure buddy.

 

[LineSkiCat14]

Lol... sure buddy.

Do you think it will be sooner or later.. or never?

Honestly, idk if it ever will do anything.. but at the very least, it seems applications for this are still far off.

 

[WayneDougan]

Do you think it will be sooner or later.. or never?

Honestly, idk if it ever will do anything.. but at the very least, it seems applications for this are still far off.

I thought you were referring to crazy speculation in the bitcoin market. As it being used as a currency for certain use cases / geographies, I am more bullish on that. But it will have to be stable to do so... and therefore no reason to jump in early.

 

[jameslee32]

Last night.

 

[jameslee32]

Today. Also heard some chatter that the uber rich are propping up BTC to keep it above $20k and the chart looks rather flat for the past month.

 

[WayneDougan]

BTC is going to 0

 

[jameslee32]

🤣

 

[jameslee32]

 

[jameslee32]

Tesla sold 75% of its BTC holdings worth $936 million and converted it to other currencies. BTC was having another rally today then immediately tanked after their quarterly earnings release.

 

[jameslee32]

 

[jameslee32]

 

[jameslee32]

Thousands of Solana wallets drained in multimillion-dollar exploit

The Solana attack comes hours after malicious actors abused a security exploit to steal almost $200M in digital assets from cross-chain messaging protocol Nomad

techcrunch.com

 

[jameslee32]

 

[WayneDougan]

View embedded media

Crypto is the future!

 

[jameslee32]

Crypto is the future!

Maybe but not ready for prime time just yet. Security, one of the major selling points over the years, has been biting crypto buyers in the ass.

 

[jameslee32]

 

[jameslee32]

BTC is back near $24k but all is not well.

Singapore-based crypto lender Hodlnaut suspends withdrawals

Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry.

www.reuters.com

 

[jameslee32]

US$4B in money laundering happened on DEXs, bridges and coin swaps: Elliptic

Criminals have used decentralized exchanges (DEX), cross-chain bridges and coin swap services to launder more than US$4 billion worth of illicit crypto gains, according to a research report by blockchain analytics firm Elliptic. See related article: SWIFT, Chainlink announce cross-chain...

finance.yahoo.com

 

[jameslee32]

Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy

Ex-CEO Alex Mashinsky and ex-CSO Daniel Leon pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.

www.coindesk.com

 

[chroix]

US$4B in money laundering happened on DEXs, bridges and coin swaps: Elliptic

Criminals have used decentralized exchanges (DEX), cross-chain bridges and coin swap services to launder more than US$4 billion worth of illicit crypto gains, according to a research report by blockchain analytics firm Elliptic. See related article: SWIFT, Chainlink announce cross-chain...

finance.yahoo.com

Absolutely shocking lol

 

[jameslee32]

FTX denies merger rumors yesterday and acknowledges them today.

Crypto exchange FTX saw $6 bln in withdrawals in 72 hours

Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message to staff sent by its CEO Sam Bankman-Fried that was seen by Reuters.

www.reuters.com

 

[jameslee32]

Look out below as crypto tries to find a bottom.

 

[jameslee32]

That's too bad.

Tom Brady and Steph Curry's Crypto Firm Looks For a Savior - TheStreet

FTX.com, exchange platform for buying and selling bitcoin and other coins, actively seeks a savior.

www.thestreet.com

 

[VaxxedObamaCat]

My friend is still an avid believer in Bitcoin but I just don't see it. I can't believe how much he has put into it. It seems so unstable. I don't know where the confidence comes from to stay the course.

 

[Lamar Card]

My friend is still an avid believer in Bitcoin but I just don't see it. I can't believe how much he has put into it. It seems so unstable. I don't know where the confidence comes from to stay the course.

Greed blinds people.

 

[Larry Skaggs]

Bitcoin is on sale. Going out of business sale

 

[vhcat70]

Bitcoin 16,000? Is that right? Recall 61,000 not long ago. Numbers must be mixed up.

 

[AustinTXCat]

FTX filed bankruptcy earlier today. CEO stepped down. I jumped briefly on the crypto train, but never seriously invested in it. Mined a little. Couple friends/work colleagues jumped heavy. I guess I'm too old school with equities and bonds.

Stay tuned.

 

[Ron Mehico]

FTX filed bankruptcy earlier today. CEO stepped down. I jumped briefly on the crypto train, but never seriously invested in it. Mined a little. Couple friends/work colleagues jumped heavy. I guess I'm too old school with equities and bonds.

Stay tuned.

I think crypto did a damn admiral job trying, but there’s too many powerful forces for anything to upend the dollar.

 

[hmt5000]

Good breakdown of the dude that is basically to blame. "FTX is backed by a slew of high-profile investors, including SoftBank Vision Fund, Tiger Global, Sequoia Capital, and BlackRock." This is going to further hurt the global economy though.

Also, here is his gf.... Never trust a billionaire with gf that looks like this.

 

[warrior-cat]

My friend is still an avid believer in Bitcoin but I just don't see it. I can't believe how much he has put into it. It seems so unstable. I don't know where the confidence comes from to stay the course.

My wife and BIL jumped in early and put a good amount into bitcoin against my warnings over it. Not sure where they stand now, they are not talking much about it. Me and my wife have separate accounts and I pay a larger part of the bills so she can invest hers since the only retirement she will have when she retires is SS, and whatever she has in her 401K (stocks she invest in) so, it does not affect my status other than me paying a larger portion of the bills.

 

[CaptainBoogerBuns]

View embedded media

Good breakdown of the dude that is basically to blame. "FTX is backed by a slew of high-profile investors, including SoftBank Vision Fund, Tiger Global, Sequoia Capital, and BlackRock." This is going to further hurt the global economy though.

Also, here is his gf.... Never trust a billionaire with gf that looks like this.

You’ve got to be kidding

 

[Larry Skaggs]

Save your cash for the crash

 

[hmt5000]

View embedded media

Good breakdown of the dude that is basically to blame. "FTX is backed by a slew of high-profile investors, including SoftBank Vision Fund, Tiger Global, Sequoia Capital, and BlackRock." This is going to further hurt the global economy though.

Also, here is his gf.... Never trust a billionaire with gf that looks like this.

Edit to add. Found out why he has a gf that looks like her... Her dad is really good friends with SEC chairman. 2 rival crypto wallets were investigated but not FTX even though there were apparently questions about their business going back a few years.

 

[jameslee32]

pussycat being an investor seems like peak Crypto.

 

[jameslee32]

😲

 

[812scottj]

Told ya…fools gold

 

[jameslee32]

 

[jameslee32]

Genesis Trading Warns of Possible Bankruptcy as Post-FTX Fundraising Falters: Report - Decrypt

Having earlier suspended lending services, the crypto giant may be the latest victim of 'crypto contagion.'

decrypt.co