The Crypto Story Gets Even Worse!

More bad news from the fallout from FTX, with derivatives and lending now under questions. Genesis, derivative business has a hole and Gemini is also under pressure. The industry is tied in knots, and the links back to major players means risks are stacked on risks, totally unregulated!

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  1. In millions of years the dominant species will study us and not understand that it was greed that ended our existence… Instead they'll hypothesize that it was an asteroid.

  2. Where are all the crypto fanatics now? No more "enjoy being poor boomer" comments?

    All these stupid, liquidity drunk crypto cultists mistaking massive fed currency injections for a true and fundamental case for these ponzi coins. Who is laughing now?

  3. Malinvestments have pinched the already belegared energy market. Investments in Real™ energy are renewed.
    Unfortunately, these things take time to implement, and even longer for ROI. The banging of train cars will absorb much of this needed increase in investment. Add to that, the dearth of panic to realize gains will "fog of war" a good portion of the due diligence of investments.

  4. Keep in mind that these bloods have a lot of experience in worldwide confidence tricks. Would they have reason to push negetive confidence in bitcoin? You know it girlfriend.

  5. The funny thing is people will still spruik any form of digital currency even if existing versions drop to $0 or if people are charged for criminal activity. This is because what people learn from history is that people don't learn from history even if it was within the last two decades.

  6. It seemed for a little while, that Crypto would replace the need for 5 axis CNC milling machines.
    Remove the need for anyone to need to work on a farm operating a harvester to trade their time for money.
    Remove the need for good schools and education, because ultimately the only reason to go to school and get good grades, was to get a job and earn good money.
    Crypto trading would have made all that obsolete?
    What happened?

  7. Martin it’s time to stop taking about “crapto” and go do 100 hours of research on Bitcoin and come back and speak to us. Until then you are ruining your credibility. It’s not hard to work out the difference between the two. Bitcoin is decentralised, the rest are not.

  8. I feel it was easy to be scammed into thinking exchanges were secure wallets. Even if I believe in BTC ETH or Litecoin, you never owned it. Tulips aside… I don’t expect ASIC to cover my sceptical 300 bet in Digital Surge but you have to wonder why ASIC et al allowed people to run SMSF’s with this mob. Anecdotally I fear many will face grave hardship. I’ve reported on too many suicides already.

  9. Why do all the nay-sayers not understand the simple point that the asset/technology is irrelevant when the problem is simply that it was a person who was dishonest and scammed everybody?

    It’s as if some kid slashed everyone’s tyres around the neighborhood and a bunch of lycra-clad cyclists come out and said “See? Cars are garbage. Your cars are worthless now. We need to regulate cars more. Noone should own a car. Everyone should just ride bikes”.

  10. I love the grounded reality of this channel… TA is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put on day trading as it is less affected by the unpredictable nature of the market. I have made over 1.8btc from day trading withJames Wilson insights and signals in less than 2 weeks, this is one of the best mediums to backup your assets in case it goes bearish.<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is the right time to invest? before jumping to a conclusion I think you should take a look at things first.. while others still continue to trade without the fear of making a loss, others are being patient. it all depends on the pattern with which you trade and the source of your signal. You can reach James Wilson on ͲeIєɠɾαm

    (Jameswilson21) He runs a program for investors/newbies who lack an understanding of how trading Bitcoin works.

  11. Sorry, this is pure FUD. Nothing about this is a crypto problem. This has been caused by centralized financial systems, regulated by corrupt and incompetent govts under the guise of cryptocurrency. Swap cryptocurrency for property and you're seeing 2008 play out again. The only thing crypto is doing is exposing legacy financial systems for what they really are; corrupt, incompetent dinosaurs that should have died off a long time ago. show me a defi platform that has failed?

    You need to get your story straight and differentiate between centralized finance dressed up as crypto and true, decentralized cryptocurrency platforms. you also need to realize that these centralized traditional players are ultimately clueless about true decentralized technologies and, through their incompetence, are going to torpedo a financial system built, truly, for the people.

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