If i, as an ex'hobby miner can get one like in a btc hate thread i'll share an interesting pic i found on my lappy last night, little blurry but totally clear and total truth of crypto mining. You folks would appreciate it i think, it's from a pro-mining standpoint, but the truth is there.
Binance's CEO Warns Crypto Crisis Is Not Over I can only hope this crypto crisis goes on forever and it gets worse and worse.
Bad news for thousands of crypto investors: They don't own their accounts https://www.yahoo.com/finance/news/bad-news-thousands-crypto-investors-000549637.html
I haven't really kept up with crypto beyond mining and cashing out some small-time funds, but I was under the impression not to store large amounts of it on anything that wasn't your own local file or hardware wallet. Is all this fallout the result of people having their crypto on someone else's platform?
Scams, inside of scams, inside of scams. This crypto meltdown is amazing and impressive. Madoff now seems like an amateur.
What a disgrace of human being ! He should be force to get a vasectomy or castrated as we dont want him to reproduce ever FTX’s Sam Bankman-Fried Just Launched a Substack Where “Founding” Subscribers Can Pledge $150 per Year to Aid the Disgraced CEO Now you can provide financial aid to FTX's former CEO, Sam Bankman-Fried (SBF), by subscribing to his substack feed and becoming a voluntary pledgee. No, this is not a joke! Just moments ago, Sam Bankman-Fried published the first blog on his personal substack page. Moreover, as is evident from the tweet above, those who remain sympathetic to the disgraced CEO's cause now have the opportunity to contribute to his financial well-being. Apparently, stealing billions of dollars from FTX's clients was not enough to satiate SBF. In his blog, Sam Bankman-Fried attempts to present his own point of view on how things got so very wrong at FTX. SBF blames leverage, the failure of Alameda to adequately hedge its positions, and the supposedly nefarious role that Binance's CZ Zhao played in bringing about one of the largest bankruptcies in America's corporate history. Apparently, everyone is to blame other than SBF. source - https://wccftech.com/ftxs-sam-bankm...pledge-150-per-year-to-aid-the-disgraced-ceo/
From my experience with trading cryptocurrencies, the prices can always fall, but prices will get even higher after some time. This happened in the past, and I'm sure the prices will get back to 60000$ or even higher. That is why I already have some BTC on hold in my crypto portfolio, but now I'm mainly trading with fiat and stocks because the cryptocurrency market is too unstable. I choose to trade only with specialized services like the ecn trading platform. This platform offers a wide range of tools and valuable features for traders that increase profits by a good value.
Justice Department arrests head of China-based crypto exchange operating on dark web . . Bitcoin price plummets amid major DOJ crypto announcement . . Crypto exchange Binance calls for flood of ‘salute’ emojis as DOJ announces crypto action What a day...
The fact that it's a go to instrument for every possible paid unlawful action in the world? And people who buy/trade with it artificially increase gains from such actions?
And it has no intrinsic value. Some people truly think it's the future but like everyone else who buys it, even they are doing it in the hope/belief it will rise in value. If it doesn't keep going up in value, it's worthless to the vast majority of people who invest in it. That's textbook bubble. I think it will expand and pop again, probably many times. Who knows how high the highs will be or how lows the lows will be. There will be money to be made along the way but eventually it will fade away IMHO. The blockchain Bitcoin is based on is not scalable enough to ever become a viable currency and it's too inneficient from a energy POV. 1 Bitcoin transaction produces 370kg of CO2. You can do 1.5million Mastercard transactions for the same amount of energy.
That's a nice PR reason. I'm more convinced people are just salty about not jumping in on the train in time There's more to it than there being enough people here caring enough about others to be concerned with what other people are doing "unlawfully" with crypto, especially to fuel a 23-page thread about it.
Yes, it's good PR for morally corrupt individuals. You would be surprised, but there are people among us, who have some moral standards behind their financial decisions.
Tbh any form of money will be used for illegal actions. Bitcoin is or isn't easier. But for criminals it's not always the better choice.
