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Posted

Even Binance doesn't believe in crypto anymore:

https://www.bbc.com/news/business-63577783

"FTX: Cryptocurrency giant Binance walks away from bailout"

 

https://www.economist.com/finance-and-economics/2022/11/09/the-spectacular-fall-of-ftx-and-sam-bankman-fried

The latest crypto Ponzi to collapse.

 

https://www.nytimes.com/2022/11/09/technology/cryptocurrency-binance-ftx.html

The crypto religion is running out of suckers to fool.

  • Like 1
Posted
1 minute ago, tubby johnson said:

Even Binance doesn't believe in crypto anymore:

https://www.bbc.com/news/business-63577783

"FTX: Cryptocurrency giant Binance walks away from bailout"

 

https://www.economist.com/finance-and-economics/2022/11/09/the-spectacular-fall-of-ftx-and-sam-bankman-fried

The latest crypto Ponzi to collapse.

 

https://www.nytimes.com/2022/11/09/technology/cryptocurrency-binance-ftx.html

The crypto religion is running out of suckers to fool.

Bad deal upon inspection of finances. Nothing to do with crypto overall.

 

Your ignorance is incredible.

  • Thumbs Up 1
Posted
4 minutes ago, VinnieK said:

It might go to 0 where it belongs.

Cryptos had some merit as 'guerilla' payment systems, bypassing gooberments and such.

The moment they became speculative, it was game over.

Live by the sword die by it.

 

Cause 1 exchange goes bad? So if one bank collapses the dollar is worthless? Same thing.

 

Banks have collapsed before.

 

Never heard of Bearings? GFC?

 

 

  • Thumbs Up 2
Posted
36 minutes ago, Sparktrader said:

Never heard of Bearings?

 

 

Rough Trader did centuries old bank. I reckon 1998? That was fun to watch )

Posted (edited)

Bought some before it crashed, as it was not technical at all but al related to the FTX thing. As we seen so many times in the past, if that causes the price to crash, just as easy it is going to make it's recovery, and after that, it still is gonna go up quite a bit higher again, to it's cost price of around 23K USD today average.

So yeah, I bought more already, and will keep adding more too. Just don't do that if you need it back in dollars within a few months already. Excellent for a 6-12 months or longer.

 

I mean, you get 0.10 BTC for just 1600 dollars, that's cheap as chips. I find the negative people to also always think you need to buy a whole BTC, and therefore you must be crazy as it's right away a 15K plus investment. Funny as even 160 dollars is worth it.

Edited by ChaiyaTH
Posted
21 minutes ago, chippendale said:

Your gullibility is incredible.

 

"I made millions in Monopoly money, but then we got sick of playing and I was left with nothing."

Btc isnt monopoly money. Your comparison is stupid. Btc is a currency in some nations.

  • Haha 1
Posted
25 minutes ago, ChaiyaTH said:

Bought some before it crashed, as it was not technical at all but al related to the FTX thing. As we seen so many times in the past, if that causes the price to crash, just as easy it is going to make it's recovery, and after that, it still is gonna go up quite a bit higher again, to it's cost price of around 23K USD today average.

So yeah, I bought more already, and will keep adding more too. Just don't do that if you need it back in dollars within a few months already. Excellent for a 6-12 months or longer.

 

I mean, you get 0.10 BTC for just 1600 dollars, that's cheap as chips. I find the negative people to also always think you need to buy a whole BTC, and therefore you must be crazy as it's right away a 15K plus investment. Funny as even 160 dollars is worth it.

Negative people don't know what a blockchain is or a smart contract.

 

They just highlight their lack of knowledge.

 

It's like saying the internet has no value cause you cannot see it.

  • Thumbs Up 1
Posted
5 minutes ago, Sparktrader said:

Negative people don't know what a blockchain is or a smart contract.

 

They just highlight their lack of knowledge.

 

It's like saying the internet has no value cause you cannot see it.

Well most people have no clue what the business model or details are, of any stock they hold, either.

  • Haha 1
Posted

Blockchain increases trust, security, transparency, and the traceability of data shared across a business network — and delivers cost savings with new efficiencies

 

https://www.ibm.com/au-en/topics/benefits-of-blockchain

 

Benefits of smart contracts

Once a condition is met, the contract is executed immediately. Because smart contracts are digital and automated, there's no paperwork to process and no time spent reconciling errors that often result from manually filling in documents.

https://www.ibm.com/au-en/topics/smart-contracts

 

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