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re: Official CryptoTalk Thread

Posted on 5/12/22 at 9:02 am to
Posted by jmcwhrter
Member since Nov 2012
7760 posts
Posted on 5/12/22 at 9:02 am to
quote:

This whole episode is going to be exhibit 1 for the regulation that’s coming in the US


ya know... I used to think this. "There's no way they let all these people become millionaires this easily"

But look at the post above about the guy buying millions worth of Luna only to watch it lose 95% of its value

For every 1 guy that buys LINK at $5 and sells at $45, there are 10 that bought at $45 (expecting 200) and are now holding at 5 before they eventually capitulate and sell at $3-4
Posted by TigerDeBaiter
Member since Dec 2010
10676 posts
Posted on 5/12/22 at 9:02 am to
The guy literally emptied the treasury wallet. He gone.

Richard Heart worshippers take note. Your next in 2026
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5576 posts
Posted on 5/12/22 at 9:21 am to
quote:

Richard Heart worshippers take note. Your next in 2026


Today TigerDebaiter chose violence
Posted by umrebel2009
Member since Feb 2010
8579 posts
Posted on 5/12/22 at 9:27 am to
the treasury was sold for UST to try and regain the peg
Posted by Parallax
Member since Feb 2016
1458 posts
Posted on 5/12/22 at 9:29 am to
quote:

Richard Heart worshippers take note. Your next in 2026


This guy screams fraud.
Posted by castorinho
13623 posts
Member since Nov 2010
86884 posts
Posted on 5/12/22 at 9:34 am to
quote:

And here I am too scared to do anything
this is usually the dilemma. People set a price target, but when that target reaches, they get scare and don't jump in then regret when things recover.

If things haven't fundamentally changed in your opinion, then just go for it. DCA to buy yourself some room.
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/12/22 at 9:49 am to
quote:

Richard Heart worshippers take note. Your next in 2026


Care to bet?
Posted by Chuckiee
Member since Jan 2007
2604 posts
Posted on 5/12/22 at 9:53 am to
quote:

This guy screams fraud.


Do you know anything about him or just judging based on a website?
Posted by FnTigers
Member since Sep 2021
2625 posts
Posted on 5/12/22 at 9:54 am to
quote:

Richard Heart worshippers take note. Your next in 2026
Yeah, the guy with no victims. The Multi-billionaire who actually created a safe yield product. Not some counterparty bullcrap like most here love!!

RH has minted more millionaires than you could ever dream, and he'll continue to do so. He never sold a single hex nor will he ever need to.

I worship no one but Jesus. Richard ain't God. Not even close. But he's about the only in the space who is honest and is truly helping people.

The influencers, who you worship, are the ones who are the real scammers.
Posted by FnTigers
Member since Sep 2021
2625 posts
Posted on 5/12/22 at 9:54 am to
quote:

Care to bet?
Better escrow because that clown would never honor a bet.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 5/12/22 at 10:02 am to
quote:

Richard Heart worshippers take note. Your next in 2026

This guy screams fraud.


The multi billionaire who writes and gives away self help books and raises millions for charity is a fraud? Good one.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29257 posts
Posted on 5/12/22 at 10:05 am to
Coinbase just issued a major warning that they do not believe they have the funds to pay their customers. If you are holding money in coinbase get it out ASAP!
Posted by AUCE05
Member since Dec 2009
45142 posts
Posted on 5/12/22 at 10:08 am to
Where? I see where they clarified bankruptcy laws, but not what you are saying.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 5/12/22 at 10:08 am to
quote:

Coinbase just issued a major warning that they do not believe they have the funds to pay their customers. If you are holding money in coinbase get it out ASAP!


Is this true?

Posted by WG_Dawg
Member since Jun 2004
89740 posts
Posted on 5/12/22 at 10:10 am to
quote:

Coinbase just issued a major warning that they do not believe they have the funds to pay their customers. If you are holding money in coinbase get it out ASAP!




link?
Posted by WG_Dawg
Member since Jun 2004
89740 posts
Posted on 5/12/22 at 10:13 am to
Yesterday they tweeted out a link to this announcement on their site:

quote:


TLDR: Your funds on Coinbase are protected, secure, and yours.
You may have heard some noise recently about who owns your assets and what claims Coinbase creditors may have to them. The reality is that your assets are... your assets. Not ours or anyone else's.
We want to reiterate these two important points for anyone who has questions.

First, and most importantly, your funds are safe at Coinbase, and they always will be.

As we’ve said for years in our User Agreement with you (Section 2.6.1.) your assets are just that--yours. Not ours or anyone else's. Customer retail funds are and always will be accounted for entirely separately from our corporate accounts. We’ll say it again. Your funds are your own. They have been and always will be accounted entirely separately from our corporate accounts.

Second, our business is healthy and we are committed to crypto for the long-haul.

Market conditions have changed due to a large number of factors, and their impact extends beyond crypto and tech. Our balance sheet remains healthy and we will continue to invest in the products and ventures that will create better experiences and value for our users.

Coinbase was founded in 2012 and we’ve emerged from every single cycle to date stronger and more focused on our customers. We will never waver in our commitment to the security of your funds that you’ve entrusted to our platform. We are here for the long-haul.


Of course that doesn't necessarily mean anything from one hour to the next, but still.
Posted by FnTigers
Member since Sep 2021
2625 posts
Posted on 5/12/22 at 10:13 am to
quote:

Coinbase just issued a major warning that they do not believe they have the funds to pay their customers. If you are holding money in coinbase get it out ASAP!
True or Not, your crypto isn't yours if you don't own the keys.

Regardless of what a CEX tells you, get your (technically not even yours) coins off of the exchanges.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29257 posts
Posted on 5/12/22 at 10:14 am to
Daily Mail

“ Coinbase warns customers may lose ALL their money”

“Popular digital currency exchange Coinbase warned users could lose all of their money if the company goes bankrupt - after the downturn led to a 27 per cent fall in its share price.“
Posted by AUCE05
Member since Dec 2009
45142 posts
Posted on 5/12/22 at 10:15 am to
In there quarterly report, someone read where if CB claimed bankruptcy, there is an order to payout. But this is the same with Microsoft, Uber, etc. Some reporter pulled that out and wrote an article. This is typical language you will find in a 10k, etc.
Posted by WG_Dawg
Member since Jun 2004
89740 posts
Posted on 5/12/22 at 10:19 am to
quote:

“ Coinbase warns customers may lose ALL their money”

“Popular digital currency exchange Coinbase warned users could lose all of their money if the company goes bankrupt



yes we knew that a day or two ago. That is not even remotely close to what you posted though:

quote:

they do not believe they have the funds to pay their customers.

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