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re: Official CryptoTalk Thread

Posted on 11/8/22 at 11:35 am to
Posted by DVinBR
Member since Jan 2013
14654 posts
Posted on 11/8/22 at 11:35 am to
China trying to dominate the crypto market? We're okay with this?

eta: Never heard the news they moved out of China. Nevermind
This post was edited on 11/8/22 at 11:38 am
Posted by JLivermore
Wendover
Member since Dec 2015
1640 posts
Posted on 11/8/22 at 11:41 am to
CRYPTO EXCHANGE FTX SAW AROUND $6 BLN OF NET WITHDRAWALS IN 72 HOURS BEFORE TUES MORNING - CEO SAM BANKMAN-FRIED IN TELEGRAM MESSAGE TO STAFF

Posted by TigerDeBaiter
Member since Dec 2010
10485 posts
Posted on 11/8/22 at 11:42 am to
This will get interesting… it’s non binding… perhaps an exit liquidity play. It seems CZ is continuing to dump FTT.

Yeah, people should have gotten coins off FTX a few days ago. There were chatters
Posted by Diseasefreeforall
Member since Oct 2012
6741 posts
Posted on 11/8/22 at 12:14 pm to
I remember a time when Sam Bankman-Fried was the cowboy who rode in and was going to save the world from failing exchanges.
Posted by TigerDeBaiter
Member since Dec 2010
10485 posts
Posted on 11/8/22 at 12:17 pm to
Crypto is literally a Ponzi scheme. It’s one ponzi bailout after another. Might just be a controlled demolition of the entire space.

Everything, save bitcoin, is a joke
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43473 posts
Posted on 11/8/22 at 12:22 pm to
quote:

Everything, save bitcoin, is a joke



Strong disagree here.

All of these CEXs are building ponzis and cratering. Well-built smart contract protocols have been fine.
Posted by BottomlandBrew
Member since Aug 2010
28452 posts
Posted on 11/8/22 at 12:23 pm to
Longs rekt. Then shorts rekt. Longs rekt again. Just a normal day in crypto.
Posted by BottomlandBrew
Member since Aug 2010
28452 posts
Posted on 11/8/22 at 12:30 pm to
Do Kwon and Martin Skreli currently on UpOnly

edit: Well, in the time it took me to post, Do Kwon logged off.
This post was edited on 11/8/22 at 12:31 pm
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 11/8/22 at 12:31 pm to
Musk denied an investment for Twitter from ftx i heard. Binance invested 500m. He knows the good people.
Posted by Diseasefreeforall
Member since Oct 2012
6741 posts
Posted on 11/8/22 at 12:39 pm to
Just the sheer volume of FTX ads that popped up everywhere made me wonder if they were on a reckless path of growth at all cost. The umpires in the World Series had FTX patches on their uniforms.
Posted by Diseasefreeforall
Member since Oct 2012
6741 posts
Posted on 11/8/22 at 12:39 pm to
dup
This post was edited on 11/8/22 at 12:40 pm
Posted by j1897
Member since Nov 2011
3935 posts
Posted on 11/8/22 at 2:25 pm to
So decentralized crypto, is basically becoming centralized.


How are ya'll still falling for this crap?
Posted by CE Tiger
Metairie
Member since Jan 2008
41786 posts
Posted on 11/8/22 at 2:47 pm to
Well I’m basically all ledger now. Maybe I’ll take it out of my safe when my kids are in high school
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 11/8/22 at 2:48 pm to
The hash rate of the Bitcoin network after the China ban on mining was sliced from approximately 170 EH/s to approximately 83 EH/s. It currently sits at approximately 280 EH/s. The actual decentralized part of Bitcoin has never been more robust.
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 11/8/22 at 3:04 pm to
You're not mentioning Binance playing with SBF and fricking with the FTT token price too. I'm glad to see it; SBF was bad for bitcoin.
Posted by LordSaintly
Member since Dec 2005
40625 posts
Posted on 11/8/22 at 3:08 pm to
quote:

Well I’m basically all ledger now.


I'm going to finally unbox mine tonight. Things were looking better until now.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21058 posts
Posted on 11/8/22 at 3:12 pm to
And also good to mention the big difficulty adjustments that have hit the BTC mining chain recently as well

Love it or hate it BTC is what true decentralization looks like
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21058 posts
Posted on 11/8/22 at 5:30 pm to
Wow quiet in here … so can we reset for a moment and maybe come up with a list of 5-10 ACTUAL coins worth looking at / holding/ investing in out of this winter that could be game changers in crypto? Shitcoins are going to 0 , so what’s left?

My list is simple:

BTC


ETH
XMR

then… (with much less or even no conviction)

MATIC
SOL
BAT

Currently no view on ADA, ALGO, XRP but willing to listen/learn

Thoughts ?
Posted by brdrone
wanderer
Member since Jul 2016
208 posts
Posted on 11/8/22 at 8:19 pm to
Few will pick all the winners-
This board loves LINK and it looks strong this bear. Big news coming in Dec.
And do you even ISO 20022?
XMR ----> QNT / ALGO / XRP

BAT ----> THETA for weird longshot use case shitcoin

Find a gaming play since that is an actual use of crypto. ENJ CHZ SAND GALA etc
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21058 posts
Posted on 11/8/22 at 8:24 pm to
quote:

FIND a gaming play since that is an actual use of crypto. ENJ CHZ SAND GALA etc


I didn’t understand half your post, but this I agree with. There will be some huge winners coming out of that space
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