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Message
re: Crypto exchange FTX declares bankruptcy
Posted on 11/12/22 at 11:31 am to epbart
Posted on 11/12/22 at 11:31 am to epbart
quote:
Of course, he's going to perpetuate the notion of BTC being a scam
He jumped on China's back and sent btc nosediving to $3500 years ago only to buy hundreds of millions worth after he helped crater the price.
1
Posted on 11/12/22 at 12:58 pm to Jones
quote:
He jumped on China's back and sent btc nosediving to $3500 years ago only to buy hundreds of millions worth after he helped crater the price.
If I'm understanding you, Dimon, after continuously calling BTC a scam, colluded with China to crash the price and then buy it.
If so, just reinforces the idea that the centralized players can't be trusted and won't ever keep their word. Dimon has no business touching it or influencing it based on his public stance.
Posted on 11/12/22 at 4:01 pm to epbart
quote:
colluded with China to crash the price and then buy it.
Not exactly. China was threatening to basically shutdown crypto for the 10th time. While this was going on btc started tanking, Dimon loaded up on the fud train and helped it go down even more.
Iirc, a Swedish whistleblower(I can't remember the nationality) released documents showing all the big crypto purchases when it bottomed out and Dimon and company were the 2nd biggest purchaser of BTC
Posted on 11/12/22 at 8:30 pm to Jones
Dems vote for aid to Ukraine. Money goes to Ukraine. Ukraine invests it in FTX. FTX gives it to Democrat Party. And then oops we are bankrupt. SBF gets protection. And it will be out of the news cycle in a month. Joe schmo who had money in FTX is broke. And they push for crypto regulation.
Posted on 11/12/22 at 8:33 pm to Delacroix22
quote:
Ukraine invests it in FTX
LINK?
And please don't use the charity fund.
Posted on 11/12/22 at 8:35 pm to boosiebadazz
quote:
The only coin that has some extrinsic value is BTC as it can be used in the real world to purchase goods. But that utility as currency is not the sole price-driver of it. Its value is still largely driven by the arbitrage, either long-term or short-term, you just described.
Not true. I can buy anything from someone with any coin if they have an address for me to send it to.
Posted on 11/12/22 at 8:39 pm to Delacroix22
You can prove that and I'll go back to calling it key-ev instead of Keef.
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