the dollar is still king

[sbcbmx112]

Don't store your coins on an exchange and none of this matters to you.

[superstriper]

2 mins ago, sbcbmx112 said:

Don't store your coins on an exchange and none of this matters to you.

but it matters to the long term viability of crypto-if the exchanges die crypto in its current form will

 

simple question for you if biance was to go under(not saying it will be two weeks back the experts said FTX was safe) do you think it is a problem

 

 

 

[sbcbmx112]

35 mins ago, superstriper said:

simple question for you if biance was to go under(not saying it will be two weeks back the experts said FTX was safe) do you think it is a problem

of course it's a problem but it certainly won't kill crypto

[woowoo2]

1 hour ago, sbcbmx112 said:

Don't store your coins on an exchange and none of this matters to you.

Sure it does, it makes the public not trust the fake currency.

And, there will be less places to cash it in.

 

I would have $50 bucks worth of common garden tools than $50 worth of Crypto.

[superstriper]

29 mins ago, sbcbmx112 said:

of course it's a problem but it certainly won't kill crypto

i disagree -if there is no trust or no exchanges it will never be viable long term-bitcoin is going to be in the 15k by tomorrow and if Binance backs out which is sounds like they will 10k is next

[sbcbmx112]

[Surf bomber]

Cash is king …and make my cash in dollars … with in god we trust accross the top 

Edited November 11, 2022 by Surf bomber

[superstriper]

FTX being investigated by the feds-

funny the bankman promoted crypto as a safe alternative the the dollar, now he is begging everybody and their cousin for real money to back up his massive losses he has with his "safe money"

If Binance ever goes it is game over-funny thing is some believe Binance is actually a front for the Chinese government 

 

 

[superstriper]

22 hours ago, sbcbmx112 said:

different times-exchanges are now going belly up and are proving to have no liquidity -feds will step in as shown already with FTX 

 

[superstriper]

FTX files for bankruptcy

bankman quits

terrible look for the industry

dominos are starting to fall

who will be next

it is ironic that all of  these companies that were invested in the "safe alternative" to the dollar lost all of their money

I suspect in the end Bankman will have serious legal and maybe criminal charges-billions of dollars gone...

[aae0130]

2 hours ago, superstriper said:

If Binance ever goes it is game over-funny thing is some believe Binance is actually a front for the Chinese government 

 

 

No way…..who in their right mind would think a currency originally designed to be untraceable for use on the dark web for drugs and human trafficking would be something cooked up by the Chineses? 

[Hook I]

2 hours ago, aae0130 said:

No way…..who in their right mind would think a currency originally designed to be untraceable for use on the dark web for drugs and human trafficking would be something cooked up by the Chineses? 

  back in the 70's we had a guy in the neighborhood who lost is eye because he got the wrong kid involved in the Ponzi scheme