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Is anyone else starting to become a bit worried? mod note in first post

Autochange

Bear markets
Fud
Regulation
Wall Street manipulation
The supposed tether ticking time bomb

What are your thoughts? Have you cashed out? Have you been buying the dips?

MOD NOTE:
Its good to see healthy debate and discussion taking place and I am sure every supporter of cryptocurrency and blockchain can agree that the contrarian viewpoint is worthwhile reading, if only to act as an anchor and help prevent investors from getting carried away in an echo chamber of "everything is wonderful, just keep going"

However, there have been a few reported posts recently which I did not action as I wanted to see the thread level out itself rather than start forcing viewpoints and I have been in two minds about that decision.

I'm not going to single any posters out but I'm going to ask that all posters read the forum charter and I want to point out that it was established years ago in the Television forum, that dropping in on a forum to tell the followers of that forums topic (in that case a particular tv show) that it was all crap and only idiots watched it etc etc was the exact definition of being a dick and attempting to troll. I know this because I was the mod of the forum at the time. Now look at the forum charter again.

There is pretty much one rule on this forum : if you cannot discuss in a civil manner, and I mean discuss, not soapbox or attack, then you have absolutely no business posting here and I have no qualms about removing your ability to do so.

This forum is for people that have in interest in cryptocurrencies, blockchain and their application to financial investments. that can be positive or negative but if you really feel the need to start pulling out memes / hiding insults in imaginary hashtags / attacking personalities or just generally being a dick there are other forums you can post in where I will let the local mods determine if it is within the scope of allowable behaviour. Here, it is not.

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Comments

deisedav

https://www.boards.ie/discussion/comment/119847710#Comment_119847710

cz giving sam the 2 fingered salute. Liquidating all ftx on Binance. Could be dark clouds on the horizon

Potatoeman

https://www.boards.ie/discussion/comment/119848384#Comment_119848384

Bit of a strange move refusing an otc trade. He might end up shooting himself it the foot. Sam seems to be cozy with US regulators and it could be seen as market manipulation. Intentionally drive the competition down to boost BNB.

Potatoeman

https://www.boards.ie/discussion/comment/119847772#Comment_119847772

Really, Dogecoin has a bigger market cap right now and has had for over a week. If you look at the price chart there’s more money coming into it. The tps and activity speaks for itself. Eth tps is 15 and solana is currently 2-4k down from 60k.

antimatterx

https://www.boards.ie/discussion/comment/119848708#Comment_119848708

I’m not a solana hater, it’s great tech, but it’s getting sold off. I’ve no doubt it’ll rebound, but <€20 incoming.

Potatoeman

https://www.boards.ie/discussion/comment/119848878#Comment_119848878

I hope so. I wouldn’t mind my 20 euro orders filled.

Potatoeman

https://www.bloomberg.com/news/articles/2022-11-07/ftx-sees-rise-in-withdrawals-as-binance-plans-to-sell-ftt-coin?leadSource=uverify%20wall

FTX sees withdrawals as Binance plans to sell FTT.

fritzelly

Set a buy order for btc last night at 18501, think I might need to revise it

fritzelly

https://www.boards.ie/discussion/comment/119849530#Comment_119849530

https://archive.ph/3RQ44

antimatterx

https://www.boards.ie/discussion/comment/119849487#Comment_119849487

Same. I missed out on Solana in the last, hoped it gets nuked ASAP and I can build a position.

antimatterx

Binance to acquire FTX

fritzelly

https://www.boards.ie/discussion/comment/119850020#Comment_119850020

Wreck the competition then acquire them

This is not good news for many reasons

[Deleted User]

https://www.boards.ie/discussion/comment/119850093#Comment_119850093

I don't think its too bad, CZ is at least an honest crook, the transparent way this has played out is fairly honourable

antimatterx

That was some reversal

antimatterx

The SOL trading range is volatile at. FTT is now falling as fast as luna

fritzelly

FTT is becoming a **** coin

BTC after nice bump is dumping like crazy

Antimatterx is psychic!

Thargor

Some dump this evening!

antimatterx

https://www.boards.ie/discussion/comment/119850348#Comment_119850348

I’m not physic, I just felt with the way the economy is heading, we’re not out of the woods.

Cool Fool

Is the Ponzi scheme unraveling ?

antimatterx

https://www.boards.ie/discussion/comment/119850822#Comment_119850822

Opportunity of a lifetime*

Cool Fool

https://www.boards.ie/discussion/comment/119850845#Comment_119850845

Stack dem sats?

Dohnjoe

I haven't bought yet, not even close, am still waiting for properly low prices. Wouldn't touch it until then.

Dohnjoe

https://www.boards.ie/discussion/comment/119850822#Comment_119850822

It's like a never ending Greater Fool scheme.

antimatterx

https://www.boards.ie/discussion/comment/119848878#Comment_119848878

This happened faster than expected. I think there’s more downside so I’m hanging on to see how things play out.

Potatoeman

Most exchanges down. Might see my 5€ Sol orders filled too.

[Deleted User]

Getting messy now. FTX were the biggest purchaser of Tether - the CTO of Tether (the CEO and CFO are never seen or heard from) has came out to say that FTX always paid for Tether with dollars. So Tether has 30 billion USD sitting somewhere. Not sure i believe that, so I’d say things are going to get even more interesting.

[Deleted User]

https://www.youtube.com/watch?v=s9Bg4UU76so

FTX CEO Sam Bankman-Fried has vanished from the Bloomberg Billionaires Index after his estimated personal wealth plummeted nearly 94% to $991.5 million in a single day.

LuckyLloyd

Apparently Binance now unlikely to complete the deal, following an initial look at the books. FTX / FTT to zero. Some real institutional money blown to dust this time, so expect serious ramifications.

bnt

CoinDesk is updating their coverage of this story:

https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/

silliussoddius

So what is stopping Binance form being the next one to fall? What have they done different to the others?

[Deleted User]

https://www.boards.ie/discussion/comment/119854158#Comment_119854158

That’s a great question. CZ and Binance are sketchy as hell. Nearly as bad as the Tether/Bitfinex crew.

If you are a true believer in Bitcoin/Ethereum then get your coins off exchanges. If you have a bag of shïtcoins then I’d sell and put it down to experience.