gosub
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explanation of what happened in the run up to yesterdayWhat about it. Random video?
explanation of what happened in the run up to yesterdayWhat about it. Random video?
Oh dear, how sad etcCrypto crashing hard upon news of the FTX controversy!
Exactly!Yeah but you lot are all forgetting that one still equals one, so it's all fine.
How much tax do you pay on your imaginary currency gains? In real money I mean?I'm mainly a bitcoiner, but I dabble in crypto/web3/defi/nfts so have contacts on both sides of that divide and the contrast in the reaction between the two was utterly stark.
Remember FTX made this video that was played during the Super Bowl. It tells people to invest in crypto even if they dont understand it. That worked out well.
I remember how at one time stories of how index tracking funds were the best investments were ubiquitous, supported by the evidence of the impressive gains over the preceding years. All the mainstream news sources were pushing it and over the following ten years or so the FTSE was more or less flat. Isn’t it always the way that as the smart money is looking for an exit point, Joe Public are the ones being encouraged to jump in and take it off their hands?It was when everywhere started getting plastered in adverts encouraging the clueless to “invest” that I knew a crash was around the corner. That’s a story as old as time.
Exactly!
I have honestly never seen my bitcoin telegram group as joyous as on Tuesday night, when the exchange rate was crashing it was like all their xmases had come at once.
I'm mainly a bitcoiner, but I dabble in crypto/web3/defi/nfts so have contacts on both sides of that divide and the contrast in the reaction between the two was utterly stark.
If I understand right, FTX invested its customers' money in companies (eg Alameda) owned by their investors. Now FTX are bankrupt, do the 'Alameda' companies get to keep all the money?
Right?Oh dear, how sad etc
Looking at this OP and hoping they bought a shit load go BTC...Has anyone ever used cryptocurrency before? I found one called Bitcoins. I think it's cool that this new form of money is in beta (4 bitcoins on the dollar at the moment... not bad, better than 2nd Life money, hnarf).
I think it's a cool idea, if bitcoin or one of the others ever did a facebook and became ridiculously "in" over the next 10 years, what would that do to the economy? Would it be like digital silver? Would iit be used by criminals to launder their ill-gotten gains? Would it be banned in the US, would they ban the internet? Is it anarcho-money?
it's a brave new world maaan, bitcoins.
Your not wrong thereBlimey. What a fuck up
It is still the case that almost everybody who bought BTC more than two years ago is still in profit (those who bought in one particular week in 2017 are now at a small loss). It still has a long way to fall.Looking at this OP and hoping they bought a shit load go BTC...
Looking at this OP and hoping they bought a shit load go BTC...
Remember FTX made this video that was played during the Super Bowl. It tells people to invest in crypto even if they dont understand it. That worked out well.
Tbf the "letting stupid people vote" thing has had some mixed results.
Crazy thing about FTX and many other crypto enterprises is the number of big institutions that bought into it. They really ought to have understood it but appear not to have. At all.