Cryptocurrency Contents Archive

so..... wtf?

If You Bought Bitcoin in December 2017, You Have Now Lost Money

Binance statement in full after not acquiring FTX

As a Result of Corporate Due Diligence, as Well as the Latest News Reports Regarding Mishandled Customer Funds and Alleged US Agency Investigations. We Have Decided That We Will Not Pursue the Potential Acquisition of FTX.com. In the Beginning, Our Hope Was to Be Able to Support FTX's Customers to Provide Liquidity, but the Issues Are Beyond Our Control or Ability to Help. Every Time a Major Player in an Industry Fails, Retail Consumers Will Suffer. We Have Seen Over the Last Several Years That the Crypto Ecosystem Is Becoming More Resilient and We Believe in Time That Outliers That Misuse User Funds Will Be Weeded Out by the Free Market. As Regulatory Frameworks Are Developed and as the Industry Continues to Evolve Toward Greater Decentralization, the Ecosystem Will Grow Stronger.

55 million S-O-L is being deactivated from staking right now with potentially the biggest dumping to take place in approx. 14h when the epoch ends !

Millions and millions are being destaked every hour it seems! We are currently at 56 million SOL destaked and counting ready for the biggest dump ever! There's 14h left of what seems to be the end of an era. Most likely once SOL enters the single digits domain it's gonna be an avalanche (pun intended) effect! You can check the progress here on this website [https://solanacompass.com/validators/change?epoch=370](https://solanacompass.com/validators/change?epoch=370) Apparently all these Solunavax thingies backed by VCs are meant to go to zero during this bear market that just entered a new dimension! People are starting to wake up to the fact that VC backed chains are only there for their own profit and once the shit hits the ceiling it's the retail that shall enjoy the rain. All these chains have a single point of failure, they're centralized and ready to be dumped heavily once the big guys start to look for exit liquidity aka you and other moonbois...

What the f*** just happened guys??? I don't get it. this is ridiculous!!!

my gf threw out my book with every phrase code, password, key, etc. I now have no crypto and can only internally scream.

I went to log into my wallet on a new computer and realized my book wasn't where I kept it. Asked gf because she cleans sometimes and she even went "the blue sloth book with your crypto logins in it?" Yet the conclusion is she had to have thrown it out. Make backups of everything and never let anyone know where any of them are. Keep one buried in an special location, keep one glued to your skin at all times. Just don't be as stupid as me and believe your stuff will be safe. Anything can happen. I'm done and out of crypto now for good though. Will forever remember this moment.

In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help.

JUST IN: Hole in FTX's balance sheet "possibly more than $6 billion" - Bloomberg

UPDATE: Binance Walks Away From FTX Deal - WSJ, Citing Company Statement

FTX is down

Became a wholecoiner, what’s the reason you think BTC will recover from all this? How will we escape this torturous market lol

Binance FTX deal is off unless FTX.US is part of the package: Source

Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals

I’m really sorry to @FTX_Official users. I cannot sugarcoat the situation: your money is stuck and you won’t be getting it back soon. NO ONE is going to acquire FTX. There are too many lawsuits and too many crimes performed on their books. Acquiring that liability won’t happen ,

I think I’m going to stick with BTC, ETH, and BNB as a beginner.

I’m just being honest. At this point, it’s only been a year and some change. But navigating crypto basically has taught me that the space is filled with guesswork and financial crime. Even the big guys. Like, to be completely honest… considering that between FTX and Luna, it seems like the huge projects with tons of attention are just shitcoins too. I’m trying not to get completely into the maxi mindset because I see people make money off other projects. But tbh, Bitcoin, ETH, and BNB seem to be the only reliable assets I can invest in without risking total failure. So being completely honest? Just speaking as a newbie, I feel like there are very few trustworthy projects in this space. Nothing is promised, but I’d rather go for security and longevity over moonshots and faith.