Alameda is next

[Covertibility]

https://twitter.com/x/status/1590374418639130626

 

[RedDuke]

The same is true for all stablecoins, Tether being the biggest fraud that propped up the markets. There was very little new money coming in the last 2 years. Most are aware of the fraud and SEC did a good thing as well by using it as one of the reasons to reject the ETF applications every month for the last few months.

It only created loud voice in the BTC cabal as the fake money propped up the markets and they were looking to dump and exit on noobs. But most of it is just earlier investor vs anyone coming new and of course traders who couldn't care less but go with momentum.

yes, I have been saying this for years about Tethers, but did not expect this from FTX.

 

[Pekelo]

How is this allowed to exist ?????

His name is Bankman, and resides in the Bahamas. Cryptos are also unregulated.

It is banking like it is 1899!

For those who missed history class: In the 19th century there were so many currencies in the US and banks failed left and right all the time. There was a bank panic in every 8 years on average.

Now crypto fans learnt about fractional reserve exchanges....

 

[Pekelo]

Too smelly, they don't want it anymore:

https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fyqvjvi%252F

If it goes like this, I have to put John back to my read list by tomorrow, 1K to go to 15K.

 

[The_Krakenite]

I'm going to send more fiat into Wealthsimple tonight, and try to lay in wait after it settles.

10-year Canadian bond is 3.5% And I can get the same staking Ethereum with them. Most I could lose is full investment. But there are great potential for 10x or higher baggers in the next decade with bluechip cryptos. I'm happy to sit & collect my staking dividends in the meantime.

 

[RedDuke]

Too smelly, they don't want it anymore:

https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fyqvjvi%252F

If it goes like this, I have to put John back to my read list by tomorrow, 1K to go to 15K.

It already happened, low of today was around 15,600

 

[Pekelo]

It already happened, low of today was around 15,600

I said if it hits 15K. Give it a few hours more....

 

[RedDuke]

I said if it hits 15K. Give it a few hours more....

I do not get why you put John on ignore, but to its each own.

 

[johnarb]

I said if it hits 15K. Give it a few hours more....

So, $15,000.00/btc and I'll be out of Pekelo ignore-jail??

Yay!!

 

[Overnight]

So, $15,000.00/btc and I'll be out of Pekelo ignore-jail??

Yay!!

Personally, I think he should unignore you now, and possibly think of ignoring me for thinking 20K is still a magnet level. But the only reason I think this is because I think this turbulence will pass, and NDX will slowly creep back up, which BTC seems to tail.