Would a drawdown of all cryptocurrencies by 50-80 show who is real??

C

Cabin111

I am letting my mind wonder...Going in all directions. A little grace here please, before you blast.

Was thinking about 1929 market crash. People were trading with borrowed money...Hence the crash. 1979-80 with interest rates above 15% for prime businesses...If you weren't solid (with a backstop of funds), you were doomed. 2008-9, Wells Fargo had very few derivatives (credit default swaps)...They were solid, but were forced to buy government funds (and take over Wachovia).

Since we do not (and can not) know where cryptos are located or that their exchanges are real, you need a crisis. You need a bloodbath, I hate to say.

If a crypto drops 70% and does not stop withdraws, you can be pretty certain they have the funds stored correctly. If not, it is any ones guess...

I doubt whether any government (except maybe Canada or Europe [Euro]) will try to be on top of the cryptos trading in their countries...They just can't.

Yes, there will be senate and house probes...But they will not want to regulate this industry. With a house republican majority, I can not see them approving a bill to establish a new crypto agency!! For one thing, it can not be done...It's like herding cats.

One last though...Putting a backstop of two billion dollars worth of CRYPTO COIN (not dollars) is laughable.
 
crypto tokens are located in wallets and every transaction is on a blockchain. It is completely transparent for all to see.

a crypto token does not do anything with withdrawals.
 
2rosy said:
crypto tokens are located in wallets and every transaction is on a blockchain. It is completely transparent for all to see.

a crypto token does not do anything with withdrawals.
More...

So does that prove there are no other FTXs/Alameda out there??
 
FTX was an exchange not a token.
Alameda was a trading firm not a token.
I didn't follow your original post. A lot of your assumptions are incorrect
 
If you want to avoid counterparty risks, I would go with BTC and ETH Futures on CME exchange. Also those two cryptos are the only ones that rank among the top cryptos based on their market caps over many years now. All others follow usually the pump and dump scheme, so after some years they are disappearing. Going over CFDs (where you have wider choice of cryptos) you pay higher swaps and you have some counterparty risk (broker side), but not with the Crypto Futures on CME. The FTX collapse and former Mt. Gox exchange fail show there are no secure exchanges. So would avoid them all if you can (and just stick with (micro) futures contracts).
 
TrAndy2022 said:
If you want to avoid counterparty risks, I would go with BTC and ETH Futures on CME exchange. Also those two cryptos are the only ones that rank among the top cryptos based on their market caps over many years now. All others follow usually the pump and dump scheme, so after some years they are disappearing. Going over CFDs (where you have wider choice of cryptos) you pay higher swaps and you have some counterparty risk (broker side), but not with the Crypto Futures on CME. The FTX collapse and former Mt. Gox exchange fail show there are no secure exchanges. So would avoid them all if you can (and just stick with (micro) futures contracts).
More...

So who (or what assets) are backing companies like; BCG Group, Cumberland, or Paradigm...Just to name a few??

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjuwrrh3dH7AhUjIDQIHevGDoUQFnoECDUQAQ&url=https://www.paradigm.xyz/&usg=AOvVaw2LpIHsIAXCuVj6tzRr33zo
 
What or who is real? Nothing in this space is real. Look at those FTX guys. They fucked the possibly ugliest women in the entire world who were hopelessly addicted to methamphetamines to keep their shit together. What's real about that?

Cabin111 said:
I am letting my mind wonder...Going in all directions. A little grace here please, before you blast.

Was thinking about 1929 market crash. People were trading with borrowed money...Hence the crash. 1979-80 with interest rates above 15% for prime businesses...If you weren't solid (with a backstop of funds), you were doomed. 2008-9, Wells Fargo had very few derivatives (credit default swaps)...They were solid, but were forced to buy government funds (and take over Wachovia).

Since we do not (and can not) know where cryptos are located or that their exchanges are real, you need a crisis. You need a bloodbath, I hate to say.

If a crypto drops 70% and does not stop withdraws, you can be pretty certain they have the funds stored correctly. If not, it is any ones guess...

I doubt whether any government (except maybe Canada or Europe [Euro]) will try to be on top of the cryptos trading in their countries...They just can't.

Yes, there will be senate and house probes...But they will not want to regulate this industry. With a house republican majority, I can not see them approving a bill to establish a new crypto agency!! For one thing, it can not be done...It's like herding cats.

One last though...Putting a backstop of two billion dollars worth of CRYPTO COIN (not dollars) is laughable.
More...
 
Would a drawdown of all cryptocurrencies by
50 to 80 years old investors show who is real??

Would a drawdown of all cryptocurrencies by
'50-80 Investor' show who is real??
 
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