I am watching the many new developments in the case of FTX-Alameda collapse and I must say that details coming into the light are all so bad and ugly - to say the least - and right now we are seeing the contagion effect affecting many platforms including Genesis which is getting to be another candidate to collapse.
There should be an outrage of anger from the people victimized by FTX - those who believe that Sam Bankman Fried was a hero, a savior but who turned out to be just another low-level scumbag.
Surely 2022 will go on to be a very historic year for cryptocurrency and will be know as the YEAR OF COLLAPSE in the industry.
So what are the many big things we are learning here? One, don't trust anybody and always remember: not your keys not your crypto.
(https://pbs.twimg.com/media/FiDsaHuaEAErHOD?format=jpg&name=small)
I am watching the many new developments in the case of FTX-Alameda collapse and I must say that details coming into the light are all so bad and ugly - to say the least - and right now we are seeing the contagion effect affecting many platforms including Genesis which is getting to be another candidate to collapse.
There should be an outrage of anger from the people victimized by FTX - those who believe that Sam Bankman Fried was a hero, a savior but who turned out to be just another low-level scumbag.
Surely 2022 will go on to be a very historic year for cryptocurrency and will be know as the YEAR OF COLLAPSE in the industry.
So what are the many big things we are learning here? One, don't trust anybody and always remember: not your keys not your crypto.
(https://pbs.twimg.com/media/FiDsaHuaEAErHOD?format=jpg&name=small)
I don't think crypto has collapse but FTX did, though it has some negative great effect on the market. However, it remains some facts that before the collapse of FTX, the crypto market was already on a bear condition waiting for the absolute bottoming to energize market demand (good volume ). In my opinion the crypto market is atill struggling with bear and may linger for a Long time into the year 2022 and we may continue with a certain bounce and some quick sell off before the full bottoming.
I am watching the many new developments in the case of FTX-Alameda collapse and I must say that details coming into the light are all so bad and ugly - to say the least - and right now we are seeing the contagion effect affecting many platforms including Genesis which is getting to be another candidate to collapse.
There should be an outrage of anger from the people victimized by FTX - those who believe that Sam Bankman Fried was a hero, a savior but who turned out to be just another low-level scumbag.
Surely 2022 will go on to be a very historic year for cryptocurrency and will be know as the YEAR OF COLLAPSE in the industry.
So what are the many big things we are learning here? One, don't trust anybody and always remember: not your keys not your crypto.
(https://pbs.twimg.com/media/FiDsaHuaEAErHOD?format=jpg&name=small)
It's collapse, yeah you can say it .
But always believe crypto will recover again.
Because Long bearish will happen until the end of 2024.
Keep hold and always buy more when dip.