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Author Topic: FTX Collapse: Setback for BTC Mainstream Adoption?  (Read 438 times)

Online TomPluz

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FTX Collapse: Setback for BTC Mainstream Adoption?
« on: November 22, 2022, 03:56:42 AM »
The whole cryptocurrency marketplace has been in a great shock when the FTX collapse started to unreel before our own very eyes. What was once hailed as a hero is now considered to be a great villain as Sam Bankman Fried apparently used funds of FTX customers to do risky trading in Alameda together with Caroline Ellison - his ex-girlfriend. Now, the contagion is fast affecting many other platforms that got FTX exposure and we are watching closely if Genesis will be the next to fall in the domino of frauds and scams.

I am thinking that with the year 2022 going down to be the year of collapse of many different crypto-based platforms, this will surely be affecting the trust and confidence of the people towards the whole industry and will push down further the mainstream adoption of Bitcoin.

 

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FTX Collapse: Setback for BTC Mainstream Adoption?
« on: November 22, 2022, 03:56:42 AM »

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Offline Probal Deep Moran

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Re: FTX Collapse: Setback for BTC Mainstream Adoption?
« Reply #1 on: November 23, 2022, 06:05:17 AM »
To understand what blockchain gaming is, first think of any typical video game we have played in the past. These conventional games were largely centralized, and users could use their earnings (in-game currencies or XP) in only that particular game.
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Offline naitik01

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Re: FTX Collapse: Setback for BTC Mainstream Adoption?
« Reply #2 on: November 23, 2022, 12:06:01 PM »
The collapse of FTX has greatly affected the crypto industry. How long its effect will last, it cannot be eaten now, and it may take time to come in BTC Mainstream Adoption. This disaster has affected all cryptocurrencies. Some improvement can be seen in 2023.

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Re: FTX Collapse: Setback for BTC Mainstream Adoption?
« Reply #3 on: November 23, 2022, 02:31:46 PM »
A sudden collapse of FTX mad a huge impact on the Crypto world and push BTC down, before the shock has been absorbed, the Hacker attack made it worse for the users and for those who trust Crypto. I Hope 2023 brings something good for the small investors.
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