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  • Crypto Currency - Believers Only

Smallman1 Doge, Shiba et al

Basically built on community hype only, no underlying infrastructure or purpose

      Is it definitely just a coincidence that $6bn has been cashed in and funky hasn’t posted since the date of the article?

      He who laughs last etc…

      cpi was beautiful bear market over, never fall for the fear.

      Hursty shib is safe, anything connected to eth is. Plus shib potentially has its own eco system coming.

      Idiotic to call out coins that are in top 15 market cap to be not safe. Outside of top 15 yeah you are gambling.

      You do realise the fed may ease interest rates a bit now on the back of that cpi. Full year into this bear market this is where the money will be made if you where buying in the last 9 months. My average on shib is like mid 10s, I may sell some at 1900 but I’m keeping at least 10m longterm.

          Do any of these coins have chocolate in the middle?

          Asking for a friend who needs cheering up

          • -si- replied to this.

            Funky Say what you like mate, its a meme coin based on nothing but community hype, it will die that is 100% guaranteed

            IMO these sort of coins damage the already fragile image of the industry, but unfortunately it is more of a gateway drug to the market with promises of making people millionaires which is not true

            Because of shit like SHIB, people think the whole industry is like it, when it quite clearly isn’t

                Hursty 100% guaranteed what a load of shit. No one should put their life savings in any crypto but fk me 10m shib isnt even 100 quid.

                Play with what u can afford to lose simple rule.

                    Funky By the way you were defending it, it sounded as though you were well invested

                    A few quid spunked here on there on memes is fine for a punt, but its not an investment

                        Mad_Cyril Do any of these coins have chocolate in the middle?

                        Fucking lol’d like mutley when I read that!

                          Hursty I’ve only 40m now, as I said prob sell 30m at 1900 resistance. Will hold 10m long term incase it does hit all time highs again nothing to lose. They have been working on a lot in the background on shib, you need research it more. Held up better than solana, polkadot etc so called coins of use yeah right all the fkn same.

                              mono-stereo up on crypto down on stocks but today was good hopefully the worst of the bear market over now, cpi would of hit the shorts hard.

                                  mono-stereo cheers need it to all work out or its been a head wreck for nothing the past 2 years lol.

                                    Hursty That aside this is a major bloodbath

                                    Not half!

                                    I’m surprised there have been no more updates on this thread today following FTX filing for bankruptcy and what it has revealed.

                                    So FTX only held $900mil of liquid assets on $9bn of liabilities - and even that’s being generous.

                                    The largest chunk of its “liquid assets” on its balance sheet are actually $470mil “worth” of Robin Hood shares that aren’t even being held by the company - they’re being held in a vehicle in the Bahamas under the name of FTX’s founder (Bankman-Fried)!

                                    Meanwhile, its largest other asset holding was listed as “$2.2bn worth of a cryptocurrency called Serum”. However, “Serum’s market value was $88mn on Saturday” LOL.

                                    To top it off, as soon as bankruptcy proceedings were announced the exchange has supposedly been “hacked” and c.$500mil of holdings has been taken in one fell swoop directly from customers’ accounts in what the likely/most commonly believed occurrence was an inside job done via a backdoor in the app. So nothing else left for creditors.

                                    Bankman-Fried is believed to be currently on a plane to Argentina lol - I presume it’ll be a stop-route to some territory without an extradition treaty to the US…

                                    https://www.ft.com/content/f05fe9f8-ca0a-48d5-8ef2-7a4d813af558
                                    https://www.ft.com/content/dc08ed9f-0f3b-45fb-a5f6-b87157fdf944
                                    https://viewfromthewing.com/report-sam-bankman-fried-tracked-fleeing-to-argentina-following-looting-of-crypto-exchange/

                                    If you didn’t get out of crypto after Luna and BTC falling to $20k, and you’re not getting out now, then you must be okay with the possibility of potentially losing all your holdings someday as these are surely not anomalous companies and events.

                                      Investors in FTX included Sequoia Capital, Blackrock, the Ontario Teachers Pension Fund, and (surprise surprise) Softbank. Sequoia and Softbank have already stated they’ve marked the value of their investment down to zero.

                                      FTX had sponsored the naming rights for the Miami Heat’s stadium for 19 years in a $135mil deal (obviously now terminated).

                                      They even made a Superbowl ad this year with Larry David (which would have appeared a load of baloney at the time and looks even worse now):

                                      Back to the FIAT factory for some of the Crypto Bros.

                                      Literally in some cases.