Quote from: m2017 on Today at 01:15:52 PM

Quote from: XEN_Protocol on November 09, 2022, 05:24:37 PM

Galaxy Digital also have over 70 million dollars tied to FTX Exchange, they are now withdrawing 47m $ and already at a loss of 68m $, I think we will keep seeing some more dips.

Is this all planned work or just the brutal of a bear market because it seems that in every bear market worst things like this always happens.

Now I have no choice but to believe that 10,000$ BTC is possible.

News Link below

http://coindesk.com/business/2022/11/09/crypto-finance-firm-galaxy-digital-reveals-768m-exposure-linked-to-ftx

Any scenario is possible, not just 10,000$ BTC. Of course, I'm talking about the negative scenario. In the current situation in the crypto industry, only a market decline is foreseen. Even more. Moreover, it is still very early for the start of a bullish trend and troubles with FTX Exchange are pushing for the continuation of the bearish trend. This will last more than one week and more than one month. Perhaps, by the next halving, the situation will stabilize and a slow and small growth will begin. In the meantime, we are determined that everything will be bad for a long time, in terms of prices for sale btc and the general mood, but it is good for profitable purchases of BTC.

Why do you think it's too early in the bull run? I too think a real bull run will happen in a few years and that this is a nightmare time for cryptocurrency. But since you and I have similar thoughts, as do many on this forum, then we are more likely to be wrong. The market is more often than not irrational and moves in the opposite direction from the crowd's expectations. It could be that all the fud associated with FTX will disappear and then good times will happen.