Plagiarism
User: russelbrok

Quote from: russelbrok on January 02, 2023, 03:59:10 PM

First to clarify, Ive been in bitcoin for a while and I absolutely am not here for dollar appreciation. Just want to make that clear so this doesnt conflict with other posts Ive made. Im just curious about the price.

Im posting this on the beginners as I really havent followed this story closely and just want others thoughts on this. From the little I have seen, SBF was using deposits meant for purchasing bitcoin (and other crypto) to fund his lifestyle, giving billions to his parents and donations.

This means that money which should have been buying BTC wasnt, thereby keeping the price down. Id expect the short term effects of this are very negative and many people will leave never to return. However, as we see after every bear market some walk away, but many stay and new people join and overall the numbers grow dramatically. If/when this happens (imo a certainty as currencies are collapsing), next bull run there wont be FTX artificially lowering the price and the price could explode.

What is the 100k to 300k calls were actually accurate if it hadnt been for ftx? What then would be the price after tre next halving? To me, the ftx scam collapsing is extremely bullish long term for the price if its true they were using the deposits to buy btc as intended.

-----------------------------

* Recently 2 users came to me and me if i want to sell my loses on FTX so they can sue them ( my lost about 1200$ and they want to buy it with 200$ ) i just need to provide them screenshoots with a form that i need to fill - i guess is scam / im not sure so if anyone got that too please write here as well

[ archive ]

https://www.reddit.com/r/BitcoinBeginners/comments/100n446/long_term_effect_of_sbf_ftx_on_price/