Quote from: mvdheuvel1983 on Today at 08:29:05 PM

Quote from: Cryptomultiplier on April 01, 2023, 01:07:25 PM

No one would believe If they were told some months ago that:
• FTX would collapse,
• LUNA would go to 0,
• 3AC/BlockFi/Celsius would implode,
• USDC would de-peg,
• Interest rates would rise to 4.5%+,
• Major banks would collapse,
• The SEC would attack crypto, and
• Bitcoin will STILL be above $24k.
Here we are, and wherein these failed, others has risen to the challenge with better services and security against similar recurrence.

These companies that failed did so for several reasons which I think may include - Greed, no streamlined goal or vision, unrealistic vision/poor planning, optimism, ignoring red flags or warning signals. It good that they failed but bitcoin hasn't failed despite trying to take it down with them. LUNA was just filled with people who wanted
to cash out at the expense of people's investment. The reason why the bitcoin project has withstood so many issues is because it is about the people/ investors and for the investors.

In overall it would really be that "GREED"

If we do try to look out on where these companies had able to commit or done something then it would really be talking about getting or stolen up their users funds. Collapse and failures or bankruptcy is just some
cover up on what they've actually done.Of course we cant really point out fingers because there's no way on proving it out. When it comes to economical problems worldwide then these are commons like those
interest rate hikes and major banks involvement and SEC or whatsoever then it is really just normal.

Government does really like to stir things up or simply does really want to get involved on something which they do saw a potential threat or problem. No matter which market we would be speaking into,
then this is heavily that been affected with these fundamentals then its not shocking on where it would be leading up thats why we should really make ourselves that get prepared.