Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 17/02/2025, 22:47:33 UTC
Hopefully we're seeing the worst of it as the FTX money is rumored to start going out this week.  It would be nice if a lot of those funds flowed into Bitcoin.  It seemed to me that FTX was a Solana focused exchange (or maybe it just appeared that way because they stole everyone's money and dumped it into SOL) so I would expect we'd see the biggest rise there, but who knows.  Maybe some of those folks learned their lesson and will be self-custodying their Bitcoin from here on out.  Should be a more excited week than normal.  I'll be watching and hoping to learn something.

I don't know how so frequently you come up with so many narrow and simplistic theories about so many things.

Sure FTX stole a lot of money, since they had maybe less than 1% of the 80k bitcoin that they were supposed to have, but they had given a lot of money away and pumped the money into all kinds of projects, and part of the reason that the creditors did not lose in dollar value (at the time of the bankruptcy filing) is that one or two of their investments (gambles) had paid off (wasn't it in some AI company?), and then yeah, the executor of the estate was able to recoupe some of the other value too, yet another place that FTX was putting value was into FTT token.  Sure they printed a bunch of FTT tokens for free, but then later (or towards the end), they were selling  BTC trying to keep their fake value FTT token from going to zero.  I am not going to claim all of the places that FTX was putting value, but it was not merely in Solana.

I don't have a list of their assets and/or liabilities at the time of the bankruptcy, yet I imagine whatever assets were recovered were converted into cash at various points in time, and sure there were likely some Solana in there that were already sold by the trustee.

Make a call...I know what mine is...hodling, of course  Grin

Well if you have enough cornz, then sure HODL, and if you don't have enough keep buying (accumulating) as aggressively as you are able to without overdoing it, and until you have enough (and you have to be the judge of how much is enough, or how much is more than enough).

I will still like to point out that you are contradicting your statement from just a week ago or so, just a wee bit. 

Remember?  You were considering selling some cornz at around these here prices in order to prepare ur lil selfie for a possible dip.. Just in case. Remember?   

You are like an emotional inconsistent wreck. But still I kind of like you.  #nohomo Tongue Tongue , which might show more about me than you.  Cry Cry Cry

Don't make me have to go back and quote your specific posts, since it was not even that long ago in the whole scheme of things.. that you were sell contemplating.