The Bahamian government has seized the funds and the company is in free fall. ftx are claiming that they can get back the funds but they prolly can not. They would need to petition to the government and have them accept that petition which is not going to happen. They are living in dream land and are probably trying to convince investors that they can recover to try and salvage anything they can from the company until it does die. ftx has died there is no way back for them from here.

Looks like SBF is at it again and basically trying to lure investors into investing into FTX. He is looking to raise +$6B or so. I think he is trying to sell some FTX bonds which are paying 10% per year for 3 years and then converted into common stock.

Now I realise that Bitfinex did something similar when they got hacked back in 2015. They raised I think $1B very quickly. And their valuation is much lower back then than FTX today. However they got hacked... SBF committed fraud.

They seem to generate $10-20B in volume daily and $1B in revenue per year. Seems like a profitable company however.... will anyone actually invest billions after what he did? Will people actually still trade on FTX after all this mess?

I give this 10% chance of succeeding....

Crypto investors talk about how decentralisation will benefits all but all I saw is how cruel decentralisation in crypto space can be, hacks and theft have make decentralized projects the perfect target.

If its centralised there will always be someone to take the blame but that's not the case with decentralised projects

1. The team will easily blame the hacker, even if its an inside job.
2. Any form of reimbursement isn't going to happen.

We all want decentralise but it deals more damage to investors than centralise, the only thing decentralise does better is freedom but that freedom is also a huge weak point.

Recently, CZ released a series of tweets stated that Binance will start to liquidate there FTT token from there orderbook as part of there parting ways to FTX exchange since there announcement last year. They are doing it in batch since the liquidity on the orderbook is not sufficient to absorbed all there tokens on a decent price.

I’m sensing a price dump on FTT here like what happened on Luna and I’m sure this will create a ripple effect on crypto in general since this are the battle of 2 largest crypto exchange.


Will crypto market will be affected again like what happened during Luna sell off?

if you have funds to keep holding then why not? but the main issue here is that how much we can invest in this and how much time we can give in this waiting time.
weak investors are not belong here , because the more we eager to earn in this volatile market is the more we gain nothing.

Just wait and hold this is the perfect strategy still.

btc reaching $100k is everyone's dream but I don't think it's possible to go there or instead we're too quick to think about going there. Crypto is growing in tandem with a good world economy, but bad news has continued to spread lately, I think in a difficult economy bitcoin is also in a difficult phase.

What is the real difference between bull and bear market and how can one utilize them to make some good profits?

Speculative and influences by big bag holders, the market is unsure, most investors are fearing for their money.

What we can expect is how we interpret the market, the more we understand the situation
the better we can analyze the possible market run.

It's hard, but if you have that knowledge then there's nothing to ask, just follow your research
and stay calm when most are panicking.

It has already started when we've seen the quick drop coming from the ATH. However, you can see the huge difference from this year to 2018.

This wasn't as bloody hell as 2018 and this year is like setting a high low if you get the idea of that. We may go through again two to three years of dealing with another bear market until the bull run comes again.

Like it was in the past, many folks have learned their way and lessons for this recent bull run and they'll apply it when it's come again.