How will the crypto market perform post-market turmoil? Will the bear take control long-term?
Nobody takes control long term. Bitcoin & crypto moves in cycles, we currently, since the inception of bitcoin, move in four year cycles which are around the halving. Sentiment can change a lot & very quickly during the four year cycle but overall it swings from bull to bear market & even has a sustained period of sideways action, low volatility. The best way to win in this game is just to buy & hold for many years. Nobody ever loses money this way in bitcoin. It takes a lot of patience & isn’t much fun but dollar cost averaging over years is fool proof. You will make much more profit this way than in any traditional bank savings or investment vehicle.
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Whilst centralized platforms exist, there will always be fraud & theft. We all know the saying, not your keys, not your coins. It’s still so true! You need to take the risk away by withdrawing your coins from these scam factories.
As for a solution, there isn’t a guaranteed one other than don’t trust third parties & middlemen. You must take self custody. Proof of reserves only goes so far to mitigate scams.
Self custody, I will preach it every day until people listen.
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Time seems to go quite slow or at least at a moderate pace from childhood to early adulthood. I feel like since I hit 30, it just seems to go by way too fast.
The weeks pass by like the speed of light. It’s Monday & then before you know it, it’s Thursday & you’re looking forward to the weekend which goes even faster.
Try to cherish every day because tomorrow is never promised.
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We should be more interested in talking about good new like this, rather than centralized ponzi schemes going bust, run by scammers. Bitcoin (not crypto) is going mainstream & there’s nothing anybody can do to stop it. Get on the right side of the new world order & buy as much bitcoin as you can. We are the new wealthy elite.
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Him & his degenerative team created a monster that got too big. They couldn’t stay solvent, so they started gambling with user funds to try & do so. They could not afford to do what they were doing, sponsoring huge events, donations to politicians. It’s ridiculous tbh & I hope they all go to jail.
He ruined peoples lives, he should get 20 years for financial fraud.
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Many, many people conquer addiction every day. It’s tough but everything good is tough to achieve.
You can do it, put everything you have into conquering your demons. Do it for yourself but also your family & friends. Everybody wants to see the best version of you. You can seek professional help to start your journey but a lot of success in recovery is a positive mindset & motivation to succeed.
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A very bad idea. Are you not aware of what has only just happened in crypto space with FTX? Seriously, not your keys, not your cheese. Do not leave your assets in the control of any 3rd party for even a moderate amount of time. It is not worth the risk, we are in a deep bear market now. Many of these companies are not solvent, do not let them hold your coins.
Borrowing against your coins is a terrible idea.
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I’m not religious so praying at any time of day isn’t something I do. If you want me to be honest, the first thing I do in the morning is go for a pee. I get some breakfast & have a shower. I’m always kinda cranky in the morning, I get tired & don’t function too good. Some people love the morning but I’ve always been a moody ass. I am much better at staying up very late.
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Literally articles are flooding saying the bottom isn't here etc etc.
The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.
Stop the FUD.
You must be new in this game. Bitcoin absolutely can go lower. Historically we are not at the same level that bitcoin can sink to during a bear market. Undoubtedly there will be be buyers lower but there are many weak hands who could still capitulate. Another insolvent exchange or regulations by the US could send us lower. The worldwide recession becoming an economic depression could flood into bitcoin too. In short we can go lower but it’s only temporary because new highs will come in a few years. Buy the dip if you can.
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Have observed in past that sudden crashes tend to be caused by FUD/over-reaction rather than anything substantial and the market eventually recovers.
In such times, capital can be handy as such opportunities are like finding gold on street.
Of course, to be honest I find it really quite simple to play the bitcoin market. I’ve been involved a long time, tgis is my third bear market. The first bull market I sold nothing & suffice to say, really regretted it during the long bear of 2014-15. I didn’t make the same mistake again. It’s really quite simple, buy at times like we are currently witnessing & hold until the bull market. You have to be patient sure but it’s fool proof. This doesn’t extend to alts as lots of them are very unreliable & centralised which leads to untrustworthy devs, ceo’s or whatever rugging people.
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Nothing specific to be honest but I often use it to find out how to do certain DIY home tasks. I’ve figured out how to do a lot of stuff around the house like fixing leaks. I mean, I watch music videos & nature type, animal videos too. What I’ve been using it for mostly the last couple years is home DIY.
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It happens every bear market, something catastrophic happens in ‘crypto’ space & all the weak hands capitulate. It’s quite embarrassing really but that is human psychology for you. Lots of people have weak mentality.
I always do the opposite of what these people do. Buy when we are experiencing perceived bad times. Sell during bull markets.
Simple.
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Losing is a villain. If you win, your reputation may be better, but who can keep winning? How many people are ruined behind the downfall of FTX. This is not a situation caused by a single person.
It’s impossible for him to come out of this looking like anything other than a fraudster. To be honest, he is going to have to employ a very good legal team to stay out of jail. The guy has ruined lives.
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I went to the cinema a couple of weeks ago to see Halloween Ends. It was pretty good but nothing too special. I had to see the conclusion of such a great series of movies that’s been going back decades.
I have always been a big horror movie can though.
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There’s a reason the OG saying is still very relevant - Not your keys, not your coins.
Cold storage is the only way to sleep well at night. You can not trust any platform to hold your coins & be 100% safe.
Self custody is the way.
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I am a single man around 40, not having problems with dating girls. Neither in real world nor Tinder. However it is almost impossible to find a girl/woman who shares same interests. Who is a fan of free market, bitcoin revolution, libertarian. Who consider living as digital nomad, family as the biggest value, having homeschooling for kids, being out of mass-media brainwashing. Here in Poland huge majority of girls are leftists, focus on career with no real values. Do you know some website, apps, place who connects people with similar view or maybe where I should go to find my future wife I feel your pain brother, so many girls are lefties. I can’t tolerate that type of personality. Polish girls are hot though man, there must be some out there with similar interests. You just need to forget about it & enjoy life. The perfect girl won’t come when you’re desperately looking so much. She will come when you least expect it.
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Looks like CZ wins but none of us win, do we? This sucks, we are currently at 18,6xx which is what happened the last time we got rug pulled by some scammer Do Kwon.
It’s times like this when Gary Gensler is right with what he says.
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Usually taking a life can be seen as one of the worst crimes that can be committed, however in this case maybe she can be excused, at least by us.
I hope the rapist rots in hell.
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Why need celebrating of the dead when it will bring another death ?
I don’t think the OP is celebrating the deaths. He’s clearly just posting tragedies that have unfortunately occurred around the recent Halloween holidays. Most deaths are tragic & so sad. The deaths highlighted by the OP are no different. May the all rest in peace & God be with their grief stricken families.
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