There is always hope at the end of the day but after I watching this, well its look crazy that FTX collapse is not ending yet, I hope ftx find the way to recovel all the mess  |
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just like the other indicator I think rainbow chart can be failed
but look at the past is pretty accurate right. bitcoin price is plummet because it has been attack a dozen of problems in real life unlike the other year so maybe the rainbow chart need to be recalculate for the next year
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there is actually ton of idea about how we save the seed phrase including this one  I also heard about implant in teeth. the best way is mage 2-3 and spread it ex. 1 in hardware wallet 1. paper and secure it etc. i think this is the best solution |
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theymos already said in here https://bitcointalk.org/index.php?topic=5421039.0I can not explain how happy I am this transparency thing is receiving so much more attention now. Unfortunately, tragic events like FTX's downfall need to happen for everyone to finally realize that we actually DO have to care about our belongings, be it the smallest or largest Exchange or whatever platform it is.
yeah since transparent will little bit give a peace of mind at least so we can see and track where is the money go for the centralized exchange. like DAO treasury in DeFi |
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neither dex or cex has its own risk and both can be rekt and also have pros and cons
just like the other i will give a few tips only trade not save the money in cex or dex if you are hodler better to kept it on coldwallet and if you are trader only deposit money that you are going to trade, trade -> profit -> withdraw thats it
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TrustWallet is a closed source that Binance is one of their investment so CZ tweet about it and boom the price will surge since truswallet is wallet like metamask that your own the private key rather than centralized exchange
oh also binace invest in safepal which also closed source project that invented hardware wallet and regular wallet but i have been using both of them and work fine
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well you actually see a lot event that happen in 2022 alone a bad event one, i have been reading for a while now call rekt.news
In the 22' alone maybe after hack and bankrupt customer lose all combine is more than 50 billion i thinks and this maybe not gonna stop here since all is will take as domino effect
but I hope the ftx will be the last and see green big candle in the next year
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I'm thinking of putting my GPUs to work once again but still dunno what to mine. I already dropped by What to mine and checked that Ravencoin could be a could pick. But I'm still thinking I could go with Eth classic.
Considering that there is no more ethereum to mine what are you guys now mining, or what do you guys think it would be the best to hoard and then wait for a good price upon the next bull market?
I just watch What To mine yesterday and the only profitable mining GPU is RTX 4090 with the crazy price, you can make around $0.43 per gpu that is not good even tho you have six gpu you only generated around $3 I think would be better if you only buy the coin with the current prices rather hurting your GPU and your pocket to pay the high electricity bill |
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If this is enough to compensate the losses of many, then why not?
The question is, who will be the one to manage this? And is other site ok with this if their competitor handle the funds or security for them? I applaud Binance and CZ for this initiative, but there’s a lot of questions to be answered first and its up to the investors if they will support this or not.
Haha I actually want to ask the same thing about "The question is, who will be the one to manage this?" would be great if the money will stay transparent right? and the team should look at the different angle before compensate "any project losess" cz also said like this CZ has asked all the companies facing liquidity crunch to contact Binance Labs. When a user asked if FTX would have qualified for this category, CZ replied, “Liars or fraud never qualify as strong projects. This is for other projects in the ecosystem,” CZ responded. |
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I would answer yes and no Short answer: Yes
Long answer: Customer relations is a very important aspect of a project. If there is little or no activity on social media, which is an vital aspect of communicating with customers.
An inactive social profile could mean no progress going on behind the scenes as projects are meant to announce milestones and achievements on the road map. It could also mean that you would not get prompt help if you have some issues which customer service should help with
this actually a good answer for "YES"
but if the project has active on development and communication in chat app like telegram and discord active maybe the project pretty much alive but social media is big key for project to get more audience |
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Recent news that binance is not going to acquire FTX maybe they just lend some money to them Source : As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of http://FTX.com. https://twitter.com/binance/status/1590449161069268992 |
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I doubt that, no one saw this FTX crash coming and thanks to CZ for letting the whole thing out if not it would be much worse later. I believe that such incident will keep happening, it's not the first time and it won't be the last.
Also this is a perfect time for such a crash since we are already in a bear market, tell me, is there any bear market in the past with good news? It's always full of bad news.
Dex exchanges are not 100% safe as well but they are better than Centralised exchanges, now even Binance exchange is not safe because it's also a centralised exchange, I believe that's why CZ planned the whole SAFU Fund, he knew something could go wrong.
Well you kinda true but if this keep happening we as "customer" will be not feel safe right to do transaction in centralized exchange and second is not true I actually find a bunch of good news this, was the recent one MiCa Legislation Good news for crypto player in Europe Good News project to accept bitcoin Goldman Sachs and MSCI Are Working on A Crypto Classification Systembut CZ is far that i know is really fight with their SAFU Fund to keep centralized exchange look good especially binance |
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well after ftx case happened this will become a major warning for you guys I am pretty much using CEx for futures trading spot trading and withdrawal and not save bunch money in there although i have not bunch of money at the moment but using dex is actually the best way but you have to know that Dex is for token not coin like litecoin dogecoin that have its own chain. and dex also have its own risk like hack its become common too in dex space |
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in 2019, I exchanged coins through an online exchanger. I sent funds and did not provide a memo. The exchange did not take place because they did not receive the funds. and I scored on it. Yesterday I tried to find this exchanger but did not find it. Yesterday I came across a guy on YouTube who says that you can return the funds through those support. I wrote to support, and they told me that only the recipient's platform can return this transfer. that is, I need to find out which exchange or wallet this address belongs to and write to them in support for a refund. transferred 4.8bnb now this is a big amount for me) in Binance they said that this is definitely not their wallet. I've looked all over the internet but can't find any information anywhere. last hope for you guys
but as far that i know if you send it to exchange is pretty much the exchange will transferred it to their how wallet pool. after i watch your transaction on https://binance.mintscan.io/account/bnb1c22qt8gzhzz9a2ngwnh5he8ddvfutl40jnnx32 your balance was not moved to hot wallet maybe this one is personal wallet not exchange wallet
and also do u have proof that you send to that address, because if you send to https://github.com/bingbinglee/travala-price-ticker this github i know bingbinglee is i mean i have to chat with him a year ago |
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as far that i know binance is doing LOI to buy FTX but can be cancelled at any time so we do not know if binance is going to buy FTX but if binance buys it will become more centralized and will be more danger to crypto space and will too big too fail
if i was CZ i will buy but still ftx can be operated as normally ftx do not merger it with binance
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Who will buy Binance 🤔 if they go to dust 😔?
It is hard to say. But I reckon there will be a few more exchanges to go before that happens. Binance has been immensely popular. It grew fast, basically when there were few other options. However, even though Binance is an important company in the crypto space, it is far from irreplaceable. Who will buy Binance? Probably someone with a lot of money. Perhaps Musk? Hahahha but Mr. Musk just buy the twitter it not gonna buy Binance at short term.  Binance for now is very strict with their system maybe because there is some CeX collapse like MtGox can be examples that why their always using SAFU and Proof of asset as their shield to guard their customer |
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Only these events have a slightly different meaning. Gala hack did not cause any damage to the whole market, most crypto users did not even notice another hack of one more token. FTT event has much more serious consequences, last time such consequences were after the collapse of LUNA and its stablecoin UST. So it is not quite correct to compare the hacking of some token by some hacker and the collapse of an entire ecosystem, which has obviously been accumulating these problems for a long time.
Indeed in fact all Gala Ftt and Luna is not because people hacked
Luna collapse because their stablecoin UST and backed by Luna token Gala was not hacked at all its because there is third party app that doing pegged everything and Gala is one of it. and FTT because its internal cause right now still in debate but for now FTX maybe pretty much still there after they asked Binance to cover liquidity of their pool |
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For me it is lack of money, I always try to buy when the price is down, and also I suggest people to buy when the market is bearish but it is always the same answer - What if bitcoin is gone forever? I stopped suggesting people for now.  Hahaha same here especially since bitcoin is a risky investment, not everyone will like a risky investment. but like I who live in the developed country buy crypto like this with high amount will become lot of thinks in my minds but keep suggesting people since high risk high return when you can tackle up the volatility |
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