It was his problem from the beginning.

Musk was always involved in too many different projects at the same time starting new ones and leaving the old ones unfinished.

He has the mind of a garage inventor who tinkers with a thing for a while then throws it away because he has another idea and then comes back to the old project and half of them never get finished while the other half is completely useless but once in a while he makes a real gem that gives him money and energy to keep working.

Stocks will keep falling as long as the FED keeps cutting but the FED itself said that they will stop somewhere next year and everything will recover.

Stocks are representation of the economy not only the state of the company.

My friend's company went into home office model during the pandemic and they remained there when they saw the bills. They had close to 100 people in 1 building and this is a software company so 100 computers running, lights, AC, security in the building, cleaning... That's a huge cost every month.

Performance wise they even improved when people started working from home because they were better rested. They could avoid traffic jams and sleep an hour longer every day and saved up on fuel.
I don't believe they're ever coming back from this.

The dump was to be expected when FED increased rates again. Look at stock indexes, they're all down and begun falling a day before bitcoin.
I don't always like Anthony Pompliano but he was saying the same thing for months - it's one big trade, doesn't matter if you're in stocks or crypto. FED is manipulating the prices.

I don't think that Barry alone is responsible for the whole move from 18000 to 16000 He could be involved but it's mostly crypto traders reacting to the stock market dump.

We do not matter here. How much can you buy? 0.1 BTC? 1 BTC? You won't counter the miners.

Don't panic though, you have to realize that bitcoin goes down when there's no big buyers because miners are mining and selling all the time so there's a constant sell pressure on the market and for bitcoin to even stay flat it has to be continuously countered. You or me can buy 0.1 bitcoin a month and even if every person who reads this thread does that we won't be able to make the price go up.

I haven't sold anything since the Luna crash and spent a lot of USD on bitcoin. Long term thinking and conviction are what matters in a bear market not whining about 5% ups and downs.

I think it's learning and the more questions people ask it the better it will become at answering. It's like that AI developed to play starcraft and it became so good that it managed to beat pro players, but it also suffered from all the typical AI issues like prioritizing some action like defense over offense and knowing it gave the players an edge in some situations.

When it comes to bitcoin going to 0 it answers pretty good. You can see it's trying to be balanced like not saying that it will or will not happen but giving "its own" opinion.

I think it will never happen although there's a very small chance that it could because the price isn't bitcoin's value. If you do a coordinated dump of a million bitcoins all at once you could crash the price to extreme lows even below 1 USD but it wouldn't be the real value like when bitcoin crashed to 3000 in 2020 it wasn't the real value.

If you're interested in my plan I can share it with you. It's all about getting as much bitcoin as I can and holding it for as long as I can. The whole crypto economy depends on bitcoin so there's really no need to take additional risk by investing in altcoins.

I have some ETH because it's something different from bitcoin and I want to see how it does, but most of my money was and still is in bitcoin. I will continue to hold if the price falls to 12 or 10k, I don't care because I know that this is temporary. Bitcoin will succeed and it will continue to grow and by holding I show my support for the project.


I've tried to watch youtubers a few days ago and I felt so brainwashed after an hour that I gave up for good. Most of them despite calling themselves crypto enthusiasts are as dumb as some of those people who testified in the FTX case.

I'm more of an investor that turned into a gambler.

In short, I got into altcoins first then bitcoin. I was looking to earn some money at first because I desperately needed some cash in 2016 and 2017 and when I went through my first bull market and satisfied my basic needs I felt safe enough to try my luck and start gambling.

I wouldn't gamble my last money, I wouldn't borrow money to gamble and I wouldn't take a risk if I had very little but when I took out 20 times more than I've invested I felt like I could take a risk and have some fun. 1% loss is nothing when you're 1000% in profit.

I don't understand that. How do you protect people from their own mistakes? According to them it's by taking away all tools that can hurt them. Why don't they ban loans then?

Margin trading is based on lending traders money they don't have so they can take a market position. The same can be done on other markets like when you take a loan to buy a bankrupting company. You're technically margin trading just in a different environment.

What about gambling? Are they going to ban it too? Let's also ban alcohol because drunk traders can forget to set stops.

When you post for merit others will see it and your chances of getting a lot of it will decrease.

Posting a lot increases this chance but in the long run you're better making 1 good post a week than 10 shitposts a day.
Eventually people will start adding you to their ignore lists and you'll start being noticed by spam busters and moderators. It's really not worth it.

Post whenever you feel like it, don't think of merit when you want to say something, just do it. If it comes naturally you'll eventually start being noticed.

Good luck!

Such a move can also be an attempt to legitimize yourself and put the deal into the media so that people think you're big, real and you're thinking long term, but in fact you're buying a cheap, poor bank that gives you nothing but a name and some headlines.

People do these things when they see a way to make more money on the deal so how does this bitcoin group want to make more money from the 15 million they're spending? Maybe they'll launch their own stable coin now and if anybody asks about backing they'll play their "bank card".

I saw an interview with a former attorney of Bernie Madoff, who said that these charges are very serious and he's facing a maximum of 25 years, but will probably get much less because maximum sentences are rarely given. That doesn't mean he won't get any jail time, on the contrary.

The attorney also said that SBF is facing a number of conspiracy charges which means there's going to be more arrests of his co-conspirators.


He didn't choose the safest country to be in right now. There's an armed conflict brewing in Serbia.

About time. He's in the age where professionals start thinking of retirement, so it's going to be great for him if he ends it with a bang.
I will always remember him competing with Ronaldo for the title of the best player.

As for the match with Croatia I wasn't expecting such domination. I guess this means no more Miss Croatia showing tits at the stadium.

I like how she smiles while saying that he made a 1 billion loan to himself and claims he wasn't aware of the terms of repayment.

A normal person takes a 1k loan and has to read and sign all the paperwork. This guy takes 1 billion with 0 interest like it's nothing and thinks he doesn't have to give it back. Then he wastes it all because he no longer has it and his net worth isn't even 10% of that loan so where the fuck is all that money?

Looks like many people in the committee are having fun. They can't believe this is a real company. It all feels like a comedy until you look some victims in the eye and then see that chubby unfazed face of SBF. I'm not an antisocial person but if they were sentencing him to life in prison I'd feel nothing but joy.

There are speculations that the arrest is exactly to stop him from testifying against the people in the government who helped him to run the scam for so long. Among these people is the name of the current SEC chair, who has some connections with the father of one particular polyamorous crypto trader who openly admits to taking hard drugs


I find it especially strange that it seemed like Sam was untouchable when the whole thing blew up because there were no attempts to arrest him and he got an invite to come and testify. He wasn't summoned, just asked if he'd come and clarify things and he declined and tried to buy time. He was so full of himself for weeks and it looks like some people lost patience.


Reminds me of how he said that he can't tell us what he doesn't know and he was the one with access to all the wallets but doesn't know how all that money ended up in his pocket. He sure changes his mind a lot and doesn't know anything.

Mr prosecutor, it wasn't me! I happen to have all this money but I don't know how it got there. I woke up one day and it was there so I bought a house with it and then a boat and a car and another house... I also bought a house for my parents and I paid a few million to Kevin O'leary and bitboy to vouch for me. Every day I was waking up and there was new money laying there no matter how much I was spending there was more and more because people were sending it to me. You have to believe me!

Would you be able to run a business without making a single mistake?

We're human after all, we make these things and the longer you run a business the greater is the chance of you messing up.

It's not important if a casino has a scam accusation here but if it is finally handled in a professional way. A casino can ignore accusations or respond in a thread.
There are many false accusations too where someone starts a thread but fails to provide proof of misconduct.

It has not failed and I'm not worried about its future.

So far bitcoin has proven to work and this is the important part.

It was supposed to be safe, not vulnerable to hacks and it is.
It was made to allow us to send money instantly to another part of the world and it does it. After many millions of transactions we know that it's reliable and the money won't disappear or be stolen in the process.

If it's not accepted by as many merchants as we'd like it's not the problem of bitcoin. When you choose to keep your money in USD or EUR not bitcoin it's not bitcoin's fault.
When you keep bitcoin on exchanges and it gets stolen bitcoin is not to blame. When someone uses it to bribe or extort others or to launder money it has nothing to do with bitcoin and its purpose.
Bitcoin is a tool. You don't blame the knife for killing someone and you don't blame a car for hitting a pedestrian.

According to OP it did


OP must be living in some other time line and casually coming in to drop the news on us.

The longer the bear market drags on the less impactful bad news become. We've already been in this for about 14 months. About time for the struggle to end.

People will finally learn after 12 years of watching cryptocurrencies that they shouldn't hold money on exchanges and that it doesn't matter what scam gets exposed as long as your money is safe far away from it. Scams will always be there and so will bankrupt or hacked exchanges. You have to take care of yourself.

Advertising something that turned to be a scam and knowingly advertising something that was a scam from the beginning are two different things.

I'm not sure if O'leary saying that SBF scammed people would mean that he was paid to help scam.

The most important for the court is to proof that it was not negligence but intention to scam people and that O'leary knew. To do that they have to first prove that SBF knew he was scamming and that O'leary found out while he was advertising and did not quit because the money was too good. The last part is going to be very difficult even if they both admit it was a scam.

Some of these events had a negative impact on the price but were good for bitcoin.

All altcoin implosions that somehow impacted bitcoin price when they shouldn't were good in the long run. Take Luna for that matter. It was a scam. It's better that it got wiped out. If we allowed it to continue it would have an even greater impact in a year or two. Bitcoin got hit only because these scammers were holding it and used it as a distraction.

Anybody can hold bitcoin but those who were buying those lies that Luna created and investing in it allowed these scammers to buy bitcoin and eventually crash it. They are to blame for this disaster.

Exactly!

The reason why so many people got cheated by FTX was they had the lowest fees and they were doing that because they didn't care if they made money from you trading or not. They were making money by stealing your deposits.

Nobody will work for free so if you see the promised profits are too high from an investment like staking or the fees are too low it should be a red light.

Also, no matter how trusted a third party is there's always a small chance they'll scam you so make sure you're safe. Do a quick exchange in and out and don't trust them with your money for longer than you have to.