... tradfi companies involved in various yield schemes. Poof, gone.
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BlockFi files for bankruptcy.
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...Quite likely another exchange falls as the bank run continues, as many already predict. Probably the exchanges people least expect.
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It's unlikely to be coinbase. It's CEO say's so.  |
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Maybe not. https://cointelegraph.com/news/sam-bankman-fried-s-weird-cryptic-tweets-attract-even-wilder-theoriesA seemingly debunked theory was that Bankman-Fried allegedly used the new tweets to cover up the deletion of his older “incriminating” ones in a sleight-of-hand attempt to dupe tweet-tracking bots that use his account’s total tweet count to catch deleted tweets. https://twitter.com/cmsintern/status/1592372634955976704looks like @SBF_FTX has not been deleting tweets the reduction in tweet count has come from other accounts deleting tweets (mostly related to FTX/SBF) that Sam had RT’d lotta @TomBrady all tweets deleted in last 6 days  CMS intern @cmsintern · 8h Replying to @ercwl I have his tweet history downloaded from last week will download new set and run vlookup and post the newly deleted ones Nobody's sure what he's up to. Some are speculating that he's back on amphetamines again.   |
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Start generating new cold wallets. Logged and planned for the retrieval of all the outstanding SATs I had on of mining pools and exchanges I once traded my BCH/BTG and other shitty airdrops.
Then FTX happened!....
If it is one thing you get out of this whole FTX saga, I really hope it is #NYKNYC.
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What was the largest dip in anything that was then recovered above the prior ATH?
Here are my recollections (sorry, some utterances will be shitcoins just for their historical record):
1. AMZN, went down 95% in 2000-2001, went way up the prior ATH, took 7-8 years.
2. GME, down 95% between 2008 and 2020, then 116X.
3. AMC, down 94% between 2015 and 2020, then 28X.
4. TLRY, first long dip 97.5%, then 17X up (did not reach the ATH), then another 96% down (total down from the ATH to ATL was 98.1%), we shall see how it goes.
2. AAPL went down 82.5% between 1991 and 1998 (that bear seemed endless), got rescued by S. Jobs, now a biggest company (or one of top three).
3. ETH (see the disclaimer above) went down 95% inside 2018, ATH in 2021, 59X from the low.
4. ADA (see the same disclaimer) went down 98.4% in 2017-2020, new ath in 2021, 150X from the low.
I have never seen something/anything that declined more then 99% (not counting oil futures going to negative value) coming back to exceed the ATH, but would be interested if such situation existed.
Apart from ADA, 95% seems to be the most "something" declined before reaching a new ATH.
What i am getting at: at $1000 (someone suggested this number as a remote possibility), it would be about 98.5% down. 95% would be $3445, a match to march 2020 "mindrust wick"
If less than that 98.5-99%, then there are no records to suggest that recovery is possible (it appears to never happen before, unless you can find such record, without counting bankruptcy cases).
So, crying would be kind of appropriate, as in crying for ALL of humanity, imho, not just bitcoin (at or below $1000).
Besides your shitcoin talk..  I hope in relation to SBF, bro. "if you prick us, do we not bleed?" you cannot learn everything there is to learn about bitcoin by talking only about bitcoin. Example: FTX debacle is outsize of btc domain, mostly, yet it keeps affecting it...just look at your wallet. We were warned about it in advance.  https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankman-fried-some-crypto-exchanges-already-secretly-insolvent/I was only joking about the batslap. In relation to SBF I think this is more appropriate than a slap.   |
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What was the largest dip in anything that was then recovered above the prior ATH?
Here are my recollections (sorry, some utterances will be shitcoins just for their historical record):
1. AMZN, went down 95% in 2000-2001, went way up the prior ATH, took 7-8 years.
2. GME, down 95% between 2008 and 2020, then 116X.
3. AMC, down 94% between 2015 and 2020, then 28X.
4. TLRY, first long dip 97.5%, then 17X up (did not reach the ATH), then another 96% down (total down from the ATH to ATL was 98.1%), we shall see how it goes.
2. AAPL went down 82.5% between 1991 and 1998 (that bear seemed endless), got rescued by S. Jobs, now a biggest company (or one of top three).
3. ETH (see the disclaimer above) went down 95% inside 2018, ATH in 2021, 59X from the low.
4. ADA (see the same disclaimer) went down 98.4% in 2017-2020, new ath in 2021, 150X from the low.
I have never seen something/anything that declined more then 99% (not counting oil futures going to negative value) coming back to exceed the ATH, but would be interested if such situation existed.
Apart from ADA, 95% seems to be the most "something" declined before reaching a new ATH.
What i am getting at: at $1000 (someone suggested this number as a remote possibility), it would be about 98.5% down. 95% would be $3445, a match to march 2020 "mindrust wick"
If less than that 98.5-99%, then there are no records to suggest that recovery is possible (it appears to never happen before, unless you can find such record, without counting bankruptcy cases).
So, crying would be kind of appropriate, as in crying for ALL of humanity, imho, not just bitcoin (at or below $1000).
Besides your shitcoin talk.. |
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Hey we are now under 16.0k
The meltdown is firing back up
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Ouch! This hurst so bad...  I'm constantly dumbfounded where these "SmARt CrYpTo BRos" think the free and easy interest money actually comes from. Trees, maybe? |
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As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?
Things go in cycles and the online world needs some decentralization brought back to it. Why would we want one "Metaverse" where you have to bow down before Zuck or risk losing everything you have? But what could possibly go wrong?  |
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Pity this one's grey. I couldn't find any red one's. |
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Did it get delivered like this?  |
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Cointelegraph says he's "under supervision" in the Bahamas, but trying to get to Dubai. https://cointelegraph.com/news/sam-bankman-fried-is-under-supervision-in-bahamas-looking-to-flee-to-dubaiFTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities.
The source familiar with the matter told Cointelegraph that the three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are looking for ways to flee to Dubai, which "doesn't have any extradition treaties" — likely in reference to the United States.
“Right now three of them, Sam, Gary, and Nishad are under supervision in the Bahamas. Which means it will be hard for them to leave,” a source familiar with the matter told Cointelegraph.
“I just got word that they were trying to get a way to get to Dubai which doesn’t have an extradition treaty.”
The source has also revealed that Ellison is currently in Hong Kong, “so she might be able to get to Dubai.” Flightradar24 says his private jet flew from the Bahamas to Argentina, and there's speculation one of his friends was on it. https://news.bitcoin.com/flight-radar-report-shows-ftx-co-founders-private-jet-flew-to-argentina-sbf-says-hes-still-in-the-bahamas/According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the flight track doesn’t mean SBF took the flight, a number of people suspected someone from SBF’s inner circle did fly out of the Bahamas.  |
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Those pictures are probably photoshopped. Here's some better ones.  |
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