They make tons of money and every single penny they spend on marketing is on a budget that's not really going to hit them bad. But if they're spending that much per week or per month then it only means they have faith to the marketing style as it works for them.

Just like any other casino or brand that's not on the forum but spends a lot of money on advertising on social media or into the banners that we mostly see through google ads.

Connections.

I think it's pay back time to those that he has supported when he's still at the peak. Donating money here and there and to the democrats and that's why he's taking all the benefits right now.

People even want him in jail but look, he's free out there having talks and I guess this won't be the last appearance he'll have but there could be more.

@OP, bitcoin is at the right path and every project that will make a new blockchain of their own and new token for which they think is better than bitcoin is going nowhere.

There have been gazillions of that type of projects in the past years of bitcoin's existence and most of them didn't survived at all. That's why many will tell you if it's bitcoin, it's like the assurance in this market but when it's about any other altcoin, you'll be not sure with most of them.

While the news and event is still fresh for FTX. Film makers and producers see that they can make money from the hype that its brought.

Like the other stocks and economy markets even the gamestop, it's already on netflix. I'm sure that these series' that they're trying to build isn't just all about showing the other side of the story.

But it's all about making money on them as the interest of the audience is still there and they can't just miss it.

Bitcoin's ATH and increase has something to do with demand and supply but one thing that can't be removed is about the printing of Tether. Whether we like it or not, that really contributes big to the price of bitcoin.

I don't think there's direct impact on it. Whether people are lazy to withdraw, it's still the same as what the market is showing. I'm thinking about those news about whales moving funds in and out of exchanges. That don't give that much impact these days until the exchange happens.

Probably the impact of it isn't on bitcoin but more with the exchanges where people are pulling out their funds. Demand will be less on them and they'll do something to take back those pulled out funds on them again.

Most likely, yes.

Like with what these owner of exchanges done, we didn't even know that they're doing something behind with people's fund. It's like when they're using people's money and everyone gets to know about it.

Then, the chain reaction is there, it's a domino impact.

Someone has already posted this news about BlockFi filing for chapter 11 - bankruptcy. The thread[1] was posted on the Exchanges section and it's better if everyone's going to continue the discussion there as that's the first thread that's been made for the said topic.

[1] [Breaking] Crypto Lender BlockFi Filing for Bankruptcy

That's for sure related to what happened in Canada with retirees money swindled by FTX.

It's fair to think about the welfare of the retirees and on how they're going to spend well their pension. But, it's still up to them when they have the control of their funds.

Whether they'll spend it on a cruise, a vacation or into investing it on bitcoin. As long as the management of handling the money to them is good, next to it is their decision making and government shouldn't intervene with personal interest and actions.

I disagree with you, I don't think that most sees bitcoin as a religion. Whoever said that is just speculating that everybody thinks that bitcoin is a religion.

What is better to think is that, this is a community, a movement for which comes from different parts of the world.

With that in belief, that means that religions make money so as bitcoin if perceived as a religion?

No.

But that's not enough, there are communities of projects that have been made with fake followers though I think you know what I mean and they're easy to be figured out.

If there's not that much interaction on that project then that only means that they're not real followers and probably used a following service from any third party to make it look like they have a lot of followers.

And the engagement isn't there because you see little active people to none.

9%-10% of interest rate APY is reasonable and that's like the normal rates. But it's starting to make me worry about things when FTX has fallen and other companies that has relative service for giving interest to the deposits on their platform closed down.

The logic of earning from these interest rates is having huge deposits so that you'll also earn bigger from it. But with turn of events right now in the sphere, it's worrisome that they might collapse or file for bankruptcy while your deposits are still with them.

Some may really be good to be collected and yes, just do it only with the ones that has the potential because I've seen with the many that they're doing it wrong.

Every time someone calls that it's a good coin with a potential, they're all rushing to buy it without any single doubt of trying to learn what's with it and if it's really true.

But to remind, not all alts that have soared during the bull run could show the same results and be back again.

That's what I've done for a long time before I've acquired my hardware wallet. I've also read it from someone in the forum and found it as a good suggestion.

I did have an old laptop and connected it for a while in the internet so that I can download Electrum and then did the transfers and kept bitcoin on that wallet I've from that laptop and took a long time until I've connected it back again for doing transfers during the bull run.

It's a good alternative but just make sure that you're putting it on a good surface that no one can ever touch it except you.

Definitely.

Owning bitcoin is much better than owning any altcoin. There will be the debates about that altcoins have gained more than what bitcoin has gained and that's okay.

If you think that there will be an altcoin that will gain more than bitcoin then suggest it to the others or do it on your own. But by having bitcoin, it's like having an assured asset in this world of cryptocurrencies that's majority of it is volatile.

But despite all of that, I honestly think that the crypto market is still in good situation considering all of these events happened at the same time.

If we'll go back in time and this has happened, I guess that we'll see the lowest price that bitcoin can do. But no more going back to the past and we have to deal with it currently.

Having an optimistic mind will also prolong you on this market just like me and the others that have been considered staying quite long.

That's most likely that can happen.

AFAIK, during this season when bitcoin is sluggish and not that much action happening, eventually the price won't soar but instead will do the opposite which is going to be dumped.

Are we back at the capitulation period? This is going to be another roller coaster ride and we don't know how low it could go before this year ends.

When you do something that you don't know of, you can't expect to be productive with it and that's why lack of knowledge is one of major reason.

Trading carelessly without any plans of learning from it is throwing money to the exchange and you expect nothing in return. But if you have plans of doing yourself a favor and you want to learn with the futures, you'll do something about it.

For every system that's been made, there will always be a loophole for it. We may not see it for now since it's just new but wait until several months or years and we'll see another fiasco.

Maybe it will be made by other competitor of Binance or it will be Binance itself.

CZ is stepping up the game for the exchanges and asking to follow him by doing such through merkle tree. On the otherhand, those that want to see their reserve funds, it's a good thing.

This is the power when you've got, influence, money and network.

I'm expecting some mad off people that will be at the audience will throw some rotten tomatoes at him as he speak. If that really happens, I can't blame the person that will do such thing.

No remorse as if nothing has happened, people nowadays that have lost people's trust and money seems that they're the ones having no problem at all.

It's simpler and easier because we're aware of what coins to invest and we've been in this market for so long. But those stock traders and investors, they'll say that they're on the safer haven because those stocks are backed up by a company.

Although in reality, they are correct but the same thing is existing in the stock market and that is about dumping. Those shares can be dumped so much easy by those bagholders of it like the owners and those that have obtained it when it's cheap, not that much difference with bitcoin's plunging.

Everyone do their best to win with all trades that they do.

But being invested to your emotion is going to make you lose even more. That's not a good thing as a trader because you're going to overthink and that emotion you're feeling will make you want to be perfect with those trades that you do.

And you have to remember that no one's perfect even done with some strategies, it's just not enough and there will be days that you can't win against the market.