Friday, November 11, 2022 9:22:41 AM
The FTX debacle is getting ugly...
https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
...and this morning, FTX declares bankruptcy...
I will be watching for Bitcoin and Ethereum to be beaten down as a result of collateral damage, but these two coins are substantially different from altcoins. Bitcoin is a commodity where custody can be solved without an issuer. Altcoins generally require a neutral stable coin and an exchange.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170424444
When the dust settles, and there is blood in the streets, I am thinking a Bitcoin buying opportunity will present itself.
Obligatory link -
In the meantime, bouncing back and forth between BITO and BITI could be profitable. GLTU
https://stockcharts.com/h-sc/ui?s=BITO&p=60&yr=0&mn=1&dy=0&id=p77645593802
https://stockcharts.com/h-sc/ui?s=BITI&p=60&yr=0&mn=1&dy=0&id=p77645593802
https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
...and this morning, FTX declares bankruptcy...
Press Release pic.twitter.com/rgxq3QSBqm
— FTX (@FTX_Official) November 11, 2022
I will be watching for Bitcoin and Ethereum to be beaten down as a result of collateral damage, but these two coins are substantially different from altcoins. Bitcoin is a commodity where custody can be solved without an issuer. Altcoins generally require a neutral stable coin and an exchange.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170424444
When the dust settles, and there is blood in the streets, I am thinking a Bitcoin buying opportunity will present itself.
Obligatory link -
In the meantime, bouncing back and forth between BITO and BITI could be profitable. GLTU
https://stockcharts.com/h-sc/ui?s=BITO&p=60&yr=0&mn=1&dy=0&id=p77645593802
https://stockcharts.com/h-sc/ui?s=BITI&p=60&yr=0&mn=1&dy=0&id=p77645593802
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