I can’t fathom there being no bail out. This can’t be real.
— gainzy (@gainzy222) November 9, 2022
You can’t just lose 8 billion dollars of everyone’s money and declare bankruptcy. That’s fucking absurd.
This place is going to get extremely dark. Way too many people’s lives have been irreparably ruined.
Top reply is "my life is over ngl." Scroll down and it's an endless stream of dudes talking themselves out of not an heroing
Follow up by OP:
Hundreds of replies laughing at him
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By that logic, the government should bail out compulsive gamblers.
There’s really no difference between that and crypto.
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This but unironically. Let people have fun
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qanon.pub keep yourself safe trump knows u ciaBIPOC so keep yourself safe thx
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No, there is: gambling is regulated. These guys have even less of a chance lmao
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CUT MY LIFE INTO PIECES THIS IS MY LAST RESORT
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/biz/ wasn't as pink as I thought it would be surprisingly.
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They ran out of pink during the glory days of 2017-18.
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This is one of those pics that serve as a Rorschach test for how overly online you are
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This website has deeply disappointed me.
I can't believe there are zero effort posts from people documenting all the sperg outs and misery happening in the Reddit and Twitter Crypto universe.
Do better rDrama.
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I have one insane one for you: https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction
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$3.36 billion and he didn't try moving to a country without extradition?
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Just read that whole thing, frick the feds so much.
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yeah unironically rdrama has gone to shit the frontpage has literally zero drama
now i was saying that a few years ago when the frontpage was 1/3 drama, but it's gotten much worse
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Burgers live in a perpetual fantasy world where they think there's that "one thing" that will make them rich, meanwhile that same fantasy is what keeps them poor.
Burgers are such amazing people.
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I've been talking hateposters out of buying Bitcoin for a while. I am not giving investment advice here but I am gonna say that I am no longer trying to talk anyone out of buying Bitcoin any longer. Will Bitcoin go up? Will it go down? I don't know. I'm certainly still cautious and not buying yet. Maybe. I am just starting to booze up today though maybe I will ride this tiger. My rough heuristic buy price for Bitcoin was 16k, and we went beneath that. With that, there are some additional things that might be buy signals.
We have an event with a catastrophic facade that is worse than the reality actually is. "Buy when there is blood in the streets" as Nathan Rothschild said, and now the pink wojaks are running deep. A prominent crypto guy just tweeted "Crypto is simply fricked, no way trust will be restored after 2022. I hope SBF/do/3ac rot in jail." The despair among true believers runs deep, which before this week there was an attitude of "this is a normal drawdown". I think most of these people were buying in at around 19k and thinking they were safe. There was a general consensus that Bitcoin would hover near the ATH of the bear market before last when crashing downwards. I was always extremely skeptical of this consensus.
Additionally, there are some quantitative indicators as to which I think are notable. Reflecting the general attitude of traders, the FGI is deep into "Extreme Fear".
To corroborate my statement of thinking smarter money was buying back in at around 19k, since mid June we've had an MVRV below 1, which could indicate an accumulation phase on the part of people who think they've found the late phase of a bear market. Now the accumulators just got kicked in the teeth. This could mean that they hold onto their gonads to not realize losses or it could mean they capitulate and drive the price down further. But if I buy now I am buying lower than the "smart" money.
Is this the bottom? I don't know. My old EFnet hacker friend who was the first to ever tokenize a physical asset on a blockchain is still bearish. He has been saying Bitcoin 4k ever since it hit 60k. I feel that 4k is way too low, absurdly bearish beneath all reason but even that is only basically another 75% drawdown from here. It's also possible that because that because we went below 16k as a result of an event that was not priced in, that Bitcoin is not fully done with price resolution yet and is not really oversold. In terms of oversold as a quantitative formula on the RSI, Bitcoin is not yet oversold. It is also possible that I am simply not bearish enough. Also we might see similar collapses from crypto.com and Nexo soon, but these aren't big players. I think the absolute lowest it could go at this point, if those two things happen and regulators go nuts, is 10.5. In contrast the potential upper end of the price could go reasonably up to the mid forties. All things considered, this is the first time in a long time I have been asking myself "should I buy Bitcoin?"
Also something to come out of this that is unrelated to price action: knowledge that CZ is a straight gangster and you should never cross this dude.
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That's great and all, but I asked for my burger without cheese.
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nooooooooo that's where I go to cash out crypto
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get an account at a real exchange. bitstamp or kraken
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except you, love you cb I hope it works out
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awww don't worry i've been around the block enough times when it comes to crypto
unless usdt crashes too then
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USDT is now $0.98
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yeah i noticed when i cashed out some just now
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hopefully
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lmao luckily i have a habit to swap to eth before selling there
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i thought they just halt usdc/usdt on solana chain? usdc/usdt on eth chain is ok?
how you cash out? convert to sgd and FAST transfer out to sg bank account?
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https://www.bloomberg.com/news/articles/2022-11-08/sbf-net-worth-is-eviscerated-in-days-with-binance-set-to-buy-ftx
trans lives matter
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It's funny but he's still practically a billionaire. SBF just pulled off the smartest, biggest bank robbery of all time by far
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wait....... https://old.reddit.com/r/singapore/comments/yq7fxv/temasek_was_a_lead_investor_in_ftx_now_insolvent/?sort=controversial&context=8
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...ouch
Any idea exactly how much they had invested?
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I... don't know.. we're not supposed to question our sovereign funds
@RustShill you know?
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300-400m according to some comments in that thread
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It's all good, it doesn't look like they ever disclosed the investment amount.
Can't win 'em all.
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Bitcoin $100,000 2020!
Krayon sexually assaulted his sister.
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Nice post, bro! I posted it to twitter.
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I CUT MY FRICKING BUTTHOLE OPEN SHAVING IT BECAUSE I WANTED A NICE, PRETTY, PRESENTABLE HOLE. I'M NOT TALKING LIKE A LITTLE BABY PAPERCUT BUT LIKE, DEEP, HEMORRHAGING SQUIRTING GASH AND NOW 10 HOURS LATER I AM LAYING IN BED WITH THE MOST UNIMAGINABLE THROBBING PAIN YOU CAN IMAGINE EMANATING FROM MY BOYPUCCI LIPS EVERY TIME I GIVE IT A LIL SQUEEZE BUT I NEED TO TAKE A MEGA SHIT NOW AND THIS IS LITERALLY WORSE THAN CHILDBIRTH HELP ME PLEASE
Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
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How did the exchange even go down? Where did the money go?
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Can't believe this keeps happening lmao Solana was a DOGSHIT coin with no tokenomics and crap scaling. This was enevitable
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Reminder that 90% of this is not anyones "money" and legally is not considered as such except in el salvador.
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Hi @TelegramShill,
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trans lives matter
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