Topic: FTX drama stressing people for no reason | How to stay neutral - page 3. (Read 1446 times)

Recently I have been seeing a lot of people who are key crypto players for the past few years, backing away from cryptocurrency & mining. I have a few bitcoins, but I have never trusted any exchange. I have bought BTC from people only and currently, it is in my own hands [technically speaking]. I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. P2P is what bitcoin is really about.

People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless. If you have lost something, then somewhere it is also your responsibility. FTX is responsible for cheating people, but people now making videos about why everyone should back off from crypto is not right & is spreading unnecessary chaos in the market. I am not an expert, but this is simply stupid.

There are a lot of channels[pretty big] that praised Bitcoin & mining now backslashing it & people are really getting carried away with this. Bitcoin to the market is just an emotional asset, however, there is more to it but only if people try to see it. Do not get carried away. Think wisely & use proper data.

Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin.

If you want high returns then you have to take high risks, nothing is easy and free in this world. Those who cannot withstand large losses should leave the market as soon as possible. In a game where there are winners and losers, you can't expect everyone to win. Those who stay at the end are the ones who deserve the reward.

indeed lately many people have withdrawn from crypto, because they are tired of always  losses when investing in crypto. and as a result of the collapse of ftx, not a few people lost and that must have caused deep trauma, especially if our invest with large capital, our heart and feelings will surely be even more tormented. and I personally due to the collapse of ftx I suffered a loss of 70% of my assets.
but I will not give up on investing in crypto. and the experience that I have made me believe that only bitcoin is right to be used as an investment vehicle.

Then I hope this could give some peace of mind to the investors and start a new beginning. This is what we could the risks of investing and storing our money in exchanges, they became an example and got punished as they deserved for it. Unfortunately, together with his arrest we also lose hope that our money will be back. His unbearable and incapable management brings doubts and ruins the whole crypto market, this could be enough and put him as an example that no one will escape from the law.

Yes, not all of us, there are still some people who prioritize privacy, and they are just holders so there is no reason for them to use a centralized exchange. But in this market 90% are traders and they make profit every day through trading, how do they make profit if not using exchange? not to mention new investors will definitely look to exchanges as that is the easiest way for them to access the market. The trends, the projects, their ultimate goal is to be listed on the major exchanges, that's why I say that getting rid of centralized exchanges is impossible.

indeed lately many people have withdrawn from crypto, because they are tired of always  losses when investing in crypto. and as a result of the collapse of ftx, not a few people lost and that must have caused deep trauma, especially if our invest with large capital, our heart and feelings will surely be even more tormented. and I personally due to the collapse of ftx I suffered a loss of 70% of my assets.
but I will not give up on investing in crypto. and the experience that I have made me believe that only bitcoin is right to be used as an investment vehicle.

Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin.

indeed lately many people have withdrawn from crypto, because they are tired of always  losses when investing in crypto. and as a result of the collapse of ftx, not a few people lost and that must have caused deep trauma, especially if our invest with large capital, our heart and feelings will surely be even more tormented. and I personally due to the collapse of ftx I suffered a loss of 70% of my assets.
but I will not give up on investing in crypto. and the experience that I have made me believe that only bitcoin is right to be used as an investment vehicle.

FTX drama stressing people for no reason | How to stay neutral....
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People lost millions, now many key players are backing off.

People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless.

Unfortunately this is a stain in the reputation of this market that is not going to be easy to erase, while the collapse of Mt Gox was bigger in terms of the coins that were lost and at the time it was way more influential than the FTX exchange, at the same time this market is way more popular now and the losses in terms of fiat are bigger as well, so it would not surprise me if this single event was enough to scare a lot of people away from this market and as such delay the appearance of a new bull market.

Of course, Sam Bankman Fried definitely deserved to be punished for the unauthorized use of funds entrusted to him by clients, with which he bought up falling companies and does not play a role for what purposes he did it all. Tens of thousands of people who lost because of his actions also want to see him in the dock, by the way, he could face a sentence of up to 20 years in prison and he was refused bail for $250,000.

https://www.reuters.com/legal/bankman-fried-appear-bahamas-court-us-unveil-charges-2022-12-13/

People who have lost money in this crash will inevitably face stress and depression. They just lost money, they can't help it. People who spread FUD and hate against cryptocurrency because of issues like these surfacing in the mainstream media could be controlled however, be made to realize that bitcoin isn't all scams and taking advantage of poor average joes all for the benefit of a single person. It's a good thing that for one, SBF is already arrested and is projected to face consequences for actions he committed that led to the demise of this massive exchange. So the future is looking a little bright than what people would expect.

Recently I have been seeing a lot of people who are key crypto players for the past few years, backing away from cryptocurrency & mining. I have a few bitcoins, but I have never trusted any exchange. I have bought BTC from people only and currently, it is in my own hands [technically speaking]. I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. P2P is what bitcoin is really about.

People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless. If you have lost something, then somewhere it is also your responsibility. FTX is responsible for cheating people, but people now making videos about why everyone should back off from crypto is not right & is spreading unnecessary chaos in the market. I am not an expert, but this is simply stupid.

There are a lot of channels[pretty big] that praised Bitcoin & mining now backslashing it & people are really getting carried away with this. Bitcoin to the market is just an emotional asset, however, there is more to it but only if people try to see it. Do not get carried away. Think wisely & use proper data.

Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin.

A new chapter will begin, we have just seen Sam Bankman Fried arrested, for sure at every trial he will continue to sing who will be involved in the incident. In fact, I think all of the employees working under Ftx will be investigated and also the outgoing flow of funds will definitely be a meeting point in the future. we are just waiting for this case to come to an end where it will be seen a certainty of clarity from the beginning of the incident that occurred on Ftx. indeed, if you remember, this case is very regrettable that it could have happened so quickly after terra luna because Ftx is the second largest exchange after Binance but sam bankman has done ridiculous things behind the scenes which have made all of his customers suffer losses.

this is the link posted by saylor on social media twitter i think sam bankman went through a lot of ridiculous roads before he really fell https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block?utm_source=twitter&utm_campaign=editorial&utm_medium=social

and in the end he was arrested too, after several weeks of still enjoying the free air without feeling guilty. The FTX victims are of course happy with the news of SBF's arrest, and they will also demand compensation, but whether they can still return or not is still a matter for the authorities.
people who have lost money because of FTX become stressed and until someone is desperate to commit suicide because they experience bankruptcy and lose all their assets. We hope that several related perpetrators must also be caught and given appropriate punishment and fines.

Sam bankman fried was officially arrested by the Bahamas police for the FTX bankruptcy case and also the sole actor for the losses suffered by his clients who traded on the FTX exchange. This news has spread widely on social media and this is the end of the drama that has been made this year. I am not even surprised by this news indeed he deserves to be arrested and punished for what he did. Many people have been victims of the FTX collapse this year and many of them are not only beginners but those who have been involved in the crypto world for a long time have also become victims of this incident.

so that there are many valuable lessons that serve as points for us to remain vigilant in placing assets on exchanges even if it is a large exchange. Therefore, after making a purchase, immediately withdraw your assets to the wallet that you have the key to. there's nothing else to say but to remind not to be the next victim.