/biz/ - Business & Finance

>>52526519
its because they were degenerates looking for the next 100x on /biz/

Yes but the idea they "despised it" is retarded, they didn't despise it, they just understood that they couldn't gamble and make 10-100x off it like they could with their premined ponzi coins.

>>52526519
Yeah low key I'm happy about this FTX blowup. They were cancer for BTC and I wouldn't be surprised if they were partially behind BTC having a lackluster cycle.
A lot of bitcoiners are gonna start moving their shit to cold storage regularly which is healthy for the long term. I just hate that some people will leave the space and never look back due to getting burned so bad. Can't say I blame them for that choice.

>>52526545
Wrong.

>>52526592
that is a stretch to say the least

>>52526545
SBF never missed a chance to talk bearishly about BTCs future and that along with their non existent BTC reserves shows their book matched SBFs opinion

FTX dumped altcoins for USD which they blew on leverage and mansions and methamphetamines. They hated every coin that they didn't directly control the supply of (meaning they only liked solana, maps, oxygen, bonfida, and some other sol scam coins). In the end they dumped the fuck out of literally everything this entire calendar year.

>>52526545
100x on shitcoins are virtual gains, the moment you try to cash out big amounts they crater 99.9%
it's going to work if you put some k
it's not gonna work if you are doing it with hundreds of millions
anyway, good riddance of the kike rat, deposits were made to Alameda and they were gambling them all
the FTX order book was totally fake, limit orders were NEVER filling, the behaviour was insane and weird when compared to Binance
every buy on FTX was a buy into thin air
i'm so happy he fucked up early and at the end of a bear run

>>52526519
ETH makes FTX irrelevant.

>>52526577
Nobody leaves, you either get it or you don't. If you leave, you haven't gotten it yet.

>>52526610
>>52526632
>>52526592
I agree but point is they didn't do this because they hated btc, rather they understood it was the only thing with actual value in the space and they hated they couldn't grift with it as much. Moving btc was necessary for them in order to generate the ridiculous returns they were seeking.

What's going to happen over the next year is the newfags are going to leave the space assuming crypto is dead for the umpteenth time, they'll cry about muh fed and muh recession, and bitcoin is going to crab along here while stocks go lower until suddenly it starts moving up again when everyone has forgotten about crypto. Its all so predictable.

>>52526536
>they weren’t glories plants sent here to destroy crypto, they were just stupid
You naive little bitch

>>52527022
>they didn't do this because they hated btc, rather they understood it was the only thing with actual value in the space and they hated they couldn't grift with it as much
They didn’t hate Bitcoin they hated they couldn’t get big returns?
Are you retarded?
That’s the same shit.
No one here thinks Sam literally hates bitcoin. You think he was retarded enough to think Alts wouldn’t crash like 2017?
He didn’t realize shitcoins wouldn’t have liquidity to cash out without destroying their market cap?
Everyone here knows this shit.
It’s shit we all learned flipping ICO’s back in 2017 on etherdelta

>>52527022
The point is "FTX blowing up is bullish for Bitcoin". I don't need you to goysplain hatred to me.

>>52527120
>Everyone here knows this shit.

Sam discovered Bitcoin more or less in January 2018. He didn't know this shit and he was short bitcoin LOOONNNGG shitcoin.

>>52527373
ftx already blew up and btc tanked

>>52527120
>everything must be le ebin conspiracy
You're the naive one. You think that turning everything into a Plan helps you understand things, but you're just coping because deep down you know it's chaos

didnt they know all altcoins go to zero

>>52528641
Of course they knew
these idiots just want to trust the Jew and his apologies
>>52528029
>>52528045
I remember my first day in the markets
There’s a reason why bankers are the worlds biggest conspiracy theorists
Because they know how shut works
If you think this naturally blew up and wasn’t planned, I have a beach house in Iowa you can buy

>>52526612
Oh God...
What scum.

>>52526639
And where are your coins located right now?

Motherfuckers
Put them in front of a firing squad

Normies can't understand the thrill of pinning the weasel. Night spent chasing an over amphetamined Caroline around the bean bag forts. Her squealing and gibbering, pouring sweat and on the verge of seizing. Your friends build up an intoxicating, delerious state with Talmudic chantings at the sidelines, hitting the Caroline-toy with brooms if she tries to escape. Sam would be giggling and laughing as the waves of methamphetamine pleasure seem to harmonize with the droning herbrew verses. He runs through the bean bag maze fat and portly, with his viagra powered penis a divining rod for the weasel. Sweat gushing down his face around his unfocused eyes he laughs and chortles until he gasps "Found you!". The Mathsweasel screeches defensively but Wankman Bankman is upon her in seconds. His penis thrusting blindly into her flank, leg, stomach and ribs unconcerned about anything but the motion. Eventually serendepity finds her mouth and the Cocktube Rodent is placated, suckling contently on Bankman's dehydrated dick. https://m.youtube.com/watch?v=1vAqaUwLg7g

>>52526577
nah, mass cold storage would mean a return to early 2010 prices.

>>52528042
Yeah because the 2nd largest crypto exchange is a massive risk-off event.

Money that people allocated to Bitcoin never resulted in actual Bitcoins purchased. Now that sucks for these people, but it also means the bitcoin price has been artificially suppressed in the past. What it means going forward is that the drift of btc will be higher than before.

>>52529096
>Normal, sane exchange:
Build exchange
Users deposit BTC to sell
Other users deposit USD to purchase BTC with
They hold most of it on the exchange
But all the BTC and USD deposited are held until a withdraw from the exchange is made
Verification is done to ensure that the amount of BTC and USD held matches the holdings of the users accounts
>(((FTX)))
Build exchange
Users deposit BTC to sell
It all goes into a different exchange
Dump it all for USD to then speculate and pump your own shitcoins
Speculations all go sour, company bankrupt, other dependent companies who assumed you were operating faithfully go bankrupt
Users lose everything

Hmm...

>>52526635
Yes, but...
Chainlink makes ETH irrelevant

>>52526519
because bitcorn is proof of work

>>52529248
Tbh I hope Bitcoin maxis lose everything. You guys are such cringe losers. The anti-Semitism to top it off…just lol. Go fuck yourselves.

You will be jumping off a bridge sub-$2k.

>>52529803
>The anti-Semitism to top it off

>>52529803
The jews are the chosen people and they were given control of currency through god's will.

These filthy goyim will never understand.

>>52526519
Fun fact: remember the guy who "hacked" the FTX wallets (100% certainly an insider) a few days after the shit hit the fan?
The absolute first asset he sold was all of the Link.

>>52527022
Yeah, this. And the consolidation of value back into a core set of tokens/coins. The entire Solana rugpull ecosystem will evaporate, for example

>>52529832
Holy shit, it was Sergey?

>>52529096
the btc got sold during the bullrun. the money from the sales went into other shit projects that went to 0. theres no money and no leveraged suppression - its gone.

>>52526519
They jelous BTC went to the moon

>>52528935
Why do you think this? Why would self custody reduce prices? People who want to trade will still trade, they just won't open the market up to dilution by using exchanges as a safety deposit box for their coins when most exchanges probably do some variation of what FTX did.

>>52526612
This. They farm raped every other chain using their own depositor's cash and then dumped it into oblivion before putting the profits back into Sol.

>>52526519
The shills were financed this way and so were the narratives.

>>52526519
More like they artificially pumped the price of BTC then dumped and shorted it all the way down.

What is it with dune coons trying to advertise their single digit follower accounts here. Twitter is where facebook was in 2014, irrelevant

>>52531528
which is why every other thread on 4chan revolves around a Twitter screencap? get real you are coping hard dude

>>52526519

>>52531815
no, i know that game too well. twitter reached its peak in 2017.

>Alameda despised Bitcoin, Avalanche and Cosmos

Really makes you think