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/biz/ - Business & Finance

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50272559 No.50272559 [Reply] [Original]

https://financialpost.com/pmn/business-pmn/crypto-exchange-ftx-has-a-few-billion-to-support-industry-bankman-fried

>> No.50272581

>>50272559
so their creditors are fine with FTX just backstopping every pyramid scheme in crypto land?
Bullshit.

>> No.50272586

>>50272559
Bullshit. Everyone leveraged to the tits should been hung out to dry. Legit just re-creating the worst of legacy finance.

>> No.50272598

>>50272559
>July 6
Nice one, retard

>> No.50272607

>>50272586
crypto exchanges are legacy finance

>> No.50272636

>>50272559
>0.5% mcap of btc
>0.2% mcap of crypto market at large
>to backstop industry

it's fucking OVER

>> No.50272666

>>50272559
his overlords have what seems like infinite money when it compared to crypto. “Bring luquidity onshore” he said or something very close in a recent cnbc interview, the one on one in a room. Literally should make no difference to him, it never would have made a difference for a whale, but it does help banks and the old bots club of exchanges and mm’s get their marketshare of the easily manipulable crypto market.
He’s scum

>> No.50272677

So the point of crypto is what exactly again? Can someone remind me? For a guy with a bunch of fiat to bankroll Ponzi schemes so we can accomplish what exactly?

>> No.50272683

>>50272607
This. Basically the changes have made crypto into everything it shouldn't have been. The fact you can leverage and short crypto is bullshit. I honestly wonder why I don't just by stocks.

>> No.50272697
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50272697

>>50272559

>> No.50272727

>>50272683
Satoshi is rolling over in his grave

>> No.50273905
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50273905

>>50272727
checked

>> No.50273936

>>50272607
and everyone involved is aware that they're recreating the 2008 bubble but in crypto.

>> No.50273980

>>50272683
>>50272727
crypto with institutions and regulations is worse than legacy fiat money

>> No.50274983

>>50272559
incoming liquidity crisis
now what would I want to hold for that...

>> No.50275098

>>50272636
Retard, mcap is what matters. Liquidity does and the crypto markets would tank if he sold 2 billion worth.