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52346727 No.52346727 [Reply] [Original]

>2008
>Nobody knew what Lehman brothers bank going under meant for the system
>wait some months
>it means everything is going to Challenger Rocket down in flames
>fed bails them out

>2022
>Nobody knows what ftx going under means for the system
>reddit buying into ALIVE cat bounce at 17k the day after
You guys know this event is crazier than Lehman, Madoff, 1987, 2001, 2018 in crypto.
Ftx was even keeping the market alive with fake money after 3ac and Celsius went under. The market was trying to crash a lot lower back then. And those were for some protocols, not an exchange.

What do you think it.means that there is billions throughout the system that is fake (FTT) and is going to zero?
Reminder the 2008 crash took the market down to the 39 year moving average. That doesn't even exist in crypto, and this is much worse

>> No.52346753

>>52346727
btc 100k bitch CHECKEM

>> No.52346761

>>52346727
>Ftx was even keeping the market alive with fake mone
the importance of this cannot go overstated. everyone forgot who brought market back to life after the crash in 2021

>> No.52346765
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52346765

>>52346727
>FTX
>keeping the crypto market alive

>> No.52346793

Institutions going under takes a bit of time. It's now coming out that Alameda likely went insolvent when 3AC did, but then they decided to pump FTX user funds into Alameda in order to try to keep the house of cards from collapsing.

There are going to be other institutions that had big exposure to FTX and Alameda that are going to go insolvent in the next few weeks

>> No.52346796

>>52346727
binace and tether are the fed and gov cucks of crypto
funds safu

>> No.52346800

>>52346727
wen moon

>> No.52346825

>>52346765
You didn't know they stepped in and acted as the crypto fed when 3ac, blockfi, Celsius etc were going under?

>> No.52346887

>>52346825
And now it turns out that the money they used to bail out the others were likely FTX user deposits. And now most of it is gone

>> No.52346890

>>52346793
Ontario teachers pension plan had $420 million in ftx

>> No.52346933

>>52346890
The institutions that owned part of FTX through funding rounds will take a hit but be okay. Most of them were VCs with hundreds of companies in their portfolios. I am talking about other crypto institutions who may have had hundreds of millions or even more than a billion dollars sitting in an FTX account which is now gone

>> No.52347102

>>52346727
FTX is a nothingburger, newfag.

>> No.52347153

>>52346796
Is binance and bitfinex safe?
Are tether and BUSD not going to get investigated now?

>> No.52347186

>>52346727
>Crypto NEEDS this specific exchange that didn't even exist till 2019
Okay retard.

>> No.52347227

>>52346727
>Lehman brothers
>May 2008, prior to going bankrupt, the firm had $639 billion in assets
Yeah this ain't no Lehman. 10% of that max

>> No.52347287

>>52346933
>sitting in an FTX account
likely ftx.us, so they're good

>> No.52347487

>>52346887
That’s what you call a Ponzi scheme

>> No.52347645
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52347645

https://strawpoll.com/polls/e6Z2eNXE7gN

>> No.52347779
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52347779

>>52346727
FTT is not fake