https://www.youtube.com/watch?v=IKtsx-A5zek& As BlockFi files for bankruptcy and Genesis teeters on the edge, there's a remarkable new twist to the FTX saga.It turns out FTX had sold/lost/divested of 80,000 Bitcoins belonging to customers whilst creating a "paper-Bitcoin" derivative to balance the books. These paper-Bitcoin are worthless IOU's, but we can see FTX had created almost as many paper Bitcoins as there were real bitcoins mined in the same period. Much like the gold market, they had artificially manipulated the price lower by creating more contracts than could ever be settled.It would appear that Sam helped the democrats launder $60billion via Ukraine, supressed the BTC price by artificially boosting the supply with his paper-Bitcoin and tried to cause crypto regulation; but its all blown up in their face.You know what will happen to the price of real-Bitcoin now that people realise its more scarce than they thought?
>>52650823You are correct but you pick and choose a bit. Yes, the fake paper bitcoins are gone. But SBF isn't the only one creating paper bitcoin, just look at any bitcoin futures-based ETF (there is a reason why spot ETFs do not get past the SEC). And your zoomer adderal affliction is showing when you say that regulation has blown up in their face. The jew works slowly but surely. The main intention is to drive bitcoin down to zero with as few retail victims as possible would you believe. But it will go to zero if left to these jew traitors you call your leaders.
>>52650823we've known this for a long time with the wbtc bullshit ftx was pullingftx going down is the most bullish news I've heard all fucking year and I hope binance goes nextthe fewer giant cex's crypto has the better it is for the industry
> You know what will happenBitcoin is going to $0.00001. that is what will happen. Hth.
most OGs outside of the robinhood elon musk followers from wallstreet bets know this already but unfortunately 95% of new money into the space are these iphone app traders. These guys will eventually come back to the space but they tend to buy the top when bill ackman and others with a certain background I am not allowed to say without being banned dump on them
>>52650823>It would appear that Sam helped the democrats launder $60billion via UkraineWhy do you keep telling this lie? No one with an IQ above 60 believes it.
>>52650914>>52650984Well said. Good posts like these are rare on /biz/ these days.
>>52651034>Why do you keep telling this lie? No one with an IQ above 60 believes it.Oh, its true alright. The only people who argue that it isn't are either woke leftists, glowniggers or jews.
>>52652398This is considered evidence-based rational argumentation amongst the retard community.
>>52650823just look at that shit, its how far from common sense we got, a dirtbag in shorts, tshirt, and dirty sneakers sitting on a stage next to a former president.what an absolute fucking joke, holy shit.
>>52650961>not zeroare you starting to believe mr. Schiff?
>>52650823lmao you dumbass those aren't notes for delivery of BTC. nobody has to buy any BTC to resolve that. your money is gone.they took money and sold you an even faker IOU than bitcoin is. that's it, that's all that happened lmao
>>52653181Those are some ugly white broads.
bulltards still calling for higher prices?thats how you just know this shit is going below $10k
>>52650914this. And this fake BTC has spread like a virus to every corner of defi thanks to some celebrity endorsements and superbowl ads. No one has any idea if their fake btc is real until they swap it for real bitcoin.
>>52650823This is a good post and the reasoning is exactly right. This is actually a good time to buy now that there is so much blood on the streets. Ignore the trolls who just demoralize every post.
>>52652398They government is spending that money right out in the open. By definition, laundering is done in secret. How is that laundering?
>>52653422>thats how you just know this shit is going below $10kWho is left to sell who hasn't already? the only people I can think of are the bankruptcy lawyers liquidating company assets, but in the case of FTX there are very few assets to liquidate; so who is going to sell now with such force to push the market down to $10K?1. We're already at max-pain (60% of coins underwater)2. Mathematically the bottom is due November 30th3. HODL ratio is high, coins on exchange is lowI don't see where selling could happen to create a $10K coin. How do you see it happening?
>>52653588>How is that laundering?Biden sent tax-payer money to Ukraine.Zelensky sent that money to FTXFTX "donated" that money to the Democrats to fund the midterms.This was all done in secret and was only uncovered when FTX blew up.
>>52650823why did he cause the second all time high anon? What was the purpose?
>>52650823this is another scam to make people hate btcnot falling for it
>>52650914Binance is chinese and after the ftx madness it will be more cautious
>>52653181Those chicks literally do nothing but be hot kek. That shit makes sense, he paid the and thots show up. They all have a price...
>>52653501This fir sure, if you have cash niw is the time to buy, btc can and probably will go lower, but it wont matter when it breaks out again....
>>52653215>lmao you dumbass those aren't notes for delivery of BTC. nobody has to buy any BTC to resolve that. your money is gone.I don't understand OP's argument.It seems to hinge on the assumption that the customers who got scammed are going to want to try again and buy BTC on the market (but self-custody this time).Realistically, the retail customers they burned aren't going to buy more crypto, probably ever.All this (FTX scam) did was turn people away from crypto.Any effect of the reduced supply is counteracted by the reduced demand.
>>52654444Fuck, these digits
>>52653991>how do you see it happeningall I need do is look to the trad markets. s&p, nasdaq, dow tops are in and all poised for a major correction. bitfuck will follow suit
Buttcoin to zero.
>>52653991We go to 10k on December 9th at 6:56 PM EST when tether depegs after a scathing investigative report is published in the Wall street journal and a whistleblower who had been working with the feds since July of this year goes public. The feds officially charge managers of Tether for wire fraud on December 16 as BTC hits 8.5k.On December 28th at 8:23 AM EST, Binance declares bankruptcy citing irrecoverable losses due to the collapse of Tether (which is at that point in time trading for $0.464). Later that day Bitcoin hits 2.5k and crabs there for about a month.
>>52650823>You know what will happen?Yea, Millions of people now see crypto as a ponzi/money laundering scheme. Bitcoin will never go over 50k again. Trust has been lost. It is a flawed currency
>>52653181gisele bunchkin is tom brady's whore wife and the other one is a man
>>52654554The hash cryptography after the halvening will have to be wordle tier at that price
>>52654554Kekekek you will buy when 55k no selling at 150k and panicsell when it dips to 50k next season of bear
>>52654536Go meds schizo
>>52650823Bitcoin price isn't traded on supply vs demand it's based on general market sentiment and high volumes of wash trading to prop it's value. There being potentially less supply will do nothing to the price because it's inherently worth 0 dollars aside from our metacognitive value of the fake internet money.
>>52651034Sam is it you? When are you feeling the grippy again? Pinning the weasel and all.
>>52655377>Bitcoin price isn't traded on supply vs demandMaybe one of the most un-economic things I've ever read in my entire life.You're going to find if you want to buy it, you're going to find the price is set by the people who are prepared to sell it (and vice versa). Do you honestly believe there is some other pricing mechanism that supersedes that?
>>52655496Let me explain. There could be only 1 Bitcoin out there and it's value wouldn't be 1000000000x more than the current setup. "Supply" with magic internet beans is a myth, the only thing you should worry about is greater bag theory. You are playing a game of chicken with depegged casino tokens that you will need to redeem eventually for actual currency. If there would be a pricing mechanicism it would be the cost of mining + electricity but since the pricing is elastic based on number of miners it's impossible to create a 1:1 value for a coin. Applying supply and demand in this scenario is inherently retarded because Bitcoin has no inherent value except the idea that one day some greater retard will take it for more money off of you than you bought it for. This is unlike traditional stocks and companies that have assets on paper that can be liquidated in the event the business is no longer solvent. You're playing an impossible game applying your retarded supply and demand theory to the price of btc and I look forward to your eventual demise.
>>52650823thats a retarded take. we are always going to have big cexes so the price will always be suppressed if they are printing paper btc.also, big cexes are where most of the demand comes from for btc. without them, the price will plummet.
>>52655581>"Supply" with magic internet beans is a myth.1. You're clearly a Bobo2. You're equating Bitcoin with all of crypto.3. You really have no idea what you're talking about.
>>52655663Sell me on Bitcoin. Why would I want one? The previous idea was that you could offload your bags in the 30s, 40s, 50s, and 60s to boomers that watched a Superbowl commercial but those buyers are now out. Pajeets will always be around but they have low buying power. That leaves, what, Africa to sell your bag to? That ain't happening either. So it seems the only good selling point for Bitcoin is gone unless you can come up with some new selling point. So go ahead.
>>52650823just ignore the whole ponzi aspect of BTC lmao
>>52655581>Bitcoin has no inherent value except the idea that one day some greater retard will take it for more money off of you than you bought it forOh no dude. Your post started off so good but then you outed yourself as an little idiot.
why buy internet money tho
>>52650914How to channel fiat money to crypto without a cex that bridges the money from banks?
>>52655846What "utility" does Bitcoin provide aside from letting you sell your bags to a more retarded individual for more than you bought it for?
>>52655889either transak or small exchanges like coinmetro (sepa instant lets you get money in or out in like a minute, so that's nice)exchanges don't need to be big and they shouldn't be, they shouldn't be trading either and they shouldn't be leveraged all an exchange needs to do is get money in/out of crypto and match orders, that's it
>>52655784>the only good selling point for Bitcoin is goneThe only good selling point for Bitcoin is human greed. If you think people won't be greedy in the future because of FTX or whatever, don't buy in. The days of FTX are already passing us by...Fidelity started BTC ETH trading this week.
>>52650823bitcoin was being propped up, not suppressed. collapsing bitcoin prices were bad for them, there's a reason they blew up now instead of when bitcoin was $70k
>>52656569Fidelity is the big leagues, niggas, and perfectly timed the introduction of BTC ETH trading to coincide with the bottom of the market. Fidelity will be pulling niggas in - all in the green- for 3 years. Fuck SBF, narratives, and FTX...this is "next."
>>52652563kek>>52650823he's saying "mined" he means sold like miners sell?
>>52653991Under white shariah law all 4 of them could be your wife.
>>52656585leverage works both ways, they pump the shit out of crypto and then dump it and make money on the way down, the issue is when you're so damn leveraged that your leverage is also leveraged all it takes is something like luna going under (which FTX most likely had a hand in) or FTX going under (which was caused by binance dumping FTT which FTX was leveraged on) to fuck everything uprealize that these massive exchanges are just playing whale games and they do it with the expectation that they'll be the one coming out on top while other players in the industry and their customers lose everythingthe end result is it makes crypto look bad and only gets us heavy handed regulation from governments looking to protect their citizens who lost money in crypto
can you fuckers start making sense and tell us what your predictions are already? And when it will happen?>hurr ur mom>no UR mom>durr no Uthat's what you both sound like to most of us
>give 80,000 btc to a jew>he gives you worthless PAPER (digital) in returnWow no one saw that coming.
>>52656197> What "utility" does Bitcoin provide aside from letting you sell your bags to a more retarded individual for more than you bought it for?Selling it to an even smarter individual, who was born later than I, for more than I bought it for. Or, if I'm unlucky and I run into hardship, I guess selling it to a smarter individual who still is making profits and needs a place to park them.
>>52656834Anyone buying your bags is a retard and if you don't believe that then you will never make it. Everytime you sell anything you should be thinking "lmao this idiot is buying the top".
>>52657503Every trade is a short term mistake, on both the buyer and the seller's part. Market makers will in the short term drive the price both above and below the sell point, making both buyer and seller regret their trade and making the market maker some money.
>>52650901Wait a minuteAm I retarded or does this make sense>SEC under Gary Gensler refuses to allow Spot BTC ETF's>Gary Gensler is buddy buddy with Sam>Sam takes advantage of this to sell paper bitcoins and keep the price down while laundering moneyWho is controlling Gary Gensler. How deep does this Mossad rabbit hole go?
>>52656663under SHTF, no gay religion is needed.
>>52650914I hope 1inch goes up in value
>>52655496>i must to put on my shoes, for when the rapey times come and i must try to flee.
>>52650823can you cite a source for "paper-bitcoin"? Or is this guy just talking about options trading?also, >2 more years
>>52650823It will go down. The fact that Bitcoins keep disappearing because of stupid shit like this makes Bitcoin less reliable. When something can be so easily permanently destroyed it's not a good store of value.
>>52654536>We go to 10k on December 9th at 6:56 PM EST when tether depegs after a scathing investigative report is published in the Wall street journal and a whistleblower who had been working with the feds since July of this year goes public. The feds officially charge managers of Tether for wire fraud on December 16 as BTC hits 8.5k.On December 28th at 8:23 AM EST, Binance declares bankruptcy citing irrecoverable losses due to the collapse of Tether (which is at that point in time trading for $0.464). Later that day Bitcoin hits 2.5k and crabs there for about a month.
>>52657888He's just a retard trying to turn an elementary schoolers idea of supply and demand into copium for coiners. Very sad, many such cases.
>>52657936>When something can be so easily permanently destroyed it's not a good store of value.Agreed. And Bitcoin has been permanently destroyed hundreds of times by now.
>>52653397excuse me, Gisele Bündchen is of German stock, the one on the right is a jew.
>>52650823two cryptards say bitcoin will go up, kekthey're either shills or plain stupid, because ftx was a huge net contributor to the price of bitcoin going upthe price of bitcoin isn't determined by supply and demandit's determined by the price whales are willing to exit atright now something like 80-90% of all bitcoin holders are underwaterthe question for whales is, do they want to get out and still be rich, or risk going down with the ship
>>52651034Stfu kike. Your days are numbered. Just for your dumbfuck post I am going make a bunch if flyers identifying local jews and post them up around town.
I've said it before. Proof of reserve will cause a gigantic shock.
>>52657602miners have to sell bruh, its inherent to the bitcoin ecosphere
>>52656614I assume he means added to circulation
>>52658853>right now something like 80-90% of all bitcoin holders are underwater58% are currently underwater.In all previous cycles, the bottom was marked when 58% to 60% were underwater.
>>52650823kek desperate crypto baggies hoping for paper to pump their digital beanie babiesFUTURE OF FINANCE HAHAHAHAHAHHAHAHAHA
>>52654444Because FTX filed for bankruptcy, and will be settled through bankruptcy proceedings. I know it’s hard to understand but try to keep up
>>52650961i will literally buy all the bitcoins before it gets to that price
>>52654536Two weeks aye? CPI report will be under Fed prediction. Try harder
>>52654554Totally just like MTGOX
>>52656549smaller exchanges can go bakrupt too, in fact usually the smaller the exchange, the shadier it isif only you hadn't been shilling for coinmetro, I might have taken you more seriously
>>52657888 users bought btc and sbf no longer has it.>>52659981 yeah, it's dumb way to say it
>>52654039Zero dollars was sent to Ukraine We’ve been giving them weapons
>>52651034The whole topic is based on that Russian well poisoning. Rest is irrelevant. And you catch it. This is why they are so mad.
>>52654039Sent money to FTX? How much?Donated Dems how much? 60 Billion?
>>52655663What is so unique and special about Bitcoin that separates it from Ethereum, Doge, or Mystical Doubleforked Transgender Genocide Tokens? Why, because it was >first? These things are all fundamentally the same shit and are only valued by perception. >but there's a finite number of BitcoinSo I create my new coin called Built for BBC Pooled Mandrill Juice et voila now there's an entire new world of crypto. We can generate infinite numbers of these fake tokens, none of this is special or valuable in any real sense of the word.
>>52662818bitcoin was first and the creator did not exit scam, pretty simple
>>52657695It's not a hole, it's a ladder. And it goes all the way to the top. Sam kept no books because he is untouchable. he was allowed to operate his grift with the full support of regulators and congressman. His only job was to defraud and destroy to clear the path for a federal bitcoin license and the roll out of a cbdc. Their plan is still on track.
>>52654039So FTX would need 60 Billion in Deposits either crypto or wire in the space from february to bankruptcy. There is no data in the bankruptcy case or onchain that show that FTX has ever received said billions.
>>52662906The creator is an anonymous individual or organization, which should strike you as HIGHLY suspicious. He could've vanished from this entire thing 15 years ago you'd have no way of knowing.
>>52662951>He could've vanished from this entire thing 15 years agothat is actually the best case scenario
>>52662988>creator did not exit scam>actually the creator exiting the scam is the best case scenario Pick one.
>>52663019>you are trolling>you are retardedpick one please
>>52655492>>52657807>>52658879Still not a shred of evidence. Very telling.
>>52662951I'm more suspicious of premines like eth and everything on it.
>>52662951>suspicioushow? I don't care if he exited or not.I guess he could rug the market anytime, it would be hilarious. There would be a fork.
>>52663035You made a declarative statement and then immediately reversed your position in less than 10 minutes. This is the classic textbook pilpul and I'm not entertaining it any longer. Get fucked baggie.
>>52663809You wouldn't care to know if this entire enterprise was cooked up by the intelligence community as part of a plan that eventually results in you personally getting killed? As wild as that scenario sounds, it's just as viable as any other proposed motives for creating buttcoin precisely because you don't know who the creator is.