As in going belly up... https://protos.com/is-sam-bankman-frieds-crypto-trading-firm-alameda-research-broke/ 2 interesting snippets from the article: "Alameda Research is one of the most important trading firms in all of cryptocurrency, with previous Protos investigations revealing that Alameda was one of the two largest issuers of the controversial tether token, receiving in excess of $31 billion worth of tether as of November 2021." "Alameda Research had $3.66 billion worth of unlocked FTT and an additional $2.16 billion in FTT collateral. As of June 30, a total of $5.82 billion in FTT token alone stood on its balance sheet. However, the market cap of FTT was $3.32 billion on that day." Let's give them 6 months or less...But wait, there is more: https://www.coindesk.com/business/2...-on-his-trading-titan-alamedas-balance-sheet/ “It’s fascinating to see that the majority of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed-out-of-thin-air token,” said Cory Klippsten, CEO of investment platform Swan Bitcoin, who is known for his critical views of altcoins,"
My impression of SBF is that he's a savvy operator who knows exactly what kind of a world he's in. Imagine people volunteering to trade against you on an unregulated platform which you control, and actually paying commissions the privilege - talk about laughing all the way to the bank. With that kind of setup, there's no need to take any risks.
Yeah, in the last century.* I don't count those. In the last 12 months I am golden. You are as good as your last trade/prediction. Anyhow, try to focus on the incredibly unsound fundamentals of anything crypto based businesses... >>>thread topic *OK, a decade ago, same difference. By the way it did drop from 30 to 10, so...
You have done serious research. It is an offset to some of the amateurish crap being posted of late on ET.
Pekelo has been bearish on Bitcoin when it was $2-4 He could have bought $1-2K worth of Bitcoin would be worth over $10M now, not counting all the fork coins in 2017 he would have received for free Pekelo was bearish on Bitcoin at the time as you could not buy anything with it, but as with any new technology, that changed drastically and continue to change Imagine thinking Facebook was just a college social media app when it first started...
You nailed this bear market I’ll give ya that. I’d honestly like your opinion- what do you think about the price of bitcoin going forward now that we went from 70–>20? specifically: do you think above big drop in this bear market (say to under 10) is likely? do you think bitcoin ever makes a new ath (70k or so)? if yes to the above, do you think a new all time high will be achieved in <5 years or >5 years?