Bitcoin tanks on Binance-FTX deal doubts

[Nike7]

Whales duped some Dogebros. 'Poor' people shouldn't panic, they only make the rich richer. The market will recuperate in time, and it may be healthier then. People can't ignore that there may be something worse than a recession looming. The signals are pretty bad out there.

Worse? What kind of signals?

 

[Fulcrum29]

Worse? What kind of signals?

Mostly political indicators, but there are various event triggers. I don't believe the world will avoid a recession as its leaders say they will, nor will it be short-lived. There are various economists now arguing which landing the world will have. This is larger than crypto though, but know that some nations are preparing themselves at other nations expense. For concerned parties, they will seek liquidity to better navigate the circumstances, and crypto is an easy medium to provide that in the short-term.

For those at the moment concerned with the BTC market. Don't look at the news, look at the crypto movements, and the BTC network hash rate is increasing. BTC is anything but abandoned. BTC exchange balances are public, though not all holdings are transparent. Most BTC is in cold storage.

There is also a slight trade signal that BTC may have bottomed. These signals have been erratic at late, so I don't entirely trust them. I rather look at real world events.

 

[BBSA]

https://twitter.com/i/web/status/1590449655607095296

 

[BBSA]

https://twitter.com/i/web/status/1590464153650487298

 

[BBSA]

https://twitter.com/i/web/status/1590522942437621760

 

[Swa]

Same as traditional stocks and the banking/housing sector

Funny now the shoe is on the other foot we keep hearing that, when we've been saying all along crypto is everything the traditional stocks and banking sector is. The only thing that differs is the technology.

 

[Fulcrum29]

FTX has now opened some assets to withdrawal.

 

[Enzo Matrix]

We need some fancy pizza triangle graphs. Oh and when lambo's?

 

[Magnum]

All Because they tried and Regulated BTC with exchanges like a Formal banking system...