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Aghori
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- May 11, 2009
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Aye. I actually made a small profit ~5% overall since I bought it so cheap. Oh well...
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Luno assures that Saving account deposits are safe - Genesis well-hedged
- Thread starter Jan
- Start date
Aye. I actually made a small profit ~5% overall since I bought it so cheap. Oh well...
SauRoNZA
Honorary Master
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- Jul 6, 2010
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- 47,848
I don't think there is anything to worry about with luno. In fact, if they play their cards right, they could possibly come out the other end of this as being one of the largest platforms on the planet... that said, as always, don't keep your hodl funds on exchanges, always control your own keys
I’ve heard far more horror stories of people losing their keys than exchanges losing them so they can happily stay with Luno.
SauRoNZA
Honorary Master
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Every single crypto exchange to date has assured their customers that their funds are safe...up to the point when it wasn't.
Every other crypto exchange hasn’t done audits like this to confirm that what they say is actually true.
SauRoNZA
Honorary Master
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- Jul 6, 2010
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https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115
They announced a 12 weeks pilot with Tier 1 banks, looks like FTX really putted things into overdrive...
Yeah cant wait to let the government have direct access to my every transaction, bank accounts, movements and thoughts.
I suppose no different to now actually
To be honest, I considered my privacy forfeited the day I started keeping a smart phone on me and started using social medias.
I suppose now it will make it much easier to track down where and how people stashes their money, don't even think about trying to hide from the IRS lol.
Thanks to all the crypto failures this year, no one's gonna oppose regulations, there will most likely be more crypto failures in the future, so all they need to do now is to let CBDC ease in for now and start shifting public confidence from cryptos into CBDC when the next blowup happens.
NarrowBandFtw
Honorary Master
- Joined
- Feb 1, 2008
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- 27,727
yup, I went on a fat buying spree just before FTX exploded
definitely not selling even though that recent buying spree is sitting at a loss, I'm actually surprised at how robust BTC has held above $16k, multiple nuclear bombs went off and it still resisted a massive price drop
not quite brave enough to buy in big tranches right now, but certainly not selling
I don't think the bottom is quite in yet, but it looks like a good time to be dollar cost averaging back in to BTC now and over the next coming months.
There should be some more collateral damage from the FTX collapse in the next weeks to dip a bit lower, but who knows. CZ's crypto recovery fund has received a lot of interest from other investors in the industry, so good news there could keep the price from dropping much lower.
except you could do the direct social engineering like blocking transactions and social-credit score they have in Shanghai etc. if they don't like what you do or say. But I feel that's more a fact that WeChat is linked to Gov and Google or Twitter aren't there yet, rather than CBDCs.