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Use the discount code YT99 to get the best price.
In this video, I discuss the rapid implosion of the crypto exchange FTX, and Sam Bankman-Fried’s fortune. Binance has submitted a letter of intent to purchase FTX, but the situation is still fluid.
There is, unfortunately, a very good chance at this point that some customer funds will not be recovered– especially if they are being held in BTC, crypto, or stablecoins. Customer money held in fiat may benefit from deposit insurance programs like the FDIC in the US.
Crypto continues to be a huge distraction from the real revolution, which is Bitcoin.
Not investment advice! Consult a financial advisor.
Crypto Exchange Close To Collapse?
TX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange:
FTT token plummets:
SBF’s net worth plummets:
SBF hit by the Fortune magazine cover curse:
CZ’s tweet about buying FTX:
FTX had a very large hole to plug:
FTX used to be valued at $32 billion and Ontario Teachers Pension Plan invested in that round:
FTX US terms of service:
SBF letter to investors?
Why is FTX sending money to Alameda?
It’s a bad sign if Coinbase won’t touch FTX:
Bitcoin has no future as a payments network, says FTX chief:
CRO was expected to have a good 2022 lol:
Nexo hit with cease and desist orders:
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#ftx
#crypto
#bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the βOperator Partiesβ) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, βthe Siteβ) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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Play stupid game win stupid prizes π€£. Most Bitcoin bro's are coocoo impractical jokers, primed and ready to be harvested by intelligent manipulation.
No coz I used my brain and bought bitcoin on a ledger
From the Wall Street Journal: "John J. Ray said in a detailed filing to federal bankruptcy court that he has never seen anything as bad in 40 years of restructuring firms, and that the company canβt trust prior financial information produced by founder and former CEO Sam Bankman-Fried. Even FTXβs audited financial statements shouldnβt be relied on as a reliable indication of the financial circumstances, Mr. Ray said.
Lax controls over billions of dollars in cash and cryptocurrency assets under Mr. Bankman-Fried, including vague accounting rules for disclosing related-party transactions, have left current management scrambling to establish just how much money the bankrupt crypto platform has now, the filing said."
WARREN BUFFETT CRYPTOCURRENCY RAT POISON. How can you possibly deny that now!
Man the nicknames are crazy ScamBankster Fraud π€£π€£
Peter Zeigen – A part of Krypto is fraud, the other part is a pyramid scheme
Matthew, aren't the big players (JPM, Citi, Ameritrade, et al) going to start crypto trading?
Eth is actually king of the shit coins. It's slow moving so its like the titanic, but those that understand tech, pump and dumps and scams… Will be able to identify that eth is still king of the shitcoinery arena.
I'm hoping that there is some regulatory clarity with the sec coming out to call eth an unregistered security.
"hodler" lol. If you use this term, you are a sheep waiting to get fleeced
Scam Bankster-Fraud is the funniest thing I have heard this week!
Thanks Matt, another beaut video. You were right about SBF all along and you have helped save a lot of people from losing their funds, so god bless you and the work you do.
"No we are not all in this together". Right on.
So you wouldn't consider ether in the same realm as BTC in terms of reliability and authenticity? π€
As soon as i heard that Coinbase was planning IPO i knew this war just one big leveraged sausage fest and people would get ripped off buying "hot coins" or "exchange tech stocks". I stopped holding anything on these exchanges when coinbase locked my account.
Anyone who lists customer deposits as assets should go down with the ship. BitCoin is looking deliciously cheap tho
Bitcoin is shit too
TBH I never felt right about sam since I watched a talk with him about why he chose to locate FTX where he did.. It's been at least half a year and I doubt anyone cares so I am not going to search for the talk, but I left the video feeling like he made the decisions he did, not for the Technology, the traders, the investors, but for the idea of /FTX/. It also felt like he didn't even try to obfuscate the fact that being in certain territories would benefit /FTX/. I had imagined FTX would use their position for an Easy Exit Scam, but what Actually happened was on another level I Couldn't have Predicted.
Does anyone go to jail for fraudulent behavior, or do we all have to consider these meltdowns as part of the game? That doesn't sound very sustainable. Today you have money, tomorrow you don't.
Who else laughed when mathew said it was karma what happened to sbf for saying bitcoin will never be a payment network in his monotone calm voiceπππ
In light of this, do you have a recommendation for what exchange(s) to use?
Shitcoiners on Reddit are βconfused.β
Is stealing your customers deposits part of effective altruism?
Another amazing video Matt!! Thank you. Hey at least this let us BTC lovers snag some up at a lower amount π
Bitcoin is going back to prepandemic levels.
Your ability is to predict the future is outstanding.
You've called them all right Matthew! Congrats and thanks for persuading me to get out!
Hi Matt.
I saw a video from a source I respect (like you) saying that the Lightning network and Blockstream is financially backed by AXA Insurance and the Digital Currency Group who have ties to the World Bank and MasterCard β¦ implying that the Lightning Network is already captured. Can you comment on this in regard to whether it is true or compromises Bitcoin at the base level ?
FTX looks like a totally screwed situation. Its just the tip of the iceberg. Sell what every you can, and get your money out. Totally unregulated.
Great information and perspective on crypto. Let's hope all these scammers get flushed out.
If you hold crypto….. the clock ticks before you lose your money. Especially now that the crypto creators are close to completing 'testing' and introducing their long planned .central bank….. crypto'.
You've been told.
Stay humble and stack sats (bitcoin). If you're a bitcoiner, you don't need any of these mega shitcoin exchanges. There's non-KYC, p2p exchanges, like Robosats (which is lightning native), Bisq, Peach, hodlhodl, and others. There are tutorial videos on YT on how to use them. If you're not familiar with them, rectify this as soon as possible.
As i caught your vid late, Binance already announced is baking up from FTX deal…
Sam Bankman-Fried = Sam Bankman-Fraud π
Well thanks to these crypto scammers I managed to get 0.1 BTC to add to my hodl at a good price so thanks again oh and it safely in my custardy. π