He had had a good system at FTX where he was using algo's to wash trade all coins to manipulate price.
DOJ is letting bankman run his ponzi algos again to be able to afford either/all
- the Defense for the trial
- pay back ftx customers like Tom Brady, etc
- save FACE for crypto as they see crypto being synomous with CBDC and this is a PR move
OR this is just some kind of FOMO, short covering. IDK
Alternately, having removed their ponzi bubbles from the market, the price is stabilizing at it's correct higher price.
fuuuuuuuuuuuck. you could be right. i've been adding BITI (short bitcoin etf) all day. perhaps this is the beginning of a new rally
Any other exchanges rumored to be going bust? Another market manipulator crashing is the only way I see it going down.
On that note, I don't buy or sell contracts, as it's just gambling. I HODL long term and that is all.
This is the most recent I saw, https://www.qwant.com/?q=genesis+winklevoss&client=brz-brave&t=web
it's only gambling if you don't spend time learning how the markets works. so yeah, for most it's gambling.
You ever stop buying those shorts?
I did, almost immediately. took only a small loss.
👍
Your underlying premise, that FTX can pay back its customers, is wrong. They can't. It was a classic Ponzi scheme.
not with the wash sale algo's and the funds they had. slowly milk retail to cover the next layer in the ponzi.