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Goodbye FTX (www.moonofalabama.org)

submitted 2 years ago by luchuan@lemmygrad.ml to c/crypto@lemmy.ml

2 comments fedilink hide all child comments

As the price of BTC and related "assets" falls, these scams face liquidity crunches that crush them, further depressing prices and accelerating other scams' collapse.

My heart goes out to the people though who were sold this crap as an escape from poverty.

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[–] holdengreen@lemmygrad.ml 1 points 2 years ago

some people hurting really bad rn prob

[–] guojing@lemmy.ml 1 points 2 years ago

20% less value is really not a big deal. It can get back up to the previous value very quickly. I started investing in Bitcoin when it was around 200€, so Im still up 80x.

In reality these are just a few scammers who found their victims. It doesnt change anything about the benefits of Bitcoin or Ethereum. With the current discount, its a good time to buy!