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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (68496)11/10/2022 12:31:32 PM
From: maceng21 Recommendation

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ggersh

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Maverick is asking who is going to bail out Binance when its turn comes?

He seems to be assured that cryptos, including bitcoin, are going to zero.

He has a circle of contacts within the investment / trading community that seems to know this.

That does not jib with other evidence, like the significant investments in time and money the tech and financial businesses that are pouring resources into blockchain technology.

As you can imagine, I am hesitant to bet against the guy because he has been very much on the money up to now.

The situation does have "Tulips" written all over it, but we also have print crazy governments to contend with too.

If they were using fiat back when Tulipmania was happening, we would probably be still using Tulips as currency today.

"That will be two Tulips and a Dandylion please"

"Yeah, OK but how much is that in daisies? It's all I got" -g-

Here is Do Kwon's putting in his view of the FTX blow up.

"FTX is liquidated". Only up.

youtu.be

He said that when he was running things, each 15 minute segment of the day was allocated in his diary. Fact is I guess, in that situation there will be a lot of operator type doods and doodesses manoeuvring to make big dough. That could be a problem, especially when shtf situations occur.

It was pointed out earlier in the broadcast that running an exchange should not be a problem. It just basically makes money. There is genuine curiosity how the likes of FTX can blow itself up. Its near impossible for any normal business method to do that.
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