Follow Up Video (The Man Who Predicted The FTX Trouble)
The prediction video from 12 Days Ago.
At this point we have hit new BTC lows but I think the fallout from this could get really nasty especially in the Altcoin market.
I expect additional capitulation moves over the next year or so. If this takes BTC under 15K then that could certainly be a good entry point.
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I agree with you, I withdrawn all my coins from BINANCE more than 1 year ago and recommend everybody to do so
Better to be safe than sorry.
nooo i hope btc dont go under 15k... that will mean a hive price of unders 30 cents... that's not good for income
lol if it breaks below 17k 13.8k looks like the next big resistance level I say bring it on
It won't be fun, that is for sure.
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Lol scam bank man got played like a sucker CZ is a seasoned pro in this game, FTX got too big too quickly on a cheap money and made the classic mistake of conflating a bull market with genius and got rekt
I wonder what happens to FTX companies that they planned to bail out like BlockFi
Seems like the interest rate hikes aren’t allowing anyone to bail these suckers out and they all scrambling to dump to cover their arses
Won’t be surprised if cryptodotcom calls it quits next, they all thought they could use mark to market accounting to sure up their balance sheets and that looks great when you’re in a bull market but when trading is down 90% which you really on to scheme fees to hold up your marked up assets you’re in the shitter
FTX got quite big in the US and pretty sure they have high profile people that aren’t going to be happy and run to Garry Gensler and the SEC
Also saw one equity holder was an Ontario based pension what a bunch of clowns! Some Quebec pension fund held Celsius equity and got wiped out too
So mu thinking is institutions are getting burned like this, you can believe they’re going to run to regulators to try and save them from themselves
Nature is healing I say let the market correct and let the bitcoin flow to the plebs who actually saved money and are ready to buy up discounted Sats
I feel like they will back out of bailing all those other companies out. People who got their funds stuck on those platforms are living a nightmare. It could be years until they see anything from it if ever.
Scam Bank Man went from poster child to clown status with the rest of the guys getting flushed out. Brutal stuff and it is hard to know how low we go. The fallout isn't over. We have no clue how many of these companies are insolvent.