When I was shit coining i used to hold all the exchange tokens! BNB KCS were my biggest bags. The while listening to the TFTC pod Odell made it clear these tokens can go to zero at any time. Can be frozen at any time. It shook me up and I liquidated everything to BTC and haven’t looked at another exchange token ever again.
I don’t agree with everything Odell says but give him all the credit for saving me with having huge bags of exchange tokens
We're watching Ethereum be captured in real time. So exciting to watch. So depressing knowing so many end users are getting absolutely railed. This statement becomes more true as time goes on. (It gets worse).
When you were holding the exchange tokens, what made you think they were a good idea? What did odell say that convinced you otherwise? I’m always curious about what people think when they get into different tokens
Just to make more fiat dollars. I was thinking if Binance and KuCoin become major players buying this token at $6 dollars today I can 1,000x my money once they become huge. Plus KCS had a roadmap how they were going to create value for the KCS token.
Then Odell was just passionate about how you can lose your money at anytime at no fault of your own. Really made it clear that these tokens can be turned off/frozen at any time and you be out whatever money you put in plus any gains. Just really made me focus on why bitcoin is more than just getting more fiat.
exchanges and tokens are just tradfi, pretending to be something new. at least in tradfi there is more regulation, I still don't understand why everyone is surprised tbnb tokens or other ones are no different. they are loyalty points that you can trade on an exchange. that is all they are. and just like an airline can take away your air miles. these guys can freeze your tokens
Get your Bitcoin off exchanges. Fuck the centralization.
Hold your own Bitcoin, with your own keys.
P2P for selling/buying.
Bitcoin was designed for P2P.
When I was shit coining i used to hold all the exchange tokens! BNB KCS were my biggest bags. The while listening to the TFTC pod Odell made it clear these tokens can go to zero at any time. Can be frozen at any time. It shook me up and I liquidated everything to BTC and haven’t looked at another exchange token ever again.
I don’t agree with everything Odell says but give him all the credit for saving me with having huge bags of exchange tokens
Every altcoin is a scam.
Crypto is winner take all.
Bitcoin won long ago. There are no contenders whatsoever.
there is no second best!
We're watching Ethereum be captured in real time. So exciting to watch. So depressing knowing so many end users are getting absolutely railed. This statement becomes more true as time goes on. (It gets worse).
When you were holding the exchange tokens, what made you think they were a good idea? What did odell say that convinced you otherwise? I’m always curious about what people think when they get into different tokens
Just to make more fiat dollars. I was thinking if Binance and KuCoin become major players buying this token at $6 dollars today I can 1,000x my money once they become huge. Plus KCS had a roadmap how they were going to create value for the KCS token.
Then Odell was just passionate about how you can lose your money at anytime at no fault of your own. Really made it clear that these tokens can be turned off/frozen at any time and you be out whatever money you put in plus any gains. Just really made me focus on why bitcoin is more than just getting more fiat.
Stopping withdrawals brings back bad memories, celsius, we just have to wait what will happen in the next few days
Funny how this is posted by a new user with not even a nym
BTC may be on sale for a few weeks after this implosion. I'm saving up!
Only a fool would use FTX anyways. SBF gives money to Biden and the DNC. Even during these midterms.
He’s a WEF puppet and a Globalist
Couldn't agree more, and I will relish watching his empire crash and burn.
You guys. SBF made his billion on Bitcoin, he is not an enemy compared to other people who made their billion competing with Bitcoin.
Shill!!! Lol jk man
that is not what being a fool looks like, you kinda have to pay those people off once you reach the level SBF is at?
exchanges and tokens are just tradfi, pretending to be something new. at least in tradfi there is more regulation, I still don't understand why everyone is surprised tbnb tokens or other ones are no different. they are loyalty points that you can trade on an exchange. that is all they are. and just like an airline can take away your air miles. these guys can freeze your tokens
Imagine keeping funds in any centralized exchange.. newbs.
Imagine ever putting money on FTX
FTX is liquid shit. Complete basura. Don’t use that exchange. Ever. Do not indorse or encourage bad behavior/bad actors in this space. Or any space.
Get your Bitcoin off exchanges. Fuck the centralization. Hold your own Bitcoin, with your own keys. P2P for selling/buying. Bitcoin was designed for P2P.
And run your own economic full node.
Look at my previous comment. I'm not psychic. There was always something weird and strange about this exchange.
CZ is out for blood.
view on twitter.com"...we won't support people who lobby against other industry players behind their backs"
Oh how I would love this to be true, if Binance Rug pulled FTX< this would be hilarious, the less we have to deal with sam bankman the better
It's only a matter of time between the in-fighting leads to something greater in the "crypto" space.
They'll eat themselves due to the fierce competition and massive amount of dumb money to get
Let them burn just like blockfi