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  • The Crypto Financial Crisis

    From apricitas.io

    A commercial bank has two primary functions—to manage consumer deposits and to create credit. The first function is at its core just the simple management and accounting stuff—getting cash from ATMs, managing payments, settling cash transfers, and the like. The second function is the more macroeconomically interesting—you lend to businesses and individuals, in the process creating bank deposits, and profit from a combination of risk and interest margins. You can imagine (and many people already have) a system where these two functions are separated. Companies and/or public sector entities manage bank deposits ... (full story)

Is this the end of Crypto's dream of dominating world currencies?
Lol no just a bad actor who owned a centralized exchange thankfully gone, good riddance
Hmmm. Bitcoin is very bearish down to 14500
Quoting 1hr
Lol no just a bad actor who owned a centralized exchange thankfully gone, good riddance
I think it's a little worse than that, the contagion has spread. I think that a lot of countries may ban Crypto trading, but we'll see
down to 12k.. better to sell now and take pro at 12k level hahhaha
Quoting rover99x
{quote} I think it's a little worse than that, the contagion has spread. I think that a lot of countries may ban Crypto trading, but we'll see
They will not ban. It is the only way for banks to earn 2442564%, from money which people gave them for 2% per year lol
I have alot of thoughts about the current situation... Im upset that in the USA they want to say we cannot trade on certain exchanges but the regulated exchange they funneled people into was a complete fraud and active and giving guidance for making laws. this is a deep story but underlines how real crypto is meant to be decentralized and governed by open source protocols not centralized compromised entities. BTC and Eth will be always free at their core regardless of PRICE and bad actor intentions.
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  • Posted: Nov 11, 2022 1:30pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 7  /  Views: 1,966

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