FTX

cooltone

Nope it is around the bottom now, assuming there isn't an FTX-like event.

Django_McFly

> Pretty much all CEXs only accept inbound tokens on Ethereum. This is for everyone to note - always always check your CEX before hitting send. This hasn't been true since like 2020. Coinbase, Binance, Kraken, Gemini, FTX (which died for years ago, showing how common of a practice it's been for a while now), MEXC... I think I just named like the top 5 exchanges on Earth. All of them support this.

BruceAENZ

People will always try to predict the absolute bottom, and regret it either because they got nothing or they feel they ‘paid too much’. I suspect most are smarter and will mix it up and try to buy the bottom whilst still buying at higher levels just in case. Everyone’s situation is different so I’m certainly not going to bash someone for believing they can buy in at 50k or 40k. I think they are wrong, but I thought BTC was going to 100k before FTX imploded … Although I would say from my own experience, long term paying ‘too much’ is better than the regret of not getting anything.

Newbie123plzhelp

Sure but those people were idiots like Gareth Soloway. At the point that FTX crashed it should have been obvious we reached true capitulation.

BlazeDemBeatz

I started and got interested in investing when the housing market crashed in 2008. I’d say discipline is earned with time. I remember being impatient. By the time I got into crypto I had it all out of my system. Last cycle when FTX crashed and BTC went back down to like 15k I was buying everything I could afford to lose. I was in the red like most others were. Upped my DCA, Held and didn’t touch. When we cracked a new ATH I quit buying. When we hit 100k plus I started DCA out. Bought a second home. Bought 2 new cars. Last year was a really good year. Now prices are back down, fear and greed it at the bottom. Hope to repeat the process.

Tebasaki

Except he gets paid in FTX coin.

EmuFlaky2922

I had barely any money on there. I recognized that any company offering those APRs were not going to last… I’m Coinbase all the way. Considering STRC soon. They’re (coin) not the best for trading but v secure. When trading or buying, def advise using the advanced feature or subscribing to their pro during bull market. I never think of FTX or Celsius as CeFi but yea I guess they were for sure. Shady af. I’m sure coin is too but publicly traded- they’re as good (safe bet, solvent, backed by US) as Morgan Chase if you ask me.. or as naughty 😈

Ok_Location_1092

Bear market is when they have the highest bankruptcy risk. If you were around for the last bear market, blockfi, Celsius, FTX, and probably others went under and anyone with funds on them got fucked

Ash_Skiller

the real question isn't whether Binance *could* go under, it's whether you'd even know in time to get your funds out if things started going sideways. That's what made FTX so brutal for most people, they had no warning and withdrawals got frozen overnight. Proof of reserves helps but it's not foolproof. It shows what they hold at a specific moment, not whether they're gambling with user funds behind teh scenes or have other liabilities we can't see. The core issue is that once your crypto sits on any centralized exchange, you're trusting them completely with custody, and that trust can evaporate fast regardless of how big they are. I get that not everyone wants to deal with pure DeFi interfaces, but there are middle ground options now that let you keep control of your keys while still getting decent trading features. I've heard great things about Dexari for this exact concern, it's a self-custodial setup so your funds never leave your control, but you still get proper leverage trading and fast execution like you'd expect from a centralized platform. Worth looking into if exchange risk is something that keeps you up at night.

ThisIsNotDre

So you're argument is that the trend isn't coincidental, Mt Gox, Bit connect, Luna and FTX, etc are all just things that coincidentally happened before the "natural" dip in the market happened and they actually barely played a factor because it would have dipped anyway?

mandressta

A man can only hope.. That brings me back to the FTX collapse times and all others companies that went under last time around. I've never been more psyched to buy btc than then

Professional-Doubt14

Disgraceful lawfare against a broke addict with no hope of repaying. Not surprising that low down shameless paid FTX shill Kevin O Leary would do this. Shouldn’t be possible for O Leary to claim reputational and emotional damages when his reputation is already in the gutter and he is a reptilian with no capacity to feel human emotions.

BaldGuyAce

The difference this time is that there isn’t any major problem that’s causing this correction/crash. In the past 4-year cycles, there was always some big issue that’s caused the bear market, like FTX going bust, or things like that. This time people are simply selling cause they don’t believe bitcoin is worth investing in, or they believe there’s better investments out there. I’m still holding, but this should concern people. It’s not just “oh this always happens every 4 years, it’s all good”

Dettol-tasting-menu

Mt. Gox FTX QuadrigaCX Cryptopia Celsius BlockFi Voyager Genesis It’s not just FTX or Binance. Any exchange can simply declare withdrawal freeze when you wake up. Hodl your own coin please 🙏

KCConnor

Used to be, it would drop to the previous bull cycle's high. FTX changed that dramatically. I expect this cycle to drop to about $43K, +/- about $8K.

Alarming-Jello-5846

Alameda was borrowing down Genesis bro. When they pulled the plug that’s when they decided to use FTX client funds to fill the gap. They collapsed literally 3 months after Genesis pulled funding..

MariachiArchery

This is a terrible comparison. Coinbase has *reserves* dude. *Billions* of dollars, BTC, ETH, USDC... whatever, in *reserve.* Like, they have it, in their custody. FTX didn't invest, they stole. They didn't have reserves.

phincster

Did FTX have 11.3 billion dollar cash reserve? Cause coinbase does.

ApprehensiveSorbet76

FTX losses were from their crypto investment portfolio. Remember all the funds they lent to Alameda Research? Those funds came from customer deposits which came back to bite them when Alameda collapsed. Why do exchanges have crypto investment portfolios? Shouldn’t they focus on their core business of operating an exchange? Whose money are they investing?

HenFruitEater

Considering most crypto got smoked with FTX, this just isn’t true unless they had pure bitcoin or other mainstream coins. Even then in the last 5 years it woulda have been better just to do Sp500.

stonkautist69

-Celsius Network — froze: June 2022 → bankruptcy filed: July 2022 -Voyager Digital — froze: July 2022 → bankruptcy filed: July 2022 -BlockFi — froze: November 2022 → bankruptcy filed: November 2022 -Genesis Global Capital — froze: November 2022 → bankruptcy filed: January 2023 -FTX — froze: November 2022 → bankruptcy filed: November 2022

RUYYRUYY

>> after FTX theres zero excuse to keep anything significant on an exchange After Mt Gox....

baIIern

I can tell you how they distributed more BTC than they actually have: Bitcoin on exchanges are nothing but numbers in a database. Otherwise an exchange or the users would pay a lot of transaction fees. Trades aren't always settled on the blockchain. There's no need to as long as you keep enough coins for people to withdraw. That's why FTX blew up and couldn't handle withdrawals from a certain point. SBF and his weasel gave away all that money

shelby_xx88xx

In finance, there is no such thing as a free lunch. The extra 5% or 8% you earn is a risk premium. You are being paid more because you are taking on risks that don't exist in a bank: 1. De-pegging Risk: A stablecoin is only "stable" as long as people believe it's worth $1. If the underlying reserves (cash, treasuries, or other crypto) are questioned, the value can drop to $0.90 or even zero. 2. No "Lender of Last Resort": If a bank runs out of money, the government steps in. If a stablecoin platform (like the now-defunct Celsius or FTX) runs out of money, there is no one to bail you out. 3. Technical Risk: Since these systems run on code, a single bug in a smart contract can result in all funds being drained by a hacker in seconds. Comments 1. stables backed by US Treasuries, so the risk is US Treasuries collapse, which by the way are used to calculate the risk free rate….weak argument 2. providing access with FED accounts, same as banks solves this one 3. this is a risk with essentially anything digital….what if your bank was hacked, what if your email was hacked, what if your Dr. Office was hacked and they steal your medical data… None of these are good reasons The banks best argument is deposits will flee the banks and they won’t have the reserves to make the same amount of loans without higher APR. Competition solves this…they will figure it out. Now, they are fighting tooth and nail to keep their gravy train flowing. Innovation is what we need….not protecting the old guard.

GPThought

not your keys not your coins isnt just a meme anymore. after FTX theres zero excuse to keep anything significant on an exchange

Physical_Ad_5609

I did that too and then had the brilliant idea of using FTX 😭 ffs

KateR_H0l1day

I bought my first BTC at ~$44K, but it wasn’t my first crypto, I started mining HNT, which is what got me into crypto. Because I needed a wallet for my HNT, and eventually a way to sell, after research I selected CDC, and because of that, my second crypto I was buying, was CRO. Now my HNT Is in the toilet, but it’s mostly free due to mining (management just sucks), but I am well into the green with my CRO, even at these low prices! I’d high hopes for DOT & KSM, Yowzer, how wrong can you be, but I started buying SOL after the FTX crash, my average pice is ~$28.50, so obviously green there. I added to my BTC, am still green there and added more today, patience and a long term outlook is key in this game we’re all playing. The obvious 🙄 thing is; that it’s critical at what price you buy and average too, and the more blood in the streets, the more likely you are to end up with good profits. Just IMO of course 🤷‍♀️

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Post is by: AlexWasTakenWasTaken and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/1r1sfe9/dynamic_dca_returned_me_170_vs_70_for_normal_dca/ About two years ago, I wrote [A Practical Guide to Dynamic DCA + Risk Metric Tier List](https://www.reddit.com/r/CryptoCurrency/comments/1am42ts/a_practical_guide_to_dynamic_dca_risk_metric_tier/) on here. With the current drawdown and all the "how should I DCA, what's your strategy?" posts popping up, I wanted to follow up with what actually happened since then. **What's the strategy?** Dynamic DCA is about adjusting your investment based on current market conditions. You use a risk metric to figure out whether the market is overbought or oversold, then invest more when risk is low and invest less (or nothing, or sell) when risk is high. From my original post: >"Dynamic DCA isn't about timing the market perfectly. It's about making informed decisions based on market conditions." The longer explanation is in that post if you want to deep-dive. I linked several risk metrics one could use to define buy/sell amounts. **My results** I've been running a moderate strategy since 2022. Over 4 years, it returned about 170% in profit. Normal DCA over the same period? Around 70%. Same dollar amount going in, but I ended up with significantly more BTC because I was buying heavier when prices were low and pulling back when they were high. **The part nobody talks about** The results sound clean in hindsight. Living through it was a different story. Late 2022. FTX had just imploded. Sentiment was in the gutter. Every headline said crypto was done. And my strategy was telling me to buy *more*. I remember staring at the screen thinking "this is the time the model is just wrong." I didn't override it. But I'd be lying if I said it was easy. That's the real edge of this approach. Not the math. Whether you can actually follow your own rules when your gut is screaming at you to stop. Having the thresholds set in advance is what saved me. I didn't have to make a decision in the moment. I just had to not *undo* the decision I'd already made. My strategy is telling me to buy more right now, too. Feels just as uncomfortable. **Risk metrics: what's still working** My original post had a tier list. Most of it still holds up: * Benjamin Cowen's indicator is still solid if you're willing to pay for it but it's very expensive * Fear and Greed Index is more of a sentiment gauge. I wouldn't build a DCA strategy around it alone, but it's useful context. * I personally use AlphaSquared because I like the features. That said, the principle works regardless of which metric you pick. **The actual takeaway** You don't need a perfect risk metric. You need one that's roughly right and that you'll actually stick to. I didn't touch my strategy once it was set. Pick a metric. Set your thresholds. Commit for a full cycle. The hard part is trusting the system when your gut tells you to do the opposite. **Curious:** What risk metrics are others here actually using for DCA? And has anyone else stuck with the same strategy through a full cycle without tweaking it? That discipline piece has been the real test for me. Would love to hear how others handle it. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

7ivor

Not always. See FTX's bitcoin balance vs IOUs outstanding at the time of their collapse.

KiNg-MaK3R

I mean, honestly most avg people are holding half a bitcoin or less. The guys holding hundreds of coins are long gone. Many people gave up their coins in the FTX crash and never came back. People that are holding forever are fewer than you think.

coinfeeds-bot

tldr; Sam Bankman-Fried, the convicted founder of FTX, has requested a new trial under Rule 33 of the Federal Rules of Criminal Procedure, citing potential new evidence. This comes after firing his appellate lawyer and representing himself. Bankman-Fried was convicted over two years ago on fraud and conspiracy charges related to the collapse of FTX and misappropriation of $10 billion in customer funds. He has also claimed bias in his conviction and has been vocal about alleged political motivations behind his case. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

BroScience2025

I really don't see how the man has a legal leg to stand on here, and the article itself is rather vague on any legal justification either. The paper trail connecting looted FTX customer funds and Alameda is clear cut and unambiguous, and by his own actions and the sworn testimony of his co-conspirators, SBF willfully participated in and orchestrated it. What is really shocking is that they were allowed so much leverage for so damn long without anyone raising anyone's suspicions. Or anyone that mattered anyway. And there were plenty of suspicions out there all along, but only on places like Crypto Twitter or Telegram, whereas FTX's whole spheral was to appeal to soccer mom's and joe blows, not seasoned DeFi vets who are suspicious of everything by nature. Just a reminder of how truly awful of a year 2022 was. We had just endured the Terra/Luna collapse only months prior, and then to get served up the FTX disaster for a second course? Yeah, not gonna lie, it made me seriously question what in the fuck I was even doing in the space. Had my risk tolerance grown so hardened that I was distorting reality?

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Post is by: byteCodr and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1r1bk9k/coinbases_super_bowl_ad_got_booed_but_they_were/ A few days ago, Coinbase dropped $16M on a Super Bowl ad, and the internet still can't decide if it was genius or cringe. Their play was 60 seconds of Backstreet Boys karaoke, no QR code and no CTA, only "Crypto. For Everybody." at the end. The reaction? A room full of people singing along, then erupting in boos when the Coinbase logo appeared (at least from a viral TikTok video). But here's what I think people are missing: Crypto is still polarizing because most people don't understand what it actually does for them. The "utility" conversation hasn't been won yet. For a lot of people, their only exposure to crypto is headlines about scams, crashes, or high-level marketing. Yet every cycle, more people come in: * 30% of American adults now own crypto, up from 27% in 2024 (Security dotorg) * 562 million global users, up 33% from 2023 (Triple-A) * Asian-Pacific grew 69% year over year in on-chain activity (Chainalysis 2025 Global Adoption Index) * Half of American Gen Z and Millennials have owned crypto at some point (Gemini 2025 State of Crypto) Why? Because every cycle, the tech gets easier. On-ramps improve. Use cases get more tangible. Think about 2022. FTX, Crypto dot com, and half a dozen other companies ran Super Bowl ads. Most of them are gone now. FTX collapsed and executives went to prison. 2026? Coinbase is the only one left standing. Whether you loved the ad or hated it, that's the real story. The survivors are the ones who kept building. Same pattern as the dot com bubble. Amazon and Google made it through. Pets dot com didn't. Curious what this sub thinks. Was the ad a miss, or does it matter less than the fact that they're still here and still swinging? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

LMskouta

I think the downside (think Binance and FTX fiascos) FAR outweigh the perceived benefits. What OP is suggesting is nothing new, not your keys not your wallet.

Kramrod33

That can all easily be fabricated and what exactly is the maintenance for? What units do they have and at what data centers ? Where are they located? Why do these machines require so much maintenance when they are literally plug and play. After a very long time a fan could go out but trust me no data center is cleaning hashboards on thousands of machines . They wait till they break or have to fix a hashboard. You do remember what happen with FTX right; just because they sponsor things does not mean anything. You seem pretty defensive and I don’t think you want to face the reality of what’s really happening behind the scenes.

myafrosheen92

Did you not hear about FTX?

Blade_Runner_69

I know it was insane, I don't know which crash was worse, the FTX one or the one we just had, that was insanity too 😅

harvested

Just need equivalent of Luna, 3AC, FTX etc, and a rapid rate hiking cycle.

Stray14

It absolutely is. We’re 1/2 way through second leg drive. It’ll stall around the 50 -45k are have a little bounce… bear flag and then crunk down to 32k. Thats if Macro / world doesn’t walk off a cliff. Which looks possible. No jokes a perfect storm could take this dip into FTX lows.

TheBigLR901

You need to do some research. He created a crypto, assigned his own made up value to it, got banks to loan him a bunch of money for the fake value. Bitcoin was not involved. The fuked up media associated FTX with bitcoin. FTX was also a money laundering scheme for a bunch of crooked politicians. Ive forgoton more than you will ever understand. You got the fuking knowledge of the world at your fingertips and ur still stupid.

TheBigLR901

They didn't manipulate bitcoin. Where you get that? FTX was its own crypto

TheBigLR901

FTX had nothing to do with Bitcoin.

Stray14

No we’re near. Completion of the 2nd drive takes us into 45k region. 3rd drive 32k (if Macro Global conditions turn down. Who knowsss. Maybe lows of FTX are on the cards.) name of the game: SURVIVE!

dj_destroyer

People said the exact same thing about FTX, Clesius, Terra/Luna, 3AC, BlockFi, etc. and how the price would never go back up after their demises. Now people say it about the institutions/reserve companies, and eventually they will say it about state actors/countries. The thing is that every time something negative happens, it shakes out the weak hands but we still keep more people in than before. The network has never stopped growing. More hash rate now than ever, more Bitcoin holders now than ever.

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Post is by: Zestyclose_Sort1883 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1r0ab9w/watching_btc_break_through_every_ma_on_the_chart/ Ouch. Watching the chart right now is brutal. As of this post, we’re sitting around $64.8k down almost 9% in an hour. The thing that stings isn’t just the number it’s seeing it slice through the MA7, MA25, and even the MA99 like they’re not even there. That’s not a dip; that’s a full breakdown. We’ve all read the macro script: high rates, less easy money, and a “risk-off” mood. But seeing it live is different. The money has to go somewhere, and right now, it looks like it’s sprinting into gold and silver, not digital gold. The old-school shiny stuff is hitting new highs while we’re watching supports break. It’s the ultimate “narrative test,” and for now, the narrative is safety, not speculation. Is this just the final flush of leverage? A delayed reaction to all the post-FTX distrust and miner stress? Or are we officially in a new phase where even crypto natives are quietly swapping some bags for physical metal? So, what’s the read? \- Is this a liquidity crunch where everything gets sold, and BTC is just the most liquid crypto casualty? \- Are you using gold/silver as a hedge right now, or are you all-in on waiting for the crypto pivot? \- With the MA99 broken, what’s the next real support level everyone is watching? Not looking for hopium or doom just realistic takes from people who aren’t just staring at the chart, but actually trying to make sense of it. Disclaimer: This is observation and discussion, not financial advice. I am long pain and short sanity at the moment. Trade safe. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

ReliantToker

Mt Gox and FTX PTSD

jbergas

Dawg, go back to the 2022 FTX crash, try to imagine the negativity surrounding that absolute scam…. This time there is no scam

Ill-Bank-2180

Most of mine is , close to 1 bitcoin . I bought it after the FTX crash . People were saying it was going to zero extreme fear everywhere . That’s when you buy . But I missed selling the top . My target was 135 k . Oh well you have a plan and you stick with it . Maybe I’ll thank myself next bull top .

soks86

It never was Bitcoin itself though. Mt. Gox, FTX, frozen withdrawals, that's all external to Bitcoin itself.

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Post is by: Formal_Meaning8389 and the url/text [ ](https://goo.gl/GP6ppk)is: https://open.substack.com/pub/thefutureofmoney/p/the-decoupling-cryptos-first-unscheduled?utm_campaign=post-expanded-share&utm_medium=web What happens when institutional plumbing works perfectly — and prices collapse anyway? In past crashes, Bitcoin fell *because* something broke (Mt. Gox, FTX, frozen withdrawals). This time, price fell but nothing broke. Does that mean the real risk has moved from exchanges to leverage and liquidity around Bitcoin? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Year_of_the_Dragon

Keep in mind how the US government sees Bitcoin as well…. They view it as property… on their balance sheets and for tax purposes.. the best part for them…. They can accumulate just by seizing it, for now . Though there is speculation they are actively buying it as well with the new reserves act. To think the two largest governments are naive and just a holding point for bitcoin is a step I find comical. They know exactly what they are doing. They are trying to hedge it and control it to the best of their abilities. Both governments can single handily stop any bull run at any time. If they needed to. And they create false scarcity by holding. I don’t think there’s anything wrong with any of it. I still think on paper Bitcoin is as perfect as it can be. It still creates large pockets in between for growth and large dips for buying opportunities that will always be there. But Bitcoin isn’t going to 0. No chance. I’m not sure there can be a bigger scandal than FTX. And look at the bottom then. So the new bottom has to be higher than that or close to double that. Which there would be so many call sheets to buy it would go on a bull run. I’m at the point I believe misinformation and scandals get released on purpose to create buying opportunities for the upper echelons now. Bitcoin reacts eerily similar to the creation of the stock market. And we all know how that reacted in the 1930’s. Just like Bitcoin. And every drop thereafter was not as bad , but still painful. Yet the stock market still goes and in theory perfect on paper in a mechanical way. Yet bad players always trying to take advantage of it.

HomelessInASuit

For what he did to FTX? You’re just going to ignore the fact that he was under international securities fraud for years until he bribed Trump? CZ isn’t the guy you seem to think he is. Binance is just another exchange and at the end of the day I don’t know how many times we need to tell you. “Not your keys, not your coins.”

Romanizer

Yes, the FTX collapse pushed the lower boundary down a bit. The upper, lower bound and fair price are just multiples of the middle band, IIRC. I think it follow the methodology of bitcoinfairprice.com.

Ornery-Aerie-940

If you're looking for volume and performance but want to avoid the counterparty risk of another FTX, check out Hyperliquid. It's matching CEX speeds now but fully self-custodial. A lot of the big on-chain volume is migrating there. https://app.hyperliquid.xyz/join/BITWHISPER

Formal_Meaning8389

Fair. Think of it like this: Bitcoin’s price dumped, but none of the machinery around it failed. No Mt. Gox, no FTX, no frozen withdrawals. Blocks kept coming, ETFs cleared, custody worked. The weakness wasn’t Bitcoin itself — it was leverage and liquidity *around* it. When people had to sell, bids vanished faster than systems broke. That’s different from past crashes, where prices fell *because* infrastructure failed.

Hungry_Mission_3933

MSTR is nothing like FTX. MSTR holds verifiable BTC on the block chain and it is held in self-custody by major institutions. FTX held paper BTC "IOU's", and used customer funds as leverage. FTX collapsed because their assets didn't exist. MSTR price fluctuates because BTC is a volatile asset with a history of major swings to both the upside and downside.

ChuckNorrisFacePunch

Coinbase has 90x the users of FTX when it folded.

Der_Saian

Celsius, FTX, Gemini,

Guilty-Log6739

Dude, FTX was 4 years ago. That’s not ancient history. Stop with this bullshit. You are not advocating for people’s best interest.

GreenStretch

The wallets and exchanges earlier people started with are now called trash in all the crypto spaces. Some really were, like Mt. Gox or FTX. Don't use Gemini! Use Strike! Use River! Are the new ones better or have their flaws just not been exposed yet? Normies are going to do what Brian Harrington and British HODL advise, whether they watch youtubers like that and buy the bitcoin through Blackrock or Fidelity.

6thcoin

FTX only held .1% of the btc that was deposited. NOT YOUR KEYS NOT YOUR CHEESE.

JeremyLinForever

Okay Brian Armstrong. Get out of here with your non self-sovereign crap. Nobody wants to put money into a spot Bitcoin ETF that has an expense ratio, and OP forgot about FTX and exchange collapses because he probably joined in 2025 and doesn’t know anything.

Knight925

Welll .... no! It is really not that hard to set up a hardware wallet and 24 words. Are some people too incompetent to do this? Yes. But setting up a ledger can literally be done in 5-10 Minutes. There have been many Exchanges that lost customer money. FTX was one of the biggest and well known exchanges .... and I had an account there .... and it still failed.... I don't really use test transactions. You can check all letters before you send. Not that complicated. The only need for test transactions is exchanges, because they force you to do Satoshi Tests and you never know, if they will really ratify your incoming transaction. When sending your Bitcoin to a private adress it is way easier. You send it and after 6 blocks it's just there and can be used again. No GUI, no regulation, no oversight ... it's just there Good look with having an exchange still be there in 20 years. I would bet against it with that time frame I think. There is none of the exchanges left that were relevant 10 years ago. I agree with Grandmas who cannot use computers though. At some point the risk of user error overshadows the risk of exchanges. But that is certainly not the case for middle aged ppl used to computers. There is no anxiety with hardware wallets. Just the opposite. You could literally burrow your seed into the ground for 15 years and all your assets will still be there

Puzzleheaded-Nose329

Bringing up Mt. Gox and FTX in 2026 is like saying you’ll never fly a plane because of the Wright brothers' crashes. Those failures are EXACTLY why top-tier exchanges today are safer. They paved the way for Proof of Reserves, multi-billion dollar insurance funds (like SAFU or Bybit’s Protection Fund), and strict regulation that didn’t exist back then. You say 'Not your keys, not your coins' like it’s a magic spell. But tell me: how many people lost everything because they misplaced a piece of paper or got phished on a 'secure' cold wallet? The stats show that **user error** is a much bigger threat to retail than modern exchange security. And about my profile—yeah, I look for the best deals and tools. That’s called being a smart trader, not a 'shill.' I’d rather have 24/7 security and a $1,000 bonus than feel morally superior while my 0.1 BTC sits on a plastic stick doing nothing. Keep your keys if you want to be your own bank manager, IT department, and security guard. I’ll stick to the pros and focus on actual gains.

ShinAlastor

It looks like you are shilling a notorious exchange judging by your profile. Not your keys, not your coins. Explain your nonsense to the people who lost their funds using Mt Gox, Celsius or FTX.

kitbiggz

We are in a bear market year for Bitcoin. Don't be fooled. Go back and study the Nov 2021 top last cycle. We didn't bottom til December 2022. The FTX crash probably made the bear market longer. No that everything is more organized and No more wildcard like Sam Bankman fried. This bear market could over pretty fast. Maybe summertime

justignoremeplsthx

Uh- 1 million users lost the ability to withdraw their funds from the FTX collapse. 24,000 folks lost their bitcoin in the Mt. Gox hack. QuadrigaCX platform- $190 million became inaccessible. Celsius was 1.7 million users and 4-5 Billion dollars. Voyager- 3.5 million users (I was one of them) with some alt coins not in cold storage. BlockFi, hundreds of thousands of users in 2022. Sorry, but these just don't compare to users losing their seed words. Not your keys, not your coins.

Stray14

MSTR will cause the market wash out / cascade event that will signal the end of the bear market. MSTR is the FTX of this run.

CryptigoVespucci

yeah everyone seems to be vaguely saying, "someone blew up," but so far there's no Mt. Gox, FTX style body floating anywhere that anyone can see. Maybe some funds in Hong Kong, but nothing major it appears.

Swanky_Gear_Snob

Institutional crypto has turned into a machine that extracts value from retail. Spot ETFs like BlackRock IBIT and Fidelity FBTC, CME futures, options, perpetual swaps and structured products let funds profit from volatility, crashes and liquidations through shorts, leverage and basis trades. Price is driven by derivatives desks and macro flows, not real usage. A small group of custodians and institutions hold huge portions of supply, while paper Bitcoin and rehypothecation dilute the scarcity narrative. We have already seen how this ends for retail with FTX, Celsius, BlockFi, Terra and countless liquidation cascades. People lose everything while funds collect fees and trading profits either way. The tech side is not immune either. AI is accelerating exploit discovery and protocol attacks. Quantum computing is a real long term risk to current cryptography and signatures. If large scale quantum becomes practical, much of today’s blockchain security model is compromised. The reality is decentralization is shrinking, financialization is total, and the security assumptions are not permanent. Crypto is increasingly just another Wall Street asset class where retail takes the risk and institutions extract the value.

laxpanther

The bear market was the cause of FTX collapse. They probably could have kept up with all that illegal shit (for a while anyway) if the price didn't fall. Basically the same thing that did Madoff in.

cooltone

Bitcoin is complicated. There are multiple influences on the price. The comments on this sub are like the proverb of the Blind Men and the Elephant, each provides sage advice based their perspective, some just want to crash the price for gain and others for resentment. Bitcoin is a network that has value. Metcalf's law historically has been used to value networks, similarly Power-Laws are used to describe network growth (See Geoffrey West's Ted talk that precedes the bitcoin network.) From my blind man perspective, once someone does the research and gain confidence they rarely stop being a bitcoin convert. Which means the adoption of bitcoin will grow slowly, then rapidly - this underlying behaviour has been tracked and it is following a Power-Law. All the other influences sit on top of this Power-Law, they come and go, and from time to time the price relaxes back to the Power-Law - which is what is happening now. The Power-Law is why DCA works over the long term. Even if you buy at a point above the Power-Law price, eventually the Power-Law price will catch up and take you higher. Of course it is best if you can buy close to the Power-Law price. The Halving is a well known influence. The block reward halves roughly every four years, which reduces supply. The impact is cumulative and is felt ~530 days after the halving producing a price peak, after this the price relaxes back to the Power-Law. How high the peak is and how fast the relax is depends on the prevailing conditions which are very difficult to predict. This time around I believe the peak was low as speculator looked to other assets. The low peak meant there was no sustain in the peak so the relaxation was fast. Using the Power-Law it my estimate for the absolute lowest price is $52k - and it might take an FTX event to do this. Without an extreme event a $60 low would be a more likely scenario.

user_name_checks_out

FTX absorbed millions of dollars that would otherwise have gone into bitcoin.

Citizen_Kano

FTX didn't happen until November 2022, we were already well into a bear market before that

Shaykh_Hadi

Markets go in cycles. There’s never a straight up forever for an asset. Bitcoin will recover and go to all time highs. Bitcoin would have crashed in 2021 even without FTX. It would have been different, maybe less severe and the bull market might have lasted longer but it still would have happened.

NOneHOne

Exactly. Nobody stops DCA'ing just because the price is dropping. That would kind of defeat the purpose. And it's only gambling if you can't afford to lose it and/or you don't believe in it. Most of are certain that the cycle will continue. Really glad that I kept buying during and through the whole FTX meltdown. Gotta love panic selling though. Buy high, sell low!

loseineverything

No. FTX was shady. They had been loaning customer deposits to Alameda Research. Alameda lost a shitload when crypto crashed in 2022. FTX didn’t have enough funds to honor customers withdraws. Sam Bankman had been lobbying against Binance and when the crash happened. The CEO definitely played a role but if FTX wasn’t lending customer deposits it would’ve been fine.

maltokyo

I am a Nigerian Prince, and I specialize in investing in crypto exchange startups! Finally, a project with a solid whitepaper and a clear roadmap. "I’m collecting Bitcoin" is honestly the most transparent business model I’ve seen since FTX. It’s refreshing to see someone skip the technical jargon and get straight to the "give me money" phase of the rug pull. Tell you what, I actually have $45 million in unclaimed inheritance currently stuck in a cold wallet because I lost my seed phrase in a tragic boating accident. If you can send me just 0.25 BTC to cover the "blockchain transaction verification fee," I will personally fund your entire exchange. We can call it **RoyalRugSwap**. I’ll even let you be the CEO while I handle the liquidity management from my palace in Lagos. Just DM me your private keys and your mother’s maiden name so I can start the wire transfer. To the moon, brother!

SouthJazz1010

It's a lie “FTX, FTX US, and Alameda Research together still held $3.4 billion in crypto assets.” ($5 billion in assets in total.) FTX were crooks, just like Binance. But let's put my point in plain English: FTX was a smaller exchange with fewer reserves and fewer creditors, while Binance is a bigger exchange with larger reserves and more creditors. So having larger reserves doesn't necessarily help when enough creditors come knocking. https://coinmarketcap.com/academy/article/will-ftx-dump-its-crypto-holdings https://www.cnbc.com/2023/01/11/ftx-has-recovered-5-billion-worth-of-liquid-assets-lawyers-say-bankman-fried-crypto.html

Keyosu

Did you say this during FTX and them stay quiet as it went to 100k? I'm curious.

moonkingdome

Yep.. Cycle 1 Low: January 14, 2015 Bitcoin bottomed at approximately $152 - $200. This occurred roughly 410 days after the November 2013 peak and about 542 days before the July 2016 halving. Cycle 2 Low: December 15, 2018 The price hit a cycle low of approximately $3,122. This was 363 days after the December 2017 all-time high and occurred roughly 512 days before the May 2020 halving. Cycle 3 Low: November 21, 2022 Following the collapse of the FTX exchange, Bitcoin fell to a low of approximately $15,476. This bottom occurred 376 days after the November 2021 peak and 515 days before the April 2024 halving. Cycle 4 (Current): ???? 650+ days already in..

SouthJazz1010

FTX’s creditor list is likely an order of magnitude smaller than Binance’s. Do you know how proportions work.

SouthJazz1010

I bet you would have said the same thing about FTX in 2021. >B̶i̶n̶a̶n̶c̶e̶ FTX has cold wallets fat enough they can easily slowly sell for years without going insolvent. Its like saying the qatar and saudi oil cartel will go insolvent. Its a comedy fabricated by stupid zoomers with total lack of economic knowledge.

Presidente83

Interesting. Is it a choice mainly related to self-custody or also to flexibility compared to more integrated solutions? I ask because I see that many, after FTX, prefer to accept more complexity rather than remain on one platform.

doodaddy64

seems like Binance had a big part in the failure of FTX did it not? turned them in after FTX begged for a loan or something?

BeefonWeck00

listen, im not saying that I disagree. I don't care about XRP at all besides the fact im well positioned to make money. But there were people like you telling me similar things when I was buying Solana during the FTX fiasco left and right when the coin was worth 13 dollars. I genuinely mean this with no offense, but i don't take yours or anyone elses opinions seriously when it comes to crypto on reddit. If anything, comments like these have only been bullish for me.

Presidente83

Fair point. That’s exactly why I’m trying to understand when people are willing to accept platform risk for convenience, and when they’re not. FTX changed that threshold for a lot of users

binglelemon

FTX around & Find Out

Bowlingkopp

I feel you. I was in DefiChain and made about 100k through it, with liquidity mining. Had about 0.75 BTC and the rest mostly in DFI (DefiChain). Then the inflation started to kick in, the FTX breakdown and I don't remember what else, but DFI went from 4.5$ to 0.35$. So my crypto portfolio went down from 130k to 17k, I think. That was a hard time. The could have should have game doesn't help you. My stocks went from 60k to \~30k. Meanwhile I'm at 70k with stocks and crypto, but the latter I sold last autumn. Try to learn from your mistakes and make it better. What I learned is, don't fall in love with an investment and diversify. Base your investment decisions on facts. And if these facts change your decision has to change. If that means sell, then sell. And if you're still in crypto, sell the rest. This is not the end of the bear market. Microstrategy and Saylor are going down and BTC with them. When they are gone, BTC may be able to get up again.

cooltone

Just ignore the bots. They will make an unjustified statement and go silent when you ask for a rational explanation. I doubt the price will go below $53k as well. And to justify that it's to do with the power-law. There is a core power-law trend line that the price has never gone below. Of course it's not impossible, but if it did what would be the justification? The last time the core power-law was touched was after FTX imploded and trashed the price - that was $17k/Jan 2023. Since then the power-law growth is 45%/year. Then 17k x (1.45^3) = $52k. So $53k isn't pulled out of OP's arse.

hoppeeness

People probably said the same about FTX and they were less sketchy than Binance has been.

hoppeeness

That all happened like almost a week ago. What causes a one day drop so dramatic? Most even dollar drop for btc and most % since FTX. I am not saying we wouldn’t have gotten to 60k either way…but in one day? Could be banks shorting or selling to put pressure on crypto for the clarity act.

hoppeeness

I mean it is the biggest % drop since FTX and the biggest dollar drop ever for BTC in a day…sooo it’s not “normal”.

hoppeeness

I guess my point is Binance isn’t exactly trustworthy and was looking for explanations for such a steep drop…like the FTX one.

Blueberry_Dependent

It's exact representation of a person who already survived FTX, Covid crashes. This is just another dump, nothing to panic

RVALover4Life

FTX and COVID yes...less so with Ukraine to me....but the fact we're in such a situation now without an existential crisis over our heads....it's instead pure policy with no end in sight....that's the bigger worry. There's nobody to turn the ship around or hold things up. There's no stimulus coming like with COVID either to artificially hold the economy up.

CryptoDeepDive

I withdrew hundreds of thousands from both Voyager and FTX in 2022. They crashed a few months later. Doesn't mean shit.

Blade_Runner_69

I'm not even a fan of Binance or BNB, but even I know it's all dumb FUD and idiots trying to cause panic. There are powerful people in America that hate CZ with a vengeance, because of what he did to their darling Sam Bankman the SEC insider and FTX. So expect lies in the media.

Cautious-Lecture-858

Binance death would be one of the best things that could happen in the industry. Short term pain in exchange for more legitimacy, and governance. Binance is a cancer. Just like FTX was.

dontcare4512789

I remember Binance processing around $14–15 billion in customer withdrawals after the FTX collapse. I know because I was monitoring it at the time.