FTX

ji-wayne

FTX was like 5 minutes ago

derbyfan1

Yes me. I used to keep some on Celsius and i had loads on FTX too. Never felt safer and more secure. Ignore the noise when they say NYKNYC. Thats nonsense. Anyway, after losing a sizable amount (FIRE money) Im off to Wendys for my day shift. Bye!

KateR_H0l1day

Buying SOL for the first time after FTX, @ \~ average $28 for the months after, then staking, still have it. Like everyone else, wishing I’d of bought more of course. But my BTC at an average of \~$50K is very nice too 😌

fan_of_hakiksexydays

To be fair, so far cycle geeks have been right. I remember in the last bear cycle right around August, we all thought $19K was the bottom and we had entered the bull market, and cycle geeks got the timing wrong. Then we dropped to $18K. Then in November FTX tanked and we crashed again to $15K.

ExaSee

People seen to forget FTX was a thing

hereforsneaker

well anything in life can be considered speculative even the so-called ‘risk free assets’ or to a more dramatic extent, the humble street cross as demonstrated. so therefore, you are technically correct . your originally comment was gambling. under strict definition arguably also correct. ill be honest i started out trying to prove you wrong, despite having doubts. everyday risks=walking across a street>bench pressing>commercial flying>driving<>charter flight deposit account>savings account (fed gaurentee) hedging>reasonable derivitives justified risk/reward assets=gold (lol) > AAA tnotes>AAA tbonds> upper tranche cdos (nvm you are correct) > mid tranche (lol)> non cyclicals>etfs (lol)>blue chips>LLY>NVDA>mid cap>small cap>S&P 500=world index=overvalued mega caps=>BHP(ax)=>AUD=ASX200=iron+copper+superannuation+property>LLY>TSLa>META>stocks>equities > low tranche > property (lol) speculation = gold>bitcoin>ethernet>black jack>poker>option spreads>ai stocks with other moat>pure chip stocks>forex>Elon musk=TLSA>DOGE>spacex>bonds at risk of default> selective bond default > bonds in default>ada>luna (pre crash). Darwin’s award contenders=gambling>sports>roulette board> leaving money unguarded in a public space> smoking cigs>shit coins>whatever meme coin is popular=doge=luna (post crash)>FTX>LUNA pre crash>upper tranche cdos>0DTE>taking meth>fking a girl with hiv>lottery ticket>GME stocks>SEERS shares gold x2 is intentional. many others probably should follow the same rule. list is WIP. i could go on, but i concluded half way through the subjective risk justified section that you are indeed correct.

Omniwatch

Personally I wouldn’t call going down to 3k with FTX “resilience”

user_name_checks_out

"Nothing has gone wrong so far, therefore nothing could ever go wrong". 🤡 Tell that to the users of Gox, Quadriga, FTX, Celsius, etc. etc. etc. NYKNY₿

dj_destroyer

Is it shady? Sure. Is it illegal? I dunno Celsius and FTX pulled it off for a little while

Basic-Initiative-298

When there's trillions of dollars waiting on the sideline for this bill to pass, the pressure to pass it is impossible to ignore. Those holding out are only protecting the banking monopolies who invest people's money without their consent. This might be a controversial comment but, it kinda reminds me of FTX tbh.

csfrayer

This isn't the first time crypto legislation has been considered. Sam Bankman-Fried's legislation got hearings in the House and Senate before FTX imploded from fraud.

BetterSeesaw

You sure about that? Would you still have your FTX coins?

Exact_Physics4224

Happens all the time, would take a scandal similiar to FTX or equivalent. BTC has not even hit a weekly uptrend yet

Objective_Basil_8414

Whatever the final text says, the practical effect of any market structure bill is that compliance cost becomes the moat. Big venues absorb it, small ones can't, so "clarity" usually means fewer venues rather than safer ones. The genuinely useful parts for retail are narrow: custody segregation and reserve requirements, the FTX shaped holes. Most of the rest is about who gets to issue and list, which was never a retail question.

Emergency_Yam_4082

FTX - Utility token

cyrdapwn

I had all my btc (multiple coins) on FTX. I withdrew everything 3 days before they froze the withdrawals. I read strange tweets from some insiders that something fishy is going on there, I ignored it and went to sleep, but while I was falling asleep I started to be nervous about it so I woke up a took everything to my trezor. Btw I also dodged celsius collapse by like 2 weeks.. I am not taking any chances now, everything is on my trezor. But seeing what happened with coldcard, well I am not so calm anymore. I guess I will just betray self custody and move everything to btc etf..

jawni

This is basically using SOL as a peak example of when you should inverse this sub's sentiment, because this sub is treating ZEC in 2026 the same it treated SOL in 2021(but more accurately 2023, when it started climbing and every commenter in this sub had some cope about how it was only pumping for the FTX unlocks). >I was wondering why nobody’s been talking about Z cash despite the insane run it’s on. Plenty of people are talking about it, but this sub, like this exact thread is point out, is at best far behind the times, and at worst is oblivious to what is going on. If you're on X or if you follow the industry and market, you've been hearing buzz about it for a while now.

Aerocryptic

>But BTC was already down 72%. FTX and Luna brought it to 77%. BTC was down 30% ish before Luna. It went from $40k to $20k afterwards

Rare_Lie4758

You are so right about FTX, that disaster was exactly why we need some rules but not this kind where only the suits get protected

hodler1992

It's rather important for the institutional side than for retail but it should prevent us from incidents like FTX

MaxiMaxLaurent

I started to dig more into what happened in previous cycles. I think I may have jumped too quickly to the conclusion that 59k was definitely the bottom. It might still be the bottom, but I don’t see it with the same certainty anymore. I initially thought a drop of only 50% would make much more sense in following past cycles. I thought the only reason past cycles dropped more than 50% was because of events like FTX. But BTC was already down 72%. FTX and Luna brought it to 77%. I also thought that because bull cycles dropped so much in intensity, bear winters would also get equally milder, but they’re actually not. The bounces this year to 96k, 84k, 81k, are very similar to the 2018 bounces to 12k, 9k, 8k.

statoshi

I think you'll find that creditors tend to take a big haircut in insolvency cases. | Service Name | % Returned to Creditors | |--------------|------------------------| | FTX | ~30% | | Celsius | 65% | | Genesis (Bitcoin creditors) | 51% | | Genesis (Ether creditors) | 66% | | Voyager | 72% | | Mt. Gox | varies by user | | QuadrigaCX | ~ 46% | | Youbit | ~ 75% | | Prime Trust | varies | | Cryptsy | Minimal |

Dopest_Trip

From my limited understanding - the most appealing aspect of the Clarity Act would be moving consumers from the back of the line to the front when it comes to to FTX-esque claims on assets.

circumcisingaban

i felt so at first until the FTX collapse and the NY exchanges were fine.

GeneralComposer5885

The red flag for me was FTX Super Bowl adverts - just took a while for momentum to slow down from that point. In my opinion, even the real money and power didn’t recognise the public had lost interest, so we’re in this slow death stage now whilst they try offload.

ObviousEconomist

It's because of FTX that all the exchanges learned not to do stupid things like gamble with client assets.

Fun-Analysis-182

The Coldcard hack was a bad-RNG bug in how some units generated the seed, not proof that cold storage itself fails. A passphrase Trezor with a good-entropy seed isn't exposed to that one. And "safer on an exchange" forgets Mt. Gox, FTX and Celsius: most of those people waited years or never got made whole, so getting paid back once was the exception, not the rule.

Happierdante19

if you wanna learn just think in the gold, if you have 0.5 kg of gold that buy in 2020 that was in $1.589, and now today (today) is $4.400, this meaning that that piece of gold that you buy in the past have new value, and can buy a little like 0.05gr of gold without lost the rest of you gold, know this register in a public book, were said: you "anna" (example), sell 0.05gr of gold at "samahel" for $7,16, you have the money in he have the piece of gold. other thing is that for the problem of FTX (1 Exchange that lost money of so much clients,) we need to be carefull if you have so much money, you need to buy a wallet cold, that is more securyti in the case that someone try to hack you, or hacken the exchange like BYBIT or other, so this means that you btc dont lost for the exchange, ( this part is just if you have so much money in crypto, if you have $10 (like me) or $100,1000, is something secure, even all dont share your password, and the wallet this subject for the future now no. because you´re a begginer in need to take this slowly uwu, in other thing just, keep the calm i need a little of money too sister, even all i know that you get it xD

Zawer

I trust Gemini as I understand they are subject themselves to recurring audits I just wouldn't use their lending /interest bearing options as people lost money during the FTX fiasco

Victorvnv

Luna during the crash at 1$… put 70k woke up 8 hrs later it was 5000$ Algorand during its peak, Solana before it crashed to 8$ but I sold it after FTX collapsed as everyone said it was dead and will go to sub 1$ and a few small cap coins that went to 0 and got delisted a while after as I also though that small Mc on coinbase means it has higher chance to pump

Rogntudjuuuu

Yeah, but is it worth putting yourself into debt? You might have to sell off some of your bitcoin to pay off the loan given that it hasn't decreased in value. How bitcoin will behave up until the next halving in April 2028 is a guessing game. What if there's a new FTX or Mt Gox event? If you're willing to take that risk, then go for it. But I wouldn't.

circumcisingaban

i was mad at first but guess which exchanges survived the FTX collapse

Transcendance2021

From Mt. Gox, to FTX Alameda Research to Bybit, Cyprus, Bahrain, U.A.E., Saudi Arabia... From Sim Swapping to straight up assassinations/hacking of Bitcoin whales... Anyone who trusts Michael Saylor, Musk, Dorsey, or Bitcoin is surreal/bewildering... People could have been retired if there wasn't insane nefarious activities going on

tom-branch

So was Sam of FTX, fraud is profitable, right until it isnt.

Fomo_Family

ich is why bank lobbies spend their money fighting stablecoin legislation rather than Bitcoin. **Threat to official currencies.** Close to zero anywhere with a credible currency. Real in places with high inflation and capital controls — except that there, people move into dollars, usually via stablecoins, not into Bitcoin. So crypto's actual monetary effect so far has been to extend the dollar's reach into places its banking system never got to. It's been dollarising, not de-dollarising, which is the opposite of the usual framing. **Threat to financial stability.** This one has flipped. In 2022 the blowups — Terra, Celsius, 3AC, FTX — stayed inside crypto and the wider system barely blinked. Post-ETF that isn't true any more, because the exposure now sits on regulated balance sheets. The live question stopped being "will crypto replace the financial system" and became "how much crypto risk has the financial system taken on." On your size point: market cap is the wrong measure for contagion. Leverage and interconnection are. A small asset held on leverage inside regulated institutions matters more than a large one held unlevered outside them.

desimus0019

People that dealt with FTX in 2022 and several other exchanges have much worse horror stories. This is why everyone loves to repeat the "not your keys not your coins" mantra, and they are right. No one should rely on any exchange to hold their bitcoin. My problem was that limits kept me from moving it quickly enough, an issue I hadn't taken into account when buying in bulk.

Old_Cucumber_1343

i got a little bit of everything. MSTR / IBIT / self custody / some on an exchange that survived a bank run during FTX

Left_Entrepreneur918

I remember the fools so vividly at 15k, the day after FTX so many bears sitting on the sidelines until 10k. I made the biggest btc purchase of my life that day. Fuck them

pop-1988

That sounds familiar > The court noted that FTX touted itself as “the safest and easiest way to buy and sell crypto,” and that customer assets, including digital assets such as Bitcoin and Ether, were held in “custody” by FTX while stating FTX segregated customer assets from FTX’s own assets as a general principle, when in fact customer funds were commingled and misappropriated

harvested

October gang is waiting for an FTX equivalent but market seems healthy enough

AggravatingGuest1956

lol Sol crashed because FTX and alameda blew up.

KevinNegocios

That’s a fair point only if you look at it strictly through a legacy TradFi lens, but it completely misses the architectural breakthrough of Bitcoin. We use centralized custodians for gold because storing and shipping heavy physical gold bars across the globe is a logistical, expensive nightmare. Stocks literally require a centralized legal registry (like the DTCC) just to exist. In the fiat system, custodians are a necessary evil. Bitcoin was engineered specifically to eliminate that exact counterparty risk. Sending a billion dollars in BTC takes 10 minutes and requires zero armored trucks, vaults, or bank approvals. It's digital bearer property. When you hold "paper Bitcoin" on an exchange, you don't actually own the asset; you just own a digital IOU from a centralized entity. We all know exactly how that movie ends (FTX, Celsius, Mt. Gox, BlockFi... need I go on?). Applying the same flawed, centralized ownership criteria of the fiat system to the very asset built to replace it is wild. It’s like measuring the adoption of email by counting how many people print them out to mail them via FedEx. Sure, it makes the adoption numbers look bigger for the headline, but it totally defeats the purpose of the technology.

shaunj72143

I did this with ZEC but that was completely a (very) happy accident. BTC (possibly eth) is the only fire and forget crypto...even then, I'd personally wait til the next catastrophic crash (like the FTX collapse) to buy in. Just collect USDC/USDT til the bottom is in. Buy BTC, write down your seed phrase, stick it in your gun safe/safe deposit box, check back in a decade. Otherwise you're just playing in the casino (not trying to be a dick, just relating my own mistakes/successes

ImpressiveRelief37

Also you let someone else hold your bitcoin and they could get hacked, or go south like FTX, Celsius, BlockFi, etc… lol nope not for me.

bailuobo1

For real. Maybe it's just because I've been through a few cycles, but this bear market didn't seem that bad. There was no FTX type crash. And now tons of hopium that the bear market is over. Makes me think that we'll see one more leg down to really shake people out. And no, I'm not selling my stack to bet on that. I'll continue to DCA and be happy if I can do so at lower prices.

ffbbaarrnnaa

laughs in FTX lol

derbyfan1

At least your not like one of those idiots who were waiting for sub $3k Btc during FTX.. Oh wait...

Suspicious-Book-5352

Last year, I was looking and this and comparing with the chart. When it went to ATH on 07 OCT 2025 and bear began, in front of my eyes, I was like, ffff... Even though it seems like a bottom rn, I'm just retardmaxxing this OCT 6th thing. I also think this bear was too shallow, and no real black swans yet (nothing like FTX or even Luna).

KP_2016

Not during the FTX business. They partnered along with other companies for asset recovery. There is something called as DSP you can look it up. What BitGo did was got hold of some part of aseets through DSP and created a platform with 3 auto liquiditation dates where former FTX users can sign to BitGo platform and recover their lost assets. It's a strategic move these companies do but BitGo had no part managing funds when FTX was in business.

My_name_i_Jeff_Bezos

Did they not learn from FTX

Objective_Digit

Bitcoin is never hacked in these stories, yet Mt Gox, China bans, FTX etc. have crushed the price, guy.

BakingBreadBB2

Yeah. The new CMA framework that dropped in April explicitly enforces strict custody, tech audits, and governance rules to prevent another FTX situation. A lot of the massive international platforms are having to restructure and launch completely siloed entities here just to comply with the local capital and custody requirements.

Vephyrium

Coinbase is nowhere near comparable to the FTX fiasco… and will be here for sometime

WeekendQuant

You're just lucky Coinbase hasn't gone under yet. Many people have lost their entire stack with exchanges. FTX was a huge exchange and was poorly risk managed. These exchanges don't have the regulations that a stock brokerage has, so until that happens I wouldn't trust them with your stack.

ubermensch1001

It's honestly kind of crazy to look back on 2022 through 2024 to see just how much had changed in such a short time window. November of 2022 we had the FTX crash where BTC was at around 16k, fast forward to just 15-16 months later and it was setting a new all time high lol. To put this into perspective with the 2018-2021 cycle, we bottomed out late 2018 and didn't even set a new all time high until late 2020. Again, I don't think it's all that long from now before we cross above 100k and I think once this definitively happens it won't take much for a new all time high. Something I think about is that this is literally the last window where a relatively normal person starting with 0 can get .1+. Let's say we fast forward to the 2028 halving and BTC is trading at 200k or higher, how many people are going to have $20,000 to be able to buy that? Even now at a cost of a little under $8,000 this is difficult for most working Americans. It's actually insane to reflect on this and especially when not too long ago this would have cost you a couple grand or even less than 1k.

Sector__7

Ask people who were in Celsius, Voyager, FTX, etc…how well that lending model worked them. Never trust you main stack on an exchange and only put on there what you need to do for a transaction.

Effective-Resource85

same with people holding btc in FTX 2022

SasiRacha44

Altcoins big trash , ever heard Luna , so called top 10 altcoin, scammed infront of everyone. Every heard FTX, so many like this. Atleast memecoin based on community, Murad is SPX6900 community driven.

Illustrious-Pay6341

Most ignorant comment ever made! Go read about FTX, Bybit, Mt. Gox, DMM, etc.

Schwoanz

And triggering the FTX collapse and causing last October‘s crash. Fuck this guy!

Longjumping_Bet_8563

It's interesting how people want to compare MSTR's situation to FTX; they're not the same. MicroStrategy has tangible assets backing their Bitcoin strategy, unlike FTX's questionable operations.

Stomach_Swimming

So, Bitmart decided to go the way of FTX. Is Bitmart USA closing down, too?

Romanizer

Yes, it deflected from the 200DMA, just like it did in May of this year at $82.5k. the last days we went through the 200DMA on high volume and left it behind us. Combined with the fact that bears were not able to slice through 200WMA and showed seller exhaustion, the situation is pretty clear, together with on-chain data signaling beginning bullish momentum. There are indicators that are much more reliable than day counts. And of course, you would need an FTX-like event.

Romanizer

And power law would need to break together with 200WMA. Last cycle we had a cascade of systemic failures and liquidations with the FTX crash as a finale. Still, power law held. This cycle, we are far from any kind of comparable failure. $57k was already much lower than anyone could hope for. It was a gift for a generational market entry.

hippofire

We also had FTX

DaVirus

0. Lost it all in a boating accident/FTX collapse/Trezor wrench attack/ColdCard hack.

Sacredwisp

You were in the majority a week ago. Everyone and their mother saying one more leg down in October. Long term holders undereater is comparable to other bears. Sellers are exhausted. We hit bullish divergence already. We had 3 legs down like the last bear market. We had another leg down a few months ago, and it barely swept the low. To me, it felt a lot like FTX. We had price capitulation in Feb and time capitulation all year. We didn't hit any of the top indicators and had a distribution rather than blowoff top, but we hit about half the bottom ones. It's possible the low isn't in, but I find it hard to believe at this point. In a bear, we take the escalator up, elevator down. In a bull, the opposite. We'll, we just had our elevator up.

LargeSnorlax

Buttcoin is a LARP sub nowadays. Before it was a place where 60 year old men could sit back on their blood money duvets and complain about the nonexistent digimal tokens and how they had any value at all, but since 2021 it's become inundated with failed crypto traders who lost their shirt during the FTX collapse and have made it their life mission to screech about how crypto is a scam because they suck at it. Go ahead, look at all the accounts there. All fresh, all cleaned. Most have cleaned out their history, but if you know how to check, the internet doesn't forget. They're all over the place on all sorts of altcoin forums, saying to the moon and other such nonsense - Until the prices *weren't* going to the moon. Now it's a scam, a scheme, a pyramid, any other words they can throw at it. The same dudebros who were cheering for SHIB to be $1 are the same denizens of /r/buttcoin now, forever cursed to be posting about how the thing they completely failed at is a scam, because *reasons* that totally have nothing to do with that.

Xennenial

I bought through the bottom of the COVID crash, the bottom of the FTX crash and the bottom during the last 7 months. I took profits during the bull runs that proceeded the first two aforementioned crashes. I'll take profits during the next bull run. All the people who talk shit about crypto are the ones that are too incompetent to make money in this space.

Left_Entrepreneur918

I remember after FTX btc rallied to 25k, the moon boys came back and boom we went below 20k again. Bears can have rallies

NerdyKid1101

It's been so crazy this cycle haha the only other time we've stayed under the 200 week MA is when FTX collapsed so we very well could stay under it for a while but regardless, It's a good sign we've hit bottom.

quintavious_danilo

Not that I know of. They big players are all set up pretty good after that FTX disaster. Some smaller exchanges recently closed shop but that wasn’t even moving the price at all.

Left_Entrepreneur918

I bought .5 the day after FTX crash when it hit 15,500. I thought blood in the streets. I had an inheritance left over.

ubermensch1001

What's crazy to think is that post FTX around late November-December of 2022 we were at around 16k and about 14-15 months later already setting a new all time high. Don't underestimate how fast this can recover and how quickly we can get back above 100k and even setting a new all time high.

fan_of_hakiksexydays

We still went down more than 70% in early October before the FTX/Luna crash. FTX imploded in November, and crashed the market even more down to around 78%.

devCheckingIn

There is the argument that the last cycle's low occurred in October only because FTX went kaboom, and there's no guarantee we'll get a similar-sized black swan event this time around.

Specialist_Ant116

Welcome to the party, boss! Withdrawals have been frozen since the announcement on July 26. We are mobilizing globally to freeze their assets and get out money back. You have just entered a mini-FTX! Connect with the rest of us on telegram or X I guess.. Start filing reports to your national cybercrime department

Django_McFly

A lot of people feel like *if any of them had an issue, then all of them must have the issue* and no amount of like reputable operation or regulatory approval can change it. If FTX was stealing customer funds, then literally every exchange on the planet must be stealing customer funds. If 2026 Nissan Altima's have a brake system recall, then every car must have a brake system recall.

boldstrategies

The fortune cookies at this one Chinese restaurant I go to had their fortunes sponsored by FTX. This was a year or two ago.

tenor_tymir

You were lucky so far. Not a very long time ago, FTX, Vovager, BlockFI, Mt.Gox and Bybit either closed shop or had hacks into the billions. You were lucky you didn’t choose any of them because you definitely could have.

TerminatedPotato

FTT (the FTX crypto) has gotten as low as $.20 per coin but still hasn't hit zero. People don't seem to realize how stupid it is to say "Bitcoin goes to zero". Tbf though it's the same logic that makes me wonder why Saylor said "It's going up forever, Laura." It will break a million. Probably 10 million per coin in my lifetime. The one thing it can't do is go up forever.

MarioWilson122

Nah, millions of others are far worse for the reasons I described, since people actually got completely scammed, remember BCC, FTX, etc. Also, the ghoul, which I guess is Elon, was not a part of DOGE in the '13 or '17 bull run, and it still did very well, so we can't just ignore that. Enjoy just making up stuff since you dislike it so much.

betterthanluck

Seriously, only Pros like me use Voyager. Experts use FTX or Mt Gox

Illustrious-Boss9356

Is the value not taken from one group to another when Mt Gox or FTX collapse? When sophisticated phishing schemes work? When Coldcard seed gen is compromised? Or when quantum breaks ECDSA? Or when the network needs to increase coinbase subsidy to keep the network secure? Or when mining is only viable with purpose built ASICs which has centralized mining to a few groups of the "fiat incumbent" crowd? Cmon now.

gwizonedam

I live in Miami. I used to see so much FTX crap in my local goodwills. It’s tapered off quite a bit, but it felt like it was a donation free-for-all for a few months there a few years back.

hrad95

I thought I was a hero for buying during the FTX crash lol

fan_of_hakiksexydays

I remember last cycle when so many people thought $36K was the bottom (also nearly 50% like now). We bounced back, and it looked like we were recovering and the bear market was over. In a very similar way to when we dropped to $60K this year. Then just like when we dropped again to $58K recently, back then there was a drop to $29K, then a bounce back. Then we dropped to $20K, it looked like that was definitely the bottom. But then we had the FTX/Luna fiasco. When you think the bottom is in, there's always another bottom lol.

ZascandileandoAndo

Next time instead of "SBF" just say FTX ffs, not everyone needs to know all your shitty acronyms

Consistent-Ad-8802

But we didn't have a an FTX type of event this time and the same amount of time as every other cycle hasn't passed?

Consistent-Ad-8802

But we didn't have a an FTX type of event this time and the same amount of time as every other cycle hasn't passed?

piggleii

1. They learned from FTX not to do stupid shit with other people's money. 2. They've pivoted to allowing perps trading on "real word assets".

ellis1884uk

Im actually the opposite, dodged Gox, dodged Quadrigacx, dodged FTX & Genesis (was accredited investor) and now Coldcard (never liked NVK)

DifficultSquash1517

I just did a quick search it seems that people that lost $50,000 or less got $119% of their FTX money back and those that lost $50,000 or more got 98% back Seems to depositive things never make it to the headlines the old "if it bleeds it leads" mentality in reporting Even the Nernoe Madoff , 83% of all the money was returned to victims

Ok-Sympathy9768

Anecdotally, my personal experience, i got into bitcoin late, I lump summed in at around 3k years ago ( I didn’t stack “sats”, I stacked bitcoins); saw that go to 69k and saw it crash back down( my exit strategy in 2021 for half my stack was the 75k price point; which never happened ). I lump summed in again after FTX shit show because I was still up overall and had strong conviction ( scarcity, decentralized, financial independence from 3rd party, and the promise of mass adoption; BTC was a sacred cow). I road it up to 120k+ this cycle and thought it was going to the moon to at least 150k; which was my new exit strategy price point for half my stack. I was wrong and it didn’t moon but crashed again, lesson learned. I sold off almost all my BTC investments, all in tranches starting in the 95k range; I made life changing money because of BTC and left life changing money on the table. Now, I will only hold a few bitcoins worth exposure, and only in ETFs, in a tax advantaged account just in case it does moon (I own zero actual bitcoins or sats). This is why I believe it’s a 4 year cycle; at best.. if bitcoin was going to moon like it supposed too, it would have not crashed back down this time If you want to invest in BTC as if there is zero evidence of a “4 year cycle”/DCA, that is your choice. I will gladly take the other side of that trade.

Puzzleheaded-Dot-762

I'm sure people told him to buy a hardware wallet after the FTX fiasco. If he starts buying ETF, I'm selling my IBITs. 

Fearless-Sherbert-40

Broskie, I had FTX and a Coldcard, but spent my gains on drugs before I could get rich. Now I’m in debt to rehabs with health insurance bills and a criminal record from all the scandalous shit I did so I am unemployable. There’s always a silver lining my dude. I’m only investing in Pokemon cards and meme coins from here on out. I know if I make any kind of significant money, it’s going up my nose. Stay broke my friend, money is evil.

ElderMight

There was a person who posted on the cryptocurrency sub back in 2023 that they lost $50k+ on Celsius. Then they invested $25k on FTX which they also lost. They finally bought a ledger after that but got spooked by the ledger recovery feature and moved their coins in a panic to Atomic wallet, which got hacked and stole $100M from users. At least you're not this person.

Jenn2895

I hear your concerns w/ Eth & also managed a Btc average last cycle of $20k. Did the bulk of buying after FTX crash & Xmas 2022. Sold it all when I 5x’d. Which is great in the markets in general, but not so much for crypto. To be honest I’m not too excited about Btc or Eth this cycle. Simply due to their high market caps. They are definitely safer bets now. Which is great risk wise, not so much return wise. But I think box will pull off at least a 3x. Probably higher for Eth b/c of RWA, Ai agents, global finance moving on chain, & supply squeeze since 1/3rd is already locked up in staking. Decided to go heavier into $Link now. Market cap is lower, $7B. They also have a lot of partnerships, patents & basically positioned themselves to be critical infrastructure for Web3, Defi, Global Finance, etc. Think Chainlink will easily 10x this cycle. Possibly much higher, but 10x easy. Been trying to find some small caps w/ strong fundamentals & utility. So if you got any leads I’ll def take a look. Last cycle I threw some $ on SwftC just b/c they had a micro cap, $5M, were already available on a major exchange & had utility. It’s so much easier to get over a quick 10x when the market cap is so low. I avoid memes though. I have 1 & it’s literally just for the meme b/c I like paying or gifting people “magic internet money” 🤣.

Ok-Pea4148

People in early 2008 also thought banks were now mature and could not collapse like they had done in the past ... Whoever thinks we will not have another MtGox or FTX is mistaken. Just because an exchange is big and "mature" does not mean it cannot collapse. Even Coinbase, Kraken or Binance can collapse. The question is not whether it will happen but when. And when it does happen, Coldcard will look tiny in comparison

Tasty_Action5073

Mtgox, FTX, and all the others send their regards. The risks of exchange outweigh the risks of self custody.