Is FTT the next LUNA?
Updated
Welcome to the Crypto Matrix.
Some may call it FUD, some may call it a valid independent view: Alameda, the subsidiary of FTX totally lost control. Looking at the board of Alameda, you can see numerous "kids" - yes I would call them kids, as they obviously did not hear the bell ringing yet - trying to CEO'ing and CTO'ing and wtf else, but obviously dont have any clue about financials. What must have come to their mind to back cash liabilities of roughly 7bn in their balance sheet with unlocked FTT, which in amount exceeds the actual circulating supply of the token?! I mean, even for those guys, who have no clue about a balance sheet, must have known, that you cannot back your liabilities with nothing. The more and more you see those kids, imo is totally loosing any trust in any VC out of Silicon Valley related to crypto.
Where does FTT find support? Actually, there is a huge buywall around 15, but as you may know: buywalls are usually bearish. Seems to be something like catching a falling knife, imo atm
welcome to the matrix 2.0
Some may call it FUD, some may call it a valid independent view: Alameda, the subsidiary of FTX totally lost control. Looking at the board of Alameda, you can see numerous "kids" - yes I would call them kids, as they obviously did not hear the bell ringing yet - trying to CEO'ing and CTO'ing and wtf else, but obviously dont have any clue about financials. What must have come to their mind to back cash liabilities of roughly 7bn in their balance sheet with unlocked FTT, which in amount exceeds the actual circulating supply of the token?! I mean, even for those guys, who have no clue about a balance sheet, must have known, that you cannot back your liabilities with nothing. The more and more you see those kids, imo is totally loosing any trust in any VC out of Silicon Valley related to crypto.
Where does FTT find support? Actually, there is a huge buywall around 15, but as you may know: buywalls are usually bearish. Seems to be something like catching a falling knife, imo atm
welcome to the matrix 2.0
Note
so everybody of the noobs got washed out, lets get up againNote
of course my last comment was sarcasm. crypto ist just a fun place. nothing to invest in. Be aware: The FTX aquisition by Binance is very bearsih to ma, es FTX declared reasonable problems and Binance now has to clean up the mess. But in the end, mess is still mess.Remeber: FTX wanted to cooperate with regulators, Binance not. This aquisition will lead to mASSIVE regulations, which must com to get the kids out of silicon valley. after midterms, we will see whats going on in crypto. uncle powell will tell you in the upcoming days
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