Not good. @gate_io why’d you show a reserve audit right before sending these funds back? How’d you account that? @kris what caused this timing for the return? Perhaps you can release communications with Gate on this matter.
Confirmed: crypto .com "accidentally" sent 320k eth of user deposits to Gate .io on Oct 21st
Oct 28: Gate shows "proof of reserves" & then sends 285,000 eth back
This was topping up for the proof. Gate and crypto .com are fucked?
https://t.co/jYyq1CIGOs
@Tradermayne It got me too. Also fully demoralized.
The way we keep shrugging this scams as a normal day in crypto is just fuel for more scammers to succeed in crypto. It’s disgusting.
If the Alameda/FTX hole is too big for Binance, maybe they can cover up to eg. $250k per user. Saving the entirety for smaller accounts (ie. people who actually "need" the money) and letting the larger ones eat L and just take Alameda to court or smth
#Bitcoin
Macro markdowns are a bitch.
Personally, couldn’t give a shit which direction this goes in the coming wks/months.
My only advise, fwiw, stop fucking kidding yourself that just because BTC puked like ~74% that means it has to bear market rally 60-90%.
👀 on da💪🏽trend
@Timeless_Crypto Really good overall evaluation on things, and all of that in only 5 minutes. Got the video link from a friend. Just followed and subscribed the YouTube channel. Nice to see big accounts that keep it real. Thank you mate.
Bear markets rally, just as bull markets retrace.
Unfortunately, both markets are filled with inexperience & childlike behavior. The "TOP IS IN" on every dump & the "BOTTOM IS IN" on every pump. Avoid those who speak like this; they hinder your ability to make rational decisions
I see many traders take losses to heart. You shouldn't. The market is not out to get you personally. It’s there to take money from cunts and you’re just acting like one of them.
Cheers
You only need one strategy to get rich in the stock market. The sooner you commit to being great at it, the sooner it will pay you. But you will never get paid well for knowing a little about many strategies. To be great at one thing you have to sacrifice others. Now get to work.
I really can identify with this. Risk Management is King.
Trading is a marathon not a sprint. Build your strategy for the long term and stay away from impulsive actions that might bite off a big chunk of your winnings.
#Bitcoin
This is something I think about quite a lot.
I think it's born from the fact that generally, everyone just assumes price continues North, unabated, and without reversion to price of previous cycles.
Not a prediction, just one of many scenarios I believe is possible.
On October 14th, 2021 it was just your ordinary day in DeFi.
Everything was eerily quiet… Then the exploit happened.
Nobody was prepared for the 19 year old math prodigy that was about to rock the world with this $16M attack.
@ZeroHedge_ Been following your insights and Trading Alpha community posts, here and on discord. While I try every day to work on my trading skills, I really do see the added value from a tool that will automate great part of the analysis needed to be on the right side of the market. 👍
#BTC (Weekly Timeframe)
We have a reversal setup which is the good news!
However for this to work we need to see confirmation.
A confirmation is a close above the reversals wick from either this candle or the next.
How reversals & confirmations work :
https://t.co/XkZdTIopNi