Idk who needs to hear this but losing all your money is not the end of the world. Even losing more than you have. Don't do anything stupid.
I never shared this before but:
maybe it was especially bad on alts because we just never had this many alts with perps before
whales do not bid via some algorithmic / basket routing their bids to like 5, 10 coins, they click the ticker and bid
and we got everyone on cross margin so everything nukes in sync
You need to zoom out. You need to read about the history of how crypto got here. And you need to avoid the same mistakes that others have publicly learned in this space/platform. Don't bet the farm on this, or at the very least give it a lot of wiggle room to dance around.
134 of FTX's firms filed for bankruptcy:
1. Alameda Aus Pty Ltd
2. Alameda Global Services Ltd.
3. Alameda Research (Bahamas) Ltd
4. Alameda Research Holdings Inc.
5. Alameda Research KK
6. Alameda Research LLC
7. Alameda Research Ltd
8. Alameda Research Pte Ltd
We made it! #ETHmerge
On a serious note, very big ups to everyone who worked tirelessly on hot-swapping the engine of a 200 billion dollar car while it was driving on the highway.
Idk who needs to hear this but losing all your money is not the end of the world. Even losing more than you have. Don't do anything stupid.
I never shared this before but:
1/ Dear @elonmusk. The perfect troll is one where people don't know whether it is a troll or not. Your recent poorly informed criticism of #bicoin + support for Doge may be the perfect troll...or you might actually believe this (God I hope not).
.@tether says accountants have verified that all of the stablecoins in circulation are fully backed with reserves. What do you think about this?
#Crypto#Cryptocurrency#Tether $USDT #altcoin
https://t.co/i35ctrZJik