oil is starting to look interesting to me at these levels
every time there's a headline about a potential ceasefire with Iran, oil sells off, but the price tends to recover when there's no actual resolution
if the conflict continues and the Strait of Hormuz remains disrupted, i think there's a reasonable case for oil moving higher again
the chart is also approaching an important historical level, which makes the risk/reward worth watching
Wanting Binance to collapse is a fucking ridiculous position to take if you actually care about this industry.
Criticise the security failure. Demand answers. Expect customers to be made whole. Binance should be held accountable for what happened.
But actively hoping the exchange goes under? What exactly do you think you’re wishing for?
People are already uncomfortable after a 13% correction. Imagine being unable to withdraw your funds and not knowing when, or how much, you’ll get back.
Have we already forgotten what happened when FTX collapsed? Are we really that short-sighted?
Withdrawals stopped, customers were left with claims in bankruptcy, and the damage spread to other businesses.
Given Binance’s scale, a collapse would be even more damaging than FTX. Other firms could have funds exposed. Customers elsewhere would start questioning their own platforms. Money that might have entered the industry could decide it wants nothing to do with it.
You don’t need to like Binance to understand how damaging that would be.
It’s easy to cheer for a company to fail when you dislike its executives and the consequences are somebody else’s problem. Much harder when you think about the person refreshing a withdrawal page, wondering whether they’ll get their savings back.
I want answers, better security and customers protected.
I don’t need ordinary people to get hurt just so someone can post that they were right about an exchange.
FTX collapse marked the bottom.
So will the Binance hack.
The best way to recoup losses is to send prices significantly higher, not lower. Do not think for one moment that Binance won’t do exactly that.
They hold multiple billions in $BTC and have the firepower to execute multibillion dollar longs that aren’t visible to retail.
Not to mention, they probably made $1B in liquidations, slippage, and fees anyway.
It might just take some time for the market to rebalance after the temporary damage.
But after that, I think it’s crystal clear where we are headed on the HTF.
Quem ama futebol te aproveitou ao longo desses anos…
Hoje é seu ultimo jogo com a camisa da tua seleção, do teu país e eu espero que você curta cada segundo, que todas as homenagens hoje te façam feliz.
Não é só Argentina que te agradece, o mundo agradece por tudo que fez ao futebol.
Obrigado por me fazer amar ainda mais o futebol, foi uma honra ter jogado contra você e mais ainda fazer história ao seu lado.
GRACIAS Leo Messi 🐐