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The market will bottom when
1. There's No volatility for months.
2. Will take months to form a bottom, it won't be a V shape reversal.
3. The volume on all exchanges die.
4. The spread would be too high to even DCA.
The bottom will look like a desert, with no participants.
Global financial services giants MasterCard, Citigroup and others are joining hands with the Federal Reserve Bank of New York to start a 12-week pilot for a digital dollar.
No wonder all of a sudden exchanges started claiming bankruptcy
The world's 2nd biggest exchange died and Crypto is still trading in the Billions just days after.
If this isn't the most bullish thing for Crypto, then I don't know what to tell you.
We've been tested with fire, over and over again.
Crypto will not fail if a few exchanges go bankrupt.
Many exchanges came and dissolved. Crypto lives, whatever happens.
Too much tech, degenerates, hope and greed in this world for Crypto to die.
The Founder of FTX Just said
'One million Users lost their money because of a small calculation error'
The real reason?
He lent user's money to his trading firm to Gamble with.
Please wake up if you believe his lies.
Bitcoin will not only survive, but it will thrive in the coming years in my opinion.
But we shouldn't ignore the fact that this week was a set back for everyone, regardless of what corner of the industry you play in.
FTX Announcement Regarding the Tron Credit Facility:
We are pleased to announce that we have reached an agreement with Tron to establish a special facility to allow holders of TRX, BTT, JST, SUN, and HT to swap assets from FTX 1:1 to external wallets.