The recent events surrounding FTX have indeed cast a shadow over the crypto industry, raising questions about its stability and reliability. It's reminiscent of financial manias of the past, where big personalities, questionable loans, and overnight collapses were the norm.
Regarding the financial aspects, if you're dealing with cryptocurrencies and need to exchange them, there are platforms that offer a convenient solution for converting Advanced Cash to Skrill, providing flexibility in managing digital assets. While the recent events have certainly shaken confidence in the crypto industry, there's still a slim chance that genuine innovators can drive meaningful advancements.

I've been following the ups and downs of the crypto world, and it's truly been a rollercoaster ride, hasn't it? It's fascinating how these technologies can hold so much potential but also lead to such complexity and uncertainty. The collapse of FTX is a stark reminder of the risks involved in this space.
I've heard about Ethereum Code, and while I'm no expert, I believe it's important to tread cautiously and do thorough research before diving into any investment opportunities. The analogy to quantum mechanics is pretty spot-on – there's a mix of excitement and confusion swirling around, making it hard to grasp the full picture.

It all depends on how you look at this situation. Actually, this is not the first crisis that blockchain and crypto are going through. Blockchain technology has been created by smart but not fools. So I think there's no reason to believe such assumptions. I'm a trader, and I never stop checking the best crypto trading signals to ensure positive dynamics in BTC growth. Btw, Bitcoin is a great example of cyclicality. It's crashed several times, and it's always managed to get away with it. So, guys, wait, and don't put all your eggs into one basket.

It has always been a scam to me from day one it appeared.

I expect the block chain technology to survive this. People were wrong to buy crypto as a reserve currency /asset. Bitcoin's value proposition is not that it's a stable reserve currency but that it's decentralized. I don't understand much about it, but crypto currencies will probably be survive and find their own niche uses.

Yep, blind hatred is a bitch.

Damn blind hatred of what I been through having to deal with Nazis since I was young ,just made me reply to the wrong post lol .. oh well ..

At least I don't support Nazis

I know I could be wrong and to stay vigilant, Putin could be just playing a part ,or he is being real .. I like to think he is real but could be wrong... But fuck Nazis!!!!I fucking dealt with them ,they have fucked our nation up !! 200k of them got SSI checks til 2006 ... You stupid fucks don't know this though. You don't know shit about anything!!

I was held back two years in kindergarten because of the Nazis that were let into my nation..

Had a teacher in 7th grade , make me take a picture book test ,claimed I couldn't go further and put me in 3rd grade reading!

I was of course put in the" Time out room "

And I fucking stormed out and went to the vice principal and he was rational! Luckily!

I took a real test and was in tenth grade reading not 3rd !!!

Fuck you!!!!!!!

You have no idea!!!!!!!!who you are dealing with,I'm not talking about me!! You got no fucking clue what's been happening!!

If Russia set me up to live there and they made marijuana legal , I would do great things for that nation ... They deserve my talent.. at least they appear to more so than what I have witnessed here, have ever seen Putin speak? He way more rational and logical than Obama and all the rest.. he actually fucking cares,he comes from a family that wasn't fucking rich and fuck .. his dad was a factory worker... Fuck you

Crypto is gypto. Just my opinion but it sums it up nicely.

I have been expecting something like. It was only a matter of time.

It might just simply be a temporary pause until quantum computers become more prevalent.

I want to start off by saying, I have resisted Crypto like the plauge. I am a democratic socialist in how I veiw economics. Everything about crypto has screamed fraud and scam since it was intorduced. In a perfect utopian world currencies would not have a value and there would be no need to deal with it ever. However, that is far from the case.

Human beings have an eye for things that glitter as it were. Anything that can give one of us an edge over another is considered valuable, and thus we use it to influence situation to clamber our way to the top of the heap. I am not saying this as (you) or (me) personally, and it is not an attack on an individuals character. Instead it is the onservable and proovable trait of the human race in general. In fact, nearly every single person alive today has some sort of item or money that they value or treasure. Masses of people either are controlled by its influence, or are commanded by those who influence enforcement of their will upon people via use of currencies or promises of some sort of compensation. Most of the worlds 8 billion people fall under some sort of arrangement in which their existence will be highly influenced by a currency of some sort.

Block chain aka crypto currencies are different in the way they operate. The transaction, the records kept, and the security of it. Despite all of this, the crypto currency is virtually worthless. It is literally a value assigned to a token which does not exist in the real world and thus is as real a any deity that has ever existed. However, the US dollar, for example, used to be based in value attached to the price of gold held in reserve. Hince the name "Federal Reserve Note" that was guarenteed by the government to be worth that amount. The Fed took measures to detatch the Dollar from gold and base the currency instead off of market values and credit. This literally means that all the money in the US, for example, is no greater than the value of a piece of crypto currency. It is not based on anything tangible. The Fed prints money and culls money on strategies designed to keep stable the market values but the dollar is literally brought into existence from thin air.

Some nations in Africa have started returning to a gold standard currency because of its stability. Could gold plummet? Sure! Anything can. The whole point is, we place value on objects, minerals, commodities, and labor. If it exist, someone has a price on it somewhere.

In capitalism, we assign value on capital assets. Labor is not usually placed high on the value list to a capitalist because the whole idea is to exploit the labor to maximize your capital gains. If you can get the labor for free( example; self checkout lines in your local walmart or any other business), then that means the company does not need to pay labor to an individual to complete the transactions, thus cutting labor in favor of more capital for the company.

Conversely, in a democratic socialist system, the imphasis is shfited to the worker not the company. Worker coops are used to decide the labor cost and distribution of the capital which is generated. This generally works out better than a CEO down system because the laborers decide how the money is divided and what, where & how the product or commodity is produced. They are not likely to shaft themselves on the labor side of it. Instead they usually opt for better pay and better hour with more than enough to cover the overhead of said business. Block chain in this setup could work in theory. It would have to be made the predominent form of currency with a democratically decided value.

Not likely to see a democratically decided financial setup in todays world economy. Nobody can come to terms with a value that would be as equal in value in say China to Australia through the EU to the US. Block chain unfortunatly cannot provide a stable clear means to economically supply all sectors of the world. Until that day comes, capitalism and the greed that is often supreme in that system will continue to dominate the money markets.

I for one, am glad to see the crypto market crash and burn. I have seen too many people get duped and scammed through this aweful technology. For the same reason I never trusted 401k from employers. They were grossly mislabled as retirement investments. They never were intended for that. They were a way for a man to play the stock market game with a matched investment in may cases by an employer to drive up market participation. These investments were considered low risk and did not provide a lot of growth. However, with the recent volitility in the markets from 2000, 2008, and again with the covid downturn a lot of people lost hundreds of thousands of dollars in which they had spent most of their life building, in a single downturn.

In summary, nothing is failsafe or completely idiot proof. However, systematic changes and regulations go a long way for security and stability. Human beings tend to favor things they can touch, feel, and hold in their hands over something left to thin air and the word of someone else whom they may have never even met. Forever shall be the quandary amoungst us all in what is more valueable.

Two of my co-workers have invested over 40K in Crypto. Both of them are in their early 20's (more than half my age), both live at home, and everything is taken care of for them, phone, food, gas, etc. They aren't sweating one bit, in fact both of them are buying more Crypto, in hopes that after the recession, they'll make a killing. And, even if they don't, they are young enough to bounce back.
Can't imagine dropping 40K in Crypto at my age and seeing it all dwindle.

Many people with more money than caution, and a few greedy people made crypto possible.

Many people with a need for a creation myth, an untested expanding universe hypothesis, a mathematician, a fear of the Soviet Union's 1961 weapon in orbit, and billions of taxpayer dollars and euros, made the fusion power fantasy possible. And just for fun, add relativity.

It would seem to be the end for them, although they did have a good run.
Yeah, I agree. Crypto did appear to me to be a scam too.