sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 January Lumber Futures (LB) at $414.40 - back to pre-pandemic discount. I wouldn't be surprised to seem them fall below $400 by early 2023. Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 9, 2022 Report Share Posted November 9, 2022 Just now, Jimi said: Binance walks away from FTX acquisition. Issues at FTX are beyond Binance's control. Suggests it wasn't ever liquidity, it was solvency. Crypto is for suckers. did one on those involved actually say it is all a scheme? Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 1 minute ago, Jimi said: Binance walks away from FTX acquisition. Issues at FTX are beyond Binance's control. Suggests it wasn't ever liquidity, it was solvency. Crypto is for suckers. Back to the crypto-prepper bear cave (or pot farm). Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 3600 +/- 100 back in sight. Fire at will! Link to comment Share on other sites More sharing options...
Jimi Posted November 9, 2022 Report Share Posted November 9, 2022 Just now, sandy beach said: 3600 +/- 100 back in sight. Fire at will! Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 Just now, Jimi said: Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 9, 2022 Report Share Posted November 9, 2022 Does History Rhyme(s)......? Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 Bitcoin hit $15,997 after the close - quick build the ark and get the animals ready to board! Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 9, 2022 Report Share Posted November 9, 2022 Just now, sandy beach said: wasn't that usually the other guys line.....😁 (Chris O'Dowd) Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 11 minutes ago, Jimi said: Binance walks away from FTX acquisition. Issues at FTX are beyond Binance's control. Suggests it wasn't ever liquidity, it was solvency. Crypto is for suckers. Wait a second! I do have FDIC insurance on my first $250K invested with them right? Link to comment Share on other sites More sharing options...
Jimi Posted November 9, 2022 Report Share Posted November 9, 2022 Wonder how many firms were funded & founded in the last 2 years around the FTX/SBF/Alameda story. I mean - yeah - the VC's who directly invested in FTX rounds are near-zeroed out. That seems worth about $ 2 billion according to a chart circulating on Twitter. But the chart doesn't capture the likely imminent losses of companies staked on the strength of FTX/Alameda. I know an FTX/SBF acolyte: very smart guy with long history in finance, who was telling me over summer about how SBF was a genius who was going to take over finance... he was "the future." I smiled & nodded. Point is, a very very large number of people were taken in by this story. The indirect fallout from this remains ahead. Link to comment Share on other sites More sharing options...
Jimi Posted November 9, 2022 Report Share Posted November 9, 2022 1 minute ago, sandy beach said: Wait a second! I do have FDIC insurance on my first $250K invested with them right? Read something on Twitter - DYODD - that suggests FTX changed its terms of service at some point in the last year that negated account holder's implicit ownership/rights to deposits. I couldn't believe it, but I saw it... may be someone goofing. But the Binance statement also intimates some measure of wrong-doing, which suggests to me acting on that change in ownership/rights. UFB. Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 2 minutes ago, Jimi said: Read something on Twitter - DYODD - that suggests FTX changed its terms of service at some point in the last year that negated account holder's implicit ownership/rights to deposits. I couldn't believe it, but I saw it... may be someone goofing. But the Binance statement also intimates some measure of wrong-doing, which suggests to me acting on that change in ownership/rights. UFB. Got popcorn? Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 9, 2022 Report Share Posted November 9, 2022 As seen on the web........ Uber has no cars Airbnb has no real estate FTX has no crypto This is the new economy......... or according to "Mando".........This is the way 🤢 Link to comment Share on other sites More sharing options...
sandy beach Posted November 9, 2022 Report Share Posted November 9, 2022 Link to comment Share on other sites More sharing options...
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