Friday, November 25, 2022
HomeBitcoinFTX Failure Reveals Buying and selling Is Playing - Bitcoin Journal

FTX Failure Reveals Buying and selling Is Playing – Bitcoin Journal

That is an opinion editorial by Mark Maraia, an entrepreneur, writer of “Rainmaking Made Easy” and a Bitcoiner.

I discover it tragic to notice the variety of individuals in the usA. who’re being pressured by the Federal Reserve’s financial coverage to take dangers with their hard-earned capital. These of us lucky sufficient to already possess wealth are shopping for overpriced houses, overpriced shares, overhyped cryptocurrencies — and bitcoin. To cite Senator Lummis amongst others, “Thank God for bitcoin.”

The collapse surrounding the centralized alternate FTX is the newest instance of why I hate buying and selling and investing, particularly on the subject of the sh*tcoin market. Not solely do you bear unbelievable danger as you basically gamble on the “belongings” listed, however the entity that holds your cash is playing with it too! The complete time, you might be trusting a 3rd get together which is just desirous about getting cash together with your cash — and never providing you with a good probability buying and selling, whereas they’re at it.

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