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Has the FTX Crash Doomed Crypto?

Has the FTX Crash Doomed Crypto?

34 thoughts on “Has the FTX Crash Doomed Crypto?”

  1. Doomed? More like saved! Now people will get PTSD whenever they get that stupid urge to go and dump their decentralized assets into a centralized entity and crawl into a convulsing ball instead.

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  2. The concept and technology of crypto is not affected in any way. If anything, people are realizing the importance of self custody, which is good for crypto moving forward. It is not doomed even if the charts are red af

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  3. I don’t get all these posts about doom and blood on the streets when price didn’t change at all in comparison with price last month.

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  4. It is important to know how to differentiate the reasons why things happen. No, it hasn’t. Even if Binance and Tether crashed, neither if the technology has changed.

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  5. tldr; FTX, one of the biggest crypto exchanges in the world, collapsed last week after its former CEO Sam Bankman-Fried admitted he “fucked up twice.” Felix Salmon, host of Slate Money and Axios correspondent, spoke about how the collapse took a big bite out of crypto’s reputation on the way. “The world smells blood in the water,” he said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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  6. No.

    But this debacle will course correct crypto back to decentralization, after briefly being tempted by high yields from centralized entities, I think we all learned a good lesson…now let’s get back on track.

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