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Forum » Blockfi exploring bankruptcy filing now
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Thread: Blockfi exploring bankruptcy filing now

post 1671200033 11-16-2022, 05:30 AM
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#1
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Blockfi exploring bankruptcy filing now

Only a matter of time until this hits coinbase.

Boyos now is the time to take all money and coins off ALL exchanges.

Last chance before it gets bad.
post 1671200083 11-16-2022, 05:31 AM
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#2
  1. phaginator
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Bitcoincels on suicide watch
post 1671200393 11-16-2022, 05:40 AM
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How do I buy ze bitcoin without coinbase onramp?
post 1671200413 11-16-2022, 05:40 AM
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#4
  1. Kiop
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r/buttcoin
was r8 after
all
post 1671201953 11-16-2022, 06:17 AM
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#5
  1. Destor
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Was watching an interview with Scaramacuccinini where he said CZ from Coinbase might have been the person who pushed the first domino over after SBF and he went to the Middle East, SBF made some comments about CZ in the meetings, they got back to CZ, and he hit FTX wiht $500million in FTT or whaterver
post 1671202053 11-16-2022, 06:20 AM
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#6
  1. DontbeSwak
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Originally Posted By Destor⏩
Was watching an interview with Scaramacuccinini where he said CZ from Coinbase might have been the person who pushed the first domino over after SBF and he went to the Middle East, SBF made some comments about CZ in the meetings, they got back to CZ, and he hit FTX wiht $500million in FTT or whaterver
CZ from Coinbase, strong sources
I'll globe you

Likes all miscers instagram posts crew

Thought I was 6'3 but actually 6'4 crew

Engineering crew
post 1671202203 11-16-2022, 06:22 AM
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#7
  1. Evolutionary1
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just hodl. to the moon!
post 1671202343 11-16-2022, 06:25 AM
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#8
  1. OffwhiteBrah
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October was scam month, November is the CEX killer month , can’t wait for all these crooks and scammers to exit so that we can be left with crooks and scammers who are better at their jobs.
post 1671202573 11-16-2022, 06:30 AM
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#9
  1. Destor
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Originally Posted By DontbeSwak⏩
CZ from Coinbase, strong sources
Watched it last night, I'm parsing from memory and don't know/care much about crypto

I'm pretty sure he was talking about CZ, whichever company he runs
post 1671202793 11-16-2022, 06:37 AM
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#10
  1. OffwhiteBrah
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Genesis halts withdrawals , another one on the brink boyos ?

https://www.coindesk.com/business/20...-ftx-collapse/
post 1671203493 11-16-2022, 06:52 AM
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#11
  1. SuperHercules
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Originally Posted By Kiop⏩
r/buttcoin
was r8 after
all
chitcoin is better
See Shakebrah's sig
post 1671203543 11-16-2022, 06:54 AM
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#12
  1. SuperHercules
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Originally Posted By OffwhiteBrah⏩
Genesis halts withdrawals , another one on the brink boyos ?

https://www.coindesk.com/business/20...-ftx-collapse/
I told people this for years on the Misc. These crapto scammers will block you from getting your money when the house of cards starts to collapse
See Shakebrah's sig
post 1671204093 11-16-2022, 07:10 AM
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#13
  1. chrsschb
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The bigger exchanges (Binance, Coinbase, etc) won't be going anywhere because of financials, but the US-based ones will eventually get slapped by the SEC/US Gov. Bank on it.
|| MFC || C7 Crew || Trance & Techno Crew ||
post 1671204383 11-16-2022, 07:17 AM
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#14
  1. keyboardworkout
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crypto.com is next

Binance and Coinbase will be the only two exchanges left standing.
▪█─────█▪ Equipment Crew #53 ▪█─────█▪
^^^^^^^ 6' 6" and Over Crew ^^^^^^^
------------- No Vax Crew ----------------
post 1671204713 11-16-2022, 07:28 AM
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#15
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imagine holding your tokens on centralized exchanges. Just lol
post 1671205103 11-16-2022, 07:38 AM
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#16
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Originally Posted By chrsschb⏩
The bigger exchanges (Binance, Coinbase, etc) won't be going anywhere because of financials, but the US-based ones will eventually get slapped by the SEC/US Gov. Bank on it.
If there is a moderate crypto bank run on coinbase, they will halt withdrawals. This will cause even more panic as everyone scrambles to get coins out of the system.
post 1671205303 11-16-2022, 07:43 AM
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#17
  1. chrsschb
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Originally Posted By kengriffeyjr24⏩
If there is a moderate crypto bank run on coinbase, they will halt withdrawals. This will cause even more panic as everyone scrambles to get coins out of the system.
So no different than say Robinhood? Gotcha.
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post 1671205503 11-16-2022, 07:47 AM
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Originally Posted By truesteez⏩
imagine holding your tokens on centralized exchanges. Just lol
Finally put all mine on a cold wallet yesterday. Dude at Best Buy said wallet sales been pretty hot when I bought it.
post 1671205543 11-16-2022, 07:49 AM
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#19
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Originally Posted By ProudKraut⏩
How do I buy ze bitcoin without coinbase onramp?
Buy now and get your coins off the exchange as soon as possible. IMO this is the modern equivalent of the gold confiscation of the 30s, inbred elites don't want the common man to own any crypto. This is all planned...
#
post 1671205703 11-16-2022, 07:52 AM
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#20
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explain to me like im retarded - why would coinbase going bankrupt restrict access to any chitcoins I have bought on it. Aren't those coins mine?
mo e
post 1671205843 11-16-2022, 07:54 AM
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#21
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Funny how the economy begins to crash JUST after the midterms.
post 1671205923 11-16-2022, 07:56 AM
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#22
  1. truesteez
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Originally Posted By mulletwarrior⏩
explain to me like im retarded - why would coinbase going bankrupt restrict access to any chitcoins I have bought on it. Aren't those coins mine?
nope. Not your keys, not your tokens.

If you don't have it on cold storage, it's not yours

Get a ****** or ledger ASAP, at the very least.
post 1671206093 11-16-2022, 07:59 AM
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#23
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Originally Posted By bchap05⏩
Finally put all mine on a cold wallet yesterday. Dude at Best Buy said wallet sales been pretty hot when I bought it.
Good move.

People shy away from wallets because they don't want to be responsible for their own money or are unable to understand how they work but it's the only way to truly own your tokens. Just wait until banks start freezing funds or having capital restrictions. It's the same concept as what happened in crypto - exchanges were staking or lending out people's tokens so when people wanted to withdraw, they couldn't support it. Same with banks. Less than 30% of money is actual paper. If more than 30% of people want to withdraw, banks will be faced with the same scenario.

Just make sure you write down your phrases on paper and never store them digitally or share them.
post 1671206193 11-16-2022, 08:02 AM
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#24
  1. SouthDakotaBrah
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Originally Posted By chrsschb⏩
The bigger exchanges (Binance, Coinbase, etc) won't be going anywhere because of financials, but the US-based ones will eventually get slapped by the SEC/US Gov. Bank on it.
Keep in mind FTX was backed by SoftBank (aka unlimited amounts of money)

I really don't want to sell my chitcoins (only hold BTC and ETH atm anyways) but FTX going down is a very bad sign for everybody
post 1671206633 11-16-2022, 08:08 AM
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#25
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Originally Posted By mulletwarrior⏩
explain to me like im retarded - why would coinbase going bankrupt restrict access to any chitcoins I have bought on it. Aren't those coins mine?
Not if they aren't cold brah
post 1671206703 11-16-2022, 08:09 AM
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#26
  1. jamalfudge
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Originally Posted By mulletwarrior⏩
explain to me like im retarded - why would coinbase going bankrupt restrict access to any chitcoins I have bought on it. Aren't those coins mine?
Originally Posted By truesteez⏩
nope. Not your keys, not your tokens.

If you don't have it on cold storage, it's not yours

Get a ****** or ledger ASAP, at the very least.
This. Exchanges, just like they do with online stock platforms, sell the same coin/token/stock to many people. Unless you have an on-chain transaction with your coins in a separate wallet, they can yeet your account whenever they want.

I might suggest you don't need to buy a ******/Ledger. You can use an old phone, factory reset it, put a fresh-new login for it and use Exodus.
Originally Posted By GuineaDago585⏩
Funny how the economy begins to crash JUST after the midterms.
Like clockwork.
#
post 1671206813 11-16-2022, 08:10 AM
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#27
  1. chrsschb
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Originally Posted By SouthDakotaBrah⏩
Keep in mind FTX was backed by SoftBank (aka unlimited amounts of money)

I really don't want to sell my chitcoins (only hold BTC and ETH atm anyways) but FTX going down is a very bad sign for everybody
FTX popped up during the crypto boom (first red flag), not based in the US (second), and attracted way too much attention way too fast (third).

Sounded like a scam, looked like a scam, went down like a scam. I'm good.
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post 1671207053 11-16-2022, 08:14 AM
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#28
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Originally Posted By SouthDakotaBrah⏩
Keep in mind FTX was backed by SoftBank (aka unlimited amounts of money)

I really don't want to sell my chitcoins (only hold BTC and ETH atm anyways) but FTX going down is a very bad sign for everybody
Same about holding. I'm holding 4.5 ETH, and I'm now putting in a few hundred dollars a month into Bitcoin.
post 1671207123 11-16-2022, 08:15 AM
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#29
  1. Destor
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Owning tokens in a cold wallet might not help much if said tokens plummet in value, are delisted, or just still can't be exchanged for fiat $$$ down the road

This ain't quite like stacking cash in your mattress
post 1671207323 11-16-2022, 08:18 AM
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#30
  1. Evolutionary1
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Originally Posted By Destor⏩
Owning tokens in a cold wallet might not help much if said tokens plummet in value, are delisted, or just still can't be exchanged for fiat $$$ down the road

This ain't quite like stacking cash in your mattress
this
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