25 sats \ 5 replies \ @BlokchainB 7 Nov 2022 \ on: Get your money out of FTX NOW bitcoin
When I was shit coining i used to hold all the exchange tokens! BNB KCS were my biggest bags. The while listening to the TFTC pod Odell made it clear these tokens can go to zero at any time. Can be frozen at any time. It shook me up and I liquidated everything to BTC and haven’t looked at another exchange token ever again.
I don’t agree with everything Odell says but give him all the credit for saving me with having huge bags of exchange tokens
Every altcoin is a scam.
Crypto is winner take all.
Bitcoin won long ago. There are no contenders whatsoever.
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there is no second best!
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We're watching Ethereum be captured in real time. So exciting to watch. So depressing knowing so many end users are getting absolutely railed. This statement becomes more true as time goes on. (It gets worse).
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When you were holding the exchange tokens, what made you think they were a good idea? What did odell say that convinced you otherwise? I’m always curious about what people think when they get into different tokens
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Just to make more fiat dollars. I was thinking if Binance and KuCoin become major players buying this token at $6 dollars today I can 1,000x my money once they become huge. Plus KCS had a roadmap how they were going to create value for the KCS token.
Then Odell was just passionate about how you can lose your money at anytime at no fault of your own. Really made it clear that these tokens can be turned off/frozen at any time and you be out whatever money you put in plus any gains. Just really made me focus on why bitcoin is more than just getting more fiat.
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