FTX Failure Reveals Buying and selling Is Playing – Bitcoin Journal

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

I discover it tragic to notice the quantity of individuals in the usA. who’re being compelled 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 change FTX is the newest instance of why I hate buying and selling and investing, particularly in terms of the sh*tcoin market. Not solely do you bear unbelievable threat as you primarily gamble on the “property” listed, however the entity that holds your cash is playing with it too! Your complete time, you’re trusting a 3rd get together which is simply focused on earning money along with your cash — and never providing you with a good probability buying and selling, whereas they’re at it.

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