Kraken Lays Off 1100 Employees

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hacheman@therx.com
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Screenshot_20221130-125049.png
 

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Crypto is not gonna recover fellas

Not this time....
So what your saying is that crypto is ⚰️ ?

Is that what your telling us @HacheMan


When I seen title I thought you were talking about the NHL's Seattle Kraken
 

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Took it right up the ass with blockfi.

Funny as I was in the middle of putting it all into Gemini. Obviously though I have it all in Gemini earned which is basically the same as having it in blockfi.

Royally screwed.
 

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Crypto is not gonna recover fellas

Not this time....
Bubble that was bound to burst for years. Honestly a little surprised it took this long.

Really hilarious (though kinda sad) watching so many dumb athletes ask for salary in crypto.
 

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Watch dogecoin..Elon hyping it again.
Hype is the reason I stay away from Alt coins...
 

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Handicapper
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Crypto has way too much utility and you will see less exchanges and fringe coins and in the end that’s good for the space… crypto isn’t going to recover?? Eth is at 1300 rn I’m still winning. The shitcoins won’t recover. But they were never going to make it in the first place
 

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We go through almost an indentical cycle approximately every four years. ATH followed by a huge crash. $30 to $2 .............$1000 to $200............$20k to $300...............$20k to $3k................$60k to $15k ....... ?
 

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Handicapper
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We go through almost an indentical cycle approximately every four years. ATH followed by a huge crash. $30 to $2 .............$1000 to $200............$20k to $300...............$20k to $3k................$60k to $15k ....... ?
This used to be correct but that was before the institutional money and the predatory day trading software came into play, the old cycle data and analytics are no longer useful imo bc of this
 

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This used to be correct but that was before the institutional money and the predatory day trading software came into play, the old cycle data and analytics are no longer useful imo bc of this
That's the same thing they say every 4 years. Day trading software was being used in 2013. Institutional money was being invested prior to the start of the 2 latest bear markets and that didn't change a thing. Market crashed even with more money being poured in. Supply created gets cut in half which means that miner's make 1/2 what they were making. The price needs to double just to keep up with that.
 

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it’s not about a price surge it’s about market manipulation and control and the market cycles will not follow the same patterns bc of that, and they haven’t

i would accept that if they have but they haven’t

and regardless of when institutional money started there has never been as much in the market as there is now and that will only grow as they weed out the retail

eventually there will be more predictable market cycles but they will not match the same ones of there past

for the same reasons crypto used to go up when the stock market went down but now is pretty much tethered to stocks
 
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Not related but Amazon is also expected to deliver heavy layoffs to employees.

It's like everyone is copying Elon Musk?
 

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