A “bank run” is currently taking place on Bitcoin exchanges, where investors are withdrawing their funds in large numbers. This is due to concerns about the security of the exchanges and the potential for a market crash. As a result, the prices of Bitcoin have been volatile and the exchanges have been struggling to keep up with the demand for withdrawals.
#Bank #Run #bitcoin #exchanges #happening
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I understand what you are saying, but I would like to hear your explanation in more detail to ensure I fully comprehend the meaning. #Rookie
who the hell deposited into FTX?
how is ftx there????????
That’s barely more than 1% drop…I wouldn’t call that a “bank run”. Overstatement.
That’s not a bank run yet. Let’s see what happens next week and grab some popcorn
LMAO. This is less than 1% of all BTC on exchanges. That is not a “bank run”.
It’s 16,000 out of 2m.
It’s a drop.
Not your keys, not your coins
The fact that FTX is on this chart is funny
Where can I see this data ?
people are getting their coins off exchanges ❤️❤️❤️
Is it easy to move to ledger?
people withdrawling .01% collectively from an exchange on a negative day is not a bankrun. and posting stuff like this so you can get a lot of upvotes because its a hot toppic, when you could start an actual real bank run is dangerous.
It’s more amazing people still have BTC on exchanges at this point!
It’s not tho. this is the basic ebb and flow. While it is good to get zee coins off of exchanges this is no run.
Also, I think BTC will be seen as a safe asset when the banks really start to fall. *Remember* my words
I didn’t have much on my CashApp but this post made me throw it in my wallet. Thanks for the heads up
It was about time. How many times people need to be lied before they learn.
is cash on an exchange safe? i want to buy btc when it falls, but is waiting with cash on an exchange now dangerous?
Just wanted to understand that what’s main reason not to keep coins on exchanges? One risk I could think is of exchange getting hacked. Sorry for silly question but new to this space.
So is Bitfinex alright?
After all this crap goin on, I’m becoming way way more of a BTC maxi. I just saw a post where someone signed a malicious smart contract from his hard wallet and lost his life savings of $250k.
The more I think about it, BTC was created to solve the money problem and to be your own bank. Keep it simple and stack sats. We don’t need all the mumbo jumbo til it’s actually figured out and safe. If it ever even is.
This is good but if you report these flows as a % of the total, it is **not** a “bank run”.
Does this mean price go up or down?
After Mount Gox, Celsius and FTX, how can anyone stomach holding their bag on an exchange?
I can’t login to my Coinbase account. 2 days ago it said you just can’t log in now. But don’t worry your funds are safe. Yesterday and today it won’t accept my authenticator codes
What exactly does “bank run” stand for?
The FED will just print more USD and bail out big banks. Problem solved. 😂
opportunities on the way to pick additional coins
(grabs popcorn)
I moved my coins(sats) from Binance to Trezor 3 weeks back.
i like how they now call them bitcoin exchanges……..what happened to crypto exchanges….lol
how does FTX have 4 bitcoin? lmao
What is an exchange? 🙂
You never want to be the last in line when this happens.
This sub cracks me up ahaha
Can y’all just admit you fucked up and didn’t win
This post is separating smart crypto investors from dumb crypto noobs lmao.
“Bank run” lol
It’s 0.87% that got withdrawn calm down.
A real PoR
There’s a scene in punch drunk love where Adam Sandler is running away from these dudes that beat his ass and stole his wallet. They catch up to him and yell out “why you running? We already know where you live.” I get this sentiment from looking at these outflows.
Where ya going? SVB or Boston?
Hey, FTX is up!
Is Strike considered an exchange?
3.99 in FTX xD