SirMickeySmoove
Pro
What stocks r u talking about? We are in a bear market, most stocks, esp tech ones are super low its almost a firesale.
Crypto Is Crashing The Next Downward Movement Will Be Detrimental Another FTX Coming
- Thread starter gonnagetit
- Start date
This interview with Sam Bankman-Fried is amazing. Basically:
1. He keeps making excuses for why he lost everything
2. He keeps claiming that he didn't invest deposited funds when he clearly did
3. He says that everyone else does worse stuff than him and he's just the unlucky one who is being unfairly treated
4. Argues that regulators are crap and don't help anyone, financial ethics is bullshyt, almost anything good or PC he said in the past was just for PR
www.vox.com
1. He keeps making excuses for why he lost everything
2. He keeps claiming that he didn't invest deposited funds when he clearly did
3. He says that everyone else does worse stuff than him and he's just the unlucky one who is being unfairly treated
4. Argues that regulators are crap and don't help anyone, financial ethics is bullshyt, almost anything good or PC he said in the past was just for PR
Sam Bankman-Fried tries to explain himself
The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
www.vox.com
I don’t blame people for getting into it. The hype was on another level and once they got celebrity endorsements it was a wrap.
Chrishaune
Veteran
this is a lesson, buy tangible assets. Invest what you don't mind losing online.
beenz
Rap Guerilla
outside of a little of google, amazon and appl, I RARELY invest in tech stocks. for me, all of those are up tho. I got apple years ago when it was much lower. amazon and google, I bought like 2 weeks ago when the market was in the fukking crapper, and they have both gone up since then.
DJIA has gone up 6000 points since september 30th lows.
when I buy shyt, I plan on holding it for years. I just continuously buy shyt I find value in and hold it and continue to add to the portfolio when I had extra money.
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Yes put it on a wallet.
In The Zone '98
Superstar
Had 90Gs on Gemini this summer, pulled it when shyt started getting spooky, & now they're pausing withdrawals
Imagine leaving your $ on there for like 6% yield when treasuries are doing 4%.
What brought success for you these last couple years?
Once again for the slow folks out there. You make your money when markets are down not when you buying at all time highs. This is the best time to DCA in Bitcoin and ETH. Same with the stock market this is the best time to DCA into blue chip stocks and the S&P 500 Index funds. Your older self will thank your younger self in the next 3 to 5 years.
beenz
Rap Guerilla
obviously not. I'm not fukking warren buffet over here, but it is equity none the less. that much is an undisputable fact
beenz
Rap Guerilla
don't no one care about them packets and voting. I just wanna collect my dividends and see the company value appreciate over the long run.
This is another lesson, it's better to remain silent and appear stupid then open your mouth and remove all doubt.
This is has nothing to do with assets, or crypto
He never had any crypto in the first place, the company was a scam, not the crypto currency, the fact you can't understand that shows your lack of understanding about what these things are.
People used his exchange thinking they were buying crypto and etc, but really he was just running a ponzi scheme and never had any assets to sell on the exchange
Chrishaune
Veteran
Yessir. I don't know how people aren't loading up on Amazon right now
If it doesn't exist why are they using cryptos for the next phase of banking through Swift