Look, all of this activity where a business like FTX is taking from one source of revenue to fund a more risky venture goes all the way back to the 1700's with President Ulysses S. Grant and his son, and I'm sure way earlier than that that if you dig hard enough. If you took all the crypto thieves and bundled them up into one package, they still wouldn't be shit compared to Bernie Madoff, who stole more fiat money from more people than you can imagine over a period of decades within an industry that had the most financial oversight in the most capitalistic country on the planet. But you wouldn't look back and say that the entire stock market is invalidated because one man (Bernie) manipulated the fuck out of the system and ended up conning 60+ $Billion out of people. There are a ton of very dedicated, hard-working men and women in the crypto industry that are busting their asses every day to make the system better. So the whole FTX blowup isn't really a crypto problem at all. It's a human problem. Regardless of the industry, there's always going to be someone somewhere who has that perfect storm of events (especially in the early stage of an industry) that create within themselves and within the world around them, a unique situation that begs to be manipulated. And that person has just the right upbringing, just the right connections, and the DNA switches flipped in just the right areas to be able to see those weaknesses in the system and exploit the hell of out them.
Ya got to give credit to these modern day genius crooks, as time goes on they're getting smarter. Madoff bilked $65 billion off thousands of investors over some thing like 30 years, Musk bilked one person, that's himself of $44 billion in about 3 weeks flat.
Baron, I ain't talking about those inside the matrix. I'm talking about the gullible idiots on the outside.
You do realise that you're a retail trader right? And labelling yourself a gullible idiot?...and a 'tard' I believe from an earlier post? I'm going to assume you have shorted all sorts of crypto and have become frustrated with the recent stall at support.I can sympathise as I struggle with trading emotions myself from time to time. If that is not the case,then you are indeed a 'tard'.There is NO reason to comment on another mans trade ideas unless in a constructive manner where a flow of ideas and opinions would be mutually beneficial. Good luck.
It looks like Musk put in about $25Billion of his own money, $13 Billion in debt financing by 7 lenders, and another $7 Billion from around 20 investors, including Larry Ellison, Prince binAlyweed, half a billion from Binance!.. https://www.reuters.com/markets/us/...musks-44-billion-deal-buy-twitter-2022-10-07/
No I am not. All crypto’s should protect you against the loss of your buying power with fiat currrencies. The value of your house has nothing to do with that. You have to take the cost of living. Inflation is the percentage that a big number of items have changed in price. Housing is just a small part of that. You just try to switch the subject again.
First, you never read all my posts so your statement is just BS. To make your statement you should have read all my posts. Second, I posted TWO times very clear signals in this thread and twice I was right. From the first post we went down about 75%. From the second post we went down 25%. If you would have followed my opinion as posted in this thread, your loss would have been approx $ 75,000 less. All your trades are losses, 23 in a row. I think it is not for you to make derogatory remarks about me. Not posting signals is a free choice. I don't feel the need to prove here that I am a good trader. The two posts in this thread were originally intended to encourage you to maybe reconsider and maybe not buy at those times. What you did is a textbook example of what happens when you try to average down the price of your position. Your average price is approx 300% of the current price. Price should more than triple just to get break even. You refer constantly to the past to show how good the return of the investment was. So you use past performance for future result. So to you past performance is a guarantee of future results. That's my point.
Gotta admit bro, I don't know how you managed to pull that call off. Basically at all time highs you nailed a short call. I studied the chart and I don't know how you did it considering you were using a weekly time frame to reach that conclusion. Kudos!