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-   Off Topic - Trading The Financial Markets (http://www.paceadvantage.com/forum/forumdisplay.php?f=96)
-   -   crypto exchange FTX collapse (http://www.paceadvantage.com/forum/showthread.php?t=173335)

davew 11-12-2022 04:56 AM

crypto exchange FTX collapse
 
a couple BILLION missing of customers funds


looks like shuffled to crypto trading losses

https://www.dailymail.co.uk/news/art...X-sources.html

PaceAdvantage 11-12-2022 09:14 AM

Just so they can make another Hollywood movie....:lol::lol::lol:

It's amazing how corruption repeats itself over and over and over again, and people KEEP falling for it...

I guess it explains voting patterns as well...or counting patterns...:pound:

proximity 11-13-2022 11:39 AM

thank god i wasn't smart enough to get wrapped up in this racket lol. :faint:

FakeNameChanged 11-13-2022 05:54 PM

Quote:

Originally Posted by proximity (Post 2841126)
thank god i wasn't smart enough to get wrapped up in this racket lol. :faint:

I read on Twitter that Kevin O'Leary, Mr. Wonderful on Shark Tank had a LOT of money invested in FTX. I hope they interview him on CNBC this week to see what he thinks of that now. I admit to thinking he's usually pretty sharp on what he invests.

FTX, nor the cypto's in general didn't pass the Enron smell test to me. i still think that digital money is here to stay, but they need more regulation or big banks/financial institutions' involvement. I know that will kill a lot of the appeal for young gen z investors. When Jamie Dimon of J.P. Morgan gets on board, I'll take another look.

davew 11-13-2022 08:08 PM

US government gives billions to Ukraine
Ukraine invests in FTX
FTX CEO second largest donator to democrat party

PaceAdvantage 11-13-2022 09:01 PM

Quote:

Originally Posted by davew (Post 2841219)
FTX CEO second largest donator to democrat party

Truth...he was buying protection...let's see if it works

davew 11-14-2022 03:02 PM

Quote:

Originally Posted by PaceAdvantage (Post 2841222)
Truth...he was buying protection...let's see if it works

loose cannon will be Epsteined

Rex Phinney 11-15-2022 12:28 PM

My wife, who is usually not very financially astute, heard about this and and described it as such "took people's real money, gave them candyland money in exchange and then spent all the real money"


Pretty basic scheme. I guess Crypto is easier to understand than we were told.


People investing in Crypto are f*cking morons. And they deserve to lose every dime.

davew 11-15-2022 06:14 PM

the guy's girlfriend and CEO of the crypto trading firm seems like an investing guru ... I would have gave her all my money :lol::lol:


https://twitter.com/HowieBTC/status/...own-1815131%2F

PaceAdvantage 11-15-2022 06:20 PM

don't use stop losses is the mantra of every person who blows out their account...ever...

I would RUN if I ever heard that...that's unreal...that wasn't real, right? LOL

Rex Phinney 11-15-2022 06:23 PM

Quote:

Originally Posted by PaceAdvantage (Post 2841613)
don't use stop losses is the mantra of every person who blows out their account...ever...

I would RUN if I ever heard that...that's unreal...that wasn't real, right? LOL


It is real, I've seen the clip played on several big media outlets. CNBC etc.


The more risk you take on the less you need stop losses. Everyone knows this....

davew 11-15-2022 07:02 PM

girlfriend says need to be on drugs to appreciate how dumb most people are

https://www.dailymail.co.uk/news/art...e-Twitter.html

PaceAdvantage 11-15-2022 07:58 PM

He's no prize...but damn...when he was rolling in it, he sure could have done better...

That right there is a 5-alarm warning to run away from his awful decision making skills.

proximity 11-15-2022 09:51 PM

Quote:

Originally Posted by PaceAdvantage (Post 2841649)
He's no prize...but damn...when he was rolling in it, he sure could have done better...

That right there is a 5-alarm warning to run away from his awful decision making skills.

:lol:

lol, although outside of paceadvantage (where everyone is like a navy seal officer with a phd) anything under 200 lbs is a decent catch these days. biden era body-positivity maybe? :D

davew 11-16-2022 07:18 PM

a money laundering scheme to funnel hundreds of millions to democrats ??
and steal from 100,000 to a million investors :eek:




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