Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rate Thread
Old 11-12-2022, 05:56 AM   #1
davew
Registered User
 
Join Date: May 2011
Posts: 19,694
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
davew is offline   Reply With Quote Reply
Old 11-12-2022, 10:14 AM   #2
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 79,791
Just so they can make another Hollywood movie....

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...
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 11-13-2022, 12:39 PM   #3
proximity
Registered User
 
proximity's Avatar
 
Join Date: Jan 2008
Location: pen
Posts: 4,366
thank god i wasn't smart enough to get wrapped up in this racket lol.
proximity is offline   Reply With Quote Reply
Old 11-13-2022, 06:54 PM   #4
FakeNameChanged
Registered User
 
Join Date: Jan 2010
Posts: 2,176
Quote:
Originally Posted by proximity View Post
thank god i wasn't smart enough to get wrapped up in this racket lol.
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.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
FakeNameChanged is online now   Reply With Quote Reply
Old 11-13-2022, 09:08 PM   #5
davew
Registered User
 
Join Date: May 2011
Posts: 19,694
US government gives billions to Ukraine
Ukraine invests in FTX
FTX CEO second largest donator to democrat party
davew is offline   Reply With Quote Reply
Old 11-13-2022, 10:01 PM   #6
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 79,791
Quote:
Originally Posted by davew View Post
FTX CEO second largest donator to democrat party
Truth...he was buying protection...let's see if it works
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 11-14-2022, 04:02 PM   #7
davew
Registered User
 
Join Date: May 2011
Posts: 19,694
Quote:
Originally Posted by PaceAdvantage View Post
Truth...he was buying protection...let's see if it works
loose cannon will be Epsteined
davew is offline   Reply With Quote Reply
Old 11-15-2022, 01:28 PM   #8
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,781
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.
Rex Phinney is online now   Reply With Quote Reply
Old 11-15-2022, 07:14 PM   #9
davew
Registered User
 
Join Date: May 2011
Posts: 19,694
the guy's girlfriend and CEO of the crypto trading firm seems like an investing guru ... I would have gave her all my money


https://twitter.com/HowieBTC/status/...own-1815131%2F
davew is offline   Reply With Quote Reply
Old 11-15-2022, 07:20 PM   #10
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 79,791
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
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 11-15-2022, 07:23 PM   #11
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,781
Quote:
Originally Posted by PaceAdvantage View Post
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....
Rex Phinney is online now   Reply With Quote Reply
Old 11-15-2022, 08:02 PM   #12
davew
Registered User
 
Join Date: May 2011
Posts: 19,694
girlfriend says need to be on drugs to appreciate how dumb most people are

https://www.dailymail.co.uk/news/art...e-Twitter.html
davew is offline   Reply With Quote Reply
Old 11-15-2022, 08:58 PM   #13
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 79,791
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.
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 11-15-2022, 10:51 PM   #14
proximity
Registered User
 
proximity's Avatar
 
Join Date: Jan 2008
Location: pen
Posts: 4,366
Quote:
Originally Posted by PaceAdvantage View Post
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, 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?
proximity is offline   Reply With Quote Reply
Old 11-16-2022, 08:18 PM   #15
davew
Registered User
 
Join Date: May 2011
Posts: 19,694
a money laundering scheme to funnel hundreds of millions to democrats ??
and steal from 100,000 to a million investors


davew is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 06:59 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2022, vBulletin Solutions, Inc.
Copyright 1999 - 2022 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.