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Old 11-16-2022, 05:09 AM  
SuperBowl4 SuperBowl4 is offline
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FTX Crypto: Tom Brady was in. Were you?
It is rumored that Tom and the ex were heavily invested in the now bankrupt FTX Crypto exchange. -> https://youtu.be/uymLJoKFlW8 <-> How to lose $650 Million in 3 months or less -> Tom's "boy" Sam walks away while Tom is making a video with him https://www.bitchute.com/video/S1ZaoztoQKs/ <-> Tom Brady is never done getting better ->https://youtu.be/xFZqk8k4QwQ <-> Don't miss out on Crypto - Larry David ->https://youtu.be/BH5-rSxilxo <-> Tom Brady wants a trade -> https://youtu.be/frS690KGrlQ
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Old 11-16-2022, 01:04 PM   #31
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Too lazy to go look myself...is it all conspiracy talk?
Why do you think controls all the money and buttcoins in the world???
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Old 11-16-2022, 01:13 PM   #32
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Old 11-16-2022, 01:23 PM   #33
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It's sad actually.

But dot.com bubbles and housing bubbles and stock market crashes are also a thing.

Hard to balance a free market, animal spirits, and consumer protections.

But yeah, I generally stay pretty conservative.
But all of those took literal years of compounding circumstances to happen. As far as I understand, it took one tweet from an investor actually looking into how FTX had virtually no liquidity in it's assets, actually keeping most of it in their own version of crypto, and the whole thing came crashing down on itself as everyone rushed to sell off what they had.
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Old 11-16-2022, 01:39 PM   #34
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Do we think tom brady really lost a lot of money that he earned by cheating at football, or was he merely given a lot of crypto stuff to lend his name to the project, and now he's just out whatever they were nominally valuing that crypto at? The football money is real money. If he was just gifted a bunch of equity that ended up being worth nothing, then it's a loss on paper only.
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Old 11-16-2022, 01:50 PM   #35
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Old 11-16-2022, 01:52 PM   #36
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**** him and the defense he rode in on.
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Old 11-16-2022, 01:54 PM   #37
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Agreed. I recognize that some people have made a lot of money with it, but I think it's purely a timing gamble, and I don't seem to do well with timing gambles.
Hot potato
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Old 11-16-2022, 01:56 PM   #38
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lol. The NFT nonsense will be the least surprising bubble to burst.
Will I get to keep my Destiny custom skins though? My Sims family is worth $1500!
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Old 11-16-2022, 02:22 PM
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Old 11-16-2022, 02:49 PM   #39
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Too lazy to go look myself...is it all conspiracy talk?
Mostly Jew this and Jew that rhetoric.
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Old 11-16-2022, 03:32 PM   #40
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But all of those took literal years of compounding circumstances to happen. As far as I understand, it took one tweet from an investor actually looking into how FTX had virtually no liquidity in it's assets, actually keeping most of it in their own version of crypto, and the whole thing came crashing down on itself as everyone rushed to sell off what they had.
Yes I think crypto is worse and I'm not sure I have the energy to go into it and would veer into DC territory anyway.

I think it is a good thing that SEC regulators resisted pressure to open up the US financial system to the unregulated wild west of crypto.

The US branch of FTX, if I understand correctly, is in better shape?

Going to entirely paperless money where you can't buy food from the grocery store when the internet is down...

Or you can have bank runs in minutes...

Strikes me as less than ideal.

2008 financial crisis didn't really take years from spark to roaring fire.

Sure the bubble was building for a while but the house of cards really only took a couple of months from full crises to first bail out that stabilized things...

And it was only a couple of weeks between Bear Sterns and the first congressional action.
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Old 11-16-2022, 04:56 PM   #41
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I had a buddy spend $40,000 on several of the "Bitcoin mining machines" a couple other guys I know spent 5 grand, 10 grand on them. As of right now, the machines aren't making enough money to justify the electricity it takes to run them lol
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Old 11-16-2022, 05:28 PM   #42
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I had a buddy spend $40,000 on several of the "Bitcoin mining machines" a couple other guys I know spent 5 grand, 10 grand on them. As of right now, the machines aren't making enough money to justify the electricity it takes to run them lol
I put my pc in a mining operation when bitcoin first started up. Worked. After about 4 weeks I had about 8.5 bitcoin. Using too much of my pc power/ram/cpu so I gave them to my buddy in the mining operation. Was worth about $4.25 in total back then.
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Old 11-16-2022, 05:34 PM   #43
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I lose all my crypto gambling in online casinos
Same
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Old 11-16-2022, 05:36 PM   #44
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I have loved watching so many people lose money getting greedy with crypto. A lot of my friends are still in denial and refuse to sell. They think it’s going to bounce back strong somehow. They don’t understand that every ****ing person in the world got suckered into investing in it at the same time so the market is completely watered down at this point.. It’s always hard to admit when you got hustled.
I’ve seen enough tulip/Pets.com/2007 real estate scams to know a bubble when I see one.
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Old 11-16-2022, 05:38 PM   #45
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Do we think tom brady really lost a lot of money that he earned by cheating at football, or was he merely given a lot of crypto stuff to lend his name to the project, and now he's just out whatever they were nominally valuing that crypto at? The football money is real money. If he was just gifted a bunch of equity that ended up being worth nothing, then it's a loss on paper only.
I tend to doubt he put his own $$ in, but he’s a fancy dog, so……
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