Many companies are going bankrupt one after another in Cripto. So, did you make a profit or a loss?

Question

After the bankruptcy of FTX , BlockFi also announced its bankruptcy yesterday. What do you think about this state of the current situation of Crypto World?

Finchie40 · Accepted Answer

I think the whole crypto thing was just a fad , in the beginning it seemed like it could possibly pan out but the reality of it all it was just smoke and mirror’s especially since the government was trying to get their hands into it which would defeat the whole purpose of crypto currency , No one wants the government to have control over their money and have any control over what someone spends , Most crypto was used for illegal purchases , drugs, prostitution , dark web shit etc. I had a feeling it was going to bomb that’s why I really didn’t invest to much into it , and now I am glad I didn’t

D_Bone_Steak · Accepted Answer

I sold all my fucking crypto as soon as Biden got in. I'm doing great. Trump or DeSantis gets in there then I might buy a whole shit ton of it. Another Democrat though and I'll only look to invest in what they're pushing... for example those shots, I could've made some money in phyzer stock... not sure about their Ukraine stuff, like what? Weapons? Clinton managed to do good financially, but these new Democrats have me wanting to hide my money in holes that I dig in the back yard.

DubiousIntentions · Accepted Answer

I was smart enough to see that London Bridge would come falling down sooner or later, just like most pyramid schemes do. The people that got in early made money. Everyone else lost out in the end.

melanieeeB · Accepted Answer

Nothing, I never believed in crypto to start with and never invested in some shit like that

NewYorkCity · Answer

I am a so called ""crazy crack pot conspiracy theorist"" who was telling people on many different platforms for the past 7 years that Bitcoin was and still IS a trap. Everyone laughed at me, they ridiculed me and even terminated my YouTube and Reddit accounts, but now people lost and ARE losing hundreds and some are even billions of dollars. Now, these so called ""smart people"" get exactly what they deserve for their pride and ignorance.

abc3643 · Answer

I was smart enough to know that crypto was horseshit from Day One.

Anyone who understands human nature would realize that. However, too many people were ignorant or emotionally compromised with either greed or "FOMO" (Fear Of Missing Out).

QuadDamage · Answer

Oh the unregulated market of coins is going nowhere. People with money are making a shit ton of it, just like any scenario resolving around money... fascinating and unpredictable right 😂

The Whales are why the sea is salty and exotic right? Or was that never a saying 👍

BeMuse · Answer

Wait until you see how Tether is involved with FTX and the rest of the Deep State and their rebel terrorist operations around the globe... Iran Contra all over again. The Kraken cometh...

jshm2 · Answer

They may be going bankrupt, but they are not losing money. Rather they are escaping government regulation.

That's what you dumbasses don't understand. Crypto isn't the stock market. It's more like luxury wine or fine art dealing. There is enormous profit in the right few things, not in every single thing.

Anonymous · Answer

Out of curiosity, I got into it a few years ago. I made enough to take my initial investment and a nice profit out. It's pure luck, I was just playing.

At the height of the market, I converted most of my assets to USDC. I'm ready to get back in. I'm expecting the market to start moving back up again in the new year.

OddBeMe · Answer

Pretty good loss. Less than it could've been. I pulled a lot out at a spectacularly good time apparently. But a thousand bucks turned into $14. That’s the risk.

I still think crypto has a future. More companies are accepting it as payment and the govt needs to step in as a ref.

Guy13 · Answer

I did not do it as I know the next step derivative when I see it. I did not known that it was a ponzu kind of scheme for Democrat money to exceed allowed amounts for political advertisements though.
This make Enron look like child’s play.

Adam1978 · Answer

Crypto is. a scam from the start so I didn't touch it. Not going to touch it. It's worse than fiat money because it's always a gamble tied to fiat money. So it always a bigger risk and have less value.

dustybiker · Answer

Cartel probably lost a solid money laundering source. They all panic.  @sirderpsalot123 can’t resist relating to that dang show. Especially when sleep deprived.

Red-Blaze · Answer

I personally never got into it, alaways seem really risky for me May how ever xome out on profit as may be able to get a good really cheap GPU soon :)

AviatorTom · Answer

I stayed out of crypto, never sounded like a secure investment, and it has given me right.

EmmaMary · Answer

Once more I find myself repeating the words that  Fools And Their Money Soon Part .

slatyb · Answer

Probably a loss, but it's trifling -- the difference between the electricity consumed and the current value.

USLegionary · Answer

I recognised it for what it was. The world's biggest pyramid scheme to date.

andreasderjuengere · Answer

I always saw it like a ''pyramid game'' for people who don't have useful skills. Happy, to see them die :)

CallmeTheKnight · Answer

Crypto was stable until all of these influencers and gurus emerged. It was predicted that it would collapse and a lot of people lost a lot of money by not knowing anything about the market.

LaineyLuiza · Answer

Crypto is a joke, no assets, no dividends it is just a huge ponzi scheme

HaveNoName · Answer

I never believed in it and never will. When something is made out of fluff, I don't buy it. I am actually delighted to see people losing their wealth invested in Crypto.

888theGreat · Answer

I saw it was a scam from the beginning , so stayed away from it. The US Gov't will outlaw all cryptos in less than a year.

HighValue · Answer

I never invested in FAKE digital currency so it doesn't affect me.

exitseven · Answer

I always knew that this is how it would end up

Googlemyahoo · Answer

Never invested in it. To me it sounded like if I were to invest in world of warcraft currency which now probably has more value then bitcoin.

Surely · Answer

Never understood it and don’t like invisible money that could be hacked!  Here today and gone tomorrow!

Anonymous · Answer

I can't think much of it. I never had money to gamble on cryptocurrencies to begin with. Regretfully it also means i couldn't become one of the cryptomillionaires driving a Ferrari 458 and traveling the world.

LadiesFavoriteToy · Answer

Unnlike you I was looking for another ass to slip my penis into of the same sex. Does that bother you? Maybe you want to join in the fun.

es20490446e · Answer

Do you think that a currency can be worth thousands of times more than the dollar for real?

User3191989 · Answer

crypto is a ponzi scheme. it always was. im glad i never did it

Anonymous · Answer

Unsurprising, the government will soon take control of those markets not like they didn't own them from the start

Cedman · Answer

It's crypto it rapidly fluctuates, being down makes sense.

Anonymous · Answer

Very small loss. Crypto doesn't even make up 1% of my portfolio.

Tommy866 · Answer

I got in initially very early before it was even a thing

Fireguy17 · Answer

neither, I never owned any, so I am just fine.

socair · Answer

went in... got out in time... thank you

genericname85 · Answer

i didn't participate in this scam.

Likes2drive · Answer

Probably not good but economy is not good either

shortster · Answer

I am glad I never got in.

KrakenAttackin · Answer

Finally. Let's get rid of this snake oil.

jimmy2 · Answer

Not me too dangerous as many found out

Anonymous · Answer

Not into Cripto, its too volatile.

Preeti161101 · Answer

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Many companies are going bankrupt one after another in Cripto. So, did you make a profit or a loss?

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Many companies are going bankrupt one after another in Cripto. So, did you make a profit or a loss?

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