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

[gayesblog]

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]

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]

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.

[Daniela1982]

Make sure to make a "treasure map" in your will.

[D_Bone_Steak]

@Daniela1982 😂 that actually sounds like a fun idea.

[DubiousIntentions]

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]

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

[NewYorkCity]

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]

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]

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]

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...

https://www.youtube.com/embed/y6Yesn2jFLU

[BeMuse]

About a year and a half ago I alluded to it... It's about that time...

[BeMuse]

Today:
$83 billion market cap. Accounts for two-thirds of exchanges out of Bitcoin...

[BeMuse]

It's coming...

www.coindesk.com/.../

[jshm2]

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.

[exitseven]

like all ponzi schemes the few people at the top make a ton of money and everyone else takes a bath.

[Daniela1982]

@exitseven I thought that was a pyramid scheme, or are they both the same thing?

[exitseven]

@Daniela1982 Bitcoin was similar. It started out as a way to transfer wealth without any regulations. Once it became and investment vehicle the principles evidently figured out a way to run up the price of Bitcoin and get rich in the process.

[Anonymous]

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]

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]

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]

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]

Cartel probably lost a solid money laundering source. They all panic.

@sirderpsalot123 can’t resist relating to that dang show. Especially when sleep deprived.

[sirderpsalot123]

@dustybiker Apologies 😬

[dustybiker]

lmao All good.

[Red-Blaze]

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]

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

[EmmaMary]

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

[slatyb]

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

[USLegionary]

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

[andreasderjuengere]

I always saw it like a ''pyramid game'' for people who don't have useful skills.

Happy, to see them die :)

[CallmeTheKnight]

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]

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

[HaveNoName]

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]

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.