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  1. #326
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I come to SpursTalk after so long away and see my name mentioned (erroneously) - LOL. FYI, I haven't bought bitcoin since back in 2015 when it was in the $400-800? range. I have been buying ethereum recently though. And I would never buy NFTs.

    NOW is the time to buy practically any asset (not real estate yet - that'll be next).
    nothing erroneous. You were recommending this in 2021... and you were wrong...

    Crypto is here to stay - as long as there is PERCEIVED value and therefore demand for it. At this point, there is too much invested in it - whenever bitcoin (or ethereum) falls a bit, the money comes in to buy them.

    Now, don't we wish ETH would fall back to $1700s so we could buy more :-)

  2. #327
    right about pizzagate Blake's Avatar
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    Lol it's in the 1300s. She must be buying it up by the truck load

  3. #328
    dangerous floater Winehole23's Avatar
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  4. #329
    right about pizzagate Blake's Avatar
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  5. #330
    Still Hates Small Ball Spurminator's Avatar
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    Bitcoin whales bought entire campaigns so the masses would help them offload their overpriced Bitcoin. Pretty genius.

  6. #331
    Savvy Veteran spurraider21's Avatar
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    ive been saying this has always felt like a big pump and dump

  7. #332
    dangerous floater Winehole23's Avatar
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  8. #333
    dangerous floater Winehole23's Avatar
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  9. #334
    Believe.
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    Uh oh. There goes Joe’s second biggest donor.

  10. #335
    dangerous floater Winehole23's Avatar
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    Uh oh. There goes Joe’s second biggest donor.
    easy come easy go.

    are you an 8chan guy?


  11. #336
    dangerous floater Winehole23's Avatar
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  12. #337
    dangerous floater Winehole23's Avatar
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  13. #338
    Believe.
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    easy come easy go.

    are you an 8chan guy?

    I'm not sure what 8chan is or what you are getting at. I know I joked about Joe's donors but I'm fairly certain most of our government leadership, right or left, doesn't give a second thought about the average American citizen. Most of them go there to enrich themselves by whatever means necessary. I'm sure there is money to be made regardless of what side of the aisle you sit as long as you turn a blind eye to the distasteful parts of whatever the lobbyist needs. I'm pretty disillusioned with all of it at this point. I'd be all for term limits but the people that have to approve them are the people that don't want them.
    Last edited by steak n eggs; 11-11-2022 at 12:50 PM.

  14. #339
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    The criminal collapse of FTX is spreading contagion to other crypto operators

  15. #340
    Veteran SpursforSix's Avatar
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    I'm not sure what 8chan is or what you are getting at. I know I joked about Joe's donors but I'm fairly certain most of our government leadership, right or left, doesn't give a second thought about the average American citizen. Most of them go there to enrich themselves by whatever means necessary. I'm sure there is money to be made regardless of what side of the aisle you sit as long as you turn a blind eye to the distasteful parts of whatever the lobbyist needs. I'm pretty disillusioned with all of it at this point. I'd be all for term limits but the people that have to approve them are the people that don't want them.
    Agree with this. At the end of the day, politicians are the same as most people. Take care of yourself first.

  16. #341
    Still Hates Small Ball Spurminator's Avatar
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    I'm not sure what 8chan is or what you are getting at. I know I joked about Joe's donors but I'm fairly certain most of our government leadership, right or left, doesn't give a second thought about the average American citizen. Most of them go there to enrich themselves by whatever means necessary. I'm sure there is money to be made regardless of what side of the aisle you sit as long as you turn a blind eye to the distasteful parts of whatever the lobbyist needs. I'm pretty disillusioned with all of it at this point. I'd be all for term limits but the people that have to approve them are the people that don't want them.
    I hear this kind of thing a lot from conservatives, and then they still go and vote straight ticket for the party that opposes campaign finance reform and any other efforts to prevent politicians from enriching themselves.

  17. #342
    Veteran hater's Avatar
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    HOLD!!!!!

  18. #343
    dangerous floater Winehole23's Avatar
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    Hoosegow.

    $1B of customer funds also went poof.


  19. #344
    dangerous floater Winehole23's Avatar
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  20. #345
    Believe.
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    Sounds like these people were playing a major s game. Have they been all arrested yet? Plus the fact that they were connected to some pretty powerful people is interesting. If crypto had any positive reputation left, it's pretty much gone imo. I'll admit I thought it was viable and a technology that had potential but now I'm not so sure. I had an account on another exchange but removed my banking info from it due to now having zero trust. It may come back one day but it will have to be regulated. The fact that 10 billion dollars just went poof is insane. I can't believe someone would put all of their money on an exchange like that anyway. I think the lesson here is tangible assets or assets that truly produce something only.

  21. #346
    dangerous floater Winehole23's Avatar
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    Sounds like these people were playing a major s game. Have they been all arrested yet? Plus the fact that they were connected to some pretty powerful people is interesting. If crypto had any positive reputation left, it's pretty much gone imo. I'll admit I thought it was viable and a technology that had potential but now I'm not so sure. I had an account on another exchange but removed my banking info from it due to now having zero trust. It may come back one day but it will have to be regulated. The fact that 10 billion dollars just went poof is insane. I can't believe someone would put all of their money on an exchange like that anyway. I think the lesson here is tangible assets or assets that truly produce something only.
    Reportedly SBF and a couple of FTX associates have been detained in the Bahamas.

    SBF was never able to clearly explain how FTX made money. The apparent "hacking" of customer accounts makes it clear they dipped into other people's money first to leverage up while the company was viable, and then to grant themselves stake money when it all blew up.

  22. #347
    dangerous floater Winehole23's Avatar
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  23. #348
    Veteran vy65's Avatar
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    Hoosegow.

    $1B of customer funds also went poof.

    The do ents showed that between $1 billion and $2 billion of these funds were not accounted for among Alameda's assets, the sources said. The spreadsheets did not indicate where this money was moved, and the sources said they don't know what became of it.

    In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a "backdoor" in FTX's book-keeping system, which was built using bespoke software.

    They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said.
    I mean, just wow …

  24. #349
    A neverending cycle Trainwreck2100's Avatar
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    Not your coins, not your crypto

  25. #350
    Believe.
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    A lot of noise about getting your money off of crypto.com now too. Apparently they had sent 1 Billion dollars in stable coins to FTX before the collapse. They're claiming they only lost 10 Million so who knows at this point. I'd be leery of any of these exchanges right now.

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