Semi OT: Anyone lose money in the crypto crash?
Moderators: HiJiNX, niQ, Morris_Shatford, DG88, Reeko, lebron stopper, 7 Footer, Duffman100
Semi OT: Anyone lose money in the crypto crash?
-
- Analyst
- Posts: 3,124
- And1: 3,763
- Joined: Dec 16, 2014
- Contact:
Semi OT: Anyone lose money in the crypto crash?
As many of you know, the crypto industry just had the worst moment in its history, with FTX (the equivalent of RBC in Canadian banking) going bankrupt.
Our beloved Kyle Lowry is an ambassador for Bitbuy (unaffected by these events), and many of the people here probably have savings on crypto platforms.
This is like the equivalent of the 2008 crash for many people. I know some Raps fans that lost a very large chunk of their net worth.
Are you guys doing okay?
Our beloved Kyle Lowry is an ambassador for Bitbuy (unaffected by these events), and many of the people here probably have savings on crypto platforms.
This is like the equivalent of the 2008 crash for many people. I know some Raps fans that lost a very large chunk of their net worth.
Are you guys doing okay?
Fire everyone who doesn't win the NBA championship.
Tank for 2050. Robot players.
AbeVigodaLive wrote:NZ native, Steven Adams, was initially cast as Gandalf in Lord in the Rings... until Director Peter Jackson replaced him with a younger looking actor.
Re: Semi OT: Anyone lose money in the crypto crash?
-
- Starter
- Posts: 2,254
- And1: 2,621
- Joined: Dec 05, 2012
-
Re: Semi OT: Anyone lose money in the crypto crash?
Spencer Dinwiddie definitely did
Re: Semi OT: Anyone lose money in the crypto crash?
-
- Bench Warmer
- Posts: 1,278
- And1: 2,349
- Joined: Sep 01, 2011
Re: Semi OT: Anyone lose money in the crypto crash?
-
- RealGM
- Posts: 24,841
- And1: 37,331
- Joined: Oct 14, 2018
Re: Semi OT: Anyone lose money in the crypto crash?
Not gonna lie... I had near 0 faith in the crypto world lasting. Felt like just a fad to me. Hope no one lost too much here.
Re: Semi OT: Anyone lose money in the crypto crash?
-
- RealGM
- Posts: 42,633
- And1: 25,497
- Joined: Jul 11, 2009
Re: Semi OT: Anyone lose money in the crypto crash?
I'm looking for opportunities to buy (both stocks and crypto), but I think both have further to drop.
Re: Semi OT: Anyone lose money in the crypto crash?
-
- RealGM
- Posts: 17,308
- And1: 21,146
- Joined: Nov 23, 2017
-
Re: Semi OT: Anyone lose money in the crypto crash?
First of all, i didn't invest a dime into crypto. Also, i dont want to be a party pooper but...
some people come around here to escape their every day life, relax, and talk some basketball. Perhaps they wouldn't enjoy coming in and be reminded they lost a boat load of hard earned money just now.
some people come around here to escape their every day life, relax, and talk some basketball. Perhaps they wouldn't enjoy coming in and be reminded they lost a boat load of hard earned money just now.
![Image](https://i.imgur.com/UpvkGFC.png)
Re: Semi OT: Anyone lose money in the crypto crash?
-
- RealGM
- Posts: 14,802
- And1: 12,416
- Joined: Oct 17, 2011
- Location: Overusing finna
-
Re: Semi OT: Anyone lose money in the crypto crash?
My brother is big into crypto but put a lot into "stable coins" when the market began to crash, so his investment is kind of ok. He's a lurker here and tWo member.
![Image](https://i.imgur.com/jYwX1hy.jpg)
Let's playin for 9th!
"OG puts the clamps on point guards like Trae Young." -DelAbbot
Re: Semi OT: Anyone lose money in the crypto crash?
- LoveMyRaps
- RealGM
- Posts: 24,047
- And1: 42,904
- Joined: Jun 10, 2013
-
Re: Semi OT: Anyone lose money in the crypto crash?
Yeah, I'm down but I only had money that I was WILLING to lose invested in BTC & ETH (and Doge, lol).
At the end of the day, it was still a speculative asset (and still is) and there was no way I was gonna go ''all-in''.
Crypto made up approximately 5% of my portfolio.
At the end of the day, it was still a speculative asset (and still is) and there was no way I was gonna go ''all-in''.
Crypto made up approximately 5% of my portfolio.
In Masai We Trust ![:meditate:](./images/smilies/icon_ate.gif)
![Image](https://i.imgur.com/7K2seCW.gif)
![:meditate:](./images/smilies/icon_ate.gif)
![Image](https://i.imgur.com/7K2seCW.gif)
Re: Semi OT: Anyone lose money in the crypto crash?
-
- Assistant Coach
- Posts: 4,079
- And1: 2,685
- Joined: Apr 29, 2008
- Location: Toronto
-
Re: Semi OT: Anyone lose money in the crypto crash?
If your money situation is not 'ok' after this then you've made some really poor investing decisions.
"I wish I was a little bit taller, I wish I was a baller, I wish I had a girl who looked good - I would call her, I wish I had a rabbit in a hat with a bat and a '64 Impala" - Skee-Lo
Re: Semi OT: Anyone lose money in the crypto crash?
-
- Veteran
- Posts: 2,777
- And1: 1,137
- Joined: Dec 21, 2006
Re: Semi OT: Anyone lose money in the crypto crash?
GreatWhiteStiff wrote:My brother is big into crypto but put a lot into "stable coins", so his investment is kind of ok. He's a lurker here and tWo member.
tWo member investing in tanking currencies. Gotta respect the consistency.
Re: Semi OT: Anyone lose money in the crypto crash?
- ruckus
- RealGM
- Posts: 13,569
- And1: 11,286
- Joined: May 18, 2007
- Location: From the Slums of Shaolin...
-
Re: Semi OT: Anyone lose money in the crypto crash?
Dollar cost averaging bitcoin and ethereum. I stayed away from centralized exchanges so not feeling the crash right now except on paper. It's also a small portion of my portfolio.
![Image](https://i.imgur.com/2L5AOEF.gif)
Re: Semi OT: Anyone lose money in the crypto crash?
-
- RealGM
- Posts: 67,364
- And1: 31,640
- Joined: Jul 25, 2005
-
Re: Semi OT: Anyone lose money in the crypto crash?
The one benefit of being old but not too old is hitting that sweet spot of extreme cynicism and believing everything is a scam.
9. Similarly, IF THOU HAST SPENT the entire offseason predicting that thy team will stink, thou shalt not gloat, nor even be happy, shouldst thou turn out to be correct. Realistic analysis is fine, but be a fan first, a smug smarty-pants second.
Re: Semi OT: Anyone lose money in the crypto crash?
- SFour
- RealGM
- Posts: 38,542
- And1: 58,560
- Joined: Apr 07, 2012
-
Re: Semi OT: Anyone lose money in the crypto crash?
I don't have any money in crypto but when bitcoin first became mainstream hitting $20k I was about to buy one from a Canadian exchange called QuadrigaCX (but I didn't)....once bitcoin crashed and people started wanting to withdraw their money the CEO (who is from Ontario, went to York university) ended up running away with over $200 million of the money in a cold wallet and allegedly died in India shorty after
This FTX situation reminds me of that...FTX just filed bankruptcy which QuadrigaCX did as well once they started having liquidity issues.
https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions
Netflix also has a doc on the Quadriga situation if anyone is interested in it
This FTX situation reminds me of that...FTX just filed bankruptcy which QuadrigaCX did as well once they started having liquidity issues.
https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions
Netflix also has a doc on the Quadriga situation if anyone is interested in it
Re: Semi OT: Anyone lose money in the crypto crash?
- Inklink
- RealGM
- Posts: 11,409
- And1: 19,214
- Joined: Apr 25, 2014
-
Re: Semi OT: Anyone lose money in the crypto crash?
Just a little, nothing I'm going to lose sleep over.
For lease.
Re: Semi OT: Anyone lose money in the crypto crash?
-
- RealGM
- Posts: 24,841
- And1: 37,331
- Joined: Oct 14, 2018
Re: Semi OT: Anyone lose money in the crypto crash?
Fairview4Life wrote:The one benefit of being old but not too old is hitting that sweet spot of extreme cynicism and believing everything is a scam.
Haha that's exactly where I am. It's just a big ponzi scheme backed up some extremely wealthy folks. Thought the bubble would have bursted a little sooner.
Re: Semi OT: Anyone lose money in the crypto crash?
- ballchique
- Junior
- Posts: 253
- And1: 50
- Joined: Jun 06, 2006
- Location: GTA north
Re: Semi OT: Anyone lose money in the crypto crash?
Fairview4Life wrote:The one benefit of being old but not too old is hitting that sweet spot of extreme cynicism and believing everything is a scam.
This made me laugh. Ditto
ladies love the raptors!!
Re: Semi OT: Anyone lose money in the crypto crash?
- SFour
- RealGM
- Posts: 38,542
- And1: 58,560
- Joined: Apr 07, 2012
-
Re: Semi OT: Anyone lose money in the crypto crash?
Tor_Raps wrote:Not gonna lie... I had near 0 faith in the crypto world lasting. Felt like just a fad to me. Hope no one lost too much here.
To me it feels like a runway for governments to eventually take over with their central bank digital currencies....with all these crypto scandals it just gives governments a reason to step in under the guise of our safety.
cryptos will be casted in a negative light and the exchanges will be given a reputation as being untrustworthy, you can trust the big banks though
![:wink:](./images/smilies/icon_wink.gif)
Re: Semi OT: Anyone lose money in the crypto crash?
-
- Analyst
- Posts: 3,580
- And1: 3,206
- Joined: May 02, 2009
Re: Semi OT: Anyone lose money in the crypto crash?
It ain't lost until you sell it.
Re: Semi OT: Anyone lose money in the crypto crash?
- TheBoi10
- General Manager
- Posts: 9,553
- And1: 11,891
- Joined: Apr 13, 2018
-
Re: Semi OT: Anyone lose money in the crypto crash?
OTPP wrote off the ~$100 mill they had in FTX
Re: Semi OT: Anyone lose money in the crypto crash?
- Kevin Willis
- RealGM
- Posts: 12,433
- And1: 7,942
- Joined: Apr 17, 2009
-
Re: Semi OT: Anyone lose money in the crypto crash?
Inklink wrote:Just a little, nothing I'm going to lose sleep over.
Same here. I have a small set of small cap stocks in 'emerging' technologies and the 'future of' blah blah blah. Each individually is small enough for me to not care with the hope that at least one or two hit it big and then I can put it in something safer.
Ska needs to make a comeback.