OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

[chonestown]

Lot of Binance ads during the TNT broadcast last night, theme being they're a reputable company and such amidst all the crypto <waves hands everywhere con mucho gusto>.

Look, it'd be easy and justified to surejan.jpeg this, but damn if it didn't have heavy BP destroys the Gulf, "we're committed to preserving local ecosystems" vibes to it.

Anyway, nice synergy with the over-leveraged Lakers once again providing a paltry ROI on the home court at Crypto.com Arena. Go Bucks.

[M-C-G]

Bankman is being interviewed right now on TV. Incredibly dumb. I didn't know, I was surprised, I was unaware, I was nervous. Seriously I wouldn't hire this clown to mow my lawn. Classic case of F around and find out.

Might be a moron but 100% new the end game was **** everyone over and robbing them.


Sent from my iPad using Tapatalk

[thonnisbeastley]

Just buy $Link if you're looking at crypto. Nothing else matters. Buy $Link, move to cold storage, sell in 5-10 years, enjoy your millions.

[jschligs]

Just buy $Link if you're looking at crypto. Nothing else matters. Buy $Link, move to cold storage, sell in 5-10 years, enjoy your millions.

If I had a dollar for every time I heard this exact line but with a different crypto in place I'd already have my millions

[chonestown]

Just buy $Link if you're looking at crypto. Nothing else matters. Buy $Link, move to cold storage, sell in 5-10 years, enjoy your millions.

Did you misspell "Thon" in your username? I'm assuming this in reference to Thon Maker, but maybe not?

Anyway, I'm not nearly as bullish as you on dollar sign link, but to the brave go the proceeds.

[BucksFanSD]

Im not a crypto dude but I will be buying a little bit of everything (including crypto) in 2023 if everything goes on fire.

[sidney lanier]

I like this Ben McKenzie guy.

Watch on YouTube

I will also enjoy the day when Steph Curry and the other endorser celebrities implicated in the FTX scam have to take the stand and tell the world they know nothing and are innocent and stupid.

[sidney lanier]

Lot of Binance ads during the TNT broadcast last night, theme being they're a reputable company and such amidst all the crypto <waves hands everywhere con mucho gusto>.

Look, it'd be easy and justified to surejan.jpeg this, but damn if it didn't have heavy BP destroys the Gulf, "we're committed to preserving local ecosystems" vibes to it.

Anyway, nice synergy with the over-leveraged Lakers once again providing a paltry ROI on the home court at Crypto.com Arena. Go Bucks.

And now I'm getting a "we're the Enron auditors -- better change our name from Arthur Andersen to Accenture" vibe from Mazars.

Accounting firm Mazars Group has suspended all work with its crypto clients. The decision to cut ties with Binance, KuCoin and Crypto.com comes just after the global accounting firm released “proof of reserve” reports for several digital asset exchanges.

The move comes as major cryptocurrency exchanges look to prove their solvency, and show they have enough money to cover customer withdrawals. The CEOs of Binance and Crypto.com have looked to distinguish their own business practices from what happened at FTX, which has been charged with illegally using customer deposits for years before filing for bankruptcy. Its founder Sam Bankman-Fried is facing multiple counts of fraud and money laundering.

https://www.cnbc.com/2022/12/16/mazars-suspends-all-work-with-crypto-clients-including-binance-cryptocom.html

[MickeyDavis]

I don't have much in crypto, it's gambling money to me. I sold enough this week to take the $3k tax loss and used the proceeds to buy different crypto.

[chonestown]

I don't have much in crypto, it's gambling money to me. I sold enough this week to take the $3k tax loss and used the proceeds to buy different crypto.

The only gambling I partake in is mashing the "submit" button each time I post tyvm

[sidney lanier]

I went Bucks and under last night. Gambling does not pay.

Especially when the game is rigged, as the crypto game probably is. True, you can beat a rigged game once in a while. When a callow youth I once hit two free throws at an 11 or 12 foot tilted and undersized rim to score back-to-back teddy bears for my little sister and cousin at the Wisconsin State Fair when they had the good stuff like the two-headed woman and the world's largest rat.

But most of the time a rigged game beats you. As one cynical gambling operator once put it, in a slaughterhouse once in a while the sheep might kill the butcher, but not often.

[chonestown]

$Link is up about 10% the last week. A good buy under $20 IMO (it's about $17.36 now)

$Link is a good buy anywhere under $100 if you plan on holding it for the next 3+ years.

Original post from Jan 30, 2022.

$Link currently sitting at a smooth $6.13.

[MickeyDavis]

That is why I try to survive on my humble moderator salary

[Finn]

[thonnisbeastley]

$Link is up about 10% the last week. A good buy under $20 IMO (it's about $17.36 now)

$Link is a good buy anywhere under $100 if you plan on holding it for the next 3+ years.

Original post from Jan 30, 2022.

$Link currently sitting at a smooth $6.13.

Entire market has been demolished. Find another project with a lead advisor as good as Eric Schmidt and a team consisting of Ari Juels + other top computer science academics. Not to mention their partnerships with Swift, BNY Mellon, Google, AWS, etc. as they continue to innovate real world use cases for crypto. This is the only project that can actually bring real-world data and blockchain technology together. It's not a store of value. It's the only legitimate project that makes "web 3" viable in the long-term.

[Stannis]

You guys still like $FCEL lol?

Crazy how low so many names went

[Stannis]

I still like Bitcoin in the future. It'll have a place, but probably won't see that 70k price for a long time (probably over 5 years if I had to guess).

Luckily, I sold all my Bitcoin and alt coins before things went even more down. Sunken-cost fallacy is a B***, and at the time I thought the wise thing to do was to just accept my losses if I thought things were getting worse (one of the few times I was actually right lol).

I did this with a lot of crappy stock tickers too. I didn't want to fall for the sunken-cost fallacy. Cash is the best hedge.

I won't even be looking at altcoins for a long time, never mind buying them.

[Stannis]

I like this Ben McKenzie guy.

Watch on YouTube

I will also enjoy the day when Steph Curry and the other endorser celebrities implicated in the FTX scam have to take the stand and tell the world they know nothing and are innocent and stupid.

I agree with some of this.

But tbh, people need to start knowing the difference between a Centralized Crypto Exchange and the actual Crypto currency.

I'm all for regulating exchanges. Since they are lending, holding assets, etc.

But I don't want too much regulation on the actual crypto currency. It sets a bad precedent. I'm already pissed that my Venmo, eBay, and PayPal money is reported to the IRS because it's over 600 dollars.

The whole "it's now down 70%" is not really a valid argument. Lot of investments and stocks on the major exchanges are down that much this year and maybe even more.

People should be free to invest in what they want.

[sidney lanier]

People should be free to invest in what they want.

As every mother has said at one time or another to every kid, it's all fun and games until somebody gets hurt. In part because of the protections put in place in the 1930s (SEC, etc.) after retail investors got really hurt, I think there is a reasonable expectation that somebody is watching out for us and protecting us from scams and fraud.

Now that FTX has disabused some people of that notion, maybe the rest of us will realize that bubbles and pyramid schemes have fooled people a lot smarter than us. And that crypto investors are swinging on a trapeze with no net to catch them if they fall.

[Plossum]

The FTX case will be interesting. Perhaps I’m a bit naive but I always saw it as a poorly run business as opposed to a scam. Clearly the DoJ sees it differently. SBF will be going to prison given the DoJ’s strike rate on convictions.