Bitcoins - about to hit $5,000 per coin today!

[Thin Lizzy]

FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say - The New York Times

https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html

[jude2]

FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say - The New York Times

https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html

Kind of strange they arrest him today, the day before he was supposed to testify in front of congress?

[sync pulse]

To ensure his presence...

[Griffith]

That's pretty normal attitude/behaviour amongst those born into wealth, finance bros and crypto bros. SBF just happens to be all 3

Hopefully he will be in jail.

[Thin Lizzy]

Kind of strange they arrest him today, the day before he was supposed to testify in front of congress?

A couple different theories floating around.

1. Prosecutors don’t coordinate with Congress. So, it just worked out this way.
2. Democrats didn’t want Republicans grilling SBF.

Either way he’s fucked. It’s a standard case of taking customer money and using it for his own benefit. The only unusual part is the amount.

As an aside, his physique is thoroughly unimpressive. He should’ve spent some money on a trainer.

[Thin Lizzy]

Whoa, the Current CEO just testified that SBF’s parents received some money.

[deadz]

A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...

Ill let my people at Goldman know that Flexacon said Binance, lol.

[Flexacon]

Ill let my people at Goldman know that Flexacon said Binance, lol.

Is your wife or mum a cleaner at Goldman or something?

[deadz]

Is your wife or mum a cleaner at Goldman or something?

No, they just manage my money. Do You know how much of a net worth you have to
have in order to be a client, you don’t because you’re not even close to my league. Go back to the craps table, pal!

[Flexacon]

No, they just manage my money. Do You know how much of a net worth you have to
have in order to be a client, you don’t because you’re not even close to my league. Go back to the craps table, pal!

Retired in my mid 30s whilst you're still working like a schlub.

[deadz]

Retired in my mid 30s whilst you're still working like a schlub.

LOL retired at 45 and my net worth smokes yours.

[Flexacon]

LOL retired at 45 and my net worth smokes yours.

Good job owning yourself

[deadz]

Good job owning yourself

Like I said my net worth smokes yours. You’re a baller with a couple hundred thousand in the bank. WOW, LOL!

[Flexacon]

Like I said my net worth smokes yours. You’re a baller with a couple hundred thousand in the bank. WOW, LOL!

You don't live in one of the most expensive cities in the world and retire on that.

[SOMEPARTS]

What was that guy's name that was internet wealthy...the BHank of $$$$...Xfactor? 

[SOMEPARTS]

Mr. Anabolic and Gib both gone, eh? The yin and yang of fake $$$.

[deadz]

You don't live in one of the most expensive cities in the world and retire on that.

”Expensive city” woooooh better go buy some bitcrap so I can live in an expensive city.

[Thin Lizzy]

This guy is gonna get Madoff’s old cell.

[Flexacon]

”Expensive city” woooooh better go buy some bitcrap so I can live in an expensive city.

Bitcoin is pretty crap, I've probably said that more than anyone on here in the last couple of years.

It's clearly a Ponzi scheme, but what's "real" these days. Stock markets? House prices? Currency valuations? Everything is propped up one way or another and right now bitcoin isn't that different.

It's just another card in the house of cards.

I get it though, you're butt hurt because you didn't make the easy money on bitcoin because you didn't know how. I was like that too back  in 2015, but I made sure I didn't miss out the next time.

If I were in your position I would still be very bitter too.

[deadz]

Bitcoin is pretty crap, I've probably said that more than anyone on here in the last couple of years.

I get it though, you're butt hurt because you didn't make the easy money on bitcoin because you didn't know how. I was like that too back  in 2015, but I made sure I didn't miss out the next time.

If I were in your position I would still be very bitter too.

Very few were lucky the majority took it in the ass. I don’t gamble because I don’t need too.

[Mayday]

This guy is gonna get Madoff’s old cell.

It’ll be very interesting whether the outcome is big or just a slap on the wrist.

It sounded a lot like Enron. Businesses all loaning to each other.

Did anyone find out what the purchases of tiny bank buildings was about? Were they doing that to embezzle funds or was it something else?

[Flexacon]

It’ll be very interesting whether the outcome is big or just a slap on the wrist.

It sounded a lot like Enron. Businesses all loaning to each other.

Did anyone find out what the purchases of tiny bank buildings was about? Were they doing that to embezzle funds or was it something else?

He's probably getting multiple life sentences. The charges are numerous, the evidence is damning and I'm pretty sure someone flipped (Caroline)

Don't know about the tiny bank, but he had a "korean account" that he'd dump all of Alamedas liability in, up to $8billion.

He also sold customer Bitcoin and Eth or just didn't buy it when when an order was put through and then used that money to pump Sol and FTT.

BTC and ETH would have pumped considerably higher without him strangling them.

[Thin Lizzy]

Coinbase took a big hit on an up day for both stocks and Bitcoin.

[Flexacon]

Coinbase took a big hit on an up day for both stocks and Bitcoin.

I'm hoping to pick it up sub $20 which it what it could be if bitcoin dumps another 30%, or S&P dumps another 20%. Whichever comes first.  Binance collapsing would be another opportunity.

That puts Coin x20 from its ATHs which would far exceed the same return to ATH for BTC (x5) and ETH (x10)

[Thin Lizzy]

I'm hoping to pick it up sub $20 which it what it could be if bitcoin dumps another 30%, or S&P dumps another 20%. Whichever comes first.  Binance collapsing would be another opportunity.

That puts Coin x20 from its ATHs which would far exceed the same return to ATH for BTC (x5) and ETH (x10)

As long as this chick is buying I’d stay away:


“Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month. This comes as Coinbase confirms that its 2022 revenue is on track to be just half of 2021 levels.”