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Crypto Crash

Jubee

Well-known member
May 29, 2016
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Ontario
After all this, I still don't understand bitcoin. Maybe that is why I never touch the stuff.
I have a decent grasp of it and won't go near it. All this going on with FTX reinforces my decision.
It has had a huge impact on a lot of people and locally it has affected the Ontario Teacher's Pension.
 
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poker

Everyone's hero's, tell everyone's lies.
Jun 1, 2006
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Niagara
In a thread above you "liked" a comment about not understanding it, so how can you even comment on this if you don't know the players in the game?
How in gods name did make that jump… he acknowledged Darts reasons for not touching it. So you assume he does not know the players in the game?
 
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black booty lover

Well-known member
Oct 21, 2007
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I have a decent grasp of it and won't go near it. All this going on with FTX reinforces my decision.
It has had a huge impact on a lot of people and locally it has affected the Ontario Teacher's Pension.

No offence but serves them right.

Don't put your money into pyramid schemes...lol.
 

jalimon

Well-known member
Jan 10, 2016
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I guess he is "Fried" . If he had any brains he would have fled to a country with no extradition treaty with the US. Worked out ok for Snowden.
Snowden was a whistle blower. Yes he committed a crime against the gouvernment but did not took anyone's money for himself. There is no comparison.
 
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jalimon

Well-known member
Jan 10, 2016
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People are quietly suddenly realizing that crypto is selling sand in the desert (as another terbite wrote not long ago).

It will last as long as the last fool realize he's being fooled and/or as long as the last crypto owner steal the money given to him...
 

Robert Mugabe

Well-known member
Nov 5, 2017
8,230
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Snowden was a whistle blower. Yes he committed a crime against the gouvernment but did not took anyone's money for himself. There is no comparison.
I wasn't criticizing Snowden. Simply pointing out that Russia is a safer bet to avoid US extradition. Bahamas isn't the best place to flee from the authorities. Ask Peter Nygaard.
 
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Phil C. McNasty

Go Jays Go
Dec 27, 2010
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You're in the shithouse now pal. US courts tend to hand out sentences relative to how much money you bilked.
For instance, if you committed fraud for $100 million you can expect at minimum a 10 to 15 year sentence (maybe even longer).
So $1 billion should be good for at least 20 to 30 years in the bucket.

Karma is a bitch

 
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Phil C. McNasty

Go Jays Go
Dec 27, 2010
25,135
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I guess he is "Fried" . If he had any brains he would have fled to a country with no extradition treaty with the US. Worked out ok for Snowden
Thats a lot harder now then it was 20 or 30 years ago.
Most developed nations now have an extradition treaty with the US, except for 3rd world shitholes and dictator led countries:


Even if he flees for some place like Russia or China, the authorities there will most likely confiscate all his cypto leaving him with nothing.
He really doesnt have anywhere to go. I suspect thats why he never left the Bahamas
 

Robert Mugabe

Well-known member
Nov 5, 2017
8,230
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Thats a lot harder now then it was 20 or 30 years ago.
Most developed nations now have an extradition treaty with the US, except for 3rd world shitholes and dictator led countries:


Even if he flees for some place like Russia or China, the authorities there will most likely confiscate all his cypto leaving him with nothing.
He really doesnt have anywhere to go. I suspect thats why he never left the Bahamas
Even if he flees for some place like Russia or China, the authorities there will most likely confiscate all his cypto leaving him with nothing.
lol. confiscate all his worthless crypto.
 

sprite09

Well-known member
Aug 10, 2020
1,045
477
83
Anyone see sprite09 lately??

Must be to busy counting all the millions he made from crypto.
yawn, and like you're making millions with any risk-on asset ? markets, including crypto, will recover.

or you're one of those sitting out ? it's time in the market, not timing the market.
 
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