29 Year Old Legend In Crypto Trading

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The news about FTX collapsing is making headlines everywhere around the world. Even people that have no affiliation to crypto are reading about it but the demise of FTX has no universal meaning. Basically, when FTX went in to liquidation it benefited all competitors that were up against it therefore they probably did not shed a tear. As for investors, they must have been shocked to the degree some lost life savings and others just a small amount they were willing to lose if things turned sour.

I am not surprised Amazon have jumped on to this. The series will probably do very well in the ratings but the side-effect of the series could be to introduce crypto to a new audience that knows nothing to very little about how it works and what it is.

Quote from: tvplus006 on November 24, 2022, 08:51:47 AM

Considering the fact that Amazon ordered a series about the collapse of FTX and its founder Sam Bankman-Fried - https://deadline.com/2022/11/russo-brothers-david-weil-ftx-crypto-scandal-series-amazon-1235181170/, we can confidently say that SBF has gone down in history forever as the biggest loser. We will have to see the pilot series in the spring of 2023.

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Quote from: fullhdpixel on November 23, 2022, 01:16:06 PM

He might have a good background in the financial field but what about the bad record that he have? I think that won't be erased anymore in the minds of the people...

Considering the fact that Amazon ordered a series about the collapse of FTX and its founder Sam Bankman-Fried - https://deadline.com/2022/11/russo-brothers-david-weil-ftx-crypto-scandal-series-amazon-1235181170/, we can confidently say that SBF has gone down in history forever as the biggest loser. We will have to see the pilot series in the spring of 2023.

fullhdpixel

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Quote from: _BlackStar on November 22, 2022, 11:18:42 AM

Quote from: tvplus006 on November 20, 2022, 01:39:29 PM

It seems that the success story of Sam Bankman-Fried has come to a logical conclusion. When his actions, as a result of which investors lost billions of dollars, will be officially qualified as fraudulent, he will no longer be able to find a job in the financial sector of the economy.

I'm not sure about that considering SBF is one person with experience in the industry. If in case the SBF never again finds this job at any company, then he or she will individually earn some other way. Case would be very different if SBF was arrested and imprisoned and he would be restricted throughout this industry both individually and otherwise.

He might have a good background in the financial field but what about the bad record that he have? I think that won't be erased anymore in the minds of the people. If you own a company, will you have the courage to work with this guy? I guess you will also think hard. He will be arrested but I don't think there is a law about restricting someone to find a career in a specific field. Never heard of it though.

In the first page, it is said that he perfected digital currency arbitrage. I think that is one of the reason on why he use the money. He got confident about his ability and take big risk but he got a bad luck and lose the money. There is a big lesson that we can learn here and that is don't be too overconfident.

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Nostalgic thread. Tongue

Several months ago, we're too many with Sam and praising him for being a nerd genius and now, we're all spitting on him because of what he did.
Well, a con like him is really good at hiding their true intentions about swindling people's money. No sorry for him for being the most hated person in the internet now.

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Quote from: imamusma on November 22, 2022, 01:47:43 PM

Quote from: rhomelmabini on November 22, 2022, 01:35:43 PM

Short lived. I doubt if he'll ever find any job that will involve financially unless that one entity is absurd too. I hope the proceedings will come to light especially for investors but I think it will take a long time before they get it. He deserves to be behind bars, but the lad has good connections and it will not be that easy for him to be there.

The days are so bad now and I don't think it will get better anytime soon. Sam Bankman-Fried will have to be held accountable for billions of dollars in financial losses with such a huge mental toll it will have him hiding even from the sun. I wouldn't think he'd be okay mentally and psychologically even though physically he's a bit chubby at the moment.

His success story is over, and now he will only reminisce about his story because I am sure he will be sued for his fraud every day since FTX crashed. So he's not going to be back in the business quickly, I think people are going to lash out at him.

There's a news going around that for the last 2 years Sam's parent bought 20 (I think) real estate on the Bahamian soil, might be a family fraud. We never know if this was the money being bought from FTX investors. Yeah it's gone and over but there's always a "what if" on where the money go.

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Quote from: imamusma on November 22, 2022, 01:47:43 PM

Quote from: rhomelmabini on November 22, 2022, 01:35:43 PM

Short lived. I doubt if he'll ever find any job that will involve financially unless that one entity is absurd too. I hope the proceedings will come to light especially for investors but I think it will take a long time before they get it. He deserves to be behind bars, but the lad has good connections and it will not be that easy for him to be there.

The days are so bad now and I don't think it will get better anytime soon. Sam Bankman-Fried will have to be held accountable for billions of dollars in financial losses with such a huge mental toll it will have him hiding even from the sun. I wouldn't think he'd be okay mentally and psychologically even though physically he's a bit chubby at the moment.

His success story is over, and now he will only reminisce about his story because I am sure he will be sued for his fraud every day since FTX crashed. So he's not going to be back in the business quickly, I think people are going to lash out at him.

What would you expect for people to do? Of course they would really be that angry specially into those who had greatly been affected or into those investors itself.Yes, im bit shocked on what happened considering

that people do really knows on whats the success story of SBF but now it did turn out that everythings a mess.This do really shows that nothing do last up forever specially if you are really doing
fraudulent acts which it would really be busted up sooner or later.If you dont really be able to handle it well and you do tolerate that greed inside then you would really be fucked up hard
once everything do really crumbles down or been find out.On any business, trust would be the key and some sort of transparency and on the time you are really going into the
different path then it is really prone into lots of big problems which you cant really be possibly be able to get out.

imamusma

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Quote from: rhomelmabini on November 22, 2022, 01:35:43 PM

Short lived. I doubt if he'll ever find any job that will involve financially unless that one entity is absurd too. I hope the proceedings will come to light especially for investors but I think it will take a long time before they get it. He deserves to be behind bars, but the lad has good connections and it will not be that easy for him to be there.

The days are so bad now and I don't think it will get better anytime soon. Sam Bankman-Fried will have to be held accountable for billions of dollars in financial losses with such a huge mental toll it will have him hiding even from the sun. I wouldn't think he'd be okay mentally and psychologically even though physically he's a bit chubby at the moment.

His success story is over, and now he will only reminisce about his story because I am sure he will be sued for his fraud every day since FTX crashed. So he's not going to be back in the business quickly, I think people are going to lash out at him.

rhomelmabini

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Quote from: tvplus006 on November 20, 2022, 01:39:29 PM

It seems that the success story of Sam Bankman-Fried has come to a logical conclusion. When his actions, as a result of which investors lost billions of dollars, will be officially qualified as fraudulent, he will no longer be able to find a job in the financial sector of the economy.

Short lived. I doubt if he'll ever find any job that will involve financially unless that one entity is absurd too. I hope the proceedings will come to light especially for investors but I think it will take a long time before they get it. He deserves to be behind bars, but the lad has good connections and it will not be that easy for him to be there.

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Quote from: tvplus006 on November 20, 2022, 01:39:29 PM

It seems that the success story of Sam Bankman-Fried has come to a logical conclusion. When his actions, as a result of which investors lost billions of dollars, will be officially qualified as fraudulent, he will no longer be able to find a job in the financial sector of the economy.

I'm not sure about that considering SBF is one person with experience in the industry. If in case the SBF never again finds this job at any company, then he or she will individually earn some other way. Case would be very different if SBF was arrested and imprisoned and he would be restricted throughout this industry both individually and otherwise.

palle11

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Quote from: tvplus006 on November 20, 2022, 01:39:29 PM

It seems that the success story of Sam Bankman-Fried has come to a logical conclusion. When his actions, as a result of which investors lost billions of dollars, will be officially qualified as fraudulent, he will no longer be able to find a job in the financial sector of the economy.

He has indeed brought his success story to an end as far this FTZ and crypto is concern. The system appreciate those that are trustworthy because it is suppose to be free from third party. If the exchange is interacting as P2P to investors then it is not requiring another processor, Sam Bankman-Fried has bridged this phase in the exchange that he is meant to protect people's money. This scam is an exit scam and just like telegram group giving trade orders but all as lies just to steal money from traders.

tvplus006

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It seems that the success story of Sam Bankman-Fried has come to a logical conclusion. When his actions, as a result of which investors lost billions of dollars, will be officially qualified as fraudulent, he will no longer be able to find a job in the financial sector of the economy.

G.Seed

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Hello

I think this is really relevant to "up" this thread.

Hello, hello.

Where is your hero ?

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Quote from: Renampun on March 03, 2022, 11:52:15 AM

Quote from: CryptopreneurBrainboss on February 20, 2022, 08:19:13 AM

Quote from: Renampun on February 19, 2022, 06:16:49 AM

...

Might be the same interview we watched, as he said, his journey of making billions has revolve around donating majority of them to the charity. He only! said that, what motivate him to make money is so he has enough to give out. He also lives very simple life. He doesn't have all the luxury stuff people with his kind of weath posses for themselves. He's one of the early few that made millions trading Bitcoin through arbitrage.
...

how he manages money and virtue, that's really amazed me...

a lot of new or old rich people out there who waste their money and don't want to do charity, they think it's better for them to use the money for their satisfaction (spree). with a great contribution to social as well as crypto, I'm sure in the future FTX will surpass Binance.

Charity is holy Some for middle class people while it’s way to save taxes for the rich people. This is complicated thing really and one can not decide what’s best when they are newly Brock rich. This guy is billionaire? Man I have so much low vote of confidence on this article. Not sure if it’s authentic but if it is then he got some good secretes to work with the crypto currencies. I mean it’s not easy to be that rich in short period time. We not talking about thousands or millions, we talking about billions here and that’s lot of money!

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Quote from: JohnBitCo on March 07, 2022, 01:02:00 AM

I haven't heard anyone making money from Arbitrage trading recently. Back in time when there were fewer exchnages, there could have been possibiliities of this Arbitrage trading, but in current market sitation i dont think we have any Arbitrage trading possible ?

Today, it's no longer popular.

I wonder how many are really doing it these days. But sure before, there were tons of traders that have enjoyed to arbitrage because opportunities were everywhere.

Quote from: JohnBitCo on March 07, 2022, 01:02:00 AM

Also it is iinteresting to know that a trader of the past now owns one of the best crypto exchange.

What an achievement that he has. Everyone can think just like him but not everyone can reach what he has done.

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Quote from: TheGreatPython on March 07, 2022, 01:24:53 AM

Quote from: ?? on ??

If beginners just want to get results without going through the work hard, I'm afraid they'll be disappointed that there's no such thing as good results without putting in the effort. So they inevitably have to keep trying to learn.

Not just beginner even people who are into this crypto space for years and fully aware of the dangers of crypto trading still looking for making easy money without providing any efforts on learning and practicing. At the same time, I am not ready to blame them because even after long hours of hard working on technical analysis, they might have booked losses most of times. The real thieves here are the manipulators of the crypto market.

Overall, when you are going by support of technical analysis then you must be having more than 50% of chances to make profits but when you are not backed by any of prescribed method of trading then the chances for losing is more than 100%.

Trading can be more successful if you are inclined to it technically, as well as along its fundamentals too. But if you are here to trade just for pure profits and you're not even making efforts to learn it technically, losses will keep happening to you. You may excel in gambling but certainly not in trading. However, with this young man who is already legend in trading, i have learned that he has already the interest and passion in trading since he's a kid and this keeps him motivated to grow more in trading and become successful in his chosen career.

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If beginners just want to get results without going through the work hard, I'm afraid they'll be disappointed that there's no such thing as good results without putting in the effort. So they inevitably have to keep trying to learn.

Not just beginner even people who are into this crypto space for years and fully aware of the dangers of crypto trading still looking for making easy money without providing any efforts on learning and practicing. At the same time, I am not ready to blame them because even after long hours of hard working on technical analysis, they might have booked losses most of times. The real thieves here are the manipulators of the crypto market.

Overall, when you are going by support of technical analysis then you must be having more than 50% of chances to make profits but when you are not backed by any of prescribed method of trading then the chances for losing is more than 100%.

JohnBitCo

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Quote from: gabbie2010 on February 20, 2022, 10:36:05 AM

Quote from: Oceat on February 15, 2022, 02:57:13 PM

Quote from: Findingnemo on February 13, 2022, 12:50:38 AM

Its just an information and he can't teach anyone to become a billionaire now and no one is going to do it either.

Arbitrage trading was good but nowadays its rare to find price difference for a coin with enough volume to make money so if someone wants to become then they need to find a new way.

Looks like we need a new strategy to use an advantage when trading in crypto market since arbitrage isn't that profitable these days. Early days are always profitable for those who invest and make use of it as long as there aren't much people knew about it. He's like the creator of Facebook on early days who gain massive support from the people around the world and then become a billionaire. Although his style of making money is different but he's the best example of a consistent person who doesn't waste opportunity when it's available he grab it.

I believed Sam Bankman exploited the idea of Arbitrage trading very early invariably earned huge and massive profits by utilizing his intelligence into crypto market, he had already made it big in that area of trading before it became saturated, afterward diverted his investment into an exchange, however I am touched by his charity donations to the less privilege as a way of giving back to the society, I like his idea of living a simple life, despite his affluence and not being carried away by worldly materials often associated with the rich, I read so many good things about him.

I haven't heard anyone making money from Arbitrage trading recently. Back in time when there were fewer exchnages, there could have been possibiliities of this Arbitrage trading, but in current market sitation i dont think we have any Arbitrage trading possible ?
Also it is iinteresting to know that a trader of the past now owns one of the best crypto exchange.

Luqman

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It is true. If the perspective of young people can be different from those of older people and they have the desire to progress, they will surely find a way. Nowadays, crypto trading has opened many people's eyes that it is one way to earn income but they need skill. If they can learn from people like Sam, then they can be lucky because they can learn and get a lot of knowledge that will be useful for them.

This heard actually easy for some people. But complex for others. We know that sometimes not many people are able to learn from the experiences of people where they are actually trying from scratch. But some beginners do not see the effort, they even only focus on the end result, namely success, and want to be like those who have been successful, without wanting to go through how dramatic, difficult, and ups and downs the process has been.
This is also a PR for all of us to understand better what we should be doing.
There have been some similar experiences that are shared for us, to lead us to learn more and more.

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Quote from: Cling18 on February 20, 2022, 12:01:55 PM

Those who are sharing their success in trading to the public should be recognized regardless of their social status because they could serve as an inspiration and motivation for those who are just starting in trading or for even for those who are failing. I'm sure that this 29-year-old man has gone through lots of difficulties too before he reached success. It's a good thing that he's inspiring others through the platforms where he is well known.

It’s a matter of taking risk and seeing the potential of what bitcoin and crypto can reach. He is smart enough to analyze and see how bitcoin can be profitable as well the idea of evolving and making projects related to it. He put efforts to study and to master trading and crypto. It doesn’t matter what age we are as long as we take risk into something worth risking and believing that somehow something that are unnoticeable by many at first can be profitable in the long run.

If we can put more faith in our investments, then i guess taking risk is worth of our time and efforts. And this exactly this young legend in crypto possess. He may even had a lot of failures when he's starting in crypto trading but seeing bitcoin could be more profitable in the years to come, there's no need to stop or quit trading just for that. Now, due to his hard work and persistence in crypto, he's already living his dream with bitcoin. But what is more impressive is he never gets tired making charities. That way, he gives more inspiration and build courage and confidence to those who are starting yet in crypto trading or investing.

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This all depends on the young sharp way of seeing things at that young age he is already an expert in trading and he is already giving out to charity, but I will like to see his original written article where he will teach us how to trade an expert analysis. Trading has become a passive means of income to some people and at that, they have already developed trading skills that can help people to manage their trading activities professionally and make guaranteed profits.

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