Irrational markets can stay irrational much longer than most people can stay solvent. See, TSLA.
The Motley Fool forums chronicled a bloodbath for dotcom shorters from 1997-2000 - the bulls laughing at them the whole way. Then when the crash happened the bulls had a sad, and mostly just left.
Itâs not enough to be right, you have to be right and time the market.
p.s. shouldâve neon underlined the date also cuz, like, you know, these ainât rhodes scholars weâre dealing with
p.p.s. in before SILENCE
Imagine if one time before we all died your ignorance would stop you from running your mouth.
itâs an excellent take
I loved that song. Can we get a âOh baby boy we were going to have mad sex / but you lost all your money on FTXâ in the next remix?
Just your quarterly reminder that BTC is up about 15,000% since Riverman started LOLing it.
Good call Riverman, you were right!
P.S. I donât mind if crypto goes busto, I just think itâs hilarious that someone who so far has been spectacularly wrong is dunking.
I prefer âlibertarians learn why banking regulation exists.â
mf canât even get new material
Sure thatâs a lot of money, or whatever, but how do you recover from losing your âemperor auraâ? This is a term cryptobros used?
Yes, you need to use it at least thrice a day to obtain your official cryptobro ID card.
Any chance this FTX thing could have happened under modern banking regulations (if it was subject to them)?
hey, i know that guy!
https://twitter.com/DougPolkVids/status/1590430874398380035?s=20&t=lQC-tFK7XPZ9F8nY23N-lg
a rare good take from doug
Any chance this FTX thing could have happened under modern banking regulations (if it was subject to them)?
Depends whether you mean legally or not. In his piece Levine links to a story about Barclays in which they are alleged to have lent Qatari investors $3 billion for them to use to turn around and invest in the company, in order to make it appear solvent. That is obviously illegal. I think the stunt FTX were pulling would probably be illegal as well, but that doesnât mean it wouldnât happen.
The comma after Unless you watched bugs me a lot. Iâll get over it. Iâm a professional. But it really is disturbing.