Cryptocurrencies

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  • Gern BlanstenGern Blansten Your Mom's Posts: 17,931
    My comments on this thread haven't aged well.

    I put $2K into Bitcoin through Coinbase last week...worth $2400 right now.

    I might throw some at Ethereum.

    I admittedly don't understand it at all.
    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
  • My comments on this thread haven't aged well.

    I put $2K into Bitcoin through Coinbase last week...worth $2400 right now.

    I might throw some at Ethereum.

    I admittedly don't understand it at all.
    4 years ago when it dropped I wanted to get in but still think the idea was "dumb".  It is fiat money.

    Like Gambs said, this won't be worth anything come end of days type things.
  • RoleModelsinBlood31RoleModelsinBlood31 Austin TX Posts: 6,133
    My comments on this thread haven't aged well.

    I put $2K into Bitcoin through Coinbase last week...worth $2400 right now.

    I might throw some at Ethereum.

    I admittedly don't understand it at all.
    I actually forgot I had any, and checked recently and it’s aged really well.  Point of story is get some btc and forget about it, it’s easier that way.
    I'm like an opening band for your mom.
  • Seeing how this one aged and if anyone was on FTX?
  • Gern BlanstenGern Blansten Your Mom's Posts: 17,931
    No FTX....I had some Bitcoin, ETH and this shit Stella Lumens that I put $100 in

    I made $2K then reinvested some more. Ended up losing $4,400 this year so overall net loss of $2400 for me.

    I bailed when BC hit 23,000 so it did get a bit worse.
    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
  • No FTX....I had some Bitcoin, ETH and this shit Stella Lumens that I put $100 in

    I made $2K then reinvested some more. Ended up losing $4,400 this year so overall net loss of $2400 for me.

    I bailed when BC hit 23,000 so it did get a bit worse.
    You must have been in on the peak?

    I wish Unsung was here.  I know he had a bit wrapped up in it and thought it was the future.  Still might be though?
  • Gern BlanstenGern Blansten Your Mom's Posts: 17,931
    No FTX....I had some Bitcoin, ETH and this shit Stella Lumens that I put $100 in

    I made $2K then reinvested some more. Ended up losing $4,400 this year so overall net loss of $2400 for me.

    I bailed when BC hit 23,000 so it did get a bit worse.
    You must have been in on the peak?

    I wish Unsung was here.  I know he had a bit wrapped up in it and thought it was the future.  Still might be though?
    Hard to say....I had a few clients that got in really early. I wonder if they ever bailed when it peaked.


    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
  • No FTX....I had some Bitcoin, ETH and this shit Stella Lumens that I put $100 in

    I made $2K then reinvested some more. Ended up losing $4,400 this year so overall net loss of $2400 for me.

    I bailed when BC hit 23,000 so it did get a bit worse.
    You must have been in on the peak?

    I wish Unsung was here.  I know he had a bit wrapped up in it and thought it was the future.  Still might be though?
    Hard to say....I had a few clients that got in really early. I wonder if they ever bailed when it peaked.


    I asked someone when it was at 50K why don't you cash out?  Their reply was "leverage".  I thought that was a dumb response as I told him there is no leverage at zero but cash value right now.  I wonder what he did...

    I mentioned I had a chance to buy at $50 a coin years ago.  I would have most likely cashed out at 5k, lol!
  • Gern BlanstenGern Blansten Your Mom's Posts: 17,931
    BC was manipulated by Elon Musk at one point. Also by Anthony Scaramucci....he kept tweeting that it was going to 100K a few years ago
    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
  • BC was manipulated by Elon Musk at one point. Also by Anthony Scaramucci....he kept tweeting that it was going to 100K a few years ago
    Well if Musk was smart he would have dumped his when he had a chance.  I think he really believed in it.

    During the pandemic we had a bunch of Pump n Dump people influence the sports card industry.  I made it a point to sell whatever they were pumping.
  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,293

     
    Associates of FTX founder plead guilty to criminal charges
    By KEN SWEET and REBECCA BLACKWELL
    40 mins ago

    NASSAU, Bahamas (AP) — Two associates of Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday as Bankman-Fried was on his way back to the United States from the Bahamas.

    Carolyn Ellison, the former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges “related to their roles in the fraud that contributed to FTX's collapse,” U.S. Attorney Damian Williams said Wednesday night in a videotaped statement released on social media.

    “They are both cooperating with the Southern District of New York,” Williams said, adding that anyone else who participated in the fraud should also reach out to his office because “our patience is not eternal.”

    The guilty pleas were announced as Bankman-Fried was being flown to the U.S. from the Bahamas by U.S. law enforcement to answer to charges tied to his role in FTX's failure. He was expected to appear in Manhattan federal court on Thursday.

    In agreements signed with prosecutors on Dec. 19, Ellison and Wang agreed to plead guilty to charges including wire fraud, securities fraud and commodities fraud in return for leniency at sentencing if they cooperate fully.

    Williams said the guilty pleas and the transfer of Bankman-Fried to New York was in connection with a “sweeping fraud scheme that contributed to FTX's collapse and for a campaign finance scheme that sought to influence public policy in Washington.”

    Bankman-Fried was on his way to the United States after waiving his right to challenge the extradition.

    Reporters on the scene witnessed Bankman-Fried leaving a Magistrate Court in Nassau in a dark SUV earlier Wednesday.

    “The Bahamas has determined that the provisional arrest, and subsequent written consent by (Bankman-Fried) to be extradited without formal extradition proceedings satisfies the requirements of the (extradition treaty between the U.S. and the Bahamas) and our nation’s Extradition Act,” said Bahamian Attorney General Ryan Pinder, in a statement.

    Bahamian authorities arrested Bankman-Fried last week at the request of the U.S. government. U.S. prosecutors allege he played a central role in the rapid collapse of FTX and hid its problems from the public and investors. The Securities and Exchange Commission said Bankman-Fried illegally used investors’ money to buy real estate on behalf of himself and his family.

    The 30-year-old could potentially spend the rest of his life in jail.

    Bankman-Fried was denied bail Friday after a Bahamian judge ruled that he posed a flight risk. The founder and former CEO of FTX, once worth tens of billions of dollars on paper, had been held in the Bahamas' Fox Hill prison, which has been has been cited by human rights activists as having poor sanitation and as being infested with rats and insects.

    Once he’s back in the U.S., Bankman-Fried’s attorney will be able to request that he be released on bail.

    Bankman-Fried was one of the world’s wealthiest people on paper, with an estimated net worth of $32 billion. He was a prominent personality in Washington, donating millions of dollars toward mostly left-leaning political causes and Democratic political campaigns. FTX grew to become the second-largest cryptocurrency exchange in the world.

    He has said that he did not “knowingly” misuse customers’ funds, and said he believes his millions of angry customers will eventually be made whole.

    At a congressional hearing last week, the new FTX CEO John Ray III, who is tasked with taking the company through bankruptcy, bluntly disputed those assertions: “We will never get all these assets back,” Ray said.

    ___

    Sweet reported from Charlotte, North Carolina.


    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,293


     
    FTX founder heads to court after judge rejects bail request
    By LARRY NEUMEISTER
    Today

    NEW YORK (AP) — FTX founder Sam Bankman-Fried will head to a New York courtroom Thursday to face a federal judge who said his effort to contact a likely trial witness against him seemed designed so they would “sing out of the same hymn book.”

    On Tuesday, Judge Lewis A. Kaplan rejected Bankman's-Fried's lawyers' request that oral arguments about his bail be cancelled because lawyers on both sides have settled their differences on necessary changes to his bail package in order to prevent inappropriate contact with witnesses or damaging encrypted social media communications.

    The arguments, set for Thursday morning, will proceed as scheduled, the judge ruled as he declined to immediately approve new bail conditions that defense lawyers said prosecutors had agreed with, including the exemption of certain individuals from a proposed no-contact list and permission for Bankman-Fried to place audio and video calls.

    A spokesperson for Bankman-Fried's attorneys declined to comment.

    The hearing was scheduled after prosecutors said Bankman-Fried sent an encrypted message over the Signal texting app on Jan. 15 to the general counsel of FTX US.

    “I would really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other. I'd love to get on a phone call sometime soon and chat,” Bankman-Fried wrote to the FTX general counsel, who isn't named but is dubbed “Witness 1,” in the prosecutors’ letter.

    Federal prosecutors told Kaplan that Bankman-Fried’s communications indicate he may be trying to influence a witness with incriminating evidence against him.

    Last week, Kaplan wrote that Bankman's-Fried's lawyers appealed to him to interpret the message “in a benign way.” But he said their argument was not persuasive.

    “In perhaps more colloquial terms, it appears to have been an effort to have both the defendant and Witness 1 sing out of the same hymn book,” Kaplan said.

    The judge said a possible motive was evident from the fact that the general counsel was undisputedly a witness to some events likely to be at issue in the case and Bankman-Fried faces the possibility of a long prison term if he is convicted.

    Kaplan said the question of whether further measures should be taken to restrict Bankman-Fried's actions was also raised by allegations that he directed employees in the past to use applications whose communications could be erased and because he had invited a telephonic rather than written response from the general counsel.

    The judge said he must decide whether further measures should be imposed to assure the safety of the community from efforts by Bankman-Fried to influence or tamper with prospective witnesses.

    Bankman-Fried, 30, has been confined with electronic monitoring to his parents' home in Palo Alto, California, since his December arrest on charges that he cheated investors and that he looted customer deposits on his cryptocurrency trading platform, in part to finance political donations and make risky trades at Alameda Research.

    He has pleaded not guilty. A trial has been tentatively set for early October.

    Also Tuesday, lawyers for Bankman-Fried appealed Kaplan's decision to make public the names of two individuals who signed Bankman-Fried's $250 million personal recognizance bond. The names, which were ordered revealed at the request of news outlets, will remain secret while the appeal is considered.


    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
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