It's a shame they can't gather up the million investors in a kilometer wide square, one person per meter, or about 3 feet. And with Sam in the middle, let them get every dollar out of him.
A company is the efforts of a team. You have a board of advisors. You hire compliance risk management so that you place trades carefully and comply in a highly regulated industry. You measure results. You have accounting so you know what is going on. This is high school level. SBF couldn't run a lemonade stand.
That's total nonsense, pal. You don't need a board, you don't need risk management board, you don't even need accounting. The only required position in the company is President, Secretary and Treasurer. The point is that if you have those things, the board, etc, then maybe certain aspects of risk can be reduced. However it also reduces mobility of growth. It's a trade off.
@@markarmage3776 Public companies have boards for a reason. Diversity of thinking leads to better decision making. You give up autonomy when you take on investors' money. If you want to run a company your way. Do it with your own money. FTX no board and CEO failed at risk management. Start up CEOs can benefit from the experience of others.
@@janetmcginty7712 Again, FTX is not a public company, and there's no legal requirements of any kind to have a "board". Your subjective moral standard has no place in the real world. The "investors" invested in a company with high growth without a board, that's their fault. And no, diversity of thinking doesn't lead to better decision making, it just leads to stagnation, which prevents really bad decision, but it doesn't lead to anything better. That is why the exploding growth of the majority of the big companion happened when they're new and mobile
@@markarmage3776 FTX is an unmitigated failure largely due to its lack of corporate governance. My perspective is not moral or subjective. It is tried and true business practice. Accountabiity leads to success, not hinders. There are top quartile companies and there are bottom feeders. SBF shone for a while and then failed. Institutional investors have gone on record apologizing to their investors.
FTX CEO - quote " I was'nt spending any time or effort in managing risk - what happened happend" . Seems somewhat lacking for a CEO of a company that was worth in the region of 32 billion $.
Nice explanation of blockchain. Can he explain why the inputs and outputs to crypto is still FIAT currency that the crypto community hates and seeks to replace.
This guy is 100% right. The backbone of crypto is solid. And its been over looked by people promising free money. We need to get back to the real main focus and identity of Blockchain and its real world services and ditch the idea of just Currencies. Outside of Cash back stable coins. Theres no need to currencies. When it comes to exchanges. My rule is $100 or less. Thats all you can keep on an exchange. Once you go over that put it in a cold wallet.
This is just washing. With the finance media offering ardent assistance. You’re talking about the difference between centralised and decentralised Ponzis. Unless blockchain has use cases that don’t include cryptocurrencies it’s worse than worthless.
This wasn't a smart move. It will likely be used as evidence against him when he's sitting in court, awaiting his prison sentence. He freely admits that he made no effort to get a clue about what was actually going on inside his company. His lawyers must be chewing their hats with exasperation right now.
That confession is not a crime…. That being said the real crime is misleading investors which is an fbi/secrete service investigation and will take a lot of time
I feel sorry for the people that do not get that crypto but a a very good scam and the major usage may be for non over the table transacciones … why they look for dollars when colapse.. look for crypto coins and pay the debts with it. That is the point.
You can call ATM24T bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but ATM24T breaks everything
I have zero sympathy or empathy for anybody that lost money. The exchange was illegal, which is why it was in the Bahamas. There was NOTHING legit about this and I know little to no understanding of crypto other than it sounds like monopoly money.
Fantastic update, greatly appreciated. On the other hand there are many ways of manipulating the market. I am glad as a small investor that I am putting my hard earned savings into the most, that being said the only transparent market is day trading. I've made over 9BTC copying and using Trent Hart's daily signals and method, his trading skills is exceptional.
The accuracy with which Trent Hart predicts the market is just astounding and i hope one day i can become like him but before then, i am sticking to trading with his signals..
I also prefer this method than just hodl for a future that we are not sure about. I have been getting massive profit off the market from using his daily signals.
How much longer till ppl realize that blockchain is a means of exchange not a commodity? Its like mistaking the money transfer network of visa or Mastercard for money itself.
Didn't he just contradicted himselves? He does not want the middle man and a centralized system and BTC can give him full control. If that the case why in the first place he lost money?
why would he have remorse. $1 billion is unaccounted for. Those that received campaign contributions will help him disappear. It was all a figment of your imagination.
Okay no way he didn’t know alameda was getting ftt tokens from ftx. Like wtf how do you not know ftt tokens are being transferred from ftx to alameda especially after alameda needed collateral
They are trying to stop the contagion spread by propping up Genesis. Alameda Research has severe losses on highly leveraged margin trades that are still open positions. If Genesis were to close out their margin positions today they are bankrupt... Potential investors and attorneys are in talks with Genesis to try and figure a way out from their losing positions. They had leveraged bets made on $hitcoins trading at $0.0000845 today with a market cap well under a million dollars. Good luck.
Clearly SBF a high functioning ASD . This condition is known to be far more prevalent in this genetic ancestry group. Lack of ability to fundamentally relate to another is primary with all its consequences.
You are out control right? He donated millions dollars to republican and democratic congressmen, so he can protect himself. He well plays and plans criminal.
Next time you invest think about where they incorporated! Antigua should ring warning bells quite loud! You started by investing in something that is nothing!
Well that depends on his income vs expenses. The reason is because if he lives on 1/2 his income he will have the entire amount back in 2 years if everything goes well!!! I always say I can miss hundreds of dollars each year but not thousands. But that is largely due to me living on 2/3 to 3/4th of my income. So at worst every 3 to 4 years I have my entire income after tax to use at worst.
Was SBF ever described as a genius? I'd never even heard of him before the 7th November when the crash came and he was being mentioned everywhere. How did people fall for somebody who was so obviously a fraud.
What's SBF guilty of...? Being disorganized and making bad investments in a cliff-diving crypto market... If people put money with this putz its their decision. Some people don't wanna crystallize their crypto losses. Markets go down as well as up... Companies go bust, 'tokens' lose their value, money evaporates, people lose...
And what would everyone had said if it all worked out well? I agree I think crypto should always tell everyone to just not buy in if they don't want to loose.
I bet when he comes off all those drugs in jail it will really hit home. Supposedly he’s on a pretty strong anti depressant and theyve been known to take away empathy
Yahoo finance blatantly letting btc promote itself with no push back is ridiculous. If it didn’t have billionaires pushing it, it would have been dead 10 times over instead of just taking working peoples money year after year.
Playing the victim of this own greed…. Acting ignorant when everything went perfectly until his escape plan failed. Pretty sure his plan was to flee to another country and fake his death like everyone else.
His fidget toys, flat affect, weird demeanor, and lack of empathy; is Asperger’s on the table? Me thinks we got an Aspy who is addicted to Adderall leading FTX?
He sounds like his counter-strike clan lost a game. This guy clearly doesn't understand the consequences he could face. Or maybe he is just relaxed, because i know and you know and he knows that NOTHING is going to happen to him.
Classic example of you give someone an inch and they take a yard... if regulators don't clamp down on this and make an example of sbf all they will be doing is encouraging others to do the exact same thing in the future and make some donations and charitable endeavors and expect a free pass. Ridiculous. He's having the time of his life and relaxing while people who lost all their capital is slowly being driven to desperation.
People should never invest, deposit, or gamble money they can not afford to loose. Any intuition can loose or misplace or close or whatever. I always say the only money I have for sure is what I have in cash in my wallet.
"I wasn't spending any time or effort trying to manage risk on FTX" - Sam Bankless Fraud
Translation: Thanks for the money, suckers.
Most scammers don’t have any remorse or empathy!! 😂
Doesn't seem genuine and remorseful. Lock him up!
what do you expect from investing in an unregulated centralized exchange? just like WhatsApp scammers.
So the youtube comments with whatsapp numbers are gonna steal my money? I've been DCA every week...
Being innocently ignorant about being negligent in risk management and misusing the customers’ fund is a crime.
It's a shame they can't gather up the million investors in a kilometer wide square, one person per meter, or about 3 feet.
And with Sam in the middle, let them get every dollar out of him.
A company is the efforts of a team. You have a board of advisors. You hire compliance risk management so that you place trades carefully and comply in a highly regulated industry. You measure results. You have accounting so you know what is going on. This is high school level. SBF couldn't run a lemonade stand.
That's total nonsense, pal. You don't need a board, you don't need risk management board, you don't even need accounting. The only required position in the company is President, Secretary and Treasurer.
The point is that if you have those things, the board, etc, then maybe certain aspects of risk can be reduced. However it also reduces mobility of growth. It's a trade off.
@@markarmage3776 😂
@@markarmage3776 Public companies have boards for a reason. Diversity of thinking leads to better decision making. You give up autonomy when you take on investors' money. If you want to run a company your way. Do it with your own money. FTX no board and CEO failed at risk management. Start up CEOs can benefit from the experience of others.
@@janetmcginty7712 Again, FTX is not a public company, and there's no legal requirements of any kind to have a "board".
Your subjective moral standard has no place in the real world. The "investors" invested in a company with high growth without a board, that's their fault.
And no, diversity of thinking doesn't lead to better decision making, it just leads to stagnation, which prevents really bad decision, but it doesn't lead to anything better.
That is why the exploding growth of the majority of the big companion happened when they're new and mobile
@@markarmage3776 FTX is an unmitigated failure largely due to its lack of corporate governance. My perspective is not moral or subjective. It is tried and true business practice. Accountabiity leads to success, not hinders. There are top quartile companies and there are bottom feeders. SBF shone for a while and then failed. Institutional investors have gone on record apologizing to their investors.
I feel sorry for all the people that worked at FTX. Programmers, etc that had no clue.
they are already back in silicon valley making $250k+ per year, I doubt they would worry about any of us if we lost our jobs.
Stop trying to dehumanise them @Mike V. They are people too.
@@oo--7714 They are thieves and/or thieves enablers.
SBF is a financial hero
They must have had a clue
I hope he keeps up with the ignorance of risk management whenever he's out and about.
hes in jail now lol
FTX CEO - quote " I was'nt spending any time or effort in managing risk - what happened happend" . Seems somewhat lacking for a CEO of a company that was worth in the region of 32 billion $.
“As they say hold your keys hold your crypto” tells you everything you need to know about trusting this channel with investing advice.
lol
"RISK what's that?" said bright, gifted, foresighted wonderchild ...guess his superior academic parents can't buy justice afterall
Bitcoin is the innovation, crypto is a distraction.
💯
Nice explanation of blockchain. Can he explain why the inputs and outputs to crypto is still FIAT currency that the crypto community hates and seeks to replace.
This guy is 100% right. The backbone of crypto is solid. And its been over looked by people promising free money. We need to get back to the real main focus and identity of Blockchain and its real world services and ditch the idea of just Currencies. Outside of Cash back stable coins. Theres no need to currencies.
When it comes to exchanges. My rule is $100 or less. Thats all you can keep on an exchange. Once you go over that put it in a cold wallet.
This is just washing. With the finance media offering ardent assistance. You’re talking about the difference between centralised and decentralised Ponzis. Unless blockchain has use cases that don’t include cryptocurrencies it’s worse than worthless.
This wasn't a smart move. It will likely be used as evidence against him when he's sitting in court, awaiting his prison sentence. He freely admits that he made no effort to get a clue about what was actually going on inside his company. His lawyers must be chewing their hats with exasperation right now.
He is trying to come across as “I have nothing to hide”. 🙄🙄
Is it possible that someone escapes conviction with this kind of “confession”?
That confession is not a crime…. That being said the real crime is misleading investors which is an fbi/secrete service investigation and will take a lot of time
Why isn't he arrested and sent to jail?
Hopefully ATM24T will do good.. have alil over 10million ATM24T coins
I feel sorry for the people that do not get that crypto but a a very good scam and the major usage may be for non over the table transacciones … why they look for dollars when colapse.. look for crypto coins and pay the debts with it. That is the point.
Bitcoin is a valid currency. FTX was a scam investment from the start. You must own your crypto keys and never trust any company holding the key.
I have heard SBF kept making more and more dangerous bets and it eventually caught up with him
I've dumped all of my SOL- its toast for now. All converted to ATM24T and king BTC.
ATM24T has as much potential as ethereum. But unlike ethereum it has a bigger growth potential.
Myself during this Bear Market only trying to focus on BTC, ATM24T, ETH, SOL, MATIC. not losing sight of BNB and GALA. 🇨🇦
I’m buying ATM24T on sale, waiting for BTC to maybe drop again before I add more. Hope to take some Eth profits by Sept proof of stake
Scam Bankrupt-Fraud is a THIEF and should be in prison
You can call ATM24T bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but ATM24T breaks everything
What's better holding into crash or being safe with ATM24T tell me
ATM24T, ETH, and more would be great.
SBF your lies are not working!!!!!
I have zero sympathy or empathy for anybody that lost money. The exchange was illegal, which is why it was in the Bahamas. There was NOTHING legit about this and I know little to no understanding of crypto other than it sounds like monopoly money.
they had usftx too
Fantastic update, greatly appreciated. On the other hand there are many ways of manipulating the market. I am glad as a small investor that I am putting my hard earned savings into the most, that being said the only transparent market is day trading. I've made over 9BTC copying and using Trent Hart's daily signals and method, his trading skills is exceptional.
@Trenthart,..,..
he's on
🆃-
🅴-
🅻-
🅴-
🅶-
🆁-
A
🅼
I am also growing and accumulating with Trent Hart's signal.
The accuracy with which Trent Hart predicts the market is just astounding and i hope one day i can become like him but before then, i am sticking to trading with his signals..
I also prefer this method than just hodl for a future that we are not sure about. I have been getting massive profit off the market from using his daily signals.
Binance CEO talk about ATM24T and hinted let it list on binance, cant imagine the price at 2023!.
Look at that guy, he says "ohh I lost a year's salary" No you didn't lose a salary. Salary is earned, you were just gambling.
How much longer till ppl realize that blockchain is a means of exchange not a commodity? Its like mistaking the money transfer network of visa or Mastercard for money itself.
People are using exchanges like casinos.
if you are behavior and body language analysis, you know he lies about 60% about the stuff he said. That is very significant
I’d rather buy ATM24T, atom, polka and polygon!
The guy has invested in bitcoins, and he wanna sell that
Didn't he just contradicted himselves? He does not want the middle man and a centralized system and BTC can give him full control. If that the case why in the first place he lost money?
why would he have remorse. $1 billion is unaccounted for. Those that received campaign contributions will help him disappear.
It was all a figment of your imagination.
Okay no way he didn’t know alameda was getting ftt tokens from ftx. Like wtf how do you not know ftt tokens are being transferred from ftx to alameda especially after alameda needed collateral
SBF MADE A MISTAKE . . . BIPOLAR MANIA . . . SPENDING SPREE . . . HE IS SO EMBARRASSED . . . FORGIVE AND FORGET.
So basically bearish on everything except amazon's ATM24T
Yes I saw Amazon ATM24T they announced a partnership with huobi
They are trying to stop the contagion spread by propping up Genesis. Alameda Research has severe losses on highly leveraged margin trades that are still open positions. If Genesis were to close out their margin positions today they are bankrupt... Potential investors and attorneys are in talks with Genesis to try and figure a way out from their losing positions. They had leveraged bets made on $hitcoins trading at $0.0000845 today with a market cap well under a million dollars. Good luck.
Ok, I am sold. I will HODL my ATM24T for the long haul.
why he didn't hire people to manage assets?
Clearly SBF a high functioning ASD .
This condition is known to be far more prevalent in this genetic ancestry group.
Lack of ability to fundamentally relate to another is primary with all its consequences.
You are out control right? He donated millions dollars to republican and democratic congressmen, so he can protect himself. He well plays and plans criminal.
He never had to work
We need more people like this on MSM explaining to the public that Bitcoin != cryptocurrency.
Next time you invest think about where they incorporated! Antigua should ring warning bells quite loud! You started by investing in something that is nothing!
"Loosing a year of salary" has a more negative effect on younger people. Because your incomes are much lower than those in their 40s and 50s.
Well that depends on his income vs expenses. The reason is because if he lives on 1/2 his income he will have the entire amount back in 2 years if everything goes well!!! I always say I can miss hundreds of dollars each year but not thousands. But that is largely due to me living on 2/3 to 3/4th of my income. So at worst every 3 to 4 years I have my entire income after tax to use at worst.
Was SBF ever described as a genius? I'd never even heard of him before the 7th November when the crash came and he was being mentioned everywhere. How did people fall for somebody who was so obviously a fraud.
What's SBF guilty of...? Being disorganized and making bad investments in a cliff-diving crypto market... If people put money with this putz its their decision. Some people don't wanna crystallize their crypto losses. Markets go down as well as up... Companies go bust, 'tokens' lose their value, money evaporates, people lose...
And what would everyone had said if it all worked out well? I agree I think crypto should always tell everyone to just not buy in if they don't want to loose.
if ATM24T can grow organically like that they will dominate that industry
He is a scam lol stole every one money and the media is trying to make him look like he is inocent
I bet when he comes off all those drugs in jail it will really hit home. Supposedly he’s on a pretty strong anti depressant and theyve been known to take away empathy
I'm done with crypto.
All of my USDT is still going to buy ATM24T
SBF is trying and using whatever method to say its not his fault..... so who's fault is it????? the moon?? the sun??? the wind??? the sea???
Yahoo finance blatantly letting btc promote itself with no push back is ridiculous. If it didn’t have billionaires pushing it, it would have been dead 10 times over instead of just taking working peoples money year after year.
Still Bullishly SB
ATM24T at less than $1. is like BTC at $100. When ATM24T finally blows it's gonna be epic.
ATM24T, a pick with potential if they follow through!
I'm still bullish on crypto. Buying the dip on great projects like Algorand and ATM24T 😎
ATM24T is less that $1 just like the 2012 bitcoin days... time to buyyyyyyyyyyy
"Easy come, easy go" - SBF
Thanks for deleting the spam bots, While I'm here though, ATM24T is the next moon shot for sure
SBF is on "the spectrum." He can't appreciate the damage he has caused to others. He doesn't think in those terms. But, his parents sure did.
He was able to do well because he is not thinking of others. How would he have won all those trades worried about everyone and everything else?
I've had the feeling BTC would be going to 3k as well. Clearing out all my Alts going into BTC and ATM24T only, maybe a little BNB.
Stop buying shitcoins
atm24t is a scam
Playing the victim of this own greed…. Acting ignorant when everything went perfectly until his escape plan failed. Pretty sure his plan was to flee to another country and fake his death like everyone else.
His fidget toys, flat affect, weird demeanor, and lack of empathy; is Asperger’s on the table? Me thinks we got an Aspy who is addicted to Adderall leading FTX?
Why is ATM24T doing so well? That is concerning to me.
He sounds like his counter-strike clan lost a game. This guy clearly doesn't understand the consequences he could face. Or maybe he is just relaxed, because i know and you know and he knows that NOTHING is going to happen to him.
Why come on if you are not going to tell how much
why isnt he in jail? we would be in jail on charges before the last dime was lost
☝️FOR PROFITABLE INVESTMENT 📊,
BUY THE *ATM24T* AND HOLD THE LINE BOYS.
Um, he's a Capitalist. Where is there room for "empathy or understanding" in Capitalism?
biggest market explosion ever is ATM24T
Bro, i bought ATM24T in September after your video. i'm up 79%.
ATM24T is gonna go to $5 in a year..probably ahead of bitcoin in 3-5 years
I already converted all my ETH to ATM24T, now I feel like moving all my BTC to ADA as well.
Negligence. Period.
What happened happened….
Crypto is not it brother, just takes hard working peoples money year after year while rich people push it to get a bottom line.
Denial ain’t just a river in Egypt. 😂
Weasel...A sneaky, untrustworthy or insincere person...Tow Dogs...Your Take? In the Wild...they're kinda cute!
Designed to last forever? Not so sure. Bitcoin generation is finite. Max coins 21mill, what happens after that… who knows.
Looks like Peter Schiff was right…again
ATM24T Saved me after the FTX Crash
Cardano
Exciting times for Amazon’s *ATM24T* and it's community.
Correction: Bitcoin was not created to last forever.
Classic example of you give someone an inch and they take a yard... if regulators don't clamp down on this and make an example of sbf all they will be doing is encouraging others to do the exact same thing in the future and make some donations and charitable endeavors and expect a free pass. Ridiculous. He's having the time of his life and relaxing while people who lost all their capital is slowly being driven to desperation.
People should never invest, deposit, or gamble money they can not afford to loose. Any intuition can loose or misplace or close or whatever. I always say the only money I have for sure is what I have in cash in my wallet.
@donaldlyons17 very true and it comes back to the saying if it sounds too good to be true then it probably is.
SBF looks like a character from Animal House.
"WHAT HAPPENED, HAPPENED "....... 👀🤨
"what happened happened" wow what a piece of sheet
The other version of BLM
Hell yes $ ATM24T. Going to have a huge Q4