its has falling alot lower than before, the problem is noobs need get thier crypto off the exchanges going bankrupt and put into cold wallet like nano x, not your keys not your crypto
This is nowhere near the largest L in cryptocurrency.. There was a time when practically the only exchange people used was Mt. Gox, that hack was significantly worse than this. This whole ordeal doesn't even come close to Mt. Gox
a couple weeks ago my friend was enthusing about FTX, and he said that he would put half of his EMA allowance (a scottish allowance that the government gives to people 16 or over who are going thru higher education) into FTX. My other friend and i talked him out of it somehow, showing cryto scams and how its not just 'free money.' I swear to god that guy owes us at least a mcdonalds or something.
His description of changing the coins from American market the Japanese market is the level of thought I used to make a profit selling iron arrows in RuneScape. Buy a stack at 10gp per arrow, then sell for 11 in bank. Literally free money
Unfortunately most of the people that lost are not "crypto bros" they are mostly average joes that don't know not your keys not your coins. Exchanges are most likely to fail and go insolvent during bear markets, we seen the same happen in 2014, 2018, and now 2022.
@@labtec514 And that's very sad for your regular person. Like, think of the old people not being well educated and just hearing it everywhere and then putting money into it.
I wish I could enjoy it, but I just think of how much good that money could have been put to instead of just being poofed away uselessly... They could have thrown it away in a charity, bought land to protect trees and wildlife, put it into cheap housing to help people in the upcoming cold months, heck they could have just set it on fire in homeless areas to give them warmth... It'd be a pretty sick thing to do, but it'd still be more useful than making it disappear... Such a waste.
Tbf the problem with Elon was also that he PORTRAYED himself as a genius. He himself thinks he is and his fans do too. I remember when we saw Elon was gonna buy Twitter, my uncle gave him way more credit than he ever deserved. I told him that dude was stupid and here we are
@@nohooligans888 yes the rocket engineer and richest man in the world is stupid. thank you my dude. I'm glad we got your mc donald's degree take on that.
@@CSRT123 I don't think Elon Musk is stupid, but I do think he's become overly self-confident. He had a string of big successes, got a lot of great press, poised himself as the king of Tech, but I think at this point he's going off the rails. He seems to be under the assumption that just because he was really good at one thing, or even a few things, that he can just waltz into any industry, or project, and just slay puss all day. And that's just not the case; even the smartest man in the world can't do EVERYTHING right, and he is not even close to the smartest man in the world.
@@MrGeorgeFlorcus I wonder how his children's view on him when all this happens. I had a feeling his children will try to usurp their father and take over his company once they reach legal age.
I laughed at their Super Bowl commercial with Larry David last year, because I knew it was only a matter of time until it looked absolutely ridiculous. Happened sooner than I expected, honestly.
It's like watching a train crashing in slow motion, except all the passengers are telling everyone how it's not only going to be okay, but that you should hop on in there with them.
@@imconfused1237 2008 economic crisis was engineered to manipulate people into debt... crypto scams are engineered crises to manipulate people into digital slavery... governments worldwide want centralized digital currency. Welcome to the New World Order
@@Zer0Skateboard that’s…. Exactly why we need and have regulations… so they CAN’T do this kind of thing to you… they saw an unregulated market and did what they always do with unregulated stuff, screw over the everyone they can
~60% of people with a networth of 30mil$ or more come from a combination their parents money and their own self-made income ~20% of people with a networth of 30mil$ or more are entirely self-made ~5% of people with a networth of 30mil$ or more are only feeding off daddy and mommys money. so yes if u wan to b rich. it help have mom n dad b rich edit: ~15 didnt answer. Also entirely self-made means that had very little to no help from their parents.
@@bouclechocolat Okay, glad I'm not "based". I would rather not use a word that a degenerate group use often trying to justify sexual slavery and pedophilia. Everything I go on reddit and see people using the word, it's bound to be an incel.
I recently got a presentation assignment from my Digital Transformation lecturer about how the metaverse could evolve the way businesses work and it was the hardest thing I ever did when I had to go in front of the whole class and explain why the metaverse was great, amazing, and totally not a dumpster fire.
Mate that's a problem with many of those kind of courses. Any new course based around new concepts is often full of BS. I started a degree on innovation a couple of years ago and decided to drop out after I noticed the lects where making stuff up as they went along. I'd be better off doing a philosophy or history degree even
No worries I had to listen to a presenter mentioned how the Metaverse is going to be the next big thing for the digital world and my inner gamer knowledge wants to dump in VRChat.
Anti-Scamming those guys on RuneScape was so good. "Hey if you double this 100k for me, I'll give you 1m to double" *doubles 100k* *log off* The only people dumber than the victims are the scammers.
The issue with crypto for me was that the money was not coming out of nowhere. Someone in the end would inevitably take the fall, and I didn't want to be that person.
@@ianrobertson3419 but isn’t the whole economy a pyramid scheme too? The point of Bitcoin is to have a decentralized financial system so that the 1% of the power hungry billionaires don’t control your money. All the other coins are shitholes that should not be invest in !!!! They will all fall eventually
@@contraband1543 By verifying that it exists, it has some amount of value. If you think about it, the trillions of dollars the fed pushes into existence is backed by less than a proof of work blockchain based currency. I'm not saying fiat currency is bad for a country, I'm just pointing out that the "it has no real value" argument against PoW is funny when almost every nations' currency is created from next to nothing.
This L was so huge, my dad brought it to my attention before Charlie did, now this is surprising as my father is a milk collecting connoisseur so he’s gone a lot.
I mean I'm surprised it didn't tank after the whole Canadian trucker thing. The main appeal in crypto was it was supposed to be immune from government control and or censorship. But you had the Canadian government shut down their crypto donations. Which quite literally dumped on one of the primary reasons it made it appealing.
There is still some people down the road from my house still protesting I have no idea what they are protesting but I do know it is something to do with the convoy idiots
This is literally just a mini, online great depression. Except this time, the value of the currency wasn't the economy of one of the largest countries on the planet, the value is backed by "trust me bro"
Remember kids, no matter how tall you’re standing, if you build your ladder out of cardboard, only the smallest bit of rain can bring it all crashing down.
11:29 WTF?! I feel that deserved an even bigger eye role. That's like telling a bunch of people treading shark invested water that seeing a boat should motivate them not to be drowning.
I swift kick in the nuts for that individual would probably give him motivated to make more money to pay better security so that way he wouldn’t have to be kicked in the nuts!
As much as I LOATHE Meta, at least Zuck dumped a ton of money into trying to put out a (sh1tty) product. SBF and Co. were just pumping empty "value" into a circular system that didn't even attempt to produce anything
Nah, Meta is still very much alive and well, you'll see. In a couple of years, most people will be living in the Metaverse like it's the actual real world. And I can't wait for that to happen.
You do know those paper and coins you carry have little value as well... right? I mean, except if you sell them as paper or whatever metal the coins are made of.
@@shantehernandez6750 money backed by a sovereign nation with a military and ability to print more of it is, by definition, not "fake". it is a social construct, sure, but social constructs are very much real things
For real! He's so natural at finding little jokes in whatever subject he's talking about and it keeps my attention even if I'm not interested in the topic.
He accidentally exposed himself being subscribed to a deepfake website, and the actual tabs he exposed was some of his own twitch coworkers. TL;DR: masturbated to fake porn of someone he knew and accidentally outed himself.
@@Xylehekbought ai n*udes of fellow female streamers, including some of his friends girlfriends. It was basically just a massive invasion of privacy, really gross stuff
The guy whose clip you’re replaying nailed the liquidity problem: They COULD sell the coins, but IF THEY DID, the very act of selling some those coins TANKS THE VALUE OF THE COINS (if the coins hadn’t already lost their value anyways). Massive exchanges like this have such massive holdings that they literally can impact the value of a coin. It’s crazy. The other issue here is that they got hacked…and lost all their holdings…so they couldn’t even sell their coins because they didn’t exist anymore…
Yes, they were "hacked" - all signs point to a very inexperienced insider, based on the ineptitude of how they went about it and covered their tracks, rather than an outside attacker just coincidentally picking that moment.
As a CPA (not in the US), knowing this is gonna be in the curriculum of future aspiring auditors and accountants in the future as just another major case study, it's just super fascinating and also kind of dumbfounding seeing it in real time. I was in Uni and the Enron case was just one of many but notable events that affected acctg and auditing standards around the globe that we had to study. It felt so distant because it didn't happen in my generation. And now looking at this, I'm kind of interested in how this is gonna impact things. I kinda LOLed at the first meta CPA firm, but it does make one wonder about what type of auditing and accounting standards you can bend since this is all new Unregulated territory.
No one will learn though, this same type of crap has been going on for 400 years, just the names and places and investment products are different each time. Banking regulations are boring, shortcuts are exciting, so someone will always be there to provide the risky shortcut and someone will always be there to buy into the risky shortcut.
I assume you're also from Philippines(Congrats for becoming CPA!)? I am also quite curious with all the standard they parted with just for these scams and even banking and currency laws they broke lol. Professors really love Enron incident. Everytime we took lessons on Auditing Theory, its name and the auditing firm who collapsed with them is mentioned for xxth times.
And it's the very reason that crypto exists in the first place: to DECENTRALIZE finance and allow people to be SELF-CUSTODIAL. The only people who lost money on FTX were people who did not understand the first, most basic thing about crypto.
yeah and guess what fucking happened after the great depression? massive regulations to prevent this shit from happening again. but in the past 40-50 years there has been a slow weakening of these regulations so the wealthy can keep enriching themselves. what a fucking surprise that all of the same shady shit that happened before the great depression keeps happening under the same loose regulations
I'm a pretty simple guy and with how fast things are changing sometimes people will tell me it's not necessarily the best to stay that way... idk man with all this shit burning to the ground i'm starting to be thankful more and more for the simplicities lmao
I'm kinda impressed. I didn't expect the cryptobros to be even worse at investments and monetary policy than the federal government but they found a way.
SBF has Democrat donor vibes. He says crypto needs to be more regulated, but only wants regulations that will make himself richer. Then he bribes the people in charge to get it done. BTW, he has ties to SEC Chair Gensler, and Gensler didn't do anything. Just a reminder that they aren't look out for you, just themselves.
Yeah, I feel like a bunch of innocent people went in thinking it was like investing stocks or something without really getting it. Which is pretty stupid in and of itself, but I still feel bad for them
That "copium" thing Charlie was referring to about people not being able to quit by rationalizing that money/effort spent should correlate positively with results/success as a way of validating that effort and spending is an example of psychological entrapment. You see it all the time in many forms of gambling.
It’s called a “Sunk Cost” fallacy in logic. It has roots in evolutionary biology essentially primates are not perfectly calibrated between being risk averse vs. reward seeking. This type of rationalizing seems to result from one of the quirky imbalances.
Sadly, it seems like every generation has to learn on its own that banking regulations exist for a reason, and that this time is NOT different. If you invest in an organization which has an outspoken guy at the top, who seems more interested in upping himself than boasting about many banking regulations they're in compliance with, you're gonna lose your money guaranteed. An exchange issuing its own token is pretty much the same thing as the 2008 subprime mortgage driven crash.
Maybe banking regulation wouldn't be needed if people used crypto the way it was intended; you know, being THEIR OWN BANK. Trusting your money with a centralized authority is the LITERAL ANTITHESIS OF CRYPTOCURRENCY. Everyone who got wiped out from FTX absolutely deserved it, and the entire space is better off for it.
@@varg3815 Crypto's intended use was and still is unrealistic libertarian fantasy. The entire system is a wet dream for scam artists. Eliminating consumer protections disproportionately benefits liars, grifters, and thieves.
“I felt a great disturbance… as if millions of crypto wallets cried out in terror, and were suddenly silenced. I feel something wonderful has happened.” _-every anti-cryptobro_
I despise those RUclips commercials that claim they're giving you a one time offer that'll supposedly end when the ad does. Hardcore FoMO targeting, and I know for a fact I'll see that commercial 100 more times over the next week
I’m not usually one to enjoy other people’s misery but damn, the crypto-bro culture was probably the most annoying thing to happen that I can remember in my lifetime. “You’re literally stupid and actually hurting yourself, it’s totally the future and how the world will operate in the next few years.” This kinda news just cracks me the hell up lol.
This is why people need to be educated on how finance works starting in middle school and break the whole Get Rich Quick American Dream way of thinking.
Nah this is good. Now these broke asses who didn't learn any real skills will be working at McDonalds, driving ubers, mowing lawns, working in Amazon warehouses for the rest of their lives.
The problem is people need to get thier fking coins off exchanges and put onto cold wallet like nano x, not your keys not your crypto, every bear market people always like its dead broo
Especially crypto companies. They are all a house of cards. The second people think their token is worth nothing, they have 0$. At least with something like Amazon they warehouses, shipping and logistics, and shitloads of product on hand. Crypto companies have the suitcase from Dumb & Dumber full of IOU notes. "That's a car. 750 thou. Might wanna hang onto that one!"
The commercial backfiring is so hilariously funny! The smirk of Larry gets a new meaning of "told you so" in such a huge manner. The micdrop is among the best micdrops of recent years.
What I dont understand: Why did people believe they can get out of this? Wasnt it always supposed to be: If you want zo get out, you need to sell your crypto...and if noone buys it -> poor you!!! How on earth did anyone thinking of getting refunding if it all goes to shit.
I love watching all these crypto investment schemes (if you can call them that lol) go down in flames. Each of them has a unique spin, each story feels like could go in any direction and I'm all here for it, popcorn in hand.
creators of crypto knows someday the market for fake currency would crash. Its literally just a pyramid scheme. Investing in something with no value and effective supply at all is mind boggling and stupid
crypto is meant for professional day traders and swing traders...if you are an expert analyst with accurate macro views you can trade it pretty successfully as well....if you are investing in crypto you're an idiot. take some years to teach yourself how to trade.
Another will form in another four years with the next BTC bull market.. This is all good. The crypto market need the scammers to collapse so it could get back to business of NOT being a sudo fiat system..
While I myself was affected by the collapse of crypto lender Celsius and lost around $300, I was fortunate enough to get out of FTX in late August/ early September. I moved everything I had from FTX because I didn’t like Sam’s personal political affiliations but more importantly I noticed they were paying 8% interest on whatever you had in their exchange which was a red flag to me given what happened with UST and Celsius.
- I watch Coffeezilla for all the smart lingo to feel like I know what’s going on - I watch Charlie for the Layman’s terms to actually* know what’s going on
Thanks for bringing this to my attention I’m taking finance right now and we are learning about banks and types of accounts and stuff. Crypto could very well be our next lesson. Glad I’m hearing about this stuff though.
17:10 BUSD isn't Binance's token, its joint token by paxos and binance and redeemable to dollars via paxos which is the first stable coin issuer that got all licenses in US, although after what Gensler did with FTX, the value of said licenses is very questionable indeed
Cryptobros always have the most baffling mentalities. “Fiat currency? Why would I trust something that’s backed, regulated, and insured by a *government*? I’m hanging my hopes on snake oil peddled by obvious grifters!”
@@alexanderfreeman3406 you mean something that's being printed from the sky by a corrupt government? You are right most people lose in crypto because they are stupid but there are some who are winners 🥳
4:18 Larry made out like a beast on that one. He got the bag for being in the commercial, and still came out spitting facts and not having egg on his face like anyone else in FTX’s commercials 😂
My folks mentioned this to me like it was common news. I was dumbfounded because they are not techy people. Even normal people have a pulse on this nonsense lmao
10:05 “It's like you're hanging out in Varrock and a guy said I'm doubling your money”. This one line has just made me realise how much of the super advanced and complex cryptocurrency market is just a series of runescape scams with higher stakes, better marketing, and paid celebrities. We're at the point where people are so desperate to make it and many are so short sighted that an average kid playing runescape back in 2008 has a better chance of detecting a money scam than someone who's put their life savings in Omegalolassblastcoin because some random nobody influencer said it was gonna be “tHe neXt biTcOin”
It’s essentially that episode of South Park where Stan goes to put money in the bank and the guys like “ sure let me see first we open an account sort out a debit card and apply any aaaaand it’s gone….” And then when Stan gets presses about him losing the money the guy just responds “ do you have an account sir….we’ll then I’m gonna have to ask you to leave” it’s that in a nutshell
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
"The largest L in Cryptocurrency history just happened.'
The largest L in Cryptocurrency history _so far._
its has falling alot lower than before, the problem is noobs need get thier crypto off the exchanges going bankrupt and put into cold wallet like nano x, not your keys not your crypto
The CEFI networks are not crypto currencies
Came here just to write this, u beat me to it lol
The largest L for crypto will hopefully be when CBDCs are defeated.
This is nowhere near the largest L in cryptocurrency..
There was a time when practically the only exchange people used was Mt. Gox, that hack was significantly worse than this. This whole ordeal doesn't even come close to Mt. Gox
a couple weeks ago my friend was enthusing about FTX, and he said that he would put half of his EMA allowance (a scottish allowance that the government gives to people 16 or over who are going thru higher education) into FTX. My other friend and i talked him out of it somehow, showing cryto scams and how its not just 'free money.' I swear to god that guy owes us at least a mcdonalds or something.
He owes you that at the very least!
Oh right. FTX is an exchange. Putting money into it is like depositing into a bank.
Filed under: Things That Never Happened.
@@imconfused1237 this guy literally said it like FTX was a coin lol
Shut up
Story that happened in your head.
2 things that bring me joy:
1. Charlie cackling
2. Charlie finding joy when shit hits the fan
3. Crypto screeches
parasocial?
Suck it easy
I wish I was a famous RUclipsr so that I have comments like this 😭
When your life is so shit you only find joy through someone else
“I think a lot of people are under the impression that everyone that has money is a genius.” That’s a pretty profound and elucidating statement
Lol you must have been someone who believed that at one point 😂
Well usually there mastermind criminals so that statement is correct lol
@@Daveeeeeeyhowyoudoing congrats stupid you stated the obvious
I mean the dude graduated from mit. he wasn't a dumbass for sure, but just because you got higher IQ doesn't mean you're wise.
when will people learn. bitcoin is cryptocurreny, cryptocurrency is bitcoin. everything else is a pump and dump scam.
I could just watch Penguinz0 narrate an ice cube melting
@Patrick39 get a JOB
@@rocketsrequiem stfu im better than penguinz0
@Patrick39 bro is definitely a disappointment💀
A freaking ASMR but not ASMR
Thats kinda what this video is anyways lol
His description of changing the coins from American market the Japanese market is the level of thought I used to make a profit selling iron arrows in RuneScape.
Buy a stack at 10gp per arrow, then sell for 11 in bank. Literally free money
Animal crossing turnips teaching everyone during the quarantine how stocks work:
@@p-__ debatable
@@p-__ this is the type of bot that I find funny
@KillTheLarpers Didn't ask + ratio + ye have scurvy + get b**ches + touch grass + no sunlight + basement dweller + get some maidens + no maidens
@@jakobwhaley5641 well my farts are better than his farta
Seeing Charlie being honest and humble about crypto losses is helpful.
I remember nick Mullen of cumtown lost like $33k it was hilarious
Cringe af
Corn is shit anyway
Based
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
Cyrpto Bros: "We dont want regulation government bad"
Also Crypto Bros: "WHERES MY MONEY I GAVE TO A STRANGER!? GOVERNMENT GET IT BACK"
If you own your private keys, then you are not trusting a stranger, if you keep your money on exchanges you deserve to lose your money
Unfortunately most of the people that lost are not "crypto bros" they are mostly average joes that don't know not your keys not your coins. Exchanges are most likely to fail and go insolvent during bear markets, we seen the same happen in 2014, 2018, and now 2022.
They did not get into crypto. They just got scammed.
Disclaimer: I'm not in crypto's.
@@michaelstollairetbarceo3287 if they are horribly managed absolutely.
EXACTLY!!
THANK YOU!!!
The whole friggin POINT of Crypto was to keep the govt OUT!!!
WTF are these jackholes doing!?!?!?!?
can't even feel bad for this company, they did it to themselves.
K-pop better + I’m the ultimate k-pop defender 🤓👶🏻☝🏻☝🏻🤓🤓🤓
@KillTheLarpers Damn it must suck being a bot getting paid less than minimum wage at McDonald's to have no life
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
@Patrick39 Touch grass
@@masterjimbo6657 it's a bot account. YT won't get rid of them because they pad YT's active user count to scam advertisers out of more ad revenue.
I love seeing the items added to his setup every few episodes, its like a protagonist's improvment arc.
Right? So fun to see
Arc
Yea funny how this guy is connected to the Democrat party and gave MILLIONS to their party and won't be charged with fraud because of it.
Like what? Just wondering
@@904_noah His posters, his pokemon cards, the moist sign, his youtube plaque, moist esports shirts, pepe for some reason, G-fuel mini fridges, etc
sad for the normal people that lost their fortune but billionaires losing their billions always puts a smile on my face
Oh well, that's what happens when you put your money into a scam
Only if they deserve to lose it
@@labtec514 And that's very sad for your regular person. Like, think of the old people not being well educated and just hearing it everywhere and then putting money into it.
I wish I could enjoy it, but I just think of how much good that money could have been put to instead of just being poofed away uselessly... They could have thrown it away in a charity, bought land to protect trees and wildlife, put it into cheap housing to help people in the upcoming cold months, heck they could have just set it on fire in homeless areas to give them warmth... It'd be a pretty sick thing to do, but it'd still be more useful than making it disappear... Such a waste.
Cuz u dont want anyone to be better than you xd
Between metaverse, Elon's twitter implosion and FTX and crypto "people think just because you have money you're a genius" is the statement of the year
Tbf the problem with Elon was also that he PORTRAYED himself as a genius. He himself thinks he is and his fans do too. I remember when we saw Elon was gonna buy Twitter, my uncle gave him way more credit than he ever deserved. I told him that dude was stupid and here we are
Also applicable to the film/game industries.
@@nohooligans888 yes the rocket engineer and richest man in the world is stupid. thank you my dude. I'm glad we got your mc donald's degree take on that.
@@CSRT123 I don't think Elon Musk is stupid, but I do think he's become overly self-confident. He had a string of big successes, got a lot of great press, poised himself as the king of Tech, but I think at this point he's going off the rails. He seems to be under the assumption that just because he was really good at one thing, or even a few things, that he can just waltz into any industry, or project, and just slay puss all day. And that's just not the case; even the smartest man in the world can't do EVERYTHING right, and he is not even close to the smartest man in the world.
@@MrGeorgeFlorcus I wonder how his children's view on him when all this happens. I had a feeling his children will try to usurp their father and take over his company once they reach legal age.
I laughed at their Super Bowl commercial with Larry David last year, because I knew it was only a matter of time until it looked absolutely ridiculous. Happened sooner than I expected, honestly.
They proved Larry David was right after all.
@@CJODell12 The entire point of Curb is that Larry is usually right but in the most obnoxious and annoying way
I laughed too but I didn't pay attention to who it was doing the commercial, I think at the time I assumed it was Bitcoin
It's like watching a train crashing in slow motion, except all the passengers are telling everyone how it's not only going to be okay, but that you should hop on in there with them.
and destroying the train
Lmao these comments always come up when crypto stoops to a price u can afford
@@Juicepar When else am I supposed to talk about a crypto exchange self-destructing?
Exactly!
@@Juicepar spotted the andrew tate viewer
It’s time for a Crypto Scammer Tier List
Agreed
@@burymeinjhenny918 Why did I read that in Davy Jones's voice?
@@abuttnugget6753 hahah I have no idea why, but that made me laugh, thank u for telling me matey 🤝🏴☠️
or a coffeezilla crossover
he better include Willyrex
As someone in the financial industry it’s funny watching CryptoBros find out why banks and the stock market is so regulated 😂
Is it so $10tn can be printed out of thin air?
They are regulated so that the government can print the correct amount of new paper money after the old ones wear out man
@@imconfused1237 2008 economic crisis was engineered to manipulate people into debt... crypto scams are engineered crises to manipulate people into digital slavery... governments worldwide want centralized digital currency. Welcome to the New World Order
Funny that the same people behind the crypto crash are also the ones running most banks... Hmmm....
@@Zer0Skateboard that’s…. Exactly why we need and have regulations… so they CAN’T do this kind of thing to you… they saw an unregulated market and did what they always do with unregulated stuff, screw over the everyone they can
“Step 1: start rich. That is almost every billionaire story.”
FINALLY A BIG RUclipsR SAID IT. You’re extremely based Charlie.
~60% of people with a networth of 30mil$ or more come from a combination their parents money and their own self-made income
~20% of people with a networth of 30mil$ or more are entirely self-made
~5% of people with a networth of 30mil$ or more are only feeding off daddy and mommys money.
so yes if u wan to b rich. it help have mom n dad b rich
edit: ~15 didnt answer. Also entirely self-made means that had very little to no help from their parents.
Hey bro don't say "based" that's some incel lingo.
@@solarfreak1107 caring about "incel lingo" isn't very based of you
@@bouclechocolat not very based indeed
@@bouclechocolat Okay, glad I'm not "based". I would rather not use a word that a degenerate group use often trying to justify sexual slavery and pedophilia.
Everything I go on reddit and see people using the word, it's bound to be an incel.
I recently got a presentation assignment from my Digital Transformation lecturer about how the metaverse could evolve the way businesses work and it was the hardest thing I ever did when I had to go in front of the whole class and explain why the metaverse was great, amazing, and totally not a dumpster fire.
Hearing it already sound so rough man
Damn dude you got intellectually neutered lmao
Mate that's a problem with many of those kind of courses. Any new course based around new concepts is often full of BS. I started a degree on innovation a couple of years ago and decided to drop out after I noticed the lects where making stuff up as they went along. I'd be better off doing a philosophy or history degree even
No worries I had to listen to a presenter mentioned how the Metaverse is going to be the next big thing for the digital world and my inner gamer knowledge wants to dump in VRChat.
The metaverse is just VRChat Lite
Everyone needs to be a bit more like Larry.
Best advice ever.
Pu
LIVING LIKE LARRY!!!
I've got 10 forks right here baby!
Anti-Scamming those guys on RuneScape was so good.
"Hey if you double this 100k for me, I'll give you 1m to double"
*doubles 100k*
*log off*
The only people dumber than the victims are the scammers.
just like eve online ahh
The issue with crypto for me was that the money was not coming out of nowhere. Someone in the end would inevitably take the fall, and I didn't want to be that person.
Classic pyramid scheme right from day one.
@@ianrobertson3419 but isn’t the whole economy a pyramid scheme too? The point of Bitcoin is to have a decentralized financial system so that the 1% of the power hungry billionaires don’t control your money. All the other coins are shitholes that should not be invest in !!!! They will all fall eventually
Unless it's proof of work
@@spaceyogurt546 explain how changing numbers on a screen translates to more precious metal being mined to cover it
@@contraband1543 By verifying that it exists, it has some amount of value. If you think about it, the trillions of dollars the fed pushes into existence is backed by less than a proof of work blockchain based currency. I'm not saying fiat currency is bad for a country, I'm just pointing out that the "it has no real value" argument against PoW is funny when almost every nations' currency is created from next to nothing.
This L was so huge, my dad brought it to my attention before Charlie did, now this is surprising as my father is a milk collecting connoisseur so he’s gone a lot.
😂😂😂
Udder genius
He’s the Milk Man
@@WhatSaab Is his milk delicious?
@@zzxp1 he has the finest milk in all the land
I mean I'm surprised it didn't tank after the whole Canadian trucker thing. The main appeal in crypto was it was supposed to be immune from government control and or censorship. But you had the Canadian government shut down their crypto donations. Which quite literally dumped on one of the primary reasons it made it appealing.
@DONT READ MY PROFILE PICTURE it's fucking 2022 are you serious
@Patrick39 Are you manually typing these out?? I've seen like three different variation in the same video.
@@qreuesant-4349 It's a bot, just like all of the other ones of these copy paste comments
100%
I’ll probably hold a few coins, but I know I shouldn’t. It’s a failed experiment
There is still some people down the road from my house still protesting I have no idea what they are protesting but I do know it is something to do with the convoy idiots
This is literally just a mini, online great depression. Except this time, the value of the currency wasn't the economy of one of the largest countries on the planet, the value is backed by "trust me bro"
Almost every modern currency in the world today is like that. Modern currencies are backed by banks going "trust me bro"
@@Kreze202 The difference is who is saying "trust me bro," A country with a massive economy or just some random dude
Remember kids, no matter how tall you’re standing, if you build your ladder out of cardboard, only the smallest bit of rain can bring it all crashing down.
🎯
Wise words
What if the cardboard is laminated?
@@Ozzie_Mandias you are still climbing on cardboard
Charlie admitting that he took a big L and calling himself being stupid is why he deserve all the attention. He knows and admit when he is wrong.
until the next crypto rally and he jumps back on the crypto hype train, yeah baby!
@@kavemustermann this is so charly
Yeah he was actually being serious about this.. Buy Wownero while its cheap to be the next dogecoin millionare.
@@filthyfrankblack4067 Buy my shitcoin to become an instant octrillionaire.
*I'M BETTER THAN PENGUINZ0, MY CONTENT IS BETTER!*
thank you, charlie, for never becoming a crypobro.
Bro I’m so sorry ur comment got botted so hard
Too late for him
@Patrick39 hell no you aren't
I'm worse than penguinz0
K-pop better + I’m the ultimate k-pop defender 🤓👶🏻
11:29 WTF?! I feel that deserved an even bigger eye role. That's like telling a bunch of people treading shark invested water that seeing a boat should motivate them not to be drowning.
I swift kick in the nuts for that individual would probably give him motivated to make more money to pay better security so that way he wouldn’t have to be kicked in the nuts!
its poetic how this turned into another Meta L. Truly divine intervention.
metaverse is the future? well then how did it just take a massive L?
@@DripDrangonheadnobody has ever said meta is the future
@@Pactastic042 Well, zuckerbot says it's the future, therefore it's not. ;)
@@DripDrangonhead wtf are you talking about? did you reply to the wrong comment?
As much as I LOATHE Meta, at least Zuck dumped a ton of money into trying to put out a (sh1tty) product. SBF and Co. were just pumping empty "value" into a circular system that didn't even attempt to produce anything
The fact that there is a metaverse implication here makes this even more gold
I mean that's a twist I never expected 🤣🤣🤣
It's like some sort of cameo in a marvel movie
Nah, Meta is still very much alive and well, you'll see. In a couple of years, most people will be living in the Metaverse like it's the actual real world. And I can't wait for that to happen.
@@ghosthunter7496 cope, you've copypasted that comment on at least 2 other videos...god that's sad
@@ghosthunter7496 “Metaverse is the future” - 🤓
"NFT's will flip traditional art."
-Decrypto Bro 2022
K-pop better + I’m the ultimate k-pop defender 🤓👶🏻☝🏻☝🏻🤓🤓🤓
Bro these bots wtf XD
Cringe af
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
To be fair, traditional art is the exact same scam.
We should all be like Larry and miss out on Cryptos and NFTs.
I love that commercial alot lol
Based Larry
@@mrgodzillaraptors8632 he truly is
I simply cannot believe the fake money ended up being fake.
Literally all money is fake lmao
You do know those paper and coins you carry have little value as well... right? I mean, except if you sell them as paper or whatever metal the coins are made of.
@@shantehernandez6750 Cope
@@pretendtheresaname9213 Cope
@@shantehernandez6750 money backed by a sovereign nation with a military and ability to print more of it is, by definition, not "fake". it is a social construct, sure, but social constructs are very much real things
this is just a nice, heart-warming story
THE BOTS HAVE ARRIVED...
npc comment
Cringe af
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
@@sasakikojiro8539 npc comment
I feel that if everything I learned in life was taught by or at least narrated by Charlie, I'd understand much more than I do.
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
there is a reason why we revere him as our lord and savior, Internet Jesus.
@Patrick39 👍👍👍
Yea funny how this guy is connected to the Democrat party and gave MILLIONS to their party and won't be charged with fraud because of it.
For real! He's so natural at finding little jokes in whatever subject he's talking about and it keeps my attention even if I'm not interested in the topic.
Man atrioc seems like a fun guy! Hopefully he doesn't get into any controversy
Aged like fine milk
@@warthunderenjoyer pretty sure the comment was posted after the controversy, is an ironic comment xd
what did he do? i rarely follow ...well anyone. edit: if there is a TLDR obviously
He accidentally exposed himself being subscribed to a deepfake website, and the actual tabs he exposed was some of his own twitch coworkers.
TL;DR: masturbated to fake porn of someone he knew and accidentally outed himself.
@@Xylehekbought ai n*udes of fellow female streamers, including some of his friends girlfriends. It was basically just a massive invasion of privacy, really gross stuff
The guy whose clip you’re replaying nailed the liquidity problem:
They COULD sell the coins, but IF THEY DID, the very act of selling some those coins TANKS THE VALUE OF THE COINS (if the coins hadn’t already lost their value anyways).
Massive exchanges like this have such massive holdings that they literally can impact the value of a coin. It’s crazy.
The other issue here is that they got hacked…and lost all their holdings…so they couldn’t even sell their coins because they didn’t exist anymore…
Yes, they were "hacked" - all signs point to a very inexperienced insider, based on the ineptitude of how they went about it and covered their tracks, rather than an outside attacker just coincidentally picking that moment.
Saddest part is that if they just held the coins and traded normally they'd make a ton of money from fees on high volumes--they're just greedy f*cks
@@jasonpelletier8066 backing soros for funnies.
Atrioc talking about the FTX crash while wearing an Enron cap is a boss move
As a CPA (not in the US), knowing this is gonna be in the curriculum of future aspiring auditors and accountants in the future as just another major case study, it's just super fascinating and also kind of dumbfounding seeing it in real time. I was in Uni and the Enron case was just one of many but notable events that affected acctg and auditing standards around the globe that we had to study. It felt so distant because it didn't happen in my generation. And now looking at this, I'm kind of interested in how this is gonna impact things. I kinda LOLed at the first meta CPA firm, but it does make one wonder about what type of auditing and accounting standards you can bend since this is all new Unregulated territory.
No one will learn though, this same type of crap has been going on for 400 years, just the names and places and investment products are different each time. Banking regulations are boring, shortcuts are exciting, so someone will always be there to provide the risky shortcut and someone will always be there to buy into the risky shortcut.
Yea funny how this guy is connected to the Democrat party and gave MILLIONS to their party and won't be charged with fraud because of it.
I assume you're also from Philippines(Congrats for becoming CPA!)? I am also quite curious with all the standard they parted with just for these scams and even banking and currency laws they broke lol.
Professors really love Enron incident. Everytime we took lessons on Auditing Theory, its name and the auditing firm who collapsed with them is mentioned for xxth times.
Sounds like CPAs are going to earn more money then🤑
What does CPA mean in this context? I only know that in marketing CPA means ‘Cost Per Acquisition’.
This really be a bruh moment now (Atrioc)
Ftx literally did the exact the same thing that bank tellers did right before the great depression
History seems to be repeating itself. I wouldn't be surprised if we have another great depression and another world war.
FTX is the reason why the FDIC exists.
And it's the very reason that crypto exists in the first place: to DECENTRALIZE finance and allow people to be SELF-CUSTODIAL. The only people who lost money on FTX were people who did not understand the first, most basic thing about crypto.
yeah and guess what fucking happened after the great depression? massive regulations to prevent this shit from happening again. but in the past 40-50 years there has been a slow weakening of these regulations so the wealthy can keep enriching themselves. what a fucking surprise that all of the same shady shit that happened before the great depression keeps happening under the same loose regulations
I'm a pretty simple guy and with how fast things are changing sometimes people will tell me it's not necessarily the best to stay that way... idk man with all this shit burning to the ground i'm starting to be thankful more and more for the simplicities lmao
Why are u happy that a billionaire stole money from ordinary people
@@emanevitaerc4367 Sorry Eman... Didn't mean it like that.
im a simple guy too. i too stay away from bs like this. if i cant understand it, other people cant and thats bad
@@emanevitaerc4367 gullible*
@@emanevitaerc4367 he said he was thankful, not that he was happy with people having their money stolen
As an accountant, hearing “metaverse CPA firm” blew my mind.
On a scale of 1-10 how necessary is the ability to translate into a Mii character, like with Nintendo Wii, to your ability to do your job?
i adore how casually open you are w your mental health charlie. its comforting for those of us w/ similar struggles
Charlie can discredit just about anyone and all he has to do is make them wide in his thumbnails.
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
I'm kinda impressed. I didn't expect the cryptobros to be even worse at investments and monetary policy than the federal government but they found a way.
ironically, federal bonds and treasures are the most reliable investment
Proving that you can not just trust all the power and the money to the people as everyone seems to think.
SBF has Democrat donor vibes. He says crypto needs to be more regulated, but only wants regulations that will make himself richer. Then he bribes the people in charge to get it done. BTW, he has ties to SEC Chair Gensler, and Gensler didn't do anything. Just a reminder that they aren't look out for you, just themselves.
Exchanges are not cryptocurrency they are traditional banks.
Government bad mkay?
I have such a shit eating grin seeing crypto bros take L's but I do feel really bad for those who didn't really understand Crypto and got into it.
Yeah, I feel like a bunch of innocent people went in thinking it was like investing stocks or something without really getting it. Which is pretty stupid in and of itself, but I still feel bad for them
@@p-__ Lmfao
@@vraksoffender261 bruh these bots are commenting the same comments in a ton of threads on Charlie’s
@@cass6082 i never feel bad for stupid people ignorance is bliss
I don’t get it lmfao what the fuck is a crypto bro. It’s just people with money converted into a non government currency
"Millions of innocent lives ending in a surge of chaotic drama"
Charlie: Yes, my sweet sustenance.
Game is Game
That "copium" thing Charlie was referring to about people not being able to quit by rationalizing that money/effort spent should correlate positively with results/success as a way of validating that effort and spending is an example of psychological entrapment. You see it all the time in many forms of gambling.
Which, unfortunately, is exactly what crypto and stocks and shit like that is. The fact anyone would put ALL their money into it is insane.
It’s called a “Sunk Cost” fallacy in logic. It has roots in evolutionary biology essentially primates are not perfectly calibrated between being risk averse vs. reward seeking.
This type of rationalizing seems to result from one of the quirky imbalances.
Yeah, sure. But you don’t need “copium” (cute phrase) when you zoom out. It’s only going in one direction fellas.
Lost my first set of adamant armor to a "gold trimming for free" scammer in OSRS....Ahhhh the memories
Sadly, it seems like every generation has to learn on its own that banking regulations exist for a reason, and that this time is NOT different.
If you invest in an organization which has an outspoken guy at the top, who seems more interested in upping himself than boasting about many banking regulations they're in compliance with, you're gonna lose your money guaranteed. An exchange issuing its own token is pretty much the same thing as the 2008 subprime mortgage driven crash.
Banking regulation doesn’t seem to have stopped historical inflation. Maybe they forgot to notice $10tn being printed.
It's like the US prior to the Banking Act of 1933.
Maybe banking regulation wouldn't be needed if people used crypto the way it was intended; you know, being THEIR OWN BANK. Trusting your money with a centralized authority is the LITERAL ANTITHESIS OF CRYPTOCURRENCY. Everyone who got wiped out from FTX absolutely deserved it, and the entire space is better off for it.
@@varg3815 Crypto's intended use was and still is unrealistic libertarian fantasy. The entire system is a wet dream for scam artists. Eliminating consumer protections disproportionately benefits liars, grifters, and thieves.
U know that what FTX did is exacly what our banks do everyday
“I felt a great disturbance… as if millions of crypto wallets cried out in terror, and were suddenly silenced.
I feel something wonderful has happened.”
_-every anti-cryptobro_
I despise those RUclips commercials that claim they're giving you a one time offer that'll supposedly end when the ad does. Hardcore FoMO targeting, and I know for a fact I'll see that commercial 100 more times over the next week
I’m not usually one to enjoy other people’s misery but damn, the crypto-bro culture was probably the most annoying thing to happen that I can remember in my lifetime. “You’re literally stupid and actually hurting yourself, it’s totally the future and how the world will operate in the next few years.”
This kinda news just cracks me the hell up lol.
This is why people need to be educated on how finance works starting in middle school and break the whole Get Rich Quick American Dream way of thinking.
Nah this is good. Now these broke asses who didn't learn any real skills will be working at McDonalds, driving ubers, mowing lawns, working in Amazon warehouses for the rest of their lives.
9:32 jumpscare alert D:
" Should I buy a house, or a link to a pixelated picture of a monkey? "
- Busta Rhymes
charlie is intelligent enough to both recognize his own past mistakes and to dunk of cryptobros in the same vid. nice
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
He also states that Binance is probably too big to fail…then sees half its holdings are in its own poopcoin
@@gomjabbar6246 hey, wanna buy my memecoin? Only $69.69 😎
The problem is people need to get thier fking coins off exchanges and put onto cold wallet like nano x, not your keys not your crypto, every bear market people always like its dead broo
@@gomjabbar6246 BNB is used to pay gas on BSC which has 2nd highest TVL. How is that poop?
The largest crypto crash yet
I've heard that sentence like 6 times this year
Its because ppl want it to die desperately. Itll be back
love seeing small time streamers like Atrioc getting the spot light
He's getting plenty of spotlight at the moment xD
@@dinerjm8784 fr lmao
its really hard to imagine people didn’t expect this for its just mind boggling
Being an economic student this is absolutely incredible to see… but it’s a miracle I understand anything he’s saying😂
it's like watching a fireworks stall burn up
No company is "too big to fail" Charlie!
K-pop better + I’m the ultimate k-pop defender 🤓👶🏻☝🏻☝🏻🤓🤓🤓
What about those who have a monopoly? My dog used to say "You cant fail if you're the only one on the market".
Especially crypto companies. They are all a house of cards. The second people think their token is worth nothing, they have 0$. At least with something like Amazon they warehouses, shipping and logistics, and shitloads of product on hand.
Crypto companies have the suitcase from Dumb & Dumber full of IOU notes. "That's a car. 750 thou. Might wanna hang onto that one!"
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
Report the bots for option 3. Only way to trigger the autoban.
The commercial backfiring is so hilariously funny!
The smirk of Larry gets a new meaning of "told you so" in such a huge manner. The micdrop is among the best micdrops of recent years.
What I dont understand: Why did people believe they can get out of this? Wasnt it always supposed to be: If you want zo get out, you need to sell your crypto...and if noone buys it -> poor you!!!
How on earth did anyone thinking of getting refunding if it all goes to shit.
Seeing crypto companies crash brings a smile to my face
@Bvbs it's good.
@Bvbs because it's fraud and it makes the markets full of useless spam
@Bvbs because they're all essentially ponzi schemes
Just don't be poor. Not that hard really.
So you enjoy with Charlie loses money? If you think he doesn't have hundreds of thousands in Crypto. You are delusional.
2:46 I can’t unhear Rick and Morty Lighthouse Keeper screenplay guy’s voice when Sam introduces himself
I love watching all these crypto investment schemes (if you can call them that lol) go down in flames. Each of them has a unique spin, each story feels like could go in any direction and I'm all here for it, popcorn in hand.
creators of crypto knows someday the market for fake currency would crash. Its literally just a pyramid scheme. Investing in something with no value and effective supply at all is mind boggling and stupid
Well they are "schemes" for a reason
crypto is meant for professional day traders and swing traders...if you are an expert analyst with accurate macro views you can trade it pretty successfully as well....if you are investing in crypto you're an idiot. take some years to teach yourself how to trade.
Another will form in another four years with the next BTC bull market.. This is all good. The crypto market need the scammers to collapse so it could get back to business of NOT being a sudo fiat system..
I’m enjoying it as well. Popcorn in hand.
While I myself was affected by the collapse of crypto lender Celsius and lost around $300, I was fortunate enough to get out of FTX in late August/ early September. I moved everything I had from FTX because I didn’t like Sam’s personal political affiliations but more importantly I noticed they were paying 8% interest on whatever you had in their exchange which was a red flag to me given what happened with UST and Celsius.
It's actually crazy how often crypto crashes.maybe people with fucking learn there lesson this time
I wonder how often can you state some others?
It's been a pretty standard bear market this year, nothing crazy
Bc it goes back up. U can’t crash unless ur up
It’s actually crazy how often crypto gives newbies an opportunity to make money
let’s hope it crashes permanently 😊
- I watch Coffeezilla for all the smart lingo to feel like I know what’s going on
- I watch Charlie for the Layman’s terms to actually* know what’s going on
Charlie is the only man who can sound intelligent and BE intelligent while using random words
4:20 (haha, nice)
Living Like Larry moment
Imagine trusting a guy named “Bankman”
Finally a video I can watch both Charlie and Atrioc this is bliss….. pure bliss
7:00 made my entire car shake 😂
Charlie’s analogies are pure gold
Charlie´s storytelling ability combined with his amazing vocabulary is a joy to listen to
3:34 fun fact: a similar international method was actually the premise behind the first Ponzi scheme!
Thanks for bringing this to my attention I’m taking finance right now and we are learning about banks and types of accounts and stuff. Crypto could very well be our next lesson. Glad I’m hearing about this stuff though.
I hope they don't promote crypto as a good thing oop
“(Crypto) fell (apart) like you would fall asleep: slowly and then all at once.” -John Green
11:06 "Fuck I'm misquoting him, it was even worse than that. God dammit, what did he say?"
Damn, that gave me a good laugh.
The fall of the metaverse and now FTX proves we do not live in the darkest timeline.
Biden is still president, so still quite dark
Damn a worthless currency suddenly becomes worthless. Who would’ve guessed.
Which currency is that? FTX is an exchange
@@imconfused1237 It's all a scam and it's all crashing.
@@imconfused1237 FTT
@@ianrobertson3419 You sure about that bro?
@@imconfused1237
If it isn’t a scam why are you trying so hard to convince people to buy in?
17:10 BUSD isn't Binance's token, its joint token by paxos and binance and redeemable to dollars via paxos which is the first stable coin issuer that got all licenses in US, although after what Gensler did with FTX, the value of said licenses is very questionable indeed
What’s hilarious is if you started buying at this exact moment this video came out you’re up 300% on bitcoin.
15:40 no company is too big to fail. That's a term for companies who get constant bailouts by the government or run on government contracts.
Everyone knows not to spend what you can't lose.
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
Not everyone
2 dollars is precious money
I have some crypto such as BTC only $40. But, it's only due to the fact most people take it as payment due to not being able to chargeback.
I feel bad for any fool who gambles thier rent but are just that, foolish.
A huge L for crypto is a huge W for humanity
And a huge F for fiat
Cryptobros always have the most baffling mentalities. “Fiat currency? Why would I trust something that’s backed, regulated, and insured by a *government*? I’m hanging my hopes on snake oil peddled by obvious grifters!”
@@alexanderfreeman3406 you mean something that's being printed from the sky by a corrupt government? You are right most people lose in crypto because they are stupid but there are some who are winners 🥳
Y'all barely know anything about crypto currency! You're just hating because it's the cool thing to do now.
@@ghosthunter7496 it's always been the cool thing to hate crypto. That's not new.
9:35 this was indeed one of the scariest jumpscares of all time
"Sam is the most generous billionaire." Sam then steals from other people's deposits.
Sam is the most generous...with other people's money.
1:42 sunken cost theory is so true and can be so frustrating in said position
Fallacy, it’s not a theory.
"This is whats called a pro-gamer move."
-Charlie, 2022
4:18 Larry made out like a beast on that one. He got the bag for being in the commercial, and still came out spitting facts and not having egg on his face like anyone else in FTX’s commercials 😂
My folks mentioned this to me like it was common news. I was dumbfounded because they are not techy people. Even normal people have a pulse on this nonsense lmao
19:25 Charlie you explained why this whole video even happened in 3 seconds
he’s live right now and has a video uploaded at the same time. i was conflicted on what to watch. i’ve made my decision. nice to see some of you here.
K-pop better + I’m the ultimate k-pop defender 🤓👶🏻
i hate these fucking bots.
Open two tabs, watch both at the same time 🧐
MAN LIKE WHO CARES ABOUT ALL THIS SHIT. POO POO DOO DOO
6 spam comments on this thread alone jfc
man its almost like when the government is not involved people will scame you this is what happened for multiple depressions
18:27 Yeah let's thank the world ender for this glorious video
11:18 Rich people logic never seizes to amaze me
10:05 “It's like you're hanging out in Varrock and a guy said I'm doubling your money”.
This one line has just made me realise how much of the super advanced and complex cryptocurrency market is just a series of runescape scams with higher stakes, better marketing, and paid celebrities.
We're at the point where people are so desperate to make it and many are so short sighted that an average kid playing runescape back in 2008 has a better chance of detecting a money scam than someone who's put their life savings in Omegalolassblastcoin because some random nobody influencer said it was gonna be “tHe neXt biTcOin”
I can trim your BTC into BTC(t) for free if you like?
It’s essentially that episode of South Park where Stan goes to put money in the bank and the guys like “ sure let me see first we open an account sort out a debit card and apply any aaaaand it’s gone….” And then when Stan gets presses about him losing the money the guy just responds “ do you have an account sir….we’ll then I’m gonna have to ask you to leave” it’s that in a nutshell