Dropped 100$ in doge

xtsho

Well-Known Member
Led away from court in handcuffs after being denied bail.

The look on his face.

1671009668601.png

Lets see how long until he changes his mind about fighting extradition to the US. Shouldn't be more than a couple nights in the Bahamas jail.


 

xtsho

Well-Known Member
Well that didn't take long. Looks like SBF has decided to waive extradition to the US. Amazing how a few nights in a rat infested Bahamian jail can make a person change their mind. :mrgreen:

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.


 

DrDukePHD

Well-Known Member
Well that didn't take long. Looks like SBF has decided to waive extradition to the US. Amazing how a few nights in a rat infested Bahamian jail can make a person change their mind. :mrgreen:

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.


Is crypto even worth investing in at this point?
 

xtsho

Well-Known Member
Damn this is moving fast. He couldn't get to the United States fast enough after being locked up in the Bahamian jail. The other main players have already pled guilty and are cooperating. They're all going to prison it's just a matter of how long. If Sam's lucky he'll be out in 20-30 years. Plenty of time to think about those few years of luxury he was living. Paid for with Other People's Money.

 

xtsho

Well-Known Member
This thread sure has gotten silent. I remember telling people to take profits while they were to be had. Who did and who didn't? I'm sure some got caught up in the hype and held all the way down. Dogecoin is now back to the price it was when this thread was originally created after reaching an all time high of 0.65¢ on 05/05/2021 which was just a couple months after this thread was started.

Current price:

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xtsho

Well-Known Member
:(


 
Crypto seems like it was a flash in the pan. Really hard to say if it will ever regain after such a wild swing, and scared people off of crypto that lost thier asses this year.
I can understand why you might feel that way about crypto, but it's important to remember that this technology is still in its early stages and it's hard to predict what the future holds. While crypto may have had a wild ride this year, it's also possible that it could rebound in the future. It's always important to do your own research and invest wisely.
 

ComfortCreator

Well-Known Member
From my perspective, crypto was a way for people to buy and sell illegal products and services. If I remember correctly, there is/was a dark web where people bought and sold drugs and other things they couldn't transact through the legit web. Drugs, stolen credit cards, transactions for sex.

Bitcoin may have suggested a higher purpose but in the end (again, my take, likely wrong), it is a scheme to try and make fast money with no underlying value. Currencies are backed by country's Treasuries...crypto has no backing on purpose. In theory it is a higher purpose, in practice it is hard to understand why it is considered legit by anybody. Speculation is always cool I have no issue with anyone making a fast buck or exploring new concepts.

But nobody has ever told me what actual underlying value exists in crypto. Just the belief that others will value it too...
 
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