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Don't forget. "If he is Poor", they still have to option to get the TAX Payer to pay for their mistakes! :caution:

Unfortunately, this proof-of-reserves thing is just hype. We know this because 100 years of expecting financial statements of corporations to be fool-proof/audit-proof/idiot-proof have given us nothing but failure after failure after failure. No many how many times we try to improve on this...

Wrapped tokens issued by FTX or Alameda collapsing, no longer redeemable https://www.theblock.co/post/186326/wrapped-tokens-issued-by-ftx-or-alameda-collapsing-no-longer-redeemable?utm_source=rss&utm_medium=rss That said, I really have no clue why someone would STILL own Solana especially...

I had always wondered if Bankman was just a pen-name.

Says this won't ever happen again... So it's all ok guys. No worries!

During my break at work today I checked my portfolio just out of curiosity. Saw crypto turn around and start to tank a little again. Decided to check the news to see what's up.. sure enough- Chapter 11 bankruptcy right on the top page. Oh, he's the character all cheaters use in Civilization IV...

Agreed. Just like the 'real world'. Agreed again. Unfortunately, in your REAL WORLD, the government always steps into use YOUR tax-payer's money to bail out these fat cats and give them even more millions of dollars paid in bonuses for doing such good jobs as to bankrupt the too-big-to-fail...

Well holy shit. At first I didn't ever think of SBF being Chef Nomi, but now that I think of it, I wouldn't be surprised. Kinda like how we only found out AFTER the fact about Do Kwon's split personality and the shit-show he had been involved with earlier. Not to mention a particular member of...

The best part of Cramer... "Oh my... he's using all caps! David, he's using all caps!" :D

All these amazing traders here, and no one else took advantage of last night's dip?

That's like saying someone is not dead. He just had his head decapitated. Any company who has liquidity issues, definitely can be considered insolvent. There are multiple ratios such as the quick-ration/acid test which are commonly used by even amateur investors as the liquidity is so very...

Ahh so that explains it. Now I know why Alameda was placed as a top holding in the Woke-Feminist social action fund. I hope everyone got what they paid for...

And you would have already got stopped out today, in just under 24 hours.:D Looks like I fucking NAILED it again last night. Not sure why no one joins me on this forum when I dive in on these swings.:fistbump:

I'll have to see what comes to light. From my understanding, the problem was FTX was in reality 'illiquid'. His competitor took full advantage of this and caused a bank-run. Many highly profitable companies go bust because of 'illiquid' issues, which is a real risk when they expand too fast...

I just found out that Galaxy Digital is also caught in the contagion and may end up going under as well. Interest times, it's like watching the FIAT banks before the CDIC became a thing to supply insurance...

Most money isn't exactly lost buying too early on the way down, it's missing the rally on the way up. Stats after stats done on market returns show that just missing a very few precious days of the largest returns screws you over totally on the portfolio. It literally can make or break...