Americans Have Lost $1 Billion to Crypto Scams Since Last Year, Feds Say

[JackMorgan]

American households are also paying about $2,200 more a year for gasoline (and it's going up by the day). Someone do the quick math and see which is worse...

Way too many people driving around aimlessly , clogging the roads. Time to get real .

 

[Snarkhund]

Way too many people driving around aimlessly , clogging the roads. Time to get real .

Horse and buggy then?

Never has an ET member projected pure oldness as you do. They say 70 is the new 50 but if you aren't 85 fucking years old I'm going to be shocked.

I'm a bit quick to block people but I'm pretty sure at this point you add ZERO value to any discussion of crypto.

Btw, the guy you have focused on took profits, paid off his home, secured his family and kept about 50% on the table. What, exactly what skin do you have in the game?

STFU.

 

[RedDuke]

Bah... Madoff's simple scam cost investors 65 BILLION back when a billion still was worth something...

Who cares about a single billion today?

I do, wish I had one

 

[maxinger]

good thing is that only fools and gullible lost money to the Crypto Scammers.

 

[Trader Curt]

Horse and buggy then?

Never has an ET member projected pure oldness as you do. They say 70 is the new 50 but if you aren't 85 fucking years old I'm going to be shocked.

I'm a bit quick to block people but I'm pretty sure at this point you add ZERO value to any discussion of crypto.

Btw, the guy you have focused on took profits, paid off his home, secured his family and kept about 50% on the table. What, exactly what skin do you have in the game?

STFU.

Absolutely right.

You deserve a trophey for that comment.

 

[misterkel]

It's also minted a fuckton of millionaires in very short order.
So, yeah, it's high-risk, but very high reward if you nail it.
I've lost to some scammy stuff, but I'm net much higher profit than in the tradfi markets.

 

[albion]

IMO ..... 100% of scams can be avoided by using common sense.

This is precisely the common sense reason why I avoid Cryptoassets and NFTs.

 

[savoir]

Bah... Madoff's simple scam cost investors 65 BILLION back when a billion still was worth something...

Who cares about a single billion today?

The $65 billion includes the fake profits. Direct investors lost around $18 billion, of which over 80% was eventually recovered.

 

[albion]

American households are also paying about $2,200 more a year for gasoline (and it's going up by the day). Someone do the quick math and see which is worse...

My wife and I have spent under $500 on gas over the last 6 months (including mower gas) due to my wife's 3 minute commute and my working from home as a freelancer. But the time saved is priceless. Commuting is a kind of self-imposed scam; but irregardless, Cryptos and NFTs are a much bigger scam.

 

[MKTrader]

My wife and I have spent under $500 on gas over the last 6 months (including mower gas) due to my wife's 3 minute commute and my working from home as a freelancer. But the time saved is priceless. Commuting is a kind of self-imposed scam; but irregardless, Cryptos and NFTs are a much bigger scam.

Commuting isn't a scam. Green energy, banning pipelines and refusing to renew oil/gas/nuclear leases is a full-blown scam, though, if not domestic terrorism.