[retiredguy123]

The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.

[JMintzer]

You "fully understand" the Stock Market?

If so, you're the only one!

[JP]

I agree with you except this Bankman guy and his "girlfriend" need serious jail time. You can't transfer money from one business to another especially this crypto baloney.

[tophcfa]

Ever since crypto crashed there has coincidentally been a large increase in the amount of lightly used Teslas available on the market. Read between the lines on that!

[Aces4]

Originally Posted by retiredguy123

The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.

I feel the same way about people who lose money in the stock market, they should know better and that, IMHO, it’s a Ponzi scheme. No sympathy here.

[manaboutown]

Dropping Like Coin Prices: 3 Crypto Billionaires Have Died in the Last Month

[Caymus]

Originally Posted by JP

I agree with you except this Bankman guy and his "girlfriend" need serious jail time. You can't transfer money from one business to another especially this crypto baloney.

Any jailtime for FTX's "Environmental & Social Initiatives Adviser"- Gisele Bundchen? FTX did not have a Board of Directors, but they had her.

[Dotneko]

Originally Posted by retiredguy123

The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.

Wow. No sympathy? It's unfortunate that there are some people who aren't as all knowing as you. Careful, falling off that high horse can be painful.

[Blackbird45]

Cryptocurrency today something else tomorrow. The old saying "If something is too good to be true, then it's not true". Everyone wants to make money on their money, but there comes a point when the payoff defies reality. Cryptocurrency is just one in a long line of scams where people were enticed by their own greed, and it won't be the last.

[mkjelenbaas]

Originally Posted by retiredguy123

The first time I heard about cryptocurrency, I decided that I would never invest any money in it. It had "SCAM" written all over it. I have no sympathy for those who recently lost their money investing in it and being scammed. And, I don't care whether or not Sam Bankman-Fried is ever arrested and prosecuted. I only invest in things that I fully understand and that clearly have the potential to add value to the overall economy.

I am wondering what you point is?

[jljl62040]

FTXs demise had no affect on the price of Bitcoin or other crypto currencies. Those who held crypto in their "wallets" did not lose money because of the FTX scandal. Those who invested currency or crypto with FTX lost money.

[retiredguy123]

Originally Posted by Dotneko

Wow. No sympathy? It's unfortunate that there are some people who aren't as all knowing as you. Careful, falling off that high horse can be painful.

I have no sympathy because I think the people who lost money were a victim of their own greed.

[msilagy]

The no sympathy comments = no empathy. Not anyone I would want to know.

[mikeycereal]

Spoke with my financial advisor several months ago about cryptocurrency and he said some people don't understand that it gets taxed like any other earnings. He said he had to thoroughly explain that to some holders because they thought otherwise.

And then there's OBJ who decided to take his NFL paycheck in cryptocurrency which then proceeded to drop and he lost a lot of money.

[Babubhat]

It’s a faith that requires endless suckers to pay a higher price. Just another version of Ponzi scheme. Remember the Tulips