crypto is just the "regulation is bad" crowd figuring out why they should have read history books instead of becoming the "regulation is good" crowd by living through it
it literally is, and its amazing. someone needs to make a History of Crypto so I can take notes. my fake paleolithic civilization needs to start somewhere.
It’s really not, because even the sanest people are basically doing the equivalent of traveling back in time to the 1800s to buy every deck of playing cards they can find, hoping that owning enough playing cards will make them rich when Nintendo becomes a video game superstar. That’s what the smart people are trying to do. Everybody else is trying to recreate the housing market crash of 2008 (some people THINK they’re recreating Amazon or Enron, but they aren’t), and they don’t understand why it keeps hurting them to intentionally recreate some of the stupidest ideas banks have ever had. If you have crypto, get out of that market. It’s a money pit, and the people who know how to get the money back out of the hole aren’t going to help you. You’d be better off trying to get on the board of trustees for a real bank - at least the money would actually exist
Im pretty sure this is an actual psychology thing where certain looks or features about yourself give yourself an advantage/disadvantage in a field. People are more likely to trust someone in IT or computer programming if they look more nerdy, but if that person is like a buff body builder with a ton of charisma, people are less likely to trust the things he says on it
Makes you think how the rich people create this image of theirs by doing normal shit & using that to say that they are just same as any poor person but its a manipulative technique.
I love that Ludwig was able to explain this situation in a digestible way. Its good to educate that masses in what a bad billionaire looks like and the coverup is just worse.
Every billionaire is a bad billionaire. You don't make billions of dollars off of your own merit, you get it by taking exorbitant profits from companies other people do the work for you in.
"I cannot give you the money I owe you because I am using it somewhere else." Ludwig knows very well about this. Maybe Mogul Mail should interview him about that situation.
Anytime somebody in finance says they're trying to "revolutionize the industry" what they actually mean is that they are ignoring financial fundamentals and taking on loads of risk and hoping to cash out before their scheme crashes.
@Thicc Thicc Thicc Did bitcoin really revolutionize the finance industry? I would say the uptick in price and trade volumes of bitcoin have more to do with the increased accessibility of investing through apps. The increase of investors revolutionized the industry more than bitcoin existing.
“Revolutionize the Industry” is starting to become synonymous with “Build a Marketplace”. It’s kind of amazing that such a cool technology (Blockchain) shat out a pair of highly publicized turds so quickly (NFTs, this).
No person with that amount of money is nice. A billionaire could solve world hunger, yet here they are, destroying people's lives and running entire companies into the ground because of a temper tantrum.
@@anzacxlag2606 A couple billion dollars could feed a couple hundred million people, wouldn't solve it, but would put a pretty big dent in it. Then again, without sustainable jobs they'll just starve again, so they should really open new businesses for the starving and poor.
@@NovemberFoxtrotRC Your friend is an idiot, then. I'm pro-crypto, in fact I trade (although luckily I realised something was wrong with FTX and never got involved), and let me tell you: Crypto is volatile. The people who lose are the people who somehow conclude that this volatile space is entirely stable, as they're the ones trying to work in a reality that simply doesn't exist. When I first got into crypto, there were two rules that (almost) everyone recognised and played by: 1. Never invest more than you can stand to lose. 2. You aren't rich until you cash out.
This is the thing NFTbros and their like don't get. All they want to see is easy money and them being rich, and they're willing to ignore that simply not being the case as it suits them. And this is why everyone (rightfully) sees them as hypebeast idiots.
Honestly financial education is something that really needs to happen. Not how to get rich quick, but learning about risk, and how to mitigate it, and what is indicative of high risk.
@@akivaweil5066 Banks do it, the problem is pouring it into Almeida which is just doing dumb shit with it. They even bought meme tokens with the money which is a massive red flag lol.
Im glad youre covering this, i thought you might be like some of the other youtube "news" channels only reporting on things that could get you the most views, but this gives me hope.
I just gotta say I’m really happy your making vids here, I’m not really a twitch watcher but I’d always known about u and hear things, and you always made me wish I could sit down and watch a twitch stream so I could get into twitch creators mainly you, moist, and Hassan. But when u came over to UA-cam I was like aye, big win for UA-cam. Honestly it feels like we have had a mogul shaped hole in UA-cam all this time and u fit right into it when u came over.
This was such an amazing breakdown of the whole situation and the added humor made it even better. Didn’t know you had such journalistic ability, Ludwig. Just subscribed
this was a really fascinating story, and I thought the long form articles by the WSJ & NYMag were really good for any mogul mail watchers wanting to know more on this
he did though, if you look it up he was into effective altruism and he was specifically trying to make money to raise it for EA, unlike some billionaires who just hoard it or do things like buy social media companies
Yep, they were known to not like each other very much. People were speculating that Binance CEO made those moves to be able to buy FTX cheap, thus becoming the single biggest crypto exchange ever. Backing out was definitely not planned though, because the resulting crash would impact them heavily too. It's one thing lacking liquidity (they just needed more time to get the cash) vs totally insolvent (not having the cash in the first place).
@@Fazwick I mean if they know the market will crash due to them backing out of the deal they can make a ton of money by shorting FTT or crypto in general. Still probably was not the plan.
exactly you have Henry Kissinger, Dick Cheny, W Bush, etc (responsible for the deaths of millions), Rick Scott (defrauded medicare for millions), Joe Biden (is the single biggest reason for why student debt is terrible, also a huge factor in why America has the biggest number of prisoners out of any country, tried to continue segregation, responsible for the deaths of thousands if not more), Trump (self explanatory. although a lot of people don’t know that he had a lot of the main players in the Iran-Contra cartel on his cabinet) Larry Fink, Peter Thiel, Elon Musk (evil billionaire Executives just ruining our lives and making everything worse) the list goes on
6:57 quick side note: FDIC insures your bank accounts at LEAST up to $250k. There’s ways to increase your insured money. It has always bugged me that it’s misunderstood that they insure “up to $250k”
@@VanityOfViolet For good reasons. The economy is shit. How does he fund it if sponsors are having tough time economically? He made good decision not to fund it. The team that did recruit her, is basically asking for the people to fund her events by creating a fund for that purpose. I personally would rather donate to funds that actually help get people to hospitals over making events that help content creators. That is just me. Don't get me wrong I do like QT a lot but her dreams don't always align with what helps Esport orgs or the population in general. She just does entertaining events that we love to watch, but are they profitable enough during economy like this? As for TSM they will be fine they have Blitz and Swift making profit. Their profits are from Apps and tech, unlike many other Esport orgs, they actually have their own companies.
I think better analogy for the FTT token is it's kind of like subscribing to UA-cam Premium. Except it's a one time payment. You get perks, like no advertisements, a bunch of "premium" content that can be seen as lower trading fees, and lower exchange fees in general. It's great if you use it, it's not if you don't.
Ludwig seemed zoinked out of his mind in this video lol. Probably just really passionate about the topic, but still find it funny how he seemed to be bouncing off the walls.
Ludwig also forgot to mention that CZ and SBF are beefing. Resulting in CZ selling on the open market. Great business move for Binance as they basically helped in wiping out a competing exchange.
Ngl, from the start I had like 0 idea on what any of the subjects you are bringing up were, but the way you explained it was so well done that I basically understood everything. And man, all of this is fucking crazy lol
How are people not talking about how Binance is probably doing the same damn thing? I've seen this over and over and over again. I am trying to understand how people still think crypto is a good idea.
Holy sh*t! From the thumbnail, I thought this was going to be about Ethan Klein, and then the video began, and I was like, "no b*tch, you forgot to put in your contacts again". LMA🙄
Last thing you said is quite accurate. The reason centralized players can mess with a decentralized space is that the media takes advantage of ignorant people and tells them to use centralized products. It's sad
any argument about skirting gov't regulation is always going to be opening the door to loads of very very very skilled sharks who know how to take your money and run.
there is nothing possible to do to get any sort of refund once something like this happened? its not like its gradually crash, its just happen overnight.
@@youraveragepasser-by7367 might be man, but the crypto this time is pretty reputable, so much that even third world country like mine have people invest in it. They should at least compensate the victims.
@@RetiredRobot dude I don't brought any, I just find it ridiculous people who lost their money aren't getting any help at all. Like I said, they're not some shady company, they're reputable and big company.
For people looking to really understand what happened here, I highly recommend Atrioc's new video. It's extremely well done and he makes sure to explain baseline knowledge so that he doesn't lose you at any point
What you described is actually a 'hot' instead of a cold wallet and Coinbase is both registered with the SEC and doesn't engage in the same risky practices that FTX and Binance do. Big A's video had the facts right
hahhhahahah i knew someone was going to defend this somehow, that's not the point he's trying to get across you know who was registered with SEC too? Lehman Brothers
Sam literally ruined so many lives, here in Aus, FTX is super popular if you’re an active trader. I lost my entire life savings / earnings ++ have to pay tax on something I don’t have. The amount of people committing suicide as a result is incredible. For the people reading this, be nice, it’s a sad week for a lot of us.
@@donnie7897 we use it to trade, higher capital to trade with usually better so you don’t have to margin as much. The apr on savings is around 5% which is really good.
CZ absolutely did this on purpose. There was no reason to announce FTT selling from CZ. It's kinda funny that everyone blames sam when CZ also had a huge role in this.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Ludwig really became a streamer to ultimately become a journalist like he originally planned
Ludwig is still a streamer. This is Mogul Mail.
@@GavinBogie Ludwig died
The more things change the more they stay the same.
@@GavinBogie Ludwig no longer exists. Only Mogul Mail.
Who's Ludwig???
Someone on Reddit once described cypto as "speedrunning the evolution of the modern financial system." This quote feels more and more true now.
crypto is just the "regulation is bad" crowd figuring out why they should have read history books instead of becoming the "regulation is good" crowd by living through it
I wonder if this is the start of a Great Crypto Depression and what will be its New Deal
it literally is, and its amazing.
someone needs to make a History of Crypto so I can take notes. my fake paleolithic civilization needs to start somewhere.
It’s really not, because even the sanest people are basically doing the equivalent of traveling back in time to the 1800s to buy every deck of playing cards they can find, hoping that owning enough playing cards will make them rich when Nintendo becomes a video game superstar.
That’s what the smart people are trying to do. Everybody else is trying to recreate the housing market crash of 2008 (some people THINK they’re recreating Amazon or Enron, but they aren’t), and they don’t understand why it keeps hurting them to intentionally recreate some of the stupidest ideas banks have ever had.
If you have crypto, get out of that market. It’s a money pit, and the people who know how to get the money back out of the hole aren’t going to help you. You’d be better off trying to get on the board of trustees for a real bank - at least the money would actually exist
Hold on. I think you just figure out how to invest in crypto just by basing your investment timing off of the historical patterns of the economy.
The fact that some people trusted this man because he "drove a cheap car" is astonishing
I have a super shitty car that makes me trustworthy and able to run a multi billion dollar Ponzi
Some famous people just drive cheap cars. It's not even impressive either. It just avoids people knowing you're rich which is purely convenience.
he drove a toyota but also had a private jet. He slept on a bean bag, but on an island in the bamamas. What a joke
Im pretty sure this is an actual psychology thing where certain looks or features about yourself give yourself an advantage/disadvantage in a field. People are more likely to trust someone in IT or computer programming if they look more nerdy, but if that person is like a buff body builder with a ton of charisma, people are less likely to trust the things he says on it
Makes you think how the rich people create this image of theirs by doing normal shit & using that to say that they are just same as any poor person but its a manipulative technique.
I love that Ludwig was able to explain this situation in a digestible way. Its good to educate that masses in what a bad billionaire looks like and the coverup is just worse.
Who is Ludwig? I only know Mogul Mail..
I watch both, but I have to admit, Ludwig just watches atriocs vid and then restates everything in his own vid.
…all billies are bad. only way to stop em is to eat em
@@norkshit We're seeing them eat each other!
Every billionaire is a bad billionaire. You don't make billions of dollars off of your own merit, you get it by taking exorbitant profits from companies other people do the work for you in.
"I cannot give you the money I owe you because I am using it somewhere else."
Ludwig knows very well about this. Maybe Mogul Mail should interview him about that situation.
Didn't you hear? Mogul Mail killed Ludwig
How can Mogul Mail interview a dead guy
@Ludwig 🅥 ? xd
@@zealeos1744 No shot? I missed that? Damn. Ludwig7 to him.
@@Dkgow yeah, sad news, sike not sad news, ludwig was the cheap copy of the gigachad, mogul mail.
Marketing Monday's Better
hi chat
True
So true
wise words
Ahhtrioc goat
Anytime somebody in finance says they're trying to "revolutionize the industry" what they actually mean is that they are ignoring financial fundamentals and taking on loads of risk and hoping to cash out before their scheme crashes.
Aside from that one time when Bitcoin was created and did actually revolutionise the industry of course
@Thicc Thicc Thicc Did bitcoin really revolutionize the finance industry? I would say the uptick in price and trade volumes of bitcoin have more to do with the increased accessibility of investing through apps. The increase of investors revolutionized the industry more than bitcoin existing.
“Revolutionize the Industry” is starting to become synonymous with “Build a Marketplace”.
It’s kind of amazing that such a cool technology (Blockchain) shat out a pair of highly publicized turds so quickly (NFTs, this).
@@TheCyberHawk1 no but blockchain did
yea pretty weird that after all that revolutionary stuff we use the same system as some thousand years ago, except we use digits instead stones today
I love Lud because he dumbs it down for my little head to comprehend all the crazy shit happening in the world . Thanks Mogul !
FTX being "Hacked" is probably people who had access to the wallets milking the cow on its last legs.
hooked up to a metric ton of copium
Idk why people get greedy and put their money in high risk CEFI networks
Thanks for thinking like me, no way they legit got hacked, they stole there own money to avoid government lmao
@@sleepisthecousinofdeath7395 people are dumb
yeah they defo just tried to run with the money before it gets drained in lawsuits and settlements
The fact that the woman said she thinks stop losses are not a smart decision, should have been your biggest red flag
stop losses for crypto aren't as good idea as they are for stocks
i love how this man went from the nicest billionaire to the worst 😭
@Chad 007 Are you really making fun of bots, or are you a bot yourself?
No person with that amount of money is nice. A billionaire could solve world hunger, yet here they are, destroying people's lives and running entire companies into the ground because of a temper tantrum.
@@phantasmagorics You think world hunger could be solved by a few billion dollars?
@@anzacxlag2606 A couple billion dollars could feed a couple hundred million people, wouldn't solve it, but would put a pretty big dent in it. Then again, without sustainable jobs they'll just starve again, so they should really open new businesses for the starving and poor.
Funny how they all avoid the topic of his ethnicity. It's the same what Kanye West talks about.
I just love how Binance performed that fatality on FTX. That was some crypto mortal combat.
Mogul mail has really been crushing Ludwig recently
Crushing on Ludwig more like. Ludwig does kiss men.
Especially his head, that bullet did a number on him
This joke is really getting old
Who's Ludwig?
Ludwig better watch out!
It's crazy how the other day me and my mom were talking about this guy and how amazing he was. That statement aged poorly
Don't stress it
I was just talking to my buddy about how volatile the whole crypto space is. He was pushing back against it. Just sent him this video lol.
No, you didn't@@NovemberFoxtrotRC
@@kingarthur1367 chad
@@NovemberFoxtrotRC Your friend is an idiot, then.
I'm pro-crypto, in fact I trade (although luckily I realised something was wrong with FTX and never got involved), and let me tell you: Crypto is volatile. The people who lose are the people who somehow conclude that this volatile space is entirely stable, as they're the ones trying to work in a reality that simply doesn't exist.
When I first got into crypto, there were two rules that (almost) everyone recognised and played by:
1. Never invest more than you can stand to lose.
2. You aren't rich until you cash out.
This is the thing NFTbros and their like don't get. All they want to see is easy money and them being rich, and they're willing to ignore that simply not being the case as it suits them. And this is why everyone (rightfully) sees them as hypebeast idiots.
ludwig could literally sit and stare at the camera for an hour and I’d still be entertained lol
mail mogul
Who's Ludwig? This is Mogul Mail
You’re in love dude haha
Lil gay.
Wrong channel budy.
Honestly financial education is something that really needs to happen. Not how to get rich quick, but learning about risk, and how to mitigate it, and what is indicative of high risk.
Sam went from a poor kid to a rich generous guy to a guy who lost his business because he scammed people through a Ponzi
I was about to say, the more I hear anyone talk about crypto the more I'm convinced it's just a straight up ponzi scheme
It wasn't a ponzi. He straight up stole people's money from their accounts. It's like if you used someone else's debit card at the casino.
@@akivaweil5066 Banks do it, the problem is pouring it into Almeida which is just doing dumb shit with it. They even bought meme tokens with the money which is a massive red flag lol.
@@jdmji exactly, even banks do it. One bank took 10,000 usd from my trading account and transferred it to another account and refused to give it back.
@@senatorarmstrong2100 that sounds off. Which bank was it
Damn, this channel actually slaps. No doubt it will grow.
You know it's become a fricking huge deal when even Ludwig is covering the FTX crash
Did Ludwig also make a video on this. Wouldn't be surprised he always copies mogul mail.
you mean mogul mail???
i think you got confused, you mean mogul mail right?
@@isotope6207 yeah I meant Mogul Mail, my bad
@@anaccount4354 yeah, my bad
Im glad youre covering this, i thought you might be like some of the other youtube "news" channels only reporting on things that could get you the most views, but this gives me hope.
This is the moment mogul became mail
9:48 heh "frunds"
This is actually one of the best takes out there on this. Great reporting, dude.
He does have a degree
I just gotta say I’m really happy your making vids here, I’m not really a twitch watcher but I’d always known about u and hear things, and you always made me wish I could sit down and watch a twitch stream so I could get into twitch creators mainly you, moist, and Hassan. But when u came over to UA-cam I was like aye, big win for UA-cam. Honestly it feels like we have had a mogul shaped hole in UA-cam all this time and u fit right into it when u came over.
so basically a thousand people were holding on to the same dollar while each thinking they were the only one.
this channel is just marketing monday with no cuts
I’m a simple man, I see a mogul mail I click and like
Yessir :D
This was such an amazing breakdown of the whole situation and the added humor made it even better. Didn’t know you had such journalistic ability, Ludwig. Just subscribed
Who is Ludwig? You must be confused, this is Mogul Mail.
Iirc he litteraly did journalism studies
this was a really fascinating story, and I thought the long form articles by the WSJ & NYMag were really good for any mogul mail watchers wanting to know more on this
quite the mogul move by Binance to get rid of a competitor
I really sat through this whole ass video nodding my head as if I understood a single word he said. Would do again 10/10.
I didnt realize I did it too until I read this comment lmfao!
What's crazy too is that he simplified it significantly and it still came off as a high-level topic.
THIS IMPOSTER MUST BE STOPPED!
"because i wanted to give it to charity" yea sure bro 🤣🤣
he did though, if you look it up he was into effective altruism and he was specifically trying to make money to raise it for EA, unlike some billionaires who just hoard it or do things like buy social media companies
For a moment i thought the thumbnail was ethan klein and i got excited waiting for drama
Sounds like the binance CEO jumped on an opportunity to mega screw over a competitor
For real
Yep, they were known to not like each other very much. People were speculating that Binance CEO made those moves to be able to buy FTX cheap, thus becoming the single biggest crypto exchange ever. Backing out was definitely not planned though, because the resulting crash would impact them heavily too. It's one thing lacking liquidity (they just needed more time to get the cash) vs totally insolvent (not having the cash in the first place).
@@Fazwick I mean if they know the market will crash due to them backing out of the deal they can make a ton of money by shorting FTT or crypto in general. Still probably was not the plan.
It's mind bogling that people really thought "well this thing that has no real world value is seemingly valuable, lets throw monet at it".
I thought that was Ethan Klein in the thumbnail 😂
I'm slowly convincing my mom that Mogul Mail and Ludwig are two different people.
It was quite a rollercoster ride seeing this pan out real time.
this is literally the kid in elementary school who would keep telling you that 1+1 is actually 3
I've gotta just say it, he's far from the most evil man in America.
Most evil man alive? Man stole money from the middle class families. Thats worse than straight up killing them. They lost everything they had.
Yeah ur mother
exactly you have Henry Kissinger, Dick Cheny, W Bush, etc (responsible for the deaths of millions), Rick Scott (defrauded medicare for millions), Joe Biden (is the single biggest reason for why student debt is terrible, also a huge factor in why America has the biggest number of prisoners out of any country, tried to continue segregation, responsible for the deaths of thousands if not more), Trump (self explanatory. although a lot of people don’t know that he had a lot of the main players in the Iran-Contra cartel on his cabinet) Larry Fink, Peter Thiel, Elon Musk (evil billionaire Executives just ruining our lives and making everything worse)
the list goes on
@Chad 007 No, Oki is a great dude
@@NPCwithQuest woosh
i saw this coming when i was in high school and everyone told me "nah dude crypto is the future, you just dont get it"
Man don't I love my daily dose of content on crypto collapsing and billionaires screwing themselves over
“The whole industry seems incredibly fucked” damn about time the crypto crowd starts acknowledging that
This is great content, glad Atrioc didn't already do it!
probably a joke but he streamed yesterday for an hour to do a mini marketing-monday/friday on it. recommend the vod
he literally also uploaded a video on it
If Big A had covered this topic I would have been interested, but like you said, he didn’t :/
lmao literally the same videos
@Ludwig 🅥 wtf that new bot for me (pretty smart actually)
6:57 quick side note: FDIC insures your bank accounts at LEAST up to $250k.
There’s ways to increase your insured money. It has always bugged me that it’s misunderstood that they insure “up to $250k”
moral of the story: always trust larry david
14:01 This is an excellent point.
He gives off pocket pepperoni energy.
Don't you fucking dare impersonate Lud.
This is some supevillain level scheming
You cannot lump Coinbase and FTX together. They’re very different.
Rule number 1, never trust a billionaire..
I cannot tell you how much mogul mail has helped me in business school and keeping up in tech business news
i love mogul mail mainly because i can just click a random video, learn recent history on an event, and be given all the context i need
QT got out of TSM at an amazing time!
RIGHT
It's funny cause ba higher up (probably regi) didn't want to fund her events lol.
@@VanityOfViolet For good reasons. The economy is shit. How does he fund it if sponsors are having tough time economically? He made good decision not to fund it. The team that did recruit her, is basically asking for the people to fund her events by creating a fund for that purpose. I personally would rather donate to funds that actually help get people to hospitals over making events that help content creators. That is just me. Don't get me wrong I do like QT a lot but her dreams don't always align with what helps Esport orgs or the population in general. She just does entertaining events that we love to watch, but are they profitable enough during economy like this?
As for TSM they will be fine they have Blitz and Swift making profit. Their profits are from Apps and tech, unlike many other Esport orgs, they actually have their own companies.
I think better analogy for the FTT token is it's kind of like subscribing to UA-cam Premium. Except it's a one time payment. You get perks, like no advertisements, a bunch of "premium" content that can be seen as lower trading fees, and lower exchange fees in general. It's great if you use it, it's not if you don't.
Ludwig seemed zoinked out of his mind in this video lol. Probably just really passionate about the topic, but still find it funny how he seemed to be bouncing off the walls.
fr bro could not stop moving back and forth 🤣
normally i’d say eat the rich but i would rather die than consume that thing
Well to be fair he did give away all his money 😂😂
Litiraly
yeah but this is basically the worst way for him to lose his money, he was originally trying to raise money for effective altruism
I am absolutely here for Ludwig the journalist
Ludwig also forgot to mention that CZ and SBF are beefing. Resulting in CZ selling on the open market. Great business move for Binance as they basically helped in wiping out a competing exchange.
As a non crypto follower what I made out was that CZ headshoted FTX.
It is easy to be generous with other people's money
Especially when you donate it to politicians
You save me so much time by explaining it all so simply
Ngl, from the start I had like 0 idea on what any of the subjects you are bringing up were, but the way you explained it was so well done that I basically understood everything. And man, all of this is fucking crazy lol
How are people not talking about how Binance is probably doing the same damn thing? I've seen this over and over and over again. I am trying to understand how people still think crypto is a good idea.
Same reason people believe in utopia, I guess, too idealistic.
Miami heat and Tom Brady in shambles
40mil to Brady is like 10% of his net worth; think he will be alright lol.
Damn larry's never wrong, need more advise from that guy.
I’m glad Ludwig put a PSA at the start of the video, people really could get fucked over but everything that’s happening.
Lol that ad at the end. Good on you, Larry.
They were "hacked" by the CEO taking us much money out as he could before they went broke lmao
Holy sh*t! From the thumbnail, I thought this was going to be about Ethan Klein, and then the video began, and I was like, "no b*tch, you forgot to put in your contacts again". LMA🙄
It’s like when in history an empire just “pops” and breaks apart. It happens slowly, then all at once.
Last thing you said is quite accurate. The reason centralized players can mess with a decentralized space is that the media takes advantage of ignorant people and tells them to use centralized products. It's sad
any argument about skirting gov't regulation is always going to be opening the door to loads of very very very skilled sharks who know how to take your money and run.
12:52 the bang Bros arena would be a sick name
and just like that, lost 99% of my net worth overnight.
fuck. my. life.
there is nothing possible to do to get any sort of refund once something like this happened? its not like its gradually crash, its just happen overnight.
Your fault for putting everything into something as unstable as crypto bro
@@youraveragepasser-by7367 might be man, but the crypto this time is pretty reputable, so much that even third world country like mine have people invest in it.
They should at least compensate the victims.
@@jeanneann3545 compensate victims? You’re not victims, you willingly bought in knowing the risks.
@@RetiredRobot dude I don't brought any, I just find it ridiculous people who lost their money aren't getting any help at all. Like I said, they're not some shady company, they're reputable and big company.
QT dodging bullets by joining misfits
For people looking to really understand what happened here, I highly recommend Atrioc's new video. It's extremely well done and he makes sure to explain baseline knowledge so that he doesn't lose you at any point
I love that he is wearing a DONT PANIC shirt for this
Kids blonde hair has kinda grown on me, I think his dream of being a news anchor could become true
Moral of the story: Don't get involved with crypto.
Thank you for making videos like this. I like to stay up to date with current events and you make it very easy to understand!
Some people were calling him the next Warren Buffet 🥴
larry was right. BE LIKE LARRY
It doesn’t take long for things to get depressing once you start reporting the news
Lud was mid stream when he uploaded this what a grinder
Who is lud
Lud..?
I don’t believe for a second that you nailed “subscribe, see you later” on a one take jake it was too cleann
What you described is actually a 'hot' instead of a cold wallet and Coinbase is both registered with the SEC and doesn't engage in the same risky practices that FTX and Binance do. Big A's video had the facts right
Amen
hahhhahahah
i knew someone was going to defend this somehow, that's not the point he's trying to get across
you know who was registered with SEC too? Lehman Brothers
@@bzipoli wtf are you even talking about? did you even read the comment you're replying to?
Man I thought the thumbnail was the chess cheating guy and wondered how someone who cheated on chess was dangerous
3 seconds in but I already know it's gonna be a banger
sponsored by Coinbase? 💀
Molgus Mail: hey lemme copy ur homework
Atrioc: sure just dont make it too similar
Every guy has liquidity issues from time to time. It's no big deal.
Idk man this seems like a pretty big deal
Saying a bank will „for sure“ give you your money back is kinda funny if you know that banks can go bankrupt as well. 😂
Nah lets just do what he did but get away with it instead
Man I still didn't really understand all that crypto mumbo jumbo but thank you for the taking the time to try and explain it.
Sam literally ruined so many lives, here in Aus, FTX is super popular if you’re an active trader. I lost my entire life savings / earnings ++ have to pay tax on something I don’t have. The amount of people committing suicide as a result is incredible.
For the people reading this, be nice, it’s a sad week for a lot of us.
💀
cant say I pity people who put money they didn't have into a risky investment that is also having a terrible impact on the environment
Why did you put all of your life savings into one basket? Not tryna be rude just wanna understand
@@donnie7897 we use it to trade, higher capital to trade with usually better so you don’t have to margin as much. The apr on savings is around 5% which is really good.
L
humans in a nutshell
"Marketing Monday is Better" -Hasanabi
0:00 Ludwig wearing headphones is so weird
I was never in crypto, and now I am happy I was not.
CZ absolutely did this on purpose. There was no reason to announce FTT selling from CZ. It's kinda funny that everyone blames sam when CZ also had a huge role in this.