Calvin Tsai, a crypto investor who lost $1.3 million during the FTX collapse, discusses why he hasn’t shied away from investing in cryptocurrency.
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You should change the narative “Invest in Bitcoin“ to “Gambling in Bitcoin“
Confucius say. Buy ponzi scheme get no money back
TA Is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely Ignore the bigger narrative of why BTC is fluctuating and why the future outlook is more encouraging as it seems. It's kinda Irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. we were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This Is the worst possible time in history to invest as so many don't back up their crypto assets…more emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over 7 btc from day tradng with Lily Alice insights and signals in less than 3 weeks, this is one of the best medium to backup your assets in case it goes bearish.
Calvin's great-grandfather went long on buggy whips in 1905, he went belly up too. The sharpsters already made their money on crypto it's just the suckers hanging around now
When will they stop calling them “investors”?
These are not actual losses. There were paper losses of crypto that ran up. Certainly he never put a million in cash into that exchange.
Is it just me or is bitcoin a cult ? All governments can just create a digital coin . They are already testing USD digital. So you will just be able to trade dolllars for digital dollars and use that if you like. No need for bitcoin . Just because it went up over time does not mean it’s going to keep going up. It’s stupid to think it’s going to 1 million per coin or a trillion per coin . CBCDs will replace crypto and it should.
Ftx should provide the names of all the politicians and businesses they gave money to
Now with the recent economy,To get financial FREEDOM you have to be making money while you’re asleep
Bitcoin=ZERO
Google, blow me.
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I know ftx is garbage, but why would anyone expect to get their $ back? It's an investment, meaning there is a chance you would lose $. In this case, he lost 1.3 mil.
Buy a ledger geez
Democratic need to start paying people back! SBF’s parents need all their assets seized immediately there property actually belongs the FTX customers not them. So with democrats paying back all the money they were giving and all assets of his parents and himself people should start getting their money back
Anchoring bias is really bad.
The issue here is that he left 1.3 mil in ftx exchange. The purpose of bitcoin is to do self custody!
Centralized exchanges are not trust worthy but bitcoin and blockchain is.
So fakee
Dang, he could of sent two kids to college with that money.
Conculsion: even people with $1.3m are stupud
Keep investing bud. Cryptos a safe bet when the market comes back
Nothing was learned.
The price of BTC declined over 15% and even trade below 16k. Binance opted out to bailFTX, resulting in an increase in selling pressure… this has caused all altcoins to follow suit at the moment, if BTC fails to recover by the next major support..then a massive lower low is expected. Florence Osborn stated her bullish stand on the market regardless of the market volatility and I’ve been able to make over 22.4btc from her insights and accurate daily signals using 3.7btc…staying one step ahead is always rewarding at this time.
Guys like this are exactly the type to go bankrupt
I bet it was not initial investment wasn’t $1.2M it was that at the hieight
He is either a paid shill or an absolute moron. You decide for yourself.
How can you call yourself an investor if you don't have your own wallet? Everyone I know keeps their coins in a wallet until they're executing a deal, then they'll transfer the exact amount to the wallet in question for dispersal… Figured everyone learned their lesson after Mt.Gox…
"Give me your money. Then I'll get other people to give me THEIR money so I can pay you more than you gave me." Ponzi 101
Hahahahahaha! Good for him! 🤡
I have no pity for people who lost their money. It’s easy to see that crypto is a scam. Only the people running and soliciting the “company” make money. Pump and dump rug pulls are for fools.
Did he lose $1.3M that he deposited into FTX or was that the valuation of his crypto assets at the peak? 100% loss isn't fun but if most of it was over-inflated value, perhaps it stings a little less.
Live by the sword, die by the sword! Don't know if this person is young, but every so often there is a new ponzi scheme that sucks in the chancy, greedy ignorant people!!!!!
It’s like being in a card game or Las Vegas , knowing when to quit and get out
🤣🤣🤣 Dumbass.
Well, in the immortal words of Gordon Gecco : A fool and his money are lucky to get together in the first place.
Another fuking Chinese spy America let in to this country……wtf.
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I TRADE TULIPS 🌷
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i already put all
of my coins in a ledger wallet no waste anymore time , exchanges are in wild west mode