4 ms·

It's nice to see I don't know, much less follow, any of these people. Similar feeling to when SBF went bust. Even though I'm heavily involved in the bitcoin sp

It's nice to see I don't know, much less follow, any of these people. Similar feeling to when SBF went bust. Even though I'm heavily involved in the bitcoin space, I barely knew anything about him other than vague praise of his effective altruism ideals and more pro-crypto/anti-bitcoin stance and that he ran a seedy, off shore exchange. Only afterwards did a lot of the people I actually do follow and respect resurface their old criticisms of SBF, e.g. Jack Mallers in June, https://twitter.com/jackmallers/status/1536834021354786823 https://twitter.com/jackmallers/status/1536834021354786823 It's nice to get some confirmation that the people I follow and give attention to are worthy of it. TBD if that continues.

recuter 4y ago
I didn't recognize a single one either. Quick random search returns "articles" like this: https://dailycaller.com/2021/07/30/the-success-story-of-atlas-trading-founder-pj-matlock/ https://dailycaller.com/2021/07/30/the-success-story-of-atla... Somehow it vaguely reminds me of old timey snake oil sales copy. Things never really change.
- elliekelly 4y ago
  Their a/k/a names listed in the complaint were so cringe I can’t even imagine the type of person who would think these guys gave solid investment advice.
jermaustin1 4y ago
I followed Zack Morris, but I and everyone knew he was a pump and dump runner. His tagline was "The pump never dies" or something. I tried a handful of times to short his pumps right at the rug pull, but almost every single time, I lost my position due to a short squeeze. I ended up losing around $10k, had I been able to hold my positions (more cash in my margin account basically), they would be HUGE wins, because almost every stock he pumped went to near $0 within a few weeks/months. But the poor people who kept the squeezes alive lost so much more when the bottom fell out.
- anonporridge 4y ago
  The market can stay irrational longer than you can stay solvent.

recuter 4y ago

I didn't recognize a single one either. Quick random search returns "articles" like this: https://dailycaller.com/2021/07/30/the-success-story-of-atlas-trading-founder-pj-matlock/ https://dailycaller.com/2021/07/30/the-success-story-of-atla... Somehow it vaguely reminds me of old timey snake oil sales copy. Things never really change.

elliekelly 4y ago
Their a/k/a names listed in the complaint were so cringe I can’t even imagine the type of person who would think these guys gave solid investment advice.

jermaustin1 4y ago

I followed Zack Morris, but I and everyone knew he was a pump and dump runner. His tagline was "The pump never dies" or something. I tried a handful of times to short his pumps right at the rug pull, but almost every single time, I lost my position due to a short squeeze. I ended up losing around $10k, had I been able to hold my positions (more cash in my margin account basically), they would be HUGE wins, because almost every stock he pumped went to near $0 within a few weeks/months. But the poor people who kept the squeezes alive lost so much more when the bottom fell out.

anonporridge 4y ago
The market can stay irrational longer than you can stay solvent.