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>It's all just a little joke. Super funny to every single person who lost money to the person "getting in the record books for 'most money lost by a single ind
by jjulius 4y ago
>It's all just a little joke.
Super funny to every single person who lost money to the person "getting in the record books for 'most money lost by a single individual'".
- Hamuko 4y agoWell, if you're going to roll the dice with an unregulated securities market because you want massive profits, it helps to have a sense of humour about it.
- jjulius 4y agoYeah, because victims of financial fraud always know the risks. /s
- cycomanic 4y agoThe issue is that culture has developed into idolizing people just for getting rich. So naturally everyone aspires to this. Moreover lots of these people talk about it like its easy with just a little "financial knowledge" while in fact many just got lucky on some high risk bets (and often enough were already well off enough so they did not need to worry about the losses). Therefore people fall for Nigerian Prince schemes or FTX or many other schemes, they are essentially greedy and want to be one of the ones who make it rich without any real contribution. I'm not sure if one needs to feel sorry for the people loosing something, however I definitely think the current culture of idolizing money is toxic.
- pretendscholar 4y agoYes it is quite funny when people get surprised that a get rich scheme isn’t real.
- jjulius 4y agoEven those who aren't informed enough to know better than to be taken advantage of?
- TeMPOraL 4y agoThey were going to lose their money either way. The funny bit isn't people who were taken advantage of, but that the one taking the advantage actually sees some negative consequences of it.
- jjulius 4y agoI can agree with that, the unfortunate bit is that a couple of others (even the one I was replying to before you replied) have responded to my post actually laughing at the victims.
- nradov 4y agoWhich victims, the account holders or investors? I think we can all agree that idiot investors like SoftBank and Sequoia Capital deserve a little laughter.
- smegger001 4y agoif you go investing in new unregulated chaotic markets without doing due diligence to at least research what your investing in you are at least somewhat culpable for your own losses. Don't invest in thing you don't understand.
- jjulius 4y agoI don't disagree, but to laugh at ignorance?
- hooverd 4y agoAfter hearing enough of "have fun staying poor" and "NGMI" from crypto investors it starts to feel like willful ignorance.
- smegger001 4y agoplay stupid games get a stupid prize.
- randerson 4y agoI've been trying to find an account of anyone who had a large portion of their wealth in FTX and not just some highly speculative investment they could afford to lose. Was anyone actually trusting these people with their life savings?
- largepeepee 4y agoThere are plenty of people who treated FTX as a high savings yield account and just kept it there. Most don't want to talk about it now since it's embarrassing but look at the trading firms with writes down of 50% or more. For small timers, they are just under reported like with Luna, there are probably a fair amount of suicides, but govts don't reveal details to avoid emotional group contagion
- AlbertCory 4y agoYou should watch the episode of Downton Abbey where Lord Crawley talks about this fellow in America named "Ponzi" who offers these great returns.
- EMM_386 4y agoTheir ‘chief regulatory officer’ Dan Friedberg was previously tied to a massive online poker scandal! Let's get real here, there was no "due diligence" or anything else that should have been done when you are investing hard-earned money.