Bitcoin Forum

So I was searching the Internet for available legends in the world of cryptocurrency trading that have been able to develop a strategy that deliver a passive trading gains and I stumble on this legend called Sam Bankman who is on forb list of crypto billionaires who have broken some record are are able to share their tips.
https://i.ibb.co/kXYrQwB/Screenshot-2022-0212-211104-11zon.jpg (https://imgbb.com/)

 (https://imgbb.com/)

^You should provide out some links which doesnt really require for someone to log in or sign up before they could see the content.

So this one talks about Sam Bankman-Fried (https://en.wikipedia.org/wiki/Sam_Bankman-Fried)
CEO of FTX

We dont know about his story though on how he do able to obtain or owned this company.If this one claims about
holy grail of crypto trading then i do less likely on believing on it.

Looks like an interesting research and I didn’t know the successful traders will reveal his identity in the public. I also got curious about how he make millions of money in crypto trading, will always look for the articles or video about his success stories and tips, is there any video about his trading activity?

He might not want to share that much, and I can’t find any video as well.
Owning a companies that came from crypto profit is a big thing, its good that he know where to put his money and as a successful trader, we always wanted to become like this. I don’t know if this is true or not, but I know many low key traders are really making good money in crypto market, they really work hard on this.

He's actually a public figure. He's the owner of FTX so it's part of his "about me" thing as a public figure. But the good thing about this, someone like him is voicing out and not quiet about his success. We can get tips and ways on how to improve in trading if he's giving advise to everyone.  Well, for a busy man, he's not really obliged to do that but he's doing a good job.

He took the right step by building his own exchange, a good way of helping the ecosystem. Another truth he said about trading, is that "people tend to jump into trading without any creative research or background". Traders should learn from the experts so that they will improve in their trading performance. Most traders lose so much money because they didn't learn thoroughly how the trading niche works.

He and his team at Alameda Research are top-tier quantitative traders, and there's definitely no incentive for them to be sharing their trading strategies. Them sharing their successful strategies is like digging their own grave lol.

He made billion dollar from arbitrage trading on 2017-2018, nowadays many people already know arbitrage trading... but it's really hard to find exchanges which offer lowest and highest price due to a lot improvement and normal price. Now each exchanges only has <1% prices difference excluding trading fees and withdrawal, I don't think arbitrage trading still worth now.

Anyway I don't know if he's a legend crypto trader, I just know he's FTX's CEO.

Its just an information and he can't teach anyone to become a billionaire now and no one is going to do it either.

Arbitrage trading was good but nowadays its rare to find price difference for a coin with enough volume to make money so if someone wants to become then they need to find a new way.

Trading in cryptocurrencies is variable and therefore the old strategy may not be suitable to work on it in the future, for example, most cryptocurrencies were less than $100 several years ago, and therefore investing in any digital currency will make millions of dollars.

Arbitrage will get more difficult over time and people know it. I remember in 2017, the difference between stock exchanges was more than 30%, today it is rare to find such differences between reliable platforms with good market capacities and trading volumes.

Following the strategy of trading for rich people will not make you rich, and some methods require an initial investment of more than 10k dollars.

I don't understand what you want traders to discuss about him. You would have provided something like his strategy or something else about his success or failure to be discussed because trading isn't a straight thing to success immediately. He may have had his rise and fall before he got to where you or we could find him on Google search. So you can provide either YouTube video or what he wrote about his work. I'm sure this forum has gone traders that can contribute to whatever strategy he got. Nice job searching though and getting us the picture of
"29 Year Old Legend In Crypto Trading".

Exactly, compared back to the days that arbitrage trading are profitable. I am also curious about arbitrage trading before, it's like easy money though especially like how Sam Bankman Fried explain it in one of the interviews to him by Nas, explaining how they make millions by just arbitrage trading,
do they don't have any losses here? Or is any downsides or negative effects for doing it?

Say has heard his story in several media and articles that tell his story. Honestly, for me personally, it is very inspiring especially with the income being donated to people out there who really need help. Even his daily life is far from luxurious, that's one example of how life gives benefits to other people. He started after graduating college with arbitrage trading. If I'm not mistaken at that time he took advantage of the price of Bitcoin in Japan and in the US which was about $1000 difference, and he did it every day. However, I forgot the article that described it so I can't share it here.

People just need to be on top of their game since the chances he took are out there. It's good to hear from his interviews the way he thinks so you can use it in some way.

Sam Bankman-Fried is a graduate of MIT University and of course he is very intelligent. Becoming rich is his goal, but the wealth he does not enjoy for himself, all the wealth is given to charity for various reasons.
It's rare to find someone like Sam. Technically he made his fortune by exploiting every difference in the price of bitcoin in different countries and this is also called Arbitrage. He is the founder and CEO of FTX, a cryptocurrency exchange and he also manages assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017.

Generally, he is young and he's great. He is making a fortune not to prove to himself that he is good enough, but to help for those who are in charity.

"It's not just like, how do you do some good with your life, but if you want to do as much good as possible what do you focus on," said Mr Bankman-Fried, who has pledged to give away almost all of the wealth he will have made. Its rare to find people like him that is so selfless and is willing to help others in need. And for that, he's more blessed than what he expected. Source:https://www.ndtv.com/business/sam-bankman-fried-29-heads-crypto-exchange-worth-billions-2765736

I was hoping you'd provide a link which would make it very easy for us to be able to access.
Well, Sam Bankman-Fried is a very great guy, he's being doing wonderfully well and making waves in the crypto system.
One thing I like so much about him is his selflessness and willingness to share all he has acquired with the less privileged and poor.

We all just hoping that a lot of people will be like him. Earning riches not because for his own selfish reason but to help other people. Indeed, very few people with his status can dedicate most of their wealth in helping others. He may already found his true purpose in his life why he can gladly share his earnings to charity. Because for most wealthy people, they won't do such noble act, because their reasoning is they worked hard to reached such status. Now that I learned about this info about the owner, I am looking at FTX differently now.

Did you know that this Sam Bankman is almost the same as Elon Musk, he is also the most influential person last year but I think he didn't make some noise at all, not like Elon Musk. I believe he is a very intelligent person because maybe that is their inheritance, his father was a Stanford Law School professor which is I believed a very smart person too.

But do you believe he isn't good in coder as what he said?

I don't believe them either. Although they are smart but doesn't mean that they are smart in all things like trading. Let's say he is good at trading but I don't believe he is able to teach and give all the tips in trading which is not for sure. This is a sort of marketing strategy to encourage people to try FTX exchange and make use of this platform for trading.
Yes, what he does is manipulate traders to join him in order to get some tips and he could make benefit from it, not these traders.

Yes I saw a quick documentary about him.  I think it was posted on Twitter it was like 3-4 minutes long. However it describes how he wanted to get rich to give his money away to charity.

He started with arbitrage and then later on was a market maker. And then he opened his exchange. He made most of his wealth by reinvesting his profits into BTC ETH and SOL was very profitable.

He bought SOL at $3 at the bottom pretty much. And made very well if he sold some back in November or so. He is a pretty cool guy in my opinion.

He already revealed much about himself according to the article OP shared here https://www.businessinsider.com/crypto-trading-tips-ethereum-outlook-young-billionaire-sam-bankman-fried-2021-5?r=US&IR=T which I even think it's against the mouthed principle of privacy. To be candid, I'm not so sure why Bankman would reveal his transactions. I've tried to see how it's even going to help his crypto business as I don't know him to be running a trading class or mentorship. Maybe he does, but I haven't seen anything about him in such. If anyone knows, kindly share with the rest of us.

He's a most generous billionaire in the world. He lives with ten room mates in Bahamas. He doesn't own a mansion or Lamborghini as other billionaires. He is something different from other billionaires of the world. His wish is to donate what he have earned to the charity and the needy. He have been doing it through his FTX. He's a common man who understands the need of common people. He's really a legend in trading, because his initial days of arbitrage trading has made him a billionaire.

What other link do you want on the thread as far as a know I included the link to the article, just take a look over the thread once again you will fine the appropriate link there.
Once again Bankman have grown wide knowledge on cryptocurrency trading and willing to share such knowledge but you should subject his suggestions to your own personal research before you apply his technique to your trading formula.

But I think that's normal if you're an exchange owner, being a mentor of trading isn't mean manipulations but maybe it's a way to encourage people to try trading using his own platform, maybe it's a sort of marketing strategy but I didn't see anything wrong about that.

There are a lot of people that are good at trading and also an owner of exchange but never heard about calling themselves a legend of crypto trading.
Maybe back then, he was so lucky and able to manage to win the arbitrage trading and make himself become a millionaire and that was the time the market becomes bullish.

This is a quite mature age to become established and successful in my opinion. Especially at this age, many people maximize themselves and their potential, whatever it may be.
And from the many trading results, from the business results he did, it was really a lot. Yes, of course, if conditions still run smoothly and there are no obstacles, he can retire easily, enjoy his old age more easily.

This indeed proves that the crypto industry has succeeded in giving birth to many newly rich people who have the potential not only to be rich but to develop a business there. There are also many people like him probably all over the world. But not yet exposed.

You can also see his some videos in which he said the main idea stuck him in past when he noticed the price differentiation in US and japan of which he took advantage and made his first million and then his company slowly progressed into FTX the leading exchange with main office in Hong Kong.He is perfect example of how can you take early advantage of this crypto market and you could see FTX partnership these days with major business and they are expanding their business.

But he has his own idea and you are need to build yours if you want to grow and succeed in life.

Same question here, as traders tend to hide their identity for security then this one claiming to become billionaire because of trading?

or this is just another advertising for His own company?

so this man is a good samaritan ?I hope he is indeed true to His words and not just using this for publicity , using orphan so many good investors and people will help his company to go strong .

Wow a modern superhero , what is his power? to trade? lol but this is admirable because we cannot find someone who has this heart for orphan .

I hope that 1 billion dollars to be donated will go to what needed to be funded and not in corruption or similar like that .

Take it easy guys. BusinessInsider is just a Forbes second tier list type of media. Forbes by the way is not as great as it used to be (well I personally don't think it was ever great but at least you had to pay a loooot of money to be on the magazine in the old days.

Now you only need a few hundred dollars to put an article on Forbes.

I've seen a hundred altcoin projects do it.

That makes him exceptional because he has always this heart for the charity. And knowing most of the legend traders, they are only good for themselves and focus more on how to improve and gain more wealth. But i believe people who have always been a great giver, are being blessed even more. So my salute to this young man, for being so selfless and great benefactor.

Looks like we need a new strategy to use an advantage when trading in crypto market since arbitrage isn't that profitable these days. Early days are always profitable for those who invest and make use of it as long as there aren't much people knew about it. He's like the creator of Facebook on early days who gain massive support from the people around the world and then become a billionaire. Although his style of making money is different but he's the best example of a consistent person who doesn't waste opportunity when it's available he grab it.

That is just the way it is, many people believe that in order to be good at anything you need talent, so they think they can come to this market and trade and if they lose then they had no talent for it and if they succeed then they were talented and keep going.

However we know that in order to get good at anything then hard work is necessary, if you actually do your best to learn how to trade then you will be way ahead of the competition and even if at the beginning the profits will not be great at least you will have some, which is way better than what the majority of the market participants can say.

We don't know actually how he made it because lot of people are also doing arbitrage trading at that time but only few become super rich just like who is mentioned in OP, either ot happened due to his compounding skills or manipulated something and make use of it but for now these are rare opportunity so its not really going to make anyone super rich.

I think it’s great Sam Bankman has had so much success in the crypto space.

I think when people experience envy with other peoples success it’s really a reflection of their own fear.

I think it’s great that he’s done well and wonderful that he’s given a significant portion of his money to charity. I’ve read that supposedly he’s a stand-up guy.

Such a very humble man and at his very young age, he's now considered as one of the top 70 richest people on the planet.  And he's not just a legend trader but also has a good heart on donating most of his income to different charities. And as he quote, "If you're trying to have a lot of positive impact in the world, it's probably going to be things that people end up seeing." No wonder why his estimated donations has already reached $50-100 million from all his different work charities. Source: https://www.ndtv.com/business/sam-bankman-fried-29-heads-crypto-exchange-worth-billions-2765736

Of course, it invested a lot of knowledge before this guy earn a lot of money this is the reason why it's better in the crypto world even though there's a risk of course knowledge is the best thing to have. This kind of news is the reason why there are a lot of newbies in cryptocurrency who would like to join this world because of the profit they saw, of course, a few of them just the hard work of this man to become a millionaire. But still, it's not too late to the pace of other people who want into it.

Exactly Sam case is different compared to many others who have experienced some level of success in trading but yet choose to remain anonymous and do not share the profits with any charity or individual but Sam Bankman has a different mindset first he is willing to share his experience for free and thereafter dished out a large some of his profits to charity these actions are commendable.

Arbitraging is not a new strategy as same as many trading strategies and investment but only very few people can succeed. A same method, strategy but it works for a few and fail for the most in the crowd. Because people have different characteristics as well as psychological response in the market. In addition, in market, the most importance is to control your emotion and try to not do something stupid. I know it applies for investment but I want to expand it to trading as well and I believe it is right.

Trading or investment with whatever methods, strategies, less than 20% of people can get profit.

It is rare to see someone like Sam's case because most people out there can't act like him and everything is calculated based on value. Maybe they need to know that the more we can share with others, the more results we will get.

It's from the Law of Attraction book, if I'm not mistaken, because I read quite a bit about it. Back on topic, maybe we can hope that in the future, more people like Sam will be willing to teach others or share their experiences for free so that more people will join.

Can you share the link here if ever you have it on your twitter profile? Just want to watch how this guy speaks because I am now inspired by him. Nice to know that there are people left on this earth that are not selfish but want to get rich because they want to help people that are in need. Why cannot some people be like him? He is 29 year old. Not too young and not too old to become a billionaire but before there was also a young guy that become a billionaire thru crypto investing.

It is amazing how cryptos can changed lives. Crypto is really a blessing for the people like them. We can follow the tips that they share in hopes that we can be successful too in the future.

This legend has altogether different strategy and I think it's definitely not based on technical analysis, his strategy is more like the strategy of renaissance technologies which uses quantitative methods to compute each trade and only then enter into the trade. The entry, exit & SL, even the lot size is decided way in advance, and considering the huge portfolio sizes of these funds they also have to take care of the timing while accumulating various coins, because they definitely can't do in just one buy order. They accumulate over a period of time and then distribute over a period of time too.

He was not alone in the list there are even kids in crypto that are doing too good.

These 14- and 9-year-old siblings earn over $30,000 a month mining cryptocurrency (https://www.cnbc.com/2021/08/31/kid-siblings-earn-thousands-per-month-mining-crypto-like-bitcoin-eth.html)

Twelve-year-old boy makes £290,000 from whale NFTs (https://www.bbc.com/news/technology-58343062)

Beauty of crypto is that its open for everyone there are no regulations and everyone is free to join in.

I am aware of FTX for long, but I’ve never really taken interest to know who the founder is, and is quite interesting to get to know that it is a really young person and also a billionaire made by cryptocurrency. Stories like this can encourage other youngsters who are aiming for as high as this and would like to reach this level.

When they get to hear and see stories of people that were able to make it in this same platform, they would be encouraged to put in more hard work to achieve their goals. And recently I saw news about FTX among cryptocurrency platforms that got featured on the Super bowl, that’s really a good achievement being one of the firsts to be featured in such.

Well, a lot of things that we do, we usually do it for the profit that would come out of it. So it is normal for someone to engage in something because they want to get profit, but what matters a lot is if you are ready to learn and have patience in the process of trying to achieve your goals.

A lot of people are always in a hurry, and they are not able to have that patience which would make them end up being the ones who lose. But, if you are able to take your time, grab the skills and knowledge that are involved in this, you would be able to achieve a lot through cryptocurrency. It is not something that you will have to be in a hurry, or allow yourself to be pushed by greed, if that is it, you’re just going to be the one losing,because there’s nothing here to be achieved by people who are filled with greed and lack of patience.

This guy was born on campus of Stanford University to law professors, so he was very much born into privilege. I like it that the guy is smart, has contemporary and very reasonable political and ethical views, and is into donating money. My question is, can we believe that he made his fortune by crypto trading? Not, say, hodling BTC from some early years (which he bought with, say, the money from his rich family), and he didn't simply transfer the wealth he already had (or his family had) into crypto trading? I'd take any trading advice with a grain of salt, especially, if there's no proof that a person giving the advice is actually a very good trader with positive overall record.

The main problem of most traders is that they enter the market without knowing about trading and keep on making losses. In fact, they are influenced in many ways by trading in the hope of making a profit, but the influencers never tell them the story behind it. When a trader enters the market after acquiring trading knowledge, that trader has the ability to take trades according to the market conditions. Before entering the crypto market, you should follow all the traders who share information to develop trading skills instead of sharing screenshots of profit.

A successful trader always make gesture of itself, using as a reference to improve the motivation of offspring traders or newly developing traders. When you said you are curious about how a trader makes millions, i felt astonished, because trader makes their money through curiosity, seriousness, consciousness and potentiality of the nature of trade they adventure into, so all traders is liable to adventure into profit or lost at a moment, so any trader is a risk taker.

If he's into crypto for a long time, then i believe that trading is not only his job but he's also making some huge investments in crypto that made him more generate profits. Its just that he is known as a legend trader because its his focus and its the thing that making him more profitable. Looking forward, this young guy is not just a legend in trading but definitely a good samaritan too as he always make sure that most of his earning will be donated into charities. Such a very selfless person, no wonder why he is getting huge blessings so he can help more people in the society.

I think the list is longer... I am not sure can we include Changpeng Zhao, commonly known as "CZ", his net worth is around $96.5 billion, and I am pretty sure he has some crypto on a side nobody knows about!

How many anonymous people there are who made a fortune with crypto but they didn't go public in any way?! I think there are many of them... simply when we look at the last 10 years and all the coins and tokens in that time... and compare prices from 2015 (just an example) with the ones now! It's pretty clear that many people made a fortune with crypto! Some people more, some less, but we are all in profit!

Congrats to this guy for becoming a billionaire! He found a way and he got the best from it! Take some advice from him, but don't follow... that was his way, you need to find your own!

You won't be trading in the first place if there is no visible profits ahead. That is why traders are born to make profits, but not all the time as they are also susceptible into committing losses. And i'm just glad that some traders are fortunate enough that they end up having millions or billions as their profits. And Sam Bankman-Fried is one of them that has a very good intention of helping others in need and donating into some good charities.  So if you are in his shoe, would you rather stay out of public and not sharing good stories to convince other traders to help too? 

@Theones, the list is countless but the OP said he was looking at cryptocurrency enthusiasts that make their fortune and fame through crypto trading not mining or NFT.
@iv4n, Forbes billionaire list is huge but I am sure CZ name will be on the list not even this time that he was considered as the has one of the richest people on Earth.

I wonder how fortune favor people at so early age – he is surly a very intelligent and  lucky champ. I heard in one of  his interviews that’s he might not be needing an IPO and looking forward to get as many licenses in 2022. He would surly be coming up more power in this year!  I have made a few searches but does not found much about his personal habits seems like he likes living his private life off social media.
Money is a powerful tool and there are a lot of ways to do good in the world. One of the ways is to give money to the world in an intelligent way. He identified the need and filled it. Unlike other loud entrepreneur he worked to achieve his goals silently.

There is a list of peoples that are very successful in crypto trading. They are youngsters that are making millions of dollar. And this 29 year old guy is also one of them.
Sam Bankman Fried is the CEO of FTX exchange. His exchange is in the list of biggest crypto exchanges in the world. As the information, he is billionaire. He becomes very rich in a short period of time. We need to learn their skills, that how he become so successful in life. Crypto market is a big field. There are lot of opportunities for youngsters to become rich.

FTX CEO is one of the amazing men in crypto space...

a person who was born from a simple family but with hard work and intelligence is able to change the crypto world. I also watched youtube about his interview with an influencer, he said my goal to be rich is to help other people's lives, what a noble goal.

interesting story.. im 31 myself n been trading crypto a while ... Finally I turned 2k$ into 100k$ in a month during this bull run .. but lots of personal factors n stress happened and I ended up making some wrong trades n losing it .

Now im hungry to make it all back n 1 million $ goal...

yhup that's true he was ranked 32nd with a net worth of US$22.5 billion. .
infact he once became featured on  NASH daily vlog  (https://youtu.be/pVlkFW43820) as a generous billioner and i was very amazed on his mindset and especially how he live right now.

Just imagine owning a 22 billion dollar and he doesn't even have any expensive things such cars watch and etc because of the goal to help other people.  And to be honest im not expecting a billioner driving a toyota corola.  :D

Once you set your goal and see your past mistakes as a lesson ground for you to make your next big move, trading required quite a good number of lessons which are sometimes referred to as skills and this skill come with lots of lessons, if you turn 2k to 100k in the previous month then am sure hitting 1 million is not a big deal for you. All you need is to study carefully before making a decision and never FOMO as that can also affect your capital. Just learn from your previous mistakes and make your next move based on your lessons wish you good luck.

 I envy the people who are young and in crypto already. These people do not realize that they have sooooo much life ahead of them. Not like I am old or anything, but at the end of the day the more years you have in life (hopefully) the more chances you have to get rich. Even if you end up putting 50 bucks into crypto every year, from now until you are 60 years old, between the amount that will be saved, and the amount that will increase, you are going to end up with a ton of money when you retire. The long term results are this great and the short term is also awesome because even if you end up losing money right now, you could always recover that later on because you have the time for it. You are free to make more mistakes since you have more time in life.

I am not sure if I follow this right. The guy owns the company already and I thought he was solo legend whose working with his own strategies in the crypto trading.

His company Alameda actually owns 100 million worth FTX coins and the project itself is backed by Alameda whose founder is this guy. No trace whether he himself founded it or not but it’s growing in right direction.

Lovely to see they have started it in 2017 and it got to big heights in short time.

Might be the same interview we watched, as he said, his journey of making billions has revolve around donating majority of them to the charity. He only! said that, what motivate him to make money is so he has enough to give out. He also lives very simple life. He doesn't have all the luxury stuff people with his kind of weath posses for themselves. He's one of the early few that made millions trading Bitcoin through arbitrage.

With the rate at which FTX exchange was developing to becoming a teir 1 exchange, it's now becoming clear as the exchange has a trader as the CEO. FTX as an exchange is the most favorable to any trader now. They keep listening to their trader unlike Binance that has more focused on destroying the industry with their hash regulations towards their customers.  (https://bitcointalk.org/index.php?topic=5383607.0)

I believed Sam Bankman exploited the idea of Arbitrage trading very early invariably earned huge and massive profits by utilizing his intelligence into crypto market, he had already made it big in that area of trading before it became saturated, afterward diverted his investment into an exchange, however I am touched by his charity donations to the less privilege as a way of giving back to the society, I like his idea of living a simple life, despite his affluence and not being carried away by worldly materials often associated with the rich, I read so many good things about him.

Those who are sharing their success in trading to the public should be recognized regardless of their social status because they could serve as an inspiration and motivation for those who are just starting in trading or for even for those who are failing. I'm sure that this 29-year-old man has gone through lots of difficulties too before he reached success. It's a good thing that he's inspiring others through the platforms where he is well known.

He is same age like me and we started around same time but he made it big. One more reason for us not to give up we have time to make it still xD

If we are being honest this is something that not only applies to bitcoin but to all investments, if you read any book about investing one of the first things that it is ever mentioned is that it is important to start as young as possible.

Even if someone earns a lot of money if they begin to save for their retirement after they have just a few years left as an employee then it does not matter how much they save it is never going to be enough, but the people that start young even if they can only save a small amount of money each month then that is more than enough if they are able to do this consistently for decades.

Taking advantage of every bitcoin price difference in each country makes Sam have many advantages. Sam is also a young boy who is very smart and able to manage all of that well until he founded the FTX Exchange company. Sam is also a very generous person because all the profits he gets are donated to people in need and that is extraordinary. He lives a simple life and does not think about the modern lifestyle that is full of money. he even wanted to donate an even bigger amount.

Most of the smartest people in the world are generous and easily give out a huge portion of their wealth to charity, but Sam's case to some extent bring extra excitement as all the profits come from cryptocurrency trading and he is also willing to share idea and tips that aid his profits in trading. FTX is one of the many products of Sam that built the brand from scratch to where it is today.

FTX is the exchange that I like the most at the moment compared to Binance. Binance does have a variety of features too, but the features they provide are only needed for those with large assets. besides that sam is also very active in the world of charity, it is not impossible in the future, FTX will shift the dominance of binance.

I guess that's how smart people like Sam motivate him from the start that money will no longer be profitable if you can't share it to others who badly need it. And luckily, Sam has always been a very selfless person to devote all his profits into charities where he thinks need most of his money. And he's willing more than enough to share his secret tips why he has been successful and becomes legend in trading. Maybe its also an advantage if at your young age passion is already there to drive you to where you want to be.

Sometimes I can't stop wondering what Binance as a cryptocurrency exchange all though centralized but should be well aware of the government autocratic rules in the financial independence of the citizen will still come up with rigid rules for the customer, to this point binance is gradually losing it dominance in the crypto exchange market and more innovative and customer-oriented new exchanges e.g FTX okex are taking the number one position.

how he manages money and virtue, that's really amazed me...

a lot of new or old rich people out there who waste their money and don't want to do charity, they think it's better for them to use the money for their satisfaction (spree). with a great contribution to social as well as crypto, I'm sure in the future FTX will surpass Binance.

This all depends on the young sharp way of seeing things at that young age he is already an expert in trading and he is already giving out to charity, but I will like to see his original written article where he will teach us how to trade an expert analysis. Trading has become a passive means of income to some people and at that, they have already developed trading skills that can help people to manage their trading activities professionally and make guaranteed profits.

If we can put more faith in our investments, then i guess taking risk is worth of our time and efforts. And this exactly this young legend in crypto possess. He may even had a lot of failures when he's starting in crypto trading but seeing bitcoin could be more profitable in the years to come, there's no need to stop or quit trading just for that. Now, due to his hard work and persistence in crypto, he's already living his dream with bitcoin. But what is more impressive is he never gets tired making charities. That way, he gives more inspiration and build courage and confidence to those who are starting yet in crypto trading or investing.

This heard actually easy for some people. But complex for others. We know that sometimes not many people are able to learn from the experiences of people where they are actually trying from scratch. But some beginners do not see the effort, they even only focus on the end result, namely success, and want to be like those who have been successful, without wanting to go through how dramatic, difficult, and ups and downs the process has been.
This is also a PR for all of us to understand better what we should be doing.
There have been some similar experiences that are shared for us, to lead us to learn more and more.

I haven't heard anyone making money from Arbitrage trading recently. Back in time when there were fewer exchnages, there could have been possibiliities  of this Arbitrage trading, but in current market sitation i dont think we have any Arbitrage trading possible ?
Also it is iinteresting to know that a trader of the past now owns one of the best crypto exchange.

Not just beginner even people who are into this crypto space for years and fully aware of the dangers of crypto trading still looking for making easy money without providing any efforts on learning and practicing. At the same time, I am not ready to blame them because even after long hours of hard working on technical analysis, they might have booked losses most of times. The real thieves here are the manipulators of the crypto market.

Overall, when you are going by support of technical analysis then you must be having more than 50% of chances to make profits but when you are not backed by any of prescribed method of trading then the chances for losing is more than 100%.

Trading can be more successful if you are inclined to it technically, as well as along its fundamentals too. But if you are here to trade just for pure profits and you're not even making efforts to learn it technically, losses will keep happening to you. You may excel in gambling but certainly not in trading. However, with this young man who is already legend in trading, i have learned that he has already the interest and passion in trading since he's a kid and this keeps him motivated to grow more in trading and become successful in his chosen career.

Today, it's no longer popular.

I wonder how many are really doing it these days. But sure before, there were tons of traders that have enjoyed to arbitrage because opportunities were everywhere.

What an achievement that he has. Everyone can think just like him but not everyone can reach what he has done.

Charity is holy Some for middle class people while it’s way to save taxes for the rich people. This is complicated thing really and one can not decide what’s best when they are newly Brock rich. This guy is billionaire? Man I have so much low vote of confidence on this article. Not sure if it’s authentic but if it is then he got some good secretes to work with the crypto currencies. I mean it’s not easy to be that rich in short period time. We not talking about thousands or millions, we talking about billions here and that’s lot of money!

Hello  :)

I think this is really relevant to "up" this thread.

Hello, hello.

Where is your hero ?

It seems that the success story of Sam Bankman-Fried has come to a logical conclusion. When his actions, as a result of which investors lost billions of dollars, will be officially qualified as fraudulent, he will no longer be able to find a job in the financial sector of the economy.

He has indeed brought his success story to an end as far this FTZ and crypto is concern. The system appreciate those that are trustworthy because it is suppose to be free from third party. If the exchange is interacting as P2P to investors then it is not requiring another processor, Sam Bankman-Fried has bridged this phase in the exchange that he is meant to protect people's money. This scam is an exit scam and just like telegram group giving trade orders but all as lies just to steal money from traders.

I'm not sure about that considering SBF is one person with experience in the industry. If in case the SBF never again finds this job at any company, then he or she will individually earn some other way. Case would be very different if SBF was arrested and imprisoned and he would be restricted throughout this industry both individually and otherwise.

Short lived. I doubt if he'll ever find any job that will involve financially unless that one entity is absurd too. I hope the proceedings will come to light especially for investors but I think it will take a long time before they get it. He deserves to be behind bars, but the lad has good connections and it will not be that easy for him to be there.

The days are so bad now and I don't think it will get better anytime soon. Sam Bankman-Fried will have to be held accountable for billions of dollars in financial losses with such a huge mental toll it will have him hiding even from the sun. I wouldn't think he'd be okay mentally and psychologically even though physically he's a bit chubby at the moment.

His success story is over, and now he will only reminisce about his story because I am sure he will be sued for his fraud every day since FTX crashed. So he's not going to be back in the business quickly, I think people are going to lash out at him.

What would you expect for people to do? Of course they would really be that angry specially into those who had greatly been affected or into those investors itself.Yes, im bit shocked on what happened considering

that people do really knows on whats the success story of SBF but now it did turn out that everythings a mess.This do really shows that nothing do last up forever specially if you are really doing
fraudulent acts which it would really be busted up sooner or later.If you dont really be able to handle it well and you do tolerate that greed inside then you would really be fucked up hard
once everything do really crumbles down or been find out.On any business, trust would be the key and some sort of transparency and on the time you are really going into the
different path then it is really prone into lots of big problems which you cant really be possibly be able to get out.

There's a news going around that for the last 2 years Sam's parent bought 20 (I think) real estate on the Bahamian soil, might be a family fraud. We never know if this was the money being bought from FTX investors. Yeah it's gone and over but there's always a "what if" on where the money go.

Nostalgic thread.  :P
Several months ago, we're too many with Sam and praising him for being a nerd genius and now, we're all spitting on him because of what he did.
Well, a con like him is really good at hiding their true intentions about swindling people's money. No sorry for him for being the most hated person in the internet now.

He might have a good background in the financial field but what about the bad record that he have? I think that won't be erased anymore in the minds of the people. If you own a company, will you have the courage to work with this guy? I guess you will also think hard. He will be arrested but I don't think there is a law about restricting someone to find a career in a specific field. Never heard of it though.

In the first page, it is said that he perfected digital currency arbitrage. I think that is one of the reason on why he use the money. He got confident about his ability and take big risk but he got a bad luck and lose the money. There is a big lesson that we can learn here and that is don't be too overconfident.

Considering the fact that Amazon ordered a series about the collapse of FTX and its founder Sam Bankman-Fried - https://deadline.com/2022/11/russo-brothers-david-weil-ftx-crypto-scandal-series-amazon-1235181170/, we can confidently say that SBF has gone down in history forever as the biggest loser. We will have to see the pilot series in the spring of 2023.

The news about FTX collapsing is making headlines everywhere around the world. Even people that have no affiliation to crypto are reading about it but the demise of FTX has no universal meaning. Basically, when FTX went in to liquidation it benefited all competitors that were up against it therefore they probably did not shed a tear. As for investors, they must have been shocked to the degree some lost life savings and others just a small amount they were willing to lose if things turned sour.

I am not surprised Amazon have jumped on to this. The series will probably do very well in the ratings but the side-effect of the series could be to introduce crypto to a new audience that knows nothing to very little about how it works and what it is.