The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
People who can afford to save Bitcoin's in my experience already have a fairly stable fiat currency setup and were saving money elsewhere before jumping into cryptocurrency. People that have enough excess money to start spending some of it on speculation or "investing" have reached the point where they are financially stable compared to others who live paycheck to paycheck or fall deep into debt. There are similarities in the behavior, however if you go to sleep one day with a $100 dollars, there is a relatively high likelihood that the things it can buy when you wake up are similar. The same is true with Bitcoin, however it has much higher swings and volatility in comparison. |
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A charitable casino means a casino limited to a building, or portion of a building, a) providing equipment, management and personnel for the purposes of conducting a non- profit casino, where a portion of the net income benefits various charities; and b) operated by a provincially licensed charitable management company. I am familiar with charitable events but this is my first time to hear about charitable casino. The funds realized are used for relief aid, counternarcotics assistance, helping to people fighting with a cancer, and many other good causes. As a matter of fact, I will be participating in one this weekend to raise funds for people displaced by conflict in my country. My mindset is just to have fun. However, I will try to win but then if I lose, I will know it will be a cash assistance for those in need. My budget for this is just $300. Did you know that there are other casinos that donate a part of their revenue to do some good in this world? - Betoncharity: It is just an amazing that from 4 up to 40 percent of the Betoncharity.com house win go towards charity. That said, we are that shocked by their generosity as we do imagine the declared 4 societies claims on resources: - Red Crescent & International Red Cross; The Institute of UCSF Aids Research; Foundation called Make-a-Wish America; the American Cancer Society.
- Paf: The Finish oriented organizations, with the best kind of promo – “Play among friends”-, have been calling poker, slots, and more of live and online casino players for help towards the Red Cross, including supported welfare associations for children, since 1966.
- RehabBingo: Not many people suspect it is the RehabBingo.com as a big help and an important sponsor of the Rehab group to fifty thousand disabled people with different physical and intellectual deformities across Ireland. And to be completely honest, their offering isn’t bad!
- CaptainCharity: Among the rest, we’ve discovered CaptainCharity by the address CaptainCharity.com, the organization shares 50% of the profit with 10 institutions, and later it is planned even more societies, which are chosen by players above ever. As far as we can see, it’s like the world of gambling is moving to the people advantage.
Have you played in a charitable casino or will you consider doing it? It doesn't sound like a very clever or well thought out idea. The whole thing sounds like it would be heavily opposed and not in any way welcomed by charities because in reality gambling is the source of a lot of suffering for many people with very few winners not outweighing that fact. If people wanted to give to charity, their are much more effective ways of doing it than via what many would consider a vice for pleasure and entertainment, putting down a small amount with the hope of winning a much bigger one. However the other end of the spectrum, the extreme addicts, can end up in all sorts of miserable situations which are often what charities are trying to solve in the first place. It's like cigarette companies sponsoring a healthy sport like football - there is clearly an ulterior motive. |
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I never understood how wealthy and successful men can sound so negative at times: This isn't the first time Munger or Berkshire Hathaway chairman Warren Buffett, also known as the "Oracle of Omaha," have gone after crypto with Munger even going as far to say that he wished crypto had “never been invented." For successful billionaire investors to say they wish crypto had never been invented. This sounds serious! Is crypto a big deal for them? Why would such be the case? I get that millennials, generation Z and the youth demographic love crypto and have been known to throw their money at it in the hope of someday becoming millionaires. Warren Buffett and Charlie Munger want investors and the youth demographic to throw all their cash at stocks instead. To keep stock indexes rising and make berkshire hathaway a more profitable venture. Buffett and Munger are upset all of the liquidity directed towards crypto, isn't being thrown at things they own to make them richer. But what would they do if they had additional billions at their disposal? Would it make a significant change to their lifestyle, net worth or holdings? What if Warren Buffett and Charlie Munger both had $200 billion dollars more than they have now. Wouldn't they be saying the exact same thing, doing the same thing they are right now? In which case, why be upset when it wouldn't have a noticeable effect on their lifestyle or standard of living? In a free country he is entitled to have such an opinion but really at his age should not be able to dictate laws or general government direction. By their own admission Warren and Charlie missed many good ideas in the tech sectors because they made their wealth without relying on this sector and they never wanted to learn it either. They can certainly express their opinions on whether they think it is a good or bad thing, along with the reasoning, but should not be making calls like this. It's better for their business if they keep out of politics like they have for most of their lifetimes and focus on enjoying the later years in life. There is definitely room for improvement in crypto, but bans rarely help and stifle progress. |
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Well, I have to clarify that personally I have never had any loan or debt in my life so this thread has nothing to do with my experience but intends to find out how people in loan/debt deal with the problem. Let's say you take loans from a bank and sometimes for whatever reason, you can not pay the debt on time, then you borrow money from other channels. Sure this works for a certain period but later bad things may happen, you have to postpone the payment and struggle with finances again. Isn't this a vicious circle ? How would you deal with the problem ? I am all ears.
There is only one good type of loan to take for most people and that comes in the form of a mortgage. People might take a small loan when they're younger and inexperienced, or simply have limited means to support themselves through tougher times, however it is better to stick to positive balances than go into debt. I don't think people get addicted to them at all, they are mostly taken out of ignorance, greed or desperation which is usually connected with the higher interest rates. The best way to avoid it is educating yourself about financial matters are early as possible and trying to build up some form of savings if you can, which act as a buffer against financial shocks. |
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Hi guys! Long time lurker, first time poster.
I've been researching a lot into the marketing of running crypto casinos but have always been curious about where these casinos source their greatest affiliates. In the fiat and global in-person casinos - the biggest high-rollers are generally sourced by junkets & big agents who accommodate these players with complimentary benefits. I presume that there are many of these types of agents that bring in a hefty percentage of a crypto casino's gross volume. Where would we be able to find these types of agents & affiliates in the online gambling realm?
Many thanks!
Since we're on these forums and probably focused on the crypto realm, the first place to find people with promoting talent is to look at all the signature campaigns running here and figure out who are the most proficient at running them. They are the closest thing to the agents that you've described. However generally you have to throw a lot of money at a casino and grow it to a big enough size through advertising that the high rollers start to drift your way through word of mouth rather than trying to hunt them out. The owner of a casino slowly building up a group of high rollers that they wine and dine, maybe accompanied via a (usually glamorous) team of VIP agents is the way it goes. However you build this team up piece by piece as you expand, not expecting one person to drive all your profitability. |
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Interesting points all around. Despite the ban, China has continued to be the second largest Bitcoin miner in the world as of January 2022, hinting at a large crypto community still existing in the country. According to official data, mainland China customers accounted for 8% of the collapsed crypto exchange FTX despite the country’s ban on crypto trading.
Some local crypto enthusiasts even believe that China has never really banned individuals from possessing or trading crypto. With crypto emerging as the "legalize and tax it" version of legalizing cannabis of decades past. Could china's economy significantly benefit from approving and regulating crypto, rather than resorting to hardline policies more closely resembling outright bans? In past years, we were bombarded with countless news articles claiming china would emerge as the next global superpower to dethrone the united states and takeover as the #1 nation in the world. Now that economic slowdown has encompassed the globe. Can china achieve its lofty ambitions, without harnessing emerging technologies like crypto to boost its economic potential and tax revenues? Could there be criticism made against china for handicapping themselves by outlawing things which might only give them an economic advantage over the long term? As global debt climbs for nations of the world, everyone appears to be scrambling to harness new sources of capital, credit and liquidity. Crypto is emerging as one large global market and method for achieving these goals. The Chinese government makes some strange policy decisions, often only to benefit party members at the expense of everyone else, but casting a look back they imposed this ban during a period of time when energy was getting more expensive and was heavily polluting. Miners were growing private profits for the few at the expense of public health and the ability for the wider public to access cheaper electricity. Then there is also the political side, where the ability to store funds outside the tentacles of the dictator Xi Jinping meant that people were less susceptible to pressure and could escape if things got too dangerous or express opinions they might otherwise have to hide. |
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Have seen few discussion in this board about odd providers limiting user accounts, I assume they must be tracking user's accounts across multiple casinos by email address, kyc is triggered later.
My question is, would it be possible to circumvent such imposition by simply using different emails while registering on different casinos?
What you've probably also seen or should have, is how often this type of abuse gets caught. Why should anyone here encourage you to commit fraud against these casinos? If you have to ask this sort of question then I can guarantee that your accounts are going to get frozen and you will lose any deposited funds, then undoubtedly come here to complain when they catch you breaking the terms of service. If you don't agree with the terms of service of a site, then don't use it - simple. They use many more methods than just an email address to determine if you are trying to cheat them and that's all you are - a form of cheater which is never a good thing. Learn to play fair or you will waste your time in the long run. |
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Tesla, an automobile company was holding more than 1.5 billions in 2021 but lost it in the year 2022 when we had the bloodbath. Since Tesla had its image connected with bitcoin as well as reputed automobile industry it was definitely forceful decision to sell it all in the long run.
But, they did it playfully and saved as much as 64 million dollars in profit when bitcoin shown its volatility waves. Tesla also trimmed almost 10 percent of profit from the company itself to balance out it.
The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits.
What a strange rollercoaster and example of how Elon's herd of followers, which has since been falling greatly, could be manipulated into buying anything that he wanted to hype at the moment. Bitcoin did benefit somewhat from his wild tweeting and getting Tesla involved in it, but he might have done more harm in the long run. Basically when Twitter started to signal (even if it was 3 months after the event) that they were divesting from Bitcoin, you would instantly see it followed by a wider exodus. If Elon had done his research beforehand on environmental impacts instead of coming up with a deceptive trading idea, based on getting people to pump it up due to his tweeting that was not covered by securities laws or at least not enforced at the time, he made some short term profits. |
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I am strongly in favour of desktop applications or even web based, as I think that phones are usually to small and I do not really trust much the apps, but there seems to be many people who would rather use their phone. Is that because they do not have access to a desktop computer? It may also be a regional issue, the same as people that do not use a browser?
I guess phone based apps can work for certain gambling situations like simple slot games or placing small sports bets. However I've had bad experiences with them in the past when playing things like poker where small, fiddly controls that don't allow for the maneuverability of a mouse/keyboard combination have caused a few mistakes. Whether it is betting too high, being unable to properly select the bet you want or even folding a great hand by accident due to clumsy finger placement - it simply felt impractical to long term success. Similar mistakes can happen when choosing sports bets where smaller text can make it hard to distinguish the right bet that you want to make, like accidentally choosing total goals instead of total corners, then not noticing until afterwards. |
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Does anyone remember a time around 5 years ago when many publicly traded corporations gained massive increases in stock value simply by announcing blockchain related projects? Kodak announces its own cryptocurrency and watches stock price skyrocketJan 9, 2018 There’s a growing list of companies that have added language about blockchain or cryptocurrency into their names and mission statements, and it makes sense. Companies that do so see their stocks rise in value afterward. The latest company to jump on this trend is, unexpectedly, Kodak, which just launched its own KodakCoin, a cryptocurrency for photographers. As soon as the news was announced, Kodak’s stock (KODK) jumped up, and as of this writing, its stock price is $5.02, a 60 percent gain. https://www.theverge.com/2018/1/9/16869998/kodak-kodakcoin-blockchain-platform-ethereum-ledger-stock-price It appears similar trends might emerge for businesses who announce AI related projects involving chatGPT and other emerging tech. This is where the value of insider trading and good sources of information can profit traders more than intelligence or knowledge. Even with investment and trading, who you know can be more valuable than what you know. Having inside information as to which stocks are planning to announce blockchain or AI projects which might send their prices surging upwards is the type of result which usually cannot be accurately predicted through technical chart analysis. The inside information can only be gleaned through having inside sources. It seems that AI is emerging as a hot commodity in markets. Maybe now is a good time to found that AI tech start up you've been thinking of starting over the years, and never got around to it. It happens again and again, as gamblers jump in on any company using the buzz word of the moment. Back in the year 2000 any company that was building a website would instantly get a boost. You mentioned blockchain projects and since then NFT's were the must have accessory that people were chasing. It's quite comical to see the latest fads blow up fast and deflate just as quickly, we never seem to learn or there are new fools born every minute. I guess if you're wise then you can take advantage of the situation but you need to be able to read the trends early and get in on the trade at the bottom, then be willing to jump out again before it bombs back - this sort of timing is very difficult to predict. |
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Hi gamblers, it's a simple question I want to ask...
Remember it is said that, in gambling, the house always wins, I Want us to look at this two scenarios and tell if this are not actually a way to win/beat the house..
Imagine yourself as a new gambler who just joined a casino, played a few dollars and with luck on your side, you win money running into thousands of dollars, will withdrawing your money plus winnings from that casino, never to return there to play again, mean you have beaten that casino?
Secondly, imagine that on your first day of gambling, you gambled $200 and in the process, won money running into hundreds of thousands of dollars, you withdraw the money and start up your own business, and never returned to gambling again, isn't this one way to beat the house?
Yes, that would be the perfect way to beat the casino and many people do this as part of matched betting. In some countries there can be dozens of sites offering welcome bonuses to entice new players, but you really need to read through the rules of each one and fully understand the process before jumping in to maximize your returns. You're also likely to find that casinos give slightly more favorable odds, although it might be hard to prove, to newer players as they want to draw them in and get them to play for the long term - they'll often spend a fair chunk on advertising to acquire new players after all. The honeymoon period might wear off advert 48 hours, 72 hours, a week or longer. |
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There are talks among the world's major central banks to begin the creation of their own digital currencies (Central Bank Digital Currencies for that matter). The launch of Bitcoin, and the widespread popularity of "De-Fi", has led governments to act fast before they're left behind the game. They know they can't beat Bitcoin, so they will try to be in-par with it by launching digital currencies of their own. The average person won't notice any difference with the new digital cash system, as everything would be the same as using a credit/debit card. I'm beginning to question whenever CBDCs will be able to replace paper money for good, or will it co-exist with the old system? After all, credit/debit cards didn't manage to replace paper money when they launched. For being in the 21st century, I'd say paper money should be phased out as soon as possible. Everything should turn digital, as we live in a digital society. How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you.  It's a bit of a catch-22 situation, because the majority of the world have been brought up in a society that was largely built around having easy access to physical coins and notes. However we're now getting to a stage where there are lots of different alternative electronic methods that we can pay for things - Apple Pay, Credit cards, Paypal, Cryptocurrency, etc. This means we have plenty of fall back solutions but there are drastic scenarios like the internet getting severed in times of war where we would definitely need some sort of exchange of value that does not rely on the internet to function, however in such an extreme scenario we might all be back on rations anyway. |
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Does anybody have this experience or this is happening with me. Most of my gambling losses have taken place when I feel lonely.
Today one such incident have taken place. I've kept my last few weeks signature earning aside to meet some medical needs. Today my mother got hospitalised and I'm her attender. She is supposed to take a minor surgery as her vision isn't clear. She's been taken to the Operation Theatre and I was left alone in the room. If anything required the nursing staff would call me. By thos time my mind didn't think about anything. All of the sudden why don't you gamble? and I started and made 0.009BTC close to 0.01BTC and the greed didn't left me. Finally lost all my month's earning kept aside.
Through this I would like to remind be careful when you are alone. If your mind wish to gamble, go for it. But don't consider it as a way to pass your time and keep on wagering. The outcome might hurt, because most of the time loneliness is felt when our mind is in a bad mood. Some enjoy being lonely, but the reality used to be different.
Only you have the power to change this behavior and you really need to catch yourself any time you start to think about gambling. I don't know how much you spend on it but there are plenty of ways to have fun without spending money. There are literally hundreds of thousands, if not millions of free game apps out there to keep you preoccupied in such situations. Your mind is tricking you into thinking you can make a profit from anywhere and casinos definitely use manipulative psychological tactics to get you to spend everything. You should have been happy getting your money up and had plenty of time to stop as your balance drifted away, but that is what greed does to people, so better to abstain from it altogether if you cannot control it. |
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One of the biggest difficults in life is to manage growing your patrimony and income, when earning minimum wage and living in poor areas where opportunities are scarce, as is the money circulating in the local economy. Some hints that could be useful:
Get rid of addictions/habits: addictions or habits (in mild cases) are harmful not only for your health, but also for your finances. Cigarettes and alcohol are responsible for consuming a large portion of the income from individuals living on minimum wage. It's not that unsual to find people spending at least 1$ on cigarettes daily, what after 1 month will result in 30$ expenses, which could be going into bitcoin investment, for an example.
Choose carefully where you go shopping: some supermarkets are more expensive than others. Shopping on physical stores is more expensive than shopping online. Don't go for the first price you see on the labels. Search for promotions, try to adequate your demand for products to your currently financial budget in a way you don't spend all your money in the end of the month.
The impression which matters is the one you have about yourself: forget about boasting yourself to friends and suitors around. Live a realistic life and don't pretend to have a superior lifestyle in order to make people's eyes shine in front of you. There is nothing wrong in displaying some style, it's actually pretty good and satisfactory, but only when we can really afford it.
Doesn't matter how depressing is your day, never give up: everyone has their depressing days, but these days can't become a rule in someone's life. Don't feel pitty of yourself, don't blame your life and your currently conditions. Think it's just temporary and that an exit from this situation is reachable with good will, effort, hard work and a positive attitude with people around you. Sometimes opportunities come from where you least expected, so be receptive to the society in general, while being careful with potential abusers of every kinds.
It's hard and expensive being poor, so anything that you can do to build up a bit of a financial buffer will greatly help you. If you can buy products in bulk you can save huge amounts over time and you should pay particular attention to special pricing because product prices can vary widely. I've also seen some crazy behavior by people with low amounts of money who try to replicate what they think other people with money are doing - like buying takeaways which cost huge amounts compared with learning to cook your own dishes (ideally in large batches) with cheaper but more quality ingredients - you also cut out a lot of overly processed foods by doing this too. Looking after your health can go such a long way. |
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Hi friends, I am still on the matter of helping a friend who wants to build his own gambling project, the question of the day is about KYC verification, why are popular crypto gambling platforms are not KYC verified themselves? I mean the team behind the online casino why are they not KYC verified and they ask for KYC instead?
Wouldn't it be more fair if they want to stay behind the veil and not as users KYC verification? If they are scared of the law/regulations it makes sense the are verified too, doxxed or something .
Anyway fast forward to my second question, will a gambling platform be more attractive for users if the team are 100% doxxed?
It's really not how it works. You have a pretty naive viewpoint if you think the staff of a financial company would expose themselves in such a way and why should people in a company not have privacy? KYC is designed to prevent financial abuse, it is not intended to share private information with the world. These companies and many even regulators in some countries might expect to see such personal details, but it is not fair and no worker would stick around to be put at risk like that. It's a complete liability to regular employees and would put them at much greater risk of things like kidnapping or blackmail if their information was shared, for no discernible benefit to anyone. |
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To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
Besides millionaires and billionaires who inherited their wealth, most self made rich people got their by hustling. They tried out many different strategies and combinations over time before landing on a special configuration that worked for them. You need to find the right balance when working on a side hustle, if you're putting a huge amount of time into it and not getting much value back from it, then you need to think how to optimize it or maybe just move on to try something else. However it can help build the right mentality or you might be willing to put up with getting under paid for a short time if it's funding a different project that you think might be more successful. A lot of people had to put up with a boring grind before figuring out what works or reaching a certain level of success. |
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https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell. It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008) I think there are several lessons here: - there is not easy bet! even lower odds there is always a risk. - it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards! - gambling is not easy at all! it's really hard achieve a profit even for easy games! what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes? It's such a crazy story and so dumb by the person who is betting. If they wanted to feel some sort of rush and not even a particularly high risk bet, they could have gone for something that had odds of 2.0. There are plenty of bets at this level which win each week, you could even throw together what would look like a fairly safe multi/parlay bet to reach those figures without it getting too scary. They could have gone for simply risking small amounts to make the same return of $11k and kept their massive bankroll intact. These aren't the freak event's that they seem and this bet indicates that the bookmaker is expecting roughly 1 out of every 100 bets to lose, not a risk I'd take on over a million dollars. |
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Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.
I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.
The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run
What do you think!!!
Investing generally involves coming up with a plan that should include an exit, from the way you describe it you don't have much of a plan to get your money out at any point and are purely speculating. People who speculate tend to get greedy and lose much more in the long run. It's not like investing in a company, where they are making tangible profits each year and either re-invest it back profitably or pay it out to shareholders who are the real owners of the company. Ultimately most people need to convert bitcoin back into something they can spend and use in the real world, so it's a bit naive to just keep saying buy, buy, buy without a fixed point you've got in mind to sell. |
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I have a discussion with a close relative about online gambling and he said something that about how he hate gambling online because it's too addictive, he claimed real life casinos are better and less addictive because he will have to drive down to Las Vegas to gamble or drive down to a local casino and this still takes some physical effort and it discourages many people from frequenting gambling.
He said with online gambling it's available on through mobile phones and you can play at any time, this means no shortage of gambling around the clock and no shortage of losing money as well, you can easily pull out your phone and gamble with any free time, a bit compulsive and too accessible.
What do you think about this claim? Is he right or wrong?
Until you teach people about the futility of gambling or unless they are in a position where they understand that gambling is more often than not throwing money away, you'll never be able to change this behavior. Some people are genuinely in control but still know that they are going to lose to these places in the long run and are content with it as just a basic form of entertainment, which can be relatively harmless as long as it's just a small amount of their net worth. In reality though, many people do live near physical locations that could equally wipe out their bank balance - whether just slot machines or a race course where they can bet on horses, it just depends on how hooked they have become. |
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I am always skeptical why billionaires are always losing huge amount of money in days while people are suffering. Last time I read in a new that Elon Musk loses upto 4 billions in just few hours and the other time he made close or more than that in days. Money that would be very hard for an employee or middle class business owners to make in a year.
If we take a look on the news we will see that billionaires loses upto 2 trillions dollar last year and this January we had been hearing about several loses from some of the world billionaires.
Last year I heard that Jeff Bezos loses up to 80 billion dollars and Mark Zuckerberg also loses close to that amount which is enough to allivate poverty from a continent. The cause of their lose is best known to them but I think the funds should have been used to help the poor rather than allowing the money to vanish in a thin air.
I have seen so many programs fro the masses especially to aid those that are in need. Some of these aid organisations do seek for donations from individuals, companies that are ready to help with funds. When we have billionaires losing huge amount of money every year, why not they use those money to help the poor rather than losing them
In many ways this wealth is an illusion, the total value of some of these companies is what all the individuals in the market think a single share is worth multiplied by the quantity that have been issued. However that value is constantly changing and if faith is lost in a company for whatever reason, it can disappear like the illusion it was. Elon's arrogance, self interest and now highly political viewpoints being spammed on places like Twitter have done huge damage to his net worth because his ego needs feeding. He (and many other shareholders) lost their money because they did not sell out during the peak time in their company valuation, but even if they started to sell it would have indicated to others to sell as well and push the price down in a vicious spiral. |
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