29 Year Old Legend In Crypto Trading

[Wiwo]

A 29-year-old crypto billionaire who's perfected digital-currency arbitrage shares 2 tips for investors looking to get started in trading — and explains why ether is unlikely to surpass bitcoin

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.

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[carlfebz2]

^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.

[crzy]

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?

[Johnyz]

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.

[bhadz]

Looks like an interesting research and I didn’t know the successful traders will reveal his identity in the public.

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.

[Accardo]

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.

[mk4]

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 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.

[Jawhead999]

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.

[Findingnemo]

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.

[hugeblack]

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.

[palle11]

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".

[GreatArkansas]

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.

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?

[Fesatmas]

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.

[JooBra]

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.

[taufik123]

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.

[stadus]

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

[Alisha-k]

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.

[24Kt]

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

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.

[sheenshane]

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.

Sam Bankman-Fried is a graduate of MIT University and of course he is very intelligent.

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

[Yamifoud]

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.

Sam Bankman-Fried is a graduate of MIT University and of course he is very intelligent.

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.