29 Year Old Legend In Crypto Trading

[adaseb]

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.

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[Mpamaegbu]

He might not want to share that much, and I can’t find any video as well.

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.

[Vaskiy]

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.

[Wiwo]

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.

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.

[sheenshane]

-snipped

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.

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.

[TelolettOm]

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.

[worle1bm]

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.

[bitterguy28]

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?

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?

Bankman is a founder and CEO of FTX company he's goal is to make massive income from crypto currency not for himself which is for those kids whose living in the orphan. Infact next year his plan is to donate billion.. Well probably its a gift for him to help other people. Imagine he's a millioner/ billioner but he doesn't have any expensive things such cars, houses and etc. And his trading technique is very brilliant whrein he just sell bitcoin in other country exchanges when there's a big difference when it comes to the value.

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 .

[Chato1977]

Bankman is a founder and CEO of FTX company he's goal is to make massive income from crypto currency not for himself which is for those kids whose living in the orphan. Infact next year his plan is to donate billion.. Well probably its a gift for him to help other people. Imagine he's a millioner/ billioner but he doesn't have any expensive things such cars, houses and etc. And his trading technique is very brilliant whrein he just sell bitcoin in other country exchanges when there's a big difference when it comes to the value.

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 .

[slaman29]

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.

[Vaculin]

Bankman is a founder and CEO of FTX company he's goal is to make massive income from crypto currency not for himself which is for those kids whose living in the orphan. Infact next year his plan is to donate billion.. Well probably its a gift for him to help other people. Imagine he's a millioner/ billioner but he doesn't have any expensive things such cars, houses and etc. And his trading technique is very brilliant whrein he just sell bitcoin in other country exchanges when there's a big difference when it comes to the value.

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 .

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.

[Oceat]

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.

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.

[wxa7115]

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.

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.

[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.

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.

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.

[mich]

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.

[Kasabus]

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

[Peanutswar]

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.

[Wiwo]

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 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.

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.

[OcTradism]

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.

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.

[michellee]

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 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.

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.

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.