There is Hope at the End of the Tunnel. Don't Give Up.

[FanEagle]

That's the risk he took from investing in the crypto space. It was reminded over and over again in this forum to invest at your own risk. Although I know he is not part of the family here, he does have a financial/investment specialist to help him in deciding all of that.
Exchange is not a good business in the crypto space, it needs every minute of monitoring, customer support, whales backing him up, and offers that will water the mouths of traders.
He made a wrong initial decision by giving away a big part of his coins to another exchange just so he could be listed. This is a good lesson for those aiming the same as him. Better just pay them with USD/USDT or any stablecoins in exchange for listing.

It’s clear that making mistakes is common in the crypto world, when there are too many people who could show the right path, there are still a lot of people who make mistakes because they think they are smarter than everyone else, and that’s not an easy thing to deal with realizing you are actually more stupid than all of them.

The easy thing would be buying bitcoin, as much as you can, putting it on a ledger, and then just leave it there, keep buying more when you get some money, and keep doing that for over a decade and you l be left with a lot of money in the end. But something as simple as that cannot be done and some people think they can make money quicker, and end up losing instead.

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[so98nn]

You think everyday is yours? Well that wasn’t Sams day and he lost it all. I am pretty sure he is poor by number but not by his bank account. He was billionaire with sound brain so he must have invested and saved up lot of money along the way. The fact is, we can not be rich in the crypto all the time and not all of us can be rich at the same time if you ask me. If someone is buying then someone is selling and it depends whether they are selling or buying in loss/profit. For Sam it was tragic, we are already in the bear, we already lost big chunk of money from the market and then FTX happened. What could have he done? Just wait and watch.

[serjent05]

There is always hope at the end of the day but after I watching this, well its look crazy that FTX collapse is not ending yet, I hope ftx find the way to recovel all the mess

I wonder why this investment doesn't save  FTX from collapsing.  As in, there are lots of investments done by FTX and its sister company Alameda, and yet they failed to supplement the needed fund of FTX to survive.  Now I wonder if these investments are just for show, while the management is moving away the funds of FTX clients.

It is also funny how SBF trick his FTX client of its profit by loaning the money to Almeda and making that investment acquire his own firm.  It looks like SBF had been fooling his FTX clients from the start.

[Jody.Drummer]

You think everyday is yours? Well that wasn’t Sams day and he lost it all. I am pretty sure he is poor by number but not by his bank account. He was billionaire with sound brain so he must have invested and saved up lot of money along the way. The fact is, we can not be rich in the crypto all the time and not all of us can be rich at the same time if you ask me. If someone is buying then someone is selling and it depends whether they are selling or buying in loss/profit. For Sam it was tragic, we are already in the bear, we already lost big chunk of money from the market and then FTX happened. What could have he done? Just wait and watch.

Agree with what you said about us not being able to continue to be rich in Crypto because sometimes we also have bad luck there and maybe even more often than actual profits.
But with this, we can also know that sometimes things that are expected are not always realized in real terms, so we really need a few moments to make this better, although there are still sometimes things that of course you don't really want, just like in Sam's case. and this FTX.

[BitDane]

You think everyday is yours? Well that wasn’t Sams day and he lost it all. I am pretty sure he is poor by number but not by his bank account. He was billionaire with sound brain so he must have invested and saved up lot of money along the way. The fact is, we can not be rich in the crypto all the time and not all of us can be rich at the same time if you ask me. If someone is buying then someone is selling and it depends whether they are selling or buying in loss/profit. For Sam it was tragic, we are already in the bear, we already lost big chunk of money from the market and then FTX happened. What could have he done? Just wait and watch.

Agree with what you said about us not being able to continue to be rich in Crypto because sometimes we also have bad luck there and maybe even more often than actual profits.
But with this, we can also know that sometimes things that are expected are not always realized in real terms, so we really need a few moments to make this better, although there are still sometimes things that of course you don't really want, just like in Sam's case. and this FTX.

The thing is, a person must be honest on his works.  Don't try to take advantage people trusting people because it may back fire one day. Just like what happened to SBF.  He has been exploiting his FTX exchange client.  Instead of directly acquiring the investments through FTX, SBF created Almeda to tunnel the clients funds into investment and take the profit directly by himself.  I think SBF had done enough fooling and cheating around, so this time he must take responsibility of all his wrong doings.

[Quidat]

You think everyday is yours? Well that wasn’t Sams day and he lost it all. I am pretty sure he is poor by number but not by his bank account. He was billionaire with sound brain so he must have invested and saved up lot of money along the way. The fact is, we can not be rich in the crypto all the time and not all of us can be rich at the same time if you ask me. If someone is buying then someone is selling and it depends whether they are selling or buying in loss/profit. For Sam it was tragic, we are already in the bear, we already lost big chunk of money from the market and then FTX happened. What could have he done? Just wait and watch.

Agree with what you said about us not being able to continue to be rich in Crypto because sometimes we also have bad luck there and maybe even more often than actual profits.
But with this, we can also know that sometimes things that are expected are not always realized in real terms, so we really need a few moments to make this better, although there are still sometimes things that of course you don't really want, just like in Sam's case. and this FTX.

The thing is, a person must be honest on his works.  Don't try to take advantage people trusting people because it may back fire one day. Just like what happened to SBF.  He has been exploiting his FTX exchange client.  Instead of directly acquiring the investments through FTX, SBF created Almeda to tunnel the clients funds into investment and take the profit directly by himself.  I think SBF had done enough fooling and cheating around, so this time he must take responsibility of all his wrong doings.

There's no smoke that could really be hidden out forever which means if things turns out to be shit and you've been hiding all of these things out of your investors or users the pretty sure you would
really be facing a huge problem and this is the best example on whats currently happening to SBF. Anything that you do bad will really be having that karma later on.
In speaking about hope about recovery into those investors who had some negative then for sure this market will really be having that kind of recovery
but for those funds who had been totally lost or been stolen then there's no chance about retrieval.

[Jody.Drummer]

Agree with what you said about us not being able to continue to be rich in Crypto because sometimes we also have bad luck there and maybe even more often than actual profits.
But with this, we can also know that sometimes things that are expected are not always realized in real terms, so we really need a few moments to make this better, although there are still sometimes things that of course you don't really want, just like in Sam's case. and this FTX.

The thing is, a person must be honest on his works.  Don't try to take advantage people trusting people because it may back fire one day. Just like what happened to SBF.  He has been exploiting his FTX exchange client.  Instead of directly acquiring the investments through FTX, SBF created Almeda to tunnel the clients funds into investment and take the profit directly by himself.  I think SBF had done enough fooling and cheating around, so this time he must take responsibility of all his wrong doings.

In this case, honesty is always the main factor. But indeed when it comes to finances, everything can become greedy, so things like things that can be said to be very reckless are commonplace. When greed dominates someone who puts his passions forward, then what happens is like Sam, which in the end makes him suffer his own loss.

Now everything has happened and we have to make this an experience because even if we don't feel it but we know the consequences when doing so, the loss will be multiplied.

[Fesatmas]

You think everyday is yours? Well that wasn’t Sams day and he lost it all. I am pretty sure he is poor by number but not by his bank account. He was billionaire with sound brain so he must have invested and saved up lot of money along the way. The fact is, we can not be rich in the crypto all the time and not all of us can be rich at the same time if you ask me. If someone is buying then someone is selling and it depends whether they are selling or buying in loss/profit. For Sam it was tragic, we are already in the bear, we already lost big chunk of money from the market and then FTX happened. What could have he done? Just wait and watch.

Yes, it is a fact that if we are not careful then whatever money we invest in crypto will be wasted. I like what you said that every emotion won't be ours, there are times when the day will be the bad day we get. And it's true again, a person like him may not only have one investment model, rather he is poor in his money in cryptocurrencies but not with anything else that is his second or even third pocket.

[odunybiz]

Is Bitcoin a good platform to invest?

Investing in Bitcoin involves patient. It isn't easy as some people use to think and talk about. Just like any other business, it has it ups and downs. Anyone who invest during bullrun will think is very easy but if you invest during bearish, you will really know what investing in cryptocurrency is. I know what I'm having in my wallet last year and what I'm left with now. It only the strong that can withstand this.

[serjent05]

In this case, honesty is always the main factor. But indeed when it comes to finances, everything can become greedy, so things like things that can be said to be very reckless are commonplace. When greed dominates someone who puts his passions forward, then what happens is like Sam, which in the end makes him suffer his own loss.

True, even friends and families become greedy.  So better make sure to not trust anyone, especially on the internet.  We should be vigilant when making transactions online.  The FTX incident reminds us that we must never leave our funds in exchanges unless it is needed.  

Now everything has happened and we have to make this an experience because even if we don't feel it but we know the consequences when doing so, the loss will be multiplied.

We must take learning from the experiences of other people.  Life is too short to learn them all by ourselves.  And it is devastating if we experience all the shit things of the world.

[Sebas.tian]

Is Bitcoin a good platform to invest?

Yes, because many people has tested Bitcoin investment that made them to prefer Bitcoin investment than any other investment, because no matter how long the bearish market take place, one day, the bullish market will definitely appear to make both long term traders and short term traders happy. Despite, what traders are going through in this bearish season,I think there is a big hope for those that can exercise patience with this bearish market and hold for the bullish season to come, which is very close to traders to experience in the community.

[Lubang Bawah]

Cryptocurrencies is a type of investment that is very risky, when someone gets a big profit, it is better to use for other types of investment such as property, gold or others, sometimes human nature and always never satisfied making a sad end, this is an important lesson for us that if if if One time we get a big profit then immediately switch to another type of investment, not too long hold.

[Yatsan]

Sam Bankman-Fried, the 30-Year-Old Billionaire Once Richer Than Dangote, Now Officially Poor.


Is Bitcoin a good platform to invest?

Sam Bankman Fried was the Bitcoin Lord in FTX (Futures Exchange) and he was the Chief Executive Officer (CEO) of the company (FTX), and he having about $26 billions which was equivalent to (#11.4 trillions) and in the 8th of 9th of November 2022 Bitcoin became bankrupt to the rate of $15k and on the of 11th of November, 2022 Sam Bankman-Fried become zero in the crypto space. And he left the position as the coe because of the Bitcoin bankruptcy.
Someone that once Richer than the richest man in Africa and become a poor man within a week. Are you sure crypto is the best place to invest?

Nigerian Crypto Big Boy Offers to Compensate Traders With N221 Million
US base Nigerian Bitcoiner Donated $500,000 to investors in this bear market. The crash took investors unaware and it is very drastically reducing to the predicted $10k, so a lot of people are crying for their lost.

Therefore, a Nigerian who is in America, a Bitcoin billionaire Gaius Chibueze offered to assist investors in this crash.

There is Hope at the End the Tunnel
Upon all that, Nigerians still have the hope despite the drastic bear market.Most Nigerians are on tears because of the recent crash that came suddenly yet they still have the hope that Bitcoin will still rise again.

Life is indeed like a roller coaster, rich quickly, and what happens to the founder of FTX is a big record, Bill Gates, Elon Musk and so on when the age of 30 has not had wealth like him, and this is what makes anyone obsessed from Cryptocurrencies.

That's not it there was a factor which caused the reult which is what happened recently. The problem is that people are generalizing the incident such that it will happen again which just causes people to panic . Cryptocurrencies not only Bitcoin is already a risky investment because of the volatile market prices. But the risk involved in the incident is not solely with the investor but the exchanger itself. It should be a safe haven to investors because they are paying for the service, the result should not be that way. The issue is merely because of platform's negligence of not securing the networks.

When it comes to what happened with Sam is also another story. He invested most of his assets to something which cannot be controlled with consistency.

[michellee]

Cryptocurrencies is a type of investment that is very risky, when someone gets a big profit, it is better to use for other types of investment such as property, gold or others, sometimes human nature and always never satisfied making a sad end, this is an important lesson for us that if if if One time we get a big profit then immediately switch to another type of investment, not too long hold.

Whatever investment you make, you must know about the risks in advance and make estimates and how to deal with those risks if they happen to you so you can minimize them. It is always good to have many types of investments and diversify your investments to benefit from various investments. And bitcoin is a good investment to have. Even though investing in bitcoin is risky, the price movements are too fast, but if we use the right time, we can profit.

[Sterbens]

Cryptocurrencies is a type of investment that is very risky, when someone gets a big profit, it is better to use for other types of investment such as property, gold or others, sometimes human nature and always never satisfied making a sad end, this is an important lesson for us that if if if One time we get a big profit then immediately switch to another type of investment, not too long hold.

Whatever investment you make, you must know about the risks in advance and make estimates and how to deal with those risks if they happen to you so you can minimize them. It is always good to have many types of investments and diversify your investments to benefit from various investments. And bitcoin is a good investment to have. Even though investing in bitcoin is risky, the price movements are too fast, but if we use the right time, we can profit.

Each investment has its own strategy, many factors influence price movements. And that's where we can actually learn and make our risks smaller in that investment. There is no profitable investment if we do not have the knowledge, everything is based on good knowledge to bring us profit.
Bitcoin is a very promising type of investment if we are able to understand all the elements that are in bitcoin. Again all based on knowledge.

[shiningbright]

Thank you

[Silberman]

Cryptocurrencies is a type of investment that is very risky, when someone gets a big profit, it is better to use for other types of investment such as property, gold or others, sometimes human nature and always never satisfied making a sad end, this is an important lesson for us that if if if One time we get a big profit then immediately switch to another type of investment, not too long hold.

Whatever investment you make, you must know about the risks in advance and make estimates and how to deal with those risks if they happen to you so you can minimize them. It is always good to have many types of investments and diversify your investments to benefit from various investments. And bitcoin is a good investment to have. Even though investing in bitcoin is risky, the price movements are too fast, but if we use the right time, we can profit.

And this is something that every investor must do but they refuse to do so, when they invest they only think about the best possible scenario but they never think about the things that could go wrong and force them to take a difficult decision, and yet those are the decisions that make you or break you as an investor, because at the end being a trader or investor will always come down to your ability to take the right decision under pressure, and very few people can do this if they are not prepared for it.

[og kush420]

Cryptocurrencies is a type of investment that is very risky, when someone gets a big profit, it is better to use for other types of investment such as property, gold or others, sometimes human nature and always never satisfied making a sad end, this is an important lesson for us that if if if One time we get a big profit then immediately switch to another type of investment, not too long hold.

Whatever investment you make, you must know about the risks in advance and make estimates and how to deal with those risks if they happen to you so you can minimize them. It is always good to have many types of investments and diversify your investments to benefit from various investments. And bitcoin is a good investment to have. Even though investing in bitcoin is risky, the price movements are too fast, but if we use the right time, we can profit.

And this is something that every investor must do but they refuse to do so, when they invest they only think about the best possible scenario but they never think about the things that could go wrong and force them to take a difficult decision, and yet those are the decisions that make you or break you as an investor, because at the end being a trader or investor will always come down to your ability to take the right decision under pressure, and very few people can do this if they are not prepared for it.

sometime there is nothing at the end neither light nor hope - i went through horrible time of my life during last 2 years. Nothing worked and nothing working

[mich]

Well for me personally I will not give up hope and know that Is Bitcoin a good platform to invest. Its the people who can not seem to understand Bitcoin who are the ones who doesnt agree with it and see bad things happening so immediately give up on it.

Since Bitcoin is not such a easy topic for everyone to grasp like for example a credit card, it is easier for them to disagree with it then to learn about it and agree with it. I have been surprised with some people who I think would agree with it since they are business people but still they dont think its worth learning about.

[Cryptmuster]

Whatever investment you make, you must know about the risks in advance and make estimates and how to deal with those risks if they happen to you so you can minimize them. It is always good to have many types of investments and diversify your investments to benefit from various investments. And bitcoin is a good investment to have. Even though investing in bitcoin is risky, the price movements are too fast, but if we use the right time, we can profit.

Investing always carries certain risks. I will tell my point of view that investing in bitcoin is no more risky than investing in real estate, there is a lot to argue about this, but this is the reality that I see. You are right in that you need to diversify your investments, this can always save some of your investments, you cannot store all your eggs in one basket.