Honestly do we really got rugpulled in pandemic?

[Broly46]

Honestly do we really got rugpulled in pandemic?

I'm still dumbfound, but the picture of rugpull keep resonating in my mind and can't get away with it...

Do we all really got rugpulled by a bunch of (bad actors that sither in the dark) just like what they hint about getting rugpull in crypto(2021) which is all but a simulation to the real world rugpulling in 2008 esque that still leave many guys totally confused and living in denial and got caged like a fangless lion and unable to get out.

I wasn't participate any substantial amount of energy or money in real world so I was totally unaware of nothing!

Anyway the main point is, do we successfully get out of this nearly unharmed? There isn't a metric to gauge any of this happening.

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[DapanasFruit]

Unfortunately, there are now many similarities between the "rugpulling" that happened and can still happen in the crypto industry...and the real world we live in wherein people are still taken for granted and just fooled even by the very people that should be serving them. So many interests of the elite have been crammed in the throats of the common guys while deceiving them that things can be for the common good...and now we are starting to see the truths coming out. We have been rugpulled...yet this is not going to be the last for as long as people are staying in their comfort zones.

[BenCodie]

You are right in feeling the way that you feel, however this is just the system in power at play. FTX was able to grow as large as it did, influenced by much more than just SBF, also by powerful figures surrounding him. The ultimate goal? Maybe not to rob all of the people within FTX, but to manipulate the market and majorly capitalize from it. Imagine the gains that were made by those who knew that FTX was pumping up the market, and imagine the gains that they made from shorting it all while knowing that FTX had such a large hold over the space? Additionally, imagine how many investors and traders who understood the market was overbought, thus shorting it, got liquidated...similarly, imagine those who believed in the market, had a margin position, and got liquidated?

The losses add up so much more than just FTX, the market manipulation would have destroyed way more than the ~$50b that FTX lost/mishandled or whatever they say happened. It's just a penny in the water against how much wealth was concentrated back to the people surrounding SBF that were in the know.

And yet, no news about this. Just a spotlight on the face, and not spotlight on the ripple effect...but unfortunately, that's life. Those who had lost had to have had the risk of losing it all considered, no matter how unfair the circumstances were that caused the loss. There will always be bad actors, and it's not always those without power or money.

[Juse14]

Anyway the main point is, do we successfully get out of this nearly unharmed? There isn't a metric to gauge any of this happening.

We are just people who enjoy development and economic progress. We are not the main actor in economic sustainability, both nationally and globally. We do not have businesses that play an active role in the economy and trade which can affect the economy as a whole. We are just a society that depends on a company to continue to have income to survive, so the steps and decisions taken by economic and trade leaders greatly affect us and will have an impact on our economic and financial stability. Because we are not the people who can regulate an economic system, but we are only people who are victims of an economic system.

And it's impossible for us to get out of this situation well. In making a decision, of course there are risks and challenges that we have to face. It could be that the risks and challenges will be greater than we previously thought. But even so, we must not be discouraged and continue to do our best to get out of this situation.

And today's quote; "if you fall, then keep trying until no one else can bring you down"

[tabas]

That season has given us the wild ride, both positive and negative and that has given the best and worst on this market and also from the world. The best is like when the exposé of those real scammers in the community that has taken sums of money from the innocent users and swindled everyone, like was successfully made us a fool that they're the angels of the market. But lo and behold, they're the real devils that have planned it all along. And going with the real world incidents, it's like an actual reset for the majority but what I don't like from this scene is that the rich became richer.   

[btc78]

Unfortunately, there are now many similarities between the "rugpulling" that happened and can still happen in the crypto industry...and the real world we live in wherein people are still taken for granted and just fooled even by the very people that should be serving them. So many interests of the elite have been crammed in the throats of the common guys while deceiving them that things can be for the common good...and now we are starting to see the truths coming out. We have been rugpulled...yet this is not going to be the last for as long as people are staying in their comfort zones.

this phenomenon isn’t uncommon especially in my country people are greedy and mostly in need of money

this is easy because there are also a lot of people who don’t analyze new projects carefully and are easily fooled by shining words and promises of course we have to remember that these people are also in need of money or at least most of them the people who gets victimized by this type of things are those who are desperate enough to not notice red flags

[Broly46]

...can still happen in the crypto industry...

I think it was nothing more than a prank, what is there to see for a simulation, in no way you could gain anything meaningful from a simulation game.

... real world ...still taken for granted and just fooled even by the very people...

are you telling me thing would change dramatically within a short timespan as short as a year? That is bold claim!

...and now we are starting to see the truths coming out. We have been rugpulled...

What have we have today that is we can see, tbh there is nothing to see except usual narratives that is all over the place, I'm not going to tell anyone to believe anything on the internet, even though it is/may be truth.

You are right in feeling the way that you feel, however this is just the system in power at play. FTX was able to grow ... The ultimate goal? Maybe not to rob all of the people within FTX...

I'm fortunate I wasn't in any meaningful way to do with FTX, I had read horror story all over the internet, I was shocked to know investors actually send life saving into FTX exchange and they got lock out from the exchange, balance wipe out, frozen, they are still haven't give up (even now) and waiting for the REFUND proceeding, I mean how is guy so gullible to send life saving to a brand new exchange, is it greed or is it pure marketing that is at work? I do not know the total damages, it is horrible the loss is well felt across the board.

...capitalize from it. Imagine the gains that were made by those who knew ...made from shorting it ...... traders who understood the market was overbought, thus shorting it, got liquidated...and got liquidated?

All of this are pure gamble, I do not think you have a chance eventhough you have every information exposed right before your eyes, you can catch a poker cheating in a match, but it is the exchange you are dealing with, it is intangible which there is literally nothing you can do to riducule them, not a chance, go long or go short you loss, in a dice game go big or go small you loss, rigged game!

...have destroyed way more than the ~$50b that FTX lost/mishandled ... that were in the know...

I couldn't ignore the news totally, yup I think the figure is quite reasonable, I was shocked to know the entity alone could mint near $35b worth of USDT, how on earth they could pull the figure is totally out of my head! Also many investors got totally wrecked by the collapse!

...And yet, no news about this. ...that's life.

Classified news like this would never get into your hand btw, it is too shady to be publicized.

... There will always be bad actors, ...

Too bad, you can never read a person intention or mindset, you do not know what would come to you until the very end, by the time you realize them, it is too late!

[rat03gopoh]

Financial evolution, unfortunately, is not balanced with dsitributed knowledge of society. Once they hear about the value growth, they will consider it a profitable scheme with no risk and they can enter without any hesitation.
This point is actually exploited by "people who know better". Crypto is really mostly for this purpose.

[hyudien]

Whether we realize it or not, we are feeling the impact of the pandemic, but before we go any further, if you mean by the crypto crash that means the most surprising period in 2021 is FTX. Meanwhile, if we talk about the pandemic broadly, it is clear that almost all elements of society feel this way, whether crypto users or not. What I mean is the Covid 19 pandemic, so when it comes to the collapse of FTX, that's only 1% of the losses of many people in this world.

Returning to the focus of the FTX case, which is like tangled threads that are connected to each other. The SBF pours funds into political campaigns, so it is not surprising that criminal proceedings reach large amounts. Some of us have started to know when the SBF girlfriend was caught and unlocked all the puzzles behind the market crash. Both of them deliberately manipulated it in quite a cunning way, even on the first day FTX plan was implemented neatly. So that SBF is able to disburse large funds into political channels to anticipate bad things.

[Yamane_Keto]

If I understood you correctly, you are talking about the economic consequences of the pandemic, correct? If so, then the global economy is still suffering from the consequences of the pandemic, the impact of which could extend for an additional three years. However, I think that the economy has been affected by geopolitical factors in the recent period more than the economic consequences. Financial and political policies have led to a rise in oil prices and changing all of the lives that we live according to interest rates. High and higher tax levels

[Aeroplanino]

Whether we realize it or not, we are feeling the impact of the pandemic, but before we go any further, if you mean by the crypto crash that means the most surprising period in 2021 is FTX.

FTX crash is in 2022, the last year, not in 2021.

The collapse of FTX: What went wrong with the crypto exchange?
Bankruptcy of FTX

Their exchange token FTT got its all time high 2 years ago, $85 on September 2021.

All-time high
Sep 09, 2021 (2 years ago) $85.02

All-time low
Jun 10, 2023 (5 months ago) $0.7763

[Gozie51]

It was actually a rug polling when in 2020 the pandemic hit the world and gradually crippling into all aspect of the economy because nobody or few people imagined it but yet not prepared for it. I believe that since three years ago, the world has felt worse economic downturn more than it has felt 10 years ago. If you have a close look at the inflation indice from the year before 2020 , you would see a decrease but it has increased after that.

https://www.macrotrends.net/countries/WLD/world/inflation-rate-cpi#:~:text=World%20inflation%20rate%20for%202022,a%200.23%25%20decline%20from%202018.

[Lorence.xD]

I don't know if we were rug pulled back then in the pandemic, as the economy of every country has been affected since most of the jobs, and businesses have been forced to close down to avoid the spreading of the virus. Not sure if the economy has recovered after almost 3 years but in my country, a lot of people lost their jobs and some people took advantage of the situation and profited. In my case, I just do work from home since it's not allowed to go outside, so I could handle my time by doing work as well as doing investments in the crypto industry, which is a benefit for me.

After the lockdown where people are trying to go back to their jobs and recover, the government is trying to announce another variant of viruses, but people have been vaccinated and don't want to go back to lockdown due to they don't have a source of income, I think this is is actually fishy that they are trying to bring back that situation so for sure they are benefiting or what can we say they are trying to"rug pulled" once again, cause they have the power to manipulate the market.

[Broly46]

We are ...not the main actor in economic ...not have businesses .. just a society that depends on a company to continue to have income to survive...

That describe precisely what you are but nothing more than social or economic output. Doesn't it sound pathetic how vulnerable is your position?

... it's impossible for us to get out of this situation well. ... today's quote; "if you fall, then keep trying until no one else can bring you down"...

Making a system that is easy to get out, why would anyone make the system, it is self-defeating, obviously system is purpose-made to lock you up, to stripe you off your freedom.

...wild ride, ... The best is like when the exposé of those real scammers

Isn't it scammer is always the wolf dressed in well-dress white collar that look smart attire. But man, gullible people keep falling for them, scammer keep doubling down on fooling them, the cycle never end.

going with the real world incidents, it's like an actual reset for the majority but what I don't like from this scene is that the rich became richer.   

Of course rich always get richer. It is not a fairy tales where you can meet a genie and all of a sudden you are granted with superhuman ability. It is a zero sum when the rich get poorer, nobody would have the motivation to improve with everything going zero sum.

...in my country people are greedy and mostly in need of money ...

Life is unpredictable, every guy I meet today are savage and barbarian, it is the complete opposite to the once sweet and soft spoken gentleman they used to be, something is cooking up!

... are easily fooled by shining words and promises ... are also in need of money ...are those who are desperate enough to not notice red flags ...

Lmao, it sum up just one thing, sex always sell, because desperated guy would still pay top dollar for top tier intimacy experience, the fomo and fola emotion is nothing more than leveraged on this very same oneitis and adrenaline rush, and make a killing out of gullible guy.

...is not balanced with dsitributed knowledge of society...

...they will consider it a profitable scheme with no risk ...Crypto is really mostly for this purpose...

ngl, it was the exact tactics pull by stock broker who underwriting unsecure debt and repackaged them into bond and sell it to investors, remember the jp morgan would simply issues IPO to any random near defunct company with very bad financial position, and get them listed on main board to fool investors, because banker have to sell something or they would go broke, either they selling scam or they go broke. Obviously they finally get awarded with morally bankrupted career.

 What I mean is the Covid 19 pandemic, so when it comes to the collapse of FTX, that's only 1% of the losses of many people in this world.

You failed to see, the 1% you mentioned is accounted to the only financially capable individual, there isn't many guy who are capable to and win the darwin battle become the fittest survival and earn a living wage, so that is quite ironic, even the top 1% of the best talent got their life saving wipe out by the collapse, that is certainly a MT-GOXed moment, or a Bernie Madoff fiasco whichever you like most.

...The SBF pours funds into political campaigns, ... criminal proceedings reach large amounts. ... SBF girlfriend was caught and unlocked all the puzzles behind the market crash. ...manipulated it in quite a cunning way, ... to anticipate bad things.

The more I read about this exposè, the more I could not think logically, I mean all of this are just a legal sparring and everybody are exchanging word of mouth, how many of them are telling the exact occurance, although legal battle is full of fraud and it is always wise to fight it to the very end, don't care who is winning or losing but the point is to know the real truth, honestly, you are now making up another phoenix wright top defend attorney moment, and it is all fun and entertaining!

[taufik123]

Financial evolution, unfortunately, is not balanced with dsitributed knowledge of society. Once they hear about the value growth, they will consider it a profitable scheme with no risk and they can enter without any hesitation.
This point is actually exploited by "people who know better". Crypto is really mostly for this purpose.

That's always the case, for those who look at crypto for the huge profits it can bring, instead of being aware of the risks it can bring.
Seeing that many people are indeed enthusiastic, it needs to be a concern to emphasize good financial knowledge.

But right now in reality, people's ability to know about finance as a whole is very lacking, they are not aware of the dangers that lurk.
Those who have many evil intentions take advantage of the moment to steal from people who do not fully understand.

[TakeItEasy]

Honestly do we really got rugpulled in pandemic?

I'm still dumbfound, but the picture of rugpull keep resonating in my mind and can't get away with it...

Do we all really got rugpulled by a bunch of (bad actors that sither in the dark) just like what they hint about getting rugpull in crypto(2021) which is all but a simulation to the real world rugpulling in 2008 esque that still leave many guys totally confused and living in denial and got caged like a fangless lion and unable to get out.

I wasn't participate any substantial amount of energy or money in real world so I was totally unaware of nothing!

Anyway the main point is, do we successfully get out of this nearly unharmed? There isn't a metric to gauge any of this happening.

BTW in which sense are you talking about the rugpulled? And also which thing is most conveying your message for the rugpulled. Also this a person own's choice to invest in something or he wants to start some real life business instead of trading,  it doesn't matter.

I didn't understand the term you used rugpulled for which sense,  I mean the trading we are engage with or the business in real life we do with our money. So if you explain in a way we could easily get to the point.

[topbitcoin]

I wasn't participate any substantial amount of energy or money in real world so I was totally unaware of nothing!

Anyway the main point is, do we successfully get out of this nearly unharmed? There isn't a metric to gauge any of this happening.

Just being able to get through it, I am very grateful. Let alone getting out safely and unscathed. Just getting out of this situation seems very difficult. The current economy and trade with all its challenges and problems is full of uncertainties. And it makes us doubt whether the economy and trade will ever stabilize again.

I am quite tired of just standing as a spectator and I am also quite tired of being part of the people who are affected and victimized by the greed of the global elites in the economic world. Therefore, I invite all of you to be part of the people who control the system, not to be part of the people who are victims of an inhumane economic system. And we can start from the smallest things by building businesses to release our dependence on others. "Never think that this is impossible, because the possibility will always be there for people who want to try."

[The Sceptical Chymist]

I was hoping the online world had stopped using and overusing that stupid non-word that was made up on the spot by either an anonymous teenager or 20-something-year-old.

We didn't get 'scammed' by COVID so much as manipulated in a very big way by our governments, and I'm pretty sure that would include those from countries all around the globe.  It infuriates me when I think back on the lockdowns, the masks, the vaccine requirements (but not vaccines themselves), and all the other crap that seemed to go on forever.

I'm an adult, however.  I can't imagine what it must have been like to be a child growing up and only seeing human faces covered by masks.  That really pisses me off.  What the effects of that have or are going to be, I don't know but I suspect that there was some damage done that didn't need to be done.  Grrrr.

[Captain Corporate]

If we are talking about financially, then it is of course obvious that governments would side with the companies and make them richer and make us poorer. Lets sit down for a moment and think why? Well, simply because those governments consist of people, a president, a vice president, a congress, a senate, or whatever else you have in your nation, they are all PEOPLE, just like you and me, they are not any different. When you are a politician, you do not become politician to make the world a better place, you can't get anywhere with that mindset, majority of people who have that mindset loses the in-party elections, doesn't mean none ever go up, but its rare. So who does go up? The ones who are willing to bend the rules for their own benefit, because that means you will bend the rules for others benefit too, so the people in the party system that can take you higher, will want someone who will bend the rules for their benefit as well. When you get people like that in the government, that means they will get paid by companies, to do their bidding, and they will use their political power to make sure companies who bribe them end up doing better. It is as simple as that.

[Hamphser]

Honestly do we really got rugpulled in pandemic?

I'm still dumbfound, but the picture of rugpull keep resonating in my mind and can't get away with it...

Do we all really got rugpulled by a bunch of (bad actors that sither in the dark) just like what they hint about getting rugpull in crypto(2021) which is all but a simulation to the real world rugpulling in 2008 esque that still leave many guys totally confused and living in denial and got caged like a fangless lion and unable to get out.

I wasn't participate any substantial amount of energy or money in real world so I was totally unaware of nothing!

Anyway the main point is, do we successfully get out of this nearly unharmed? There isn't a metric to gauge any of this happening.

Rugpulled? This isnt some sort like of investment or whatever we do called it for us people who had been robbed into those pandemic times but i cant really be able to make myself not to think about those probabilities that that "COVID" was really be that created to have that kind of popular control and having those monopolized on making some so called vaccines just to make someone to be better or would get cured on the said virus on which we arent that blind on how big the money is really that circulating in talks about medication alone on which it do really seems or looks that it was really that intendly been created for that sole purpose
but well it is really just that my feeling or anticipation which it could possibly happen.

We cant really make out those kind of conclusions not unless if there's a solid proof to that, this is why its really hard that we are just living on this world on which we dont really have no choice but to adjust
accordingly if there are really bad situations that do really happen along the way. We cant really be able to make ourselves that be able to avoid if we wanted to.
This is why it would be always best that you should be having that savings so that when time or events like this to happen then you are at least prepared.