Comment · Wed, November 16, 2022 · ND Owner
SBF from FTX uses nootropics depot. Can anyone zoom in and figure out what supplement that is?
What they were answering
Mobile_Jealous · 3 points
I'm on about poor strategy if you were getting into the market now. No doubt btc and eth have been good investments but the roi is shrinking each year. I'm more into aping $50 into a shitcoin and turning it into 20k kek
u/MisterYouAreSoDumb · ND Owner
As I said, that's just going to the shitcoin casino. Hey, I go to Vegas, too. It can be fun if you don't actually treat it as an investment strategy. Getting drunk and putting it all on black to start the weekend might get the adrenaline flowing, but I ain't suggesting that to people with money they shouldn't lose. Tossing $50 into SHIB or some other stupid meme coin/token might make a better ROI if you get lucky. However, tossing $250K into it would be batshit stupid. There is no way SHIB exits in 10 years. No way. If you can get on the chair before the music stops, then sure, you might make a good ROI. However, if you are standing when the music stops? Well BTC's measly ROI will look really good in comparison.
Also, the reason this cycle sucked for BTC and ETH is because of FTX and SBF. They were taking customers' BTC buys, converting them to FTT, then lending them to Alameda to pump up the shitcoins! They were effectively shorting BTC through the entire bull run to pump up other shitcoins. That's why you think the ROI sucked. It's because of the fraud perpetrated by SBF and others in the space this cycle. All these bad actors in the space were net shorting BTC to provide for their yields to all their tokens! It artificially deflated the demand side for BTC and ETH in an attempt to funnel that capital to other projects. When the details come out about all this, it's going to become very apparent that many more people were buying BTC and ETH this cycle, but these fraud exchanges were depressing the price through these tokens to funnel into shitcoins. The ROI would have been much better had these frauds not happened. This is why I say this implosion will be good for BTC and ETH in the long run. We need to kill the shitcoin casinos that are fraudulently manipulating the market and stealing people's money.