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ti-amie United States of America
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Re: Business/Markets/Stocks/Economics Random, Random

#61

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“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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ti-amie United States of America
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Re: Business/Markets/Stocks/Economics Random, Random

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“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Business/Markets/Stocks/Economics Random, Random

#63

Post by ponchi101 »

Eye opening.
The (supposed) backing of this crypto ponzi scheme was real money. Not other crypto, not any good. Real, tangible money. Because the FDIC does not pay you back in Bitcoin, it pays you in real mullah.
And they still invested in this scam.
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ti-amie United States of America
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Re: Business/Markets/Stocks/Economics Random, Random

#64

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“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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ti-amie United States of America
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Re: Business/Markets/Stocks/Economics Random, Random

#65

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“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Business/Markets/Stocks/Economics Random, Random

#66

Post by ponchi101 »

The ponzi is over. Let's see who remains holding the sack of :poop: in the end.
Oh, right, the little people. I always forget.
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Re: Business/Markets/Stocks/Economics Random, Random

#67

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Someone posted commentary from people who were scammed by the people behind Celsius. It's not an easy read. I'll try and find the thread. And you're right Ponchi, they're the little people.
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Re: Business/Markets/Stocks/Economics Random, Random

#68

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“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Business/Markets/Stocks/Economics Random, Random

#69

Post by Suliso »

Investing in crypto (particularly other than bitcoin) was always a very high risk endeavor. Surely everybody understood that, right? Might have still made sense for many as a get rich quick gamble with a small part of savings.
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Re: Business/Markets/Stocks/Economics Random, Random

#70

Post by ponchi101 »

Suliso wrote: Fri Jul 22, 2022 6:49 am Investing in crypto (particularly other than bitcoin) was always a very high risk endeavor. Surely everybody understood that, right? Might have still made sense for many as a get rich quick gamble with a small part of savings.
This year, I was filing my taxes in the USA. I was at H&R Block, and was finishing the process. I overheard one of their advisors talking to somebody on a phone, about Crypto. A solid investment, quick turnaround, etc. I talked to my tax expert and asked her about it. To my surprise, she said it was solid: you could get a 10% return in a matter of weeks. Finding out a bit more, I spoke to the other person, who said that the investment was simple: BT would fluctuate between 32K and 47K, so the trick was to buy low, and sell high.
I wonder what they are telling their clients now. I could not believe that these people could not see the financial fallacies in what they were saying. I may be looking for a new tax advisor next year.

No, I don't think that everybody understood the real risks of BT and all other crypto. They don't understand how real currencies have a value, or, unreal currencies (like the Venezuelan Bolivar) don't. They just saw Matt Damon and Tom Brady telling them they were going to get rich and fell for it. A quick profit is always hard to pass, more so if you don't have the financial training or smarts to see the scheme.
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Re: Business/Markets/Stocks/Economics Random, Random

#71

Post by ti-amie »













P1/2
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Re: Business/Markets/Stocks/Economics Random, Random

#72

Post by ponchi101 »

Yes, the little people.
But from the picture in her profile, it seems that this was a young person, and therefore somebody with no knowledge of what a Ponzi scheme is because she never lived through one.
Wonder how many more Molly's there are.
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ti-amie United States of America
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Re: Business/Markets/Stocks/Economics Random, Random

#73

Post by ti-amie »

p 2/2



Molly White @molly0xFFF
"... and that should anything go wrong they have more than enough money to make all depositors whole. He also started that he himself would personally compensate investors to make them whole if ever needed."

Molly White
@molly0xFFF
·
Jul 21
92: "I am very affected by Celsius Network freezing my account and filing bankruptcy due to lack of risk management and false promises. Even though my assets were not in six figures, that was the majority of my life savings and retirement fund."





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ti-amie United States of America
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Re: Business/Markets/Stocks/Economics Random, Random

#74

Post by ti-amie »



They really don't and wouldn't care.
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Re: Business/Markets/Stocks/Economics Random, Random

#75

Post by ponchi101 »

The next and only thing they will read will be their serving papers.
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