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A comment on The Sam Bankman-Fried empire crumbled. What happened? (part one). Parent comment

Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by stusmall on Thursday November 10, 2022 @11:29AM (#33548925)
The crypto community is wild. Literally in a thread about how the wheels are coming off the cart, the project frozen withdraws and possibly mishandled user funds there is the question "Should I buy in?" Also I love that the question of "What value does this provide?" comes after the question about buying it. At least the question came at all.
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Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by lovehashbrowns on Thursday November 10, 2022 @12:51PM (#33550366)
It’s all from that buy the dip meme. I saw something similar where people were asking if they should buy that LUNA coin thing during its meteoric collapse. I think that coin is still in the dumpster so..
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Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by kurisufag on Thursday November 10, 2022 @07:02PM (#33555510)
$LUNA zeroed, hit a 10x bump, then zeroed again.

it's a common trend, and a lot of people ride that bump for significant profit.

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Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by stickfigure on Thursday November 10, 2022 @02:01PM (#33551395)
Warren Buffet puts it this way: "be fearful when others are greedy and to be greedy only when others are fearful". So, honestly, it's a very reasonable question.

I personally wouldn't touch it, but I'm at least curious to hear the heterodox argument. Somebody out there is still buying it at $3, I wonder why.

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Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by dibt on Thursday November 10, 2022 @02:15PM (#33551564)
There's still an opportunity IF you know what you're doing. I wouldn't recommend it.

It's traded elsewhere, and there are derivatives that pay premium. There's also the chance that Binance, Tron, or someone else accept conversions of FTT at some rate that makes the trade profitable. Facts are still coming out. We can only say it's not yet worth $0.

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Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by pcthrowaway on Thursday November 10, 2022 @03:34PM (#33552882)
The question people have to ask is, "If I'm considering buying now that it's low, how many people will I be having that thought ahead of?"

It's not dumb or even irrational. Or no more than any thought involving crypto is irrational.

Lots of people have made money catching a falling knife right before a big bounce.

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Re:The Sam Bankman-Fried empire crumbled. What happened? (pa... by rideontime on Sunday November 13, 2022 @12:50PM (#33585396)
I thought this was obvious bait but go off
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