Sam Bankman-Fried found guilty on all charges

Re:Sam Bankman-Fried found guilty on all charges by icelancer on Friday November 03, 2023 @02:31AM (#38125229)

The price of Bitcoin in 2015 was ~$350. To have significant losses after buying at that price point would have taken very serious skill.

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Re:Sam Bankman-Fried found guilty on all charges by beefield on Friday November 03, 2023 @03:35AM (#38125624)

Could you elaborate a bit the "very serious skill" needed to store your bitcoin in e.g. Bitfinex or CuadrigaCX?

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Re:Sam Bankman-Fried found guilty on all charges by read_if_gay_ on Friday November 03, 2023 @04:34AM (#38125986)

Since it's apparently not obvious, long term holding your coins in a centralized exchange misses the entire point of crypto. Not understanding that takes some skill indeed.

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Re:Sam Bankman-Fried found guilty on all charges by the_gastropod on Friday November 03, 2023 @08:47AM (#38127908)

Oh, neat. So misplacing your hardware wallet also requires lots of skill. Gotta love that rugged libertarian individualism that turns bad luck into stupidity and good luck into galaxy brains.

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Re:Sam Bankman-Fried found guilty on all charges by read_if_gay_ on Saturday November 04, 2023 @05:51AM (#38139493)

You mean to say you didn't make any backups?

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Re:Sam Bankman-Fried found guilty on all charges by rightbyte on Friday November 03, 2023 @08:29AM (#38127716)

Each time it doubled you would have been a fool not to sell it.

Holding is about the same thing as buying but with no transaction cost.

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