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ZsMann t1_ixo7san wrote

Reply to comment by heyman- in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2

FTX was not sneaky about it though. Basically crypto Lehman Bros and the guy who was tasked with Enron is now in charge of getting FTX money back. Sam thought his trades were good (virtually everyone made good returns in the bull run) and kept same process in the bear. Staff saw the change in leverage vs assets about 12 months ago and left

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exoflame t1_ixokopz wrote

Still funny to me. I made a 300 percent return on an original investment after some flipping of stocks for the first time during that bull run. I never thought i was some genius because of it. Just felt really lucky to have pulled out in time. How u can keep thinking this and going all in like he did.. i just dont get it

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IBAZERKERI t1_ixpak76 wrote

It's the same thing that took down ceaser, Napoleon, and Hitler. Hubris.

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KJBenson t1_ixpkkg3 wrote

Same reason people gamble. You just have self control when you gamble if you could pull out after those kinds of gains.

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