Paywall dodge: —— 'Why aren't you in jail already?' Internet erupts after Sam Bankman-Fried confirms participating in New York Times' DealBook -Barbara Kollmeyer “ “How did this dude steal billions of dollars and is now speaking at a summit as a free man? Make it make sense.” ” That was Twitter user @WSBChairman responding to a late Wednesday tweet by disgraced FTX founder Sam Bankman-Fried, who confirmed that he will participate in the New York Times’ DealBook Summit in November, where he will be interviewed by journalist Andrew Ross Sorkin. “Scam man. I lost everything because of you,” anotherTwitter user @Alexand56464660 replied to SBF. In a separate tweet, Sorkin said “nothing is off limits,” when it comes to interviewing SBF. “There are a lot of important questions to be asked and answered,” said the journalist. The furious responses triggered by tweets from both SBF and Sorkin — who also got suggestions on questions to ask — were just a taste of the boiling rage from the investment world that the former CEO who is accused of mismanaging billions of dollars would appear at the prestigious DealBook gathering of high level executives, business and cultural leaders. The 29-year old will be appearing alongside Larry Fink, chairman and CEO of BlackRock BLK, +0.33%, Reed Hastings, Netflix founder and CEO NFLX, -2.23%, Andy Jassy, Amazon.com’s AMZN, -0.59% president and CEO, Treasury Secretary Janet Yellen and Ukraine President Volodymyr Zelensky, to name a few. Galaxy Digital CEO Mike Novogratz is among those echoing that “why is he not in jail?” question, given his firm doesn’t expect to recover some $77 million in cash and digital assets it had in FTX when the whole enterprise fell apart. “I think his day will come,” he said Wednesday in an interview. SBF has been accused of treating FTX as a ‘personal fiefdom’, in addition to potentially sparking more fallout, with Binance CEO Changpeng Zhao saying telling Bloomberg on Thursday that he expects to see “a little bit of contagion.” Crypto trading firm Genesis has also been at the center of bankruptcy worries recently. But those hoping to come face to face with SBF may be out of luck as a spokesman for the New York Times told MarketWatch that he is expected to be “participating in the interview from the Bahamas.”
BTC maxi bois resting on their laurels thinking they can't be dethroned. Or at least lose a giant piece of the market. I think the viewpoint of BTC being the only king and safehaven is old news. It's like buying only AAPL, NFLX or TSLA stock because 'it did so well in the past'. The world is bigger than just those.
Yes, of course. The old adage of *buy low, sell high.* One problem with that: things going down tend to continue going lower. Also, many things never return to the highs. Look at $NFLX, $COIN, $PTON, $ARKK, most Altcoins, etc. That strategy requires making predictions about the future. It's what retail investors are told to do. And ultimately why most retail investors lose money.
Ha! Love these articles. Best not to mention darling **ETFS** like [ARKG](https://finance.yahoo.com/quote/ARKG?p=ARKG&.tsrc=fin-srch) which are down 70% from their highs, or darlings like [Netflix](https://finance.yahoo.com/quote/NFLX?p=NFLX&.tsrc=fin-srch) and [Zoom](https://finance.yahoo.com/quote/ZM?p=ZM&.tsrc=fin-srch) which were wholeheartedly massacred from their highs. Or stocks like the "very safe" [Alibaba](https://finance.yahoo.com/quote/BABA?p=BABA&.tsrc=fin-srch) which got melted down from its highs, or [Darlings like Shopify](https://finance.yahoo.com/quote/SHOP?p=SHOP&.tsrc=fin-srch) or [Snapchat](https://finance.yahoo.com/quote/SNAP). Anyone who meets the following criteria should lose their money though: > Jacob Willette, a 40-year-old man in Mesa, Ariz. who works as a DoorDash delivery driver, stored his entire life savings in an account with Celsius that promised high returns. At its peak, the stored value was $120,000, Mr. Willette said. If you *willingly* put your life savings into something that promises high returns and don't even ask a question about whether or not that's a good idea, guess what - You're probably going to get burned. It's high risk high reward for a reason. You just ate the risk.
I'm talking about profitable companies. Ones with real PE ratios. Much harder to value unprofitable tech. Although, unprofitable tech has been absolutely massacred. Most names in that bracket are down 80%+ from highs. Look at some of these names' P/E ratio... ​ * $META: 11.2 (Previous all time low 17\~ at bottom of 2018) * $PYPL: 23.59 (Previous all time low 32.89 in 2017) * $NFLX: 16.19 (Previous all time low 16.66 in 2011) * $GOOG: 20.31 (Previous all time low 21.82 in 2019) Tons of names like this. Trading at all time lows in multiples. Still absolutely dominating their sectors. If some of these names dropped another 50%, you'd want to take out a second mortgage on your house to buy them. Another 50% down puts $GOOG at a PE of 10. $META below 6. These are companies that have grown revenue in 90-95% of all quarters on a YoY basis since their inception. A "recession" to them can mean going from 15% revenue growth to 5% for awhile. Whenever things normalize, these companies will continue go grow faster than the market.
> Netflix's intrinsic value is its book value I'd argue that NFLX's intrinsic value is its future revenue, for which the outlook changed dramatically when they released the ER. If you invest in an ice cream van, it's not the van and the ice cream machine that gives it value. It's its location, reputation, and other factors that ultimately determines its ability to sell ice cream (and generate revenue) that you are investing in.
Several possible reasons: - Lots of people are still up significantly, ie. lots of room still for profit taking. - Bearish investors wishing to short it. - The trend looks nasty. Doesn’t really look like it will be able to sustain much more selling pressure. - The speculative nature of this asset class makes for very volatile trading. If it were able to surge from 4 digits to nearly 6 digits in a year, it sure as hell can come back down just as quick, if not quicker. - The utility value of the coins pales in comparison to, say, utility stocks. If people are having trouble paying their bills, they’ll most likely elect to keep the lights on rather than their crypto wallet full. - The Ukrainian invasion doesn’t look to be subsiding and the Russian economy, sadly seems to be enjoying booming oil prices. I’m no expert here, so take with a grain of salt. Someone please correct me if I’m wrong. - Whether you believe in “Sell in May, go away” or not, others may, and those investors may be content with sitting on the sidelines rather than swim in shark infested waters. - Inflation could obviously put negative selling pressure on pretty much anything, but again, the need to eat or pay rent may trump “hodling.” - Investors may choose to take a loss for a variety of reasons, possibly believing crypto currencies have lost their lustre. - And finally, like boots, or hearts, when they start to fall apart, they REALLY fall apart. cryptocurrencies could unravel, or at least that fear is there. We’ve seen these kind of downfalls a lot lately. Take the stairs up, and the elevator down. Some cryptocurrencies have hardly fallen compared to some stocks seeing 80% losses in value. Just a few that ring a bell: SHOP, DOCU, COIN, SQ, DKNG, SNAP, even NFLX got hammered lately. Basically, what I’m suggesting is that it’s entirely possible for BTC to lose 90% of its value and people still could be asking the same question. You could buy in at $20k, only for it to drop 90% from all time high to $6900, and you would be down 65.5%. That would be a tough pill to swallow. Anyway, just some thoughts. Some of those points, the opposite could be true. I just hope most people that can stomach it, will, and the people that are over leveraged, well, that’s a very tough place to be, so my heart goes out to anyone struggling with that.
Its crazy, I was telling people to not buy LUNA during the fall because the point of LUNA is to provide exit liquidity for UST and as UST depeg there will be more people exiting UST. People just kept buying.... Obviously they though they could pick the bottom and they all got burnt. Anybody who bought the dip and lost its their own fault. ​ as for me I rode LUNA from the top to the bottom... so that's my own fault. ​ This is no different to me buying BABA and NFLX and ridding it from the top to the bottom. I'm losing everywhere... I also bought the dip on BABA, and lost even more. ​ Moral of story. * Anybody who bought what they thought was the dip and lost on LUNA can't blame anybody but themselves. * Anybody who rode LUNA down from the top to the bottom can't blame anybody by themselves ​ This is just one big casino, whether its on the stock market, crypto market or in a physical casino.
which is why I said "supposedly". people see a stable coin and expect it to be stable versus a speculative investment like COIN, NFLX, FB which are expected to fluctuate. it is reasonable for someone new to the ecosystem to 1. not understand what an algorithmic stable coin is and 2. not expect their stable coin to drop to 50 cents ​ just pointing out why this comparison doesn't make sense and people are rightfully upset and surprised that their stable coin crashed
Regulations that stem from this and any further significant decrease in cryptos may do hard damage to crypto as a whole, and the funny part of that is a substantial amount of tech stocks on the Nasdaq, many which have no relation to crypto, have fallen 80-90% or more in the last 6 months. Even NFLX, an esteemed FAANG stock that had essentially reached blue chip tech status, has fallen over 76% in a bit over 6 months. No regulations will happen with the stock market, other than maybe further measures to stifle retail investors while the next bull run happens so only the rich profit from it. Always important to remember the financial world is at its core a very small club and none of us are in it.
I'm just putting the losses in context. People are freaking out about UST depegging (perhaps rightly so), but if you had the same amount of money in UST, you would have lost less than if you had put it in NFLX, FB or COIN, as of now anyway. Who knows if there'll be another dump.
Now's actually a terrible time for index funds, as they're full of junk. Now's the time for stock picking. Like, instead of owning the QQQ (which has large positions in NFLX, PayPal, Tesla, etc), buy GOOG, MSFT & AAPL. Or maybe pickup some U or RBLX, great companies at firesale prices.
> What’s cause our coins to lose value has nothing to do with their networks or adoption or anything crypto related. It has to do primarily with interest hikes along with a shit sandwich of other issues around the globe Yeah. NFLX, the leading streaming entertainment provider is down 70% YTD. Could decline further too. Crypto is also still a pet project. Early stage tech with an unknown future. We know it'll be around, we just don't know in what capacity. Projects or spaces this unknown take on water quickly and first in uncertain times. Crypto is still considered a high risk asset class. > Sucks now, but eventually the money printer will turn on again. Maybe, maybe not. Situation now looks more dire than that. > My personal goal is to acquire half a bitcoin before the next ATH. It’s that much easier to do so during this limited time sale. Not a bad goal, I'd wait for the flat line, the dead period. We aren't there yet. People are still convinced it's going back to new ATH's this year which is a possibility. But it's the unlikely outcome. The likely outcome is more price decline and a deadening of the space like prior cycles. Particularly given how serious and bad other markets are looking, future is seriously uncertain economy in many sectors. I still expect crypto to test the 29k BTC / 1700 ETH level at some point this year. Question is, will it hold?
>Why rumors of a half a percent rate hike in an upcoming FED meeting with a few suits on a Wednesday can spook a 2 trillion dollar global asset class that has little or nothing to do with traditional finance into eating itself temporarily. IMO the markets reacted so heavily to the Fed raising interest because we all knew by the double peak things were getting a bit frothy. Markets became a game of musical chairs and the Fed cut the music for the first time - before starting it up again. We know one of the times it stops it won't start again. It's the only way to explain why all the markets dropped 25%+ on news of a 0.25% interest rate hike. Historically interest rates need to exceed inflation to curb it. Inflation is at like 10%, so what do 25 and 50 basis points accomplish? We need 250 and 500 and 1000 basis point increases. Everyone knows this. This leads to very strong uncertainty in that musical chairs game, the music is still going but there are a million more people than chairs now and more people coming. >Is this what we get for wishing that bigger money would invest in the space? Yes. The more crypto is seen as a traditional investment the more institutional money will reign in and the more manipulated it gets from them. Mainstream adoption kills anything, I don't know why people are in such a rush. When the US minted $20,000,000,000,000 and gave *people* 1 of those, people aren't what inflated asset prices so high. The banks themselves are buying crypto, or giving money to entities who buying crypto, and it's all on borrowed money that has a timer set to implode one day soon. If the US didn't create 30% of all its currency in a year then fundamentals would matter a lot more, but there are only so many places to put money before everything is inflated and that's where we're at right now - where 1% own all the markets and they're not lowering their prices for us. If you're an investor since every asset is inflated, it's much like our currency deflated (forget CPI) since the P/E look the same as any other year, which leads to higher valuations to other assets not connected to stocks too. Now it becomes a game for them to try and justify these insane valuations. "Netflix lost 0.001% of its subscribers? Not worthy." So by the end of this only companies with high revenues will retain any of this new money given to them *for growth*. Then fundimentals will start to matter a little more, maybe over the next year or two as the rest of the market uncertainty plays out. This gives me hope for crypto because it's literally a money machine. Ethereum generates more income from selling blockspace than it gives out for free, the only blockchain to accomplish this, which leads to safe 5-10% APR staking in the L1 in a deflationary environment. There are a lot of solid fundimentals in crypto that were glossed over when money was infinite that at least appears institutions are growing keen of. When money gets scarce a company will have to justify why they're worth investment when they make less than staking ETH would, which isn't true today that companies are getting ~~growth~~ free money right now. Also crypto is sort of entirely anti-banks so the more invested banks are the more likely this is all to look bleak. If they can sell 1% and get no slippage or sell 5% and get 5% slippage then you can bet they'll crash the price with a leveraged short on the other side of it. Long term those actions **do not matter** but when they have $20T liquid it's hard to imagine the beating ever stopping. Once that liquidity finds itself in a place it can justify then the volitility will be less sprawled (the stock market will have crashed and funneled into Apple and Tesla etc.) and people will be looking all over again where to park their new credit. Crypto has never been impervious to ecenomic declines. Even if the markets are *disconnected* there's massive arbitration going on, like if I can buy 100 NFLX today with my crypto but I can buy 150 tomorrow it's a good trade to sit in for a while, maybe I can get more crypto when they recover and vice versa. Crypto being treated like an alternative money market is as good a use case as any despite the death of the ethos that came with it.
It's all markets. BTC/ETH are the closest thing to risk-off crypto assets, so investors tend towards them in downturns and vice versa. Probably a ton of tradfi people saying the same things. "Shoulda stayed in index funds instead of chasing tech like NFLX or META".
Just staking and chill. Crypto did better or the same as stocks that were considered “blue chip”, just look at NFLX (-67% in 1 month), FB (-40% in 2 months), AMD (almost -50% from ATH) and the list could go on. Not all stocks are like this, but the tech sector (which is what we should be comparing crypto to) has been doing a nosedive. Also take into account that, even with price depreciation of some coins, staking them can get you over 10% APR that gives you a nice cushion to weather the storm.
What happened Shares of Shopify ( SHOP -13.31% ) are falling in today's trading. The company's share price was down roughly 9.5% as of 11:15 a.m. ET on Wednesday. There isn't any fresh business-specific news that should be prompting investors to sell out of Shopify stock, but the company's share price is being negatively impacted by recent earnings results from another company that's considered a bellwether for the tech sector. Netflix ( NFLX -35.12% ) published its first-quarter results yesterday, and the shocking results prompted a wave of pullbacks for stocks that trade at growth-dependent valuations.
I really worry NFLX is just a precursor if what markets will look like soon. Netflix made extraordinary gains because of the stay at home economy so it has further to drop than the overall market, but wait until inflation has far more consumers cutting discretionary spending outside of Netflix
The rest of the market it holding up better than I expected, guess I had PTSD from the sell off NFLX started in January. Jesus though, NFLX -35% this morning. Maybe the SEC should be more worried about people holding stock than crypto, we seem to be less risky these days.
Post is by: fan_of_hakiksexydays and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/u7j14t/netflix_has_just_tanked_and_dropped_more_than_50/ Now that the Fed isn't pumping in liquidity, it's no longer a smooth ride up. It's not inconceivable for stocks to enter a period of high volatility. There's a lot of intense action on both sides, both for bears and bulls. Some say we're entering into a bear market. But other experts are talking about a period of more intense volatility instead. Kind of like in crypto, where you're not necessarily in a bear market or a recession, you're just in a wild rollercaster of volatility. We've already seen a lot of shaky action in stocks recently. And we've seen even blue chip stocks getting hit by that volatility. ​ ![img](8g685si0nku81 "NFLX") And now Netflix has dropped another 25% after hours down to $259 They have lost subscribers. But is the market really pricing a drop in subscribers as a problem in the future of Netflix, or is this high volatility due to the Fed printer overpumping stocks, and now that the liquidity isn't flowing in, stocks are starting to go more wild. You can blame the macros, War in Ukraine, the end of Covid, but at the end of the day, it was likely gonna happen anyway the minute the Fed were gonna stop their money machine. What does this mean for crypto? If stocks become increasingly as volatile as crypto, and not a place for stability, then stock traders might as well trade crypto too. Does this mean people will pull out of stocks and investments until things settle down? The real question to this, is where are they gonna put their money into instead? Inflation is high, so you can't leave it on the sideline too long. Other instruments have been going a little wild too. Real Estate prices have been going sky high. Conclusion: We may be entering into a period of wild prices across all investments. It's not just crypto, everything may be becoming a little more volatile. Strap yourself in. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
₹ Disney $DIS has stopped all film distribution in Russia. ₹ WarnerBros $T stopped one movie - The Batman. ₹ Netflix $NFLX & Spotify $SPOT have stopped accepting subscription payments. ₹ Apple Pay $AAPL & Google Pay $GOOG have also stopped functioning in Russia.
He's saying all this is a flash in the pan. Things like NFLX and PLTN became overvalued starting during mass lockdowns and went up from lemming momentum. What's *really* killing NFLX is they, like so many other companies that bent their knees to the 'Woke' mob, are now paying the price for it. Those will be some of the first companies getting the middle finger from investors when the tightening begins.
Post is by: evolflush and the url/text [ ](https://goo.gl/GP6ppk)is: /r/ScallopDeFiBank/comments/s95qaa/whats_happening_why_are_cryptocurrencies_down_a/ # What is going on right now? OK the price is low right now, SCLP has been falling and the whole market is fearful. Some people much smarter than me would say that this the time to buy, because this is when people get rich. Buy when there is blood on the street. Be greedy when others are fearful. That's all good and well, but for the rest of us that are fully invested - what the hell is happening? # The Fed The US federal reserve recently announced that they will begin hiking interest rates and tapering their purchases of securities - why does this affect cryptocurrencies? The current economic environment was one of extraordinary monetary policy. The money printer was on full throttle and interest rates were at near zero for a huge amount of time. What was the cost of this? inflation. Now that inflation is up, the money printer has to be shut off, and interest rates have to be hiked. This is bad news for companies with a lot of debt (like tech stocks with high future growth priced in). So traders, hedge funds, retail investors start cutting trades, and taking profit. Also to fund their safer bets they need to sell riskier assets... it's a risk off environment. So risk is coming off, what is perceived as the riskiest asset out there? Cryptocurrencies. So we see trades unwind, as people panic. For context this is not just SCLP, or cryptocurrencies. At the time of writing NFLX is down 20%... ​ ![img](4yal5fopxzc81 "Risk off") The S&P has broken out of a long term channel .. ​ ![img](utjqho3xxzc81 "Left chart is S&P - which defines risk in the market, bitcoin is a much smaller market and so follows in its wake. ") # So what should I do? Ask yourself a few simple questions - what is my investment horizon? What is my long term view on these projects? You need to look for projects that are tangible. You need to look for projects that you believe in. SCLP has a product that will launch in the next few months, and a huge factor for me is the existing regulatory approvals. Canadian and EU banking licenses will become increasingly significant in this new environment. The first few IBAN's have been created and there are great things happening within the project. The project is sound, and trust me when I say that the app has the power to change the way people look at money forever. A few points to remember: * On track for EU launch * Canadian license confirmed * Sponsorships with premier league clubs raising visibility * Eu license in place and IBAN's being created by Beta users If you are feeling a mental strain, perhaps this is your first foray into the crypto markets - I would suggest making sure your investments are not too much for you to mentally handle. If you feel you are too at risk, then rebalance into less risky assets. Buy some bonds, which will do well in the increased interest rate environment. Then take a walk, live your life. The markets are volatile, they go up and they go down, but fear won't control the market forever. Think about why you invested in the space in the first place and ask yourself, has anything changed? # We are in this together We are in this together, you are not alone. We will profit together, and people will think that the journey there was so easy - but we have to suffer to get there, which is something that the everyday person doesn't get. The pain we had to face along the way. It's a tale as old as crypto. Stay strong! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
$IBFR (Buffer Finance) The only Options category in coingecko that have listed TSLA, AMZN, NFLX and GOOGL. Sitting on 3M marketcap. The top dogs on Options category are on 200M without the big listing I mentioned before. DYOR
tldr; The value of a Squid Game (SQUID) cryptocurrency, a token referencing the popular Korean Netflix (NASDAQ: NFLX) series, has plummeted to almost zero. The price per individual token is now $0.005506, falling 99.98% in 5 minutes on November 1, 2021. It appears unknown scam artists behind the project have officially yanked the rug out from under the project. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Squid Game” actress Jung Ho-yeon, who made her debut with the popular Netflix Inc (NASDAQ:NFLX) series, supposedly endorsed Dogecoin (CRYPTO: DOGE) in an interview with Vogue Korea, as per a tweet retweeted by YouTuber Matt Wallace"