How Mark Cuban Lost Everything - Crypto Meltdown
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- čas přidán 27. 05. 2024
- I'm setting up a GoFundMe for Mark Cuban.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch. - Zábava
pros of crypto: it's unregulated
cons of crypto: it's unregulated
Lol...
there's always a good and bad about everything...
Legit.
HAHA
Haha since when is unregulated chips or funds or whatever good. O right. The brain washed masses who are easily distracted by the latest shining rubbish trinket. Explains a lot about usa really
"He lost everything", a fair comparison would be like when we put a dollar in a vending machine, and our packet of potato chips gets stuck on the way down. :-)
Yeah he still has billions of dollars in net worth.
A dollar? Lmao it's more like a fraction of a penny taken out of a million dollars.
Clickbait
What a comparison 🤓.
True indeed
The reason these scams work is it plays on peoples greed. The guy who lost 23k, he arrogantly demanded "it be fixed" - the only thing needing fixing is his entittled attitude of making massive gains wihout risk. What makes him think the world owes him anything whatsoever.
Lmao imagine putting 23k and you go check on it half an hour later and it's now 67 cents
@Tracchofyre Idk I only know that guy speedran poverty
@Tracchofyre it’s easy to take shots at trump, and they are deserved, but the stupidity and greed is just soaked into our politicians across the board. Some more than others.
Thats the mindset of crypto investors. Truly some of the dumbest people on the planet.
This is not only ironic...it's titanic.
(I'm proud of this tbh)
nice one lol
a joke my dad would tell
Warum bist du überall lmao
You are ready to be a dad
I'm too am proud of you. The emotional growth shown in this comment is worthy of praise.
"I don't know when we all stopped thinking Ponzi schemes were bad." Your best line ever.
Seriously though!
Ponzi Schemes, Pyramid schemes, and schemy scheme schemes
@@aliciagordon547 The most common mistake I see new investors make is rushing Into cryptocurrency without any guidance.. 🙇
Cryptocurrency isn't a Ponzi scheme though. They are similar, but a Ponzi scheme is when you get investors and pay those investors with money you get from more investors. Cryptocurrency gains value the more people invest but it is sustainable as long as enough people don't cash out at the same time. A Ponzi scheme is mathematically impossible to sustain value no matter what you do.
It was when we realized that most so-called capitalist businesses today are gonzo schemes.
You gotta love people touting crypto as the future of finance because it's decentralised and unregulated and then complaining about market manipulation and pump and dumps and scams etc.
Well, they laughed at computers until we realized they actually were the future. With an online scam, you don’t paint computers as bad because of them, do you? No, you dismiss them and still appreciate the useful tech it runs on.
Crypto scams are a small piece of much larger space.
@@Tapepusher copium
@@__D10S__ noob
@@Tapepusher Except there's no space. Computers were useful before the hype and the haters and had uses that couldn't be replaced without the new tech. Crypto has none of that. After a dozen years and billions of dollars poured in, it failed to provide a single product that's better than non-crypto alternatives. So yeah, you're just consuming copium and buying into a theorethical potential with zero practical examples. You might as well start investing into the energy sector in case some of them discover cold fusion and you 1000x your investment.
@@Tapepusherso far crypto doesn't have nearly as many benefits as computers, it is way too volatile to use as an actual currency and doesn't have any real benefit beyond it's potential as a currency while costing massive amounts of real world resources in crypto mining. The only reason why crypto is worth anything is rampant speculation, it has less intrinsic value then a tulip bulb and has at least as ridiculously high of a price.
Every ad I get on your channel is all those
“Join me, invest in my class and you will learn this one skill that businesses can’t live without”
I got one about million token on the techlead videos. Very ironic lmao, but thematically appropriate.
The ads put in what kind of videos they would like CZcams to target their ads to. If I wanted my skin care ad shown to women I might want youtube to mostly show them on channels focused on beauty.
@@AliensAreNoobsCZcams likes to do that in general, every "Temu is trash" video I watched in 2023 had a Temu ad attached in either pre-roll or post-roll.
Coffee is a sellout also this is his grift
“The less you understand something, the more you can miss understand the risks.”
I do miss the understanding
@@pIacebo was thinking the same thing. Don't you just miss understanding things?
@@queueeeee9000 I'm not sure I understand
@@pIacebo lol I was poking fun at the spelling. It's technically spelled "misunderstanding" not "miss understanding". Just a little grammatical humor
@@queueeeee9000 yea i was joking with u
1 billion % APR…seems legit let’s do this.
@UCyGOIEkuCib19xWMBjxujuA is it titan coin? Cuz you’re a little late to that scam.
I used to think Mark Cuban was smart.
@@cgsec2275 you ever watched Silicon Valley? Russ Haneman was based off of Mark Cuban. Let’s just say it’s not a flattering impression lol.
It's an apy based on continuous compounding and the instantaneous reward value. They didn't promise it'd last, and no one who farmed it believed it'd last. this is common in degen pool2 shitcoins.
@@one1blue HOLY FK
"There's an old saying in Tennessee-I know it's in Texas, probably in Tennessee-that says, 'Fool me once, shame on... shame on you. Fool me-you can't get fooled again.” -- G. W. Bush
he was trolling. i heard him talk after his term ended. hes more smarter than most peeple.
This Bush quote is damn near Shakespearean compared to the stuff that Biden says weekly.
@@rocketsmall4547 He's smarter than people think he is, but I wouldn't call him a genius or anything. To me, it seems like he would have gone down in history as a decent president and a cool guy, but he had the misfortune of being president during perhaps the worst time to be president.
What other presidents have had to deal with all the crap that Bush dealt with? I know Trump had to deal with the global pandemic (and he screwed it up. At least Bush was proactive with the war effort and made an attempt to save the economy), but who else had to deal with anything on the scale of the housing crisis and 9/11 during their term?
Fool me once shame on you, fool me twice and you ain't going to fool nobody no more. Ain't that some shit hehe
@@rocketsmall4547 why not be smart while being president of the USA? Why choose to be smart AFTER your term. Makes no sense at all lmaoo
It's scary how the whole thing has gone unregulated while racking up billions of dollars. Uninformed greed drives stupidity
The only pro about crypto is that you dont feel bad about people losing on it.
@@wassup4532depend who you ask 😅😂😂
Kiss. This is a beautiful statement
Fraud is actually easier when a system is regulated. That's a bona fide fact. If it's pure and I mean pure, Market demand well filtered good from bad. Regulations are meant to siphon prophet one way or another. Once people realize that crypto has no fundamental wealth, then they will act accordingly.
(Or they may not, Biden did get elected. That of its own right shows how you can never underestimate the power of stupidity people in large numbers
Funny you think regulation does anything to curb that rather than just funnel those gains to the regulators...
This is why I never invest. No matter how much I read or watch, no matter how many different explanations I hear with different simplicities, no matter how many coffeezilla videos I watch explaining different facets, I still don't understand anything about investing or crypto or anything like it. It goes in one ear and then out the other without me being able to figure out any of it.
You are being smart by not investing in things you don't understand.
Stay that way. Invest in blue-chip stocks. Slow and steady as she goes as a value investor. If you understand how a GM or a Disney or a GE or a Pfizer works, then you'll be alright.
Consider yourself a lucky genius
ahaha SAME.
I hope you're not just keeping your money in cash.
I'm making loads of money: "Regulation is evil! Government should get out of the way of innovators and captains of industry!"
My crypto investment blows up: "Help! Where were the regulators? Who do I call to get my money back!?"
My favorite video on this topic is about the market by Jreg, watching him change from libertarianism to communism on the whims of the market
I bet the 787 max crashed passengers would have liked regulation
@@SlobberySlob what happened
Anyway to award comments? By far the best comment I have seen this year. You my guy have common sense.
Regulation is a scales. Gotta keep the sides of freedom and control balanced.
When Mark Cuban loses money, he moves to another table.
@Pinned by Coffeezilla 😂😂😂
@@greenjupiter that scammer lol
@@VidCast364 imagine trying to scam people on Coffeezilla’s account 😂😂
He finally took financial advice from Kevin O', and look where it got him!
This happened way before I think
Bro I stumbled on you and have been binge watching ever since. So refreshing to find someone that seeks truths and tells it how it is. Stay you bro subbed
All these crypto-coins popping up like dandelions from everyone and their grandmother, and this still isn't a red flag to some people.
When greed dominates rational thinking...
@@gamtax but but my hero Gordon Gecko says "greed is good" therefore it is good. It is only logical, right? Right? 🤣🤣🤣😅😅😅😏😏😏
@@BerryCryptocool story bro
Get an influencer, pump it, multiply investment, dump
Hodlers: But... but... you don’t understand! IT’s InfINitELY FiNItE! You can’t buy all the theoretically infinite cryptos so that means its valuable!! Hmp!!
By definition, how could a “stable coin” shoot up in value?
Titan is not a stable coin guys, that was the yield house token. Iron is the stable coin and you only would of lost 14% max in IRON-USDC. It got bank runned, it happens, its all a money experiment to see what works and what doesn't.
@@BerryCrypto people don't want to take the time to understand that, they just want to dunk. my titan/matic LP got rekt, but I still made back ROI+ profit off titan. Iron finance will be back, their synthetics format is incredibly solid
@Pinned by Coffeezilla Scam?
@@danielc-s8056 totally agree! Nice! oh yea if you were selling titan rewards especially towards the end you're made your initial deposit + profits anyways 😆
Coins are unstable by nature. That's why they call them "change". Unless of course your talking about the stable's native coin: the horsepucky.
When he says he lost everything he is talking about his investment, the guy has so much money wrapped up in different things he will never actually lose "everything".
obviously
Protip - Crypto is operating just as it is designed to. You give your dollars, get some crypto or NFT's, and get nothing back.
You can get your money back and some more if you find a greater fool, which is why crypso investors are shilling so hard
Even a Thanos snap isn't this powerful! RIP Titan.
LOL
Journalists constantly use the word titan these days so hopefully now it's a meme like 🐶 they will go back to using normal words like giant.
/boomer
@@Daniel-Deshaun Another funny part is that the children of the gods with humans were called titans.
Like daisies, the come, they go.
Something something to the moon something something lazy joke about Thanos hitting us with a moon something something
"The Cuban missile crisis" 😂😂
;_))))))))))
"The Cuba Titan Crisis"🤣🤣🤣
Gotta disagree about people not understanding what was happening in 2008. They knew & understood the problem of lending 500k to someone earning less than 1k a month. They didn't care because they assumed someone else would end up holding the bag at the end.
These billionaires are all geniuses - until they aren’t!
too bad they are really too big to fail. They can lose a lot and still get all of it back in almost no time and even end up richer than before, not because they are all genuises playing the long game, but because money makes money. and rich people, even if they are down, have the connections to help them back up.
"extreme complexity in finance is bad"
If only the IRS understood this.
Seriously though, have you ever seen how thick those tax code docs are...holy crap.
The IRS is a fucked up entity. Other countries automate the process and here we complicate it and leave it open to fraud. The politicians defund the IRS so that they can only afford to take to court the cheap cases; broke people that have simple tax issues instead of people who pay 0 taxes and are worth billions and have real power. People actually believe that the IRS only has what you give them, yet they could pull up your fradulent record whenever the hell they need easy victims.
HMRC also.
they are theft.
@@cosmiccoffee8497 They be lookin like a WHHOOOLE snack fr fr
Imagine having 23k and losing it all investing in cryptocurrencies
Imagine having 23k
That's why I play around with under 500.
Made 2k off of dogecoin and only spent 150. But I admit it was straight luck and timing, careful with your money guys because it's easy to lose, hard to get.
I invested.7k...im up to 20k now .big risk, big reward
@@Bigbnfgv Congrats! You just took the money of the unfortunate souls.
There are billions lost and gained each day
A friend who knows guys running crypto servers explains is a game where the last one out is holding the bag. Its gambling basically. You pay into the coin then hope nobody sells then you dump it while demand is maximal, or you are too late..
What?! A pump and dump shell-game?!
You only need to remember how Cuban got rich in the first place to know that hard work and smarts aren't nearly as important as being very lucky.
Being lucky is less likely to get you rich though. Hard work and smarts is much more likely to. However, hard work is hard, so... theres that.
To be fair, I’ve read a lot about him, and he definitely didn’t get lucky. He worked his ass off, did things at the right time, and continued to progress. Maintaining and growing that wealth is the hard part, and he did just that.
@@tyler1107 I've seen plenty of very successful people say that their hard work and smarts would have only gotten them so far without a little bit to a lot of luck to break through
I remember when i was younger I had a solid idea. I saved up some money, wrote my businessplan and needed a few thousand extra to get started..Banks said no, people with a lot of money explained that's 'not how the world finances work, bla di bla di bla ' I just needed a few thousand ... Yet i have seen those same people lose a fortune to a very obvious scam .
@@spiritualanarchist8162 congrats! You’ve discovered the difference between an obviously bad idea and an idea that’s presented as good. You’ve also discovered the difference between some guy presenting an idea and a charismatic scammer presenting it. Like, no aspect of that is surprising. The only thing that would surprise me about that story is it being true.
The Cuban missile crisis 😂😂😂😂😂😂😂
People never like hearing "I told you so" but sometimes it's needed 😌
The quality of your videos (content, analysis, humor, editing etc.) is out of this world. Bravo!
Mark Cuban likely made a fortune yet attempts to save face by implying he lost without going into specifics--unless he did (I did not finish this video yet) and I am jumping the shark.
No he lost, verifiable on the chain, he had 75k in a Titan/DAI pool
I see what you did there, sir.
@@philip-snyder lmao and how do you know he didn't have millions in other secret accounts?
Sounds you’re like jealous of his success.
@@philip-snyder 75k? So nothing to him
1:31 "Cash is trash." Ohh really? Tell that to my drug dealer.
You're buying trash
@@tomlxyz Not today DEA.
Finally! Someone who can teach me about crypto without annoying the shit out of me
I think I'll just hold onto my money rather than investing at all. Thanks Coffee.
Love that they declared themselves bear proof. The most overly confident tribe member is always the one who gets blindsided the hardest.
My dad has a rule he applies to his work, which I try to follow best I can: if he doesn't understand somwthign completely, he doesn't do anything.
A considerate man.
Same with my dad our dads must share a brain
Is that why your mom is unsatisfied?
@@Tential1 😂😂😂
eh you kind of learn by doing. no-one who is good at anything has ever gone from theory to the field and thought "wow this is exactly what I learned!" it's more like "wow I learned like 30% of what I needed to know to do the bare minimum."
Doesn't mean you should go all in on gambles though, the equivalent in traditional gambling would probably be counting cards, you can study all you want but when you head into the field you're gonna learn things and until you've done it awhile you should bet low.
Your definitely one of the more trusted YTers out there and you are much appreciated. Its crazy to see people making crazy decisions. You and some others I watch provide some simple sense that isn't so common, thanks.
Nothing makes me wanna scam people more than watching coffees videos
If only I was a bastard with no morals...
@@night1952 I mean, b*tch is in their tag
@@night1952 I swear, I think about that way too much - "...if only I could bring myself to be a real void of empathy piece of shit... man, life could be a lil more comfortable couldn't it..." LOL
@@RyTrapp0 ikr. But as it stands, I'm a nervous wreck just trying to navigate everyday life. 😁
History doesn't repeat itself, humans are the once who repeat the same action. Thanks to modern times I got to witness it.
It just rhymes
diasagree
Human repeating the same actions as past humans is thr definition of history repeating itself....
@@oz_jones what does? History and itself?
Some of us repeat the same mistakes over and over.
This litterally sounds like a summary wojak vs bogdanoff meme
Because it absolutely is.
CUM coin?
I'll be honest. I started with 3k USD to screw around with, and went into some of these and had decent luck, got upwards of 23k at the peak (with a mixture of Ws and minor Ls) then took a huge L while sleeping that I couldn't catch. Lost a good 8k. Still up, but it's definitely dangerous. I'd almost compare it to scratching a lottery ticket on these types of coins.
finis subsisto
The sad truth that keeps people buying is that it works until it doesn't work any more.
I remember bankers blaming the 2008 crash on deregulation they lobbied the govt to bring about. 😁
Well they weren't wrong
Well, if we see that it was not deregulation. But the government knew what was going on. ..along with the big money. Have to remember, who was it? The Quant theory or something. Guy was smart hired by the alphabet, but fired in 2 years. Made his own firm. But since the Alphabet is filled now with degrees in social studies or accounting. Human thinking, can't accept the fact geniuses are a bit of beat.
Mix of regulation in some areas, deregulation in other areas, overt decisions to not prosecute regulatory breaches, and failure to define grey areas.
Cuban was shitting on ada (an actual stable product) a few weeks before this pleases me
Amen.
I like ada after the Lex Fridman podcast episode with Charles Hoskinson.
Ada hahaha it's only stable because you can't do shit on it lmfao, where are the smart contacts at? Now they're gonna copy paste evm so every eth based shitcoin can be copy posted into it now lmao?
@@hamburgerfatso fud machine alonzo is proceeding smoothly and on schedule don't get mad cuz you missed the buy in before a dollar
@@alswisha8519 you realise when they just implement kevm, every type of shitcoin that was deployed on eth/bsc/poly will come to ada as well? though thats assuming we arent deep into a full on bear market by that time where no one wants to touch a ponzi tier shitcoin anyway lol
Mark lost “everything”.
Everything- 20,00,000
1% of Marks actual “Everything”
My everything: where’s my house?
Everything crypto related
Place your commas in the right spot
It's goddamn insane that someone like Cuban could lose 99% of his money and still have like over 100 mil. If that doesn't put billionaires in proper perspective, idk what does.
@@BenjaminLupton No,’Bitch’lol’
@@Jabadamazo hell yeah!
It really is wild to me how much more successful these people would be if they invested to get "enough" instead of "all"
I was seeing this everywhere but never got in…. Thank goodness!!
M.C is the professional scammer himself. I wouldn’t trust when he said he loses.
This
Agreed. The choice of words says it all.... "I got hit like everybody else...." Not, "I lost my initial investment, like everybody else."
The first rule with crypto is to drop the word "investment". Understand the hype shitfest you've gotten yourself into and be content with modest gains. As with any financial risk, risk what you don't mind throwing away.
Thank you coffee. You putting us on game 💯
lol Mark Cuban even said it himself "I got out at the top" lol, he literally pumped and dumped this, he belongs in jail... If i did this i would be put in jail i know it.
@@JunkBondTrader did u not see his tweet?
put more lols in your sentence and see if it sounds better
@@aldenmcgrath9722 lol Idk what your issue is dude lol. He talks like a normal person lol. Mark cuban is criminal lol, how dare you lol. If you don’t lol are you even loling
@@coffeemom1229 Investing isn't gambling, making smart investments is a guaranteed way to grow your wealth. If you keep your worth in cash you're getting poorer every single day because of inflation.
@@CSpottsGaming There is no guaranteed way to grow wealth, you can invest in apple and have the stock crash the next day. There is always some risk involved
Now back to playing "Titanfall 2"
Random comment?
Love this game
@@josephbrennan370 coin is called titan and it fell
LOL
Don't kick people while they are down a billion percent 😳
Honestly, if I saw a coin go up that fast, I would immediately sell everything I had it in because it's very obvious a crash is coming as everyone decides to get out while they are way way up.
I think the old sayings apply, easy come easy go, if something goes up very fast, it's going to come down just as fast if not faster.
i kid you not i know nothing about crypto but I flippin' love this channel 🤣🤣🤣😭
I love your white water rafting analogy Zilla. 👌🏼
@@user-mu1qc2kw2t More imposter spam.
The problem with cryptos is that anyone who can fork a repo can create one. So "being lazy" with due diligence will always end up bad.
Coffeezilla is a national treasure
May be a stretch, but no doubt man does good work.
We need to protect him with our lives
Can't be a national treasure till you've stolen The declaration of independence
very timely.. keep up the good work. you are just getting started.
I don’t know your real name but Mr. Coffee sir you are doing some fine work.
Coffeezilla is Stephen
its Charles Ponzi III
Come on it was the classic pump and dump!! Cuban got hit but still laughing with his bankers.
lol shutup. Someone could find his wallet on the blockchain and call him out if he were actually lying. It wouldn't be too hard, and Mark wouldn't risk that, don't be ridiculous.
The production lelvel in your vids are out of this world
watching this gem again. feels just like the first time I watched it. thanks coff.
When O'Leary became a bull that was the absolute signal to gtf out!!
What's "becoming a bull"?
@@wajihbec1087 when they start growing horns
@@wajihbec1087 when they start breathing heavy.
@@shabegsandhu6117 that made it even more confusing.
@@wajihbec1087 bulls are the ones who takes profit when prices rise and pump the price. And bear are the ones who drags the price down and take short positions.
I love how you always find a way to burn Brian Rose 🥀 , so AWESOME!!! Keep it up my man
🤣😂🤣😂
Glad I didn’t invest in Crypto, own a lot of real estate, rental have been very stable, no vacancies
Smart man!
" You gonna wash up on the rocks " with the hand gesture, i swear you sounded like trump there 😂😂💀
"Than Bam."
Mark Cuban doesn't know the difference between than and then.
i dont mean to judge but if youre gonna be a billionaire promoting shit, at least have your team proofread that shit
I've seen people say they buy coins but they don't even know what they are. I like to know what I'm buying before I get it, not after.
I got a friend who buys coins and only thing he says to me when i ask how they work is "well all i know is that the value is going up" then he laughs. Can't see how you can put money into something that only asset behind it is other people putting whatever currency they use to buy the coins itself.
Just found this channel. Excellent quality production, awesome comedy. A breath of fresh air on CZcams. Definitely Subscribing!
You should cover the issues around Michael J. Burry and/or John McAfee
Mcafee got whacked
Totally, he's already on the road to get suicided anyways with that bill gates video
@@ceologreen 😎 Most likely.
I just keep my bitcoin and ethereun long term; thus far I've been very very pleased.
I LOVE YOUR BACKGROUND AND CONTENT DELIVERY...
The whole Private investigator look and feel is Awesome....
visually compelling and the closeup/pull back every coupla seconds while youre talking plus the way you interact with the screen behind you folding down is amazing..
Excellent ..
Keep up the great work..
im subscribed and directing people to watch your videos
I remember constantly hearing about titan and laughed at people everytime I heard it shilled
man I'm not interested in the topics you talk about, at all. But DAMN you present it in the most entertaining way, great content man, keep it up.
Mark Cuban can get bent. People like him and Musk are the reason why corporations need to have their regulations changed.
Pretty cringe socialist take. Don’t hate those who learned how to out-earn you.
Mark Cuban isn't like Musk at all honestly Mark has usually sound advice and logic and will tell people when he was wrong about something is he 100% honest I don't know but the guy seems like he's on the up and up, now Musk is a fucking liar that'll say anything and then pretend that he never said it when it doesn't happen.
@@coimbralaw you mean out-earn by screwing over folks that trust them? also, cringe & socialist? you red scare 3.0 gullible folks keep using that s-word...somehow i don't think you know what that means...& that's even more cringy...or to be frank very dumb.
@@IMPOTUSx2 Who screwed “folks?” Please support your points with actual facts.
@@IMPOTUSx2 what’s wrong with “red scare 3.0?”
Remember when Mark Cuban was sceptical towards Cardano. He he.
Cardano is unproven shyte. Wait and see.
@@successsystem2468 If something hasn't been proven yet how can it be "shyte"?
@@bitten4life the utterly ridiculous valuation and brainwashed bleating everywhere of its followers.
I made $1200 on Cardano and pulled it out to put a down payment on my car lol. How is it doing right now?
cool tune at the end!!!
Wait, is Cuban selling a pyramid scheme after, rightly so, criticizing the same thing multiple times on _Shark Tank?_
Very entertaining and well delivered video ... with substance. You've hit your stride Coffeezilla.
I stay very far away from “stable coins” I don’t understand them and I would never invest in something that I have no understanding of.
Congrats you're not a blind or poor. Pat yourself in the back
Great way to ensure you never learn anything new
What one does is the second they want to cash out, you can swap say your Bitcoin at 64k into USDT pegged to 1 USD. Then, the market crashes. Now you can swap the USDT back to a cheaper Bitcoin at 30k. One doubles up their Bitcoin. Rinse and repeat. This is a more realistic approach.. Difference is most stable coins do not offer that much APR. 7% or lower is more realistic. 4,000,000% APR is an obvious scam/rug pull. Cuban was definitely in on it. There is no way he's not knowledgeable enough to know.
And like, when I say complex math, I mean unexplored math. The issue is this notion that by simply burning off the supply of the token, you can use that to increase the price. That's an assumption people make, but most of complex asset pricing models that we have are based around a fixed supply.
Creating a model where the supply is now dynamic and directly dependent of the underlying price is math that no one has ever had to really do before.
So to answer it's kinda easy to see how even people who are traditional market experts might not have been easily able to spot this as a problem, because these kinds of assets have no reference point to what they're used to/understand.
@@talktothehand1212 You are literally describing the US dollar. Nobody knows how to calculate it's worth, it's not backed, the supply is constantly increasing while old bills are being destroyed.
It's easier to fool someone than convince them that they've been fooled.
Yo zilla thats u singing at the end ? Lol u the man
TO THE MOON!!
....wait, this looks like the core of the earth...
🤣😂🤣
you’ve been killing it, only subbed recently but glad i did
Loving the outro.
The water rafting analogy is great Zilla.
"extreme complexity in finance is bad..."
i don't care how much cuban lost on this crypto, what i care about is him getting luka doncic some help on the court.
I don't trust the guy anymore. Narcissist to its finest.
Lool
You are awesome. We need more humans like you. Keep up the great work
And people are wondering why Tom Brady's wife upped sticks and left him...
I get the feeling that Mark Cuban is extremely jealous of Elon Musk.
Wtf? How ? Explain
@@ahumanwhodoesntlikenoobs395 Because time and time again, he seems to try and control/influence the crypto market like Elon does but it never works. He even talks about Dogecoin but when he does, nothing happens.
He's jealous someone else got even luckier than he did.
cuban is a hack, Elon Musk is a Real Business LEADER.
This is the exact guy who used to say: “I prefer banana over bitcoin.”
Stick to your guns buddy…
Or, adapt your thinking as you obtain new knowledge. Stick to your guns only if it makes sense
@@JunkBondTrader it definitely made sense in this aspect xD
*buddy
@@ishish8816 oops, tnks
Why do I feel like coffee is talking to me..! 🤣🤣🤣
That analogy was sick!
There's a lot of kids who haven't really been scammed before so they don't really know its a trap when they see one. The folk with a bit more life exp seem not to have learnt from their own mistakes and that of others. Sad.
dang that comparison to white-water rafting was good, great video!
Never laughed so much 🤣🤣🤣🤣🤣. The ending was epic.
Crypocurrencies are essentially digital beanie babies.
Hey Coffeezilla!
Like ur vids BUT Stop trying to recruit new scammers with ur hyped videos of making “a billion dollars” market cap vanished. It was never real money. Maybe a few million at best was stolen. If it was real the dump wouldnt be that big. Mcap is not real $.