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  • This Guy Lost $20 Billion In Two Days And Is Somehow Still Alive

    From barstoolsports.com

    It's still unclear on just how many billions Billy Hwang lost last week. Some are speculating $20 Billion. Some as much as $30 Billion. There are reports that at one point this guys portfolio was $100 Billion strong to quite strong. But the fact that he suffered a swing that bad in just two days has to be one of the biggest kick in the dicks in the history of dick kicks. One minute you're riding high, scrooge mcducking it, and the next thing you know you crapped out. The craziest part of this all, from my understanding, is that Hwang's money was as close to liquid as you could get. His net worth was actually $20 ... (full story)

Interesting
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Unbounded greed.....
That's about 200.000 lots in forex, small change.....
Quoting Banditten
Back to FTMO (:
HAHA NICE ONE
Basically It also wants to spoil reputation of Chinese such news. I dont have any issues just point to note
he needs the vaccine
Monetary policy around the Globe enables situations such as this to almost be commonplace.
Certainly there are others just not public as of yet.
This kind of Liquidity without accountability encourages a Casino economy.
Real question is what to do about it as an individual so as not to get sucked down with the ship when it all come undone.

A Parallel economy is evolving outside the grasp of Central Bankers. It is based upon what is referred to as escape assets, This includes precious metals, Land, Real Collectables, things that can be used in a Barter economy. Keep in mind before there were Central Bankers and even paper money economic growth still occurred, mostly based upon Barter.
It was the way things got done long time ago. People have insurance policies against possible damage. No reason not to have an form of insurance based upon escape assets outside this insanity created by Monetary policy.

How rapidly things can unwind is exemplified by what this article demonstrates.
Quoting TrTT
Basically It also wants to spoil reputation of Chinese such news. I dont have any issues just point to note
CCP do not need help with ruining Chinese reputation.

Billy Hwang is a Korean born American.
NO doubt he has lost his money to some bad trading decision,but that doesnt mean he has lost the trading skill that acumulated the money for him.so it is question of time he will bounce back.
Quoting ericyerome
NO doubt he has lost his money to some bad trading decision,but that doesnt mean he has lost the trading skill that acumulated the money for him.so it is question of time he will bounce back.
"Accumulated" - it is unclear how much he made by trading and how much was actually capital provided by other people.

In light of recent trading performance, practices he adopted some years ago, and the non-transparency of exactly what he was doing, I am inclined towards the latter possibility.
Wasnt he insider trading? Sure he still masters that skill.
Quoting mindscream
{quote} CCP do not need help with ruining Chinese reputation. Billy Hwang is a Korean born American.
HAA I See.

Billy Hwang is a Korean Born American.

Thought it was Chinese and they were ill reputing Chinese.
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  • Posted: Apr 14, 2021 12:46am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 13  /  Views: 5,152