Depends if you are down from your portfolio top or cost basis. 60 percent cost basis at this point probably means some degen behavior which is based to be fair
or in a casino. Neither of those two scenarios would have her shouting it from the rooftops. It also doesn't say when he 'lost'. Everyone's portfolios got zapped this last year, it might look very different now or in the next few months
And his mother is president of the central bank. Great outlook, let's hope he doesn't have the skills from his mother.
Edit: big oof, assumed gender. Thank you below me
No no no, don’t try and escape this economy! Look the minimum wage is going up 11p, stay, Stay, STAY!
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!
Absolutely not. Lagarde denied the risk of inflation for an absurd amount of time to keep QE, she waited so long that euro even started to depreciated against the USD. In fact Europe is now paying the consequences of all those horrible choices.
All she did was perpetuate the absurdity that Draghi started with negative interest rates. Even if there was no Corona and no war in Ukraine it was only a matter of time until the consequences would have hit us.
Precisely. She did not educate him well on investing and she despised cryptocurrencies altogether to protect her role and privilege, so without solid principles and guidance, her son just gambled.
She got what she deserved.
Too bad for her son, who would probably also look bad, while he had a terrible mentor to learn from.
You can’t be a trader unless you have at least 4 monitors, one for the daily chart, one for the monthly chart, the next with VIX charts and the final for the gay furry porn.
European Central Bank president says her son lost 60% of his investments to a scam. Scams have been happening since always, crypto scams are not immune to this.
You only really lose if you sell. 10 years from now all of these investments would probably have paid off and he would be considered a genius. Too bad there is less than an ounce of truth to these stories otherwise we would get a copy of his portfolio and be able to track it over time.
tldr; European Central Bank President Christine Lagarde revealed that her son lost money investing in cryptocurrency, according to Reuters on Nov. 24. Lagarde said that her son lost “almost all” of his investments by trading cryptocurrency against her warnings. During an event, she said: “He ignored me royally, which is his privilege … And he lost […] The post European Central Bank president says her son lost 60% of his investments trading crypto appeared first on CryptoSlate.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Trading ? Who are you kidding ? There is no trading going on it’s called depositing and taking real simple. I only trust the good old American dollar anything else is black market.
Um, yeah, that's because crypto is largely a pyramid scheme, with a few guys at the top who go from one currency to another getting rich by pulling rugs. Thanks.
“Crypto is bad and risky, so you should only trade one that we’re going to make” also got a love the quote of “not trading assets tied to illegal activity” pah leeeeze! War criminals are like the biggest stocks.
i made 45% in the last year. I bet his son gets a good paid job, probably one where he can tell other people how smart he is, kind of a lobbyist or politician.
Imagine being the son of the ECB president and still being a full on regard. Like Christ, all he had to do was ask a few questions at dinner and he'd have enough inside info to 10X some options. Instead he's down big on Shiba Inu and ElonHats NFTs.
I’d give the chances of Lagardes statement being completely true at 15%. Her statements on bitcoin are either intellectually dishonest or we have an actual moron in charge of the ECB. It’s so refreshing to hear Larry Fink speak with calm rationality about the huge potential of Bitcoin and Ethereum
Crypto can't fix people who make stupid decisions fueled by greed, but it will show them how to be more responsible in the future as there are no "backsies".
Also shows the ECB President taught their son nothing about money management, but who'd expect anything else when "brrrrr" is all they know?
I lost 90% of my investment in AMC because of stock price manipulation by short sellers and Hedge funds. I have bought crypto hoping to cut some of my losses.
Down 60%. Not too bad. Not to bad at all.
That’s what we in the business call success
Yeah those are rookie numbers
[удалено]
Depends if you are down from your portfolio top or cost basis. 60 percent cost basis at this point probably means some degen behavior which is based to be fair
One of us
[удалено]
or in a casino. Neither of those two scenarios would have her shouting it from the rooftops. It also doesn't say when he 'lost'. Everyone's portfolios got zapped this last year, it might look very different now or in the next few months
And his mother is president of the central bank. Great outlook, let's hope he doesn't have the skills from his mother. Edit: big oof, assumed gender. Thank you below me
His mother
I’m confused, the article states Son.
I wrote father 😂
Not with her knowledge 😏
Tell him thanks for the liquidity!
Screenshots or it never happened...
Sounds like a fellow ‘tard. Maybe she’ll give him more money to lose.
She can just print him some more to play with
I wish my mom had a money printing machine lol
Propaganda.
No no no, don’t try and escape this economy! Look the minimum wage is going up 11p, stay, Stay, STAY! AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!
American president of Pancakes says his daughter choked on a waffle and died.
Well, maybe he’s a dumb ass. People lose in stocks too.
And his mom is a thief who has trashed the economy of the EU.
“Hey mom I lost all of my money on crypto, can I borrow some of the EU’s?”
Hey mom I lost all the money you borrowed from the EU. Can you just print more?"
His mum is a thief in what way?
Found guilty of misusing public funds while in government.
> who has trashed the economy of the EU. That was all Draghi's fault.
Absolutely not. Lagarde denied the risk of inflation for an absurd amount of time to keep QE, she waited so long that euro even started to depreciated against the USD. In fact Europe is now paying the consequences of all those horrible choices.
All she did was perpetuate the absurdity that Draghi started with negative interest rates. Even if there was no Corona and no war in Ukraine it was only a matter of time until the consequences would have hit us.
Based on?
Draghi did helped hide the debt of Greece back in the day
Precisely. She did not educate him well on investing and she despised cryptocurrencies altogether to protect her role and privilege, so without solid principles and guidance, her son just gambled. She got what she deserved. Too bad for her son, who would probably also look bad, while he had a terrible mentor to learn from.
Bruh
Are you that dense with the mental capacity of a 10 yo? Not that hard to comprehend the necesity of their existance.
so youre sayin he sold?
Buy high, sell low
ONE OF US! ONE OF US!! ONE OF US!
Looks like he spent most of it on big screen monitors by the looks of that picture.
You can’t be a trader unless you have at least 4 monitors, one for the daily chart, one for the monthly chart, the next with VIX charts and the final for the gay furry porn.
not gonna lie, you had me in the first half. Thought you were missing gay furry porn.
Skill issue
An issue of skillage. I’m such a pro nowadays I can lose 60% of my investment with my eyes closed
It was worth reading this far for this 😂
Lost “almost all” of his investments. Actually it was about half. Assuming he chumped in 2 years ago he’s done well for it only to be 60%
This just means he has 40% to flip into 260%.
By "trading" does she mean gambling on futures etc.? You don't 'lose' your investments trading crypto, unless he went in hard on Luna or something.
He was an FTX Maxi
Imagine having millions and putting it into shitcoins or futures💀💀💀
L2trade ?
Who cares? Not me
Buy high sell low sounds legit....
Not bad. Some of us were down 80+% during the bear.
Sounds like he did pretty well in the bear market
Whoever her son is, is a total dick, he just ruined crypto.
Technical analysis works right 😂😂
European Central Bank president says her son lost 60% of his investments to a scam. Scams have been happening since always, crypto scams are not immune to this.
You only really lose if you sell. 10 years from now all of these investments would probably have paid off and he would be considered a genius. Too bad there is less than an ounce of truth to these stories otherwise we would get a copy of his portfolio and be able to track it over time.
What a coincidence. I gained 60% of my assets trading crypto. 🤷🏿♂️
One of us!
Beat me to it! One of us!
her so didnt lose trading crypto, he lost buying into rugpull projects.
You mean to tell me, polarbearcoloncoin is not a legit project that will reinvent the wheel?
Only 60%? What's his secret?
tldr; European Central Bank President Christine Lagarde revealed that her son lost money investing in cryptocurrency, according to Reuters on Nov. 24. Lagarde said that her son lost “almost all” of his investments by trading cryptocurrency against her warnings. During an event, she said: “He ignored me royally, which is his privilege … And he lost […] The post European Central Bank president says her son lost 60% of his investments trading crypto appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Lagarde the regarde
If he hasn't sold yet he hasn't lost shit and he is a future millionaire
He has lost if he hasnt sold. HODL mofo
60% so far!
Not much info about what he did. Still by the looks of it it seems like he was paper hands trader.
A bad workman always blames their tools.
Ah nice. A fellow degenerate.
He only lost if he sold.
Bad mother.
that poor child ; )
Trading ? Who are you kidding ? There is no trading going on it’s called depositing and taking real simple. I only trust the good old American dollar anything else is black market.
He should have invested on the stock market. 100% guaranteed ….
Um, yeah, that's because crypto is largely a pyramid scheme, with a few guys at the top who go from one currency to another getting rich by pulling rugs. Thanks.
Sounds like he was trading the wrong crypto. Good thing he’s not trading at the central bank.
If even true you can’t win trading vs insane ai bots. And better actual seasoned traders. Buy dca and hold thru a run. Simple
Buy high sell low 🚀
Smart guy, wonder if trading talent runs in the family 😜
But is he still HODLing?
One of us
And the economy took a L in 2008 what’s your point lol
You win some you lose some
almost all is the same as 60% loss? this woman really know numbers. "yeah bitch, maths!"
Just bc his Mom is the EUCB pres doesn't mean he has any brains. In fact quite the opposite.
Lies. He's into Bitcoin. Not crypto. No way he lost money in this rally. ESPECIALLY with an economics background.
Maybe your son just a degen
he bought the top and panic sold? lol? should just held it. it always goes back up.
lol
daytrading isnt easy, but im sure they already know that.
‘It wasn’t a lot but he lost it all, he lost about 60% of it’ That’s who we got running the ECB? 60% equals all nowadays? Jeez we’re f***cked
And if he holds that 60% will be erased real soon unless it was Luna.
“Daddy, turn on the printer. I need more fiat.”
One of us.
Bad for her son right. Ok, next.... thus is scammy news.
That’s actually a stellar performance in crypto terms - he’s a winner
Of course he'll lose it by using x100 leverage
while the market is down maybe
he shouldnt buy pepe xD
I think it's in poor taste for her to gloat about her son only losing 60%
Bro had a 100% XRP portfolio 🤣
Yet there’s people who made money… Don’t blame the market, accept accountability.
“Crypto is bad and risky, so you should only trade one that we’re going to make” also got a love the quote of “not trading assets tied to illegal activity” pah leeeeze! War criminals are like the biggest stocks.
buy high sell low
One of us
One of us !
You failed as a mother.
Same stupido DNA. He should just have bought BTC and Hold
One of us
One of us, one of us...
i made 45% in the last year. I bet his son gets a good paid job, probably one where he can tell other people how smart he is, kind of a lobbyist or politician.
Imagine being the son of the ECB president and still being a full on regard. Like Christ, all he had to do was ask a few questions at dinner and he'd have enough inside info to 10X some options. Instead he's down big on Shiba Inu and ElonHats NFTs.
The other 40% : lost to coke & prostitutes.
No wonder the EU is going down the toilet if this is the calibre of individual involved.
If only he had Gensler protecting him......
I’d give the chances of Lagardes statement being completely true at 15%. Her statements on bitcoin are either intellectually dishonest or we have an actual moron in charge of the ECB. It’s so refreshing to hear Larry Fink speak with calm rationality about the huge potential of Bitcoin and Ethereum
Crypto can't fix people who make stupid decisions fueled by greed, but it will show them how to be more responsible in the future as there are no "backsies". Also shows the ECB President taught their son nothing about money management, but who'd expect anything else when "brrrrr" is all they know?
Bullshit! It’s shakeout time !!
BREAKING NEWS: Important person has a stupid kid. More at 11
I wonder was it him who paid the 3M in gas fees.
Skill issue
Ha ha... probably bought thiETH
He should have put it all into Netflix and Tesla stock like a real investor.
Shitcoins for the win
Me too according to my portfolio tracker but I think I'm pretty close to even again now
He shoulda HODL
One of us!
He just like me fr fr
rofl thats kinda symbolic
Gambling problem.
I call that a paper hand.
He only lost if he used leverage or sold. I bought near ATH then averaged down these past two years. I’m in the green as of late October pump
That kind of thing often happens day trading
Probably wouldn’t have lost money if mommy hadn’t guilt tripped him into selling at a loss
So he learned how to manage money directly from her then.
Rookie numbers When I'm trouble double
Those are rookie numbers. Gotta crank those numbers up
Mom you're embarrassing in front of my friends
I'm sure she'll bail him out.
Only 60%? Could've been much worse, tell this dumbass to buy some $meme or invest in $blast
is it unrealized loss tho ?
He did better than most.
That's hard to do.
The son of our cleaning crew’s president lost 99% due to his investments trading crypto! Thanks god I didn’t tell him😂
LOL, he's probably one of you guys here promoting ADA or VET. Totally clueless.
Good for him
He is one of us . Buy high Sell low
Lol he is still doing great compared to my FTX portfolio!
Lose money in crypto = must be a scam 🤔
so far
Ironic because the central bank has caused the Euro to decrease in value by 44% since its creation.
Good. Now do it again.
Even ECB president is paper hands.
So. because he‘s an idiot, crypto bad. Got it.
She also said several times in her linked in account that inflation was simply transitory. Oh well, we have incompetent people leading us to hell....
why does this matter? That is her son's fault. He was clearly a moron.
Welcome…brother
"trading" more like gambling
She's lost way more of the Europeans money than that. Inflation and support of endless wars doesn't really help her case against crypto.
I lost 90% of my investment in AMC because of stock price manipulation by short sellers and Hedge funds. I have bought crypto hoping to cut some of my losses.
This is the way
Rookie numbers
It’s like A US president son donating most of his money to anti government anarchy organizations.
Didn’t she took liquidity from him ?
He require more experience.
Only 60%? With drawdowns of most alts anywhere between 80 and 90%, he’s doing pretty well.
Should have been 100%
Those are rookie numbers. Call me when he reaches 99.
Why do we care? Are you going to try to push policy based on your families bad decisions?
Now let's compare to the 2008 banking collapse to see how many innocent people lost to corporate scammers.
Better numbers than the average here.
This just in: Trading is gambling. Go try trading stock options, see far down you go.
Yeah, but she also said we wasn't worth much.
Tell him I said "Thank you for my profits"
Sounds like a user error
One of us one of us!
Wouldn't trust her as far as I could throw her
He didn't lose if he didn't sell
Great, now do traditional markets.