"The largest L in Cryptocurrency history just happened.' The largest L in Cryptocurrency history _so far._

I could just watch Penguinz0 narrate an ice cube melting

“I think a lot of people are under the impression that everyone that has money is a genius.” That’s a pretty profound and elucidating statement

Cyrpto Bros: "We dont want regulation government bad" Also Crypto Bros: "WHERES MY MONEY I GAVE TO A STRANGER!? GOVERNMENT GET IT BACK"

2 things that bring me joy: 1. Charlie cackling 2. Charlie finding joy when shit hits the fan

a couple weeks ago my friend was enthusing about FTX, and he said that he would put half of his EMA allowance (a scottish allowance that the government gives to people 16 or over who are going thru higher education) into FTX. My other friend and i talked him out of it somehow, showing cryto scams and how its not just 'free money.' I swear to god that guy owes us at least a mcdonalds or something.

As someone in the financial industry it’s funny watching CryptoBros find out why banks and the stock market is so regulated 😂

Between metaverse, Elon's twitter implosion and FTX and crypto "people think just because you have money you're a genius" is the statement of the year

His description of changing the coins from American market the Japanese market is the level of thought I used to make a profit selling iron arrows in RuneScape. Buy a stack at 10gp per arrow, then sell for 11 in bank. Literally free money

It’s time for a Crypto Scammer Tier List

Anti-Scamming those guys on RuneScape was so good. "Hey if you double this 100k for me, I'll give you 1m to double" *doubles 100k* *log off* The only people dumber than the victims are the scammers.

This is literally just a mini, online great depression. Except this time, the value of the currency wasn't the economy of one of the largest countries on the planet, the value is backed by "trust me bro"

sad for the normal people that lost their fortune but billionaires losing their billions always puts a smile on my face

can't even feel bad for this company, they did it to themselves.

Charlie admitting that he took a big L and calling himself being stupid is why he deserve all the attention. He knows and admit when he is wrong.

We should all be like Larry and miss out on Cryptos and NFTs.

Seeing Charlie being honest and humble about crypto losses is helpful.

“Step 1: start rich. That is almost every billionaire story.” FINALLY A BIG KZfaqR SAID IT. You’re extremely based Charlie.

Man atrioc seems like a fun guy! Hopefully he doesn't get into any controversy

This really be a bruh moment now (Atrioc)

I love seeing the items added to his setup every few episodes, its like a protagonist's improvment arc.

It's like watching a train crashing in slow motion, except all the passengers are telling everyone how it's not only going to be okay, but that you should hop on in there with them.

"Millions of innocent lives ending in a surge of chaotic drama" Charlie: Yes, my sweet sustenance.

“I felt a great disturbance… as if millions of crypto wallets cried out in terror, and were suddenly silenced. I feel something wonderful has happened.” _-every anti-cryptobro_

I laughed at their Super Bowl commercial with Larry David last year, because I knew it was only a matter of time until it looked absolutely ridiculous. Happened sooner than I expected, honestly.

thank you, charlie, for never becoming a crypobro.

11:29 WTF?! I feel that deserved an even bigger eye role. That's like telling a bunch of people treading shark invested water that seeing a boat should motivate them not to be drowning.

Imagine trusting a guy named “Bankman”

"NFT's will flip traditional art." -Decrypto Bro 2022

its poetic how this turned into another Meta L. Truly divine intervention.

i adore how casually open you are w your mental health charlie. its comforting for those of us w/ similar struggles

9:32 jumpscare alert D:

The issue with crypto for me was that the money was not coming out of nowhere. Someone in the end would inevitably take the fall, and I didn't want to be that person.

Everyone needs to be a bit more like Larry. Best advice ever.

So it’s good news. Because every L Crypto takes, is a net win for everyone. Because Crypto should never have been invented

love seeing small time streamers like Atrioc getting the spot light

This L was so huge, my dad brought it to my attention before Charlie did, now this is surprising as my father is a milk collecting connoisseur so he’s gone a lot.

I simply cannot believe the fake money ended up being fake.

I wish I made a cash bet on crypto failing.

While I myself was affected by the collapse of crypto lender Celsius and lost around $300, I was fortunate enough to get out of FTX in late August/ early September. I moved everything I had from FTX because I didn’t like Sam’s personal political affiliations but more importantly I noticed they were paying 8% interest on whatever you had in their exchange which was a red flag to me given what happened with UST and Celsius.

Remember kids, no matter how tall you’re standing, if you build your ladder out of cardboard, only the smallest bit of rain can bring it all crashing down.

I feel that if everything I learned in life was taught by or at least narrated by Charlie, I'd understand much more than I do.

The commercial backfiring is so hilariously funny! The smirk of Larry gets a new meaning of "told you so" in such a huge manner. The micdrop is among the best micdrops of recent years.

man its almost like when the government is not involved people will scame you this is what happened for multiple depressions

I recently got a presentation assignment from my Digital Transformation lecturer about how the metaverse could evolve the way businesses work and it was the hardest thing I ever did when I had to go in front of the whole class and explain why the metaverse was great, amazing, and totally not a dumpster fire.

this is just a nice, heart-warming story

There's a big controversy in the Magic: the Gathering community because FTX was sponsoring one of the biggest podcasts, Limited Run. They promoted it and talked about it being a safe investment and all that jazz. Luis Scott Vargas, one of the cohosts of the show, is VP of marketing at Good Luck Games (makers of Storybook Brawl), which was purchased by FTX in March. When the community pointed out how their promotion of FTX was disingenuous and the various issues with it (and crypto in general), they continued promoting it. Now they are without a sponsor and I'm curious about what will even happen with his company.

God. To think that Atrioc was a creep too...

I mean I'm surprised it didn't tank after the whole Canadian trucker thing. The main appeal in crypto was it was supposed to be immune from government control and or censorship. But you had the Canadian government shut down their crypto donations. Which quite literally dumped on one of the primary reasons it made it appealing.

Atrioc talking about the FTX crash while wearing an Enron cap is a boss move

Ah yes Kevin “mr wonderful” O’Leary , the Canadian super villain who paid for his wife to beat a murder charge after she crashed a boat and killed a innocent bystander

Charlie´s storytelling ability combined with his amazing vocabulary is a joy to listen to

The fact that there is a metaverse implication here makes this even more gold

I have such a shit eating grin seeing crypto bros take L's but I do feel really bad for those who didn't really understand Crypto and got into it.

the beta cytpo bro : looses all money in cypto the giga chad charlie: laughs at them

2 things in this video aged very badly

As an accountant, hearing “metaverse CPA firm” blew my mind.

Charlie can discredit just about anyone and all he has to do is make them wide in his thumbnails.

anyone else notice how much cryptos back up and no ones talking about it?

"Assuming anyone that has money is a genius " is one of the biggest problems in USA culture

Ftx literally did the exact the same thing that bank tellers did right before the great depression

The guy whose clip you’re replaying nailed the liquidity problem: They COULD sell the coins, but IF THEY DID, the very act of selling some those coins TANKS THE VALUE OF THE COINS (if the coins hadn’t already lost their value anyways). Massive exchanges like this have such massive holdings that they literally can impact the value of a coin. It’s crazy. The other issue here is that they got hacked…and lost all their holdings…so they couldn’t even sell their coins because they didn’t exist anymore…

"Went on Twitter slinging meat" was actually a pretty accurate assessment. He literally crashed it and bought it lol

Aged like fine wine

I'm kinda impressed. I didn't expect the cryptobros to be even worse at investments and monetary policy than the federal government but they found a way.

As a CPA (not in the US), knowing this is gonna be in the curriculum of future aspiring auditors and accountants in the future as just another major case study, it's just super fascinating and also kind of dumbfounding seeing it in real time. I was in Uni and the Enron case was just one of many but notable events that affected acctg and auditing standards around the globe that we had to study. It felt so distant because it didn't happen in my generation. And now looking at this, I'm kind of interested in how this is gonna impact things. I kinda LOLed at the first meta CPA firm, but it does make one wonder about what type of auditing and accounting standards you can bend since this is all new Unregulated territory.

Now it makes sense to me. That charizard analogy really put things into perspective.

9:35 this was indeed one of the scariest jumpscares of all time

charlie is intelligent enough to both recognize his own past mistakes and to dunk of cryptobros in the same vid. nice

I'm a pretty simple guy and with how fast things are changing sometimes people will tell me it's not necessarily the best to stay that way... idk man with all this shit burning to the ground i'm starting to be thankful more and more for the simplicities lmao

As far as the Miami Heat thing goes, Houston went through something similar after Enron. They had the naming rights for the Astros ballpark for a couple years and then they ended the agreement after Enron went belly up. Took a few months for the name removal to become official and they went by Astros ballpark for a few more months after that and then had a deal with Minute Maid. They even offered a $100 dollar reward to anybody that found anything that had Enron's name on it in the ballpark so they could erase all traces of Enron for good. All and all that saga went on about less than a year.

I love to talk about my own L. I almost bought a $600 Base Set Pokemon booster box in 2010. I had just graduated high school and was tempted to use my graduation money on it, but I didn't. That same box, last I checked goes for around $6 grand. Big regurts.

The largest crypto crash yet I've heard that sentence like 6 times this year

" Should I buy a house, or a link to a pixelated picture of a monkey? " - Busta Rhymes

Never trust exchanges, ALWAYS use a self custodial wallet!

It's weird that one of the big things crypto-bros would talk about was decentralizing, and then they centralise all their crypto by putting it into exchanges, where a bunch of them don't actually own their crypto, because they don't own their own keys.

Being an economic student this is absolutely incredible to see… but it’s a miracle I understand anything he’s saying😂

Sadly, it seems like every generation has to learn on its own that banking regulations exist for a reason, and that this time is NOT different. If you invest in an organization which has an outspoken guy at the top, who seems more interested in upping himself than boasting about many banking regulations they're in compliance with, you're gonna lose your money guaranteed. An exchange issuing its own token is pretty much the same thing as the 2008 subprime mortgage driven crash.

I had this running in the background and suddenly heard “another great video by aatrox”

The fall of the metaverse and now FTX proves we do not live in the darkest timeline.

I’m not usually one to enjoy other people’s misery but damn, the crypto-bro culture was probably the most annoying thing to happen that I can remember in my lifetime. “You’re literally stupid and actually hurting yourself, it’s totally the future and how the world will operate in the next few years.” This kinda news just cracks me the hell up lol.

12:34 A moment for respect - shout out to Vsauce.

It’s essentially that episode of South Park where Stan goes to put money in the bank and the guys like “ sure let me see first we open an account sort out a debit card and apply any aaaaand it’s gone….” And then when Stan gets presses about him losing the money the guy just responds “ do you have an account sir….we’ll then I’m gonna have to ask you to leave” it’s that in a nutshell

No company is "too big to fail" Charlie!

This is why people need to be educated on how finance works starting in middle school and break the whole Get Rich Quick American Dream way of thinking.

Charlie smashing metaverse had me so weak 😂😂😂

4:30 I was thinking someone in the twitch chat was gonna say “livin like Larry” and I was right

Damn a worthless currency suddenly becomes worthless. Who would’ve guessed.

That "copium" thing Charlie was referring to about people not being able to quit by rationalizing that money/effort spent should correlate positively with results/success as a way of validating that effort and spending is an example of psychological entrapment. You see it all the time in many forms of gambling.

9:55 oh so that’s why they say “liquidize your assets” that makes sense now

Man lifetime of playing runescape is finally paying off in real life. Inspirational

Seeing crypto companies crash brings a smile to my face

I despise those KZfaq commercials that claim they're giving you a one time offer that'll supposedly end when the ad does. Hardcore FoMO targeting, and I know for a fact I'll see that commercial 100 more times over the next week

2:10 is that big guy giving me the run down of sam bankman freid?

but hey you gotta admit, those Larry ads went HARD. Pretty funny, just don't fall for the obvious scam plug-in

I love watching all these crypto investment schemes (if you can call them that lol) go down in flames. Each of them has a unique spin, each story feels like could go in any direction and I'm all here for it, popcorn in hand.

It's actually crazy how often crypto crashes.maybe people with fucking learn there lesson this time

10:17 oh my goodddd that refrence hit hard. i love runescape its where i started :)

I love that the guy Charlie was reacting to was wearing an Enron hat

A huge L for crypto is a huge W for humanity