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FTX just crashed, now block fi has suspended withdrawals and Crypto dot com is looking shaky. We delve into this story and I also tell you why I turned them down as a sponsor.
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32 comments
All creators who are being shamed now, did warn not to put more than 5% of your money in Crypto. ALL OF THEM! People just didnât pay attention to that part because they want a âget rich quickâ opinion.
WellâŚ
Nice explanation. This is probably only gonna happen more, a lot of this stuff was most useful for wealthy Chinese to get their wealth out and away from rmb, as the nets tighten a lot of the bottoms will fall out.
I think I lost about $20 in ftxus.
I never believed in it and got those scam vibes at the beginning. Bought $100 in bitcoin and then it split, took my $3000 gain only to be hit with a high tax bill so I put it in ebonds.
Andre imo is very similar to Graham. Most of his content is about doing boring investments also. So i feel he comes from a genuine space
It's crazy how Ftx Got that big in 3 years. Tom Brady sponsoring it to having a stadium sponsorship. Crazy
Itâs so funny how you find out whoâs backing who when the money runs out. So it never was millennials money.
I always use a hardware wallet when making a purchase of crypto. I may look for a decentralized option.
They should all be dragged out to the public square and horse whipped until a pound of flesh is taken from them.
I subscribed to your channel I'm going to un-subscribed to Gram
"Our greatest fear should not be of failure but of succeeding at things in life that don't really matter." -Francis Chan
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Damm I feel sad now
Rut ro, hope those influencers kept copies of those videos. That's called spoliation of evidence. Basically not preserving, deleting, destroying, or even losing evidence that an opposing party could subpoena and use as evidence in trial. Most jurisdictions make it a criminal offense and if a party does this spoliation (not spoilation) then a jury is instructed that they can make an inference of guilt and assume the worst because the party destroyed the evidence. It would be interesting to see if any litigation ends up using this spoliation principle.
That being said, I try not to heed too much what anyone on youtube says. Most of them are incompetent in what they talk about, aren't trained or licensed in what they talk about, and quite frankly I think most of them are a little vain and probably full of shit most of the time. (oh except you of course Ben, lol)
Iâm a big crypto guy and I never heard of ftx until now
Damn!! 50k+ monthly?? This is literally the underbelly of YouTube.
Thanks Ben, you are the best! Keep up the good work!
Blockfi froze my credit card with them
Great content. Thank you
Didnât you put all your money in BlockFi? I heard things from another Youtuber trying to expose you ( Coffeezilla )
Props to you, Ben for not being a part of this. Itâs hard to blame the financial YouTubers even though a case can be made that they contributed to the problem. However, itâs Andreiâs advice that kept me from loosing any money. He preaches to move your coins onto a hard wallet just in case something like this happens which is exactly what I did. I wish more people would follow their whole instructions instead of just a portion.
Never trust a man with tits.
Happy you avoided this fiasco! Crypto is unregulated and not ready for prime-time yet.
Graham Stephan used to be an amazing finance YouTuber. His early content taught me so much about real estate credit cards and motivated me so much to improve my financial situation. But after Covid lockdowns ended, views dropped off, and he ran out of things to say, he sold his soul. FTX sponsored every one of his âIced Coffee Hourâ podcasts and most of his main channel videos.
As he always jokes about, Dislike, Unsub. Thank you Mr. Hedges for actually staying true to your audience and not selling your soul for more money.
I honestly wouldnât call it being a YouTuber having a career. Also, didnât FTX co-CEO donated an equally large amount of money to the Republican Party. At the end of the day, these guys wanted to influence government officials on both sides to deregulate crypto so their sketchy practices would fly under the radar.
Graham seems like a good guy but I never jumped on that ftx wave.
lol as I watch this, gemini is in trouble.
Tegridy is worth more than money
Looks like Gemini is going bankrupt too!
Shaq, Tom Brady, and Tom Bradyâs ex wife are now being sued over FTX in Florida lol đ (along with SBF)
Everyone one involved should go to JAIL
Gemini is going under also. I love crypto and got smashed by Voyager.