BlockFi CEO Responds To Rumors They Sold For $25 Million

MeetKevin Youtuber took a $500k hit being an investor in BlockFi. Funny thing is in the video he actually correctly predicted the ponzi scheme in March 2022 and thought buying the "house" was the smart choice.

 
I never watched a single video from Kevin. Though maybe half of one once on a house he tried to renovate and re-sell.

Mostly I can't stand some of his ridiculous facial expressions in his thumbnails. Why does he always look like some weirdo who's got that look where some fat Wall Street guy by the name of Bubba just fist-fucked a hand-full of CDOs (squared) right up his ass?

Seriously, that's a lot of volatile fist-fucking... If I want to look at that I can always look at regular porno.
 
Kevin has an okey-dokey personality, maybe similar to Ned Flanders. But the dude is sharp as hell. I would never pay for a course but he is the closest I would consider doing so. His fundamental opinion on the markets and real estate is good if not overly aggressive in equities.
Mind you, he was up tens of millions in equities at the height of the market. Has made tens of millions in real estate. And set revenue records for YouTube revenue. $500k loss is not "EVERYTHING" for him, far from it.
 
I would never pay for a course but he is the closest I would consider doing so-
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I had heard a lot of complaints about his courses/teachings. One is that despite being overly bullish, he then did an immediate 180 bearish move. So... what was everyone else paying him for all that time?

I'm not saying someone can't change their opinion over time but.... he certainly did raise a lot of questioning eyebrows.
 
lwlee said:
But the dude is sharp as hell.
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Lost 500K in an obvious scam, what he called a scam. The definition of smart. I don't care if he burns 5 MM over the weekend for fun, that is not fucking smart.
 
The_Krakenite said:
I had heard a lot of complaints about his courses/teachings. One is that despite being overly bullish, he then did an immediate 180 bearish move. So... what was everyone else paying him for all that time?

I'm not saying someone can't change their opinion over time but.... he certainly did raise a lot of questioning eyebrows.
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There was a faction of people who only wanted to hear him say only bullish things. His fundamental analysis clearly showed that a downturn was coming and he acted on it in January but he is actually fairly new to stock market analysis, only about a year or so in becoming a stock market guru. So when so many people went against him, he didn't know how to adjust. In some videos, he actually looked like he wanted to cry with the avalanche of criticism.

What I think he should have done was say I provide only fundamental analysis and this is my active portolio. Whether you want to follow me or not, is up to you but I'm going to do what's best for my portfolio. But more recently it seems like to appease his audience he has stuck to his only bull stance. He has 16,000 shares of TSLA @770 average about 1 or 2 month ago. I believe he's still holding even though he's losing millions.

One good thing he has never done is say he provides stock picks. That was smart.
 
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Pekelo said:
Lost 500K in an obvious scam, what he called a scam. The definition of smart. I don't care if he burns 5 MM over the weekend for fun, that is not fucking smart.
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Obvious scam??? Nice to play monday morning quarterback. Before the downturn, what were the signs that BlockFi was damaged goods?
 
-he is actually fairly new to stock market analysis, only about a year or so in becoming a stock market guru.
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So, similar to the majority of Youtube stock/invest/forex trading gurus.
 
lwlee said:
Obvious scam???
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Yeap, you may want to read my journals about certain collapses. I saw them in advance, but I guess I am not your average idiot.

What are you arguing against? Even he called it a scam, I think he just thought he can time it.

Anyhow any Fi that promises 20% is an obvious scam...
 
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