Ok. Hadn't kept up with crypto stuff. Yeah the idea that you can promise 20% risk-free seems like fool's gold. But the allure of the crypto space and getting "exposed" to it was just too FOMO for many YouTube guys who have now gotten burned bad.
BlockFi CEO Responds To Rumors They Sold For $25 Million
- Thread starter The_Krakenite
- Start date
Ok. Hadn't kept up with crypto stuff. Yeah the idea that you can promise 20% risk-free seems like fool's gold. But the allure of the crypto space and getting "exposed" to it was just too FOMO for many YouTube guys who have now gotten burned bad.
Yeah, fun stuff to watch but I tread lightly when I listen to them.
ALL those so-called social media traders are complete amateur clowns.
They are public figures for one reason only: Money. To collect that nice ad revenue, and sell them video content and courses, and subscriptions and products.
It's a shame so many innocent people, watchers, view these people as holy experts.
Their clickbait, dumb, theatrical faces should be replaced with demon and devil eyes and faces.
The last 10 years or so, the huge guru fad on Youtube was ForEx. Everything was ForEx trading, making millions in ForEx, no work-just play ForEx.
Seems that whole ForEx fad died up and vanished around the time Hood came into fashion. Then all of a sudden out of no-where every guru switched over to stocks. Stocks this, stocks that. Equities became the rage and every millennial was a master-stock-picker.
When the current recession finally comes to an end (hopefully within a few years), everyone will be so sick still of equities they will be dying to find another type of guru for something else.
Seems that whole ForEx fad died up and vanished around the time Hood came into fashion. Then all of a sudden out of no-where every guru switched over to stocks. Stocks this, stocks that. Equities became the rage and every millennial was a master-stock-picker.
When the current recession finally comes to an end (hopefully within a few years), everyone will be so sick still of equities they will be dying to find another type of guru for something else.
BlockFi did not promise 20%
The highest I saw was on stables 9.5%, BTC was around 4% for deposit of 1 btc or less
Anchor Terra LUNA was the one offering 20%
I'm a BlockFi customer but was not big on their yield products since I could get much higher yields on DeFi yield farming albeit with much higher risks
BlockFi is great for their fiat lending platform. I hope BlockFi survives even if it gets sold to FTX
The highest I saw was on stables 9.5%, BTC was around 4% for deposit of 1 btc or less
Anchor Terra LUNA was the one offering 20%
I'm a BlockFi customer but was not big on their yield products since I could get much higher yields on DeFi yield farming albeit with much higher risks
BlockFi is great for their fiat lending platform. I hope BlockFi survives even if it gets sold to FTX