Please Support The Channel:
YouTube Membership
YouTube Super Thanks
https://www.patreon.com/joeblogsYT
https://www.buymeacoffee.com/JoeBlogs
Cryptocurrencies have seen a dramatic fall in value over the last 6 months however the problems are now ACCELERATING FAST. THREE ARROWS CAPITAL had $18 BILLION of Funds Under Management but is now in LIQUIDATION, CELSIUS and VOYAGER Lending Platforms have suspended withdrawals and appointed Advisors and the number of other firms affected is RISING RAPIDLY. BLOCKFI was valued at $3 BILLION in 2021 and is now being acquired for $25 MILLION. CONTAGION is spreading through the Crypto sector and MELTDOWN has started.
For specific details please check out the CHAPTER list below.
Thanks for watching and please LIKE and SUBSCRIBE.
If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated.
https://www.buymeacoffee.com/JoeBlogs
Chapters:
0:00 Intro
2:05 MARKET UPDATE
5:45 3AC
9:58 VOYAGER
13:50 LIQUIDITY PROBLEMS
15:21 BLOCKFI
17:59 REGULATION
19:04 SUMMARY & CONCLUSION
#crypto
#3ac
#blockfi
#voyager
#celsius
#cryptocrash
#luna
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3
38 Comments
That drawer’s just not quite shut properly is it. (Love the content, keep ‘em coming Joe)
Crypto is like the Dutch Tulip Craze of the 17th Century. All hype, no intrinsic value. Don't be the last one holding the bag.
Joe, I dont think ANYONE could have explained this debacle any better. You made it simple, and explained the details that are important. It does NOT look good for crypto. And I agree, there will be much more fallout coming soon. Greed is directly connected to KARMA.
What a great Ponzi scam crypto is… build up using loans instead of more and more investors, while at the very same time milk investors by not allowing them to get their money back at all. “Freezing withdrawals” man Mr Ponzi would be proud!
I really appreciate your objective presentation and analysis. Most crypto channels are so obnoxious with the insane sensationalism and speculations (a different one every three days, it seems). I'm constantly hiding those in the recommendations engine, but just subscribed to your channel.
Super relieved that I never bought any crypto
This wasn't supposed to happen. The original idea of cryptocurrencies was that they wouldn't fluctuate like fiat currencies, because they would be disconnected from the economy of any country, or group of countries. It wasn't until they started trading on open markets, where they became subject to speculation, like commodities, that the value started to fluctuate wildly.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Mrs Paula David, her skills set is exceptional.
You cannot predict what cryptocurrencies will do because the people that buy them are unpredictable, they are irrational, and they are naive greedy gamblers. You cannot predict cryptocurrencies based on fundamentals, because they have no actual value, it's not a tangible asset, it's nothing but a Whimsical idea that like all things idealistic, is unachievable.
Crypto is a ponzi scheme, people will always get burnt by them. It is the fault of the governments not regulating such "investments".
Like your site, good info. One issue- please change the colour of your background to something warmer, as that yellow is hard to take.
A brain cell and you would prefer they were all in jail but this is the land of ignorance. 1 dollar worth of btc is selling now for 25 million. Yes do you see ignorance
Trump and Hilary got together for a statement warning of a crypto crash. Should have listened 😵💫
Those who bought one bitcoin at $659 five years ago would have today, even now, (Although I'm sure they would have withdrawn months ago) over $19,000. In fact whatever the dates, its a consistent profit over any 5 year period. Through the good times and the bad times.
Anyone who thinks you can have wealth without work is sadly mislead by their own imagination, some are lucky scam winners, but for every'lucky winner' there may be thousands of losers, but the winners will try to promote more entry level 'MUGS' to keep the scam going !
Gaz UK
My favorite gambling game is shooting craps. I never loose more than I can afford. I might even get a free drink.
You cannot talk about the mortgage collapse of 2008 unless you show the connections to Bill Clinton's housing policy of the early 90s which was the Genesis of the bizarre mortgages that led to the collapse.
You may think that just because you’re not invested in cryptocurrency or btc that you’re immune to the pain. However, a lot of banks and financial institutions have lent a lot of money that will vanish and crush these companies. Question is will government let it happen?
HOARRAAAYY !
There was a central america country where some hipster cryptodude president bet it all on cryptocurrencies for his country… cant remember wich contry exactly nor the details on how far the country was entangled with crypto but… doesnt look like such a good idea now
na-😄-nah- 😄na-na- 😄nah
Joe may be right , But you stay away from people who are So EMOTIONAL, Use your brain people NOT emotions.
Technical analysis of cryptos look scary. Crypto meltdown took an alarming turn now with all the bankruptcy news coming in clusters. For instance, Bitcoin has dropped below 20,000 support. So, next support comes with 12,000. If 12,000 is also broken, next strong support comes 3,000 and if that can not hold it will move to $0 finally just as tulip did and stablecoin did.
Thank you for a very complete and indepth explanation of the crypto markets. I would like to know what this is doing to economies of countries that have adopted crypto and stable coin as their official currency such as El Salvador.
Thanks for your broad insights also I miss your cool sculptures in the back round, where do you get them ?
why do I care I said it was Russian crime and bs shock horror they prefer there gas and oil money.
Here's another great video on Crypto from Joe: https://www.youtube.com/watch?v=wEzZuHmInsM
Crypto is nothing more than a Ponzi type scheme where it depends upon fools jumping in with promises of riches.
Instead of investing directly in crypto, it may be safer to invest in the technology, blockchain. There are some very secure blockchain tech investments.
when YTrs have to beg for subscribers and donations it just makes them look desperate – like we already know what to do
I love how he smiles broadly while bringing cataclysmic crypto news. So very glad I never invested in it.
The origins of "If it sounds too good to be true, it probably is" dates back to 1580. It is OBVIOUSLY still true today.
Please make a historical comparison between 1929 crash and what we see coming round the bend like a runaway train. Leverage and exposure.
takes a trueMoron to give money for literally nothing – it is virtual, it does not exist – just proves the avg IQ is dropping with each generation
https://youtu.be/K4pYemga4Cs !
Sadly, people don't understand the nuts and bolts of financial accounting. Using crypto as a form of payment, a coin that is continuously floating, not backed by any governmental entity doesn't bode well for a balance sheet or income statement. Taking in a dollar bill is a dollar bill at time of receipt and is stated as such on the financials. Currency swings are further down the income statement. A coin on the income line is a floating number that's impossible to pin down. There are other complications as well I won't bore people with but we have a very long way to go before we can start accepting coins as a for of payment, at least for businesses.
Joe? you seem to be a bit upset about this.
Buy the dip📉📉 until it gets to zero