#crypto #bitcoin #yahoofinance
Yahoo Finance’s David Hollerith breaks down the latest news in crypto as BlockFi files for bankruptcy following the FTX fallout and Mobius Capital issues a bearish call on bitcoin.
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9 Comments
Of course he does π’
Crypto is a scam
A bunch of paper Bitcoin IOUs being dissolved/sold wont affect Bitcoin much, if at all. Why would it? To say it would affect Bitcoin price, you'd have to prove that BlockFi has real-Bitcoin assets on the merkle tree. If FTX taught us anything, that number is likely 0.
BlockFi was pretty awesome, thought it was a safe platform. It was paying 8% APY when banks were offering close to 0% during COVID.
Litecoin is actually up
Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Raymond Lammer which has made me almost 9.5 on a 2 btc Trade capital over the last 3 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts….
Trying to predict the future price of Bitcoin is inherently nearly impossible. Instead of trying to scam people with fake predictions, people should realize that Bitcoin has a mining algorithm that was never designed to advance science.
Bitcoin should be worth around between 5-10k If you look at BTC all time chart it didn't really moon much beyond that til the pandemic hit now that the world has moved on ( well expect china for some reason) BTC should return to pre pandemic levels….as all tech prices return to pre pandemic levels…
Crypto is a scam I lost about 79k on this Crypto stuff and I was a so Lucky I came across Fleektoolz he was able to get back my lost funds