This whole episode is a GREAT reminder of the GOLDEN RULE: not your keys, not your crypto! It’s always the safe bet to store your own coins on a hardware wallet. My preference is Ledger.
— Search “how to store crypto on ledger hardware wallet” on YouTube for more info
The rumors around FTX are just that, rumors! However in a year like 2022 we’ve seen some crazy s#!t go down, it’s a time for caution.
I have not seen any hard evidence FTX is in trouble, but I want this audience to remain safe.
Wishing you all the best in this CRAZY market!!
#nft #ethereum ##blockchain #crypto #cryptocurrency #bitcoin #btc #eth #altcoin #investing #stockmarket #nasdaq #recession #depression
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
29 Comments
My only loyalty is to my audience, so I will speak my mind on any topic (sponsor or not). I don't believe there's a reason to panic right now, but I'd feel very bad if I didn't make the video in a timely manner. Let me know if you want more help with self custody videos and if you appreciate the coverage!
Just remember you can lose 100% of your own money just as fast as the exchanges lock them up… by losing your keys… you need to take WAY more care with your key safety, back up, randomization, diversification, fire prevention, and obfuscation to insure the security of your keys… it's what it means to be self sovereign, which is an original first principle of crypto by the way.. own your assets vs lending them to exchanges interest free.. the price of your security is diligence with the keys. There's a reason millions of bitcoin are permanently lost and it's lack of diligence… guess what, people are going to go on losing bitcoin because we'll never be 100% idiot free.. thanks for the deflation I guess.. as for me and mine #WEALLGONNAMAKEIT
I have all my funds on Binance as busd with orders to purchase eth at a lower price. I cannot wait to have the eth and move it onto my ledger again.
Can’t stand scam bankman fraud
Don’t take a chance! FTT and Solana will follow. Attached at the hip 💥💥Celsius and Luna reminders💥that freaking hurt me..
Let’s not pretend that “insolvency” could be the only issue. Also, everyone should do some research on FTX. Lots of interesting things going on in the background that I don’t condone personally. I don’t think CZ is one to create Fud, so pay close attention. FTX does not necessarily have your best interest in mind.
Ferrum Network and Mantra Dao (zenterest), are also problematic and may be financially insolvent. Careful careful careful.
If Alameda holds a shitload of FTT Tokens and other dead crap projects above the actual market cap then its not CZ that sparks the FUD. They did it themselves. Its literaly Celsius all over again
Resonate is a blessing (not in disguise). You’ve sold FNFT that contains locked tokens and you haven’t touched the underlying asset. The guy who gets that FNFT cannot touch it till it unlocks either. He is stuck with the same terms that you got. You are paid less than they are worth, but you’ve got the money now. And he got it in a better price than he would have otherwise. Everyone is happy. Check resonate finance
Having your money in a bank isn’t safe now either because of bank runs and what the fed is doing this is why we should all use crypto instead of cash or a bank and have it in your crypto wallets
"The whole secret of a successful life is to find out what is one's destiny to do, and then do it." -Henry Ford
Ftx has amazing marketing, but there true intentions are awful. They are purposely attacking others in the space for their own gains. Definitely recommend taking all funds out of ftx and using other exchanges for the time being. Things don’t sound good for ftx… could go bankrupt and if the ceo of binance doesn’t trust em comparing it to Luna I would think twice and run from that exchange.
I just withdrew everything. Stables took 1.5 hours to hit my address.
Nevertheless, I still hodl part of my cryptocurrency in the bfx wallet, although I understand perfectly well that I am taking a risk.
Ellio: You were the 1st Youtuber I watched 2 years ago and are my #1 guy still. But the more I learn about SBF and how much he has donated to the Democratic party, the more I get concerned. I care less about your political views but I know you to support the people and what decentralized crypto can do for the little guy. Do you support SBF who heavily lobbies a party that is for more regulation and control? SBF is for everything that crypto was created to fight against. I want to find out that when you began working with FTX, that you were unaware of the baggage SBF carries. Ellio…I am counting on you, brother!!!
Im not really worried. When there's fear in the market there's opportunity to make money in the short-mid term.
Donot trust elio
Keeping the ppl Informed!! Love it
I've said it a million times and will say it again. Elliot is a stand up dude.
Always appreciate his insight
No withdrawal issues today…cool. How bout tomorrow & the next day? No thanks. And I think “sponsored” is the key word here.
SBF-NO thank you. Zero trust for this guy.
Elliot I’m worried the bottoms in. Any advice?
Elio loves Klaus shwab
Does that include USD on exchange
your mustache is asymmetrical
That's not true at all. This all started 3 or 4 days ago when a third party researcher exposed Alameda's balance sheet as being insolvent due to the obnoxious amount FTT and other illiquid Solana based tokens on it. CZ and Binance made and announced their decision to liquidate their FTT holdings AFTER this report. I posted an Alameda warning on my Twitter Friday morning, more than 24 hours before CZ and Binance made their announcement. I don't have a crystal ball. I read the report…and so did CZ. Stop trying to sugar coat this as "FUD"…it is what it is…and it aint good!
Why wasn't Elio practicing "self-custody" ? He said he just CASHED OUT a large position from "centralized FTX" 🤔🤔
Thought he said to NEVER keep your money on exchanges, yet Elio did have a _"substantial amount of money_" – ON FTX EXCHANGE. (But he cashed it out? Why didn't he just put that substantial amount onto hardware wallet?)
hmmm 🤔
I have been reading your comments to some of the posts. I've commented several times myself. I now see that you were merely supporting an excellent crypto exchange and you're not in bed with SBF. I don't think you communicated that as well as you could have in this video. Maybe make a more clear video regarding your relationship with FTX and SBF? I've been with you for two years and ain't going anywhere. Stay strong, Bro.
Unfortunately this is probably true about Ftx