Crypto: Red Alerts & Selling Charity
In this video, I talked about SBF and how a massive interview he did with NASDAILY a Facebook influencer sold the idea that he wanted to give away all his money to charity. However, this interview gave people a fake insight into what SBF was doing with FTT, the scheme he was running and it was simply too untrue to see that someone who would want to give away money to charity would jeopardize the money of others because of the stake of charity.
It doesn't correlate because robbing peter to pay Paul isn't the definition of charity, it's only a scheme on the front to make more money. I talked about people starting up businesses to say they're not in for the money and how this is a huge red flag already.
The 101 of business is profit making and when someone says they're not after profit then what is their endgame? Charity in Africa is a huge scheme that many capitalist uses to buy themselves a good name in the face of the media because it's all fake.
I also went ahead to talk about the rot that SBF created and how the good side meant that people would increase their Sense of red alert and mental readiness when dealing with crypto exchanges.
At the end of the video, I went on to talk about the good days coming back and how we probably needed this cleansing. The rot is not just in crypto. The El Salvadorian president is once again bringing in new money and I talked about how this is important going forward
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▶️ 3Speak
Any business that claims it's for charity is a lie. They all had an endgame and an exit plan. Bub playing on the pschology of people.
It's sad what that Bukalele might be going through but being one who is staunch, I m sure he is enriching himself in a hope.
Evey technology had back drops, and backdrawers. And like you said, it's a cleansening. Just to make sure you portfolio is not in the dirty places.
I m not sure what you said about solana, are they also indicted in any way?
Great content Chief.
I think Solana has been on a downard spiral of late and people are attributing it to so many issues, the FUD spreads and people become sceptical. It's probably not a major issues but it's worrying.
As for the charity front, SBF sells this a lot and many people were endeared to him. It's saddening, he should be in jail.
The recent news I hear of the Bahamas government being involved complicates the whole thing. Means it was a scan from the start.
You also mentioned gate.io .. brought back bad memories. My $100 disappeared on that platform. That would be some huge counts by now. I wonder if they still exist.
We all need to be careful.
Thanks.
The major aim of every business is profit, whenever I hear the words "I didn't do it for the money" it looks like a scam to me. I mean you can't run a business on losses, you be bankrupt before the business even become solid.
You are right, so many people talk about charity in Africa without knowing anything about Africa. They based their assumption about Africa on what others say and this is so wrong. Even if you want to donate to a charity, you ought to do some findings to be sure your money will be used for a good cause. while there are genuine people who do charity work, a majority do it for their own gain. Charity in Africa is indeed a huge scheme.
Twitter is full of blind critics. They do not know a particular thing yet they criticize it the most. I remember when bitcoin and cryptocurrency started, it was exactly the way people were criticising it. There will always be blind critics, no matter what.
I hope things become better and we start waking up to good news. May the decision the
El Salvadorian president took to invest in bitcoin yield good results for his country.
Hahaha, people will always do it for the money, there's no shame in admitting that, at least, having your intentions public when it comes to business is a sign of integrity. However people like SBF are snakes and they've managed to throw people under the bus. Money lost and emotions running here and there. These people think all of Africa is a mud hole and we're all dead broke here. It's crazy.
As for Crypto, I think the critics will remain since the market is volatile. I hope we stand firm.
How's the bustle in the city of Lagos?
I hope so too.
As crazy as always🤭🤭
It certainly is a method for making more money. It is not only the problem of Africa but of my country, Pakistan, too. A person starts collecting charity for poor and what we see in the coming years the person becomes rich multi-folded.
Well, that's another angle to charity. I think the whole aspect of charity is to even hide a bigger truth from coming to the limelight. It's absolutely crazy.
And the people involve in such schemes often are successful in fooling masses
The stories we get about profits going toward charity are crap that calls to be wary of.
It is tough on us at the moment as the market does the cleansing but it is a necessary phase to root out the projects that are of no sustainable use to us.
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I've heard a lot about projects giving away all their money to charity and to me, it doesn't sit well on the surface. People are now applying baseless schemes in crypto and this is affecting crypto. But the good side is that we'll be rid of these projects very soon.
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Lol of course advertised himself as a mam of the people and a giver. He was most likely just using charity as a cover for himself in case the dubious acts he was engaged in behind the scenes ever actually came to light.
We need to actually Thank Do Kwon and SBF for showing us just how skeptical we need to be about investment and with regards to CEXs.
Lol this post triggered a dream I had last night that I had forgotten after I woke up. A very weird one where BTC went to 0 as I stared at it’s trading chart. I’m actually very shocked I would have a dream like this because I’ve never been one to pay any attention to the crowd with that belief. I guess I unconsciously have been there because what other explanation is there?
Bear markets already are not for the weak, and the collapse of several big projects and exchanges during this year’s bear definitely isn’t helping the situation. It definitely isn’t over for crypto and if we stand strong and firm, we’ll come out of this bear cleansing smiling. Only the patient investors and the good projects will come out on top.
You're right we need to actually thank them and the reason for this is that they brought this mental alertness to people. This means that people will forever be skeptical of exchanges and do their research well. In fact, I want to believe that this will never happen again in Crypto because they've gotten into the history books. It's so sad this cleansing had to begin at this time when we're thinking we might see the bull market rather soon. But all hope isn't lost, we can do this.
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