Generally when celebrities launch dumb crypto projects, over promise and don't deliver anything, it marks the top of the crypto market.
Trump was supposed pump Bitcoin but then launched this stupid nonsense meme coin.
The problem is not people being uneducated.
The problem is that people are educated just enough to believe what they have been taught, and not educated enough to question anything from what they have been taught. 🧠
I just read FTX's Chapter 11 First Day Affidavit.
In it, the appointed restructuring CEO John Jay Ray III, who oversaw Enron's bankruptcy proceedings, calls FTX's case the worst of his career.
Its contents are shocking.
Here are the highlights:
👇
After Bernie Madoff's fraud was revealed, was it the end of investment firms?
After Elizabeth Holmes's fraud was revealed, was it the end of blood testing?
Now that SBF's fraud has been revealed, will it be the end of public blockchains?
No, no, no. The mission continues.
Imagine someone invented gold and it was a massive success. Soon others would want to invent their own gold too!
But failing to understand why gold is special, they simply paint rocks. Fools buy the fake gold, despite warnings, and lose everything.
#Bitcoin is not crypto.
Every Investor MUST know how to analyze companies.
A huge part of that, is analyzing the 3 financial statements.
Here’s how to analyze and interpret the…
- Balance Sheet
- Income Statement
- Cash Flow Statement
1. You will not be able to buy the Bottom. Macro bottoms are formed over months of pain and range. Few have such conviction and patience.
2. Bear markets see the most volatile Pumps, with no warning. Don't ever short this market with high leverage.
3. If you stay, you make it.