Crypto Has Little Intrinsic Value or Fundamentals, Research Report Says
Crypto has little inherent value and is mostly driven by hyped-up narratives pushed by its very online market participants, a recent report states.
Stay updated with breaking news from Crypto Traders. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Crypto has little inherent value and is mostly driven by hyped-up narratives pushed by its very online market participants, a recent report states.
Curry, tom brady, gisele, larry david, but in reality the s.e.c. says ftx was just a house of cards and john ray, the new ceo told lawmakers in congress today that this company was basically a big mess. it was a dumpster fire. it had no internal controls and so now ray has spent the last month trying to comb through the rubble, trying to find where the assets are and do his best to maximize recovery, but we know that money is going to be lost here by real people. ray said probably in the billions, i know i've spoken to some crypto traders who lost thousands or tens of thousands of dollars in t...
Besides dangling the opportunity to get rich quickly, one of the biggest attractions for crypto traders was the ability to profit from wild price swings. Now with volatility all but gone -- at least for now -- both professionals and amateurs are altering their strategies as the crypto winter drags on.
Crypto hackers and cybercriminals have found their latest victim. Cryptocurrency traders are still the favorite punching bag of crypto hackers and cybercriminals.
"Ultimately, those types of things are what got us in trouble in 2008," said Dan Gunsberg, founder and CEO of Hxro Network.