ilmscore | An URGENT Warning For ALL Crypto Investors

An URGENT Warning For ALL Crypto Investors

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Speaker holds less than 5-8% of their net worth in Bitcoin and Ethereum, indicating a conservative approach to these larger cryptocurrencies.
"for myself I hold less than five to eight percent of my entire net worth in crypto currency spread evenly throughout Bitcoin and ethereum using multiple brokerages as a part of a well-balanced portfolio"
BTC
Pending
Prediction that two-thirds of crypto hedge funds will go out of business.
"Mike Novograts calling for two-thirds of those hedge funds to go to business."
Cryptocurrency Market
Pending
Past event, but illustrates the risk of exchanges going bankrupt and customers not getting their money back.
"in 2014 one of the largest cryptocurrency exchanges Mount gox went bankrupt after it was reported that 850,000 Bitcoins went missing eight years later customer reimbursement is still in limbo and it's highly unlikely they'll receive anything close to their full Capital back"
Cryptocurrency Exchange Risk
Pending
Past event, but illustrates the risk of exchanges going bankrupt due to mismanagement.
"Quattro CX also file into bankruptcy in late 2018 after their founder suddenly passed away revealing a poorly mismanaged company with no Financial bookkeeping along with big Grail around the exact same time"
Cryptocurrency Exchange Risk
Pending
Coinbase's updated terms of service imply that customer assets could be at risk in a bankruptcy scenario.
"just recently this issue was brought back into the spotlight when coinbase updated their terms of service to say that customer cryptocurrency assets could be considered the property of a bankruptcy estate if such an event were to occur meaning if they were to go out basically you're out of lock"
Coinbase Terms of Service
Pending
Celsius's terms of service indicate that customer assets not in custody accounts are at risk of partial or total loss if Celsius cannot meet its obligations.
"Celsius their fine prints says that you agree and acknowledge that you're exposed to the possibility that Celsius may become unable to repay its obligations to you in part or in full in which case any digital Assets in your Celsius account that are not using the custody service may be at risk of partial or total loss"
Celsius Obligations
Pending
Customers of Voyager Digital are treated as unsecured creditors, implying a risk of total loss of cryptocurrency.
"the same thing also applies to Voyager digital with the customer being treated as an unsecured creditor and or the total loss of all customer cryptocurrency"
Voyager Digital Obligations
Pending
Speaker expresses concern that a significant portion of US Millennials plan to use cryptocurrency to fund retirement, viewing this as an extremely risky strategy.
"it makes me really worried when I see articles with headlines that talk about how more than a quarter of U.S Millennials plan to use crypto to fund retirement which is absolutely insane"
Cryptocurrency as Retirement Fund
Pending