Why are all these crypto companies declaring bankruptcy? - Crypto in Plain English - Episode 208 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it15 Heinä 2022

Why are all these crypto companies declaring bankruptcy? - Crypto in Plain English - Episode 208 - by cryptohunt.it

Why are all these crypto companies declaring bankruptcy?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

The latest crypto company to declare bankruptcy is Celsius, putting almost $5bn dollar of user deposits at risk. You may remember the name because we talked about their crumbling business a while back.

But what is happening here in general? Don’t these companies have at least enough money to weather through a crypto storm?

No, because their business models never worked. Especially those promising high returns to lenders have been playing a very dangerous game.

Here’s how they operated: They borrow money from you and promise you high returns. Then they take that money and put it in the market, say into Bitcoin. And it’s easy to promise you 20% interest if the price of Bitcoin goes up by 40%.

But that’s exactly the problem. It only works as long as prices shoot up and people keep piling money into the lending platforms. As soon as prices go down, and too many people want their money back, companies like Celsius don’t have enough money because they lost much of it in a crash: The hole is at least $1.2 billion dollars deep in their case.

So: As always - if it sounds too good to be true, it probably is. We think a lot more companies will crumble. Be safe out there and remember yesterday’s podcast about regulations? We might need some of that!

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

Cryptohunt it dead - Episode 373 - by cryptohunt.it

Cryptohunt it dead - Episode 373 - by cryptohunt.it

Cryptohunt it dead Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. Cryptohunt i...

6 Maalis 20232min

How ERC-4337 will put an end to forgotten crypto keys - Episode 372- by cryptohunt.it

How ERC-4337 will put an end to forgotten crypto keys - Episode 372- by cryptohunt.it

How ERC-4337 will put an end to forgotten crypto keys Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As alw...

3 Maalis 20232min

What is Eth Denver, and why are all the crypto enthusiasts going there? - Episode 371 - by cryptohunt.it

What is Eth Denver, and why are all the crypto enthusiasts going there? - Episode 371 - by cryptohunt.it

What is Eth Denver, and why are all the crypto enthusiasts going there? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-chan...

2 Maalis 20232min

What’s up with all these .xyz domains? - Episode 370 - by cryptohunt.it

What’s up with all these .xyz domains? - Episode 370 - by cryptohunt.it

What’s up with all these .xyz domains? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain E...

1 Maalis 20232min

What are Bitcoin Ordinals? - Episode 369 - by cryptohunt.it

What are Bitcoin Ordinals? - Episode 369 - by cryptohunt.it

What are Bitcoin Ordinals? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. It’s...

1 Maalis 20232min

Why did Coinbase invent BASE, its own blockchain? - Episode 368 - by cryptohunt.it

Why did Coinbase invent BASE, its own blockchain? - Episode 368 - by cryptohunt.it

Why did Coinbase invent BASE, its own blockchain? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always:...

27 Helmi 20232min

The future of voice - How AI will change the things you listen to - Episode 367 - by cryptohunt.it

The future of voice - How AI will change the things you listen to - Episode 367 - by cryptohunt.it

The future of voice - How AI will change the things you listen to Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing i...

24 Helmi 20232min

How generative AI will create never-ending stories - Episode 366 - by cryptohunt.it

How generative AI will create never-ending stories - Episode 366 - by cryptohunt.it

How generative AI will create never-ending stories Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always...

23 Helmi 20232min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
herrasmieshakkerit
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
inderespodi
rss-sami-miettinen-neuvottelija
leadcast
timanttia-hiomassa
rss-kohti-unelmia
rss-juurisyy-johtamisesta-kilpailuetua
rss-porssipodi