DECENTRALIZED

E3: Implosions in the crypto market: Lessons Learned


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Highlights

  • FUD (Fear, Uncertainty, and Doubt) is not always FUD. 
  • There is no substitute to doing your own due diligence in the crypto space.
  • Always invest what you are prepared to lose.

Additional reading

  • Taiwan bans credit card cryptocurrency purchases: https://www.coindesk.com/policy/2022/07/22/taiwan-set-to-ban-crypto-purchases-using-credit-cards-report/
  • Deloitte survey: http://uk.businessinsider.com/deloitte-study-91-percent-agree-terms-of-service-without-reading-2017-11
  • Celsius Terms of Service:  https://fortune.com/2022/06/14/celsius-network-terms-of-use-bankruptcy-digital-assets-deposit-insurance-fdic/
  • Celsius “FUD”: https://www.coindesk.com/business/2020/07/28/what-crypto-lender-celsius-isnt-telling-its-depositors/
  • Terra/UST “FUD”: https://www.bloomberg.com/news/articles/2022-05-15/luna-crash-this-crypto-insider-warned-of-terra-ust-s-collapse?sref=zVYYYI5e
  • 3AC:https://cointelegraph.com/news/3ac-founders-reveal-ties-to-terra-founder-blame-overconfidence-for-collapse

Some crypto-specific news websites

  • Coindesk: https://www.coindesk.com
  • Cointelegraph: https://cointelegraph.com
  • The Block: https://www.theblock.co
  • Decrypt: https://decrypt.co
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DECENTRALIZEDBy Lorraine Mutyaba