Mycrypto Guru

03/20/2024

If you received this email from [email protected] IT IS A SCAM.

DO NOT CLICK THE LINK!!!

09/02/2022

Good news fellow Bitcoiners!

08/28/2022

There's about to be a great Bitcoin buying opportunity.

Mt Gox is about to pay back 140,000 BTC to individuals who lost their BTC in the hack. The average price of BTC at the time was $547.61 so you can believe a decent chunk of that 140k will be sold off.

05/11/2022

An excerpt from Coinbase's recent 10-K earning report. Read the organge very carefully and repeat after me:

"Get my coins off exchanges"...

04/13/2022

For those attending the in-person crypto class tonight: right now I'm still keeping an eye on the weather. I'll have a decision by 415ish as to whether or not we're still having this tonight.

If you are planning on not coming either way, please let me know below. If enough people are going to cancel, we'll reschedule it anyway.

02/16/2022

Here's a better explanation of what's going on with Blockfi, why I'm upset with them and why I pulled my assets last night... also where I think the legitimate defi space is heading with this ruling.

Why did I move all my crypto from Blockfi last night? Find out here... also what exactly is happening with SEC ruling and why it's important to the Defi space.

02/16/2022

If you have money on blockfi, I would strongly consider pulling it and moving it another platform. I'm making a video on this for tomorrow but short story: SEC found they blatantly lied about the collateralization of their loans. I.e., there's a LOT more risk than they claimed.

02/09/2022

I am moving my intro crypto class to YouTube. You can subscribe here: https://youtube.com/channel/UCVmqngMNVgcqPLlRRSPvlmQ

Every Sunday morning a new lesson is being released. Tell your friends! :)

Share your videos with friends, family, and the world

12/27/2021

TIME TO FARM CRYPTO LOSSES: if you're in the US, take a day this week to farm your losses.

I.e. have a coin that's down from your last trade? Want to keep it? Sell it at this loss, buy it back at the new low price. Use the loss to offset your gains for the year and do it before Jan 1.

Take advantage of the US tax loophole while we still have it.

If you need help with this please post below.

08/04/2021

Stolen from Reddit but needs to be read. This is very similar to the setup with Robinhood and WeBull (for any stock or crypto you buy, not just Chinese... Plus WeBull is a Chinese company):

This might be a good time to write about this since there is a major sell off and lot of you might think you can buy Chinese stocks for a low price. Cramer might say whatever but it’s your job to research into the stock you buy.

You don’t actually own the stock of the Chinese company shares that are bought via American or any other world exchanges. CCP laws do not allow foreigners to own shares in a Chinese entity. You actually own shares of a shell company located in the Cayman Islands that has the same name as the Chinese stock you own. This shell company has certain economic agreements with the Chinese company so that the share holders of the shell company get economic benefits. You can read more in the below link.

This kind of a structure leads to a lot of issues. One of them is low blowing American investors after the Chinese companies becomes profitable. Basically Chinese companies are listed in the US and use US investors capital to become profitable and then are taken private at a low price before re-listing in China for a far higher price.

Then there are risks of the CCP out right invalidating your shell company shares if CCP considers your shares as foreign ownership. This depends on how the shell company shares are related to the Chinese company. Most of the shell companies are shown as a subsidiary of the Chinese company. So the CCP can consider owning shares of a shell company of a Chinese company subsidiary as foreign ownership and invalidate those shares. The below Bloomberg link has more about this as well.

And then there are accounting issues. The standards of listed Chinese and American company accounting requirements are different. We already have an example for this - luckin coffee.

Also Palantir and rent increases.

05/06/2021

Things are not looking good for binance.us. Indications I'm seeing right now is they're insolvent and probably not long for this world.

Evidence starts here but checking the evidence he posted and a couple other sources, the OP is right... This could be very bad.

https://www.reddit.com/r/Bitcoin/comments/n5tenh/psa_the_actions_of_binance_are_best_explained_by/

Edit: I'm getting ready to get on the road here so I won't be able to keep up with this highly intelligent and well conceived discussion but let me leave you with this:

I'm not saying "G**O NOW!!!" and I edited my first post a bit cause it did sound a little alarmist... Here's what I'm saying...

Don't trust everything will be ok tomorrow. Moving your coins to a more stable exchange like coinbase costs your nothing. Leave it there until this is resolved and we have a better picture of what we're dealing with. If you want a coin on binance, move what you need over, buy it, move it off. Hedge your risk and exposure.