▶️ High Value Doesn’t Always Equate To Legitimacy | EP#369
There is a misconception in investing whether it’s crypto or stocks that something of high value must only be a high value because it’s successful and thus legitimate. I want to break down why this is absolutely not the case.
*This is a LBRY first video meaning it shows up on LBRY at least 1 hour ahead of anywhere else.
Watch here: https://lbry.tv/@ScottCBusiness:4/scams:5
Whether we look at Hertz swinging with crazy volatility as it goes bankrupt or SushiSwap going up to $10 right away and now down to $1, we know that high value doesn’t mean stable or legitimate.
What’s more important though is when we have projects with high market caps on the verge of basically scamming people. Now while I’m not accusing any of these projects of being scams, they all have many red flags that one could then lead to that conclusion themselves upon verifying.
I’ve covered this all before but never touched HEX on video, so here we go. We will be looking again at Theta, DLive, and now HEX too. The reasons being that: 1. These are some of my most watched and hated videos 2. People believe that value proves legitimacy using value as evidence and that needs debunking.
This breaks down a bunch of projects you should avoid too in one video plus several others, but today we will focus on three big projects. - https://lbry.tv/@ScottCBusines....s:4/Blockchain-Socia
Interestingly enough, if you watch along in my videos and or read the blogs attached check out the previous ones which I will link below, you will see all of the information and evidence yourself. Funnily enough, the day I reviewed this Samsung dropped out of its partnership with Theta. People keep telling me I was wrong because the price went up. It’s funny because it’s only gotten worse, but I never said the price wouldn’t go up. Not enough people have seen my video, they’re working with previous co-founders from YouTube and Twitch so I’m unsurprised they can pull off big partnerships. While the nodes may do well, the platform is a money suck and I’m surprised anyone’s patronizing it (though few are). Most people who are happy right now are just the node owners, not the users or creators (except for those are being paid on the side)
DLive is also very bad, but you can after tremendous effort get your money out. It’s continuing to favor partner streamers heavily over regular users in every aspect and they even lost PewDiePie. Another platform Justin Sun has ruined. I don’t have to go into much about this, I’ve covered it so many times.
Lastly, we have HEX which I originally wrote a long blog article on which go into great depth and detail on why I sold mine after seeing all the sketchy stuff going on.
You can read all about that here: https://read.cash/@scottcbusin....ess/why-i-sold-all-m
I know people get tribal about protecting their investments, but there are some projects that are not going down the right path. Please do let me know if there’s anything that must be corrected. Simply saying that I was wrong because the price went up isn’t an argument, and that’s what I’ve been trying to explain with all of this.
What do you think though? Is it hard to get the truth out about things like these when people need to protect their investments? What do you think about all this? Will you still invest in these projects? Let me know in the comments below and don’t forget to like, share, and subscribe as well!
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The main crypto platforms that I use today are LBRY, Publish0x, DTube, 3Speak, ****ute, Flote, Memo.cash, Read.Cash, Minds, and Uptrennd. I also actively use Twitter. You can find me everywhere as @ScottCBusiness
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