ICO Gets Million Dollar Condos & a Lambo with your Money? Crypto Segments is BACK!

by birtanpublished on October 5, 2020

It is Monday and you know what that means another episode of Krypto segments what's going out everybody it's your boy Krypto Bobby I hope you were having a great day great night wherever you are watching or listening in rum and yeah we are back again this week on Monday with another episode another edition here of crypto segments and we got some good ones we have a great great great coin of the week and as always the competition is fierce in this stage of one of the week but this week it is absolutely good one we have another strong you think and then I also want to look at q1 in review and q1 in the

Crypto world was actually pretty damn good as we can see from unchain FX right now and we'll talk about that and then introducing a new segment here and it's triggered Bobby and obviously as you guys know when you listen and watch me on YouTube I get triggered easily especially when it comes to crypto and some of the ridiculous silly trends out there so I want to hop up on my soapbox and rant during triggered Bobby so we'll get into all that and more in today's episode if you guys are enjoying these segments by the way make sure number one to hit that thumbs up button that like

Button but also sound off in the comments and let me know your thoughts on other segments that might be good might be fun to do as well as if you have any nominations either in the comments or on Twitter if you're listening on the podcast or just prefer Twitter at crypto underscore Bobby as always love to hear segment nominations as well as ideas that you might have for new segments because I'm always all ears but before we hop into segments today it's April 1st and before I jump out of the window with all the awful awful awful

April Fool's jokes that are currently happening on crypto Twitter on YouTube wherever they're just April 1st is the worst day on planet earth I don't care what you have to say it before sucks but being that it's April 1st we can look back at q1 of 2019 and take a look at what happened in the crypto market and as we're looking at it it was a pretty damn good quarter for crypto currencies as a whole being that it's April 1st we can check out the today that'll accurately give us a q1 so far time frame for performance against USD and over q1 from January 1st to now

We had some incredible price movements mostly in the outside mid to mid cap altcoins we had raven coin pulled a 360 8% move still showing some pretty interesting signs their engine coin went up two hundred eighty percent mostly on the back of their partnership or inclusion into the samsung galaxy s 10 and their wallet finance coin B&B pulled it 200% move qu coin shares because coo coin just partnered right off the back of exactly what buy Nance was doing pulled a 190 percent move and then you have hollow hewwo betoken also went up a hundred sixty percent and then we have

Tezo's thank God my Tesla's bags I'm only like 2x away from breaking even now shocker but I'll take that any day the week but we had out of the mid to large cap crypto currencies on on chain FX from one two with there are 54 of those out of the 54 mid to large cap crypto currencies 45 of them were in the green and we had only less than 10 that were actually in the red stellar aetherium classic Stratus waves iota XRP nem and Bitcoin sv and you know a lot of those I think it is what it is for a lot of those I don't have a position in any of those I'm not a

Massive fan of any of them anyway so for me that's perfectly fine on my end but you had a theory and pull you know what up about 5% Bitcoin did even better was up about 12% but the vast majority of crypto currencies medium to large cap were up substantially showing some positive improvement and really showing that the end of 20 you know 2018 seems to be the sign of the bottom in the crypto markets at least for where we are right now and if we're looking at the market capitalization and the volume on coin market cap granted the let's take this with a massive massive massive

Grain of salt but the market cap was 125 billion just under 126 billion dollars with 14 billion dollars and 24-hour volume on December 31st of 2018 we are up to one hundred and forty five billion dollars and thirty three billion dollars of daily volume granted a vast majority of the volume reported on coin market cap is completely inaccurate whether that is wash Trading or transaction mining or just a variety of a bad thing so the volume there is not necessarily indicative of any type of great trend in my opinion but still nice to see we

Added twenty billion dollars to the cryptocurrency market cap and a lot of that was really due to the performance of some of those medium to large cap altcoins as well as bitcoins steady 11 percent rise as well the kickoff segments this week we need to start with the most famous most prestigious award in cryptocurrency really in anything kind of on the level of of the Oscars of the Grammys and that is obviously the coin of the week in this week's coin of the week goes to none other than fuel what is fuel you might ask well I actually

Didn't really know about it until I read this article from coin desk but it seemed very aptly to be titled the coin of the week and so the coin desk article title is police freeze accounts seized luxury cars in probe of I co-promoter Van Beck's and so the Canadian police shout out to Canada have been in Canada a few times this winter wonderful people fantastic people very nice people Calgary Banff shout out is are wonderful but Canadian police have frozen assets owned by the founders of blockchain services company van Beck's as part of a fraud investigation into a

2017 initial coin offering that raised twenty-two million dollars according to court documents obtained by coin desk led by Kevin Hobbes and Lisa Chang they raised twenty two mil worth of fiat and crypto through the token sale called fuel now if we go down it's important to note that these charges are not finalized yet I guess in Canada it's guilty until proven innocent until proven guilty yada yada yada so I'm not saying that they're guilty but we'll go down here still the court papers go on to allege that Hobbs and Chang acquired sudden and substantial personal wealth

Around the time of the ICO including two condominiums one in Vancouver another in Toronto for about three million dollars each to land rovers I mean at least I have good taste in cars and a Lamborghini worth three hundred seventy five thousand dollars that was leased for a three-year term so what do you do when you raise twenty two million dollars in an ICO well apparently you don't actually build the products you were supposed to build you buy dope ass condos in Vancouver and Toronto for three mil a pop get sick land rovers because obviously everybody

Knows stepbrothers Range Rovers are the sweet thing to drive and you lease a Lambo can it get more stereotypical than that I don't know I think that is literally the most stereotypical thing possible but then even if you want to add to that you add high-roller betting in variety in a variety of casinos in British Columbia and elsewhere so that is fantastic and we pop over here to fuel see this nice red candle on the de fuel is down 11% or so today after being up obviously because the fundamentals were very strong I was up about 68 percent over the past uh over the past

Month or so still up about 50% but hey that's crypto that's life removing the actual joke behind that this is listed on Finance the vast majority of the liquidity on Finance your the liquidity for this token is on by Nance if you are a holder of fuel I would remove the oh my god this is fun and I would dump that as fast as you possibly can with the preface that I am NOT your financial adviser this is financial not financial advice but when the government goes after tokens it's usually not a good thing so I'll bet and as much as I wanted to go ahead and give check point

Of the week to our friends at at because Justin Sun and the whole Lambo debacle or excuse me not a Lambo a Tesla debacle the whole Tesla debacle you all definitely deserves that for the 22 million dollar raise and then spending a good amount of it on things that absolutely have absolutely absolutely nothing to do with building ether party and you know what they had going on there so if you invested in that IC o—- at least you know at least you know in the bottom of your heart that your proceeds went to a good place and your ether or Bitcoin or whatever

Cryptocurrency or Fiat that you put into ether party you know that went to bettering somebody else's life just not yours now in an event that nobody could have possibly ever seen coming that it's just it's impossible to have seen this commenting the crypto exchange bit hum was hacked for thirteen million dollars in a suspected insider job you think this is not the first time there's been a heist from this exchange but every single time this happens and this is now happening on basically like a weekly or bi-weekly basis but where you're seeing centralized exchange hacks happening

Over and over and over and over again and people are losing the money in this case apparently it was bit hums internal wallet and not actually customer wallets well we'll see if that's actually true or not but this happens so often it's just a complete repetitive you think every single time and this is getting so repetitive that I have a fantastic or what will hopefully be a fantastic spoof coming out later this week on centralized exchange hacks but if we take a step back out of the oh you think segment here and just look at what continues to happen with these

Centralized exchanges or a lot of the I would say the the less prominent ones and in bid home is certainly a larger crypto currency exchange but as this bear market has gone on and while q1 was definitely a positive one but as this bear market has gone on there have been numerous exchanges that have had mass layoffs that have level a lot of people go you know if you think that their security is getting better while they're laying people off and not making as much money I think you're it's it's not a surprise to me that as though the market has gone down and pulled back

That the the level of these hacks kind of continues to happen on a very large scale and I just always caution and urge people to just be smart about where are you trade and when you trade especially on some of these sketchy exchanges because it continues to happen and continues to happen so our last and our our newest segment is triggered Bobby and as you guys know it doesn't take much to trigger me I'm a little baby back sometimes and what is triggering me right now is initial exchange offerings otherwise known as ayios and every freaking exchange on

Planet Earth that has now decided oh well bye Nance is doing this oh we should do it too let's take for example by box I see oh drops buybacks has announced its own launch pad program by box orbit wow that must be new and innovative we'll hop over and we'll check out ieo launch on Google hmm who else is doing these ieo is nowadays that Finance has had a little bit of success with it oh wow okay X okay cool Rex hmm qob oh okay cool coin yep and I posted this the other day on Twitter I made this and I I'm completely serious it's like every board meeting

Right now for a centralized crypto exchange it's like Oh what should we do next you know maybe should we fix the you know fix the fake volume fix security so we don't stop getting hacked every five seconds maybe we can do a trading contest maybe we can do a launchpad ieo and it's like you know what let's not fix security let's not fix all the fake volume that's happening let's not fix all the let's not do any of that let's just go launch i iost let's launch IU's let's let's create a launchpad let's launch pad it okay cool so we'll

Hop over here to crypto potato because why not what is an initial exchange offering ieo and how does it differ from an IC oh okay we'll get into it an initial exchange offering as its name suggests is conducted on the platform of a crypto currency exchange contrary to initial coin offerings in ieo is administrated or administered by a crypto exchange on behalf of the startup that seeks to raise funds with newly issued tokens okay so we'll break this down at a really high level there were apparently a lot of problems that occurred with initial coin offerings

Right no you had really no kind of true value for a lot of these these tokens not a fair way for people to to value them a lot of these tokens were utilized for speculation there was kind of centralized control over these over these tokens as well because there's one party obviously issuing them there were you know a variety of issues so the initial coin offering the ico boom really came to an end in many respects because the value of these tokens many tokens is down 70 80 90 percent from where they I see owed some are up obviously significantly but many

Are down and down quite a bit and also there is very murky regulation around icos especially in the US and in certain other other jurisdictions abroad as well so what do we do now that I cos aren't hot anymore we rebrand to ayios yep we change coin to exchange and then we make it even more centralized by having a centralized issuing token he offered by a centralized exchange it's genius it is incredible it makes no sense and because by Nance has done it a few times and had success every other Joe Schmo change on the planet is now trying to do

The exact same thing because they're riding cc's coattails to the moon or maybe not to the moon but their token price is going to the moon anytime one of them talks about a launch pad and really when you think about it when you look at the amount of money that's being raised in icos now or ayios why would there need to be 10 different crypto exchanges as we can go back down here why would we need to have an i/o launch pad on Finance bit tracks bit max really bit max UOB COO coin okx eye box bobby's buffalo chicken exchange I don't

Know it's everywhere it's the most ridiculous thing and this trend is so stupid and I am triggered and it grinds my gears and I think that investors are just gonna continue to lose money in this the only difference is exchanges are making money off the fees while issuing it so hey there's trigger Bobby I'll continue to be triggered on the subject of ayios because they are the exact same thing as I SEOs with the same problems just with a centralized issuer on an exchange so hey that's my problem again if you enjoyed Monday's crypto segments I would love to hear from you

In the comments if you didn't enjoy it as well I always love to hear that too if you have suggestions for next week for new segments or if you have nominations today or throughout the week I am always open I am always all ears so hit me up at crypto underscore Bobby on Twitter or in the YouTube comments as always if you enjoyed this video make sure to hit the thumbs up button hit that like button Krypto Bobby signing out hope you have a good one peace

Related Videos

Hello the cubicles and welcome to another video maker of the currency event over the series the aim of the series is to find any upcoming the currency events an...
I have to apologize to everybody because I've been promoting a company who only has their best interests at heart top salesmen best interests at heart and n...
It is Monday and you know what that means another episode of Krypto segments what's going out everybody it's your boy Krypto Bobby I hope you were havin...
What's going on everybody Alex back was another cryptocurrency video but today we're going to be talking about how to control yourself how to emotionall...
Hey guys welcome back first off I want to thank everyone who's been liking subscribing and sharing my content you guys rule and I appreciate all the constan...
Live from the USA hoping you get paid every day this stuff boasts a Bitcoin the crease though of creeped up is avoid BK and if you don't like me you must no...
Okay come down here boom that would be picture-perfect beautiful guys look at this we actually have this candle come down right on this line right here right ab...
Wow you guys are going to want to check this out guys as you may know Bitcoin has decreased a few hundred dollars as of about midnight last night we have some i...
What's going on guys crypto jeremy here back with xrp video hope you guys had a fantastic day thank you guys so much for tuning in to another video today&#3...
Hello tokens and welcome to another video nice update now today's third of June and I'm looking at news that happened from 28th of May until today I alw...
hello it's Brad Lori or blockchain Brad and today we're speaking exclusively with icon many of you know it you've known it for years and they'r...
People what's going on this an update on Tron all right so the market right now market cap is 431 billion we've got a Bitcoin dominance roughly 34 perce...
What's up crypto gang welcome back to another episode if you guys are new to the channel this is a channel where we hack our cryptocurrency education and we...
That went around yesterday online that a Bitcoin ETF and was approved by the SEC and Buffett had bought Bitcoin cereal I'm not joking this was on Twitter it...
If you would have put a thousand dollars into ethereum when it first came out you would have like 10 million dollars i did the math now if you came to this vide...
All right hello guys welcome back to my channel so today's sponsored interview is brought to you by intern ex and I would like to start by thanking the foun...
Live from the USA helping you get paid every day this is the boasts of Bitcoin the crystal of crypto is your boy DK and if you're like me you must not like ...
Okay tickle my toes and spit in my protein shake this mamacita is ready for some games as discussed in yesterday's update Bitcoin held this critical line he...
I will tell you what bitcoin is on the verge of a huge move no ifs ands or nuts about it guys looking at this chart we have some very interesting patterns that ...
Hey guys what's going on kevin cage back with another cryptocurrency update let's dive right in so again this imf international monetary fund document w...