meta_pixel
Tapesearch Logo
Log in
Market Mondays

Market Report: WHAT TO WORRY ABOUT IN CRYPTO

Market Mondays

EYL Network

Business, Entrepreneurship, Investing

5.04.1K Ratings

🗓️ 1 July 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this Market Report we talked about recent cryptocurrency scandals and what to look out for. #crypto #celsius #bitcoin 


Link to episode: https://youtu.be/mRZD_5GgwCk


Link for Stock Club Sale: Link for Stock Club Sale: https://joinredpanda.samcart.com/referral/0J3sPcDo/QPSUPKI9gbfQVwVU


EYL University: https://www.eyluniversity.com



Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0

You want to talk about Celsius freezing withdrawals and what it means for most people interested in crypto?

0:05.7

Absolutely.

0:06.8

I am not the world's greatest expert on crypto, but I for sure can tell you this.

0:13.0

Please put 20 can chat if I told you big call was going to go to 20k when it was at 60.

0:18.1

If you work with any brokerage, any firm, any company, and they do not allow you to pull your money away.

0:25.5

When you want to, you are invested in a centralized bank.

0:30.7

I don't care what veneer they put on it, what they call it, but I know everyone in crypto is like,

0:35.4

Hey, if it's not the keys, natural coins, but if you cannot liquidate, when you want to,

0:41.0

you are at the mercy of a bank.

0:42.3

And the thing that irritates me about this and bothers me is that I truly believe that Luna,

0:48.4

Celsius and tether are going to be the Lehman brothers and barestowns of crypto for this crash.

0:55.4

So what that means, they were the ones that went out of business and it caused like a mass extinction level of it.

1:02.2

Financial on the stock side, the same is going to happen on the crypto side.

1:06.4

Please be careful.

1:07.6

Anyone that is invested in crypto, please make sure you have the keys or passwords.

1:12.6

You're not holding your coins on coin base or any other broker because if they go out of business,

1:18.4

they are not obligated to give you your money back.

1:21.6

Most of you don't read the disclaimers and disclosures when you sign up because there's normally 40 pages.

1:26.8

If you read them, it's terrifying.

1:29.2

Please be careful. I am not the world's greatest crypto expert. I know.

1:33.6

But I do know if this company goes out of business, you're going to be screwed.

1:38.4

I don't want you to be on the sideline with your heart or money being taken away.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from EYL Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of EYL Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.