How To Spot A Risky Crypto Investment

[ValueFirst]

The Test to identify a Risky Crypto Investment is to note that not everything that says they are crypto is, just verify-check all their claims on the blockchain and if it is not verifiable on-chain then its not crypto it is potentially risky says - Robert Sharratt- CEO, Fluid Finance

According to him, What Celsius was doing was not Crypto, it was fractional banking but worse because fractional banking is regulated; Celsius and many others escape regulation simply because they claim to be Crypto-Blockchains thus making them riskier than banks.

He continues with even more bold Statements, you can see the full interview in the video https://www.youtube.com/watch?v=w7DOy335ft4 [nofollow]

Let me attempt a TL;DW Summary below.

1. Everything verifiable on-chain should not be regulated however everything off-chain should be regulated

2. USDC and USDT are potentially the biggest threat to systemic risk for crypto

3. They are not verifiable on-chain, yes they publish and say most is in cash

4. But the crypto way to do it is to simply hash everything on-chain

5. Or expose their treasury end-points on-chain for you to verify instead and this eliminates the risk

6. If you cannot verify everything a crypto claims on-chain then its probably risky

This is no Financial Advice Please Do Your Own Research.

[coinsrider]

Anything that is not in TOP 10-25 coins are all very risky the TOP 10 itself is risky so think simple.