Profitable Investing Tips
If the industry and railway workers are unable to agree to a contract and there is a strike the economic cost could be closer to $2 billion a day according to The New York Times. It is time to consider the effect of a rail strike on the US economy and your investments.
What Happens in the FTX Bankruptcy? At this point in accumulating information and accepting court filings it appears that FTX and its affiliates owe the top fifty creditors at least $3.1 billion with two of the creditors being owed more than $200 million each!
You never owned any FTT tokens and never did business with any crypto businesses in the FTX empire. So, why did your Bitcoin holdings fall in value when FTX had a bank run and ended up declaring bankruptcy. Why did the FTX collapse take Bitcoin down and how far will the ripple effect extend throughout the cryptocurrency world?
After doing their due diligence, Binance said it would be beyond their capacity to bail out FTX. In the aftermath of the fall of FTX and allegations of fraud, the crypto world is wondering who might be next. Now the head of Binance says to stay away from the CZ exchange and its token due to signs that those folks could be the next to fall.
There has been a temptation, especially considering the FTC case, to say that crypto is a big setup designed to take people’s money. We would suggest that crypto is risky but not rigged. Impressive results are generally tied to higher risk in the world of investing.