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Taylor Swift, FTX, and Jim Cramer?

By Cje95 | Chronic Illness and Crypto | 21 Apr 2023


Yes, you read that title right I mentioned Taylor Swift, FTX, and Jim Cramer all at once and I can say with absolute certainty that is something that I never expected to do. Amazingly though they are all connected through the central idea that crypto enthusiasts have long preached. 

 

DYOR

 

DYOR, or Do Your Own Research, is something that is a basic thing that really one should do for any and all investments they either make or look into making. In any investing space people are going to try and hype up certain investments and more often than not are doing so because they will either benefit from owning said asset or they are getting paid by others who would benefit from this asset's price increase. If you are ever looking for a crypto shrill look no further than Youtube which if you use for your crypto news I would highly recommend looking at other sources! 

 

FTX as we know was nothing short of a house of cards that eventually completely collapsed and burned. Some of the smartest investors in the world fell victim to this including government pension funds and sovereign wealth funds. When news broke about how Taylor Swift of all people avoided investing and thus provided becoming a party involved in the lawsuits against the FTX promoters I figured she had her people look into it and they found something. Instead what we saw was basic common sense and investing ideas asking just basic questions about the company and seeing what answers they got back. 

 

All that she asked about was if FTX could show/tell her that these were not unregulated securities. Since FTX couldn't answer this extremely basic question Taylor did not invest and dodged the collapse of FTX. Compared to all of the money flow, operations, building out, etc. that she could have asked or used as reasons to pass on the offer to invest it was a basic question any investor should ask when investing in something that is beyond their typical area just to make sure you aren't falling for a scam or something else that could get you in any sort of legal trouble.

 

As I have mentioned earlier DYOR is a key tenant in the crypto space and is always recommended by those who are more legitimate in the space. That being said I will admit I died laughing when I ran into an article then on CNBC talking about Jim Cramer advocating for people to do their own research. To me, in reading it and wrapping my head around it the article came across as if this is some revolutionary idea that people only follow the hype and never think for themselves or look into things themselves. Of course, there is still money to be made in the market so to think differently isn't the smartest in the least. 

 

The funniest thing about this to me was how he talked about how the "heavy hitters" were the ones who didn't panic sell or overlook the numbers. How they were able to "look past the short-term chatter and look at the metrics" is something I would argue a vast majority of crypto investors do. Especially the HODLers who believe in the future of various cryptos and want to be a part of something entirely new and revolutionary. Never in my wildest dreams did I think I would be writing a post about how Taylor Swift and Jim Cramer have a positive thing in common but here we are and boy does it really make me laugh since really what are the odds?!

 

 

Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

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