The FUD machine is working overtime by belemo

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @belemo · Jul 3 '22

$14.56

The FUD machine is working overtime

![fud.png](https://files.peakd.com/file/peakd-hive/belemo/23xV8jq6vB8g29hgpoS8RvdiBWtTwr9nJnxpPYSwdoH96GkyDLU3bR93R1mjCLiZtWkMg.png)

As if the crypto market isn't toasted as it is, there seems to be a high level of misinformation being peddled.

The other day, the story broke out that SBF of FTX was somehow going to "buy" the trouble-ridden BlockFi leading platform for only $25m. Both SBF and the CEO of BlockFi came out to vehemently deny the amount.

For what it's worth though, BlockFi had been receiving a revolving line of credit from FTX. The loan facility was meant to enable the crypto lending platform settle their customers.

Recent information later clarified the situation. It was explained that [Blockfi could potentially be sold](https://www.ft.com/content/fa95d027-8afd-43f1-b9b1-ee8c204435c7) for as little as $250m range. That is a paltry sum for a company valued at over $4 billion last year but such is the wreckage of this bear market.

The widespread crypto recession has claimed many victims and BlockFi, along with Celsius, are just two of a glut of projects going through the wringer.

### Flat out lies

In the case of BlockFi, at least there's some truth to the rumour. [For Kucoin exchange](https://cointelegraph.com/news/kucoin-ceo-slams-insolvency-rumors-citing-no-plan-to-halt-withdrawal), it was a flat out lie that hit the airwaves and was regurgitated until people started believing it.

I must admit that some of the memes, like the one below, were quite hilarious.

![20220702_122719.jpg](https://files.peakd.com/file/peakd-hive/belemo/23yncqJY7k7ar65fZNSvY8sjBUCPrrx2LAQtHHyzhF8yu3gVK8djwZCCBdVu5ZKvCSPDm.jpg)

What we know for sure now is that it was all a lie that manifested from the asscrack of some random on the internet. I reckon it was just created to tarnish the image of Kucoin and the crypto market as a whole.

As much as I'm not a fan of central exchanges because of the whole custodial thing, many of my friends and family are. For some weird reason, a lot of people trust exchanges more than certified blockchain wallets that the exchanges also use to hold their coins.

Anyway, a situation where an exchange like Kucoin goes under is going to be absolutely terrible. Kucoin holders are going to be hurt but the wider crypto market will feel the pain as well.

Forget Luna, if Kucoin or any exchange of that size actually goes under, the entire market is going to be properly screwed. Not *SBF bailout fund* screwed, I mean epic disaster that will make the current market seem like a cakewalk.

The fudsters know what they're doing and as long as the entire market continues in this range, with extreme fear and chances of even going lower, the FUD will never stop.

- Twitter: https://twitter.com/belemo__
- [Hive.vote page](https://hive.vote/dash.php?fan=belemo&i=2)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@belemo/the-fud-machine-is-working-overtime)

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`root_title`	"The FUD machine is working overtime"
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properties (23)vote details (429)

voter	rshares	pct
steemychicken1	1,321,083,821,879	50%
simba	31,703,874,333	35%
boatymcboatface	266,168,488,217	15%
kingscrown	33,031,930,092	15%
leprechaun	2,851,665,998	100%
theshell	71,338,679,765	15%
justtryme90	634,423,643	35%
mammasitta	25,740,087,343	7%
gerber	3,642,557,957	2%
daan	51,517,985,761	8%
ezzy	77,882,850	2%
nascimentoab	2,898,740,481	35%
kendewitt	210,842,064,874	100%
arcange	767,621,569,422	5%
exyle	17,223,686,594	2%
raphaelle	6,294,500,437	5%
joshglen	4,260,929,190	35%
psygambler	5,585,367,590	35%
randomblock1	4,272,433,768	70%
oldtimer	994,144,988	23%
whatsup	533,176,252,842	100%
roguewriter	1,143,604,698	35%
dashfit	8,002,983,118	35%
hoboway	872,781,492	35%
daj	689,647,396	35%
walterjay	5,960,996,452	0.5%
qubes	40,546,834,965	25%
chesatochi	264,494,727,105	50%
newhope	3,409,694,669,572	30%
themadgoat	4,263,772,371	25%
steemitboard	39,044,766,183	5%
ihsan19	818,617,463	70%
privex	4,441,750,316	4%
yuslindwi	995,076,664	35%
sixexgames	4,202,222,516	35%
danielsaori	895,784,327,912	100%
ganjafarmer	5,579,268,588	5%
eirik	2,419,468,357	100%
lordneroo	30,404,675,174	100%
more4less	3,640,366,671	70%
thatsweeneyguy	606,365,442	100%
l337m45732	16,174,778,754	20%
dune69	1,888,466,621	1.9%
iansart	3,758,379,542	2%
forykw	11,192,096,519	1%
opinizeunltd	25,030,994,808	75%
mrstaf	1,380,200,961	35%
done	312,706,772,930	25%
steemrant	399,812,863,181	40%
trumpman	937,080,290,250	50%
bitcoinflood	219,454,984,730	10%
slefesteem	573,750,590	35%
friesennerz	1,798,244,838	35%
firstamendment	61,583,423,436	50%
ricko66	2,253,422,646	100%
joeyarnoldvn	597,069,920	1.76%
deniskj	4,000,363,728	100%
jaraumoses	15,653,918,637	100%
ruth-girl	227,718,045,265	50%
forexbrokr	34,886,178,575	50%
makrotheblack	3,174,184,180	35%
runicar	2,135,497,032	30%
eturnerx	130,401,562,925	4.3%
blackmagic	2,721,865,231	70%
pixelfan	48,794,607,252	5.8%
urchice	639,278,811	35%
fatherfaith	831,505,131	35%
steps	87,875,352,236	29%
colmedwardsphoto	3,941,411,505	70%
guurg	61,921,794,325	21%
jasonbu	1,590,906,220	2.5%
jeanlucsr	1,201,856,635	2%
tesaganewton	20,634,098,414	50%
pardeepkumar	609,157,451	30%
pearlumie	1,420,702,003	35%
nascimentocb	513,032,260	35%
onyi	532,397,710	56%
knightwarrior	1,387,713,205	35%
felander	9,390,613,486	2%
thaiteam	61,656,350,427	100%
vlemon	293,203,963,264	75%
hundlola	538,483,292	35%
yogacoach	343,498,940	2%
tezzmax	1,983,498,267	35%
drax	198,982,950,901	40%
tochprince	1,255,623,775	35%
sawcraz.art	16,439,310,376	100%
simplifylife	225,552,585,795	100%
fatman	7,985,614,020	2%
gnarlyanimations	1,251,523,891	70%
takeru255	1,804,203,203	100%
steemmatt	99,737,600,883	100%
tolarnee	835,418,894	35%
bcrafts	1,525,735,650	14%
airmarshalob1	534,763,322	70%
toocurious	12,763,033,188	100%
saifulanwar	615,886,461	35%
steemseph	10,956,141,062	10%
bhoa	17,814,629,749	100%
silasvogt	586,692,911	35%
bartosz546	36,889,309,328	35%
liverpool-fan	2,504,817,959	35%
battebilly	10,475,894,543	35%
airhawk-project	1,880,168,831	70%
acolucky	1,012,966,037	100%
karinxxl	27,781,678,906	50%
odebgaming	846,548,472	70%
mightpossibly	151,167,806,278	100%
kdee916	5,060,861,937	35%
diverse	176,186,755,037	100%
kerry234	636,958,935	70%
paulmoon410	543,086,454	10%
fredkese	2,330,633,301	20%
marvel1206	501,072,131	35%
mirfaner	580,683,638	70%
chekohler	3,123,425,683	10%
tboyloyal	947,804,243	35%
hrhmikelength	963,656,808	35%
berkaytekinsen	1,560,482,264	70%
motivatorjoshua	1,508,824,495	70%
mytechtrail	40,670,205,644	10%
mhm-philippines	715,154,209	35%
ocupation	35,275,496,312	30%
elderson	1,761,221,221	2.5%
xanderslee	4,748,617,360	70%
enjoyy	745,048,727	35%
iptrucs	17,651,766,910	25%
mikitaly	8,610,086,281	80%
amarbir	1,175,256,416	50%
funshel	684,982,419	35%
purapapita	2,240,800,996	100%
enjoyinglife	11,828,012,044	30%
tomatom	7,788,743,554	35%
akumar	1,857,005,349	70%
daltono	448,828,342,390	20%
azmielbanjary	2,886,024,240	35%
thedrewshow	542,573,900	70%
sholly1	3,568,436,841	28%
eprolific	5,530,272,307	70%
osarueseosato	3,533,448,329	70%
admiralsp	503,886,637	70%
airhawk-exchange	1,611,906,925	70%
culgin	547,977,638	30%
mrxplicit	1,057,774,631	70%
steemboat-steve	1,651,371,308	17.5%
portugalcoin	13,037,725,466	15%
omg-is-biology	748,230,681	100%
cheesom	634,433,625	35%
mistakili	96,868,024,462	100%
gabyrutigliano	2,664,448,591	100%
oredebby	2,555,299,036	50%
anderssinho	9,194,741,981	100%
photohunter2	654,763,146	35%
preciousimo	1,308,430,097	70%
elektr1ker	651,017,116	15%
sportsconnect	4,877,982,587	70%
aotearoa	31,409,917,054	50%
russellstockley	9,229,801,446	10%
dwayne16	67,796,209,499	35%
joshh71390	1,914,890,710	35%
jglake	5,445,498,843	20%
sodrill	723,784,000	56%
atjehsteemit	651,996,402	35%
reazuliqbal	9,938,360,283	2%
wisejg	675,770,846	100%
sunshinebear	1,144,218,596	35%
nucleus-tezz	1,438,106,295	35%
bestboom	506,424,328	2%
onepercentbetter	67,408,560,797	50%
botefarm	11,475,621,985	70%
d-zero	8,677,292,280	10%
carloniere	697,331,955	70%
paragism	915,071,474	50%
flaxz	1,771,712,130	3%
laviniatherapist	2,915,691,301	59.5%
blainjones	1,972,007,432	1.5%
bookoons	558,993,273	35%
elizabeth-22	17,716,263,249	35%
lordbutterfly	406,196,339,290	100%
gifty-e	497,647,539	70%
achimmertens	5,431,208,377	2.5%
jacksondavies	1,846,253,402	35%
ashley4u	2,015,890,274	35%
thomaskatan	1,407,344,609	49%
amirtheawesome1	6,030,004,230	25%
steem.services	1,237,544,207	0.5%
netzisde	767,158,186	35%
enforcer48	166,349,515,759	20%
rachelleignacio	857,348,575	35%
trisolaran	20,236,974,381	35%
oldmans	6,306,341,613	10%
steliosfan	183,863,142,215	100%
wolfofnostreet	16,426,435,075	100%
uche-nna	148,122,556,382	100%
dawizy	1,237,081,740	56%
drawing4life	1,512,699,207	100%
decepticons	830,394,781	30%
hardaeborla	5,158,551,541	35%
ihal0001	699,736,535	35%
goldbuyer	106,436,295,477	60%
mayib	531,785,750	35%
davidric	633,317,520	100%
evegrace	5,853,646,824	100%
femseen	969,645,922	70%
agathusia	864,327,886	100%
steemian258	4,170,734,815	35%
mayorfaruk	2,598,592,460	21%
juanhobos	583,116,270	35%
montanacellist	2,969,713,470	35%
mastersa	1,760,985,080	35%
ezunjoshy	1,393,031,984	35%
cyberspacegod	1,422,228,499	100%
yestermorrow	4,074,857,505	10.5%
marivic10	750,722,449	2.5%
horriblesteemian	6,752,376,720	50%
cynicalcake	972,156,662	35%
indianapatt	2,316,940,548	100%
riottales	600,694,157	35%
dlike	6,397,131,092	2%
minimining	6,069,784,645	50%
pboulet	1,650,078,444	0.8%
lamprini	1,107,183,080	100%
perazart	2,821,001,365	100%
dosh	514,517,898	5%
jenniferjulius	1,571,327,163	35%
paololuffy91	512,576,389	28%
anira.art	3,441,208,849	100%
angoujkalis	883,068,863	35%
predict-crypto	2,519,737,996	1.4%
bullinachinashop	2,222,159,048	50%
edward-abu	616,831,706	70%
topworlds	4,338,856,293	63%
marvinix	1,209,952,191	28%
followjohngalt	718,184,140	1.9%
geekdancing	14,171,018,094	100%
ennydee	576,079,782	35%
starbooks	2,217,317,087	35%
svirus	16,645,558,441	100%
sbi10	38,293,240,171	49.04%
veronik28dic	2,143,447,424	100%
yuba.wallace	577,575,570	50%
orphansofdoom	584,646,213	50%
musicfan	653,275,860	50%
drugsarebadmkay	2,229,815,549	50%
martinstomisin	2,297,212,639	35%
shainemata	5,927,359,065	5%
kakakk	16,375,385,673	100%
steemegg	9,855,631,521	35%
jtm.support	2,517,862,623	35%
kaux	1,189,561,135	100%
a1004	1,789,123,969	100%
idiosyncratic1	52,841,654,258	100%
blackbird24	1,383,902,836	100%
ava77	764,681,948	17.5%
parth7878	1,161,240,241	35%
thelogicaldude	11,884,247,576	10%
filosof103	10,436,269,140	35%
hungryanu	1,390,688,034	21%
krunkypuram	2,738,625,321	75%
zackarie	755,036,430	35%
swirly	3,677,188,168	35%
solairitas	215,629,560,304	50%
rollingbones	1,228,859,948	100%
deeanndmathews	6,655,715,115	10%
bastter	1,659,942,182	25%
digitalmack	929,664,680	35%
ctrpch	4,768,270,938	10%
oxoskva	2,959,200,698	100%
thisisawesome	85,399,053,865	15%
psyo	3,983,378,015	35%
steem-key	2,730,254,103	100%
tomlee	9,838,069,335	35%
steem.leo	2,276,772,128	2%
mindtrap-leo	540,348,466	23%
sports.central	6,106,057,670	100%
hyborian-strain	816,833,979	10.5%
maddogmike	11,837,610,234	10%
thranax	2,210,188,988	35%
successchar	9,525,159,979	35%
elianaicgomes	3,624,704,634	5%
leotrail	3,942,241,839	100%
bilpcoinrecords	651,396,201	15%
enison1	672,559,679	100%
sandymeyer	491,665,171,995	20%
atheistrepublic	72,392,073,116	35%
sumatranate.leo	5,384,433,131	100%
sacrosanct	12,047,296,929	30%
hjmarseille	2,171,260,306	49%
dalz2	1,120,806,838	100%
arsenal4life	4,328,051,455	100%
ribary	667,765,147	1%
im-ridd	741,165,684	35%
disagio.gang	579,067,746	35%
mice-k	139,185,547	2%
solairibot	40,458,624,425	50%
mengene	496,155,820	35%
davidlionfish	32,132,163,583	100%
zeusflatsak	741,280,322	5%
ukulima	64,874,110,731	5%
spiritking	749,631,264	100%
laruche	40,876,526,671	1%
ykretz	2,346,942,798	5%
jskitty	211,052,543,495	100%
janaliana	1,682,206,838	20%
mynima	865,293,944	75%
f0x-society	1,344,206,637	50%
peterpanpan	6,158,719,222	7%
behiver	288,365,349,172	100%
hivexperiment	954,687,801	100%
hodlcommunity	2,010,110,395,363	100%
dcityrewards	55,729,319,521	2%
holoferncro	14,112,071,561	10%
gradeon	2,360,938,184	10%
louis00334	1,361,394,202	35%
hivelist	39,653,555,401	10%
defi.campus	12,843,147,757	50%
abkevwe	648,874,774	35%
hivehustlers	58,218,304,008	20%
daniky	60,610,329,189	70%
hive-homeland	1,475,697,816	35%
jsalvage	695,659,445	35%
filosbonus1	1,564,249,681	35%
ilovegames	4,430,399,046	14%
nikoleondas.leo	610,322,890	100%
hive-data	44,440,599,782	10%
poshtoken	1,329,506,870,840	33.33%
tajimkhan	1,357,134,188	35%
spirall	718,794,942	50%
myupvote2u	1,638,791,004	50%
great-a	9,094,770,033	100%
ctpsb	261,709,105,356	20%
brettpullen	639,331,854,689	17%
gallatin	15,168,143,748	100%
casilokodesing	792,860,652	35%
eniola1990	526,251,592	35%
curatorcat.leo	5,133,319,302	80%
blezyn	5,273,222,683	50%
jff7777	928,782,446	100%
drax.leo	4,452,573,117	20%
jmsansan.leo	32,202,680,160	25%
ibkdagreat	3,973,718,986	70%
dcrops	5,994,536,328	1%
lancergrows	748,553,049	35%
vonzeppelin	1,311,498,729	35%
hykss	1,027,990,727	50%
shamzy	1,238,591,479	35%
b0s	28,806,889,730	100%
trumpikasleo	687,355,327	100%
hykss.leo	591,313,456,242	67%
belemo.leo	2,576,634,864	100%
curatorcat.pal	6,224,001,867	100%
brando28	16,607,771,877	100%
chamathleo	2,079,683,204	100%
arunbiju969	644,704,093	14%
nanggroe1	1,364,905,334	35%
luckyali.ctp	510,386,959	20%
finguru	41,851,228,701	80%
star.leo	695,703,788	23%
tomlee.sports	503,605,401	35%
din0baba	803,990,706	35%
robvector	45,986,001,273	35%
proofofbrainio	42,662,404,365	33%
baby.belecious	2,170,058,405	100%
clicmaster	491,750,173	100%
eythorphoto	10,646,888,508	35%
horstman5	555,755,891	25%
porsuk	592,926,684	70%
maxelitereturned	1,695,010,798	35%
investing-dude	355,636,910,252	100%
counterterrorism	1,750,275,891	35%
chuxter	942,029,768	35%
scholaris.pob	4,425,720,562	100%
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kayntan	2,287,952,218	35%
waivio.curator	1,681,858,126	3.14%
kwskicky	984,524,534	35%
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uybee	961,846,069	100%
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rngeezus	515,480,486	80%
listnerds	85,558,461,912	20%
india-leo	2,676,483,241	50%
hivefolks	478,795,490,180	100%
zerofucks	1,113,210,315	100%
netvalar	4,644,351,764	70%
ctp-curator	1,790,107,398	100%
leo-curator	1,425,694,323	100%
pob-curator	0	1%
neoxag-curator	0	1%
bee-curator	1,866,105,074	100%
vyb-curator	0	1%
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mrprofessordaily	8,580,108,768	100%
hurtlocker	3,944,975,023	7%
conodev	1,242,639,669	100%
movebitch	649,454,827	100%
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ctptips	4,376,006,831	15%
giotists	2,424,453,228	50%
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@b0s · Jul 3 '22

RE: The FUD machine is working overtime

The amount of fud these days Is crazy, and those against crypto are spreading it with fake news. It's good to always verify news before believing and spreading. The meme is funny though :)

!1UP 

Posted using [LeoFinance Mobile](https://leofinance.io)

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@chesatochi · Jul 3 '22

They are opportunities when the bear market appears in any market.

👎 spaminator

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@curation-cartel · Jul 3 '22

![1UP-PIZZA.png](https://files.peakd.com/file/peakd-hive/curation-cartel/23xediR4hotaNsS5pUJrmYVg3YGeTLpui41uCij2jhUDZ4uFT84zoGJf8a8VnfELXLJgt.png) |  <div class="phishy"><u><h4>You have received a __1UP__ from @b0s!</h4></u></div> The @oneup-cartel will soon upvote you with:<hr> __@leo-curator, @ctp-curator, @bee-curator, @vyb-curator, @pob-curator, @neoxag-curator__ <hr>_And they will bring !PIZZA 🍕._
-|-

<sup>[Learn more](https://peakd.com/hive-102223/@flauwy/the-curation-cartel-1up-trigger-smart-voting-mana-and-high-delegation-returns-for-14-different-tribes) about our delegation service to earn daily rewards. Join the Cartel on [Discord](https://discord.gg/mvtAneE3Ca).</sup>

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@forexbrokr · Jul 3 '22

RE: The FUD machine is working overtime

> Forget Luna, if Kucoin or any exchange of that size actually goes under, the entire market is going to be properly screwed. Not SBF bailout fund screwed, I mean epic disaster that will make the current market seem like a cakewalk.

THAT is fud.

Crypto exchanges are nothing more than companies based in very specific jurisdictions.

Companies come and go, some make profit and some go bust.

Exchanges WILL be a part of this and the crypto market will continue functioning.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-belemo-3wsh9t)

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@belemo · Jul 3 '22

I agree but in the short term at least, the market will be toasted

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@india-leo · Jul 3 '22

Indiaunited Curation 1656842705245

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>

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@latinowinner · Jul 3 '22

we all need to verify information and do own research

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@pizzabot · Jul 3 '22

<center>PIZZA! 


PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments:
@curation-cartel<sub>(12/20)</sub> tipped @belemo (x1)


<sub>You can now send $PIZZA tips in <a href="https://discord.gg/hivepizza">Discord</a> via tip.cc!</sub></center>

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@poshtoken · Jul 3 '22

$0.02

https://twitter.com/belemo__/status/1543530190630002693
<sub> The rewards earned on this comment will go directly to the people( @belemo ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

👍 belemo, pappyelblanco

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