The founder of Barstool Sports, Dave Portnoy, has released a video clip wherever he picked SafeMoon as his sh*tcoin of preference. Portnoy said he procured $40k truly worth of SafeMoon as a hedge versus the fragility of Bitcoin.
My shitcoin announcement. Devote at your individual chance. I have no notion how this is effective pic.twitter.com/G1iW8iZTWG
— Dave Portnoy (@stoolpresidente) May perhaps 17, 2021
Even so, well-known crypto YouTuber Lark Davies proceeds in his phone calls that SafeMoon is a Ponzi plan. A month back, as SAFEMOON was blowing up, Davies posted a tweet in which he likened it to the most notorious fraud in crypto heritage, Bitconnect.
Dave Portnoy Diversifies Into Alts
Portnoy is greatest regarded as the founder of the sporting activities and pop lifestyle site Barstool Sports activities. But he commenced getting acceptance for live-streaming his inventory trades.
A tiny under a calendar year in the past, Portnoy crossed in excess of into the planet of crypto by inquiring the Winklevoss twins to train him about BTC in a dwell stream.
In February, he exited his Bitcoin placement before it pumped to $51k, lacking out on the gains as a result. He responded by venting on social media, expressing he will under no circumstances rebuy Bitcoin.
“I’m never shopping for Bitcoin. Under no circumstances hardly ever, I really don’t feel a point about it. But I do think it is rewarding, and I believe there is plenty of steam that it may perhaps just proceed to go up endlessly. But I really don’t buy the fundamental junk powering it.”
Regardless of that, Portnoy did obtain back again into Bitcoin.
Additional not long ago, he has turned his notice to alts, which is, as he claims, a response to the Elon-FUD of the previous 7 days. In a humorous online video, the Barstool President narrowed down his preference of alts to 6, sooner or later asserting SafeMoon as his choose.
“It’s time for me to decide on a facet, and I’ve done that. Here we go, DOGE, ASS, Litecoin, SafeMoon, SHIBA, HOGE. The new breed of sh*tcoins, and I’m going to decide a person and I’m likely to grow to be the leader. I have currently procured $40,000 of the coin…”
Davies Warns Off Investing In SafeMoon
As “leader” of SafeMoon, Portnoy explained he would not market in the near expression. Incorporating that he will “ride it to the stratoshpere or hell on earth.”
Even so, Portnoy’s analysis methods go away a lot to be sought after. On justifying his decision, he reported it could be a Ponzi plan. But he likes the term moon.
A lot more worryingly, he endorses receiving in now, expressing it is the early buyers that wander away in income should really SafeMoon collapse.
“Why? I don’t know f*cking why, it could be a Ponzi plan. I like the term moon because that is exactly where I want to go so I’m acquiring SafeMoon. I also like how each f*cker is advertising out there, you get a 10% penalty that disperses 5%… Ponzi, Ponzi, Ponzi. It’s early, if it is a Ponzi, get in on the floor floor…”
In response to the online video, Davies accuses Portnoy of marketing a Ponzi plan.
“Paper fingers Dave is now endorsing the #safemoon ponzi scheme…. yeah, that is about on manufacturer for him.”
Davies concedes that folks may possibly have produced cash on SafeMoon. But the problem is no various from Bitconnect. Back again then, persons who called out Bitconnect have been attacked. But when the rug pull came, most dropped out.
Resource: SAFEMOON on CoinGecko.com