THELOGICALINDIAN - The architect of Barstool Sports Dave Portnoy has appear a video area he best SafeMoon as his shtcoin of best Portnoy said he purchased 40k account of SafeMoon as a barrier adjoin the airiness of Bitcoin
My shitcoin announcement. Invest at your own risk. I accept no abstraction how this works pic.twitter.com/G1iW8iZTWG
— Dave Portnoy (@stoolpresidente) May 17, 2021
However, accepted crypto YouTuber Lark Davies continues in his calls that SafeMoon is a Ponzi scheme. A ages ago, as SAFEMOON was alarming up, Davies acquaint a cheep in which he likened it to the best abominable betray in crypto history, Bitconnect.
Dave Portnoy Diversifies Into Alts
Portnoy is best accepted as the architect of the sports and pop ability blog Barstool Sports. But he began accepting acceptance for live-streaming his banal trades.
A little beneath a year ago, Portnoy beyond over into the apple of crypto by allurement the Winklevoss twins to advise him about BTC in a alive stream.
In February, he exited his Bitcoin position afore it pumped to $51k, missing out on the assets as a result. He responded by discharge on amusing media, saying he will never rebuy Bitcoin.
“I’m never affairs Bitcoin. Never never, I don’t accept a affair about it. But I do anticipate it’s profitable, and I anticipate there’s abundant beef that it may aloof abide to go up forever. But I don’t buy the basal clutter abaft it.”
Despite that, Portnoy did buy aback into Bitcoin.
More recently, he has angry his absorption to alts, which is, as he claims, a acknowledgment to the Elon-FUD of the accomplished week. In a amusing video, the Barstool President narrowed bottomward his best of alts to six, eventually announcement SafeMoon as his pick.
“It’s time for me to accept a side, and I’ve done that. Here we go, DOGE, ASS, Litecoin, SafeMoon, SHIBA, HOGE. The new brand of sh*tcoins, and I’m activity to aces one and I’m activity to become the leader. I’ve already purchased $40,000 of the coin…”
Davies Warns Off Investing In SafeMoon
As “leader” of SafeMoon, Portnoy said he would not advertise in the abreast term. Adding that he will “ride it to the stratoshpere or hell on earth.”
However, Portnoy’s analysis methods leave a lot to be desired. On answer his choice, he said it could be a Ponzi scheme. But he brand the chat moon.
More worryingly, he recommends accepting in now, adage it’s the aboriginal buyers that airing abroad in accumulation should SafeMoon collapse.
“Why? I don’t apperceive f*cking why, it could be a Ponzi scheme. I like the chat moon because that’s area I appetite to go so I’m affairs SafeMoon. I additionally like how every f*cker is affairs out there, you get a 10% amends that disperses 5%… Ponzi, Ponzi, Ponzi. It’s early, if it is a Ponzi, get in on the arena floor…”
In acknowledgment to the video, Davies accuses Portnoy of announcement a Ponzi scheme.
“Paper easily Dave is now announcement the #safemoon ponzi scheme…. yeah, that is about on cast for him.”
Davies concedes that bodies may accept fabricated money on SafeMoon. But the bearings is no altered from Bitconnect. Back then, bodies who alleged out Bitconnect were attacked. But back the rug cull came, best absent out.
