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Ep08- Uganda – Companion guide to BBC podcast “The Missing Cryptoqueen”

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The production team traveled to Uganda for the final episode of “The Missing Cryptoqueen.” They wanted to show how far the OneCoin scam went and what it did to its victims. The results were devastating. As happened all over the world, people in Uganda couldn’t afford to lose a single dollar and ended up falling into OneCoin and losing everything. Dr. Ruja Ignatova is a legend out there. And in this episode, we also meet people who still believe in it and the OneCoin project.

Anyway, let’s get into the episode titled “Technology and the Dream.”

Remember, you can download episodes Direct from the BBCor listen to “The Missing Cryptoqueen” at an AppleAnd the Spotifyor iVoox.

About “The Missing Cryptoqueen”, Episode 8- “Technology and the Dream”

In this interview-filled episode, the production team exposes the embarrassment and shame of the victims. Their hopes, their dreams, and the denial that led to it. The sheer scale of destruction OneCoin has caused in Uganda, people have sold everything to get into the early decks and some have taken out loans. We also learned that at the time of the recording, as it happened in Bulgaria, OneCoin was still operating in Uganda. The organization was still running, people were still investing, marketers were still recruiting.

We meet many characters, but the standout is Saturday David. He is a multi-level marketer who made a lot of money selling OneCoin, but also bought a lot himself. When interviewed by Jimmy Bartlett, he stopped selling the product but still believed in Dr. Roja. He also believed that there was a chance that the money he had put in would double as he had promised to countless people. In addition, he still believes in cryptocurrency as a concept and aims to build a crypto-friendly city in Uganda.

Announced as the final episode of the series, The Ugandan Episode ends with a brief recap of the lives and everything involved. That is until the producers tell us their “phone rang again”. An anonymous contributor called the program’s helpline and told them they were very close to finding Dr. Roja to quit. He asserted that she was in Frankfurt, and appeared to be a German lady, and was present at the Miss OneLife Contest The production crew also suspected.

Quotes from the Uganda episode “The Missing Cryptoqueen”:

The promoter gives an example of what OneCoin middle management insiders believe happened to Dr. Roja:

“It went into safer territory because OneCoin is bigger than people think. So when other people know it is fighting the current way of banking. So our leader had to sacrifice herself and go into safer territory and focus on turning the vision into reality.”

Bartlett on what Dr. Roja knew about human nature and the historical moment we live in:

Perhaps above all else, Dr. Roja understood a more difficult truth. That the difference between a straightforward scam and the complex but legal world of money and money is not as clear as we might think. OneCoin will only be possible if we live in a time when people are making millions simply by betting on cryptocurrencies, complex derivatives, and high-frequency currency trading. OneCoin makes sense to a lot of people because it makes sense.”

Bartlett on Dr. Roja being the “reverse Satoshi”:

Ten years ago, Satoshi Nakamoto invented Bitcoin, the world’s first cryptocurrency. No one knows where or even who Satoshi is, but it doesn’t matter because the idea Satoshi launched of financial freedom through technology is bigger than one person. Dr.. Roja is the inverse of Satoshi.

She also represents something, something more important than where she is. It represents the dark side of rapid technological change. Every new technology creates amazing opportunities and possibilities for people who understand it, but also an opportunity to exploit people who don’t.”

BTCUSD Price Chart for 12/20/2022 - TradingView

BTC price chart for 12/20/2022 on Coinbase | Source: BTC/USD on TradingView.com

Additional material on Uganda:

For six years, our sister site Bitcoinist mentioned Uganda regarding OneCoin While denouncing the project as a scam:

Meanwhile, OneCoin continues to sound alarm bells all over the world. The latest developments Uganda The central bank issued a general warning about the risks of investing in it, yet made no distinction between the system and good cryptocurrencies like bitcoin.”

Later, Bitcoinist did not pull any strikes during the discussion DealShaker Market:

Recently, an online “marketplace” has appeared offering products and services in exchange for OneCoins, which Bitcoinist advises readers not to use under any circumstances.

At the same time, OneCoin websiterepresenting an ‘exchange’, has finally disappeared indicating that the scam is nearing its end point.”

Episode credits

Presenter: Jimmy Bartlett
Producer: Georgia Cat
Story advisor: Chris Berube
Editor: Philip Sellars
Original music and sound design: Phil Chanel
Original music and vocals: Dislava Stefanova and the London Bulgarian Choir

A former companion guide to the BBC’s “The Missing Cryptoqueen” podcast:

Episode 01 – https://www.newsbtc.com/news/bitcoin/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Episode 02 – https://www.newsbtc.com/news/bitcoin/ep02-btc-killer-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Episode 03 – https://www.newsbtc.com/altcoin/ep03-onecoin-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Episode 04 – https://www.newsbtc.com/scams-and-fraud/ep04-onelife-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Episode 05 – https://www.newsbtc.com/scams-and-fraud/ep05-mlm-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Episode 06 – https://www.newsbtc.com/scams-and-fraud/ep06-dealshaker-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Episode 07 – https://newsbtc.com/crypto/ep07-moneyland-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/

Featured Image: The Missing Cryptoqueen's logo by the BBC | Charts by TradingView


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New research suggests that baby boomers make better crypto investors

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As a millennial, this is hard to say, but baby boomers do the coding better. They’re taking research methods used in traditional markets and applying them to crypto projects, according to a new report from Bybit and consumer research firm Toluna.

The report says that 34% of Boomers spend “a few days” doing due diligence on a project before investing – 50% more than other generations. Even more troubling, “64% of North American investors spend less than two hours or not at all on DYOR.”

Boomers are also likely to focus their research on technical factors such as tokens, revenue, and the competitive landscape. Contrast this with their younger compatriots, who are more likely to appreciate reputation items like a charismatic founder and “website aesthetics.”

This goes to show that being a digital and hands-on native is not as much of an advantage as people think. It actually pales in comparison to some of the Warren Buffet-style skills that older investors have honed over the years.

Related: 5 tips for investing during a global recession

Baby boomers are probably more likely to retire and therefore have more free time than younger generations. It’s hard to say, but it seems the best way forward for young people is to be humble and learn from their elders.

Although crypto has many distinct characteristics that set it apart from other capital markets, it still has enough in common to allow for a decent crossover in analytical skills. After all, the price of digital assets is highly dependent on the balance of supply and demand in the market, just like the traditional markets.

Digging in Technologies This can prevent the kind of bad decision making that led to big losses in 2022. Several times I felt good about buying a token based on the project white paper and the solid narrative that drove it, but I found, upon further research, that there is a lot of capital involved. The investment unleashes imports so that selling pressure will influence prices for years to come.

Newborns who are used to analyzing company numbers and calculating price-to-earnings and price-earnings-to-growth ratios can apply these skills to data from CoinGecko or CoinMarketCap. Young generations need to know why “circulating supply” vs. “maximum supply” important and why size is critical.

In fact, cryptocurrency projects that are similar to traditional value investments have held up relatively well in the bear market. Investors are becoming more aware of the difference between protocols that issue tokens as a glorious way to raise funds and those that generate revenue and share it with their holders. So-called “real-yield” crypto projects are not unlike dividend-paying companies — something boom investors may be familiar with and possibly drive some of their investment decisions.

This is not to ignore the importance of narrative and community in modern investing and cryptocurrency in particular. For example, perennial decentralized trading platforms such as GMX, Gains, and ApeX Pro benefited from the pro-decentralization sentiment after the FTX bankruptcy.

Researching this aspect requires a good knowledge of social media, especially Twitter, which is one of the main ways to reach crypto analysts, founders, and downstreamers. Investors use these tools to find the narrative, assess where the narrative is in its life cycle, and gauge overall market sentiment.

Related: Five reasons why 2023 will be a tough year for global markets

But Millennials and Generation Z don’t really have an edge when it comes to using social media to assess trends because it’s not that new anymore. it’s a Web 2Everyone already knows how to use social media. In fact, young adults are turning their familiarity with social media into a disadvantage by overestimating it as a research tool, while baby boomers are more likely to stick to the facts.

Traditional investing due diligence continues to distinguish men from boys, just as it has throughout history. As long as that happens, baby boomers will outpace the younger generations because they do more research and tend to be more patient when it comes to investing, resulting in higher returns than the younger generations, who may jump into investing without fully understanding what they are getting into. If you are looking for someone who is reliable and knowledgeable about due diligence, look no further than your parents or grandparents.

Nathan Thompson He is the lead technical writer at Bybit. He spent 10 years as a freelance journalist, covering mostly Southeast Asia, before turning to cryptocurrency during the COVID-19 lockdowns. He holds a Joint Honors degree in Communication and Philosophy from Cardiff University.

This article is for general information purposes and is not intended and should not be considered legal or investment advice. The views, ideas and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Bitcoin investor sentiment remains steady with BTC stalling at $16,000

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Bitcoin investor sentiment is deadlocked amid price faltering in the market. While the digital asset continues to hold the $16,000 level, investors retreat from the market, ensuring that there is no big move either up or down, and as a result, investor sentiment has not moved.

Bitcoin investors are still in fear

the Encryption of fear and greed It shows that Bitcoin investor sentiment has not moved much in the past month. He finished November with a score of 29 which put him right in the fright zone but since then he has been unable to break out of that trend.

The score in this indicator over the course of December ranged between 26-30 mostly, maintaining an almost straight line trend over the period. So far, the Fear and Greed Index is at a score of 28 which is up one point from last week’s close of 27.

Bitcoin Fear & Greed indicator

Fear & Greed Index trends in an almost straight line | Source: alternative.me

What this trend in the Fear and Greed Index shows is that bitcoin investors are not willing to take any risk. This is why the indicator could not move into the greed zone. On the flip side, selling sentiment has not been as strong as one would expect during a time like this. If investors were to sell more of their bitcoins, it would be obvious given that the index would slide further. Instead, it continues to maintain a roughly consistent point level, which means that the hold sentiment is now dominating the market.

Will BTC See A Recovery Soon?

Bitcoin is still finding it difficult to regain the momentum it lost over the past month. This reluctance on the part of investors to do anything with the tokens has led to the price of the digital asset following the same path as sentiment. BTC has now refused to break out from the $16,000 price level.

Bitcoin price chart from TradingView.com

BTC price maintains $16,000 level | Source: BTCUSD on TradingView.com

As a result, Bitcoin’s volatility dropped to all-time lows. So it is likely that the last two days of 2022 will follow the same trend. A recovery should not be expected in any way as the momentum will continue to decline as people take a break from the markets to celebrate with family.

Instead, it is important that BTC holds above $16,000 to close the year. Anything below this level would be very bearish and could lead to more declines in the market as the bears take control. But finishing above $16,000 strengthens investors’ resolve to hold on to their coins.

BTC is trading at $16,519 at the time of writing. Its price has decreased by 0.43% in the last 24 hours and 2.01% in the last 7 days.

Featured image by Finbold, chart from TradingView.com


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Valkyrie proposes to run GBTC – Bitcoin’s grayscale magazine

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Valkyrie Investments has submitted a proposal to take over the troubled GBTC Bitcoin trust.

“We understand that Grayscale has played an important role in the development and growth of the Bitcoin ecosystem with the launch of GBTC, and we respect the team and the work they put in,” said Stephen McClurg, Valkyrie co-founder and CIO. In a statement posted on the company’s website. “However, in light of recent events involving Grayscale and its family of companies, it is time for a change. Valkyrie is the best GBTC management firm to ensure that its investors are treated fairly.”

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