"Crypto people are criminals" Seun Kuti.

[Ishicryptic]

An adage says that what you don't know is bigger than you, if you go into a business without proper research, it is likely that you can make avoidable mistakes. Many people think that crypto trading is a get rich quick scheme because of what they hear on social media and from what people that don't have trading experiences tells them. When they lose all their money due to inexperience they will call cryptocurrency a scam. People that have not taken their time to learn about technical analysis of trading and be mentored by experienced traders are no different from gamblers who are depending on luck to make profits.

Seun Kuti's labelling of crypto people (traders) as criminals shows that he doesn't know anything about crypto trading. If he knew that cryptocurrencies are volatile he wouldn't be blaming innocent traders for his sister's lose of 50 million naira in trading, according to him.

People that are looking for where to make quick money should understand that crypto trading is not a shortcut to riches. It is a risky business that people don't need to rush into because they have heard that others are making easy money from it.

Source:  https://phoenix-browser.com/Je5rYkvfn2e

[Charles-Tim]

Because his sister lost $50 million, he said crypto people are criminals. He should understand the risk involved before investing on those pump and dump coins.

Why no invest in bitcoin if they want a coin that is not pump and dump? Why not make proper research?

But if we should tell the truth, pump and dump scheme is not something good. I think Davido coin and others supposed teach many people a lesson

$50 million is not a small amount of money at all. So sorry for the loss.

[bestcandy]

An adage says that what you don't know is bigger than you, if you go into a business without proper research, it is likely that you can make avoidable mistakes. Many people think that crypto trading is a get rich quick scheme because of what they hear on social media and from what people that don't have trading experiences tells them. When they lose all their money due to inexperience they will call cryptocurrency a scam. People that have not taken their time to learn about technical analysis of trading and be mentored by experienced traders are no different from gamblers who are depending on luck to make profits.

Seun Kuti's labelling of crypto people (traders) as criminals shows that he doesn't know anything about crypto trading. If he knew that cryptocurrencies are volatile he wouldn't be blaming innocent traders for his sister's lose of 50 million naira in trading, according to him.

People that are looking for where to make quick money should understand that crypto trading is not a shortcut to riches. It is a risky business that people don't need to rush into because they have heard that others are making easy money from it.

Source:  https://phoenix-browser.com/Je5rYkvfn2e

Seun Kuti just say that out of emotion considering the fact that he or his close sibling might have lost a significant volume of investment in cryptocurrency but irrespective of that many investors are still making good profit from their cryptocurrency investment.
Some people tend to condem certain investment when it does not favour them without making a good research to know the reason for their failure.

[Son Of Blockchain (SOB)]

Because his sister lost $50 million, he said crypto people are criminals. He should understand the risk involved before investing on those pump and dump coins.

Why no invest in bitcoin if they want a coin that is not pump and dump? Why not make proper research?

But if we should tell the truth, pump and dump scheme is not something good. I think Davido coin and others supposed teach many people a lesson

$50 million is not a small amount of money at all. So sorry for the loss.

From Seun's statement, one could tell that he knows nothing about Cryptocurrency cause if the does he should've known that his sister channeled her attention to the wrong Cryptocurrency, you're right Charlse,she invested on a pump and dump coin then a rug pull occurred, all those coins are highly risky.
 Investing #50m in Bitcoin would've gone a long way after a complete circle and Seun won't see any reason to speak out of emotions and referring to every crypto enthusiasts as criminals. Well, asides investing in shitcoins maybe she might have gone into forex trading and probably lost, it's makes me wonder if #50m is her spare cash and why she'll invest that heavily on risky stuffs.

[Zanab247]

You can only hear such things from those who don't have crypto knowledge but they want to earn massive profits from crypto trading because they see crypto trading as an easy place to earn profit without the knowledge of crypto trading. I heard something like this from someone that was very close to me some years ago, that crypto users are scammers that the moment someone put money in crypto the price will begin to go down in a way the person that put the money will not recover from the trading, but after his explanation I knew that he didn't have the knowledge of crypto before investing money in crypto, which is the reason he lost what he lost in crypto but he claim crypto users are the one that stole the money.

I believe we in this forum no that crypto people are not criminals, but there are some people over there using the name of crypto users to scam people, for them to believe that crypto users are criminals which is not true.

[SmartCharpa]

Everything Seun Kuti is saying against cryptocurrencies because of his sister, who lost a lot of money in crypto, is based on a lack of understanding; Seun Kuti and his sister, who lost so much money, know nothing about crypto. There is a saying that "Riches are still the ones making more money," yet it is obvious that you need to first know about something in order to make more money. Some celebrities just entered social media and referred to cryptocurrency as fraud and gambling, but he failed to figure out what type of investment her sister made with her money.

When the same thing happened to Mark Angel's comedy, we were aware he trusted the wrong individual and lost money on FX trading, but we don't know what project Seun Kuti's sister put her money in to get duped. This is why they say knowledge is the key to success, many individuals believe they can begin investing without carrying out serious research since they are already wealthy, and no one will ever beyond some level of learning. I feel sad for her, and she has made a serious financial mistake.

[Mate2237]

You're actually right because anyone who is labelling people who are into crypto currency as criminals don't actually know what crypto currency is all about and the risk factors involved in it if seun kuti is saying this because of what his sister went through due to the fact that she lost money he is ignorant of what crypto is all about he must have asked critical questions to his sister when she wanted to go into crypto trading wether she has the requisite skill in terms of training and knowledge to engage in crypto currency trading on her own because one thing with crypto currency is that knowledge is everything so if someone doesn't have the knowledge to engage in trading them it is sure that the person will loss at the end of the day


More awareness needs to be created due to the fact that even among those who are into crypto currency there's a high level of ignorant people who don't has a full grasp of what crypto currency is all about especially when it comes to trading and the technicalities involved in crypto currency so crypto currency is not a scam and has never been a scam from the biggining it is just ignorance and lack of sufficient information on the part of people who are into crypto trading

[Ndabagi01]

Because his sister lost $50 million, he said crypto people are criminals. He should understand the risk involved before investing on those pump and dump coins.

Why no invest in bitcoin if they want a coin that is not pump and dump? Why not make proper research?

But if we should tell the truth, pump and dump scheme is not something good. I think Davido coin and others supposed teach many people a lesson

$50 million is not a small amount of money at all. So sorry for the loss.

Eh eh, what is he saying about crypto because the sister lost a huge amount of money to it, he should be ashamed of coming to a conclusion like this without asking the people that knows more about it on the reason why the sister loss such an huge amount of money to crypto. They were naive and thought crypto is a get rush quick scheme without realising the other side of it if you didn’t understand and trade with it with caution. Another lesson learnt and I think this will serve as a lesson to many people that are looking to also join crypto mainly for this purpose without any prior research on the coin they want to invest into

[Y3shot]

Because his sister lost $50 million, he said crypto people are criminals. He should understand the risk involved before investing on those pump and dump coins.

Why no invest in bitcoin if they want a coin that is not pump and dump? Why not make proper research?

But if we should tell the truth, pump and dump scheme is not something good. I think Davido coin and others supposed teach many people a lesson

$50 million is not a small amount of money at all. So sorry for the loss.

$50 million is such a huge money for one to invest in sometimes you don't even have a better understanding about. The mistake most people always make, they go into investment like this and not trying to know the risk that is involved.  I'm sure she never knew this is too risky if not she would not have invested such an amount. If people try to understand what they are going into , I'm sure they will have to make a good decision on what to invest and even if the investment turns to be unprofitable at last they won't be surprise about it because they already know anything can happen along the line.

[Salahmu]

Are you sure they did not even purposely loss the 50 million naira just to create the publicity that crypto is bad for everyone in the country because I don't  no why as big and mature he is he could not understand what accepting the results of action means because when you no that there is risk in what you are doing, you should also take the fall if it goes South, actually most people in our country who is educated doesn't behave like one at all, all this kind of situation of losing of something and blaming it on cryptocurency doesn't makesense compare to outside Nigeria. Seun Kuti needs to withdraw that statement on cryoyocurency because is a little kids that act that way.

[Marykeller]

When I watched Seun Kuti's outburst about crypto being a scam, I was laughing out loud because this is how those who don't understand crypto to be volatile, react each time they lose terribly in their crypto investment.

By the way, who's Seun Kuti blaming for her sister's 50 million loss. Is it crypto investors who invested the same way her sister does? Thank goodness this outburst of crypto being a scam by Seun Kuti can't hold water or make many people address crypto as a scam.

Those who invest wrongly or try to be greedy are the people who experience losses from crypto investment. Seun Kuti's sister can be said to be one of those investors who invested wrongly in crypto coins, expecting a short-term profit, and it backfires.

Anyway, it's quite unfortunate that Seun Kuti has shown this level of ignorant act to discredit crypto Investment as a scam. I don't expect him to come out openly to verge his anger towards crypto investors without understanding how crypto investment is.

[OfficialGratejoy]

Yeah I came across seun kuti's post,where he was lamenting that cryptourrency is a scam,well he said it out Of emotion not really his mind I gest,even if it's your sister that lost 50m in crypto you too we talk,but that's not the matter.the problem is that people don't just want to go for the real knowledge before enbacking on the crypto junney,if they lose money they call it scam,but they hit it big now testimony go follow,testimony without knowledge,maybe seun kuti's sister done go copy trade wey land  her for hot pot,that's the truth.

[BIT-BENDER]

If anyone is following and Believing any knowledge a celebrity throws just because they are a celebrity then they need to have a rethink. I use to tell everyone that not all celebrity are intelligent and this Seun kuti case is an example.
I have watched the video over and over again and he never gave an instance as to how his sister lost that amount of money in crypto-currency.
I don't think he understands how crypto-currency works and how vast the terrain is. His sister may have also made so many mistakes and errors that were costly for her this does not Warrant any of his claims against Crypto-currency. Whatever happened to his sister could easily occur even outside of crypto-currency.

[Obim34]

If we should exclude Bitcoin as part of crypto then to some extent he is saying the truth.

This is something to be clear about, there has been more scams in crypto that even those who are knowledgeable will still have to admit that majority of the newly projects and crypto are just basically a scam profile created to suck it's investors. If we totally deny and just blame everything on volatility, dump or bear then mean we are also trying to deceive ourselves and everyone. What i must say is just for everyone of us to be careful, not all crypto are scams but the greater percentage are all fake.

If he's referring to trading in particular then he is totally wrong, who traded for her and on what basic understanding does his sister verily associate herself with trading activities, clearly he knows not too well about cryptocurrencies in general for him to make such statement.

I haven't watched the video, OP should have done better dropping the video so those who haven't can watch.

[Davidvictorson]

Someone who uses the word "crypto people" should be you signal to know that that person is uneducated and uniformed in anything about crypto. That goes to same the same for his sister. I am not happy that his sister had to lose that big amount of money but this is what happens when you think it is a venture you embark on to get rich over night and double your money. It is people who want to cash out from all these memecoins and whathaveyou that lose the most. It's just that some of our celebrities are not as influential, if not Dem for don do wetin Davido already did, to create other own coin and become more wealthy at other people's expense.

[Sonia_123]

An adage says that what you don't know is bigger than you, if you go into a business without proper research, it is likely that you can make avoidable mistakes. Many people think that crypto trading is a get rich quick scheme because of what they hear on social media and from what people that don't have trading experiences tells them. When they lose all their money due to inexperience they will call cryptocurrency a scam. People that have not taken their time to learn about technical analysis of trading and be mentored by experienced traders are no different from gamblers who are depending on luck to make profits.

Seun Kuti's labelling of crypto people (traders) as criminals shows that he doesn't know anything about crypto trading. If he knew that cryptocurrencies are volatile he wouldn't be blaming innocent traders for his sister's lose of 50 million naira in trading, according to him.

People that are looking for where to make quick money should understand that crypto trading is not a shortcut to riches. It is a risky business that people don't need to rush into because they have heard that others are making easy money from it.

Source:  https://phoenix-browser.com/Je5rYkvfn2e

This is what we are saying, you don't want to learn or know the genuine crypto which you are to invest,you just need a bigger money, then you rush into it and start calling people names, because of your inability to detect the truth and false.
Knowledge of cryptocurrency is not only necessary for crypto traders or those into it ,an individual can have the knowledge in other to protect himself and family from scammers and crypto fraudsters.
Seun Kuti generalizing is sister's loss is uncalled for,what if she has the right source and won, will he come publicly and announce his cash worth from cryptocurrency . He still have more time to learn.

[Coyster]

I can't stand that guy, always talking rubbish IMO, and i am not just talking about this crypto stuff he said, anytime wey him set camera, the next thing is for him to start ranting like he is "Mr know it all". He is not worth discussing, whoever he knows who lost money in crypto was prolly greedy and the fault is on the person. You dey chase quick money, you no do research, you no even know wetin you buy, you just wan double your money, why won't you fall into the hands of scammers.

[Jaycoinz]

Well this kind thing na normal to hear from people wey no really get the full insight about crypto and the thing be say there are the one's who always fall to the victim of these scams and na because clear and proper knowledge no dey about the space. I believe the reason seun dey talk all these things na because say he dey feel the pain of the loss of that money which no be chaise money sha.

[Stable090]

An adage says that what you don't know is bigger than you, if you go into a business without proper research, it is likely that you can make avoidable mistakes. Many people think that crypto trading is a get rich quick scheme because of what they hear on social media and from what people that don't have trading experiences tells them. When they lose all their money due to inexperience they will call cryptocurrency a scam. People that have not taken their time to learn about technical analysis of trading and be mentored by experienced traders are no different from gamblers who are depending on luck to make profits.

Most people wey go come online Dey go come Dey call crypto scam no really sabi wetin crypto even Dey about, most of dem Dey go invest in all this shit coins, and if dem lose money, they go come Dey blame bitcoin for the mistake wey dem make, and dem fit avoid am, but since na quick money dem Dey look for. I hear say him sister lose money for crypto, but na all dis meme coins na him she go put money, and she lose money, she come Dey complain.

If we wan invest in crypto, first thing wey we suppose know be say make we get proper knowledge about crypto first, we no suppose just jump into crypto investment, we suppose sabi plenty things before investment, because we might end up losing money even after investment. We suppose know coins wey we go put money, and d one’s wey we no suppose put money, we suppose sabi wallet wey we go use, and how we go take Dey secure our wallet.

Seun kuti no sabi Wetin crypto Dey about now, him just Dey talk base on Wetin happen to him sister wey him see, and him no even care to do research about where him sister get things wrong, him self just conclude say crypto na scam.

[RockBell]

Yeah I came across seun kuti's post,where he was lamenting that cryptourrency is a scam,well he said it out Of emotion not really his mind I gest,even if it's your sister that lost 50m in crypto you too we talk,but that's not the matter.the problem is that people don't just want to go for the real knowledge before enbacking on the crypto junney,if they lose money they call it scam,but they hit it big now testimony go follow,testimony without knowledge,maybe seun kuti's sister done go copy trade wey land  her for hot pot,that's the truth.

And seun was so serious and he was not even the one that was scammed but I know how painful it is ti be scammed and he lacks knowledge of the investment and that is why he was making a lot of comments about bitcoin and he was making to much noice I didn't even pay attention to the video and he did not ask his sister if he actually have knowledge of what she invested are money in and you didn't even encourage her to invest in bitcoin but maybe in meme coin.

And countless times they have won people to stop investing meme coin but just because of how greedy they have become if not why would she have invested such an amount in such a coin when there are other legitimate coin to buy should would have calculated are profit no know they were cooking for are I wonder the level of depression she would have gotten her self into.

And seun only was talking according to the knowledge he has and I won't blame him for anything but he should go and do proper research and then keep quiet.