BitBoy Crypto accused of threatening class-action lawsuit lawyers

In a court filing on March 20, lawyers for the class-action lawsuit accused Ben Armstrong, also known as BitBoy Crypto, of making multiple threats against them after they filed a lawsuit against him and other FTX influencers for promoting FTX crypto fraud without disclosing compensation. The lawyers claimed that Armstrong harassed them with endless phone calls, tweets, and emails, as well as insulting and threatening posts on social media. The court filing alleged that Armstrong made up to 21 calls within a 45-minute period, leaving voicemails full of vulgarities that specifically targeted the lawyers. The voicemails also included warnings of First Amendment protesters around their houses 24/7 day and night and that the lawyers’ home addresses were being circulated on Reddit.

The court filing also alleged that Armstrong made threats to Adam Moskowitz, one of the lawyers in the class-action suit, including a message that prompted a report to authorities, warning the lawyer that “these people are dangerous” and can result in “you and your family shot.” Armstrong also allegedly called Moskowitz a “bitch” and an “unbelievably dumb mother fucker” in an email before stating that he “never even promoted FTX” and warning Moskowitz to expect a counter-suit.

The court filing claimed that Armstrong encouraged others to join the attacks and posted a YouTube video directed at the lawyers and those who bought the suit, allegedly warning them that he was “coming at them with full force.” The lawyers noted that this was not the first time Armstrong had caused threatening controversy, as he had filed and later dropped a defamation suit against fellow YouTube content creator Erling Mengshoel Jr, who goes by “Atozy.”

Armstrong filed the defamation suit against Mengshoel in response to a November 2021 video titled “This YouTuber scams his fans…Bitboy Crypto,” which alleged that Armstrong was dishonestly promoting assets to his audience for his own benefit. However, Armstrong dropped the lawsuit a few weeks later and claimed that Mengshoel had won after raising more than $200,000 for his defense in less than 24 hours.

BitBoy Crypto has not yet responded to the recent allegations made against Armstrong. The class-action lawsuit seeks $1 billion in damages from Armstrong and other FTX influencers.

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Crypto Trader Ben Armstrong Reveals His $10 Million Bitcoin and Altcoin Portfolio

Cryptocurrency trader and YouTuber Ben Armstrong is revealing the composition of his multi-million dollar digital asset portfolio.

In a new video, Armstrong says while he is heavily invested in altcoins, BTC is his largest holding which constitutes 30% of his crypto basket.

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Other crypto assets that comprise at least 10% of his portfolio are the second and fifth-largest tokens by market cap respectively.

“We have Bitcoin as 30% of our portfolio right now. We have Ethereum (ETH) as 22% and then Cardano (ADA), 10.92%.”

The eight assets that individually comprise 5.2% or less of Armstrong’s portfolio in descending order are: Polkadot (DOT), Aave, The Graph (GRT), USD, Chainlink (LINK), Ethernity (ERN), Synthetix (SNX) and Elrond (EGLD).

Other altcoins constitute about 15% of Armstrong’s portfolio combined.

Armstrong highlights that his top-three most profitable altcoins are Ethereum competitor Cardano, browser-first cryptocurrency Nimiq (NIM) and non-fungible token (NFT) project Ethernity Chain – which he predicts could become the most profitable in future.

“Our most profitable coins here are Cardano, it’s our number one most profitable coin we’ve ever had, and ERN. And I think that ERN is going to end up actually being number one here in the near future.”

The YouTuber adds that Ethereum, Aave and Tether (USDT) have incurred the largest losses in his portfolio.

“And you guys can see down here coins with the biggest losses. Aave, we kind of bought a lot at the top of that. And then Ethereum (ETH). I don’t know why it’s showing Ethereum with one of the most losses. I guess just because it’s been lagging lately.”

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Bitcoin Bull Cycle Will End on This Date, Says Crypto Trader Ben Armstrong

Crypto analyst and trader Ben Armstrong is unveiling the date he believes the Bitcoin bull cycle will come to an end.

Armstrong, known in the industry as BitBoy Crypto, tells his 635,000 subscribers that while Bitcoin is not done with its mega bull run yet, BTC holders should be prepared for its finale, because when the king coin crashes, it will drop fast.

“It has happened to countless people in 2018… I watched my portfolio grow only to be absolutely destroyed. Why? Because I didn’t understand the market psychology at that time. I didn’t understand that when you’re at your most excited point, that’s when it crashes. At that moment where you don’t want to sell the most, that’s when it’s the smart move to get out.”

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While the high-profile analyst concedes that it is impossible to know exactly when Bitcoin will top out this cycle, he does reveal that he believes it will happen during a specific two-week period.

“The most parabolic rally in the crypto cycle comes at the very end of the last month. But here’s the thing – I know when that is.

I know exactly when the Bitcoin bull run will end and while, yes, I couldn’t possibly nail it exactly on the day, we should know the date when it should end. It may end a week or two before or after, but a two-week period near the end of September is exactly when you should be looking to exit.”

Armstrong says that he derived his prediction from The Golden Bull Cycle Ratio, which is a chart created by TradingShot, a group that produces data on TradingView.

The chart relies on the Bitcoin bull cycles of the past to predict how long future bull cycles will last.

“As you can see, in the previous two cycles there was exactly a 51-49% ratio in the weekly candles between the two distinct parts of the bull run.

51% of the bull run lasts from the bottom of the market to the Bitcoin halving that occurs every 210,000 blocks produced. Then 49% of the bull run lasts from the halving date to the very top of the market.

When you work those dates out, it is 504 days from May 11th, the day of the 2020 halving… That gives you the date of September 28th.” 

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While there is of course no guarantee that history will repeat itself, Armstrong points out that this cycle looks eerily similar to that of 2017, meaning that Bitcoin’s true parabolic rally has yet to begin.

“But when you overlay the current bull run to the last one we are matching it almost tit for tat…

We’ve not gone parabolic yet so there’s no reason to believe that anything different than the normal will happen.”

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