“Bro. This old lady just came in to the bank and she in the most casual way just goes “hello can you help me? I’ve been compromised again this month. I think it’s the 6th or 7th time. Haha oh silly me these people sound so nice and polite on the phone.””

“So talking to her about what happened (she literally gave seven different people this month all of her information, bank AND personal). So we spend the time to make new accounts for her cancel her card and open a new one and literally as we’re doing all of that about to finish her cell phone rings and it’s another scammer pretending to be the ASPCA asking for a donation, and without even questioning anything she tries to give them her info before we took the phone out of her hand, and firmly said no you will not be getting any donation or personal information, and then they tried to turn it around and say they were the IRS and she owes them money so we asked for a name employee ID number, what branch/location they worked out of and they hung up and she got mad at us for doing so, and accused us of malicious intent on her because we took the phone from her and rudely spoke to “the animal lovers”. So we told her “you have been compromised 6-7 times this month, have come in to have us change all of your accounts and make new cards for you as well, and new checks. Maybe you should speak to somebody about protecting your finances better and be less trusting to strangers, if this happens again our next course of action since each time we have given you very good recommendations on how to protect your finances and given you phone numbers and names to call to help do so, and you’ve refused. At this point if it happens again we will have no choice but to close all of your accounts, your safety deposit box, and give you a check for your funds and take them elsewhere.””

“She got mad that we said that until we explained if she’s not going to let us help her we don’t want her banking with us, not only is she putting herself at risk she is also putting the bank at risk. And then she got nicer and actually took the information we’ve been trying to give her and we had her call them in front of us and speak to them as well.”

And people wonder how/why people continue to get scammed in crypto every passing months. TLDR; people are dumb, especially when it comes to financial safety.

Crypto being in a deep accumulation phase usually makes people bored and they try to find some coins that still seem interesting during those situations and try to build their wealth. That's good, but many then get the misconception that ANY low cap Crypto that is legit can make you rich.

Even if there are thousands of shitcoins there are also hundreds of actually good low cap projects. So obviously not everyone of those us going to make you rich af, or even turn profit .

Crypto has been a prime example that quality does not always equal success. There are sooooo many great projects ou there that have a smaller market cap than done shitcoins or less good projects. E. g. Nano, VET, Ergo etc...

Something you also need in combination to a good project is luck. You need luck that specifically the project you choose is going to get hyped one day. And it definitely won't be hyped into the top 10 or even top 50 because it's just "good".

Number one rule for some of you is "never talk about crypto with friends and family".

Well two weeks ago my mother in law takes me and my wife out for my wife's birthday. Her mother has quite an estate and is rather wealthy. She's heavily invested in real estate and stocks and retirement funds. WELL...

We are eating dinner and she starts to ask me about crypto and why I'm invested in it and if I could help her invest because her financial advisor has been telling her it's a shit idea.

I gave her the quick maybe you should put 5 percent in BTC and ETH, it's the future of money etc.

I was told to bring my laptop there today to kinda show her what I do and I'm fucking excited.

I'm confident that I can give her answers and still not be financially responsible. Fuck it. The integration of that generation has to happen somehow, might as well start with us.

So... I didn't want to sell, but there's a surgery coming up that'll force me in bed for a few months and my bank account is already near zero.

I kinda regret not saving up enough money for emergency situations. I always thought of myself as healthy, didn't even buy an insurance till last year, thank heavens I did it for the residence card.

My best investment seems to be Matic, I put little amounts to it whenever I could. The rest of portfolio is a bit of ETH, AXS ( I hate this one) and a bunch of other coins including some leftover APE( can't blame, I made a profit, put that into matic as well)

I don't know what I'm trying to say here, but I'm draining my account. I'll be watching you guys from the sidelines for a while. If anything I learnt, this might be the beginning of a bull run and I'll probably cry over my sold coins later on.

Edit: Thanks for all the prayers and support everyone. I don't know what I was expecting when I wrote this, I just wanted to share this and you guys have been wholesome. And to the people telling me to take a loan with my crypto, it's a bit too late.

Also, to the people telling me I shouldn't have invested, Now I know, and trust me I have no one else but me to blame and I do that plenty. Thanks anyway.

All I’m hoping for is for this current market situation to last for few months so I can accumulate as much cash as possible and then fingers crossed for a major capitulation moment (yes I’m a dreamer) where I can drop all that saved cash into the market and watch the prices pump. I’ve picked two extra side jobs recently and am averaging 92hrs/week which as long as you prioritise sleep and recovery is actually not that bad. I mean there’s not really time for anything else, I have one evening off that I use purely for recovery (all my jobs as physically demanding) but it feels like the right thing to do in the current climate. On the plus side I don’t actually spend anything because I’m always at work!

I’m covering for all my colleagues this Easter. They are happy to send time with their families and I’m happy doing five 16-hour shifts in a row. Everyone thinks I’m mad but I’m really hoping this will pay off, if not this year then maybe beginning of the next year.

Anybody else doing similar sacrifices or thinking about getting a side gig to support your crypto investment?

Edit: I work 6am-12 Monday- Friday in one of my jobs, 2pm-11pm Monday- Friday in my other job and picked up a janitor gig 7am-7pm on Saturday and Sunday. I nap on my break and go to sleep straight after I get home. And I make sure I eat well :)

Edit 2: thanks for all the concerns and all the well wishes everyone!

The other day, my family gave me some money in cash for my birthday.

In this case, as they are not very convinced by crypto, I put their money in a crypto account I save for them.

So, I went to the bank to deposit it. The button for Deposit is not working.

I know normally they have problems (as all banks) and I went to another bank of theirs. Gray button again, it doesn't work.

I enter the bank, and find some people inside complaining about the problem with deposits. It turns out, the bank, nationally, decided to disable deposits.

I write an official complaint and start talking to the other people complaining. They weren't criminals trying to launder money or people with illegal activitie's money. They were lower-middle class people who normally get money by cash.

I start talking to them about how Bitcoin will solve it while getting funny looks from the workers of the bank. Guess what, every single person who weren't the bank workers agreed, and I noticed the problem is that crypto looks difficult to them.

So, as many things start, because I am mad with the bank, I am starting a website for learning crypto on a local level for this kind of people, who understand crypto is the future but it is difficult for them.

I am just getting started with the website and all. Wish me luck and F banks.

So, I tried bringing the crypto world to the workplace. I know, I know, you must not. However, I work at a nonprofit that tries to help impoverished art and education sectors. So, I thought, hey maybe crypto is an option to these communities. That must be a way to help them get money, or just cut the middle man and its fees.

Well, I learned that now I need to be extra extra knowledgeable about crypto, and may have to start giving presentations or something because now my coworkers think that I must be a crypto millionaire. So, is that the initial perspective? You have so much money, that you just threw it at magic value printing internet money?

So, if you want to help a nonprofit sector, be prepared. You have to learn a lot about it. So much so, that you need to know how to break it down easily too.

In a prior post I talked about selling all my holdings to use the basis and profits for acquiring land. That’s done, things are stable and it’s time to re-enter the crypto market.

Looking at the plateau we’ve been on and the development stages across multiple projects, I’m still of the belief that BTC and ETH offer the most stable upside, relative to smaller projects that might climb faster… or might not. While I made my initial profits last time mostly on ADA, I don’t see it as the lower risk it was before. I do see cross-chain projects as being the next-best investments: LINK, MATIC and SOL.

Today I’ve invested 33/33/33% in BTC, ETH and LINK, and expect to add MATIC and SOL in equal amounts next.

To avoid short term capital gains, I expect to hold these well more than a year.

This is counterbalanced by investments in the S&P 500 and TIPS (I bonds) to add a little balance, overall.

I believe this will mirror broader market portfolio investments, too, and look forward to not watching prices every day since I’ve got a year before I care.

Thoughts on this approach? Not enough risk for some of you? Too much for others? Different next investments?

I'm relatively new to using liquidity pools for yield farming, having almost exclusively been using Osmosis and abit of Astroport. One of the issues I had with LP, especially on Osmosis is that the rewards are always lumped together in one payout. For example, I participate in 6 LPs on Osmosis and I have no idea how much each of them are actually paying me, only that everyday I get about 1 Osmos in terms of reward. Same for Astroport. Asked around in reddit/discord etc on how to know individual LPs performance and the answers range from using pen and paper to record yourself, to complicated mintscan and export to excel - and basically to accept that this is how LP works.

Recently I decided to give Thorswap a try given the hype on RUNE and was surprised to see the amount of details that it provides. It has a dashboard giving me an overview of my invested vs current amount in $ terms, my current holdings in total across different LPs, and within each LP the earnings and gain/loss. This is what I had been looking for and told that it doesn't exist!!

I hope there comes a day where this becomes the standard for all LPs.

When I was in 4th grade, my teacher had us all write our 18 year old selves a letter. We had to provide 2 backup forwarding addresses of family members in case they got returned to sender. And sure enough when I was 18 I totally got the letter and I had completely forgotten about it!! It was one of the coolest experiences of my coming of age that I got to read that cute little letter, like a time capsule.

Imagine if you had your students write themselves a letter just like that, but you also buy like 3-4$ worth of bitcoin or ethereum and set up a wallet and include all the details in their letter. You have them add the “letter from you,” and they can’t read it til they’re 18. You could write some memories of them and talk about their strengths and then put the wallet info. So that once they graduate they also have a little present from the past? How adorable would that be??

🥰

I work as an English teacher at a school and today was test day. One of the questions on the test was

"What would you do with €10,000 euros?"

Of course there were the standard answers like buy a car, go on holiday etc. but in a class of 20 students aged 13-17 there were 3 who said they would buy cryptocurrency, with one naming bitcoin specifically. I was really surprised to see that so I asked them about it after class and I was shocked by their knowledge. I assumed they'd all love SHIB or whatever coin Jake Paul is shilling now but they knew about shitcoins, staking and different exchanges. Obviously they're all too young to invest at the moment but they said they were always trying to convince their parents to do so on their behalf.

Long story short, it gave me a lot of faith that crypto knowledge and adoption among the younger generation is much higher than I previously thought.

Bullish on Gen Z/Alpha/Whatever they're going by these days.

This market is generally in a downturn. You have a day or two of gains but then one bad event that wipes out all the good days plus some. Today was just another small good day that I expect to get wiped out plus a few percent by spring break. The market is just not close to being bullish with how correlated it is to tech stocks, the war, and how any regulation news tanks things. At this point I'm just waiting for a spot ETF and for all those trillions of institutional money to get things going.

The way I've been operating is whatever coin gains the most on a day I sell it off completely and then when it drops the 20-40% it gained, I buy it back plus that additional 20-40%. It has been working great, there hasn't been a coin that hasn't returned it's gains or that has just kept on mooning giving me no chance to rebuy it. Some coins I've been able to do multiple times like FTM, ANC, MIR, LUNA, AVAX...

For example let's say ANChor protocol jumps from its normal $2.50 range to $3.70, I sell off my whole bag. Then when the inevitable drop back to $2.50 happens which is usually very quickly in this market, I buy back in plus almost 50% more shares from the profit. This has been a pretty consistent way to pump the size of my bags up. Do with that info what you will. For me it has worked better then pair trading.

Cons: 1.You have to be invested in quite a few projects to own the hot ones when they do pop. 2. There is a chance you sell your bag and the project just absolutely moons and never gives you a chance to rebuy at a nice level (hasn't happened yet). 3. You have to be aware of the range the coin trades in. For example: AVAX will get up to $120-140 but then fall into the $70-80 range. You buy at $80 and sell at >$115 4. Depends on volatility and it not being a bull market or alt season.

None of this is groundbreaking but it's been working for me.

With now months in this a lot of nothing happening many, even the best, are becoming very unhopeful about a possible upturn. And that very understandable no human would like to see weeks of very red bleeding and every attempt of relief completly fail.

At such situations where everyone is just so sad that they can't even watch the charts anymore or even talk about Crypto. That's when you know we are truely in some bearish sentiment. But a bearish sentiment is probably the best thing, as the bears become very overconfident that everything is under control but in Crypto nothing every is in anyone's hands.

Also looking at the history the past big bull runs started after everyone was not even thinking about a pump but just about a further dumb. One thing to akwys remember is that a bear run only happens when we can not imagine it going down any day soon and a bulk run happens when we can not imagine it going up any time soon.

When you start your crypto journey, you invest, you see the market slowly grow and you are happy each time a green candle is showing.

Then you encounter fear, panic and dread when you see the market dip or crash.

You discover euphoria when the market soar.

After a while, these change. Green days only mean your average buying price may get higher, red days are seen as an opportunity. Crashes are the FOMO time. Green days are seen as opportunity to take profits (if you are here short time) or are just plainly scary.

​

Why? Because you start to measure both your average buying prices, but also because you start to think in terms of coins. If my € give me less purchasing power when I want to buy crypto, then I know I'll never own 1 BTC or 1 ETH. Yet, at the current prices, hope still exist !

If we believe that Maxis, and small investors will slowly drain the existing Bitcoin pool and that the next halving will cut the supply of new coins, then the prices are more or less guarantee to soar in the long run. I hope to be able to make decent profits this is why I want price stagnation for a short while.

​

Or maybe I'm just a delusional fuck and all this shit is going to 0, don't take stuff too seriously !

As we just got the Inflation data in today, it's a sprawling 8.5% yoy inflation. A pretty big jump from last months 7.9% which was already a 40-year high. Right now thus the biggest inflation since 1981 and all that while the current inflation numbers are greatly manipulated.

Yes, the US government indeed choose to reasses the way they measure inflation a few years ago which caused the Inflation numbers to already decline as it was a more mild way of calculating apperantly. So if you want to compare todays inflation data with the past its never 100% right, as the current numbers are calculated a other more mild way.

If you just look at yesterday one day before the data was released. They US government had to make a press conference just to warn us all that the numbers may be high and yeah to blame all that in Russia because apperantly they are singlehandedly destroying the US economy. If all that was not a sign that they fcked up I dint know what is.

Well everyone in the sub knows about Celsius now going the way of Nexo and BlockFi in the US. This is just further proof the US government and rules need changing.

So, come April 15th I can no longer play with CeFi because of my status. DeFi better watch out. Whatcha gonna do when the Gub’ment come for you brother…

It just irks the shit out of me that I can YOLO my entire net worth plus unborn kids with options and leverage trading (looking at you WSB). I can go piss away my mortgage payment on scratch offs and powerball. I can sit here and be a slave to my job, earning less and less due to taxes and inflation to pay for the lazy, but I cant put coins in to accrue interest.

Where’s the best place to send 5-6 figures for DeFi etc? Dont bother to PM/DM either…

So when I started investing a few months ago, i might’ve taken the whole “you need at least x amount of currencies for a successful portfolio” advice too much to heart. I had a lo wallets going on, with a lot of different currencies. And I was constantly checking charts and spending an unhealthy amount of time in this sub double and triple guessing if I made good choices. I was, to be honest, stressed as hell. And pretty miserable.

Now I have consolidated everything into ETH. The only time I Check the chart is when do my monthly DCA.

If it’s the wrong choice it’s the wrong choice. I’m not over invested and I have no intention of being so.

The one coin life is wonderfully simple and it’s probably the best decision for my well being I’ve made so far :)