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Every now and then, I see people posting on here asking how they can keep their privacy and prevent the government from tracking them through cryptocurrency. And lots of folks mention Monero this and Monero that.
People seem to confuse decentralization, which is the whole point of cryptocurrency, with privacy.
Who the fuck do you think you are that the government is tracking every single step that you make? And even if they wanted to, just for fun, do you think cryptocurrency can help you evade it?
Unless you live in a cave and completely off-grid, they can track you down to the very last inch if they wanted to, from the last phone call you made to your mistress, or the last time you visited Pornhub and jerked off to it.
If you want to evade taxes or mask illegal activities, just say it!
So I've been researching this for months, reading post on r/cryptocurrency and other similar subs. After all this research I've come to the conclusion that crypto currencies are the future and possibly or only Chance at surviving the upcoming economic collapse.
Yes I said economic collapse, I know some of you might think I'm crazy for believing that the world's trusted governments are steering us in the wrong direction but I believe it's true.
Take Bitcoin for example, this thing could really take off. I know it's not very well regarded now and many believe it's only for illegal activities but if you look beyond that it could have real uses as a hedge against inflation.
There is also another newer crypto called Ethereum, this could possibly change the way the world works.
Look into these if you get a Chance, I know it sounds crazy but this magic internet money is the future.
As at today it is reported that newly minted coin EasterBunnyInu is up 500 percent today alone.
We managed to interview EasterBunnyInu coin creater Dave to get his take on the coins recent success. Dave had the following to say:
"Yeah I was like, playing Minecraft in my Moms basement when I saw this bunny (Dave pauses and proceeds to blow unspecified herbs into our face from his limited edition star wars vape) and i was like yeah dog cryptos made people rich, so like surely an animal token like a bunny will make people rich and then I was like yeah, create this Bunny token and get those poor suckers to invest haha".
Shortly after our interview EasterBunnyInu was rugged and fell down to zero. Dave is now rumoured to be driving a Lambo in a gold plated fedora. Another rug bites the dust so they say.
Day traded with $100, made 5% profit in the first day: "Holy shit if I day trade with $10000 I can live without having to work ever again"
Started by investing in Cardano and was listening to every one of Charles Hoskinson's livestreams: "If this goes to $100 I'll become a millionaire"
Didn't bother to properly understand Bitcoin: "Bitcoin is boomercoin, one coin is too expensive anyway, who cares about it?"
Completely clueless about every single user activity and metric on Ethereum: "Ethereum is gonna be killed, fees are too high, just wait until Cardano and Polkadot get smart contracts and it's game over"
How many people did the same in the beginning?
Coinmarketcap is not showing me updated prices of my beloved crypto coins. Whenever I refresh, it shows bitcoin stuck at somewhere in the 40ks, eth somewhere in lower 3ks, doge, shib all the same all the time. I understand with stable coins like tether and cardano but not for other coins. Has this happened to you guys? I even cleared cache, reinstalled browser and all that, didn't help. I was told coins go up always. I haven't seen that. Have you? Is there a customer service that we can talk to and get it rectified?
There are several methods for naming your cryptocurrency:
- Try to make a random meaningless name using a part of Bitcoin's name. Something that doesn't sound like a total scam. Examples:
✓ BitSmart
× BitMyarse
- Use an unrelated mathematical term. Firstly It looks smart and cool.
"What coin have you bought? Calculus! Wow. You are so smart."
Also it makes people think that your coin is some kind of groundbreaking scientific discovery.
"Algebra (BRA) , making the future with blockchains one block at a time!"
- Use a random animal name (preferably dogs, cats or Elon) , if that name has been used in a successful shitcoin before you, just add another name after or before it. Something that everyone loves (babies, cats, dogs, moon, not Elon).
Floki ---------- Floki inu --------- Baby Floki inu--------- Baby Floki inu shit on Elon moon!
- Use phrases that make it obvious even for the most stupid human beings that it is related to crypto and it is most likely a scam.(don't worry they will invest either way)
CryptoMania
Golddiggereum
A-Way VTU crypto
Ponziverse
(Edit) 5. Add "safe" to any random name. Just almost like it might not be 100% safe. More like 99.99% safe.
It's funny, earlier today I was just thinking about the similarities of those who oppose weed and those who oppose Bitcoin and Crypto. Both these people feel entitled to tell others what to do with their lives and money, and how they should use and live it. Like what kind of dictatorial shit? And we're the ones being labeled as "psychos with no empathy", meanwhile they openly talk about wanting to dictate how other people should live their lives based on their own personal beliefs, without any empathy for what anyone else wishes to do with their own lives, that contradicts their wishes and beliefs they wish to dictate and force on the masses that disagree with them.
Like if you don't like weed or Bitcoin cool, then don't use them. But don't fucking tell me what to do with my life and my money. Live and let live, is that so hard?
We preach about being in crypto "for the tech".
Yet we all are obsessed about the price and charts of our favourite crypto.
We preach about being a crypto currency sub.
Yet we all engage in tribalism and critisise those with opposing views and crypto holdings.
We preach about decentralization.
Yet we promote centralized coins, worship leaders of coins with significant holdings and look favourably upon coins that are premined.
We preach about the dangers of memecoins with a sense of snooty superiority.
Yet memecoins have entered the top 10 marketcap and provided their holders with excellent returns and stuffed people over who listened to this sub.
We preach to be anti regulation.
Yet people cry blue murder when an exchange engages in outright illegal behaviour such as insider trading.
Yes ladies and gentlemen, we are all hypocrites in this sub. Every day we stray further from satoshis true vision.
many of the top projects are massively centralized in the hands of few VCs and crypto companies such as a16z, binance, coinbase, alameda, and others. They are usually the same few amount of people controlling all the top projects with their behind the door deals with each other.
And it baffles me how crypto traders always talk about decentralization yet the concentration of wealth in crypto surpass the concentration of wealth in even traditional industries. Why nobody talks about the double standard? why is it not okay for central banks to control dollar but it is okay for the same usual suspects in crypto to control crypto projects?
It all started with those charts, those damn charts.
It was a cold winter's night in 2021, I was innocently scrolling Twitter when I saw it. A tweet by musk promoting dogecoin.
At first I wasn't interested, but something about Dogecoin made me curious, like a dark lust for more.
How could I ever invest in a coin that was created as a joke? Logic told me not to touch it, but the deviant in me wanted to explore it some more.
I was sitting in front of the fire and couldn't stop thinking about that dammned doggy coin. I sat there staring at the buy button, finger shaking in anticipation. I couldn't help myself, I succumbed. I pressed that buy button as hard as I could. I felt ashamed.
But it was nothing compared to what was to follow.
Every day I would check the charts, feeling a lust for more, until one day it came.
Musk suddenly announced he was to go on Saturday night live. I couldn't believe it, my whole body was shaking. The charts went up and up and wouldn't go down. I am ashamed to admit, I couldn't control my urges. I sold the house, I sold the car, I sold the cat (sorry snugglemuffles) chasing the charts like the dirty bird I am.
Finally the day came. Musk went on Saturday night live.
I was ready, this is my swamp now.
In a heated rush the charts went Bonkers i couldn't control my euphoria, up, and up and up I couldn't keep it down!
And then, the charts came crashing down to earth. I felt dirty, violated and ashamed. I couldn't believe what I had just done. I lost it all for a quick buck.
Nowadays I have learnt my lesson, I now work 9 to 5 at Starbucks and house share with Allan (how ya doing Allan). But I can't help think back to that night and how I felt so good for a brief second in time.
Crypto is one hell of a drug.
I have some very unfortunate news for all of you
As you can see by the technical analysis and illustration above of Bitcoin's history, it is going down to 0. Considering the trend analysis above, you should all sell your Bitcoin before it hits 0. Do NOT zoom out, only look at 1D or 7D charts when reviewing Bitcoins history, otherwise you may say silly things like "its literally just flat month over month lul" or "historically this same move has happened hundreds of times" or "bruh this isn't even a dip lol".
IGNORE ALL THAT - Just focus on what makes you feel scared and worried about your decisions. See all that red below? RED BAD. Its gone down THOUSANDS OF DOLLARS IN ONE DAY. By my math, it will be zero in just a few more days.
Now that I have educated you - Please sell your bitcoin. Act on that fear and worry, and I will even do you a favor. To allow all of you to exit at the best possible price, my friends and I will be market buying Bitcoin for the rest of the day to help you all exit your positions. You are all whalecome. And remember, do NOT zoom out, do NOT review historical data past 1 week, and FEEL AND SPREAD PANIC.
Finally the day has arrived: we are getting rid of fiat currencies and we are left with the cryptocurrencies.
Look at your wallets and you will see that I am telling the truth. The dollar slowly disappears from the wallets but no one touches our crypto, because our keys mean our coins. Even the government will never be able to take away our tokens (because gas fees cost more than the tokens themselves).
I honestly don't understand why people are so unhappy now as what they've been asking for for years has been happening.
Jokes aside, stay strong and don't FUD.
By experts, of course I mean the members of this subreddit.
Now that we know for sure when it will hit $100k, it's time to take out a loan whilst being unemployed and FOMO it all into Bitcoin. Not only that, but let's talk to everyone we know and convince them to FOMO all their money in Bitcoin. What could go wrong, we have the word of experts.
Honestly though, I'm already seeing articles about how Bitcoin will hit $100k by the end of 2022 and it feels like the same thing again that happened last year, namely, people expecting crazy gains because Bitcoin has moved up like 5%.
And this again will cause people invest in Bitcoin and expect to be rich by the end of the year, which is very unlikely, so they'll definitely be disappointed. I would say that we shouldn't really care how much Bitcoin will be this week, this month, or even this year. Why look at short term? Not like short term works with Bitcoin, because it's become a little stable compared to alts, and even they're not as volatile anymore to get you a lot of profits short term.
Bitcoin won't get you rich Short term, it's best to have patience and invest and wait. No, Waiting doesn't mean checking the charts every second of the day, simply DCA if you already do or forget about your investment. Patience does pay off.
As Crypto gets more and more mainstream with a lot of people occasionally talking about it. There is still a lack of Crypto movies/series. Something like that would definitely help Crypto in a lot of ways and be fun. Netflix is doing a documentary about the Canadian exchange hack a few years ago but it seems as if they are bond to just portray one side, the anti-crypto one.
So what kind of movie/series would you make for Crypto that would actually help us in some way? What's the story and possibly the leading actor?
Mine would be:
Story: 2018 crypto hype rise and crash and how people went from bullish to completly uninterested in Crypto back then.
Actor: Matt Damon, cause why not.
What's yours?
So you gambled in the Crypto Market and lost everything?
Don't Panic!
I've assembled some tips to make sure if this happens, you'll be ready.
- Get a gym membership if possible so you will be able to take showers and have a nice place to hang out.
- put your seed phrase on a metal plat that you can keep with you, once you get back on your feet and can afford a phone again you can set your wallet back up.
- you can use the Library to check on your portfolio and see if your luck has turned around.
- HODL those coins that are down to zero, they might make some sort of miraculous come back.
- Continue to DCA in with money collected by doing the following
- ask for money in the form of crypto
- if you are able to keep your phone on, post on this sub to collect free crypto
- check other subs that also give away free crypto
Now for your sleeping and living arrangements you have a couple of options
- A box
- under a bridge
- A car
sleeping can also be done on a bench
And remember to ask for money if you are completely broke, put pride aside and make a sign.
Hopefully you will not find yourself in this situation because you made wise and informed decisions with your money and maybe only invested what you could afford to lose but incase you didn't at least you will now be ready.
