Whales wake up and do damage amid the latest crypto crash

Things are messed up and messy in the crypto space at the minute, and whales are doing what they always do: damage. But for once, it isn’t unilateral.


For the first time since, well pretty much ever, whales are beginning to show signs that they might be considering offloading some of their holdings as over 50,000 bitcoins have been transferred to various exchange platforms from cold and hot wallets.


On top of that, you’ve got giant investment firms like Cypherpunk Holdings that are trying to paper their losses by selling stuff.


The company has sold around 205 ETH for $227,000 and 214 BTC $4.7 million.


I’m assuming that they did it because they bought these ETH and these BTC back when they were worth like 2 cents. In fact, they did say that they turned a profit from the sales. But it still doesn’t make much sense.


Actually, it does. Which makes it worse. I never sold my BTC or my ETH when they were worth $69k and $4.8k respectively so I would only sell now if I absolutely had to. Which fortunately I don’t but it seems that some of these giants do.


I bought some ETH yesterday. I bought some BTC this morning. I may be a beer tomorrow.


Cheers.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.comWirexNexo or Binance

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If you haven’t yet, consider using Revolut as a substitute to traditional banking.

Bitcoin will prevail

Things aren’t looking great, are they? Celsius is going down, Luna has already gone down, Coinbase is firing people. Ethereum briefly went below $1,000.


When all is said and done, we shouldn’t forget that everything we see here, everything, started with Bitcoin. It kick-started the universe we’re in. A trillion-dollar (well, not right now) market created from scratch. But as with every other technological (r)evolution, the tide is changing all the time.


This is an important historical moment for crypto, because a lot of failed or soon-to-be defunct projects will die. A lot of trashy projects will end up in the trash can and when the dust clears, the market will re-emerge stronger because the weaker links will have been eliminated.


The goal is to put bitcoin, and crypto in general, in the hands of as many people as possible. We want to disrupt (gah, I hate this word) the financial sector and bend regulators and legacy players around crypto but this can’t be done unless we get rid of the scams and the scammers. And times like this are exactly for that.


These painful transitions also help people get an idea of what they want to do going forward. Are you a tourist or, using a terrible expression that’s so ‘in’ these days’, an incumbent?


It’s about making money but it can’t be just about that otherwise what’s the point? We might as well go back to the ATM.


We just need to keep two things in mind: 1, it happened before and 2, it always takes time.


Never mistake a clear view for a short distance.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.comWirexNexo or Binance

Use this link to get free diamonds use my CoinmarketCap code.

If you haven’t yet, consider using Revolut as a substitute to traditional banking.

I know it sucks, but now’s the time to keep buying

According to Glassnode, a blockchain analyst, there are now 851,921 Bitcoin addresses holding at least 1 Bitcoin, a new all-time high. They say this is “despite a $27k retest” but that sounds wrong. It isn’t ‘despite‘ the retest, it is because of it.


At the time of writing, as the Glassnode points out, if you hold 1 BTC and 1 ETH, you’ve got access to around $28,000-$29,000, whereas just a few months ago, back in November 2021, ownership of 1 BTC and 1 ETH would’ve meant having access to around $75,000.


With a budget of $2,000, you can now buy 1 ETH plus change. Whereas back in November-December 2021, you’d have gotten about ETH 0.50.


Everyone wants to beat the market but very few people can and part of the reason is the market is psychologically difficult to follow. We tend to buy when the price is going up, and we get scared and sell when the market goes down. That’s bad, of course, but it is also understandable.


These days I feel like hiding under my bed and crying but I know the market will rebound, eventually, and that’s why I keep buying. And crying. Pah.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.comNexo or Binance

Use this link to get free diamonds use my CoinmarketCap code.

STRATEGY VS TACTIC

I’ve recently learnt the difference between strategy and tactic. I thought they were kind of the same thing but I was wrong. The strategy is the ultimate objective that’s determined by the circumstances. The tactic is how you get there.


In football, random example, you have to win games and score goals and that’s the strategy. The tactic determines how you get there.


The strategy with crypto is always the same: get the most out of your money and possibly become wealthier. The tactic? I’ve changed that at least four times.


I began using crypto because I started working for a crypto exchange that could only pay me in BTC, I didn’t even want it and I actually asked if I could be paid via PayPal. FORTUNATELY they said no.


Then I started actively buying by converting part of my BTC salary into Waves (sold), in Litecoin (still have some), DAI (still have some), NANO (sold), WOLLO (defunct), ETH (still have some) and a few more.


Then I started buying other altcoins through platforms, chiefly Coinbase.


Then I started focusing on crypto with high staking rewards but after the UST crash, I’ve ‘only’ lost about $100 on that one, I’ve decided to play it safe. I can buy $1 (symbolic) of anything and everything just on the off chance it 10,000Xs but most of my funds are in Bitcoin, Ethereum and a couple of stablecoins.


I still own a bunch of cryptos I don’t want anymore but I can’t sell because just about everything is down. So I’ll wait for the right moment and gradually get rid of most of them.


It’s like with coffee. My strategy? I need coffee, always. My tactic? It depends. Today, for example, I’ve bought instant coffee from the local grocery store at $0.10 per bag. Tomorrow I’m gonna be on the road so I’m going to have to opt for expensive espressos from the bar. Dammit.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

Can blockchain technology be used to manage sensitive data?

I occasionally freelance for a company that specialises in communications and social media and a few months ago, they asked me to transcript and translate three videos about a topic I knew nothing about: data management in the music industry.


The job was a bit boring but I learnt a lot, and I learnt that managing data, especially when it comes to intellectual property, is a complicated mess. And I immediately thought to myself, “this is what blockchain technology is designed for, actually”.


A few months later, at a crypto and NFT conference in Belgrade dubbed ‘Tomorrow Conference’, I came across the founder of a company that does exactly that: blockchain-based data management.


The company is called Inery and what they aim to do is convert data into readable form, provide backup and blockchain-based management with cross-chain capabilities as well.


The native token is called $INR, on the Tron network (based on what I could find), you can find the contract here.

And you can find more info here.


$INR is the unit of exchange to access decentralised storage of Inery, you can stake it, become a validator and participate in governance.


When non-crypto people ask about crypto and NFTs they usually get a pre-ready answer that this is a “blockchain-based” asset or currency. That’s a non-answer that I personally think it’s not very useful because you then have to explain what the Blockchain is.


So the idea of managing data using ‘blockchain technology’ means nothing unless you can explain, easily and quickly, what the blockchain can do for you.


Let me give a shot: the blockchain is based on cryptography, which is basically like math. You can either manage data relying on human beings and trusting they’ll do the right thing, or you can use blockchain technology and trust that 2+2 always equals 4. Always.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

First European panel in the Metaverse to take place in Belgrade, Serbia (and I’ll be there)

Belgrade is the former capital of Jugoslavia, the capital and largest city in Serbia, a global and vibrant hub. And it is also my home. I relocated here about a year ago and when I heard there would be a 3-day crypto-focused event at Belgrade Fair, on the right bank of the Sava River, I immediately knew I had to go. So I will.


This is the largest Crypto, NFT and Metaverse conference in Europe and while I’m looking forward to the 7 panels, 100 speakers and 50 keynotes, what really, really interests me is the people. I wanna know what people think. What they bought, or sold, or hodled, and why, and how, and when. And their take on the Metaverse and NFTs being used as an art form but also as a means of authenticating property and assets.


ECD’s founder Aleksandar Matanovic will be there, along with Craig Sellers, founder of Tether, Tanja Bivic Plankar, President of the Blockchain Alliance of Europe and Bruno Ver, blockchain specialist and founder of the top NFT business NIFTIFY.


I will be sharing updates in the coming days here, as well as on Bitcoinea.




I’ve crossposted this article on Publish0x

What the heck is Duckcoin and does it still exist?

I love Algorand. Big fan. I’m super bullish on Algorand. Mainly because of its user-friendly wallet with a built-in yelding system (wrong expression, but I wanted to use it ’cause it sounds cool), by which I mean: all you have to do to earn Algo on your Algo is leave your Algo in an Algo wallet. That’s it. Anyway, I’m bullish, and I’m also curious, so I was mindlessly taking a look around and noticed that you can actually add other assets in the Algo wallet, and one of them is Duckcoin. Quack.



Duckcoin ($Quack) operates on the Algorand blockchain, and apparently, according to a random user on Reddit (sorry, I’ll do my own research later, I was just excited), it has a max supply of 50m, 74% of which was in circulation… a month ago. So it’s gotta be more now. For some reason I can’t seem find to find the PPC. I’ll keep looking.


Anyway, Duckcoin, as it says on the website aDuckcoin.com, is a self-proclaimed meme coin for the Algorand blockchain, I’ve added it in my wallet and now I’m gonna start looking for faucets, just to get an idea. If it still exists. I can’t seem a lot of info about it, tbh.


What do you think? Have you heard of it before and/or do you own any? Let me know in the comments below. Cheers.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code

We have been duped, but crypto is our ticket out of poverty

Now, yeah, ‘poverty’ is a very strong word. The definition of poverty varies depending on where you are in the world. I was born and raised in a country where a $500 monthly salary would be considered low, but I am now living in a country where the same salary is more or less average. If you’re reading this from any of the Scandinavian countries, or the U.S., or Australia, with $500 you’d end up in the streets.


I’m a millennial, like the vast majority of crypto holders (49% of the total), which means, just for a start, I’ve had the opportunity (*insert irony here*) to enjoy (*insert irony here*) not one but two once-in-a-lifetime financial crisis. In 2008, when millennials were 14-28 (give or take) and again in 2020, due to C19 of course, when most Millennials are in their 30s. Lucky us, eh?


I don’t wanna bore you with the details and the data, mainly because there are a lot of YouTubers that can do it a lot better than I can, but the bottom line, millennials are statistically more in debt that any other generation, they’re statistically less likely to own the home they live in, and they have the least amount of wealth.


BUT we’ve invented (figure of speech) cryptocurrencies, and we’re strong believers in this technology because older generations shun it or disregard it, and yes, the generation that followed us, Gen Z, is catching up but some of them are simply too young to take charge of their financial situation.


I feel like we’ve been duped. We’ve inherited debts we haven’t created, became students just in time to see the price of college skyrocket, and became workers just in time to be hit by inflation and prohibitive housing pricing.


BUT we’ve got crypto. And no one can take that from us. Literally.


Drop a comment, a like or a (much-appreciated) tip if you’re a millennial.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13


Get a discount on Undone Watches

Get a discount on your first Glovo order

Get free crypto when you make your first deposit on BlockFi

Get free BTC for your first deposit on Coinbase or Binance

Is the pain over? Bitcoin is taking a break

Last night, bitcoin fell off a cliff and went from $46,000 to $42,500 in a matter of hours. We spent 20-odd hours in the red zone until things cooled off and now the world’s most popular cryptocurrency seems to have bottomed out at around $43,000, which is where it’s resting now. Ethereum, that’s often the case, fell down a bit more gently and is now recovering a bit more quickly.


Yearn Finance is doing pretty well, currently sitting at $35,882, meanwhile XRP and Aave are still suffering. BAT is down, Cardano is down. Everything is down. You know when you open your CoinmarketCap  or Coinbase account and it shows the ‘gainers’ and ‘losers’ of the last 24 hours? Well, everyone’s a loser today.


Late investors probably stopped panic-selling and early investors are slowly and painfully digesting the latest round of Fed’s ‘good news’. Meanwhile, the situation in Kazakhstan, which is crucial, is still not exactly rosy.


I wanted to buy the dip’s dip’s dip’s dip’s when it got $42,500 but I was out of money. Dammit.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13


Get a discount on Undone Watches

Get a discount on your first Glovo order

Get free crypto when you make your first deposit on BlockFi

Get free BTC for your first deposit on Coinbase or Binance

NO, the digital YUAN is not a cryptocurrency, it’s the exact opposite

It seems these days any conversation about cryptocurrencies and bitcoin with people who are new to the crypto world ends up with comparisons to the digital YUAN and other proposed digital currencies that various world governments are working on. I don’t blame them, I blame, as ever, the media. Earlier today, I received not one but two notifications on my phone from not one but two crypto news apps with headlines about the digital YUAN and on both occasions, I rolled my eyes and thought “what is this bit of news doing here?”.


People who are new to the world automatically compare bitcoin and digital currencies such as the Chinese YUAN because they think “well, they’re both only virtual, they must be comparable”, and media outlets fuel this with stories where they make it sound like these two things belong to the same conversation. They don’t.


The digital YUAN is a fully (heavily) centralised, government-issued, government-backed and government-controlled currency, bitcoin is none of those things. If you’re reading this you probably know this, and perhaps you share my frustration. And it doesn’t end there because, and I’ll do my best to leave politics out of the equation, there’s another major issue we gotta talk about: social credit.


China has a social credit system, this is a fact, which basically categorises citizens based on how well they behave. I personally think this is absolutely insane, but you’re free to develop your opinion on that. The point is, China can, and probably will, tie the digital YUAN to the social credit system, which means that they can ban citizens from purchasing goods and services based on what they say (perhaps about the government) or did. That’s never gonna happen with bitcoin. In fact, that’s exactly what bitcoin is for. You own your bitcoin, and no one can take it or corrupt it.


Sorry about the rant. Normal service will be resumed shortly.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13


Get a discount on Undone Watches

Get a discount on your first Glovo order

Get free crypto when you make your first deposit on BlockFi

Get free BTC for your first deposit on Coinbase or Binance

Get free diamonds use my CoinmarketCap code