ethereum – bitcoinea

F**K!

The massive sellout continues as bad news keeps piling up. Bad news on top of bad news. After the Terra Luna disaster we woke up to the news that Celsius, a crypto exchange, is halting withdrawals and transactions due to ‘extreme market conditions’.

It sounds 2008-esque, doesn’t it?

The market is bearish. Duh. It’s capitulating. Falling faster than Scuderia Ferrari’s title-winning chances and plenty of exchanges and projects will fall with a loud bang. Everyone’s a genius in a bull run and that’s why what happened during 2021 doesn’t really matter now. It’s what’s gonna happen next that matters.

It is going to be very difficult for Celsius to get back up because the trust is gone. Same with Terra Luna.

We’ve been here before, of course. Many times. Each time it feels like the end of the world but it never is. But it still sucks. And we’re still looking around for someone / somebody to blame.

The answer is: random circumstances. The war isn’t helping. China’s idiotic no-covid policy and Biden’s administration’s foolish spending aren’t helping either.

I’m not happy at the moment. I bet most of you aren’t either.

But there’s nothing I can do. I guess I can keep buying. The problem is I’m running 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, 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 Coinbase, Crypto.com, Nexo or Binance

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

A different sort of ‘flippening’

I use an app that pays crypto whenever I make correct predictions [every 3 hours] about BTC and ETH, which means that eight times a day – every day, I check the price of both.

Generally speaking, the whole market follows Bitcoin so when it goes down, the rest goes down and vice versa.

Having said that, I’ve noticed a change since late 2021/early 2022 – back when ETH couldn’t stay under $4,000 (good times).

ETH and BTC still fall and rise together but the former now falls harder, while the latter takes less time to bounce back.

Last night, they both capitulated with a loud bang but even now, when you look at the charts, Bitcoin feels and looks like it’s trying to get back above $26,000 as quickly as possible whereas ETH feels and looks like it wouldn’t mind falling below $1,300.

It is impossible to determine why so your guess is as good as mine but I’ll wager this is because recent trouble (Terra Luna and the Celsius drama) taught us that we can’t achieve decentralisation unless it is built in the system.

In other words, there’s a face or a name behind every crypto project except Bitcoin, which is probably as close as we’ve gotten – so far, at least – to through decentralisation.

Still, it’d be nice if they both stopped falling, 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.

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 Coinbase, Crypto.com, Nexo or Binance

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

for duck’s sake make it end

Every time I open a new tab on my Brave browser I’m reminded of how sh*tty the situation in the market really is. When I started using Brave, right around December 2021, my first payout was about 1.50 BAT, which at some point was worth $2. Now I’ve got over 17 BAT, worth 6 dollars.

Bitcoin is hanging by a thread. Ethereum’s thread has snapped and it is now freefalling. Altcoins are doing even worse.

This, of course, is nothing but another phase of the market cycle. Anybody who’s been around crypto longer than a year has seen this before. If you’ve been around for a few years, then you’ve already seen about a million times.

Peak FOMO, peak price. Peak fear, and the price starts falling and you never know when, or where, or how, it’s going to end.

It sucks but there’s nothing we can do.

Well, there is something we can do. Here’s what I’m doing:

1. having a pint of India Pale Lager

2. listening to MGK’s Bloody Valentine

3. buying more Ethereum

But please make it end.

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.

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 Coinbase, Crypto.com, Nexo or Binance

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

Everything is cheap, keep buying if you can

Ripple (XRP) has been trading depressingly low for weeks now, with an average value of around $0.38, way below the ATH of around $3.8 of a few years ago. So I bought some more.

Bitcoin is desperately trying to stay above the psychological $30,000 line after a 9-week losing streak, and ETH can’t even go back up above $2,000. LTC is worth around the same as a couple of cocktails in Miami, BNB is worth around the same as the watch I’m wearing at the moment – and my watch isn’t expensive at all.

And BAT, boy oh boy, BAT. I’ve been using Brave Browser since late 2021 and so far I’ve made around 15 BATs, worth around $16-$19 when I started, and worth around $6 today.

So what to do about it? I’m just gonna keep buying.

Partly because the market won’t stay bearish and depressing forever but also because I stake everything I can and use the rest to earn interest and so not pot can never be too full.

Keep buying. Because what else are we gonna do with the money? Buy food? Pah. That’s so 2019.

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.

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 Coinbase, Crypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

People are using their cars to mine crypto, and some of them are making decent cash doing so

Siraj Raval, U.S. resident and Tesla owner, has tweaked his 2018 Model 3 to mine cryptocurrencies, specifically ETH. Raval said he hacked the onboard firmware and connected GPUs to his Model 3 to get the job done.. So far, he says he’s been able to mine an average of 0.25 ETH a month, worth around $750-800 at the time of writing.

This is one of many similar stories we’ve heard about in the last few months. Others have done it, with various degrees of success, and even though this obviously invalidates the warranty, they all said the same thing: “it’s worth it”. I can see why.

There’s actually more to the story because up until now, we’ve only had private customers who’ve personally modified their cars to do this, but now there are new, start-up automakers that are building cars with this specific feature. A company in Denmark called Daymak has just launched the Spiritus EV, a weird- and futuristic-looking 197-hp 3-wheeler that can apparently mine crypto while it’s parked. Would you buy it?

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

Staking vs Earning: PROs and CONs

Yesterday I wrote about the PROs and CONs of exchanges vs wallets and I thought it’d be interesting to share the same perspective on staking vs earning. If we wanna keep it simple, staking and earning are basically two different ways of defining the act of earning interest on your crypto. That’s the bottom line, and the baseline for the conversation. But there are a few differences and also the reason why sometimes, some people tend to think they’re the same thing. Both earning and staking your coins will bring a similar result but the path to get there is different, as is the reward.

Staking: PROs

The first thing people will want to know is staking usually offers higher interest rates, and there’s no limit. There are tokens that allow you to earn 100+% APY / AER on your crypto. This makes a huge difference because it allows you to grow your portfolio by 20-30-40% across the board – obviously I’m just talking about your holdings, not the $USD countervalue which may vary.

In short, staking means you’re committing to holdings to support a specific blockchain, and it can only be done with tokens and coins that operate via proof-of-stake. By staking your coins, you’re actively participating in the project, essentially, and it is, for the most, truly decentralised and you still get a good level of decentralisation even if you do it through an exchange.

Staking: CONs

In order for your to stake your coins and tokens, you almost always have to lock them and accept the fact that for a pre-planned amount time – it could be anywhere between a few days and a couple years – that money will not be available to you. This means you can’t cash out if the token in question 100Xs, for example.

Staking is also a bit harder to do and understand than earning, which means it takes a few extra layers of patience. I don’t think it’s a great idea to stake a YOLO coin you bought randomly, unless you’re comfortable with the risk or unless you can afford it.

Earning: PROs

The biggest advantage of earning is that it can be done pretty much on any exchange. Most of them offer competitive rates when you compare them with the rates that your bank would give you: even if you get like 1 or 2% on your BTC, it’s a lot better than the risible 0.5% or whatever that your bank guarantees on your dollars. It’s easy and flexible, you can cash out at any time.

Another advantage is that you can earn interest on any currency, even when it does not operate with a proof-of-stake model.

Earning: CONs

I guess different people have different opinions on this but the main disadvantage is that you’re essentially giving your crypto to the exchange in question and they’re free to keep them on their balance sheet, while using them for proper DeFi projects, and then they just give you a small(er) percentage, which is the agreed APR/APY or AER.

There are some conspiracy theories about this. Some people think this doesn’t happen at all, others demonise exchanges because they think that anything that’s not 100% decentralised is evil, but I guess at the end of the day, it’s all about what you’re comfortable with.

I personally use both. I stake most of the stakable coins, usually for 30 or 60 days, and put the rest on ‘earn’.

What do you say? Also, if there’s anything you wanna add, feel free to do so in the comments.

Exchange vs Wallet: PROs and CONs

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

A friend wanted to know why crypto is crashing, this was my answer

Last night, I was having a beer at a friend’s house when my whatsapp went ‘DING’ and a friend of mine who recently got into crypto asked, “why is crypto crashing, and should I get into NFTs?” – I told him we need to talk on the phone to talk about NFTs because it’s complex, but this is what I said in relation to the crash.

I told him 1, we’ve been overbuying and crypto has gone parabolic in 2021, so a correction was inevitable and then 2, Kazakhstan is on fire, literally. It is the second-largest country in the world when it comes to mining; 3, we tend to think of BTC as a hedge against inflation, and it is, but the truth is it usually follows the same patterns and trends as tech stocks and finally 4, sell-offs bring more sell-offs, people who got in late panic and sell. And ‘whales’ keep buying – if you look at the historical chart, every few years, people who bought and thought they’d be millionaires within a year panic-sell and whales and large holders buy like mad. Hundreds of millions.

I added that we’re likely looking at a few more weeks, or possibly months, of pain, and that BTC will eventually $1m, it’s inevitable, but probably not before 10-12 years.

This was my answer, what would your answer be?

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

Pain not over, me was wrong, me sad, me bought some more

Last night, right before I went to sleep, I wrote about bitcoin’s price trajectory suggesting that perhaps the largest cryptocurrency in the world by market cap was just ‘having a break’, and I was right. It was taking a break… on its way down, dammit. I woke up this morning and my phone went ‘DING DING’, and when I clicked on the notification that made my phone go ‘DING DING’, the headline read: “can bitcoin stay above $40k?”

BTC hovered around the psychological $43,000 mark until around 4 (GMT) when it quickly fell down to $41,410, before settling down at around $41,500.

The situation in Kazakhstan is getting worse and I guess we still haven’t stopped suffering after the Fed’s documents revealed that, guess what, things are exactly as bad as we thought. Now I’m going to make myself a cup of tea and go sit there, in the corner. And buy some more. And pretend I’m unfazed.

How are you doing in these tumultuous times?

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

Damn, 3 reasons why bitcoin is falling

Good morning! … but not really. Yesterday evening (GMT) bitcoin began falling substantially and we know the drill, when BTC goes down, everything else follows. The price fell pretty sharply, from $46k to $44 in less than an hour, and it began consolidating on its way down and it is currently trading at around $42,900. Honestly, I desperately want it to stop falling (duh) but I get the feeling things may get a bit worse before they get better.

One of the reasons why BTC may have crashed is the number of actively trading wallets has gone down. About a year ago we had 1.2m actively trading wallets and now we’ve got 971,000, which means there are fewer wallets that are buying and some wallets (may) have been emptied to sell and get out. On top of that, many holders are moving their BTC from cold wallets to hot wallets and/or exchanges, nothing’s happened so far but it looks like the preview of a massive sell-off. Or at least that’s what the market thinks it is.

The second reason is the Kazakh government has resigned, pretty much overnight (not literally, it didn’t happen last night) amid harsh protests, mainly due to rising prices of goods and services, especially fuel. To add fuel to the fire (sorry, pun unintended), the country’s main (you might as well call it monopolistic) internet provider, Kazakhtelecom, literally shut down the internet. Why is this relevant? That’s because Kazakhstan is the world’s second-largest bitcoin miner. The hash rate has gone down by 13.4%, again, pretty much overnight.

The third reason is that even though we tend to think of bitcoin as a hedge against inflation, it actually often follows the pattern of institutional sentiment and tech stocks. The Fed has been sharing bad news for days. First, they admitted that yes, inflation is not going away soon, then they shared a document, which made analyst say, “so is the R-word coming?”

What are you going to do? Sell and buy back again or hang in there and resist?

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