RANT: the Euro is f***d. And it has been from the start

I wish to state from the outset that I was born and raised in a country that’s been part of the European Union from the start. It wasn’t even called that back then. When I was around 14 years old, we gave up our old currency and switched to the EURO and that’s where the trouble started.


I don’t particularly like the European Union, in fact I am now living outside of it and have been for about a year, but what I really, really dislike is the EURO.


There are many issues with the common currency, chief among which is the fact that the European Union Commission and the ECB are in love with this narrative where they act like they’re in charge of a nation, when they’re not.


This is the biggest flaw – or certainly one of the biggest – of every entity that runs the EU because the European Union is not a country and it will never be one. It is a forum where 27 countries with drastically different interests co-exist.


19 of the 27 countries that compose the EU use the EURO, plus Montenegro and Kosovo that have both unilaterally adopted it and use it as a de-facto currency at a state level.


Leaving these two aside, because they’re not part of the EU so what they do doesn’t matter from a policy-making perspective, those 19 countries have completely different economies.


The Federal Reserve has many, many, many flaws. But at least when it creates new policies and makes decisions, it does that for one country and one country only and that’s the United States. And yes, of course, I’m aware that the 50 countries in the U.S. are also different but it is not the same thing.


Why? Simple. The U.S. is a nation. The European Union is not.


People from California and Texas may dislike each other, and they do, but they share the same nationality, the same passport, the same federal government and institutions, the same anthem, the same national teams and speak vaguely the same language.


People from Italy, Greece, Germany and Ireland (four random examples) have nothing in common apart from the EURO.


The EURO is a failed project. It has been kept on life support pretty much since its inception and it is now falling, almost at parity with the U.S. Dollar, because the ECB and European Commission don’t have the power and the vision to make decisions about it. Not even the wrong ones.


Croatia will join the EUROzone on January 1, 2023 and I predict that the same thing that happened to my country will happen to them. You go to sleep and then you wake up and boom, just like that, your purchasing power has gone down. Your salary is the same, but the price of your groceries has doubled.


They can keep their EUROs, I’ll gladly keep my crypto and my RSD.


Rant over. Sorry. Normal service will be resumed as soon as possible.



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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

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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


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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.

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


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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.

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

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

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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.

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

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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.



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

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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

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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