Johnmiracleweb3
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How do you become a validator after you manage to acquire 32 ETH?
I have nowhere near 32 ETH (31.75 left to go…) I was curious about the process and if anybody knew how to become a validator once you get the required amount of ETH.
Is it easy to become a validator? It all seems like a very complicated process to me. Also can you dumb this process down for me, I don’t understand all the fancy crypto words lol.
Is the process worth it as far as risk/gain? I have so many questions about this process. Asked the question yesterday in the daily but didn’t get too much discussion and answers.
Hopefully some of you can tell me about it, I am absolutely incredibly interested and curious about this subject.
Also I have done some googling about it but couldn’t find any articles dumbed down enough for me to understand, I do not want to become a validator just curious and interested about the process, maybe mix up the topic on this sub away from the usual.
As always, I hope everyone is having a good day, I am just over here killing time at work, thanks ahead of time for taking the time to read this and providing input on this process, I really appreciate it.
P.S Drop your answers in the comment, we're learning
#Johnmiracleweb3 #crypto2023
I have nowhere near 32 ETH (31.75 left to go…) I was curious about the process and if anybody knew how to become a validator once you get the required amount of ETH.
Is it easy to become a validator? It all seems like a very complicated process to me. Also can you dumb this process down for me, I don’t understand all the fancy crypto words lol.
Is the process worth it as far as risk/gain? I have so many questions about this process. Asked the question yesterday in the daily but didn’t get too much discussion and answers.
Hopefully some of you can tell me about it, I am absolutely incredibly interested and curious about this subject.
Also I have done some googling about it but couldn’t find any articles dumbed down enough for me to understand, I do not want to become a validator just curious and interested about the process, maybe mix up the topic on this sub away from the usual.
As always, I hope everyone is having a good day, I am just over here killing time at work, thanks ahead of time for taking the time to read this and providing input on this process, I really appreciate it.
P.S Drop your answers in the comment, we're learning
#Johnmiracleweb3 #crypto2023
Are you holding Altcoins this bear market? What strategies are you using to make sure you get rich
Last cycle i was one of the people that thought there was just so much more potential in altcoins that i had turned my back to btc and ethereum, to be honest it back then it was not a mistake, i made pretty insane returns holding alts like, doge, cardano, luna (yes i know), but back then i didn't really see a reason to put my money elsewhere
So why have i changed my mind even though i made nice gains, to put it simply...it was too much risk, crypto is cyclical...
The cryptocurrency markets have experienced several boom and bust cycles in the past, with periods of rapid price growth followed by sharp declines.
These cycles are often attributed to various factors such as market speculation, regulatory changes, investor sentiment, and technological advancements. Some believe that these cycles are a natural part of the cryptocurrency market's evolution and can provide opportunities for investors to profit from price swings.
Alts experience these swings much like bitcoin and ethereum, but if you miss your window it can leave you holding bags worth -97% of what was once worth.
So they might give you a nice 100x if you invest in the correct alts during bear market and cash out during the bullrun, but if you hold them too long you might have to take the loss, or even dca during the whole bear market hoping for another run.
Last cycle i was lucky, i did a 5x with ada, then i did a 3x with luna, i managed to escape ust collapse because i sold everything at $100...if i had held it even 1 week longer i would be done, game over. This type of risk is what drove me away from alts...so my question is:
What will you do this cycle?
Take the risk and buy alts right now in the bear market?
What type of strategies and precautions will you take to make sure you won't be left holding bags?
#Johnmiracleweb3 #cryptocurrency
So why have i changed my mind even though i made nice gains, to put it simply...it was too much risk, crypto is cyclical...
The cryptocurrency markets have experienced several boom and bust cycles in the past, with periods of rapid price growth followed by sharp declines.
These cycles are often attributed to various factors such as market speculation, regulatory changes, investor sentiment, and technological advancements. Some believe that these cycles are a natural part of the cryptocurrency market's evolution and can provide opportunities for investors to profit from price swings.
Alts experience these swings much like bitcoin and ethereum, but if you miss your window it can leave you holding bags worth -97% of what was once worth.
So they might give you a nice 100x if you invest in the correct alts during bear market and cash out during the bullrun, but if you hold them too long you might have to take the loss, or even dca during the whole bear market hoping for another run.
Last cycle i was lucky, i did a 5x with ada, then i did a 3x with luna, i managed to escape ust collapse because i sold everything at $100...if i had held it even 1 week longer i would be done, game over. This type of risk is what drove me away from alts...so my question is:
What will you do this cycle?
Take the risk and buy alts right now in the bear market?
What type of strategies and precautions will you take to make sure you won't be left holding bags?
#Johnmiracleweb3 #cryptocurrency
What people expect to happen, the opposite happens.
Let's do a real life case study with DOT in just 7 days.
On October 24th around 115,000,000 DOT will be unlocked from the previous crowdloans two years ago. That's around $400,000,000 unlocked at the same time, at an all time low MC value, in a bear market.
What do you guys really think will happen?
In the DOT community chats I've been reading, people are saying "Most of that will go straight into staking", which is possible, and probably wise.
"Most people bought above the current price, no way they will sell at a loss". Uhm sir, where have you been the past two years?
Everyone and their grandmas has been selling at a loss for almost 2 years in a row lol
I've read people say the DOT has had poor price action because so many people are worried about what's going to happen after these unlocks, and maybe they are waiting until after the unlock to buy more. Which seems like a fair assumption, logically it makes sense.
I personally think we will see a massive dump, maybe straight to under $3. which will quickly be bought up by DOT bulls and the people waiting.
Then I think the price will go back to current values of around $3.75 and maybe higher, for the short term anyway.
But what do you guys think?
People that aren't really familiar with DOT or biased towards it, with the information of $400,000,000 being unlocked, in a bear market, at ATL prices, what do you think will happen?
We can use this general predictions, and the true outcome (which is in 7 days), to kind of compare between, what people think will happen, what actually happens (opposite of prediction)
#Johnmiracleweb3 #cryptocurrency #crypto2023
Let's do a real life case study with DOT in just 7 days.
On October 24th around 115,000,000 DOT will be unlocked from the previous crowdloans two years ago. That's around $400,000,000 unlocked at the same time, at an all time low MC value, in a bear market.
What do you guys really think will happen?
In the DOT community chats I've been reading, people are saying "Most of that will go straight into staking", which is possible, and probably wise.
"Most people bought above the current price, no way they will sell at a loss". Uhm sir, where have you been the past two years?
Everyone and their grandmas has been selling at a loss for almost 2 years in a row lol
I've read people say the DOT has had poor price action because so many people are worried about what's going to happen after these unlocks, and maybe they are waiting until after the unlock to buy more. Which seems like a fair assumption, logically it makes sense.
I personally think we will see a massive dump, maybe straight to under $3. which will quickly be bought up by DOT bulls and the people waiting.
Then I think the price will go back to current values of around $3.75 and maybe higher, for the short term anyway.
But what do you guys think?
People that aren't really familiar with DOT or biased towards it, with the information of $400,000,000 being unlocked, in a bear market, at ATL prices, what do you think will happen?
We can use this general predictions, and the true outcome (which is in 7 days), to kind of compare between, what people think will happen, what actually happens (opposite of prediction)
#Johnmiracleweb3 #cryptocurrency #crypto2023
Time to Short Pepe to $0 - Sell or Get Burn Out
Pepe, the memetic cryptocurrency, faces a series of challenges as its main Telegram channel experiences unauthorized access and a prominent social media account associated with the project falls into the hands of alleged scammers. While the original PEPE team claims hacking, the current account owner suggests internal disagreements within the team.
Community sentiment is shifting as concerns about authenticity and investment opportunities arise.
The compromised Telegram channel, once a major communication platform for Pepe enthusiasts, now urges the community to help shut it down and establish a secure alternative. On another social media platform, "LordKekLol" is now controlled by potentially malicious individuals promoting scams and misleading investors.
The authenticity of information from these channels is questioned by community members, leading to caution and calls for verification. Pepe's coin value has dropped by over 3%, exacerbated by significant sell-offs and project contributors reportedly dumping a large amount of PEPE on a centralized exchange.
Pepe has a high chance of going to zero this time, currently about $280+ million marketcap, losing a single whale will send them down to earth.
Not financial advice.
#Johnmiracleweb3 #crypto2023
Community sentiment is shifting as concerns about authenticity and investment opportunities arise.
The compromised Telegram channel, once a major communication platform for Pepe enthusiasts, now urges the community to help shut it down and establish a secure alternative. On another social media platform, "LordKekLol" is now controlled by potentially malicious individuals promoting scams and misleading investors.
The authenticity of information from these channels is questioned by community members, leading to caution and calls for verification. Pepe's coin value has dropped by over 3%, exacerbated by significant sell-offs and project contributors reportedly dumping a large amount of PEPE on a centralized exchange.
Pepe has a high chance of going to zero this time, currently about $280+ million marketcap, losing a single whale will send them down to earth.
Not financial advice.
#Johnmiracleweb3 #crypto2023
A lot of people seem to be falling for the Solana hype. But the top 10 wallets hold 10% of supply and the top 100 own over 30% of it. That's a big risk to take if/when they decide to sell. FTX also still holds a lot to sell to recover funds
Solana used to be the butt of the jokes here and generally in crypto circles but money and greed is a big motivator. All of a sudden you were seeing posts of bullishness and hype in crypto circles when the prices started to pump.
Gone was the fears of VC investment and big insider firms and individuals who control/own it. Also gone was the talk of how unreliable the network was. I will say that they seem to have made improvements to the network but that's far from saying it is sufficient and acceptable.
But the network is far from decentralized which is supposed to be the aim in crypto. CoinCarp has the stats:
It's clear that just a small portion of wallets own much of the supply anyway you look at it. This is of course a big risk to take if you plan to hold Solana. On top of this, FTX/Alameda themselves held and still hold large numbers of SOL and this was their second largest token holdings after FTT.
Courts have approved FTX to sell 100 Million in tokens value every week. Naturally, as SOL is one of their largest holdings it will be one of the larger sells the perform to recover customer funds.
#Johnmiracleweb3 #BTC #sol
Solana used to be the butt of the jokes here and generally in crypto circles but money and greed is a big motivator. All of a sudden you were seeing posts of bullishness and hype in crypto circles when the prices started to pump.
Gone was the fears of VC investment and big insider firms and individuals who control/own it. Also gone was the talk of how unreliable the network was. I will say that they seem to have made improvements to the network but that's far from saying it is sufficient and acceptable.
But the network is far from decentralized which is supposed to be the aim in crypto. CoinCarp has the stats:
It's clear that just a small portion of wallets own much of the supply anyway you look at it. This is of course a big risk to take if you plan to hold Solana. On top of this, FTX/Alameda themselves held and still hold large numbers of SOL and this was their second largest token holdings after FTT.
Courts have approved FTX to sell 100 Million in tokens value every week. Naturally, as SOL is one of their largest holdings it will be one of the larger sells the perform to recover customer funds.
#Johnmiracleweb3 #BTC #sol
Crypto Card Fees, everybody hates them. Checkout this list of Crypto Card Platform and their fees
So, fees suck but they are there and wont go away anytime soon. If you wanna fomo into them shitcoins you have to account for the loss you take in fees alone before calculating ROI.
Well, anyhow. I compiled a short list over a few exchanges/vendors that allows you to buy coins with card so that you know which ones to avoid :
Binance: 1.8% - 2.5%
Bitbuy: Around 1.5% - 4%
Bitpanda: 1.49% - 4.99%
Uphold: Around 2.5% - 3.5%
KuCoin: Around 2.5% - 5%
OKCoin: Around 2.9% - 3.9%
BitMax: Around 2.5% - 3%
Utrust: Around 2.5%
InstaDapp: Around 2.5%
BlockCard: Around 2.5%
Gemini: Around 3.49%
ShapeShift: Around 2-4%
Cashaa: Around 3%
Indacoin: Around 3.5%
Bitit: Around 3.9% - 5%
Bitfinex: Around 3.3%
Liquid: Around 2.6%
MoonPay: Around 2-4%
Coinbase: Around 3.99%
BitMart: Around 3.99%
CEX Markets: Around 4%
Bitexbook: Around 4%
Paybis: Around 4.5% - 9% (No one should buy this shit with 9% fees)
Changelly: Around 5%
Coinmama: Around 5.9%
CoinSwitch: Around 5%
BitStamp: Around 5%
BitFlip: Around 6%
XCoins: Around 3% - 5%
BuyUcoin: Around 1.5% - 3%
Kraken: 3.75% - 4%
Cex.io: 2.99% - 3.5%
Simplex: Around 3.5% - 5%
Unicorn: Around 2.8%
eToro: Variable
Wirex: Variable
The percentages are approximate and varies based on factors such as your location, verification level, payment method, and the specific cryptocurrency you're purchasing.
If you want to avoid humongous fees, use bank-transfer whenever possible.
So, be vigilant and dont lose out on them fees!
PS I'm too lazy to arrange them in ascending order 😄
#Johnmiracleweb3 #crypto2023
Well, anyhow. I compiled a short list over a few exchanges/vendors that allows you to buy coins with card so that you know which ones to avoid :
Binance: 1.8% - 2.5%
Bitbuy: Around 1.5% - 4%
Bitpanda: 1.49% - 4.99%
Uphold: Around 2.5% - 3.5%
KuCoin: Around 2.5% - 5%
OKCoin: Around 2.9% - 3.9%
BitMax: Around 2.5% - 3%
Utrust: Around 2.5%
InstaDapp: Around 2.5%
BlockCard: Around 2.5%
Gemini: Around 3.49%
ShapeShift: Around 2-4%
Cashaa: Around 3%
Indacoin: Around 3.5%
Bitit: Around 3.9% - 5%
Bitfinex: Around 3.3%
Liquid: Around 2.6%
MoonPay: Around 2-4%
Coinbase: Around 3.99%
BitMart: Around 3.99%
CEX Markets: Around 4%
Bitexbook: Around 4%
Paybis: Around 4.5% - 9% (No one should buy this shit with 9% fees)
Changelly: Around 5%
Coinmama: Around 5.9%
CoinSwitch: Around 5%
BitStamp: Around 5%
BitFlip: Around 6%
XCoins: Around 3% - 5%
BuyUcoin: Around 1.5% - 3%
Kraken: 3.75% - 4%
Cex.io: 2.99% - 3.5%
Simplex: Around 3.5% - 5%
Unicorn: Around 2.8%
eToro: Variable
Wirex: Variable
The percentages are approximate and varies based on factors such as your location, verification level, payment method, and the specific cryptocurrency you're purchasing.
If you want to avoid humongous fees, use bank-transfer whenever possible.
So, be vigilant and dont lose out on them fees!
PS I'm too lazy to arrange them in ascending order 😄
#Johnmiracleweb3 #crypto2023
Are you planning to sell all your portfolio in the next bull run?
One of the comments that I read the most in the crypto space, and specially in this subreddit, is people regretting not taking profits in 2021.
It seems like a lot of people got to greedy and lacked an exit strategy. As a consequence, they were left behind holding their bags.
Moreover, there’s plenty of people who purchased altcoins primarly due to FOMO and hype. As we all know, altcoins tend to perform poorly in the bear market and some individuals can’t wait to sell them once the price surges and they break even.
My question is to those of you who can’t wait to sell your coins in the next bull run.
Will you sell all (or most) of your portfolio?
Or are you here for the real long term?
I know that it’s impossible to predict when the next bull run will be, and it may be longer than we expect, but what are your plans
#Johnmiracleweb3 #cryptocurrency
One of the comments that I read the most in the crypto space, and specially in this subreddit, is people regretting not taking profits in 2021.
It seems like a lot of people got to greedy and lacked an exit strategy. As a consequence, they were left behind holding their bags.
Moreover, there’s plenty of people who purchased altcoins primarly due to FOMO and hype. As we all know, altcoins tend to perform poorly in the bear market and some individuals can’t wait to sell them once the price surges and they break even.
My question is to those of you who can’t wait to sell your coins in the next bull run.
Will you sell all (or most) of your portfolio?
Or are you here for the real long term?
I know that it’s impossible to predict when the next bull run will be, and it may be longer than we expect, but what are your plans
#Johnmiracleweb3 #cryptocurrency
The USDT Crash Nightmare: Even Non-USDT Users Can't Dodge the Storm!
I keep seeing a lot of posts and/or comments about how "USDT is shady so I don't use it, I prefer USDC instead so I'll be fine even if they're gone". This is a grave misconception that can have serious implications in the future.
I'm here to demonstrate that even if you never touch USDT yourself, you are indirectly using it if you're invested in any cryptocurrency.
The main issue is: USDT has more daily trading volume than all other 9 top-10 cryptoassets combined.
It's safe to say that USDT is responsible for over half the market's liquidity.
As of this moment, the top10 cryptoassets by marketcap, and their daily trading volumes are:
Bitcoin, with a daily trading volume of 5.837 billion USD
Ethereum, with a daily trading volume of 2.564 billion USD
USDT, with a daily trading volume of 11.541 billion USD
BNB, with a daily trading volume of 0.267 billion USD
XRP, with a daily trading volume of 0.386 billion USD
USDC, with a daily trading volume of 1.443 billion USD
ADA, with a daily trading volume of 0.100 billion USD
DOGE, with a daily trading volume of 0.174 billion USD
SOL, with a daily trading volume of 0.348 billion USD
TRX, with a daily trading volume of 0.102 billion USD
If you sum up all the trading volume of the other 9 coins you get a daily trading volume of 11.221 billion USD. Meanwhile USDT's trading volume is 11.541 billion.
The conclusion is what I previously stated: even if you never touched, even if you never even heard of USDT, the market you're invested in is, whether you like it or not, absolutely tainted with USDT trading. If USDT were to pop out of existence, whether to a hack, a scam exit, the SEC, Gensler going Super Saiyan 3 on them or anything of the sort, you will be affected by it.
#Johnmiracleweb3 #cryptocurrency
I'm here to demonstrate that even if you never touch USDT yourself, you are indirectly using it if you're invested in any cryptocurrency.
The main issue is: USDT has more daily trading volume than all other 9 top-10 cryptoassets combined.
It's safe to say that USDT is responsible for over half the market's liquidity.
As of this moment, the top10 cryptoassets by marketcap, and their daily trading volumes are:
Bitcoin, with a daily trading volume of 5.837 billion USD
Ethereum, with a daily trading volume of 2.564 billion USD
USDT, with a daily trading volume of 11.541 billion USD
BNB, with a daily trading volume of 0.267 billion USD
XRP, with a daily trading volume of 0.386 billion USD
USDC, with a daily trading volume of 1.443 billion USD
ADA, with a daily trading volume of 0.100 billion USD
DOGE, with a daily trading volume of 0.174 billion USD
SOL, with a daily trading volume of 0.348 billion USD
TRX, with a daily trading volume of 0.102 billion USD
If you sum up all the trading volume of the other 9 coins you get a daily trading volume of 11.221 billion USD. Meanwhile USDT's trading volume is 11.541 billion.
The conclusion is what I previously stated: even if you never touched, even if you never even heard of USDT, the market you're invested in is, whether you like it or not, absolutely tainted with USDT trading. If USDT were to pop out of existence, whether to a hack, a scam exit, the SEC, Gensler going Super Saiyan 3 on them or anything of the sort, you will be affected by it.
#Johnmiracleweb3 #cryptocurrency
The layman side of me thinks , the fake ETF news is a 3-in-1 trap 🪤
Trap 1. Orchestrated to liquidate green candle chasers
Trap 2. To see how retail investors gon react before the News and after realizing it was fake news
Trap 3. A future gimmick designed to make you lose interest in the future when the actual ETF approval is announced… …
Stay vigilant boys and girls …. [SHARE↗️]
©Nyce Ayuk
#Johnmiracleweb3 #etf #cryptocurrency
Trap 1. Orchestrated to liquidate green candle chasers
Trap 2. To see how retail investors gon react before the News and after realizing it was fake news
Trap 3. A future gimmick designed to make you lose interest in the future when the actual ETF approval is announced… …
Stay vigilant boys and girls …. [SHARE↗️]
©Nyce Ayuk
#Johnmiracleweb3 #etf #cryptocurrency
What's the worst nightmare you've ever experienced in your crypto life?
What lessons have you learned?!
We all experience terrible things until we learn. We have seen Luna collapse, China ban, FTX collapse , wars against exchanges, the fed etc. What was your biggest loss and how did you manage to get over that?!
Every lesson we learn saves us in the future and every time new people get in the space, they keep losing until they learn what they should know the hard way.
Lessons are priceless. Learning the ins and outs of a business including crypto is necessary!
Have you ever asked yourself this question '' What was the worst thing that's happened to me in this space?
These are the lessons I have learned in crypto:
👉 Profits aren't real in crypto until you take profit!
👉 Sometimes not trading is better than doing anything and it's like making gains.
👉 You should never recommend crypto to your family or friends because they will blame you for their losses!
👉 Only YOU can save you in this space! No one can save you in this market.
What Lessons have you learned so far?
Please share in the comment and let us learn from your experience.
#Johnmiracleweb3 #cryptocurrency
What lessons have you learned?!
We all experience terrible things until we learn. We have seen Luna collapse, China ban, FTX collapse , wars against exchanges, the fed etc. What was your biggest loss and how did you manage to get over that?!
Every lesson we learn saves us in the future and every time new people get in the space, they keep losing until they learn what they should know the hard way.
Lessons are priceless. Learning the ins and outs of a business including crypto is necessary!
Have you ever asked yourself this question '' What was the worst thing that's happened to me in this space?
These are the lessons I have learned in crypto:
👉 Profits aren't real in crypto until you take profit!
👉 Sometimes not trading is better than doing anything and it's like making gains.
👉 You should never recommend crypto to your family or friends because they will blame you for their losses!
👉 Only YOU can save you in this space! No one can save you in this market.
What Lessons have you learned so far?
Please share in the comment and let us learn from your experience.
#Johnmiracleweb3 #cryptocurrency
This is the Exact Day of Bull Market
If history repeats itself... it doesn’t it rhythms
Next Bull Market peak could occur 518-546 days after the Halving
That's mid-September 2025 or mid-October 2025
The perfect time
©Alex issa
#Johnmiracleweb3 #BTC #crypto2023
If history repeats itself... it doesn’t it rhythms
Next Bull Market peak could occur 518-546 days after the Halving
That's mid-September 2025 or mid-October 2025
The perfect time
©Alex issa
#Johnmiracleweb3 #BTC #crypto2023
If you have survived:
- LUNA and UST collapse
- 3AC to $0
- BlockFi Celsius bankruptcy
- FTX collapse
- 95% price crash
- Banking collapse
- USDC depeg
- Multiple crypto hacks
- US SEC lawsuits
- Binance FUD
and you are still here, Be proud
Coz You are a Crypto OG now.
#Johnmiracleweb3 #cryptocurrency #bnbburn
- LUNA and UST collapse
- 3AC to $0
- BlockFi Celsius bankruptcy
- FTX collapse
- 95% price crash
- Banking collapse
- USDC depeg
- Multiple crypto hacks
- US SEC lawsuits
- Binance FUD
and you are still here, Be proud
Coz You are a Crypto OG now.
#Johnmiracleweb3 #cryptocurrency #bnbburn
Amazon fell from $110 to $11 before going to $3,000
$BTC dropped from $20,000 to under $4,000 before going to $60,000
Tesla went from $300 to $180 before going to $2,000
The trick isn't just picking the right investments; it's holding them
#Johnmiracleweb3 #cryptocurrency
$BTC dropped from $20,000 to under $4,000 before going to $60,000
Tesla went from $300 to $180 before going to $2,000
The trick isn't just picking the right investments; it's holding them
#Johnmiracleweb3 #cryptocurrency
Bitcoin
2018 Nov - dropped from 6k to 3k
2021 Nov - dropped from 69k to low 40s
2022 Nov - dropped from 21k to 15s
2023 Nov - to be continued…..
#Johnmiracleweb3 #BTC #cryptocurrency
2018 Nov - dropped from 6k to 3k
2021 Nov - dropped from 69k to low 40s
2022 Nov - dropped from 21k to 15s
2023 Nov - to be continued…..
#Johnmiracleweb3 #BTC #cryptocurrency
A very Big Week For Crypto Investors 🚨
*15th November: US PPI Data*
*16th November: Jobless Claims*
The most anticipated of all *17th November: #BTC ETF Decision*
*17th November: Options Expiry*
*Make sure to trade with caution and don't overleverage.*
This is not the time to trade for penny profit
*Position yourself correctly ahead of the next bull market*📈
#Johnmiracleweb3 #BTC #etf
*15th November: US PPI Data*
*16th November: Jobless Claims*
The most anticipated of all *17th November: #BTC ETF Decision*
*17th November: Options Expiry*
*Make sure to trade with caution and don't overleverage.*
This is not the time to trade for penny profit
*Position yourself correctly ahead of the next bull market*📈
#Johnmiracleweb3 #BTC #etf
If you own at least 1.0 #Bitcoin you are in the top 2% of all addresses that exist today.
If Bitcoin absorbs 10% of today’s global assets (at a $400T valuation) then 1.0 BTC ~ $1.9 million. 🤯
All I know it’s programmed to hit $10,000,000 and that the bottom isn’t in
©Alex Issa
#Johnmiracleweb3 #BTC #crypto2023
If Bitcoin absorbs 10% of today’s global assets (at a $400T valuation) then 1.0 BTC ~ $1.9 million. 🤯
All I know it’s programmed to hit $10,000,000 and that the bottom isn’t in
©Alex Issa
#Johnmiracleweb3 #BTC #crypto2023
A Crypto Influencer accidentally reveals his seedphrase on a stream, loses everything (around $50k)
PSA: this was posted yesterday by another user, but it was a mere Twitter link in Portuguese. I have dug into the story and translated everything to share here, so that we can understand what happened.
The influencer is Ivan Bianco, who has a channel in Portuguese about crypto. He was talking about his DeFi earnings. He was trying to access his Gala account (crypto-related gaming stuff). He wasn't with his phone and had to open a password file to actually make the login.
"Let me log in here folks, on the other screen so that I don't show my account details. [...] I'm not logged in and my smartphone isn't here with me now."
He then proceeds to open Windows explorer and drags the files for a second screen. However, when he opens a "back.txt" file, it appears on the shared screen and everyone could see it:
"Fuck, I screwed up big time! Will have to close the stream and I explain later on. I fucked up big, big time", he said immediately, closing the stream afterwards.
Someone was faster than him, though. A few hours later he did another stream, crying and stating that it was his lifesavings (around $50k USD) and that everything he has comes from DeFi.
"He stole everything man, the money of a lifetime. I can't believe I did this, that I screwed this up"
He then pledged the thief to give it back, because he wouldn't even have money to pay his bills because, again everything comes from DeFi. Apparently, the thief returned part of the funds, but I wasn't able to verify how much.
Well...
Don't store your seed phrase digitally. Ever.;
Even people who apparently know more than the average Joe can screw up big time;
TL;DR
Mate opened his seedphrase while live on YouTube, someone stole his wallet. Part of the funds were returned.
#Johnmiracleweb3 #cryptocurrency
The influencer is Ivan Bianco, who has a channel in Portuguese about crypto. He was talking about his DeFi earnings. He was trying to access his Gala account (crypto-related gaming stuff). He wasn't with his phone and had to open a password file to actually make the login.
"Let me log in here folks, on the other screen so that I don't show my account details. [...] I'm not logged in and my smartphone isn't here with me now."
He then proceeds to open Windows explorer and drags the files for a second screen. However, when he opens a "back.txt" file, it appears on the shared screen and everyone could see it:
"Fuck, I screwed up big time! Will have to close the stream and I explain later on. I fucked up big, big time", he said immediately, closing the stream afterwards.
Someone was faster than him, though. A few hours later he did another stream, crying and stating that it was his lifesavings (around $50k USD) and that everything he has comes from DeFi.
"He stole everything man, the money of a lifetime. I can't believe I did this, that I screwed this up"
He then pledged the thief to give it back, because he wouldn't even have money to pay his bills because, again everything comes from DeFi. Apparently, the thief returned part of the funds, but I wasn't able to verify how much.
Well...
Don't store your seed phrase digitally. Ever.;
Even people who apparently know more than the average Joe can screw up big time;
TL;DR
Mate opened his seedphrase while live on YouTube, someone stole his wallet. Part of the funds were returned.
#Johnmiracleweb3 #cryptocurrency
FTX was a family business fraud . His mother received tens of millions through her PAC.
FTX was a family business fraud . His mother received tens of millions through her PAC. His father advised on tax law, for "free"(& later for $1M). Even his sister was a "consultant". Also, SBF effectively said he has no idea how a $14M "company" property was titled to his parents.Please take all this info as allegedly, just in case SBF to sue my poor butt.Let's start with the father. SBF's father was(later forced to step down) a Stanford law professor with decades of experience in tax law and supposedly corporate bankruptcy by extension. He was also a proud and vocal early investor in FTX as he once quoted as being "very involved in the business". SBF's mother is also likewise a (former) tax Professor at Stanford. She was also a avid political lobbyist and activist in effect, being the co-founder of the PAC Mind the Gap and her questionable writings publications on (avoiding) morals and ethics such as "The Limits of Personal Responsibility" and "Beyond Blame". His mother describes herself with SBF as “partner in crime of the noncriminal sort”. SBF has referred to FTX as "a family business". Make of that what you will.As an aside, that first paragraph alone severely undercuts something Kevin O'Leary said where he once stated that he trusts FTX, in particular because his parents were compliance experts, something that isn't true.In a new lawsuit, SBF's father allegedly specifically advised FTX founders to pursue funnelling of funds into real estate in the Bahamas and questioned how feasible the efforts would be in the face US compliance/tax laws, even acquiring counsel for co-worker Stanford legal professors.It also describes the father as having performed several instance of legal advising despite having no employment/partner relationship with the firm. Later, his father was added to the payroll for 200k/ yr, something SBF's father complained about in an email "threatening" to being up the issue to SBF's mother. His salary was later raised 5x to $1M. And no you didn't read that wrong. He also supposedly arrange to have his sister receive $14,000/mo as a "consultant" in charitable contributions. He also is alleged to have made many instances of very high level management decisions for the firm.SBF's mother, for her part received millions through her PAC Mind the Gap. It is clearly seen FTX exec Singh having made a "donation" of $1M to the PAC. The lawsuit further alleges that Mind the Gap received a further tens of millions more directly from SBF in order to fund Democrat political action. In particular, Singh has already pleaded guilty to campaign finance violations. On this note, SBF's father also drafted tax legislation for the Sen. Elizabeth Warren, showing ever deepening Democratic family ties. And we all know that SBF was the second largest Democratic donor behind only George Soros and had also made significant donations to the Republicans by his own admission.Later, his parents also received around $10M in gifts as well as the infamous $14M property in the Bahamas. SBF stated that this property was meant to be for company purposes and basically this is all a big "oopsie". They also had almost $100k in expenses covered by company funds. Around $5.5M was also gifted to his parents' employer Stanford University.https://www.opensecrets.org/political-action-committees-pacs/mind-the-gap/C00683649/donors/2022https://nymag.com/intelligencer/2023/09/ftx-sues-sam-bankman-frieds-parents-for-millions.htmlhttps://www.nytimes.com/2022/12/12/technology/sbf-parents-ftx-collapse.htmlhttps://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdfhttps://fortune.com/crypto/2022/11/11/sbfs-disgrace-could-make-things-awkward-for-gary-gensler-and-the-democrats/#Johnmiracleweb3 #cryptonews
Sell them all
- SOL
- Matic
- Doge
- APT
etc as seen in the image below.
Recall, FTX was holding about $3.4billion worth of crypto assets before its catastrophic crash.
With major holdings being $Sol, $Ftt, $Btc, $Eth, $Matic $Apt, $Bit and others.
Chances are FTX will get approval to liquidate its crypto holdings starting Sept 13 onward
The proposed plan will allow them to sell up to $200m worth of these tokens every week.
They need to pay creditors so as to restart FTX afresh, and the funds to repay are expected to come from liquidating these assets 👍
Can this lead to helping September hold its record of the most bearish month for crypto??
Watch out for $Sol as that is FTX's highest holdings.
#Johnmiracleweb3 #crypto2023
- SOL
- Matic
- Doge
- APT
etc as seen in the image below.
Recall, FTX was holding about $3.4billion worth of crypto assets before its catastrophic crash.
With major holdings being $Sol, $Ftt, $Btc, $Eth, $Matic $Apt, $Bit and others.
Chances are FTX will get approval to liquidate its crypto holdings starting Sept 13 onward
The proposed plan will allow them to sell up to $200m worth of these tokens every week.
They need to pay creditors so as to restart FTX afresh, and the funds to repay are expected to come from liquidating these assets 👍
Can this lead to helping September hold its record of the most bearish month for crypto??
Watch out for $Sol as that is FTX's highest holdings.
#Johnmiracleweb3 #crypto2023
Ethereum FUD
I'm just wondering - and I ask this with total sincerity - why is Ethereum considered a shit project now by so many?
I keep seeing it shredded in this sub and elsewhere. People mention that other chains are far superior - like AVAX and KASPA.
Are they really and why? Did they solve certain problems that ETH is still figuring out? Wouldn't AVAX fees be just as high if they had a similar level of activity?
I dont know enough on a granular level but was considering adding to my ETH position. I probably still will but the cadence of negativity makes me think I missed something. Thank you in advance for any insight.
#BTC #etf #Johnmiracleweb3
I'm just wondering - and I ask this with total sincerity - why is Ethereum considered a shit project now by so many?
I keep seeing it shredded in this sub and elsewhere. People mention that other chains are far superior - like AVAX and KASPA.
Are they really and why? Did they solve certain problems that ETH is still figuring out? Wouldn't AVAX fees be just as high if they had a similar level of activity?
I dont know enough on a granular level but was considering adding to my ETH position. I probably still will but the cadence of negativity makes me think I missed something. Thank you in advance for any insight.
#BTC #etf #Johnmiracleweb3