First $BTC BTC EFTs became available. Soon, ETH ETFs as well - as soon as the S1s are filed and approved.
Given that an increasing number of cryptoassets will (likely) become available as ETFS in the coming years, do you think it's more or less important that folks continue to secure assets onchain with self-custodial wallets?
Ultimately it begs the question: **Why** **are you in crypto?** Merely for the (expected) price appreciation? To stay in control of your assets? For DeFi, decentralized finance, identity, social networks, etc?
I've started my corporate career and a lot of guys start showing up who have left/had their jobs disappear at mortgage companies. Things feel great. Deals are easily done (I don't work in mortgages btw) and everything seems good. 16 months later financial hell on earth. Things I saw then and along the way (including last year):
A 31 year old guy who loses everything including 12 houses (including his primary).
A mortgage guy who had a bugatti and did a 600k house remodel for a backyard end up with $10k. After making $800k in 2007. That's like 2 mill today. In a year. Ends up with zero assets. No retirement.
A guy recently lose a company that could be sold easily for $3 mill become worthless because of excessive risk taking
I hope this can help you make it to the finish line:
1. Pay your future self first. I don't care if that means owning a small home outright, putting some $BTC /$ETH /$SOL in a long term wallet you don't touch for 10 years. Pay your future self first. Get in the habit. Even if it's $50. Get in the habit.
2. If people know you are in crypto and ask you how much you have, tell them 10%. If you have $250k, that means you have $25k.
3. Lifestyle inflation will destroy most people. I know people that HAD to have the big house. It wasn't enough to have a BIG House. They needed the huge one. It destroyed their crypto position.
4. Your goals are not the same as others, but I think for the majority freedom at a younger age is more valuable than really rich at an older age.
6. Push yourself harder to get more assets when you are younger. Not leveraged assets. Assets you own. I've never met someone who said "I really regret owning several houses outright".
7. Even if you hate your day job, if it pays well, keep it. you can have great investment ideas but they are meaningless without capital.
9. I think the easiest hack is take whatever lifestyle you want and minus one rung AND live a lower lifestyle. This will speed things up tremendously."
#scammer #cryptoking #scam #scamriskwarning $BTC $SOL $PEPE A Toronto investor, Akil Heywood, has been arrested for allegedly kidnapping and assaulting Aiden Pleterski, known as Ontario's "Crypto King," who reportedly lost over $40 million of investor funds. Heywood, who had invested $740,000 with Pleterski and served as an inspector in the bankruptcy proceedings, is accused of trying to extort $2 million in cryptocurrency from Pleterski and the bankruptcy trustee, Grant Thornton. Pleterski was allegedly beaten and held for ransom in December 2022.
Pleterski claims he was forced by his kidnappers to make certain statements in a video apologizing to investors and explaining his losses. Toronto police have apprehended four men in connection with the kidnapping, while one remains at large. The bankruptcy report indicates that Pleterski spent much of the investors' money on personal luxuries, with only a small fraction actually invested in cryptocurrency.
So, right now Bitcoin has a market cap of 1.35T, and all crypto a market cap of around 2.7T.
Market cap of all stocks in USA is around 50T, and for the whole world over 100T.
Difficult to find the actual amount of cash that exists in the world, the amount printed out is a small percentage compared to everyone's net worth combined but I wasn't able to find that, maybe someone has a number to throw into the mix.
Based on these numbers (and any other relevant numbers you can bring to my attention) how much potential do you think Bitcoin $BTC , and crypto in general has for the next year or so, and why?
#decisions #bitcoin First off, I THOUGHT I was a deg. Type of person who sells their house for crypto. Crazy stuff. A few things:
1. I believe we are in the 2-3 major cycle before 2030 and nearly all bets are off by then.
2. Things I've learned: keep your day job, max your income. Your best investment ideas mean zero if you don't have income. I knew a guy who could have put $5k a month for 2 years into crypto but his pride of not working for unwise people got to him. Don't be right. Be rich.
3. Lifestyle inflation will kill you. Fancy apartment, luxury sports car = game over for most people.
4. Do not tell anyone you have crypto-or take your amount and multiply by it 10% max. You have 3 btc-great you have .3 $BTC . You had to sell it at a loss...remember?
5.Small house + electric car + solar all paid off = free. Yes I get debasement. I don't care. you are free and with income can invest in bear markets.
"I fell victim to a girl posing as someone named Magi that I matched with on Hinge. She eventually convinced me to download the NDAX app and also needed me to sign up for steemgovdotcom. We were trading at first and she first got me about 70USD back the first time and she showed me how to withdraw it back into my bank account. We did video chats and she called me twice, while I was still super hesitant, she still convinced me to put in another $2950CAD overall. The steemgovdotcom website is fraud and doesn’t let you withdraw it back to NDAX now. It says I need to play a certain amount of yards to be able to withdraw. I have accepted my defeat, and I’ve just wanted to warn others.
BE very careful guys, lots of scammer out there.
On a positive note, $BTC and other alt coins are on the rise again today.
Chinese 'Bitcoin queen' is locked up: Takeaway worker behind £3billion fraud who ripped off 128,000 investors as she splashed cash in Harrods and tried to buy a £23m Hampstead mansion is jailed for six years
>The Chinese 'queen' behind a £3 billion fraud wich ripped off 128,000 investors as she splashed cash in Harrods and tried to buy a £23 million mansion has been jailed for six years.
>Jian Wen, 42, acted as a front of a Bitcoin scheme and alarm bells rang when she tried to buy some of [London]'s most expensive properties.
>Police raided Wens home and seized a safety deposit box containing digital wallets holding more than £1.4 billion worth of Bitcoin at the time, but its value has now risen to around £3 billion.
>Wen, originally from [China] denied but was convicted of one charge of entering or becoming concerned in a money laundering arrangement at Southwark Crown Court between October 2017 and January 2022.
>The charge related to the laundering of 150 Bitcoin worth around £7.5m.
>Wen had insisted she had no idea the Bitcoin came from the proceeds of fraud and claimed she had been duped by one of the fraudsters, but today she was jailed for six years.
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