In 2015 I bought 8 bitcoins on a whim for $225 each and then forgot about them until the fall of 2021 when Bitcoin climbed to almost $70,000. Suddenly my $1800 investment was worth more than $500,000.
I wasn’t sure what to do… Sell them? Keep them? The problem was that I knew almost nothing about crypto but it was just too much money to ignore so I decided it was time to start learning.
After getting my Firo node setup, I wanted to look for more opportunities to host other master nodes, hopefully ones that would provide a quicker......
I find DeFi is a particularly confusing part of crypto. It seems very abstract and many times the various projects feel like solutions desperately searching......
When looking for master nodes projects I realized there are many projects where the nodes don't require much in terms of system resources, for example......
I've been reading blogs and watching YouTube videos about people making crazy returns in the crypto DeFi space. There are projects suggesting people can earn......
With the crypto market having day after day of losses it's difficult to find anything interesting to invest in. Lots of currencies are "cheap" now......
There is an category of crypto projects which I think of as investment clubs. These projects pool member money in order to make other crypto-related......
Masternodes support a blockchain by validating transactions and adding blocks to the blockchain. Since only one validator is needed per block, different projects have different......
I'm now running master nodes for quite a few different projects. Different projects use master nodes in different ways. In the FIRO project master nodes......
Some of the most understandable businesses in crypto DeFi are the lending and borrowing platforms, like Aave and Compound. These platforms allow users to borrow......
Ethereum mining is dead and most other GPU-mineable coins are currently unprofitable. When Ethereum mining ended all those miners flooded into other coins. Having more......
It's been a year since I started my exploration of all things crypto. Financially, it has been a rough journey. I started 2022 with around 500k, almost entirely in Bitcoin. I started 2023 with something closer to 150k. Of course most of that decline has been due to the crypto winter, and indeed almost all the coins I hold have gone down significantly in the past year, many by 70-80%. If crypto prices recover so will my portfolio since I still hold all the coins. Unfortunately I cannot put the entire blame on the market. I definitely made some bad choices like investing in tomb forks, investment clubs, and buying expensive mining equipment just before the collapse of GPU mining. On the other hand it could have been worse.. I avoided all of the biggest collapses. I had no money in Terra, Voyager, Celsius, FTX, BlockFi or Yield Nodes. All...... Read more
Don’t invest in crypto unless: 1) you can afford to lose everything you invest and 2) you won’t bitch and moan if that happens. I think of crypto investing like going to a casino… enjoy the free drinks and gambling experience because there is a very good chance the only thing you will go home with is a buzz and nice memories.