Back in those days there were also so-called crypto enthusiasts—those who are for decentralization and against the banks. Where are you all? Waiting for banks to take further steps? When will governments finally decide something and raise the price of Bitcoin? And on your own Bitcoin, because you practically don’t have any anyway.
As it turns out, there are so few real “crypto enthusiasts” that you could probably count them on your fingers. Everyone else—the vast majority—are ordinary speculators who came into crypto to make a little money for some kind of property.
Why do these thoughts come up? Because the most popular coins right now, in almost all (decentralized) blockchains, are (centralized) USDE...and the key news is laws, legitimizations, and the like.
During the AI boom in 2017, a large number of developers from all over the world had a ton of cool ideas and plans. Then, of course, most of those plans got abandoned by the developers, but at least they were there... Later on, after seven years, the boom of tap-tap games happened. Sure, it was obvious garbage, but it had a certain kind of momentum, didn’t it?
So let’s compare it with the current period.
Right now, there’s almost nothing—silence. Developers ran off to some trendy AI tools, like they’re all so productive. But the result is—nothing. Mostly, only old projects are still in the ranks, and there’s almost no new stuff.
Developers, what are you doing with AI? Drawing kittens? Or are you building some kind of relationships with bots? Romantic ones.
Today I remembered that long ago I registered on BitcoinTalk, and I thought I’d go take a look and see what it’s like. I find the forum, restore my password, log in, and see that in my profile there’s a Bitcoin address listed. I thought, well, now there’ll be a surprise when I see a couple or three bitcoins lying there for almost 10 years on an address that I don’t have the seed phrase for.
But everything worked out—it's empty on that address :))
Almost every day I see some kind of news about another large miner changing its “orientation” to AI, or a company that previously messed around with crypto reserves, like Strategists, and is now selling coins off. Mostly it’s about Bitcoin, but sometimes disappointments with Ethereum slip through as well. And much more rarely—something else.
Do you know which is the most common language in the world by number of native speakers?
Chinese. More precisely—Mandarin, since Chinese includes an enormous number of dialects and Mandarin is the largest of them. This language is considered native for more than one billion people. It is official in China, Taiwan, and Singapore.
And now Mandarin is supported by our Leminix.
柠檬石 (Nin-meng shı) — translates as “lemon stone,” and this is exactly how our brand is written in Mandarin.
Despite the fact that I’ve probably already annoyed all my acquaintances and relatives with questions about investments, I still sometimes ask them such a question: what are they investing in? And usually (almost always) I hear the same thing in response: “what investment, where would the money for that even come from?” It’s astonishingly strange how people manage to always have no money for the most important things.
Why is the ONY price on the Lemonnix website different from the price on CoinMarketCap?
CMC sets prices based on actual trades and does not take the current situation into account. The indicator on the website calculates in real time (right now). ONY is traded on PancakeSwap only against BNB, so any fluctuations in the BNB price instantly reflect in the ONY price.
If you haven’t heard this story, I think it will be interesting for you and probably very useful.
Ronald Wayne, co-founder of “Apple Computer” and creator of the company’s very first logo, sold his 10% stake for $800 just 12 days after the company was created (the company was founded on April 1, 1976, and on April 12 Wayne sold his stake). A little later, he received an additional $1,500 for agreeing to give up any claims. According to Ronald, he couldn’t take the risk, because potential problems with Apple could have pushed him into debt. Now, 50 years later, Apple is valued at $4.57 trillion, and the 10% stake is worth $457 billion.
No one knows what what seems very risky today might become, but it’s exactly these most risky and possibly questionable investments that lead to the most interesting stories.
Buy what others are afraid of, invest in what could become everything out of nothing, and don’t rush. There’s no need to “obsess” over those unfortunate 12 days—be patient or simply forget about your shares for a few years.
I'm sure your pockets are already filled with very promising coins that will surely deliver you more Xs, and despite that you'll still have to find a little extra free space. Because failing to buy a pack of ONX as part of our first “angel” program would be a crime. Start— from $1.50 per coin.
Two months since the start of ONY—flight is normal. In July, a skins feature was introduced, allowing you to boost your boosters even more, and it added more interest to the coin itself (for some of the skins, ONY is exactly what’s needed). Meanwhile, the miners’ rating has exceeded $11,500—we’re still playing a very modest game ☺️
"And about the income from the network’s commissions at your restaurant—you probably haven’t heard about it yet."
Well, let’s take a look :)) On July 30, the Bitcoin network earned only $215,000. Which is ridiculously small compared to the burned energy (expenses are measured in the millions).
Commission income is basically tips, for which no restaurant would work.
Did you happen to not count how many bitcoins are left to mine? And how much is that at the current price in dollars?
Already mined 20.06 million BTC out of the final issuance of 21 million. That means 940 thousand bitcoins are left to mine, and at the current ~65 thousand per coin that’s only (!) 61 billion dollars.
If anyone found it funny that I wrote “only,” then just for interest, google the approximate market cap of the entire bitcoin mining business. According to different estimates it’s from 30 to 50 billion. Which means either the price of bitcoin is too low right now, or the capitalization of the miners is too overestimated.
For example: imagine you own your own restaurant, say valued at one million dollars, and everything you can earn from it over your entire lifetime is two million dollars. And not clean money, but very, very dirty :))
Over these past weekends I read both parts of “The Neo-Feudal Apocalypse.” If I didn’t know the author, I would have been very surprised by the coincidence of views, many of which I’ve described in my “Daiquiri.” Here, too, is the emphasis on the importance of digital activity—building a business in the information space, in blockchain, creating your own digital platforms, and accumulating digital assets. Here, too, is mention of digital nomads, nations, and religions. And of the irreversible unfolding of very bleak events for most of the population.
Despite the different approach in our books, they somehow complement each other perfectly.
If you’re still living “the old-fashioned way,” just working and waiting for a state pension, and you’re sure everything will be fine for you… then you especially should read these books.
Never wondered why traders, as a matter of fact just ordinary working guys, prefer highly liquid markets where they could quickly cash out their hundred dollars, while billionaires calmly make money in low-liquidity markets, taking the salaries of those very workers?
Probably all of us know the power of small, almost imperceptible, regular actions. No matter what we do, no matter what habits we bring into our lives—all of them lead to some kind of result (or consequences, if the habits aren’t the most beneficial). Sports, art, a new profession, a foreign language—yes, anything else. By dedicating a little time to something every day, over the years we become better and better.
The same thing works when building your own business and when investing. The longer we work on a project, the more it grows into something bigger. And the longer we invest, the more capital we ultimately accumulate.
The main thing is not to stop. Put together for yourself that very ideal collection of useful habits and don’t “unlearn” it for years and decades, and maybe even add something new to it 🥰
Do you know what many owners of Onyx miners in Minter think about? Especially the large ones that grew on WTF that was purchased at still 5-10 cents.
They think: “Wouldn’t it be great if we could get these coins out right now and cash them in.”
But the whole secret is that exactly because these coins can’t be taken out of the miners, they were able to grow so strongly. If they could be withdrawn, the miners’ valuation would collapse instantly.
But then again, you could have bought WTF and simply held these coins for a couple of years. And now sell them for almost 100 times more, if they were bought at the very bottom.
You could.
But the second secret is that only a tiny (!) percentage of people can hold something despite a multiple increase in price. Almost everyone else sells it off quickly.
Fear prevents you from holding an asset that’s rising in value.
That’s the second reason why WTF was able to grow so much. On the early Xs, almost everyone dumped, and simply couldn’t keep the coin from continuing to rise. And accordingly, increase the valuations of all miners.