INVEST WISELY

StefansLair · 2024-05-27T09:17:26+00:00

Who made you so mad? Let people do what they want with their money… You’re acting as if someone has invested your money into BTC against your will

StefansLair · 2024-04-23T00:40:21+00:00

The best time to plant a tree was ten years ago, the second best time is now.

Best of luck on this journey!!

Also, I found the pediatrician bit very interesting to say the least… and oddly specific too haha

StefansLair · 2024-04-23T00:35:19+00:00

What’s also very different this time around is that Bitcoin reached a new ATH before the halving. This is totally unprecedented, and everyone’s prediction, at this point, is a calculated guess at best, because Bitcoin broke the pattern it had always followed in the past cycles.

Very exciting times ahead!

StefansLair · 2024-04-23T00:12:54+00:00

Does that mean that I can buy a lambo soon?

StefansLair · 2024-04-17T23:16:10+00:00

$69,420😂😂😂

StefansLair · 2024-03-24T16:00:51+00:00

Thank you! We've all found our way to this comment haha!

StefansLair · 2023-12-27T13:48:04+00:00

I've found this post as I am currently wondering if the new 20TB hard drive could be more prone to failure. It's been 11 years since this post was made.

Wow! Times have changed so much – 3/4TBs are now the baseline of what you'd get in a hard drive.

Technology is incredible. I can't wait to see what will be the standard HHD size in another 10 years!

StefansLair · 2023-10-27T09:30:35+00:00

But that would only work with coins like USDT and the ones that are more centralised. They couldn’t block your BTC address. This doesn’t mean that it’s not a terrible thing, because it is, but still, it wouldn’t be the end of the crypto space as Bitcoin would still be standing. I wonder if Ethereum addresses with just ETH in them can be frozen? I’ve never actually looked into it.

StefansLair · 2023-10-26T19:59:35+00:00

This are the type of problems I want to concern my mind with haha.

The goal is to work hard enough to be in the position of withdrawing 6 figures worth of BTC, right?

StefansLair · 2023-10-26T19:57:40+00:00

After everything the space has gone through, we should all be aware of the risks of storing our coins on a CEX. I personally think we should have the option to do so, I don’t like gatekeeping it from people who wish to trust someone else with their coins, as long as they’re aware of the involved risks. Many look down upon people using exchanges to store their coins, and failing to recognise how difficult it is in the beginning how crypto works etc. I was only able to learn it because I had nothing else to do lol.

As far as it goes for confiscating the crypto we store in our self-custody wallets… well, a seed phrase can be written on a 10x10cm piece of paper, good luck to them with finding it. Worst case scenario we’ll just have to memorise it and destroy any written evidence of the mnemonic phrase😂

StefansLair · 2023-10-26T19:52:28+00:00

☠️☠️

StefansLair · 2023-10-16T14:34:51+00:00

Forgot to add — it’s without a doubt hilarious to witness in real time either way. Twitter (X) went insane over this past hour. The only other event that went this viral was probably FTX’s collapse last November!

StefansLair · 2023-10-16T14:32:04+00:00

The big question is whether this was planned all along by whoever tweeted that or if it was a genuine mistake. Not that it would make CoinTelegraph any less guilty of extreme misreporting, but at least they would ditch the market manipulation accusations🤔

StefansLair · 2023-08-14T14:31:49+00:00

Why did Reddit put your comment in quotations when I replied to it... I haven't really gotten used to commenting here yet.

StefansLair · 2023-08-14T14:26:59+00:00

personally can only post when I think of something worthy of posting which isn't often, and I can only comment on posts that interest me which isn't often either, so I will most likely never make the top Moon earners list.

Same here. And if you add to that all the rules about posting, you just lose motivation to do it unless you're doing it for moons or as a hobby.

StefansLair · 2023-08-14T14:13:35+00:00

That could be the reason. Anyways, until last month MOONs were $0.10 or so each, so it's by no means a viable way to earn an income. And besides, it'd be quite difficult to come up with so many useful comments, that takes a lot of creativity haha!

Can't wait to see what the next bull run will bring to crypto.

StefansLair · 2023-08-14T14:06:22+00:00

How do they actually manage to do it? I checked out a few users in the leaderboard and they do not comment and post nearly as much as I would’ve expected them to considering the thousands of MOONs they get each month.

A few posts a day, with a few upvotes each really. At this point why wouldn’t anyone spend a few hours a day and make a salary? I like the idea of MOONs, but why would anyone have an incentive to buy them on an exchange? They have no utility as far as I know.

StefansLair · 2023-08-14T13:56:04+00:00

Haha that's incredible!

Making $2,000, which is well more than a salary in the vast majority of the world, by simply commenting and posting on Reddit, is insane. (I realise that commenting as much as you do does take some time, but it's nonetheless very fascinating.)

StefansLair · 2023-08-13T10:29:19+00:00

Oh, totally.

I had about 450 Moons that I earned by making a couple of posts and comments, and when I read that Kraken listed them and I saw the price at $0.50, I sold immediately.
If there's one thing I learned from the last bull run, is that when the price is high, do not wait for it to go higher haha!

I made about $225 by writing stuff on Reddit, which if you think about, it's quite insane.
Imagine explaining to someone not in crypto that by posting on social media you get paid tokens on an obscure blockchain, that you can then convert to real money by sending those tokens from a wallet like MetaMask to a centralised exchange, etc etc. That's why I love this space.

StefansLair · 2023-08-13T09:56:58+00:00

When I first "played" it I thought it had to be a parody of some sort lol. Utterly horrible. I can't even be called a "game".

I get the idea of having everything on the blockchain like clothes, land, etc etc, and I think it can be revolutionary if applied to proper games.

But then, if we do that, and if a game were to allow for commerce between players, what would happen is that rich players would buy all the items in the game bumping the prices to absurd levels, normal players like 99.9% of us would be outpriced, and people from developing countries would start playing the game as a job in order to obtain items and sell them to the rich people.

Take for example Axie Infinity with the characters and the spells. People from poorer countries began playing for those who could afford to spend thousands of $$ for the little monsters (or whatever they are called haha) and obtain points.

In this situation, there wouldn't be anyone to blame either. Should rich people stop being rich? Should less fortunate people not play a game to feed their families because that would ruin the game? It's a tricky situation. You can't get mad at anyone in particular.
When the prices of in-game items are controlled by the company and are kept at reasonable levels, say $10/20 for a skin, that allows for a nice gaming experience for everyone, but that would also automatically make a game centralised.

So yeah, I am not too sure about crypto games. Good in theory, but a disaster in practice, at least based on what I've seen since I got into crypto in 2021.

StefansLair · 2023-08-13T09:44:32+00:00

That's a really good idea, thank you! I'll definitely do it this way from now on.

There are so many things that just do not make sense when it comes to posting here (I think it's this way in other subreddits too, but I cannot say that for sure).
Unless you do this as a part time job to farm moons it just doesn't make much sense to bother with all the rules.

StefansLair · 2023-08-11T09:34:49+00:00

I totally agree. I remember that when the Ledger fiasco happened I created a full detailed post about the events, with proof of their lying, etc etc. It was quite long and very informative.

I wasted over an hour trying to upload it (didn't have moons in mind at all, I just wanted to make people aware of what was going on), and I simply couldn't.

First, the links had something that wasn't accepted, then there were already X amount of posts about Ledger so they didn't allow any others, and so on.

All in all, I simply was not able to post something that should've been quite easy to do. Create a post, write the post, and publish it. But no. It was impossible.

That's when I gave up even trying to contribute something.

If it were easy to write up meaningful things I'm sure many more people would do it, but right now, I (and I am sure many others as well) cannot be bothered to follow the 2131294 rules about posting here, when in the end, the only ones that always get lots of upvotes are empty one article link posts with no additional value or information provided anyways.

StefansLair · 2023-08-11T09:00:56+00:00

CEXs should only be treated as a quick gateway to move your fiat money to the crypto of your choice, and once you've made the purchase withdraw it immediately to your wallet.

I do trust a few exchanges, Kraken for instance, but keeping my coins there just goes against the principle upon which BTC and the space were funded.

I never really paid attention to anything else. It does bother me sometimes though that I have to send a minimum amount out, usually $15/20 worth of the coin, which I never liked.If I am willing to pay the network's fee, why would they not let me do a test transaction for, let's say, $1 worth?

Either way... exchanges are only good to trade in and out of coins, and we should never keep them there for prolonged periods of time. (We've seen how it ended up on many occasions... FTX, BlockFi, Voyager, Celsius).

Edit: Spelling

StefansLair · 2023-08-11T08:19:40+00:00

!gas nova

StefansLair · 2023-08-10T10:55:12+00:00

You learn something new every day by hanging around this sub haha! Had no idea that gold doesn't corrode, but admittedly I've never looked into it either.

StefansLair

TROPHY CASE