Let’s Talk About Altcoin Experimentation
Despite bitcoin being around for over a decade, this is still a nascent asset class with the majority of growth, adoption, and utilisation ahead of us. Since we are in the formative stages and the industry is still maturing, there is a lot of room for copycats to get funding and try to make a […]
Beware The Altcoin Army Of Grifters & Grovellers
We all have different paths into bitcoin; some lucky few find bitcoin and stick with it, and the rest of us have to go through the labyrinth that is the altcoin market. Having had my days of “shitcoining” myself, I know first-hand the various pitfalls that can be put in your path to ensure you […]
What Is Shitcoin Liquidity Risk?
Investing or gambling on shitcoins is probably one of the riskiest trades you can participate in, apart from leverage trading on bitcoin. Shitcoins are leveraged bets on bitcoin. Most traders betting on shitcoins are looking to channel additional volatility through the shitcoin market. The thought process is when bitcoin goes up, people will roll out […]
Dealing With Shitcoiner Stockholm Syndrome
As they say, a sucker is born every minute, and in the shitcoin space, one is minted every minute. Eventually, one of your loved ones will fall victim to this plight we currently find infiltrating wallets worldwide. If you thought inflation was an attack on your bank account, shitcoins are an all-out war for your […]
Why Low Fee Or Free Blockchain Transactions Is A Lie
As a bitcoiner, you have to deal with all sorts of FUD and malicious marketing by unregistered securities pretending to be currencies. Users and holders of these securities will look for any excuse to sell you on their solution. If there’s one critique that these proponents continue to hold onto, then it’s the fact that […]
Shitcoins Play Into Activity Bias
The fiat system’s decline manifests in all sorts of strange behaviours which seem perfectly rational under the circumstances. The need to keep pace with inflation, either to remain in the same place or gradually ahead of it, drives people to extremes. The modern worker either has to roll the dice at the investment casinos known […]
What Are Honeypot Shitcoins?
As the value of bitcoin continues to rise, new investors may feel they’ve missed the bus; unit bias encourages them to look for something “cheaper”, which leads them down the path of alternative coins. Since buying one bitcoin seems out of the range of the average person, the idea of buying 1000, 10 000 or […]
What Is A Bitcoin Affinity Scam?
In the bitcoin and crypto space, there are scams galore; you honestly don’t have to venture deep into it. All it takes is listening to the wrong YouTuber, following the wrong Twitter account or reading a PR puff piece masquerading as journalism, and you’ll find someone trying to sell you on a get rich quick […]
The Temptation For Content Creators To Shitcoin
Bitcoin is a nascent asset class, and even at 13 years in the making, the vast majority of the planet does not realise it even exists. Of the population that does, most do not own it. When something is so new, volatile, and daunting to begin to understand, it alienates many people from getting into […]
Lesson Learned – I Should Have Just Stuck With Bitcoin
You know the story. For the most part, we all got sucked in to the allure of BTC as we saw the fiat value of it rise up. Many thought they missed the boat, myself included as I FOMO’ed in and firmly planted “Flag Nicky” on the top of the 2017 summit at $20k (£13,500 […]