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The Good, The Bad, and The Hideous. Part One - The Bad and The Hideous.

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So it has been about ten months since I started dabbling with various crypto DEFI projects.  How have I done?  Have I made lots of loot? The short answer is NO .  In fact, to date I have lost $3,675 USD!  But, fool that I am, I have not lost all hope in DEFI projects.  I am still in two of them, and if either one delivers, (you know the chance of both of them succeeding is minimal), I should at least break even, and possibly make a nice profit. In this post, I am going to quickly describe all the cruddy projects I wasted money on, with the hope that with those turkeys out of the way, in the future I can lavish praise on the projects that actually worked out well for me. Below is a spreadsheet showing my various DEFI "investments".  Yeah, it's probably too small to read, but if you have a massive display, or fantastic eyes, maybe you can discern some of what I'm about to describe written there. The first bad investment I made was something called THORWallet, which is

How Are My Investments Doing?

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If you've read my last few posts, in late April/early May I had high hopes of making big bucks.  I had invested $200 each in three "arbitrage" projects, $300 in some bitcoin "miners", and was hoping that the $400 I had put into DeFi pools on ThorWallet were going to turn around, and become profitable again. So how have things worked out?  The following pic gives a nice visual summary of the status of my "investments": As it turns out, bitcoin "miners" are simply a Ponzi scheme; I will be lucky to get my $300 back.  With the collapse of the price of crypto, the DeFi pools on ThorWallet have also collapsed.  So far I have only gotten $78 back out of my $400.  And most disturbingly, all three of the "arbitrage" projects turned out to be scams, and quickly rug pulled, taking all their investors' money.  I gave these bastards $600, and only managed to get back $25.  Ouch!! To add to this misery, my crypto now is worth at best half of

Arbitrage Obsession!

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So I joined another crazily profitable (maybe?) arbitrage site because, well ..... why not?  I can risk $200 if I stand a pretty good chance of making thousands. The site I joined is called Swapnex.io , and if you join it via my referral link, (  https://swapnex.io/ref/arph001 ), I will be eternally grateful. Which brings up a good point.  While I will be very, very, very grateful if you join via my referral link, that may not be in your best interest.  This is NOT because a referral link causes you any harm, but rather because if you join under a YouTuber who actually knows what he is doing, (such as Alan Cosens or Justin Pratt ), you may get some additional benefits you won't get when joining under me. Besides, these guys know their stuff, and can "sniff out" when a project seems fishy or not.  For example, here is their take on the Metafiyielders.com site which most of the other YouTubers are salivating all over themselves in an effort to heavily promote.  (Gotta ge

It's All About The Arbitrage!

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I'm baaack!  It's been more than a year since my last post, and about as long since I wrote off all attempts at making money online as a foolish endeavor.  But I am back to say that, thanks to crypto, we now can make money online, and in ways that are practically effortless. I've been putzing around with various ways of using crypto to make money, and while ANYTHING INVOLVING CRYPTO IS INHERENTLY RISKY, I believe I've hit upon a couple websites that are a reasonable risk for MONEY YOU WON'T BE DESTITUTE IF YOU LOSE.   I'll go into further detail on each of these guys in future posts, but since crypto is time sensitive, let me go ahead and get you links to each of them now. The first two are arbitrage sites, where you make money by buying crypto at a slightly cheaper price off one exchange, then selling it for a slightly higher price on another.  To do this manually would be very difficult, so what these sites offer is software that searches out crypto price diff

The Man Who Cast His Memories To The Stars

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He was an older guy, overweight, who walked slowly with a cane.  Most clear nights he could be found sitting on a park bench after sunset, slumping over the back of the bench and tilting his head backwards to look at the darkening sky. Curiosity got the better of me one evening, so I walked up to him and asked him what he was looking for up there in the emptiness.   He smiled back at me, and replied, "I'm not looking for anything, young man." My quizzical look prompted him to add, "I'm casting my memories to the stars."  Evidently he believed that he could "preserve" the pleasant memories of his life by mentally sending them out into space.   I didn't ask him how he thought such a thing could possibly work, but instead asked him if he were preserving all his memories, or just the pleasant ones. He scoffed at such a stupid question.  "Of course not!  Sad, unhappy, painful memories: they are all cast into the pit of oblivion, where they belo

Phooey on Making Money Online!!

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  Well poop!  With the latest make-money-online fiasco, (coinpot.co turned out, after two years, to be a scam), I've pretty much given up on all these "instant online riches".  Yeah, if I had listened to my own advice , I'd be better off.  But no one has ever accused me of NOT being hard headed.  (Hey, wanna buy some really cool mosquito t-shirts? ) Since the goal of raking in vast globs of wealth via this blog seem to be nothing more than an illusion, the question arises: what the heck should I do with it? Well ...... just because I absolutely SUCK at all forms of sales and salesmanship, doesn't mean I can't use the internet to increase my wealth.  I'll just have to stick to investing, (or speculating, as the case may be). Another blog on investing?  Ugh.  Listen, just buy a good, low cost mutual fund, (most Vanguard funds are safe choices), and use dollar cost averaging to add to your investments.  Do this faithfully, and you'll eventually be wealthy

Cryptocurrency Opportunities via Coinpot.co

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Oh good grief!  Nevermind ..... Coinpot.co turned out to be a scam! Moral of the story: be very, very, VERY careful who you send money to on the internet!! Great news!  The folks over at Coinpot.co  have recently implemented a " VIP Rewards " program!  Now in addition to accumulating crypto via faucet drips , we can also earn a nice rate of return. For those of you unfamiliar with Coinpot, it is a cryptocurrency microwallet , (IMHO the BEST cryptocurrency microwallet), which as I've already stated allows us to accumulate tiny amounts of cryptocurrency via faucet drips.  What is a "faucet drip"?  It is simply the small payout we get from visiting a cryptocurrency faucet .   Following, (copied from my cryptocurrency page ), are some direct links to the Coinpot faucets: Bitfun.co – a great Coinpot faucet that can pay as frequently as every three minutes. Moonbit.co.in – Coinpot Bitcoin faucet. Moonbitcoin.cash – Coinpot Bitcoin Cash faucet. Moondoge.co.in –