How Are My Investments Doing?
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