The last couple of days the crypto market took a nose dive, especially Bitcoin lost, and it’s all because of that so called business man that goes by the name Elon Musk. Earlier this year he invested a shitload of money in Bitcoin and also announced that his Tesla cars would purchasable using this crypto.
Suddenly this week he announced that this wouldn’t happen and that it would be because of fossil fuels being used for mining and transactions. It’s not like the Bitcoins are dug up from the ground, the mining is digital and is run by electricity. The same electricity people driving his Teslas use to charge the batteries. Will they also begin vetting people buying those cars to make certain the only use “green” electricity? Does he understand that all banking systems are run on the very same electricity?
As a business man Musk should have done his research already before purchasing Bitcoin instead of rushing ahead creating a surge. To be honest I’m convinced he purposely have done this to get a nice little tax write-off without considering all the small investors he’s screwing over when destabilizing the market. It must be nice to have the means to do this, but most us don’t and are losing money because of that crook.
Looking at the very graph Mr Musk himself have published on Twitter you can clearly see that there is a massive rise in power consumption beginning at the same time as he himself bought all those BTC’s creating a buzz luring a lot of people to begin mining and trading. In fact, the root cause for this increase is none other than Mr Musk.
Now he’s pushing Dogecoin instead. Honestly, doesn’t those mining rigs run on the same electricity? Or do they siphon the juice out of thin air? Give it a month or two and he’ll most likely do the same thing all over.
Musk should be concerned over the impact his Spacex operations have on the environment rather than crypto mining. Those rockets sent up surely aren’t giving 100% clean exhaust fumes. Where’s the concern over the impact the mining for metals for his cars has? Or the strip mining for lithium for the batteries? Or the impact the cars batteries will have once they’re unusable in the future?
There are a couple of movies with the name Tron, but as far as I know the crypto currency with the same name has nothing or little to do with the movie. The crypto Tron (TRX) though has proven to one of the more stable currencies and now that Bitcoin (BTC) has become unusable for small investors it is also far more interesting. In addition, where the transfer fees on BTC are beyond rude TRX has very modest (if any) fees.
Recently I signed up for and invested in a high yield investment program utilizing Tron, Trx Forever, and it has proven to work beautifully. I invested 10 TRX to begin with, just feel the program, and in 1 week I could withdraw my principal without a hitch (the withdrawal was carried out instantly). So I reinvested those 10 TRX back into the program and lo and behold, another week later I had a profit of 20 TRX which I withdrew.
At this point I reinvested another 10 TRX and kept my principal making me breaking even, from now on it will be just profit as I will keep taking out more than I put in. In another week I’ll be withdrawing 30 TRX and put 10 TRX back in giving me a working investment earning me dough of 40 TRX. I’ll keep doing this for a while until I have some major funds so I can put a little into their second plan which pays 15% daily instead of 12%. I may very well raise the investment amount in the lesser plan as well once I’m seeing some real profit to speed things up a bit.
Minimum investment on the lesser plan is 1 TRX which means that basically anyone can get going without it costing an arm and a leg. The greater plan has a minimum investment of 1001 TRX and when I’m in there I will have two investments working simultaneously earning me more TRX. The 12-15% daily are supposedly for life, but programs like these tend to disappear sooner or later although I’m keeping my fingers crossed it won’t, so it should be during the lifespan of the site.
If you don’t have any TRX you most likely have another crypto and can easily swap some of that in your wallet to get what you need. Myself I’m using FaucetPay to hold my TRX (and other currencies).
Remember to never invest money you can’t afford to lose!
Betfury looked like a nice setup, a chance to earn some satoshis without too much effort. Right!
They have a box option to claim free satoshis every 20 minutes and until yesterday the amount available to claim was 10 satoshi. They also have boxes available to invest and earn from, among others one that appears to be available for free members to invest in where you can earn 7% in 7 days or 10% in 30 days from 7,500 satoshi.
So I went about claiming to get those 7,500 without making any deposit, that’s 750 claims. Then came the day when I had the funds gathered in my account and now came the first cold shower. To purchase a box you first have to stake 80,000 satoshi in the games at the site!
I’m not a gambling man, so I figured that I’d withdraw the funds as they have a minimum withdrawal of 5,000 satoshi just to find out they have a withdrawal fee of 7,500 satoshi which I think is an obscene amount to charge for withdrawing. However I thought to myself that I’ll keep claiming and by the time I had made another 250 claims they suddenly changed the claim amount to 5 satoshi, they cut it in half.
By now I am rather fed up with this site and go to withdraw, with all the effort put in I do want something in return, just to learn that I have to have the minimum amount to withdraw plus the withdrawal fee in my account. That’s 12,500 satoshis that has to be there which means another 500 claims after they’ve cut the claim amount in half!
At this point I would like to say “blow me”, but they have already screwed me sideways so instead it will be:
For those of you who do gamble you can find Betfury here…
Starting right now I am making available a new feature of the blog, you can now download preformatted high resolution images ready for print. For FREE!
In the coming days I will set up a separate page linked from the top menu for those downloads, but to kick it all off I already now give you one. In the free downloads you will find not only Childhood’s End shots, there will be all kinds of beautiful print ready images.
Which bank will give you a daily interest of 5.5% on funds deposited in your account? DeFiHold will do just that and better yet, they give you $10 USD for free on signup to get you started. At this low level the interest is 1.1% daily which even that is way better than any bank.
Now that you have joined you can choose to not deposit, you still have your 10 bux earning interest, or you can deposit more to earn more. Just remember, never invest money you can’t afford to loose. There are no guarantees with these online sites that they stay online indefinitely, to be on the safe side also withdraw your principal as soon as it’s possible.
Slightly delayed here is lasts week stats update. The blog has been a non-mover the last two weeks, more or less, which is not a bad thing actually as there has been very few new posts made. To read about the ranking and such I refer you to the previous stats update Stability and move on to other matters. The reason for the few posts is simply the need to make a substantial effort building alternative income streams as not only my economy but the economy of the world in general is going down the drain due to the Chinese affliction.
The last week or so I have been concentrating primarily on building two new crypto currencies and I invite you to join me building a future income you too. We all may have missed out on the Bitcoin revolution, 1 BTC is today worth close $20,000 USD, but let’s make sure we don’t miss out on new crypto currencies.
First it’s Facebook’s very own crypto called Libra (LBR) which is in pre-launch at the moment. With UPLibra you get your own LBR for free, you get 3 LBR on signup and then there is a faucet where you can claim more. After making 50 claims you’ll get a bonus of another 3 LBR, then another 50 claims. For every new person you bring in there you also get 1 LBR. In just over a week I have gathered 27 LBR. At the pre-sale site the cost of 1 LBR is $2.06 USD at the moment and this is going up steadily day by day.
Second it’s a crypto called Big Byte Block (BBB) where you get 1 free node block on signup and then, if you wish, can purchase additional nodes. If not, let the one you get for free mature and re-invest those earnings in additional nodes. These will earn a 400% return on investment so for every node you have secured you can secure another 4 and each blocked node reaching maturity will also give you a BBB coin which you can exchange at the Waves Exchange for other crypto currencies like Bitcoin or Ethereum for instance.
Shortly I will be adding advertising opportunities at the blog. With between 7 and 8 thousand unique visitors each week and close to 30,000 hits/week banner advertising on the blog is a most viable option. Of course it will be a low cost advertising opportunity.
I don’t know about your country, but on savings accounts at banks in my country of residence there is no interest to speak of. There is an alternative though, online services such as TellerBack, where you earn an interest daily on the money in your savings account. Best of all, they give you the opportunity to get a few bucks for free to earn interest from. Myself I gathered $7 USD right after joining through their Bonus program and more can be earned for doing activities such as posting on forums. And you also get $1 USD straight into your saving account for each referral.
Funny thing happened. Facebook is behind the new crypto currency Libra which is being launched right now, but I’m not allowed to post a link to a Libra website. Apparently their own crypto violates the community rules.
Although I’m not really liking the way Libra is set up, only a handful people have access to the core and it’s anything but decentralized, it may be a good idea to get in early and reap the benefits as they come.