"They say, see the good in strangers believe your neighbor no one questions why? Never trust in people's words because...all humans lie."
Let me start off by offering apologies to all readers for the situation with Celsius. I've been using their services since they started in 2018. Full disclosure, I am part of their ambassador program and have funds locked on the platform. Also I invested a large amount of capital in their fund raising round on bnktothefuture. To put it bluntly I have allot of money staked into Celsius and it suxxs that I have zero access to it. We're deep in the bear market and they've halted all swaps and withdrawals on their platform.
That means nobody can touch their money. I'm not going to speculate on if we're going to get our money back or not. Nor will I address the torrent of rumors that this bank run is a targeted attack against the owner Alex Mashinsky. Hypothesizing is a guessing game. I only deal in facts. What I can say factually is that I did get the interest payment Monday on my crypto like usual. If they're still paying out interest I can't call them a scam. I'm hoping Celsius recovers and makes it through this public maelstrom of bad press.
Why did I use Celsius and recommended them to my network? The pattern is to sell some crypto at the market peak for profit then save the rest for later. By staking on Celsius I could borrow cash and not sell my crypto. It was that simple. Now that my money is trapped and inaccessible I've permanently lost faith in CeFi platforms. If you're unfamiliar with the term CeFi (Centralized Finance) means a centralized entity maintains custody of your assets.DeFi (Decentralized Finance) means u maintain complete ownership and self sovereignty of your assets. This situation epitomizes the classic euphemism. "Not your keys, not your crypto." To insure u don't lose all your crypto its always good to keep some on DeFi wallets like metamask and coinbase wallet (not connected to the coinbase platform) or cold storage wallets like Trezor and Ledger.
For me there are no safe centralized platforms. Just to give perspective Binance one of the biggest exchanges in the world halted bitcoin withdrawals. It was only supposed to be for a half an hour but took much longer. If Binance is having problems no place is safe. The effect it had on the already panicked market was like throwing gasoline on a blazing inferno. Trust is low and fear is high. Not just high like a skyscraper or smoking to much weed high. I'm talking about fear at a cosmic level. The best thing to do in these uncertain times is to take control of your assets by moving them off centralized platforms. (not financial advice)
That way if we have another Terra Luna debacle or Celsius asset freeze the money is already in your hands. I'm taking everything that's not staked and stashing it away until the relief rally, then I'm going to sell everything faster than a lightening strike. Believe it! I can buy it back later. There's time to accumulate in a bear market.
"Life usually starts when the music stops. Unless the theme music to your soul is... boom bap Hip-Hop."
You may have noticed that I'm not heavy into social media. I love to create. Most social media is full of opinions and emotions. That equates to my mind as distracting white noise. It's one of several reasons why I deleted the accounts years ago. One of the platforms I like is Discord. It's like Twitter but more filtered to particular projects. Usually the people in the threads are enthusiastic and community oriented. There's still an ocean of opinions and emotions. The difference is most of them are positive and fueled towards improving a project, not destroying one.
A while back I started investing more into art nft's. If you're familiar with the blog u know I've been investing in nft's like Phantasma (Soul) since 2018. Only last year did I start paying attention to the negative correlation between art nft's and bitcoin. Long story short I'm now into several nft projects and the results have been mixed. Bored.Aiis a publicly traded company that lets u take text and turn it into art. They use Artificial Intelligence to interpret the word string u type, to generate gallery quality pieces of artwork. I'm a curator for them with my own club inside their Discord.
The Mental Gymnastics Club is a place to exercise your mind and build the imagination. My club focuses on creating artwork based on Time, Space, Science, and Technology. All the artwork in this post (except for the eagle) comes from there. As a creator and curator I'm going to be releasing a nft collection featuring the top twenty pieces from the club. More about that another time. The reason I brought up Bored.Ai wasn't to shamelessly plug my club to boost membership. (Although if u would like to join...get at me on discord.) Bored.Aiis the first nft project that I've been a part of that soldout before mint. They sold all 10,000 nft's. This project uses cutting edge technology and has a phenomenal community of creators. It showed me how successful a project launch can be. Even when the market is crashing like a blindman drunk driving a monster truck.
Another project I was really excited about turned into an investor nightmare. The Meta Eagles Club (MEC) was created by artistGal Yosef. He makes incredible 3D pieces of art. The project had a lot of hype before the launch because Gal was already part of a successful nft project named Crypto Bull Society. Also Eden Galleries which has galleries all over the world is his financier. Another reason is the MEC includes famous characters from Marvel, DC, and Dragon Ball Z universes.
Everyone assumed the project was going to be bluechip (10x) soon after mint. Once the public sale started the floor price dropped around 70% and hasn't recovered. There has been a lot of finger pointing and blame thrown around as to why the floor price is low. Some people say it's the galleries fault, others the management team. No one thinks its Gal. He's a creator that's super passionate about the MEC. The project needs the right team to realize his vision and make it a success. Recently Gal got a new team and things are changing.
Both of the projects MEC and Bored.AI are great projects, both have strong communities. The difference is Bored.Ai operates like a smoothly oiled, well maintained machine. While MEC does not. Although MEC isn't bluechip yet, I'm confident that the quality of art and strength of the community will push it there. It's one of those projects that might take a year to take off but when it does it rockets past the moon. That's just my opinion.
The point is...regardless of how good a project looks. You never know how successful it's going to be until after it's launched. Also the big difference between the nft market and the rest of crypto is liquidity. You can't sell an nft if u don't have a buyer. There's no spot trading which makes it illiquid and hard to exit. That means as an investor u have to be really committed to the project and be willing to wait for it to blow-up.
Speaking about the crypto market. I'm going to keep it one hundred. There's a very real possibility that btc could fall back down to 32K and retest the bottom. That news may shock a lot of u and make a few people want to try flying off the top floor without a parachute. Don't do that...it's messy. Also there's no need to panic. If it does drop that will be the buy signal to d.c.a. (dollar cost average) into btc and eth to accumulate more. The reason I say this is because a retest would finish the micro (W) formation. That would set us up to finish the right side of the macro (W) we're in. Lets be clear. This is just my opinion based off what I see in the Ichimoku Cloud. I'm not Nostradamus and can't predict the future. If I was...my level of wealth would surpass the richest man who ever lived. Since that hasn't happened. Read my words. Then do you own research. That's how u make money.
If a plummet to 32K occurs, one of two things will happen. One, we go back towards previous highs around 60K fail, fall back down, bull market over until the next halving. Two, we retest previous highs break through and make all new highs. Both are possible but option one seems most likely. Now there is the third option that wasn't mentioned. That btc breaks support and drops to 14K (or lower). The reason option three wasn't mentioned is because in my mind it's not possible. There's too much V.C. funding poured into bitcoin for it to fall that far. (Unless we have some social, political, global black swan event.) Regardless of which side of the fence you sit on Bull or Bear, it's an exciting time to be in crypto.
I'm taking all these experiences (nft's, investing, relationships) as life lessons to guide me if I'm ever in similar situations in the future. I wish you all health, wealth, and success.
"Sit still and quiet long enough and what most people find. Their mental plane is very active... a secret theater of the mind."
The lockdown finally ended last Friday. I knew it was really over when I saw a pair of drunk tourists brazenly walk up to a police officer and ask where they could buy weed. The funny part was they were standing in front of a coffeeshop asking the question. Only in Amsterdam. I do enjoy the fact that everything is back open without restrictions. I'm not getting too excited yet (like btc reaching back above 44K), but I am getting hopefully optimistic.
While the rest of us have tried adjusting to what is considered the new normal in society. There have been impressive innovations in science, nature and technology that can change the world. First is an inventor from Zimbabwe, Africa who invented a television that runs on radio frequency. Maxwell Chikumbutso, a self taught inventor who dropped out of school in his teens invented a television that requires no power cable or external power source. By attaching a RF-powered generator and small solar panels the television can be used outdoors or in off the grid remote locations. It uses the same radio frequency technology as bluetooth or wifi. Along with the "55' inch Samsung wide screen television Maxwell has also created a wireless remote. No more batteries, plugs or cables. Once this technology is refined it will revolutionize the television industry.
In the city of Brighton, U.K.. They've started a program where all building taller than five meters will have bee bricks inserted into them. The bee bricks are porous so bees can navigate easily through them and build habitats. Over the last few years the bee populations around the world have been on the decline. In the UK there are over 250 different species of solitary bees. They hope that these experimental bricks will help biodiversity of solitary bee populations and start a stronger conservation initiative. This is a new project so it will take a few years of research and data collection to know the environmental impact.
The company A-Gui Technology out of Taiwan is working on an interactive tactile response sex toy.In layman's terms u can have sex with the A.I. (artificial intelligence) personality on your computer. This technology when applied to already existing life like sex dolls, with added audio functions would create a sexbot. All that's missing is the A.I. personality and the ability to move independently. Before u run out and start buying parts to build your android. Remember that this is new tech it will take some time before it's applied to an actual robot. Below is a video demonstrating the product. The company has similar products already on the market but this is the only one that's interactive.
The fact of the matter is, artificial intelligence is being used in your everyday life but you're unaware of it. It's moving at such a pace sometimes incredible technology is being developed that gets missed. There's a company named Bored.Ai that allows u to create art by writing text. Here's how it works, u give the A.I.bot a command to generate, then give it a description of what u desire. Say u wanted to see a race car, riding on clouds, in neon 4k, vibrant colors. This amazing A.I.bot takes the text, interprets it, then generates a piece of art out of thin air.
The art is completely original and made from words. There is no pre-existing template, it's all created through artificial intelligence. Another cool thing is u can use the same text and change the word order to get a completely new picture. This project hasn't been released to the public yet. It will be available in two weeks. If you're curious to try the tech for yourself go to their website Bored.Ai and join the discord. Below are a few pieces I made with their A.I.bot. They're only examples of the endless possibilities this technology is capable of producing. I created the paintings, but Bored.Ai owns the images. After the public sale I'll be able to mint the art I create as an NFT and sell it everywhere.
I've never used digital arts. My medium has always been paint, ink, pencil, and markers. This A.I. allows u to create original digital art with zero experience.
If you like the information tell a friend to tell a friend and pass it on.
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