The past few days have been the toughest in my life. From planning to save funds to start up something small to actually losing my hard earned money through an evm wallet smart contract hack.
I never thought people could be hacked by absolutely doing nothing. I took all the safety measures and still got SCAMMED by a serial hacker.
This has made me come to a huge conclusion; EVM wallets are not safe for keeping crypto, they can only help you interact with DEFI and all that smart contract connections with other protocols, but they're generally not safe.
50% of people might not get hacked and the remaining 50% is a matter of when the hack is eventually going to happen.
CEXs looks to be the best options
CEXs with all the issues they have seems to be the more safe options, and I can't believe a day will come as when I'll stand and applaud a centralized exchange as a better option to the decentralized solutions that crypto gas to offer.
Evm wallets notoriously recycles seed phrases, and this is why sometimes people can guess seed phrases and and actually make away with the money of others. Key wallets were revolutionary, but it seems hackers have found a weakness in how it works.
Unfortunately
I wish this loss came during a proper bull run, this wouldn't have been a problem for me. But I'm probably lost and cannot fund my next hustle efficiency while having a backup plan.
I've been crashing out for a few days now, and don't even know when I'm going to stop, I'm trying to get back into the hustle, maybe try some other form of opportunities but I just can't pay for some of the things I'm trying to test out. Can't afford to fun my next hustle.
There are literally zero opportunities with zero cost of operations. Using AI tools cost money for monthly subscription, I cannot pay out of pocket knowing I have bigger problems, and I currently cannot take financial risks then it's difficult for me to even unlock other money making opportunities for myself and guess what?
Crypto is also currently in a very bad place.
I only managed to get a Twitter premium subscription for a year. The idea was to get monetized in 3 to 4 months and begin earning some bi-weekly stimmy.
I started quite well but hit a huge stumbling block when my wallet was hacked. The motivation to continue the grind wasn't there anymore. I also attempted to teach my wife YouTube automation, but we need money to buy a few yearly subscriptions and sadly I cannot afford that now.
Looking all complicated
My potential business partner came along today, we contacted a real estate agent about the property we'd need for the business we intent to start up, only to realize that we actually need a lot more more money than we actually thought.
My potential business partner is not financially as bouyant and I just went through a major hack as well. It doesn't really look good, and I just feel really tired and sad from everything.
The year started out very well, then the previous person I worked with started scamming me of my share of the income and then a scammer takes everything completely. It's mostly not a good time and I'm trying so hard to stay motivated.
Completely understandable to lose motivation after what you suffered, you took a huge loss! Crypto isn't looking like a great way to earn right now and those centralized exchanges to look more tempting to make money. There's always risk there too that they might go under and take your crypto too. I guess it's always a balancing act....
Sorry to hear the startup for the new business is more than anticipated. That really sucks. Then not having the funds to keep Twitter premium going really has to hurt too, now you can't get that revenue out of being monetized.
Hang in there my friend, I know that motivation feels low and it's understandable. Something will come up, a new opportunity in the near future!
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For Twitter monetization I paid one year upfront before I was hacked, my YouTube journey on the other hand will not work, since I cannot pay for subs for my wife's YouTube journey (she's just trying to start)
It's crazy hard, and it has been really difficult. Funny thing is I cannot believe CEXs are safe bets and options compared to decentralized wallets. It's such a shame that these wallets are hackable
The bad thing about CEX is KYC and taxes, but sometimes you can't avoid it. Otherwise, you can just deal with cold wallets, but that can also be a pain. It's tough though.
And because of a hot wallet I've been scammed.
The problem with cex is that they communicate everything to your state and there you will have to pay tons of taxes, way more than a worker does which is unfair...
That tax was simply what I tried avoiding and it landed me in hot waters with the hot wallet I decided to use, at least eight a CEX I wouldn't have lost it all.
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Sorry about the loss.