Not unlike my entrance into the crypto world roundabout the latter half of 2015, I am late to the party on this shitty investment post challenge but get ready to hear about my doozy.
So back in October of 2017, believe we may have been on the precipice of the crypto bull run and I was what you would call an unsophisticated investor. I didn't exactly understand the underlying economic principles of inflation concerning masternode coins but something about this idea of a "free money machine" drew me in. I spent a bit of time "researching" various masternode coins to eventually arrive at my decision to invest in one of the more bootleg options.
I invested in a altcoin called Memetic, formerly PepeCoin
The coin featured Pepe the Frog, the meme sensation of the "alt right" or so says the mainstream media. Now, that I think about it. The rebrand was probably due to some sort of intellectual property issue but I digress. I dropped about 2k for half a bitcoin on a damnable credit card.
I don't always make bad decisions but, when I do, I make a few of them.
Memetic is a proof-of-stake cryptocurrency with, as I said masternodes or I should say mastertoads in their case which kind of reminds me of Battletoads except the only one getting beat up on this situation is my wallet.
So, here is was thinking that I held the power of infinite tendies in my hand but it was sometime later that my dreams met the reality of inflation (and devs cashing out probably). I remember at one point they had the Kekdaq site running and I was able to create my own digital asset.
If I recall, was a Jerry Banfield meme, but the domain kekdaq.com appears to be in a state of direliction. Even so, if you look hard enough, you may find the link to the meme on the blockchain which is still up and running.
To be fair, there is still some activity and devs had been responsive but the fact remains that much of the value of the coin appears to have evaporated. When you think "To the Moon" is going to be your meme destination but turns out it was Hide The Pain Harold. #feelsbadman
In retrospect, I went from about $1500 to maybe a few hundred in terms of USD valuation. Now, I'm not a wealthy so it may not be much in the grand scheme of things but it certainly was enough for me to learn my lesson about economics and not becoming a shitcoin bagholder.
Appreciate you @enforcer48 for nominating me for this challenge. As you said, had fun writing it and like that it gave me a chance to finally use the astronaut meme template. I nominate @mys, @steemseph, and @creativetruth for the challenge of telling us about your most shitty investment.
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Damn, yet another shitcoin I never heard of!
If it's still valued at a few hundred dollars, down from $1500, that's hardly a loss in altcoin terms, not even 90% down, I'm sure you can do worse than that, go have a punt on something else!
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Just looked and actually it's a couple hundred. Could buy a decent amount of tendies tho.
Lol yeah I didn't lose 90% yet so pretty rookie numbers. I know.
If I really wanted to live dangerously, I'd trade options but I'm good for now. Haha
Speaking of living dangerously look into getting into HEX. I won’t shill my referral code unless you ask me but I’ll wait until you do research on it (if you do)
Let me know if you want a 10% bonus, expires November so you got time to look into HEX
I heard that hex is the coin that doesn't hide the pretense of being about making money or something like that. I mean guess we can't fault the honesty.
Sure, I'll help you out and use your link
Not sure I want to slap a post on this subject into my main feed. I try not to blog about specific things: blockchain drama, crypto history, personal identifying details, profanity, cannabis, etc.. It goes against my goal to post only things that will be positive and helpful, at least on my authored posts.
My biggest regret was popping some money into Westerncoin, which was a private exchange for lending and margin trading their coin. Total scam. First people found out the conversion to sell and transfer their loose currency was a major loss. Then the website suddenly disappeared.
I was really interested in loaning money out for people doing margin trading at the time. Regulations in the USA tend to make this too risky to participate in.
So, you're saying there is another feed I need to follow? Yeah I am really bad about separating the various aspects of my digital persona.
You can call it being lazy or maybe just not terribly interested in dicing up my content if you'd call it that but I can surely see the value in doing that if you really wanna be serious about social media.
Maybe I'll eventually get around to it if I ever gain enough traction to merit my time. Think if I ever gain a decent following it will be more like a cult following... Without the KoolAid.
Sorry that you got bamboozled by those scammers!
Commenting, I am a bit more free in expressing my opinions. Gives me a cleaner slate if none of my blissful followers see my controversial comments on the top of my account page. 😅 So I am a bit two-faced I admit. Same as people who use multiple accounts.
In 2011, I put $750 into Feathercoin. What’s Feathercoin? Exactly.
!BEER
I remember I mined some FTC a while along with a host of obscure PoW coins. Lol
The only meme that's worth the money is Doge.
Always has been.
A car... you know that thing that's not an investment.
I still have it.
I can pick any lane I want and it looks like a sleeper... maybe that is a good investment considering it lets me visit my dad. (He is well, just a post-COVID-traffic hour away.)
Car probably doesn't count?
Other possible items would include, 401k with CVS back in 94, a vanquished IRA or two, high maintenance Mutual Fund, Savings accounts, Love for a woman who's bar-hag mom has imposed a premature moral obligation... MUSIC?!...
none of that shit was loyal.
;L
I probably shouldn't play... i'll be thinking about it though... maybe a summation leading up the how much better crypto has been... i'll be thinking about it.
Prayers and thoughts for you and your family.
Thanks for nomination @anthonyadavisii.
My most shitty investment this year was HIVE Power, when I powered-up to 10k making my all time high. Then I realized I do not need that much stake. Started power-down month after. Currently going to below 1k, maybe even 100 HP. That's enough for communicating with people ;)
I was about 10k stake at one point but started powerdown during the Justin Sun ordeal after losing confidence in the witnesses.
It would have been nice if even one of them can concede to me that I was right about Justin and give me some credit for being one of the first to speak out against him even while a few of them were still licking his boots.
I eventually got over my anger but the damage was done. To this day, not one of them has been like "Listen dude, I may not liked how your expressed things but you were right. I'm sorry." Or something to that effect. It wouldn't take much effort but would mean a lot to me.
BTW, you’re messing around deep in meme magick and chaos magick with that stuff:
That's interesting. Think I came across something about the Kek Egyptian god reference before.
Idk if I buy into anything magical or mystical about it but there may be connections to the past that give it more power through association.
But not really sure I wanna go down that rabbit hole. Ohp there's another meme. 🐇
View or trade
BEER.Hey @anthonyadavisii, here is a little bit of
BEERfrom @definethedollar for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Kek
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Side note. I think it's shitty investment. Not necessarily most shitty if anybody wants to have at it. #2 challenge up as well but need to review the deets.
By the way,
