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Got some bitcoin? Congratulations! You’re a bitcoiner; oh wait…
I got my first few satoshis sometime in early 2017; to be honest, I vaguely knew what it means to own even the tiniest amount of bitcoin. If you wonder how I got them — a faucet. Funny, but those were actually a thing then, and they were real. A whole lot of people got their first ‘tiny’ pieces of bitcoin this way. Unlike the rampant fake faucets littered around all corners of the internet currently, bitcoin faucets were real and did pay those who were curious enough to try them out.
My attempt to transfer my first set of earnings from the faucet to my wallet was the real trigger for my curiosity. A wallet, a key phrase, a private key…these were foreign to a total noob. What bitcoin meant; I hardly knew. The process wasn’t a plain one, but yeah, I’m a fast learner. After successfully paying out my first earnings to my wallet, my interest in blockchain technology grew.
The transfer process was swift, but that was the last good thing about bitcoin. Reading through resources on the internet, bitcoin was more than just a means to move vague numbers around…I learned. The mystery, technology, audacity, and future were all caked into one concept — Bitcoin. Well, blockchain technology and cryptocurrency as a whole.
Alright, feel free to call me ‘dumb,’ but I lost those satoshis I earned from the faucet. I might find the passphrase one day. Don’t worry, it’s just a small amount and won’t make the news. The sats were gone but the interest in the ‘future of money’ continued to grow stronger. I got involved in a number of other cryptocurrency and blockchain projects and bought more bitcoin after the 2018 crash. Again, I lost them in a bitcoin mining scam.
Dummy of the year! Or rather, bitcoiner of the year! That’s a more appropriate term.
Holding some bitcoin only makes you an investor. Waiting patiently for when the price gets to your target and selling off to enrich your pool of fiat. That’s a clever investor right there, not a bitcoiner at best.
Cryptocurrencies are unarguably the best-performing assets over the last decade. The financial advantage they give their holders is unspeakable. A successful cryptocurrency investment could be life-changing. Only a few stocks can boast of similar financial performance.
Behind these financial super stories is an attempt to influence society positively (and otherwise) through a number of interesting concepts and techniques. Financial technology, politics, the internet, distribution of communal power and authority; led by bitcoin and supported by other reputable projects, blockchain technology, and cryptocurrency are finding their way into these important topics.
Investing in bitcoin and other cryptocurrencies only wouldn’t make them relevant outside the investment sphere. The deep interest and extra involvement propel this concept beyond the idea of making money and getting ‘rich’. While owning bitcoin(s) is quite a good start, it is, in fact, a ‘start’.
In a space with many voluntary spaces to fill, what is/are your extra involvement(s)? Well, advising your uncles to dip in a few dollars is nice, but not when you lured them to buy the top though. Regardless, you’re more of a bitcoiner than the investor who locked up a few hundred bitcoins in his wallet.
We lit the fireworks and changed our calendars as we swerved into a year we thought will brew a better story. Well, on a general note for the crypto space, that didn’t really happen.
You could go on about how you made Bezos-level money from shorting the hell out of cryptocurrencies. Sincerely, I’d have bet a few dollars on bitcoin smashing the $100,000 mark in 2022. Such a bad gambler, I know. But the charts didn’t hint at anything this bad.
Fair enough, the charts could have never predicted multiple bankruptcies and a full-blown war.
Hell, of a year, literally, 2020 remains one of the worst years in the 21st century, but for the business sector, 2022 follows immediately.
The tales aren’t really so juicy and our sarcasm might taste like a poorly prepared coffee, but we’ll have to do it anyways. So, let’s go through 2022 again in just 670 words.
Michael Saylor stepping down from his throne at Microstrategy should have been enough sign for us. The bitcoin man probably got tired of saving the space with his firm’s annual profits. It’s just unfortunate, if he dipped in a few billion more, I’d have paid off the fee for a ‘single-issue’ Toyota Corolla. Sorry, that’s an excerpt from a friend’s diary.
Well, steady lads! A friend lost his tuition fee to that LUNAr eclipse, but it’s a good thing that we got a new fun phrase for euphemism. A couple of “Steady Lads” situations got us this far, if 2023 brings forth more, we might have to do better at word-building.
If anything good came from 2022, it is the fact that cryptocurrency projects have learned how easy it is to get away with impoverishing investors. The chronology is similar; reach enviable heights, then crash so badly that your biggest fans look like absolute degenerates. It’s unfair to bring in the word “generates” here, considering the fact that the same word is an important figure in some of the biggest mainstream pumps of 2021. Looking back at how everything turned out, I have no apologies.
A good measure of how bad we had it is that everyone already forgot about how Andre Cronje’s exit from Fantom foundation nearly rugged one of the best Layer-1 blockchains out there. Yeah, I think it’s time to give that project its flowers, even though it isn’t making those multiple profits anymore, for now.
You can’t close a rekt man’s diary without turning to the page where he discovered that the leftovers he ‘saved’ on his favorite exchange have been donated to a charity program and he didn’t even get a pat on the back for being so generous. Cryptocurrency hated the banks so much but still managed to lose out to a nominal Bankman. That hate should grow.
Since Alameda will spend more time in court, how likely is it that we still get that Solana blockchain phone in 2023? There’s a pre-order facility already, I hope a partial refund facility doesn’t follow. On a deeper thought, a $250 Million bailout should be enough to keep the project running. Unfortunately, someone already used that for himself. A silver lining, Solana Blockchain doesn’t stop twice in three days anymore.
I’ll leave you to guess what 2023 will come up with, I’d suggest you don’t expect a pump. Most of the architects of the 2021 pumps are either standing on court podiums, hiding in an exotic location in a third-world country, or buying up the rekt projects that still stand a revival chance. Either way, they are too engaged to pump your bags. The penny coins you are throwing your pocket money on are likely to remain pennies or something lesser…like half-pennies.
Being optimistic for 2022 didn’t stop two neighboring countries from clashing in a gruesome manner, nor did it stop Changpeng from putting out the tweet that almost put out the whole space; but it did help Mr. Trump to raise a couple of million dollars from selling some classic pictures. Hands-off to United States’ 45th chairman though, one of the biggest winners of 2022.
Who else took a big win in 2022? I don’t know your guess and it’s needless waiting for one. Hackers, a straight answer. Hackers had lots of fun over here and banks aren’t this porous. To be fair, they have a solid recovery system. If every alternative fails, getting a bailout from people who print some crispy notes is one way to go about it. In 2023, I suggest we stop throwing jabs at banks, they are badly beating the space currently if we are being fair.
I’d simply end by asking you to share your biggest losses of 2022. It might sound a bit too cruel until someone shares a story worse than yours and you go back to feeling better about your losses. Thank me then and thank you for taking the time to read.
Let’s hope 2023 is a better story; happy new year!
You read through our content while we watched the charts and wrote even more. Not sure what the charts felt like, for you, but it’s generally not fun to watch the whole space weaken against a band of the worst financial news you ever heard. We could go on and on about how 2022 was a year to forget for the cryptocurrency markets, but since “it’s not about the money”, we will put that aside and detail you on how we fared this year!
Well, if the coffee hits the right spot, we might put out a 2022 summary. Hint: The title will be “Death to 2022”
CryptocurrencyScripts is “keeping up”; keeping up with events, with the bankruptcy, and hooking you up with these events in the most fun way, if you missed any of your 2022 publications, you can get to them here.
Closing in on what has been another amazing year for us, we did a couple of plausible stuff, and here’s a spoiler, We didn’t go bankrupt…at least not yet.
In 2022 we:
Didn’t stop writing
You know that popular where condition writers run out of ideas? We can’t really get the proper word for that but that’s because we didn’t experience it in 2022. One sentence after the other and we built quite a good number of words and put them out, one content after the other. We literally discussed crypto and wrote some nice scripts…they all played out!
Collaborated with other projects
CryptocurrencyScripts is powered by writers, as individual writers, and as a collective team, we have been involved in quite a reasonable number of projects. CryptocurrencyScripts in 2022 delivered content for cryptocurrency startups like Inocyx, Mosdex, Sleefi, CoinLore, MetaApes, and a few more. Affiliated writers have taken up writing roles at reputable cryptocurrency projects like CoinGecko, Gate exchange, Citizen (CTZN), OKX exchange, Tokenguard, and even more. We are excited to share our skills with other brilliant projects in the space!
Launched our official blog!
Yeah, have you seen this? The cryptocurrencyScripts blog is officially live! We are progressing with our goal of gaining a bigger internet presence and reaching out to even more readers with our content. As part of this goal, an official website has been added to our list of outlets. We will simultaneously maintain these channels and make additions and removals as the need may be. Visit and bookmark our official website!
Watched the charts
Like the space, we watched the charts. Unfortunately, we witnessed many meteorites fall. In fact, the whole charts look like fallen stars making their way to the center of the earth. The gravitational pull was fierce. Anyways, if Mr. Sam could post that $250 million bail, then he might also come back to save FTX and the whole space. He just needs 100X more.
Spent Quality time with you!
We develop our content like discussions, open opinions calling for arguments and criticisms and each time we post them, we get just what we want! A good number of readers raising their arguments in the comment sections and interacting with other readers; that’s exactly the plan! We spent a good time replying to the comments directed at us and reading the interaction! Time well-spent!
Awesome year! I heard you say that, but we are not relenting in our mission to keep you refreshed in a space that makes sure you don’t get any refreshments. Moving into another positive year, we hope to do better.
So, in 2023, we will:
Continue writing
As long as this space continues to welcome new developments every second, our pen will continue to flow. Even when we run out of ideas, the next pump or dump is already a good way to start. We promised to keep price talks at the minimum though. Nevermind, you won’t need to worry about our articles telling you about “the Next 1000X”. We will continue writing, you can count on that!
Continue to grow
In 2022, we saw a significant increase in external collaborations, as a team and individual writers. This is a positive development for our growth. We are exploring ways to disperse our services and grow the project itself. In 2023, we hope to come up with solutions and implement them. In addition, we are also ruminating on ways to improve readers’ experience and be even more resourceful to our audience. These we hope to tackle in the coming year.
Love to work with you
One of the main goals of CryptocurrencyScripts is to build around itself, a community. A community of people who wish to discuss cryptocurrency and not only “get rich quick” schemes. We hope to welcome our readers to our Telegram channel and grow as a discussion community without necessarily issuing tokens or going deep into monetization. Stay hooked with us and let us how we can improve on this!
What more can we say? Thank you! we are just a class of clueless writers building words on the internet. Our time in the space has been a beautiful one, this is only possible because you are devoted to giving us your attention. If you spent the whole year shorting cryptocurrencies, then you must be reading this from your Tesla Model Y, else, the public buses are still a fun thing…pun intended. Notwithstanding, we appreciate your contributions and see you in 2023!
“Patient dog eats the fattest bone”… sounds like an African proverb. I’m not sure of the origin anyways, I’m not sure about its validity either. It was probably more correct a couple of years ago. Regardless, patience is a virtue; not always…, especially in crypto.
Bagholders are a special set of people in this space, the most valuable set of investors. Everyone bagholds, at least once in a while. Holding on to a ‘poorly’ performing asset is a struggle between patience and hope…‘hopium’. Or a struggle between patience and greed when the asset is performing considerably well. Whenever you hold back from hitting that ‘buy’ or ‘sell’ button, any one of these wins. Well, patience is the base word.
That works, in a few cases; some other times, it just doesn’t. A fast-moving space like the one we have in crypto is one of those few instances where holding on turns out to be the wrong move most times. Gains or losses, it could come at any time; unfortunately, these two can happen in (very) quick succession. Anyways, if you are here for the technology, profit or loss might matter a little to you. Making a few quick bucks doesn’t sound bad either.
The popular preaching is to ‘hold on for dear life’. Let’s face the fact, most times this doesn’t really work. The path to bagholding is an easy one. Waiting for the millions and settling for a few thousand or hundreds is a quick turn of events here. The greed index is volatile, which in turn results in price volatility. Normal price movements are in response to human behavior. Apart from this, a space as unregulated as crypto might require you to “take what you can, when you can”. There’s hardly an assurance. The extent to which this happens depends largely on the nature of the project.
Highly speculative projects are prone to sharp price movements. They are prone to ‘accidents’ as well. Most times, these accidents are deliberate and investors are left to mourn grave to mild losses. Well, ‘patient’ investors. Impatient ones probably took all or part of their profits already; in this case, they win. This case is becoming more prevalent. The lack of regulation in the space gives way to the speculative short-lived project. Huge pumps, ridiculous dumps. Investors are easily taken unaware by the quick turn of events. Patience fails them here, unfortunately.
A rather clever move is putting patience to a halt and taking your capital out when a speculative project moves tangibly. The remainder can run along. If the dump strikes, your capital is preserved and a little profit if you’re impatient enough to take profits.
This is not financial advice anyways, just a piece from individual experiences. Holding on to relevant projects for the long term could be very rewarding. Finding these projects from grass root could be a very tedious task though.
Obviously not the best series on Non-fungible Tokens yet, but if you’ve been following this series; one thing for sure is, you realize that NFT isn’t just about creating art and selling them or buying art on NFT marketplaces. Check out the previous part, hopefully, you’ll be able to get your flight tickets as NFTs in the very near future. NFTs are here to stay, the question is how far they will go in penetrating the most important aspects of human life, especially where it concerns flexible ownership structure and ownership verifications.
We’ve discussed a few of these possible applications and again, we take a look at a few others.
Unarguably the most popular application of NFTs. You probably own a number of digital art NFTs. The weirdest images are hitting NFT marketplaces and getting sold for some tangible price. Artists are jumping in to at least make a living through their craft. Musicians and video content creators are also exploring the chances of distributing ownership rights of their media via NFTs. Non-fungible tokens have proven to be competent in this aspect, obviously.
It’s no news that “NFT arts are overhyped”, arguments about ownership of these sold arts continue to heat up too. Regardless, NFT arts continue to grow even stronger.
Paid online subscription
Netflix and chill? Even if you’re not a fan of movies, you still have to subscribe to a couple of online services. The only tangible change in online subscriptions since they became a thing is the cost of a subscription. The technology and the user interface…basically the same thing. Not really so progressive, in my opinion, especially when there are available alternatives that work even better. Paid Subscriptions, in contrast to the aforementioned application, are rather time-based and not a one-time redemption process.
NFTs still come into play, regardless. Developing NFTs to represent and validate subscriptions will improve the accuracy of financial estimations. Not just that; NFTs are immutable, and subscriptions cannot be maneuvered if they are issued as NFTs.
Meal tickets and food stamps
We’ve mentioned ‘tickets’ in almost every part of this series, and you’d at least agree that the current tradition of carrying physical tickets is getting boring. It’s arguable if anyone ever found them aesthetically appealing. NFTs are the best bet if we’re ever going to go paperless in ticket vending. Meal tickets, food stamps…presenting these at the counters is so 1980s.
NFT tickets are a perfect replacement. In addition to adding the very much-needed flair to the ticket vending system, NFT tickets are easier to disburse, handle and redeem. Redeeming NFT tickets at the counter is as easy as buying coffee with the bitcoin lightning network and easier than surfing through your wallet to find a frail-looking paper ticket.
The list is actually inexhaustible; it only takes a little more exposure to realize a couple of other ways digital signatures could replace a number of existing options in some concerning areas. You surely have a few suggestions, share them!
That title sounds a bit like a moonlight tale or a chapter from a kids’ storybook. But that’s fine, it’s a fairytale anyways. A fun one, but not too funny for the other half of the Twitter workforce stripped of their salary source by the beloved DogeFather.
When Billy Markus and Jackson Palmer were editing the bitcoin code to create Dogecoin, they certainly never believed that its destiny will lie in the hands of a nerdy billionaire. It is what it is though, the SlumDoge millionaire must be clearing up his garage for his new Tesla CyberTruck since Dogecoin has returned to the top gainers’ list and might finally land that Twitter deal.
The Twitter-dogecoin Saga is like a toxic rich couple relationship. Frequent fallouts and even stronger comebacks, each one attracting huge financial involvement. When dogecoin hit $0.7, the rocket man was the big propeller. This time around, the story is the same, the only difference is that he isn’t somewhere on the bird app screaming “To the Moon”. Well, let’s just hope he doesn’t land another SNL interview.
Not sure if he will take any of those when he has a whole lot of grounds to clear in his new acquisition. A $44 billion purchase isn’t something to abandon for an interview…let that sink in.
Ok, word on the street is that Dogecoin will be the new token of the Twitter application. I’m not sure if Elon will be collecting that $8 monthly charge in Doge. As a matter of fact, he hasn’t really made his intentions about Doge clear. Notwithstanding, the ‘clever’ crypto investor just completed a dogecoin purchase from his Mid-end smartphone. When Twitter finally integrates Doge and his bag pumps, he will have just enough cash to get a better device. After all, someone made a few billion dollars from Shiba Inu and Doge is an even superior Dog.
Once I drop the last line of this article (which should be soon) I might consider getting a few dollars ‘bag’ of doge, just in case it finally gets to Twitter and the price goes through the roof. Now that’s a random moonboy statement and moonboys run this street. With the price dropping currently, I might just get a good discount or be rekt completely. The latter isn’t more likely, I don’t even know which.
Elon Musk has always been a huge fan of Dogecoin’s technology and economy. You’d expect him to buy up Dogecoin instead of Twitter, but the electric car man always has his own plans. $40 billion into dogecoin might have gotten it closer to flipping Ethereum; then bitcoin.
Elon will need to fight off competition from Jack Dorsey’s BlueSky, Kanye West’s Paler, and of course Donald Trump’s TruthSocial. The social media space is currently a big playground for billionaires. Just like I sip coffee and make Puns, Elon will try to raze a blunt and sack more staff or charge even more fees for the blue tick. Whichever happens more, I just hope he gave Parag that huge Ferrari money. And shout out to @mattwallace888 on Twitter for that new Twitter Logo.
