28 Comments

Are we on track for a 8K to 12K ETH and 100K BTC this year? With all these tailwinds supporting the industry?

Expand full comment
author

For just this year we gave some conservative targets last week. We don't have the ETF yet so not sure how anyone can tell without that info on demand

Expand full comment

Hey Bull, been reading & re-reading Efficiency since early 2023 while I was in college.

Graduated this January, hit 5-fig/mo with WiFi money this April.

Consulting business model so probably not sellable in the future.

I'm new to crypto, don't have more than like $10K worth of it.

What would potentially be a smarter move?

A) Scaling consulting biz further, profits into crypto

B) Consulting profits into Ecom Biz, scale, sell & push Ecom profits into crypto

As stated above "If you’re not involved for this cycle we’re not sure what else to say" I have a massive FOMO ngl but don't want to end up making stupid decisions. Does it make sense in my situation to "get exposure before politicians like Nancy begin to trade them."

Thanks!

Expand full comment
author

Biz is always #1 if you have extra money beyond that you should be in crypto

Expand full comment

Thanks, crystal clear!

Expand full comment

Great write up. Is it worth staking 2-4 ETH tokens? Or is staking only for whales?

Expand full comment
May 29·edited May 29

Greatest psyop in history happening before our eyes and everyone is falling for it. Bitcoin is absolutely a hyped up failed fraud tech product that hardly works and faux-decentralized ponzi scheme; its inevitable end if you model it out results in one person owning all the Bitcoin, much less the 50 other ways it can meet its demise will only end in wide scale devastation now.

Hmm why are "they" letting - no, encouraging - pension funds and SW funds to buy, buy, buy?

Remember that scene in Margin Call? We are selling to willing buyers at the fair market price!

No conspiracies, guess we will see. All I know is this won't end in numba go up for the whole world forever.

Expand full comment

PACv2 is live.

You must register to start earning points and need a referral code to register

https://pacmoon.io/

Code: bowtied_otter

Expand full comment

Hi BTB. I signed up when there was an offer for 1 month free for Defi crypto course. How can I access this? Have sent a few emails following up. Thanks

Expand full comment
author

Respond via email if you paid the full year in April otherwise promo is passed

Expand full comment

Ok, responded via email. Thanks

Expand full comment

Hey Bull, thank you for the content and outlook as always. I don’t want to bombard every post but I would try one more time:

I am idiot and fell for a phishing email from what I thought was Blast airdrop. I lost all my Eth and then went into Blast discord and was messaging what I thought was dev support. They had a sophisticated set-up with an entire ticketing system and I ended up getting my BTC smoked after giving them more information. I know you have warned about scams and I know I’m screwed. But is there anything else I can do at this time?

Expand full comment
author
May 28·edited May 28Author

We don't know who to contact, not sure what to say beyond never click links, have to separate all the browsers and computers

Best you can do is track where the money went and go to local authorities or look for crypto crime groups online (sorry we have no idea who any are beyond zachxbt who if famous for tracking large cases)

Expand full comment

Appreciate the reply. I’m trying to decipher if filing a claim would allow me to right it off as a loss in any capacity on taxes?

Expand full comment
author

Have to ask your accountant, we don't have any clue to be honest

Expand full comment
founding

That sucks man. I had the same email in my dmail inbox and luckily wallet guard caught it (thank you DeFi team!). Please review their post on how to keep your transactions secure as it's wild how easy it has become to drain someone's wallet.

Expand full comment

i thought wallet guard only works on eth mainchain, how are you catching transactions on blast?

Expand full comment
founding

Idk it stopped my wallet from getting drained. That's the important thing to me

Expand full comment
founding

What wallet guard?

this one?https://www.walletguard.app/

Expand full comment
founding

That's the one. It also identifies fake Twitter accounts etc as well

Expand full comment
founding

Thanks brah. Will install!

Expand full comment
founding

Oh man, that really sucks. I'm sorry. How'd they get your email ?

Expand full comment

I got those Blast emails to several addresses that are not linked to crypto.

Plus there must be a way to figure out active dmail.ai addresses as I also got one spam email there.

Sorry for your loss…

Expand full comment
founding

The Email headers must be in plaintext and there are tools that can automatically scrape it from the blockchain. Is my guess.

Expand full comment
deletedMay 28·edited May 28
Comment deleted
Expand full comment
author

Just save it for monthly Q&A. This doesn't have anything useful in it because it doesn't even say if you have a biz running or second form of income

If you skip that part you're basically wasting time because you could get fired tomorrow

Expand full comment
founding
May 29·edited May 29

Not BTB, but you are majorly risk on my, friend!

I'd think about buying a house cash just for that peace of mind and to cover your fixed costs/keep up with inflation (BTB talks about this in a recent post). It'll be a lot easier to stomach the swings of your huge alt exposure + seed rounds if you know you always have a place to live.

Expand full comment

What do you do for that kind of TC? Nice

Expand full comment