Step 1: Acquire an asset for yourself.
Step 2: Make the asset attractive to others.
Step 3: Wait for others to buy in, and the value goes up.
Step 4: Sell your holdings.
Step 5: Profit for you, losses for others.
It is unethical and illegal to make money through Pump and Dump schemes, but this does not stop the rich and famous from doing it. The world’s richest man has done it at least twice. He mentioned that ‘Dogecoins’ were a great investment, then sold his holdings a couple of weeks later. He also announced that Tesla would accept Bitcoin for car payments, causing the value to surge. He then sold his own coins and canceled the acceptance of crypto for payments. A lot of profit was gained by Musk, while the losses were borne by others.
Tips for Identifying Schemes:
– Be cautious of sudden, unexplained price increases. (Like now)
– Verify information from multiple reliable sources.
– Avoid investments that seem too good to be true. (Like now)
Musk seems to favor the ‘Pump and Dump’ approach because, with a large enough following, it is easy money. A lot of money. His now friend Trump has one defining characteristic: for Trump, money is the most important thing. Money is the only thing that matters. Together, they could be preparing the biggest pump and dump the world has ever seen. The richest person in the world, with the most powerful person. Together, they are now pumping crypto a lot. The value is going up like a SpaceX rocket. The question now is simple: when is the dump coming, and how much damage will it do?
I remember that you used to be able to collect cards from famous players and teams. Fun for the fans, and something that could quickly turn expensive. To get all the cards you needed to buy lots of little bags and make an effort to exchange all your repeating cards. You could place all the cards in an album, and needed to keep collecting until it was complete.
Once again we travelled to the center of the island. This time we did not go camping, but we went for a once in a lifetime experience. See the comet C/2023 A3 (Tsuchinshan-ATLAS) pass by. First we had a bbq, and then we want to a nice viewpoint to stare at the sky. It took a few hours but end the end we were all very happy. We found the comet.
One of the coconuts that I used as a pot for a miniature orchid had a leak! Every time I gave the orchid some water a part of the water would slowly drip out, leaving some stains on the cupboard. I decided to make a new pot, using a new coconut, but this time I did something different. I sanded the coconut to make it nice and smooth, and after sanding it I oiled it inside and out to give it a nice darker color, and to make it even more water proof. The effect was really nice, so I will pobably repeat the same sanding and oiling with the second coco mini orchid we have.
We had an easy start of the month. Alex went with his godfather on a city trip to explore Bilbao. A great adventure and a perfect opportunity for Alex and his godfather to strengthen their relationship. It also provided a couple of days of serenity at home. Spending time with only Alan meant there were no more daily/constant fights and it allowed us to get some quality time with Alan.
Well, my
The month started easy for me, while the kids were celebrating their holidays in Torrevieja and later in London I was back home, working. The second week of the month it all started for me. My official holiday finally started and I went to the Netherlands with the kids. We spend two weeks there staying with grandma Nel. We did all the usual stuff. Playing with Grandma, beach, lake, bitterballen, frikandellen, Alex’ birthday, niece, nephew, uncle and aunt, friends. Avifauna, the juliana toren, a kid oriented attraction park, the flower corso on the boulevard of Noordwijk. De kinderboerderij, an illegal trip at 22 meters from the ground. BBQ’s, Indonesian food. A soft-ice sprint, Gijs and the list goes on.