Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
It’s good to review your trades good, bad or ugly.
In the heat of the moment, we often jump into “investments” that turn out to be trash. This way we can sidestep these money pits in the future.
One of my biggest blunders in 2022 was…
Publish0x Troublemaker (PT): Hey Panda, whatcha lookin’ at?
Panda: Aagh, don’t you knock?
Publish0x Troublemaker (PT): Haha Panda are you looking to get buff? Or are looking for big chicks in the buff?
Panda: Oh yeah? Let’s see what you’re looking at?
Publish0x Troublemaker (PT): Ha ha panda I’m one STEP ahead of you! I have private browsing on, you think you can fool us again?
PT’s Mom: Panda is that you?
Panda: The one and only…
Publish0x Troublemaker (PT): Mom? Why are you in that bathrobe? How do you two know each other?
Panda: Well she was lonely because her ingrate child was too busy trading $#!+coins to visit or even call. Guess who kept her company?
Publish0x Troublemaker (PT): No!!! This can’t be happening. If you go away now, I’ll give you a tip!
Panda: Well, last night it was I who was giving the tip…
PT’s Mom: <blushes> Stop it! Not in front of Junior!
Panda: Now, now Junior should get used it after all he might have to call me STEP Dad soon…
PT’s Mom: <Giggles> Cut it out!
Publish0x Troublemaker (PT): Aagh! I’ll NEVER CALL YOU STEP DAD!!!
Panda: Why not? Your Mom was calling me Daddy last night…
Publish0x Troublemaker (PT): SCREAMS <storms off>
Panda: Thanks for the mammaries! <blows kiss>
Sigh, how do I always get sidetracked?
Oh yes, I was about to give the STEPN app a thorough lashing.
Like most crypto schemes it had a good idea and was profitable in the beginning. It was fun to make a few bucks from taking a brief walk or a quick jog.
Then the devs kept pushing out bad release after bad release. The ecosystem inflation got really bad, at one point I was walking for up to two hours a day just to make a few dollars.
They tried to blame it on bad economic condition but other crypto native apps still function and release UPGRADES.
They started silencing even polite critiques.
Eventually their GST coin hit a death spiral.
Their other token GMT hasn’t hit a death spiral yet but I wouldn’t be surprised if it happened any day now.
I did my best to recover as much of my losses as possible before ditching their app.
I left when they changed the reward system from the chain token like (SOL) to their app token (GMT).
I’m guessing the insiders will want to dump their bags soon.
It got so bad that even some of their ambassadors and influencers resigned.
Here is one of the STEPN founders trying to garner some sympathy from their dwindling community.
I wonder if he is going for the Harvey Weinstein defense.
Remember frens, you should look out for number one, otherwise you’ll STEP in number two.
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
