FUCKING HELL WHOOPI GOLDBERG WAS PART OF THE FIRST CRYPTO!!!!!!!!!!!!!!

01/05/2020

What up party people, I wanna talk crypto.

But before I do, I need to explain to y’all about the dot.com bubble and add a few of my additional inputs.

Here’s a brief definition from wiki.

“The dot-com bubble (also known as the dot-com boom,[1] the tech bubble,[2] and the Internet bubble) was a stock market bubble caused by excessive speculation of Internet-related companies in the late 1990s, a period of massive growth in the use and adoption of the Internet.[2][3]

Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down.[4][5] Some companies, such as Cisco, whose stock declined by 86%,[5] Amazon.com, and Qualcomm, lost a large portion of their market”

To save me going on a long tangent, I just want to briefly highlight a few things. The internet was an incredibly exciting and new technology that opened itself to vast amount of opportunities to build tools, improve globalisation, speed of connectivity, improved access for consumerism and loads of other fucking things too (use your imagination!!)

From this I’ve devised an equation:

[New Technology—————->Opportunity ————–>Load of other fucking things —-> Money]

At the time, any company who stuck a “.COM” at the end of their name ended up getting millions and millions of money thrown at them by investors believing that their investments will shoot up by 2000% becuase they are investing into the future.

One of these companies was called Flooz.com, read this from an article

 “Flooz.com is a good example of a bad idea that no-one wanted to miss out on. Flooz.com was an online currency, promoted by Whoopi Goldberg, which was designed as an alternative to credit cards. Unlike a gift card or credit card that is backed by a specific retailer, Flooz was just Flooz. You would purchase Flooz and use it at any (small) number of retailers including Cisco, Delta Air Lines, Tower Records, and Barnes & Noble. Despite raising $35.0 million from investors, Flooz.com went bankrupt in the summer of 2001, less than two years after it opened its virtual wallet. ”

FUCKING HELL WHOOPI GOLDBERG WAS PART OF THE FIRST CRYPTO!!!!!!!!!!!!!!

Now there is crypto and believe me when I say this, it is NO DOUBT the next age in technology, it really has all the ability (possibly more) to change the world similar to the way the internet did. 

Can you see the pattern here? Let’s go back to my equation.

[New Technology—————->Opportunity ————–>Load of other fucking things —-> Money]

It’s the same fucking thing!

Today if you make a company and say that it has its own decentralised distributed ledger and it’s own coin. People will throw money at it! Take this for example?

https://cumrocketcrypto.com/ or maybe don’t !

Go to this website and you will find out that this is an adult cryptocurrency that uses “CUMMIES” as its coin! Lolololololololololololololollollol. I literally make myself laugh every time this stupid coin comes into my head lol, it’s sooooo stupid!

However with regards to the .COM bubble, some companies survived, one particular company comes to mind called AMAZON.COM.

A company that in the last quarter was making $13,000 in revenue a second (that’s 1 billion dollars a week!)

This is what I believe will happen with the crypto phenomenon. Many will fall, but a few will survive hence my decision to allocate a tiny and I mean TINY amount of money to it on the monthly.

Let’s net worth it, people!

Debt + Liabilities 

£161,455 (Mortgage on the flat)

£30,000 (Dad) 

Total = £-191,455

Assets

Positive Assets

Cash = £18,532 (Liquid)  

Stocks and Share ISA = £58,247 (Liquid)

Gold – £4893.32 (Liquid)

T S V -£10,716.29  (Not liquid)

Art = £ 2890.55

Crypto = £110

Total = £ 95,389.16

Actual Net Worth = £ -94,521 @ 04/04/2021

Actual Net Worth = £ -96,065 @ 02/05/2021

A net worth drop of -1.60% which is neither here nor there to be fair.

AIGHT DAWGS see y’all next month!