It is possible, but certainly not going to happen in the upcoming months or even years. The only positive we've seen in the past few weeks is oil and CNG prices massively dropping. Although they're still extremely volatile, both have marked significant drops during the past month, with crude oil having dropped from $100+ to well below $90/barrel, while natural gas has dropped from over $9.680 per 1000 cubic meters down to $6.700. The most upsetting fact about this is that, despite such a significant fall, gas prices here are still extremely expensive for whatever speculative reason.

Grocery prices, on the other hand, keep increasing week by week. Yogurt, milk, dairy products, and meat have become luxury goods. It's depressing to say the least.

The European economy is currently the one struggling the most, mostly due to the imposed sanctions caused by the Russian-Ukrainian war. The U.S. dollar is the most common currency used around the world. It is used in global trade (oil prices, for instance, are in USD, not EUR), while even countries such as El Salvador or Panama have adopted the U.S. dollar as their official currency. Thus, it's expected for the USD to be stronger than the EUR, especially during Europe's massive recession. Will the current exchange rate be sustained in the long term? Quite possibly, I'm afraid.

On the other hand, those of us in Europe can actually benefit from the EUR/USD exchange rate. In the past, the Euro was stronger than the US dollar; thus, if we were to sell Bitcoin at $20.000, for instance, we'd receive €19.000; now, we'd get an approximate 1:1 ratio, receiving €20.000.

You'll need to refrain from investing if you cannot bear the risk of failure. I don't know where you're from, but $200 is a small amount. I've been screwed off with way higher amounts, either by selling too early or by buying too high.

As someone who has previously suffered (and still occasionally suffers) with anxiety and stress, I'd advise you to keep off trading if you don't have the stomach for it. Anxiety was the main reason I gave up trading and stuck to holding Bitcoin. I don't even care how much Bitcoin is worth; my main goal is to accumulate as much as possible.

It wouldn't hurt if you were to seek help from a psychologist, as NotATether suggested. Money shouldn't revolve around our lives; it shouldn't stress us to the point of having a possible heart attack.

You're in a cryptocurrency forum suggesting that banks provide you with a guarantee for your savings, and for that reason, staking is unprofitable and not worth the risk. I don't know where you guys find such bank interests, because here even locked time deposits do not provide you with more than 0.10% interest.

Even the bank's investment programs do not offer a guarantee for your funds, with most of them offering petty APYs compared to cryptocurrencies and DeFi. Only deposits are protected, which won't yield more than a few euros per year. The most I've received is 2 euros every 3 months, having the triple money compared to Binance's savings option.

There are no guarantees when it comes to investing. That's the only way to battle rising inflation. If your money is sitting in the bank, it's losing value every year.

I'm happy that it turned out fine for you. Even though you only borrowed a small amount of money, I'm highly against using money that you don't practically own. It's an unspoken rule not to use borrowed funds for investments, not just Bitcoin, for the same reason you wouldn't go to a casino with borrowed money. Things can quickly deteriorate, and you're screwed, especially if you have a bank loan and are paying interest. If something occurs and you're unable to make your payments on time, accrued interest will quickly accumulate, putting you in serious debt. If I remember correctly, a member here recently claimed that he took a loan of over $10.000 in order to buy bitcoin. This not only poses significant risks in the event that Bitcoin or the market crashes severely, but it also significantly reduces your APY, assuming everything goes as planned.

Luckily, Bitcoin's prices were much lower in 2017 and it was considered a great period for purchases, regardless of what your capital was, in which case it was small and even if it didn't go as planned, you wouldn't be in so much trouble, but it is still something to be avoided.

Wasn't Ukraine's wish to join NATO the cause of this war in the first place? Ukraine has been trying for years to join NATO, since 1992 to be exact, and Putin has warned against having NATO at his borders. Surely, he's a mad man, but his concerns are understandable on the one hand. On the other hand, I see Putin being a whole lot more aggressive towards the West when it comes to being bordered by a NATO country than NATO itself. Regarding Russia's viewpoint, there are two versions. The more common and well-known perspective in the West is that Russia is and has always been an expansionist state, and that Vladimir Putin is the personification of that fundamental Russian ambition: to establish a new Russian empire and revive the former Soviet Union.

On the other hand, the opposite viewpoint contends that Russian security worries are legitimate and that Russians perceive NATO's eastward expansion as hostile to their nation. Putin has made it obvious for many years that if the expansion were to continue, the Russians would probably put up a strong fight, possibly even using force.

Even if Ukraine supposedly joined NATO now, they still can't interfere militarily for a long time frame, if I remember correctly. On top of that, as others have already suggested, Ukraine is unable to join NATO during a state of war. I fully comprehend that they wanted to distance themselves from Russia and Putin's threats, but in the end, was it worth it?

I also found the Reddit post you quoted. Not only are they centralized, but they also require KYC, according to a few other replies I read at least. Taking into account that I haven't found anyone directly mentioning that they've been scammed, except some users claiming that it's fishy and provides absurdly high APYs, I don't believe it's a straight up scam but rather suspicious to say the least. The website mentions Switzerland, but a whois domain lookup shows Finland.

The only thing concerning/surprising me is that there's not a single mention that they've been scammed by this platform. Their APYs are out of this world, especially for single stablecoin vaults. I'd understand if they were paired with a riskier algorithmic stablecoin, but single USDT/USDC/BUSD vaults offering up to 16%? That's crazy.

I am tempted to try with a small amount of money just to test how their platform functions.

I was browsing today trying to find a better alternative to Binance's savings, after suffering a third interest drop. I came across the following website: Stakingrewards.com, which presents you with all the available alternatives. I was interested in USDT/BUSD/USDC and was surprised to see the offered APY from a platform named "Midas Investments". They're offering absurdly high APY on coins such as USDT or USDC (up to 16%), and 8.5% and 10.4% on Bitcoin and Ethereum, respectively, without requiring a lock-in period. They also feature their own coin, named after their website, offering up to 27% APY.

Has anyone used them? While I don't believe they are currently a scam, I'm not sure if their business model is sustainable in the long term. Supposedly, they've been in business for over 4 years (haven't confirmed it myself), while according to Captainaltcoin.com's review, they're a registered business in Switzerland, with a pretty decent rating of 8.2/10.

Review
Midas Investments

That's understandable. Staking stablecoins offers minimal risk, but you can't expect to yield massive results. Altcoin trading is way riskier and not many people are willing to take such a gamble. Personally, I do not do either. I'd rather find a steady source of income than constantly be on the edge of my seat. If I were to use this kind of money, I'd rather buy Bitcoin at least, in order to have some peace of mind. Supposing you have a decent amount of money, staking on Beefy or similar will provide you with a relatively decent passive income, since its interest isn't in tiers, compared to Binance, so the APY is applicable to the whole amount you've deposited.

Some stablecoin vaults are riskier than others, providing you with a higher APY than the BUSD/USDC/USDT ones, which look like the middle ground for investments. In the upcoming days, I'll distribute 30–50% of my funds on the following smart contract: https://app.beefy.com/vault/ellipsis-busd-jchf.

I've read that it's 1.2% burn per transaction, which is a few million coins at a time. What most LUNA holders/users don't understand is that they'll have to voluntarily pay the 1.2% fee, as opposed to Binance's minimal fees. Personally, it looks like a mere attempt to save the coin, which currently has trillions in circulation. It'll take years to have any kind of effect on the blockchain. Eventually, the trend will wear off and the LUNC will simply fall to its ultimate death.

There's no use hoping for its recovery. At most, it'll eventually surpass $0.001 during a bull market and only those who purchased during the crash will benefit. Early adopters within 2020–2021 are pretty much doomed.

I know it's been a while, but I wasn't tracking the EUR/USD exchange rate. It recently reached its lowest level in over 20 years, with an exchange rate of 1 EUR/0.954 USD. I didn't anticipate it to fall by that much, going well and beyond under $1, and although there was a small recovery today, things are still looking pretty bleak. On the plus side, the price of crude oil and natural gas has dropped significantly over the last week, providing some small relief at gas pumps and in the energy exchange market. Although I haven't seen any significant drop in gas prices, it's still a little encouraging that prices are not increasing any more.

This is putting a huge strain on the European economy while the situation in Ukraine with the recent Putin threats doesn't look too positive.

Perhaps I didn't phrase that correctly. Luna has a sizable following, divided into two groups: those who believe it can regain its former glory and those who bought at the bottom and are waiting for the right time to sell. I don't believe it has huge potential; certainly not since it completely failed once, it's bound to fail again since no proper action was taken for its recovery, but I do think that there will be some percentage of improvement in the upcoming future. Even if it reaches $0.001, as the OP suggests, it will be a huge win for those who bought at ~$0.00002.

One of the most common ones is conducted via platforms such as Telegram and Discord. These places are filled to the brim with scammers who pose as administrators or good samaritans willing to help you out when you ask something in the group. They are a lot more dangerous than the usual spam bots found on the same platforms regarding fake giveaways from fake exchanges, charging you a fee to withdraw your so-called prize. A few months ago, I was approached by one of the first mentioned scammers and was tricked into entering my private key on a fake Dapps website. I was fortunate enough that after doing so, I realized how stupid that move was and quickly withdrew all my funds to another wallet.

It's a combination of social engineering and phishing, probably the worst type of scam you come across on such platforms.

I'm so sorry for your loss, but honestly, I'd be more concerned about the camera inside your room. While it sucks that you lost your coins, a recording of you and your wife by some sicko sounds way worse to me. Your privacy is much more important than money. Sometimes, it might not even be the hotel planting the cameras, but some previous sick guest who rented the room. As others have already suggested, it's best to avoid accessing your wallet in public places or networks. It's better to be safe than sorry. However, I could never have imagined being screwed over in this way. Last month, I lost some XRP due to a fake Google Sheets extension that installed itself. Scammers never fail to impress me.

People are even struggling to purchase the necessary groceries due to the increasing living costs. Thus, for most, saving or investing is out of the question. Even though investments are a great way of tackling inflation numbers, their yield usually takes time and doesn't have the immediate effect you want during a period of recession.

I've been unable to save as much as I used to due to everything being so expensive nowadays. Even though I've cut most expenses in half, the money being put aside is significantly less compared to last year. I would like to invest in Bitcoin, but I'm on a budget and wouldn't like to take risks.

That's true. When it happened to me, I knew something fishy was going on, but decided to play along. I tried hopping on their so-called website in order to exchange the tokens, and except that it was a copy-cat from another service, it attempted to input your wallet's private keys when trying to connect your wallet to their website, claiming that automatic integration was faulty or whatever. Thus, while both are dust attacks, the latter aim at phising you in an attempt to steal your wallet's private keys.

There are actually a few instances of stablecoins like USDC or USDT losing their peg, but their recovery was almost immediate. I don't think there's a huge risk involved with the two mentioned stablecoins, regardless of the market situation. The ones that can be affected are mostly algorithmic ones, backed by volatile funds. UST, for instance, was backed by Luna and Bitcoin reserves. Both are volatile assets, which is a recipe for disaster.

This doesn't mean that all algorithmic stablecoins are bad. There are actually decent ones like Frax or Magic Internet Money (MIM). However, compared to USDT and USDC, they are way more likely to encounter stability issues during bear markets. There are several examples of algorithmic stablecoins deviating from their $1 peg listed on CoinMarketCap as we speak. Some examples include Neutrino USD (USDN), USDD, which lost its peg a few weeks ago, or USDX.

I never thought of it this way. I never browsed the bounty/airdrop section and was completely ignorant of the spam that's posted there. In reality, before the introduction of the merit system, you simply had to be active enough to earn potential activity points and post in order to rank up. While the required activity is still a lot, it's something completely doable for all these kinds of spammers. The altcoin section is filled with them due to bounty sections. I was unaware of what was going on there.

Putting a stop to this spam was vital and the introduction of further requirements in order to rank up was necessary. Since I was here before its introduction, it's safe to claim that spam has been severely reduced nowadays.

I've had this happen to my Metamask wallet. I received a few thousand worthless coins/tokens that showed up when using services such as Yieldwatch and, of course, couldn't be sold despite showing having an X value due to them having zero liquidity. However, even after reading your article, I still don't quite understand how dust attacks are dangerous. Could you please elaborate? From what I've understood, it simply deanonymizes your address by creating multiple links towards it. Does it pose another risk? Addresses are not actually private, but if you don't publicly share them, like we do on our profiles, there's no way for them to be linked back to us. Correct me if I'm wrong.

I snooped around your posts and saw a few worthwhile posts, so I sent you 5 merits in order to rank up to full member. Make sure you improve your grammar in a few posts and you'll be good to go. Use Quillbot before posting and you'll see a huge difference, especially if English is not your first language. I'm pretty proficient in English but still use it.