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Showing posts from December, 2017

2017 in Retrospect, 2018 Looking Ahead

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2017 in Retrospect I think 2017 is one of the most important and eventful years of my entire life. It's the year that I re-discovered crypto. I did the first half of the year as usual. Not interesting at all. Bought stocks, sold stocks, boring shit. It was only when I stumbled back into the crypto world and fell down the rabbit hole did things start going crazy. I restarted the engines and blew off the dust from my Coinbase account opened in 2015 and I got down into the dirty gambling and speculative world of crypto. Or so I thought. After devouring every shred of information that is not technically beyond my level over straight 4am nights for 2 months, I realized that this crypto stuff isn't blind luck. There is an art and methods behind it. I don't care about convincing people that crypto isn't luck anymore. Do I get any money if I manage to convince readers about crypto and they start and earn lots of money? No. So screw it. Let the the skeptics watch from the sidel...

Stupid Money is Still Money

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This is actually a re-write of my article that I was going to publish. XRP has blown up from $0.25 at the START OF DECEMBER 2017 to a mind numbing $2.35 as I type this out right now. For all those people thinking that buying XRP is investing in Ripple and you get to invest in the future infrastructure that all the banks are going to use! It is not . Bought it because "Coinbase will list it"? Extremely unlikely . People will still believe so, because, plebs. But then again, I realised that almost NONE of the new people coming into crypto understand anything about crypto or do their own due diligence, much less the technical aspects about many things under the hood. All that matters is that some YouTuber talked about it in his "Hottest Crypto for 2018" video. Who cares about the technology if you can make money? And sure enough, Ripple delivered. Ripple did a 9x from the start of December. Yes, +900%. In a month. (Lol, I can never go back to stocks.) But, it's st...

Crypto is full of Regrets

Do not own any crypto? Regret. Do not own any crypto after listening to your friend shill it years/months ago?  Regret. Convinced about crypto, but waited too long to buy?  Regret. Finally bought crypto, but didn't buy enough?  Regret. Bought enough crypto, but it immediately went down?  Regret. Sold crypto for a profit, but it continues to rise?  Regret. Didn't sell out the crypto at an all time high?  Regret. You trust dear old Uncle Warren about crypto?   Regret. 2017 is ending and you still haven't bought any crypto?  Regret. 2018 is coming and you still think crypto is a mirage / ponzi / /fraud / scam / bubble? ________ Well, we don't know the answer for the last one yet, but crypto is full of only one thing, regardless if you missed the opportunity, lost money or even made money, so I guess you can fill in the blank yourself. 2018 is going to be a ballistic year for cryptos. Watch as many non-believers finally cave in and join the ranks...

My 1st Crypto FOMO

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I have got to say, I am usually very cool headed and reserved when to comes to investing. But, I have to admit that I recently did something very dirty that even I am ashamed of: I went to FOMO buy into a crypto at all time highs, AFTER it already went up 3,000% in a month . I really don't do these kind of things. But when I came across the project again (first saw it at the start of December), I dived in deeper and I came out blown away at the technology and the progress of it. Is this something I'll regret? Maybe. Buying into rips at all time highs is definitely a terrible idea. However, I think that the medium term outlook of this crypto is EXTREMELY rosy. I'm looking at about lowball estimates of 50-150% returns depending on my entry. Realistic estimates is closer to 200-400%. And the ridiculous moon estimate? 800-1300%. Of course, it's all just crystal balls and hocus pocus, so hey, maybe tomorrow it tanks 50%. Obviously, I'll be buying the damn dip. I have ne...

Merry Cryptmas Gift!

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Merry Cryptmas! Ehehehe. You know me, I love my stupid, "how is that even related" gifs! It's Christmas, so sexy elfs dancing! Isn't that acceptable? Okay Billy Bob, chill out! Anyway, this Cryptmas I wanted to give away my favourite crypto trade idea. DigixDAO (DGD) Unfortunately, I am NOT going to explain or tell you why I think that it is such a fantastic trade idea... yet. I'm just putting this idea now as a timestamp of my genius (or also how I screwed up big time). I have mentioned it several times in my blog before though. They are creating a stablecoin based on gold, which is extremely important in the crypto ecosystem. For full disclosure, I hold a shit ton of it. Like, a lot. A lot. Alot. My biggest holding, more than BTC, more than ETH. If you think I'm not shilling this for my own benefit and I genuinely want to share what I believe is the best trade of 2017 for 2018, then you should do your own diligence and research into this extremely overlooke...

This Is Why You Buy The Crypto Dip

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*removed shitcoins to prevent noobs from buying crap, you are welcome. Did you buy the dip? Crypto money. Easiest money in the world. As a side note, the last time I seriously pulled out my wallet before last night, was 3 weeks ago when ETH was at $436. $436. 3 weeks ago. Let that sink in for a moment. Easy money, but dangerous AF when you realize just how many people bought in before you at way cheaper prices, and they are so balls deep in profits that they couldn't care less about cashing out into a 50% crash because they would still be laughing to the bank. If you understand the technology and believe how these things will change the world, this is all just short term noise. You already know that it's going to be worth more in the future. The trajectory though, is uncertain. That's why you need big shiny balls of steel to play this game. Stay safe, keep cool. Btw, I actually think we can tank further. Even -60% from all time high. If you caught the bottom, you're in ...

BREAKING: Bitcoin Crashes -35% in less than a week!

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OH NOOOOOOO THE SKY IS FALLING THE BUBBLE IS BURSTING And I'm buying the dip, ehehe. Why? Because Bitcoin "crashes" every quarter. And its totally and perfectly normal behaviour. As per my previous post , let me update it a bit: Bitcoin Crashes Jun 16: -41% Jan 17: -37% Mar 17: -31% May 17: -33% Jun 17: -39% Aug 17: -20% Sep 17: -40%  Dec 17: -35% (as of now) Bitcoin Prices 30 Jun 16: $636 31 Jan 17: $970 28 Mar 17: $1,195 31 May 17: $2,303 30 Jun 17: $2,455 31 Aug 17: $4,743 30 Sep 17: $4,388 31 Dec 17: ? Can it drop further? Of course it can. Another 15% drop from where we currently are sitting at can be totally expected. Deeper than that though would be rather interesting and get my attention. Anyway, I will continue buying it as we go lower and lower. Because I'm just stupid that way.  Please for the love of your own money, DO NOT PLAY WITH CRYPTOS IF YOU DO NOT UNDERSTAND IT.

Stephen Baldwin understand Cryptos better than you

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The Baldwins are as crazy as they come, but Stephen says some really good stuff here. What a lot of people are being confused about, especially by the mainstream media and by financial "experts" is that there are 2 distinct things that we are looking at today, not 1. #1 - Bitcoin and other cryptocurrencies as an INVESTMENT at this PRICE ( BUBBBLEE! ) #2 - The value, usage and potential of the various different types of crypto today and in the future Wait wait, hold on a second. Different types of crypto? Isn't it just Bitcoin and knock-offs? No. There are many different types of crypto. There are the currency types. There are the platform types. There are the governance types. There are the security types. There are the utility types. There are the fund types. While PepeCash and DogeCoin might sound really stupid and ridiculous, they are both worth more than you. (And yes, they are ridiculous) But then again, there are cryptos that are coming out which are going to change...

#GivingWeek 2017 Update

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This is the update from  my previous post at the start of the month . Anyway, this is just me showing my accountability that I do what I said I'll do. giving.sg looks and feels better compared to when I was using it last year. It's really very easy to donate. Just sign up, add charities to your cart, check out! I must say, I enjoy this annual ritual that I do at the end of every year. I wish everyone Happy Holidays! Have a great end of the year everybody!

2H 2017 Crypto Portfolio Performance

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The quick and easy number?   +254.77% The math is a simple one, I'm too damn lazy to count XIRR. It would be a ridiculous number like 800% or something anyway. ( Current Unrealized + Realized Profits ) / ( Capital Invested ) = Returns I'll give you guys the facts: I bought my FIRST crypto on 9 June 2017. I've been invested in cryptos for 6 months and 10 days. I was very lightly allocated initially, but my allocation increased heavily towards the end of August. The median date that I allocated my capital was 2 September 2017 (ie. half was before, half was after). I did say that on 23 August I'll be going all-in crypto.  I'll leave it up to you to speculate how much I actually put in. My worst closed position was +5%. My best closed position was +968%. My worst open position is my ONLY negative position and it is at -4.3% My best open position is at 842%. I have taken part in 4 ICOs. I have made money in all of them. No duds, heh. Obviously, my most current positions ...

Crypto Cancer Shitcoins

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I would not say that I am an expert in cryptos. I'm probably better than average though. I only started seriously doing cryptos in the 2nd half of 2017, but I have since read and studied a lot about cryptos, so much so that I sold everything I had and went all in . However, as many of you know, not all coins are created equally. In this post, I would like to share with you my personal list of cryptos that I avoid. Why am I sharing this? I see a lot of noobs rushing in to the space and I really wish that they wouldn't lose all their money buying shitcoins. Anyway, here we go, starting from the largest caps as listed on CMC today. Bitcoin Cash - Absolutely retarded way of scaling. Fake Bitcoin. Ripple - Private blockchain with no user use cases. Pre-mined with a bajillian coin supply. IOTA - "Tangle" technology that is untested, unproven, user unfriendly and no user use cases. DASH - Pre-mined Masternode coin. Probably the most unfairly distributed currency-type crypto...

SMRT Feedback has $8 mil SGD in Bitcoins

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Holy shit, lol. And you know what? I believe them. They came out with their guidebook on cyber security and online anonymity a long time ago and that was actually *THE* thing that got me into researching more about my digital footprint and my own security. One thing led to another and that all lay the foundations for me discovering many of the things I know now, and it has definitely helped me understand why Bitcoin was so popular in the darkwebs where it first thrived and that has of course help me understand cryptos as intimately as I do now. Of course, Bitcoin has lost its place in the darkwebs since it is only pseudo-anonymous, while other crypto like Monero is becoming the defacto crypto there. Sounds like gibberish to normal people, but I understand all of these things now, thanks to these guys right here. I have nowhere as many Bitcoins as The Vigilanteh, but I am extremely grateful to these guys for planting to seeds of knowledge into my brain a long time ago, which in turn led...

GMGH's Crypto Starter Pack v2.0

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Dear all, This is based on my previous post done in August , and I have updated and revised some stuff while keeping it more brief and succinct. Yes, there are some referral links here. Yes, I am using all my own recommendations. Now, let's get started! Password Manager You need dope ass, top of the line security when you handle cryptos because now you become your own bank. You need proper security measures like long, complex, non-reused passwords and you need a way to remember them all. You need a password manager. I recommend Dashlane.  For your 2FA companion, I recommend Authy. Alternatives are Lastpass or 1Password. Not recommended options are non-password protected Excel, Word, Notepad or Post-its. Fiat-Crypto Exchange You need a way to turn your SGDs into crypto. What do you need? A bank and a fiat exchange. I recommend using DBS Remit with Gemini. 0.65% currency conversion and remittance fee. 0.25% exchange fee. A lot of people have problems with Gemini because of a recent ...

Keynesian Economics, Best Economics? Lol.

. @paulkrugman is a senile old dinosaur. pic.twitter.com/j8cAEqZbxz — MG (@pi207879576) December 14, 2017 These days, everyone is an economics expert.

Sold some Crypto for 968% Profit

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And before you ask, No, I do not think crypto is in a bubble. But I do think that the recent run up in LTC has been rather CRAZY. Anyway, I took some profit because why not. I sold off 6.0618 LTC for $3000 SGD ($2955.30 after fees actually). Based on my purchase price of about $276.70 in early june, I sold off this bunch of LTCs for a staggering nett profit of  $2678.6. That's a profit of +968%. In 5 months. It feels nice to take some sick profits. I think LTC will go past $1000 eventually with ups and downs along the way, but I took this profit just so that I could blog about it. Oh by the way I sold only $3k worth because that's the sell limit on coinbase. And yes, I have a ton more LTC. Anyway, that is all. Have a good day. Want to trade crypto? Referral links to 2 exchanges that I use a lot these days! Binance  - One of the best crypto-crypto exchanges with 0.1% fees and 2 BTC withdrawals limit. HitBTC  - Another very good crypto-crypto exchange  with 0.1% fees a...

I'm back from my break! Bitcoin Futures thoughts

It was a short break, just a week, but I managed to get a lot of things done! I hope that I got quite a bit of my life organized now and that the rest of 2017 and 2018 would be quite smooth sailing for me! -------------- Lol when I left BTC was at $11,000 and it felt kind of giddy to me. Now we're sitting around $15,000, but not before peaking at $17,000 - $20,000 depending on which exchange you are taking the price reference from. Now that $11,000 is starting to look CHEAP, haha. --------------- One of the things that pulled me back from my blog break is regarding the release of Bitcoin futures, which I believe starts tomorrow. If I was super rich, I would have been buying up tons of actual BTC over multiple exchanges for the past week(s) or so leading into futures trading. It would help me with 2 things: (1) accumulating actual BTCs and (2) pumping up the price. Why would I want to accumulate BTCs? Well, it's so that I can open short positions on BTC on the futures, and then ...

Blog Break

Just fyi that I'm taking a break from blogging for a while. No, the crypto markets aren't crashing and I'm not running away to hide my face. Au contraire, the crypto markets is back (to business as usual) to pushing ATHs. It will crash. But it will also continue going up. That's just the nature of a new paradigm. It's a bubble? Guess I'd ride it up another 1000% and cash out then. My crypto portfolio is exploding like you wouldn't believe it. It's absolutely disgusting. I'm thinking of sharing my performance at the end of the year. I'm not sure if I should share % gains or absolute profit. I don't want to share both, because then you guys can reverse engineer my capital, which I am shy about. I'm leaning towards % gains because it's a more generic number, but the absolute profit in $ value is also eye watering. I'm not sure if it would be responsible to shill my profits like that. A lot of greedy people would be tempted to rush i...