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I used to hold LTC. I used to believe in LTC, with it's cheap fees, faster block times and decent community. I even profited massively from LTC . Sick 968% profit. However, that thesis and my expectation of LTC hitting $1,000 is no longer valid. I sold all my LTC when Charlie Lee sold his. Charlie Lee helped me sell the LTC top though, so I'm much richer because of him, thanks Charlie. A crypto founder with no skin in the game? Lol, okay. Bye. What's the point of LTC again when BTC fees are almost back to $0 ? With multiple big players supporting Bitcoin Segwit and following best practices like transaction batching, fees have plummeted and the network is actually empty. You can pretty much send Bitcoin for free now. Huge difference to just a few months ago when it was costing $30 USD. Sorry Litecoin. Vertcoin. Groestlcoin. Bcash. Bgold. And whatever other shit. And this is even before lightning network. Bitcoin is back on the menu, at least in my books. The massive reductio...

As many people know, DigixDAO is my FAVOURITE crypto for the longest time. In fact, it was the first crypto that I discovered that got me very excited enough to build a sizeable position. I've talked about it during Cryptmas  ($150 USD, 0.23 ETH) and also during my 2018 portfolio where I outlined the simplified thesis of DGD.  ($200 USD, 0.16 ETH) Well, currently we are at $300 USD and 0.38 ETH. While DGD is fresh on the radar now for being a safe haven during crypto dips (and you can find a lot of recent reviews and explanation of this crypto on YouTube and around the net), this was not always the case.  In fact, DGD used to be a downward-biased, leveraged ETH proxy. This means that when ETH dropped 5%, DGD would usually drop 8-10%. And then when ETH recovered, it would recover slower. DGD was a terrible trade for the longest time until the start of February when it was doing it's crazy shit . However, what is interesting to note, is that since that spike in February, D...

Haha, I kid. I don't have a telegram signal group or a pump group. I don't belong in any of those kinds of groups either. Anyway, with the recent Suppoman is a piece of shit drama , I finally watched some Doug Polk because he had a video talking about this fiasco, and I have to say, I think Doug Polk is my Crypto spirit animal. Please give this video a watch. I really strongly encourage it. I feel like what Doug Polk does as a YouTuber for crypto mimics a lot of my personal and moral views about what it is like being a "public" figure in the crypto space. I echo a lot of points and I actually just subscribed to his channel, heh. I can't attest to his other videos because this is the first and only one I've watched so far, but I really like his style and sense of humour. Other YouTube channels that I watch are: CryptoLark - excellent coverage on cryptos and ICOs and interviews, best in class, IMO CryptoDaily - humourous market recaps CryptoBobby - down to earth...

left: Retail investors new to crypto, photographed December 2017 right: The same people, photographed February 2018 pic.twitter.com/Mgf6FvPCwY — LIL CO฿IE (@CryptoCobain) February 12, 2018 Remember when people used to be so hot about crypto? I guess with the market still down from all time highs, a lot of that heat has dissipated away and along with that, lots of newbie money just lost in this sea of red. Strangely, I am not too affected. Reason being is that I came in early enough and heavy enough that the average cost of my positions are still deep in the money. For the new people, especially those that plunged into Bitcoin without understanding it's investment thesis, they got destroyed. Why were people plowing into $20k BTC when fees were pushing over $20 USD per transaction? Now the price has dropped 50% to ~$10,000 and transaction fees have plummeted and amazing 99% to cost just $0.20 USD per transaction. If anything, BTC right now is a massive giant howling screaming monkey...

Makes you really wonder, all that money in your bank accounts and investments... what would they be worth in the future? I wonder if there is any sort of money that cannot be arbitrary printed to infinity to inflate away my purchasing power? Hmmmmmmmmmmmmgoldmmmmmmmmmmmmmm Hmmmmmmmmmmmmcryptommmmmmmmmmmmm Nothing comes to mind. Oh well. Maybe I'll tuck away $50 into the bank today so I can buy a plate of chicken rice in 30 years time and laugh about it.

The cool thing about cryptocurrency, which is a very rare property in investments, is the lack of counterparty risks in ownership. Admittedly, counterparty risks is one of the most overlooked risks that many people assume. Usually because they have no choice to accept it. But in the crypto world, there is little excuse to assume counterparty risks. Why let a 3rd party hold and own your funds when you can own it yourself? Are you too cheap to pay $1-10 USD to withdraw your crypto from exchanges? Are you too lazy to manage your own private keys? Convenience? Well, then sooner or later, you might lose your crypto. Gox. Coincheck. Bitgrail. This one specific unlucky guy lost $1.4M USD that was on a compromised exchange. How many more exchange hackings do we have to go through for people to finally get this? Got crypto in an address not controlled by your private key? Not your crypto. Lack of hardware wallet support is just a lame excuse. In most cases, there are software wallets and also p...

I gotta say, Tama from Stansberry Churchouse writes a pretty good overview and recap on the recent crypto crash. You didn't see it coming? Well, I did, pretty much exactly what he said in his article. I had significantly slowed down my crypto purchases. Let me show you my historical purchases. Don't you worry about GMGH. Notice the date of this post ? 19 Dec. When ETH was $789, pretty much the current price today. Portfolio returns have dropped due to fresh capital being injected in and bringing down the number, but we're still rolling in the triple digit percentage profts. Oh yes, triple digits. Admittedly, closer to 100% than 999%, but hopefully that changes soon, HAHA. Stacks and stacks and stacks of ETH sub 300, then changing gears to alts with good long term potential (XRB, BNB), then haitus for 2 weeks (7th Jan - 22th Jan) watching the market go irrational and parabolic, then catching knives buy buying stuff well off their all time highs and chasing the market down to...

My face opening up the warchest and remitting USD to Gemini Rushing to log into Gemini after getting an email notification that my deposit is in Firing up TradingView and Cryptowat.ch to chart in an entry And then frantically looking for the dip. WHERE IS THE DIP? Finally realizing that I didn't even have to do anything. The crypto market cap had dropped 66% from 832M to 279M. Some crypto were down 60%, others were as bad as 90% down. At the lowest point during this whole period, I was still in profits. This was and is a period of great cleansing. To weed out the speculators (playing on margin). To weed out the people who didn't even know what they were buying. And to transfer all those cheap crypto to people that know what is up. My holdings for almost every crypto has increased across the board during this extermination. The weak have been purged and expunged from our ranks and only the strong remain to push forward. R.I.P. weak hands Fingers still crossed for more 1 dip with...

Credits: @barneytheboi The crypto markets is a bloody mess right now. From ATHs: BTC -63% ETH -48% XRP -81% (lol) TRX -89% (lol) XVG -85% (lol) How is GMGH doing? Not too bad, still over 150% in profit , lol. What is the market like now? What am I doing now? Worst case scenario? Best case scenario? See you at the front lines.

Everyone in crypto is doing this, so I'd share my updated view again. I did write about Tether months ago when it was "only" at $600M. We've come so far. All the reputable crypto youtubers which I watch absolutely do not use Tethers at all. I have not, and will never, use Tethers. I have my own theory regarding Tether (USDT exchanges are fractional banking and are hedging out their positions by buying USDT during downturns), but honestly, it doesn't really matter. As a consumer you should just know that: (1) there has never been an audit by a reputable auditor and  (2) even if an audit reveals that Tether has the money, it doesn't mean that you can redeem it, because I have not come across any reliable source that has. Point 2 is really, really important. Even if Tether can prove that they have the money (which I doubt), that doesn't mean that they are obliged to allow people to redeem it. I am just staying away from the whole shit show. Likely when / if ...

Whoa, wtf? A non-crypto post from GMGH? Ahaha, yes. Hyflux and their perpetual bonds and preference shares have always piqued my interest. It just so happened that I came across this ST article on the Hyflux preference shares which I remember talking about in 2016 a while after they issued their perpetual bonds. Back in Oct 2016, I talked about Hyflux and their recently launched 6% perpetual bonds . Brief summary: Hyflux perp bonds tanked from 100 par to 96 pretty much immediately. The better buy would be to get their preference shares which were trading at 94.6. Fast forward to today, the perp bonds are sitting at 75. A fantastic 25% over less than 2 years. Congratulations Hyflux perp bond holders! Oh wait, it's a 25% loss . Oops. To be fair, they did get 3 payouts already, so the loss is less. Maybe 16% net loss only? Yes, "only". The preference shares? Shitty at 91.8, no doubt, but someone would've eaten 2 payouts since then and actually make 3% if they sold out n...

Remember my 25th December post ? For full disclosure, I hold a shit ton of it (DGD) . Like, a lot. A lot. Alot. My biggest holding, more than BTC, more than ETH. I explained my DGD thesis in my Crypto Portfolio for 2018 post . I made fun of people who kept telling me that DGD is too expensive to buy at $180 . I also talked about a "truer" digital gold in early Nov as well. So boom, $320 USD or 100% gains in 39 days. And this is during a period where the rest of the market is tanking 40-80%. (Tron, Verge, Ripple, LOL) And of course I didn't buy in at $160 either. I bought in much much lower. Yes, please again tell me how crypto is purely speculative. That it is random. That it is gambling. That I'm just really lucky. I guess that was just a lucky guess, hur? Anyway, SPEAKING OUTLOUD TO MYSELF , if I was a trader I would consider closing my position now. If I believe in the project and it's potential, I would continue holding. I believe that I fall into the latter...