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yo if the market is getting to you and you’re thinking of quitting, you absolutely should, you fucking pussy. — cachemoney (@CacheBoi) February 21, 2018 I'll be really busy the next week or 2, basically a forced hodl for me. But I've some drafts near completion that I can post if I have the time to finish cleaning them up. Seriously though, a lambo in SG? I rather take half of its value in cold hard cash. 10% discount if you can pay by crypto. Extra 5% discount if it's Monero. Btw, I opened (yet another) long position at $378. I've also opened my first ever * crypto leveraged long * at $377. Stop loss under $150. Come and get it boys. I really don't like using leverage, but these kind of opportunities don't come too often. What's the worst that could happen guys? Just lose money lor.

Efficient markets? Bullshit. We all know that the traditional markets are shit at pricing stuff. The crypto markets are even worse, with more people at the extremes. Extremely intelligent people pushing the frontiers of this technology, and extremely stupid people hoping to get rich without understanding anything. The latter outnumbers the former 9 to 1. Anyway, the point is that the crypto markets are extremely inefficient at pricing things. I always use DGD as my example , because it was one of the few things that I was EXTREMELY sure that the market was pricing incorrectly. During this particular "wtf gmgh u stoopid shit" zone, a lot of people were questioning my thesis regarding buying DGD. It got particularly worse during the January period when DGD was trading at up to 40% below NAV. A few people stuck in the boat as me were doubting themselves.  I had many many conversations like this around the period when DGD was severely underperforming the market. While many people...

Portfolio is so rekt right now guys. These days, I cry myself to sleep every night. I was stupidly buying the dip . From $740 to $686, I kept buying it as it went lower and lower . Started dipping into my warchest finally and was buying from $645 and lower as prices tanked . I managed to sink in 2 well placed shots at $466 and $487 at the spike down. Not sure if its good enough. Now I've accumulated plenty of positions in the $512 to $540 range. I don't know what came over me to make me buy the dip. Why would I do such a stupid thing ? My newly injected fresh capital is dragging down returns. My returns would be higher if I wasn't so itchy to buy the dip. My portfolio is down 40% from ATH. (Crypto markets is down 60% from ATH, Bitcoin is down 58%, Ethereum is down 63%) I only have 157% profits right now. Rekt portfolio is rekt. I don't know how much more pain I can take. I've resorted to doing arbitrage and I only managed to make $6000 the last few days. Will it be...

Source: @_jillruth "GMGH, why are you so confident about cryptos?" Because I know a shit ton about them. You think I don't know about traditional investing? Heh. But please, Feel free to illuminate me with your deep knowledge on money and technology.

How? Arbitrage. "F*** off GMGH, arbitrage doesn't exist in this day and age!" Oh ho ho, but yes, it does. I sold crypto on one exchange which had people willing to buy at a higher price. I bought back the crypto immediately at another market by people there willing to sell at a lower price. I end up with more crypto than I started out with. That difference is worth $1,900 if I cash it out now. The crypto markets are so extremely inefficient in so many ways. There are sooooooooo many opportunities, it's just a question if the situation, abilities and resources you have is the right fit to take advantage of them. In my case, my resources was simply: 1) Being familiar and having accounts with the 2 exchanges 2) Having liquidity in both the crypto of the pair that I wanted to arbitrage I sent my crypto to sell high on one exchange. I sent my crypto to buy back low on the other exchange. Click sell. Click buy. Boom. 1 second later, I am $1,900 richer. In case you don't...

Markets are still down, but this is the next big dip that I was waiting for (see end of post) . Looking good to post a bottom. Anyway, time will tell. 2010: It's too difficult. 2014: It's too risky. 2018: It's too expensive. 2022: It's too late. #bitcoin — Armin van Bitcoin ⚡ (@ArminVanBitcoin) March 20, 2018 It ain't never too late to be a degen and get rekt lads. If you still don't see value in uncensorable, unstoppable, unseizable money, don't beat yourself up in the future about missing the boat. Nothing would have convinced you anyway. "You don't have to understand it or like it. You just have to accept that this is the future"

"All I see is a bad company becoming even cheaper and cheaper. I don't see anything  currently  that can give it's share price support and form a price floor. What's stopping it from going to zero? Maybe it can turnaround in the future, but buying things that aren't obvious is gambling in my view, which is why I cannot wrap my brain around growth investing. I'm going to stick my neck out here and call Noble a value trap. Maybe it is, maybe it isn't. I don't have to be invested in it to have front row seats to watch how this show ends."  - GMGH, Jun 15 The price of Noble has crashed to $0.11 after they have decided not to pay its bond coupon . It's just only a 98.6% loss from when I decided to exit in Feb 2015 . But let's say you're a 2017 bagholder. I did in May 2017 say that Noble is a piece of shit . Boom. Only 73.8% losses if you didn't sell then. Good ol' GMGH did warn you about this. GMGH got your back. You wanna know wha...

If the US government owned every single bitcoin and each BTC was worth $1 million, it still wouldn't be enough to pay off the US national debt. 🤔 https://t.co/MO1jxuqKFk — Charlie Lee [LTC] (@SatoshiLite) March 18, 2018 No commentary necessary.

Source: bitcoinsperperson.com As much as I used to shit on BTC in the past for being a slow and expensive blockchain, you really cannot deny that it is insanely secure and still a significant improvement over the traditional banking system as the perfect Swiss bank account with 24/7 access to transfer value P2P. Yes, you can send money after bank hours and over the weekend. Well, my criticisms of BTC has dropped drastically due to pretty empty mempool right now. The graph shows the transactions fees of BTC, and it is very CHEAP right now You can force your transaction into the next block for just $0.33 USD. Or you can be a cheapo and wait 8 hours and pay just $0.03 USD. Contrast this to just 3 months ago when fees were pushing $30-40 USD per transaction, and you'll understand why this is significant. The narrative for BTC already looks really rosy just like that, but wait, there is more . Notable investors in Lightning Labs? Twitter and Square CEO Jack Dorsey Former PayPal COO Dav...

March has been busy for me. Unbeknownst to most of you, I have been making a lot of strategic crypto moves over the past 2 months. Anyway, just dropped by to share this particularly enlightening podcast . The second quarter is about cryptocurrencies and I really like his more macro approach and thought process when it comes to investing in this space. There's a large chunk about his book and UBI (which I don't buy), but maybe I might change my mind around that in the future. A rather interesting part of the later half of the podcast is regarding zero marginal cost (a concept that MANY people still don't understand) and universality. Regarding the general crypto market, I am a buyer now. I'm feeling very optimistic now after hearing about noobs getting rekt -80% , lol.

I'll try to make this educational and tone down on the sarcasm. 3 videos for you to watch first: 1) CryptoLark giving you the down low on Crypto Investing 2) Ameer Rosic throwing down some ICO knowledge 3) Kenny Rogers teaching you how to play the game right ELI5 summary: Crypto is dangerous, but also potentially very profitable. ICOs are mostly bullshit. You have to know when you hold 'em and when to fold 'em. GMGH notes / rant: I'll be the first to admit that I have profited massively - MASSIVELY - on "investing" in crypto. I say "investing" since 99/100 people you'd conventionally look for financial wisdom to will call me a degenerate gambler and that this whole hocus pocus thing is a scam and I'm just lucky that this whole ponzi hasn't collapsed in my face.... yet. But I am a degenerate gambler that has been winning. Admittedly, my winnings are less with this recent crypto crash, but its still winnings and not losses. And yes, so fa...

Well, well well, what do we have here? Another crash! Totally. Not. Surprised. What if I told you that the crypto markets crashes (more than 20% drops) once a quarter? Guess what. I did . Oh how time flies. At that time, crypto had crashed 38% to $3000+. Wait, wait, wait, wait, wait a minute. It crashed.... to $3000+? With price flirting around the $9000 level, half a year on, you would be up just under 200% if you had bought that dip. (I did, I bought ETH at $245, $246 and $248 during that particular dip) I think the main point that I am trying to drive home is that the crypto markets are, by the nature of it, volatile and fickle as duck. (look, no cussing!) If you got into the game because you're a greedy, lazy gambling degenerate, then I guess you are rekt. And you should be (how's them TRX, XVG, XRP?). This is a dangerous game. If you thought you'd just throw in money here and boom become a millionaire in a month, then you're are DEFINITELY retarded. All the critics...

What's the worst that could happen? Get rekt. Crypto is a scam. Go back to crappy traditional investments. On a serious note, I have a shit ton of profits, still . (well, it's all relative. probably not so much if you're on the crypto dark side, but triple digit profit % is still mindblowing for the "traditionalists") If the whole crypto market drops another 40% to the $5000 BTC and $400 ETH levels that the doomdays sayers think that we are heading too, I'd still be in profit. That is why I don't really have qualms buying the dip. For me, I'm just reducing my fiat liquidity and overall profitability percentage wise, for the upside of sick gainz. For the crypto class of 2018 , I hope you are enjoying your initiation. Anyway, I'm going in. Please don't follow me. Know what you are doing yourself and why. I never condone stupid and brash behaviour. That said, LEEEEEEEEROYYY JEEEENKINSSSSSS

Binance "Hack" SEC statement Japan regulation BitMex login issues. Also, me last night. And this is my haul from last night's flash sale. Yea boi. Market orders. Cos I don't fool around. To all those people that sold to me, here's one for you. Is this the bottom? Who knows. What will I do if it drops some more? I'll buy more. Update: 9/3/18 0222 Update: 9/3/18 0950 Classic 3rd drive. If it free-falls, I'm pulling back at the next levels of support. Hehe. Yes, I still have bullets.

Source: @sysmannet Here is a pretty simple example of how blockchain works in a real life case study: In Latvia, a cash register prints out receipts with the usual total and receipt number. AND a hash of previous receipt to generate a hash of the current "block number". The next receipt then has its own total and receipt number, and takes the just generated hash, and creates a new hash. What this means is that the entire trail of receipts, total amounts and final ending amount can be checked and verified to be true. What this means is that no transaction in the past can be altered after created. What this explicitly means is that no receipt can be tampered to have its amount changed. Does this have ramifications to accounting systems and even combating employee fraud? You tell me. This, ladies and gents, is how "blockchain" works to secure the data in the chain. But, facking tulips, amirite? "Ooooooooooooooooooo, I get it now GMGH! But why can't we just do ...

I think too many people are blindly following "crypto" gurus these days. Are they seriously that good? Has anyone ever even backtested their calls? Most of them can't TA for shit. Maybe its not that they are convincing, but the people following them are easily convinced. By now, you would think that crypto investors would be a lot more selective about who they follow. I know I am. Until recently, Bitconnect "spokesmen" were actually considered influencers. Yeah, seriously wtf. It's kind of sad . You really have to be careful who are the people you're following in this space. Some people are borderline crazy. I don't even like posting about specific crypto anymore because I know some people are just going to blindly buy it. No, even if you email me privately, I won't tell you what or when to buy or sell. Please don't email me stupid shit. Go do your own freaking research before coming into crypto. Like, right now. Shoo. Anyway, that's just...

Saw this news from ST ? Let's see what's the Monday miday price is like: Hyflux stock price: $0.265 Hyflux pref stock: $77.70 Hyflux perp bond: $0.600 Since my post 3.5 weeks ago when I was shitting all over Hyflux ? Hyflux stock price: -29% Hyflux pref stock: -18% Hyflux perp bond: -20% Since my post almost 2 years ago when I was shitting all over Hyflux back in 2016 ? Hyflux stock price: -53% Hyflux pref stock: -24% Hyflux perp bond: -40% (I know I didn't count coupons. I'm lazy and the shittier returns makes me look better) It sure seems that I like shitting on Hyflux a lot. And for good reasons (evidently). I'm not trying to say I'm an oracle. (I won't be upset if you call me one though *wink*) My point that I'm trying to make is that, yes cryptos are risky. But freaking hell, traditional investments are risky too! You know what's the saddest thing about this whole Hyflux shit? The majority of the people holding onto these toxic assets are not th...

But you know, it's all about perspective, isn't it? Source: 99bitcoins   Source:  urban dictionary   This post is all in good fun against the crypto skeptics! Or is it?

Interesting piece for your reading consumption. I'd say the #1 misconception now by intermediate crypto players is the thinking that you "need to do more ICOs to juice up your returns, especially in a sideways / bear market". Meh. Won't say I fully disagree, but I don't think that is very accurate, or else I would be doing that strategy as well. However, I must say that crypto ICOs are extremely skewed with risk and rewards. For some people, going for obscure ICOs and hunting down low cap cryptos - AFTER FILTERING AND ANALYSIS - can prove to be an extremely profitable strategy. Then again, this strategy only works with limited value since you don't want to end up being the only person driving up the price and volume. How can you exit a huge position if the daily trading volume is less than your holdings? ^ This is something that A LOT of people just don't understand. Market freaking depth. Just because the price is $X, that does not mean that you can sell...