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Jun 28, 2018: The current Mayer Multiple is 0.62 with a $BTC price of $USD 6,142.35 and a 200 day moving average of $9,889.74 USD. The @TIPMayerMultple has historically been higher 94.71% of the time with an average of 1.55. Learn more at: https://t.co/9n0xlTWuNP — Mayer Multiple (@TIPMayerMultple) June 28, 2018 Based on this metric, Bitcoin is reaching valuations almost 2 SD below its mean. As always, I am a steady buyer. Time horizon long. My faith in crypto is strong. Outcome could be wrong. How'd you like my haiku? I made it rhyme as well, as a testament to my linguistic prowess. The question for me isn't if I should be buying now - the signs mostly point to yes. The question for me is HOW MUCH I should be buying now to maximize my returns. It's always good to remember that cheap can get cheaper, and buying cheaper is better for returns. I suppose the least wrong answer is just to average out my buys over objectively cheap periods like this. 2018 portfolio rekt, per...

Oh, how far we have fallen from the sun. BTC is sitting at ~$6.2k and ETH at ~$450. On the bright side, my leveraged long position at $377 is still in profits and I'm overall still in profits. well not super sick profits like before, but c'est la vie So this bear market has been pretty brutal, especially to all the new guys and to all the "ICO flippers". There's a reason why I'm mega selective on my ICO positions. I try to play defensive instead of offensive. Crypto is so naturally high risk anyway that just playing defensive is good enough for me. My technical analysis (which is pretty shit) that I did a few months ago has been pointing to a bottom in Aug / Sep. Recently, I have been studying the long and short interest in Bitcoin and I've come to conclude that we're likely to have at least another dump - there are too many people who are still very long in the crypto space. Being contrarian has it merits, because it helps you understand long and shor...

It's strange, but I quite enjoy reading the stuff put out by the research guys by Stansberry Churchouse. Their recent article is about the precarious demographics that Japan is facing . Perhaps the reason why I enjoy a lot of their articles is because we tend to approach the some topic, but I get to see someone else's perspective. こんにちは~! I have talked about Japan's structural demographic issues and their policies to address it before, in Sep 2015 and Dec 2014 . Fast forward to 2018 and what do we have? BOJ still printing money to push up asset prices, and are now owning 80% of eligible ETFs . Do I have to explain again why debt isn't good for countries ? Well, if you're not planning to pay altogether, then you've got a great deal lol. I'm certain that in my lifetime Japan will have an event that will really shake up their status quo. I'm not specifically trying to target Japan, I'm a financial asshole and I wish for hell on the global financial ma...

I think in Singapore, one of the most popular investing styles is income investing, mostly through dividend paying stocks and REITs, supplemented with retail bonds. To be honest, it is a strategy that I myself is quite fond of. Kyith wrote an excellent piece about HY dividend stocks and some ways to think about them. I think it's a great read, especially for people whose analysis consists of only looking at the headline dividend yield number. Business profits could drop. Dividend payouts could drop. Demand for higher yield could increase, price would drop. Some people might think that fixed income investments might be better, since the payouts can't drop. That is true - to an extent. Payouts could just be cancelled and stopped altogether, ala Hyflux style . Worst still, the principal could just be defaulted on. So are bonds are safe? It really depends which one. This is an example of an extremely unsafe bond . Almost 3 years ago, I was analyzing Telcos , which are known to be ...

Source: Wolfstreet Wolf Ritcher wrote a nice piece on this. Will just copy my favourite bits here. (For reference, the bonds were sold at 90 cents on the dollar) So don’t cry for Argentina’s investors that inexplicably bought $2.75 billion of 100-year bonds with a 7.125% coupon in June last year, at the peak of the cheap dollar-debt benightedness.   Everyone knew that Argentina would default on these bonds before they’d mature, as it has defaulted repeatedly on its foreign-currency debts, and that it was only a question of when it would default and how many times.   But the lure was just too juicy to not bite, in an environment where central-bank shenanigans (NIRP) were producing negative bond yields in Europe and Japan. And even in the US, ZIRP was still not fully banished. In the ensuing pandemic chase for yield, which had lasted years, investor brains were systematically starved of oxygen. ....   The thing is, Argentina hasn’t even defaulted on it yet, though 11 month...

Crypto markets are dropping and I'm busy wearing my helmet catching falling knives. Lots of interesting progress are being made on the tech front. Lots of trash also raising obscene amounts of money. I'm rather busy doing a few personal crypto projects. Things ought to be quiet on my front for a bit while I busy myself making money. I shall report back triumphantly about my endeavours as I'm done with each of them. One week on and I'm already at 1% of my $50,000 goal . Steady as she goes. $500 in a week from clicking here and there, best sidejob ever lol. Also, it's been a slow week. Things ought to pick up next week, heh. Remember guys every time someone kills themselves due to bear market the bitcoin they held is basically burned Bullish. — Roy Blackstone (@StartaleTV) June 11, 2018

what the hell is going on pic.twitter.com/4CB7RVpzFV — Jill Carlson (@_jillruth) June 12, 2018 "I'm watching Donald Trump, the current President of the United States meeting with North Korean leader Kim Jung Un for a peace treaty in Singapore, on CNN with commentary from Dennis Rodman wearing a marijuana ICO cryptocurrency t-shirt." Never thought that this is real life eh? Well, it is, lol.

Ethereum is deliberating about lowering Casper staking from 1500 ETH (~$1.2 million SGD) to just 32 ETH in Casper + Sharding (~$25,000). Owning a sharding validator might be like owning an apartment building in NYC. I'm psyched to run an ETH sharding validator and have passive income while helping to protect and secure the blockchain that I am using. Apparently though, there are concerns about centralization because it means that non-validating nodes are unable to reject blocks . I see where he is coming from, but I disagree. Right now I run 0 Ethereum nodes. If Casper + Sharding requires just 32 ETH, I'll be running as many as I can. More than a handful, hur hur. I believe there if this is the case, there would be thousands of nodes coming online. Let's see if I'm right. There have been an increase in the "protocol" thesis lately and I'm just gobsmacked by how many people think some random platform is going to usurp the current market leader. I think Eth...

"A 64-year-old Cleveland man is suing U.S. Customs and Border Protection after agents strip-searched him at an airport in October and took more than $58,000 in cash from him without charging him with any crime, according to  a federal lawsuit filed this week in Ohio .   Customs agents seized the money through a process known as  civil asset forfeiture , a law enforcement technique that allows authorities to take cash and property from people who are never convicted or even charged with a crime. The practice is widespread at the federal level. In 2017, federal authorities seized more than $2 billion in assets from people, a net loss similar in size to  annual losses from residential burglaries  in the United States." If you thought the country you were living in is some backwater bullshit of a country, let me introduce you to the fantastic U S of freaking A. Civil asset forfeiture is a long known problem. It's a big problem. And nobody likes t...

This is Arthur Hayes, I'm a business man not a priest, CEO of BitMEX. — Arthur Hayes (@CryptoHayes) April 11, 2018 Did you see my ride today at #Consensus2018 ? pic.twitter.com/qGznsNMgWo — Arthur Hayes (@CryptoHayes) May 14, 2018 Really really good podcast by the CEO of the biggest Bitcoin exchange by volume who was previously a banker in Hong Kong. Yes, Bitmex. The exchange that allows you to go X100 on a position, to unleash your true degen form. This is a podcast where I found myself nodding in agreement regarding how simple trading strategies that have been completely eliminated in the traditional world still works extremely well in the crypto space. The past month I've made over 10 ETH manually arbing by executing by hand - so I can confirm that this is true. Obviously, opportunities like that will narrow and disappear as the space matures. In the tail end part of the podcast, he talks about government issued digital currencies and I find his view to be extremely simi...

" Initial coin offerings (ICOs), sales of cryptocurrency tokens to the general public, have recently been used as a source of crowdfunding for startups in the technology and blockchain industries.   Even after imputing returns of -100% to ICOs that don’t list their tokens within 60 days and adjusting for the returns of the asset class, the representative ICO investor earns 82%." Worth the risk? That's a question for you to ask yourself. Sauce? Academic paper . Nuff said.

Do you see something? Here's the link for yourself. Link 1 for the homepage , and Link 2 for the landing page for their Publications section where it is the lead article for June 2018 . I wonder what this all means. Legitimacy for this rat poison digital nonsense? BLASPHEMY!