facebook

Interesting new position and legal stance from the Iconomi team . TLDR - ICN has always been useless ICN will seize to exist but can be converted to either actual security tokens, or for ETH Interesting trade opportunity: They are committed to buy each ICN at 0.0019 ETH, which is higher than the current market rate of 0.0017 ETH. If you think that they will actually go through with it, you've got yourself an 11% profit trading strategy. As I've mentioned before, a lot of "utility tokens" are useless and worthless . I see a lot more people cycling into very risky coins under the rationale that "even shit coins will pump eventually". Nothing wrong with hating the assets and just taking it as a trade, but know when enough is enough and cut losses if you have to. If there are no fundamental reasons for a future recovery, you're playing a very dangerous game of musical chairs. Good luck out there. Crypto might be depressed right now, but it's doing wonder...

Been extremely busy lately, haven't had enough time to keep up with the markets, let alone blog about them. Things should lighten up for me soon. You can probably expect me to push out content in late Oct and start finalizing and posting my 100+ drafts entries. Anyway, interesting news, just wanted to share this tidbit. The Austrian government will be issuing out 1.15b EUR of bonds over the public Ethereum blockchain. Source 1 Source 2 German Source That's right. The PUBLIC chain. The chain that me (and maybe you) holding ETH is part of. Obviously, this is of no surprise if you read the Nov 17 Project Ubin piece I wrote, crypto securities are one of the lowest hanging fruit to take . In  May 18 I was talking about how crypto securities will be YUGE . Later in July 18 I followed up with a bit more bullish developments on crypto securities . Securities being packaged as crypto should not be a surprise. It's blindingly obvious. It's an extremely logical step forward, and t...

First, just watch these 3 videos. The Australian property market is crazy. I talked about it in 2015 . The first 2 videos give you an on the ground look on what is happening. The 3rd video shows you the viewpoint from an investor who is thinking of shorting the market. It's an excellent case study of a housing bubble and I am eager to see how this plays out. It has been my view that the Australian and Canadian property markets are crazily overvalued and due to a housing crisis. Perhaps that could set up other markets for something similar. Singapore private property prices are a joke. Anyway, just something that I've been recently intrigued about.

For some reason, I managed to stumble upon this article by Dr Wealth that was written back in Feb 2018 regarding his LTC trade . Simple TLDR is that the NAV was $1.63, but was trading at $0.60. Dr Wealth had quite high confidence in the integrity of the underlying assets, since they were largely in (1) investment properties that are yielding good rental, (2) fixed deposits and (3) cash and bank balances. These kind of assets do not need to be marked down deeply when considering their salvage value. 7 months later, buyout offer with a 54% return from entry. Fantastic trade. This reminded me very much of my Saizen REIT trade which saw me realize a total gain (dividends + gain) of 40.4% over about 1.5 years . I consider it as one of my early masterpieces because of just how sure I was that all the evidence is pointing towards good future gains. Yes, I had strong evidence . Now, buying assets at a discount to NAV is a pretty good strategy if it satisfies some criteria: 1) there should be e...

I push out mostly crypto content these days, but I remember the good ol' days when I talk about squeezing blood from rocks to make your money work for you. I made a post about the best place to park your money , and though it is a bit outdated, I'm glad to say that the Citibank Maxigain account that I have strongly recommended people to consider is chugging along very well. Based on the interest I received last month, the annualized return is 2.48%. Even CIMB, who is well-known for usually having one of the best fixed deposit rates in town is only able to offer 1.84% for a 12m tenure in their recent promotion . And mind you - the Citibank Maxigain is NOT a fixed deposit. It's a savings account. You can withdraw anytime you want. The interest rate market is FINALLY moving up, after years of ZIRP, post-financial crisis. The last I heard, housing in Australia has FINALLY overheated and is coming down. What else do you expect from interest-only housing loans ? Lol. In 2016 the ...

Been crazily busy with work, life and of course crypto the past month plus. Things should start slowing down for me in late Oct or Nov, and hopefully I will be posting a lot more then. The BTC 2013-2014 bubble pop saw BTC price decline 92%. That's scary. It took 3 years odd to reclaim back those ATHs. ETH is currently sitting at an approximately 85-86% drawdown. If we match those 92% drawdowns, we are looking at $110. (Why would we? Why should we?) The past month has been particularly brutal. Can you imagine that I've managed to stay abovewater the entire time until just recently? I thought I was doing really well until I got clubbed over the head. I am fine to share that I have finally sunk below my capital that I've put in. Yup, that's right. Even with all my good ICO flips, long swing trades, short term trading and arbitrage profits to buffer me, along with an average entry that I thought was pretty low, I am finally in losses. Not trying to hide it. It is what it is...

Markets are crazy today, lol! Positions got closed out at 28.7% and 92% profits respectively. And this is after manually reducing positions and taking profit earlier at 147% and 238%. Just another day in crypto paradise. Only trading position left is ETH which is, obviously, underwater at this point of time. Oh dear me. Whatever will I do? Just wait lor. Haha. Would you like to counter trade me? You can, here on Bitmex with up to 100x leverage to go long or short! *wink wink*

3 weeks ago I posted that I was buying and leveraging up ... Then, BTC was ~$6500 (my entries were lower). Today it is $7200. How's my Bitmex ROE looking? Looking fantastic, thank you very much. The top 3 are my same positions as my previous post. The last row is my additional position in ETH. Whoever is the crypto whale that signed up with my Bitmex ref link, bless you and I hope your trades has been going swimmingly well, as mine have. For everyone else, Bitmex is where you can trade up to 100x your capital that the price of Bitcoin will go up or down. Yes, you can short on Bitmex, up to 100x. That's right, you can bet on Bitcoin going down and make profits from it. Come and bet against me. Crypto is a stupid scam right? Less talk, more action.  Step right up, place your bets. If you think you've got the balls to put your money where your mouth is at, then prove it. I find it a cry and shame to hear people who are self-proclaimed geniuses at spotting bubbles and pricing ...