Author: Got Money, Got Honey!

About all that "Bitcoin Crashing" News…

BITCOIN IS SO VOLATILE! IT CRASHES ALL THE TIME! DON’T BUY ANY BITCOINS! As gracefully put by @real_vijay and updated by me: Bitcoin Crashes Jun 16: -41% Jan 17: -37% Mar 17: -31% May 17: -33% Jun 17: -39% Aug 17: -20% Sep 17: -38% (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:   ? It’s times like these when every mother donkey cow is suddenly an expert on the definition of financial assets and are...

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Crypto Ramblings Sep 17

I have been travelling and the crypto markets have been lit (by lit, I mean on fire and burning to the ground), so it has been hard for me to blog until now. I did make a quick post that there is a crypto GSS that was happening in early Sep, and now I am fairly certain that the bulk of the downside has passed. Rest assured, my money was where my mouth was at and I was buying all the way down (from ETH 388 all the way down to 262). In just 4 days at the start of...

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Crytpo GSS!

I’m travelling, so I’ll keep it brief. The crypto market felt very overheated. In 1 and a half months, Ethereum went from $140 to $400 and Bitcoin went from $1900 to $5000. It has just stopped it’s ridiculous ascent. Honestly, I felt that the gains have been too fast, too quick and too steep. Even with all the new money flooding in the prop the market, the market does have “some” sort of mechanism that helps to achieve “fair” values. I know in the recent weeks, tons and tons and tons of fresh, new investors have been joining the...

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GMGH Crypto Blackbox Investing (End of Aug 17 Results)

As mentioned on 8 Aug, I will doing something called Blackbox investing. As a refresher what that is all about: I will not be proving my investment capital I will not be naming the actual investments I will not be proving the returns from those invesments I could make making up the entire thing and you wouldn’t know Since then until now, I have been accumulating some cryptos and I have been investing them into different ideas. I think I’ll just share my performance so far and see how this post goes. Compared to my performance just 1 week...

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[SGX Portfolio] Final Update

This is my final update for my SGX portfolio that I feel I have been running quite successfully since March of 2014. Why? I just sold off almost everything, that’s why! Yup, pretty much everything. The only stocks I hold are Croesus, Saizen, Global Investments, Hotung and the STI ETF, pretty much legacy investments that don’t require much tending. Over the years I slowly built up my SGX portfolio from humble beginnings. The best snap shot is the end of last month, where accumulated dividends were $3000, realized gains $1400 and unrealized gains of $100. I’m not certain if...

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Reminder: Gold has better cashflow than bonds of these 13 countries

At 0%, Gold has a higher 2-year yield than 13 countries… pic.twitter.com/6Oj6GtGc1P — Charlie Bilello (@charliebilello) August 28, 2017 As much as a crypto fanatic that I’ve recently been, one of my first true loves in Gold. With Gold at $1320 and Silver at $17.40, I’ve got no complaints. Hopefully looking at $24 silver in December, and of course, I hope gold is coming along for the ride. Let’s see how this goes. ————————————————————————————— Off topic: By the way, cryptos are heating uppp. At a $165b market cap right now, things are looking very precarious here. Although I’m balls...

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GMGH Crypto Blackbox Investing (Test Results)

As mentioned on 8 Aug, I will doing something called Blackbox investing. As a refresher what that is all about: I will not be proving my investment capital I will not be naming the actual investments I will not be proving the returns from those invesments I could make making up the entire thing and you wouldn’t know Since then until now, I have been accumulating some cryptos and I have been investing them into different ideas. I think I’ll just share my performance so far and see how this post goes. Since the start of August until now,...

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Goodbye Stocks, Bonds, Unit Trusts and Sanity

I am GMGH, Warden of this blog, First of this subdomain name, Protector of (his own) wealth, Defeater of Insurance Agents, Breaker of traditional thinking, Gentle lover of travelling and eating, Operationally-Ready Soldier of Singapore, and now… The sacrilegious heretic of modern personal finance. If you’re rolling your eyes at the GoT references, then screw you for judging me based on the kind of TV shows I watch. So, pray tell, what sort of sacrilege have I actually done? I’ve sold off ALL of my bonds – not much, but it was 2 tranches of the SSBs that had...

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Cashless in Singapore

This CNA article about being cashless in China and this video from the ST should really be a wake up call to Singapore. Cashless in Singapore? Wait until neck long long. Can just crawl to the corner in the hawker centre, roll into a ball and die of starvation. Except for a handful of places offering the very fail DASH payment system (this is the SCB initiative, not to be confused with DASH, the $2B cryptocurrency), the new and unadopted LiquidPay and of course NETS FlashPay, I would imagine that 99% of transactions at hawker centres are still done by...

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How to send $165,000,000 USD in 2 minutes for $0.67 USD

Send $100+ MM Fee < $1#bitcoin pic.twitter.com/293q2w3a4X — Alena Vranova (@AlenaSatoshi) August 16, 2017 Bitcoins, that’s how. A friend showed me this link and my jaw just dropped. And of course, you should not just trust, but also verify. Thank god we have the blockchain because that means we don’t have to blindly trust shit on the internet. We can fire up the blockchain and check it and verify it for ourselves. Here is the tx in question that you can look up yourself: 2248452e2122ff2d446565462cac276bbc8420c5874695a9b5c8e3bca8afa2b2 Check 1: Blockchain.info Check 2: Blockexplorer.com Check 3: Blockcypher.com So there you have it....

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Let’s talk Initial Coin Offerings (ICOs)

I’ve actually talked about ICOs before, but I just wanted to come back and touch a bit on this topic. ICO stands for Initial Coin Offerings. In a nutshell, it is a digital Initial Public Offering (IPO). That was actually in the Straits Times, and I think it’s a timely reminder that ICOs are really dangerous and risky. And I’m not just talking about the risks in investing in a early start-up company. There are plenty and plenty of risks. One of the biggest ones is that it turns out to be a scam. Some people found out the...

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First Crypto Cash Out

Slightly over a month ago, I bought a certain crypto (I will not name it). Today, I decided to sell some of it…. at a +446% gain. I won’t give you a dollar figure (obviously), but I can assure you that the profit is in the thousands, NOT in hundreds. Actually, I don’t mind revealing a slight ballpark figure, but I will not elaborate further. The profit from this single trade, which is only a portion of my total tokens in that crypto (<10%), which is in turn only a portion my entire crypto portfolio (<25%), is almost the same...

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Don’t Crybaby To Me About Bitcoins & Cryptos

The market bubble popped a while ago and went from 120b to 60b. Now we’re back above 120b. If you were in ANYTHING at that point of time, your portfolio would’ve been up about 100%. I am currently up over 100%. That statement is not meant to be a brag, but a fact verified by me that such intense gains are not just imaginary, they are possible. (I have to point out that I am expecting another correction again. But hey, the crypto markets are volatile and random af, if you’re getting into this you should already know the...

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GMGH Crypto Blackbox Investing

I know a lot of people are curious about “investing in” cryptocurrencies like “the bitcoins” and whatnot, but this is NOT a post about that. This is instead going to be an introductory post about a group of blackbox investments that I will be doing. Why is it blackbox? What does that mean? It’s a blackbox because: – I will not be proving my investment capital – I will not be naming the actual investments – I will not be proving the returns from those invesments – I could make making up the entire thing and you wouldn’t know...

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GMGH’s Crypto Toolkit v1.0

Dear all, With cryptos becoming more and more popular (I’m seeing even more and more sheep joining the herd, marching towards the slaughterhouse shouting “MOON MOON”), I thought that perhaps it would be of interest to some people to know what tools I use and if maybe they could be of use to you. Since this is v1.0 and there are plenty of old tools being discontinued, and new tools and websites popping up, this might not be the most cutting edge list of tools out there. I have to emphasize that although I use all these tools myself,...

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