Author: Got Money, Got Honey!

More Quick Crypto Updates

Since my last post, crypto tanked – again – and made fresher lows. A lot of people might have suspected that I have killed myself with crypto tanking so hard like a beech lately. Unfortunately, I am still alive. With the markets making crazy moves, I’ve been busy making moves as well. Talking shit on my blog comes secondary to making money, as many of you would also probably agree. I’ve so many posts drafted and waiting to be cleaned up before posting, but obviously the market is more important. This will just be a quick one, but the...

Read More

Quick Crypto Musings

– the hype in the space has been mostly cleared imo – most of the quick flipping degens have either rage quit, or are down at least -50% from capital (stuck, refusing to book a loss) – BTC and ETH looks great to me (I am contrarian) – ETH looks much better FA and TA wise – BTC has the better branding, and will be the 1st port of call for fresh funds (retail and institutional alike) – my play on the majors is buying ETH to front run the ETH/BTC pump that will eventually come (could be months...

Read More

A Traditionalist Approach to Bitcoin

Here’s Bill Miller’s take on Bitcoin. It’s a very good take. Paraphrasing: – uncorrelated asset – put 1% into it – anyone can afford to lose 1% of their portfolio – it’s a positive expected return lottery ticket Bill Miller says Bitcoin is interesting but that most cryptocurrencies worthless https://t.co/keSepOKmkH pic.twitter.com/2bkHSiHa5L — Bloomberg TV (@BloombergTV) July 27, 2018 I am so balls deep into crypto now that I feel like an expert on money and incentives. Funny thing is, most people, even investors, have shit knowledge on money itself. Making money? Easy. Spending money? Easier. Saving money? Great. Investing...

Read More

The Govt should NOT bail out Hyflux

I read this post by Blade Knight from Dividend Passive Income talking about the Hyflux shitshow. As many know, I rarely go out of my way to call out really trashy investments, because let’s face it, a lot of investors are irrational and will gladly and happily buy up stupid shit. Just because something is terrible fundamentally, does not mean that it cannot be a good investment. Plenty of examples in crypto of pure dogshit going to the moon and making early investors 10-100x their investments. But Hyflux and Noble are my muse. I go the whole nine yards...

Read More

Co-ops before Co-ops were Cool

With the recent 2 co-op articles pumped out by Dollars & Sense (one of the few financial blogs that I hold in high regards) and by SG Budget Babe (fellow crypto warrior), I thought it’s time that I dug out my old posts on co-ops. About 2 and a half years ago, I blogged about a mysterious financial product that as it turns out, is actually savings and share subscription at one of the co-ops. Based on the last financial report, annual dividend is at 3% and there is a 30% buffer, making it a rather “safe” investment vehicle...

Read More

Crypto Securities coming faster than you think

Note: I drafted this post on 7 June 2018, not sure why I didn’t post it. ——————————————- Remember my post just a while ago talking about crypto securities? The wheels are in motion by both Coinbase and Nexo. So institutional custody solutions are coming, and now crypto securities are up next. (As a side note, I want to reaffirm my stance – AGAIN – that people who classify crypto securities as a “negative” might be missing some brain cells. There have been several notable cases of projects stripping and removing every ounce of valuable feature from their tokens, making...

Read More

17 Jul 2018 Update

Crypto markets suddenly turned bullish on a dime. Coinbase greenlighted for securities. Blackrock rumours. Billionaire Steven Cohen gettting into crypto. CIA positive? South Africa’s financial firms adding crypto India to regulate instead of ban crypto Eve Bloomberg is bullish To be honest, I’m meh about it. I’ve mentally hardwired as a contrarian psychopath, so I don’t really care. To be honest, slightly bummed out that it didn’t hit levels for me to raid my warchest (that I’ve been topping up slowly) and to add another leveraged long position, but oh well. The gain in my portfolio is nice, can’t...

Read More

Crypto "Passive Income" – Staking, Masternodes, Dividends

“Passive income”, “income investing”, “yield investing” are the fashionable investing trend buzzwords of our time. If you thought that only traditional investors can be blinded by yield and end up completely overlooking fundamentals and only focusing on the yield number, you would be wrong. This sort of irrational thinking exists and runs rampant in the crypto space as well. The easiest example to give is the notion of Staking and Masternodes (MNs). What the similarities and differences? They are actually extremely similar. In both cases, you “lock up” your crypto and in return you get back a return. It’s...

Read More

Crypto-incrementalism vs Crypto-anarchy

What is crypto-incrementalism and crypto-anarchy? This article is a fantastic read on that. I would like to clarify that I realize that I quite identify myself following crypto-anarchy, and that quite affects the way that I think, the topics that I write and how I approach them. I actually think that a lot of people would be quite pleased and agreeable to crypto-incrementalism, especially the “we like blockchain, but not Bitcoin” crowd. Heh. When I first learnt about crypto back in 2013, it was almost exclusively about crypto-anarchy – decentralized, uncensorable crypto that cannot comply to authoritarian requests. Bitcoin. As...

Read More

Inconvenient Insurance Pills to Swallow

1) No one in Singapore needs whole life insurance 2) Most insurance agents will immediately pitch you a whole-life insurance or an ILP (which you should not take). You should not continue dealing with them. 3) Most agents have extremely poor knowledge in financial planning and investing. Some don’t even know the inflation rate and gives you bullshit numbers. 4) If you are lazy to settle your own insurance, you will pay an arm and leg for an agent to recommend an expensive product for you. Nothing wrong with that, if you’re lazy. 5) If you are lazy to...

Read More

BEST Article on Stablecoins so far

This article is really, really good. It’s no secret, I am a big fan of stablecoins. I was really heavy into DGD, but I took disgusting profits from it’s rise later on. Enough profits that my remaining position is free and I pocketed profits just from what I sold. I have used Maker to leverage, it was a terrible experience. Since then I’ve become rather bullish on a particular stablecoin project, which is Havven. I’m still a fan of DGD for its goal, though as an investment, it’s thesis is getting weaker and it is struggling to gain traction...

Read More

COE drop like grapes

ST wrote an article with some reasons. Fact is, a few years ago when COE was at $92,000, there was a clear “bubble” in car prices. In fact, I dare to say that prices have come down that it can almost be considered economically viable for some people to consider upgrading their transportation method. Some time ago, I wrote about the transportation situation in Singapore. I think that with more MRT stations popping up, along with so many transportation alternatives, so many last-mile solutions, people are realizing that the NEED for a car, is actually a very, very, expensive...

Read More

GMGH take on Utility Tokens

Here is the reference article, please read it. Here is the main classification table, I will reference it. Store of Value Only a HANDFUL will exist. Scarcity (stock to flow), decentralization and willingness of other people to accept them as stores of value are key factors to determine success. Upside potential is high, but can you figure out which crypto fall into this category? Stablecoins Has no upside, with 100% downside risk. Not for investment purposes, but excellent as a medium of commercial transfer and short term wealth transfer. Payment Tokens Shit. Governance Tokens Shit, unless you get paid...

Read More

$20,000 Crypto "Passive Income"

Right now, price of ETH is $450 USD. After Casper + Sharding, 32 ETH is required to be a validator. (this link is a great read, btw) USDSGD rate is about 1.36. Do the math and you get $19,584, which will be enough to get the crypto capital required to run a validator. Buy a NUC for about $400-500 and you’ve got yourself enough hardware to host the node. (examples of NUCs: eg1, eg2, eg3) So there you go, for about $20,000 SGD, you’ll have the essentials to run an ETH validator once Casper and Sharding is out. All...

Read More

Crypto Case Study: Bamboo (Acorns, for Crypto)

If we want to talk about the crypto version of Acorns, we first need to know, what is Acorns? That’s Acorns. It’s a very, very, very interesting way and tool to help people save small amounts of money without thinking about it, and also a way to invest recurring and even lump sum amounts. The premise of Acorns is that brain-dead easy. I’ve talked about Acorns wayyyyyyyy back on my blog in 2014, so I’m actually a very big fan of this model. I think it’s a really good and painless way to help people save and invest. So,...

Read More

Like us on Facebook

Follow us on Twitter