Author: Got Money, Got Honey!

Woops still busy

Been busy busy busy these days. I know some people might be disappointed that I’ve been putting off posting on my blog for a while, but ever since I started using Twitter, I’ve been having less motivation to post on the blog simply because of how easy it is to tweet as opposed to blogging. At least with Twitter I can fire off a random thought and just be done with it. Blogging requires a lot more time and effort, and unfortunately I’m very short on time as a resource. How do people complain that their life is boring...

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Hey Guys

Welcome to the bear market! Crypto is down between 70-90% from all time highs. I just checked, I’m still only single digit % down. Not too bad. I’m sure stocks aren’t going to tank that badly, so you can get through it! Also, I promise I’ll start posting more in November. I’m not (completely) rekt, I’m just...

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The Useless-ness of Utility Tokens

Interesting new position and legal stance from the Iconomi team. TLDR –ICN has always been uselessICN 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...

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The Useless-ness of Utility Tokens

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...

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Austrian Gov to issue $1.3b of bonds on ETH public blockchain

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...

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Austrian Gov to issue $1.3b of bonds on ETH public blockchain

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 1Source 2German 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...

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The Australian Property Bubble

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...

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The Australian Property Bubble

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...

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Value Investing Case Study: Does it apply to Crypto?

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...

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Value Investing Case Study: Does it apply to Crypto?

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...

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Last month my savings account interest was 2.48% pa

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...

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Last month my savings account interest was 2.48% pa

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...

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Guys Im finally losing money in Crypto

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...

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Guys Im finally losing money in Crypto

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...

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Wew Crypto Reeeeeeeee

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...

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