Author: Got Money, Got Honey!

Brief Crypto Thoughts (March 2018)

Well, well well, what do we have here? Another crash! Totally. Not. Surprised. What if I told you that the crypto markets crashes (more than 20% drops) once a quarter? Guess what. I did. Oh how time flies. At that time, crypto had crashed 38% to $3000+. Wait, wait, wait, wait, wait a minute. It crashed…. to $3000+? With price flirting around the $9000 level, half a year on, you would be up just under 200% if you had bought that dip. (I did, I bought ETH at $245, $246 and $248 during that particular dip) I think the...

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Catching Crypto Knives

What’s the worst that could happen? Get rekt. Crypto is a scam. Go back to crappy traditional investments. On a serious note, I have a shit ton of profits, still. (well, it’s all relative. probably not so much if you’re on the crypto dark side, but triple digit profit % is still mindblowing for the “traditionalists”) If the whole crypto market drops another 40% to the $5000 BTC and $400 ETH levels that the doomdays sayers think that we are heading too, I’d still be in profit. That is why I don’t really have qualms buying the dip. For...

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Crypto Markets Last Night

Binance “Hack” SEC statement Japan regulation BitMex login issues. Also, me last night. And this is my haul from last night’s flash sale. Yea boi. Market orders. Cos I don’t fool around. To all those people that sold to me, here’s one for you. Is this the bottom? Who knows. What will I do if it drops some more? I’ll buy more. Update: 9/3/18 0222 Update: 9/3/18 0950 Classic 3rd drive. If it free-falls, I’m pulling back at the next levels of support. Hehe. Yes, I still have bullets....

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"Blockchain" in Action

Source: @sysmannet Here is a pretty simple example of how blockchain works in a real life case study: In Latvia, a cash register prints out receipts with the usual total and receipt number. AND a hash of previous receipt to generate a hash of the current “block number”. The next receipt then has its own total and receipt number, and takes the just generated hash, and creates a new hash. What this means is that the entire trail of receipts, total amounts and final ending amount can be checked and verified to be true. What this means is that...

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Crypto Prophets

I think too many people are blindly following “crypto” gurus these days. Are they seriously that good? Has anyone ever even backtested their calls? Most of them can’t TA for shit. Maybe its not that they are convincing, but the people following them are easily convinced. By now, you would think that crypto investors would be a lot more selective about who they follow. I know I am. Until recently, Bitconnect “spokesmen” were actually considered influencers. Yeah, seriously wtf. It’s kind of sad. You really have to be careful who are the people you’re following in this space. Some...

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Hyflux? REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Saw this news from ST? Let’s see what’s the Monday miday price is like: Hyflux stock price: $0.265 Hyflux pref stock: $77.70 Hyflux perp bond: $0.600 Since my post 3.5 weeks ago when I was shitting all over Hyflux? Hyflux stock price: -29% Hyflux pref stock: -18% Hyflux perp bond: -20% Since my post almost 2 years ago when I was shitting all over Hyflux back in 2016? Hyflux stock price: -53% Hyflux pref stock: -24% Hyflux perp bond: -40% (I know I didn’t count coupons. I’m lazy and the shittier returns makes me look better) It sure seems...

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46% of 2017 ICOs have already failed, Yours is next

Interesting piece for your reading consumption. I’d say the #1 misconception now by intermediate crypto players is the thinking that you “need to do more ICOs to juice up your returns, especially in a sideways / bear market”. Meh. Won’t say I fully disagree, but I don’t think that is very accurate, or else I would be doing that strategy as well. However, I must say that crypto ICOs are extremely skewed with risk and rewards. For some people, going for obscure ICOs and hunting down low cap cryptos – AFTER FILTERING AND ANALYSIS – can prove to be...

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Litecoin is Shit

I used to hold LTC. I used to believe in LTC, with it’s cheap fees, faster block times and decent community. I even profited massively from LTC. Sick 968% profit. However, that thesis and my expectation of LTC hitting $1,000 is no longer valid. I sold all my LTC when Charlie Lee sold his. Charlie Lee helped me sell the LTC top though, so I’m much richer because of him, thanks Charlie. A crypto founder with no skin in the game? Lol, okay. Bye. What’s the point of LTC again when BTC fees are almost back to $0? With...

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DigixDAO (DGD) Vindication

As many people know, DigixDAO is my FAVOURITE crypto for the longest time. In fact, it was the first crypto that I discovered that got me very excited enough to build a sizeable position. I’ve talked about it during Cryptmas ($150 USD, 0.23 ETH) and also during my 2018 portfolio where I outlined the simplified thesis of DGD. ($200 USD, 0.16 ETH) Well, currently we are at $300 USD and 0.38 ETH. While DGD is fresh on the radar now for being a safe haven during crypto dips (and you can find a lot of recent reviews and explanation of this...

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Join My Crypto Telegram Signal / Pump Group!

Haha, I kid. I don’t have a telegram signal group or a pump group. I don’t belong in any of those kinds of groups either. Anyway, with the recent Suppoman is a piece of shit drama, I finally watched some Doug Polk because he had a video talking about this fiasco, and I have to say, I think Doug Polk is my Crypto spirit animal. Please give this video a watch. I really strongly encourage it. I feel like what Doug Polk does as a YouTuber for crypto mimics a lot of my personal and moral views about what...

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All That Crypto Heat Fizzling Away

  left: Retail investors new to crypto, photographed December 2017 right: The same people, photographed February 2018 pic.twitter.com/Mgf6FvPCwY — LIL CO฿IE (@CryptoCobain) February 12, 2018 Remember when people used to be so hot about crypto? I guess with the market still down from all time highs, a lot of that heat has dissipated away and along with that, lots of newbie money just lost in this sea of red. Strangely, I am not too affected. Reason being is that I came in early enough and heavy enough that the average cost of my positions are still deep in the...

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Fiat Failure Food For Thought

Makes you really wonder, all that money in your bank accounts and investments… what would they be worth in the future? I wonder if there is any sort of money that cannot be arbitrary printed to infinity to inflate away my purchasing power? Hmmmmmmmmmmmmgoldmmmmmmmmmmmmmm Hmmmmmmmmmmmmcryptommmmmmmmmmmmm Nothing comes to mind...

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So Let’s Talk Crypto Storage

The cool thing about cryptocurrency, which is a very rare property in investments, is the lack of counterparty risks in ownership. Admittedly, counterparty risks is one of the most overlooked risks that many people assume. Usually because they have no choice to accept it. But in the crypto world, there is little excuse to assume counterparty risks. Why let a 3rd party hold and own your funds when you can own it yourself? Are you too cheap to pay $1-10 USD to withdraw your crypto from exchanges? Are you too lazy to manage your own private keys? Convenience? Well,...

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Feb 18 Crypto Thoughts

I gotta say, Tama from Stansberry Churchouse writes a pretty good overview and recap on the recent crypto crash. You didn’t see it coming? Well, I did, pretty much exactly what he said in his article. I had significantly slowed down my crypto purchases. Let me show you my historical purchases. Stacks and stacks and stacks of ETH sub 300, then changing gears to alts with good long term potential (XRB, BNB), then haitus for 2 weeks (7th Jan – 22th Jan) watching the market go irrational and parabolic, then catching knives buy buying stuff well off their all...

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Aaaaaaaand it’s gone

My face opening up the warchest and remitting USD to Gemini Rushing to log into Gemini after getting an email notification that my deposit is in Firing up TradingView and Cryptowat.ch to chart in an entry And then frantically looking for the dip. WHERE IS THE DIP? Finally realizing that I didn’t even have to do anything. The crypto market cap had dropped 66% from 832M to 279M. Some crypto were down 60%, others were as bad as 90% down. At the lowest point during this whole period, I was still in profits. This was and is a period of...

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