Author: Got Money, Got Honey!

The State of the Crypto Markets Jun 18

Oh, how far we have fallen from the sun. BTC is sitting at ~$6.2k and ETH at ~$450. On the bright side, my leveraged long position at $377 is still in profits and I’m overall still in profits. well not super sick profits like before, but c’est la vie So this bear market has been pretty brutal, especially to all the new guys and to all the “ICO flippers”. There’s a reason why I’m mega selective on my ICO positions. I try to play defensive instead of offensive. Crypto is so naturally high risk anyway that just playing defensive...

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Preparing myself for the Japanese Discount

It’s strange, but I quite enjoy reading the stuff put out by the research guys by Stansberry Churchouse. Their recent article is about the precarious demographics that Japan is facing. Perhaps the reason why I enjoy a lot of their articles is because we tend to approach the some topic, but I get to see someone else’s perspective. こんにちは~! I have talked about Japan’s structural demographic issues and their policies to address it before, in Sep 2015 and Dec 2014. Fast forward to 2018 and what do we have? BOJ still printing money to push up asset prices, and...

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Blinded by Yield

I think in Singapore, one of the most popular investing styles is income investing, mostly through dividend paying stocks and REITs, supplemented with retail bonds. To be honest, it is a strategy that I myself is quite fond of. Kyith wrote an excellent piece about HY dividend stocks and some ways to think about them. I think it’s a great read, especially for people whose analysis consists of only looking at the headline dividend yield number. Business profits could drop. Dividend payouts could drop. Demand for higher yield could increase, price would drop. Some people might think that fixed...

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PSA: Argentina will NEVER repay their century bond

Source: Wolfstreet Wolf Ritcher wrote a nice piece on this. Will just copy my favourite bits here. (For reference, the bonds were sold at 90 cents on the dollar) So don’t cry for Argentina’s investors that inexplicably bought $2.75 billion of 100-year bonds with a 7.125% coupon in June last year, at the peak of the cheap dollar-debt benightedness.  Everyone knew that Argentina would default on these bonds before they’d mature, as it has defaulted repeatedly on its foreign-currency debts, and that it was only a question of when it would default and how many times.  But the lure...

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Quick Updates

Crypto markets are dropping and I’m busy wearing my helmet catching falling knives. Lots of interesting progress are being made on the tech front. Lots of trash also raising obscene amounts of money. I’m rather busy doing a few personal crypto projects. Things ought to be quiet on my front for a bit while I busy myself making money. I shall report back triumphantly about my endeavours as I’m done with each of them. One week on and I’m already at 1% of my $50,000 goal. Steady as she goes. $500 in a week from clicking here and there,...

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Things You Could Never Imagine

  what the hell is going on pic.twitter.com/4CB7RVpzFV — Jill Carlson (@_jillruth) June 12, 2018 “I’m watching Donald Trump, the current President of the United States meeting with North Korean leader Kim Jung Un for a peace treaty in Singapore, on CNN with commentary from Dennis Rodman wearing a marijuana ICO cryptocurrency t-shirt.” Never thought that this is real life eh? Well, it is, lol...

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Random Sunday Crypto Musings

Ethereum is deliberating about lowering Casper staking from 1500 ETH (~$1.2 million SGD) to just 32 ETH in Casper + Sharding (~$25,000). Owning a sharding validator might be like owning an apartment building in NYC. I’m psyched to run an ETH sharding validator and have passive income while helping to protect and secure the blockchain that I am using. Apparently though, there are concerns about centralization because it means that non-validating nodes are unable to reject blocks. I see where he is coming from, but I disagree. Right now I run 0 Ethereum nodes. If Casper + Sharding requires...

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Police Can Legally Steal Your Money (in the US)

  “A 64-year-old Cleveland man is suing U.S. Customs and Border Protection after agents strip-searched him at an airport in October and took more than $58,000 in cash from him without charging him with any crime, according to a federal lawsuit filed this week in Ohio. Customs agents seized the money through a process known as civil asset forfeiture, a law enforcement technique that allows authorities to take cash and property from people who are never convicted or even charged with a crime. The practice is widespread at the federal level. In 2017, federal authorities seized more than $2 billion in assets from people, a...

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Bitmex CEO Podcast

This is Arthur Hayes, I’m a business man not a priest, CEO of BitMEX. — Arthur Hayes (@CryptoHayes) April 11, 2018 Did you see my ride today at #Consensus2018 ? pic.twitter.com/qGznsNMgWo — Arthur Hayes (@CryptoHayes) May 14, 2018 Really really good podcast by the CEO of the biggest Bitcoin exchange by volume who was previously a banker in Hong Kong. Yes, Bitmex. The exchange that allows you to go X100 on a position, to unleash your true degen form. This is a podcast where I found myself nodding in agreement regarding how simple trading strategies that have been completely...

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Those Damn Digital Tulips

“Initial coin offerings (ICOs), sales of cryptocurrency tokens to the general public, have recently been used as a source of crowdfunding for startups in the technology and blockchain industries.  Even after imputing returns of -100% to ICOs that don’t list their tokens within 60 days and adjusting for the returns of the asset class, the representative ICO investor earns...

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Interesting IMF Homepage

Do you see something? Here’s the link for yourself. Link 1 for the homepage, and Link 2 for the landing page for their Publications section where it is the lead article for June 2018. I wonder what this all means. Legitimacy for this rat poison digital nonsense?...

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How To Lose 99% in Cryptos in 3 months

Step 1 Don’t read articles by this egotistical blogger like this one warning about shitty ICOs. Step 2 Choose a project based on amount of bonus tokens.Only the best of the best projects give bonus tokens.More bonus, more betterer, right? The betterest, I believe. Step 3 Make sure that the CEO of this tech company and blockchain project actually doesn’t understand technology by ensuring his last LinkedIn activity was 4 years ago and his last twitter activity was 3 months ago. Step 4 Confirm that the project is– targeting a very niche segment of users– who will not pay...

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Why Crypto-Securities will be YUUUGGEEE

Why? This whole damn post, that’s why. You can either go, “Meh, stupid blog post with a link to another article. I’m not going to read it.” Or you can click it, read it, and then later go, “Oh shit, HOW DO I INVEST IN THIS?”. Sometimes I don’t know what it would take to get people convinced that this whole cypto hocus pocus tulip nonsense thing is here to stay. A lot of people don’t realize that we are STILL in extremely early stages of crypto technology. What can crypto be used for, today, right now? Speculating, pretty...

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Havven, my newest favourite project

Aites guys, here it is, my declaration of love. Havven is currently the project that I am most excited about in the crypto space right now. There are A LOT A LOT A LOTTTTT of critics of stablecoins, but meh. I’ve read their opinions and views. I don’t agree with most of them. So here I am, swimming against the tide again. As usual. So what is Havven? Crypto Lark, one of my favourite, no bullshit YouTuber, talks to Havven’s founder, Kain in this interview below. If you remember one of my previous articles about the crypto path to...

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