Author: Got Money, Got Honey!

China’s Ministry of Bagholding Publishes Offical Shill List

China’s Ministry of Industry and Information Technology. It sounds fake, ikr, lol. But whatever, that’s the news I came across. I’m just sharing it. My Chinese sucks, so you guys can go check the original sources for yourselves. (Source 1, 2, 3) I mean, it’s published out on the SCMP, so it seems legit, haha. This is probably the best 3rd party summary of the news though. 4/ Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge — cnLedger [Not giving away ETH] (@cnLedger) May 17, 2018 Long story short?...

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Laura Shin x Mike Novogratz Podcast

Great podcast for anyone interested in crypto. Mike Novo gives a pretty toned down and less extreme view on the future of crypto and how things can play out with relation to the status quo now. IMO, the best stablecoin has already been conceptualized and will be going live in about 3 weeks. I might be wrong, but I don’t think any fiat-collateralized stablecoin could ever work, without a government guarantee over that coin. Anyway, I’m just glad to be in before the full institutional and main street money FOMO pumps everything crazily...

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Embracing Blockchain or Crypto? Confused?

Yesterday’s post didn’t give you a hard-on? (You ought to read that first). Maybe today’s will. “J’etais néophyte il y a un an, mais à present, je me suis pris de passion. Mais cela m’a pris un an. Faisons preuve de bcp de pédagogie avec nos concitoyens pour faire de la France la première place d’innovation Blockchain/cryptos en UE” @BrunoLeMaire ce matin. Il se passe qch! — Alex Stachtchenko (@StachAlex) May 15, 2018 WTF am I looking at again GMGH? You’re looking at the French Finance Minister admit that he was skeptical about crypto a year about, but after understanding...

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Welcome, Institutional Bagholders

GMGH, wtf am I looking at? You’re looking at the official statement by Nomura Bank in Japan to have a crypto custody solution for institutional investors. Which comes after Coinbase announcing their own suite of institutional products. Which comes after the NYSE planning to allow institutional investors to buy and hold bitcoin. Which comes after Goldman Sachs announcing they are going to open a Bitcoin trading desk. Facking tulips ponzi virus is getting spread all over the world. THESE GOVERNMENTS AND BANKS AND COMPANIES AND INSTITUTIONAL INVESTORS NEED TO KNOW ASAP THAT CRYPTOCURRENCY IS WORTHLESS RAT POISON TURDS. Some...

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Special Offer! Get divorced to get another HDB! Wait, What?!

I saw this article, and I was pretty amazed. A couple divorced so that they could get another HDB and rent out their existing one. Heh. The loopholes in our system are so big and open to exploit if you don’t mind to play the system. Let me help you weigh the pros and cons since we are both intelligent creatures of reason: Cons: – No longer married on paper, boo hoo hoo oh how tragic and sad Pros: – You can get another HDB so you can rent out your previous one Sure, there’s like spousal rights and...

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Follow Up on Argentina’s 100 Year Bonds

Remember when Argentina sold $2.75b of 100 year bonds? I do. Because I wrote about how stupid of an investment that would be. If we aren’t at the cusp of madness yet, I am more than willing to be entertained to see what will top this insanity.You don’t need to trust me to know that this is not going to end well. – GMGH, Jun 17   Source: Bloomberg Yes, let’s lend money to this incompetent government for a hundred years that has defaulted MULTIPLE times in the last hundred years. SURELY they will not default this time, again,...

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I might have figured out why Buffet hates Bitcoin

Title: The Banks = The Rats Medium: Rat poison and acrylic on foam core Location: Berkshire Hathaway NYC office#cryptoart #bitcoinart pic.twitter.com/ZyMOG4HedY — cryptograffiti (@cryptograffiti) May 13, 2018 If you follow the QR code by this brilliant artist, it does NOT lead you to a donation address. It leads you to this image: Which shows you that BRK is owning $66.3 billion worth of bank stocks. I wonder why Buffet hates Bitcoin? Damn, I just can’t figure out. The reason just escapes me. For someone like me with subpar IQ and a degen mindset, it’s probably beyond me the genius...

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Buffet, Munger and Gates all Hate Bitcoin

Buffet on Bitcoin, “probably rat poison squared.” Munger on Bitcoin, “Disgusting” “Stupid” “Immoral” “Turds”. Gates on Bitcoin, “Pure greater fool theory type of investment” and “would short it”. Warren worshipers, now is the best time to show them how much you trust them and have learnt from them. Do what your subconscious Buffet ball-holding inner self is telling you to do. Short Bitcoin. Yes, you can actually short Bitcoin using the CBOE futures contract, if you were not aware that legitimate financial products for Bitcoin now exisits. And this is on top of all the CFDs available. Put your...

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Massive Positively Skewed Cryto Risk-Rewards

Recently listed #ICO‘s have been performing well. Go to our WhiteList page and never miss the next gem! https://t.co/YUBuUT7eoN pic.twitter.com/Y2SFY8zpmP — ICO Drops (@ICODrops) May 2, 2018 I’m not saying to do crypto, I’m just pointing out something that seems rather obvious to me. In all investments, unless there is some magical explicit guarantee, the maximum loss is 100%. Generally speaking, the “lower risk” an investment has, the “lower returns” it would give. Ie. a bond that will be redeemed at 100 face value won’t trade too low below this number, but returns won’t be high either. Well, assuming...

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Japan Loves their ETFs

The Bank of Japan, as of last October, owned 74% of the total volume of the ETFs trading on the Nikkei. Now that number is up to 80% Printing money to buy assets = monetary fraud… pic.twitter.com/U2I1FQOMxx — Gold Telegraph (@GoldTelegraph_) April 28, 2018 What happens with the BOJ owns 99% of all ETFs? Ah, who cares? All governments should be printing more money to buy up all financial assets! Surely this makes a lot of sense somehow! 1000000000% stock returns for everybody! I can’t believe no one else has thought of this. People are so stupid. I’m a...

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Crypto Portfolio Apr 2018 Report Card

From 1st Apr to 31th Apr, my crypto portfolio went up 48.8%. To be honest, +48% in Apr is rather weak. Most other players in the space would’ve probably seen much larger gains during this same period. But then again, I did outperform during the crash, so it makes sense for my portfolio to bounce back less during the recovery. And yes, throughout this massive crash, not even for a second did my portfolio go close to touching my capital value. For most part of it, I was comfortably coasting in the triple digit % profits. However, on the...

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What I Hate About Crypto

Don’t you just hate it when crypto just keeps going up and up and up and you can’t get a good entry for a new position? And you just have to end up hodling your fiat? Yeah, me too. It’s...

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Tech isn’t always a good investment

Aites, this is me, back in Nov 17: The stock market is a ridiculous shit show for the last few years that I had been forced to play with. I hated playing it, but there was no other game in town…. that I knew of.  Insane valuations for so many stupid companies. SNAP FREAKING CHAT? TWITTER? GO “CAMERA ON A STIK” PRO? I can’t even. It’s an insult to my intelligence. The whole US stock market is an entire joke.  – GMGH Nov 17  How’s things going now? To be fair, Twitter is chugging along fine. I’ve always hated...

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Sucky Job = Sucky Life?

I was reading this article by Minimalist in the City about FI, and towards the end of the article there was the Jobstreet link citing that almost 1 in 2 Singaporeans are unhappy at work. Right below that paragraph, is this picture and quote which I find rather confusing. Part 1 of the quote: “I never knew anybody who was unhappy with their job and was happy with their life. It’s your sense of purpose.” I find this part of the quote false. While SOME people equate their life to their jobs, which is also their passion and career,...

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Invest in a Crypto Exchange or a Bank?

Deutsche Bank: Branches . – 2434Employees . – 98720Years in Business – 148USD Quarter Profit – $146m @binance Branches – 0Employees . – 300Years in Business . – 1USD Quarter Profit – $ 200m — Ran NeuNer (@cryptomanran) April 27, 2018 Weird. I could’ve sworn some people told me that crypto is a tulip ponzi bubble...

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