Author: Got Money, Got Honey!

GMGH Crypto Portfolio Apr 2018

At the start of the year, I posted my portfolio for 2018. However, the crypto market is extremely dynamic and fast-moving. Information gets outdated so quickly, and so does thesis regarding investments. I’m just penning my thoughts down to justify (to myself!) why I have made certain adjustments to my portfolio. 1. DigixDAO (DGD) Reduced DigixDAO has been a beast and I’ve profited MASSIVELY from it. Lucky me it was my biggest position too. However, I felt that it was time for me to take some profits and rebalance my portfolio because my portfolio was becoming DGD + supporting...

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The Crypto Path to Tens of Trillions

I adapted the title from this extremely illuminating article by Kyle Samuni. I actually hesitated about sharing these scared texts. The less people in the markets know, the easier it is for me to profit at their ignorance. But good ol’ GMGH got your back (and already has taken up positions in whatever he wanted). Here’s me dropping some free knowledge bombs to blow your mind. To my faithful readers with their own functioning brain, I hope you enjoy this brain digest. First up is this is an EXCELLENT post by Tony Sheng. Very brief, but very good. Credits: Tony...

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Crypto is Back?!

HEELLOWWW IM BACK Actual real life picture (okay, not really) of crypto shorts getting smashed by bulls. Source: bmashina Sup my fellow degens. Crypto is back, simply because it’s above my average buy in price during the recent market crash, lol. Why is that significant? Because obviously, if crypto is below your entry price, it is a scam. Everyone knows that. /s Buying at $740 down to $686? STUPID. Buying at $645? IDIOTIC. Buying at $540 down to $466? DUMB. Buying at $398? MORON. Buying at $378 and leveraged long at $377? REKT. My average price of all my...

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The Only Game I Play Now

The only game I play now is crypto. The score is how well I do. I used to play a lot of games. Heck, I think I was a top tier player for some of the games that I played. I like playing FPS, since it requires way less thinking. I have dabbled is some RTS, but I am terrible, my brain processing is too slow to play on a pro level. I was playing some mobile RPGs too, but after the initial phase, I find them so pointless and meaningless. Actually, that’s the whole problem with playing games....

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World’s 14th most popular site now accepts cryptocurrency

Boasting monthly pageviews of 3,608,000,000 views per month, this is a massive website. Ranked 7th in the USA and 14th globally based on SimilarWeb (Alexa puts it at 16 and 34 respectively), this website is only trailing behind mega global heavweights like: Google, Facebook, Youtube, Baidu, Yahoo, Twitter, Wikipedia, VK and Instagram. It is actually ahead of websites like Yandex, Live.com, Amazon, QQ, Taobao, Reddit, Ebay, Netflix and Naver. I think you might know it. It...

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What the IMF Head thinks about Crypto

Even the IMF Head understands that there are good stuff about crypto. Summarized: 1) Fast and inexpensive financial transactions 2) Self-executing and self-enforcing smart contracts eliminates the need for some intermediaries 3) Secure storage of information (ability to give permissioned access to confidential data) 4) Increases asset ownership rights in places with subpar record keeping Admittedly, she did come out with another post a month ago about the negatives of crypto, it is clearly obvious that the IMF have been studying virtual currencies quite intensely. One important point that I find her post missing, almost on purpose, is regarding...

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Does IMDA think that crypto is a scam?

MFW people say crypto is a scam. IMDA would like to disagree with you and offer hundreds of thousands of dollars for winning blockchain ideas. Here’s the PDF factsheet which is more detailed. Got a good idea? Toss it to them and make it to get $50k or $100k. Here I am spreading the good word about crypto and people look at me like I’m the crazy one. Did you know that MAS has a github repo for the RTGS Phase 2 software prototypes? I personally find it amusing how the MAS Managing Director spoke about Gresham’s Law during...

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Sold some DGD

Just btw fyi. Sold some DGD a while ago. Yes, my previously most bullish position that I have shit tons of. +225.93% profit in ETH. Lowest lot sold was 202% profit, highest was 336% profit. Why am I highlighting this? In Jan I said that : “To be completely frank, I have almost no ETH. I spent it all buying DGDs at ridiculously cheap prices. Stupid move? We shall see about that soon. After DGD finally makes it move and it is no longer cheap, I will continue stacking ETH.” This is me doing just that. I’m not abandoning DGD....

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Guide: How to Self Leverage with MakerDAO’s Dai

Background Context: I wrote this post and drafted it out a while ago, didn’t have time to proof read it until now. Not sure if anyone is still interested, but here you go anyway. As mentioned in the last post, I went leveraged long on ETH at $377, and this is how I did it trustlessly. I’d say that I’m not an expert and I opened up my first leverage position today. The beauty of the Maker system is that you can decide how much to leverage and when. Anyway, it was a rather confusing and complicated process, but...

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When Lambo?

yo if the market is getting to you and you’re thinking of quitting, you absolutely should, you fucking pussy. — cachemoney (@CacheBoi) February 21, 2018 I’ll be really busy the next week or 2, basically a forced hodl for me. But I’ve some drafts near completion that I can post if I have the time to finish cleaning them up. Seriously though, a lambo in SG? I rather take half of its value in cold hard cash. 10% discount if you can pay by crypto. Extra 5% discount if it’s Monero. Btw, I opened (yet another) long position at...

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Stay Solvent in these Irrational Markets

Efficient markets? Bullshit. We all know that the traditional markets are shit at pricing stuff. The crypto markets are even worse, with more people at the extremes. Extremely intelligent people pushing the frontiers of this technology, and extremely stupid people hoping to get rich without understanding anything. The latter outnumbers the former 9 to 1. Anyway, the point is that the crypto markets are extremely inefficient at pricing things. I always use DGD as my example, because it was one of the few things that I was EXTREMELY sure that the market was pricing incorrectly. During this particular “wtf...

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I lost 40% this Crypto Crash

Portfolio is so rekt right now guys. These days, I cry myself to sleep every night. I was stupidly buying the dip. From $740 to $686, I kept buying it as it went lower and lower. Started dipping into my warchest finally and was buying from $645 and lower as prices tanked. I managed to sink in 2 well placed shots at $466 and $487 at the spike down. Not sure if its good enough. Now I’ve accumulated plenty of positions in the $512 to $540 range. I don’t know what came over me to make me buy the...

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Earned $1900 Clicking Here and There

How? Arbitrage. “F*** off GMGH, arbitrage doesn’t exist in this day and age!” Oh ho ho, but yes, it does. I sold crypto on one exchange which had people willing to buy at a higher price. I bought back the crypto immediately at another market by people there willing to sell at a lower price. I end up with more crypto than I started out with. That difference is worth $1,900 if I cash it out now. The crypto markets are so extremely inefficient in so many ways. There are sooooooooo many opportunities, it’s just a question if the...

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Too Early for Crypto Shitposting?

Markets are still down, but this is the next big dip that I was waiting for (see end of post). Looking good to post a bottom. Anyway, time will tell. 2010: It’s too difficult. 2014: It’s too risky. 2018: It’s too expensive. 2022: It’s too late.#bitcoin — Armin van Bitcoin ⚡ (@ArminVanBitcoin) March 20, 2018 It ain’t never too late to be a degen and get rekt lads. If you still don’t see value in uncensorable, unstoppable, unseizable money, don’t beat yourself up in the future about missing the boat. Nothing would have convinced you anyway...

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Noble Noobs get rekt REEEEEEEEEEEEEEEEEEE

“All I see is a bad company becoming even cheaper and cheaper. I don’t see anything currently that can give it’s share price support and form a price floor. What’s stopping it from going to zero? Maybe it can turnaround in the future, but buying things that aren’t obvious is gambling in my view, which is why I cannot wrap my brain around growth investing. I’m going to stick my neck out here and call Noble a value trap. Maybe it is, maybe it isn’t. I don’t have to be invested in it to have front row seats to watch how...

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