Author: Got Money, Got Honey!

Crypto Aint Fer The Scared

Credits: @barneytheboi The crypto markets is a bloody mess right now. From ATHs: BTC -63% ETH -48% XRP -81% (lol) TRX -89% (lol) XVG -85% (lol) How is GMGH doing? Not too bad, still over 150% in profit, lol. What is the market like now? What am I doing now? Worst case scenario? Best case scenario? See you at the front...

Read More

Thoughts on Tether

Everyone in crypto is doing this, so I’d share my updated view again. I did write about Tether months ago when it was “only” at $600M. We’ve come so far. All the reputable crypto youtubers which I watch absolutely do not use Tethers at all. I have not, and will never, use Tethers. I have my own theory regarding Tether (USDT exchanges are fractional banking and are hedging out their positions by buying USDT during downturns), but honestly, it doesn’t really matter. As a consumer you should just know that: (1) there has never been an audit by a...

Read More

Hyflux Hangover

Whoa, wtf? A non-crypto post from GMGH? Ahaha, yes. Hyflux and their perpetual bonds and preference shares have always piqued my interest. It just so happened that I came across this ST article on the Hyflux preference shares which I remember talking about in 2016 a while after they issued their perpetual bonds. Back in Oct 2016, I talked about Hyflux and their recently launched 6% perpetual bonds. Brief summary: Hyflux perp bonds tanked from 100 par to 96 pretty much immediately. The better buy would be to get their preference shares which were trading at 94.6. Fast forward...

Read More

How’d you like that Merry Cryptmas Present?

Remember my 25th December post? For full disclosure, I hold a shit ton of it (DGD). Like, a lot. A lot. Alot. My biggest holding, more than BTC, more than ETH. I explained my DGD thesis in my Crypto Portfolio for 2018 post. I made fun of people who kept telling me that DGD is too expensive to buy at $180. I also talked about a “truer” digital gold in early Nov as well. So boom, $320 USD or 100% gains in 39 days. And this is during a period where the rest of the market is tanking 40-80%....

Read More

Losing Money by Making Less Money?

As mentioned before, one of the things that EVERYONE experiences when they come into crypto is the ever looming shadow of REGRET. Sometimes it seems that no matter what you do, you’ll end up regretting. There is only one optimal solution, and there’s infinite number of ways to do things sub-optimally and feel that regret. Recently, I’ve been selling a small cap coin that I had bought several months ago. For illustration purposes, I’d be simplifying some numbers, but the percentages are about there. I bought into a small cap with 5 ETH a few months ago. Today, when...

Read More

Revisiting that Crypto Dip 1 Week Later

Remember last week? Refresher – I bought into these at these prices: AION @ $4.51 ETH @ $952 SNM @ $0.301 Price right now, just over a week later? AION – $5.15 ETH – $1165 SNM – $0.348 My 1 week profit if I sell it all now? AION – 14.2% ETH – 22.4% SNM – 15.6% My personal takeaway from this real-life exercise with real money? Scared money don’t make money. In my opinion, these are all long term positions and I’m happy buying them extremely cheap. I can sell now and realize ridiculous profits in just a week, but I’m going to keep on...

Read More

The Most Dumbed Down Explanation of Bitcoin I could Find

It’s simple. It’s broken up into 4 sections so you can take a break if you can’t focus for more than 1 minute at a time. It’s has an elaboration panel in case you want to find out more, though the basic is all that is necessary. If you don’t understand how Bitcoins work and why they can be / are superior to fiat currencies after this, then you really cannot be saved. So I present to you: the most fantastic dumbed down explanation of Bitcoin ever. Bitcoin as money is just revolutionary. While many people like to focus on the...

Read More

Public Service Announcement: Cryptos are Dangerous AF

All right guys, for this post we’ll take a break from my usual 200% daily dosage of concentrated sarcasm that I normally inject into my posts and talk about something really serious: Losing money in crypto. Everyone loves talking about how much money they made, so there is a bias of the kind of content that you are exposed to. I’m sure you have not seen the dark side of crypto. Brother kills himself over Bitcoin Trader loses 200 BTCs (~$3 million SGD) in a month Confido ICO Exit Scams with $375,000 USD and more from dumping the tokens...

Read More

Revisiting the EZ Crypto Portfolio 1 Quarter later

On 20 Oct 2017, I wrote a post about an “EZ” crypto portfolio. In it, I outlined 4 portfolios that would be theoretically invested with $10,000 SGD. Portfolio 1: S&P500 ETF $SPY Portfolio 2: STI ETF $ES3 Portfolio 3: 50% Bitcoin, 50% Ethereum Portfolio 4: 25% Bitcoin, 75% Ethereum Remember, it was a $10,000 SGD initial investment with no frictional costs. How much are they worth on 20 Jan 2017, one quarter later? Adding in dividends, if any were paid, and using the current spot rate of about 1.305 USD/SGD against the historical price, let’s see. Absolute value: Portfolio...

Read More

We are definitely in a bubble

A stock bubble, HAHA. Is it too late to invest? :( $DJI pic.twitter.com/rBHYQlMCHJ — Beastlorion (@Beastlyorion) January 24, 2018 Weekly RSI for S&P 500 is now approaching 90. $SPY Stats guys pointing to positive momentum, saying it should produce more positive momentum. However, we haven’t seen momentum, sentiment, valuations & number of up years in the row this strong since 1929. #AssetManagement pic.twitter.com/tPAhOFsQD8 — Tiho Brkan (@TihoBrkan) January 23, 2018 Just wondering — how many of these years had P/B above 3.5, P/S above 2.3, weekly RSI above 80, sentiment surveys breaking bullish records & were on a streak...

Read More

Gotta Love Me Some Crypto Dip

Seriously guys, look at me buy the dip. I know that you don’t want to, because crypto is super expensive and it’s all going to crash to zero later anyway once the governments start regulating and outlawing it, right? /s Maybe I’m crazy and crypto really is “crashing”? Lol, probably not tho. Can it drop more? Yeah maybe, why not? I will probably be buying more if it does. Anyway, here’s my knife catching today: And yes, 22 UTC is Singapore 6am. I wonder what happened the other time right after the dip. Oh, I remember now. In that...

Read More

You were all right, it’s crashing. I’m out.

Source: Of Two Minds I’m out…. of my trading precious metals positions! (exited at a slight profit, still holding onto my physical stacks in my safe) I’m now preparing (keyword) to plow it all into crypto. I only hope the market stays horrible long enough for me to take up my positions in the cryptos that I am planning on scooping up. I decided to be a smug ass bitch and post this while we are “crashing” so all the skeptics will click on my post for that sweet sweet “I told you so” validation, but instead get trolled, AHAHAHA....

Read More

About this recent Crypto Crash and all the Crypto Critics

Source: Stonetoss Hehehe. Advice to readers: understand crypto before even considering buying it. I’ve heard way too many stories of noobs FOMOing into crypto and made a quick buck and thought they were invincible but are now being totally destroyed by the market (as expected btw). I’m sad to hear that some people still think crypto is all gambling and speculation. Then again, seeing how most of the new people seriously approach it like gamblers with their only 2 criteria for crypto selection being Hope and Luck, I can somewhat understand why. But that is also where “experts” have...

Read More

Bitcoin, The Next Shitcoin

This will probably rattle up the BTC maximalists, but whatever. This is just my opinion and I’m just a random guy on the internet. Not happy with my conclusion? Laugh at me when I become poor. I think many regulars readers know, I do not like Bitcoin very much. I own it because I have to, not because I want to. Bitcoin is the brand name that everyone knows and everyone talks about. Bitcoin is the gateway crypto that allows for fiat-crypto exchanges. Bitcoin is the base pair that allows for crypto-crypto exchanges. But that’s about it. Bitcoin is...

Read More

FUD and Shill, Pump and Dump

These days, everything is a FUD or a shill. Talk positively about something? Shill. Talk negatively about something? FUD. The kids (literally) in crypto are too emotionally attached to some of their holdings. So screw it. I decided I can’t save them all from buying into stupid shit. *COUGH RIPPLE COUGH* *COUGH TRONIX COUGH* *COUGH VERGE COUGH* And why should I? Do you know how much money I get from people NOT buying into any of them? Nothing. All I can hope is that they managed to get in early and sell before it (eventually) tanks. Ain’t nobody said...

Read More

Like us on Facebook

Follow us on Twitter