Author: Got Money, Got Honey!

Cashless in Singapore

This CNA article about being cashless in China and this video from the ST should really be a wake up call to Singapore. Cashless in Singapore? Wait until neck long long. Can just crawl to the corner in the hawker centre, roll into a ball and die of starvation. Except for a handful of places offering the very fail DASH payment system (this is the SCB initiative, not to be confused with DASH, the $2B cryptocurrency), the new and unadopted LiquidPay and of course NETS FlashPay, I would imagine that 99% of transactions at hawker centres are still done by...

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How to send $165,000,000 USD in 2 minutes for $0.67 USD

Send $100+ MM Fee < $1#bitcoin pic.twitter.com/293q2w3a4X — Alena Vranova (@AlenaSatoshi) August 16, 2017 Bitcoins, that’s how. A friend showed me this link and my jaw just dropped. And of course, you should not just trust, but also verify. Thank god we have the blockchain because that means we don’t have to blindly trust shit on the internet. We can fire up the blockchain and check it and verify it for ourselves. Here is the tx in question that you can look up yourself: 2248452e2122ff2d446565462cac276bbc8420c5874695a9b5c8e3bca8afa2b2 Check 1: Blockchain.info Check 2: Blockexplorer.com Check 3: Blockcypher.com So there you have it....

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Let’s talk Initial Coin Offerings (ICOs)

I’ve actually talked about ICOs before, but I just wanted to come back and touch a bit on this topic. ICO stands for Initial Coin Offerings. In a nutshell, it is a digital Initial Public Offering (IPO). That was actually in the Straits Times, and I think it’s a timely reminder that ICOs are really dangerous and risky. And I’m not just talking about the risks in investing in a early start-up company. There are plenty and plenty of risks. One of the biggest ones is that it turns out to be a scam. Some people found out the...

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First Crypto Cash Out

Slightly over a month ago, I bought a certain crypto (I will not name it). Today, I decided to sell some of it…. at a +446% gain. I won’t give you a dollar figure (obviously), but I can assure you that the profit is in the thousands, NOT in hundreds. Actually, I don’t mind revealing a slight ballpark figure, but I will not elaborate further. The profit from this single trade, which is only a portion of my total tokens in that crypto (<10%), which is in turn only a portion my entire crypto portfolio (<25%), is almost the same...

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Don’t Crybaby To Me About Bitcoins & Cryptos

The market bubble popped a while ago and went from 120b to 60b. Now we’re back above 120b. If you were in ANYTHING at that point of time, your portfolio would’ve been up about 100%. I am currently up over 100%. That statement is not meant to be a brag, but a fact verified by me that such intense gains are not just imaginary, they are possible. (I have to point out that I am expecting another correction again. But hey, the crypto markets are volatile and random af, if you’re getting into this you should already know the...

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GMGH Crypto Blackbox Investing

I know a lot of people are curious about “investing in” cryptocurrencies like “the bitcoins” and whatnot, but this is NOT a post about that. This is instead going to be an introductory post about a group of blackbox investments that I will be doing. Why is it blackbox? What does that mean? It’s a blackbox because: – I will not be proving my investment capital – I will not be naming the actual investments – I will not be proving the returns from those invesments – I could make making up the entire thing and you wouldn’t know...

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GMGH’s Crypto Toolkit v1.0

Dear all, With cryptos becoming more and more popular (I’m seeing even more and more sheep joining the herd, marching towards the slaughterhouse shouting “MOON MOON”), I thought that perhaps it would be of interest to some people to know what tools I use and if maybe they could be of use to you. Since this is v1.0 and there are plenty of old tools being discontinued, and new tools and websites popping up, this might not be the most cutting edge list of tools out there. I have to emphasize that although I use all these tools myself,...

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John McAfee on Security, Privacy, Cryptocurrency and Education

This is an interview by John McAfee. Who is he? He’s the anti-virus guy, yup. He is also the guy that said he would eat his d*ck if bitcoin doesn’t go to $50,000. if not, I will eat my dick on national television. — John McAfee (@officialmcafee) July 17, 2017 Hah, he’s a funny and smart guy. Here’s the interview. GMGH notes: – phones are all spying devices – however, the risk is based on who is doing the spying and what is the spied data used for – the paradigm of security has shifted and the focus on...

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[SGX Portfolio] Viva La Résistance!

Is P/B really too simplistic? I’m struggling to try and structure my defense on something more complicated and sophisticated to make seem like I am a savvy investor, but alas, I am but a simple commoner with a simple commoner brain. P/NAV is 1.17, based on their NAV of 79c and current price of 92.5c. Occupancy is normal. Debt ratio is normal. Actually everything to me feels very normal. They are holding a premium because they have business parks? Meh, someone else can take that risk. I’m fine exiting at these prices. Don’t get me wrong, I don’t think...

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Bitcoin and Blockchain for Babies

Aye, I know it’s not really for babies, but I really wanted a catchy and an alliterated title, haha. As most of you guys know, I am probably one of the handful of financial bloggers in Singapore that talks about and writes about blockchain and cryptos. I had an interesting talk with some university friends the other day. Like I said, I know genius level people operating on a whole different level. Yet my genius friend had issues grappling with cryptocurrencies. I would say this is more of a failing of my explanation and of watered down mainstream media...

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When the Obvious is not really that Obvious

I was just browsing the interwebs lately and I stumbled upon this interesting quote: Talent is hitting a target that no one else can hit. Genius is hitting a target that no one else can see. Now, that got me thinking. I have quite a lot of smart friends. In fact, I feel that compared to some of them, they are operating on a whole different level of intelligence and brain processing speed. Like seriously. I could understand each individual action. I could also understand how the sequence of each action relates to the other actions. However, what I...

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Why do I not invest with robo-advisors

By the way, I was inspired by this post from Finance Smiths. Wow, shocking title, isn’t it? From the same shill that peddled why robos are so awesome? What has changed? Why the sell out? Let me assure you, it has nothing to do with robos themselves per se. I have been watching both Smartly and StashAway come to market (StashAway is doing a way better job at marketing and acquisition imo). I think both of them look great and it is definitely a step-up from the shitty offers that traditional financial institutes offer. And I still stand by my...

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$7,600,000 Crypto Scammed

I was out tonight when I read that the CoinDash ICO got hijacked and scammers managed to switch the real address with their fake address. The result? $7.6m scammed over 3 hours. Well done. Very well done, I must say. Instead of launching scam coins and sham ICOs, I think a lot of scammers and hackers have realized that it is just more profitable to outright scam people. Why come up with a huge elaborate ICO scam idea when simple scams work out so well? Creating fake twitter accounts and slack accounts with admin-sounding names are all free too....

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Weekend Crypto Bloodbath Aftermath

Bitcoin went down 20% just this weekend. Ethereum went down 35% during the same time too. I hope you managed to bunker down and dodge the massive shit storm in the crypto markets that happened over the weekend.  Well, you really can’t say that I didn’t warn you, right? I mean, I even had a full length blog post with Hyuna bouncing around singing “Bubble Pop”. If that wasn’t enough, frankly, nothing would be.  aiguuu, y u no listen to oppa GMGH~? Bitcoin went down a whooping 40% from its high. Ethereum, the new kid on the block, went...

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Things you REALLY need to know before buying Cryptocurrencies

This post is inspired by the IG-sponsored post on D&S. 1. You own the underlying asset when you trade When you buy cryptocurrencies, once the coins are in a wallet which you have the private key to, you are the owner of the coins. 2. There is no counterparty Unless you are leaving your coins within a centralized exchange to make trades, all the coins that you can access with your private key are yours and you don’t have any counterparty. You directly interact with the blockchain to send your coins, or receive more coins directly to your ownership...

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