Author: Got Money, Got Honey!

I deposit 500 ETH ($120,000 SGD) to earn Crypto Interests

I first blogged about Blockfi on Oct 15. I had put in a casual 200 ETH with them with the intention of earning an easy 4.1% a year of interest in ETH. Fast forward to the start of November, I blogged about receiving that interest. A nice and expected 0.67 ETH. One of the reasons why I decided to blog about Blockfi is to force myself to be more organized about segments of my crypto and to also demonstrate to curious people how wildly different the crypto space is from the “traditional” stuff. Well, the interesting news of November...

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Collecting my Crypto Interests (Oct 2019)

It’s the start of the month, and the best part of every month will always be me getting credited interests from my previous month of deposit balance in my crypto interest account!As a refresher of exactly what the hell I am talking about, at the start of October, I deposited in 200 ETH into my BlockFi account, which is ~$50,000 SGD. BlockFi pays out interest according to the table below (they do change the amount and limits so be sure to check here for the latest): So as predicted from a 200 ETH balance earning 4.1% interest, it works...

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China WILL launch its own “digital” yuan aka CRYPTO RMB

For all intensive purposes, any “digital” crypto from this point onwards in the world is probably referring to the crypto version of the fiat currency. And once a country rolls that out, there will no longer be as distinction between crypto fiat and all other forms of the fiat itself. In fact, I dare to say that any non-native forms of the crypto fiat is merely a representation or abstraction of the direct ownership of the crypto fiat (custodial risks). Govs won’t want to say “crypto”, because that sounds scary, so they will just stick with the very neutral...

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“Blockchain” Booming in China. Good for money, Bad for freedom.

Gonna blaze through this post with some facts, then end with some thoughts. China “blockchain” stocks are limit up 10%. this is what’s aired on CCTV2 (the second most national CCP TV channel) on Sunday night China time, representing a very accurate “China narrative” “Blockchain is a revolutionary tech, but it’s application is not trading cryptocurrency, I demand whoever trade crypto stay calm” pic.twitter.com/pBGFqhJJC5 — Dovey 以德服人 Wan 🗝 🦖 (@DoveyWan) October 28, 2019 Even talked about on CCTV2. Blockchain and Bitcoin searches spike in China. Politics aside, I think it is quite clear what Xi has done for...

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Bitcoin up +36% in the last 24 hours

Lol, crypto markets be lit af.My stupid flex post yesterday had SNX +1625% when I used yesterday’s price of $0.773. Well it is now… Damn it. If I had posted that today instead, it would be +1861% instead, and that looks more chad. Anyway, why the pump? People saying it is because Xi Jinping talked positive stuff about “blockchain”. No one really knows though, for this is crypto and it is the wild wild west. If you are feeling like a filthy degenerate and want to waste money on fake rat poison internet ponzi money and devolve into a...

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One of my Crypto Investments is up 1625% since March

Back on 25th March earlier this year, I tweeted that I was buying heavily a low cap altcoin called Synthetix (SNX). just wanna put it on record. remember how i bought a fuck ton of $DGD in mid to late 2017 when prices were depressed and everyone thought it was a failed and dead project? yeah, im stacking $SNX hard right now. — 찌 G じ ⚡️ 🔑 (@DegenSpartan) March 25, 2019It was just a ~$3M USD market cap cryptocurrency back then, making it an extremely risky small cap crypto play. Are there even companies this small on the...

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Come see my public $50,000 Ethereum address

One interesting thing about the blockchain is that all addresses are psuedo-anonymous. Do NOT confuse it with being anonymous. It is not. PSEUDO-anonymous means the whole world can see the address and its balance, they just have no clue who owns that address. For example, an Ethereum address looks something like this: 0x4E60bE84870FE6AE350B563A121042396Abe1eaF It’s kind of useless, but throw that address into a block explorer like Etherscan, and you get something like this: I probably don’t need to do the math for you, but the balances in that account are in USD, and that brings it to be worth...

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Deposit $100, get $10 of BTC

Remember my last post about earning high interests? Well, BlockFi just rolled out a new promotion 3 hours ago. So, fresh off the press. Well, GMGH is here to give away that free promo money. Step 1: read that post and UNDERSTANDStep 2: if you like it, sign up here with my linkStep 3: deposit and maintain at least $100 til 1st NovStep 4: you get $10, I get $10 Good deal, right? You can deposit BTC, ETH or GUSD. For me, I obviously have ETH deposited in there. A humble 200 ETH working hard to generate for me...

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Earn High Interest on your Crypto? I deposit 200 ETH ($50,000 SGD) to find out.

Okay, so I know I’ve talked about earning interest on stablecoins before, specifically with the DeFi and centralized platforms. What actually is a very well kept industry secret that most people probably don’t know is that you can also earn interest on your crypto! Yup. I bet you didn’t know that, right? Question: What’s the rate that we are exactly talking about here? 6.2% on your first 5 BTC (~$55,000 SGD) is pretty damn good.4.1% on your first 200 ETH (~$50,000 SGD) is also pretty damn good.Also 8.6% on GUSD (which is a crypto token that is 1:1 redeemable...

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Can I Outperform the “Market” with my Crypto USD savings account?

I know, I haven’t had any content in a while. Anyway, I’ve been thinking of this idea, funding 2 crypto “savings” accounts with $1000 USD each and then watch as I outperform everyone else without even breaking a sweat, taking only black swan risks, and have almost no liquidity issues. Should I do it? Heh. I’m thinking of throwing 1000 USDC into Celsius, and 1000 DAI into Compound / Idle Finance. 8-9% APR with minute/daily interest payouts and no withdrawal penalties or restrictions? I’m sure most of you are asking yourselves “is this a scam?!?!”, lol. Anyway, I’ve been...

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Crypto Soft Flex

As we all know, I’ve been doing crypto balls deep since 2017. I’m happy to report that even after that devastating bear market we saw in 2018, I’m still in profits today. Yes, that’s right, I’m in profits. And better than that, I’m actually in triple digit percentage profits too. So if you take the most minimum amount that triple digits could mean, that would be 100%. With BTC at $10,200 and ETH at $210, that would mean that my average buy in price across ALL my purchases is at least 50% of that. You could probably generalize that...

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Negative Bank Deposits in Denmark

Can’t make this shit up. Large accounts (more than 7.5M DKR) would have -0.6% rates. Denmark already has negative home loans at -0.5% lol. And while people are paying banks for the privilege of them to hold their cash (and allowing the banks to use the cash to lend out and earn a profit), I’m earning ~12% APR with my USD stablecoins, with no lockups. Sorry to say, but the world ain’t fair. You don’t do the hard work of educating yourself on what matters, you don’t get the same opportunities as people who...

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DGD is a BUY now???

I think DGD needs no introduction. I used to own a shit ton. I sold majority for disgusting profits. I exited the rest of my position at around breakeven. Recapped all of this in Jun 2019 when I was saying how DGD is crap and will never distribute their DAO funds. Well, guess what happened? Anyway, I’ve been an asshole on Twitter and I’ve been poking the shit out of their community on twitter – blasting their crap capital returns, terrible yield and below NAV valuations. Also saying that their team is either incompetent or fraudulent. I guess their community finally...

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Crypto is Simpler than the Current Financial System

People think crypto is complex.Yes, it is complex. But compared to the traditional financial system?It’s friggin simple. Who decides how much money supply is there?Who checks how much money is there?Who can verify how much money is there?Who decides how much NEW money is printed?Who decides WHO this new money goes to?Why do these people get the new money? Why not you?Who can veto where this new money is going to?What say do you have in this system? I can bet that you can’t answer all the above questions about the traditional financial system. I can answer these questions...

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The Current Crypto Narrative

So, this is the current narrative that is going on, and will go on wrt the macro lenses of traditional investors. – USDCNH broke 7, CNHXAU broke 10,000 = China can’t keep their shit together– USDKRW broke 1200 = new Asia getting rekt as well– Japan yield curve inverting = shit gonna htf– US bond yields dropping– larger % of global bonds going deeper in negative yields (23% of all global debt, last I heard) Basically, negative yields means crazy shit is happening. How will most countries react to an economic recession, since they haven’t had to face a...

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