Friday, November 9, 2018

Woops still busy

Been busy busy busy these days.

I know some people might be disappointed that I've been putting off posting on my blog for a while, but ever since I started using Twitter, I've been having less motivation to post on the blog simply because of how easy it is to tweet as opposed to blogging.

At least with Twitter I can fire off a random thought and just be done with it. Blogging requires a lot more time and effort, and unfortunately I'm very short on time as a resource.

How do people complain that their life is boring and they don't know what to do? I wouldn't mind to buy a few extra hours each day from those bums! If only time could work that way, haha.

The main reason why I've been busy? Making money.

While I blog mainly to straighten out my thoughts and share things I've come across, sadly, it does not pay the bills. My ad revenue is disappearing. Blame it on my switch to crypto content. Blame it on my recent slowdown in posts (though the ad revenue has been dropping from earlier this year already). But heh I still donate all my Adsense revenue to charity anyway.

On the other hand, I'm engaged in a few side projects that will hopefully net me very handsome gains in the near future.

Making money > Blogging to stay relevant

I've quite come to terms that I'm not going to change the mindset of a lot of people when it comes to crypto. A crazy blogger on the internet can only do so much.

You need things like banks, large MNCs and governments to get involved for things to change...

Wait. What?

You telling me that they are already getting involved? (Source 1, Source 2, Source 3)

Oh well, that's all the better for me then. Hehe.

While I'm still committed to this blog, I must admit that it has been knocked down several places from my priority list.

So quick wrap up for the top 2 questions in your head right now.

Q1: How's my crypto portfolio doing?
A1: Single digit percentage loss.

Q2: What's your Twitter.
A2: Here you go.

Okay, that's all folks. Tweet me or DM me on Twitter, I'll almost definitely respond!

Maybe more content in Dec.

Or maybe not, lol.

Thursday, October 25, 2018

Hey Guys

Welcome to the bear market!

Crypto is down between 70-90% from all time highs. I just checked, I'm still only single digit % down. Not too bad.

I'm sure stocks aren't going to tank that badly, so you can get through it!

Also, I promise I'll start posting more in November. I'm not (completely) rekt, I'm just busy!

Monday, October 1, 2018

The Useless-ness of Utility Tokens

Interesting new position and legal stance from the Iconomi team.

TLDR -
ICN has always been useless
ICN will seize to exist but can be converted to either actual security tokens, or for ETH

Interesting trade opportunity:
They are committed to buy each ICN at 0.0019 ETH, which is higher than the current market rate of 0.0017 ETH.

If you think that they will actually go through with it, you've got yourself an 11% profit trading strategy.

As I've mentioned before, a lot of "utility tokens" are useless and worthless. I see a lot more people cycling into very risky coins under the rationale that "even shit coins will pump eventually". Nothing wrong with hating the assets and just taking it as a trade, but know when enough is enough and cut losses if you have to. If there are no fundamental reasons for a future recovery, you're playing a very dangerous game of musical chairs.

Good luck out there. Crypto might be depressed right now, but it's doing wonders for the purging and cleansing.

Friday, September 28, 2018

Austrian Gov to issue $1.3b of bonds on ETH public blockchain

Been extremely busy lately, haven't had enough time to keep up with the markets, let alone blog about them.

Things should lighten up for me soon. You can probably expect me to push out content in late Oct and start finalizing and posting my 100+ drafts entries.

Anyway, interesting news, just wanted to share this tidbit.

The Austrian government will be issuing out 1.15b EUR of bonds over the public Ethereum blockchain.

Source 1
Source 2
German Source

That's right. The PUBLIC chain. The chain that me (and maybe you) holding ETH is part of.

Obviously, this is of no surprise if you read the Nov 17 Project Ubin piece I wrote, crypto securities are one of the lowest hanging fruit to take.

In May 18 I was talking about how crypto securities will be YUGE.

Later in July 18 I followed up with a bit more bullish developments on crypto securities.

Securities being packaged as crypto should not be a surprise. It's blindingly obvious. It's an extremely logical step forward, and the step that many people are taking, planning to take, and will take.

What is actually more interesting is the fact that the issues will be done on the PUBLIC Ethereum blockchain.

Why is this important?

I wrote a post why "blockchain" in itself is not a bullish factor for crypto investors, since "blockchain" does NOT require any cryptocurrency to be used.

A lot of extremely stupid people still get things mixed up and don't bother to learn the difference. Meh.

I don't care as long as I make money. My job isn't an educator. My job is a blogger to write about my experience and views. If you can learn from my sharing, that's fantastic. If not, oh well. Can't save the world, can I?

This bear market is tough, but remember, the only number that matters is on the day you decide to cash out.

Friday, September 21, 2018

The Australian Property Bubble

First, just watch these 3 videos.




The Australian property market is crazy. I talked about it in 2015.

The first 2 videos give you an on the ground look on what is happening.

The 3rd video shows you the viewpoint from an investor who is thinking of shorting the market.

It's an excellent case study of a housing bubble and I am eager to see how this plays out.

It has been my view that the Australian and Canadian property markets are crazily overvalued and due to a housing crisis. Perhaps that could set up other markets for something similar. Singapore private property prices are a joke.

Anyway, just something that I've been recently intrigued about.