Monday, October 23, 2017

GMGH Crypto Blackbox Investing (Final)

As mentioned on 8 Aug, I have been doing something called Blackbox investing.

As a refresher what that is all about:
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

However, this will be the last update.


No, I am not losing money, hehe.

1) The bitcoin fork(s) are coming and I need to pull back my BTCs to manage the fork process
2) I am planning to inject more capital into my funds a
nd do some rebalancing

Both of this means that it would be hard for me to continue reporting.

Here are the final updates:

For the past few week, everything went along pretty well, except for an itchy hand mistake I made with my "Steady Turtle" fund. I had thought that BTC was going to bounce off resistance at $4800, so I hedged out my position. Within a few days, it had broke past $5000 and was surging like crazy! I got back in at $5300. That itchy mistake cost me 10% of lost! Overall, it is still up almost 50% in less than 3 months though.

In fact, all my funds have done well. They have all increased in both crypto and in SGD value.

As mentioned, I am not closing these funds. I am just temporarily shutting them down to deal with the BTC forking, after which I will shuffle around my capital and re-allocate.

My funds have been working out very well for me. If I had split my funds evenly, I would be up almost 100% over the past 3 months!

Profit from this blackbox investing experiment over for about the past 3 months? $8327.08 SGD

As mentioned in my last post, this is definitely not my entire portfolio.

I expect a lot of good developments to happen to crypto (especially my portfolio) over the next couple of months.

At the rate I am going, I'm leapfrogging ahead in "investment years" because of all these outsized returns that I am getting. Hopefully by mid 2018 I will be able to report big gains and be a bit more comfortable sharing values of my returns then.

For now, just enjoy my crypto posts from time to time! Remember, if you don't know what you are doing, PLEASE FOR THE LOVE OF GOD DO NOT BUY CRYPTO.


  1. wow u are very advance. I am buying regularly using coinhako without much strategy.

    1. Hi yoyo, DCA is a good simple strategy that should work out well in the long run :)

  2. Hi

    Can I ask whether any particular blockchain can function without bitecoin? Thnaks


    1. Hi Peter,

      I don't really understand your question.

      Is there a blockchain that does not require bitcoin?

      Yes, there are many blockchains and they all have their own unique "coin", such as Litecoin and Ethereum.

  3. Hi gmgh,

    I am currently vested in btc/eth/Neo/xrp/litecoin

    I want to just focus on btc/eth and 1 other at the moment.

    Among Neo/xrp/litecoin, which do you think has more potential in 2018?



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