Wednesday, January 31, 2018

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 I'm selling it, I'm only getting back 3 ETH.

Crypto twitter OGs will tell you that BOY YOU ARE RETARDED JUST LOST 2 ETH. Which, mathematically, it is true. If you started with 5 ETH a few months ago and now you have 3 ETH, you just lost 2 ETH and made a loss of 40% in ETH.

But here's a catch. You need to have started with 5 ETH as your base. I didn't. I only had SGD and I specifically bought ETH with my SGD to make this investment.

My base wasn't 5 ETH.
My base was $1450 SGD, which was $1075 USD, which was $215 USD per ETH for 5 ETH.
My base was $1450 SGD, which just so happened to be worth 5 ETH at that time.

Now when I cash out the investment which is valued at 3 ETH, I get back $4440 SGD.

So if you listen to crypto twitter, I just booked a lost of 40% in ETH and I'm an idiot.
But if you listen to GMGH, I just made a profit in SGD of 200% over 4 months.

Of course, based on opportunity cost, if I had just bought and held ETH instead, I would have made even MORE money. But the fact of the matter is that at that point of time, I didn't want to buy more ETH. I felt comfortable with the amount of ETH I was holding and I only wanted to buy more of this micro-cap, which I bought using SGD and ETH was just the intermediary.

If I had decided not to do that trade, I would have not made or loss any money. Nothing happened.
But since I decided to do that trade, I made profits in SGD although I would have been better off just keeping ETH.

And that's the thing that people don't understand. I still freaking made money, jeez.

A lot of people like to carry cryptotwitter OG's balls by subscribing to their idea of what is right, and calculating their portfolio in BTC and their gains. I do not follow this idea. I don't even like BTC.

I just like money, lots of it.

You can do whatever you want though.

I'm just letting you guys know that blindly following random people on the internet isn't always really a good idea.

Final question of the day, to check if you were paying attention.

Someone had 1000 BTCs in 2011. Today he has 100 BTCs.
Did his wealth increase or decrease?

If you get the right answer, congratulations, you are not stupid!!!!!!

Tuesday, January 30, 2018

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 holding it for now.

In fact, I'll probably still be adding some positions in the future when they dip again.

What's the worst that could happen?

Just lose all my money lor.

Sunday, January 28, 2018

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.

Bitcoin as money is just revolutionary. 

While many people like to focus on the anonymous aspect of it (which they are totally wrong, because Bitcoin is only pseudo-anonymous), I think the most nascent point about Bitcoin that people are slowly beginning to appreciate is that there is decentralized control over it's supply.

And why is that important?

You can ask Zimbabwe or Venezuela. 

Do I trust the blockchain more than my own government?

Yes, I do.

Not because my government might be bad. 
But because the blockchain and mathematics doesn't lie. It just is.

I choose the uncomfortable certainty over the comfortable possibility.

Who knows, maybe with time and adoption, Bitcoin with LN really will be a very viable system as a global currency, and that uncomfortability will just gradually go away.

Pandora's box has been open. Sorry old folks, we ain't just gonna close the box after seeing what we've seen. This is the future and this is just the beginning.

Friday, January 26, 2018

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
Benebit ICO Exit Scams with at least $2.7 million USD using fake photos of their team

Edit: Just after this post went live, news of Japanese exchange Coincheck getting hacked and losing ~$750M USD is making its round. Crypto IS dangerous.

And there are many stories. Those 4 are just the recent examples that I can recall and find the link to. There are so many more and they are all sad stories to hear. The first 2 is just generally how crazy things can get after losing money. The last 2 are examples of recent scams. There are so many freaking scams in the crypto world. Honestly, I'm afraid every time someone emails me with "Hey GMGH, what do you think about this ICO?". But the main focus today will be about the ponzi / lending platform coins. If you are on a lending platform, please strongly consider if it it a scam.

Recently, one of the things that imploded was Bitconnect.

Bitconnect was the biggest crypto ponzi scheme. It was a scam There are many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many, many more like it.

When I did my Crypto Cancer Shitcoin list in December, one of the coins that I happily elevated onto that list was Bitconnect and I called it an "Obvious Ponzi".

Of course, what is obvious to me and to quite a few people in the crypto community might not be so obvious for other people, especially the new people who have recently discovered and joined the crypto movement.

Honestly, I feel bad for most of these people. A lot of them are decent people, just with a poor understanding of how crypto works, how money works and maybe a bit too trusting.

Crypto is seriously seriously dangerous.

While this above issue is specifically about Bitconnect being a ponzi coin and scamming people that particular way, there are plenty of other scams.

It seems that ICOs are now the hot new thing for newcomers, so I will stress a very important point again:

An ICO / project that fails to deliver or delivers a totally crap product is indistinguishable from a scam. 
It is a scam. You got scammed. You just didn't realize it yet.

One of the things that I actively try very hard to do is to NOT encourage people to blindly plow money into crypto. Especially so for some weird indie ICOs.

I explain and talk about crypto.
I blog about what I am doing and thinking about crypto.
I give my own personal unqualified opinion about things in crypto.
I give disclaimers all the time.
I warn people about the risks involved in crypto.
I always talk about how crypto can fall further.

But I don't ever recall going "Hey, do what I am doing so you can make lots of money!". I try to be very mindful with my wording and I usually edit and rephrase anything that might end up sounding like that.

Even when I talked about the crypto that I am holding for 2018, I give a PSA at the end of my post. I know that I am somewhat influential and someone somewhere out there is just going to go, "Hey GMGH bought that, so I'll buy it too!". Please don't be that person.

I tell you to watch me, not mimic me.

As much as I hate the guts of all the promoters of Bitconnect and all the other ponzi coins, they do say something which is the truth:

You're a grown-up adult and you can think and make decisions for yourself. 
Nobody forced you to buy into any of these things and you did it on your own free will.

That said, those promoters are still horrible horrible people. But you, my dear reader, have to learn to be a grown ass adult and know that this crypto wonderland you might find yourself in can be a very dark and dangerous place.

There is no protection. No insurance. No resets. No police. No lawyers. No courts. No jails. No redos. This is the wild wild west. You gave up all the rights the moment you decided to step into this arena. THIS is what MAS was warning you about.

I'm not trying to scare you out of crypto after I (admitted) fanned the flames of FOMO in your heart by exposing you to the world of crypto. Instead, I am trying to make sure that you also understand and accept the reality that there are LOTS of risks in the crypto space and it really isn't for the faint hearted.

Your best defense is to have lots of sketicsm about everything. Trust no one. Nothing. Not even me. Do your own due diligence. It's so cliche to say it, but if you don't look after your own money, no one else will. Have a system of checks. Check with the community. Check with knowledgeable friends. Have a cooling off period before making big decisions.

You can never be sure about anything, but by taking things slow, actually understanding what you are doing and getting yourself into, along with community support from trusted peers, you would be able to have a somewhat robust system of many multiple eyes to help you look out for red flags and avoid catastrophic situations like the Bitconnect ponzi.

I just want to end off by stressing the usual: Crypto is dangerous and if you are uncomfortable about doing anything or if you don't understand what you are doing, please stop before you make a very, very expensive mistake.

Thursday, January 25, 2018

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 1: $10,558.44 
Portfolio 2: $10,650.88
Portfolio 3: $20,112.79
Portfolio 4: $22,549.81

Absolute Quarter Return:

Portfolio 1: 5.58%
Portfolio 2: 6.51%
Portfolio 3: 201.13%
Portfolio 4: 225.50%

Annualized Return:

Portfolio 1: 24.28%
Portfolio 2: 28.69%
Portfolio 3: 1536.40%
Portfolio 4: 2485.66%

Do note that the prices of both crypto had already come down from an even more ridiculous level. Bitcoin was down over 40% and Ethereum was down over 25%.

Of course, this is just a paper experiment. The point isn't to purposely cherry pick the absolute top in cryptos and slam stocks for the relatively lower returns. It is just a singular experiment to show the relative gains between the asset class over a fixed period of time.

I must add that the stock market over the past 3 months has been doing rather well. And well, if cryptos were down 20-40% when we made the comparison and it is still massively outperforming stocks, I think you can reach some sort of conclusion yourself, eh?

Is this a call to invest in cryptos? No, it is not. Just a glimpse at what are the returns that people invested in crypto get for assuming the massive risks in the crypto space.

This is just an experiment and food for thought.

People ask me all the time, am I too late? Yet when the crypto market goes ahead and give all investors - both old and new - a chance to buy in at 50% discounts, everyone is suddenly scared and thinks that we are in the phase of the bubble bursting.




Bubble bubble pop pop.

Burst has become everyone's new favourite word after they have all become financial experts at spotting bubbles.

If you want to check if Bitcoin is in a bubble, visit this post and answer all the questions. You'll be able to find out for yourself.

Of course, the stock market itself isn't in a bubble? Only cryptos are, right? RIGHTTT?

Sure thing. You tell yourself whatever you need to so that you can keep on trooping along.

Wednesday, January 24, 2018

We are definitely in a bubble

A stock bubble, HAHA.

My crypto portfolio already dropped 40% and I'm still all smiles with a shit ton of profits and plenty of buffer between here and my capital.

Howsabout you and your stocks?

I mean, what's the worst that could happen?
40% down? No biggie.
I face that sort of thing every few months.


All the best stock peeps.

Maybe it's about time to sell some of those tulip bubbly assets you got and rotate into a sector that just "burst"?

Tuesday, January 23, 2018

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 post I said that I'm expecting BTC to drop 60% from ATHs. How deep was it last week? -54% is pretty darn close.

It's an easy strategy. Your relatives, friends, corlicks are all trying to get their accounts open and verified to pump crypto. Are you scared? I'm not.

Scared money don't make money.

PSA: Cryptos dangerous af. If you don't believe me, register at Binance to lose money really quick playing with alts. Lol.

Edit: Decided to add the tickers here below so that readers can compare the current price right now.

powered by CoinLib 
powered by CoinLib 
powered by CoinLib 

Saturday, January 20, 2018

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.

By the way, remember my post I did on my portfolio in December? I'm still higher than that after this "crash". Oh, and this is after I injected capital which would drag down my portfolio returns. How are my new positions doing even though I bought them so late? Fantastically well. Up between 70% and 220%. Within a damn month. After a pretty significant "crash". Lol, crypto is really the best.

Guess we need crypto to drop at least another 70% from here to come near enough to my capital for me to shut my damn mouth.

Even though you voyeurs are only here to watch me burn, I still love you!

Friday, January 19, 2018

About this recent Crypto Crash and all the Crypto Critics

Source: Stonetoss


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 made the mistake thinking that your common uncle Ah Huat is the main market mover in crypto. (Psssssssssssst fyi, it's not, lol)

Oh well I guess I have to make all the money myself then.

Thanks Buffet.

For crypto vets, just a friendly reminder: BTFD

Tuesday, January 16, 2018

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 slow. It takes ABOUT 10 minutes to confirm a transaction - if you pay the highest fees. Half the time it is even longer than that.

Bitcoin is expensive. It costs about $15 USD to make a single transaction, unless you want to wait.

The Bitcoin proof of work model ensures that Bitcoin will never be cheap and fast if it is popular. Same as all its bastard spawns, like Bitcoin Cash, Gold and even Litecoin. If this is the future of crypto, we're damned before we have even begun.

Everything that Bitcoin does, just about every competitor does it better.

I will give Bitcoin credit that it is decentralized though. But currently, decentralized to the point that it's broken and fragmented and almost at, or already past, the point of no salvation.

Ethereum is processing about 3-4 times the number of transactions than the Bitcoin network.
Yet, Ethereum has fees that is 90% lower, at $1.50 per transaction to be in the next block.
And this is when it is still using proof of work.

Ethereum will be upgrading from the madness that is proof of work to a more rational proof of stake. It is clear in my mind that the future of crypto belongs to the currencies that are NOT proof of work, and this goes for any hybrid model as well.

Ethereum has almost 3 times more nodes than Bitcoin.
Ethereum generates blocks 40x faster.

Ethereum has an entire decentralized application ecosystem on top of it to provide it with infinite use cases in addition to the basic rudimentary function of value transfer.

Of the top 100 tokens, 93 of them are running on the Ethereum network.
Of the recent ICOs, I'd guess that 90% of them were launched on the Ethereum network.

Ethereum is scaling up through off-chains, side-chains, proof of stake and sharding.

By the time Ethereum has sharding out, Bitcoin will already be an altcoin and the Bitcoin maximalists of today will sound like the goldbugs that we all hear of in the traditional space.

I am almost certain that Bitcoin WILL NOT be the premier and most valuable cryptocurrency in the near future.

Fret not young crypto noobs, your investments in BTC are still safe for now. ETH has problems scaling up and BTC has a final bullet left with its Lightning Network.

I did not switch allegiance just because recently BTC is losing dominance and ETH is hot on its tails. I've always shat on BTC as being inferior to ETH on multiple occasions. I've been a happy stacker piling up ETH while everyone was chasing BTC to $20k. I suspect that it'll be paying off bigtime in the not too distant future.

I've already placed my chips behind the horse that I'm betting to win in the long run (crypto time means 2 years). How about you?

Sunday, January 14, 2018

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.


And why should I?
Do you know how much money I get from people NOT buying into any of them?

All I can hope is that they managed to get in early and sell before it (eventually) tanks. Ain't nobody said that you can only make money from good coins. I acknowledge that fact. Stupid shit can still make money. It's just not my style though. Good luck for you if it is yours.

Based on CMC stats in fiat, 
XRP is down 51%
TRX is down 66%
XVG is down 42%

Rinse, repeat.
Pump, dump.

The cycle continues.

Thursday, January 11, 2018

GMGH Crypto Portfolio for 2018

Am I shilling my own bags?

Well, obviously if I'm actually owning them, I believe in them, right?

A LOT of people have been asking me what I own and why, so here you go. I don't owe anyone an explanation for anything I own, but I'm willing to share what I own and why I think they are good investments.

I classify myself as more of a fundamentalist and I really don't do much trading at all. Unlike most of the new people coming, I don't have the mentality of "Aiya, it's just $1000 play money, lose also nevermind". My picks are calculated bets that I feel have relatively low risks given the upsides that are still present (given the valuation at the time of writing).

Feel free to disagree with me and avoid my shitcoins. Also feel free to have a different perspective and to explore deeper if any catch your fancy.

1. DigixDAO (DGD)

DigixDAO is a governance token. The DAO owns 466,000 ETH , and with a fixed supply of 2 million DGD tokens, that means that each DGD token is pretty much backed by 0.233 ETH per token.

Because of this 0.233 ETH loose backing per DGD token, if the whole thing goes to shit, you would be able to expect back about that amount of ETH per DGD owned when they decide to dissolve the DAO. I have been buying a lot of  DGD since the price of it was 0.175 - 0.2 ETH. If DGD fails to launch, I profit between 16-33% in ETH if and when they return the ETH. The refund is not a sure thing, but 99% confidence is good enough for me though. And because I know some people will definitely ask this: What guarantee is there that they will refund the ETH in DAO? None, goddamit. This is crypto.

If DGD launches successfully, their DGX stable gold token has a good chance to become the defacto stabletoken in the Ethereum ecosystem and they can easily replace Tether. The upsides are huge. This is literally digital gold. The DGD token will collect fees every quarter from the AUM and transaction fees (omg, an income play?! yes). With a stable token, they will occupy a very important role in the crypto ecosystem and their anchor of value will allow for many things to be built on top or around the DGX gold token as the preferred medium of exchange, due to its low volatility.

Oh, forgot to mention. Just under 500 addresses own 92% of all the tokens in existence. Over the past few months, many of these top addresses have all been accumulating into its release (expected Feb/Mar 2018). Good luck trying to buy any. This is one of the most illiquid tokens that exists.

2. Kyber Network (KNC)

Kyber Network is ironically a utility token that will kill off all other utility tokens. My thesis for Kyber is simple - utility tokens are trash, and Kyber facilitates them having no value. As long as projects force their services to be in their own native tokens, Kyber exists to absorb value away from those token holders because Kyber renders away any reason to hoard utility tokens.

Kyber Network is a decentralized exchange that offers users: no account registration, no deposits, low low low fees, instant transactions, guaranteed liquidity. If they can gain market share and implement cross-chain, they would become THE DEX of the crypto world.

I must admit, Kyber is a bit of a long shot that depends on two major factors: Ethereum remaining a popular platform for ICOs and token issuance (it already is #1) and that people want to keep things simple by not having 100 tokens for the hundreds of services that they will use. I don't know about you, but in my eyes, both assumptions seem about right.

3. TenX (PAY) 

Simple thesis - allows you to spend crypto at any VISA merchant in the world and withdraw cold hard cash from ATMs globally.

They are currently suffering from the happy problem of TOO MANY USERS and are struggling to scale up to meet the unprecedented demand of their cards and services. A banking license is in the cards by June 2018. They are moving at breakneck speeds on all fronts except the most important one - putting their card into the hands of every crypto user.

TenX is currently quite depressed with news that it's European partner, Wavecrest, has cancelled their cards. However, they have been in the works with Wirecard to do a global rollout for the longest time and they have pretty much put their balls on the line to reaffirm that Q1 is still the time for the global rollout.

PAY itself is an interesting token. It's a "reward" token (whatever the hell that means), which basically means that you may or may not get rewarded and receive value by holding these tokens. 0.5% of revenue from processing credit card payments go to the token holders and probably more goodies in the future. Nothing is finalized yet, they are having a lot of issues with their structure because it kind of looks like a dividend token - but without any rights or ownership or anything.

Based on what was last communicated, if you hold PAY, you will receive monthly income from the different payment processing streams that TenX processes. If you think about how much money is in crypto and how much money can flow through TenX if they manage to be market leader, having a decent amount of this token could be your cash cow for life.

I can easily predict that if their global rollout starts Q1 2018 with no delay, by Q3 just about every crypto user would already have a card or would be waiting for one. I still predict massive problems on their backend scaling up though. I myself am eager to get a card.

4. Raiblocks (XRB)

Raiblocks is one of the MOST exciting technologies that I have ever seen lately. It is simple, ingenius and it works.

Raiblocks is a completely independent "special" blockchain which allows for instant and free transactions.

Sounds too good to be true? I have tested it, along with thousands of others. It works.

What's better than cheap and fast? Free and instant. I predict that most of all the gen 1 blockchains that are just simple value transfer mechanisms will be crushed by XRB moving forward once they gain the momentum and user understanding of it.

Once they clean up development tools and improve accessibility and information on XRB, I am almost certain that it will explode and become a massive contender in the value transfer space (I'm talking about you Bitcoin!).

It has one of the best upsides that I have ever seen and I'm super excited to see how it goes. The risks are basically it's untested architecture and resilience to attacks - which are huge ones that can totally destroy it if vulnerable.

5. Bitcoin (BTC)

Investment thesis - uncles, aunties and institutional investors only want to buy the "safe" crypto and this is it. Until BTC is displaced as the defacto base for alt pairs, BTC will always have a use case, though it is rapidly deteriorating.

Almost all new crypto users who are knowledgeable and enter the space shun Bitcoin as expensive, cumbersome technology. I hate using it, but it's probably going to go up.

Plus, when you own some BTC, it makes it easier to answer the question of "Oooooh, I heard you are buying some of those cyber bitcoin things?".

6. Ethereum (ETH)

Proof of stake, sharding, #1 platform for ICOs, developers and enterprise interest, need I say more?

I have long believed, and I still do, that Ethereum will overtake Bitcoin eventually. If it doesn't happen by the time sharding is out and working well, then something fundamental must have changed about Bitcoin to keep it as the premier and defacto cryptocurrency. Maybe an actual working and adopted lightning network? I won't be holding my breath for it though.

To be completely frank, I have almost no ETH. I spent it all buying DGDs are ridiculously cheap prices. Stupid move? We shall see about that soon. After DGD finally makes it move and it is no longer cheap, I will continue stacking ETH.

7. Monero (XMR)

Simple - there is NO other competitor when it comes to privacy.

That's it. Everyone needs privacy and privacy is one of the few things that many people are willing to pay big premiums for. Monero is battle tested and it hasn't broke yet. You can pick your own favourite privacy coin to go with. A lot of people are going with Zcash, but not me. A lot a lot of the new people are going with Verge, LOL.

Everything else?

Honestly, I've been in this space for a while and I read up on most projects that I encounter. If your favourite crypto isn't here, it's not because I hate it - I probably just don't like the valuation of it and I don't think that it would make a good investment. Examples would be ADA, NEO, OMG, PIVX, ICX, AION, etc etc.

Sometimes though, there are coins which I think are absolute trash, yet people still pile into them. I'm not going to give names, or else some of you might cry. Anyway, whatever. The best part about crypto is that you get to put your money where your money is at. If you think you are right, then bet on it.


I know my last 3 crypto aren't as interesting as my first 4 crypto, but I really do like all of them very much - the way the technology is, development is going and the issues that they are all solving. For me, the toughest question is how do I allocate my monies between all these good picks? Well, I allocate based on my faith and conviction on all of them.

Interestingly, the first 3 crypto are all ERC-20 tokens, while the last 4 are just gen 1 blockchains doing payments. I am looking at the gen 3 blockchains, but it's hard to decide which ones are looking the best. I guess it's still a bit too early for me to know. That said, probably an equal allocation in each of the big 3 (Wanchain, Icon and AION) would be the least risky option and still probably have positive returns. That's how crazy crypto is.

Anyway, I don't want to talk too much about my holdings anymore. Just wanted to finally churn this post out and publish it so that people will stop bugging me.

Crypto is dangerous, wild and crazy. Please do not "invest" into cryptos if you really don't understand it and please do not buy anything just because I have it. Please understand that I already own these cryptos. I probably purchased most of my holdings at about 60-90% cheaper than the current market prices now. Risk is not only determined by the fundamentals of the investments itself, but also LARGELY determined by the price that you are paying.

Stay safe and think for yourself. Good luck!

Sunday, January 7, 2018

Hey hey hey hey, what's more important - Market Cap or Unit Price?

I really have to post this. The amount of stupid rolling into cryptos is just frightening. You aren't scared to lose money? I don't know why I'm so concerned about random internet strangers losing money. Maybe deep down inside behind my sarcastic facade, I'm actually a nice guy? Who knows.

But come on now you retards, you can do better than this. This is the same thing even for stocks.

When you evaluate something, what's more important, market cap or unit price?

Just as a refresher, Market Cap = Unit Price X Total Units

Yes, it's a very complicated formula. I hope you passed Primary 2, or else you might not do well in crypto. Here in crypto, we set the bar really high, I know.

If you read my previous post, you'd notice a VERY important chart. Yes, I also post important graphics, not just gifs to mock people. For the people reading just this article, I have attached the chart for your lazy viewing pleasure.

What does this mean? This means that everyone is buying into the "CHEAP" crypto - cheap being that the unit price / face value of the crypto is less than $1.

Why would anyone do this? Here is my best guess:

Which is sad because a lot of people are going to lose money when other people realize that their crypto isn't exactly that "cheap" anymore. Here is an interesting tweet from Boxmining about what the price of certain crypto would look like if we adjusted their supply to Bitcoin's supply. Are you ready?

Yes, if Ripple has the same total supply as Bitcoin, 1 XRP would be more expensive than Bitcoin and would be valued at $18,953 (as of 4th Jan), not $3. The reason why 1 XRP is $3 is because there is 38,21312312,312,312,312,312,24124,32 in existence (slight exaggeration).

Don't be like this guy.

Price is absolutely irrelevant if you know nothing about the circulating / total supply.

Of course, circulating and total supply in crypto is a known number. This is crypto after all. But I am sure that along with market cap, it is an extremely overlooked piece of information by new "investors".

So now, look at your portfolio. How many of them do you really understand what it does and why it is valued so? Did you pick crypto based on what it does, or what was its price? Don't go google what your crypto does and now tell me you're in it for the tech after the fact that you bought it because it's cheap. I know plenty of you guys sort based on unit price and buy based on that. Do you have a lot of crypto in your portfolio that you bought because "they are cheap"? I have a special shirt for you.

Don't get me wrong. I am not saying to avoid crypto less than $1. I'm just saying that if you're buying crypto less than $1 purely because it's less than $1, then you are retarded. Oh my, so explicit and confrontational? Well, you are. Just saying.

Less than 10% of my holdings are in crypto with a face value of less than $1. And they are truly in crypto that I feel are "cheap", with market caps below $50m. Yes, I do take risks in some shitcoins, but guess what? My ROI on them are over 200% since my entry and I'm still very comfortable holding onto them because of fundamental reasons.

I wish many of you the best of luck, but you know what? I already KNOW that a lot of you are going to get rekt and then call crypto a scam and fraud after you lose a lot of money. It's sad, but that is what will happen.

See you guys at the crypto front lines. I hope for your sake that you're fighting on the right side, or else be prepared to get steam rolled by me.

Friday, January 5, 2018

The HERD is coming into Crypto!!!

Bought crypto in 2017? Congrats fellow crypto OG on being a verified early adopter. THARMS UP MAN.

Buying crypto in 2018? HERD SHEEP FOMO NOOB, get rekt beech!

Proof of herd? This.

The herd is coming in and buying everything with a face value of under $10, especially things below $1. Madness.

Who cares about circulating supply or market cap? Price is the most important thing, right?

The next time someone says that the "price is cheap, so it's a better buy", I'm going to shit myself instantly on the spot.

I cannot tell you the number of times people told me that they can't buy a crypto because "it's so expensive".


Anyway, we already knew that this would happen. Just a PSA and FYI, the herd is already here, and half of them are STILL stuck at registration and verification at exchanges. I know someone that has already been waiting 2.5 weeks to be verified. And that was before the alt-coin FOMO boomz and we are now a whopping 50% higher from there. If you start your verification now, who knows how long it is going to take. At the current pace? At least a month maybe?

Would you like to to be a crypto degenerate like me and join the 2018 crypto herd? The only perk that I have to offer is that you can laugh at the people who will join in 2019. I'd ask you to go to Binance, but guess what? They aren't accepting new users anymore. TOO MANY PEOPLE REGISTERING LOL. You know what's the 24 hour trading turn over at Binance? It's 9 freaking billion buckaroos. Every. Damn. Day. You still think this is just some nerds playing with geek money? Bless you.

Even if you decided like right now that you want in on this madness and want to dump in some serious money, you can't. Take a queue number and wait 1-2 months. The next best thing you can do is to go to Coinbase and buy $100 a week with your credit card, lol.

By the time you're registered and verified on a proper exchange and can finally start your 1st trade, maybe the crypto market has gone up 3x from where it is now, haha!


This has got to be the easiest damn money I've ever and will ever make in my life. It's disgusting. I'm disgusted with myself.

Crypto life, best life.

PSA: Cryptos are dangerous af. No one is asking or forcing you to buy into any of this cyber hocus pocus magic money. If you are uncomfortable and do not understand what you are doing, PLEASE DON'T DO ANYTHING.

Monday, January 1, 2018

2017 in Retrospect, 2018 Looking Ahead

2017 in Retrospect

I think 2017 is one of the most important and eventful years of my entire life. It's the year that I re-discovered crypto.

I did the first half of the year as usual. Not interesting at all. Bought stocks, sold stocks, boring shit.

It was only when I stumbled back into the crypto world and fell down the rabbit hole did things start going crazy. I restarted the engines and blew off the dust from my Coinbase account opened in 2015 and I got down into the dirty gambling and speculative world of crypto. Or so I thought.

After devouring every shred of information that is not technically beyond my level over straight 4am nights for 2 months, I realized that this crypto stuff isn't blind luck. There is an art and methods behind it. I don't care about convincing people that crypto isn't luck anymore. Do I get any money if I manage to convince readers about crypto and they start and earn lots of money? No. So screw it. Let the the skeptics watch from the sidelines and burn with jealousy.

I sold almost all my traditional investments and I went all-in crypto. I think most of you have been watching this show like watching Final Destination, just waiting for the part where I die. But I have not died yet. Worse still, I made disgusting profits. Yes, even I can admit that it is absolutely disgusting. It's ridiculous. It's criminal. But it's all mine.

The amount of money I have made is such a stupid number it doesn't even make sense. It's so retarded that I'm thinking that I should just screw this crypto shit, take my profits and walk away from this casino with 6 digit profits in my pockets.

But then again, everything I've learnt so far is telling me that it isn't a casino. It's like saying that all of the investment legends that we know of are just REALLY LUCKY and they have a very LUCKY RITUAL.

I believe that there are smart ways to crypto, and there are dumb ways to crypto. I try to share what works for me in finding the good and avoiding the bad. Honestly, this isn't too disimilar from traditional investing. I only look like a genius now because the real smart people haven't joined the game yet, because they are convinced it's a ponzi fraud tulip bubble. Once the smart people get disenchanted from the shallow bullshit that the mainstream media spins about crypto, then it's game over for me.

With my ridiculous crypto portfolio, I've decided to let both my capital and profits ride as we enter into 2018.

Health-wise, I feel a lot better. Diet-wise, I think I eat damn clean. I will find out if what I think and feel is actually reality at my next health check-up.

The rest of my life is going on great. Only problem is finding more time in my life. The things that I love and the things I need to do takes up 110% of my life right now. I have cut away all excess activities in my life. I don't know much much longer I can take living with so little recreation in my life, but I guess opportunities like this don't last forever. It's better than I bite the bullet and take some hits to my life now, but reap the fruits of my sacrifices many times over once the dust has finally settled.

2018 Looking Ahead

I enter 2018 with plenty of excitement. You have no idea.

I have also decided to sell off the rest of my stocks. It's no longer worth my time to look at stocks anymore. I will obviously be funneling those profits and capital into crypto. Why?

In crypto world, the herd is coming. They just smashed through the front door and told everyone that they are here. That was exactly what the XRP pump was all about. Noobs announcing that they are here, and they want to crypto.

Right now, I am almost certain that I'm going to have a really big and fat portfolio by the end of 2018. Oh shit, did I just jinx myself? Naw, look at the queues at every single fiat-crypto exchange checkpoint / chokepoint right now. The noobs are spawning right into me.

When (not if) I cross the a certain mental mark that I have in my head, my plan is to slowly start taking some profits to reduce my capital.

When my capital drops to zero, then I get a "free" portfolio, right? I know that's how a lot of people like to look at their investment these days. Make good gains and sell until the capital is recovered and let the remainder just ride as "free profits" anyway.

It's a damn fallacy and you all should know that, but I concede to the psychological benefits that it brings. However I'm mainly doing it so that I can force myself to build up dry powder when (not if) the next crash comes. That added psychological boost is just a bonus. Saying that you can't care less about a massive portfolio because "it's all profits" is a huge trump card to be able to play. I'll be aiming to add that card into my deck for 2018's playbook.

2018 is going to be the year of crypto FOMO. Many people are going to jump on the train. Hedge funds will reverse their stances and expand their mandate. Gurus will retract previous statements and say they misunderstood. Banks will not view it as some scam asset. Analysts will actually start covering crypto on both fundamental and technical analysis. Investment products will be in the pipelines. Bloggers will suddenly now have a crypto allocation. Lots of bullshit courses by self-proclaimed gurus will emerge. The retail herd will be freaking pestering me every single post with "hi is this cypto good" and "is it too late to buy this crypto". By the end of 2018, would crypto finally be taken seriously? I actually can imagine it so, though I think I'm being optimistic and perhaps it will still be a niche thing in 2018.

Crypto has overtaken my life right now, and for good reason. If I play my cards right, 2018 will be the year that I hit that 7 digit networth at the young age of 29. Just how ridiculous does that sound? Very. How likely is that to happen? Also very.

I'll continue my crypto hustle. I plan to pursue more linguistic achievements as perhaps the only recreational activity of 2018 that I will be enjoying. I plan to stop my late night crypto matrix plug-ins and get more sleep. I plan to try and eat healthier and get back to my exercise routine. Crypto hasn't been too kind for my health and I don't wish to sacrifice much more of my youth, energy and health if it doesn't bring about any other benefits. My devil's trade for 2017 has already been done and I don't wish to make the same trade in 2018.

2018 is going to be a fantastic year for me. I'm so excited about it, I hope you are too!