Tuesday, December 31, 2019

Goodbye 2019, Hello 2020

I had actually drafted an arrogant flexing year end wrap up blogpost, but one of the things I am trying to do lately is to be less of an asshole, so I decided not to post that.

I would like to say that 2019 started off as a tough year for me, as the crypto markets began in the shits. However by mid year, the performance of SNX was doing so well that things was all okay for me. Naturally being in fat profits is a happy thing, no?

Unfortunately, most people I know in crypto have their portfolios languishing quite terribly. I do honestly still think that the future for crypto as an asset class is bright (and will be much broader and encompassing than what most people imagine it to be), but these days I also think that it will be a long drawn out recovery, and lots of people are going to get shaken out of the market. I really do hope that we all can make it through.

There isn't really much to say which is not finance related other than that I am very glad 2019 turned out to be a great year for me in terms of investing, and I am quite keen and looking forward to 2020 for the other crypto projects that I am invested in to mature and also give good returns.

In fact, I am thinking a lot more about 2020 than I am about reflecting on 2019.

There are lots of things that I want to accomplish, and I feel that I have been holding myself back from accomplishing them.

Life needn't be so complicated.

You want something. You break it down into steps and work backwards what you need to do. You do it.

There's quite a few things that I want to do in 2020, and also plans for the next few years. I find the notion of "calendar year" planning to be a bit silly, especially if I have goals and plans that stretch out further than that.

One of the things that I really did not expect is to obtain the amount of wealth that I have right now, bright and early, even before I turned 30.

At this point, I honestly and sincerely do believe that I can quit my job and never work another day in my life specifically for money. Any work that I would do, would be work that I want to do and voluntarily subject myself to do.

Crazy, isn't it?

I've heard of this question before, but unfortunately it seems that I have not pondered on it seriously or deeply enough.

"If money was no longer an issue, what would you want to do with your life?

I guess for me, 2020 is going to be mainly about inwards soul searching and thinking about life and what I want to do with it, while also going auto-pilot with my day job and managing my crypto.

Financially, getting a house, setting up a retirement fund and having a draw down plan, blah blah blah, all those are the boring and easy bits. Please bitch, I am GMGH.

Well, don't mind me. I'm just agonizing over my "rich people problems".

I'll still be on crypto Twitter for a while. Gotta keep hustling and pumping my bags, amirite?

Anyway, I hope you all had a good 2019 and I hope 2020 will be great.


  1. Hi GMGH why would you say a draw down plan is easy. Would like to understand better since i am in the industry.

    1. Hi Kyith, within crypto there are numerous ways (custodial and non-custodial options exist) to earn well in excess of 4%, meaning your withdrawal rate could be 4% and you'd perpetually never even hit your capital. Unfortunately, it is out of reach of most people, not due to any access restrictions, but due to personal aversion of the entire industry. I will have a post about earning those fat yields with USDC on Blockfi in a few weeks, after they officially launch it.

    2. Hi GMGH thanks for explaining. I will look forward to your post. All the best for 2020.

  2. Blockfi will be launching support for USDC and LTC in the first few weeks of 2020 with competitive rates, they are also planning to launch a new blockfi product the BTC rewards credit card. do help review if possible.

  3. Hi g do u use crypto.com mco debit card? Would like to know ur thoughts on it.

    1. I have a card and it works fine. But with all the newer cards aimed at travellers (youtrip, etc), I doubt if its worth the time and effort to migrate spending onto the MCO card.

      It's nice as a quick and fast cash out option (deposit, convert, go ATM withdraw), but not much more imo, since regular credit cards still give good cashback and rewards, so why not spend there instead.


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