Friday, January 8, 2021

1 Bitcoin is $40,000 USD

Probably a correction soon, maybe.

But I think we still go higher.

Have fun staying poor.

Sunday, January 3, 2021

1 Bitcoin is $34,000 USD

 As I write this, Bitcoin has just passed $34,000.

Probably a correction soon, maybe.

But the path is still up to me.

Have fun staying poor.

Wednesday, December 16, 2020

Closing 2020 Thoughts

A bit early, but that's okay.

2020 has been an extremely blessed year for me. I have made more money this year that I ever dreamed possible.

Whatever I thought I'd make from crypto by the time I am done with it when I first started, I have made significantly more, and I am still not done yet.

Moving forward in 2021 and beyond, my goal is to maintain extremely heavy exposure to crypto until a retail mania begins (ends).

If a retail mania does happen, I will be playing the irrational sentiments and try to sell around the top, to later buy back around the bottom.

Particularly, I will be looking towards the SG financial blogging community for sentiments. I believe that even regular people will be in before them, and the majority of the bloggers will be among the last few of the herd to enter, and when they do, it will be around the top. When the bloggers start talking about cryptocurrencies and disclaimer that they are "opening a small position", that will be my signal to begin exiting the market.

One important thing though, is that I will never, ever be fully selling off all my crypto positions.

I now fully believe that my goal should be increasing the number of coins, aka my % ownership of the network, in important cryptocurrencies, and they will be my stores of wealth or productive digital capital assets that will work for me in the future.

As such, it is insane for me to imagine shifting the majority of my portfolio back into depreciating fiat during the next retail mania peak.

I will always maintain crypto exposure, just varying degrees based on market sentiments. I never want to be "caught naked" and be stuck in a large fiat position anymore.

"Set aside enough fiat so that you can live off the interest"

Okay, already did that and earning 5 digit interests every month. 

Okay, now what?

6 digits? $100k monthly interest? 

To do what? 

Every day eat Michelin stars, every week buy new watch, every month buy new car?

Exactly.

There's nothing else after that already.

You have a house. Or two. Or a few.
You have material wealth and luxuries.
Sports cars and watches maybe (absolutely ridiculous, but if you have money to burn, why not?)

Okay, now what?

The conclusion is *always* the same - any wealth earned above and beyond what can be fully spent or utilized as capital base to generate interests, I would put it back into crypto.

The entrance of institutions have changed the way that I will be playing the game.

In the past, it was a meme that "institutions are coming".

This time, institutions are indeed coming, if not, already here. But many are too biased and remain blind to this happening before their very eyes.

The long game goal for me now is to hoard and squat on as many coins as possible.

Of course I will focus on my personal life, but I would think that I would still allocate a fraction of my time to continue doing what I do best, which is to preserve and generate wealth with cryptocurrencies.

A lot of people still don't get it.

A lot of people never will.

It's okay. 

If everyone is extraordinary, then who is ordinary?

Friday, December 11, 2020

DBS shilling risky digital rat poison ponzis

https://www.straitstimes.com/business/banking/dbs-to-launch-digital-exchange-crypto-trading-may-start-as-early-as-next-week

Gross.

Can't believe that a legitimate institution like DBS will be risking their reputation to sell such worthless garbage that is *CLEALY* only for gambling and speculation.

This is so disgusting.

Luckily, it is only for accredited investors so that the simple-minded poor plebians won't have access to it.

Akin to having barriers of entries to the casino so that the poor dumb folks won't lose their money. 

Thankfully MAS is regulating so well.


---------------------------------------


Obviously, that was sarcasm.

I've talked about this before. 

Anti-crypto financiers are the new "internet won't work", "who would ever own a car instead of a horse" people.

Imagine living in 2020 and still thinking Bitcoin is a scam.

Saturday, November 28, 2020

Spot Long and Chill

Since being bearish DeFi throughout October, I flipped bull very early Nov and I got back into my positions at fantastic prices.

I am now just very simply and very boringly spot long and chill.

I have already taken out my entire seed capital.

I have also realized a very large sum of profits. 

I have set aside this money to allow me to continue with my life plans without worrying or being reliant on the the performance of the crypto market for the rest of my life.

I am now playing with house money to try and hit stretch goals, but I am still playing to win.

I expect the upcoming crypto bull run to be mind blowing.

A goal of mine is for my public ENS to hit 8 digits. Now, that would be a real flex.