Sunday, April 18, 2021

Scams are Thriving in Crypto

If you weren't already aware, we are deep in a raging crypto bull market.

When money is flowing freely and new incoming people are greedy and looking to make quick money, it is the perfect environment that breeds scammers.

There are many "projects" coming out now that are absolute scams.

Worthless, pointless projects raising money / selling worthless tokens.

I won't hold you back from making money from stupid retail buying these trash.

Free / easy money is still money, after all.

Also, there is nothing wrong *TRADING* meme coins / shit coins.

Like DOGE, LTC, ETC, BCH, etc etc.

But if you don't understand the technology and the crypto landscape, it may not be a good idea to HODL.

I won't hold you back from making money from stupid retail trading these trash.

Free / easy money is still money, after all.

Personally, I am not invested in any scams. If I do farm scams, I stay in Pool 1 and immediately dump the scam token into the Pool 2 brainlets. Bless the Pool 2 farmers for being my exit liquidity.

I also do not trade the meme / shitcoins this cycle, because I am just focused on my holdings. I made a lot of money trading LTC, BCH, BSV, TRX, XRP in the past - there's really nothing wrong with doing it. However, my experience from last bull market was that splitting my attention to trading actually negatively affected my overall PnL since it diverted my attention from the more important bigger picture of the markets. I am focused on improving my method and to continually keep winning.

When the selling pressure from early players overwhelms the buying demand, that's when things goes to shit.

We're literally in genius season where everyone is making money on anything.

You actually need to be certified mentally retarded to lose money in this market.

What makes me sad is knowing that a lot of really stupid / naive people are going to lose a lot of money.

But I suppose, this is the exact kind of market that will brutalize the stupid / naive people.

I wish you guys all the best in playing this crypto cycle,

But I know for a fact, not everyone is going to make it.

I hope you at least, have fun.

Saturday, April 17, 2021

Thoughts about people joining in Crypto now

First off, probably you want to slow down.

If you're only interested because of recent news and seeing the recent gains, you're literally the retail speculator that everyone is waiting for to come, so that we can dump on you as you buy the top.

But say you're brainwashed into the magic scarce internet bean money meme and you think it's going to change the world,

You should probably slowly dip your toes in, rather than dive in on the deep end.

Personally, I always tell people interested in crypto to start with USD stablecoin lending. Plenty of CeFi platforms to lend your crypto.

A big big big point to know is that you must *KNOW* that the platform is actually lending it out. If not, how do they pay the interests?

A few scamming projects will promise yield and interests, but strangely, they have no borrow demand at all. Hmmm. 

If you can't even borrow from them, then who is actually borrowing from them?

Lending only, but no borrowing? 

LOL. You stupid is it?


Once you're familiar with CeFi stablecoin lending and understand the environment better, especially regarding addresses, transferring, block explorers, fiat on and off ramps and the general overview of the infrastructure, you can start getting a bit dirtier.

Withdraw out some funds to an actual Web3 wallet and mess around with yield farming. There's several ecosystems to do this. This is how you can get access to the higher risk premia of defi yield farming.


Because there is no customer support. 

No insurance. 

No guarantees.

You are completely solo and on your own.

You mess up and sent your money to a wrong address? BOOM. GONE FOREVER.

You mess up and call the wrong function? BOOM. GONE FOREVER.

There's so many attack vectors and possibilities for things to end badly.

So this is why the "yield" is much higher than the centralized platforms.

No guts no glory.

No brain same story.

An alternative route to defi farming is basis trading. This would suit people from tradfi with financial background, and is probably simpler to execute while still being a very high return strategy.

And if defi farming and basis trading to earn 40%+ yield is not enough for you, then I guess you can probably upgrade yourself out of the basic delta neutral strategies and actually start speculating in tokens.

However, I prefer to start people off and send them down a path of easy winning, and then they can branch out to "harder" stuff once they understand the entire space a lot more deeply and have familiarized themselves with the landscape and environment.

That said, I think because it is the bull market now, too many people are too greedy and too impatient and want to have the insane sick gainz NOW.

Speaking from experience, I think that crypto is a long term survival game, not a quick get-rich one-and-done, once-in-a-lifetime opportunity sort of deal.

If you think crypto is just a passing fad (like the previous times lmao), then all I can say is 

Have fun staying poor.

Friday, April 16, 2021

Crypto Exposure Through Stonks Herp Derp

I always remember the saying, "When you have a hammer, everything looks like a nail".

I recently read this post by Seedly, and thought to myself,

"When you're a stock investor, every investment has to be a stock"

IMO, proxy crypto exposure through stocks is really stupid.

(By the way, I can swear and be non PC now because I have closed my AdSense account, KEK)

When people talk to me crypto, I try very hard to help them understand that significantly superior risk/rewards strategies exist without them having to take on crypto price risks.

Unfortunately, no one wants honest low-risk, high returns strategy (10-40% returns in a year).

If they are going into crypto, they just want to degenerate and yolo go for 10-100x returns.

Because, it's all stupid anyway, and it's just a gamble.

Just fun money to have some excitement.

Win or lose, all based on LUCK.

If that's how you think, you can

Have Fun Staying Poor

Monday, April 12, 2021

I would not touch CakeDeFi

I read KPO's post on this.

Usually I try not to comment so much on what other people are doing.

He is in their "pool 2". (the podcast link explains pool 2)

If you don't know where the yield comes from, boi, it's coming from you.

(that said, I have been in pool 2s - you just to need to know damn sure what you're doing / risking)

Me explaining to people how pool 2 works

But hey, maybe this time is different.

You never know, right?

By the way, I have a recent post about retarded magical money printing machines.

Anyway, it's a free world.


But hey, that's just me.

Perhaps I am being irrational, since I am not giving any reasons and will not be elaborating.

You live by the sword, you can die by it as well.

Good luck Cake bois.

Friday, April 9, 2021

Crypto Skeptics or Uneducated Armchair Critics?

As crypto goes higher and higher,

the salt level increases

and I see more absolutely shit takes on crypto.

It is actually really sad to see seemingly smart and financially trained people with such dogshit takes.

I talk about the "yield" in the crypto markets often.

Yet people still don't know that you can earn yield while taking on zero price risk of cryptocurrencies.

It's not hyperbole, it's a fact.

You can think Bitcoin is a scam and be completely USD denominated and based, and still make steady and predictable returns regardless of BOTH upwards or downwards price movement. (Delta neutral)

But critics never talk about this. Why?

Cos these critics don't know jack shit, that's why.

Again, this is the risk premia that the educated and adventurous are allowed to harvest. (supplement to understand the Nakadollar fixed rate bonds)

If you have any sort of financial background and the above 2 pieces did not convince you, 

then I have nothing more to say other than that you're pretty much destined to

Have Fun Staying Poor.

Thursday, April 8, 2021

Magical Money Printing Crypto Trading Bot?

Automated trading bot that uses advanced AI and machine learning?

Magical secret guru taught technical analysis method and top secret indicator to make money?


You how old, still get tricked by stupid lies?

Whether or not Torque was actually legit and the rouge employee screwed them over, or if it was a scam all along, I do not know. But my personal opinion on this matter when people had asked me about it privately was that I thought it was definitely a scam.

The ironic thing is that some people in the space think that I am the evil bad guy tricking people to burn their money gambling into crypto ponzis, or even worse, an outright scammer.

You better read my blog properly hor. I never ask you to buy anything. 

I just say what I myself am doing and thinking, and then ask everyone to have fun.

See, I am such a cheerful and happy person, right?

What baffles me is actually how common it is for people to be naive enough to think that a group of very kind professional people have found some magical money printing trading robot, and will happily share their secret winning formula with you.

You knock your head, is it?

I can't save everyone.

But if along my way I see people that I can help, I try my best.

Pump groups are a scam.

Paid groups are a scam.

Trading bots are a scam.

Trading seminars and courses are a scam.

Magical guru developed trading systems are DEFINITELY A BIG FUCKING SCAM.

A fake "G" ever contacting you for any reason at all is a scam.

Most things in crypto are a scam.

That's why 99% of this trash gets burnt down at the end of every cycle for -99%.

If you believe that some professional looking guy with a "track record" can teach you magical ways to make money, there's something wrong with you.

This always remind me of the fish tackle story:

A man walks into a fishing shop and see all sorts of different coloured and shaped fish tackle and remarked to the shopkeeper, "WTF, do fish actually fall for these different tackles?".

And the shopkeeper replied, "Ser, the fish aren't my customers."

Good luck and stay safe.

Wednesday, April 7, 2021

Cash is Trash, Particularly SGD

I read this post by FYI on Syfe Cash+ and others.

I've also recently seen other bloggers post about the different savings accounts and fixed deposits-esque products around the local market.

It is absolutely depressing AF.

Over-collateralized crypto USD lending is between 4-11% on Compound.

Over-collateralized crypto USD lending is between 5-23% on Aave.

Non-DeFi, regulated custodial lenders are offering 10.5%, like Celsius.

There's so many more options too, from higher risk yield aggregators to yield farming, but if you cannot even grasp this absolutely rudimentary idea of overcollateralized lending, those concepts will unfortunately be outside of your IQ grade.

Imagine investing in dividend stonks, or REITs, or even worse, buying a condo to collect 2% net rent.

Actually it might be better to compare to short duration bond funds or money market funds, since possible downside risks are somewhat similar.

Doesn't really matter to be honest, tradfi people simply cannot grasp how absolutely skewed the risk/rewards are. Lower returns is the price of being risk-adverse and uneducated.

B-b-b-b-but foreign exchange risks!

So confusing and complicated!

Custodial risks!

Crypto risks!


Have fun staying poor.

I'm just saying that alternatives exist.

Your choice if you want to stay uneducated, or be....

Well, I would say "woke", but I recently found out that a certain salaryman that I had considered to be very woke is actually not very woke at all.

Tuesday, April 6, 2021

Operation Pasta Preparation

If you're a crypto native, you probably know what that title means.
It is our shared culture, history and hence, our secret code.

I have no idea how this market ends, but one thing is for sure - it cannot go up forever.

A few people have fallen for the "Supercycle" Meme.

But, consider this:

Even if fiat is in decline and eventually becomes worthless, does it happen overnight?

There are plenty of normies and institutions that lag that will cushion the hyperinflation and death of fiat, if it ever comes to that. Plus we as crypto-natives are not only more sensitive to such changes in the wind, but we are also more flexible in both mind and process to shift back our allocation to be heavy crypto if the world is indeed falling apart.

Eventually, the crypto markets will hit its maxima interest of this cycle. I am already seeing complete crypto skeptics throwing in the towel after years of calling it a scam targeted at the low-IQ, to finally dip their low-IQ toes in themselves to see what it is all about.

What happens after the last of these get convinced?

Who are the marginal buyers left in this market?
How much money do they still have left?
Who's the last sucker that will buy the top and hold bags down?

These are questions I ask myself all the time. I do not have the answer.

I don't want to be bearish because I am honestly and truly an omega crypto bull at heart - I have been in this space for years and I live breathe and use all these cryptocurrencies and the dapps on a daily basis. They have plenty of utility to me.

But the marginal buyer is not entering this space to access decentralized finance and claim back sovereignty over their finances.

The marginal buyer read about some spastic blogger living in Singapore who made 8 digits from digital internet ponzis and would also like to get rich quick. 

My current thinking is pretty much still the same as what I wrote in mid Dec 2020, the only difference is that the market has both matured in price and cycle progression. I am up multiples (plural) since the date of that post.

Imagine coming in now, at the all time highs of price and interest, playing against idiots like me who got literally scammed and forced into having 8 digit wealth and are sitting on 4 digits % returns on cost because we bought in more than 10x cheaper than the current prices.

I do not know how this market will play out.

Of course, I hope that it continues to scam up higher. Scam me into multi-generational wealth and into several reasonably sized houses - I will be okay with that.

However, as much as I want to believe in the supercycle meme, my opinion is that it definitely does not apply to many altcoins and it is unlikely for the fiat-crypto chasm to be crossed to quickly by everyone, especially for retail.

The plan for coiners to take profit is always the same:
- simply hodl til the day you need to / want to realize your probably massive returns
- take a bigger risk and hope that you can locate the top to dump, so that you can buy back more lower

I don't particularly think either way is better, it just depends on your own confidence of your personal abilities to do what is best for your long term portfolio (assuming you believe owning more coins is the main goal in the long run)

Perhaps I am being too cautious too soon and too early, but for early coiners (superior subspecies of humans that bought BTC before $20k), you're likely sitting in deep and healthy profits. Use these to level up your life and don't lose it all back to the markets.

Don't get me wrong though - this is not me saying that the market has topped.

But rather, this is just a reminder that some day, some how, you, a coiner, will need to sell (some) coins.

I hope you have an exit strategy to play.

Personally, I have already outlined my strategy since December and it is still the same. I will slowly start selling once we go parabolic, but I have also set aside a permanent stash of crypto that I will never sell.

Me selling only some coins along the upwards parabolic move is my bet that I am able to time the market so that I can buy back even more coins at a lower price later. Is it a risk? Of course, nothing is certain.

This strategy is okay for me because I spent the last few years hoarding a metric f*ck ton of coins with the express purpose of selling it fairly to suckers that are happily overpaying for things that they do not understand.

Also keep in mind that I have already cashed out millions - so do I actually need more fiat, especially SGD? What am I going to do with more SGD? (Btw, I have been progressively booking profits because I am not a fan of pasta)

Buy "condo and rent out for investment"?
Buy "SGX stonks and collect dividends"?
Top up CPF for 1M65?


Exactly my point. 

There's little reason to cash out to SGD if you have nothing good to spend it on. I might as well keep them in my digital rat poison ponzis if the only other options are condos and stonks.

If you actually thought that condos and stonks are a good diversifier, you might have a bad case of the tradfi banker finance boi thinking - that crypto is a one-and-done, get-rich-quick, then take all those profits and put it back into the old school nonsense, HFSP sort of thinking.

Don't think so much about no-coiners, unless you want to join them in having fun staying poor. Who cares about them? Their opinion means nothing in the world of crypto and coins. They have an opinion? Cute, but worthless. Unless they plan to short the markets, they have no power in our realm.

But anyway, I digress. That was tangential to my point and was just me trolling the tradfi HFSP bois.

I wish all my fellow coiners all the best.

My advice is focus on the things that matter to us, here and now. 

Do not to be too greedy and do not think about how much more you want to make - but instead be realistic and simply question how much higher the market can go, when and why.

The enemy of coiners at this point will be our personal greed and inability to accept reality because of self psyops of believing in the supercycle.

I wish you all the best. 

Even the HFSP guys - you can watch how this cycle plays out, again. Maybe you will join the next one. Or the next next one. It is never too late to buy my bags at higher prices. Maybe I can sell you my coins next time for 1000x my cost instead of 100x.

Monday, April 5, 2021

How To Be Rich

Also, no Starbucks

Caipng only.

Trolling aside and honestly speaking, I have come to realize that cutting expenses is the last thing people should be focused on, unless they are frivolous people to begin with. It makes much much more sense to focus on increasing returns through skills and productivity, than to penny pinch.

If I had to give advice to my younger self, it would be to take a step back and thing about solving your problems in a smart way, rather than just diving in head first and getting your hands dirty doing things in the most wasteful and silly way - merely because that is what everyone else says and does.

Everyone wants to be spoon fed the "right way".
Everyone is risk-adverse to a fault, in my opinion. 

You think you can live life without taking any risks and still have lots of upside?
You want to be extraordinary, but you do the exact same thing that everyone else does?

It must be nice, being delusional.

Also as a side-note, for the crypto players, please remember to bank profits along the way. If you f*ck it up this time - again - I don't know what else to say.

Thursday, April 1, 2021

BlackRock bought BTC Futures

BlackRock held $6.1m of BTC futures as per their filing.


So many people falling for this ponzi scam.

Next thing you know, banks will finally offer it to the peasantry after it is over $100,000 USD per coin.

Investment funds will announce how they've owned it for months.

New ETFs and unit trusts will pop up that allow them to buy it.

Pension and Sovereign Wealth Funds infinite bid.

Maybe even... CPF-IS allowed limits to owning some?


All for a non-cash flow generating ponzi scheme! 

Very strange.

Very strange indeed.

If I was them, I would buy SGX listed stonks so all sinkies can huat together.

Yes, I am very patriotic.

Anyway, Have fun staying poor!

Sunday, March 28, 2021

Soros Asset Management CIO on Bitcoin


But Bitcoin still probably a scam though.

Btw, I heard topping-up CPF is a good long term strategy.

Have fun

Friday, March 26, 2021

HFSP Mandate

Governments are looking to buy Bitcoin, NYDIG CEO confirms

Maybe full of shit.

Maybe legit.

Who knows?

Our gahmen will never say, for "national security" reasons.

Not trying to cause you to FOMO.

Just saying that if I didn't have any crypto, I'd be concerned.

Luckily I have lots of all these worthless digital rat poison ponzi coins.

Gahmens may or may not be buying Bitcoin.

Billionaires are buying Bitcoin.

Companies are adding Bitcoin to their treasuries.

Institutions are recognizing it as an asset class.

Tesla is accepting Bitcoin as payment for their cars.

Yet, DBS "Digital" exchange is only for $5M+ clients.

The crypto purchasing limit through Xfers is $30,000 annually for us regular peasants. 

That's not even 1 Bitcoin.

Actually, it's not even half a Bitcoin anymore either.

Perhaps it's government mandated policy that everyone except the existing ultra-wealthy should 

Have Fun Staying Poor.

Tuesday, March 23, 2021

Have Fun Being CPF Rich

Personally, I prefer having liquid crypto (stable)coins earning decent to even obscenely high yield, which can never be seized by any government or entity, in my complete control, that could be quickly converted to cash in my bank, unlocked and available for me to spend or move with no restrictions on transaction limit or time of the day.

But hey, that's just me.

You do you.

It's a free world.

It's not wrong to choose poverty over wealth. 

Everyone has their own preferences.

No right, no wrong.

In the end, it's just money.

I hope you're having fun being CPF rich.

Personally, I have fun staying poor.

Friday, March 19, 2021

Bank-mandated Have Fun Staying Poor Policy

Weird how buying digital rat poison is a premium product reserved only to scam those with the most wealth.

Also weird how billionaires are buying it. Must be part of an elaborate ruse to scam the plebians.

Luckily the kind and noble banks prevent the stupid and poor peasantry from toying with such scams.

As they say,

The rich get richer.

Have fun.

Thursday, March 18, 2021

Rich from Crypto, or Rekt by Crypto?

Crypto is getting hyped these days.

Why wouldn't it be? The crypto industry is printing out new millionaires daily.

Everyone is getting hilariously rich and you are not. At least you're having fun, right?

But as always, when new fresh dumb money starts coming in, that's the signal that the party might be ending.

If you are here to make quick money, best be sure you're not just here to be my exit liquidity.

In the long run, crypto will likely be one of the most impactful technological advances of our society.

In the short run, riches will be made and lost.

Most will not make it.

Good luck.

Don't say I didn't warn you.

Okay, I will go back to shitposting and making fun of nocoiners after this. HFSP.

Wednesday, March 17, 2021

Astrea VI Bonds and Bonds in general: No

Why buy bonds?

Interest rate risk. 

Default risk.

Crypto lending?

100%+ OVER-collateralized loans

with 24/7 perpetual on-going PROOF OF SOLVENCY

with liquidation bots ready to margin call loans at SIGNIFICANT buffers (5-25% buffers)

with optionality of YOU, YOUSELF, triggering the liquidations if the professional bot runners / liquidation bot bounty hunters are not doing their jobs properly and getting paid to do so while protecting your own investment (but why wouldn't the bots do it properly if there are monetary rewards?)

that pays between 6-14% in USD

with zero-interest rate risks

and no duration risks, lock in risks?

Or take on custodial risks with the likes of BlockFi and Celsius,

and earn between 8.6 - 10.5%?

Or move up the risk ladder and add-on smart contract and composability risks in return for earning between 15-90%?

But naw.

Too good to be true.

Sounds like a scam.

Actually even compared to equities, it's almost a no-brainer.

Imagine if people were actually smart enough to take advantage of this information assymetry.

Luckily Warden Bufflet has groomed and conditioned a whole generation of massive cucks.

Have fun

Wednesday, March 10, 2021

I personally do not trust financial advisors

 Source: After Buying Her Own Condo, This 29-Year-Old's Next Goal Is To Be A Millionaire

> 29

> formerly a relationship manager at a bank

now a financial adviser of an Independent Financial Advisory firm

bought the Chanel Boy handbag, the Audi A3 Cabriolet (now wrapped in satin pink), and of course, the private property – a 2-bedroom unit at Bartley Ridge condominium

bought the 2-bedder unit at $1.1 million, paying a whopping $500,000 in cash and $100,000 from her CPF Ordinary Account for downpayment.

> "... I am more conservative and don’t dabble much in investments or stocks to grow my wealth, so I thought property is something I can explore”

paying a whopping $500,000 in cash for downpayment

don’t dabble much in investments or stocks

now a financial adviser

Suspicious? Perhaps.

How she made her $500K cash savings along with enough for her car plus living expenses along the way without "dabbling much in investments or stocks" until her first condo at 29, I suppose will be the biggest mystery of all.

Financial advisors do NOT need to make money following their own advice that they give to clients. They make money from clients paying them to hear advice from them.

Why buy stocks and shit when you can get people to pay you to tell them to buy stocks and shit?


I love how absolutely broken the incentives are in our financial industry.

You can wait for regulations to fix this, or you can search for better alternatives. Perhaps something along the lines of Decentralized Finance? Oh, too radical? Okay, 4% in the SA for you then.

Personally, I can confidently say that I made my money from buying in early into disgusting rat poison squared digital ponzis so that I can be on the top of the pyramid MLM, but yet the math still actually adds up and best of all, is verifiable on a public blockchain for anyone to check, if they bother enough.

Imagine double digits - or worst, single digits - annual returns.

I'd kill myself.

Triple digit annual returns or GTFO.

As a side-note, I really dislike how it is so ingrained into the average Singaporean feels that the only "good" investment is buying a private property and renting it.

But hey, we all get to choose our own way of how we want to Have Fun!

Tuesday, March 2, 2021

$100,000 a month passive income - enough to F.I.R.E or overkill?

(it's in USD)

APPARENTLY, this is some nonsense called AAVE-ETH BPT 80/20 SM STAKING.

To be honest, I don't really understand all this criptoe current seas blockchain mumbo jumbo.

So this looks fake to me.

Possibly photoshopped.

Or maybe a scam.

There's no way this is real money.

No way, simply not possible.

It has to be just another one of the thousands of fake worthless internet money.

Buy SGX dividend stonks huat together.

No Starbucks.

Cai Png only.

That's the only true, tried and tested, real way to FIRE.

Don't let anyone else tell you otherwise.

Friday, February 26, 2021

Crypto Bloodbath 2021 Edition


Bitcoin *CRASHES* from $58,500 to $45,000.

Are you worried about my ponzi crypt coins?

Even if BTC crashes down -85% like the previous max drawdown, it's still going to be higher than my cost. 

Considering that the bulk of "early" participants from pre-Nov 2020 entered at between $4,000-$12,000, I think most crypto holders would be fairly comfortable with their positions.

Oh, I also recently heard GIC was a lead investor in a crypto fund?

Weird that they are investing in valueless digital ponzis used by criminals and terrorists.

What are they thinking? Disgusting and immoral.

They should just buy more SGX stonks so that all the sinkies can huat together.

Good idea right?

G for Minister of Finance.

Monday, February 22, 2021

Too Smart to Buy Bitcoin, Too Dumb to Sell Bitcoin

It's a simple fact that the Yuppie class (middle-class, city-dwelling, well-educated with well paying jobs) will be the last to board the cryptocurrency train. Incidentally, most financial bloggers fall into this category. 

They will FOMO buy the exact picotop by the absolute cent, to which the entire market will nod at each other silently, and start dumping in unison. These yuppie buyers will proceed to hold rekt bags of ponzi coins while cursing at it as they come crashing down - as they always do, at the end of every cycle. 

And then when they are drowning in maximum despair and depression,
They will throw in the towel and sell them all back to me.
At the exact picobottom.
By the absolute cent.

And then we get our next bull cycle.

Always remember to 

Have Fun Staying Poor

For further reading: 
(written in Aug 2020, when the price of Bitcoin was $11,500)

Tuesday, February 16, 2021

FIRE with Digital Coin Ponzis

Broke: Paying expenses from interest from SGD savings accounts / FD / CPF / dividends / coupons

Woke: Paying expenses from interest from crypto USD stablecoin lending / liquidity provision

Bespoke: Paying expenses from interest from crypto lending / liquidity provision / cash flows

Wait a minute. 

Crypto generates interest? 

Profits? Rights to cash flows?

An interesting point to note is that someone's public ENS alone is generating ~$100,000 SGD a month from staking interests and rights to fees.

But naw, couldn't be. 

That sounds like a scam.

Stay safe, and remember to

Have Fun Staying Poor

Monday, February 15, 2021

Proof that Bitcoin is going to $0 this year

Bitcoin Yearly Lows (in USD$)

2011 - $0.29

2012 - $3.80

2013 - $12.77

2014 - $275.00

2015 - $152.40

2016 - $350.92

2017 - $751.34

2018 - $3,128.89

2019 - $3,322.19

2020 - $4,000.00

2021 - ????????? but according to some people who have never owned any, probably $0

I hope everyone plays things safe and absolutely do *not* buy into this investing fad.

These "coins" are all unregulated and have no intrinsic value. No cash flows!

The gahmen will never allow any of these "coins" to have any real value.

Imagine having any amount of money in these "lottery tickets"? Better off buying Toto.

Have fun investing in SGX stocks!

If you really stop and think about it, Bitcoin looks like a pretty shit long term investment.

When the inevitable crash comes and prices goes down to like $10,000 a coin, I guess I'll just 

have fun staying poor. 

Tuesday, February 9, 2021

You Will Never Buy Bitcoin

The year is 2021.

You pick up your smartphone,

and read online news.

"Tesla buys $1.5b of Bitcoin."

Wow, Elon got scammed to buy Bitcoin? 

What does the ex-CEO and former largest single shareholder of PayPal know about digital money?

What does the world's richest man know about money?

Apparently not much.

Definitely not more than you,

since you know that Bitcoin is a scam.

You look up the price of Bitcoin.

1 Bitcoin is $60,000 SGD? Joke.

It is very funny to you,

since you know that it is *actually* worthless.

Arrogant crypto boys that got lucky are everywhere spamming,

"Have Fun Staying Poor"

Very Funny. Not.

When Bitcoin later crashes down to...

maybe... $10,000? 

You will have the last laugh.

You think about your diversified portfolio in low-cost ETFs, high-conviction stock picks.

You think about your multiple insurance savings plans and whole-life insurance.

You think about your CPF retirement money.

You smile at your framed picture of Warden Bufflet.

You smile to yourself.

You relax.

No Starbucks.

Cai Png only.


Life is good.

Elon / Tesla buys $1.5 billion worth of digital scam ponzi coins

Wow, the world's richest man buying Bitcoin?

Against all the good-intentioned warnings and caution from retail investors and Warden Bufflet?

Elon must not understand how money works.

Strange - for someone that has so much of it.

Have fun staying poor.

Monday, February 8, 2021

Cryptocurrencies are a scam

8 digits at the public ENS. Probably fake though.

Also, cryptocurrencies are a scam.

Probably best not to own any.

Have fun staying poor.

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.