Author: Got Money, Got Honey!

Crypto DCA Portfolio – Update #1

DCA Portfolio – The Beginning ICYMI, I’m doing a DCA with a 40/40/20 split into BTC/ETH/BNB. So, quick update. Started on 31st May. Bought another 2 times over the following 2 weeks. Today is 19 days later, and I’m up 11.6%. That’s 0.61% returns a day.Or annualized it’s 822%. Seems about right for crypto, LOL. Friendly reminder that my referral link is here and you’ll get $10 when you complete the KYC and make your 1st $100 purchase. Good news is that Binance SG has dropped fees from 0.8% to 0.6%. This is ridiculously low. It’s insane. Even though...

Find Out More

Facebook launches its own Cryptocurrency

Here it is: https://libra.org/en-US/ Anyway, if by now you still think crypto is a ponzi / scam, there’s really nothing more that I can say. If you also think that somehow FaceBucks competes with Bitcoin or Ethereum, then clearly you don’t understand much about the latter. Happily stacking my “real” crypto and earning low-risk 7%+ returns on my crypto-USD that is living in the crypto world. You know, I honestly still think that it’s early for crypto. And as everybody knows, the first rule of FOMO is that if you want to FOMO, you should always FOMO early. PSA:...

Find Out More

Crypto DCA Portfolio

Hey guys, With Binance SG finally live to purchase BTC, ETH and BNB with SGD, I thought that it’s a good time for me to make a small portfolio to show you “normies” that this is all you need to capture most of the value in the crypto space. I’ll be doing a DCA with a 40 / 40 / 20 split into the above coins through Binance SG. So yeah, I’ll come back and talk about this from time to time. Few things to note:– need an Xfers account– fee is 0.8%– min purchase is $20 That means,...

Find Out More

Don’t you just love Negative Rates?

— Michael A. Gayed, CFA (@leadlagreport) May 25, 2019What is an Inverted Yield Curve? “Historically, inversions of the yield curve have preceded many of the U.S. recessions. Due to this historical correlation, the yield curve is often seen as an accurate forecast of the turning points of the business cycle.” When you lend money to the government for 30 years, you get back negative returns. Just let that sink into your brain for a bit. But don’t mind me, I’m just a cuckoo crypto...

Find Out More

Crypto HIGH YIELD USD Savings Accounts?

I’ll be quick, so less story and talk cock from me. In crypto, there are things called “Stablecoins”. They are called stablecoins because, obviously, they are SUPPOSED to be stable to that thing that they are tracking. Why they exist. How they exist. Out of today’s scope, please do own reading. Stablecoins exist in a lot of forms, but most commonly in USD. For USD, there are quite a few stablecoins. To name the top few:USDTTUSDUSDC etc, etc. Now, with these stablecoins, you can earn anywhere between 6-15% APR on them. With no lock up. Interests are usually calculated...

Find Out More

Crypto: Educated Criticism or Professional Larper?

“If you don’t understand how fiat money works, you’re not qualified to judge whether cryptocurrency will be successful or not, period.” And that’s the gist of this article, which I fully agree. People that I’ve talked to that has pushed back hard against crypto will usually give the same arguments that people were already talking about in 2012. “Something so volatile cannot be money.” “People will not use it.” “Governments will not allow it.” Tell this to anyone who is deeply involved in crypto right now, they’d probably snort. Most people cannot understand the concept of money, and worse,...

Find Out More

G, should I buy back crypto?

Hello my intelligent and astute readers of my dying blog. I hope those of you that follow my are amused but also educated by the content that I pump out. Anyway, just want to say, wew look at crypto. woke up this morning and looked at the charts Dec 18 hella looks like the bottom to me, so i decided to buy a boat load of ETHhow much? well let’s just say with that purchase alone, i could run **a few** staking validators pic..com/dHcbKNPGBm — 찌 G じ (@DegenSpartan) February 3, 2019For context of those tweet above, see...

Find Out More

Uber / Lyft IPO

Lyft performance since IPO:Investing in millennial brand name companies have been a fantastic recipe for disaster. Look no further than Go Pro to see how terrible it would’ve been. Anyway, just wanted to put this out here. — Colin Charles (@bytebot) April 14,...

Find Out More

US Govt Bonds have a 0% Chance of Default

Not I say one, but former Fed Chair Alan Greenspan say one hor. You can’t make this up.Former Chair of the Federal Reserve of the United States A.Greenspan:“The United States can pay any debt it has because we can always print money to do that” pic..com/ioxOplSEh5 — Fractalwatch (@Fractalwatch) March 28, 2019 If you need more money, just print more money lor, easy...

Find Out More

DGD holders all just had a collective brainwave

The reddit thread in question is here. Here’s the tl;dr cos I know y’all lazy:– OP is a DGD whale since ICO– OP has market made DGX at losses– Digix team too humji to take risks– a lot of holders want to call it quits– a lot of holders want to be able to withdraw ETH from the DAO Guess what? Not going to get approved. You don’t have to look too far to find out how concentrated ownership is. Y’all lazy so more math from me:51% is held by the top 10 addresses.67% is held by the top...

Find Out More

Can’t Get Caught Without Any Evidence

Interesting news piece.You know, governments REALLY hate it when you move money around which you didn’t pre-apply for approval? Hehe. There’s both an exhilarating sense of freedom and fear when you own cryptocurrencies. Exhilarating freedom that you can just up and go anywhere and disappear with all your networth.Exhilarating fear that 1 missed character or 1 misstep gets all your crypto stolen or destroyed. You know who should be knowing how much, when and to whom I’m sending money to? Or receiving money from? Mr. NoneOfYourFuckingBusiness For countries with extreme capital control measures and forced their citizens into holding...

Find Out More

Singapore Yield Curve How Ar?

Come, today Brother G make you smart. 1. Go to here: https://secure.sgs.gov.sg/fdanet/BenchmarkPricesAndYields.aspx 2. SGS Prices and Yields – Benchmark Issues 3. 2018 > Nov > 2019 > Mar > Daily 4. Click “Display” Magic. Interesting dates: 29 Nov 20181Y = 2.04%2Y = 2.02%5Y = 2.17%10Y = 2.40% 31 Dec 20181Y = 2.04%2Y = 1.88%5Y = 1.90%10Y = 2.04% 25 Mar 2019 (Today)1Y = 1.99%2Y = 1.90%5Y = 1.92%10Y = 2.04% Does anyone know what this means? I try to explain it to you. Today, if you lend the gahmen money for 1 year, you will get 1.99% APRToday, if...

Find Out More

Dat Inverted Yield Curve

US yield curve inverted this week w/ 1-yr yield moving above 10-yr. Last 3x that happened after long period with + slope…1) Dec ’05 (S&P peak: Oct ’07, recession: Dec ’07).2) Sep ’98 (S&P peak: Mar ’00, recession: Mar ’01).3) Jan ’89 (S&P peak: Jul ’90, recession: Jul ’90). pic..com/IaP12TGd6g — Charlie Bilello (@charliebilello) March 23, 2019 Presented without...

Find Out More

Like us on Facebook

Follow us on Twitter