Author: Got Money, Got Honey!

Negative Bank Deposits in Denmark

Can’t make this shit up. Large accounts (more than 7.5M DKR) would have -0.6% rates. Denmark already has negative home loans at -0.5% lol. And while people are paying banks for the privilege of them to hold their cash (and allowing the banks to use the cash to lend out and earn a profit), I’m earning ~12% APR with my USD stablecoins, with no lockups. Sorry to say, but the world ain’t fair. You don’t do the hard work of educating yourself on what matters, you don’t get the same opportunities as people who...

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DGD is a BUY now???

I think DGD needs no introduction. I used to own a shit ton. I sold majority for disgusting profits. I exited the rest of my position at around breakeven. Recapped all of this in Jun 2019 when I was saying how DGD is crap and will never distribute their DAO funds. Well, guess what happened? Anyway, I’ve been an asshole on Twitter and I’ve been poking the shit out of their community on – blasting their crap capital returns, terrible yield and below NAV valuations. Also saying that their team is either incompetent or fraudulent. I guess their community finally...

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Crypto is Simpler than the Current Financial System

People think crypto is complex.Yes, it is complex. But compared to the traditional financial system?It’s friggin simple. Who decides how much money supply is there?Who checks how much money is there?Who can verify how much money is there?Who decides how much NEW money is printed?Who decides WHO this new money goes to?Why do these people get the new money? Why not you?Who can veto where this new money is going to?What say do you have in this system? I can bet that you can’t answer all the above questions about the traditional financial system. I can answer these questions...

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The Current Crypto Narrative

So, this is the current narrative that is going on, and will go on wrt the macro lenses of traditional investors. – USDCNH broke 7, CNHXAU broke 10,000 = China can’t keep their shit together– USDKRW broke 1200 = new Asia getting rekt as well– Japan yield curve inverting = shit gonna htf– US bond yields dropping– larger % of global bonds going deeper in negative yields (23% of all global debt, last I heard) Basically, negative yields means crazy shit is happening. How will most countries react to an economic recession, since they haven’t had to face a...

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Negative, here we GOOOOO

So yeah. Negative Bond Yields through…50 yrs: Switzerland25 yrs: Germany20 yrs: Denmark, Netherlands10 yrs: Japan, Austria, Finland, Sweden, France, Belgium, Slovakia9 yrs: Ireland8 yrs: Slovenia7 yrs: Spain6 yrs: Portugal5 yrs: Malta1 yr: Bulgaria, Italy — Charlie Bilello (@charliebilello) August 2, 2019Yields are dropping! That means bonds will go up in price, right? Like the 100 year Argentina bond? Oops, it went from $79.98 last year to $70.04. How… ODD. I’ve always found negative yielding bonds very strange. I was never taught about negative rates when I was in business school. Oh well. While people are buying negative yielding Bulgarian...

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Watch out for Interest Rates

It should be clear that I mostly blog about crypto these days. However, one of the things that I still loose keep tabs on is the interest rates. While everyone is getting giddy with fixed-income and fixed-income alternatives (like REITs) getting good capital gains YTD, I am very wary how long more it can continue. The yield curve has inverted in the middle, it looks retarded. Bond yields are going negative world wide and even in Singapore we are steadily marching towards that zero bound. Things look ugly to me. Just...

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Simplifying my Finances

Just excreting my thoughts out here on my blog, don’t mind my mess. People say I don’t blog enough, so here you go. I have bank accounts with the following banks: DBSOCBCUOBSCBCIMBCiti I have decided that I am going to cut away everything to just 2, maybe 3 banks. Still thinking, but haven’t decided yet. Probably will keep OCBC since the 360 Account is _okay_ and the 365 card is also decent. I spend most of my money on food, so that 6% cashback is a decent reward. DBS is actually the account I *USE* the most, because of...

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Crypto DCA Portfolio – Last Update LOL

Lol, well that was short-lived.Since 31st May til 18th June I managed to sink in 4 rounds of $500 into Binance.sg to execute my monthly DCA plan. Quick math will get you at 4 x $500 for $2000 capital. I also kept with the 40/40/20 split the entire time. So initial capital were as follows:BTC – $800ETH – $800BNB – $400 With those monies, I managed to buy these:0.0703 BTC2.303 ETH9.15 BNB The current market prices:BTC – $14930.92ETH – $400.08BNB – $43.82 At the current market prices, these crypto I bought are now worthBTC – $1049.64ETH – $921.38BNB –...

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No Position is Forever (Crypto Case Study)

Recap: I bought tons of DGD since mid 2017. I sold a lot in Apr 2018. I exited the rest of my position in Sep 2018. I warned everyone in Feb 2019. As of now, I am 99.99% certain that DGD will fail to achieve anything. It is extremely likely that in the foreseeable future, they will either: 1) pivot to do something else with all the DAO funds2) re-distribute back all the DAO funds While some people are extremely doubtful that they will ever distribute the funds back to DGD holders, I had a recent epiphany. Why not...

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Q&A on Libra aka Facebook Coin / FaceBucks / ZuckerBucks

Dear all, Since many of you are wildly ignorant (some willfully, some unintentionally) about crypto, I’ll do a Q&A in the comments section for any SERIOUS questions that you might have. I say “serious” because I know half of you dicks that just want to troll the “crazy crypto blogger”. That said, I’m willing to answer simple questions, or re-direct you to a better answer. References:Libra WebsiteLibra Whitepaper Top questions: Q1. Should I buy Libra?A1: I do not give financial advice.My private buy/sell signal group is open for 1 BTC / month, no refunds. email for details. kek.(This is...

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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...

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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:...

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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,...

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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...

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