Category: Got Money Got Honey

Quick Crypto Musings

– the hype in the space has been mostly cleared imo- most of the quick flipping degens have either rage quit, or are down at least -50% from capital (stuck, refusing to book a loss)- BTC and ETH looks great to me (I am contrarian)- ETH looks much bette…

A Traditionalist Approach to Bitcoin

Here’s Bill Miller’s take on Bitcoin.

It’s a very good take.

Paraphrasing:

– uncorrelated asset
– put 1% into it
– anyone can afford to lose 1% of their portfolio
– it’s a positive expected return lottery ticket

Bill Miller says Bitcoin is interesting but that most cryptocurrencies worthless https://t.co/keSepOKmkH pic.twitter.com/2bkHSiHa5L

— Bloomberg TV (@BloombergTV) July 27, 2018

I am so balls deep into crypto now that I feel like an expert on money and incentives.

Funny thing is, most people, even investors, have shit knowledge on money itself.

Making money? Easy.
Spending money? Easier.
Saving money? Great.
Investing money? Not too shabby.

Defining money? Wait u say mot m8?

Most people can’t go any deeper than “because my government gives it value and backs it up”.

Okay.

If that’s good enough for you, then great.

The next crypto bull run is going to be madness. Mass media all have an ear out and someone covering crypto. Crypto is near the tipping point of being treated as a niche investment at traditional institutes. At this point, nearly everyone in the world knows about Bitcoin.

Everyone knows that Bitcoin was $0.01, then $1, then $10, then $100, then $1000.

Next thing you know, we’re at $10,000 and everyone is kicking themselves for missing YET ANOTHER opportunity to buy it.

The Lindy effect is already taking root and I think we will see even more mania in the next bull run.

As of now, except for the die-hard crypto community (which is tiny), people either have tiny exposure to crypto, or not at all.

Some people will say Bitcoin is not income producing. They are right, it is not.

Some people will say Bitcoin is not an asset. They have been wrong since 2009.

Some people will tell you not to invest and gamble into strange ponzi tulip schemes.
Of course you should not.
Also, Bitcoin is not a strange ponzi tulip scheme.

At the end of the day, the problem with forming an investment thesis on Bitcoin and other cryptocurrencies is that most people are just not willing to go deep enough back to the basics and strengthen their foundational knowledge on money itself.

The Govt should NOT bail out Hyflux

I read this post by Blade Knight from Dividend Passive Income talking about the Hyflux shitshow.As many know, I rarely go out of my way to call out really trashy investments, because let’s face it, a lot of investors are irrational and will gladly and …

Co-ops before Co-ops were Cool

With the recent 2 co-op articles pumped out by Dollars & Sense (one of the few financial blogs that I hold in high regards) and by SG Budget Babe (fellow crypto warrior), I thought it’s time that I dug out my old posts on co-ops.About 2 and a half …

Crypto Securities coming faster than you think

Note: I drafted this post on 7 June 2018, not sure why I didn’t post it.——————————————-Remember my post just a while ago talking about crypto securities?The wheels are in motion by both Coinbase and Nexo.So institutional cus…

17 Jul 2018 Update

Crypto markets suddenly turned bullish on a dime.Coinbase greenlighted for securities.Blackrock rumours.Billionaire Steven Cohen gettting into crypto.CIA positive?South Africa’s financial firms adding cryptoIndia to regulate instead of ban cryptoEve Bl…

Crypto-incrementalism vs Crypto-anarchy

What is crypto-incrementalism and crypto-anarchy? This article is a fantastic read on that.I would like to clarify that I realize that I quite identify myself following crypto-anarchy, and that quite affects the way that I think, the topics that I…

Inconvenient Insurance Pills to Swallow

1) No one in Singapore needs whole life insurance2) Most insurance agents will immediately pitch you a whole-life insurance or an ILP (which you should not take). You should not continue dealing with them.3) Most agents have extremely poor knowledge in…

BEST Article on Stablecoins so far

This article is really, really good.It’s no secret, I am a big fan of stablecoins. I was really heavy into DGD, but I took disgusting profits from it’s rise later on. Enough profits that my remaining position is free and I pocketed profits just from wh…