Since my last post, crypto tanked – again – and made fresher lows.A lot of people might have suspected that I have killed myself with crypto tanking so hard like a beech lately.Unfortunately, I am still alive.With the markets making crazy moves, I’ve b…
Category: Got Money Got Honey
– 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…
Here’s Bill Miller’s take on Bitcoin.
It’s a very good take.
– 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”.
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.
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 …
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 …
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…
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…
“Passive income”, “income investing”, “yield investing” are the fashionable investing trend buzzwords of our time.If you thought that only traditional investors can be blinded by yield and end up completely overlooking fundamentals and only focusing on…
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…
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…