
Got Money, Got Honey!
1,347 FOLLOWERS
Got Money, Got Honey! is personal finance blog written by a non-professional who shares his point of view as a retail investor. His blog is an open diary of his honest opinions about anything that has to do with personal finance.
Got Money, Got Honey!
4y ago
Twitter has been a generally good experience.
I met a lot of smart people and discovered many projects and also opportunities.
I met a lot of funny people that made the whole journey a lot more entertaining.
I would not have made as much money as I did, were it not for being part of Twitter.
However, now it is just a giant "zoom out" cope pity party. Honestly, it is very pathetic. A lot of people that I thought were good actors actually just have massive egos and have fallen for clout chasing and popularity, rather than actual money making. I have realized that it brings no benefit to my ..read more
Got Money, Got Honey!
4y ago
I have not been blogging lately.
I think those on Twitter will know why, haha.
If it was not obvious, I have been turning cautious and then bearish over the past weeks.
I did manage to sell huge chunks of crypto *before* the crash.
I am setting pretty with my stables, printing so much money, that sometimes it feels illegal.
I do not know for sure where we go from here.
Some people think we have an even bigger and more silly end of the year rally. I won't write it off, but I put that at low odds of happening, but I will play that if that is what plays out.
My default outlook is that we are in ..read more
Got Money, Got Honey!
4y ago
Quick post.
1. Stablefarmer until graduating from Degen school
Convert SGD to USD
Send USD to stablecoin tokenizers (Trust, Circle, Paxos, etc)
Send stablecoins to CeFi lending platforms (Celsius, etc)
Learn about DeFi yield farming
Level up and withdraw from CeFi and engage in DeFi
Learn about other yield strategies (AMMs) and what the tokens do
Finally buy some crypto and graduate into a crypto Degen
Take as long as you want to feel comfortable
2. Long time horizon
Buy BTC and/or ETH, slowly (maybe DCA)
Use only 1 metric to track performance, 3 YEAR RETURNS
That's it, that's the whole strate ..read more
Got Money, Got Honey!
4y ago
Did that almost give you a heart attack?
Haha!
It is a popular crypto meme.
I am not sure if this is a function of me being in the crypto markets for so long, or my just mental illness,
But I am largely unfazed about this crypto dump.
I have been steadily taking profits as we rode up and I am happy that I have done so.
I have built up a massive cash position over the past weeks, 8 figs worth of stables that are actively deployed and earning well in excess of 10% APY.
If you assume I am a pleb with only $10M @ 10%, that works out to be $83,333 a month.
But around these parts&nbs ..read more
Got Money, Got Honey!
4y ago
Quick post.
I actually had a draft post about why I think BlockFi is a very risky custodian to park your assets with, but I never got around to finishing it up and posting it.
2 reasons.
1. They are mega cucked on the GBTC "arb" trade.
2. They screwed up a promotion and credited people with BTC instead of USD (ie. credit 100 BTC instead of $100), and apparently people managed to withdraw BTC before BlockFi realized they were processing withdrawals for people that actually don't have any BTC.
I migrated from BlockFi awhile ago. With their really low rates and all their problems, I think th ..read more
Got Money, Got Honey!
4y ago
If you read my recent low troll post, and my 2020 year end closing post, you would know that although I call crypto digital rat poison ponzis all the time, I am a long term crypto omega bull.
I firmly believe that we will see the separation of money and state within our lifetimes and it will be because of crypto.
Will it be Bitcoin? Or Ethereum? Or something else? I do not know.
But the really rich and highly educated people no longer debate whether Bitcoin or Ethereum is a scam anymore. Merely asking that question is a self-dox of being a cockroach tier low IQ tradfi NGMI HFSP no-coiner.
They ..read more
Got Money, Got Honey!
4y ago
CPF 10M65?
No no.
How about, Crypto 10M35 instead?
Also, value is in USD, not gross SGD.
Have fun staying poor ..read more
Got Money, Got Honey!
4y ago
I used to think 1M65 was stupid.
And then I heard of 4M65.
Now we have a new challenger.
It just keeps getting better and better.
https://dollarsandsense.sg/singaporeans-10m65-cpf/
Step 1: read that post
Step 2: think its a good idea
Step 3: do it
Congratulations, you're the winning loser!
Have fun being CPF rich ..read more
Got Money, Got Honey!
4y ago
Hello dear reader.
I get a lot of feedback about my writing style and the persona that I adopt - some of you absolutely hate the arrogance that oozes out of every pore of my existence, some of you are thrilled and squeal with delight everytime I drop down the "HFSP" hammer on the no-coiners tradfi bros.
Truth be told, there is no need for me to be another basic crypto cheerleader. Across the various social media platforms, there are plenty of people willing to shill you crypto at all different levels, from multiple point of views. But for obvious reasons, that strategy fails to target the comp ..read more
Got Money, Got Honey!
4y ago
This is the M1 money supply in Singapore.
Some notes:
- Between slope 1 and slope 2, this small thing called the Great Financial Crisis happened.
- I wonder what slope 4 would look like?
- Slope 3 looks kind of steep. I wonder what happened in 2020?
M1 increased by 37% since 2020.
Oh, your investments didn't go up by at least 37% since 2020?
Seems like you're down with a bad case of late stage NGMI.
I have the cure, but that requires you to take the red pill, which most patients refuse.
If not, the best that I can do is prescribe to you the HFSP placebo to treat the symptoms while you ..read more