This is a new development. In that over the 15 years of Bitcoin’s existence, we have never ever experienced a cycle, where Bitcoin witnesses a new all time high before the halving. In typical cycles, Bitcoin only breaches new ATHs months after the halving has happened. I’m not sure what this means exactly, but I think it means that we can throw away the old models, and that we’re right smack in uncharted territory. New Bitcoin All Time High of $72,755 Bitcoin hit a new ATH of $72,755 on 14th March 2024. Prior to that, the previous all time highs had already been breached twice, although both t ..read more

On the 10th January 2024, something happened that will definitely go down in Bitcoin’s history as an inflection point. It was the day that the SEC approved not one, not two, but eleven Spot Bitcoin ETF applications! The Spot Bitcoin ETF Applicants BlackRock The world’s largest asset manager with over $9.3 trillion in assets under management. When they applied for the spot bitcoin ETF, they brought not just their reputation, but also an amazing track record of ETF approvals. With the approval of the Bitcoin ETF, their record now stands at 576-1. Amazing. In fact, the odds against a spot bitcoin ..read more

As I shared in my previous trading summary post, I wanted to leverage the Bitcoin ETF hype and focus all my trading energy on RIOT Platforms. So I did. Here are the results: Realised P&L was $7,174.02. After deducting fees and holding costs, net profit was $6,373.19. With the exception of 1 trade on Meta, all other trades were executed on RIOT Platforms. I was doing really well, until the final trading day of 2023. I had debated putting in a trade, wary of sudden volatility. Ultimately, I went in, and all the crypto related stocks on the day tanked. Nevertheless, I’ve decided to hold on th ..read more

Those of you who know us, will know that Australia has been our go-to travel destination for many years, and remain our firm favourites, whether it’s the Margaret River-Perth or Sydney-Hunter Valley regions. It was starting to get a little too familiar, however. And so, for this year’s major vacation, we decided to head back to Japan, a country we last visited in 2008! Outstanding Osaka was our destination of choice, where the boys can enjoy Universal Studios Japan. We were concerned about language, cos any trace of Japanese I picked up years ago, was long gone. Fortunately, Google translate c ..read more

Recently, I re-started my trading journey with CFD platform CMC Markets. Day trading is never easy, plus the fact that I like to trade US equities makes it even more of a strain with the late nights. But with trading income being a core part of the strategy for SideHustleRich, I’ve decided to come back to it, slow and steady. I funded S$4,000 into the account in July, and here are the monthly highlights and statistics from Jul 2023 to Nov 2023. Given it took me a while to document these, it will be highlights, and from December onwards, I’ll try to put together a more detailed trade summary. J ..read more

We keep hearing the word inflation in the news. People are also getting more concerned about the true rate of inflation, the increasing money supply, and the negative effects it is having on our economy, our pockets, and our eventual ability to retire. I’m going to show you the devastating effects of inflation, and how flawed and sucky fiat currency is, in just 2 songs. 一百萬 by 黃一飛 (2001) Back when I was a kid growing up in the 90s, being a millionaire was like the ultimate dream. Released in 2001, the song, 一百萬, literally translated to one million dollars. Lyrics in the song included, “If I h ..read more

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OpenAI’s ChatGPT usage has seen tremendous and almost uncontested growth since their official release in November 2022. But now, Google has officially unveiled Bard, their response to ChatGPT. How do they fare in a head-to-head? Let’s find out. I will provide both AI platforms the exact same prompt, and will share their responses here, for everyone to judge which platforms provides a better response toward different types of queries. ChatGPT *exists* Fiverr hustlers: pic.twitter.com/Wtbav8Dr7C — SideHustleRich (@bityarb) April 17, 2023 AI explaining concepts (fractional reserve banking ..read more

As of today, Bitcoin has been one of the best performing assets across all assets, appreciating 72.5% year-to-date. It started the year at $16,530, and as of writing this, Bitcoin price has been bouncing sideways between $28,000 and $30,000 for close to 5 weeks now. In fact, the King of crypto has managed to close out all 4 months of the year in the green, an impressive feat considering the uncertainties and financial turmoil the macro economy is currently facing. We’re not sure how the month of May will pan out, but Jerome Powell has yet again raised interest rates, now the 10th time in a r ..read more

This is it. The time has come. Back in Jan 2022, I wrote about The Ben Mezrich NFT Project, a 3-NFT drop that layers up to a screenplay token that will be claimable by holders of all 3 NFTs. Ben was notable because he’s not a web3 native guy. He’s an old fashioned author, whose book “The Accidental Billionaires” has been adapted into the critically acclaimed film, The Social Network, starring Jesse Eisenberg. By August of 2022, all 3 NFT sets had been released, and of course I’d gotten my hands on all of them. Today, I finally turned the possession of all 3 sets into the final art piece, the s ..read more