Crypto Winter? What’s Web3?

Shucks, I know that feeling of a downward falls after going through that high peak and stuff. My portfolio suffered and I decide to shut off the app and come back in another 5 years. 😝

It’s obviously a coordinated move by the institutional and with all the geopolitical stuff happening, this hit was exceptionally bad. However in Crypto, the other way from down is up so give it some time, the bounce back will be real. #HODL

As I took a break from the intense rat race, I realised a few things that there’s a paradigm shift from the concept to creation and many focus too much on the hype instead of what the exact values it can bring.

I came across a few projects and while chatting over dinner with D, Martin and 2 business associates previously, we spoke about the essence of Web3. Alot of people have the misconception about it bring just a digital economy focusing on virtual currency.

I personally feel its more than that. Blockchain is a technology that highly emphasized on being a trusted and secured network. Note the difference yeah~ D’s POV is that it’s decentralized, no monopolization of regulators making it a fair and unbiased view. I think it’s very important and it’s a huge step to leap, be it from a technology perspective, a hedge fund perspective or anything else in particular. 🙂

Am looking forward to it as the new generations are a generation who are more open minded with decentralized economy as compared to other generations.

Winter or not, it’s really HODL and to phase this out with time and a wise eye.

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Short Trading in Crypto

Just realised that it has been some times since I updated this space of mine. Life has been great when I took a big leap of faith to leave NTU to focus on Piggyback and the businesses, at the same time, rebuilding myself as it will soon be one year since it had happened.

I’ve been trying my best to overcome all the negative emotions and putting my energies on myself, kiddos and etc. And even crypto.

Got to admit that I still suck at short trading. The moment I sold on 30 April 2021, it mooned another 20% within the next 12 hours. LOL. Hopefully my $GRT will give me that bang for my bucks in times to come.

Looking back perhaps I need to change my strategies to do short trading. E.g instead of selling what I bought, perhaps I should sell my base value worth.

E.g. I used SGD 1,500 to buy in $GRT at 1.68 thus giving me 885 $GRT and perhaps next time I should sell $1,500 worth instead of selling 885 $GRT to get like a 20% profit margins. HAHAHA.

Just wondering if this will work. And I shall do that the next round. Let me know if you would like to share your tips in short trading. 🙂

WHAT IS CHAINLINK $LINK?

Enough of grieving and start to be on track. Recently, there is this unknown hype for CHAINLINK $LINK that moved to Rank #5 after $XRP with a market cap of $5,611,269,745 USD. This fast rising crypto is definitely a must-watch especially during this bullish market.

Many had been asking what in exactly is $LINK? Basically it’s decentralized oracle network that provides real-world data to smart contracts on the blockchain and $LINK is a payment token in which users can use to pay for the services on this network.

I guessed this would be a good project that doubled up on the security and trust level among people using blockchain and reputable companies are using it. There is a huge potential behind all these as people start to digitize workflow and payments, moving towards a cashless world.

I would personally buy a little to accumulate some boost for near future as I believed the potential would be quite similar to Etherum. Buy a little won’t harm. 🙂

Trading via Coinhako. Visit my $FOLIO page to know more.

Friday, 13th in $Crypto

Wah, all the stocks are down and including $Crypto. I miss the Ethereum bottom at SGD$135 as I had already went in the previous days on 11 and 12 Mar respectively at SGD$259 and S$272. Goodness and not sure if Friday, 13th or the speech that Trump gave shifted the market sentiment.

I just realised he will be speaking at 3pm US Time on 13 March again which is 4am SG Time on 14 March. NOOOOOOOOOOOOO. I just bought in LTC. Wtf.

I thought right now is a good time to earn my pocket money, not asking donations. #HODL peeps, we will get there. BTC Halving in 2 months’ time.

Crypto Winter, Again.

The crypto charts had been volatile over the past few days, weeks and months. Looking at the 90-days chart kind of emphasized my need and vision to be investment savvy to place the eggs into the various baskets and not just to one crypto investing.

Also, across the spectrum, I had also trade not just one but at least 2 coins to minimize the loss and importantly, ensure that I don’t get overly-heartbroken. You can check out my pots via my $FOLIO.

I believed it will take some time for it to spike back especially $Bitcoin rewards halving will happen in May 2020. It would be an exciting period for all the crypto investors.

To me, crypto investment is more of a savings plan. One must be able to overcome its psychologically and mental aspects to HODL and not liquidate at small chances unless you are talking at a small fraction of what you trade. Sometimes I do that (to finance daily needs) too but I try not to do that frequent.

It’s mentally draining and also, not wise not a long-term trader.

I set a threshold of my losses and also, a timeframe to give it to rise otherwise, I will liquidate at the next possible chance. 😉

Trading is not also a one-off thing but it on another hand, I am those who do a lot of homework to these tradings because I need to know what I’m buying and I will try to envision a long term perspective.

So if you need any second opinions, email me or telegram me for more chat ups. 🙂

OPINION: China’s role as the leading blockchain-powered Nation.

Opinions are my own. 

On 25th October, $BTC spiked and major uptrends can be seen for some anchoring coins perhaps largely due to the #FOMO mentality as President Xi announced that China should seize the opportunity of blockchain, egging on to be at the forefront of the race.

And everyone in the industry knew for the fact that cryptocurrency is banned in China however cryptocurrencies are strongly backed by blockchain technologies. It’s somehow linked as majority of the successful decentralized applications (DApps) are either found in China or US.

It’s a good breakthrough as it meant that more companies, especially the major corporations would explore the usage of blockchain technologies as many are afraid to take that bold step when the blockchain technologies are mostly in their infant stages.

At this present time, there is still a lack of successful use-cases to validate. With support from key leaders, the key of confidence is then injected and definitely, a boost is seen.

The future is hopeful, at least with the current factors and the boost. 🙂

Volatility on Cryptocurrency

Okay, for the past 30 days, major cryptocurrencies had faced a “pump-and-dump” pattern, for leisure traders like me, it granted us opportunities to enter the market and flushed out disruptive traders and for new “whales” to be granted of their position.

However on the good sight, the volatility only fluctuates within a stipulated zone meaning to say it is for the trading to gain support and this support will be a base for further movements, normally upwards.

BTC [Month for Sept – Oct]

Not sure if this is a deja-vu that prior to the bull run 2 years back. Same trades patterns were seen. 😉 Can’t wait especially Bitcoin is halving in May 2020.

I wonder if it’s a psychological effect that it will boost the price or rather it’s downright to the supply and demands where the Governments are slowly accepting bitcoin as a form of payments/ usage.

Not sure if the volatility is something that the Governments or the Future of Work would want to deal with. Should I even consider to shift my investments to Copytrading? Argh.

The inner demons are making their ways in. And I do know that if one is looking at short terms gains, one should consider Copytrading/ Forex and not Crypto.

Comments below. 🙂

Crypto: The Bitcoin Shift (Views)

The Bitcoin had just made an unprecedented shift on the chart to what I called the “unknown region” of USD10K on 22 Aug and this persisted through the past 30 days of trading with dips down to USD10K not once but at least thrice.

Jul 23 – Aug 23 Bitcoin’s Chart, Courtesy from CoinMarketCap.com

30 days High/ Low: $12,273.82 USD / $9,252.30 USD

To be real honest, I didn’t expect Bitcoin to enter the below USD10K region as based on the past charts,  the support level was deemed to be around ~ the USD 10K+/- region. Indeed the volatility in Cryptocurrency is real and many actually asked — if; $BTC will dip further?

In my opinion, it will definitely make a dip due to the traditional stock market movement. I always think that a stronger fiat with ends up with a weaker crypto shift and vice versa as the presence of cryptocurrency is to complement the shortcomings of fiat. And of course there would be more than one factors that will attribute to the dip, e.g. protests at the crypto-centric nations or some important politicals shift in the anchoring countries (China, US, Russia…)

However, with the Bitcoin’s halving that’s gonna happen in May 2020, I personally feel that the dip below USD10K is a good region to enter before the push. However one still need to (1) do some background works, (2) exercise their own due diligence and (3) assess their own risk tolerance (stop-loss strategies) prior to crypto-investing.

To the moon, and beyond.

Thoughts about Cryptocurrency/ Blockchain

To be honest, initially due to my first negative encounter with Crypto, I was never a fan until I researched about/ on it more during my job search and I couldnt comprehend more that the Crypto/ Blockchain adoption really depends on the current generation and the upcoming millenials.

Many had asked, why I am a believer of it? Reason is simple, it would be a reference to the dotcom era where no one believe in the Internet could make it one day. Cryptocurrency/ Blockchain would just the the dotcom of tomorrow.

In today’s world, take example, China. Their major cities had advanced so fast that even a beggars on the street within the cities held a smartphone and people rendered cash through the scanning of the QR Code. Lifestyle changes and where everyone is doing the same thing, one need to evolve to fit into the same lifestyle in order to survive.

Not forgetting, Crypto boomed in China at the early years until the Government had to ban it due to political issues and the rise of many unethical/ illegal Crypto transactions. There is a need to strike a balance there thus the move to ban was necessary.

Friends in the space had always told me, majority of the mining machines are still based in China and China is now deemed the strongest blockchain-powered Nation due to the robust pool of tech talents.

Back to the topic, please don’t get it wrong about my political stands. I’m just using the above as an example to show that technology evolution is bound to happen and we will just have to embrace it along the way otherwise we will be out of the game and biting the dust.

Various Governments had start to embrace the digital payments and the use of Blockchain Technology and Cryptocurency. Both of them are inter-linked and will definitely be part of our life in near future, like a form of payment.

People just need to be exposed to more education and I had always ponder over the decline circulating supply of the various key Cryptocurrency, I just wonder which will be the next $Bitcoin #BTC?

The ecosystem needs more support from Individuals and hopefully after reading this, written by a Crypto-convert (Yours Truly) , <YOU> can do more research on this and be part of the circle. 🙂

Check out my contact details at the sidebar if you would like to have a quick chat.

Rebirth. Hello CryptoMama!

After various contemplation, I decide to work on the content on this site. Many of my friends know that I’m a Blockchain & Crypto Enthusiast and I will always share some of my opinions on the Crypto space, like on projects, coins and blaa blaa blaa, so I thought how nice if I have a space to pen down my thoughts and perhaps in future, I would have something to look back at and if, my decisions made were wise then.

So, here I’m.

I revamp the site, finally settled down on the name @mumtechpreneursg that I explicitly put Mama, Tech and Entrepreneurship altogether.

Gonna discipline myself to pen down regular updates and thoughts alongside with my leisure crypto-trading journey.

Check out my Crypto Journey here.

Hopefully things get better, just like $BTC pricing. LOL.