Tue. Oct 19th, 2021

The little elephant in the room has been sitting quietly there, patiently waiting to be attended to. At least for me, that was how I felt.

Undoubtedly, the fundamentals of my journey in personal finance have been based on the idea of ​​investing in indices.

And hey, that was eight years ago. It was a time when index investment was very new in this part of the world and resources were scarce.

I started my blog to share what I knew, with like-minded people who are interested in investing in indexes.

Professor millionaire.

It was 2013. Recently inspired by millionaire professor Andrew Hallam, I was willing to embark on my journey to improve my personal financial situation.

Millionaire teacher

One of the takeaways I had was the 10% stock selection rule – it’s absolutely fantastic to deviate a bit from investing in index. Life is not just black or white.

Even though I knew I wasn’t likely to be able to win the market, I felt there was nothing wrong with having a little fun in the process.

Eventually, the idea evolved into one that converged on the idea of ​​a moon shot.

Moon shot.

Along the way, I came across this idea that came up from Google. X is a subsidiary of Alphabet (Google) and is also known as The Moonshot Factory.

Simply put (and from its official website), “X is a diverse group of inventors and entrepreneurs who build and launch technologies that aim to improve the lives of millions, even billions of people. our goal: a 10-fold impact on the world’s most intractable problems, not just a 10% improvement.We approach projects that have the aspiration and risk of research with the speed and ambition of a startup . ”

The idea resonated with me deeply and I felt that having a small percentage of my assets in moon shooting attempts is a solid strategy.

If things didn’t go well, my main portfolio wouldn’t be significantly affected.

If things were going well, I would interview them life-changing wealth.

Bitcoin.

Back then, I didn’t know much about finance, so I read a couple of articles about Bloomberg every day; little by little I was learning more and things started to make sense.

I vaguely remember coming across the term “Bitcoin” some time ago around 2014 or 2015.

Mmm, that’s interesting. But no, I didn’t act and I just finished it.

I would never have been able to wait for crossroads with cryptography soon after.

Ethereum.

The momentum of my attempts to shoot at the moon was reinforced in 2017 when I almost lost my wife in an accident and changed my way of looking at life.

Time with my loved ones it’s the only thing that mattered. Think of this as an additional (and extremely strong) motivation for my FIRE trip.

I guess I wasn’t willing to struggle with spending our lives on things we didn’t like to do.

Simultaneously, the overflowing bull crypto market gained momentum in 2017. It piqued my interest and the more I learned about technology and use cases, the more conviction I generated.

It was on November 7, 2017 that I made my first cryptocurrency purchase at CoinHako for $ 50 worth of Ethereum (ETH).

No, my first purchase was not Bitcoin.

Looking at the last cycle, I decided I would go to DCA for a hell out of the impending boom and bust cycle over the next four years.

  • First transaction: November 7, 2017 at S $ 416.06 (USD 311.59)
  • Highest ETH Price: May 4, 2018 at $ 1,051.59 (US $ 787.53)
  • Lowest ETH Price: December 15, 2018 at $ 117.22 (US $ 87.79)
  • Last transaction: March 29, 2020 at S $ 184.96 (USD 138.53)

Buy the 90% deposit! What can go wrong?

The alternative income I got from side annoyances? I put it all in cryptography.

It’s definitely easier said than done. Psychologically and emotionally, it was definitely a challenge.

Anyway, you can click on the Twitter thread above to see my dozens of transactions with CoinHako.

Winter.

Binance Blockchain Week Singapore took place from From 19 to 22 January 2019 at Marina Bay Sands.

It was probably in the depths of the cryptographic winter, but I don’t remember the chronology so well.

I didn’t let anyone know, I said goodbye quietly for two days, paid for the ticket, and attended the conference on my own.

I chose one talk to another in order to see the various personalities (such as CZ Binance, Anthony Pompliano, Emin Gun Sirer, Kyle Samani i Dovey Wan) that I’ve been following on Twitter in real life.

I attended as many talks as I could to immerse myself in the atmosphere and feel the vibrations. I feel that instinct is a very important trait.

Upon leaving the conference, these observations remained in my mind:

  1. Interest has waned
  2. The speakers remain positive
  3. We’re very early on: teams have probably overestimated what they could achieve in a year, but they’re likely to underestimate what they can do in ten years.
  4. The coexistence of CEX and DEX will be a central theme
  5. People who do not belong to Bitcoin / Ethereum

In any case, I was even more convinced that cryptography is here to stay.

Spring.

According to my records, the last time I deposited money into cryptography was September 24, 2020.

Bitcoin was trading around $ 10,200 and Ethereum was around $ 320.

As the second half of 2020 circulated, signs began to show that spring was coming and things were heating up.

Literally. At the time, the price of gas was even higher than it is today.

By then I already had it invested a total of S $ 40,000 which is not a lot of money. Nor is it a massive change.

Like the one I mentioned, the fundamentals of my investment portfolio still focused on index investing.

Interestingly, what I did was bring the idea of ​​investing in index in cryptography: a part of my cryptographic portfolio was secured in BlockFi with 33% Bitcoin, 33% Ethereum and 33% stablecoins.

Within my cryptographic portfolio, the assets were divided into tanks, damage vendors and healers.

Farm.

The golden age of late 2020 agricultural production was an exciting time for me.

You know what? It still is.

By now, the cryptocurrency profits I’ve taken more from assets held in stable currency (or equivalent) are more than my initial capital: this is not intended to boast, but to give a certain context if and when I write something related to cryptography.

In the last few months, I’ve been blessed with two drops of air: $ OSMO and $ MINE, which turned me into a couple of grandparents. I understand how skeptical it can be very real when it comes to cryptography because, how can it be (free money) ?! But hey is what it is.

This also meant that many of the gains made in yield production translate right now into alternative revenue, which I can deploy again in cryptography, in my daily expenses or theft advisors.

Thoughts.

Undoubtedly, the cryptocurrency market sentiment seems fairly neutral / bearish at the moment.

Regardless of the market movement, I will probably be more interested in these possible sources of short-term performance as life goes on.

  1. Indexing division between BTC / ETH / stablecoins
  2. Stablecoins produces agricultural production
  3. Algorithmic stablecoins
  4. Synthetic assets
  5. Profitable decentralized autonomous organizations (DAOs) (such as banks)
  6. Drops of air
  7. Moon features

Most of my tokens have been shared or pooled in liquidity (LP-ed) for months at the moment, so I don’t have to babysit them. I like to use some of the benefits of exploitation to take small positions on possible moon launches.

Terrans, Get together!

Moon shots or not, I will continue to make full use of my theft advisors, for example, AutoWealth, Endowus and Syfe.

Life is not just black or white, it is many shades of gray too.

Do you want to chat with more encryption? Look for me at Discord (no registration required); it’s mostly the only place I talk about it.

Read more? Crypto series 2021:

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