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Year: 2022

Do you know what will happen few hours after you die?

Posted on September 13, 2022September 27, 2023 by careyourpresent

Saw this interesting article online…..

Do you know what will happen after your funeral?

After a few hours, the crying stopped.

Your family will be busy ordering food from hotels and caterers for relatives.

Grandchildren running and playing.

A young man and a woman exchange phone numbers with a romantic smile.

Some men would go to the nearby pub or teh-tarik stall for a drink to talk before going to bed.

Your neighbour will be angry, thinking that your people may have thrown the ritual things too near their gate or were too noisy.

A relative will talk to your daughter on the phone about not being able to come in person due to an emergency.

At the next day’s dinner, a few relatives are left, and a few complained about not having enough salt in the curry.

Foreign relatives would have secretly planned a tour after your funeral.

A relative may be complaining about funeral expenses and that he/she had spent a few hundred dollars more on his/her share.

The crowd will slowly begin to dissolve.

In the coming days, some calls may come to your phone without knowing you are dead.

Your office will be rushing to find someone to replace you.

One week later, after hearing the news of your death, some Facebook friends may search with curious sadness to know what your last post was.

In a few days, your son and daughter will be busy shopping and packing before they return to work as their emergency leave ends.

At the end of the month, your spouse will be watching a comedy show and laughing.

Some siblings and relatives will ask about the properties and assets you had if any.

In the coming months, your close relationships will return to the cinema and the beach.

Everybody’s life will go back to normal just as there is no difference between a withered leaf of a big tree and what you lived and died for.

It all happens so easily, so fast, without any movement.

You will be forgotten and in a grave by this world at an astonishing pace.

In the meanwhile, your first death anniversary will be celebrated lavishly.

In the blink of an eye, years have passed and there is no one to talk to about you.

One day, just looking at some old photos, one of your close friends may remember you.

In your hometown, of the thousands of people you’ve become acquainted with, only one person, as you have ever been, can rarely talk to anyone about you.

You may be living elsewhere, as someone else, if reincarnation is true.

Otherwise, you will be nothing and will be plunged into darkness for decades.

People are waiting to forget you easily.

Then who are you running around for? And who are you worried for?

For most of your life, say 80%, you think about what your relatives and neighbours think about you.

Are you living a life to satisfy them?

NO USE.

Life is once, just live it.

Credit: author unknown

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Bitcoin Dominance huh?

Posted on September 12, 2022September 27, 2023 by careyourpresent

The term Bitcoin dominance has always been appearing everywhere in the CRYPTO world.

What is Bitcoin Dominance?

At the very top of the CoinMarketCap’s homepage, you will always see this number. However, what does this number means?

Image source: CoingMarketCap

Calculating BTC dominance is very direct. If the total Market CAP of all Cryptocurrencies is $1 Trillion whereas Bitcoin’s Marketcap is 400 Billions. Then Bitcoin’s dominance would be 60%.

Let’s look at history

Image credit: https://coinmarketcap.com/charts/

In 2013, Bitcoin had a market dominance of 94%. ERC-20 tokens didn’t exist back then, Ethereum, stablecoins, USDT didn’t even exist then too.

Fast forward to 2017, the altcoin season began. In Feb 2017, Bitcoin dominance was 85.4% whereas Ethereum was $5.7%. However, within 4 short months, Bitcoin dominance drop to just 40%. Bitcoin prices then crashed after the legendary first bull run in 2017 before going to a Bitcoin’s dominance at time low of 32.8%.

Let’s compare

If we just look at Bitcoin dominance, we will only see part of the story. Why do I say so? Look at the two tables below.

If we look at today, BTC dominance is 39.4% whereas ETH dominance is 20.3% compared to early part of the year.

If we look at early part of the year, BTC dominance is 40.0% whereas ETH dominance is 19.91% compared to early part of the year.

However, everyone know that we are in a bear market. Many alts died. UST/LUNC killed many. Eth and BTC prices were relatively low as compared to last year or even YTD. Total Cryptocurrency Market Cap as 2T compared to 1T now.

Bitcoin Dominance Metric usefulness

Hence, BTC dominance only give you a part of the picture of the whole story. It can tell you a gentle idea of how much of your capital you should allocate to altcoins as compared to ETH/BTC but it is not the full picture. Do also bear in mind that the Crypto market CAP is only 1 trillion as compared to other asset classes. How high will BTC/ETH goes and will BTC dominance goes below ETH in future? Your guess will be as good as mine. But I am optimistic about Crypto in the long term.

(Anyway, I have shorted Bitcoin this morning during this week of intense volatility in view of ETH merge is coming this week for a short term trade. Wish me luck! Disclaimer: Don’t follow me without doing your own due diligence.)

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Degen Crypto is back!

Posted on September 9, 2022September 27, 2023 by careyourpresent

Have you join the fun?

Bear market but interesting Crypto updates!

Posted on September 9, 2022September 27, 2023 by careyourpresent

There are quite a few interesting updates on Crypto recently. Let me pick a few that caught my attention recently!

(1) LUNC – up 440% over the past 60 days. Crypto is very volatile and crazy indeed? Did you join the fun to huat or maybe just gloating at the sideline?

Image credit: CoinGecko

If you sort by marketcap, it is bigger than Near and FTX but slightly smaller than Atom. Crypto is really crazy isn’t it?

Image credit: CoinGecko

(2) BAB TOKEN

What is BAB Token? Binance is introducting its very own account-bound BAB Token. It is the first-ever soul-bound token on the BNB Smart Chain. BAB tokens are non-transferable tokens that work as identity credentials for Binance users who have completed KYC verification.

Introducing the #Binance Account Bound BAB Token, the first-ever Soulbound Token on @BNBCHAIN!

BAB tokens are non-transferable tokens that work as identity credentials for Binance users who have completed KYC verification.

Find out more ➡️ https://t.co/03TKuyXZBC pic.twitter.com/BKSWnM4jJL

— Binance (@binance) September 8, 2022

Features of the BAB Tokens:

  • Non-transferable: Users cannot transfer BAB tokens to other users.
  • Revocable: Users can revoke their BAB tokens.
  • Unique: One verified Binance user ID allows the user to mint one BAB token only on a certain chain.

Gas fee applies whilst minting BAB tokens, which will be deducted from the user’s Funding or Spot Wallet on Binance. The initial gas fee is fixed at 1 BUSD. Users may revoke their minted BAB tokens, after which there will be a 72-hour lock period. Users may mint new BAB tokens after the lock period

Remember that I have mentioned about Soul-Bound token in my previous post? Seems like the future is coming earlier!

Future of Cryptocurrency – SBT!

(3) Bank of Russia agrees to legalize crypto for cross-border payments

The Bank of Russia, the nation’s central bank, has acknowledged that cross-border payments made via cryptocurrency transfers are to be legalised. According to TASS, the Russian central bank has changed its mind about how to regulate cryptocurrency and is now working with the Russian Ministry of Finance to legitimise its use for international payments. Alexei Moiseev, Russia’s Deputy Finance Minister has stated that the Bank of Russia and the Finance Ministry anticipate legalising cross-border cryptocurrency payments soon. The need for local cryptocurrency services in Russia was emphasised by Moiseev, who pointed out that many Russians use international sites to create cryptocurrency wallets. (Source)

What does the above imply?

Another country realized the Cross-border transaction is crucial amidst the current chaotic geopolitical climate. Instead of the global SWIFT (which most Russian Banks are terminated from the network following the Russia’s invasion of Ukraine) Crypto is likely the solution for FAST transfer of money.

This truly reflect another a powerful important use case for digital cryptocurrencies and the future of Crypto!

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Careyourpresent : Book Review

Posted on September 8, 2022September 27, 2023 by careyourpresent

Recently I saw many people recommending this book. Hence I went to the NLB to borrow and read it. Do go read. It really open your mind.

https://www.diewithzerobook.com/welcome

Die with Zero by legendary energy trader, Bill Perkins, details a thought-provoking framework for maximizing net fulfillment, over net worth. 

Die with Zero introduces the compelling principles he uses to think about personal finances, and more importantly, life. 

Key takeaways from the book

Rule #1 — Maximize positive life experiences

Rule #2 — Start investing in experiences early

Rule #3 — Aim to die with ZERO

Rule #4 — Use all available tools to help you die with zero

Rule #5 — Give money to your children or to charity when it has the MOST impact

Rule #6 — Don’t live life on autopilot

Rule #7 — Think of your life as distinct seasons

Rule #8 — Know WHEN to stop growing your wealth

Rule #9 — Take your biggest risks when you have little to lose

Trust Bank referral and review (update to previous post)

Posted on September 5, 2022December 12, 2022 by careyourpresent

Thanks to everyone who have applied via my referral code earlier via my earlier post.

KNDBPEPT

Trust Bank referral and review – new digital bank

After further researching, talking to friends, reading forums, please take note of one key point.

Remember to apply for Credit Card first instead of saving account

I have also updated my previous post to include the steps to apply and highlight the above point!

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