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Year: 2022

Sharing Useful links

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

I have spent hours to create this list.
In case you have missed this page in my site,

I will be constantly add new information into this page. Hope this is useful to you!

Useful Crypto Sites

80000% APY! Wow let’s ape!

Posted on May 1, 2022September 27, 2023 by careyourpresent
Image credit: Wonderland,Money

For those who invested in stocks, funds, etf, typical dividend yield is usually 1-5%. Those that gives you 8% – 12% are rare, or highly leverage, or something fishy about it that should warrant further investigation.

If one is first introduced to DeFi, you will see the yield (apy) to be commonly at least 20% and above, with some even hit few hundreds or few thousands %.

For those who are long enough in Crypto, should have remembered this Lamborghini calculator narrative story in OHM, Wonderland Time!

Wonderland site now has its own calculator, complete with "potential number of lambos"
by inWonderlandTIME

For example, 80000+% APY will give you 80x return to your capital in a year. Putting in a capital of $900 will give you $800,000 in a year! 3 Lamborghini! WOW! Why bother to invest in stocks anymore? Let’s just farm CRYPTO!

However the truth is often otherwise.

For those who are long enough in Crypto, you will realized that high APR APY (be it 1000% 10000% etc) only sounds good on the surface. Most important is still the underlying crypto coin.

If the underlying rewards token price crash, no amount of high APR/APY can save you. Look at the legendary example of Wonderland, OHM. What happen to your capital? Even with the high APR/APY, one will still lose badly.

Hence the key is to preserve your capital, buy good coins and survive the bear. Once that’s happens , profit will come automatically! Remember do your due diligence, only buy coins which you have conviction to hold even in bear and not just listen to “Guru” shilling of coins.

Recent coin that can make into history is Jewel and Crystal which drop 90% from ATH. Remember 4000% APY of Crystal in early April with price of $40 per Crystal. Current price is $2 is Anyone suffer from it?

Image Credit: Coingecko

Image Credit: Coingecko

What! There are thousands of Crypto Coins?

Posted on April 26, 2022September 27, 2023 by careyourpresent

There are literally thousands of Cryptocurrencies in this world, more are being minted every single day, or even hours etc. One key question that came to all Cryto investors:

What common type of coins are there? Summarized overview as below:

BTC: King of Crypto. About 800B Market Cap as I wrote this.

ETH: Queen of alternate coins. About 400B Market Cap as I wrote this.

If we add both ETH and BTC, they almost made up half of the total Market CAP of the entire Crypto Market! That’s why they are called the King and Queen!

Stablecoins: are cryptocurrencies that attempt to peg their market value to some external reference. Two main types:

  • pegged to a currency like the U.S. dollar. Example: USDC, USDT etc
  • achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives. Example: UST, FRAX etc

GameFi: Play to earn coins where you get to earn some cryptocurrencies while playing the games! Usually there will be a native game token or NFT where you can purchase in order to play the game. When you level up, you can sell them to other players!

Metaverse: The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to allow users to interact virtually. Augmented reality overlays visual elements, sound, and other sensory input onto real-world settings to enhance the user experience. (Definition given by https://www.investopedia.com/metaverse-definition-5206578). This is still a very new area, people are learning innovating, imagining on what the future Metaverse will be like. Maybe one day we can work virtually in Metaverse and don’t need to go physically to work!

Meme coins: coins created as part of a joke or a theme which is often not seen as a serious coin. Doge coin is one of the famous meme coin and make many people millionaires! Would you want to be next person?

There are other coins such as FaaS (farming as service) where the owner of the coin help you to do all the degen farmings, centralized exchange coins, node coins etc.

Guide – Fund FTX by sending USD from Singapore DBS Remit

Posted on April 19, 2022September 27, 2023 by careyourpresent

Step 1: Login to FTX -> Wallet -> Portfolio -> Balance -> Under USD, choose Deposit -> Deposit via Wire -> Enter the amount which you wish to transfer (e.g. $10 USD) -> click Submit (this amount should be same as step 5 below) -> Click See Instruction, a page will pop up to give you the receiving bank instructions for Step 2 to 4 below.

Step 2: Login to your DBS Internet banking -> Transfer -> More Transfer Service-> Scroll down under Overseas Transfer, Select DBS Remit and Overseas Transfer

Step 3: Click New Recipient -> Set the Recipients Details as below (After you add finish, you should see the FTX Digital Markets Ltd).

Step 4: To initiate the transfer -> Click “Transfer”

FTX only accepts USD, you have to use an account with a multicurrency feature such as DBS Multiplier account.

Step 5: Key in the amount which you want to send (need to be the same as step 1). Under the payment details in DBS, key in the account identifier which is found in FTX in step 1.

(Account Identifier from step 1. It should be a 8 digit number.)

TADA! Wait for the money to be credited! Usually it is fast if you send during Weekday night (which is the morning of US bank). If you send during weekend, you may have to wait few days until weekday. Remember, always use small amount to test the transfer first.

Using Metaphysics in investment – Moon Phase Theory

Posted on April 18, 2022June 10, 2023 by careyourpresent

Look at the two charts below for ETH and SPX (symbolize the two major market, Cryto and US).

Black is Full Moon

White is New Moon.

Bars between full and new moons are colored accordingly, as growing or waning.

Once you see a full moon (local bottom) then it will slowly fade and around 15-16 days later, you will see the moon round again. In astrology this is new moon (local top).

Do note that Moon Phase Theory shows the local bottom whereas Eclipse sees major bottom.

Image Credit: Tradingview.com
Image Credit: Tradingview.com

My NFT Creation

Posted on April 18, 2022September 27, 2023 by careyourpresent

Do you remember how creative and how imaginative you were when you were a child? As time passes by, most people lose their child’s mind. Through this NFT collection, you will relive your childhood.

This NFT collection features the marvelous mind of a child. These artworks showcase how the little mind think and grow as the child grow up.

Time flies very fast especially and most people missed their own childhood or their child growing up years. This is especially true for those who have no time due to busy at work or forgot about the more important aspect of life…

At a blink of an eye, you have finished school, start work, get married, have kids, aged, retired…suddenly you wondered if you can become young and relive your life again.

At a blink of an eye, your child was born, growing up from a cute adorable baby to a toddler in preschool, then suddenly become school going child, then graduate, get married… Your children are growing up fast. Before you know it, they will be leaving for college. Treasure and Careyourpresent or you will miss it.

CAREYOURPRESENT

All Rights Reserved © 2022 Careyourpresent
All Rights Reserved © 2022 Careyourpresent

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