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A day worth remembering for US indexes but this is just the beginning…

Posted on by careyourpresent

US down 4-5% today. The worst day in 2022 but this should be the beginning. It will be worse towards the end of the year in Nov/Dec 2022.

Of course, from now until end of the year, there will be up and down on the journey, but eventually we will reach there. Yes, you can do small trades here and there but please be patient and keep some cash for the real game.

Don’t you miss the 1-2k down with circuit breakers in 2020. However, this time is different. WHY?

FED can’t print the way out! It will be a long bear! Please keep cash to capture the greatest opportunity to generational wealth in this decades. It’s the new air era, formulas don’t work anymore. Be patient and brave later! Both macros and metaphysics don’t look good!

Remember my previous post in April? There will be an eclipse in Oct and macros are getting worse. Get ready 🙂

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

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

Posted on 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 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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Bear market but interesting Crypto updates!

Posted on 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.

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 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