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Tag: Crypto

Crypto: Sick of Rug-pull by CEX?

Posted on by careyourpresent

Recently there are many news of trading plaforms/CEX/Lending company (3AC, Hodlnaut, Terra, Celsius etc) that bankrupt, rugged pull and collapses etc….Do you still feel safe to put your money in Centralized exchange? Small sum that you can afford to lose should be fine…what about those big sums that you can’t afford to lose? That’s why you need a decentralized platform.

Of course, the recent one that gain one of the most traction is GMX. It was even listed in Binance recently and there was also a spike in the price of the main token.

Source: https://www.coingecko.com/en/coins/gmx

Besides GMX, another possible platform that one can look at will be Gains Network.

Source: gTrade

Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform.This platform allows for low trading fees, and a wide range of leverages and pairs (up to 150x on cryptos, up to 1000x on forex, and up to 100x on stocks).

The main token that enable gTrade will be GNS token ($GNS). It started initially as the $GFARM2 token on Ethereum, which was fairly distributed in an ETH pool and a GFARM2/ETH LP pool. The dev fund and the gov fund had a 5% share of the token distribution (10% total). It was later bridged to Polygon, and had a 1:1000 split to $GNS. The GNS token also acts as a mechanism of liquidity efficiency, offer returns for those participating in the ecosystem. Over its lifetime it has been net deflationary.

In order to start trading in this platform, you will need 3 things:

  1. A Web3 wallet e.g. Metamask that you can connect directly to this platform.
  2. MATIC in that wallet to pay for transaction fees.
  3. DAI in that wallet to use as collateral.

Basically, after you have the 3 items above, just click the connect wallet button at the top right side of the platform to start. If you wish to stake, you can also do so via this site too.

Gaining Traction?

If you look at the stats using dune (see screenshots below), this is definitely gaining traction. It is worth exploring to find out more and try the platform. However, do note that currently is still bear market, please your own due diligence before doing anything. Personally, I feel that this is still early and worth considering.

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!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Careyourpresent : The Art of Doing Nothing and Financial Independent Retire Early (FIRE)

Posted on by careyourpresent

The Fact of Doing Nothing is difficult to most people

Very often, in this society, especially every busy work life, we as part of the city, are used to doing things every single moment of our life. When you take a bus/train, lunch or even talking to friends, many would be looking at their mobile phones instead of just enjoying the moment. Are you one of them? Can you take a moment to rest and throw your mobile aside? Most likely many people would feel very uncomfortable if they do so. What does this imply?

Fact – we are too used to busy schedule and can’t do nothing without feeling uncomfortable!

Irony or not, the most difficult part of your daily life is doing nothing, absolutely nothing. Have your tried to stop whatever you are doing now, just do nothing and stare into thin air. How do you feel? Please go try and feel it. How do you feel? Do you feel weird?

Don’t FIRE! Doing nothing is not productive

Recently there are many discussion on Financial Independent, Retire Early (FIRE). Many people have different opinions about this movement. Some supported it, many people share that doing nothing, retiring earlier is not productive. You should spend all your all time to do something productive, reading a book, study, work until you can’t (60s, 70s), make your life fulfilling. This is especially important for those who want to Financial Independent, Retire Early (FIRE).

One question is always raise when one said that they want to FIRE – “You will get bored easily after FIRE. Maybe initially it will be fun/happy without your busy work, toxic colleagues/bosses, work stresses etc, but after 6-7 months of doing nothing will get you bored! Hence continue to work even if you FI.”

For those who have already FIRE, could you share how do you pass your time? Is the above really true? You really have nothing to do? Or do you live a even more fulfilling life?

Recall

When you were baby, child, kid, do you always have things to do? Do you remember to enjoy the sand, enjoy wind, just staring at the sky? Isn’t doing nothing most relaxing, most comfortable, most fulfilling? Why must we keep doing something every single second? Life is short, treasure it. Careyourpresent, enjoy the moment.

Remember:

In fact, when you are doing nothing, it might be the most productive as your mind is relax, clear and you can think of great ideas.

Try and go do nothing

Relax. Find time to do nothing. During your trip to/from work, don’t stare at home and just do nothing. During your meal time, look at your friends/family, just eat and do nothing else.

You will find out your life is now better. Learn to slow down your life and Careyourpresent.

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!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

6 Simple Steps to start your investment journey, especially in Cryptocurrency

Posted on by careyourpresent

When I first started this site, my intention is to go a bit advance to share Cryptocurrency as I believe in the future of Cryptocurrency and still believe so. However, after receiving questions from readers/friends etc, I realized that I should also include more basic investment stuff in my site. Hence, the most fundamental question to anyone who want to start investing is

Many people heard about investment, but they don’t know how to start. Many people heard about Cryptocurrency, but they don’t know how to start.

How to start?

Many people would outsource and go to the “Financial Advisers” for advice. In most case, most of these people are salesman. They sell you their investment link policy, endowment etc and draw charts to “projected” how much you would get in xx years should you buy their products etc. However, if you ask them further on what the investment strategy of this fund are, what shares/bonds they invest in, which sectors, which companies, do these funds hedge, are there rebalancing, I bet most of these “Financial Advisers” couldn’t answer. Hence, don’t go to them to ask about investment especially for Cryptocurrency. So how to start? Please see the steps below.

Always remember:

Step 1: Understand yourself

This is the first step regardless of what kind of investment that you wish to go in (forex, growth stocks, value stocks, ETF, dividend stocks, crypto etc). Many people tend to just go and buy without plan and thinking in advance first. Very likely this will result in losing your precious earned money sooner or later. Before you start doing any investment, the first thing is to understand yourself.

  • Know your risk profile. Are you someone who can sleep well with higher riskier instrument? Can you sleep well if your portfolio drops 50%? Are you someone who prefer regular income from your investment?
  • What is your objective of investment? Grow your money, finding 10x bagger? Just collect income?
  • Know your end target/objective. How much do you target to achieve? This will determine the risk profile and the method to use.

Step 2: Plan your high-level portfolio management

This is call money management, knowing how to manage your own portfolio/money. First please know your own monthly/annual expenses, saving, income and how much you have available for investment from income monthly as well as lump sum currently. Amount available for investment means you won’t need it for at least 3-5 years or even better 10-20 years given that big markets cycle is typically 10 years. Please keep money for emergency funds too. After knowing your monthly cash flow and the amount you have available for investment, please plan your plan.

For example, if you have a million available and after understanding your own risk profile, you can work out a table like something below.

Step 3: Open relevant accounts

Before your can start investing, you will need to open brokerage accounts. You can consider to use my referrals below. Personally I am using all these accounts.

Referrals

For Singapore shares, I would suggest you to open CDP first link to the local brokerages (example DBS Vickers, Iocbc, POEMS, Uob Kay Hian etc). Do try to keep your shares in CDP if possible so as to has less custodian risks. Typical transaction cost is about $30+ for $10k SGD worth of investment. If you want cheaper, you can consider Fundsupermart (FSM which charges about $10-14 for $10k SGD worth of investment. The shares bought will be custodian under FSM. I am using FSMOne.com to invest in funds & ETFs (including money market funds). FSM is good due to the low comms and the free transfer from FSM to CDP (typically takes less than a week to transfer). If you do not have an account, you can sign up here. Please use my FSMOne referral code: P0413007.

For foreign shares, I would suggest to open Interactive Brokers. The commission is very cheap and only cost cents to trade overseas shares and options.. Directly from the site itself, Interactive Brokers conducts its broker/dealer business on over 150 market destinations worldwide. In its broker dealer agency business, IBKR provides direct access (“on line”) trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, currencies, bonds, gold, crypto* and funds worldwide. Interactive Brokers Group and its affiliates execute over 1,968,000 trades per day.

For Cryptocurrency, you can use FTX as your centralized exchange to on/off ramp. However, please take note to put in hardware wallets (please see step 4 for guides). Another alternative which I am currently also using is Crypto.com. This is another platform that I am using the trade, on ramp, off ramp SGD to Crypto. One good point about this platform is you can do FAST transfer to and from your Singapore Banks. Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Step 4: Do research

Regardless of what investment that you plan or will be doing, please don’t blindly listen to other people/gurus/crypto twitter shilling etc. Please spend time to read, research and learn and only invest in what you are comfortable in. Hours need to be spent and there is no shortcut. Even after you have invested, you should continue to read to learn about the coins, stocks etc that you are invested in. One key indication that you have done your due diligence is that you can sleep well without keep price monitoring every now and then after you have clicked the buy button.

For Cyptocurrency, you can refer the articles which I have wrote previously to learn more.

Step 5: Wait for the best opportunity to strike

Gut and patience to buy

Always have a plan (see sample below for a Singapore Stock Investor). After which think of what to do should the opportunity really arrive so that you will not panic when it come. You will need both Gut and Patience after planning. Don’t always think to buy at the absolute bottom, good price can just buy. We are plan for good price but can’t always buy at the absolute bottom.

Sell

Most often, the most difficult button to click is sell. What if you click sell and price goes up further? Remorse? No, you shouldn’t. You have already earned. What if it is the opposite case? You can’t predict exactly predict the market. For those who invest for years, buy and sell is always easier than buy and hold. Additionally it take real patience to wait for the best time to strike.

Doing nothing is the most difficult part of investment. There is always an urge to do some buy/sell/trading.

Personally I am holding some cash and waiting now. You can refer to my updates here. However, please do your own due diligence, don’t just blindly follow me. I could be wrong. Remember that your money your investment is your own responsibilities. I am just sharing that I am doing now.

See quotes from the famous investors below:

Step 6: Track your progress for MANY years and review regularly

After you buy/sell/invest for a few days/few months, always track your own progress. You can use the calculators/charts given by the brokerages to monitor you return or simply use XIRR function in excel to do so. Continue to track and track for many years, take note of your mistakes, take note of your own risk profile, take note of what kind/which investment make you can’t sleep well and of course those that make you sleep well. Then review and improve. Always aim to win your past self.

Additionally, please remember to read widely and learn more everyday from anyone around the globe. This will let you see your blind spots and make you a better investor.

Lastly..don’t forget

Life is not just about money. Money is just a means to your life.

No one CaRe about Your PresenT more than yourself. Please take regular breaks and care for your own life.

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!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Ethereum Merge and Macro

Posted on by careyourpresent

The long awaiting merge will be coming in less than 5 hours. Are you excited?

As per what I have mentioned in my twitter, for those who are unsure, the best way is to stay sideline. It can goes either way after the merge. However for long term 5 years and above, ETH will be great!

For those who are not aware what do you mean by ETH Merge, basically it means the move from proof-of-work to proof-of-stake but take note that this is not easy. It basically means changing the engines of an airplane while it is still flying in mid-air. This mean after the merge, we can either fly faster or crash… Let’s see what will happen in few hours time.

Macro

Macros wise it doesn’t look good either. Look at the inverted yield curve while inflation remains high.

I know I am naggy and have repeated many time (please see this post again and i have also screenshot the most important part again below), but please keep some cash to seize the greatest opportunity of your lifetime since the last 2008.

My previous post
https://www.ustreasuryyieldcurve.com/
https://tradingeconomics.com/united-states/inflation-cpi

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!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

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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