Crypto

WHAT IS CHAINLINK $LINK?

Enough of grieving and start to be on track. Recently, there is this unknown hype for CHAINLINK $LINK that moved to Rank #5 after $XRP with a market cap of $5,611,269,745 USD. This fast rising crypto is definitely a must-watch especially during this bullish market.

Many had been asking what in exactly is $LINK? Basically it’s decentralized oracle network that provides real-world data to smart contracts on the blockchain and $LINK is a payment token in which users can use to pay for the services on this network.

I guessed this would be a good project that doubled up on the security and trust level among people using blockchain and reputable companies are using it. There is a huge potential behind all these as people start to digitize workflow and payments, moving towards a cashless world.

I would personally buy a little to accumulate some boost for near future as I believed the potential would be quite similar to Etherum. Buy a little won’t harm. 🙂

Trading via Coinhako. Visit my $FOLIO page to know more.

Crypto, Life, Rants

Coinhako – My Favourite Crypto Trading Exchange Platform in Singapore.

Opinions are my own.

🙂 Just wanna share some insights.

Many had asked me to trade on all sorts of exchanges/ platforms from Binance > Coinbase > Biki and all but ever since Xfers did not continue their partnership with Coinbase. I went ahead and scouted and found a SGD pairing exchange –  Coinhako. But why Coinhako?

The answer is simple >
Easier to liquidate to/ via SGD and fuss-free to trade.

When I was with the Blockchain company, I used to trade via IDEX and I had to do coin swapping from IDEX then swap out to ETH/ BTC then from there cash out. During the process, I could have innocently spend unnecessary trading fees on gas/ admin and etc.

But on Coinhako, I would just need to Signup > Verify and Link up 2FA > Trade in SGD pairing > Cash out.

Supporting local companies is important and also the comfort trading in SGD.

Xfers supported up to S$5000 in the digital wallet (due to the Payment Services Act 2020) that you can link to Coinhako and trade. However if you are trading from Xfers wallet, the minimum spend is S$550 and transfer can be reflected within 5 minutes of a successful transfer.

Whereas if you trade from Coinhako wallet, minimum buy would be S$10 however depends on the $Crypto you are looking at. Deposits clearance is daily placed in at 10am/ 4pm respectively.

So in summary, good things about Coinhako:

  1. Pairing in SGD
  2. Fuss-free on the Banking & Liquidation Part (Link to SG Bank accounts/ Connect with Xfers)
  3. Local Enterprise #supportlocal with at least 5 years in this business
  4. Great Community via their Official Telegram Groupchat (It’s important to gain some quick insights if you don’t monitor the market and we HODL together.)
  5. Daily “Clock-in” Rewards when you logged into the App and Earn Points.
  6. Points can be offset for % in trading fee (normally 2-times usage of 25% off on trading fee @ 500 Coinhako Points)
  7. Refer-A-Friend and Earn-As-They-Trade
  8. Great UXUI – Price Charts and all.
  9. Once a while, they will organize some form of gatherings. Yay to free drinks~

Since the crypto market is now facing a little dip, I would take this chance to accumulate coins before BTC halving in May 2020.

Welcome to use my referral code: WILLYNN_576906

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Check out my $Crypto Portfolio via the Folio tab above. 🙂

Trade well, HODL till it moons!

Crypto, Rants

Friday, 13th in $Crypto

Bloodshred

Wah, all the stocks are down and including $Crypto. I miss the Ethereum bottom at SGD$135 as I had already went in the previous days on 11 and 12 Mar respectively at SGD$259 and S$272. Goodness and not sure if Friday, 13th or the speech that Trump gave shifted the market sentiment.

I just realised he will be speaking at 3pm US Time on 13 March again which is 4am SG Time on 14 March. NOOOOOOOOOOOOO. I just bought in LTC. Wtf.

I thought right now is a good time to earn my pocket money, not asking donations. #HODL peeps, we will get there. BTC Halving in 2 months’ time.

Crypto, Debt, Life, Rants, Work

Indifference.

Indifference will result in being a toxic being to self and others.

I once chanced upon this video by Ellen DeGeneres where she tried to seek help after she came out on her sitcom and everyone turned against her. She didn’t have a ring up for years yet she suppressed and won at her own depression to do her own talk show.

She says something along this line; If you feel different and depressed. Don’t worry… because:

“Things will get easier, people’s minds will change, and you should be alive to see it.”

And the above stuck in my head till now.

I decided to keep on trying. Suppressing my own demons within. There is nothing sort of giving up. Trying to find that winning formula through limited time and money but I know I will figure it, outgrown it and finally succeed.

The first thing on my mind is to create an ample runway for budget flow. Everyone have their own stories. Their debts, their commitments and there could be a way to figure something out.

I figure out mine through crypto investing and copy trading (forex trading). I learnt and made a lot of friends through this. And just kept on moving, to grow the pie. It’s a long tedious process but I made it happened. I had never thought I would grow from a Teletext-reader for my dad to a leisure trader/ investor myself.

No one ever thought I would one day become a Semi-SAHM and work from home and created a work-from-home empire. No one. So the key… Taking risks sometimes will lead you to surprises and perhaps, one will get to enjoy the whole process. 😉

Shall pen down more thoughts on my mumtechpreneur journey in my next post. 🙂

 

Crypto, Rants

Crypto Winter, Again.

The crypto charts had been volatile over the past few days, weeks and months. Looking at the 90-days chart kind of emphasized my need and vision to be investment savvy to place the eggs into the various baskets and not just to one crypto investing.

Also, across the spectrum, I had also trade not just one but at least 2 coins to minimize the loss and importantly, ensure that I don’t get overly-heartbroken. You can check out my pots via my $FOLIO.

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I believed it will take some time for it to spike back especially $Bitcoin rewards halving will happen in May 2020. It would be an exciting period for all the crypto investors.

To me, crypto investment is more of a savings plan. One must be able to overcome its psychologically and mental aspects to HODL and not liquidate at small chances unless you are talking at a small fraction of what you trade. Sometimes I do that (to finance daily needs) too but I try not to do that frequent.

It’s mentally draining and also, not wise not a long-term trader.

I set a threshold of my losses and also, a timeframe to give it to rise otherwise, I will liquidate at the next possible chance. 😉

Trading is not also a one-off thing but it on another hand, I am those who do a lot of homework to these tradings because I need to know what I’m buying and I will try to envision a long term perspective.

So if you need any second opinions, email me or telegram me for more chat ups. 🙂

Crypto, Rants

OPINION: China’s role as the leading blockchain-powered Nation.

Opinions are my own. 

On 25th October, $BTC spiked and major uptrends can be seen for some anchoring coins perhaps largely due to the #FOMO mentality as President Xi announced that China should seize the opportunity of blockchain, egging on to be at the forefront of the race.

And everyone in the industry knew for the fact that cryptocurrency is banned in China however cryptocurrencies are strongly backed by blockchain technologies. It’s somehow linked as majority of the successful decentralized applications (DApps) are either found in China or US.

It’s a good breakthrough as it meant that more companies, especially the major corporations would explore the usage of blockchain technologies as many are afraid to take that bold step when the blockchain technologies are mostly in their infant stages.

At this present time, there is still a lack of successful use-cases to validate. With support from key leaders, the key of confidence is then injected and definitely, a boost is seen.

The future is hopeful, at least with the current factors and the boost. 🙂

Crypto, Life, Work

Volatility on Cryptocurrency

Okay, for the past 30 days, major cryptocurrencies had faced a “pump-and-dump” pattern, for leisure traders like me, it granted us opportunities to enter the market and flushed out disruptive traders and for new “whales” to be granted of their position.

However on the good sight, the volatility only fluctuates within a stipulated zone meaning to say it is for the trading to gain support and this support will be a base for further movements, normally upwards.

BTC.JPG
BTC [Month for Sept – Oct]
Not sure if this is a deja-vu that prior to the bull run 2 years back. Same trades patterns were seen. 😉 Can’t wait especially Bitcoin is halving in May 2020.

I wonder if it’s a psychological effect that it will boost the price or rather it’s downright to the supply and demands where the Governments are slowly accepting bitcoin as a form of payments/ usage.

Not sure if the volatility is something that the Governments or the Future of Work would want to deal with. Should I even consider to shift my investments to Copytrading? Argh.

The inner demons are making their ways in. And I do know that if one is looking at short terms gains, one should consider Copytrading/ Forex and not Crypto.

Comments below. 🙂

Crypto, Rants, Reflections

Crypto: The Bitcoin Shift (Views)

The Bitcoin had just made an unprecedented shift on the chart to what I called the “unknown region” of USD10K on 22 Aug and this persisted through the past 30 days of trading with dips down to USD10K not once but at least thrice.

CMC-BTC
Jul 23 – Aug 23 Bitcoin’s Chart, Courtesy from CoinMarketCap.com

30 days High/ Low: $12,273.82 USD / $9,252.30 USD

To be real honest, I didn’t expect Bitcoin to enter the below USD10K region as based on the past charts,  the support level was deemed to be around ~ the USD 10K+/- region. Indeed the volatility in Cryptocurrency is real and many actually asked — if; $BTC will dip further?

In my opinion, it will definitely make a dip due to the traditional stock market movement. I always think that a stronger fiat with ends up with a weaker crypto shift and vice versa as the presence of cryptocurrency is to complement the shortcomings of fiat. And of course there would be more than one factors that will attribute to the dip, e.g. protests at the crypto-centric nations or some important politicals shift in the anchoring countries (China, US, Russia…)

However, with the Bitcoin’s halving that’s gonna happen in May 2020, I personally feel that the dip below USD10K is a good region to enter before the push. However one still need to (1) do some background works, (2) exercise their own due diligence and (3) assess their own risk tolerance (stop-loss strategies) prior to crypto-investing.

To the moon, and beyond.

Crypto, Life, Rants, Work

Thoughts about Cryptocurrency/ Blockchain

To be honest, initially due to my first negative encounter with Crypto, I was never a fan until I researched about/ on it more during my job search and I couldnt comprehend more that the Crypto/ Blockchain adoption really depends on the current generation and the upcoming millenials.

Many had asked, why I am a believer of it? Reason is simple, it would be a reference to the dotcom era where no one believe in the Internet could make it one day. Cryptocurrency/ Blockchain would just the the dotcom of tomorrow.

In today’s world, take example, China. Their major cities had advanced so fast that even a beggars on the street within the cities held a smartphone and people rendered cash through the scanning of the QR Code. Lifestyle changes and where everyone is doing the same thing, one need to evolve to fit into the same lifestyle in order to survive.

Not forgetting, Crypto boomed in China at the early years until the Government had to ban it due to political issues and the rise of many unethical/ illegal Crypto transactions. There is a need to strike a balance there thus the move to ban was necessary.

Friends in the space had always told me, majority of the mining machines are still based in China and China is now deemed the strongest blockchain-powered Nation due to the robust pool of tech talents.

Back to the topic, please don’t get it wrong about my political stands. I’m just using the above as an example to show that technology evolution is bound to happen and we will just have to embrace it along the way otherwise we will be out of the game and biting the dust.

Various Governments had start to embrace the digital payments and the use of Blockchain Technology and Cryptocurency. Both of them are inter-linked and will definitely be part of our life in near future, like a form of payment.

People just need to be exposed to more education and I had always ponder over the decline circulating supply of the various key Cryptocurrency, I just wonder which will be the next $Bitcoin #BTC?

The ecosystem needs more support from Individuals and hopefully after reading this, written by a Crypto-convert (Yours Truly) , <YOU> can do more research on this and be part of the circle. 🙂

Check out my contact details at the sidebar if you would like to have a quick chat.

Crypto, Life, Rants, Reflections

Rebirth. Hello CryptoMama!

After various contemplation, I decide to work on the content on this site. Many of my friends know that I’m a Blockchain & Crypto Enthusiast and I will always share some of my opinions on the Crypto space, like on projects, coins and blaa blaa blaa, so I thought how nice if I have a space to pen down my thoughts and perhaps in future, I would have something to look back at and if, my decisions made were wise then.

So, here I’m.

I revamp the site, finally settled down on the name @mumtechpreneursg that I explicitly put Mama, Tech and Entrepreneurship altogether.

Gonna discipline myself to pen down regular updates and thoughts alongside with my leisure crypto-trading journey.

Check out my Crypto Journey here.

Hopefully things get better, just like $BTC pricing. LOL.