Personal Finance Blog
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Crypto Updates - Down the rabbit hole
I probably got burnt in my crypto speculation as my holdings are down around 30% at the moment. When the crypto prices came down from the peak, I though it would be a good time to start entering, but I did not expect it to be a drop of 50% kind of crash. I have already split my capital into multipl…
Did I Jinxed The Crypto Market?
As what the title says, I am wondering if I have jinxed the crypto market by starting to buy cryptos about a month ago. Right after entering, cryptos crashed and my initial purchase was down closed to 50%. Luckily, my sizing was small and I have split my initial capital into many smaller purchases …
A Boomer's Adventure in the Crypto World
How I Perceive CryptocurrencyI first wrote my views on cryptocurrency 3 years ago in this post and some of my views still hold. E.g. there are people who still can't differentiate between blockchain and cryptocurrency, assuming the adoption of blockchain drives crypto prices up. I still believe…
My Thoughts on Cryptocurrency
The first thing is to understand that blockchain technology or distributed ledger technology is not cryptocurrency. Distributed ledger technology is used by some cryptocurrencies but there are many other applications for it. If you think that there is great potential in the technology, it should n…