Skip to main content

I just dug deeper into the crypto rabbit hole

<pic from google images>

I just dug deeper into the crypto rabbit hole.

I started the journey just in Feb this year, starting off with Gemini where I earned free US$10 in BTC lol.

It took me 6 months to pump in more money in Aug and decided to generate interest on my coins via Hodlnaut and received a US$20 signup bonus.

Thereafter, within the month, I set up another staking account with Celsius where I gained 8.88% APY on stablecoins and received US$50 BTC reward on US$400 staked.

In the same month, I signed up for Cakedefi because I was lured by the 88.9% APY. 
In Sep, I registered for the Crypto.com account given it's attractive promotion of SGD100 in CRO coins. Psst, it's recent run-up has been giving me quite a good % gain ðŸ˜Š

Now in Nov, within just these few days, I ventured beyond buying coins from the CEXs.

I transferred, swapped/bought new coins sitting in my crypto wallet.

I gambled and got my first meme coin.

I participated in my first liquidity pool at 377% APY currently.

With money that I hope not to lose, but can afford to. In return, other than hoping for good gains down the road, I gained guts and experiences to venture more! 

It's mind blowing. Plus scary with every transaction - each transfers make me worry that the addresses are keyed in wrongly, or somehow something screws up mid-way and I don't know what's wrong. After all, if there's a mis-step, I'd incur hefty fees or lose my money.

Speaking of hefty fees, I made a stupid mistake. In order to buy new coins, I keh kiang and transferred USD from Gemini to DBS hoping to transfer elsewhere again. Stupiak! I was charged a $10 transaction fee. I was too reckless. 

I was upset for a while, but no point crying over spilt milk. Hopefully whatever I bought can recoup back the fees many times in years to come....

Allow me to share more on what I bought only when I feel ready. Because right now, I'm just whacking and trying out stuff to understand what's going on ðŸ¤­

*pats my own back*

Labels:

Comments

  1. capstoneDecember 5, 2021 at 8:35 PM

    DeFI's APYs are just a whole new ballgame. Take a look at Olympus DAO and its forks such as Wonderland

    ReplyDelete

Post a Comment

No rude messages please. Unkind messages and spams will be blocked and deleted.

Popular posts from this blog

I finally cross $700k networth, after 1 year 4 months

I wondered how I should kickstart this post - should I be positive or negative about this? After 1 year 4 months, I finally crossed $700k in networth - returning back to where I've been at, back in Dec 2021.  I am disappointed.  For the past many years, I've always been growing my networth, at around $100-$150k/year. I had big plans to hit a net worth of $850k by December 2022, but the universe had other plans for me. Instead, I only managed to reach $646k, leaving me with a $204k gap to my target.  Ever since I became more aggressive in my "investment" portfolio in 2021, being sucked by greed to deploy most of my cash into stocks and crypto, I fell heavily, along with the crashes. Crypto wiped out 5 digits savings, so did the stock market.  To be honest, ever since the crashes and a bad hit to my net worth, I actually didn't do anything special to improve. I didn't make drastic spending cuts, I didn't stop my holidays, I didn't continue investing (no
2 comments
Read more

Starting 2023 with extra $9,979.20

Happy 2023~! I woke up feeling not very positive. It seems like I've brought forward my 2022 negative thoughts along. I ought to be more optimistic! Anyway, my best way of welcoming the new year is to count the new inflow of $ and here's my CPF interest for 2022: Have you check your CPF interest yet?
1 comment
Read more

First CPF top up in Jan 2023 and tax relief concerns

Detailing my yearly CPF top-up and thoughts.  This is my 8th year of top-up. 1. Top-up $2.5k to Medisave via Paynow Did a $2,500 top up to my Medisave, bringing it to 2023 MA ceiling of $68,500. Done the same for my husband as well. 2. On hold - To top up $5.5k to SA or no? Contrary to the past where I top-up at the start of the year, I have decided to hold off the top-up. A) Running out of cash Firstly, I'm running out of cash. I'm berating myself for degrading to the past where I look forward to my monthly income for cashflow. So I can build up my $100k capital in savings account again, given the current high interest environment.  B) Hitting FRS soon = no tax relief Secondly, I'm concerned about reaching FRS too soon.  The FRS this year is $198,800. I'm now sitting on ~$157k SA which means $41,800 away from reaching this ceiling.  I know some people encouraged maxing this out ASAP. But, as I've crossed 6 digits annual income, maxing FRS soon meant lower tax relie
1 comment
Read more