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

What the luck? DBS and OCBC banking tokens died!

What luck. My ibanking tokens went dead one after another. OCBC Token First was my OCBC token. It said "low battery", but I ignored it. And when I finally need to use it, it was dead. Granted that I could use SMS OTP, I had to make a big transfer to other banks and it was over the withdrawal limits. And to do that, I needed the ibanking token. And serve me right for not activating the onetoken. In the end, I had to call in to OCBC call centre for a replacement. 7 working days, they said. What a long wait. In the midst of it, I needed to make my interbank transfers. I even went down to OCBC bank and explored a stupid manual way i.e to withdraw cash and deposit into the other bank. But the moment they told me they ran out of big notes, I got scared. While waiting for the token to arrive, I figured I could actually do transfers in smaller amounts, but had to bear with a daily cap. Sigh. And, one week later, my OCBC token arrived. How efficient. DBS token
3 comments
Read more

Extremely bad start with UOB One

With the influx of posts on social media re UOB One (psst on grabpay) and the receipt of my house keys, I decided it was the time to sign up for a UOB One account plus credit card. It was gonna be the best tool for household joint expenses and joint savings. However, I've faced multiple hiccups that made me VERY frustrated....WHY ME?! 1. Delayed approving process led to losing out of sign up bonus First, I signed up for the UOB One card and Account in early Oct through Singsaver's promotion. The promotion said that I'd get to enjoy cash incentive for registration + UOB's promotion of $80 cash credit with min $1k spent within 30 days of card approval. Mind you, t hese terms were stated to end on 31 Oct , extracted below: S$80 Cash Credit for  UOB  One Account:  Limited to the first 500 new to  UOB  Deposits customers who either (i) deposit and maintain $5,000 or (ii) credit their salary, into their new  UOB  account for 6 consecutive months. Terms and conditio
11 comments
Read more