Thursday, January 14, 2021

WHERE TO MR.BITCOIN ?

In 2016, I advised my friends and family to invest in Bitcoin. At that time, it was US$ 450. Let me rephrase this, I BEGGED them to invest.
I recall, in July that year, I hosted a dinner for about 15 people to explain how blockchain technology was going to become mainstream in some 5 years. I'm embarrassed to say, only 2 of the 15 who attended, believed me. I must have done a bad job in my explanation.
But those 2, will always buy my beers/meals if they saw me till today. I can honestly say, with a minor investment in 2016, one of them is half a millionaire, if not more. I have never asked a penny from either of them for the free advice.
Since then, I had met the regulators and "Big 4" accounting firms to extoll the virtue of the cyber-economy, and depending on how you see it...to gain from understanding it. Again, I am embarrassed to say, only 1 of the big boys, saw it meritorious enough to engage with me in a meaningful way. I can attest, this Firm, is ecstatic (especially it's partners) over their decision. In the traditional world, you would call it a "10 banger" ROI.
Today, when Bitcoin is US$34,000, both my friends who believed, as mentioned earlier, have done phenomenally well.
I have also taught classes since late 2017 together with my erstwhile partner, Mr. Louie Pinto. My students (maybe 800+) are very happy that they "only" made maybe some 300% pa returns. I do not teach classes anymore because of Covid.
I have more theories on where Bitcoin will go to in the next 10 years. And for the sceptics, I also have the traditional stocks (in the US) to punt. Call it, occupational yield. (Just listen to minute 13 onwards......https://www.youtube.com/watch?v=WdQBJc3qVPs&feature=youtu.be)
Another "freebie" for those who believe. Buy some Tesla stock. In 2020, it went up 8x. I expect it to go up another 5x in 2021 (I'm always very conservative in my forecasts). But US stocks are very hard to buy if you are not a credit worthy American citizen or don't have access to the US stock market. But as always, I know of a resourceful way around this
But I also have to make a living "mah" (Hokkien emphasis term for those who don't know it) - I spent much time in researching this. I'm happy to show you how to do this but to be fair to me, I will charge a one time fee of US$ 1000 to help you to do this. If you think this is fair, then please pm me.
In any case, you can't lose with the free advice above.
Cheers.




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