My #1 advice for those of you who are new to buying crypto...

Only invest using money you can afford to lose.

The crypto world is a volatile one. Prices swing up and down all the time. Can you stomach the ride?

One moment your screen looks like this...

You're happy with your crypto profits, wondering if you should cash out, but then you remember that everytime you sold previously it only went up higher. So you decide to hold onto your coins.

Then the next moment this happens:

Are you sure you can sit through this?

Maybe you think you're not good enough, so you decide to go on the Internet to find if there's anyone you can learn from. You decide to find out what everyone thinks are good cryptos to invest in. After all, the wisdom of the masses must surely be right, right?

Then this happens:

The other day someone's post appeared on my feed (yes, in Singapore if I remember correctly). He had taken out his home mortgage to buy Bitcoin at USD 19,000. Now his $100k has dropped to $75k and he's in deep trouble. He asked for help on whether he should sell.

You can just imagine what people had to say to that.

Lastly, there are also tons of unethical social media "influencers" who are now promoting crypto in ways that I completely do not agree with. Last month, a popular Youtuber made USD 500,000 by promoting a coin which ranks #1 on my list of shitcoins. (Fun fact: Ripple ranks #2 on that same list, heh.)

Did you also know that there's lots of price manipulation going on, and tons of of pump & dump happening in crypto? (They pump to you --> you buy at high --> they sell and take profit).

Let's not forget the "gurus" sharing about how they're a millionaire thanks to Bitcoin and crypto. One promises to teach you for free. Pay 0.1 Bitcoin to join his group and he'll give you tips.

I'm not gonna risk getting sued here by naming them, but you can just Google about all these and see for yourself. It is all there on the charts. The history is as clear as day.

So do you have enough guts for crypto?

Having said that, I've not lost a single cent on any of my crypto investments thus far, and I intend to keep it that way. My secret? Buying only coins that are NOT shitcoins. There's tons of shitcoins out there and they're doing a fantastic job of masquerading otherwise. Unlike stocks, these coins are mostly NOT tagged to any assets (eg. free cash flow, property, bank fixed deposits). But my story for crypto will come another day. Am I a genius or a guru? Neither, as there are also folks who made profits from investing in shitcoins. Ultimately, you just need to know how to balance your own risks. If you don't share your profits, then don't cry when you lose.

Should you go into crypto? Yes, I think so. Even if it's just $100, or $1000, or $10,000. Use what you're willing to lose. I cannot promise that you'll be in profits, but I can promise you that this is going to be the most unforgettable ride of your life.

Now HODL! (that's not a spelling mistake, it stands for Hold On for Dear Life)

Also read:

For those of you on the mailing list, I'm going to send out a private email to you guys to warn you about a platform that is being (irresponsibly) promoted by popular SG lifestyle influencers right now. You can follow their lead if you want to buy and NOT OWN your own Bitcoins. Look out for that in your inboxes soon!

Next post: My Best Crypto Investment for 2018 (no, it isn't Cardano)

With love,


  1. Have u heard of FYB-SG?Is it legit?

  2. Budget Babe: why not share ur crypto portfolio in the blog ? :-)

    1. Nah. I don't want people to blindly follow my lead and buy what I buy. They should be doing their own homework and investing in their own cryptos ^^

  3. Which are the shitcoins and good coins?


    This is the story of HODL.

    1. Isn't it hilarious? I read it months ago and thought it was so funny but apt at the same time, haha!

  5. Ripple might be over-manipulated and pumped way too high at the moment but I don't think it's a shitcoin. I know its centralized and has huge stake from the owners and banks support but it has plenty of uses for the future and banks and institutions could benefit from it.

    1. If you believe so lor. Doesn't change my impression of Ripple. Post on why I think XRP is a shitcoin coming up. I just need to articulate my thoughts and link to proper sources as citations first.

    2. Anyway if you realllllllllly believe in XRP, don't let me change your mind :P otherwise later XRP keeps going up, you come back slam me for stopping you from profits how? I cannot take the responsibility lol.

  6. Do you think BitConnect is legit?

    1. Don't ask me, ask Vitalik

  7. What do you think about iota?