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Ivan Teo

Money and tech!

Ivan Teo

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Money and tech!

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Ivan Teo

  • Answers (4)
  • Questions (1)
  • Reviews (0)

Cryptocurrency

FIRE Movement

Bitcoin

Ethereum

Investments

To all crypto investors, what’s your outlook on Ethereum and Bitcoin?
Ivan Teo
Ivan Teo
Level 3. Wonderkid
Answered 2w ago
My opinions are as such: From a purely technical standpoint, Bitcoin has struggled to break the $10,000 USD mark, but also seen a strong support at the lower $9,000 USD region. Right now, it is hard to tell which direction BTC and ETH would move, as it is mainly in consolidation around this area. Therefore, I am neither bullish nor bearish, but am waiting for one of two signs: 1. Bitcoin price breaks above 10k and consolidates, causing the $10k USD resistance to act as new support. This would make me turn bullish and look for profit targets around the $12k USD region. 2. Bitcoin price falls below 9k , where I would continue waiting (rather than short bitcoin) and look for long entries when a strong support is found, preferably at the $6k USD region. Similar ideas apply to Ethereum. Take note that 1. Bitcoin has seen its price coupled with the price movements of the American equities market. (S&P500 is a good indicator) From this perspective, if you are bullish/bearish on the S&P500, it could make sense to carry those sentiments to cryptocurrencies. 2. Bitcoin's halving / FOMO should not be the main factor you decide to enter cryptocurrencies. 3. These are my only my own opinions, and cryptocurrencies carry huge risk, therefore trade / invest only with money you can afford to lose. Do also let me know if you strongly disagree with anything I mentioned. :)
👍 0

Cryptocurrency

Promo Codes

Multi Currency Cards

Anyone has referral for Crypto.com?
Ivan Teo
Ivan Teo
Level 3. Wonderkid
Answered 3w ago
Use my referral link https://platinum.crypto.com/r/kpdpsap73s to sign up for Crypto.com and we both get $50 USD :)
👍 0

MCO Visa Card

Cryptocurrency

Interest Rates

FIRE Movement

Investments

SeedlyTV S2E09

What are your thoughts on MCO Earn?
Ivan Teo
Ivan Teo
Level 3. Wonderkid
Answered 3w ago
I personally use MCO Earn, and I think its not too a bad deal. The primary concern for anyone putting money into MCO Earn would be the value of the cryptocurrency over time. Because cryptocurrencies tend to have more volatile price swings, you might lose more money than the interest rates earn you. That being said, USDT (a stablecoin that follows the value of the USD), offers a relatively stable price with a decent interest rate. (6 - 10% pa) This could be a good alternative to holding cryptocurrencies with higher interest rates but more volatile price swings. As long as the USD does not fall 6% against the SGD in a year, you'd be at least breakeven. It really depends on what is your perspective of the cryptocurrency that you put in the MCO Earn. If you believe the cryptocurrency - despite its price swings - will rise in value over time , feel free to some money in to enjoy the interest rates. Otherwise, put your money somewhere else where you feel more comfortable.
👍 2

Mobile Plans

Circles.Life

Promo Codes

Anyone has promotional/referral codes for Circles Life?
Ivan Teo
Ivan Teo
Level 3. Wonderkid
Answered on 11 Mar 2020
Hey guys, my code is: K6AIG3KI Wanna get FREE Unlimited Data for 3 months? Use my code: K6AIG3KI when you sign up for the Circles.Life 20GB for $18/mo plan. You’ll also get the $38 registration fee waived! Find out more here: https://activate-shop.circles.life/activate/sa_delivery?reset=true&code=K6AIG3KI
👍 0
Level 3. Wonderkid
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