To those who are still in Property and Stock Investment [Archive] - Condo Forum Singapore Property Review Mortgage Loan Buy Rent Sell Real Estate

View Full Version : To those who are still in Property and Stock Investment

dtrax

31-08-17, 16:08

These last 6months has been a hell of a ride. Am not sure if any of you guys are into crypto currency investment as I know many peers in my age or older generation are highly skeptical on cryptos especially with MAS multiple warnings on ICOs or "Shit coins".

If anyone has follow the movement of the Main coins, primarily the big three: Bitcoin, Ethereum or Litecoin. Here are the returns for the past 6 months:

http://forums.condosingapore.com/attachment.php?attachmentid=10625&stc=1&d=1504166629

(+650%)Invest US$10k -> 65K

http://forums.condosingapore.com/attachment.php?attachmentid=10626&stc=1&d=1504166629
(+1900%)Invest US 10k-> 190K

So what is bitcoin?
Bitcoin Explained:
https://www.youtube.com/watch?v=kubGCSj5y3k&t=2s

Bitcoin going $500k in 3yrs?:
https://www.youtube.com/watch?v=40ThbQL7VzA

Full documentary on Bitcoin:
https://www.youtube.com/watch?v=CTbyaj8Y-Co

The Crypto world is fill with more than 900 other alt coins, with even higher returns. So go as high as 25,000%, some went underwater and drop to less than 10% or in some extreme cases become worthless (shit coin):

https://pbs.twimg.com/media/DHmRFEXU0AEWbAX.jpg

For example, if you invest US$8k in Neo(China version of Ethereum) last yr, you would have easily earn US$1mil.

Disclaimer: Crypto Investment is still afterall a high risk investment. Do not invest more than what you can afford to lose. High RISK High reward. Invest only what you know in alt coins investment

have fun investing!

HP65

31-08-17, 21:27

Arcachon

31-08-17, 22:35

http://www.hkma.gov.hk/eng/currency/2010_series/images/banknotes/banknotes_boc_1000_front.jpg

https://www.theibns.org/joomla/images/stories/bnoy2010/HongKong_HSBC_1000_dollar_front_web.jpg

https://www.leftovercurrency.com/wp-content/uploads/2016/11/1000-hong-kong-dollars-banknote-hsbc-1993-1999-obverse-1.jpg

https://www.leftovercurrency.com/wp-content/uploads/2016/11/1000-hong-kong-dollars-banknote-standard-chartered-bank-1993-issue-obverse-1.jpg

https://www.google.com.sg/search?biw=1094&bih=487&tbm=isch&q=hong+kong+currency+1000&sa=X&ved=0ahUKEwjMy-XD2IHWAhXEMo8KHY-tA7EQhyYIJw#imgrc=_NIEzeu35gn0oM:

Arcachon

31-08-17, 22:39

Wow, did not know there are people here into cryptocurrency! Agree be careful....there are tonnes of scammers out there but if you manage to find one, the returns are amazing. My advice is to work with a few friends and share your research with each other... I'm researching a few ICO with a few friends now.....

Quite a few Reddit, YouTube also provide good info..l,

Still remember the Mac Donald Hello Kitty selling at 50 Dollar.

HP65

31-08-17, 23:02

Still remember the Mac Donald Hello Kitty selling at 50 Dollar.

Brother.....this is not MacD Hello Kitty. It's really the future.....

dtrax

01-09-17, 02:14

Yup, very important - Do your own research.

I will posting some crypto news here for sharing.

Just went into Monetha.io ICO today, $28mil sold out in 18mils - https://steemit.com/ico/@kanashimi/monetha-ico-sold-out-within-minutes

dtrax

01-09-17, 02:17

https://www.cnbc.com/2017/08/30/venezuela-is-one-of-the-worlds-most-dangerous-places-to-mine-bitcoin.html

Cryptocurrencies like bitcoin have long been seen as a risky investment, but in places like Venezuela, they can also be dangerous.

Thousands of Venezuelans have turned to secretly mining the digital currency for their economic survival, and for many that means risking jail time.

Venezuela was once the richest country in South America, but it's now in crisis. It stands at the brink of civil war. Deadly protests paralyze city centers. It's the world's most indebted country, and its GDP has collapsed. Food and basic necessities are scarce, people are rationing toothpaste and toilet paper, and there are even reports of hungry Venezuelans killing flamingos and anteaters for food.

View of damages in a supermarket in Valencia, Carabobo State, on May 5, 2017, the day after anti-government protesters looted stores, set fire to cars and clashed with police, leaving at least five people injured, and one dead after being hit in the head by a projectile.
Ronaldo Schemidt | AFP | Getty Images
View of damages in a supermarket in Valencia, Carabobo State, on May 5, 2017, the day after anti-government protesters looted stores, set fire to cars and clashed with police, leaving at least five people injured, and one dead after being hit in the head by a projectile.
The country's future economic picture looks just as bleak. It already has the highest inflation rate on the planet. The International Monetary Fund expects prices in Venezuela to rise more than 1,100 percent this year.

Venezuela's currency — the bolivar — is in free fall. Going against black market rates, it's lost 99.4 percent of its value since 2012. But bitcoin, ethereum and other cryptocurrencies are insulated from all that. They're fully decentralized so they're immune to what's happening in any one country — regardless of where they're mined. And that's why Venezuelans have turned to mining.

Venezuela's underground cryptocurrency miners

In the cryptocurrency world, miners use computers to do the bookkeeping for digital transactions, verifying them and adding them to a public ledger. When someone mines, they earn digital currency as a payment for their efforts. It's been a lifeline for people like "Brother," a nickname used by an individual who lives just outside Caracas, who only agreed to speak to CNBC on condition of anonymity.

The 29-year-old father initially got into mining because his $43 monthly salary from his government job wasn't enough to support the baby girl he and his wife had on the way. That's when he decided to start illegally using computers in his government office to mine. He has since quit his job and now mines using his own equipment from home.

"Because of my daughter, I didn't think of it as a risk to what could happen to me in the company. I have to take the risk for her. I have to do this for her," says Brother.

"Brother" is based just outside Caracas and only agreed to speak to CNBC under anonymity.
Source: CNBC
"Brother" is based just outside Caracas and only agreed to speak to CNBC under anonymity.
Brother's story is a familiar one. David Fernando Lopez has since fled the country, but he once ran a bitcoin mining farm out of Caracas for three years. He was 40-years-old and didn't have a job. Mining was the one thing that could take him out of poverty. "You can feed a family with one ether rig. It's a fact."

Lopez says that a lot of people are doing this right now. "Andrea Perez" is among them. CNBC is using an assumed name for her to protect her identity. Andrea works three jobs, yet mining bitcoin represents roughly 80 percent of her income, or around $120 per month. "For me, bitcoin has represented the ability to be able to support and feed my daughter in a very volatile environment."

With a drastic shortages of supplies, Lopez says the easiest way to get basic amenities is to use cryptocash on e-commerce site purse.io. He orders staples like soap, deodorant, and shampoo — then a courier from Miami will deliver the goods right to his office. Others use cryptocash to buy vital medicine, like insulin, from overseas.

"You can feed a family with one ether rig. It's a fact."
-David Fernando López, Former bitcoin farm operator
The process of mining itself isn't all that intuitive, so many have turned to online forums and YouTube tutorials to learn how to do it. Randy Brito runs an online forum called Bitcoin Venezuela that teaches people how to mine. Brito operates remotely out of Spain, having fled Venezuela with his family when he was 14. What started as a community of 10 users has ballooned to nearly 10,000 people.

"People are barely making a living with their jobs there. Even if they're a professional, they are not able to work," Brito said. "So people are finding that mining is a way to make a predictable income for their families."

Though it's a vital source of income for many, he says the danger of mining is becoming more acute by the day. "People who mine bitcoin or crypto with mining rigs, they're usually doing it underground," said Brito.

David Fernando Lopez spent three years running a bitcoin mining farm.
Source: David Fernando López
David Fernando Lopez spent three years running a bitcoin mining farm.
Venezuela's crackdown on mining

Mining cryptocurrency is completely legal in Venezuela, yet police have been arresting miners.

It began with Valencia-based Joel Padron and Jose Perales. Local media reported both were arrested and detained for several months in 2016 on charges of energy theft and possession of contraband.

The number of arrests and raids has steadily grown since then. When asked about why authorities were cracking down so hard on bitcoin miners, a detective from the national police (CICPC) told CNBC that in many of these cases, suspects were "exploiting resources without documentation."

Lopez ran his mining farm out of Caracas.
Source: David Fernando López
Lopez ran his mining farm out of Caracas.
However, some miners said the Venezuelan government views cryptocurrencies as a threat to the already weak bolivar and to its strict rules about capital flight. Government officials could not immediately be reached for comment.

One Reddit post by a Venezuelan bitcoin miner claimed that, "miners are getting jailed and accused of terrorism, money laundering, computer crimes and many other crimes. It's getting crazy here and I really don't want to waste my life for money."

"Miners are getting jailed and accused of terrorism, money laundering …"

A year ago, "Tego Sanchez" spent his life savings on mining hardware and taught himself to mine. It now accounts for 80 percent of his income. At ethereum's peak price, he earned roughly $20 daily. But the 23-year-old says he lives in constant fear of being caught after seeing his friends arrested in raids. He says that's a big reason Venezuela's crypto community largely runs on secret groups and encrypted messaging apps like Telegram. That's also why he uses an assumed identity.

"Tego Sanchez" spent his life savings on mining hardware.
Source: CNBC
"Tego Sanchez" spent his life savings on mining hardware.
"I haven't had any problems with national security forces because I don't talk about it. Not even my friends know what I do," he said. "My grandmother is the only person who knows because I live with her."

"Mateo Patino" also taught himself to mine back when the economy went sideways in 2012. At the height of bitcoin's value, he raked in up to $600 monthly, roughly three times the wage he earned as a journalist.

Patino says he was approached by the SEBIN, an acronym given to the country's intelligence service — the Servicio Bolivariano de Inteligencia Nacional. "They started to ask questions about why I was drawing so much power from my house. I actually turned off all my bitcoin miners, and I moved them to another secure location."

A friend of Lopez helped assemble his bitcoin mining farm back in 2013.
Source: David Fernando López
A friend of Lopez helped assemble his bitcoin mining farm back in 2013.
This is one way authorities track down miners. Venezuela has heavily state subsidized electricity. That keeps the price low, which is a major incentive, because mining for cryptocurrencies takes an enormous amount of electrical power. However, it also means police monitor power consumption all across the country. Miners said when authorities see that somebody is using too much electricity, they go after them.

That's why many arrests of miners are on charges of internet fraud and electricity theft. Earlier this year, four miners in Charallave were arrested for allegedly endangering the stability of the town's electrical service.

Brother said he not only protects his online identity; he also conceals his electrical footprint. He has split his mining equipment across three different locations, and pays his neighbors to use their electricity so he can spread his devices across multiple power grids.

National electricity transmission grid of Venezuela
Source: CNBC
National electricity transmission grid of Venezuela
But even using precautions, Patino said, mining for bitcoin, in particular, is a major gamble.

"Mining bitcoin became something out of a spy movie, because miners were getting arrested on false charges," Patino said. "Many bitcoin miners are being prosecuted. Many, they're scared, they're paranoid."

Lopez said he ultimately had to get out of the business entirely for his own safety. Though 99 percent of his net worth is still invested in bitcoin, Lopez said he now chooses to trade the cryptocurrency instead, a bystander as the danger of mining grows.

After getting out of the business of mining, Lopez ultimately fled Venezuela.
Source: David Fernando López
After getting out of the business of mining, Lopez ultimately fled Venezuela.
Venezuela is just one country in deep political and economic crisis, but it illustrates why digital currency alternatives like bitcoin are gaining in importance.

Joe Lubin, co-founder of the cryptocurrency ethereum, argues in challenging conditions where natural currencies are spiraling out of control, cryptocurrencies are integral to survival. "Yes, they're volatile. But they represent real lifesaving value to many people in many countries around the world."

indomie

01-09-17, 02:20

One must ask why all these internet coin must exist?.... The simple answer is because our traditional currencies are being expanded to such irresponsible quantity. Therefore even "non sense" digital currency has value. Digital currency can only exist as long as the central banks keeps printing. If the central banks ever stop printing....the value of digital currencies will collapse (which most certainly never happens). Because, In the land of the blind, the one-eyed man is king.

dtrax

01-09-17, 02:21

Blockchain Guru Hits Singapore

Do you know that the founder of Ethereum is now based in Singapore?

https://www.finews.asia/finance/24514-blockchain-fintech-financial-technology-singapore

Forbes 40 under 40, Vitalik rank 10:

http://fortune.com/40-under-40/

dtrax

01-09-17, 02:27

Highly agreed. Many africans dont trust the currency to the extent that there are hardcore bitcoin maximalist due to the unstable nature of their nation's currency. Turns out to be a blessing in disguise for those who bought in early are now all multi-millionaires... at least on paper until they cash out in fiat

dtrax

01-09-17, 02:43

Bitcoin Teenage Millionaire

https://techcrunch.com/2017/08/18/they-call-him-mr-botangles/

indomie

01-09-17, 02:49

At the current rate there are 1 new ICO per day. In the end there are probably thousands of digital currencies exist. Most of these currencies will go down to zero. Only the most innovative will survive. One will emerge as a winner like Google.....other will collapse like Yahoo.

dtrax

01-09-17, 03:28

The top 10 coins in coinmarketcap.com are always changing hands and it is getting fast n furious. Who knows one day bitcoin might be replaced eventually by some other coin. Only the strong will survive in the fast moving blockchain technology. Competition (as well as scams) are becoming more rampant. Crypto world have to learn to spread the risk, even if 9 out of 10 coins turns shitty, your single coin x20 returns already can cover way more than your losses. Very important to do your own research.

dtrax

01-09-17, 03:31

Right now as it stands, 172 Billion dollars are injected into the crypto world and bank and institution grades are slowly getting into the game.
Just over a month ago, it was half of this market size: https://coinmarketcap.com/charts/

Bubble or not, it is up to you to decide.

dtrax

01-09-17, 03:32

Highly volatile market, a coin can tank in value of more than 50% in just one day: https://coinmarketcap.com/assets/monaco/

Typical market manipulation and the "buy the rumour, sell the news" game.

dtrax

01-09-17, 03:37

Wow, did not know there are people here into cryptocurrency! Agree be careful....there are tonnes of scammers out there but if you manage to find one, the returns are amazing. My advice is to work with a few friends and share your research with each other... I'm researching a few ICO with a few friends now.....

Quite a few Reddit, YouTube also provide good info..l,

Yup collective brain power can be good. Reddit is a GOOD source of info. Youtube is good as well but must be beware of some youtube influencers that might "get paid" to promote ICOs. Must do your own due diligence as always

Arcachon

01-09-17, 06:35

Arcachon

01-09-17, 06:36

Brother.....this is not MacD Hello Kitty. It's really the future.....

Take a few step backward look at the Digital currency and you will see it is the same shit, they just call it a different name.

indomie

01-09-17, 09:55

So you think the Digital is not ????????

With the way fiat money is being printed.....even toilet paper called digital currency has more value

Arcachon

01-09-17, 10:55

With the way fiat money is being printed.....even toilet paper called digital currency has more value

Digital money to me is another Mac Donald Hello kitty.

You get it free and sell it for 50 Dollar.

dtrax

01-09-17, 12:11

http://www.straitstimes.com/business/six-big-banks-join-blockchain-digital-cash-settlement-project

Six big banks join blockchain digital cash settlement project
PUBLISHED AUG 31, 2017, 5:03 PM SGT

ZURICH (REUTERS) - Six new banks have joined a UBS-led effort to create a digital cash system that would allow financial markets to make payments and settle transactions quickly via blockchain technology.

The group aims to launch the system late next year.

Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have joined the group developing the "utility settlement coin" (USC), a digital cash equivalent of each of the major currencies backed by central banks, UBS said on Thursday.

The group is in discussions with central banks and regulators and is aiming for a "limited 'go live'" in the latter part of 2018, UBS's head of strategic investment and fintech innovation told the Financial Times.

The Swiss bank first launched the concept in September 2015 with London-based blockchain company Clearmatics, and was later joined on the project by BNY Mellon, Deutsche Bank , Santander and brokerage ICAP.

The USC would be convertible at parity with a bank deposit in the corresponding currency, making it fully backed by cash assets at a central bank. Spending a USC would be the same as spending the real currency it is paired with.

Blockchain works as a tamper-proof shared ledger that can automatically process and settle transactions using computer algorithms, with no need for third-party verification.

Because it does not require manual processing, nor authentication through intermediaries, the technology can make payments faster, more reliable and easier to audit.

dtrax

01-09-17, 12:15

https://www2.deloitte.com/sg/en/pages/financial-services/articles/project-ubin-sgd-on-distributed-ledger.html

https://coinjournal.net/wp-content/uploads/2017/06/Architecture-of-Project-Ubin.png

http://www.mas.gov.sg/Singapore-Financial-Centre/Smart-Financial-Centre/Project-Ubin.aspx

MAS announced on 16 November 2016 that it is partnering R3, a Distributed Ledger Technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. The consortium includes Bank of America Merrill Lynch, Credit Suisse, DBS Bank, The Hongkong And Shanghai Banking Corporation Limited, J.P. Morgan, Mitsubishi UFJ Financial Group, OCBC Bank, R3, Singapore Exchange, UOB Bank, and BCS Information Systems as a technology provider to the project.

dtrax

01-09-17, 12:19

Litecoin just up another 12% today, almost dominated by the entire Korean market who are crypto siao

https://coinmarketcap.com/currencies/litecoin/#markets

Arcachon

01-09-17, 12:43

Litecoin just up another 12% today, almost dominated by the entire Korean market who are crypto siao

https://coinmarketcap.com/currencies/litecoin/#markets

Hello Kitty Siao.

dtrax

01-09-17, 13:00

They all in crypto siao:
https://www.forbes.com/sites/elaineramirez/2017/08/02/crazy-for-cryptocurrency-why-south-koreans-are-risking-it-all-on-ethereum/#36fedca16341

Arcachon

01-09-17, 13:30

They all in crypto siao:
https://www.forbes.com/sites/elaineramirez/2017/08/02/crazy-for-cryptocurrency-why-south-koreans-are-risking-it-all-on-ethereum/#36fedca16341

They should come to Singapore to learn Hello Kitty siao first.

dtrax

01-09-17, 13:38

They should come to Singapore to learn Hello Kitty siao first.

Trust me, it is worse that hello kitty. There are banks and institution grade in Korea pumping money into crypto. Korea alone can make the entire bitcoin/eth/ltc tank or chiong to the sky

dtrax

01-09-17, 13:42

I have known someone who is helping companies and banks in Singapore setting up mining farm liao, I have seen the actual setup but cant verify which bank doing mining.

Even Fidelity, one of the largest assets management company in the world are doing bitcoin mining. They are really late in the game, but well better late than never:

https://qz.com/990229/one-of-the-worlds-largest-financial-services-firms-is-mining-bitcoins/

https://news.bitcoin.com/fidelity-integrates-coinbase-mines-bitcoin-21-inc-computers-accepts-bitcoin-at-cafeteria/

https://www.cnbc.com/2017/08/09/fidelity-allows-clients-to-see-digital-currencies-on-its-website.html

dtrax

01-09-17, 13:45

Life in Bitcoin Farm

https://www.youtube.com/watch?v=K8kua5B5K3I

dtrax

01-09-17, 13:46

Photos of bitcoin farm:

https://qz.com/1026605/photos-chinas-bitcoin-mines-and-miners/

indomie

01-09-17, 14:05

Photos of bitcoin farm:

https://qz.com/1026605/photos-chinas-bitcoin-mines-and-miners/

This is what human race has become... doing useless activity, using precious electricity not for producing food, but for mining crypto currency.

Kelonguni

01-09-17, 14:21

This is what human race has become... doing useless activity, using precious electricity not for producing food, but for mining crypto currency.

It highlights how much actual excess liquidity there is in the market.

dtrax

01-09-17, 14:30

May I introduce you Proof-of-Stake:
https://www.youtube.com/watch?v=ASCGQFZgcT8

Most mining farms in China (hydro electric power) or Russia do produce excess electricity which are not put to use:
https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining

dtrax

01-09-17, 14:32

I have friends in Surabaya doing Mining, electricity is freaking cheap there. Go sim lim square buy graphics card go back Indon mine ah mine...

HP65

02-09-17, 01:06

They should come to Singapore to learn Hello Kitty siao first.

Brother, you wish your dad left you properties. Your son will wish you leave him with this cryptokitty besides properties. You dun need brains to 'mine' hello kitty....please thank dtrax. He is literally doing community service.

HP65

02-09-17, 01:12

dtrax

02-09-17, 04:07

Brother, you wish your dad left you properties. Your son will wish you leave him with this cryptokitty besides properties. You dun need brains to 'mine' hello kitty....please thank dtrax. He is literally doing community service.

No worries, just sharing what I have know. Besides, there's no harm expanding one's knowledge be it for investing or interest in technological trends. I am not surprised really because this is still a very small community of local investors(mostly younger groups) so fierce resistance is definitely within my expectations especially with all the negative news being portrait to the mass market. Crypto investing have to be very very savvy, in fact scams are so rampant that I have never been so paranoid in my entire life :sulkiness:

dtrax

02-09-17, 04:49

Country-Level cryptocurrency milestones:

https://www.coindesk.com/south-korean-lawmaker-seeks-tighten-cryptocurrency-rules/

https://nextshark.com/bitcoin-now-officially-legal-south-korea-payment-method/

https://cointelegraph.com/news/bitcoin-to-become-just-like-money-in-australia-july-1

https://www.coindesk.com/russia-could-pass-its-cryptocurrency-law-this-year-senior-lawmaker-says/

https://www.coindesk.com/bitcoin-india-inches-closer-developing-cryptocurrency-rules/

dtrax

02-09-17, 05:41

https://techcrunch.com/2017/09/01/rip-juicero-the-400-venture-backed-juice-machine/?ncid=rss&utm_source=tcfbpage&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29&utm_content=FaceBook&sr_share=facebook

ICOs are high risk high reward investment. The same analogy can be applied to the fate of a well funded startup like Juicero that raised over $118 mil from reputable VCs.

RIP Juicero

dtrax

02-09-17, 05:44

Fraudsters just stole $7 million by hacking a cryptocoin offering:

https://www.cnbc.com/2017/07/17/coindash-website-hacked-7-million-stolen-in-ico.html

dtrax

02-09-17, 05:46

https://www.youtube.com/watch?v=qdoUpGg_DpQ

dtrax

02-09-17, 06:06

Questions to:
-How to Identify if a potential company launching an ICO is selling shitcoins (snake oil) when reading their whitepaper(technical stuff)
-Why hacking is so rampant in the crypto space
-What is an Utility token (Protip: An ICO which issues coins that are no Utility tokens by nature [which most aren't] are essentially treated as Securities and NOT US SEC/MAS approved)
More Info: https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91

https://www.youtube.com/watch?v=v8iOuEzFrrk&t=29s

dtrax

02-09-17, 06:17

https://www.youtube.com/watch?v=BmszN-3DOgc

Arcachon

02-09-17, 12:49

Hello Kitty

Arcachon

02-09-17, 12:52

Brother, you wish your dad left you properties. Your son will wish you leave him with this cryptokitty besides properties. You dun need brains to 'mine' hello kitty....please thank dtrax. He is literally doing community service.

Go in Fast remember to come out faster.

You should try this. https://purtier.com/

I wish I could buy a property for my Dad to stay before he Leaves.

My Son will do much better than me.

Arcachon

02-09-17, 18:56

HP65

05-09-17, 17:01

Not for the faint hearted...

Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal

dtrax

26-10-17, 15:01

Indeed. It all depends on the entry time.

Charts dont lie. Here is the most basic crypto currency, Bitcoin. The gold standard in the cryptosphere performance 2 months later from Sep:

http://forums.condosingapore.com/attachment.php?attachmentid=10657&d=1509001434

dtrax

26-10-17, 15:05

It has dropped to as low as $3000 and has surpass yet another historical high of $6200. Currently it stands at $5700. If entry point of $4000 and by just holding this asset, it will be a 40% gain

dtrax

26-10-17, 15:11

1. Singapore wont regulate crypto currencies:
http://www.straitstimes.com/business/companies-markets/singapore-wont-regulate-cryptocurrencies-remains-alert-to-risk-ravi-menon

2. Jamie Dimon shouts Bitcoin is fraud:
https://www.reuters.com/article/legal-us-usa-banks-conference-jpmorgan/jpmorgans-dimon-says-bitcoin-is-a-fraud-idUSKCN1BN2PN

3. Yet Jamie Dimon is betting big on Blockchain Tech
https://www.cnbc.com/2017/10/16/jpmorgans-dimon-betting-on-blockchain-even-as-he-calls-bitcoin-stupid.html

4. Apple Co-Founder says bitcoin is better than gold
https://www.cryptocoinsnews.com/apple-co-founder-wozniak-bitcoin-better-gold/
https://www.cnbc.com/video/2017/06/12/apple-co-founder-steve-wozniak-on-bitcoin-and-blockchain.html

5. HongKong and Singapore partners on blockchain tech
http://www.businesstimes.com.sg/government-economy/singapore-partners-hong-kong-to-boost-fintech-development

dtrax

26-10-17, 15:24

Another month as #PlatinumAchiever, an title given for grossing more than $200k commission.
Thank you to all business partners and consumers for your continuous support ��
For #order of our products and #CareerAdvancement, please feel free to contact my team leaders for an non obligatory discussion.

I fully get where you are coming from. I can assure, cryptospere is filled with the most ponzi, fraud, scams and hacks you can ever see in your entire life. So much so that I became very paranoid. The most fundamental approach is still doing your due diligence and never let greed overtake your mind.

A very simple case study: Regal Coin
https://coinmarketcap.com/currencies/regalcoin/

This is simply a MLM-based crypto currency. ICO price is $0.85 and boy, now it is a freaking $50 (x50 returns). Am I excited, YES! DO I want to be part of it? Hell No!

It really depends on your principles in investing. Some like many offline MLM, ponzi schemes got into the crypto version knowingly the fact that it is a scam and having a strong resistance against buying these types of coins goes a long way as compared to buying a coin backed by a real reputable team with strong use-case

Of cse, the above may not apply if one concludes that crypto currency is a bubble in the making

dtrax

01-11-17, 03:20

Bitcoin Surges After World's Biggest Exchange Announces Plans for Futures

https://www.bloomberg.com/news/articles/2017-10-31/cme-group-world-s-biggest-exchange-plans-bitcoin-futures

Bitcoin will be coming to the masses soon

Who is CME Group?
CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is an American financial market company operating the world's largest options and futures exchange. It owns and operates large derivatives and futures exchanges in Chicago, New York City, and exchange facilities in London, using online trading platforms.[3][4] It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades. The exchange-traded derivative contracts include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather, and real estate.[5] It has been described by The Economist as "The biggest financial exchange you have never heard of."

dtrax

02-11-17, 15:46

Visa approves Monaco cryptocurrency card for Singapore residents

http://www.todayonline.com/business/impact/visa-approves-monaco-cryptocurrency-card-singapore-residents

Crypto for the masses coming soon

dtrax

02-11-17, 15:48

Bitcoin SMASHES WAY PASS $7000 in Korean Market at US$7300
- https://coinmarketcap.com/currencies/bitcoin/#markets

Fomo is real, really regreted cashing out some btc for property loan repayments

dtrax

02-11-17, 17:56

Bitcoin Surges Past $7,000 to Extend Record Rally
https://www.bloomberg.com/news/articles/2017-11-02/bitcoin-surges-past-7-000-to-extend-record-rally-this-year

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i4FJX7WJlUbA/v2/1000x-1.png

dtrax

03-11-17, 09:33

One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day

https://www.bloomberg.com/news/articles/2017-11-02/bitcoin-exchange-added-100-000-users-in-a-day-as-price-exploded

Arcachon

03-11-17, 09:46

[QUOTE=dtrax;532206]One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day

https://www.bloomberg.com/news/articles/2017-11-02/bitcoin-exchange-added-100-000-users-in-a-day-as-price-exploded[/QUOT

which government willing to let money printing machine be under someone else hand.

Now they don't need any energy hungry machine to print money do you think they will go in.

Chinese is going after Chinese who export their money in order to keep they buy bitcoin guess what happen next.

dtrax

03-11-17, 15:14

Long term bitcoin will be regulated (taxation, trading etc..), one thing for sure bitcoin cannot be shut down.

Alot of China vol has gone to OTC as well as Online based OTC. Check out the vol of Chinese Yuan for online OTC at localbitcoins - https://coin.dance/volume/localbitcoins/CNY ever since the China ban.

It is virtually unstoppable. Right now, some of the China major exchanges have already shifted overseas primarily in Japan, Korea and Singapore registered exchanges. The RMB has already been shifted offshore for BTC trading

One thing about China ban, this is the Nth time it has happened and each time it has gotten higher and higher.

Also, the largest market does not lie in China to begin with or any countries listed so far that has fiercely outright ban BTC

dtrax

03-11-17, 15:39

Countries that bans crypto currency will be having the same situation like China where more funds will outflow to those countries that embraces crypto currency. Bitcoin as its core, is decentralized, not control by anyone or any nation. It is akin to saying that a Nation outright ban its own citizens from trading crypto currency as well as banning its citizens from bringing any fiat currency out of their nation

dtrax

20-11-17, 05:38

Bitcoin smashes past $8000

http://fortune.com/2017/11/17/bitcoin-price-hard-fork-segwit2x/

Arcachon

20-11-17, 15:32

I will not be surprised the Chinese is behind bitcoin.

dtrax

22-11-17, 19:28

I asked but no one actually believe you can buy property/pay property loans using btc

https://news.bitcoin.com/real-estate-world-shocked-to-find-out-how-many-people-have-bitcoin/

dtrax

22-11-17, 19:30

Can bankers be trusted?

Just weeks after Jamie Dimon shouts btc fraud, now make annoucement may be adding btc futures

https://cointelegraph.com/news/jp-morgan-chase-makes-surprising-announcement-may-add-bitcoin-futures

dtrax

23-11-17, 17:42

1/ Cryptocurrency market cap just smashes pass a quarter trillion:
https://coinmarketcap.com/charts/

2/ Ethereum just hit all time high smashes pass $400 for first time in history:
https://coinmarketcap.com/currencies/ethereum/

An astounding >30% month-on-month growth

dtrax

23-11-17, 17:46

Power Ledger, an ICO that nets 1000% return in 1 month:
https://coinmarketcap.com/currencies/power-ledger/
$10,000 investment will yield $100,000

1/ https://www.coindesk.com/australian-government-grants-8-million-for-blockchain-energy-pilot/

2/ https://www.techmahindra.com/media/press_releases/TechMahindra-PowerLedger-unite-to-unleash-the-powerofMaaS.aspx

dtrax

24-11-17, 03:35

Bitcoin has been declared dead 190 times by many since 2010:
https://99bitcoins.com/bitcoinobituaries/

dtrax

24-11-17, 03:35

Bitcoin is dead:
https://cointelegraph.com/news/bitcoin-cash-passes-1500-again-as-lead-dev-pronounces-bitcoin-dead

dtrax

24-11-17, 16:10

Largest fintech meetup ever:
https://cointelegraph.com/news/singapore-hosts-the-biggest-fintech-meetup-ever

dtrax

24-11-17, 22:20

Ethereum smashes past $440 today:
https://www.coindesk.com/all-time-high-ether-prices-pass-440-as-key-level-breached/
Looks like $500 is within sights based on TA

dtrax

25-11-17, 17:18

Institution Investors a.k.a Smart Money are beginning to flood into crypto world:
https://news.bitcoin.com/coinbase-announce-cryptocurrency-custodianship-institutional-money-floods/

CEO Brian Armstrong announced news of Coinbase Custody, a digital vault for institutional investors. This premium service is for the big boys only. Applicants will need at least $10 million in assets to get through the door and there’s a setup fee of $100,000. Small-time hodlers need not apply.

dtrax

25-11-17, 22:03

http://www.channelnewsasia.com/news/singapore/with-soaring-bitcoin-prices-more-singaporeans-ride-on-9399718

dtrax

26-11-17, 07:50

Bitcoin smashes past $9000 in early hours in Korean Market:
https://coinmarketcap.com/currencies/bitcoin/#markets

dtrax

28-11-17, 02:21

Operation Dragon Slayer?

https://www.bloomberg.com/news/articles/2017-11-26/bitcoin-surges-past-9-000-as-euphoria-reaches-a-fever-pitch

dtrax

28-11-17, 02:28

Anyone who is genuinely interested to know more about BlockChain tech, I have limited free tickets(ticket price at $1389) to BlockShow Asia(www.blockshowasia.com) on 29-30 Nov at RWS, one of the largest Fintech/BlockChain event. This is a full fledge event with anything on BlockChain tech, ICOs, Panel discussions, Talks, Pitching competition, product launches in various blockchain industries, exhibtions and many more.
More details: www.blockshowasia.com/agenda

Drop me a PM to reserve the ticket with your name and email and company

dtrax

28-11-17, 07:27

http://www.straitstimes.com/business/banking/bitcoin-close-to-crossing-us10k-mark

dtrax

28-11-17, 07:31

http://www.zaobao.com.sg/finance/singapore/story20171128-814466

tla

28-11-17, 17:47

Hi .. can I know what is the agent commission rate for selling of new TOP unit? Is it 2%?

Arcachon

28-11-17, 18:23

Hi .. can I know what is the agent commission rate for selling of new TOP unit? Is it 2%?

Sorry need to spam you. The story too long.

Most reader like to bottle feed problem I don't have one.

https://www.cea.gov.sg/docs/default-source/default-document-library/property-agent-faqs-commissions-are-not-fixed4e4c3333f22f6eceb9b0ff0000fcc945.pdf

https://www.cea.gov.sg/consumers/educational-materials/articles-of-interest

dtrax

28-11-17, 19:06

Bitcoin smashes $10,000 barrier:
https://www.coinspeaker.com/2017/11/28/breaking-bitcoin-price-breaks-10000-barrier-first-time-ever/

Arcachon

28-11-17, 19:16

Bitcoin smashes $10,000 barrier:
https://www.coinspeaker.com/2017/11/28/breaking-bitcoin-price-breaks-10000-barrier-first-time-ever/

Wow, I going to buy.

tla

28-11-17, 21:16

I plan to sell my unit but reading from these source doesn’t truly the mkt rates .

dtrax

02-12-17, 05:54

Bitcoin Futures coming this dec
https://www.bloomberg.com/news/articles/2017-12-01/bitcoin-futures-seen-as-bet-digital-money-will-take-over-world?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social

HP65

03-12-17, 07:43

I wonder if anybody entered the market recently? Our govt and most big corporates are struggling to understand blockchain. This is the technology to watch out for, not bitcoin.

dtrax

04-12-17, 00:26

I wonder if anybody entered the market recently? Our govt and most big corporates are struggling to understand blockchain. This is the technology to watch out for, not bitcoin.

We are still at the very early stage.
The fact is no one(government, institutions, individuals) can even properly define what exactly is bitcoin. Some says it is a currency, some says it is an asset. Bitcoin at its core is the technology. There are coins for different blockchain ecosystems and these are even newer technologies aiming to solve some real world problems even though most are bullshit and money grabbing

https://youtu.be/7vV705LjAak
An extract from jack Ma

I told all my Friends, no need stress over crypto if you are new. Just throw a few thousand dollars buy 50% btc buy 50% eth and treat it as money lost. If make money good for you, if lose money don't come hunt me.
They bought at US$4k btc and the rest is history.

dtrax

04-12-17, 03:14

Nasdaq to list Bitcoin Futures for trading:
https://www.bloomberg.com/news/articles/2017-11-29/nasdaq-is-said-to-plan-bitcoin-futures-joining-biggest-rivals

dtrax

05-12-17, 02:19

http://www.straitstimes.com/business/companies-markets/winklevoss-twins-become-worlds-first-bitcoin-billionaires

dtrax

05-12-17, 23:07

Happy $12,000

https://cointelegraph.com/news/happy-12k-bitcoin-prices-break-another-record-in-epic-week

dtrax

05-12-17, 23:12

Iota rises amongst the ranks to TOP 5 coin with Microsoft partnership, 500% roi
http://forums.condosingapore.com/attachment.php?attachmentid=10667&stc=1&d=1512490266

dtrax

06-12-17, 00:00

JPMorgan literally just did a UTURN after its CEO shouts bitcoin is a fraud.

https://cointelegraph.com/news/jpmorgan-switches-tact-backs-bitcoin-as-new-gold

Well done, they must have accumulated tons of bitcoin

dtrax

06-12-17, 00:37

Fever? Scam? BUBBLE?
https://mobile.nytimes.com/2017/12/03/technology/virtual-currency-south-korea.html?smid=tw-share&referer=https://t.co/cOlJnb6lAd?amp=1

dtrax

06-12-17, 15:16

Bitcoin smashes past historical high of $14,000 in Korea market:
https://coinmarketcap.com/currencies/bitcoin/#markets

Arcachon

06-12-17, 17:54

Bitcoin smashes past historical high of $14,000 in Korea market:
https://coinmarketcap.com/currencies/bitcoin/#markets

Did you buy.

dtrax

06-12-17, 17:58

I entered the crypto market a couple of yrs back

dtrax

06-12-17, 18:01

Bitcoin officially crosses $13,000 mark and Korean market inching $15,000 in evening trade

Arcachon

06-12-17, 19:22

I entered the crypto market a couple of yrs back

Congrats, happy for you.

I know what is it like, I too have the same feeling when my SB appreciated 1 million.

Kelonguni

06-12-17, 19:40

dtrax

07-12-17, 04:03

For me, I do not invest in art or gold or bitcoin in a major way, especially bitcoin, because I cannot envisage the worst case scenario or a personal use for it in any meaningful fashion.

Art can be displayed, gold can be worn, but bitcoin is banking as a currency that serves the need to avoid currency.

It's probably missing out on the biggest "invention" ever, but I am going to sit it out.

Still on property, because I can use it, and others can use it as well, so there is some utility value in the worst case scenario.

Fair enough, always invest what you know. Likewise I am not pro Gold but coming from the tech sector, I have personally benefited first hand using bitcoin as a form of currency and a means of exchange. Overtime this mindset has Pretty much transform to bitcoin as a form of assset or commodity. Blockchain tech itself has utility usage depending on what coin you hold by staking them as well as taking part in the ecosystem (for example remittance, micro lending and many more). Having said that, many have asked me about crypto as an investment without knowing the tech part. My advise is, if you have spare cash, no harm putting just a few thousand to be part of the tech revolution. In fact riches were made by those who bought many yrs ago, forgot and then rediscovered how much the price has appreciated against USD

dtrax

07-12-17, 04:07

Congrats, happy for you.

I know what is it like, I too have the same feeling when my SB appreciated 1 million.

Yes in fact, the whole cryptogame which by far the greatest wealth transfer in the history which I have seen many people both locally and abroad who have gain huge wealth from nothing which changed their lives. This itself has made many of my clients to dump their local currencies and favour btc more than anything else

dtrax

07-12-17, 04:25

https://www.forbes.com/sites/johnwasik/2017/11/06/why-buffett-sees-bitcoin-bubble/?utm_source=facebook&utm_medium=social&utm_term=ViEWS%20Alerts#6715165362a8

dtrax

07-12-17, 05:05

The big short?
https://www.facebook.com/bloombergbusiness/posts/10155963627606880

dtrax

07-12-17, 05:33

Korean Bitcoin market officially trading at US$16.5k. Looks like $17k btc is within sights

dtrax

07-12-17, 16:58

Korean Bitcoin market officially trading at US$16.5k. Looks like $17k btc is within sights

Bitcoin breaches US$18,000 barrier in Korean Market paving for a possible US$20k, looks like there is still more steam before retracement

dtrax

07-12-17, 17:36

2017 Jan:
1 COE Cat A = 35 bitcoins

2017 Dec:
1 COE Cat A = 2.08 bitcoins

Hold BTC: 17.5x ROI

Hold COE Cert: $0 in 10yrs

Hold 10k worth BTC in 2016 Jan: 500K

Hold 10k worth BTC in 2017 Jan: 175K

Kelonguni

08-12-17, 05:59

Buying car as investment is wrong strategy except for certain transferable COEs bought at certain dips.

It has to be for the purpose of driving and meeting personal / family needs.

It does have a genuine and at least nationally recognised utility function.

Bitcoin has speculative and investment function, and may even have a function as a currency at its best, although it has zero utility value in itself, much like a currency?

Utility needs must be separated from investment needs unless an instrument serves both needs.

2017 Jan:
1 COE Cat A = 35 bitcoins

2017 Dec:
1 COE Cat A = 2.08 bitcoins

Hold BTC: 17.5x ROI

Hold COE Cert: $0 in 10yrs

Hold 10k worth BTC in 2016 Jan: 500K

Hold 10k worth BTC in 2017 Jan: 175K

Arcachon

08-12-17, 08:23

My home is my utility need until I sell it to become my investment

dtrax

08-12-17, 16:44

Buying car as investment is wrong strategy except for certain transferable COEs bought at certain dips.

It has to be for the purpose of driving and meeting personal / family needs.

It does have a genuine and at least nationally recognised utility function.

Bitcoin has speculative and investment function, and may even have a function as a currency at its best, although it has zero utility value in itself, much like a currency?

Utility needs must be separated from investment needs unless an instrument serves both needs.

The token economy has alot more to it. Bitcoin is just the first stepping stone. Bitcoin can be exchange to coins that serve both as an investment and as a utility token. Some tokens are a form a security, some are utility, in fact this whole crypto is at such a infancy stage that even those that are in the cryptospace are often confused which is which :)

dtrax

10-12-17, 04:48

Your guide to Bitcoin Futures this coming Dec
https://youtu.be/o7TtwckPCUI

dtrax

13-12-17, 15:55

https://scontent-sit4-1.xx.fbcdn.net/v/t1.0-9/25158162_10155329919982568_3942763618621318430_n.jpg?oh=08161ae7956e2a05c2c7943e72fc3fbc&oe=5AC344B9

dtrax

08-11-20, 23:24

https://www.straitstimes.com/business/banking/virtual-gold-bitcoins-rise-sparks-new-debate

dtrax

08-11-20, 23:28

https://u.today/jpmorgan-says-institutions-ditching-gold-etfs-for-bitcoin

dtrax

08-11-20, 23:31

True story:
This young sinkie I knew started crypto in 2017 with a mere 50k managed to turn it to more than 20mil in just 3yrs

I only track one of his wallet address I knew publicly as attached.

Alot of new gen money of young kids in 20ies on this magic Internet money

otansg

11-11-20, 10:43

dtrax

11-11-20, 23:37

ownself talk, ownself shiok. ka ki kong, ka ki song! lol!

Lol haha... Ownself song ownself. heng I never sell crypto courses otherwise will be like those sinkie pwn sinkie selling property masterclass courses

dtrax

11-11-20, 23:43

Legendary billionaire hedge fund investor turn bullish in bitcoin:

https://www.coindesk.com/billionaire-stan-druckenmiller-bitcoin-bull

Several local banks apart from DBS are silently working behind the scenes on crypto custody. One of the local bank started with U as well

otansg

12-11-20, 10:19

dtrax

12-11-20, 18:08

No sir it is dbs con sinkies:

dtrax

12-11-20, 18:10

No sir it is dbs trying to con sinkies:

Full sauce in business times today:

https://www.businesstimes.com.sg/banking-finance/dbs-digital-exchange-plans-stir-excitement-among-crypto-players

dtrax

13-11-20, 23:17

Chicken genius Singapore shilling hard in bitcoin 2hrs ago. This is the real sinkie con sinkie:

https://youtu.be/BCjhkwovl4s