2 Attachment(s)
To those who are still in Property and Stock Investment
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/att...1&d=1504166629
(+650%)Invest US$10k -> 65K
http://forums.condosingapore.com/att...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!
The clearest signal that banks and financial institutions are in the game
http://www.straitstimes.com/business...lement-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.
Project Ubin - MAS version of digital cash
https://www2.deloitte.com/sg/en/page...ed-ledger.html
https://coinjournal.net/wp-content/u...oject-Ubin.png
http://www.mas.gov.sg/Singapore-Fina...ject-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.