Bitcoin smashes past historical high of $14,000 in Korea market:
https://coinmarketcap.com/currencies/bitcoin/#markets
Bitcoin smashes past historical high of $14,000 in Korea market:
https://coinmarketcap.com/currencies/bitcoin/#markets
I entered the crypto market a couple of yrs back
Bitcoin officially crosses $13,000 mark and Korean market inching $15,000 in evening trade
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.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
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
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
The big short?
https://www.facebook.com/bloombergbu...55963627606880
Korean Bitcoin market officially trading at US$16.5k. Looks like $17k btc is within sights
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
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 three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
My home is my utility need until I sell it to become my investment
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
Your guide to Bitcoin Futures this coming Dec
https://youtu.be/o7TtwckPCUI
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
Legendary billionaire hedge fund investor turn bullish in bitcoin:
https://www.coindesk.com/billionaire...r-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
No sir it is dbs con sinkies:
Full sauce in business times today:
https://www.businesstimes.com.sg/ban...crypto-players
Chicken genius Singapore shilling hard in bitcoin 2hrs ago. This is the real sinkie con sinkie:
https://youtu.be/BCjhkwovl4s