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/artic...bitcoin-mining
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...
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
Country-Level cryptocurrency milestones:
https://www.coindesk.com/south-korea...urrency-rules/
https://nextshark.com/bitcoin-now-of...ayment-method/
https://cointelegraph.com/news/bitco...stralia-july-1
https://www.coindesk.com/russia-coul...lawmaker-says/
https://www.coindesk.com/bitcoin-ind...urrency-rules/
https://techcrunch.com/2017/09/01/ri...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
Fraudsters just stole $7 million by hacking a cryptocoin offering:
https://www.cnbc.com/2017/07/17/coin...en-in-ico.html
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/und...s-a6522655fb91
Hello Kitty
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.
Last edited by Arcachon; 02-09-17 at 12:57.
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Not for the faint hearted...
Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
https://www.bloomberg.com/news/artic...gs-are-illegal
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:
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
1. Singapore wont regulate crypto currencies:
http://www.straitstimes.com/business...isk-ravi-menon
2. Jamie Dimon shouts Bitcoin is fraud:
https://www.reuters.com/article/lega...-idUSKCN1BN2PN
3. Yet Jamie Dimon is betting big on Blockchain Tech
https://www.cnbc.com/2017/10/16/jpmo...in-stupid.html
4. Apple Co-Founder says bitcoin is better than gold
https://www.cryptocoinsnews.com/appl...n-better-gold/
https://www.cnbc.com/video/2017/06/1...lockchain.html
5. HongKong and Singapore partners on blockchain tech
http://www.businesstimes.com.sg/gove...ch-development
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
Bitcoin Surges After World's Biggest Exchange Announces Plans for Futures
https://www.bloomberg.com/news/artic...itcoin-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."
Visa approves Monaco cryptocurrency card for Singapore residents
http://www.todayonline.com/business/...pore-residents
Crypto for the masses coming soon
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
Bitcoin Surges Past $7,000 to Extend Record Rally
https://www.bloomberg.com/news/artic...ally-this-year
One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
https://www.bloomberg.com/news/artic...price-exploded
[QUOTE=dtrax;532206]One of the Biggest Bitcoin Exchanges Just Added 100,000 Users in a Single Day
https://www.bloomberg.com/news/artic...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.
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
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
Bitcoin smashes past $8000
http://fortune.com/2017/11/17/bitcoi...fork-segwit2x/