tag:blogger.com,1999:blog-7944902213075756335.post3766907361882811072..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): I should have invested in Bitcoin.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger40125tag:blogger.com,1999:blog-7944902213075756335.post-84476962230786601242018-11-27T13:06:33.173+08:002018-11-27T13:06:33.173+08:00See also:
My final word on Bitcoin and friends.See also:<br /><a href="https://singaporeanstocksinvestor.blogspot.com/2018/01/my-final-word-on-bitcoin-and-friends.html" rel="nofollow">My final word on Bitcoin and friends.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51861802311773351662018-11-27T13:02:41.626+08:002018-11-27T13:02:41.626+08:00Reader says...
saw your post on bitcoin... it is e...Reader says...<br />saw your post on bitcoin... it is easy to see in the rear view mirror....<br /><br />AK says...<br />Actually, I first blogged about Bitcoin and why it was not an investment a year ago.<br />I said it was like buying 4D, TOTO or Big Sweep and that even some financial bloggers got mixed up thinking it was an investment. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66479065149529590452018-01-17T15:20:04.161+08:002018-01-17T15:20:04.161+08:00January’s cryptocurrency selloff got fresh impetus...January’s cryptocurrency selloff got fresh impetus on Tuesday when Bitcoin slumped as much as 25 percent, as the prospect of regulatory crackdowns appeared to spread.<br /><br />While the largest digital coin was down 25 percent at $10,338 as of 4:37 p.m. in New York, it was still at the lowest level since early December, according to composite pricing on Bloomberg. As Bitcoin halted its two-day AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86224011294156348032017-12-25T21:05:33.780+08:002017-12-25T21:05:33.780+08:00I think the key is to understand that Bitcoin is f...I think the key is to understand that Bitcoin is for trading. <br /><br />Bitcoin is not an investment per se.<br /><br />People can invest in Blockchain but with Bitcoin, it is really a trading game.<br /><br />So, when people tell me that they invest in Bitcoin, I get the impression that they are either confused or they are out to confuse people. <br /><br />We should remind ourselves that:<br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58793582638853684882017-12-25T14:42:38.098+08:002017-12-25T14:42:38.098+08:00"It seems that many people have the impressio..."It seems that many people have the impression that Bitcoin equals to Blockchain; and that because Blockchain is touted worldwide as the next promising disruptive technology, therefore Bitcoin is as well."<br /><br />People who have done their due diligence in Bitcoin would obviously know that Blockchain isn’t synonymous with Bitcoin. But Bitcoin is backed by Blockchain tech. So its Anonhttps://www.blogger.com/profile/14324753495568857548noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84835479296421802782017-12-22T17:13:13.996+08:002017-12-22T17:13:13.996+08:00Bitcoin fell more than 10 per cent to below US$14,...Bitcoin fell more than 10 per cent to below US$14,000 on the Bitstamp exchange on Friday, extending overnight losses.<br /><br />It was last down 11 per cent at US$13,872.<br /><br />The cryptocurrency, which was at about US$1,000 at the year's start, had climbed to a record high of US$19,666 on Sunday in lead up to exchange giant CME Group's launch of bitcoin futures before losing steam.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43754173448264528562017-12-21T12:17:07.941+08:002017-12-21T12:17:07.941+08:00MAS reminds the public that cryptocurrencies are n...MAS reminds the public that cryptocurrencies are not legal tender. "They are not issued by any government and are not backed by any asset or issuer."<br /><br />In an advisory issued on Tuesday, the central bank said the public should act with extreme caution and understand the significant risks they take if they choose to invest in cryptocurrencies.<br /><br />Indicating that the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56471405262168305072017-12-19T12:19:40.548+08:002017-12-19T12:19:40.548+08:00Greed is making everyone mad. An unknown company c...Greed is making everyone mad. An unknown company calling itself a Crypto company managed to list in Nasdaq US on Wed at $5. By yesterday, it had hit a high of $142 (+2840%) after the CEO announced it had just bought over a SG crypto company Ziddu.com (which he himself owns in the first place and which is just an empty shell). But that still made everyone go wild over the acquisition. <br /><br laurencehttps://www.blogger.com/profile/00674907410230833403noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57208931602684415062017-12-13T12:15:53.187+08:002017-12-13T12:15:53.187+08:00Reader says...
I love your clarity in life.
AK sa...Reader says...<br />I love your clarity in life.<br /><br />AK says...<br />I try not to be sucked into whirlpools.<br /><br />Reader says...<br />I am curious about this investment.<br /><br />AK says...<br />It isn't an investment...<br />We can invest in blockchain technology but we cannot invest in bitcoin.<br />Anyway, this will end badly and those who are late to the party will suffer.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88984978794204632012017-12-07T13:36:39.563+08:002017-12-07T13:36:39.563+08:00Some say the bubble is going to burst and some say...Some say the bubble is going to burst and some say it is far from being a bubble.<br /><br />Who to believe?<br /><br />Ultimately, we should have a plan, our own plan, because that is the only way we can sleep well at night. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83340456620724848842017-12-07T03:58:43.898+08:002017-12-07T03:58:43.898+08:00Everything will be bubble eventually as it go high...Everything will be bubble eventually as it go higher , so is dow or whatever. The real question is to make hay while the sun shine instead of forcasting a rain when the sun is bright early in the morning(bubble).<br /><br />Dont let doomsayer scare you, like when market has crash, and people are still shouting the bottom is still far away. And you got scare to buy only to regret later as it soar Unknownhttps://www.blogger.com/profile/03697748904859515763noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31855639930126215812017-12-05T13:20:51.595+08:002017-12-05T13:20:51.595+08:00Cheow Xunchen:
What I find strange is that I have...Cheow Xunchen: <br />What I find strange is that I have spoken to people who tell me bitcoin is worthless. <br /><br />Then when I ask them, do you know how it works? They tell me that they don't. <br /><br />Then how do they know it's worthless? <br /><br />It would be more accurate for them to say, "I don't know what Bitcoin is worth." Rather than saying, "Bitcoin is AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84413215169055391582017-12-05T12:37:23.702+08:002017-12-05T12:37:23.702+08:00As bitcoin hits the stratosphere, there are fears ...As bitcoin hits the stratosphere, there are fears an economic bubble is forming as it becomes treated less like a currency and more like a store of value, open for speculators making ever increasing bets on how far it can rise.<br /><br />Economists have compared bitcoin’s meteoric rise with past bubbles, such as the tulip mania of the 17th century and the dotcom bubble that began in the late 90sAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47323193949507996482017-12-05T12:25:05.661+08:002017-12-05T12:25:05.661+08:00If you are looking to draw a parallel to tradition...If you are looking to draw a parallel to traditional assets, do not use currencies like the USD. <br /><br />Fiat currencies are backed by assets and the economic power of the issuing country. <br /><br />If a country’s economy sees outsized growth, its currency will appreciate. <br /><br />If the economy slumps, it’ll devalue. <br /><br />Since there is no economy behind Bitcoin, that model AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40878733363331788532017-12-05T11:48:52.311+08:002017-12-05T11:48:52.311+08:00Critics warn of a bubble.
"The relatively h...Critics warn of a bubble. <br /><br />"The relatively high volume of cryptocurrency turnover, against limited real-world use, suggests that many buyers are seeking speculative gain, never intending to use cryptocurrencies to make a real-world transaction," UBS analysts said in report quoted by CNBC.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70942529280582206972017-12-04T23:26:24.707+08:002017-12-04T23:26:24.707+08:00“You can’t value bitcoin because it’s not a value-...“You can’t value bitcoin because it’s not a value-producing asset...it's a real bubble in that sort of thing,” Warren Buffett.<br /><br />Cryptocurrencies are not tangible investments. <br /><br />They don't generate earnings or pay dividends. How do you really value them if they have no intrinsic or "book" value? <br /><br />And people who buy bitcoin are simply betting that AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50593685504163471662017-12-04T23:23:37.551+08:002017-12-04T23:23:37.551+08:00“Avoid bitcoin like the plague. Did I make myself ...“Avoid bitcoin like the plague. Did I make myself clear?” Bogle, founder of Vanguard Group Inc., said.<br /><br />“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. <br /><br />“You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it toAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56523162268054623962017-12-04T23:19:52.487+08:002017-12-04T23:19:52.487+08:00"People get excited from big price movements,..."People get excited from big price movements, and Wall Street accommodates," Warren Buffet.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80761915907531998702017-12-04T23:17:05.807+08:002017-12-04T23:17:05.807+08:00Hi Laurence,
And the confused do not know they ar...Hi Laurence,<br /><br />And the confused do not know they are confused. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57434318694380292182017-12-04T23:10:17.223+08:002017-12-04T23:10:17.223+08:00It seems that many people have the impression that...It seems that many people have the impression that Bitcoin equals to Blockchain; and that because Blockchain is touted worldwide as the next promising disruptive technology, therefore Bitcoin is as well.<br /><br />As of today, there are 1324 different cryptocurrencies "trading" in the markets. And many new versions of cryptocurrencies continue to be plucked right out of thin air by laurencehttps://www.blogger.com/profile/00674907410230833403noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89375804152708572592017-12-04T22:59:04.797+08:002017-12-04T22:59:04.797+08:00Over its nearly decade-long history, bitcoin has b...Over its nearly decade-long history, bitcoin has been prone to spectacular crashes. <br /><br />In 2013, for instance, the currency went on a run to over $1,100 only to tank to $700 a few months later, and then bottom out near $200 in early 2015. There is no reason this couldn’t happen again.<br /><br />This may sound obvious but, as a form of money, bitcoin might be the most intangible stuff in AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85663040272206386632017-12-04T22:57:12.201+08:002017-12-04T22:57:12.201+08:00One reason to buy bitcoins are a valuable asset is...One reason to buy bitcoins are a valuable asset is that only 21 million of them will ever come into the world—and most of them are already here.<br /><br />So-called gold bugs like to own the precious metal because it is an asset whose value is not controlled by governments. <br /><br />Even if a country is ravaged by war or its profligate central bank prints too much money, the value of gold (AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59454277301714050192017-12-04T22:48:06.067+08:002017-12-04T22:48:06.067+08:00Lee We:
I think the reader will be among one of t...Lee We: <br />I think the reader will be among one of the last which will buy bitcoin at its peak price<br /><br />AK:<br />I hope not. It is a game of musical chairs.<br /><br />Lee We:<br />The last who leave the party will have to clean up the mess<br />You are an experienced investor, and will know to use bitcoin (or any other instrument) for speculative trade, if u wish to.<br /><br />AK: <AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24720895510291174252017-12-04T22:19:30.062+08:002017-12-04T22:19:30.062+08:00Hi JQ,
Blogging regularly was beginning to feel t...Hi JQ,<br /><br />Blogging regularly was beginning to feel tiresome.<br /><br />I knew that if I didn't slow down, I might stop blogging altogether.<br /><br />Hence, the laziness. ;)<br /><br />As for cryptos, I have read enough to know that many people do not understand that they are speculators and not investors. ;p<br /><br />There are even people who talk about Bitcoin as being the next AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48278221214594996062017-12-04T21:52:33.208+08:002017-12-04T21:52:33.208+08:00AK,
small small micro pun only lah on ETH. If yo...AK, <br /><br />small small micro pun only lah on ETH. If you look at BTC, i saw it swell up but i just didn't have the guts to buy.<br /><br />You have been quiet lately.. I am very sure you are reading up on cryptocurrencies? <br /><br />Regards<br />JQPotatoishhttps://www.blogger.com/profile/18408440404891909717noreply@blogger.com