CW8888: When someone has huge commercially vested interests into their own pocket. They can both play God and Devil! When they played God, Believers may come and join the Party; and then they turned Devil to suck Believers' money
In the market, there are always be matched sellers to buyers and Spur said : Always sellers that matched buyers -- but not necessarily at the price you like to sell or buy LOL.
Same. Same. Snake Oil always around in the Investment Blogoshere, social medias and forums to suck in Bei Kambing!
Always remember this; when we are in the market; we are always Competitiors in Buy and Sell Queue! Our own money is Real and we have to make real money from other real players in the market!
Read? Investing Made Simple by Uncle8888 (6) - About time to refresh it!
Read? Where does the money come from??? (2)
[BENGALURU] Tesla Inc has suspended the use of bitcoin to purchase its vehicles, chief executive officer Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.
Bitcoin, the world's biggest digital currency, fell more than 7 per cent after the tweet and was trading at US$52,669.
Mr Musk said Tesla would not sell any bitcoin, and intends to use bitcoin for transactions as soon as mining transitions to more sustainable energy.
"We are also looking at other cryptocurrencies that use 1 per cent of bitcoin's energy/transaction," Mr Musk said.
Mr Musk said in March Tesla that customers can buy its electric vehicles with bitcoin.
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Other than paying at makan stalls with cash; most of the time; I am on Digital either Paywave, Paynow or GPay!
ReplyDeleteIn Mar this year, I started two new "ventures" as a 60 year old.
ReplyDeleteThe first venture started on 1Mar 21 was to open a crypto account with Coinhako. I have injected a total of S$11,100 so far and bought a few of the leading cryptos. My holdings is currently (at time of writing) worth $14,832. This was after Elon Musk "screwed" crypto investors twice. First time was when he said Dogecoin to the moon, only to later said the coin was a hustle. And this latest announcement that Tesla stopped accepting BTC for its cars.
The second "venture" was to go direct into the US stock market. Opened an account with Moomoo on 17 Mar 21 and was welcomed with S$30 and an Apple share. I have injected $30,000 into the US stocks thus far. No thanks to the big retreat by Dow Jones last night (12 May), my capital is now left with $28,924.
Investing is hard better to keep money in the CPF :-)
In addressing the COVID triggered economic crisis, Singapore has not increased money supply in the same vein as other countries. But unlikely Singapore can avoid (imported) inflation (hopefully not hyperinflation) altogether, the S$ will likely appreciate against the basket of currencies (that's the usual approach our government keeps inflation in check, through forex). With inflation/hyperinflation, assets limited in supply will normally do well, such as gold, property. The recent property run is not unique to Singapore, it's a global phenomenon. My two overseas properties, as well as my unit trust in global properties, have upped by more than 25% over the past year.
ReplyDeleteShunfu wet market use Scan and pay
ReplyDelete