Cryptocurrencies

Ok. Since I have lesser then you I should get far away from it. If this is driven on spectulation that mean it is for people who have big buck. Like hit and run but with monies. Anyway it is too late to jump in if not in early stage.
 
That's your opinion, and you are welcome to it. I didn't say you had to buy in & I'm not selling anything :)
 
I say we should all congratulate B_A. The 'poor little kampung gal' (her words) has found the joy of capitalism and I'm happy that she's made a few baubles.

I was similarly overjoyed in 1990 when I realized I'd made my first million pounds sterling due to my investments. I cashed them in, withdrew my pension plan in cash and gave notice to resign from my job on my upcoming birthday, aged 53.

I then invested in much less risky enterprises that produced income and we've had a very fruitful life since although I've recently had to delve into the capital due to medical costs.
However, if I'd left the original investments stand I'd be a multi-millionaire by now....but probably had a miserable life (laughing and crying) chasing the ups and downs overtime.
 
Ah, my pesions are both sat waiting for me to get old, Davita. I paid into them all my working life- i assume there will be fk all left in the pot for me by the time the UK govt finished screwing us out of the state pensions though. private one I believe to be pretty secure & accessible earlier.

As for discovering capitalism, hardly a new concept, but I do like to play & I do like to gamble a little bit- I am more of a risk taker than many I grew up with- my hospital records would attest to that. To be honest , most of us who have migrated at some point in our lives (through choice) are probably in the risk-taker category.
 
DzulnSiti said:
Is bitcoin supported by EU or world bank? Is it save as other currency? My wife was approach to invest in bitcoin but I say no as it was not "recognize" by the goverment. Because this guy said invest Rp1.500.000 for 8 month is this fisiable?
Click to expand...

That is the Rp 1.500.000 question.:smile:
 
My pittance sat on a rocket it seems :) I'm not complaining.
That $280, I mentioned... how long ago? Last week? 2 weeks? is now $500 give or take a few cents.


edit: found it ... 11 December 2017
Bad_azz said:
harryopal
...

... and if my "investment" gets to 1000$ I will buy a hard wallet thingy.
For the record I have around $280 USD now :)
Click to expand...
 
Last edited:
I don't think anyone with any knowledge of what's what were using it - and people should be advised NOT to keep their "coins" in the exchanges, for security resons such as this, Davita.

The exchanges are prime targets really- if you wanted to go on a robbing spree the exchange would be the logical target, easier to grab a lot of assets in one place, than hunting down individual owners.
& Cyber crime/hacking attacks are extremely common in all aspects of finance.
https://internationalbanker.com/banking/cybercrime-growing-threat-global-banking/

The difference being that with the cryptos the indiviual is responsible for risk assessing & protecting their assets.
~~~~~~~~~~~~~~~~~~~~~~
Prices had a big dip today but rallied again, if my little pot is anything to go on.
I would suggest people avoid buying into btc unless they have more than $100 to invest, I am finding the exhange minimums for trading BTC irksome now, I want to cash out of btc & buy into something else better, but I no longer have a big enough pile to do it easily.
 
Lucky me....investing and building my own pension nest-egg before the internet was common-place in the financial system.
The only robbers then wore masks, robbed trains and heisted postal-workers carrying cheques.....so much for progress in this digital world.
 
Bad_azz said:
Ah, my pesions are both sat waiting for me to get old, Davita. I paid into them all my working life- i assume there will be fk all left in the pot for me by the time the UK govt finished screwing us out of the state pensions though. private one I believe to be pretty secure & accessible earlier..
Click to expand...

I commiserate with you re: the UK OAP....which I also contributed till age 65.
I hope you're aware that as you reside in Indonesia, your OAP, under current UK law, will never be indexed for inflation, thus eroding its initial value.
I tried to have mine transferred-out via something called Qrops but that was also disallowed.
Given I'd saved my contributions into a private plan I'm sure it would be much more than what I currently get from the UK OAP scheme.
 
New regulations are being imposed in USA on crypto-currency company transactions.....
from today's JP......

"The US Securities Exchange Commission on Tuesday suspended trading of a popular bitcoin-related stock that has soared in recent weeks, citing concerns about market manipulation.
The Crypto Company's share price had risen an eye-watering 1,700 percent, from $3.30 to $575 between the end of September and Monday evening before the SEC intervened to halt trades until January 4.
A statement cited "concerns regarding the accuracy and adequacy of information in the marketplace about, among other things, the compensation paid for promotion of the company, and statements in Commission filings about the plans of the company's insiders to sell their shares of The Crypto Company's common stock."
 
Davita said:
I commiserate with you re: the UK OAP....which I also contributed till age 65.
I hope you're aware that as you reside in Indonesia, your OAP, under current UK law, will never be indexed for inflation, thus eroding its initial value.
I tried to have mine transferred-out via something called Qrops but that was also disallowed.
Given I'd saved my contributions into a private plan I'm sure it would be much more than what I currently get from the UK OAP scheme.
Click to expand...
Luckily I don't factor my pensions into my plans- what I get from them (if anything much) will just be the icing on the cake- apart from the death clause thingy in my private scheme- that will give a nice chunk of change to hubby & a few months of payments when I snuff it.

Your next post: not really digital currency as far as I can see, more likely some business cashing in on the concept & trading on it- or not now as appears the case.
 
For those new to this & getting interested in joining the fun/trading

Here is a decent video that is quite good fun to watch.
It should shine some light on a fair few questions.

 
Companies are seeing huge increases in their stock price buy just changing their names to anything crypto currency related.

The latest company to do this gained 289% in stock prices after they changed their name to "The Long Blockchain". They sell tea.

https://www.bloomberg.com/news/arti...ong-island-iced-tea-rename-as-long-blockchain

PS: We are currently considering rebranding ExpatIndo as Blockchain ExpatIndo Crypto Forum.
 
Well you should consider it- after all you have a 13 page thread related to it hahahaha.

I forget the figures but the market cap hit something like 600 billion yesterday didn't it?
 
Personally I think it is great that the mainstream have picked up on it and are throwing headline banners around about it- it made (digital) front page of the beeb today.
Obviously the BBC wanted to grab attention with a negative sounding headline- they like to stir a bit of panic if they can.

The beauty of this is, despite all the shitstirring, BTC/the cryptocurrency markets have NOT crashed
(yeah- the dramatic graphs might make people think so but truly it hasn't).
Let's put some perspective and logic in the mix here:
Look at the rise in the run up to Xmas... it was stratospheric. Unprecedented.

All it has done is "correct"- unless the "press" think it can just keep going up & up & up without any readjustments.

Let's take a look at the price 1 year ago, look at the price today.
https://charts.bitcoin.com/chart/price#cat-economics
From just under $1000 to what it is as I type: $14,697=1 BTC
We have all been ridiculously spoiled at its giant leaps upwards.. but what other "commodity" ever has shown such growth?
The big jumps have often been followed by big dips (or corrections as some fiscal peeps want to call them) these are to be expected and no one anywhere has been saying it won't have them- everyone in the "industry" has expected them- and many look forward to them as it enables buying in at lower prices in readiness for the trades when it soars again - as it will.
It is just that the leaps have been so massive that the falls are also massive.


Let's look at it logically-
It has been having a pretty good run all year, and finally grabs the attention of the general public.
It hits the $10,000 mark and bang- a notable milestone is passed- so it gets attention.
& all this attention sends it rocketing upwards to $20,000 in the space of DAYS- has any other market EVER done that?
This attention brings in a massive amount of trade- massive, so much that many of the exchanges have almost buckled under the weight of it.
People who have no clue what it even is are buying into it- on a personal level people who teased me back in August when I first started talking about it have been coming back to me asking advice about how to get into it.
So much so that I started a group discussion so that I could have all those chats in one place as it was eating all my time up explaining the steps I took to buy in.
People who are seeking fast money are buying in , in the hope of a massive gain so that they can sell out.

So we have all that, in the run up to Christmas.
& the week before Christmas it drops dramatically- hmm now if I had made lots and lots of money in the product, I think I might be tempted to sell some stuff off to treat my family to a cruise around the Bahamas, or buy a flash car or buy a house or whatever as a very nice Xmas treat.
Wouldn't you?
This has to account for at least a large chunk of the price dip as people sell off their CCs.

There have also been a few things going on behind the scenes with a few exchanges having problems, some hacking, the "insider trading" accusations and so on. These are bound to have an effect too.
The people who have recently bought in are potentially a bit more nervous than those of us who got in when it was cheap.

Understandably, they paid a lot more $$$ for a lot less BTC. I don't blame them, I probably would be too.

Howver this all adds the indgredients into a recipe for panic selling when things look bad to them.
Those of us who have been HODLing (HoldingOn for dear Life) just see it as normal BTC trade behaviour.

Bitcoin/Cryptocurrencies:
Hundreds of thousands of trades a day- it is a very fluid and volatile market.
This is what makes it an exciting thing to buy into.
It is pioneer territory.
New frontiers are not smooth sailing.
Would anyone buy into any other invest ment and expect ROI to be amazing in the space of a week? Seriously?
My advice - sit back (even if you did pay top dollar for your coin), watch & wait.
 
RE: cryptocurrency has no intrinsic value so....for every winner there has to be a consequent loser. It isn't a win-win investment.
 
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