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Digital currency Bitcoin hits new high before losing S$200 in value in one day
26-06-2017, 11:14 AM,
Post: #131
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
The last time i heard of a few "accidental" millionaires - it came from the penny stock saga of Blumount/LionGold etc fame. Wouldn't be too surprised that there are a few selected winners out of the hundreds/thousands who will eventually be burnt and have their dreams dashed.

1 S-chip that returned a (worthless) physical share cert to me recently - surprisingly, was actually one of the best investments of another personality i read on the newspapers - of course if i were to trace back those times when i invested in the (eventual worthless) s-chip, there were indeed chances that I could have made an immense profit as well.

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26-06-2017, 12:24 PM,
Post: #132
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
Siren are always calling.

It's hard to resist.

When your Heart is not in the right place.

i still hold some S-CHIPs loh (LOL)!
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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11-07-2017, 09:44 PM, (This post was last modified: 11-07-2017, 09:44 PM by weijian.)
Post: #133
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
Wild wild west.

Will Bitcoin Tear Itself Apart?
New proposal SegWit2x aims for compromise ahead of Aug. 1
Failure to agree could lead to bitcoin splitting into two

It’s time for bitcoin traders to batten down the hatches. The notoriously volatile cryptocurrency, whose 150 percent surge this year has captivated everyone from Wall Street bankers to Chinese grandmothers, could be headed for one of its most turbulent stretches yet.

Blame the bitcoin civil war. After two years of largely behind-the-scenes bickering, rival factions of computer whizzes who play key roles in bitcoin’s upkeep are poised to adopt two competing software updates at the end of the month. That has raised the possibility that bitcoin will split in two, an unprecedented event that would send shockwaves through the $41 billion market.

https://www.bloomberg.com/news/articles/...ical-month

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07-08-2017, 05:01 PM,
Post: #134
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
Bitcoin Soars to Record as Buyers Look Beyond Miners' Split

By Justina Lee
August 7, 2017, 1:29 PM GMT+8

Bitcoin extended gains to a record, ignoring a split in the cryptocurrency over its future.

The digital exchange rate jumped as much as 16 percent from Friday to an unprecedented $3,292.41, even after bitcoin’s division last week. The debate has revolved around how to upgrade its underlying technology, with a group of developers backing a solution called SegWit2x against miners -- some of whom have created an offshoot called Bitcoin Cash -- who want to increase the size of data blocks more drastically.

“The miner-orchestrated hard fork has had limited traction and will not impact the price or future development of bitcoin,” said Aurelien Menant, chief executive officer of Gatecoin Ltd., a cryptocurrency exchange in Hong Kong, referring to the split. “The activation of SegWit is a significant milestone in bitcoin’s technological evolution.”

More details in https://www.bloomberg.com/news/articles/...ners-split
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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14-08-2017, 12:53 PM,
Post: #135
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day
Bitcoin Surges Past $4,000 on Speed Breakthrough

By Justina Lee  and Yuji Nakamura
August 14, 2017, 12:02 PM GMT+8

Bitcoin soared past $4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.

The largest digital tender jumped to a peak of $4,125.17 on Monday, a gain of 15 percent since Friday, after a plan to quicken trade execution by moving some data off the main network was activated last week. The solution -- termed SegWit2x -- had been so contentious that a new version of the asset called Bitcoin Cash was spun off earlier this month in opposition.

The split grew out of the tension between growing demand for the virtual currency and some of the design features that had fueled that popularity -- the decentralized verification procedures that ensured against hacking and government oversight. While this month’s confrontation ended up as little more than a speed bump in bitcoin’s more than 300 percent rally in 2017, concerns remain around the capacity to increase transaction volumes.

More details in https://www.bloomberg.com/news/articles/...uel-spread
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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