Monetary Authority of S’pore issues bitcoin warning


After warning issued from China, India , Malaysia , Thailand Central bankers , many monetary regulatory seems follow suit and came forward to warn the RISK of investing in Bit-Coin....as it may turn out to become a "systematic risk" which really can create "chaos and havoc " to the financial market/system if it continue to grow at "exponential " rate before it collapse. This could be seen from the total market cap for Bit-coin which is around USD290 BIL ( at supply of close to 16 mil ) , can you imagine if the the total supply achieve full amount of 21 MIL , and if the price hit USD50,000 , what will be the total market cap of Bit-coin ?



As mentioned , in most of the case people may just ignore the warning from these regulatory and the huge RETURN expected has outweigh the RISK they perceived.





I am sure the market cap of Bit-coin may surpass GDP of Singapore soon !! Hurray !!



Cheers !!


PS :  My previous blogpost about Bit-coin (here ) and ( here )


Global regulators warn of risky bubble in bitcoin as Singapore’s central bank urges ‘extreme caution’ ( Link here )


Comments

  1. So far I read from blogs, nobody will be seriously burnt. Bet small small. No tulip mania yet, sold house to buy tulips.

    ReplyDelete
    Replies
    1. Hi Uncle CW8888,
      Yah , bet small just for fun and for the $$ we can afford to loss is still OK "小赌怡情",
      Yup..the party may continue for longer period of time ...as what Keynes said “The market can stay irrational longer than you can stay solvent.” , same for some speculative items..
      Cheers !! :)

      Delete
  2. it is too risky as there is no fundamentals for bit-coins. A bubble is forming and it is a matter of time bubble will burst and many investors will get burnt. I rather go for proven dividend stocks with good yield. happy new year STE.

    ReplyDelete
    Replies
    1. Hi Investminds ,

      Thanks for the comment , Yes , the Crypto is really highly speculative investment (??) , one will definitely need to DYODD if they choose to invest ...
      Cheers !!

      Delete

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Labels

Show more

This Month's Top Blog Posts

4th Quarter 2018 : Dividend and Portfolio Update

Hold Your "F.I.R.E" , Your Dividend Has Just Been Cut By 81.5% !!

Bye Bye M1 : Catching A Falling Knife

3rd Qtr 2018 : Dividend and Portfolio Update

2nd Qtr 2018 ; Dividend and Portfolio Update