Bitcoin is a cryptocurrency, like SGD is a FIAT currency.
So yes, it is the same kind of investment.
However, there are many different cryptocurrencies available in the market and not all of them have proper utilization/usage and should proceed with caution when investing in them.
Posted these popular replies
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SM
2 3RE: Bitcoins and cryptocurrency?
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SM
1 3Fellow Singaporeans, I implore you to heavily consider entering a few shares into $GME.
Just a short story of my journey with $GME, I first invested in $GME with an average cost of $15 back in november. I realized my profits during the large spike in January and re-entered after it calmed down.
Why did I enter again despite the price being way above my previous entry?
- The brokers prevented retail investors from buying the stock, essentially limiting the price of the stock and the only direction it could go was down.
- $GME had and still has a large short interest (Heavily shorted)
- Hedge Funds have admitted to not having had closed their short position during the Jan spike and that it was due to a Gamma Squeeze and not them closing their positions.
- $GME currently has a negative Beta (Stock moves opposite direction of broader market, i.e. Market red, GME green).
There are still many other reasons I believe the stock will increase in price but I implore you the reader, to read up on the stock and with your own due diligence, consider putting $GME into your watchlist.
I will be happy to answer any questions if you do have any.
Just to clarify, I am not a financial advisor nor do I come from a financial background. I do however, believe that $GME is a share that is one in a million investment opportunity and may never happen ever again
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SM
1 27RE: Cryptocurrency
Bought into an ICO from a local company called Enjin and their coin $ENJ back in 2017.
I believe back then when I bought into the ICO, it was less than $0.02. Currently it is at ~1.30USD.
Recently replied to these conversations
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SM
0 3RE: Strategy to deploy warchest
I agree with your strategy of investing gradually instead of dumping it all one shot.
However, I feel that the market is due for a correction soon and I personally would not invest into anything right now. (Unless its $GME) -
SM
2 3RE: Bitcoins and cryptocurrency?
Bitcoin is a cryptocurrency, like SGD is a FIAT currency.
So yes, it is the same kind of investment.
However, there are many different cryptocurrencies available in the market and not all of them have proper utilization/usage and should proceed with caution when investing in them. -
SM
1 27RE: Cryptocurrency
Bought into an ICO from a local company called Enjin and their coin $ENJ back in 2017.
I believe back then when I bought into the ICO, it was less than $0.02. Currently it is at ~1.30USD. -
SM
1 3Fellow Singaporeans, I implore you to heavily consider entering a few shares into $GME.
Just a short story of my journey with $GME, I first invested in $GME with an average cost of $15 back in november. I realized my profits during the large spike in January and re-entered after it calmed down.
Why did I enter again despite the price being way above my previous entry?
- The brokers prevented retail investors from buying the stock, essentially limiting the price of the stock and the only direction it could go was down.
- $GME had and still has a large short interest (Heavily shorted)
- Hedge Funds have admitted to not having had closed their short position during the Jan spike and that it was due to a Gamma Squeeze and not them closing their positions.
- $GME currently has a negative Beta (Stock moves opposite direction of broader market, i.e. Market red, GME green).
There are still many other reasons I believe the stock will increase in price but I implore you the reader, to read up on the stock and with your own due diligence, consider putting $GME into your watchlist.
I will be happy to answer any questions if you do have any.
Just to clarify, I am not a financial advisor nor do I come from a financial background. I do however, believe that $GME is a share that is one in a million investment opportunity and may never happen ever again