Its not really a gamble.

Its a hedge against all economic factors.

Just like gold

3) until today, no one is able to calculate or define an INTRINSIC value for bitcoin. What is your take on it? How much do you value Bitcoin and why?

>>>>>
We are still discovering the intrinsic value for Bitcoin.
However, people have been comparing it to gold and fiat currency which are worth trillions.


My take is that Bitcoin would eventually reach 1 trillion dollars in market cap.

Which is around the $50k level. ( Probably in 1-2 years due to the "halvening")

The more the number of people that use/accept/ exchange it, the greater in value Bitcoin will rise.

However, Fiat currency may still exist. Governments may still need to cater to those without mobile phones and internet connection.

Therefore, digital assets and fiat currency may actually co-exist.

Hope it helps

@(S=QR) Philip

>>>>
If Bitcoin is good, why are ICOs being started almost every other day with it's open block chain application? Why is Bitcoin itself forking? Bitcoin is the first, but it's technology is very time consuming and expensive to mine, store and deliver ( compared to many new coins like etherium, and new systems). Bitcoin is the first ( like altavista, netscape, rocketmail), but it's it the most efficient? ( Like google) 10 years from now, will Bitcoin still exist? Or will another more efficient and faster ( and easier to use) and more government friendly.


Answer: 95% of ICOs are not relevant. Late in 2017, many ICOs went up and there was the ICO Boom. Any ICO could easily double in value in the first few days. However, many investors eventually lost money and now they are smarter.

Bitcoin is the first and may not be the most efficient. There are many new projects that are faster in transaction speed than Bitcoin.

However, many people see value in it and are willing to exchange goods and services for it.




2) It is an asset that is not tied to the GDP / Earnings / Economy / Political Influence . ( Unlike stocks/ commodities / bonds/ etfs/ unit trust/ property )

>>>>>>>>

Https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_terr...

Bitcoin is banned in China, and I suspect sooner or later china will either produce it's own crypto currency, or wechat ( tencent) alipay (Alibaba), Uber/grabpay, Facebook credit, bigpay(airasia), will all produce their own currency platform. The biggest reason for owning Bitcoin is it's ease of use, but in the end it is still tied to your local currency ( you need myr to buy btc after all, it doesn't stand alone like to USD or myr which is tied to the country). Wechat becomes a very efficient model of fast efficient online payments and wallets with huge growing traction of accepted merchants while Bitcoin is being banned in so many countries. What is the possibility of future fast transfer and payment models following WeChat model instead of Bitcoin model which antagonize so many countries?

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Answer:

Bitcoin is banned in China. China wants huge control over the Yuan/its own currencies. Bitcoin does not give China control due to its decentralized nature. The easy way out would be to ban Bitcoin.


China is already producing its own cryptocurrency.

Initially, it would take fiat to buy Bitcoin. However,

All cryptocurrencies are tied to Bitcoin. Example:
Eth/ Btc , Usdt/Btc , Xrp/Btc

Therefore, everyone needs to buy Bitcoin to obtain goods and services in the cryptosphere.

The wechat model is good. Mass adoption is the number 1 challenge that we face today. When that problem is solved and when Bitcoin is able to be transacted seamlessly, that would be amazing.



1) Bitcoin existed since 2008 and is one of the best performing asset in the world.

>>>>>>>>>>>

Bitcoin also had one of the biggest bubbles and crashes in history of a commodity that is tied to nothing ( although the tulip crash might have been far spectacular) . It is the purest form of derivatives, where almost every single buyer is buying based on speculation that one day Bitcoin will be an efficient and powerful tool of internet economy.

But if you were to look into the intrinsic value of Bitcoin



>>>>>>
Answer:

The USD is also tied to nothing apart from the trust to the US government. The USD Hasn't Been Linked to Gold for 45 Years.

What is the intrinsic value of Bitcoin?

It could be the world's first currency accepted any where in the world.

What is a currency?
It just takes two people to be willing to accept it in exchange for goods and services.

Example.
Imagine if everyone accepted Bitcoin as a form of payment.
Pay bills with bitcoin, buy mcdonalds with bitcoin, buy cars with bitcoin, travel overseas with bitcoin.

Many companies are starting to accept Bitcoin as a form of payment.
Then.. it would be an actual official currency that could be worth trillions in market cap.

We are at the 200 day m.a crossing.

If it can break above 0.23 strongly, the sky is the limit

Up up up

https://klse.i3investor.com/blogs/greentrade/218581.jsp

Heres a review on Genm

Good luck :D

Profit taking

Good opportunity to collect more

Profit taking

First tp 1.00

Outperforming the market :)

It has the potential to go up further

Greentrades everydayyy

Non stop up haha...

Lets break intraday high of 0.71!

Last minute up again :D

TP of 0.59 Reached!

3.77 First support

0.59 about to reach

Warrant outperforming today. Interesting

https://klse.i3investor.com/blogs/greentrade/199292.jsp

A short flashback to the past.
4.00 here we come!!

Anytime soon.

Tomorrow should be tricky.
Good luck

Patience.......

Up Up Up

Green everyday haha

Road to 4.00 in tact :)

Uptrend still in tact

0.59 next resistance

Congrats to all greentraders and greenpacketers

First tp of 0.50 reached :)

Wouldn't mind bonus issue and free warrants :)

Got profit just take.. dont go down for a loss

https://klse.i3investor.com/blogs/greentrade/215826.jsp

Outperforming the market!

https://www.facebook.com/Greentrades/videos/347582356136477/

Gpacket featured from 6.15 onwards

Happy Thursday :)

https://www.facebook.com/Greentrades/videos/687899884970901/

Coverage on Boilermech :

Watch from 7.18 onwards.

Thanks :D

Goreng goreng haha

Decent close for the day.
lots of catching up to do as compared to other o&g stocks..

Tomorrow warrants should be in play in the morning

Correction

0.30++ today lets go lets go

https://www.facebook.com/Greentrades/videos/460871181412689/

Livestreamed earlier this morning.

Looks pretty stable today.

If it closes at 0.25,
I'd be happy :)

Tricky

First Target of 0.255 reached!!!

Amazing Monday

It might go down a little before going back up to the 0.3x range

Enjoy the ride!!

Monday No Blue

Nice comeback!

https://www.facebook.com/Greentrades/videos/2388487994697646/

Was live on armada

It just woke up now.
Cheers
Happy friday and weekend :)

Amazing close!
Looking forward to 0.3x range
Will livestream tmr morning again.

Cheers :)

Wow!!!

Amazing