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STI 3,000 boosted by pivot investors mkt players
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Goldfinger
Supreme |
20-Dec-2017 07:40
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Perhaps it would be apropriate to start a new Bitcoin thread and not clutter this STI thread which is totally unrelated to crypto matters? | ||||
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teeth53
Supreme |
20-Dec-2017 07:14
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
http://money.cnn.com/2017/12/08/technology/bitcoin-ico-fraud/index.html?iid=EL Feds start to crack down on fraud as Bitcoin soars...... The Securities and Exchange Commission has warned investors to be on the lookout for " potential scams" involving Initial Coin Offerings. ICOs are sometimes called " crowdsales" and function similarly to an Initial Public Offering on the stock market, but without the governmental regulation. They typically receive investments in the form of cryptocurrency in exchange for shares known as tokens. But ICOs can be for any sort of startup -- they don' t necessarily have to be for cryptocurrency companies. |
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teeth53
Supreme |
20-Dec-2017 07:10
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
http://money.cnn.com/2017/12/19/investing/bitcoin-crytpocurrencies-sec-bubble/index.html SEC suspends trading of red-hot bitcoin stock Is bitcoin a bubble? Maybe. Maybe not. Only time can tell....Securities and Exchange Commission suspended trading Tuesday of The Crypto Company until January 3, citing " concerns regarding the accuracy and adequacy of information" about compensation paid to promote the firm and plans for insider sales. The Coy describes itself as a business that " offers a portfolio of digital assets, technologies, and consulting services to cryptocurrency markets" with plans for a " rollout of a full scale, high frequency cryptocurrency trading floor."The Crypto Company was not immediately available for comment about the SEC action. The SEC has taken steps lately to crack down on potential frauds and scams surrounding bitcoin and other digital currencies, particularly with initial coin offerings or ICOs. With an ICO.
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teeth53
Supreme |
20-Dec-2017 06:59
Yells: "don't learn through life, learn to grow with life " |
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Monetary Authority of S' pore has issued a strong warning http://www.straitstimes.com/business/economy/bitcoin-is-not-a-currency-investors-risk-losing-allmas Monetary Authority of Singapore (MAS) - " Extreme Caution" . " MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as bitcoin. Cryptocurrencies are not legal tender, warned MAS. " They are not issued by any govt and are not backed by any asset or issuer," noting that recent surge in the prices of cryptocurrencies is driven by pure speculation. " A sharp reduction in prices is very likely. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital." Bitcoin bubble has been growing as its price has risen 1,700% since the start of 2017 to as high as US$19,666 (S$26,480) on Sunday. " Bitcoin has no natural intrinsic value. Sopnendu Mohanty, MAS' fintech chief in an interview with British daily The Telegraph on Monday. It valued at US$19,000. Anxiety is mounting as mainstream exchanges launch bitcoin contracts, lending them an air of legitimacy. CME Group Inc, world' s largest derivatives exch operator, on Sunday the 2nd exchange to launch bitcoin futures trading, seeking to capitalise on the mania for the booming digital currency. CME' s move followed that of Chicago-based derivatives exch Cboe Global Markets, which launched bitcoin futures on Dec 10. But exchanges can also be dicey. South Korea' s spy agency said North Korean hackers were behind attacks on cryptocurrency exchs this year in which some 7.6B won (S$9.43M) worth of cryptocurrencies were stolen. A South Korean cryptocurrency exch - Youbit - is to file for bankruptcy after it was hacked for the 2nd time this year. Part of the problem is that there is no regulatory safeguard for investments in cryptocurrencies. MAS does not regulate cryptocurrencies. Nor do MAS regulations extend to the safety and soundness of cryptocurrency intermediaries or the proper processing of cryptocurrency transactions." Most operators on which cryptocurrencies are traded do not have a presence in S' pore, it would be difficult to verify their authenticity or credibility, said MAS. " There is greater risk of fraud when investors deal with entities whose backgrounds and operations cannot be easily verified." Cryptocurrency transactions are generally anonymous, which makes them vulnerable to being misused for unlawful activities, it said. " If a cryptocurrency intermediary is found to have used cryptocurrencies illegally, its operations could be shut down by law enforcement agencies. There is also a risk of loss should the cryptocurrency intermediary be hacked' . Warning that investors could be left high and dry, it said: " Members of the public who lose money from investing in cryptocurrencies will not be able to rely on any protection afforded under legislation administered by MAS." MAS regulator last month published its list of guidelines for ICOs or initial coin offerings, outlining case studies for which digital tokens will be considered securities. Its multi-phase Project Ubin in partnership with banks has been exploring blockchain technology and its applications. Last month it released a report showing how blockchain technology can improve the payment systems that now enable banks around the world to transfer trillions of dollars a day to each other and help them manage their financial liquidity.
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famouspinky
Supreme |
18-Dec-2017 19:10
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x 0
x 0 Alert Admin |
From 1997 to 2007, property mkt is dead. Was only kicked started by Quantitative easing.
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famouspinky
Supreme |
18-Dec-2017 19:08
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1) 15% to absorption rate of 5y. 2) most enblockers r elderly waitg to cash out henced re buy into market will be lesser. 1.1) from now, will there be new companies coming into sg to set up shop or moving away is more thus absoption rate of 15% is more than generous.
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famouspinky
Supreme |
18-Dec-2017 19:02
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x 0
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Moreover, even after accounting for their completion in 2020 to 2021, average net supply is still not excessive at slightly over 11,000 units per year. This is below the five-year average absorption rate of 13,200 units and also far below the 19,500 units that were added annually between 2014 and 2016. The brokerage sees a window of opportunity for stronger rents and prices in the near term on tighter net supply. | ||||
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famouspinky
Supreme |
18-Dec-2017 19:00
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Why it's too early to panic about property oversupply The trend now is for every unit taken out from en bloc deals, three to four redeveloped units replace it. Each unit taken out in the recent en bloc deals will be replaced by three to four units in the redeveloped project, causing worry amongst the property market, Maybank Kim Eng said. "Whilst this is a valid concern if the trend continues, we opine that it is far too early to be worried as the redeveloped properties won?t resurface until 2020-21E," said analyst Derrick Heng. | ||||
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famouspinky
Supreme |
18-Dec-2017 08:49
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Any top pay in the world is pegged by performance U make 100mil for the company, the conpany pays u a mil But if u keep losing $, any company will kick u out. Same goes for the garment, they get their top pay frm GLC. One by one is closing down henced where to get the money to pay them? Squeeze you and me. | ||||
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famouspinky
Supreme |
17-Dec-2017 15:31
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x 0
x 0 Alert Admin |
In the real world, theres only rich or poor. No in between.
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famouspinky
Supreme |
17-Dec-2017 15:18
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Sgporeans hav 1 thought in common thinkg tt when a loan can be serviced by mthly income, one is saved. Cars can sell, properties cannot. When no demand, prices will drop some more. Same like shares. When will the dust come? A bottomless pit. For the LKY league, plenty of buffer. For newbees, waiting to mati. Buyg with no profits in a dead economy.
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famouspinky
Supreme |
17-Dec-2017 15:11
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I recently told a RM the same answer, all of us r in the same boat when u r living in the same country. How rich can 1 be? Most r on loans unless u r tellg me 10mil in the bank with all assets fully paid.
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famouspinky
Supreme |
17-Dec-2017 15:07
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Tell me, how will the rich prosper in such a lousy economy? Suck more money frm the people?
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Goldfinger
Supreme |
17-Dec-2017 14:50
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x 0 Alert Admin |
Yes FP - so I do empathise with your lot in life. You may want to migrate to a better place.
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Goldfinger
Supreme |
17-Dec-2017 14:46
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Yes, life in Singapore for the middle class is rather bleak. Costs of living very high. Upper Middle Class and Rich are lucky and will prosper. Depends which side you are on. PRs should go back home.
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famouspinky
Supreme |
17-Dec-2017 14:35
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x 0
x 0 Alert Admin |
Only jobs in sg r property agents, insurance agents and drivers or riders.
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famouspinky
Supreme |
17-Dec-2017 14:26
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x 0
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No new companies come into sg, where to find jobs?? Existing gd companies r all waitg to be sold. Left with unemployed PRs or citizens driving grab or uber. With no new companies to set up shop in sg + a weakening sgd, who will want to buy/ rent ur vacant properties? Tax is way too high in sg for no benefits for singaporeans nt to say PRs. Edu= jobs. No jobs = lousy education.
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teeth53
Supreme |
17-Dec-2017 12:59
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Ya. different time now. In those day, making 50 or even 100% is the norm. Now want to make 10 -15% also very difficult, even if one have huge capital to speculate.
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teeth53
Supreme |
17-Dec-2017 12:55
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Unlikely for SGX-ST Exchange. Will as usual remain a laggard Exchange. Sad to says.
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teeth53
Supreme |
17-Dec-2017 12:47
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
SGX-Exch. Famous for been a Shortists Exchange lahh. Unless they going to do something like shortening trading day. Heard they going to shorten contra play to two days, then trading houses may even extend it to 5 - 7 days for players to pay up.
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, not like in stocks trading where is can drop like a fallen knife more then that.