Singapore has been big in blockchain very early. AFAIK, many of the financial infra are on blockchain.
Singapore is far ahead of HK 
We are hardworking and obedient, won’t do unnecessary walkouts and riots.
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Singapore has the big advantage of not being messed up by the dumb Xi. Huobi was growing quite nicely in China until Xi kicked them out.
Hong Kong is forever ruined by the Chinese. Used to be much better run by the Brits.
Crypt and AAPL one of the few that’s green today. If the fed accelerates tapering (they were supposed to end June/July next year but mentioned moving it up by a few months), it means rates could rise by mid next year. Someone mentioned 20% cut in S&P if the rates rise by 0.5%. I can’t find a link on it but could be trouble for all high valuation risky assets.
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AAPL is good for any economic conditions and one of the two tech stocks that yield 1000+ bagger 
since IPO. 3000+ if you caught the low.
Acceleration would push raising rates from mid 2022 to Q1.
That’s Puru. He is merely quoting history.
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Why is crypto rising if the Fed plans to accelerate tapering of money printing and increasing interest rates. Crypto should be falling with such news?
Regarding 20% cut in S&P if rates rise 0.5%, that would be true if rates are rising in an environment where the economy is not expanding. Otherwise, if the economy is strong, an increase by the Fed from 0% to 0.5%, should not cause the stocks to fall into a bear market. This is still a very modest increase.
Eventually though, if inflation does not come under control and the Fed is forced to raise rates well beyond 0.5% to say, 2-3% or more, then the stock market will fall because economic growth will get dampened.
In that scenario, a recession will follow the rate increases just as surely as night follows day. And guess what the Fed will do when that next recession does occur - they will start dropping rates back to 0 again followed by more money printing. And the whole cycle of stocks and cryptos going up will commence again.
So just sit tight and HODL your stocks and cryptos. Buy if one can when they go low, but never sell unless one needs the money to meet living expenses or for an emergency (for this, it is best to hold at least $100k cash + $100k in non-volatile funds like 40/60 or 30/70 stock/bond fund).
Try to stay employed, so that one can cover your living expenses via pay check and leave the stock and crypto portfolio alone to bounce around, but eventually grow over the next 8-10 years as this whole cycle plays out.
Bitcoin is dropping. Only Ether is up because Ether is a metaverse currency.
Yep, only ethereum and some altcoins are going up. Most are technical…bitcoin looks funky to me last few weeks or so. Acting very differently from last few cycles too. I only have a little but I don’t want to add to it at this point.
Bitcoin is not going up, but it is not plummeting down either. Seems like Bitcoin may have matured and while it is still very volatile in comparison to S&P500, it seems to be swinging around in a +/- 10% range of $55,000.
Ethereum does seem to be on a more solid up-trend.
Matured is good. Can use as currency for real good transactions.
I think it is still good to HODL some Bitcoin long term. It is the pioneer/standard bearer of an asset class which is still in its early days, so there may yet be some appreciation in BTC, though less than ETH.
Everyone will have their own different amount of comfort, for me 1.00 BTC and 10.00 ETH is a good amount to have some skin in the game, while not being over exposed to crypto. I am not there yet, though approaching it…
This pic is going around Chinese Crypto Twitter today. World’s Top 5 richest ethnic Chinese persons:
The top guy is CZ, founder of Binance. His net worth is estimated to be 50B USD (the number in the pic is in RMB). Many said it’s a gross underestimation. CZ is currently in Singapore?
Number 2 sells bottled water in China. No.3 is founder of Bytedance, maker of TikTok. No.4 makes batteries and No.5 is founder of Tencent.
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From 2D to 3D.
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Everyone changing names. Is it a good sign or bad?
square is block and fb is meta. who is next.
Why are they following one another.
FB to Meta Platforms
SQ to Block
Anywho, I like that SQ focuses blockchain tech, I have been wanting to invest in a blockchain tech (not crypto coin) business. Thank you, Jack.
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