What is Cryptocurrency?
A cryptocurrency is a digital currency.
Most cryptocurrency are decentralized which means this is impossible to shut down unless the whole world internet shut down at the same time or government ban.
Purpose of Cryptocurrency?
Initially, when bitcoin was first invented. The purpose of it is used to purchase goods and services between two individuals and also as a way to avoid tax purposes.
For e.g: XRP is widely used in Philippine as a way for two people to transfer money to each other. In the future, it is probable that Malaysia maids will request the employers send money to their family members as the transfer fees is not expensive.
Now, there are so many different type of cryptocurrencies with different purposes.
From a broad view, cryptocurrency as a whole is viewed as an alternative gold by the many new generations for long term investments. It acts as a modern stock market for the future generations.
Type of Cryptocurrency Companies?
Non-Fungible Tokens (NFT)
Payment Transaction Speed
Cross-broader payment
Smart Contract
etc...
Stock Exchange Market Cap (US) vs. Cryptoccurrency (worldwide)
Stock Exhange Market Cap (US) = $49 trillion. In year 1998, it was $11trillion.
Cryptocurrency (worldwide) = $2 trillion
Many US analytics and surveyors state that bitcoin can reach USD$100k-500k is mainly because of the market cap differences between the cryptocurrency and US stock exchange (25 times).
There are still many rooms for the cryptocurrency market to grow in many years to come. Those who fail to see it, will miss out this opportunity.
Will it crash?
Yes, just like any traditional stock market. However, the likelihood for cryptocurrency to crash is less as compared to traditional stock market. The rebound is much stronger and quicker for those who invest for long term.
What should Malaysia Government do?
Tax on the traders who are earning from Cryptocurrency AND Stock Market. There should be a different tax tiers for investors who invest for long term and short term.
Alternatively, Malaysia government should print money and invest in cryptocurrency for the longest term. As proven by Elon musk, the company managed to sell bitcoin for $272m easily. His attempt showed to the whole world that there is huge liquidity in cryptocurrency. Tesla profitted $101m.
Malaysia at the moment has a debt of at least MYR$1.25 trillion (USD$304b). It would be good to invest at least 30-45% of the total debt amount into cryptocurrency when there is a dip. Liquidify the cryptocurrency when the fund is matured enough to pay off majority of the debt or invest in stock market to attract more foreign funds.
What happens if Malaysia Government ban cryptocurrency?
There are now many foreign companies that are offering services to invest in cryptocurrency for a fees.
I am sure there are many locals here that has a foreign account to play cryptocurrency.
In fact, Malaysia government should allow the locals to open cryptocurrency business related. This will help the economy to move and supress the spread of covid-infection rate.
Most likely outcome, people will vote for the new party who support the idea of cryptoccurency as the new government. It is like voting for government who approves internet.
This is not "financial advise" but do think about it.
Due to the inevitable increase of inflation rate in the future, government in the future may come up with an idea to allow the nation to send them cryptocurrency as a mean of supporting their future plan. Any party candidate that wish to run for government will also use this as a mean to receive fund to run for campaign. I believe a party that receives the most fund from the public should run for government, as this will help to grow Malaysia economy, debt and future plan.
2021-05-04 17:13
Remember 2 of the most richest & savvy investors w.buffet & bill gates like investing in farmland now mah!
U can emulate them now too mah....!!
Quickly Buy into palmoil plantation now b4 it price shoot up mah!
Time to be a little bit more contraian in view of mkt at reasonable high level mah!
Warren buffet says inflation is definitely coming in view of low interest interest and speculative sign such as bitcoin, rubbish stock price run up sky high and unrealistic stock valuation & expectation and now raw commodities price run up mah!
Bill Gates already bought alot of farmland at low in preparation & in anticipation for the coming armmagedoom coming mah!
Why would one the world tech best richest owner switch alot of his investment into farmland, this bcos farmland or value real estate if it is bought at reasonable low price, u cannot go wrong over longterm bcos the availability of land is limited, u cannot manufacture land like bitcoin mah!
Coming back to msia the equivalent to farmland is oil plantation, u still can get it real cheap & it is paying u reasonably good dividend loh...this is the best defensive & offensive play like bill gates and warren buffet had highlighted mah!
As calvin sifu said timber is at record price & palmoil at record price surely some optimism will spillover to plantation & timber share price mah!
But this up 1 to 2 sen is chicken feed mah, why up so little leh ??
Timber & palmoil share r suffering from lack of production mah and also huge impairment losses on its assets mah & previous falling share price mah!
Thus they are jittery on recovery of palmoil & timber share loh!! They want to see actual profit b4 jump in loh!!
That means if u base on profit...as indicator that means the share price will be lagging loh!
Then why promote Wtk leh ??
1. The owner , directors and insiders already accumulating quietly without fanfare mah!
2. The palmoil & timber production volume of wtk, mhc, jtiasa, boustead, ijm plant already creeping up loh...this is further support by the record price of its commodities. Just imagine u have higher prices & higher volume....that will be a very important sign of higher big profit coming mah!
3. The share price already corrected over 3 yrs of downtrend previously, when there is a big shakeout of all the weak holders...u can only grow more optimistic as time past by loh!
4. Wtk is sitting on some prime land that invested at a very low cost near major town & city, they are good development mah!
5. With all the liquidity & quantitative easing & low interest rate environment, u can see big inflation will be coming loh...!! Wtk in commodities business plus very big cheap land bank is a very good inflation protector mah!
Based on the above i think wtk , jayatiasa & ijmplant is the best pick to make profit & this is concur by sifu calvin findings also mah!
2021-05-04 17:29
sumochichi
Side note for cryptocurrency market cap:
600b comes from USA.
1.4b comes from foreign countries.
2021-05-03 14:03