Hi readers
We continue to see the cryptic currencies come down in price.
While this is a good and bad thing it's great to see exchanges becoming more secure.
Again as I have said before cryptic currencies are more for parking wealth or laundering money at the present time.
Yes the value has come down but it's not lost until you sell what you have, so don't panic.
I continue to hold my positions in my nano and have no concern over it.
WANCHAIN as stated previously has halved in price and is on the way down to its low.
While there is huge potential for it currently it's not worth the $3.50 price tag.
The Arab money which bought the hell out of it now I'm hoping will dump it soon and the opportunity to buy it will come.
Either way there is plenty of time to buy cryptic currency.
But please understand it's wealth parking not growth at the present time.
For our Australian friends we are getting news here in Singapore of property values at 2016 levels and falling, quicker than many expected.
With the banking regulators clamping down on the banks, it's appears to me that the music has stopped and there are no chairs to sit on people.
It's so funny that the ratings agencies are saying that the banks are offloading risk in an orderly fashion. REALLY!!!!
Try telling that to the poor soul who has just paid a good 1.4 for a standard house in Sydney.
He now finds out that his got to come up with more capital to keep the house, the great Australian system.
Now you have the Labor party talking about scrapping negative gearing policy.
The whole property boom has been based on negative gearing, scrap it and prices will collapse.
Please BECAREFUL it could get ugly.
We continue to see the cryptic currencies come down in price.
While this is a good and bad thing it's great to see exchanges becoming more secure.
Again as I have said before cryptic currencies are more for parking wealth or laundering money at the present time.
Yes the value has come down but it's not lost until you sell what you have, so don't panic.
I continue to hold my positions in my nano and have no concern over it.
WANCHAIN as stated previously has halved in price and is on the way down to its low.
While there is huge potential for it currently it's not worth the $3.50 price tag.
The Arab money which bought the hell out of it now I'm hoping will dump it soon and the opportunity to buy it will come.
Either way there is plenty of time to buy cryptic currency.
But please understand it's wealth parking not growth at the present time.
For our Australian friends we are getting news here in Singapore of property values at 2016 levels and falling, quicker than many expected.
With the banking regulators clamping down on the banks, it's appears to me that the music has stopped and there are no chairs to sit on people.
It's so funny that the ratings agencies are saying that the banks are offloading risk in an orderly fashion. REALLY!!!!
Try telling that to the poor soul who has just paid a good 1.4 for a standard house in Sydney.
He now finds out that his got to come up with more capital to keep the house, the great Australian system.
Now you have the Labor party talking about scrapping negative gearing policy.
The whole property boom has been based on negative gearing, scrap it and prices will collapse.
Please BECAREFUL it could get ugly.
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