10 October 2017

A Thank you letter from my client!














Sharing is an altruistic act. With or without risks, altruism is a helping behaviour that is motivated only by the desire to relieve suffering, and without any anticipation of reward to come.

Blog, free seminars, networking, free coaching, I have done it all. Helping everyone, one at a time, without any anticipation of reward to come. This is the greatest satisfaction in trading and investing.

:)



08 October 2017

How to Handle and Trade with Private Information?


Many times friends and clients ask me what is the difference between private and public information. They are confused and unclear, not able to discern a clear distinct difference between the 2.

In this video, Clemen Chiang explains the definition between both. It is the same reason why I always urge my friends, clients and followers to share information together. Winning alone is boring. Winning together helps to increase the chances of winning and the size of winning.

And this is why during my free time, I give FREE seminars and started this blog.

Have a look at the video and hope that this sharing gives you a more detailed understanding.




06 October 2017

WHAT'S BITCOIN AND THE BLOCKCHAIN?

WHAT'S BITCOIN AND THE BLOCKCHAIN?



Bitcoin is the world's first completely decentralized digital currency, also known as a cryptocurrency. Bitcoin introduced a technology called a blockchain, which is a peer-to-peer distributed ledger of timestamped transactions.

Before the invention of Bitcoin, ledgers had to be maintained by central authorities like banks, which kept a single authoritative copy of the ledger. This meant that users that relied on a ledger had to trust the central authority.

Bitcoin's use of a blockchain eliminates the need for central authorities and the need to trust them. It does this by allowing each user of the system to maintain their own copy of the ledger and keeping all copies of the ledger verifiably synchronized through a consensus algorithm.
Bitcoin is designed to allow its users to hold, send, and receive money online, but distributed ledgers can be used to do much more, including clearing and settlement of digital asset trading, provisining of identity, and distributed computing—all without the need for central intermediaries. The 10-minute video that follows presents plain English explanation of these concepts and why they have the potential to change the world.
And this short plain-English backgrounder explains the basic concepts in simple to understand terms.

SOME ADVANCED CONCEPTS

Now that you have the basics, you can delve a bit more in-depth into how the technology works and what it can do. Below are links to short, plain-language explainers covering some of the key concepts you'll need to know before you can understand the policy implications. And BTW, we have many more plain-language explainers on host of related concepts.
If you want to take a deep dive on the technology and what it means for the world, we recommend a great book by two Wall Street Journal reporters, The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order by Paul Vigna & Michael J. Casey. And for an even deeper dive into the distinction between open and closed blockchain technologies and why open networks are essential for several exciting use cases, read our report, Open Matters.

HOW DOES POLICY AND REGULATION FIT IN?

Traditional ledgers have centralized ledger-keepers (like banks), so it's clear who are the responsible and regulated parties. But because open and decentralized blockchains like Bitcoin have no central operators (just like the internet itself), figuring out who is regulated, if anyone, requires deeper analysis. And because traditional concepts like "custody of funds" take on new meaning given technologies like multi-sig, what the technology allows us to do has outpaced what the law has anticipated, so new policy thinking is in order.
Here are two resources that we recommend to get you up to speed on the technology and the policy questions it raises:
  • Is Bitcoin Regulated?
    This short backgrounder explains that while the technology itself can't really be regulated, its users are certainly subject to many different kinds of regulation.
  • Bitcoin: A Primer for Policymakers
    This monograph by Jerry Brito & Andrea Castillo presents a high-level overview of the technology and the regulations its use implicates.

WHAT ARE THE REGULATORY ISSUES?

The top areas of concern for regulators are:
  • Consumer protection
  • Financial surveillance and anti-money-laundering
  • Securities and commodities regulation
  • Tax compliance
  • Privacy and identity

To start mining Bitcoins, or to give it a shot, go to for your FREE account:

05 October 2017

Bitcoin, Cryptocurrency Mining, and You

There is a cryptocurrency craze going on. Everyone is excited, fund houses are setting up new departments, countries setting up think tanks to consider all the possibilities.

And with all the hype around, the uninitiated will ask the eventual question: Is this a revolution, or is this just a hype?

To answer the above, one must understand the fundamentals of cryptocurrency.

Fiat currency

The cash one has in the wallet, the amount balance in the bank account, fixed deposit certificates, all of these are fiat money. It is an inconvertible paper money made legal tender by a government decree.

Fiat money is a centralised system where central bankers can decide to print more money, change the currency and etc. Over the years, people are disappointed and afraid of economic conditions such as inflation, recession, or worse, stagflation. There was a need for a certain form of currency that is independent yet controlled so that its value will not be eroded.

First Cryptocurrency: Bitcoin

Bitcoin is the most popular cryptocurrency, simply because it was first started about 10+  years ago. It's the first cryptocurrency, first of its kind, grandfather of all cryptos.

Bitcoin is not the only crypto, there are almost 800+ other cryptos. Using stocks as an analogy, bitcoin will be like the bluechip stock, and there are other cryptos which probably like mid or small-cap counters.

Fiat currency VS Cryptocurrency

Putting 2 together, it's something like paper letters vs emails. Both are fundamentally similar, but in a different medium. There is a certain supply limit to it and based on its algorithm no new cryptocurrency can be created till it is validated by the entire network. The mentioned network is the entire network computation power contributed by everyone all around the world.

In short, the serial number on the fiat money is the same as crypto currency.

Cryptocurrency Mining

Just like digging for gold, as one digs further, it gets tougher. Cryptocurrency mining has this challenge too. As the mining computers pools in resources to mine for coins, it gets tougher over time, and more time required to process the subsequent coins. When the coins are found, it will be transferred to a wallet to hold the coins. The coins will then belong to the miner and it can be used for spending or investing.

Using a spare phone or a spare computer that is unused, you can change it into a mining rig.

I have recently signed up with MinerGate and it's very straightforward. No charges or whatsoever.

Just sign up, install the program on your computer and start mining. It takes a while, but that's what mining is all about. For faster mining, there are server rentals available too.

So I'm sharing my code for all keen readers who want to get a bit of digital cash while it is still early. Plus with hands-on experience, it accelerates learning too.

Happy Mining.



 Bitcoin Mining





//amazon