Crypto, Rants

OPINION: China’s role as the leading blockchain-powered Nation.

Opinions are my own. 

On 25th October, $BTC spiked and major uptrends can be seen for some anchoring coins perhaps largely due to the #FOMO mentality as President Xi announced that China should seize the opportunity of blockchain, egging on to be at the forefront of the race.

And everyone in the industry knew for the fact that cryptocurrency is banned in China however cryptocurrencies are strongly backed by blockchain technologies. It’s somehow linked as majority of the successful decentralized applications (DApps) are either found in China or US.

It’s a good breakthrough as it meant that more companies, especially the major corporations would explore the usage of blockchain technologies as many are afraid to take that bold step when the blockchain technologies are mostly in their infant stages.

At this present time, there is still a lack of successful use-cases to validate. With support from key leaders, the key of confidence is then injected and definitely, a boost is seen.

The future is hopeful, at least with the current factors and the boost. 🙂

Crypto, Life, Work

Volatility on Cryptocurrency

Okay, for the past 30 days, major cryptocurrencies had faced a “pump-and-dump” pattern, for leisure traders like me, it granted us opportunities to enter the market and flushed out disruptive traders and for new “whales” to be granted of their position.

However on the good sight, the volatility only fluctuates within a stipulated zone meaning to say it is for the trading to gain support and this support will be a base for further movements, normally upwards.

BTC.JPG
BTC [Month for Sept – Oct]
Not sure if this is a deja-vu that prior to the bull run 2 years back. Same trades patterns were seen. 😉 Can’t wait especially Bitcoin is halving in May 2020.

I wonder if it’s a psychological effect that it will boost the price or rather it’s downright to the supply and demands where the Governments are slowly accepting bitcoin as a form of payments/ usage.

Not sure if the volatility is something that the Governments or the Future of Work would want to deal with. Should I even consider to shift my investments to Copytrading? Argh.

The inner demons are making their ways in. And I do know that if one is looking at short terms gains, one should consider Copytrading/ Forex and not Crypto.

Comments below. 🙂

Crypto, Rants, Reflections

Crypto: The Bitcoin Shift (Views)

The Bitcoin had just made an unprecedented shift on the chart to what I called the “unknown region” of USD10K on 22 Aug and this persisted through the past 30 days of trading with dips down to USD10K not once but at least thrice.

CMC-BTC
Jul 23 – Aug 23 Bitcoin’s Chart, Courtesy from CoinMarketCap.com

30 days High/ Low: $12,273.82 USD / $9,252.30 USD

To be real honest, I didn’t expect Bitcoin to enter the below USD10K region as based on the past charts,  the support level was deemed to be around ~ the USD 10K+/- region. Indeed the volatility in Cryptocurrency is real and many actually asked — if; $BTC will dip further?

In my opinion, it will definitely make a dip due to the traditional stock market movement. I always think that a stronger fiat with ends up with a weaker crypto shift and vice versa as the presence of cryptocurrency is to complement the shortcomings of fiat. And of course there would be more than one factors that will attribute to the dip, e.g. protests at the crypto-centric nations or some important politicals shift in the anchoring countries (China, US, Russia…)

However, with the Bitcoin’s halving that’s gonna happen in May 2020, I personally feel that the dip below USD10K is a good region to enter before the push. However one still need to (1) do some background works, (2) exercise their own due diligence and (3) assess their own risk tolerance (stop-loss strategies) prior to crypto-investing.

To the moon, and beyond.

Crypto, Life, Rants, Work

Thoughts about Cryptocurrency/ Blockchain

To be honest, initially due to my first negative encounter with Crypto, I was never a fan until I researched about/ on it more during my job search and I couldnt comprehend more that the Crypto/ Blockchain adoption really depends on the current generation and the upcoming millenials.

Many had asked, why I am a believer of it? Reason is simple, it would be a reference to the dotcom era where no one believe in the Internet could make it one day. Cryptocurrency/ Blockchain would just the the dotcom of tomorrow.

In today’s world, take example, China. Their major cities had advanced so fast that even a beggars on the street within the cities held a smartphone and people rendered cash through the scanning of the QR Code. Lifestyle changes and where everyone is doing the same thing, one need to evolve to fit into the same lifestyle in order to survive.

Not forgetting, Crypto boomed in China at the early years until the Government had to ban it due to political issues and the rise of many unethical/ illegal Crypto transactions. There is a need to strike a balance there thus the move to ban was necessary.

Friends in the space had always told me, majority of the mining machines are still based in China and China is now deemed the strongest blockchain-powered Nation due to the robust pool of tech talents.

Back to the topic, please don’t get it wrong about my political stands. I’m just using the above as an example to show that technology evolution is bound to happen and we will just have to embrace it along the way otherwise we will be out of the game and biting the dust.

Various Governments had start to embrace the digital payments and the use of Blockchain Technology and Cryptocurency. Both of them are inter-linked and will definitely be part of our life in near future, like a form of payment.

People just need to be exposed to more education and I had always ponder over the decline circulating supply of the various key Cryptocurrency, I just wonder which will be the next $Bitcoin #BTC?

The ecosystem needs more support from Individuals and hopefully after reading this, written by a Crypto-convert (Yours Truly) , <YOU> can do more research on this and be part of the circle. 🙂

Check out my contact details at the sidebar if you would like to have a quick chat.

Crypto, Life, Rants, Reflections

Rebirth. Hello CryptoMama!

After various contemplation, I decide to work on the content on this site. Many of my friends know that I’m a Blockchain & Crypto Enthusiast and I will always share some of my opinions on the Crypto space, like on projects, coins and blaa blaa blaa, so I thought how nice if I have a space to pen down my thoughts and perhaps in future, I would have something to look back at and if, my decisions made were wise then.

So, here I’m.

I revamp the site, finally settled down on the name @mumtechpreneursg that I explicitly put Mama, Tech and Entrepreneurship altogether.

Gonna discipline myself to pen down regular updates and thoughts alongside with my leisure crypto-trading journey.

Check out my Crypto Journey here.

Hopefully things get better, just like $BTC pricing. LOL.