Lowyat.NET: Latest topics by Showtime747

New Malaysia, New Personal Investment Decision ?

Showtime747 — Tue, 22 May 2018 19:51:15 +0800

The unexpected happened. The whole perspective has changed. Previously most of us are very pessimistic about Malaysia's future. Hence we talked about transferring RM to foreign currencies. Invest in SGX, DJI, ASX, ETF. Everybody rush to open bank accounts in Singapore, RM reaching 5 is a matter of time... etc

What happened last week really overwhelmed me. The business/investment environment has changed. I was so focused previously that it is too easy to make decision to invest overseas and nothing else. But, the world has turned upside down (or some may say it is the other way around).

What will happen to your investment decision now ?

Will you

1. Still transfer your money out whenever possible ?
2. RM will head the opposite direction now to 3.5, 3.0, 2.5 in 5-10 years time ?
3. RM SGD parity ?
4. Invest in Malaysian companies now with prices of "the old order" ?
5. On the extreme, transfer your overseas investment and bring back to malaysia ?

Note : the original topic was here https://forum.lowyat.net/topic/4583798

As the LYN moderator has yet to reply to me, I assume the rules have not changed, ie. LIMIT YOUR POLITICAL COMMENTS IN FBI

Based on the similar topic in Property forum, I am guessing the furthest you can go in your political comment is to post videos of politician touching on the topic

New Malaysia, New Personal Investment Decision ?

Thu, 01 Jan 1970 07:30:00 +0800

Daddykasi

Showtime747 — Mon, 19 Mar 2018 10:01:17 +0800

Saw a lot of people use this word in /k. Great coined word = dedikasi = dedication

If I have choice, I want daddykasi too.

If I have daddykasi, I already win before the race starts. Life is much better and easier

Inb4 useless children, Pai Ka Zai, sour grape, charsiew, tongkat, jealous, menghina other successful people...

Initial Coin Offering ICO

Showtime747 — Tue, 26 Sep 2017 12:54:07 +0800

We hear too many ICO issue recently. Let's share your opinion and your ICO finds here.

What is ICO ?

QUOTE

DEFINITION of 'Initial Coin Offering (ICO)'

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.

Also called an Initial Public Coin Offering (IPCO).

BREAKING DOWN 'Initial Coin Offering (ICO)'

When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO), it usually creates a plan on a whitepaper which states what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the virtual tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for. During the ICO campaign, enthusiasts and supporters of the firm’s initiative buy some of the distributed cryptocoins with fiat or virtual currency. These coins are referred to as tokens and are similar to shares of a company sold to investors in an Initial Public Offering (IPO) transaction. If the money raised does not meet the minimum funds required by the firm, the money is returned to the backers and the ICO is deemed to be unsuccessful. If the funds requirements are met within the specified timeframe, the money raised is used to either initiate the new scheme or to complete it.

Early investors in the operation are usually motivated to buy the cryptocoins in the hope that the plan becomes successful after it launches which could translate to a higher cryptocoin value than what they purchased it for before the project was initiated. An example of a successful ICO project that was profitable to early investors is the smart contracts platform called Ethereum which has Ethers as its coin tokens. In 2014, the Ethereum project was announced and its ICO raised $18 million in Bitcoins or $0.40 per Ether. The project went live in 2015 and in 2016 had an ether value that went up as high as $14 with a market capitalization of over $1 billion.

ICOs are similar to IPOs and crowdfunding. Like IPOs, a stake of the startup or company is sold to raise money for the entity’s operations during an ICO operation. However, while IPOs deal with investors, ICOs deal with supporters that are keen to invest in a new project much like a crowdfunding event. But ICOs differ from crowdfunding in that the backers of the former are motivated by a prospective return in their investments, while the funds raised in the latter campaign are basically donations. For these reasons, ICOs are referred to as crowdsales.

Although there are successful ICO transactions on record and ICOs are poised to be disruptive innovative tools in the digital era, investors are cautioned to be wary as some ICO or crowdsale campaigns are actually fraudulent. Because these fund-raising operatives are not regulated by financial authorities such as the Securities Exchange Commission (SEC), funds that are lost due to fraudulent initiatives may never be recovered.

In early September, 2017, the People's Bank of China officially banned ICOs, citing it as disruptive to economic and financial stability. The central bank said tokens cannot be used as currency on the market and banks cannot offer services relating to ICOs. As a result, both bitcoin and ethereum tumbled, and it was viewed as a sign that regulations of cryptocurrencies are coming. The ban also penalizes offerings already completed.

Read more: Initial Coin Offering (ICO) Definition | Investopedia http://www.investopedia.com/terms/i/initia...p#ixzz4tl0p9ybW
Follow us: Investopedia on Facebook

QUOTE

Initial coin offering (ICO) is an unregulated means of crowdfunding via use of cryptocurrency,[1] which can be a source of capital for startup companies.[2] In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. The term may be analogous with 'token sale' or crowdsale, which refers to a method of selling participation in an economy, giving investors access to the features of a particular project starting at a later date. ICOs may sell a right of ownership or royalties to a project. According to Amy Wan, a partner at Trowbridge Sidoti LLP practicing crowdfunding and syndication law, "The coin in an ICO is a symbol of ownership interest in an enterprise—a digital stock certificate, if you will."[3] In contrast to initial public offerings (IPOs), where investors gain shares in the ownership of the company, for ICOs the investors buy coins of the company, which can appreciate in value if the business is successful.[4][5]

The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014.[6] An ICO was held by Karmacoin in April 2014 for its Karmashares project.[7] ICOs and token sales are now extremely popular. As of May 2017 there were currently around 20 offerings a month,[8] and a new web browser Brave's ICO generated about $35 million in under 30 seconds.[9] There are at least 18 websites that track ICOs.[10] By the end of August 2017, ICO coin sales worth $1.8 billion had been conducted during the year, more than ten times as much as in all of 2016.[11][12][13]

Ethereum is (as of 2017) the leading blockchain platform for ICOs with more than 50% market share.[14] The Ethereum network ICOs have resulted in considerable phishing, Ponzi schemes, and other scams, accounting for about 10% of ICOs.[15][16]

In July 2017 the U.S. Securities and Exchange Commission (SEC) indicated that it could have the authority to apply federal securities law to ICOs.[17] The SEC did not state that all blockchain tokens (ICOs) would necessarily be considered securities, but that determination would be made on a case-by-case basis.[18] The SEC action may encourage more mainstream investors to invest in ICOs,[19][3] although ICOs typically prevent U.S. investor participation to remain out of the jurisdiction of the United States government.[20]

On September 4, 2017 seven Chinese financial regulators officially banned all ICOs within the People's Republic of China, demanding that the proceeds from all past ICOs be refunded to investors or face being "severely punished according to the law".[21][22][23] This action by Chinese regulators resulted in large sell-offs for most cryptocurrencies.[23] Prior to the Chinese ban, ICOs had raised nearly $400 million from about 100,000 Chinese investors.[24] A week later, however, a Chinese financial official stated on Chinese national television that the ban on ICOs is only temporary until ICO regulatory policies are in place.[25]

Other jurisdictions, such as Canada and the Isle of Man, are working on regulating ICOs rather than prohibiting them.[26][27]

https://en.wikipedia.org/wiki/Initial_coin_offering

QUOTE

Are ICO tokens a scam ?

https://www.quora.com/Are-ICO-tokens-a-scam

Oversupply of 60000 doctor by year 2015 ?

Showtime747 — Sat, 05 Oct 2013 08:40:46 +0800

This ex-deputy minister said we will have too many doctors in 3 years time. Is she talking sense arrr ?

http://www.chinapress.com.my/node/463744

"(Petaling Jaya 4 News) Malaysian Chinese Women Entrepreneurs Association adviser Datuk Wang Sai Chi pointed out that Malaysia in 2015 will appear 60,000 surplus of doctors phenomenon.

"Malaysia's annual average of 4,500 medical graduates, if in accordance with this trend, in 2015 there will be as many as 60,000 surplus of doctors."

But she said in the cosmetics medical field are of a serious lack of professional doctors, the National Medical Doctors beautiful areas only 40 people, and provide health services in the area as many as 140,000 sites, most of which are to hire foreign doctors"

Why is there big difference for THB vs RM

Showtime747 — Thu, 23 May 2013 20:23:50 +0800

I just notice the big discrepancy when I want to convert RM to Thai Baht

Bank Negara rate today THB 100 --> RM10.1219
CIMB rate THB 100 --> RM11.0000

If I convert RM100k, thru CIMB I get only THB 909k. Whereas Bank Negara rate I can get THB 988k. The difference is THB 78k which is RM7k+ !!!! The difference/markup between BNM vs CIMB rate is 9%

Whereas for other currencies, the difference is very small between BNM and banks

US$ BNM 3.0315
US$ CIMB 3.0780 markup 1.5%

SG$ BNM 2.3970
SG$ CIMB 2.4320 markup 1.5%

GBP BNM 4.5679
GBP CIMB 4.622 markup 1.2%

It is the same for all other banks like MBB, RHB, OCBC etc. Does anyone know why is the bank mark up so high for THB ?

Private Pilot Licence

Showtime747 — Tue, 06 Nov 2012 10:05:47 +0800

I don't know which section to post in LYN, so I try it here. Hopefully some commercial pilots or people with PPL can give me some pointers.

I just want to learn flying as a hobby.

I live in Klang Valley. I know in Klang Valley there are Selangor Flying Club and Subang Flying Club that train and issue PPL. Are both clubs OK ?

How should I go about it ?

Hope some pilots or club members can show me the way