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INVESTMENTS

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Re: INVESTMENTS

Postby Paphitis » Thu Nov 01, 2018 4:57 pm

Maximus wrote:
Paphitis wrote:Anyone here get any BitCoin when it first came out? :lol:


I was introduced to it by a friend when they started trading at about 11 cents per bit coin.

I thought then that the idea was too risky and we didn't go for it.

Hindsight is an amazing thing but then who could have predicted that a coin would be worth $20,000 about a decade later!

20K for a coin, because of the technology it is built on. How ridiculous does that sound? :roll:


Supply and Demand i Guess.

yeh I remember when we were all making fun of it.

Now who's laughing? :lol:
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Re: INVESTMENTS

Postby Maximus » Thu Nov 01, 2018 5:02 pm

Are these sites regulated by the local governing body. Like ZOPA is regulated by the FCA.

So, is it fair to assume that if the P2P lending company disappears, they will take billions of investors funds with them?
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Re: INVESTMENTS

Postby Paphitis » Thu Nov 01, 2018 5:04 pm

Because of Bitcoin. I have vowed to have an open mind.

Therefore, I am having a look at Initiative Q.

Q Coins. :lol:
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Re: INVESTMENTS

Postby Maximus » Thu Nov 01, 2018 5:08 pm

Paphitis wrote:
Maximus wrote:
Paphitis wrote:Anyone here get any BitCoin when it first came out? :lol:


I was introduced to it by a friend when they started trading at about 11 cents per bit coin.

I thought then that the idea was too risky and we didn't go for it.

Hindsight is an amazing thing but then who could have predicted that a coin would be worth $20,000 about a decade later!

20K for a coin, because of the technology it is built on. How ridiculous does that sound? :roll:


Supply and Demand i Guess.

yeh I remember when we were all making fun of it.

Now who's laughing? :lol:


It depends,

there are a lot of people over invested and over leveraged, in negative equity, praying that it will to go to the moon!

Every day there is a new crypto or ICO being launched. They are late comers jumping on a bandwagon who's wheels are falling off.
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Re: INVESTMENTS

Postby Paphitis » Thu Nov 01, 2018 5:24 pm

There are different currencies. Not just BitCoin worth $6300 today.

There is Z cash where 1 ZEC = $115

People are mining them. At the moment Z Cash is the most profitable.

You can make about $300 per month profit by mining Z Cash on your computer.

One of our forumers does it. Can't remember who it was.

In my opinion, I believe cryptos are going to take over. We are only 1 Banking crisis disaster away from that.
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Re: INVESTMENTS

Postby Paphitis » Thu Nov 01, 2018 5:42 pm

Check this out

https://zecmine.pro/

people are really doing this stuff on the net. It's actually quite fascinating. :shock:
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Re: INVESTMENTS

Postby Maximus » Thu Nov 01, 2018 5:44 pm

Paphitis wrote:
In my opinion, I believe cryptos are going to take over. We are only 1 Banking crisis disaster away from that.


How would you implement policy to encourage savings or loans?

How would inflation be managed?

What would a crypto crisis disaster look like instead of a banking crisis disaster?
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Re: INVESTMENTS

Postby Paphitis » Thu Nov 01, 2018 5:52 pm

Maximus wrote:
Paphitis wrote:
In my opinion, I believe cryptos are going to take over. We are only 1 Banking crisis disaster away from that.


How would you implement policy to encourage savings or loans?

How would inflation be managed?

What would a crypto crisis disaster look like instead of a banking crisis disaster?


Don't know. But it was the 2008 Financial Crisis that bought about BitCoin.

If there is another one of them, then who knows what will happen.
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Re: INVESTMENTS

Postby miltiades » Thu Nov 01, 2018 6:55 pm

Tomtom has closed today up 14 cents at 7.54
Im convinced that Apple , one of the protagonist predators , will make a move this evening, if it does then I can see the price doubling.
Tomorrow will show.
I indent to hold on untill a bid materializes , will then make a handsome profit and .....buy my self a case or two of....Chateu Petrus!!
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Re: INVESTMENTS

Postby DrCyprus » Thu Nov 01, 2018 10:44 pm

Maximus wrote:Are these sites regulated by the local governing body. Like ZOPA is regulated by the FCA.

So, is it fair to assume that if the P2P lending company disappears, they will take billions of investors funds with them?


Mintos is based in Latvia and follows Latvian law.

here's a quote from an article I found

"Latvia, hotspot for p2p marketplaces

It’s no secret that mostly buyback platforms have settled in Latvia. The current regulation there is mostly ok (for the moment) with this form of financing. The regulator has a close eye on that sector and has sometimes a say. Have you asked yourself why Mintos for example amends its contracts, mostly the Latvian’s, from time to time? That’s the reason. It is a myth that there is no regulation of the p2p sector in Latvia. It is rather the case that there are provisional legislations which are not binding to date.

The regulator asks the marketplaces for even more things and is not stringent (and sometimes contradictive) in its claims (according to a lawyer I know). This results in a more or less chaotic environment where the marketplaces have to maneuver. Most of the platforms will in the end get a definitive licence in Latvia, as they can afford the manpower for dealing with legislation. It comes as no surprise that since spring 2017 only one new platform stepped on to the Latvian carpet: Peerberry. This is the platform of Lithunian loan originator Aventus Group. They seem to be confident to be able to fulfill the regulatory requirements.

These platforms operate in a grey area of regulation and there can always be the case that there will be a court ruling, which forces marketplaces to take certain measurements. It has happened in August for example, when all hipocredit loans where bought back from one day to the other. There were speculations that only good performing loans were bought back etc. Fact is that at that point of time a Latvian court ruled that selling private debts to private investors is illegal in Latvia. This case came up due to questions of the banking regulator and the consumer finance protection organization. As per a similar reason the Latvian Mogo loan contracts were restructured. The Latvian court rulings affect only Latvian loans and originators who offer loans in the country. Other regions are not affected by the Latvian rulings. Changes in legislation in Georgia led Mintos to change the structure as well (respectively the loan originators). Per January 1st 2018 the regulation in part of the consumer loan sector changes, so here as well some measurements must be taken. You see, there will come a lot of work for the p2p platforms. I do not want to create any fear with this post, but I think we as investors should be aware of the circumstances in the markets we invest. It is pretty normal if you open up new business fields that the regulator comes and wants to fulfill its assignment. Regulation in an adequate dose is beneficial for all parties!"

source: https://www.p2phero.com/2018/01/15/regu ... s/?lang=en
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