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Speculating in cryptocurrencies: A rough approach
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sparkly
#41 Posted : Monday, April 16, 2018 10:11:20 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mukiri wrote:
obiero wrote:
Ebenyo wrote:
Central bank warned kenyans about this scam.Its more of a pyramid scheme.
And of all wazuans i couldnt imagine you in this thing.

Neither did I think such a high calibre trader would venture into the murky crypto waters

Laughing out loudly Reminds me when they also called MPesa fraud and took it to court. Currently at 325 billion dollars, I'm guessing you'd have the world listen to CBK? ICT Secretary Mucheru?


Is Mpesa money? Is Mpesa property? If so, how many Mpesas do you own?
Life is short. Live passionately.
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Mukiri
#42 Posted : Monday, April 16, 2018 11:20:42 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Mukiri wrote:
obiero wrote:
Ebenyo wrote:
Central bank warned kenyans about this scam.Its more of a pyramid scheme.
And of all wazuans i couldnt imagine you in this thing.

Neither did I think such a high calibre trader would venture into the murky crypto waters

Laughing out loudly Reminds me when they also called MPesa fraud and took it to court. Currently at 325 billion dollars, I'm guessing you'd have the world listen to CBK? ICT Secretary Mucheru?

... remember when there were no debit/credit cards? No? Me neither. We are slowly going digital. Ofcourse resistance is to be expected. Especially with the exodus of capital from stocks

Proverbs 19:21
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Ebenyo
#43 Posted : Monday, April 16, 2018 4:10:04 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,017
Location: Kitale
https://kenyanwallstreet...nst-digital-currencies/

Ignoring your own country banking regulator is a recipe for catastrophy
Towards the goal of financial freedom
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obiero
#44 Posted : Monday, April 16, 2018 4:31:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,248
Location: nairobi
Ebenyo wrote:
https://kenyanwallstreet.com/cbk-dampens-crypto-excitement-in-kenya-with-yet-another-warning-against-digital-currencies/

Ignoring your own country banking regulator is a recipe for catastrophy

Jiraha ya kujitakia

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S.Mutaga III
#45 Posted : Monday, April 16, 2018 5:10:24 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Ebenyo wrote:
https://kenyanwallstreet.com/cbk-dampens-crypto-excitement-in-kenya-with-yet-another-warning-against-digital-currencies/

Ignoring your own country banking regulator is a recipe for catastrophy

As I said before, I only speculate with what I can afford to lose. This is pure speculation and not a sound investment, and I am well aware of that. Indeed, I will take a back seat and cash out on June 30th. I expect the portfolio to go either way, but I wont lose sleep over it. The main reason I decided to speculate on cryptocurrencies was because I believed and still believe that we are in the goldilocks zone awaiting another bull run. I bought currencies that appear oversold and whose price was trending upwards supported by volumes. Anyway, lets see how my rough approach fairs in the fullness of time (June 30th)Laughing out loudly Laughing out loudly
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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snifadog
#46 Posted : Monday, April 16, 2018 6:13:08 PM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
bitcoin/blockchain has been around for the last 10 years, why is the man/woman being chastised like he is playing in yesterday's ponzi. He/she has clearly stated it's a speculation not an investment. Bitcoin will hit another ATH and members in this forum will be ruing the missed opportunity yet again
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obiero
#47 Posted : Monday, April 16, 2018 6:51:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,248
Location: nairobi
S.Mutaga III wrote:
Ebenyo wrote:
https://kenyanwallstreet.com/cbk-dampens-crypto-excitement-in-kenya-with-yet-another-warning-against-digital-currencies/

Ignoring your own country banking regulator is a recipe for catastrophy

As I said before, I only speculate with what I can afford to lose. This is pure speculation and not a sound investment, and I am well aware of that. Indeed, I will take a back seat and cash out on June 30th. I expect the portfolio to go either way, but I wont lose sleep over it. The main reason I decided to speculate on cryptocurrencies was because I believed and still believe that we are in the goldilocks zone awaiting another bull run. I bought currencies that appear oversold and whose price was trending upwards supported by volumes. Anyway, lets see how my rough approach fairs in the fullness of time (June 30th)Laughing out loudly Laughing out loudly

Bravery unseen in recent times.. All the best

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Mike Ock
#48 Posted : Monday, April 16, 2018 8:34:22 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
So you're buying just because it will go up in value? This cryptocurrency stuff is pure nonsense! And I say this as someone who earns a living from technology
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S.Mutaga III
#49 Posted : Monday, April 16, 2018 9:51:52 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Mike Ock wrote:
So you're buying just because it will go up in value? This cryptocurrency stuff is pure nonsense! And I say this as someone who earns a living from technology

I am not looking for value in cryptocurrencies. I am seeking to profit from a bubble with money I can afford to lose. The sooner you understand that, the better.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Stiffler
#50 Posted : Tuesday, April 17, 2018 3:48:10 AM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
S.Mutaga III wrote:
Mike Ock wrote:
So you're buying just because it will go up in value? This cryptocurrency stuff is pure nonsense! And I say this as someone who earns a living from technology

I am not looking for value in cryptocurrencies. I am seeking to profit from a bubble with money I can afford to lose. The sooner you understand that, the better.


He has clearly started he is speculating with what he can afford to lose. So let the man be....
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