It's normal for a first mover to lose marketshare without much additional innovation.   

Yes.   Everything has an effect, big or small.   

The price is always exactly where the market demands it to be, and the market is made up of an unlimited number of personal interests.

Try having health when you can't afford regular health checks, surgery, or medication.

 

The first million is the hardest.   And you'll see that it's really not a big deal.   It's just a number.   

Hint:  you don't need to live in Singapore to enjoy its benefit.   It's like you didn't need to live in Switzerland or Monaco to enjoy its benefits in the past (and still a good deal in the present).    Just fly over, open some bank accounts (moderately easy: as long as you aren't from a third world country, just need a proof of address from your home bank; funds to deposit; and ID), open a few crypto exchange accounts (easy; however some require a local cell phone number... which is pretty easy to set up, you just need to remember to maintain it with local bill pay from your bank account).     That's it, your funds now 'exist' in a place with no income tax on interest income.   

"Do you know that 'if' is the middle word in life?"
-Apocalypse Now

Zero for individuals.   Zero for businesses not registered in Singapore.   But the real plus is virtually no currency controls.   You can take as much money into SG or out of SG as you want.   The only * is that for cash, you need to declare over 20k SGD, but that is a non issue with crypto as crypto doesn't pass through customs anywhere.   

No hung up transactions here.   I had one that was stuck for 3 weeks but has cleared now.   All good baby.

As long as you have zero debt and disposable investment funds, then YES, I'd say jump right in.   

It's of course not illegal in a market with no legal framework.    You have to take the good with the bad.   

Good luck enforcing that.

And thank you SINGAPORE for being you.   

Why do people keep trying to make 'whales' the enemy?   Whales just do what they do.   Plankton just do what they do.

Sitting near someone with poor hygiene in a regionally configured business class cabin, ticket paid for with btc profits.

air gapped on a device you don't use for anything else.   only connect to the net via VPN.     

Btc trading is a great way to increase one's liquid capital, but for long term storage, one should really diversify.   Just like making money trading particular stocks, when you take profits, you don't typically use the profits to buy more of the same stock.   

I realize that English is probably not your first language, and you certainly have the right to your opinion, but the argument that people expect it will take the place of fiat is the reason why we can expect bitcoin will be more safe and reliable for the future is, in my opinion NOT a reason at all, simply for the fact that we don't know if it will be btc that will replace fiat.    

It's most certainly both.

It's not need.   It's want.   I don't NEED to take 10 vacations per year but I want to.

Give a man a fish, he will eat for a day, teach a man to fish, he will eat for a lifetime.

I'd also add... A man too lazy or unmotivated to go out and learn how to fish deserves to be hungry.