The bitcoin market is incredibly volatile. In terms of U. The upside is clear. If you bought bitcoins in January and sold them in November, you would have made a lot of money. However, the downside of speculating in this virtual currency is that you could lose big — fast! The bitcoin market may be a bubble. Throughout history, greed and the desire for quick profits have led to various bubbles that sent prices skyrocketing — and then plummeting.
Perhaps you've heard of the Dutch tulip bubble in the early 17th century? At the height of the frenzy, a single tulip bulb sold for more than 10 times the annual income of a skilled craftsman. Now, you can pick up a high-quality tulip bulb for less than the price of a candy bar. With the popularity of bitcoins and the rush to acquire them, it's entirely possible that we could be in the speculative bubble phase of the market. Bitcoin has had setbacks. A widely traded virtual currency is completely new terrain — and Bitcoin has had a few bumps in the road on the way to its current popularity.
Back in , hackers exploited a vulnerability in the programming code and created billion bitcoins in a single transaction. People trust gold. People understand gold. They know where it comes from and how expensive it is to mine something called its intrinsic value. And people trust gold to be a solid hedge against inflation.
Can you name a personal milestone? It really blew my mind. This music sounded so fresh, although it was produced in In a way, it opened my third eye, my chakra and I fell into a great abyss of music. The songs have warmer tones but the selection also represents the way I mix. Categories are not important to me. I might start a bit slower, and then progress into heavier beats. I try to convey a narrative throughout my mixes, going through different types tempos, moods and feelings.
Just as in other scenes, you have to dig into the different pockets. Definitely check out this little House and Techno club called Headquaters. It was opened by some friends of mine, DIY people. My personal favorite hideaway spot, though, is The Projector. Who is, in your opinion, up-and-coming in Singapore and the region? He mixes a lot of local, seventies ethnic sounds with disco influences.
And then there is Prabumi from Jakarta. I heard some of his music when I was in Jakarta. What are your projects there? First of all, I have to say that I am a trained architect, but not a registered one here in Singapore, just to make sure not to get into any trouble with the board here [laughs].
With my partner Jasper, we design retail spaces, for example. In the past we have worked with Nike on several projects. We did a lot of bars and restaurants, quite a few clubs as well and then a Hotel, Bisma 8, in Bali. We really like to work with brands, especially start-up brands.
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