Wednesday, 27 December 2017

(Post 5/Week 4)zero dollar business:carousell and cryptocurrency(Ocoins?) part 2

It's week 4 of sonicericsg and I am back with another update on carousell and my journey in researching cryptocurrency




Last week, I manage to sell off one of my old comics(it's a death note Chinese comic btw)

 My carousell profile

As you can see in my carousell profile, its full of random stuff which is mostly book, most of it is given by my friends or brought by me at second-hand bookstores at bras basah(talking about bras basah, do you know you can also sell your second hand/used books over there?)

Anyway, coincidentally Sg investment lady was posting about how to save money this week and she touches on the topic about selling stuff carousell, I decided to ask her more about her experience selling stuff on carousell, here are some tips that she gave me

Tip 1: Take good photos but do not photoshop it too much

Tip 2: Place a slightly higher price for potential buyers to cut, giving them the feeling that they manage to save a few dollars

Tip 3: State the condition of the item and preferably be clear with the model, color, and sizes of the item

And lastly, since CNY is around the corner, she recommended that everyone should take the chance to do spring cleaning(I should probably do some spring cleaning on my own soon....)

Alright, let's move on to this week research in cryptocurrency:)

This week I decided to research the areas of different types of cryptocurrency...

Research link

Here are a few of the different types of cryptocurrency that I have research summarized

1.Litecoin(LTC)

Has a faster block generation rate and a faster transaction rate

2.Ethereum(ETH)

The second most popular cryptocurrency after bitcoin and is split into two ethereum(ETH) and ethereum classic(ETC)

3.Other cryptocurrencies

Zcash(ZEC),dash,ripple(XRP),monero(XMR)

4.Other cryptocurrencies

There are over 800 cryptocurrencies.

Honestly, there is a lot of cryptocurrency out there that are probably less well known compared to bitcoin,ethereum which make it pretty mind-boggling. However, to catch/spot the next bandwagon, I probably need to research more about the different prices of cryptocurrency and they're worth first to judge which cryptocurrency to focus on.

By the way, Obike has announced that it is launching its own cryptocurrency call: Ocoins

Link:http://www.tnp.sg/news/singapore/obike-launch-own-cryptocurrency-users-can-earn-while-riding

From the article, it seems that not only Ocoins can be used to pay for the rides and topping up the obike wallet, it is also able to buy online content or any application the Tron platform

Some fact about Tron...

Tron is a blockchain platform that own tronix cryptocurrency which is ranked 18th worldwide with a market capacity of US$2.6 billion (S$3.5 billion) and is trading at US$0.04

And also...

Obike will reward its user with Ocoin for riding(this could be a zero dollar opportunity!)

I am definitely going to watch out for more Ocoin news and in the meantime its back to researching cryptocurrency

Stay tuned to the next week blog post!guys(and girls!)

2 comments:

  1. Hi Eric,

    Saw a lot of stuff on your carousell page. Jia you and all the best with your sales!

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    Replies
    1. Hi,thanks for the encouragement,your blog is one of the few financial blog that I enjoy reading as you have a unique perspective,all the best to you too!

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