So far my guess is that the majority of buyers in SG are hoarders, in for the gamble.
Gambling implies uncertain outcome. In a world where the only certain outcome is losing wealth from keeping money in the bank, gambling might actually be a more sane option, whether it be equities/real estate/gold/bitcoin. You can thank our central banks for forcing us into this.
hahaha, well said
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Not really majority of my Bitcoins of course sold
. But the rest are used to buy GPUs, computer gadgets etc. Not gambling of course, but overall I do quite a lot of transactions.