
Neeranam
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Everything posted by Neeranam
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I sell Bitcoin for Thai baht mostly, as I'm in Thailand, although I top up my crypto card also with UK pounds. Although it wouldn't be a bad idea just to go long on Btc, if you understand the cycles, it can be more profitable selling for fiat and buying lower. Last October, I sold my house and put everything in Bitcoin and decided to rent for the moment. I see about the debt, but I would have thought there will be consequences some time.
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I am not talking about the value of the US $ against other fiat currencies. The US $ loses over 10% of it's buying power every year, it would be stupid keeping $US anywhere unless you are getting 15% or so interest.You can't get this in banks, the only way I know is through digital currencies. For example, I get 15% interest on PolkaDot on Kraken, which is a US bank.
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You're welcome, good luck. For the last 7 years all my liquid assets are in cryptocurrency, not usually Bitcoin but others. Recently, Bitcoin has proved itself and is starting to do what it was invented for. There are lots of Luddites here that are scared of blockchain tech and know nothing about it. Just putting a small percentage of your assets into something like Bitcoin has proved better than any other asset over the years. I put all my salary into Bitcoin now and currently using my crypto.com credit card in the UK for nearly everything. There is volatility but a bit of research shows how to handle it best.
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I don't tout bitcoin at all. I just said it is what the wise are buying as a hedge to the collapsing US $. Why did I sell? So I could buy more during the bear market, like last October/Nov, I bought Bitcoin. You obviously have no idea of bitcoin cycles/halvening. I don't like being called a liar and therefore will never see any more of your posts.
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People laughed when I bought bitcoin at $1500 in 2016. They weren't laughing when I sold at 18K less than 2 years later, and $55k 5 years later. I mean the USD is losing value due to inflation and money printing, this is obvious and if you think otherwise, fool you. The US Dollar is finished, due to a corrupt government and $30 trillion in debt, which they will never be able to pay off.
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The USD has lost 99.88 % of its value against Bitcoin over the past 10 years. https://uk.investing.com/news/cryptocurrency-news/michael-saylor-says-dollar-lost-9988-of-purchasing-power-to-bitcoin-over-last-decade--dogecoin-creator-reacts-2957351
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I suspect the Immigration officers get tired of dealing with sexpats, who have no intention of integrating into Thai society, ignoring things like 'greng jai' and 'boon koon', or not even knowing what they mean. Lack of obeisance to civil servants, having a prostitute in tow, etc. To be fair, most immigration in other countries would feel the same disdain at foreigners like that.
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Thai Airways accused of favouring foreign passengers over Thais
Neeranam replied to webfact's topic in Thailand News
lol, I have done that with some people -
There is a war against crypto from the US government, sadly for them they are too late and you can't kill the bitcoin. Bitcoin is starting to show its true strength, even with previous attacks from the US, the collapse of major exchanges, pandemic, and other black swan events. I'm more bullish on bitcoin now that I was when I bought it 7 years ago.
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Thai Airways accused of favouring foreign passengers over Thais
Neeranam replied to webfact's topic in Thailand News
I mention that I am a farang as that is why she separated me from the rest of the passengers, who were not farang. It was a domestic flight and the language was Thai. -
Thai Airways accused of favouring foreign passengers over Thais
Neeranam replied to webfact's topic in Thailand News
If I couldn't understand Thai, she might have been right, she should have known there were no foreigners on board. -
Thai Airways accused of favouring foreign passengers over Thais
Neeranam replied to webfact's topic in Thailand News
Once on Thai airways, I was approached by a hostess and she started telling me the safety instructions in English. I said I had just heard them in Thai and she said by law she had to tell them to me in English. I was the only white guy on board. When I told her I was Thai, she didn't believe me and I had to show my Thai ID card, what a black affront. This was blatant racial discrimination, much worse than this guy had. -
Thai Airways accused of favouring foreign passengers over Thais
Neeranam replied to webfact's topic in Thailand News
Thailand has a strict hierarchical social structure and obeisance is extremely important, which foreigners don't understand, or in this case, criticise. Air hostesses are often half-way up the social ladder and don't like servicing other Thais, especially the ones many foreigners are with - the ones that look like they are former bar cashiers.