davidst01

On 2/24/2022 at 11:05 PM, lkn said:

Please elaborate. I think it is you who do not understand that a hardware wallet does not actually hold any coins, it holds a private key, and this private key can be stored in multiple locations, even multiple hardware wallets (most have the option to transfer an existing private key to the wallet).

 

And having your private key in a single hardware wallet is an extreme risk, it can break or be stolen. Just last week, a friend of mine got his hardware wallet stolen (break-in where all his electronics was stolen), fortunately he did have a backup stored in another location.

jesus, mary and joseph. Give up whilst you still can... or is it too late?

The private keys to each individual hardware wallet are held on the blockchain. Duh...

On 2/25/2022 at 8:52 AM, tonray said:

I realize this is a stretch..but don't two 500 baht notes still equal one 1000 baht note ?

Brilliant. thanks for the first laugh of my day. 

OP sounds a bit neurotic. 

3 hours ago, Titan1962 said:

The reason I was asking,I was hoping someone might have a link to that handbook guideline the revenue department were supposed to have available at the end of January.

I have just had my tax return completed by a legal and tax company and they calculated my capital gains using the PIT guide line as per revenue departments instructions. The rate depends on income earned and it goes from 5/35%. I was able to get a deduction for my medical insurance that I have with AIA so I was pleased with that. 
 I am not saying everyone should do a return as that’s your choice. I preferred to get on done this year because I did go over the tax free threshold. I also think that because of the situation the Thai economy is in at the moment they will be looking at things a lot more closely than they did before. I am here on a retirement visa and just don’t want the hassle of the revenue department knocking on my door later on. My Thai misses thinks I am crazy lodging a return and paying tax. She tells me no one pays tax here unless your a big company. I replied,you are Thai and they can’t kick you out or cancel your visa. She just laughed and said up to you.

So from what I can gather the profit made from crypto will be taxed at 5/35%. 
If your legally married you can claim for your wife’s allowance or assistance you give to her family. Not sure how much you can claim as I just claimed as a single.

Hope this information might help.
 

We have a small business and paying tax. My wife made the comment why are we paying so much. The actual % that we are paying is a joke compared to the West but we are doing the legal thing like yourself. 

When I ever sell I will do the same as you and pay tax. I dont want anyone freezing my bank accounts etc...Best to do the legal thing

I believe that one is subjected to captial gains tax laws in thailand at the prevailing rate. 

this page is out of date:

https://www.belaws.com/thailand/taxes-cryptocurrency-thailand/

but maybe they can help

I use a tin pot accountant in my city. they told me dont declare it... I havent yet sold any but interesting to hear this

14 minutes ago, Muzzique said:

I actually build Crypto and Blockchains 

You dont have to try and impress me. ha ha

On 2/15/2022 at 4:41 PM, sirineou said:

As far as I can tell , it is pyramid scheme dependent on the greater fool theory, 

Schemes like that work well until there is no greater fool and you are the greater fool. 

No doubt you are bitter for missing out buying bitcoin early??

Just now, Muzzique said:

I actually build Crypto and Blockchains 

Yes, sure you do. And Im a brain surgeon. 

On 2/21/2022 at 9:47 PM, Adumbration said:

Ah that's right...you claimed you were going to sell half because buy had dipped to 56K.  But you never confirmed the sale on this thread or your selling price.

 

So I will amend my calculations:

 

Progress update:

 

investment: 200K

 

Fees on purchase: 1K (@Pravda to confirm actual cost)

 

Investment: 199K @ 55K6 per coin

 

199/55.6 = 3.579 coins

 

Sold half of holding because couldn't sleep at night (@Pravda to confirm selling price but noted that bid had already dropped below 56K.  OP also needs to confirm cost of selling).

 

So sold half 1.7895 coins @ 56K = 100K2

 

Fees on first purchase: 1K

Fees on sale of half holding: 0.5K

 

Currently holding 1.7895 coins purchased at 55K6

 

Today's price 47K8

 

47K8 X 1.7895 coins = 85K5 less 0.5K fees = 85K

 

200K invested 

 

Cash and coins as of today: 100K2 + 85K = 185K2

 

Net loss including fees: 14K8

 

The value of this thread is now absolutely worthless because you have not clearly reported relevant information and so you can now make things up to support your own narrative.

 

 

 

 

 

 

or maybe you have too much time on your hands?

1 hour ago, Pravda said:

 

Look, I'd normally agree, but these crypto "assets" are different (yea, I know). They simply can not be delisted due to cooked books as was the case with WorldCom, Nortel and a few other big names. Bitcoin will always have a cult following and even if it crashes its value will never be worth zero. Ten bucks maybe, but never zero.

OP please tell me that you're not leaving all that crypto in your exchange wallet. Do you know you should keep it on a hardware wallet?

2 hours ago, Muzzique said:

Because it's all built on FOMO and has absolutely no assets of value. It's a growing bubble and just like Dot.com's in the 2000's it will pop. It's a currency with no fallback and it's bubble can burst at any second on any day. Whatever you think you have will disappear in a second as you can try to sell your coins but no one will buy them when it comes crashing down to Zero. 

 

If you are clever and cash out before the POP you will be a rich man. But if you mistime it and hold any Crypto when it bursts you will lose everything. That could happen in 10mins time, an hour,  tomorrow , in a week, month, year or decade.

 

FOMO and GFM are the worst and most risky investments you can make as they have nothing of value as security and their value only exists in the herd mentality of FOMO.

Easy to see you have absolutely NO idea about bitcoin or crypto in general.

On 2/15/2022 at 4:15 PM, SunnyinBangrak said:

A very ballsy move, hope it pays off for you. As I did before I plan to make a large buy a few months before the halvening, so my next major buy will be Jan 2024.

 

ha ha. By then you might be paying 200k per bitcoin. 

The market has crashed. Its obvious that now is the time to buy as OP has done

I have been rejected by a health insurance company last week due to a pre-existing condition that I declared on the form. I also gave them a medical report from the specialist. I suppose they thought I was too high risk. 

Now Im looking at another company. 

I hereby consent to <XXXX Company> to collect, use and disclose my health facts and information to the Office of Insurance Commission. for the benefit of insurance business supervision 

Does it mean that the company that rejected me would have reported my data regarding the rejection to the OIC?

thanks

3 hours ago, Yellowtail said:

Is the roof tank stainless steel? 

 

We have a tank on the ground and a tank on the roof. 

 

City water fill the ground tank. 

We pump it up to the roof tank

We pump it down to the house. One advantage of this is that you still have water when the power is out, at least as long as your gravity is working. 

 

I would look for a cluster of valves somewhere that are configured for bypassing the roof tank. 

The way you describe is how I thought it would work. 

I need to ask our specialist where does the water come from when he turned the tap on up there and filled that tank on the top floor. I suppose I could test it by standing at the pump in the back garden and ask someone to turn on the tap up there (or just alter the height of the floater in the tank to start the water flow). If I hear that pump activated then I know that the system is basically pumping the water up there. Is this correct? thanks

We rent a building in the sticks of Isan. When we moved in, there was a water tank in the back yard and one on the top floor of the building- outside. 

The city water system supplied the water to the tank in the back yard and we upgraded the pump there. It supplies all floors with water. The pressure is a bit low on the 2nd and 3rd floor. 

Last week I looked inside the old tank on the top floor. It was dirty inside and I decided to bring a specialist to look at it. I was thinking that I would like to use this tank as a backup in case the city water suddenly stops for a day or 2. It does sometimes. 

He said he would clean it up and yes it could be used for this purpose. But after he cleaned it up and added a new floater device and pipe outside the tank we tested it and of course it didnt work. He said because he didnt design the system originally he didnt understand the set up. 

He later told my wife that he could set up new pipes from the upper tank to supply all floors in the building. Buy a new pump for up there?

Im confused about it all now. Is he saying that we should pump it up from the garden tank up to that tank and then pump it down to the rest of the building. Is this the correct. 

Please assist me or should I say educate  me on the best set up

thanks

On 2/12/2022 at 12:42 AM, Saraburi121 said:

The most true post in this thread. Sad but true in recent years that the restrictions are ridiculous.  It is a shame the troops are not allowed to go out and have good time. Did Cobra Gold from the late 90's to 2006.  First CG in Lop Buri and had a blast!  Best times were at small exercises in Isaan and Chanthaburi, good folks, great food, beer and beautiful women!  Got to see a lot of the country and met my wife here. Retired and settled in Thailand now. 

 

Laugh every year when Cobra Gold comes around the Pattaya crawlers become nervous like the OP, scared of a little competition?

Please read richard colemans comment- re your last sentence. 

2 hours ago, RichardColeman said:

One time I stayed in a large hotel in Pattaya, had these same American military idiot big kids running up and down the corridor tasering each other, throwing up, banging and kicking on each others doors all night, and crying that their mate was humping their hooker lady. Completely no respect for other guests or the hotel. Suggest they come in, get drunk and go back to their hammock with the lady they just got tattooed on their arm!

This is precisely the reason why I don't want to visit whilst these rednecks are in town. 

cheers

16 hours ago, AgMech Cowboy said:

The key is in you title! Why are you touching it? If something happens and you're injured he doesn't want the liability. 'Public' land or not, keep your hands to yourself.

Ha ha ha... Thanks for giving me my first laugh for the day. I think 1. you dont live in thailand and have no idea about this country. 2. Do you think a village guy with no money cares about a farang suing him for using a homemade bench press on a public road..... 3. you must be american. Only an american would write this. 

Thanks again for making me laugh. 

cheers

On 1/31/2022 at 2:07 PM, 2long said:

Since my infection I haven't had the urge to 'do what guys do when alone

Are you too afraid to say the m word? Must be British.

But yes OP.... I have the same as you. For sure this chinese virus is affecting my balls. 

The obvious reason is that I fear being rear ended. 

If there's a traffic light at the zebra crossing (like they have on beach road pattaya) then yes its safe to stop. But other than that I believe its too much risk to stop. The (Thai) driver behind me might drive up the back of me

Once I was in the N.East and pulled over to the left side of the road to take a photo of a rice field. Next thing I know 2 x 15 yr old girls on a moped rear ended me. I had to accept half the responsibility at the station. Parents tried the money grab on me but once I started showing my ugly/ angry face at them this idea stopped. The point of the story is that if one stops on a thai road, eg zebra crossing, there's significant risk- until such time as they educate ALL thai drivers to the new rule. 

I want KTB bank to automatically debit my KTB savings account and credit his bank (not ktb)

The KTB lass told me that it cant be done. Only KTB to KTB.

Is this BS? If you currently have a KTB and are doing the above please advise how you managed to do it? 

Im surprised that it cant be done....