phycokiller

looks good to me. I wasnt expecting to be able to retire when I invested in bitcoin but Ive already spent more then my original investment and still have enough to live comfortably for the rest of my life and beyond. guess people have different ideas of what a good investment is

water use would have been down this year with covid but PP will have to ration its water for 6 months of the year in the future and thats not really ideal for a functioning city, a close to home example being the collapse of Angkor Wat

theres another way to maintain the peace when people have differing views and its called democracy. but its not very good for maintaining dictatorships which I guess is the future dictators main concern. no doubt they will do what thailand did which is have a military takeover at the time of HEs death to repress any opposition to his son 

2 hours ago, BritManToo said:

Could say the same about London and local Brits.

This is a worldwide problem, not just a Cambodian problem.

wheres the problem? they look ugly and I wouldnt want to live in one but they provide a bit of employment for builders. doesnt affect me at all if people want to waste money building useless stuff 

seems like the ambassador didnt understand what he was being told, a feature that cambodians seem very skilled at

10 hours ago, Redline said:

They care more about the Chinese than their own people 

they care only about themselves

big problem is that if you dont have an education you dont know what compound interest and its implications are. a loan is just easy money

On 7/3/2020 at 6:37 AM, yuyiinthesky said:

This crisis, like all the others before, makes the very rich richer and the poor poorer. Sad. Even before the virus there was modern slavery in Cambodia, for example in the blood bricks factories, where many poor ended up when they could not pay the loan sharks back anymore. Not loans for luxury items, but often simply to pay for a hospital treatment or similar.

More are joining them now.
 

This is despite the fact that Cambodia itself didn’t have a draconian lockdown, but it is mainly caused by the lockdowns in the export markets.

cant stop people taking out loans

I would always store offline because why not?

17 hours ago, Peter Denis said:

1 - In order for the Bitcoin scheme to survive, it needs both a steady influx of new funds, as well as 'hodlers' not cashing out en masse.  Hence the continual propaganda that it will keep doing well, to attract new investors and preventing hodlers from cashing out.

2 - Bitcoin is not based on any value-creating activity, it are just numbers on a digital ledger with no 'obligation to a debt' - it is literally backed by nothing except the belief of the Bitcoin-users in their Monopoly-money which has no connection with any 'real world' obligations.

3 - I agree that abolishing any middlemen and any checks before irrevocably transferring Bitcoin makes the transfer-process relatively fast, but Good Luck if something went wrong because indeed it is totally in your hands...

1 - no reason that wont happen, been happening for ten years and no reason to think it will change

2 - cheap fast totally secure transactions seem like value to me. being backed by nothing also seems to be an advantage, its just pure money with no other use.

3 - I agree

this will just drive the price up so these manufacturers can increase their profits. nobody wants fentanyl mixed into their drugs without their knowledge. they need to legalize all of it so that governments can control the quality. portugal being an example

On 6/13/2020 at 3:04 PM, Peter Denis said:

Yes, I don't deny that. 

But the question is of course who will ultimately pay for those millions made out of thin air?

If there is no influx of new users investing in Bitcoin, the scheme will come to a grinding halt, and when that triggers an exodus of Bitcoin holders cashing out, it will - as always - be those selling (too) late that will get only a fraction of the price they bought them for.  The money they lost will have been wasted on keeping this crazy scheme in the air, as well as being used to pay for the Ferrari's and Lamborgini's of those who stepped in early and cashed out in time.

A smart and decentralized pyramid scheme, but a pyramid scheme nonetheless... 

if there is no influx sure but there is a steady influx and no sign of it slowing, and bitcoin is pretty big now, bigger then many countries economies, so its not going to go anywhere fast or without warning. you say that it offers no products or services. thats not really true. it is probably the most secure form of investment available. your bitcoins wont be going anywhere while civilization is still around, and its one of the few investments where its totally in your hands. this is why more people are investing in it. not because they are hoping to get rich. it also has the advantage over any other investment in that it can be transferred relatively quickly to anywhere in the world. 

On 6/11/2020 at 6:44 AM, BritManToo said:

Got a pal living in PP after no longer having enough money to get the VISA in Thailand.

Got a pal in SR who seems more than happy with the price of everything.

 

I enjoy both places but prefer SR, problem being, it's too hot in the summer.

yeah, seems about the same costs as Thailand to me, Im not sure what the expensive things these people refer to are. SR is hot, but so is all of Cambodia and Thailand when you go inland

2 hours ago, Peter Denis said:

Hi a3tsw,

Luckily you only 'invested' a relatively small amount in Bitcoin and did not buy at the highest peak so your loss when selling now would be approx 1/3 of the price you bought them for.

Unless you need the money, I would just leave as is and check once a month the Bitcoin price.

And also decide a 'selling window' e.g. when the price goes under 50% of your initial investment or goes over the point that you would fully recover your initial investment.

As mentioned you were smart only investing some 'game money' because there are others that invested their life savings hoping to become millionaires, trusting guys like John 'Cokehead' McAfee predicting a Bitcoin would be worth at least 1.000.000 US $ this year.

 

 

plenty of people made millions from bitcoin. looking at the charts theres less then a year in its ten year history where you would have made a loss investing

greed, and a very simplistic greed, a gold watch and bentley and off shore bank account with a big number and they are happy people

Im sure they could recover this money from a few bank accounts and properties if they wanted to

dont really want to get into the discussion because Im too busy with my retirement, thanks to bitcoin, but it is very easy to cash out, I do it all the time. just look around and do some research 

casinos are a model for sustainable development? I dont think thats working too well so far

thats a spinner. so now he is saying that china does have use of them but not exclusively and why would they want to anyway. doesnt bother me whatever it is but its interesting that he is always getting into a twist trying to explain this away

noticed a lot of indians in PP the last week or two, and a few chinese

still, it would be good if access to water and washing facilities was better. many poorer people have skin infections due to not washing themselves and their bedding

13 hours ago, Andy from Kent said:

Isn't Cambodia considered potheads' paradise?

yeah but the army cant monopolize that

cant we have some anti moronic dictator campaigns for a change?

what is CP ALLs relationship with the dictators family?

of course, is there another reason why cambodia uses US$?