lkn

Go back and read @Gecko123’s comment, he explicitly mentioned the fundamentals underlying stock valuations, which are all missing when it comes to crypto. Stocks are ownership in companies with revenue, you can put a price on that. People may not agree 100% on price, but anyone should be able to explain how they arrived at it being under or overvalued, based on their expectation of the future earnings. Please take any coin or token you want, and tell us how you can determine if the current price is fair, or what it is based on!

Worth mentioning though for a Coinbase card backed by crypto, you pay 2-3% in liquidation fee if you have no fiat, and you pay another 2-3% in foreign exchange fees, so using this card in Thailand would probably cost you 5-6%, i.e. definitely not worth it. The Crypto Dot Com card is better with fees, but you have to buy their CRO token and “stake it”, I think the minium amount was 400 EUR worth of CRO tokens, and the CRO token has fallen 80% over the last 6 months, so while you may get nice cashbacks (in CRO tokens), if you got this card 6 months ago, you basically lost 320 EUR… I know that people here of course always bought EGLD, CRO, BTC, etc. 2+ years ago, so of course they lost no money, but with no fundamentals / intrinsic value, and it already gone down 80%, there is no reason it can’t happen again — also, CDC have reduced their cashback percentages from 1st of July or so, because despite all the money they got from selling overvalued CRO tokens, it seems their business model is still not sustainable…

Also remember that crypto exchanges are unregulated and have been caught doing wash trading, front running, trading against customers, having no backing for the funds on the exchange, etc. It’s a casino where the house has been known to cheat. DYOR or risk management makes little sense in that context.

I am a value investor, so I tend to not use options. Only if I think there is a chance of a big drop e.g. when earnings are announced may I take out a put option on some of my holdings. So yes, I know what option contracts are, and for me I only use them for hedging, as these are zero-sum games, which I generally avoid.

It was that just because CBOE wants to sell you options, does not mean they believe in the underlying asset. They just believe they can make money selling these options, just like Robinhood is happy to sell you meme-stocks (or crypto, for that matter).

And MGM believes in slot machines, at least enough to offer them at their Bellagio Hotel in Las Vegas…

Have you actually looked at them? There are several numbers, with and without energi, food, etc., there is the consumer price index, where government employees actually call up supermarkets regularly to get the prices, and all their raw data is available for your inspection, if you think they are lying about the price of milk.

It’s basic knowledge about productive and unproductive assets. The latter is only interesting if there is an end buyer, so money can be made from arbitrage, storage, or via seasonal demand (futures market). Bitcoin is an unproductive asset without an end user.

Woah! And now 1 USDT = 0.9524 USD… this to me is by far the most interesting number to follow, as Tether is so obviously not backed by actual dollars, but the entire crypto ecosystem has been wearing blinders, and not realizing just how much of a house of cards they have built, assigning USD value to coins made out of thin air and then adding x100 leverage…

But bitcoin has no value for a rich person, all they can do is to try to sell it to a greater fool. Much better ways to make actual money for a rich person. Warren Buffet put it like this: Sell me all the farmland in the U.S. and I have recurring income from all the produce. Sell me all the apartment houses in the U.S. and I have recurring income from all the rents. Sell me all the bitcoin, and what could I do with it? I wouldn’t even pay you $25 for this. I am just pointing out that there is a bit of transparency about who holds what (public blockchain, remember), so large institutional investors trying to crash bitcoin would unlikely go undetected.

USD or USDT? Now 1 USDT = 0.97 USD… ???? That is Michael Saylor, often brought up by one of the bitcoin proponents as an oracle. You can follow his position here: https://saylortracker.com/

I suggest you keep your money in the currency which you have expenses. You want to take on risk that it sounds like you do not understand in order to avoid a “devaluation” that you probably also do not understand. While we do currently have high inflation (in most countries) this will go down again, and markets are currently extremely volatile, so better suffer 1-2 years of known inflation than bet it all on markets you cannot predict and do not understand. Also keep in mind that while U.S. inflation may be announced as 8.3% that includes housing, gas, etc., where gas is very likely to go down again and housing is irrelevant if you are not in the market for a new house. All that said, if you have a small fortune that is not going to be used for the next 5+ years then yes, you should hedge against inflation, but not by picking another currency or commodities (like gold), instead you need productive assets.

So you think institutional investors already hold enough crypto to crash the market, but they want more, and they want more because? Also, many of the top holders of bitcoin are quite vocal about it, e.g. Michael Saylor holds 120,000 bitcoins, then you have Elon Musk (via Tesla), Nayib Bukele (president of El Salvador constantly tweeting about “buying the dip”), the Winklevoss twins, Marathon Digital Holdings (bitcoin mining company that mine ~10% of all blocks but use the mined coins as leverage for debt to finance their operations, rather than sell the coins), etc. This also shows that bitcoin has nowhere near crashed, if any of the above people/organizations start to unload their coins then we will see a crash!

Sam Bankman-Fried is the founder of FTX (crypto exchange) which was one of several companies that ran ads during the latest superbowl. He was a guest on the Odd Lots podcast and was asked about yield farming, and (unknowingly?) described a ponzi scheme, leaving the hosts stunned. Matt Levine summarized it as: “You're just like, well, I'm in the Ponzi business and it's pretty good” and Joe Weisenthal added: “it’s just like other people put money in the box. And so I'm going to too, and then it's more valuable. So they're gonna put more money in, and at no point in the cycle, did it seem to like, describe any sort of like economic purpose”. There you have it: That is DeFi! It is just one giant ponzi scheme, but prices have been going down since early November, this is despite miners not cashing out their bitcoins (but instead lending against them) and MicroStrategy (aka Michael Saylor) taking out another $205 million loan to buy even more bitcoins, and this loan is secured by his existing bitcoins, basically the strategy used by Bill Hwang, who was buying up stocks, causing price to increase, and then taking out loans, secured by his stock holdings, and buying up more of the same stocks (using multiple banks and derivative instruments to make this scheme more opaque). Anyway, my point is just: That this conference is happening is very sad! It is just a lot of grifters who need more money into the ecosystem, so they try to convince regular people that DeFi is the future, and they should put their money into it, not realizing that nothing of value is being created, they are just paying for earlier “investors” to cash out. Recently Fidelity opened up the ability for 401(k)’s to invest a portion in bitcoin, nobody asked for this, but Fidelity recently invested in bitcoin mining so they need people to buy bitcoins, otherwise this mining company can’t sell the bitcoins they mine (which I believe they are currently actually not doing, because it would tank the market), so this is major conflict of interest for Fidelity: They bought a company that wastes enormous amounts of energy to produce worthless digital tokens, so now they want U.S. citizens who save up for retirement to start buying these tokens, as part of their 401(k). Rant over…

Despicable! If you’re nearing retirement age (and have money to invest) you should not try to predict the next big thing, but rather put your money in safe diversified investments with low management fees, like a world index.

If I do MYR → THB via Wise, it’s 1.13% above Google’s rate. So I think regardless of what OP does, they will pay 1-2% in overhead. I would get the Wise debit card and add it to my phone (Apple or Google Pay). It should be available in Malaysia. Though bring the physical card as well to use with an ATM to get cash (for those shops that does not support contactless payments).

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Also, it’s an easily disprovable conspiracy theory. Timothy B. Lee called up John Williams, founder of Shadow Government Statistics, from where this stupid claim originates, and Williams could not name a single item that has increased in price according to his inflation numbers. Furthermore, Williams did not get to 15% inflation (or whatever) by using “the old method from 1981”, he seems to be misinterpreting a cumulative 20-year change in the measured price level as a change in the measured annual inflation rate. And that causes him to overestimate that annual change by at least an order of magnitude.

For our condo it was definitely insufficient bonding. After some of the tiles started to come undone, I had the building staff tap on all tiles, and mark those that gave a hollow sound, which indicates that the tile had not bonded to the substrate. After seeing how many tiles had not bonded properly, we decided to retile the entire floor — removing the tiles did confirm that bonding was woefully insufficient. And yes, it seems to be a common problem in Thailand. Same with plumbing, lots of drainage seems to lack proper smell traps and/or venting, so the smell of sewage in your bathroom is not uncommon in Thailand.

Presumably this should also be possible to have working with your Thai debit card by using a proxy like Curve.

This assumes that the supply of goods and services is constant, but population growth alone should increase it, and then there is also productivity gains. That is why you pretty much have to increase the money supply, otherwise you would have deflation.

Rarely have I seen investors act based on the motives you prescribe to them. E.g. Buffet also missed Amazon, Google, Tesla, Netflix, Facebook, a.s.o. but he is not talking badly about these companies. If you actually listen to the criticism raised about crypto, you would understand it has nothing to do with “missing the boat”, these people have enough money to do whatever they want, and Buffet’s goal in life is not aiming to be early investor in the next big thing. Bank of Thailand just outlawed crypto because they fear it can pose systemic risk to the financial system, but I am sure you would read that as the establishment just trying to kill crypto because they cannot control it…

Virtual bank presumably means a bank with no physical branches, e.g. like N26 and Revolut. You download their app, do KYC compliance checks by uploading passport/selfie, and you are pretty much good to go! Open banking I assume refers to having some standards for banks to exchange data, e.g. in Europe I can use one app to manage accounts in different banks. But I didn’t read the article.

The SEC has rejected countless Bitcoin ETFs basically all with the same argument: The price of bitcoin is set on unregulated markets with no transparency and high likelihood of fraud. Therefore I don’t see the SEC allowing a bitcoin ETF before price of bitcoin was actually set on an exchange regulated similarly to how traditional securities exchanges are regulated. But even if something has changed within the SEC, what is the chance a YouTuber learning about this two weeks before the rest of the market? That would be quite the failure in non-disclosure rules by those responsible for policing that kind of thing.