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I suggest you read the Thai Condo Act because it makes clear what is required from a condominium, e.g. the JPM must post monthly P&L statements, must have AGM within 120 days of the end of the financial year, must elect 3-9 committee members to serve for 2 years, but no longer than 4 years, etc. Condominium must have first AGM no later than 6 months after first unit is sold, and meeting minutes and supporting documentation must be registered at the Land Office etc. I would start by going to the Land Office to find out what has been registered about your building, and if any AGMs have actually been held, ask Land Office for help about what they would suggest your next step to be, which depends on what has actually happened. Someone above also quoted the part from the Thai Condo Act about who can hold proxies at the AGM, this, term limits, and how to call for EGM is also good to keep in mind for potential next steps. Basically the co-owners need to take back control from the developer, and the law can probably help you here.

The interesting thing to take from this arrest is that because of the public ledger, it will always be possible to trace, if any of your coins are from some old heist or hack. For this reasons, many exchanges, and other operators in the space, will not touch “tainted” coins. An attempt of a solution has been mixers, i.e. trying to conceal the origin of funds by mixing with a lot of other transactions. The counter-step from the “AML-compliant” exchanges has simply been to then ban any coins that have (indirectly) been mixed. And if Coinbase won’t take your coins, soon nobody in the ecosystem will. So true story here: A person needed to borrow $300,000 (mortgage). They turned to BlockFi, here they can borrow the amount by putting up 2x collateral in bitcoin and at an 10% interest rate + 2% initial fees. This person thinks bitcoin will go up > 10% p.a. so they take the loan, i.e. transfer $600,000 worth of bitcoins to BlockFi, pay a $6,000 fee to get the loan, and receive $300,000 from BlockFi. At this time, 1 BTC ≈ 65,000 USDT. But this was 4 or so months ago, and price of BTC was going down. So BlockFi tells them they need to provide more collateral, if they want to keep their loan, which happens a few times. Two months have passed, so our lender have paid 2 × $2,500 in interests so far. Now BlockFi tells them: Some of the bitcoins you provided us with are tainted, i.e. indirectly from mixing service or similar. You have two options: 1. Pay back the loan in full ($300,000) and receive your bitcoins, or 2. We sell some of your bitcoins to cover the loan. Unfortunately, at this time, our lender did not have $300,000 and 1 BTC ≈ 34,000 USDT. BlockFi sells enough of the bitcoins to cover the loan and this means capital gains tax on $300,000 for our lender… Really makes these DeFi lending services look like a great alternative to banks, right? ???? Of course our lender did not know their coins were tainted. Any maybe they weren’t when the loan was created, could have been Chainalysis that pushed an update to their list of tainted addresses that triggered it, or it could have been the added collateral that was tainted.

Nothing against digitalization or even online gambling and speculative investments. What is annoying is the people who repeatedly post empty fluff pieces trying to get us all to put our money into this negative sum game with their FOMO rhetoric, unproven claims of 15% inflation, repeated references to us being old, being bitter about having missed the boat, or just not getting it, and yet when trying to have a real discussion about pros and cons, the response is generally just that some influencer is now invested, so clearly it’s all great and legit… Anyway, time to use the ignore list.

But why don’t you use the crypto forum? You already know how many of us feels about this stuff, so why do you keep posting to the wrong forum? It would be if I posted about Pattaya beer bars in the Chiang Mai forum and just told the readers they can just ignore my posts.

Crypto-tech giant? More like how a population of people with few means and lost revenue from tourism are turning to gambling or other “get rich quick” schemes to try and improve their situation: We have seen similar many times before, often in developing countries with a less educated population. P.S. there is a crypto forum, why don’t you post there? Those with an interest in crypto can follow that forum. If I posted fluff pieces about Herbalife or Amway ever other day in this forum, I am quite sure moderators would eventually start to notice and take action. I wish moderators would do this for crypto, move all that <deleted> to the crypto forum!

What about standard deviation for these periods? How about calculating your return (or loss) if you DCA into BTC with a fixed amount per week or month?

It is sort of correct. You can only schedule recurring transfers to other KTB accounts. But with the mobile app (KTB Next) you can setup a monthly payment to another bank (though for at most 24 months into the future). Note that this is not possible with their web banking, so I suspect that the transfers are actually done by the app itself, i.e. the app on your phone will wake up and perform the transfer each month.

I hear that tourist areas have become ghost towns, because none of the migrant workers are there, so you don’t even have the commerce catering to Thais. Not exactly a buyers market.

With Krungthai Netbank (not phone app) I have the option to setup transfer until a total amount is reached: This is only when transferring to other customers in Krungthai, a small price to pay. As others have pointed out, there might be a problem if OP dies. But I don’t believe banks are actually informed about this (how would they?), only if you list your foreign assets in your will, will the executor of the will make sure the bank account is included in the estate, otherwise it will be left alone, and because it has the recurring transaction, it should be kept alive. Maybe $30,000 is too little to consider for an investment, but with a time frame of almost 17 years, I would seriously consider this route. But that only makes the automatic payout even harder, and if it is in your name, there might be tax implications. Really need someone to “watch” this. For the records, I would also be very interested in a product a la what OP asks for. So far, the best I have come up with is to setup an investment account abroad, in the name of the beneficiary, but only providing them with a VISA card where money is regularly transferred to. In theory they could get control of the investment account, as it is in their name, but not exactly easy without account number, answers to security questions, the 2 factor authenticator, minimal English skills, and branch located abroad. It just occurred to me though that this VISA card will have to be renewed. The bank did send the original card to the address of the beneficiary (in Thailand), but I could see potential problems here in the future, e.g. if beneficiary changes address, card is lost in mail, or bank changes procedure wrt. activating the new card, etc.

15 years ago (2007) I could get the first iPhone with 8 GB of storage, no GPS, no video recording, no biometric ID, etc. for $599. Today I can get a vastly superior 64 GB iPhone SE for $399.

So you are saying that GME and AMC was all institutional investors collaborating on a pump’n’dump? Doesn’t explain why you saw them buy up the stock after it rose in price… anyway, this is ridiculous, this has been covered from so many angles already with timelines that match the r/wallstreetbets activity, and RobinHood CEO interview about the liquidity problem they faced, but I am sure that was just a false narrative from a click-bait story designed to fool me… Article from the 12th of October, where stock price was $141.51 and it only went up from that date. So not supporting your original story about false narratives that made the stock drop and you then buying it in the 130’s because you saw through it all…

Retail investors buy for $1-2 billion worth of U.S. stocks and ETFs on a single day, sometimes surpassing that. So you don’t think they can affect the price of companies like GME or AMC (both I think were around $1bn when the r/wallstreetbets started)? Sure seems like the most likely scenario, but perhaps you can explain what institutional investors wanted with these companies, when the buying frenzy started last year? And why they didn’t just outright but the entire company.

It talks about “tumbling” down to $144.42 in after-hours trading (not the $130's as you said), and after reporting “disappointing fourth-quarter results”, not some false narrative as you talked about. And still, stock was trading around 30x earnings, which is twice what they traded at just a few years ago, and $144 is still pretty close to the previous ATH. But congratulation on your excellent timing by seeing through these false narratives and realizing the potential of their M1 Max/Pro chips, when the company makes less than 10% of their income from laptops…

I think it is Curve which has a setting that limits card usage to the same region as your phone (by having their app installed and allowing it to use GPS). This is pretty clever, although today, I imagine most fraud is via online charges. For that, I wish they would just all use phone app as second factor authentication. Most already do, but KTB uses text messages, which is less convenient, and it is not 100% consistent. Possible there is some threshold and/or whitelisted partners.

And Nobel Prize-winning economist Paul Krugman weights in: Highly risky financial products that nobody understands are sold to the least sophisticated buyers, who will be hurt the most from a collapse, and regulators are doing nothing about it. So echoes of the subprime mortgage crisis. Where was your “former BTC basher” in the subprime mortgage crisis? ???? At least this time for Goldman Sachs, they are only allowed to sell crypto to their affluent customers, and only if the customer asks for it themselves (iirc).

Go with Wise: I don’t think they will do full account verification if you only send $100 once, at least that was the experience of both myself and a friend, when we first used it. But account verification is taking a photo and a selfie or so, and then waiting a few hours, not that hard.

This is Apple’s stock since the 30th of July 2021. Not really showing that “drop” based on false narrative that you describe. It didn’t drop significantly until January 4th, together with the rest of the market, but has recovered a little since their record earnings announced last Thursday. Also, if you have been following Apple for a few years, you should know that there are pretty much always rumors about them scaling back production or that their products have underperformed. So again, I am not bullish on Peloton, but you need better research than just asking your friends, who are probably mostly male and are interested in building up muscle. How many women do you think buy squat racks and exercise to build muscle?

Why so condescending? No, I do not get my news from click bait, and also, I do not represent Wall Street. So institutions are long in failing businesses and the media is helping them get suckers like me to buy? Meanwhile the institutions are still buying up at inflated prices, as you saw on your Bloomberg terminal? What you saw was probably institutions buying stocks to cover their short positions, and the media has no interest in getting me to buy meme stocks.

Many gyms build their business model around people not showing up, so I am not sure I follow you there. Anyway, as I said, I am not bullish on Peloton, I just thought OP was misunderstanding what business they are in, while at the same time claiming Wall Street are old farts who do not understand the businesses being traded. Not being bullish though, if they can turn their loss to a profit, they do seem to have found a niche, they were already nearing one million subscribers pre-pandemic and have a good retention rate. My worries (if I were a Peloton investor) would be competitors (like Fitness+) stealing customers, rather than this just being a fad. Yes, this was wrong, but I think the edit window had elapsed when I realized it. I think my point is still valid though, that an 8 billion dollar company can easily be propped up by retail investors alone, so an overvalued Peloton, I would not take as proof of a malfunctioning Wall Street, also given how hyped up Peloton is among its users (a la Tesla).

Peloton is selling subscriptions at $12,99/month and they currently have > 2 million people signed up, a number that has gone up since they started in 2014 and with a yearly retention rate of 92%. So this is not about who uses their equipment in “the fitness world”, but rather getting people who wouldn’t otherwise go to a gym, sign up for their service (recurring revenue). How many people have aspirations of “getting in shape” but can’t find the time to go to the gym? That market is enormous, and that is why even Apple is now competing in this space with their Fitness+ service. Look, I am not bullish on Peloton, but I find it rather ironic you call Wall Street old farts that do not understand businesses, and then you seem to display a fail in understanding the business case for what you are talking about. Furthermore, who pushed up the stock price of Peloton? Of course we don’t know for sure, but my bet is on retail investors, not Wall Street. The same people who pushed up the price of Tesla, and probably some overlap with the meme stocks. Peloton is only worth around 8 billion, compare that to the revenue RobinHood makes in fees on crypto trading alone, which is many times that. I make that comparison to show how much “dumb money” is out there and controlled by retail investors.

The “you are too old to get it” is just a defence used by people who don’t actually understand it themselves. When the internet was “new” I didn’t tell my grandparents they were “too old to get it” but rather explained what value it could provide them, e.g. easy/free/instant communication with everyone in the family, access to news, information and other media, like otherwise hard to obtain recordings of musicians from their youth, a.s.o. Crypto is just a zero-sum trading game with the participants thinking that they are changing the world, but pressed for examples, they can’t give any of how anything is actually changing outside the crypto ecosystem, or how value is created in the real world. I already linked this in another thread, but it’s a great video that goes over a lot of things about crypto:

What a ridiculous post. Thais are only entitled to one rest day per week (so 6 day work weeks) and to observe 13 of the 28 or so public / national holidays. Additionally 6 days of personal leave per year.

For others confused about what auto conversion is: It is limit orders. For example sell 1,000 USD when price of one USD reaches 33 baht. So you get 33,000 baht or more, when the market rate offered by Wise reaches 33 THB per USD, rather than just accept the current rate. Of course there is no guarantee that the rate you want is reached.

I was referring to the anarcho-capitalist aspirations often seen in the crypto space.

This is a long video (> 2 hours), and the main argument is about NFTs, but for anyone curious about crypto, I highly recommend watching it in full, as it goes over a lot of the stuff, the motivations behind the creators, the problems it will and has faced, etc.: