Farang123

1 hour ago, Peterw42 said:

There is a power of attorney form you can download from the DLT website. GF would need to sign and send to you in the mail. 

Most sales, the seller signs a POA giving the buyer authority to complete the transfer

Thanks, DLT website?

I have a car I'm looking to sell but it's in my gf's name and she is out of the country indefinitely (I had a tourist visa at the time of purchase)

anyway to sell it still?

Thanks!

On 3/30/2021 at 11:57 AM, TigerandDog said:

if that's all you're going to invest (approx US $1050 ), then based on the current price of US $58k  you would only get 0.0181 of 1 coin. So even if BTC was to hit 100k that would only give you a profit of US $760.00.  So don't waste your time with Bitcoin as your return will be negligible. If you're serious about wanting to invest in crypto look at some of the smaller coins/tokens. e.g. Tron (TRX ), EOS, Ripple, Cardano. Do you research first. The way I decided which coins to invest in was to do a google search on the top 20 coins to invest in for 2021. I made a list of them and looked at 25 different web sites for their recommendations. Then looked at which ones were recommended the most across those 25 sites. I finished with a list of 15 coins. Then looked at their long range forecasts ( Dec 2021 ), decided which ones to go with. had to eliminate some simply because Satang did not have them listed, finished up with 10 and invested varying amounts on each one. So far so good, all in profit and increasing. My philosophy is if the total investment can increase by 500 baht per day, on average, by the end of Dec my investment will be 137.5k baht in profit from today. Now I know that's not a huge amount of money when converted to AUD, but I've also decided at what price, based on the long term recommendations to sell at. Greed has to be removed from the equation and common sense applied, otherwise you could lose the lot.

Some people said oh just invest $100 and see how it goes.  You say $1000 is an insignificant amount.  Although $760 is not life changing money, I wouldn't snub my nose at it if someone were to write me a check for that amount.

15 hours ago, Poet said:

I'm not going to dump mine. Neither will any other owners. The whole point of a decentralized currency is that governments don't control it.

Strange how no one considers the enviromental impact of the world's 5 million bank branches, tens of millions of employees, 3.5 million ATM machines, millions of security vans etc. Bitcoin is a miracle when you consider not just the energy but, also, all the frustration, inefficiency, and time wasted by the traditional banking industry.

No one complains about the enviromental impact of gold, but most mining techniques are highly destructive and polluting. Then, once you have it, you have to keep it somewhere. For organisations with large amounts of gold, that involves a large ongoing expense and energy cost. Moving it around costs a lot. Transfering it to another person requires that you both be in the same place. Everything has an environmental impact.

If the value of Bitcoin increases as much as the most conservative projections suggest it will, the energy cost per dollar stored will soon be lower than any other asset class.

 

Poet, can Kraken be used with a Thai bank account?  Or I could link with my US based account.  Can this be done from Thailand?  Because most of the sites seem to instantly pick up which country you are in and don't allow you to sign up if you're not in one of their verified countries.

5 minutes ago, fdsa said:

you are mistaking me for somebody else.

 

If you read my posts history you'll find that I'm mostly giving an advice to stay clear of Bitcoin because it has several serious flaws, also (can't remember if I posted this or not) I believe it is massively overpriced now and its real value is somewhere below 20'000 USD.

Also if you'll scroll this topic to the 1st page you'll find that I gave the most relevant advice — the easiest way to buy Bitcoins in Thailand — in the very 1st answer which somewhy was ignored by the topic starter. Possibly because they started the topic just to chit-chat rather than wanting to really know how to buy Bitcoins.

I read your post but I'm not comfortable with the method you recommend.  I simply do not know enough about it.  Thanks.

On 3/30/2021 at 4:06 PM, GarryP said:

Zipmex (zipmex.co.th) are still accepting accounts. Once the I had registered, it was easy to link my Thai bank account to my my Zipmex account/app. 

Can anyone verify if this site is any good?

What are the cons of using the Asian markets?

56 minutes ago, watgate said:

Just invest in Osprey bitcoin fund (OBTC) or Grayscale bitcoin fund (GBTC)  and save yourself a lot of grief.

Can you tell me more about that?

2 hours ago, GarryP said:

Zipmex (zipmex.co.th) are still accepting accounts. Once the I had registered, it was easy to link my Thai bank account to my my Zipmex account/app. 

Yes, but most of the experienced posters are warning about using Asian brokerages. 

1 hour ago, Poet said:

I use Kraken, but have not researched whether other exchanges might be marginally better. I would not use any Asian exchange. Bitkub seems to have had some serious teething problems, and I interpret technical incompetence as an indication of possible deeper problems.

For starting out, I would not bother with a hardware wallet or any complicated software. Keep it simple.

Anything related to crypto draws forth a lot of bitterness on this forum. Many of the most active posters are guys who are tech-savvy enough to use a forum, and who would have been aware of Bitcoin years ago, but simply didn't get into it back then. Perhaps they meant to but, like so many, never got around to actually laying down money and, now, feel they have "missed the boat". What you are seeing is an emotional reaction, not a logical one. Think about how you would feel in the same position.

You always hear that phrase relating to Bitcoin, "missed the boat", and it has never been true.  Sure, the best time to get into it was a decade ago when it cost 8 cents, but the second-best time has always been "today", whenever that happened to be. The important thing is the decision to take action and actually invest some money.

I have a lot of friends who I would describe as "Bitcoin-curious" and I always tell them to open a free account at a reputable exchange, transfer in $100, and buy some Bitcoin. Ignore all the other coins, no matter what hot tips you hear on YouTube - the factors I describe further down in this post will only fuel the rise of Bitcoin and, to a lesser extent, Ethereum. They are Coca-Cola and Pepsi of crypto.

Then, completely ignore your investment until the end of the year. The value will swing around like crazy, no one really knows whether it will be worth more or less tomorrow, but the general medium-term trend has always been upwards.

You should have a very nice surprise at the end of the year - my guess is that $100 invested today should be around $350 - and then you can decide whether you want to explore crypto more deeply. Just don't invest your $100 today if you will need it back next week.

*** Important point: You do not need to buy an entire Bitcoin, you can invest as little as a dollar if you want, it will still go up by the same percentage ***

So many of the people posting negatively on this thread said exactly the same things in a thread around the New Year, when Bitcoin was under $20K. Same for another thread, around the time of the Covid crash last March, when I urged everyone to get in at $5K. It was very clear to me that the pandemic had created an anomolous opportunity, and that the same factors would soon push it far higher.

I have quite a bit invested in Bitcoin and a lesser amount in Ethereum. I could withdraw it all in minutes and invest it elsewhere, but I keep it in crypto because I understand why it has gone up 12x over the past year and that we are only at the beginning:

Unprecedented levels of stimulus spending debasing fiat currencies worldwise, money sloshing around the world pushing up all asset prices, the looming shadow of crushing taxation to pay for the Covid overreaction, political instability in almost all countries, massively increased use of the Internet and faster introduction of entirely new populations in poorer countries, increasing adoption of Bitcoin by corporations and financial organizations clearly heading towards a tipping point, increasing mainstream awareness as a number of major exchanges head towards IPOs, and far easier on-ramps for consumers all over the world to own Bitcoin via their familar banking apps.

All of those factors, which have pushed Bitcoin up 12x over the past year, and 3x over the past three months, are only just beginning. Financially, the next two years are going to be rougher than anything we have seen in our lifetimes. The damage caused by the overreaction to Covid has been far more expensive than any war, and has quite clearly deranged significant portions of the public. The relationship between governments and their citizens has changed, and the inevitable increases in taxation, combined with the plummeting value of savings, benefits, and pensions are going to drive unprecedented levels of unrest and harsh crackdowns.

Just to be clear, while good for those of us with Bitcoin, all of this will be absolutely terrible for the vast majority of people on this planet. The stress and strain of the lockdowns are nothing compared to what is coming down the pike. Life is about to get a lot more expensive.

Some of the members here are on set pensions denominated in their home currencies. Unless they find an effective way to hedge against the debasement of those currencies, many will end up having to sell their houses in Thailand and return to their home countries to live out their remaining years in a far more limited way.

 

Thanks for this post.  I am planning to invest about $1000 USD in something.  About the coming problems for humanity, I agree in my lifetime (I'm 37) there will be many other obstacles that are worse than what we've suffered in this pandemic.  Bill Gates was right about the pandemic (He says there will be more) and is also predicting that the coming climate disaster (mass migrations, places being uninhabitable especially near the equator) will be much worse than anything we've seen to date.  Time to prepare for the inevitable.

1 hour ago, cnx355 said:

I read that at the moment the Thai Regulator ordered this for a while . 

 

I opened my accont a few months ago.  No problem yet except the few days in the past when their sytem overloded and they had to shut down.

 

That is why the Regulators imposed no new customers for a while.

 

Did you try with the apps ?

No, someone said they were shutdown by the regulators.  Will look elsewhere.  Thanks.

3 minutes ago, AndyFoxy said:

Top post. 

 

I'm glad I've got my BitCoin.

Thanks to Poet and allanos especially for their insightful and helpful posts!

34 minutes ago, whaleboneman said:

Said Farang123

Yeah but I'm not selling anything.

See, I had a feeling which some people mocked and now bitcoin is surging to 58,000+

1 minute ago, bolt said:

You should compile a list of say 3-5 websites (exchanges) and then do your own independent research.

You can rate each site pros and cons etc.

 

I have used several and I have found Blockfi to be the best for me, pro’s one free withdrawal per month, con’s limited crypto for sale.

but to be honest I’d stay away from almost every coin and stick with BTC only.

Its your money and your call, so do your own research.

 

Thanks, this is more helpful than  just posting a link to a site I know nothing about.  Have a good evening!

6 minutes ago, bolt said:

To be honest

If you’re using TV to find suitable ways to buy and sell BTC, then my advice is NOT to buy.

 

You must have a minimum knowledge of using online transactions, like sending – depositing money, and then a certain level of trust.

Looking at your comments on the above post shows you are very inexperienced.

 

So as other people have said, Stay away from crypto

I'm comfortable sending and depositing money online.  I think after I research for a while it will be o.k. to buy.  Provided I gather the right information.

I'm planning to invest 3/4 my recent stimulus check in something...

3 hours ago, fdsa said:

https://localbitcoins.com/buy-bitcoins-online/thb/

 

 

register on localbitcoins.com, choose a seller to buy from (I recommend Goonerdan/mikesfbkk/Pattayaguy/rdaria/redonion/Rithnia), create a trade offer, send THB to the bank details the seller will provide, withdraw received coins from the website wallet to your computer or hardware wallet.

If you want to trage a large sum, e.g. above 10k USD, then I'd suggest creating a small trade offer to ask the seller for a personal meeting to trade coins for cash, because localbitcoins becomes bit&#hy with large amounts.

See... this looks shady.  I'm not buying bitcoin from anyone with the name "Pattayaguy"

10 minutes ago, bolt said:

why not blockFI? 

I asked for step by step guidance.  You just posted a link I have no clue what it is.  I'm thinking now to buy from a US broker not a Thai one.  Still unsure.

Thanks to the people who have posted considerate posts.

Just now, bolt said:

sign up for BlockFI with Thai Address. no Ploblem, no broker

its up 2 U 

use my referral code https://blockfi.com/?ref=09cfcfdb

 

no thanks

3 minutes ago, Pilotman said:

I use a US based Broker.  I wouldn't touch a Thai one. The market is unregulated, so its a huge  risk.  Why a Thai broker?  The trade is truly cross border, so you can have it brokered anywhere.  

Thanks for the advice.  That is an option for me too.  Will look into it.

Just now, Pilotman said:

Why so urgent? You missed the big boat and the little one is still around.  Sorry to be negative, but it appears by your post that you need to do some deeper research,  so that you know what you are getting into, in detail, how it works and what the 'considerable risks' are if you are not tech savvy.  Relying on a online broker to fill in the gaps in your knowledge is a sure way to get ripped off, big style. 

I just have a feeling that it is going to be going up in price soon.  Yeah, I'm doing some research just wondering what brokers  people recommend who are in TH.

is bitkub.com any good?  I just tried signing up for their account but there was a message "not accepting new accounts at this time"