ThailandNeb

1 hour ago, Nadia6 said:

Amazing and to be expected that while everyone is concentrating on other Crypto a financial reset and update is happening right under our noses and only 1 person has mentioned it in this whole thread.

BTC maxis and other Crypto fans hate the Gov and the banks but when I invested a few years back and doing research I could not understand why people thought that any crypto would take over the world and eliminate Banking from each country.

I immediately thought NO WAY in hell any country is going to let that happen and we can see I was right when LIBRA was proposed by facebook.

Instantly countries started to move against the idea because no way is any country going to give up control of their financial local currency or allow anyone or any coin to take over.

That is why when looking one coin stuck out that goes against all principles of the BTC maximalists and Cryto crowd and was aimed at working with Central Banks around the world and complying with all regulations along the way.

A Coin which would work to update an analog financial system that has not been updated since the early 1970.s

Cross Border payments to this day use basically a FAX system to send money worldwide which takes days and costs a lot each bank has to have sufficient money on deposit (called Nostro Vostro accounts) to guarantee the money transfers are settled )

Bitcoin will remain as a store of value although I do expect some regulations to come into play especially after Christine Laguards most recent comments calling for regulation.

The coin I refer to is XRP which just a few short years ago had no use case but is now used by financial institutions worldwide as well as many banks all over the world.

You can hate banks all you want as well as Governments but the reality is they are never going to let Crypto take over unless it is using their own digital currencies issued by their own banks and guess what blockchain they will use to move money all over the world 

the XRP ledger 

XRP is designed specifically for this and with the new FLARE network about to launch it allows banks to create their own CBDC (CENTRAL BANK DIGITAL CURRENCY) which is what will happen with every country they will have their OWN digital currency issued by their own financial institutions.

XRP will the the bridge between all the worlds new Digital currencies they will be able to instantly send lets say a Digital Dollar to Thailand have it instantly converted to thai baht at the current exchange rate and into your bank accoun it all happens from end to end in less than 3 seconds and costs a tiny fraction of todays wire fee's.

Dont believe me? do your research because SCB Bank and Kasikorn are partners with Ripple and already using the XRP LEDGER.

At this time XRP is as cheap as bitcoin was back in 2012 and anyone could buy 1000 today and take a gamble (you could not buy a 1000 bitcoins today at $30,000 each)

As for the haters I will inevitably get

i will say this 

If Bitcoin was to be released TODAY nobody would want it as it has no utility, is way expensive to use, way too slow and uses too much power to mine.

I am not a BTC hater and I think it will continue to rise and be the digital Gold
I just think BTC is the Napster of yesterday and XRP is Spotify of today.

If you have some money to invest and can wait 5 years XRP is a great bet.

I think it will be all the money especially with FLARES defi about to launch.

The XRP HODLER says HODL 

Any concerns about the SEC action underway on Ripple?

The dangers of not being decentralised...

Hoping to get some advice from some investing gurus here.

I am a Kiwi that lives in Bangkok, married to a Thai and looking at living here long term.

I am wanting an easy low fee and tax optimised way to start an investment portfolio.

I have been researching SAXO as a platform and they look good, however would you recommend UK or SING as a base for the investment?

I would like to be accessing the Vanguard instruments predominantly and be adding savings every month or two.

Any help is appreciated.

My wife and I will also be doing a wee bit in the SET50, any advice on best low fee place to attack that also.

Thanks in advance! ????