GrandPapillon

4 hours ago, fdsa said:

This bank is called Krungsri / Ayutthaya

get a better bank, problem solved. Could have used WISE also.

4 hours ago, fdsa said:

and the bank staff said they could not send the money because they want to see a printed invoice from the party I was sending to

yep, new regulation from SWIFT, a PITA

but using crypto to replace a broken system with another insecure broken system like cryptos is not an option either

1 hour ago, Neeranam said:

Here is a rocket scientist explaining Bitcoin's use and value.

 

that guy is simply not there, what a loon, listen to last 10min, it's hilarious ????

2 hours ago, fdsa said:

And when you need to pay a $100 invoice via SWIFT you are happy to pay $50 in fees.

more like $25, but who is silly enough to do a $100 transfer with SWIFT? nobody :)

you pay with a credit card, like normal people do :p

3 hours ago, Neeranam said:

It's not that they don't like it, they just don't know how to buy it. 

please tell us again how do you buy it? ????

5 hours ago, lkn said:

I am just asking what it does, where the value comes from, what these use-cases are, and the response is: You just don’t understand.

"You just don't understand" is actually a translation of "I have no answer" ????

4 hours ago, Neeranam said:

we are happy that it has happened(well some of us) as the real growth will now happen. 

priceless indeed ????

10 hours ago, ThailandRyan said:

You must detest Cathie Wood then.....

indeed, she is over-rated, and an intellectual fraud ????

I suggest Crypto gurus should read a few books on market pricing models, learn what is a unit root and a random walk, what is a mean reversion trend etc... etc...

4 hours ago, warrima said:

Ye really cant fix stupid. Trusting a waiter who would say anything just to move ye on. Then gulfing it down without confirming. Darwinism right there. 

yeah was going to say the same, why would you believe anything the clueless staff is saying when their default mode is to agree with anything you say just so they don't have to think about an answer ????

"does this salad has sea food?"

"No ploblem" ????

1 hour ago, Gecko123 said:

It's very difficult for me to understand why you are talking about risk management considering it is almost impossible to put a fair valuation on a crypto currency. Your comment that most of the information available to retail investors is outdated only underscores my contention that crypto bulls claiming to have thoroughly researched the crypto space and to understand the risks involved may be overly confident.

nicely put and amen to that,

4 hours ago, Adumbration said:

I had a consultancy that focussed upon risk management.  I am therefore immune to the pifle the doom and gloomers are posting here about crypto risk.

as believable as Madoff himself ????

1 hour ago, Walker88 said:

so somebody who thinks the have a stop at, say $27,000, might see the first print at $15,000, never having traded at $27K. Just because someone has a stop, if bids evaporate, the stop is meaningless and is executed at best bid.

those bitcoins gurus without any prior trading experiences on "regulated" markets need to get that, putting a stop is not a guarantee it will work. It might work for a very liquid security but not for one with a huge bid/ask spread.

When you don't really know who is doing the bid/ask in those "unregulated" exchanges, you can bet that those bid/ask will change dramatically when things start to go sour. This happens a lot in Equity "Options" markets since they work in market sillos, exactly like the crypto exchanges.

5 hours ago, Neeranam said:

I maybe have asked once.

 

I want to buy a second house in Hua Hin. Obviously I don't want to use my prime crypto assets when I am getting 12-100% apr on them. 

 

I'm looking at getting a mortgage at 2.99 %. Obviously, I want to borrow as much as I can, it's not rocket science. 

 

 

dude, you need to watch that Netflix series: Trust No One ????

1 hour ago, Walker88 said:

How is some little retail guy going to do proper risk management?

they could start with basic "asset" diversification and equal weighted allocation among assets, and then watching assets when they go down 10% or go above 50% to rebalance

quite simple actually, but people are lazy ????

3 hours ago, Walker88 said:

I do rather enjoy how many day trading geniuses have suddenly appeared, and enjoy even more their rationalizations for watching a position fall 60%, but say "I'm still ahead". Had I left that much money on the table of any trade I did in my career, I would have fired myself.

amen to that ????