GrandPapillon

when anyone can basically create a new crypto, you know the game is going to be flooded with "scams" and loser proposition

you have to be mad to put money into that kind of "market"

but people are dumb, so to be expected ????

On 5/23/2021 at 5:44 AM, Neeranam said:

was very happy with TMB SET 50, until I learned about crypto.

how is that working out today? ????

those "precious" are priceless ????

11 hours ago, dcollins said:

That isn't correct unfortunately. I don't meet the tax residency criteria for any of the countries I have been in so currently have no tax residency.

you were born somewhere, right ? try there first ????

Just now, The Hammer2021 said:

No resident

there is always a tax residency, but you have to declare it ????

remember to buy the deep, at $1 ????

Art is great for money laundering, no questions asked, that's why all the billionaires are buying art ????

2 minutes ago, dcollins said:

I could keep the CHF I have and switch some GBP to USD maybe.

 

I have been travelling and am not tax resident anywhere. The investment platforms all require you to give an address in a country where you are tax resident. It is not clear what happens if you turn out not to be tax resident in that country - possibly nothing at all - but I don't want to go there.

your tax residency is where you live officially, even if your income are overseas

I would suggest buying CHF instead of USD,

9 minutes ago, dcollins said:

Yes that's the problem I'm trying to solve / mitigate here. The trouble is I only have access to currencies or maybe precious metals.

that doesn't add up, why can't you open a bank account?

1 hour ago, allanos said:

Lastly, keeping your money in the bank is not a smart move. Simplistically, if inflation is running at 10% and the bank is paying you

2% interest annually, it is costing you 8% each year to keep your money in the bank. After around 6 years, the TRUE value of your money is around a half of that you had when you started.

actually it doesn't work that way for inflation, that's a very naive arithmetic approach

the true calculation is to multiply the inflation level with the interest, so 2% x 0.92 = 1.84%

the common misconception also is that the inflation rate is uniform and universal, it's simply an index or a benchmark "estimate", primarily used to adjust pricing for economic models and financial instrument models.

14 minutes ago, Tarteso said:

Daughter wants to send a gift from the US, a new iPhone and Apple watch, can someone tell me how much tax I have to pay when I receive the package? Thanks

don't do it, it's going to be a mess. Prices for Apple toys are the same when adjusted for currencies. Package will probably be seized, or stolen etc... complete waste of time.

Unless you are retired and have nothing else to do and don't mind spending hours dealing with Thai staff and their administrative loop ????

keep your money in CHF, not USD

why can't you open a broker account in Europe or the US?

Just now, John Drake said:

Error 404 Page Not Found

more like

Error 500 Internal Server Error 

13 minutes ago, John Drake said:

I wonder how many other exchanges are about to do "maintenance?" 

 

amazing,

you would think that after that Netflix documentary, the term "exit scammed" would be mainstream and be strong enough for anyone with cryptos to start "protecting" their "precious"

but no, know-it-all Millennials know better ????

19 minutes ago, spidermike007 said:

Hope you had the good sense to sell out at $50,000. 

https://twitter.com/i/status/1306636352025366529

29 minutes ago, vidgra said:

Wait a bit more, soon it will be valued close to ZERO....

I might be buying then ????

33 minutes ago, happydreamer said:

I posted a theory I had that I came up with

????

2 hours ago, spidermike007 said:

The banks are very grateful to be paying you 0.01% on your money. It is the steal of the century for those corrupt freaks.

why should they maintain your account for free when it costs a lot of money to manage accounts and money these days in this low interest environment

in some countries, like Switzerland, you are paying 1% to 2% for cash deposits, as the cost of ops for money is actually costly

In Europe, banks are paying the ECB negative interest rates for their cash balance, and will ask big bank holders to deposit their millions elsewhere because it's starting to be expensive. No joke.

32 minutes ago, Pmbkk said:

 A little reminder - you could lose everything even if the coin doesn't crash - Coinbase says anything invested with them could be lost if THEY go bankrupt - it's quite nice as your money is their money - it's like sharing where everything that is yours is theirs...

 

 

https://www.dailymail.co.uk/news/article-10807233/Coinbase-warns-customers-lose-crypto-company-goes-bankrupt.html

yeah, aka "Exit scam" strategy ????

2 hours ago, RafPinto said:

Musk must also feel the head.

TSLA dropping sharply and his holdings in DOGE and BTC.
Also his Twitter investment where he promised a much higher price then it sits now.

Elon lost about 35 billions USD in the last week, things are starting to get interesting for him

Twitter board sold just in time, the lucky <deleted>, but if Elon had waited one week, he could have gotten the same deal at 20% off

3 hours ago, RafPinto said:

jesus, if that is not pump and dump, then what is ????

On 5/5/2022 at 7:32 AM, scubascuba3 said:

I recall King's Castle agogos being on the left coming from Silom? I'm 100% sure agogos on the left had ladyboys in and i used to go to King's Castle but can't recall exactly which agogo was which, some years ago

Those ladyboys bars were the best, good times ????

1 hour ago, how241 said:

Taxes are the biggest problem, especially with the USA.  The gov't tries to take as much as they can,  then they waste the tax money on needless things .  A lot of the tax money gets stolen and absorbed by the politicians.  Some things never change. 

need to pay for all those wars ????

and to make sure the Russian commies are not coming to invade our European assets ????

2 hours ago, how241 said:

Even if I had to pay 40% in taxes,  I wouldn't be complaining about a $18m profit, after I paid my $12m in taxes. Making $18m  sounds glorious to me and in this example then "taxes paid'  and you can spend freely.  

that if you didn't have any wash sale, which the IRS doesn't take lightly, some have ended up paying all their gains as taxes

same with stocks,