Mr Meeseeks

1 hour ago, OneMoreFarang said:

So obviously you are not a professional analyst, correct?

I know personally a fund manager and a top banker and a hedge fund manager. They don't touch any cryptocurrency - at least not with their own money. 

Now who should I trust? ???? 

Trust is an important point that cannot be overstated especially since 2008 when the banks effectively stole billions and were never held to account, yet the taxpayer bailed them all out.

Yet people still trust banks and the fiat economy despite all the evidence to the contrary and that they are definitely not trustworthy. 

Bitcoin is trustless meaning you don't need to trust a bank or the government (look what has happened in Venezuala and Argentina when they ordered the banks to close to stop a run and people withdrawing all their funds).

You own your keys you own your Bitcoin.

Code is law. 

1 minute ago, Surelynot said:

Bet they are feeling pretty sick at the minute......555

Of course because they are clueless and most of them dishonest.

Bitcoin fixes this and removes the need to trust the banks, financial advisers, hedge funds (look at what happened to hedge funds last month when they lost billions on shorting Gamestop) and all the other charlatans. 

Code is law. 

1 hour ago, OneMoreFarang said:

So obviously you are not a professional analyst, correct?

I know personally a fund manager and a top banker and a hedge fund manager. They don't touch any cryptocurrency - at least not with their own money. 

Now who should I trust? ???? 

I wouldn't trust hedge fund managers, bankers or financial advisors.

But they still keep calling me selling their services even though I have told them to f off several times. ????

25 minutes ago, Misty said:

 

How much bitcoin will your groceries cost next month?  Next year? 

A lot less if I hold Bitcoin over the equivalent USD or THB.

9 minutes ago, Peter Denis said:

Good for you, but there are of course also other considerations why some people - although well aware of the huge potential for a Quick Buck - do not step into it.

Two of the main reasons why I have till now refrained from jumping on the Bitcoin bandwagon are:

1 - The staggering amount of energy needed to keep the whole Bitcoin-system in the air;

2 - The gains made by those that stepped in early are 'financed' by those stepping in later.  Or in other words, my gain will be the loss of someone else.

“The notion that Bitcoin is wasting unnecessary energy is false – Bitcoin is more often than not using surplus energy that is expended whether or not it is put to use. Energy generators operate under peak capacity, meaning that there is often too much energy produced in case of a surge in energy demand.”

When compared with the energy consumption of the legacy financial system, according to the report, Bitcoin is on par with gold mining. Bitcoin’s 0.27% share of the entire world’s electricity expenditure equals gold’s crude oil usage for mining: 0.27%.

https://dailyhodl.com/2020/01/04/new-report-busts-major-bitcoin-myths-electricity-and-illicit-activity/

Just now, 1FinickyOne said:

One of our crypto fans on this forum led me to an exchange traded fund that is linked to the price of bitcoin and ethereum... 

 

I still do not understand much about what and how, but I do believe that it is becoming more mainstream and so I took, not so much a plunge... but a 1% joy ride... and even w/that, based on the large degree of fluctuation, it is the elephant in my portfolio... 

 

I think the closing over 50k might spark a rally - - 

Bitcoin will go to six figures this year, and my prediction is $300k by end 2023. Some are saying $1m by then.

I actually predicted $30k in June 2021, so it has outshone my expectations. 

Now that institutional money has arrived, there's no stopping the juggernaut. You have to remember they are buying more Bitcoin than is being mined, and they are holding, which means less coins for the rest of us. 15,000 BTC are being removed from Coinbase every week... and being accumulated by those in the know.

To become a wholecoiner (own at least one whole Bitcoin) puts you in an elite group of people of only 800,000 Worldwide and we are just getting started. 

One point of note, it is always better to actually own the Bitcoin or crypto yourself, rather than trust a third party but welcome aboard anyhow!

US Dollar -

Inflationary (25% of total supply printed in the last 12 months)

Backed by nothing but Govt. promises and debt

Controlled by a centralized authority (in this case the US Govt. and you really trust them?)

Can be seized / frozen by authorities at any time

Doesn't really belong to you unless it is in your pocket or possession (and you can't carry that much of it around all the time so you have to trust banks)

Need banks or third party to transfer over distance

Used by criminals because its fairly untraceable

Can be stolen easily (physical robbery, theft, etc.)

Bitcoin - 

Capped supply of 21 million (there will never be more)

Backed by the biggest network in the World (the internet of money)

Not controlled by anyone

You directly own and are responsible for your own funds (no need to trust a third party)

Extremely hard to steal from someone

No banks or third parties required

Can be used as a totally secure store of value

Can send almost instantly to anyone anywhere in the World without the need for a third party

Trust-less (no need to trust anyone else)

Network can never be taken offline, hacked or stopped

Pseudonymous (similar to an IP address)

All transactions are recorded on an immutable ledger (no good for criminals)

It's a no brainer and the future of money. 

I made seven figures USD on Bitcoin and Ethereum in the last 12 months from a fairly modest investment. To those saying that it is a ponzi or a fad, or only backed by greed, I suggest you educate yourself very quickly, or you'll be left behind. You can start by reading or listening to The Bitcoin Standard by Safedean Ammous. 

Microstrategy and Tesla have invested, Apple and Google will be next, and you are still sitting there without any Bitcoin? ????

17 minutes ago, Jonathan Swift said:

Please enlighten us as to how the process could have been made any faster here or anywhere else in the world, given that these vaccines have already been created and tested in record shattering time. And would you also include your own plan for mass distribution to tens of millions of people? If you think it's so easy to do maybe you should volunteer instead of complaining. 

It certainly could have been a lot faster here.

Did you completely miss the arrest of Thanathorn for questioning the vaccine purchasing process and lack of transparency?

9 minutes ago, rabas said:

That's 100,000 down, 69,530,000 to go.

 

Nothing would repair Thailand's situation more than becoming a highly vaccinated destination, and yet they continue tripping over each other to make a buck. 

 

 

It's a golden opportunity for the already obscenely rich to make even more money.

Money worship is part of the culture though, hence the gold on their religious figures and buildings.

2 hours ago, amdy2206 said:

And the government continues to purchase weapons and items for the Army, Navy & Airforce, and sure to carry on getting all of their perks despite the rest of the country becoming more poverty stricken by the day.

Everyone knew there would be no oversight or accountability under a military regime, yet they still tolerate it, some even openly supporting it.

For whatsoever a man soweth, that shall he also reap.

7 minutes ago, ThailandRyan said:

Not believing its only in Samut Sakhon and in the migrant community.  Who is this government trying to fool.

Only stupid people mate, but there's enough of them.

They need to start being completely transparent with the testing numbers and what they are doing outside of Samut Sakhon.

Transparency has never been the military, authoritarian way though...