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AndyFoxy

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Posts posted by AndyFoxy

  1. On 4/17/2021 at 3:58 PM, thaibeachlovers said:

    I think we already knew it'll be like the flu jab and need a yearly shot due to mutations.

    Pity they didn't tell everyone that a third shot was necessary before millions of doses were sold-governments may have opted for a different vaccine.

    Whatever, it's turning into a nice earner for shareholders in big pharama.

    Happy to get my first Pfizer shot today.

  2. 17 minutes ago, Selatan said:

    So, the removal of restrictions is not to be blamed at all but blamed it all on the vaccine? According to your own news source:
     


    If there are no infections leading to death after the second dose, then a vaccine is considered successful. But in the US, the CDC has confirmed 5,400 people that have taken the second dose, had been infected and 74 had died. This means the claims by Pfizer and Moderna that their vaccines could prevent severe disease and death has been proven to be false.

    CDC: Out of 75 million fully vaccinated Americans, 5,800 got COVID-19, and 74 died

    So about .00001 percent chance of dying. I'll take my chances with the vaccine I think.

  3. 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.

     

    Top post. 

     

    I'm glad I've got my BitCoin.

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