
happydreamer
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Everything posted by happydreamer
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Disagree with it then. The evidence speaks for itself. They obviously have a problem smoking weed and staying out of hospitals, something the rest of the world doesn't experience. Thailand isn't a country with people known for being able to handle drugs. Wouldn't know much about tourist areas, not a tourist and never went into those areas because I had no interest mingling with other westerners
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I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Never thought it would take over the world. Part of my investment strategy is to explore speculative products. Its as simple as that. I've worked in tech 25 years, when I was first exposed to BTC I had a few spare laptops lying around my house and ASIC miners were relatively simple to get a hold of. Setting up the mining pool and hardware was a fun thing for me to do. I had no idea what it was when I started doing it....I just thought it was interesting. 2017 rolls around and all of sudden those laptops and miners were money printers.. Thats when I did my first cash out.. My run with it from 2019-2021 wasn't a fun time at all until it peaked but I had no where near what I had in 2017 so my profits were marginal at best. This last year has been a <deleted>-show. Utterly disappointed with how the story ended (for now) this last time. Still interested to see what becomes of it, and am not ruling out giving it a look in the future if the landscape looks different. For now it's back to equities and long term holds on "safer" assets. The thing is that after this debacle you need to readjust your risk management pain points. Cuz if you have them set to crypto tolerance you're gonna blow your portfolio quickly. Happy trading everyone. -
If you've ever ben around Thai people who are getting drunk or stoned you know they have no self-control. If smoking a joint is good then eating a brownie and making a slurpee with THC oil and smoking must be the best. Ive seen guys chain smoke joints like they're cigarettes. And I thought I came from a country of excess and abuse. These guys win hands down
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I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I agree with you on this and throughout the course of this year have been forced to really think about what it is that crypto is solving at this point...and mind you I'm a supporter of crypto and do believe it has a future. However, this year has kicked the whole industry in the face and turned it into something very unstable. You're right about digital money, I can literally Wise my Thai bank currency from my US Banks and depending on the amount have the money in literally seconds. -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Im not going to say never, and maybe to wont be BTC but there may be something else that developed over time....some sort of other digital representation of money. We're halfway to there already. I mean outside of living here...how many times in your home country did you actually see the money you earn. Most of what I saw were numbers on a screen and the ability to scan or swipe a card at a POS terminal. If it's at the point where someone has had to tighten their belts because of the crypto crunch, they made a wrong turn way back before any of this happened. -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Ya I agree with most of what you're saying here. Definitely has a long way to go before it has a chance to actually replace fiat. As of right now its a crappy substitute with far too many technicalities for the average non-technical person over 40 to understand. I used to think the idea of decentralized currency was good but the recent events and how brazen the people running these businesses are has really turned me off to the idea. Its like a new level of distrust. if one doesn't trust their politicians thats one thing but if you can't trust the people who are custodians of the basis of your wealth...thats not really a world I wanna live in. Im continuing to accrue passively thru the rewards programs on my credit cards but I'm done with staking and exchanges. Not worth it. Best of luck...hope you make some good choices ???? -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Interesting perspective. Why do you think they would want people out? -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Im holding it on speculation. Like I said I'm interested in seeing what future use case might evolve to be and see where the technology goes. -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
I'll say this much. I'm a long time Bitcoin adopter and holder. I believe in the tech, I believe in blockchain as a concept but we are in some really dark days right now and it's certainly not looking good for the current ecosystem. We dont know what happens now, the world has never seen what happens during a crypto bear market. Maybe this is the fallout. 13 years for something like this isn't a long time to have all of the <deleted> worked out especially given the cavalier approach since it's inception. It's a risk. A huge flipping risk and a lot of speculation. I asked myself last week why I was still in it after all thats transpired. The answer is the same reason it was when I first got into it. It's interesting to me. The evolution of technology and use cases are interesting. However I'm pausing my involvement at the moment until the smoke clears and we get some solid rules around this. My exchanges were Gemini, Binance and BlockFi. I didn't use FTX, never trusted them since they were based in the Bahamas. Do I think it's close to being right? Hell no. No way. What this has done right now is expose the criminals within the eco-system. And when you consider what BTC was initially used for in the early days it doesn't seem now like to far of a stretch that the biggest holders are the criminals who dealt in it from it's inception. Kinda like the other criminals we know who occupy various administrations in various lands of various people. They're all criminals. This being as new as it is has the most loop holes and therefore ways to get burned. And thats whats happening. there's no one in the crypto space right now who's NOT feeling the burn of the current state. I dont care who you are. You're pinched some way. BlockFi shut off my credit card. I found out when I went to pay for something while being out on Saturday. I mean even something like that is a huge inconvenience and impact on someones life. I have to to in and adjust approximately 15 different services that autobill to that card now costing me time, frustration, and ultimately money. Am I cashing out? No. Am I completely done with it? No. Am I going to continue to support these lawless exchanges by using their cards and paying interest and buying crypto from them. No. Gemini , I will. they've made a big effort to separate themselves from the pack. I still dont trust them though and wont leave any money on their exchange. All my stuff was migrated to cold storage. Still waiting on the final 10 % of it to complete processing. Shall see what happens. -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Ideally sell it when it has more value that what you acquired it for. As of current I dont think there's many of the original HODL'ers left. Although there may be some who got in when it died sub 5K back in 2018. -
I just bought $200,000 of Bitcoin
happydreamer replied to Pravda's topic in Jobs, Economy, Banking, Business, Investments
Dude they're just a bunch of haters with nothing better to do than try and rub someone's face in a downtrending economic situation. Long time Btc adopter. Mined it in 2014 with an ASIC Jalapeno miner. It was between 100 and 200 dollars at that time. Cashed out in 2017 when I started traveling professionally. Reentered in 2019 when I had the ability. Been dollar cost averaging along the way. I'm a firm believer in it. These shakeouts will determine the true players