Jump to content

steve73

Advanced Member
  • Posts

    1,805
  • Joined

  • Last visited

Posts posted by steve73

  1. There are around 5-6,000 different crypto currencies (compared to just 160 national currencies), with a total valuation of around $3 Trillion.  Too many to even list..

    Bitcoin represents around 40-45% of that value, ETH another 15-20%.. The top 10 (incl. stablecoins) are 80%, the top 100, over 96%...

     

    Most popular exchanges are limited to a selection of perhaps 100 different coins, so unless you have loads of accounts you will have a fairly limited choice of crypto available to you.

     

    Any of the top 10-20 could easily increase 2-3x from here over the next few years, but unlikely to do much better.  If you want BIG gains you need to look further down the pecking order...and then find an exchange that lists the ones you want.

     

    I look for coins that are newly listed on popular exchanges.  Look for coins that have a high turnover.  Eg. BTC daily volume is typically less than 1% of its total valuation; most are 1-5%, but some may be over 50%.  High volume tends to correlate with a rising price as more people are jumping on board (but not always, so beware).. 

     

    Next look at the potential value or the number of unissued coins..  around 90% of all possible BTC (out of 21 million) is already in existence.. so there is not much more inflation of its supply possible.  At the other extreme, Shiba Inu has only 50%.. out of a possible 1 quadrillion coins.. and it's already in 11% place with 1% of the total crypto value.. it might increase a little more, but it won't continue its recent past performance..

     

    If you're willing to watch continuously there are some coins that can jump 20-30% up and down every day (sometimes a few times every day).  Even if the overall trend is down, you can often make 15-20% every day by timing the swings.  IOTX is one that I've been playing with over the past few weeks.. My 1st (small) buy was up 7x, although it's since dropped back, but daily swings are still typically 20-30%, so plenty of opportunities to profit.  It's currently in 64th place, with $2.5Bn total valuation, and around 15-20% daily volume/valuation... and there are only 5% of the coins left to be issued... so it ticks all my boxes. 

     

    But for these more volatile coins only "invest" what you are prepared to loose. 

     

    Good luck, and have fun..

     

     

     

     

     

     

     

    • Thanks 1
  2. I've used a 2m length of 2" PVC pipe to provide some "surge volume" to supplement/replace a failed pressure tank.  Include a vent and drain, since the air will slowly deplete over a few months as there's no bladder.  I have thought about inflating a bicycle inner tube to overcome this, but the need to drain every few months has never really made it necessary.    

  3. 1 hour ago, redwood1 said:

    Sir the odds of catching covid are almost none and the recovery rate if you do catch it is well over 99% as reported by the mainstream press.....

    Worldometer site shows the following (as of today):

    Globally - 20k/MM Cases (2%), 400/MM fatality (0.04%)

    Worst countries:

    Cases, USA - 100k/MM (10%), 1.7k/MM (0.17%)

    UK - 65k/MM (6.5%),  1.9k/MM (0.19%)

    Fatalities, Hungary - 80k/MM, 2.8k/MM (0.28%) 

     

    Thailand.. 909/MM cases (0.09%), 3/MM fatalities (0.0003%)

     

    I know where I'd rather be..

     

     

    • Like 1
  4. Great that they're offering this to expats, whether it's locally produced Ox/Az, or the Sinovac - whatever is available for normal Thais.  If anyone wants the "preferred" Pfizer or Moderna, then they should have to pay the additional costs, incl. those for the more difficult transportation & storage requirements.

     

    My worry is that eventually we will require mandatory vaxing as a requirement for the annual extension, and that could be an issue for some who have known allergies.

     

    • Like 2
  5. On 2/16/2021 at 10:48 AM, david555 said:

    Please let gold  fall more ...,

    as i would like to buy more ....as i see it as security , not a more gain  as bitcoin people hoping .

     

    Short said i  like to secure the value in paper money  i have ,by using gold .....to anticipate  things to come for paying economic disasters eg."Covid taxation  devaluation"  ....or do you really think world government's go pay that .... NO way !....we go pay that ...if not already 

     

    They can not print Gold nor by keystrokes 

    The trouble with gold is that there are too many "paper" contracts that are not backed by the real thing, or are not convertible into the physical metal.  This makes it all too easy for their price to be manipulated, which also affects the price of physical.  This is great when you want to buy, but not so good when you come to want to sell.  And if the SHTF these paper contract could be worthless... Remember the US$ was originally convertible into gold, but since 1971, no longer.

    The beauty of Bitcoin is that ii's easy to "take delivery" into your own wallet, and this stops the manipulation of the price.  It really is a true market where the "price" is at which both the buyer is happy to buy and the seller is happy to sell...  I'm sure inevitably, paper contracts will be created which will allow the price to be more easily manipulated, but this is still a long way off,... perhaps at 10 to 100 times the current price as it gets adopted more . 

    • Like 1
  6. Gresham's Law applies here... "Good money drives out bad money."

     

    Although I only have less than one bitcoin equivalent in total in a range of "Alts", I will be hodling and using my fiat assets before they are inflated away even more. 

     

    It's a REAL pity we can't hold the 800k THB for the retirement "visa" in Bitcoins.  I initially deposited that in 2011 for my first extension when BTC was c. $0.30, so would have given me c. 80,000 BC.  It would now be "worth" around 80 billion THB.  555 

    • Haha 2
  7. In late 2017 as BTC headed towards its giddy heights it represented less than 60% of the total crypto market valuation.  This share dropped to under 50% at the Dec high, and then down to less than 35% as the "alts" played catchup in the first couple of months of '18.

     

    This time around BTC was over 60% in Nov '20, and has been increasing since then to over 70% now, indicating it is outpacing all the others, at least collectively.

     

    I think this is due to the mainly institutional investors this time around that will be looking for stability, and a store of value as the fiat currencies are printed excessively with QE, so I don't think we'll see a collapse like 2018, at least not until we're over $2-400k.... bwtfdik.

     

    Mike Maloney (a big Gold supporter) published a couple of videos on U-tube asking  Bitcoin: Is it too late? which are well worth watching whether you favour Bitcoin OR gold.  I'm not posting the link as I got banned previously for posting a U-tube link,  so you have to find it yourselves - sorry..!!!. 

    • Thanks 1
  8. 40 million foreign "visitors" last year equates to around 110,000 per day... And this year there's been just 40,000 since July, or what would normally arrive in less than 9 hours....  Nothing to crow about..

     

    I hope they keep the numbers low until the country can adequately protect its residents, and if this means mandatory vaccinations for ALL arrivals then so be it.

     

    Thailand had done extremely well in preventing the spread of Covid, and I just hope they can keep it up in what is hopefully the final stages.  I'm not expecting (or hoping) 2021 to be much busier than this year.

     

     

    • Confused 2
    • Sad 1
  9. So ASQ is costing the tourist 3-4,000 bt per day.  Probably about the same as a short-term tourist would normally be spending, but then of course he would be spreading around a bit more, and helping the wider Thai economy....

     

    But there should be alternatives for those with visa extension who have their own place to self Q... but of course it would need to be properly policed.... and we all know how this could be "avoided"...

    • Like 2
  10. If you don't fancy the idea of a holder that straps onto your boot (tailgate??) cover,  you can also get a rack that fits on the roof.  They're a bit more cumbersome to load and offload, but there's nothing protruding behind.

     

    Not sure if they're available in T/L, but then there are other types that fit onto a rear tow hitch to take the weight, rather than simply hanging off the body. 

    • Like 1
  11. 7 minutes ago, Neeranam said:

    So, I've set the ball lower.

     

    Trying the colour test again. Damn, that food colouring doesn't come off the hands, but at least I smell like a nice cake(vanilla).

     

     

    Try lifting the ballcock to shut off the water when the flush tank is empty....  Use a loop of string tied to a small stick across the tank.

    Does the water coming in stop?  If not the incoming cock valve could be passing (and the tank overflowing).

    If the water definitely stops filling the tank, does the pump continue cycling..?  If so, there's a(nother) leak somewhere else.

    Having set the ball lower, does the level rise as high as it did before - if so the cock-valve is passing/leaking.

     

    You can test how much the leak is by opening any tap slowly, and see how much water comes out between pump cycles..  It's usually only a few cup-fulls, so over a few minutes, you'd hardly notice it.

    Hope this makes sense to you...!

     

    • Thanks 1
×
×
  • Create New...