BillStrangeOgre
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Posts posted by BillStrangeOgre
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3 hours ago, TigerandDog said:
not a mistake. I set a target price to sell at and stuck with it. I learnt with one of my other coins that when you set a target don't deviate. That coin had tripled in price to what I paid and I got greedy and decided not to sell. The next week the value dropped to zero. Wasn't going to deviate from the planned course of action again.
I understand and it's usual to set realistic targets but I don't think $60-64,000 is a realistic target for BTC in this cycle.
BTC usually hits it's highs 12-18 months after the halving and even if you believe in diminishing returns it's due to go a lot higher.
If I was worried i would take out my original investment now and just leave in the profit and start to DCA out later.
Best of luck
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11 minutes ago, lkn said:
More money = more people interested in buying?
That means increased demand, but supply cannot be increased to follow demand.
Economics 101 says that when demand is larger than supply the price will go up.
So how do you conclude that more money going into bitcoin will lead to a less volatile price?
Also, the way you say “more money comes into BTC” makes me wonder if you have tought through how bitcoin sales actually work: If I buy a coin for $65k then I will pay someone else for this coin, this someone may take the $65k and spend it on a new car or similar, so the money is no longer there. There is not a big pool of money that can be used, when people wants to cash out of bitcoin. If you want to cash out, a requirement is that someone else is willing to buy your coin from you, there is no market maker that will step in or some pool of cash you can take from, and leave your bitcoin somewhere else. And this is why the price is so volatile, it’s like baseball trading cards.
...just as stock market have got larger so it takes ever more money to move the market substantially (volatility)
FTSE, Dow Jones, Nikkei etc rarely move by large amounts in a short period of time as BTC does. BTC volatility will decrease as the market capitalisation increases
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On 2/29/2024 at 9:35 PM, NickyLouie said:
The Blackrock etc ETF's set the foundation for BTC legitimacy, it's still in its infancy but sky's the limit at this point.
...and all that institutional money that will flow in (we're seeing it now with the launch of the ETFs) will stabilise the price over the long term.
As more money comes into BTC the price will be less volatile and so more attractive as a store of value
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9 minutes ago, BenStark said:
That piece of paper was backed by an asset called gold
9 minutes ago, BenStark said:That piece of paper was backed by an asset called gold
That's what they told us and they even wrote on each bit of paper that the government guarantees the debt! 😉
Still a huge leap of faith for the populace to accept it over hard assets, yet it did catch on.
I have no worry that a crypto currency wether it's Bitcoin or not could be accepted and one day will be
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On 2/29/2024 at 6:28 PM, lkn said:
A currency (like USD, EUR, etc.) is a medium of exchange, not an investment vehicle to “gain wealth”.
As for scarcity and traditional assets, lots of assets have scarcity, prime real estate would be a good example. Also, traditional assets generally have intrinsic value, e.g. if I own all the copper in the world, I could set my own price, because people need copper for certain things (although set it too high, and people will find substitute materials), but if I own all the bitcoins in the world, who would actually have a need for them?
What we “no coiners” fail to understand is how this is not just a giant zero-sum game. A rather succesful one, I must admit, but still just a zero-sum game with nothing of value having been produced.
True but how did it work when the first government convinced us to accept a piece of paper in exchange for a real world asset?
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On 7/30/2022 at 8:07 PM, Farang123 said:
Good time to buy or will it become worthless in the not too distant future?
It's been written off so many times in the past.
Major banking/investment institutions are now becoming involved through ETFs etc which will also draw in retail investors.
Those institutions have trillions under management and if just 1% of those funds are put into BTC then the price will be going much higher.
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On 2/29/2024 at 11:28 AM, FritsSikkink said:
Pure speculation, another balloon filled with air.
On 2/29/2024 at 4:10 PM, TigerandDog said:well this idiot just sold his BTC and made US $25k profit.
No one ever made a profit until they sold of course but if you've just sold ALL your BTC, that's going to look like a mistake I think
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On 2/29/2024 at 10:29 AM, flyingtlger said:
Way too late to get into the game.....
On 2/29/2024 at 10:29 AM, flyingtlger said:Way too late to get into the game.....
At the moment yes, wait for a pull back. The higher the price goes without a correction the bigger it will be when it comes.
Still early in this bull market I think. I'll start DCA out of BTC at $120k
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11 minutes ago, Paul9989 said:
When I opened mine in Singapore it was quite a long time ago. At the time they would open savings accounts and fixed deposit accounts for non-residents without work permit or anything. But you had to fly over there to do it at the UOB head office branch and they had a sizable minimum starting balance requirement. Best to check with them directly about their requirements at present.
Lloyds in the IOM is another good option for offshore banking. No minimum balance I believe. But the paperwork requirements when opening an account with them from overseas can be a hassle. Again, best to check with them directly to confirm about current requirements because, otherwise, what I (or anyone else) tells you could prove to be only anecdotal.
More great advice, thanks a lot
Bill
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5 minutes ago, nglodnig said:
I had a work permit there (which I think I had to show because you get an ID card which they wanted to see) - but that was just for basic banking account.
If you have a large amount of dosh to deposit most banks will waive the rules and most UK banks will open an off-shore account for you.
But if you deposit a couple of grand on a tourist visa in Singapore I would imagine you would have a problem - maybe, try it.
Thanks for the info
Bill
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5 minutes ago, Paul9989 said:
Go for UOB, either in Thailand or Singapore.
Thanks, do you know if I would need a visa or a work permit etc to open an account in Singapore?
Cheers
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Hi, I'm a Brit looking to open a Stirling bank account. I have a Bangkok bank account here in Bangkok but opening a Stirling account with them is still not easy and banking in Thailand is not cheap. Does anyone know of a better option somewhere else in S.E.Asia?
Thanks
Bill
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On 12/16/2023 at 3:14 AM, Deserted said:
Could you tell us which pub this is and on what night is quiz night please.
This is The Royal Oak, Sukhumvit soi 33/1. Every Wednesday evening at 8pm. Not sure if there's a quiz next week due to Xmas. Will definitely re start again in January.
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Many thanks for all the replies!
Bill
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9 minutes ago, blackcab said:
There is often a shoe repair man who sits in a doorway very near to where Sukhumvit 11 joins Sukhumvit Road. You will find the exact spot by clicking this google map link:
https://maps.app.goo.gl/jDDrFmqATsVFKtxf9
No idea if he is any good though, although he has been there a long time.
I know the spot well! Thanks a lot
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17 minutes ago, mokwit said:
try An An Suk Soi 1
...okay thanks but what's an an?
Cheers
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Hi I'm looking for a leather shoe repairer in central Bangkok. Preferably around Silom or lower Sukhumvit. It's not a big job so someone cheap in a market or on the street would do
Thanks in advance
Bill
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18 hours ago, sometimewoodworker said:
@BillStrangeOgre Wrong, there is no subscription required. Did you actually read it?
You can use a subscription or not, I've been doing for over 15 years and while the application has changed the function hasn't.
There are better programs to use but it requires moth escape ;)
Okay, my bad. First, I had contacted Apple and they told me I need to subscribe to get this option.
Thanks, all my music is now synced
Cheers
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4 hours ago, sometimewoodworker said:
Yes
DAGS it “apple transfer music from mac to iphone”
https://support.apple.com/en-gb/guide/mac-help/mchlbf6a1fab/mac
Thanks but I know this. To use this function I need to subscribe to Apple Music. I'm looking for a free option to transfer music from my Mac to my phone. Or get free downloads from somewhere to my phone
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Hi, I have a MacBook Air M2 and an iPhone 12 Pro. I have a lot of music on my Mac and used to have it on my iPhone before Apple started to demand a subscription to keep it synced.
Anyway, I can get music to my iPhone free as I used to??
Cheers
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10 minutes ago, richard_smith237 said:
With the 'small kiosks' what are you a bit wary off ?... Data security or quality of work ?
I'm about to get a screen replacement on on MacBook Air (it broke last year).
I'm also about to get a keyboard replacement on a MacBook Air (keys worn down).
I will get this work carried out at https://www.unlimitmac.com/
I had a repair carried out on a screen about 10 years ago and they did a solid job so I'm happy to use them again.
…worried about all the above and maybe swapping out parts?
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Hi, I’ve got a MacBook Air M2 with water damage.
I took it into the iCentre (authorised repair agent) in Central Rama 9 and they quoted me almost 30% more than replacement cost!
Obviously now looking for a second opinion from a reputable service company.
Can anyone recommend somewhere?
I’m a bit wary of the small kiosks in MBK and Fortune Town. Should I be?
Thanks for any help
Bill
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- Popular Post
…so to update, I will give my experience.
I received my visa from the Thai embassy in Phnom Penh on Thursday
I travelled Siem Reap to Bangkok today by bus, via Poipet border crossing.
I was stopped by Thai immigration and asked to provide proof on onward ticket. I supplied a bus ticket out of Thailand back to Cambodia.
I also had to provide a hotel booking.There were a couple of questions, where are you going in Thailand? And where will you be going after Thailand? I told them Chiang Mai, Phuket etc. Then told them I would be returning to Siem Reap (as per bus ticket out) Then travelling in S.E.Asia
I was then stamped in for 60 days
Proof of onward bus ticket is acceptable
Bill
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1 hour ago, Highlandman said:
That's the only one which cross border buses use.
That’s right.
I don’t think busses cross the Ban Hat Lek border anymore. Sihanoukville to Trat routeThe embassy last week told me I can submit proof of bus tickets into and out of Thailand to obtain a visa
last time I crossed that border back in March, I had no visa and was asked why I didn’t get one. A close call but they still let me in. This time I’ll have a visa
i know there are no guarantees and a lot depends on immigration at the border on the day…still, if I get my visa on Thursday I’m reasonably confident I’ll be allowed to enter
thanks for all the feedback, I appreciate it
i’ll report back how I get on
Cheers
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What's the deal with bitcoin now?
in Cryptocurrency News
Posted
I think you'll find the share price is not set on the underlying performance of the company but sentiment. More investors buy than sell the price goes up and vice versa. That's how the market works
Remember the dot com bubble! New internet start ups with absolutely no cash flow attained million dollar valuations. Their share prices weren't based on the underlying performance of the companies...there was no underlying performance!
What drove the price was sentiment. Simply more investors believing the price would go higher.
So yes you can compare crypto to shares in as much as both markets work the same way, supply and demand.