BillStrangeOgre

Thanks for that. On the one year extension and with the re-entry permit in hand before I leave, how long can I stay out of Thailand before the extension is voided or is valid if I stay out until the extension is finished...just want to get some sort of timeline. Thanks again

Okay, didn't see this before posting above. Cheers

Thanks for all the replies everyone. I already have a Thai bank account. One area of concern is the requirement to have the 800,000thb in my account for a full 3 months prior to the extension being granted. How does that work if I can only stay 3 months when I enter? Another quick question...Once I have the 'retirement' visa, if I leave Thailand how long can I stay out before the thing is no longer valid? Thanks for taking the time to answer these questions which I'm sure have been asked a million times before. Bill

Hi, I'm a 67 year old Brit who's thinking of applying for an extension based on retirement. Firstly, I'm here on a 30 day permission to stay. I will extend for another 30 days in a few weeks then leave for Seoul, S.Korea for month in April. Is it best for me to return to Thailand on a visa (tourist?) and then begin the 'retirement' process? Is there somewhere I can get comprehensive information of what I have to do (paperwork, requirements etc) to become retired here in Thailand? Thanks Bill

If I'm taxed in Thailand on those profits does anyone know the rate? Thanks

If he was proving residency in the UK through his relative's address wouldn't he then be liable to UK tax on his profits?

I'm thinking of opening a sterling bank account with a local bank here in Thailand. I will be on a 'retirement' visa. I would use the account to deposit funds made on profits from investments outside Thailand. Can anyone give me any idea what my tax liability/rate in Thailand be? Thanks Bill

I've been using Halifax Clarity card for years and was always impressed with the no charges for foreign ATM withdrawals. Although I don't make ATM withdrawals in Thailand as no way around the local charges. The exchange rate was always good, even beats EX.com spot rate so shocked to hear this. I tend use my Monzo card to make payments when outside the UK and I'll use the Clarity card online. I use Wise to transfer funds between my UK account and my Thai bank account but I recently heard that Wise has been blocked for making card payments in Thailand but can't personally confirm this

The larger a market becomes (capitalisation) the more money it takes to move it one way or the other (volatility) And yes, as more money flows in that means increased demand and prices go up. But a percentage of that inflow will remain in the market. Not everyone sells when prices go down. Over time the market gets larger and therefore it takes ever larger volumes of selling or buying to move the market. Less volatility.

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.

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

...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

...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

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

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?

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.

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

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

More great advice, thanks a lot Bill

Thanks for the info Bill

Thanks, do you know if I would need a visa or a work permit etc to open an account in Singapore? Cheers

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

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.

Many thanks for all the replies! Bill

I know the spot well! Thanks a lot