Unbank Yourself.

[soi3eddie]

Wow! This opportunity sounds "too good to be true" ???? . What could possibly go wrong if I invest all my life savings, children's inheritance and the shirt off my back? ...and, no it's not a Beer Chang vest 555.

 

[GrandPapillon]

17 minutes ago, fdsa said:

 

thanks for your research, it shows that USDC could be trusted a little bit, and it confirms that USDT (Tether) is a scam as only 3% of their printed "stablecoins" is covered by the real US dollars and 97% are some "commercial papers" and loans for which "Hoegner declined to share the names of counterparties". Highly likely that the quality of these papers is similar to their subsidiary company in Panama called "Crypto Capital Corp."

 

 

hence the counter-parity risk I was referring before in this thread ????

[GrandPapillon]

13 minutes ago, josthomz said:

 

Then what's the difference between the "Bitcoin scam" and the places you work for. You all "Lie, Cheat, Steal" ????

not really, we put customers first, yeah I know, unbelievable ????

[fdsa]

lold looking at these transactions:

 

 

just a normal day at Huobi or whoever owns that "HUSD" "stablecoin".

 

[Poet]

This entire thread confirms what I said early on:
 

21 hours ago, Poet said:

There is no point discussing crypto on this forum.

I understand the impulse to share your enthusiasm when you discover something good but you should avoid becoming entangled with people who argue in bad faith. The same handful of guys have been derailing crypto threads with the same ridiculous arguments since way back when Bitcoin was just a few dollars.

Your time is valuable. You should not waste it on people from whom you can learn nothing.

Do not make the mistake of thinking that you are arguing with your peers. Most of these guys have never had any money, or investments, or their own business, or any real understanding of what is happening in the global economy. They simply have a lot of time on their hands and have chosen to waste it here, repeating things they have heard other members say. When you take the bait and try to explain why they are mistaken, you are the one making a mistake. They do not care that what they say is not true, these are pensioners trying to start an argument so that they can feel alive again for a few minutes.

Back during the short Covid crash of March '19, when the value of Bitcoin fell from 9k to 5k, they were celebrating and claiming this, at last, was proof that crypto was a scam. I simply explained why I thought it was actually a great time to get in. A year later, it was up 12x and I got a lot of messages from members who actually took that advice and dramatically changed their circumstances. I always tell them to hang in there because these few covid years are a unique time in economic history, we have not even started to experience the impact of printing trillions upon trillions of excess dollars.

The cynics do not care about such wasted opportunities because they never had any money to invest in the first place. As the pound lost its value in recent years, their state pensions hardly cover their basic needs in Thailand. Some are not even in Thailand, they are gracing us with their unique financial insights from their squalid council flats in Birmingham. That is why they spend so much time here on this forum, because it is free and, thanks to anonymity, they can temporarily escape the misery of their real lives and pretend that their borrowed opinions matter. If you met these guys in a bar you would barely notice the, you certainly would not waste time talking to them.

Use this forum to find Thailand-specific information, including stuff such as visas, Thai banks accounts etc. Don't come here for general investment advice, political discussion, technology tips, or even Thailand news (because, for example, they cannot allow discussion of today's huge news). Some members here really know their stuff about which restaurants are good in various cities, some can provide invaluable advice on how to get a swimming pool installed, but they are entirely the wrong demographic for crypto. You should understand, they are personally offended by the idea that people like us have made more money in the first half of this year than they have made in a lifetime. I actually sympathize with that, it would make me bitter too.

For crypto, find communities who are actually into it and from whom you might be able to learn. For what it is worth, I think the various schemes that pay you interest, such as the one you mentioned, are a bad idea. I could be wrong, I often am, but in the economy's current slow-motion car crash, it makes more sense to keep your investments liquid and think about the coins that will rocket if, as seems increasingly likely, there is a change in the political climate around crypto.

Personally, although most of my portfolio is still Bitcoin and Ether, I recently diversified into the "privacy coins" Monero and Pirate Chain. I still think that, over the next three months, Ether will pass 10k and Bitcoin will pass 100k, but, in the longer term, the really crazy growth will be in those privacy coins .

My bet is that a certain portion of the trillion currently held in Bitcoin and the half trillion currently held in Ether will flood into the privacy coins because, as the US and Chinese governments become more intrusive, owners will want the level of secrecy and fungibility that they originally presumed Bitcoin and Ether could provide.

I believe that, over the next few years (i.e. during this presidential term), the price of Monero and Pirate Chain will surpass Bitcoin. The current market cap of Monero is only 7.2 billion and Pirate Chain is a tiny 1.45 billion, so, any significant inflow will explode their prices. People often say that they hope to get into "the next Bitcoin" early. Well, I believe the privacy coins are exactly that, and I have millions riding on that belief.

 

Edited May 14, 2021 by Poet

[fdsa]

2 hours ago, Poet said:

but they are entirely the wrong demographic for crypto

 

2 hours ago, Poet said:

For crypto, find communities who are actually into it and from whom you might be able to learn.

 

yea, it's better to watch youtubers promoting their cráp or to register on some crypto-related forum filled with indian and russian bots promoting their scam coins and get lured into buying their cráp, instead of getting a honest advice from people that are not interested in getting your money into their pocket.

 

however you're correct in one thing - this forum also has people like @GrandPapillon who doesn't understand a thing in crypto and mostly writes BS about it

[covidiot]

2 hours ago, Poet said:

Well, I believe the privacy coins are exactly that, and I have millions riding on that belief.

Millions? Really? You're worth that much?

So you're putting all your eggs in one basket? 

And you still make time for poetry?

 

[Neeranam]

5 minutes ago, covidiot said:

Millions? Really? You're worth that much?

So you're putting all your eggs in one basket? 

And you still make time for poetry?

 

Early investors in crypto indeed have millions. I think this is why many who missed the boat, and subsequent train and plane are so anti it. 

[GrandPapillon]

20 minutes ago, fdsa said:

however you're correct in one thing - this forum also has people like @GrandPapillon who doesn't understand a thing in crypto and mostly writes BS about it

I think you have proved in all those crypto threads how little you knew about finance and how money circulate in the world, and yet you want us to believe that you can grow money on CPUs ????

 

If you want to believe in fairy tales, it's fine, but don't try to tell us you know more on something you clearly have no control over

 

and is obsessively costly in environmental terms

[fdsa]

what I've learned about finance and money circulation so far:

- the world's financial system is a hoax

- the money is just digits

- the "right" guys are allowed to draw these digits in the way they like, without any control or restrictions

- yes, you could grow money on CPUs (that's what I'm doing) and it does less environmental impact than your ceiling lamp

[covidiot]

32 minutes ago, Neeranam said:

Early investors in crypto indeed have millions. I think this is why many who missed the boat, and subsequent train and plane are so anti it. 

Yes, I missed the boat.

And now I'm bitter.

And I will need to resign to drowning my sorrows in girlie bars. 

You have me all figured out.

 

[Neeranam]

9 minutes ago, covidiot said:

Yes, I missed the boat.

And now I'm bitter.

And I will need to resign to drowning my sorrows in girlie bars. 

You have me all figured out.

 

You don't need to. Try going to the temple for 10 days and learning to meditate. 

[Liverpool Lou]

On 5/12/2021 at 5:50 PM, Neeranam said:

On 5/12/2021 at 5:48 PM, Don Chance said:

I thought the whole point of crypt was to unbank yourself? The whole was that you have a your own wallet and nobody can touch it and requires no middle man to sell or buy. Why trust some web site with no insurance?

They have insurance. 

10. Risk Disclosure

These Terms and the holding of Digital Asset relationship does not create a fiduciary relationship between us and you; your Celsius Wallet is not a checking or savings account, and it is not covered by insurance against losses. 

[Neeranam]

the CEO of Celcius is feared by banks

 

 

https://www.forbes.com/sites/alejandrocremades/2019/03/12/this-entrepreneur-has-achieved-3-billion-in-exits-and-is-possibly-one-of-the-most-feared-by-banks/?sh=1cdb62d8595b&fbclid=IwAR15zY1jSMrYkKiPPskHj1j8h3E39ZScEIeVWst51m78E4fK2q4TC18vaZ4

[Liverpool Lou]

17 hours ago, Neeranam said:

This thread is about getting 12% on your 'cash'(stablecoins). There is very little risk in doing so. 

Up to 12%!   That is very different from 12%.

Edited May 14, 2021 by Liverpool Lou

[GrandPapillon]

39 minutes ago, fdsa said:

what I've learned about finance and money circulation so far:

- the world's financial system is a hoax

- the money is just digits

- the "right" guys are allowed to draw these digits in the way they like, without any control or restrictions

- yes, you could grow money on CPUs (that's what I'm doing) and it does less environmental impact than your ceiling lamp

right, exactly what I thought, you are also into conspiracies ????

 

I bet you believe we never went to the moon ????

[GrandPapillon]

3 minutes ago, Neeranam said:

the CEO of Celcius is feared by banks

 

 

https://www.forbes.com/sites/alejandrocremades/2019/03/12/this-entrepreneur-has-achieved-3-billion-in-exits-and-is-possibly-one-of-the-most-feared-by-banks/?sh=1cdb62d8595b&fbclid=IwAR15zY1jSMrYkKiPPskHj1j8h3E39ZScEIeVWst51m78E4fK2q4TC18vaZ4

 

I think they are afraid of the scam he is promoting ????

 

btw, this is Forbes independent writers blogs, probably sponsored content by the subject LOL ????

Edited May 14, 2021 by GrandPapillon

[Liverpool Lou]

17 hours ago, Neeranam said:

, I'm trying to help others get 12% on their hard earned cash(in stable coins)  by allowing Celcius to lend it for you. 

But Celcius do not state that investors will get 12% so neither should you!

Edited May 14, 2021 by Liverpool Lou

[Liverpool Lou]

16 hours ago, Neeranam said:

16 hours ago, BenDeCosta said:

 

You're promoting investment in cryptocurrencies, without mentioning the risks.

 

I grew up a long time ago.

I am not, read my first post. I am asking a question about the Celcius site.

No, you are not asking about Celcius, you're asking why anyone should have a bank account!...

 

[Liverpool Lou]

16 hours ago, Neeranam said:

17 hours ago, BenDeCosta said:

 

You're promoting investment in cryptocurrencies, without mentioning the risks.

 

I grew up a long time ago.

I am not, read my first post. I am asking a question about the Celcius site.

No, you were not asking about Celcius, you're asking why anyone should have a bank account!...

 

"Why use a bank of you can get 10%+ interest per year on things like this? 

https://celsius.network/"

 

Edited May 14, 2021 by Liverpool Lou

[Liverpool Lou]

16 hours ago, josthomz said:

Trust me,

Yeah, right.

[Liverpool Lou]

Excuse me, I'm going for an unbank, back later.

[fdsa]

46 minutes ago, GrandPapillon said:

right, exactly what I thought, you are also into conspiracies ????

a "conspiracy" is something without evidence and facts. So no — I'm not into conspiracies, I'm rather into stuff that has a clear evidence.

[GrandPapillon]

47 minutes ago, fdsa said:

a "conspiracy" is something without evidence and facts. So no — I'm not into conspiracies, I'm rather into stuff that has a clear evidence.

right, and yet you believe we can grow money continuously on CPUs? ????

 

you didn't answer: did we or didn't we go to the moon? ????

[Neeranam]

1 hour ago, Liverpool Lou said:

No, you are not asking about Celcius, you're asking why anyone should have a bank account!...

 

Congratulations, after seeing only 3 of your posts, you've made my ignore list. This is a record. 

[Liverpool Lou]

2 minutes ago, Neeranam said:

1 hour ago, Liverpool Lou said:

No, you are not asking about Celcius, you're asking why anyone should have a bank account!...

 

Congratulations, after seeing only 3 of your posts, you've made my ignore list.

Good grief...does that have any significance at all to anyone but you?   Should I plead to be re-instated?   

 

Sulking doesn't make your investment get any nearer to 12%, you know.

[Andy from Kent]

4 hours ago, Neeranam said:

You don't need to. Try going to the temple for 10 days and learning to meditate. 

 

 

Spoken like a truly pious devotee.     ????

[covidiot]

who is satoshi nakamoto?

[Captain Monday]

[fdsa]

7 hours ago, GrandPapillon said:

right, and yet you believe we can grow money continuously on CPUs? ????

not only believe — I see how it happens, and if I can see something then, most likely, it exists and is real.

 

7 hours ago, GrandPapillon said:

you didn't answer: did we or didn't we go to the moon? ????

It's outside of the scope of this topic and I don't want to get banned because of your provocations again.