Bye Bye WISE, WESTERN UNION, VISA, etc

[itsari]

20 minutes ago, Kwasaki said:

You make no sense to me at all I pay no bank charges at all other than credit card ones which I choose to do out of convieniance.

 

My UK savings interest cover that small cost, also interest on my Thai bank savings. 

 

Do you wear a hoody and a idiot cap. ????

My Norwegian bank charges no fees also . But the exchange rate is not competitive and that is where the bank makes  creative  charges .

[GrandPapillon]

1 hour ago, Neeranam said:

I hear Celcius are giving similar cards soon. Will be great way to spend the 8.88% interest I get on my USDC. I guess some here are happier with their 1% from the brick n mortar banks  

 

https://celsius.network/

jesus, it is true, a sucker is born every minute ????

 

Bernard Madoff would be proud ????

 

[TimBKK]

1 hour ago, Neeranam said:

I hear Celcius are giving similar cards soon. Will be great way to spend the 8.88% interest I get on my USDC. I guess some here are happier with their 1% from the brick n mortar banks  

 

https://celsius.network/

I split my USDC between Celsius and BlockFi - very happy with both.

[KannikaP]

2 minutes ago, Neeranam said:

BTC is 300% up for the year. It is a good buy right now at $44k, it will $80k in 4 weeks. 

Will you please send me say $100,000 to buy BTC and I shall send you the profit in 4 weeks. Thanks.

[GrandPapillon]

1 hour ago, Neeranam said:

I really don't understand how so many here can support these bankers, after all that has happened recently.

there is not much you really understand, hence why you support blindly all those crypto scams ????

[BritManToo]

2 hours ago, Neeranam said:

I highly suggest you leave your prejudices behind when looking at this CEO. Just because he says 'yo' and wears a hoodie doesn't mean that this is huge new in the world of remittance. 

Going to banks to send money internationally, taking days and costing a fortune are over. 

If I transfer my pension (1,000 pounds) from Natwest UK using WISE before 9am, it's usually in my BKB account by 2pm (45,500bht last month).

If there was an advantage using another system, I'd probably try it ........ but there isn't at the moment.

[Neeranam]

12 minutes ago, In Full Agreement said:

 

 

If you got in 6 months ago that was  around the time BTC reached its zenith.    That leaves you a long way to crash to the bottom.

 

 

 

 

Many FOMO in, expecting huge profits in months, this is not investing but gambling. 

 

[Neeranam]

1 minute ago, BritManToo said:

If I transfer my pension (1,000 pounds) from Natwest UK using WISE before 9am, it's usually in my BKB account by 2pm (45,500bht last month).

If there was an advantage using another system, I'd probably try it ........ but there isn't at the moment.

What is the charge?

[JackGats]

To be fair, SWIFT transfers to countries like Thailand (not to eg Uganda etc.) are not overly expensive provided you send substantial sums each time. For me one of the perks of living in Thailand. No use having money if you can't get at it wherever you live.

[GrandPapillon]

51 minutes ago, Pravda said:

 

Actually it's not. Not at all. Different exchanges, different prices. Every 16 year old would know this.

 

amen to that, somehow missed by our crypto boys ????

 

btw, China just banned all cryptos, let's hope Europe follows and then the US

 

crypto scams == GAME OVER!!

[Neeranam]

Just now, KannikaP said:

And tomorrows Euromillions numbers please!   555

This is based on Technical Analysis. BTC will be at an all time high in 3 weeks. 

[Neeranam]

1 minute ago, JackGats said:

To be fair, SWIFT transfers to countries like Thailand (not to eg Uganda etc.) are not overly expensive provided you send substantial sums each time. For me one of the perks of living in Thailand. No use having money if you can't get at it wherever you live.

problem is, you'd be faster jumping on a plane and taking a suitcase of cash.

[GrandPapillon]

2 minutes ago, Neeranam said:

What is the charge?

about 6 GBP, still cheaper than putting money in highly fluctuating cryptos ????

[JackGats]

Just now, Neeranam said:

problem is, you'd be faster jumping on a plane and taking a suitcase of cash.

Dunno, between 3 and 5 days from a German bank.

[BritManToo]

1 minute ago, Neeranam said:

What is the charge?

The charge was 4 pounds, I transfer 1,000 pounds, they deposit 45,500bht ( = XE rate - 4 pounds).

[Neeranam]

1 minute ago, JackGats said:

Dunno, between 3 and 5 days from a German bank.

I believe it is about 10 hours flight.

[KannikaP]

2 minutes ago, GrandPapillon said:

about 6 GBP, still cheaper than putting money in highly fluctuating cryptos ????

You're talking about two completely different things here. Investing in BTC in order to make a profit, and sending GBP to Thailand. 

[itsari]

4 minutes ago, Neeranam said:

problem is, you'd be faster jumping on a plane and taking a suitcase of cash.

Often an illegal practice leading to a loss 

[Swiss1960]

On 9/27/2021 at 12:43 PM, sucit said:

I love reading these replies. You have people saying, without knowing it of course, the following…

 

”I want my dealings with money to come from the bankers, because they were suits when they go on tv, not hoodies”.

 

“I like banking and transfers that charge me fees”.

 

You know, every time you swipe your credit card or buy something on Amazon, the retailer gets charged a fee. Guess who pays for that fee! It’s just a cost the retailer has to deal with. You pay it; you pay the damn merchant credit card fees.

 

And here you have a system where the payments will be free of charge over a public network, and people are complaining. Haha. Not to mention their everlasting trust in the suit wearingIm bankers of the world lol. 
 

It is just too much entertainment for one to get. Don’t give me the satisfaction, it’s just too good I don’t deserve this much pleasure. 

Cryptocurrencies - Bitcoin just one of many - are as the name says nothing but currencies, besides currencies like USD, THB, Gold, Silver, Oil or even Art. All currencies have exchange rates between each others. Personally, I rather have "reliable" exchange rates for my money in the range of 0.x% than in the x0% like the cryptocurrencies do today.

 

I also rather have a legal framework protecting my payments worldwide and knowing my partners like banks than some nerds who create new cryptocurrencies, blow them up, disappear next day with your money and leave people broke. See the story of Envion, a new cryptocurrency made in Switzerland, left approx. 30K people behind with 100 MILLION CHF lost.

 

Yes, I know every single fee paid in the payment card world, I worked in that are for almost 20 years. These fees help enable sales worldwide and are used to enhance and strengthen the security and reliability of the system - and of course also to make money.

 

Do you think that cryptocurrencies are "free"? Think twice... look at this report about the Bitcoin Energy Consumption. WE ALL pay those "fees" for the energy used by these currencies.

 

NOW REMEMBER: This is the CURRENT consumption, when Cryptocurrencies ONLY cover a very small amount of the worldwide currency needs and transactions. The more Cryptocurrencies are produced / needed, the higher the energy consumption, the higher the energy prices will be for each of us, and the more the climate will be challenged by these rising energy needs. Already today, each bitcoin transaction you do, could power an average U.S. household for more than 60 days! Welcome to even more global warming. 

 

You like to call people out, but all YOU do is show how ignorant you are about the overall picture. You think that you have the monopoly of truth, just because in your little world of 1-2 bitcoins it seems to work for you right now... I've been dealing with cryptocurrencies for years, and unlike you, I know what I'm talking about.

[GrandPapillon]

21 minutes ago, BritManToo said:

If there was an advantage using another system, I'd probably try it ........ but there isn't at the moment.

and that's basically the issue with cryptos, they don't solve a real problem that most people have

 

crypto fans complain about bank fees, like it was the holly grail,

 

banks are a convenience that cryptos can't replace, no matter the fees

 

the only problem crypto solve is for criminals to move money around, and for amateurs to make a killing in trades ????

Edited September 27, 2021 by GrandPapillon

[GrandPapillon]

5 minutes ago, KannikaP said:

You're talking about two completely different things here. Investing in BTC in order to make a profit, and sending GBP to Thailand. 

you forgot the part you need to buy the crypto in GBP, and then sell it in THB, with all the non-sense of going through crypto exchanges and the "off-line" wallets to secure your holdings

[Lemsta69]

38 minutes ago, KannikaP said:

Having only been a BTC investor for six months, there weren't any last week.

short-term profits are for traders. if you're not a trader then just hodl and ride out the short term price dumps. BTC will hit new ATHs in the next few months and $100k by the end of the year or early 2022.

Edited September 27, 2021 by Lemsta69
typo

[GrandPapillon]

11 minutes ago, Neeranam said:

This is based on Technical Analysis. BTC will be at an all time high in 3 weeks. 

most TA algo suffers from random walk bias ????

[Neeranam]

This is more than tipping over Twitter. 

 

 

[Kwasaki]

14 minutes ago, itsari said:

My Norwegian bank charges no fees also . But the exchange rate is not competitive and that is where the bank makes  creative  charges .

Fair call but that is why I use 'Wise' if I  want money over from UK. 

 

As said my pension is paid direct to my Thai Bank and the exchange rate DWP (IPC) UK get is much the same as 'Wise'. 

Frankly being retired I couldn't give a flying flig about money anymore. ????

[GrandPapillon]

crypto fans are in force today, on a pump and dump sprint? ????

[Neeranam]

1 hour ago, fangless said:

Try doing it to China which has just placed a total ban on all Cryptocurrency transactions!!

China also banned other technologies, including Facebook, Twitter, Google, etc so as they can copy them and invent their own. They banned crypto so they can develop the Digital Yuan which enables them to monitor their citizens. 

Of course, all these technological companies were a great investment at the time, as BTC and crypto is now; it is early day in this new asset class. 

[GrandPapillon]

Just now, Neeranam said:

China also banned other technologies, including Facebook, Twitter, Google, etc so as they can copy them and invent their own. They banned crypto so they can develop the Digital Yuan which enables them to monitor their citizens. 

Of course, all these technological companies were a great investment at the time, as BTC and crypto is now; it is early day in this new asset class. 

cryptos can be monitored? wait, I though they were untraceable? ????

[Neeranam]

12 minutes ago, Kwasaki said:

Fair call but that is why I use 'Wise' if I  want money over from UK. 

 

As said my pension is paid direct to my Thai Bank and the exchange rate DWP (IPC) UK get is much the same as 'Wise'. 

Frankly being retired I couldn't give a flying flig about money anymore. ????

I'm not surprised to hear you are a pensioner. 

 

 However, even my old mother and my mother in law are buying crypto.

[billd766]

2 hours ago, Neeranam said:

I highly recommend crypto.com debit cards. I get 4% back in crypto for every transaction, and also get free 1st class airport lounges, free Netflix/Spotify and some other things. Yesterday, I paid all 4 of my family's phone bills with this card and my daughter's apartment. Also a great way to ramp off the crypto profits. 

 

 

 

I do all my banking online for paying bills and oddly enough it is free. I use Wise to transfer funds from the UK to Thailand, because I get a far better forex rate and Wise transfer fees are low,

I can do all this on my computer in the comfort of my home.

 

I don't suppose that crypto is much use in the majority of places in Thailand, which is where the majority of people live.