Popular Post webfact Posted July 12, 2022 Popular Post Share Posted July 12, 2022 By Thai PBS World’s Business Desk Cryptocurrency trading in Thailand has followed global trends and witnessed a steep plunge, as investors sell off financial assets, including equities and bonds. With many countries bogged down by high inflation, forcing an increase in interest rates, fears of a global recession have escalated sell-offs in markets. Cryptocurrency trading was hit the hardest due to generally unfavorable market conditions and its own unique troubles. The unfolding crisis has led to the rapid unraveling of the murky business of the crypto industry, leading to bankruptcies and allegations of fraud. The negative news is not a good sign for investment in Thailand’s market too. Full story: https://www.thaipbsworld.com/thai-crypto-market-feels-the-pains-of-global-meltdown/ -- © Copyright Thai PBS 2022-07-12 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 1 2 Link to comment Share on other sites More sharing options...
Popular Post JoePai Posted July 12, 2022 Popular Post Share Posted July 12, 2022 Fools gold 14 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted July 12, 2022 Popular Post Share Posted July 12, 2022 Not Neeramam , he's bucking the trend and is buying, regards Worgeordie 1 3 Link to comment Share on other sites More sharing options...
RafPinto Posted July 12, 2022 Share Posted July 12, 2022 Oh Bitkub. What are you doing now. Link to comment Share on other sites More sharing options...
Popular Post Sametboy2019 Posted July 12, 2022 Popular Post Share Posted July 12, 2022 The FUD is strong. When others are greedy be fearful. When others are fearful be greedy! 2 1 Link to comment Share on other sites More sharing options...
itsari Posted July 12, 2022 Share Posted July 12, 2022 (edited) Crypto currencies are suffering from fear in the markets . As the US dollar increases from fear the crypto market decreases at a far greater percentage than other major currencies. Buy the US dollar or opt for gold is soon going to be the last resort. Edited July 12, 2022 by itsari 1 Link to comment Share on other sites More sharing options...
Popular Post Caldera Posted July 12, 2022 Popular Post Share Posted July 12, 2022 Who would have thought that the price of BTC falls in Thailand when it falls worldwide. Duh. 2 7 Link to comment Share on other sites More sharing options...
Isaan sailor Posted July 12, 2022 Share Posted July 12, 2022 Don’t know enough about crypto. And neither does Warren Buffet, who prefers stocks and farmland. 2 Link to comment Share on other sites More sharing options...
how241 Posted July 12, 2022 Share Posted July 12, 2022 1 hour ago, Isaan sailor said: And neither does Warren Buffet, who prefers stocks and farmland. Stocks have also been going down. Farmland is not very liquid sometimes. It's all a big casino. Good Luck to us all. 2 Link to comment Share on other sites More sharing options...
Troy Tempest Posted July 12, 2022 Share Posted July 12, 2022 Link to comment Share on other sites More sharing options...
EricTh Posted July 12, 2022 Share Posted July 12, 2022 4 hours ago, itsari said: Crypto currencies are suffering from fear in the markets . As the US dollar increases from fear the crypto market decreases at a far greater percentage than other major currencies. Buy the US dollar or opt for gold is soon going to be the last resort. Is gold going to drop or rise in the future? Link to comment Share on other sites More sharing options...
how241 Posted July 12, 2022 Share Posted July 12, 2022 2 minutes ago, EricTh said: Is gold going to drop or rise in the future? I am guessing that Gold will go down more or trade sideways for awhile. As all markets, Gold is highly manipulated. I read that is cost around $1,000-$1,200 and ounce to get the gold out of the ground. As with all manipulated markets, true cost and fundamentals have little meaning. 1 Link to comment Share on other sites More sharing options...
Walker88 Posted July 12, 2022 Share Posted July 12, 2022 Crypto went up because it went up. When the number got big, it drew in new blood as the fad peaked....and newbies were led to the slaughter. Unlikely they will be back, and it should be noted that the number, e.g., of btc holders, soared in 2021 while the price remained flat. That is called 'distribution'. What makes it even scarier now is that the kind of things that drove btc down---over leverage by the likes of Three Arrow Capital that led to forced liquidation---is the same thing keeping it up now. Some big crypto players are trying to be 'saviors'. And how are they doing it? Borrowing money to buy more and posting their existing coins as collateral---which is exactly what drove Three Arrow to bankruptcy (and the principles have skedaddled.) If the downward trend picks up again, lenders to those who've doubled up will be selling the collateral, creating a potential vicious downward spiral. It also is a black mark---and will be noticed by the amateurs who flooded into the 'sure thing'---that many exchanges have limited or halted withdrawals, or are filing for Chapter 11 bankruptcy protection, which means customer assets will be legally blocked while the bankruptcy is carried out. It could take years for customers to see anything at all. Dead money---and dead money of people who were fans of crypto. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted July 12, 2022 Share Posted July 12, 2022 1 hour ago, how241 said: Stocks have also been going down. Farmland is not very liquid sometimes. It's all a big casino. Good Luck to us all. Agreed. But Buffet reasons that everyone needs to eat. Apparently, Bill Gates feels the same way. They’re both big landowners. So good farmland looks like a pretty decent investment today. Link to comment Share on other sites More sharing options...
itsari Posted July 12, 2022 Share Posted July 12, 2022 1 hour ago, EricTh said: Is gold going to drop or rise in the future? My opinion for what it is worth is that the US dollar will loose it's flavour if the federal reserve quick fixes on inflation do not work . Then gold will become the favoured fear alternative . In other words , gold is looking a reasonable price today. Thank you for your question 1 1 Link to comment Share on other sites More sharing options...
Popular Post Stargeezr Posted July 12, 2022 Popular Post Share Posted July 12, 2022 Gold, or latinum, or other things that actually exist, is better than buying ether or a bottle of air. Bit coin has always been a fake currency to me. If it completely collapses, I will not cry a tear. My gold bar feels real. Just saying. 2 1 Link to comment Share on other sites More sharing options...
rak sa_ngop Posted July 13, 2022 Share Posted July 13, 2022 14 hours ago, how241 said: Stocks have also been going down. Farmland is not very liquid sometimes. It's all a big casino. Good Luck to us all. Whisky is very liquid! 1 Link to comment Share on other sites More sharing options...
OneMoreFarang Posted July 13, 2022 Share Posted July 13, 2022 No problem, just hire a director of vibes and all will be fine. 555 https://www.theguardian.com/technology/2022/jul/08/nft-vibes-managers Link to comment Share on other sites More sharing options...
Dazinoz Posted July 13, 2022 Share Posted July 13, 2022 On 7/12/2022 at 2:28 PM, Caldera said: Who would have thought that the price of BTC falls in Thailand when it falls worldwide. Duh. Talking to a Thai person a couple weeks ago about the price of gold going down. She said because of the war. I said usually the price goes up in uncertain times like that. Then she went onto say that it didn't matter the price of gold in Thailand was safe and had gone up. I argued a little then I had to produce a graph of Thai gold price to convince her that Thai gold did not stand alone in world gold pricing. Once again Thailand is the hub of the world and all is good. I guess it makes them happy. 1 Link to comment Share on other sites More sharing options...
how241 Posted July 14, 2022 Share Posted July 14, 2022 23 hours ago, Dazinoz said: I argued a little then I had to produce a graph of Thai gold price to convince her that Thai gold did not stand alone in world gold pricing. Many Thais don't realize that gold is priced in USD and that exchange rate has a lot to do with the daily gold price movements. Link to comment Share on other sites More sharing options...
Dazinoz Posted July 14, 2022 Share Posted July 14, 2022 2 hours ago, how241 said: Many Thais don't realize that gold is priced in USD and that exchange rate has a lot to do with the daily gold price movements. I explained that all that to her......not really accept. She couldn't afford to buy 25 satang gold so didn't really matter. Link to comment Share on other sites More sharing options...
Longreach Posted July 16, 2022 Share Posted July 16, 2022 waiting for close below 17764. then sell. Link to comment Share on other sites More sharing options...
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