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About allanos

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    Senior Member
  • Birthday January 14

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    Johannesburg, South Africa

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  1. The best intangible thing I ever bought is probably my one-way ticket out of the United Kingdom over 50 years ago. I don't harbour any thoughts about things I wish I had bought. Possibly there are many, but they must be hidden so far away in the recesses of my mind that I don't recall them.
  2. Corruption, or the degree of it, seems to be largely in the eye of the beholder. It seems clear that many of the proudly long-term (Western) expats, certainly those who have commented on this forum, are not really immersed in Thai culture, or way of life, and are leading insular existences in the country. Meantime, they are trying, unsuccessfully it would seem, to keep a foot in both camps. With apologies to Rudyard Kipling for butchering his words, "east is east, and west is west, and never the twain shall meet . . .
  3. Your income doesn't have to feature. You would put up your bitcoin and agree an LTV (loan to value) with the provider of the funds. Your BTC is held as collateral. Out of the released funds, you can service the debt monthly over, say, 12-24 months. Take a look online and you will see what is available. There are a number of providers.
  4. Would it not help your thinking if your first familiarised yourself with Australian CGT or other forms of taxation which may apply to the increased value of your Bitcoin, upon selling it, rather than floundering in the dark? No doubt there are Aussie citizens on this forum who would be able to answer any query, if they themselves have gone through a similar process. My personal preference is to hodl my Bitcoin for the long term, and borrow against it with collateralised loans. If you do the math, this would appear to be an elegant solution to the question of deriving a
  5. As a general rule, if one is concerned about being hit for CGT or any other kind of tax when selling their Bitcoin and wants to avoid the possibility, then the answer surely is to take a loan/s against it going forward, leveraging its increase in value well into the future. You are not going to be taxed on any of the funds that are released to you. You will, obviously, be paying an amount of interest on the collateralised loan. For the sake of argument, assume the APR interest rate is between 10-20%. Bitcoin has, on average over its lifespan, increased at around 200% or
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