Exploring Thailand
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Posts posted by Exploring Thailand
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40 minutes ago, fdsa said:
Do you really need to write anything there? Most useful information is many years old and accessible without registration.
That forum is half dead already, filled with thousands of indian and russian bots promoting scam coins, and there is no moderation or administration to delete obvious bots and fake accounts.
I think you're right. I've thought better of it.
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Yes, having had a browse, I'm not in a big hurry to jump through their hoops to join. I'm sure there are lot of knowledgeable people there, but the signal-to-noise ratio is not great. I'll lurk for a while before doing anything.
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10 minutes ago, Crossy said:
If you pay and get access, then next time you log on from a different Thai IP will they again demand payment? You may wish to get confirmation from the forum Admin before paying anything.
Yeah, that was my concern. I would imagine that once you have a validated account, you shouldn't have to pay again. It's not really possible to ask an Admin until you've paid to join. Another alternative would be to try to join with a different email address and username from my phone, rather than via my router, or via VPNs. I don't really wan the hassle.
I'm not desperate to join, but the cost seems to be virtually nothing, so if joining is just a case of a couple of extra clicks (to send some bitcoin), I'm okay with that. I just wanted to be sure there is nothing I'm missing.
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I signed up to bitcointalk.org and was greeted with a request to send them a negligible amount of bitcoin. Should I send it? I've had problems in the past when trying to edit Wikipedia from a Thai IP, so it could well be that Thai addresses have caused problems on bitcointalk.org too. Is there any reason not to send the bitcoin?
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14 hours ago, Caldera said:Personally, I wished they'd use their energy to effect change here in Thailand instead of leaving.
Some of them are doing exactly that: "I'm not moving to another country. I'm fighting for change"
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I'm still undecided but here is a view of the other side of the (bit)coin.
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51 minutes ago, WaveHunter said:
I'm reading this thread in its' entirety because I also am interested in putting money in BitCoin while living here in Thailand
51 minutes ago, WaveHunter said:one of the key features of a blockchain supported currency is that it can not be manipulated by central banks
I'm in a similar situation to you. I've been reading up on crypto for a couple of days and it's apparent that you need to tread very carefully. For example, you can't print bitcoins, but you can create new coins, hype them, then, when people start to buy them, sell your holding at a big profit, leaving the price to crash behind you.
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7 minutes ago, Heng said:
Yeah, that was embarrassing for them. But should be clarified that their customer database was hacked, not the Ledger wallet tech itself. To each his/her own, but I would trust a device (phone, tablet or computer) that I have personally formatted to be 'virgin' over something that I order from Amazon to store my crypto.
Yeah, I'm sure the Ledger team is completely separate from the e-commerce team. If I were holding significant amounts of crypto, I'd consider one, but I'd buy it directly from them, not from a third-party (despite the leak).
I've spent a couple of days reading up on all-things crypto and have come across some incredible scams and blunders. I'm sure they're all well-known to the old-hands.
Forgets password to unlock $210 million crypto.
Youtuber loses $2million to hackers during livestream.
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I guess this is old news but Ledger were hacked. Later one million emails addresses and 250000 physical addresses were dumped onto a hacking site. Since then there are lots of phishing scams circulating along the lines of "You will know that our database was hacked, please go to this site to change your 24 words...". I guess in the worst case scenario, it would also let burglars know which houses to target.
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On 3/18/2021 at 11:54 AM, fdsa said:
you could sell anywhere you want. Many people profit from buying coins on large exchanges and reselling them to other people on peer-to-peer exchanges with 3-10% higher rate.
Why do people buy on peer-to-peer exchanges at a 3-10% premium? Are they people who can't, for some reason, get an account at a larger exchange?
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2 hours ago, TallGuyJohninBKK said:Course Changed! Government says private sector has no need to order vaccines
Why are they so reluctant to allow the private sector to buy vaccines? I guess the knee-jerk response is that there is corruption involved somewhere, and I guess that might be right. I just wondered if there was anything else behind it.
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Couple of Interesting snippets from Wikipedia.
QuoteIf the private key is lost, the bitcoin network will not recognize any other evidence of ownership; the coins are then unusable, and effectively lost. For example, in 2013 one user claimed to have lost 7,500 bitcoins, worth $7.5 million at the time, when he accidentally discarded a hard drive containing his private key. About 20% of all bitcoins are believed to be lost -they would have had a market value of about $20 billion at July 2018 prices.
QuoteIf the private key is revealed to a third party, e.g. through a data breach, the third party can use it to steal any associated bitcoins. As of December 2017, around 980,000 bitcoins have been stolen from cryptocurrency exchanges.
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53 minutes ago, fdsa said:
this is the largest adequate fee (anything higher than that is just throwing money away):
(plus note the "Warning")
That's a useful tool. What is it? I saw that Exodus allows you to set maximum charges. I guess this is the same idea. The fees associated with cryptocurrencies do take a bit of getting your head around. I see that there are credit/debit cards available which charge around 3% per transaction, which is considerably lower than the fees we've mentioned above. I also noticed that the TradeOgre site seems to charge around $30 to withdraw Bitcoin.
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13 hours ago, fdsa said:
every transaction requires a fee, transfers in and out of exchanges are "transactions" too.
The current minimal fee is about $3, average $10, and $25 is very high - I assume the exchanger intentionally raises the fee to speed up the transaction confirmation time.
11 hours ago, Poet said:Realistically, you are probably not going to be transfering your Bitcoin anywhere. You will buy it and, at some point, you will sell it on the same exchange, and then you'll pay about 50c to send the fiat money to your bank.
This is one of the sources I used for fees. It says the fees are currently $37, up from $25 yesterday. I guess as you say, the fees become less significant when you're transferring larger amount of money. I'm not too worried as I'm really just experimenting to see how it all works at the moment.
11 hours ago, Poet said:At points today I've been up $25K on that investment and then, minutes later, watched it transform into a $25k loss. Bitcoin is positively sedate compared to this.
I can understand, though, why active traders prefer this market. If my little experiment works out I might well decide I prefer it and go all in.Good luck with that!
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29 minutes ago, Poet said:
Buying or selling on an exchange is instant. Transfering Bitcoin between exchanges or to your wallet takes anywhere between a few seconds and five minutes.
Thanks for the very helpful info. I've just been doing a bit more reading and see that the current "transaction fee" for Bitcoin is around $25. I take it that that is a fee that you only pay if you are actually buying something, whereas transfers into and out of exchanges and wallets are either free or attract a relatively small percentage fee, is that right?
29 minutes ago, Poet said:Pirate Chain is currently ~$10, down from a high of $16.90 three days ago, I got in at $8 yesterday. I figure it will probably hit $20 at some point this week, but I have to be careful not to miss Bitcoin's next bull run.
That sounds like a pretty turbulent ride!
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On 3/30/2021 at 1:42 PM, Poet said:
I have a lot of friends who I would describe as "Bitcoin-curious" and I always tell them to open a free account at a reputable exchange, transfer in $100, and buy some Bitcoin.
I'm going to do something along these lines. Really just from curiosity, as you say. I have a couple of newbie questions.
- I see that Bitkub is accepting new accounts again. Which would be better to get my feet wet, Bitkup or Kraken?
- There's discussion on this thread about the dangers of some exchanges. Am I right in thinking that you are only exposed to danger while you're waiting for the transaction to complete and that once you transfer the bitcoin to a wallet, it doesn't matter what happens to the exchange?
- From what I can see the Bitkub app also includes a wallet, whereas with Kraken I would have to install one. Is this difference important?
- How do you convert and transfer bitcoin from the wallet to a bank in Thailand? Can all wallets transfer to any bank in any country?
I've read the advice that TV is not the place to get advice about bitcoin, but I'm just testing the water. I'm not going to making significant purchases.
Thanks!
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5 hours ago, Oxx said:
And Thai's vocabulary isn't "huge". It's actually quite small. The RID has 20,002 entries.
A quick google search suggests that the average native English speaker has a vocabulary of around 20,000 words, so that is indeed surprisingly small.
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It's well worth checking out. There aren't really any cons. It doesn't cost anything and there are a lot of Thais wanting to exchange for English. Best thing is to just join and give it a try. Initial contact is by messaging on the app, but you can always arrange to speak to them after you've exchanged a few messages. I think it has built-in video-calling or you can exchange Skype or Line ids.
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On 9/17/2020 at 2:55 AM, bodga said:
they tried something like this years ago if you spent 3 million on a condo except no permanent residence, I have 7 in my Wife's name guess they wont let me be permanent then!
Later they will change the rules leaving owners high and dry after theyve suckered them in and theyve spent their cash. just like last time.
What happened last time?
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5 minutes ago, Oxx said:
Ask yourself whether you can really read and write. Can you read a Thai daily newspaper? Could you write a shortish essay? If not, you can't really read and write, but are simply decoding, and probably slowly. And if you can comfortably do both, than UTL is not for you. Similarly, if you don't want to be that highly literate in Thai, again, UTL is not for you.
Good questions. I'll go along and let them asses my ability. That will put me in a better position to know whether they are right for me.
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50 minutes ago, Oxx said:
It was https://www.utl-school.com/
Thanks for the info, reading through the website and the thread you linked, it looks like there is a heavy emphasis on reading and writing. Would you agree? I can read and write, and I tend to feel that they are skills that can be practiced just as well outside of the classroom environment. I was also looking at AUA, which as far as I can tell uses a methodology at the other extreme, with much emphasis on being exposed to "real" spoken Thai. I guess I should check them both out.
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On 4/16/2020 at 5:56 AM, Oxx said:
Why would this be a requirement? It's simply not necessary. The better schools in Bangkok (i.e. those using the Union method) teach solely in Thai. I studied effectively full time (4 hours/day + homework) for 18 months at one such school, and I don't know whether any of the teachers could speak English or not.
Do you mind sharing which one it was? I guess considering you stayed with them for that length of time, you were happy with them.
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Does he have any knowledge of the official reason for requiring O visa holders to keep 400k permanently in the bank?
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28 minutes ago, Martyp said:
When you apply your next 1 year extension they will examine your bank passbook for the past year. If you didn’t keep a minimum balance of 400,000 then you have not met the financial requirements for the past year and your application for the next year will be denied. The same with the monthly income method. If you did not deposit at least 65,000 baht each month then you will not be able to get the next year extension. You will have to start over with a new visa.
As has been mentioned, Jomtien is an exception. There is a 90 day check of your bank balance but it is not the same as a 90 day report. Two separate things.
Thanks. So presumably that means once you start with an agent, you're locked into using them for subsequent extensions.
Forget Elon Musk Here's LUNGTOO for you!
in Cryptocurrency News
Posted
https://lungtoo.com/
Don't know what to make of this! From the whitepaper it seems that there has been one rugpull, but this time it will be different.