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techietraveller84

What (ethical) ideas are people talking about for profiting off the current crisis?

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1 hour ago, Surasak said:

I find it a lot more than sick, if people want to make a profit from others misery.

Life goes on. One isnt making a profit off folks misery, one is doing ones best to keep the economic engine running and better oneself at the same time. That benefits even the miserable.

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this is an incredible time to get into Bitcoin

 

There's something called a "debit card" that fits into any ATM all around the world that allows you access to your money in the local currency.

 

 

Can Bitcoin do that?  Maybe it's just for criminals, not for serious investors. 😎

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1 hour ago, SiSePuede419 said:

There's something called a "debit card" that fits into any ATM all around the world that allows you access to your money in the local currency.


If you were referring to my point that Bitcoin can be an efficient way to move money between currencies, we are talking about different scales.

I had actually already heard of this "debit card" concept.

Your debit card is terrific for taking out a few hundred dollars to give you a little walking around money, enjoy a few beers, get a massage etc.

I'm talking about instantly moving, say, $100K into Thai baht to snap up a nice condo being panic sold.
 

2 hours ago, SiSePuede419 said:

Can Bitcoin do that? 


Yes, of course. There are several debit card that withdraw from your Bitcoin holdings into any currency at the current rate. Personally, I prefer to have my Thai exchange deposit directly to my Thai bank account and use that card to spend or withdraw money while in Thailand.
 

 

2 hours ago, SiSePuede419 said:

Maybe it's just for criminals

 

So, I take it you are unaware that the global black economy still mainly depends on suitcases stuffed with bundles of cash. The Euro €500 note was introduced with the knowledge that it would be enthusiastically adopted by the various cartels and mafias because it would allow them to pack in more value.

Bitcoin transfers are significantly easier to track than paper notes.

 

2 hours ago, SiSePuede419 said:

not for serious investors


This is a bit like Warren Buffet eschewing investments in Apple for years on the grounds that he "didn't understand technology". He later realized that this bias led him to miss a terrific opportunity and is now one of their biggest investors.

The phrase "serious investor" is meaningless. The only measure of how serious you are is whether or not you are willing to take a chance and invest. The only metric that then matters is whether or not you consistently make a profit. Understanding different forms of investment increases your flexibility and, especially at times like this, increases your chances of remaining profitable.

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some bitcon "expert" said like 75% of all coins were mined and that some price structure was slashed in half; making it very hard to make money.  idk what he was rambling on about, but do some research before getting in bitcoin.  

 

he said 3000 was his target.  

 

his cred?  he actually started his own crypto coin and worked with a few other bitcoin-like companies.  

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Free offer in concept.

UV  cabinets .

Mounted  on  extensions of checkout counters with tumble steps to sterilize items. Just  don't  buy  eggs.

Similar  concept added to ATMs so all  cash notes are individually subjected to an intense dose.

Who  cares if the  notes  are  white so long as the numbers stay. A 1000 Baht  note cots no more to pump out than a  20 Baht  anyway. That is if  you retain any available funds  to draw on  given the economic cliff many are falling off.

Save water. UV  hand sterilizers. Skin cancer is  of no immediate  concern is it?

Perhaps the  massive reduction in factory produced pollution will allow  greater  uv penetration from the sun and it will save us all ?

There  must be many entreprenanal  opportunities  to take advantage (ethically).

Oh ! Funeral Parlors ! Bulk  discounts for  Master Card  holders. Nearly  overlooked  that one.

Good luck  y'all. I'm back out  to defend  my food  crop. 555

 

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Posted (edited)
6 hours ago, wwest5829 said:

Ha! Yes. My eldest Son will never forgive me for having bought Apple in the 90s and selling when Steve Jobs was relived of command.


The real trick there would have been to buy again when he came back and skip the whole fallow period between '85 and '97.

 

 

 

Edited by donnacha

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Posted (edited)
2 hours ago, Ventenio said:

some bitcon "expert" said like 75% of all coins were mined and that some price structure was slashed in half; making it very hard to make money.  idk what he was rambling on about, but do some research before getting in bitcoin.  


As an investment, you do not necessarily have to understand how bitcoins are mined, beyond the key fact that only a certain number can ever exist, unlike fiat currencies such as the dollar. There is no limit on the amount of money that governments, if they wanted, could print, whereas we know exactly how many bitcoins will ever exist.

I have never mined a bitcoin, in the same way that I have never printed a dollar bill, but I trust the number of bitcoins more than I trust the number of dollars. Especially now.
 

 

2 hours ago, Ventenio said:

his cred?  he actually started his own crypto coin and worked with a few other bitcoin-like companies.  


Saying "started his own crypto coin" is a bit like saying "installed his own WordPress site". Any idiot can start a coin. The question is whether it remains in existence and used by real people. Thousands of "alt coins" came into being over the past few years but the overwhelming majority were nonsense or scams. Working for "a few other bitcoin-like companies" may not be the sign of credibility you think it is.

I stuck to Bitcoin because, although less technically sophisticated than some newer coins, it has withstood the test of time ( and established itself as the "dollar" of the crypto world. That brand value alone ensures that people will continue moving money in and out of Bitcoin. Again, I am not a day-trader, I have other work to do. My simple bet is that, over the years, the general price of Bitcoin and Ethereum will rise. There are clear highs and lows. I will not buy when it is shooting up and everyone is talking about how a bitcoin will soon be worth 100K. I buy when the price crashes and everyone is saying things like "It's might be worth nothing soon because society is collapsing".

In the past 24hrs it rose 25%, but has now dropped around 5% from that. As I said, volatile, but, in general, the direction will be upward, either because it will become apparent that the world is not ending OR because the governments will print so much fiat currency that it will flood and artificially inflate all markets, including crypto. Sure, theoretically it could drop to 3k but my decision was that it made more sense to get in at 5k, 6k, 7k, or anything under 10k rather than wait for that to happen. I consider the chance of that to be low, we have already had the shock, the sellers have been shaken out, now you will see lots of movement up and down each day but the range will continue to creep up week-by-week until it is back to around 9 - 10k.

Then, from that base, it is just a question of waiting for it to become apparent that some economies have weathered the virus worse than others. You will start to see citizens desperately looking for backdoors to get their family wealth out. That, along with money-printing in almost all countries, will put a rocket under Bitcoin and Ethereum.

Of course, that may not happen, but, personally, I think it is a reasonable bet.



 

Edited by donnacha

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Anyone wants to make money ethically?  Invest in companies and services that deliver food and essentials.  

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Posted (edited)
5 hours ago, SiSePuede419 said:

this is an incredible time to get into Bitcoin

 

There's something called a "debit card" that fits into any ATM all around the world that allows you access to your money in the local currency.

 

 

Can Bitcoin do that?  Maybe it's just for criminals, not for serious investors. 😎

sorry to say you obviously know nothing about bitcoin.

 bitcoin when from $0.0008 to $19,783.

or how it works. how it is designed and what lies in the future. you should look to in. i made $30,000 USD on a very small investment.

our computer scientist at work turned me on to it in 2011. 

if i had bought more i would have potentially made millions of dollars. many did.

right now i am almost all USD and waiting for "blood on the streets" to jump back into something. 

this is the greatest single black swan event in history. but there is way more pain to come.

Edited by NCC1701A

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My niece works with a business that makes and sells fermented food. Very healthy. They are experiencing a pronounced bump in sales.

 

Other than that I would recommend becoming friends with Our Dear Leader in the US.

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On 3/21/2020 at 9:45 PM, elgenon said:

My niece works with a business that makes and sells fermented food. Very healthy. They are experiencing a pronounced bump in sales.

 

Other than that I would recommend becoming friends with Our Dear Leader in the US.

Good idea. I hear farmers are having to dump fruit and vegetables because they can't get to market. Switching to ferment mode, if the supplies are available, could be a good back up, and would surely help reduce food shortages that some predict are coming.

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How about starting a business that offers a special International health certificate to hotels and restaurants that shows they meet certain standards. You could provide a 6-month check, wall certificate, stickers for all the rooms and other facilities as well as online badges for websites and links to a record of your check and certification. Of course this wouldn't work for all hotels and restaurants but it might pan out if done right.

 

Other than that, I saw a bakery was selling cookies with funny faces with masks on them.😷  How about I survived the Plague of 2020 Tshirts? Lots of assets will be up for sale cheap such as hotels, nursing homes, airplanes, tourist-related businesses, motorcycles, etc etc Plus with the world in massive slowdown, people will start selling their stuff if they are out of work. There is also going to be a trend to buy more locally as many govts were caught off guard on supplies for this. That might have value. Opening a temporary employee business might be strong again. Local online teaching via the net could be a new alternative to going to the tutoring schools. Many kids have experienced online learning now. Using delivery and online sales will increase as a lot of people who never tried it, now have and many will like it. Netflix and other entertainment online should do well. 

 

As this cold season fades, the fear of a return or even worse cold season next year will get people to prep for it. Any useful new ideas for that could do well.

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On 4/2/2020 at 2:48 PM, techietraveller84 said:

Good idea. I hear farmers are having to dump fruit and vegetables because they can't get to market. Switching to ferment mode, if the supplies are available, could be a good back up, and would surely help reduce food shortages that some predict are coming.

The gov't finally approved more immigrant labor to work in the fields. I will have to be to be careful they don't rape and kill me (according to Our Dear Leader at least). What's the big whoop-t-doo about letting in farm workers that want to do the work US citizens don't want to do?

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