bitcoincambodia.com review

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
User avatar
Nicolas
Expatriate
Posts: 196
Joined: Sat Aug 17, 2019 6:08 pm
Reputation: 82

Re: bitcoincambodia.com review

Post by Nicolas » Mon Dec 02, 2019 7:39 am

SternAAlbifrons wrote:
Nicolas wrote:
Sun Dec 01, 2019 3:52 pm
Anyway I’m totally convinced it’s not too late to invest.
Nic, i get the value of Bitcoin for quick transactions.
But "invest"?

Don't you think that holding on to them for any period should more correctly be described as "gambling"?
It seems to well and truly cross that undefined, but still very real, line.

'Nothing against gambling, i occasionally have a tiny plunge on something myself.
But i would be deluding myself if i called it investing. And possibly deluding others less knowledgable.
That's how dumb people get suckered into loosing their lifesavings- honestly believing they are "investing" because somebody "smart" told them it was.
Not really different than buying Apple, Microsoft or Nokia shares. You invest (or gamble) in a company believing your shares will gain value over time.
Sometimes it works, sometimes giants like Nokia fails and you lose your savings.

Can Apple lose 50% of their market value over the next years? Unlikely. Can Apple gain 10 times their value over the same period? Unlikely too.

Bitcoins? Everything is possible. Supply is limited and it’s all a matter of offer and demand. Just like gold.
Your $1000 gamble/investment can turn into $500, $2000, $10.000, $20.000, more? Nobody can say.



Sent from my iPhone using Tapatalk
SternAAlbifrons
Expatriate
Posts: 1677
Joined: Sat Mar 23, 2019 11:31 am
Reputation: 840
Location: Gilligan's Island
Pitcairn Island

Re: bitcoincambodia.com review

Post by SternAAlbifrons » Mon Dec 02, 2019 8:01 am

You seem to be drawing no line between investing and gambling.
I think there is, although hard to define.

no big deal - just a minor academic discussion point.

For me an "investment" would require me to have a strong belief that the value would probably rise.
Bubble T
Expatriate
Posts: 218
Joined: Wed Jun 13, 2018 3:00 pm
Reputation: 139
Cambodia

Re: bitcoincambodia.com review

Post by Bubble T » Mon Dec 02, 2019 10:52 am

Entire books and legal frameworks have been written on the legal and practical difference between gambling and market trading, and whether such differentiation is even warranted in the first place. To some extent or another every action you take in life can be considered gambling, as can the actions you choose not to take.

In any case it isn't a crypto specific point. Values of things go up and down relative to overall markets regardless of the market you're in.
User avatar
Nicolas
Expatriate
Posts: 196
Joined: Sat Aug 17, 2019 6:08 pm
Reputation: 82

Re: bitcoincambodia.com review

Post by Nicolas » Mon Dec 02, 2019 1:19 pm

SternAAlbifrons wrote:You seem to be drawing no line between investing and gambling.
I think there is, although hard to define.

no big deal - just a minor academic discussion point.

For me an "investment" would require me to have a strong belief that the value would probably rise.
You are right, there is a difference between gambling and investing.
I would say when your decision is based on logic, probabilities, patterns and data, it’s an investment.



Sent from my iPhone using Tapatalk
DaveG
Expatriate
Posts: 564
Joined: Wed May 23, 2018 2:45 am
Reputation: 193
Cambodia

Re: bitcoincambodia.com review

Post by DaveG » Mon Dec 02, 2019 7:08 pm

User avatar
Phnom Poon
Expatriate
Posts: 565
Joined: Wed Jan 16, 2019 5:44 pm
Reputation: 167
Kiribati

Re: bitcoincambodia.com review

Post by Phnom Poon » Wed Dec 04, 2019 10:08 pm

The thing that fooled us all for a while, myself included, is that we all thought bitcoin was solving a monetary or payments problem. It was labelled a coin, after all,
. . .
What is now apparent is that bitcoin was never a monetary phenomenon. No, bitcoin is a new sort of financial betting game. It is a digital, global, highly-secure, and fairer version of the old-fashioned chain letter.
http://jpkoning.blogspot.com/2019/11/bi ... rs-in.html

.

monstra mihi bona!
User avatar
Phnom Poon
Expatriate
Posts: 565
Joined: Wed Jan 16, 2019 5:44 pm
Reputation: 167
Kiribati

Re: bitcoincambodia.com review

Post by Phnom Poon » Wed Dec 04, 2019 10:14 pm

Nicolas wrote:
Mon Dec 02, 2019 1:19 pm
I would say when your decision is based on logic, probabilities, patterns and data, it’s an investment.
almost the definition of what speculators do
it's a fuzzy distinction but to me investing is putting money into something to help it grow, preferably something in the real economy
if you're 'investing' to catch a wave of other 'investors' then it's speculation
Last edited by Phnom Poon on Wed Dec 04, 2019 10:23 pm, edited 1 time in total.

.

monstra mihi bona!
Terry Fishsauce
Expatriate
Posts: 96
Joined: Tue Dec 27, 2016 10:00 am
Reputation: 26
Cambodia

Re: bitcoincambodia.com review

Post by Terry Fishsauce » Wed Dec 04, 2019 10:23 pm

I'm getting murdered by fees for using my UK bank card taking out money in Cambodian ATMs. There are ATM fees, my banks forex fees and also my bank fucks me on the exchange rate too. I think to take $500 out of the machine costs me around $30 all up.

Can btc fix my problem? Is it simple to buy some bitcoin in the UK then cash it in here in cambo? If so can someone walk me through how I would do that?
User avatar
Nicolas
Expatriate
Posts: 196
Joined: Sat Aug 17, 2019 6:08 pm
Reputation: 82

Re: bitcoincambodia.com review

Post by Nicolas » Wed Dec 04, 2019 11:07 pm

Terry Fishsauce wrote:I'm getting murdered by fees for using my UK bank card taking out money in Cambodian ATMs. There are ATM fees, my banks forex fees and also my bank fucks me on the exchange rate too. I think to take $500 out of the machine costs me around $30 all up.

Can btc fix my problem? Is it simple to buy some bitcoin in the UK then cash it in here in cambo? If so can someone walk me through how I would do that?
There are other ways!
www.xoom.com
www.revolut.com
www.transferwise.com
www.worldremit.com



Sent from my iPhone using Tapatalk
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 24 guests