Thailand made it simple to acquire Bitcoins
- phuketrichard
- Expatriate
- Posts: 16880
- Joined: Wed May 14, 2014 5:17 pm
- Reputation: 5782
- Location: Atlantis
Thailand made it simple to acquire Bitcoins
will Cambodia follow>
can buy them and use funds in my thai bank.
https://coins.co.th/
1 bitcoin.
Buy: 144,626.45 THB | Sell: 140,256.57 THB
1 bit=$4,338
can buy them and use funds in my thai bank.
https://coins.co.th/
todayFounded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson, Coins is Southeast Asia’s leading mobile blockchain-enabled platform that enables anyone, including those without bank accounts, to easily access financial services directly from their phone. Using Coins, customers have access to a mobile wallet and services such as remittances, air-time, bill payments, and online shopping at over 100,000 merchants who accept digital currency. Operating in the Philippines and Thailand, Coins' mission is to increase financial inclusion by delivering financial services directly to people through their mobile phones.
1 bitcoin.
Buy: 144,626.45 THB | Sell: 140,256.57 THB
1 bit=$4,338
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
- tightenupvolume1
- Expatriate
- Posts: 2059
- Joined: Sat Mar 25, 2017 10:29 pm
- Reputation: 880
- Location: london
Re: Thailand made it simple to acquire Bitcoins
I reckon the bitcoin thing will go through a good few more years of boom and bust before it settles, i personally would not touch them at the moment, i predict lot of people will lose a lot of money
charlie
charlie
Re: Thailand made it simple to acquire Bitcoins
Due to the limited number of coins, there are only 2 places Bitcoin can eventually wind up. Either worth absolutely nothing or worth over $100,000 in today's dollars. It is simply unstable in any other regime.
Personally, I think it will go to zero because its usefulness is close to nil if it is ridiculously expensive. The cost of making a transaction today is already around $4, limiting it to only very large transactions. This will only get worse in the future, and therefore its divisibility is meaningless. It is either going to become a currency for the very rich to avoid taxes and launder money, or else it will collapse. Cheaper cryptocurrencies that use delegated proof of stake algorithms will eventually take over.
But there is still money to be made speculating on it in the mean time. I'm just not a gambler. Wish I was. I still remember the pizza that sold for 10,000 bitcoins years back. I thought it would never work back then. How wrong I was....
Personally, I think it will go to zero because its usefulness is close to nil if it is ridiculously expensive. The cost of making a transaction today is already around $4, limiting it to only very large transactions. This will only get worse in the future, and therefore its divisibility is meaningless. It is either going to become a currency for the very rich to avoid taxes and launder money, or else it will collapse. Cheaper cryptocurrencies that use delegated proof of stake algorithms will eventually take over.
But there is still money to be made speculating on it in the mean time. I'm just not a gambler. Wish I was. I still remember the pizza that sold for 10,000 bitcoins years back. I thought it would never work back then. How wrong I was....
- Username Taken
- Raven
- Posts: 13937
- Joined: Mon May 19, 2014 6:53 pm
- Reputation: 6008
Re: Thailand made it simple to acquire Bitcoins
"its usefulness is close to nil if it is ridiculously expensive"
No need to buy a whole bitcoin. You can just 'invest' a few hundred or a thousand. Up to the individual how much.
You can try this: Either leave your thousand in the bank, or buy a thousand bucks of bitcoin. In twelve months, the money in the bank will be worth a little over a thousand. The bitcoin, on the other hand, 'might' follow it's previous trends and be worth more than two thousand (or more).
No need to buy a whole bitcoin. You can just 'invest' a few hundred or a thousand. Up to the individual how much.
You can try this: Either leave your thousand in the bank, or buy a thousand bucks of bitcoin. In twelve months, the money in the bank will be worth a little over a thousand. The bitcoin, on the other hand, 'might' follow it's previous trends and be worth more than two thousand (or more).
-
- Expatriate
- Posts: 1094
- Joined: Mon Sep 04, 2017 3:14 pm
- Reputation: 108
Re: Thailand made it simple to acquire Bitcoins
Or the money in your bank will be worth just over a thousand and the bitcoins will be worth zero.Username Taken wrote: ↑Sat Oct 07, 2017 6:57 pm "its usefulness is close to nil if it is ridiculously expensive"
No need to buy a whole bitcoin. You can just 'invest' a few hundred or a thousand. Up to the individual how much.
You can try this: Either leave your thousand in the bank, or buy a thousand bucks of bitcoin. In twelve months, the money in the bank will be worth a little over a thousand. The bitcoin, on the other hand, 'might' follow it's previous trends and be worth more than two thousand (or more).
Or put the money in an MFI and get a guaranteed 7%.
Or buy some tulips...
Re: Thailand made it simple to acquire Bitcoins
When I talk about utility, I don't mean speculating on it. I already said that was still viable. What I mean is buying a pizza. As the price has risen, the cost of a transaction has gone from pennies to several dollars. Bitcoin is now too expensive to use in commerce. The divisibility of the currency is useless. You can't afford to transact a few Satoshi.Username Taken wrote: ↑Sat Oct 07, 2017 6:57 pm "its usefulness is close to nil if it is ridiculously expensive"
No need to buy a whole bitcoin. You can just 'invest' a few hundred or a thousand. Up to the individual how much.
You can try this: Either leave your thousand in the bank, or buy a thousand bucks of bitcoin. In twelve months, the money in the bank will be worth a little over a thousand. The bitcoin, on the other hand, 'might' follow it's previous trends and be worth more than two thousand (or more).
If Bitcoin continues rising, the transaction cost will get worse, making it usable in even fewer circumstances. In the end, it will either be used exlusively as a money laundering tool for the wealthy, or it will crash to zero. Speculators provide a market. They do not create utility.The currency has to have a purpose, and given the cost of transacting in it, if it doesn't find a home among the very wealthy it will collapse spectacularly.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 6 Replies
- 2472 Views
-
Last post by jubo2
-
- 4 Replies
- 1402 Views
-
Last post by 杜恩
-
- 10 Replies
- 3022 Views
-
Last post by Ghostwriter
-
- 4 Replies
- 2328 Views
-
Last post by Bitte_Kein_Lexus
-
- 6 Replies
- 1429 Views
-
Last post by Bubble T
-
- 19 Replies
- 5077 Views
-
Last post by daeum_tnaot
Who is online
Users browsing this forum: crackheadyo, DavidMurphy, ExPenhMan, jaynewcastle, John Bingham, phuketrichard and 509 guests