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  1. #1
    Neo
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    Bitcoin or Gold?

    Trade war, sanctions, unregulated derivatives, national and consumer debt... it's all building up toward the inevitable slide again.

    Living in a country where money in the bank is not protected by a compensation scheme, gold or cryptocurrency would seem the safest bet for savings.

    Gold has the drawback of still having to be physically moved across borders but is tangibly safe.
    Bitcoin the opposite.

    I welcome your experience and insight.
    Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!"

  2. #2
    Thailand Expat Dillinger's Avatar
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    Go read the R.I.P Bitcoin thread, start where Luigi joins last November, becomes the most prolific poster and gets a taste for Ugandan hookers, Gold Label and Lamborghini showrooms,.

    Then read his latest Chiang Mai thread where he is driven to Chiang Mai by his mom to sell his condo

  3. #3
    Neo
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    His poor mum, what a burden that boy has been

  4. #4
    Thailand Expat

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    Robert Kiyosaki, in a recent statement, says buy gold.
    He's probably a better bet than anyone on here.
    To even consider bitcoin shows that you're probably not to be trusted with money.



    Quote Originally Posted by Dillinger View Post
    Then read his latest Chiang Mai thread where he is driven to Chiang Mai by his mom to sell his condo
    Sad if it wasn't so laughable or happening to a nicer chap.

  5. #5
    Thailand Expat Dillinger's Avatar
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    Its a brave man who buys into that crypto, although if you buy now you will be buying at a price around 80% cheaper than you would have in January

  6. #6
    Thailand Expat cyrille's Avatar
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    Quote Originally Posted by Maanaam View Post
    To even consider bitcoin shows that you're probably not to be trusted with money.
    It definitely reeks of a trust fund-based 'success' story.

  7. #7
    'ello 'ello 'ello Luigi's Avatar
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    Quote Originally Posted by Dillinger View Post
    Go read the R.I.P Bitcoin thread, start where Luigi joins last November, becomes the most prolific poster and gets a taste for Ugandan hookers, Gold Label and Lamborghini showrooms,.

    Then read his latest Chiang Mai thread where he is driven to Chiang Mai by his mom to sell his condo



    Just finished renovating two to rent or sell. Back up there in 5 weeks time to finish off the 3rd.

    Great returns Neo, how much ya got to invest?

  8. #8
    'ello 'ello 'ello Luigi's Avatar
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    Diversify a bit. Split between the two. Some easy short-term money to be made in crypto with a bit of study.... But sounds like you're going longer term with more security?


    Condo or two it is me friend.

  9. #9
    Thailand Expat cyrille's Avatar
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    Quote Originally Posted by Luigi View Post
    Some easy short-term money to be made in crypto with a bit of study
    Was it your studying that told you to buy at the peak?


  10. #10
    'ello 'ello 'ello Luigi's Avatar
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    Bought at the peak?


    Looks like a good ol' Lulutardin' thread is on the way.


  11. #11
    Thailand Expat Dillinger's Avatar
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    This is the man



    who put a million on black and it came out red.


    This is the man that moved into Bitcoin just as the clever money moved out.









    https://youtu.be/O-M8cqWccdw

  12. #12
    'ello 'ello 'ello Luigi's Avatar
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    ^

    Quote Originally Posted by Luigi View Post
    Looks like a good ol' Lulutardin' thread is on the way.








  13. #13
    Thailand Expat Dillinger's Avatar
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  14. #14
    Neo
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    Quote Originally Posted by Luigi View Post
    sounds like you're going longer term with more security?
    Security yes, but short term as in if there's a run on the bank and I need to leave my car at the airport. I want my modest savings to be movable and easily convertible.

    If I leave it in the bank it's not protected by any compensation scheme if the bank was to collapse, unlikely perhaps but not beyond the realms of possibility given the very uncertain economic future approaching.

    Gold would be the best bet, buying €5-10k at a time, but I have no experience in buying/selling/moving it.

    For any major transaction here in UAE your ID is required.. kinda wonder how that will go down on the final exit from the country.

    I could seek and pay for independent advice here, but wheres the shits and giggles in that eh.?

  15. #15
    Thailand Expat Dillinger's Avatar
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    Well, you'll be buying low, Neo.....maybe
    SHOTGUN on the Lambo passenger seat






  16. #16
    'ello 'ello 'ello Luigi's Avatar
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    You do know that current price and purchase price are different, right.

    Most sold when back to +10%






    (ish)

  17. #17
    Neo
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    You guys are useless

  18. #18
    'ello 'ello 'ello Luigi's Avatar
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    You're looking for transfers, so forget about BTC, the blockchain fees are too high.

    ETH is good in that aspect, as it's pretty much bog standard 0.005 fee.

    Easy short-term money to be made, but you need to keep your eye on it, and constantly change your pull/reassessment points.

    ETH is down around 20% in the last 30 hours, haven't had the time to look into it, but when it starts to bounce there's probably an easy 20%+ to make in a day or three. Just watch your pull and reassessment points while settling into a routine of drinking vodka at 8am.


    Put some play money in and have fun with it.

  19. #19
    Thailand Expat jabir's Avatar
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    Good time to buy...

  20. #20
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    awesome lulu thread

    now we just need his friend, expat extraordinaire LoyToy, to join us for his beer oclock

  21. #21
    'ello 'ello 'ello Luigi's Avatar
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    Quote Originally Posted by Dragonfly View Post
    awesome lulu thread

  22. #22
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    Quote Originally Posted by jabir View Post
    Good time to buy...
    Property in Turkey, according to an email from my bank. I will pass.

  23. #23
    Neo
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    Quote Originally Posted by Luigi View Post
    You're looking for transfers, so forget about BTC, the blockchain fees are too high.

    ETH is good in that aspect, as it's pretty much bog standard 0.005 fee.

    Easy short-term money to be made, but you need to keep your eye on it, and constantly change your pull/reassessment points.

    ETH is down around 20% in the last 30 hours, haven't had the time to look into it, but when it starts to bounce there's probably an easy 20%+ to make in a day or three. Just watch your pull and reassessment points while settling into a routine of drinking vodka at 8am.


    Put some play money in and have fun with it.
    I'm not looking to speculate, just a way to secure my money out of the bank.

    I'm thinking gold is the best option... but can't decide the best way to get it out the country

    This...



    or this...




    what do you guys think?

  24. #24
    Thailand Expat Dillinger's Avatar
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  25. #25
    lom
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    Quote Originally Posted by Neo View Post
    I'm not looking to speculate, just a way to secure my money out of the bank.

    I'm thinking gold is the best option... but can't decide the best way to get it out the country
    Why move gold? Move the money to the country where you want to store your gold and buy it there.
    The price of gold is the same all over the world so you don't gain anything by buying it in the sandpit.

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