Recent content by thomasparra

I try to stay away from the US system as much as possible. They might withhold taxes etc. I just do not want to deal with the IRS.

HSBC Expat: The relationship balance does not take into account the Sharedealing investments. I know this from personal experience and talking with many different people at the bank. Only current/savings and HSBC managed investments count towards it (they all take 1-2% in fees + also entry fees...

Then this invalidates the argument that BTC is the end game as a cryptocurrency or safeguard. As a reminder the annual federal budget of the US is about 4 times larger than the current market size of BTC. I was just trying to understand the rationale of W Fish.

What if the US hypothetically buys 50% of the current BTC supply? It would be around 1T in USD so they can afford it.

People have already forgotten the Trump and Melania pump and dump scam and it was not even a month ago.

According to official data, US alone holds almost 2x more gold than China and Russia combined. The West (or Europe alone) as a bloc holds way more gold reserves than Russia and China. I am sure China and Russia have much more reserves than disclosed, besides it does not not account for...

Thank you. I will check all of this out

Would you mind pointing me to respectable sources so I can read more about BTC, its technology, and key factors for future adoption? I understand that BTC has a fixed supply but even assuming no internal risk (e.g. technical vulnerabilities/hacks, ownership monopolies), I would like to assess...

The Earth will also cease to exist at one point. You could be eventually right in year 2100 and we would be both long dead before your prophecy ultimately materializes. Maybe. I have read that 0.01% of the total BTC holders have 60% of the BTC supply. Is that your definition of a pure...

Hard currencies will outlive you, me, your children and their great children. Even if you recognize the current flaws of the current system and provide a reliable and widely recognized solution (spoiler: you don't), history is filled with systems, ideas, or practices that persisted for...

I am not sure how you come to this conclusion but if this is in reference to the US presidential term this is not a reliable assumption. This is once again an assumption. This is also an assumption. Your conviction, and your personal situation does not mean that other people should replicate...

I would not put more than 10-20% of my net worth into crypto (BTC, ETH to a lesser extent). Every situation is different, maybe if you are worth $10M with your main place of residence already paid for, you would not mind risking 5M @ 50% crypto exposure, but for someone who is worth less, and...

Unless you live in very high end (and I mean almost true 5-star/luxurious) place, it will never feel high-quality to me. Let me list a few examples of things that are often more of a miss than a hit: - No privacy when bringing guests/girls (staff and cameras) - TVs. Generally they are shitty...

They feel quite impersonal as well. It must be hard to make them feel like home. Glorified Hotels/Investment Airbnbs from the portfolios I have looked at.

I think Four Season Residences in BKK is more around USD10k per month for their nice apartments. 5-6k is for their "small" standard apartments. Anyhow, why paying this much for a high rise apartment in Bangkok? It's not a house either (even though it might be better due to noise and pollution...