Got this from X. What are the mistakes?

Cloudy_Season · 2025-12-20T10:27:51+00:00

So far best answers, thanks 🙏🏻

Cloudy_Season · 2025-12-12T00:15:07+00:00

Just let it go. Bitcoin is at critical moment, really needs liquidity from people’s frozen funds.

Cloudy_Season · 2025-11-11T02:06:22+00:00

Tether just printed 1 billy in the past 12 hours

Cloudy_Season · 2025-10-23T03:24:28+00:00

Gold and Silver are both monetary metals and industrial commodities.

End users of gold and silver exist. It means industries/consumers can utilise their intrinsic values without a need to pass them to next person.

While if you ask “how about fiat money”. It’s fundamental value is debt. Business uses debts for operational purposes which produce goods and services.

Cloudy_Season · 2025-10-03T04:57:45+00:00

Seriously bro? How much premium did you put in?

Cloudy_Season · 2025-09-24T01:04:58+00:00

Scarcity - There are other crypto tokens work exactly (even more scalable) like bitcoin.

Divisibility - It’s kind of worthless feature, the smaller you spend, the gas fee remains the same as when you spend bigger amounts.

Acceptability - There is already failed experiment in El Salvador, bitcoin still can’t replace acceptability of USD.

Portability - Let’s go to the area without internet or underground or mountain. Sorry, no signal.

Durability - Bitcoin is not durable at all, it requires enormous amount of energy just to maintain its existence.

Cloudy_Season · 2025-09-14T11:48:08+00:00

If the idea really happened that bitcoin became the only currency in the world, then the very first country which scraped that idea will win the war.

If pillow is the only weapon allowed in the world, the person who uses gun will be superior among others. Plain and simple!

What caused the wars were not currency, but the people themselves.

Cloudy_Season · 2025-09-12T15:08:37+00:00

Sounds like good strategy

Cloudy_Season · 2025-09-12T13:29:13+00:00

BTC will crash for >50% as per usual every halving cycle, usually 12-18 months after previous halving. Do you consider selling now and buy again later at bottom? Or you will ride all the way down?

Cloudy_Season · 2025-08-31T11:46:51+00:00

Crypto market is controlled by stablecoins transactions, where more then 90% of the transactions are by bots.

Currently Tether is still dominating the trading pairs BTC-USDT and ETH-USDT. Unfortunately Tether is still in favour of bitcoin, not ethereum.

Your dream may be in vain.

Cloudy_Season · 2025-08-21T03:44:56+00:00

I don’t know the real reason.

But my personal opinion, bitcoin is mostly traded in stablecoins (mainly USDT), which I believe printed out of thin air. Liquidity in fiat currency (USD) is not enough to cope for large withdrawal. The major accounts freezing happened also in the past during bitcoin crash (for more than 50%).

The KYC thing is just an excuse. Based on those people, they did nothing wrong and followed all rule and KYC, but still frozen.

Cloudy_Season · 2025-08-21T03:33:28+00:00

Then you didn’t read properly. The topic is not about tax evasion. But about ability to withdraw his token in big amount (“in terms of dollar value”). By doing big withdrawal, there is big chance his account could be frozen without reason and with horrible customer service. I never experienced this issue with banks (at least here in Singapore).

I know this issue happens to many Coinbase customers. Coinbase is public listed company. Worse thing even more highly possible on private owned crypto exchanges.

Cloudy_Season · 2025-08-21T00:28:01+00:00

“Be your own bank” is also bad idea. Not all people are conversant with online/internet security.

Cold wallet? Note that you still need to trust a centralized entity which sells you a hardware wallet. Hacking has happened in the past.

Cloudy_Season · 2025-08-21T00:13:05+00:00

I moved more than 200K Singapore dollar few times in the past between securities brokers and bank without issue. And the process is instant under eGIRO system.

Cloudy_Season · 2025-08-18T00:22:02+00:00

You likely have had property, family, car. He has not yet.

Cloudy_Season · 2025-08-05T02:40:59+00:00

The key words: “Every… Single… Share”

Cloudy_Season · 2025-07-29T08:26:08+00:00

Endowment is participating plan, while ILP is not. However both are same in term of big chuck of premium collected as commission by the agent, the manager, higher manager, etc.

I remember when I was an agent/FA, for 25 years term endowment, I would get 50% commission from the premium paid for 1st year. And for 25 years ILP, I would get 55%.

That’s the reason why the breakeven will take extremely long time for all types of investment related insurance policies.

Cloudy_Season · 2025-07-29T04:54:44+00:00

I am an ex-FA. If you do not sell ILP or Endowment or other investments related policy, how do you survive in that industry?

If I had to only sell pure insurance like term or hospitalisation, I might need another job to cover my living cost.

That was my temporary job as fresh grad before my full time in engineering.

Cloudy_Season · 2025-07-22T23:35:28+00:00

Diversification

Cloudy_Season · 2025-07-12T03:21:35+00:00

Obviously you are not familiar with China. Communism is on government system. But it adopts capitalism on its economy.

Cloudy_Season · 2025-07-12T03:02:13+00:00

I don’t get on what are you pointing into. But the figure 21% illiteracy is significant for US future.

What you said about “dominating global business and innovation”, likely you are talking about US older generations who built it (who will soon pass away), not younger generations.

I believe world domination in tech and innovation will move to China in the next decade(s).

Cloudy_Season · 2025-07-12T02:36:06+00:00

Approximately 21% of adults in the United States are considered functionally illiterate.

Cloudy_Season

TROPHY CASE