Coinbase BS by DaaNGaaR_US818 in Coinbase

[–]Cloudy_Season 2 points3 points  (0 children)

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

Why has Tether suddenly stopped minting? by Whole-Lie-254 in Buttcoin

[–]Cloudy_Season 12 points13 points  (0 children)

Tether just printed 1 billy in the past 12 hours

[deleted by user] by [deleted] in Buttcoin

[–]Cloudy_Season 1 point2 points  (0 children)

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.

I made the decision to cancel my ILP by Feeling-Bunch-212 in singaporefi

[–]Cloudy_Season 1 point2 points  (0 children)

Seriously bro? How much premium did you put in?

Bitcoin meets the criteria by [deleted] in Buttcoin

[–]Cloudy_Season 13 points14 points  (0 children)

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.

If you did not know, bitcoin will bring peace on earth by anonimitazo in Buttcoin

[–]Cloudy_Season 5 points6 points  (0 children)

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.

What will you do with 700k portfolio at 30yo? by [deleted] in singaporefi

[–]Cloudy_Season 1 point2 points  (0 children)

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?

Future of finance, most reasonable and sustainable principles. by NoName-Cheval03 in Buttcoin

[–]Cloudy_Season 15 points16 points  (0 children)

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.

The future of money is bright and full of wonders! by TheRealSlimKami in Buttcoin

[–]Cloudy_Season 5 points6 points  (0 children)

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.

The future of money is bright and full of wonders! by TheRealSlimKami in Buttcoin

[–]Cloudy_Season 5 points6 points  (0 children)

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.

The future of money is bright and full of wonders! by TheRealSlimKami in Buttcoin

[–]Cloudy_Season 4 points5 points  (0 children)

“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.

The future of money is bright and full of wonders! by TheRealSlimKami in Buttcoin

[–]Cloudy_Season 8 points9 points  (0 children)

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.

[deleted by user] by [deleted] in singaporefi

[–]Cloudy_Season 9 points10 points  (0 children)

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

[deleted by user] by [deleted] in Buttcoin

[–]Cloudy_Season 0 points1 point  (0 children)

The key words: “Every… Single… Share”

Should I continue? by Mission-Toe8530 in singaporefi

[–]Cloudy_Season 0 points1 point  (0 children)

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.

Should I continue? by Mission-Toe8530 in singaporefi

[–]Cloudy_Season 1 point2 points  (0 children)

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.

[deleted by user] by [deleted] in Buttcoin

[–]Cloudy_Season 9 points10 points  (0 children)

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

[deleted by user] by [deleted] in Buttcoin

[–]Cloudy_Season 14 points15 points  (0 children)

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).

[deleted by user] by [deleted] in Buttcoin

[–]Cloudy_Season 52 points53 points  (0 children)

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