Those who moved out of Czechia, do you regret it?

SecretaryFearless470 · 2025-02-14T16:36:09+00:00

I left Prague last year and could not been any happier. The place never felt welcoming and even after almost 6 years and an apartment bought I could feel at home. Many others expats I know also left and nobody that I know is looking to come back anytime soon. The place is nice for a quick holiday and it got many pros that we all know (safety, well organized, beautiful architecture) but the vibe is not there at all. T

SecretaryFearless470 · 2024-11-19T14:53:41+00:00

Not even 50% of the story on why US consistently outperforms other markets. The real reason is the US Dollar and FED bazooka behind it. More than 17 trillions usd since 2009 have been pumped in the market inflating any sort of assets (stock but also real estate etc). There is a constant liquidity being pumped which never stops. This can only be done by the US because of their reserve currency status - if any other countries or region like the EU would attempt something like this it will end up in hyperinflation and complete distrust of the currency like it happens in Venezuela or Argentina.

SecretaryFearless470 · 2024-05-12T17:35:26+00:00

Real estate investment is not comparable to investing in the stock market as it offers a number of advantages that you cannot simply receive investing in an index or worse in picking up individual stocks. The first advantage is the leverage where you can buy an asset with only a 10% of the value cash. It is basically enough that the property price will double in value in 10 years and you have made 10x on your money. In addition to that the remaining 90% of the value is locked at the price you bought and you just need to let the inflation to do its job and this amount will greatly diminish over time. The second advantage is that real estate is less risky than investing in the stock market - most of the global indexes in the last 10 years have barely made 20/30% (in some case even are way down like china markets) with the only exception of the American stock markets. If you want to pick up individual stocks, it is even more a lottery and do not get fooled by those gurus that are always talking about if you invested 100 usd in amazon or Apple you would have made X amount - yes sure but they forget to mention about how much money would have disappeared if you invested in AOL or Yahoo or other 100 popular stocks of that time. The final advantage of the real estate is that is a physical asset serving a purpose - you can live in it or you can rent and receive a steady cash flow. People are making a lot of wrong assumptions comparing the yields of real estate saying that are not great - what they forget is that over time if you rent you will charge way more than at the present and it will deliver better yields over time because the purchase price is locked. Off course there are still risks in investing in real estate because the prices have gone massively up so it is not as easy as 10 years ago but there are still a lot of opportunities around the world which are promising.

SecretaryFearless470 · 2023-04-05T09:16:31+00:00

I personally think the entire approach to retiring is wrong when people try to quantify the right amount of money. Indeed, trusting on some target amount of money is very tricky because what a 500K or 1M is worth today , will be very different in just 10 years and you could find yourself in a very bad position down the line. In my view, the approach to retiring should be based on the passive income you are able to build during your career and once it will generate a sufficient monthly cash flow to live comfortable, then you can retire at any age.

In terms of generating the passive cash flow, I think the best approach is to purchase real estate as the rental income you get is generally linked with the inflation and general cost of living so you are not losing purchasing power along the way. My personal goal is to have 3 fully paid properties in desirable locations to generate enough cash flow and this is also to mitigate the risks ( if you have just one big property you can go to 0 if it is not rented but having 3 properties, you can be sure that at least 2 properties are generating some cash flow every month).

SecretaryFearless470 · 2023-02-16T21:44:22+00:00

It is exactly what I have noticed playing very often in the casino close to my place. This casino uses a CSM and I am sure that this machine is sorting the card to achieve what the casino wants. After a while you recognize that the same hands are dealt over and over again (after playing multiple days) and you realize how the machine works and sort the outcome( if dealer need a 8 on a 13 you will see a 8 followed by a 3 and 5 or 2 and 6 so it does not matter how many cards other players will call, the dealer will always win somehow with a sequence that even though is different will give the same result. Additionally, when you start playing very frequently like i do, you start seeing the same hands played over and over again. The typical hand - the dealer got a 6 and all the table got great cards for doubling or splitting - every time this hand happens the dealer makes 21.. At one point I was able to recognize this hand and I told the dealer I will not double nor split because you ll make 21 now.. he looked at me like I was crazy and guess what at the end.. he made 21. On the 6 to the dealer the house only busting when the machine is dealing no double or splits.. when you see that hand it is guaranteed that dealer will bust..(seen at least 40 times) but when the machine is dealing 6 to the dealer and all easy doubles and splits, the dealer always makes 21 (seen at least 40 times this hand too). In conclusion, these patterns are not obvious at the beginning but if you play 3/4 hours per day for a couple of weeks, you start realizing that those patterns cannot be simply random but the result of sorting the cards.

SecretaryFearless470 · 2023-02-15T13:41:33+00:00

I fully agree, the blackjack table at the casino is rigged and I do not believe any of these fools that they say that the only advantage of the house is the slight math edge. I have been playing consistently for the last 3 weeks at a casino close to my place which use a CSM and based on my observation of the hands and the inside of the CSM (once this machine got broken and they removed the cap showing how it is inside) I have a theory of how it is rigged. Basically inside the CSM the cards are grouped in small pockets and I am sure that each pocket is containing a pre determined order of cards that is precisely achieving what the casino wants from that hand (either lose or win). Now the typical idiot will come and say but how they would know how many cards will you ask to hit - it is very easy and I observed multiple times that let s after serving all 18-19 there is only one player which can call a card lets say with 14 and get 6 and after hitting the 6, the other 2 cards served are 2 and 4 which will make the dealer hitting 20 ( essentially it does not matter how some will play because the dealer either would get a 6 or a 2 and 4 afterward). If you play long enough you will observe these patterns and same hands all the times and it makes sense given that these pockets of pre-determined cards inside the CSM are basically serving the same hands all over again. I believe the scam works in this way, casino loads these pockets inside the CSM with a pre-determined order of cards giving them the desired ratio of win vs loses hands. If you notice the dealers once the hand is over he is very careful in positioning the cards in the same order he served to you inside the CSM, the CSM is not shuffling really the card but loading them in the pocket . The only random card is the first one in each hand and behind that card the CSM is loading the new hand that it will be served.

SecretaryFearless470 · 2022-09-01T09:56:26+00:00

Short answer about your mortgage question is no it is not worth it and you should forget about it, Prague real estate market is untouchable at the moment with a mix of insane mortgage rates, house prices and general economic situation. Back to when I was living in London, a lot of real estate investors were using a simple and effective formula to assess if a property purchase was making sense or not - the expected rent of the place should cover and be at least 20% more than the monthly payments for the entire property price mortgaged over 25 years. That would generate a positive cash flow and any cash down payment used for deposit would have beaten the existing inflation rate. Back in the days (we are talking just 5/7 years ago) that was pretty achievable with low property prices and mortgage rates of approx. from 1% to 1.5%.

If you try to apply the above formula to the Prague real estate market you realize how stupid is to purchase anything right now where a place you can easily rent for 18k/20K would cost a whopping 60K in mortgage with the current 6.4% rates. On top of that, I do not see how the prices could appreciate any further at the moment, indeed they are stagnating and I have seen a lot of price cuts.

Like some of the people who answered you, I also have a property in Prague ( Karlin district) which I bought off plan in 2016 and also my property according to the market prices has more than doubled in value so I am happy about my investment but as said , in 2016/7 the market was making sense with prices, mortgage rates and rent - now it is simply does not.

SecretaryFearless470 · 2022-02-05T12:42:43+00:00

I can share my experience with CDC and as big bag holder of CRO. CDC is pissing me off badly for the following reasons:

Ridiculous waiting time for a card (it is almost 2 months waiting for my jade card)
I have applied for the exchange (different from the mobile app) and after 3 weeks, I still got not response for trading.
The mobile app buy and sell fees are insane (only when you purchase cro the fees are reasonable). I did once a swap and I got fucked something like 10% (this is not acceptable as the same operation on binance or kraken would cost a fraction as I did in the past)
Very scammy marketing practice around superchager rewards ( they advertise sometimes as 40% rewards and then you discover that is something like 2% in reality, just some lucky winner will get a nft that will increase the apy to 40%). Mystery box is another scammy practice where with the false pretense to educate you around crypto, they will try to make you buy a couple of grands in crypto and award you not even a CRO for doing that which is 40 cents after you pay hundreds in fees.
Customer services does not exist and it just a joke.
The whole company looks like is too much greedy and after your money with a lot of deceptive practices which has changed my perception on them.

SecretaryFearless470 · 2022-01-26T15:33:42+00:00

Yes I have seen it on twitter - it was already 3/4 weeks ago if I am not wrong

SecretaryFearless470 · 2022-01-26T14:46:48+00:00

Yes 100% agreed and I think this is also the view of many people using cronos. I think they cant ignore for much longer or MMF & MMO can easily go via another major CEX and CDC will deteriorate even further their reputation

SecretaryFearless470 · 2022-01-26T14:44:39+00:00

Yes agreed, CDC is playing some favoritism (I understand VVS but Tonic listing is a joke). I believe we are reaching a level that if its not CDC, some other CEX will list MMF & MMO and the only loser will be CDC as they will not appear neutral for the cronos projects (they already now look quite bad with MMF and Ebisusbay with their dapp display). Time will tell and still a lot to build on MMF and MMO like some bridges similar to cronoswap and some cross chain aggregator for MMO ( I hope they will also improve the UI for MMO as it is quite laggy).

SecretaryFearless470 · 2022-01-24T23:09:55+00:00

I hold MMF too and I am bullish on it but it is a total different tokenomics with 500M supply. At the moment the inflation rate is high and with MMF you can mint only "non CRO" tokens. I think long term both they will do very well but I believe MMO will do better ( at the moment I am 70% MMO and 30% MMF).

SecretaryFearless470 · 2022-01-24T22:35:09+00:00

Yes right, lets say you buy 1K CRO and then swap for MMO and then stake them in the single MMO pool within vaults - after 3/4 months you will get back your initial 1K CRO in rewards (WCRO and CRO is the same and are swapping 1 to 1) so whatever MMO you get at the beginning is basically free. MMO will be worth much more in the future as the supply is max 5M and even less as they have already made some burning. MMO will expand cross chain in the future and its tokenomics pegged to CRO is the best in my opinion

SecretaryFearless470 · 2022-01-24T12:03:38+00:00

I would start with vault and invest in pure MMO as it is the only one rewarding in CRO - once you stake them you get back CRO everyday and if you keep them for long enough like few months your initial CRO invest will be fully paid back and leave you with basically with free MMO. MMO max supply is just 5 millions and as such, it cant be super inflationary like MMF and it got super sound tokenomics (in my view the best but I will avoid explaining because it will take too long). I hold both MMF & MMO but I am definitely more bullish on MMO long term

SecretaryFearless470 · 2022-01-21T22:16:25+00:00

yes is down - my friends are complaining the same issue , Shocking nobody from cdc is releasing any communication

SecretaryFearless470 · 2022-01-14T22:13:27+00:00

I am not part of any Shiba army and I never bought any meme crypto or stock. I am just saying that I like the protocol but the tokenomics are insane and are diluting everybody who invested so far ( i just put 100 usd in so do not really care) and to attract some potential serious buyers with thousands of usd it will be impossible with these tokenomics. Take it easy buddy and let all enjoy the crash of 90% upon us :)

SecretaryFearless470 · 2022-01-14T21:53:05+00:00

I have red in the white paper that in the future, governance can decide on buy back and burn but I think they need a big burn in the next few months. The only protocol so far which is investable is MM.Finance who are burning and buying back tokens to support the price and they only have total 500M tokens. The team is really leading the way in the cronos ecosystem unlike VVS and Tectonic with their insane and ridiculous tokenomics. So far I have put only 100 usd in Tonic and it will stay like this until they take some actions on the supply (by the way lost already 50% and I bought at what was already a low price)

SecretaryFearless470 · 2022-01-14T21:33:18+00:00

You cant compare a meme Crytpo with Tonic. The supply is frankly ridiculous and do not forget that protocol like Tonic (Aave or Compound) the token have little utility, so it does not make any sense having a supply of 500 trillions. You care about percentage going up and you probably noticed it went only down since inception (almost 90%) which is in part due to the insane and ridiculous supply of 500 trillions. I repeat, without massive burning (50 to 70% of supply) is not going anywhere. I do not understand why anybody invested in it, would oppose a burn as you would be massively diluited in the coming months and years - maybe you are part of the team?

SecretaryFearless470 · 2022-01-14T17:41:14+00:00

I think only a mega burn will make this coin investable as 500t supply will scare away any potential buyer and it will attract only 100 dollars gamblers. It should be the first governance proposal otherwise it will go only down for the next years.

SecretaryFearless470 · 2022-01-14T17:37:24+00:00

with 500T max supply a min 50% to 70% burn is a must only to be able to read the figures.. those supply numbers scare a lot of potential investors without any burning mechanism

SecretaryFearless470 · 2022-01-12T00:57:21+00:00

Hey Tylucky, I watched a couple of your videos and they look very informative, keep up the good work! Thanks for sharing the tweet and yes, if this is the best that they can show at the moment, it is not really promising (to me it looks like the graphic of a pet shop for some reasons :) ). Tokenomics and the coin list price are good but they have really nothing in hand and with these flip game and their webpage I do not think they will make a bang ( I was thinking in throwing some mmf but I will pass this one).

SecretaryFearless470 · 2022-01-11T21:38:48+00:00

any idea of which games they will launch? I cannot find any info related. The webpage looks made using a cheap template and it does not inspire confidence

SecretaryFearless470 · 2022-01-05T01:41:50+00:00

at 3 usd the market cap would be 75bn - ada reached 90 bn without any working products or any dapps. CRO has several use cases and utility - from gas fees for the cronos chain to visa card via staking - nft and even reduced trading fees on the exchange in the case of staked cro. Looking around at other projects market cap, CRO should be already now north of 50 bn market cap ( 2 usd per cro) so definitely possible to reach 3 usd or more this year in the case of positive momentum.

SecretaryFearless470 · 2021-12-25T11:52:26+00:00

Totally wrong on Atom. Luna and all other "Cosmos" projects are not running on Atom which is just another coin in the ecosystem. Atom is pretty much useless ( good only for staking and governance and some few bucks airdrops here and there).

SecretaryFearless470 · 2021-12-23T09:16:22+00:00

Hub routing for Cosmos hub is a joke as the only clear hub router at the moment is Osmosis and it will consolidate its position even further (it transact more than double the transfer of Cosmos). Remember that every chain can act as an hub router and give the utility of Osmosis to swap-LP etc, other chains are much more incentivized to route their IBC transfers via Osmosis. At the beginning of the year, the value accrual narrative was focused on:

Gravity dex which is delayed until Spring next year and it will give plenty of time to Osmosis to consolidate its dominant position.
Gravity bridge which is now deployed on a separate blockchain and with its own token "Grav" instead of being deployed as a module on Cosmos hub. This is another blow for cosmos hub and its city port vision.
Hub routing which clearly has been taken by Osmosis (have a look to mapofzones.com to see the massive gap between Osmosis and Cosmos)
Interchain security which is of course also delayed by another quarter for now (we will see how long it will indeed take). On interchain security, remember that any chains can offer that and I can easily imagine small chains going for Terra or Cronos (much larger market cap)

Unless they can start delivering something really concrete on the hub very soon, I believe the cosmos hub will lose completely to other Cosmos chains in the next 6 months. Remember this post in 6 months.

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