You might not know you can buy an NHS prescription prepayment voucher for £30 for 3 months. This gives you unlimited an number of items. If you have to buy more than one item per month, this will work out considerably cheaper for you. (573 points, 132 comments)
Can the IT brigade on this sub please stop dishing out "learn programming" as a solution to every job problem? (1081 points, 310 comments)
How can people afford new cars like Range Rover which cost £50k+ by so many people on what looks like normal salaries? How are they able to afford such expensive cars? (312 points, 469 comments)
What is the most effective advice you have received on progressing in your career? E.g. Going up the ladder in roles and pay? (141 points, 193 comments)
Fed up of London estate agents and property developers/maintainers playing games on hard-working home buyers. Why isn't there any scrutiny on these lot on how they do business? (128 points, 43 comments)
What are the best villages/towns/cities to live in for a decent work-life balance from your personal experience? (126 points, 175 comments)
What is the future of work in your opinion? How do you see employment changing over the next 5, 10, 15, 20 years? (112 points, 123 comments)
What Car do you drive? How much did you buy it for and what is the monthly/yearly running cost? (98 points, 392 comments)
Does anyone feel a sense of unfairness when they see "cash in hand" business people in everyday life dodging taxes? I feel like I am working my ass off to see my income get taxed heavily while others are getting away with it. (90 points, 189 comments)
761 points: cobblers's comment in What's the most insane, crazy or financially illiterate move that someone you know has done?
744 points: TMillo's comment in GF of 10 years and I broke up, what do about house..
742 points: bang723's comment in So this is why you shouldn't invest the whole of your emergency fund.
740 points: Yid's comment in Me (M20) and my girlfriend (F20) booked a holiday to Paris in Dec. We broke up
719 points: unbrokenbg's comment in Any tips on any quick loan companies to borrow £40 for a short time with low interest?
698 points: frequent__nomad's comment in Only 2.2 million in the UK were subscribed to a stocks and shares ISA account. Why is this so low? Isn't this sector something most of us should know something about? Shouldn't it be as common as a bank account?
Some great news has evidently stirred up our community. Crypterium is launching the US office in Silicon Valley with Lufthansa executive in charge!
This is the best tl;dr I could make, original reduced by 65%. (I'm a bot)
Crypterium is making a huge step forward and taking its place among the most innovative firms based in global high tech epicentre - Silicon Valley. We are glad to introduce the opening of Crypterium office there. The United States is not only the region where more than a third of Crypterium token holders are based but also it is one of the most important markets for the development of the world's first cryptobank. Secondly, the US market is one of the largest markets in the world. To have an in-depth understanding of local market needs, Crypterium is coming to Silicon Valley, the most significant technology centre in the world that is famous for an extraordinarily high concentration of the disruptive innovators. Crypterium expects to expand its user base in the US through the building of new valuable connections and establishing partnerships with American banks.
A mate of mine is a real estate agent in Balwyn – the epicentre of Chinese investment in Melbourne property. He tells some interesting stories. The new restrictions are really having an effect. One Chinese buyer had to go to extraordinary lengths to settle on a property last week. Apparently they used to be able to get lots of people in China to transfer $50k each to a single bank account here in Australia ($50k was the max you could transfer out in 3 or 6 months or something from a Chinese bank account). Now China is also tracking the account receiving the money – the same overseas account cannot receive more than $50k from Chinese accounts. Anyway, the Chinese buyer tried the ‘old’ approach and was rung by the Bank of China advising her that the attempted money transfers were illegal. The buyer needed about $2m. What they ended up doing was flying their whole family out (10+ people) to all set up bank accounts here in Australia. The flights would have cost of fortune. Plus they contacted people they knew in Australia to help out. They then used multiple accounts in China to transfer to multiple accounts in Australia, before putting the money into a single account in Australia. So it’s much harder to get money out – but still possible. Has to stop some buyers, at least. More generally my mate tells me that expressions of interest are down, there are fewer Chinese turning up to open for inspections, etc – all in the past 2 or so weeks. Will be interesting to see what happens when the ATO steps up later this year.
It interests me to consider: does Bitcoin help the person in this case? It doesn't make the transfer any less illegal to the CCP, but let's put that to one side for the moment. Consider that a $2 million dollar (this is AUD not USD so it's actually 30% less but let's pretend it's $2m for simpler numbers) buy would be about 10K BTC. Given that there are multiple fairly big exchanges and a lot of USD and RMB liquidity, I guess you could buy this fairly quickly, but once the market gets wind of such a big buyer the offers will start disappearing rapidly. In other words, you might get a lot of slippage on price and might end up paying a few percent more than the starting price. (Doing a special deal with a miner might make some sense, but that would be seriously hard if not impossible). Then consider liquidating into AUD. Much less AUD liquidity of course, but you could liquidate into USD and transfer to an arbitrary international account; after all, a wire transfer fee into Australia is basically zero compared to everything else discussed here. Another problem might crop up there: wire transfers of $2m into a new account could create AML/KYC flags, at the Bitcoin exchange, and at the one or two bank accounts involved. Add to that the general volatility risk of the Bitcoin exchange rate; it's more of a risk than a certain cost, but if BTC moves against fiat by more than 5% in all this, it could be quite a big hit. Compare all that to the cost of flying 15 people to and from Australia and doing it that way. I would ballpark that at $40K (also huge hassle, which is not so quantifiable), even imagining you can find that many people amongst friends and family that can do this for you. Overall? I doubt the person involved even considered Bitcoin, but on balance I think they would still go with the flights approach, because the limitations/costs of it are more certain. But, I see scenarios which would skew it more in Bitcoin's favour:
Increased govt. crackdown; if they start checking and investigating more, it's going to be more and more difficult to do it the "normal" way. But this could cut both ways; depending on what kind of crackdown we're talking about, Bitcoin might be a lot harder to acquire.
Increased Bitcoin liquidity; Bitcoin's price and daily exchange volume need to be much higher for these kinds of transactions to be doable without worrying about price slippage. That would only leave the volatility concern, which is still larger than normal Forex but is getting smaller.
The obvious: wider ownership/acceptance of Bitcoin always helps incrementally - the buyer already owns BTC, the home seller accepts BTC, you have a friend with BTC already etc. etc.
Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action.. The country’s largest city, Zurich, set up its first bitcoin ATM four years ago, while the Swiss national rail company has since 2016 provided the possibility of purchasing the virtual currency at over ... News that India will become the next major epicentre for Bitcoin spread fast and many Indians who were previously sceptical saw the doubling and trebling happen in front of their eyes. This made them want a piece of the action. With a failing stock market and the lifting of the ban, it was only natural to dump one in favour of the other. Epicenter is the OG of crypto podcasts, making sense of cryptocurrencies and blockchain since before they were cool. Through interviews with founders and buidlers, we explore the technical, economic and social implications of this game-changing industry. Skip to content. Cryptocurrencies. BUY CRYPTOCURRENCY; Buy Bitcoin; Buy Bitcoin UK; Buy Bitcoin with PayPal Blockchain news: Britain to become global 'EPICENTRE' of Bitcoin's technology, blockchain BRITAIN has the potential to become the global ’epicentre’ of blockchain firms if the country seizes the opportunities presented by the technology that underpins bitcoin, a newly-launched advisory group has insisted. Read More
WHO says Europe new coronavirus pandemic epicentre as global covid-19 death toll passes 5,000 - Duration: 29:58. Channel 4 News Recommended for you. New; 29:58 . Bitcoin: Beyond The Bubble - Full ... Bitcoin mining epicenter found in rural Wenatchee, Washington Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle ... #JOHNKELVIN #Cryptocurrency #bitcoin Taking a look at the BTCUSD, ETHUSD, LTCUSD and EOSUSD current price level. Possible bullish move to the upside only when price close above the fluctuation ... Epicenter is a podcast which takes you to heart of perhaps the most important technological revolution of our time, the rise of decentralized technologies. A... Bitcoin Rockets Past $14,000 Astonishing Everyone The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time ...