I moved to bangkok from USA after divorce in august of 2015. I had all my assets in a 401k there. I cashed out everything in January and will owe around $67,000 in taxes and early withdrawal penalties in 2018I have almost made that up in BTC gains already.
Reason I even considered BTC was because it was a good way to move money from USA to Thailand without bank transfers and all that bullshit. Bought in around $1100.
I've since diversified into ETH, STEEM, and PMs.
I took a huge risk cashing out my 401k but just wanted out of the system (before the crash) and to have liquidity. I am a very happy camper, assuming values stay where they are or go up. Worse case I have physical PMs if SHTF.
First post on steemit.
Smart move. It's difficult to go against crowd mentality. But you'll be fine. Never look back.
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Thanks for the support!
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Have you cashed in any bitcoin in Thailand?
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yes I use the BX.in.th exchange here. Very fluid. Big deposits of $250,000 direct to my thai bank account no problem.
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