Would You Liquidate Your Crypto Assets To Migrate?
Globally life is becoming more about going where you are treated better, when I say "better" I mean security in terms of safety, less crime rate, efficient service delivery, and a less corrupt society even though there will always be corrupt practices one way or the other, conducive working conditions amongst other factors one would wish for when compared to our respective current place of residence and of course, a friendly cryptocurrency nation will be better.
I mentioned conducive working conditions above, the reason being it is an aspect that is currently affecting me the most. Being a Radio Frequency (Telecommunication) Technician, the last five years have developed into unfavorable working terms and conditions since the Chinese (Huawei) took over as the leading Telecom infrastructure provider in South Africa. The conditions in place have caused some subcontractors to liquidate due to late payment from Huawei, till date am I owed $1373 for projects I completed over a year for one and the other ten months ago. For me, Telecoms is no longer worth a career holding onto in SA which has got me seeking opportunities overseas.
Job opportunities overseas don't come easy either there is a cost involved. This brings me to the question, would you be willing to liquidate your cryptocurrency assets should you be in a similar situation to me?
To answer the question it might help to look at the top 10 countries of choice for work.
Above is data complied by BCG, 2020 shows Canada ranked the first over the States. Australia, Canada, and New Zealand have always interested me, for some reason am just not keen on Europe or the States.
It is interesting seeing Japan in sixth place, there must be some good reason economic reason for that.
Back to the question, and from the above data we could be looking at +- $10 000 to migrate to any of these countries should a job opportunity arise. For someone like me who does not have such an amount of money lying around, the only place to look at is my cryptocurrency holdings which if I have to answer the question. I won't liquidate my assets for migrating because firstly am trying to exit the rat race so liquidating my assets to go embark on a rat race in another country isn't a bright idea for me unless I have to fund my travel expenses with maximum 30% of my investments, that way the chances of catching up if I ever will is better.
Migrating is not easy, from experience things might not go as planned, and when that happens life becomes tougher than if one had remained home finding ways for better-living things can get a lot better as well so it is an unknown situation one can't entirely be sure until the move is made.
Another factor could be the cost of living, reality sets in when these factors are considered which makes me very hopeful about digital network states.
We owe it to ourselves to make Hive great
Image by @doze
Posted Using LeoFinance Beta
https://twitter.com/177158254/status/1582012477512253441
The rewards earned on this comment will go directly to the people( @joetunex ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
What a great question and thoughts. I changed countries 5 times so far. Number 6 still coming up, what takes longer than expected. As you already say, things can happen along the way especially delays. (Some still covid related backlogs)
I would not liquidate all of my assets. Maybe just a certain percentage.
Have you looked into companies in other countries that would relocate you? Sometimes there is a great package for moving. Including shipping belongings, plane tickets or part of it. And doing the visa, paperwork for you. Or offer help to do so. Etc.
We are relocated 2 times with a company now to another country. This next big move will also be a company relocation.
We wouldn’t mind paying some our selves to speed up the process… or to change countries. Depends on the company you find.
There are ways that you don’t need to loose all of your savings/ assets.
I did move alone from the Netherlands to Spain in 2015 on a budget, it can be done for many countries.
I sooo understand your position. We have outgrown Spain. So we move on.
Hope you find what would work best for you Joe 🤞🏻🍀
Happy to chat a bit more about it.
Posted Using LeoFinance Beta
Actually no, maybe that could be a starting point, I have often looked at it from me financing the relocating, and it will be great if I could find a company that could finance 60-70% of my relocating expenses.
It sounds a lot easier with the company able to assist like in your case.
I sooo understand your position. We have outgrown Spain. So we move on.
I feel the same with South Africa, I've had enough of the place now and would embrace an opportunity like in your case, company assistance, other than that I wouldn't liquidate my entire asset lol.
Thank you, Jackie, so on average how much are we looking at to migrate it might depend from country to country though.
!PIZZA
Posted Using LeoFinance Beta
See, good I saw your post. There are opportunities out there. Even companies relocating people 100% of the cost. It just depends on the company. And rules in their country.
I know the cost have gone up, like everything else. So a shipping container that is 20 m3 large used to cost around 5000 dollars from Europe to the US is now closer to the 8000 dollars mark. It also depends if it even makes sense to take belongings like furniture etc. sometimes just personal things/ memories and clothes are better. As the cost of shipping is more than getting new on the other side.
You see, so many things you have to look at.
It does sound easy, but in our case… working for a long time for that company does pay off. But I know from friends and hear on the internet, there are companies out there that do help you for a large bit, just to come work for them.
Easiest at the moment and a good future. I would look into Canada. 😎🤓
The cost… it depends on a lot of things. In my case the cost was from as low as 1200 euros all the way to 7000 euros. The lower amount I payed for my move. The higher one, company paid for that move.
You have to figure a country out first. What work do you want to do or what work is available…
Than find a company and talk to them and their relocation lawyers.
Than move 😉 it isn’t that simple of course. But start with, where would you like to be?
I’m here to talk and give you my experiences of course. 😉🤓
Posted Using LeoFinance Beta
I won't be moving my furniture, I will get rid of them by selling them lol.
The idea sounds hopeful now that you are sharing your experience, it makes sense to pick the country and my kind of job and then take the hunt from there.
Many thanks to Jackie for this free experience you are sharing with me, on a serious note an ex-colleague was charging me some amount of money can't recall the amount now but I can check my WhatsApp to share his experience with me now that he is in Ireland, so I just let him be.
Posted Using LeoFinance Beta
Good to hear. We are selling almost all furniture too. So this move will be lighter than all the others.
A new start in everything is sometimes good 😉😎
Keep me updated on your thoughts and findings. Happy to brainstorm and see what happens where you end up.
Are you kidding me… he is charging you money to share his experience… nope, not done. Crazy… but I know those people are out there.
In my experience, you can find almost all information you need on the internet. From moving abroad, specifics of all countries, all the way to visa and what is needed in each country. Don’t fall into the trap of paying money for that info.
Always here and happy to help you Joe 🤓😊
You are so welcome… anytime.
Posted Using LeoFinance Beta
Will do that Jackie, I appreciate this.
Yeah true, it is crazy how some seize the slightest opportunity to take advantage of others.
Posted Using LeoFinance Beta
Great Joe 😊👋🏻 Anytime.
I know… sigh.
Enjoy your evening further 😎
Posted Using LeoFinance Beta
Enough your evening as well Jackie.🙂🤗
Posted Using LeoFinance Beta
Did and will do further… thanks Joe 👋🏻😊
Good night.
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
hmm... If the milestones of the plan are all in place and the risk is low, then maybe. But in your case, I would work out the details a little more and adapt them to your individual needs. Of the countries in the chart, not a single one is appealing to me and I have similar interests in terms of career path, individual liberties and public security as you have.
As things are right now, I wouldn't even go to Switzerland or New Zealand. The Swiss are too interdependent with the EU, which is trapped in an accelerating downwards spiral while there are increasing domestic frictions politically in Switzerland. New Zealand would be the only relatively good choice as they have several billionaires on their guest list. The downside of New Zealand is PM Arden, who seems eager to overtake Trudeau's Canada in turning a paradise needlessly into a shithole.
The other countries are all unacceptable in their current state and trajectory (after all, as expat you have a perspective of at least 3 years in your destination country):
Bottom line: The big names aren't what they seem anymore, especially for the next half decade. I would recommend you to look for niche players. But even among them, things look bleak. Normally, I point to Norway as the only European safe haven left, but as soon as the war between NATO and Russia goes hot, they will be fucked. Maybe Dubai, Oman or Chile could be something for you. George Gammon speaks well of Columbia (esp. Medellin).
Isn't there some back to the roots Boer colony somewhere in the middle of nowhere in South Africa? How about you ask them if they need a telco technician. (Unless, you're colored. Not sure, if they'd accept you there...)
The EU based on Russia's invasion of Ukraine, Europe looks destabilized at present so that region is of no interest to me, and like you mentioned which is quite enlightening, UK (Ireland, Wales, England) I will have to opt for the should the opportunity arise another thing am not keen on is non-English speaking countries am in no mood to learn a language now.
I am looking at neighboring Namibia or Botswana, but nothing has come up yet.
You mentioned Chile or Columbia, those I wouldn't mind, I will stay away from Dubai.
Lol, this one got me laughing, am not colored, am African. I've worked with some of them, but as it stands, they are feeling the heat with one shutting down completely earlier in the year.
Many thanks for your input, much appreciated.
!PIZZA
Posted Using LeoFinance Beta
Gov'ts of UK & Ireland are all woke and insane, the latter is also 100% depending on the EU. I'd write them off as well...
There's always Belize:-)
Judging by the numbers (and minus HIV), Botswana seems like a good place. Not sure though about Namibia. Countries insisting on financial justice for historic stuff are suspicious to me.
What about Rwanda? I've come across a couple of Youtubers who are full of praise for the country and the imagery looks really nice.
Kind of scary: When even this kind of people fail in building a community from scratch, how would the average person these days fare with such a task?
I haven't paid much attention to Rwanda, but it's being talked about recently, probably it deserves looking into.
It is really scary though the state of Telecoms in SA is less encouraging.
Posted Using LeoFinance Beta
PIZZA Holders sent $PIZZA tips in this post's comments:
joetunex tipped jfang003 (x1)
@joetunex(5/10) tipped @enison1 (x1)
joetunex tipped littlebee4 (x1)
joetunex tipped fulda-gap (x1)
Please vote for pizza.witness!
It is one those decisions I have faced this year but I choose remain and keep build, better opportunities will come in the future when the crypto market is booming
Posted Using LeoFinance Beta
It is probably a good decision you made, migrating requires thorough planning, make the move when you are fully ready.
!PIZZA
Posted Using LeoFinance Beta
Answering the questions will first require some deep thinking. I think I'll first look at how dire the situation is in my home country and where things are heading in the coming years. If things don't look overly optimistic, I wouldn't mind liquidating half of my crypto assets and make the move. If half of it isn't enough, I'll make it a priority in the coming months or years to have enough funds to make the journey.
For me time is of the essence and experience has thought me that there's hardly a right time for things and waiting on things to get better is always a 50/50 chance.
You made a good point about time, the opportunities we fail to take now might be gone forever.
It takes time for our crypto assets to mature to the stages they are now, so does it require time to migrate and settle, so a topic like this calls for thorough deliberation.
Posted Using LeoFinance Beta
Well said! Everything has to be weighted against time.
Well, I won't do it, you've said it all, 10,000$ is no mean feat and unless I have such money, I can only look to a smaller portion of my crypto to get things done. However, I'm not in a haste because what's worth doing is not worth losing everything for.
That is the point for me as well, my assets have taken time to build them, and liquidating all isn't an option I will opt for, but rather some percentage of it.
Posted Using LeoFinance Beta
Honestly, its quite difficult to answer as of the moment. Because there are lots of if's and but's attained to this movement. Technically as of this bear season I can answer what could be e necessary step for myself.
If I ever get the opportunity to go abroad as of this moment for a better life I would first see what would be the outcome from my decision. For starters I would see what would be my income at the end of the month. If it wise enough and if there's plenty to DIVE it back into crypto since we are in bears I would probably give it a go. But like I said since we are in bears I might take that chance. But coming to the point I would dare not liquidate all my assets because I know how it feels when market gets back up and I just have to be the spectator. Not really a pleasant feeling to have!
Coming from the place where I come from it would take a lot of time to get where I want to be. An improvement in the environment would be real life. But not for the sake of my future freedom.
I want crypto to be in my portfolio and I am sticking with it till I live ;)
Lol it is not going to feel good having to watch from the sidelines when the bull market arrives and crypto assets were liquidated.
So far most of us won't be liquidating our entire portfolio which is what I don't see myself doing.
It is a tough decision that calls for good timing as well and like you mentioned with everything considered with good offer then it is worth making the move.
Thank you for your input. 🙂
Posted Using LeoFinance Beta
It depends on where you live but I don't think I would right now. Maybe when my savings is large enough, I might move somewhere to have a lower living cost but I am content with my life right now. Moving to a new country will bring a lot of uncertainty.
Posted Using LeoFinance Beta
The cost of living can't be ignored in this case you might end up moving to a place with a higher cost of living which might not be worth it just another factor worth considering.
!PIZZA
Posted Using LeoFinance Beta
Depending on the severity of the situation in my country, yeah I would be comfy selling 50%. We make money so we can give ourselves a better life. If relocating will do me that then I’ll gladly pay for it and buy my cryptos back down the line.
Posted Using LeoFinance Beta
The situation in Nigeria can warrant the move to fund one's migrating expense with 50% of one's portfolio. With all plans thoroughly executed it should be a better move I think, it was a move I took back in 2008, so I can relate.
!PIZZA
Posted Using LeoFinance Beta