Quote:
Originally Posted by Deskisamess
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But he is probably right though (I haven't checked). In the Netherlands one of our big chains does a "No VAT" once a year for some items such as TV's. As the VAT is 21%, many people go like: "Yay! 21% off! Now I can get that €1000 TV for €790!"
Then they get to the store and the price happens to be €826,45.
Oops. And they don't understand.
The reason is that the price in store, including the VAT, is 121%, not 100%. (Because VAT is _added_ on top of the 100% price the store wants to make.) So to calculate the price without VAT is (price / 121 * 100), not (price / 100 * 79), which would be correct if you did get 21% off the "including VAT" price.
So the No Vat sale gives you 17.36% off of the regular "including VAT" price, not 21%.
Stuff's tricky sometimes, and can easily trip up people for a significant amount of money.
Quote:
Originally Posted by Quoth
Fortunately nothing anywhere is made from bitcoin or any other cryptocurrency.
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Quote:
Originally Posted by ZodWallop
I have a friend that has heavily partaken the Crypto Kool-aid. I worry about the wisdom of his decision, watching crypto prices fall.
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One of my friends once asked me if I knew something about crypto, and if I didn't, if I knew someone who could help him to get set up.
I told him I had a former colleague who was very knowledgeable in this regard. He would be able to get that guy into crypto currency no problem... and then get him into debt restructuring and how to get deferred payment from the energy company as a follow-up, as he was very knowledgeable about that as well.
The real kicker is that I wasn't even lying.
IMHO, crypto is like a pyramid game: only profitable for the people who get in very, very early. (And even if you have lots of crypto, you'll also have to sell them somehow because you can't buy anything with it; at least not in the Netherlands.)