- Nov 17, 2004
- Reaction score
Been saying this for years - NO PRE-ORDER!! NO DEPOSIT!! on Carousell.
Nope. Nothing wrong with taking risks.
It could have gone the other way.
It worked for me. I pre-ordered 12 in carou and 6 from madcow, knowing the risks. If the fellow don't deliver, he would be in jail anyways. I paid 50% deposit.
Anyways if he is ok risking 2.3k like that, chances are it is not that big an amount to him. As he said, won't die from it.
It seems these days more people willing to go to jail to try these scams. In 2017, it wasn't like that. That's a kamikaze move btw.
High risk high return move.
Anywhere or anyway to buy a gpu at proper retail price now? Don't mind waiting.
yes its a good attribute to take risks but need to establish the source is reliable, n he fell into carousell trap of making an upfront payment.
this is silly not risk taking.
"Proper retail price" is currently not possible since even manufacturers are raising the prices themselves.
Can look at shopee. There are placeholder listings there for preorder. Do some research and only go for those listings that have actual physical shops(eg at SLS) here. The prices are lower(but still inflated) but you could be looking at a lead time as long as half a year or more depending on how many are in the queue.
Altenatively, constantly look at amazon or sign up for the shuffle lottery at newegg. The latter is the closest you will get to MSRP HOWEVER, they are usually sold as a "bundle" so you have to buy mobo and psu as well even if you don't need them so that will translate to higher cost and shipping.
It is risk taking.
U are just so risk averse that u can't understand it.
I suppose sinkies are risk averse.
If u had placed orders for 3080 from people like madcow back then, they will deliver it to like 4-8 weeks later.
By then your 1.4-1.8k sgd gpu is worth 2.4-3.4k sgd.
U make 1k, about 70% for no good reason if u flip.
The key is that u lock in the order at a lower price and when u receice the GPU, it has gone up in price due to shortage.
Back then in 2017, I flip 12GPUs and make nearly 50% lol. Small profit for fun la.
im alright to take risk but upfront payment only to someone i know or im confident with..
i rather take my bet on bitcoins on upfront payment with saxos or alike than paying a upfront payment on a carousell seller.
risks hv to be weighed n but with weighing, it doesnt mean risk adverse… it means street smart.
Wats the difference.
Both is risk and reward.
Bitcoin is even more risky. Yeah u probably can't lose 100% of your money but so wat, can go down 40% in a week lol.
If u trade options, u will realize that some options expire at no value...but if it works out, u get huge gains.
Same as sg pools wat. Win or lose all at times.
bitcoin is a bet, win or lose its a fair game.
if i trade i will make sure counterparty has a basic credential, not like a letter of credit or bankers guarantee in the form of international trade i am doing but it has to be some form to this.
without such assurance its just a roll of dice in the casino, not a calculated risk.
and so do stocks.
Same with this as the possibility of the guy running with the pre-order exist and u get nothing.
If u get the gpu, almost certainly good profits lol.
No different from counterparty risk when loaning money out, etc. There can be bad debts.
if its a calculated risk then TS would not be a crybaby now,
if he is not silly then he should hv a $5 print out of the company acra detail n demand one of the company’s directors to acknowledge such a deal.
then make sure he pays to the company bank account.
if he failed to do these two things, then he has not calculated any risk, he is just plain stupid.
the crux is not whether 2.3k matters to him.
its abt due diligence that he failed to realise.
thats my basic understanding of what stupidity is all abt..