A bit intricate, but you should be able to open a bank account in Estonia. They offer digital citizenship, so-called e-residency (https://www.e-resident.gov.ee/) and for 350€ you can open a company there. I reckon it should also be possible to open a bank account there over the internet once you got your citizenship e-card?
From a google search:
„ Yes, Estonia has a system that enables you to open a bank account without residency and as an e-resident, and you can start the process online. Generally speaking, it is often possible to open an account with only your passport - depending on the country of your origin and the bank you chose.“
(Source: https://www.b2bpay.co/how-open-bank-account-estonia)
Ok, so it seems i was too optimistic:
„ Upon registering a company in Estonia, you can apply for opening a bank account in Estonia, if you have partners in Estonia/employees living in Estonia/carry out activities in Estonia. If the intended activity of the company is not related to Estonia, you will not be able to open a bank account in Estonia. If you want to open an account with an Estonian bank, the company has to start its activities, in full or in part, on the territory of Estonia“
(source: https://www.estonia-company.ee/management-of-bank-accounts-v...)
Where can I learn more about the concepts you mentioned? I find it quite hard to acquire knowledge in that area as I don‘t even get to formulate the right questions.
This said, I would be very much interested in an introduction to different (simple) trading strategies with examples - does anyone know some introductory text to those?
Yeah. I am practicing old skool trend following, yet would be interested in the same topic.
Sadly, I believe there is no silver bullet for that, the blow-ups seem to be rather chaotic, at least on the short to midterm basis.
Whereas for mid- to longterm trends, this usually correlates somehow with the technical „backup“ or substance that is provided for a given project:
- does the project have a clear vision?
- does the project have its own technical platform (its own blockchain for instance)?
- how innovative is the project?
Projects like Ethereum, Cardano and Polkadot for instance do have a higher probability (!) to grow in my opinion, as they have significant technical knowledge and expertise under their belt.
Well, there is a lot to unpack here. I am in the same boat (german dev, more than 25 years of coding experience).
First of all, feeling down because you „never ever get it“ to run a business is quite revealing in itself: why do you define your value as a human being by your success to build up and run a business? This thinking in itself, that you are only „valuable“ if you achieve a self-defined goal is questionable.
But since websites like HN project the illusion that everyone who can code can turn this into a successfull business, it is understandable that you may get the impression to miss something or not to be adequate or as clever as everyone else. Yet this is an illusion in my opinion.
Also, you call yourself a hacker and seem to be passionate about technology - this is a totally different skillset than the one needed to run a business, where other priorities are to be set: when you run a business, you‘ll need to focus on your customers and their needs, provide support and sustain or even grow your business.
This is something completely different than being technically proficient. You have to ask yourself if you really want to do that (to take care of nagging customers, to have to deal with stupid shit like business taxes and hires, take on additional responsabilities, or to work on a single technological topic exclusively for years to come and thus have less time to code or learn about new technologies).
It dawned on me quite early that if you like an acitivity (like coding), the encouraged way of society is to build a business around it which turns you effectively into a manager, thus alienating you from the original activity you signed up for.
It seems as if someone is good at something, the „natural way“ is not to accomodate your life to do more of it, but to build a business around it in order to get rich. The goal of the operation however has slipped here, from enjoying an activity to creating money.
But don‘t do more of what you like, but usually become a facilitator to create more money, having to deal with topics you would have never considered in the first place.
This is not what I signed up for (to do more of what I like, namely to code).
„L‘art pour l‘art“ would be my motto. I am not in it for the money (although I need to be able to sustain myself), but for the ride it provides:
I am always wondering how these data nomads are actually sustaining themselves. As a freelancer, I had quite some hard time to find paying gigs, not to mention that most of the time I was asked to work on premise.
This said, I do not claim to be the smartest guy when it comes to business, nor to development…
In my experience most of the "travel blogger" industry is fake in that they project a self-sustainable journey when in reality they have a lot of money to lean on or they peddle "exposure" to smaller establishments that comp their stay.
Very few people actually do the couchsurfing or couponing style because to most people that approach is miserable and/or dangerous.
I have personally met dozens, maybe a hundred, people that have traveled around on a budget. CouchSurfing especially used to be filled with some really interesting people. (No idea if it still is, but my impression is that it's become more of a dating site.)
I find people expect to have both a career lifestyle and remote lifestyle at the same time, but it is much easier to find the edge case employers and jobs and expect some level of disconnect from the rat race. That's the whole point right?
There are thousands of small businesses who need a developer/digital rousabout. I am talking 5-20 employees.
You make your life far more complicated if you try to freelance many clients, as it can be difficult to organise everything and be available at all the right times. Possible obviously, but why not save yourself the hassle amd just manage some small businesses ecomm website or something, and go enjoy your time abroad.
There are plenty of unsexy remote jobs, especially in customer service. You won't make more than $35,000 a year, but that's enough to survive virtually anywhere.
I could afford it because I had pre-existing relationships with the businesses I worked for (as a writer, not a developer). While technically freelance, I didn’t have to worry about finding work while I travelled.
If you can, it’s probably easier to go remote with an established income than quit and start from scratch while travelling. Otherwise you will spend a lot of time hustling to get clients.
I tried this out when I took a year break to travel. I got gigs from Upwork easily. I was able to limit myself to 10 hours a week and it paid for my travels.
What I found was that there are all kind of companies out there looking for all sorts of helps, you just have to be proactive with outreach.
