Forums > General Discussion   Shooting the breeze...

Just bought 1 bitcoin for AU $32K

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Created by myscreenname > 9 months ago, 14 Jun 2022
Carantoc
WA, 6890 posts
23 Mar 2023 6:44PM
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It is considered in-Australian to have tomato sauce with humble pie as opposed to BBQ sauce ?

Just asking for a friend.

myscreenname
1826 posts
24 Mar 2023 5:31AM
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Carantoc said..
It is considered in-Australian to have tomato sauce with humble pie as opposed to BBQ sauce ?

Just asking for a friend.


Pretty sure it's served cold and without any sauce.

A friend also asked me about winning a bet and what his expectations are on what losers should do.

I personally would want the losers to place stones in their shoes and listen to Rodriguez Sugarman on repeat for 14 hours, between 8am and 10pm one day.

Or failing that they should post video on Seabreeze general forum of them rimming their boss.

I don't know what is the fair and right thing to do.

Any advice for my friend?

myscreenname
1826 posts
11 Apr 2023 4:39PM
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James said..
Hey Sonny , where are ya !? Cheers , Poppa




James, where are you? Cheers, Sonny.

Have you got anything to add?

Just keeping thread alive until June 14. When I can proudly announce....

I TOLD YOU SO

Carantoc
WA, 6890 posts
1 May 2023 8:07AM
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Well.... into the home stretch.

Last full month to go.

... and things ain't looking good for some of us.

MSN, can those stones be small round pebbles from the beach or do you want them to be sharp rocks from the quarry ?

FormulaNova
WA, 14848 posts
1 May 2023 9:33AM
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What's that saying: "Markets can remain irrational longer than you can remain solvent".

(Why is this topic coming up as active when the last post was on the 11th of April??)

myscreenname
1826 posts
1 May 2023 10:10AM
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FormulaNova said..
What's that saying: "Markets can remain irrational longer than you can remain solvent".

(Why is this topic coming up as active when the last post was on the 11th of April??)

I just checked using incognito mode and there is some recent post from a rimmer wanting to apologise and asking if they can place round smooth pebbles or sharp gravel in their shoes.

Nothing to worry yourself over.

hitch_hiker
WA, 463 posts
4 May 2023 7:55AM
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hitch_hiker
WA, 463 posts
5 May 2023 3:18PM
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hitch_hiker
WA, 463 posts
14 May 2023 7:44PM
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hitch_hiker
WA, 463 posts
8 Jun 2023 10:54AM
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Carantoc
WA, 6890 posts
15 Jun 2023 8:24AM
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myscreenname said..
14 June 2022
On 14 June 2023 will I be up or down and why?


Yeaaaaaaaa

MSN wins.

Congratulations. Party time.

But at least some of us get pie for lunch.

Mr Milk
NSW, 3054 posts
15 Jun 2023 6:04PM
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ASX200 index opened at 6676 on 15/6/22
7161 on 15/6 23
So that's about a 7% return on capital, plus about another 6 or 7% dividends.
Looks like Bitcoin got about the same return

myscreenname
1826 posts
15 Jun 2023 5:26PM
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Interesting article today on abc regarding crypto regulation.

www.abc.net.au/news/2023-06-15/cryptocurrency-gambling-regulations-not-right-fit-says-expert/102439880

When the banking system collapses, let me know how you rimmers get on with your state issued CBDC.

hitch_hiker
WA, 463 posts
21 Jun 2023 7:26AM
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myscreenname
1826 posts
4 Jul 2023 10:03AM
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Mr Milk said..
ASX200 index opened at 6676 on 15/6/22
7161 on 15/6 23
So that's about a 7% return on capital, plus about another 6 or 7% dividends.
Looks like Bitcoin got about the same return


www.forbes.com/sites/jonathanponciano/2023/07/03/best-and-worst-investments-of-2023-bitcoin-and-tech-stocks-surge-as-oil-tumbles/

Bitcoin up more than 80% this year.

bjw
QLD, 3647 posts
4 Jul 2023 4:04PM
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hitch_hiker said..




Many of the big firms have back Points Bet, Sportsbet, Caesars Palace Casinos etc, but it doesn't make the use of their services solid investment advice.

myscreenname
1826 posts
24 Oct 2023 6:10AM
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Bitcoin up over 100% this year.

It's not too late, this latest bull run is just beginning.

Carantoc
WA, 6890 posts
24 Oct 2023 12:51PM
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Bitcoin.

I remember that. Wasn't it something to do with Tamagotchis or Cabbage Patch Dolls or them things you had to jump over on Donkey Kong on the Atari ?

Is it still around ? I'd assumed it had disappeared ages ago.

hilly
WA, 7436 posts
24 Oct 2023 2:12PM
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And after declaring the bitcoin profit to the ATO they paid their 39% tax of course

myscreenname
1826 posts
24 Oct 2023 2:34PM
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hilly said..
And after declaring the bitcoin profit to the ATO they paid their 39% tax of course

Nothing controversial there, it's no different to any other investment.

39% is a stretch. If you hold over a year, you get a 50% discount on gains, so depending on the tax bracket you are in, you pay between 0 and 25% tax on the gain. Do the maths!

Generally, the more tax you pay, the more money you make.

myscreenname
1826 posts
24 Oct 2023 4:55PM
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He does make some valid points. Bitcoin seems to have shot up wildly these past few weeks, which is out of proportion with rest of market.



This massive pump today could be due to World Kangaroo Day. Anyway, Americans will wake up in a few hours, looking forward to see what happens.

myscreenname
1826 posts
4 Dec 2023 4:44PM
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Bitcoin up almost 6% today.

Less than 18 months since I started this thread and all the 'non believers' said it was going to zero and the price follows the asx bla bla bla... What gives?

Price is now on the precipice of doubling in value. Unlike your asx shares, your stupid superannuation or your savings accounts

What are your thoughts now?

In hindsight, do you think I've been blessed with, a special gift from God, is it just incredible luck, or am I just way more intelligent than the average pillock on Seabreeze?

Discuss!

airsail
QLD, 1380 posts
4 Dec 2023 7:13PM
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myscreenname said..
Bitcoin up almost 6% today.

Less than 18 months since I started this thread and all the 'non believers' said it was going to zero and the price follows the asx bla bla bla... What gives?

Price is now on the precipice of doubling in value. Unlike your asx shares, your stupid superannuation or your savings accounts

What are your thoughts now?

In hindsight, do you think I've been blessed with, a special gift from God, is it just incredible luck, or am I just way more intelligent than the average pillock on Seabreeze?

Discuss!


At 58 I'm already a retired millionaire due to superannuation, I must be one of those pillocks. No interest in Bitcoin.

myscreenname
1826 posts
4 Dec 2023 5:29PM
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airsail said..
At 58 I'm already a retired millionaire due to superannuation, I must be one of those pillocks. No interest in Bitcoin.

Fair call and well done! You must have worked hard to get that million in your super account. How did your super perform in last 18 months - did you earn the standard 12% interest in the past 18 months?

With hindsight, and your obvious knowledge of all things related to finance, can you name one company/etf/sector/asset with a comparable market cap that has out performed Bitcoin in its short 14 year history.

I only want one?

myscreenname
1826 posts
5 Dec 2023 8:10PM
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myscreenname
1826 posts
6 Dec 2023 4:08AM
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Good morning BTC





Harrow
NSW, 4521 posts
6 Dec 2023 7:57AM
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myscreenname said..
Fair call and well done! You must have worked hard to get that million in your super account. How did your super perform in last 18 months - did you earn the standard 12% interest in the past 18 months?

With hindsight, and your obvious knowledge of all things related to finance, can you name one company/etf/sector/asset with a comparable market cap that has out performed Bitcoin in its short 14 year history.

I only want one?

My question is why did you only buy 1 bitcoin? You've made some money, but you could have made a lot of money if you'd bought 10 or 20.

myscreenname
1826 posts
6 Dec 2023 5:40AM
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Harrow said..
My question is why did you only buy 1 bitcoin? You've made some money, but you could have made a lot of money if you'd bought 10 or 20.

Hahaha, that's right. In many ways you always lose as a trader. The constant greed/fear dillema.

I've got much better trading crypto over time and I'll be taking some profits today.

Harrow
NSW, 4521 posts
6 Dec 2023 8:58AM
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myscreenname said..
Hahaha, that's right. In many ways you always lose as a trader. The constant greed/fear dillema.

I've got much better trading crypto over time and I'll be taking some profits today.

I'm wondering if it will move back into the repetitive UP 10% / DOWN 10% pattern that it had a while ago. I couldn't help but think that was a manipulation by someone that was squeezing the lemon again and again.

There must be an AI out there somewhere that will tell exactly what it's going to do now?

myscreenname
1826 posts
6 Dec 2023 7:14AM
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Harrow said..

I'm wondering if it will move back into the repetitive UP 10% / DOWN 10% pattern that it had a while ago. I couldn't help but think that was a manipulation by someone that was squeezing the lemon again and again.

There must be an AI out there somewhere that will tell exactly what it's going to do now?


SEC will be making a decision on the BlackRock etf before Jan 10. So there is plenty of speculation about that decision. Then later in year is the next BTC halving which has always created volatility. I think another all time high is coming.



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Forums > General Discussion   Shooting the breeze...


"Just bought 1 bitcoin for AU $32K" started by myscreenname