Forums > General Discussion   Shooting the breeze...

Just bought 1 bitcoin for AU $32K

Reply
Created by myscreenname > 9 months ago, 14 Jun 2022
myscreenname
1983 posts
10 Oct 2024 8:33AM
Thumbs Up

Pedant

hitch_hiker
WA, 490 posts
11 Oct 2024 1:07PM
Thumbs Up




myscreenname
1983 posts
30 Oct 2024 7:43AM
Thumbs Up

Bitcoin just hit a new ATH. Seems to be about rising speculation on a Trump win.

Carantoc
WA, 6992 posts
30 Oct 2024 8:48AM
Thumbs Up

It does seem that bitcoin is worth about as much as you are intelligent.

hitch_hiker
WA, 490 posts
30 Oct 2024 9:22AM
Thumbs Up




Froth Goth
1020 posts
30 Oct 2024 2:21PM
Thumbs Up

Also the gme dorito has broken 1 minute til avocado is launched and the silly 9 milly is done in chwy and heading on home.

Initial pump incoming way to much option play for them not to Dump it tho so you'll be wanting to preset for 10 or 20% then get out while you can
Max pains 20 odd can't loose

myscreenname
1983 posts
12 Nov 2024 2:55AM
Thumbs Up

Select to expand quote
airsail said..
it's going to zero, just watch , maybe it will be worth a tulip.

Today my Bitcoin investment has gone four times since 14 June 2022. And this latest bull run is just getting started.

So that's a profit of just over $110 for every single day.

#ITOLDYOUSO

Froth Goth
1020 posts
12 Nov 2024 7:57AM
Thumbs Up

www.quiverquant.com/sec13f/tickerGME

600 +
100 milly :)





Problem with btc is its so perfect and not corrupt you can't watch the whales load up for a rugpull

FormulaNova
WA, 14911 posts
12 Nov 2024 6:13PM
Thumbs Up

Is it correct that Trump has suggested that the government will buy Bitcoin and have it in the reserve?

So much for Bitcoin not being able to be manipulated by the government. They could sell and buy it to change the price, just like any other currency.

myscreenname
1983 posts
12 Nov 2024 9:18PM
Thumbs Up

Select to expand quote
FormulaNova said..
Is it correct that Trump has suggested that the government will buy Bitcoin and have it in the reserve?

So much for Bitcoin not being able to be manipulated by the government. They could sell and buy it to change the price, just like any other currency.

No.

The U.S. currently holds just over 200,000 bitcoin worth around $15 billion, mostly seized from the closure of the Silk Road on the dark web making it the world's largest government holder of bitcoin, with China a close second.

Trump promised to make the U.S. the "crypto capital of the planet" and create a bitcoin strategic reserve using the bitcoin that the government holds.

Top 5 Countries holding Bitcoin
United States - 213,297 BTC
China - 190,000 BTC
United Kingdom - 61,000 BTC
El Salvador - 5,800 BTC
Ukraine - 186.18 BTC

There is strong speculation Trump will pardon founder of the Silk Road, Ross Ulbricht, who is serving double life sentences, without the possibility of parole.

polymarket.com/event/trump-pardons?tid=1731420551473

Froth Goth
1020 posts
14 Nov 2024 7:31PM
Thumbs Up

Trumps sacking gensler so theyre wont be much more can kicking all the mms been poop scooping and have now realised they dont have any other choice so have all bought into GME in the last week its gonna go for another run vanguard now owns more then the ceo and the cat

Toot toot all aboard

That reminds me gotto set half mine to sell at hmmm... 48us? Whatd it hit last time 70? I cant tell if theyre just gonna collectively loan em all out or if its actually gonna proper nuke

Froth Goth
1020 posts
15 Nov 2024 6:46AM
Thumbs Up

Dam it...

I think btc and gme are in a bull trap....

bjw
QLD, 3665 posts
20 Nov 2024 8:45AM
Thumbs Up

What's a bull trap?

myscreenname
1983 posts
22 Nov 2024 6:59PM
Thumbs Up

A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level.

www.investopedia.com/terms/b/bulltrap.asp

Froth Goth
1020 posts
23 Nov 2024 4:10AM
Thumbs Up

Cant find my bloody passport so i cant sell my bitcoin!! watched it dip from 99 back to 97 now shes back up but god damn! Need the $$ so i can buy a laptop so i can photoshop my friends fetus into a bucket of kfc (the new baby scanning imagery looks delicious)

japie
NSW, 7063 posts
24 Nov 2024 10:45AM
Thumbs Up

Bitcoin's appeal for many is because they realise that Bitcoin has the potential to destroy the century old ponzi scheme accepted by the majority:

x.com/newstart_2024/status/1860258269886849434?s=46&t=1GB2TIBB90HpGgoUCFAO5w

Carantoc
WA, 6992 posts
24 Nov 2024 2:23PM
Thumbs Up

So.....

its the currency of the sovereign citizen, free of central control and government interference, but...... you need a passport to sell it ?



myscreenname
1983 posts
24 Nov 2024 3:38PM
Thumbs Up

Select to expand quote
japie said..
Bitcoin's appeal for many is because they realise that Bitcoin has the potential to destroy the century old ponzi scheme accepted by the majority:

x.com/newstart_2024/status/1860258269886849434?s=46&t=1GB2TIBB90HpGgoUCFAO5w

It's an interesting thought, that I will put to all the seabreeze ecconomic 'experts', like airsail and FormulaNova who have experience in all matters financial. 1BTC can buy a lot of tulips.

Is BTC going up in value, or is the $US going down the drain?

remery
WA, 3381 posts
24 Nov 2024 4:47PM
Thumbs Up

I'm wondering what cause the AUD to be at parity with the US about 10 years ago. Of course that was the year I couldn't travel there. Perhaps it will happen again?

myusernam
QLD, 6149 posts
24 Nov 2024 7:06PM
Thumbs Up

Select to expand quote
myscreenname said..

airsail said..
it's going to zero, just watch , maybe it will be worth a tulip.


Today my Bitcoin investment has gone four times since 14 June 2022. And this latest bull run is just getting started.

So that's a profit of just over $110 for every single day.

#ITOLDYOUSO

Thats cool and all.but i would have fealt uneasy. Anyway if you had used that for a deposit and leveraged into an ip worth 500k you would have made more. And be on track to make more, and it would argueably be safer

myscreenname
1983 posts
24 Nov 2024 6:58PM
Thumbs Up

Select to expand quote
myusernam said..
Thats cool and all.but i would have fealt uneasy. Anyway if you had used that for a deposit and leveraged into an ip worth 500k you would have made more. And be on track to make more, and it would argueably be safer

For $500K I could have taken a loan to buy a 2br flat in Melbourne as an IP, which would now be worth less than what I would have paid for it.

myscreenname
1983 posts
24 Nov 2024 7:07PM
Thumbs Up

Select to expand quote
remery said..
I'm wondering what cause the AUD to be at parity with the US about 10 years ago. Of course that was the year I couldn't travel there. Perhaps it will happen again?

I did a road trip throughout California then. It was around the time of Occupy Wall St Protests. There were random 1% protests all over the state. I think it even spread to Australia before it suddenly fizzled out and didn't achieve anything.

I can't remember exactly why our dollar was so strong compared to the $US, but China was importing a lot of raw materials from us, particularly iron ore and prices were high.

myusernam
QLD, 6149 posts
24 Nov 2024 9:46PM
Thumbs Up

Select to expand quote
myscreenname said..



myusernam said..
Thats cool and all.but i would have fealt uneasy. Anyway if you had used that for a deposit and leveraged into an ip worth 500k you would have made more. And be on track to make more, and it would argueably be safer




For $500K I could have taken a loan to buy a 2br flat in Melbourne as an IP, which would now be worth less than what I would have paid for it.



Yeah but yr probably not a full retard. A cursory google would have pointed you to perth or townsville. Perth was a sure thing at that time. You would be up at least 250k net.
Perth considerably more. Yr bitcoin will go up and down on its trajectory upwards. Yr 500k house at mandurah would be worth what now?
And melbourne isnt far off if your time line is a bit longer. In fact you could have bought a second or third house in the first 6 months drawing back on the equity ,and have a bit over 2 million working for you. And it would cost u f.all out of pocket with the yields in those markets. Doesnt take much of a rise.with over 2m working for u to make yr bitcoin gains small. You can barely replace a house for 500k anymore (not including land) and with vacancy rates of 1% and a booming population the sleep at night factor is still better than having money in bitcoin imho. Not trying to be a prxck - u started the discussion.

myscreenname
1983 posts
24 Nov 2024 9:40PM
Thumbs Up

Select to expand quote
myusernam said..

Yeah but yr probably not a full retard. A cursory google would have pointed you to perth or townsville. Perth was a sure thing at that time. You would be up at least 250k net.
Perth considerably more. Yr bitcoin will go up and down on its trajectory upwards. Yr 500k house at mandurah would be worth what now?
And melbourne isnt far off if your time line is a bit longer. In fact you could have bought a second or third house in the first 6 months drawing back on the equity ,and have a bit over 2 million working for you. And it would cost u f.all out of pocket with the yields in those markets. Doesnt take much of a rise.with over 2m working for u to make yr bitcoin gains small. You can barely replace a house for 500k anymore (not including land) and with vacancy rates of 1% and a booming population the sleep at night factor is still better than having money in bitcoin imho. Not trying to be a prxck - u started the discussion.

Finding a 'sure thing' with hindsight is super easy. If I had it, I would have sold everything I own, taken out a 95% loan and bought Stellar Lumens tokens last month.

Why don't you put it out there and lets see where you are in two years time. With $32K, how much will you borrow, what interest rate and what 'sure thing' will you buy, start a thread and we can follow your progress.

Maybe you can also proudly announce to non believers, like me #ITOLDYOUSO

FormulaNova
WA, 14911 posts
25 Nov 2024 6:05AM
Thumbs Up

Select to expand quote
myscreenname said..

It's an interesting thought, that I will put to all the seabreeze ecconomic 'experts', like airsail and FormulaNova who have experience in all matters financial. 1BTC can buy a lot of tulips.

Is BTC going up in value, or is the $US going down the drain?


I hope your BTC are buying you happiness, but it seems it just makes you angrier. At some point you will realise that money helps but doesn't always mean happiness.

For the record, I have been surprised at how well bitcoin has done. I have never invested in it and probably never will.

One of the things you do in economics is study historical events and see what causes them. Part of this includes recognising that not everything follows the logical path that you think it does, and to then sit back and work out why something happened or happens. That helps you understand the future and try and predict things.

I remember thinking years ago 'if someone in a Jaycar store tells you about how he is going to make a fortune from Bitcoin' then maybe everyone thinks its a winner and it has no value. But, it seems that the way to make money from it is to ride the waves and sell off when it rises enough for you. Relying on lots of random people to invest in it that are just hoping for a windfall. But I would never have thought that would have worked, the same as I wouldn't have thought houses prices would keep rising when it seems irrational to me.

It is a worry when a thread on Bitcoin is one of the most popular threads, created by someone just to pump up bitcoin.

Ian K
WA, 4120 posts
25 Nov 2024 10:46AM
Thumbs Up

Select to expand quote
FormulaNova said..

myscreenname said..

It's an interesting thought, that I will put to all the seabreeze ecconomic 'experts', like airsail and FormulaNova who have experience in all matters financial. 1BTC can buy a lot of tulips.

Is BTC going up in value, or is the $US going down the drain?



I hope your BTC are buying you happiness, but it seems it just makes you angrier. At some point you will realise that money helps but doesn't always mean happiness.

For the record, I have been surprised at how well bitcoin has done. I have never invested in it and probably never will.

One of the things you do in economics is study historical events and see what causes them. Part of this includes recognising that not everything follows the logical path that you think it does, and to then sit back and work out why something happened or happens. That helps you understand the future and try and predict things.

I remember thinking years ago 'if someone in a Jaycar store tells you about how he is going to make a fortune from Bitcoin' then maybe everyone thinks its a winner and it has no value. But, it seems that the way to make money from it is to ride the waves and sell off when it rises enough for you. Relying on lots of random people to invest in it that are just hoping for a windfall. But I would never have thought that would have worked, the same as I wouldn't have thought houses prices would keep rising when it seems irrational to me.

It is a worry when a thread on Bitcoin is one of the most popular threads, created by someone just to pump up bitcoin.


I also thought bitcoin would die years ago. Is there consensus that the ups and downs are manipulated by big syndicates? If the average punter can be lucky enough to identify and surf their manipulations, maybe? Poker hasn't died, there are still pro card sharks out there I suppose. A clever bit of cryptography to come up with the idea and get it working, but it's got no more substance than a pack of cards.

myscreenname
1983 posts
25 Nov 2024 11:14AM
Thumbs Up

Select to expand quote
Ian K said..

I also thought bitcoin would die years ago. Is there consensus that the ups and downs are manipulated by big syndicates? If the average punter can be lucky enough to identify and surf their manipulations, maybe? Poker hasn't died, there are still pro card sharks out there I suppose. A clever bit of cryptography to come up with the idea and get it working, but it's got no more substance than a pack of cards.

I'd assume a decade ago the price would have been manipulated by whales every so often. But now it's a mainstream asset: number 7 of the world's most valuable assets. Whale manipulation would be increasingly difficult to orchestrate for any length of time. As for a clever bit of code to bring it all crashing down. I would think that would have happened by now.

companiesmarketcap.com/aud/assets-by-market-cap/

Ian K
WA, 4120 posts
25 Nov 2024 1:10PM
Thumbs Up

Select to expand quote
myscreenname said..

Ian K said..

I also thought bitcoin would die years ago. Is there consensus that the ups and downs are manipulated by big syndicates? If the average punter can be lucky enough to identify and surf their manipulations, maybe? Poker hasn't died, there are still pro card sharks out there I suppose. A clever bit of cryptography to come up with the idea and get it working, but it's got no more substance than a pack of cards.


I'd assume a decade ago the price would have been manipulated by whales every so often. But now it's a mainstream asset: number 7 of the world's most valuable assets. Whale manipulation would be increasingly difficult to orchestrate for any length of time. As for a clever bit of code to bring it all crashing down. I would think that would have happened by now.

companiesmarketcap.com/aud/assets-by-market-cap/


Wasn't saying a clever bit of code will bring it down. Was saying it was clever to start with. Mr Bitcoin had anticipated and closed any loopholes. You'd need to assemble number crunching power greater than all the miners put together to hack into the blockchain.

myscreenname
1983 posts
25 Nov 2024 1:56PM
Thumbs Up

Select to expand quote
Ian K said..

Wasn't saying a clever bit of code will bring it down. Was saying it was clever to start with. Mr Bitcoin had anticipated and closed any loopholes. You'd need to assemble number crunching power greater than all the miners put together to hack into the blockchain.


There is a threat to bitcoin from quantum computing in that it could likely be used to brute force the private key from the public one. But there are steps being taken now to make bitcoin quantum resistant.

bjw
QLD, 3665 posts
26 Nov 2024 6:32AM
Thumbs Up

If BTC (BTC/USD) is you're main currency, then your house is depreciating in value as you speak.

A BTC world is currency going up, assets value goes down. Just like WA 6 years ago.



Subscribe
Reply

Forums > General Discussion   Shooting the breeze...


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