Non Footy Chat Thread II

[Gary Gutful]

I’m a big noter but not a dickhead.

Yeah. If I was you I wouldn’t have answered me either.

Glad you’ve made it work for you. I respect that. As I’ve said before I’m less inclined to take risks with my money. Even well calculated ones like you’ve taken.

 

[Avenger]

Make sure you advise us when to sell otherwise your advice is useless.

Make sure you advise me when you have bought first otherwise your request is irrelevant.

 

[Avenger]

Yeah. If I was you I wouldn’t have answered me either.

Glad you’ve made it work for you. I respect that. As I’ve said before I’m less inclined to take risks with my money. Even well calculated ones like you’ve taken.

Thanks Gaz. To answer your question, my intention has always been to help out the kids when the time comes. I've already looked after them with their education, cars and holidays. They are ok for now.

And the intention is never to convert it to fiat currency. The intention is to use it as currency when the whole world finally realises it's king or equity to obtain property/assets. Remember 100,000,000 satoshi is one Bitcoin. Soon a few satoshis will be able to buy you a new car, a holiday, even craft beer on your phone. Tap and go, just like you do now with AUD.

 

[hindy111]

Yeah. If I was you I wouldn’t have answered me either.

Glad you’ve made it work for you. I respect that. As I’ve said before I’m less inclined to take risks with my money. Even well calculated ones like you’ve taken.

You have no balls. I'm the same. I just wouldn't know what to do with heaps of money anyhow.

 

[Poupou Escobar]

Make sure you advise me when you have bought first otherwise your request is irrelevant.

I bought ages ago. Doge and Etherium have both outperformed Bitcoin in that time. Litecoin briefly did very well around the time of the Walmart scam but now it's worth f**k all again. Where was your advice then ffs

 

[Avenger]

I bought ages ago. Doge and Etherium have both outperformed Bitcoin in that time. Litecoin briefly did very well around the time of the Walmart scam but now it's worth f**k all again. Where was your advice then ffs

My advice is that Bitcoin will always be the King and Etherium, the Queen. Keep them. Dogecoin is just a court room jester.

 

[strider]

I never invest in diddly - sure I have super, but that just goes in and is forgotten, hope its heaps one day.

I took note of Avenger in 2017 (and some people at work were talking about it too) and was on the verge of a modest investment with absolutely zero knowledge of what/how/etc. But procrastinated and then bam, it all crashed .... and I thought, thank f**k for that - crazy f**kin $erb advice

Late 2020 a close family member convinced me to get into it. Not bitcoin - other cryptos were where the money would be made. I did a bit more research this time round.

My experience is that it can be as stressful as f**k. It went through a bit of a boom from Jan to April - was feeling good about it - then the arse fell out of it. Well turns out it was only one ass cheek that fell out, but that felt bad enough. Just about all the profit whittled away. I was still a n00b and hadn't taken any real profits out. But at least heeded advice not to bail at the bottom.

I think its not for the faint hearted. Shit crashes 20-30% in less than an hour. You don't have time to react. Its 24/7 - shit happens while you are asleep. There often isn't much logic to it - and I think it can be manipulated by rich merkins with alot invested .... but maybe thats similar to shares? I dunno.

If you want to be involved, you must absolutely understand it can be volatile as f**k ... a 15% "correction" in an hour is entirely normal every once in a while. Also know there are cycles that span years and that it will almost certainly crash 80-90% again at some point - and you have to decide if you want to get some profit OR just let it ride the big drops and expect it to be even bigger in 4 years time. The tax implications can't be ignored if you do decide to take your profit and run - EOFY you might get a big bill - aussie exchanges report your involvement to the ATO.

Also realise that the "alt coins", ie not bitcoin, can be more volatile and will crash harder. And that many won't stand the test of time. Some alts that were big at the 2017 peak just faded off and never recovered, so if you didn't take your profits, you may never get them back.

I don't entirely trust that bitcoin will be big forever. Maybe it will? Who the f**k knows? There is alot of shenaigans going on globally - alot of rich f**kers manipulating all sorts of things. I don't entirely buy the "bitcoin is untouchable" theory - I'm sure it could come unstuck at some point.

Well thats my 1,005 cents worth.

 

[Avenger]

Bitcoin will get to about $120K by the end this year and then have a big correction (I reckon as high as about 40%) in early 2022 before recovering and kicking on. Etherium will get to about $10K.

 

[84 Baby]

https://www.news.com.au/finance/mar...n/news-story/eab3d2e31614df94884c6cd703486e5e

I thought you'd be all interested in this article.

#oracle

*This is not financial advice*
Bitcoin now is the safety investment. You won’t get 1000% returns in a week but if you can hold it and withstand the dips, you can double your money in better time than outside it. It actually makes good sense a superfund investment

 

[Gary Gutful]

You have no balls. I'm the same. I just wouldn't know what to do with heaps of money anyhow.

I don't need the stress and bullshit. I already have more money than I need.

 

[Gary Gutful]

*This is not financial advice*
Bitcoin now is the safety investment. You won’t get 1000% returns in a week but if you can hold it and withstand the dips, you can double your money in better time than outside it. It actually makes good sense a superfund investment

Thanks for the financial advice.

 

[84 Baby]

Thanks for the financial advice.

If you haven’t taken all the equity out of your home and put it all on the current biggest dropper then my advice is invalid.
Also you should have already sold out of that coin by the time you read this.

 

[Gary Gutful]

If you haven’t taken all the equity out of your home and put it all on the current biggest dropper then my advice is invalid.

Done!

Also you should have already sold out of that coin by the time you read this.

Oh, crap...

 

[hindy111]

I don't need the stress and bullshit. I already have more money than I need.

Yeah I am the same. Except I owe bank almost half a million.

 

[strider]

Yeah I am the same. Except I owe bank almost half a million.

well if you take out a 250k loan now and put it in the right cryptos, you will probably have most of that paid off by the end of the year

 

[Gary Gutful]

Yeah I am the same. Except I owe bank almost half a million.

In fairness, I own my own home but owe my drug dealer around the same amount.

 

[hindy111]

In fairness, I own my own home but owe my drug dealer around the same amount.

My plan is just to sell up at some point and live somewhere cheaper. Most likely up the Mountains.

 

[hindy111]

well if you take out a 250k loan now and put it in the right cryptos, you will probably have most of that paid off by the end of the year

I've been on jobkeeper for 3mths. I doubt banks will lend me a cent.

 

[Gary Gutful]

My plan is just to sell up at some point and live somewhere cheaper. Most likely up the Mountains.

My plan is to retire early and move to the Sunshine or Gold Coast. Most likely in the Hinterlands.

Alternative is to work longer but downsize up here and have an apartment in Cairns and a house in the Atherton Tablelands where it is 5-8 degrees cooler. Mon-Thurs night in Cairns and Fri-Sun night in the sticks.

 

[Gary Gutful]

Ping @Poupou Escobar - I've heard its a bit wet in Perth.

Not sure where I stumbled across this news. Wouldn't have been in the national papers given you are now your own country.

#Twiggy4PM