Forums > General Discussion   Shooting the breeze...

Just bought 1 bitcoin for AU $32K

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Created by myscreenname 7 months ago, 14 Jun 2022
airsail
QLD, 992 posts
11 Nov 2022 1:51PM
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Carantoc said..
Shhhh, nothing to see here


Yes, they are being very quiet aren't they. ASX up 2.6% today, nice.

Carantoc
WA, 5974 posts
11 Nov 2022 1:47PM
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It was Scam Awareness Week all this week.

I was hoping they would run a Spot-the-Scam competition. I found a big one.



Maybe its time for Laurie to run another rare-as-hens-teeth Seabreeze.com.au T-shirt Comp ?

Tick all the squares with a scam in them :





myscreenname
892 posts
11 Nov 2022 2:44PM
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Every single time there is a buying opportunity all the luddites come out on this thread.

In these troubling times you'ld think they would be collecting plastic straws or something
Luddites collecting plastic straws

James
WA, 546 posts
11 Nov 2022 6:42PM
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LMAO "Buying opportunity" Mate I wanna buy you a beer !!! You're a real hoot , mate

Rails
QLD, 1348 posts
12 Nov 2022 5:26AM
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www.theguardian.com/technology/2022/nov/10/what-happened-to-ftx-and-could-crisis-spill-over-to-rest-of-crypto

Exchange set set up to swap real fake money for digital fake money. Loaned real fake money to itself for market speculation, loans backed by digital fake money. Turned out digital fake money didn't actually exist when people started asking for real fake money back, now all gone...

sad face

myscreenname
892 posts
12 Nov 2022 7:02AM
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Rails said..
www.theguardian.com/technology/2022/nov/10/what-happened-to-ftx-and-could-crisis-spill-over-to-rest-of-crypto

Exchange set set up to swap real fake money for digital fake money. Loaned real fake money to itself for market speculation, loans backed by digital fake money. Turned out digital fake money didn't actually exist when people started asking for real fake money back, now all gone...

sad face

Cryptos version of the Lehman Brothers. It'll just shake the weak hands from the tree. Be a good time to double down when the normies really panic sell.... hahaha

UncleBob
NSW, 1094 posts
12 Nov 2022 12:46PM
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myscreenname said..

Rails said..
www.theguardian.com/technology/2022/nov/10/what-happened-to-ftx-and-could-crisis-spill-over-to-rest-of-crypto

Exchange set set up to swap real fake money for digital fake money. Loaned real fake money to itself for market speculation, loans backed by digital fake money. Turned out digital fake money didn't actually exist when people started asking for real fake money back, now all gone...

sad face


Cryptos version of the Lehman Brothers. It'll just shake the weak hands from the tree. Be a good time to double down when the normies really panic sell.... hahaha


Orf you go then, show us how good you actually are.

FlySurfer
NSW, 4400 posts
17 Nov 2022 3:50PM
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What exactly are the fundamentals of BTC?
The energy consumption used to calculate the double SHA-256 hashes?
The media campaigns used to promote the coin?
satoshi nakamoto == qanon == psyop?There's $0 value in the tech bcos it's open source github.com/bitcoin/bitcoin/tree/master/src and even then there are superior cryptos.

Asking for a friend.

Mobydisc
NSW, 9002 posts
19 Nov 2022 8:49PM
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We saw this ad on the side of a bus today.





Rango
WA, 545 posts
19 Nov 2022 7:05PM
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Rails said..
www.theguardian.com/technology/2022/nov/10/what-happened-to-ftx-and-could-crisis-spill-over-to-rest-of-crypto

Exchange set set up to swap real fake money for digital fake money. Loaned real fake money to itself for market speculation, loans backed by digital fake money. Turned out digital fake money didn't actually exist when people started asking for real fake money back, now all gone...

sad face


With a facade of wokeness and a perfect ESG score you can rip off many.

myscreenname
892 posts
20 Nov 2022 7:33AM
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Mobydisc said..
We saw this ad on the side of a bus today.



I used that exchange when I sold off the bulk of my crypto last year. I don't trust any exchange, but Independent Reserve are good and have been around for a decade. Always safest to leave your crypto on cold storage.

hilly
WA, 6896 posts
22 Nov 2022 9:43AM
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myscreenname said..I used that exchange when I sold off the bulk of my crypto last year. I don't trust any exchange, but Independent Reserve are good and have been around for a decade. Always safest to leave your crypto on cold storage.


How much % of tax did you pay when you sold at a huge profit?

myscreenname
892 posts
22 Nov 2022 10:14AM
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hilly said..
How much % of tax did you pay when you sold at a huge profit?

I decided to take a year long break from rimming a boss and put enough of the capital gain into my super to offset what I would have had to pay in tax.

airsail
QLD, 992 posts
22 Nov 2022 7:48PM
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myscreenname said..

hilly said..
How much % of tax did you pay when you sold at a huge profit?


I decided to take a year long break from rimming a boss and put enough of the capital gain into my super to offset what I would have had to pay in tax.


Congrats, looks like your one of the lucky ones, got out at the right time. Too many have been or will be caught out and riding it to the bottom.


Read a story about a young Gold Coast electrician, had 45k with FTX. All good one day, account locked and funds gone the next day, guy would have been gutted.

Carantoc
WA, 5974 posts
26 Nov 2022 10:38AM
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Hi Guys,Just wondering if any of the super-clever mathematical geniuses who love crypto can help me with some math homework I have.

In the image below the red represents today on the horizontal axis and the green line to the left is the actual trend of a set of data over time.



Question is :

What is the statistically most likely trend of the data when projected forward beyond the red of today's date ?

being a math test for 2022's generation it is a multiple choice question, just gotta tick a box. Options are either :

a) best case is the continuation of the green trend beyond today
b) the rose coloured spike of the x-axis trending infinitely faster towards infinity for all of infinity and beyond








myscreenname
892 posts
27 Nov 2022 3:15PM
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Carantoc said..
Hi Guys,Just wondering if any of the super-clever mathematical geniuses who love crypto can help me with some math homework I have.

In the image below the red represents today on the horizontal axis and the green line to the left is the actual trend of a set of data over time.



Question is :

What is the statistically most likely trend of the data when projected forward beyond the red of today's date ?

being a math test for 2022's generation it is a multiple choice question, just gotta tick a box. Options are either :

a) best case is the continuation of the green trend beyond today
b) the rose coloured spike of the x-axis trending infinitely faster towards infinity for all of infinity and beyond









The market is a device for transferring money from the impatient to the patient.

These crashes are pretty normal for bitcoin. Next halving will see it pump hard again.

It's not going away.

busterwa
3775 posts
29 Nov 2022 11:09PM
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myscreenname said..



Carantoc said..
Hi Guys,Just wondering if any of the super-clever mathematical geniuses who love crypto can help me with some math homework I have.

In the image below the red represents today on the horizontal axis and the green line to the left is the actual trend of a set of data over time.



Question is :

What is the statistically most likely trend of the data when projected forward beyond the red of today's date ?

being a math test for 2022's generation it is a multiple choice question, just gotta tick a box. Options are either :

a) best case is the continuation of the green trend beyond today
b) the rose coloured spike of the x-axis trending infinitely faster towards infinity for all of infinity and beyond










The market is a device for transferring money from the impatient to the patient.

These crashes are pretty normal for bitcoin. Next halving will see it pump hard again.

It's not going away.




I Not invested in it but it seems your requiring positive justification on your decision If you were that confident youd probably would be on here trying to justify it

Carantoc
WA, 5974 posts
3 Dec 2022 10:54AM
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myscreenname said..
The market is a device for transferring money from the impatient to the patient.



I guess the person who sold you it for $32k was pretty patient ?

If only you'd have been more patient and waited 6 months you could've got it for $24k.

Still if you wait another 6 months you'll be able to get it for less than it costs to get it. The sellers will probably be offering free package and shipping on all bitcoin over $50.


Keep holding on to it and you'll be able to tell your grand-kids "I'm the last person in the world with some bitcoins".

Little tip : They won't be impressed.

Ian K
WA, 4018 posts
3 Dec 2022 9:07PM
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Carantoc said..



I guess the person who sold you it for $32k was pretty patient ?


So now that crypto exchanges are on the nose how does someone with FIAT dollars burning a hole in their pocket go about getting one?
I've searched Gumtree, Ebay and Seabreeze buy & sell. All that comes up are gold coins for $2.99 (obviously counterfeit) and 143 terrahash Antminers for $ 5.6K.



myscreenname
892 posts
3 Dec 2022 9:13PM
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Someone's sitting in the shade today because someone planted a tree a long time ago

Harrow
NSW, 4321 posts
4 Dec 2022 10:32AM
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I'm enjoying vegemite on toast now because I put a slice of bread in the toaster 5 minutes ago. Yeah, I know, I'm a visionary.

TonyAbbott
788 posts
4 Dec 2022 8:51AM
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Carantoc
WA, 5974 posts
4 Dec 2022 10:36AM
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Ian K said..
So now that crypto exchanges are on the nose how does someone with FIAT dollars burning a hole in their pocket go about getting one?


Interesting point isn't it.

Nothing screams De-centralised Finance like a crypto exchange. An oxy-moron if there ever was one.

One of the major selling points of Bitcoin was that it was decentralized and outside the conventional monetary and capitalist systems and without third party regulation.

Yet it bloomed and could be traded by the masses only because of the ease you could trade it on new age exchanges. Peer to peer wallet swaps are just too complex and risky without some form of centralized exchange. And so these exchanges appeared and exploded in size yet they immediately, and by default, acted exactly like old-age exchanges, except without the benefit of central control and third party regulation.

It seems FTX (and the others) were indeed the very, very worst of unregulated capitalism, but created, promoted and loved by those who claim to hate unregulated capitalism.

No doubt a purist somewhere will claim the failures of crypto weren't due to the revolutionary concept but to repeating the established practices. But nobody has yet worked out how crypto could actually work without the long established capitalist practices, including third party regulation.

So now we have the biggest players in the crypto world encouraging and actively promoting regulation. The very thing that the soul of crypto is supposed to not be.

Crypto. The world went mad for a couple of years. Lucky we all then got the vaxx to bring some sanity back.

myscreenname
892 posts
4 Dec 2022 12:32PM
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Carantoc said..

Interesting point isn't it.

Nothing screams De-centralised Finance like a crypto exchange. An oxy-moron if there ever was one.

One of the major selling points of Bitcoin was that it was decentralized and outside the conventional monetary and capitalist systems and without third party regulation.

Yet it bloomed and could be traded by the masses only because of the ease you could trade it on new age exchanges. Peer to peer wallet swaps are just too complex and risky without some form of centralized exchange. And so these exchanges appeared and exploded in size yet they immediately, and by default, acted exactly like old-age exchanges, except without the benefit of central control and third party regulation.

It seems FTX (and the others) were indeed the very, very worst of unregulated capitalism, but created, promoted and loved by those who claim to hate unregulated capitalism.

No doubt a purist somewhere will claim the failures of crypto weren't due to the revolutionary concept but to repeating the established practices. But nobody has yet worked out how crypto could actually work without the long established capitalist practices, including third party regulation.

So now we have the biggest players in the crypto world encouraging and actively promoting regulation. The very thing that the soul of crypto is supposed to not be.

Crypto. The world went mad for a couple of years. Lucky we all then got the vaxx to bring some sanity back.


There are hundreds of exchanges around. I've been using decentralised exchanges such as uniswap over the last three years. But in order to swap crypto for cash and vice versa then you must use a centralised exchange. I've never advocated holding crypto on these exchanges, as they are unregulated and very risky.

Whatever, price will bounce back. It's just another blip it's happened before and it will happen again. It's still very early days for crypto and each day it's becoming more mainstream. Bitcoin itself hasn't failed and has stood the test of time. It's not going to zero and will continue to appreciate over time.

It doesn't matter how many pillocks wish it to go away, it's here to stay.

Farken hardy-ha-ha rimmers!

myscreenname
892 posts
9 Dec 2022 6:59PM
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myscreenname
892 posts
15 Dec 2022 12:13PM
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Write a post on Seabreeze to explain to skeptics of bitcoin it's many benefits and why it will never go to zero

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chatGPT said...
There has been a lot of skepticism surrounding bitcoin and other cryptocurrencies, with some people claiming that it is a bubble that is bound to burst and that the value of bitcoin will eventually go to zero. However, there are many reasons why this is not the case and why bitcoin has a bright future ahead.

First and foremost, bitcoin is decentralized, meaning that it is not controlled by any government or financial institution. This gives it a level of stability that is not found in traditional currencies, which are often subject to inflation and other economic factors. Additionally, the limited supply of bitcoin means that its value is likely to increase over time as demand for it continues to grow.

Another advantage of bitcoin is its security. Transactions made using bitcoin are encrypted and secure, making it much more difficult for hackers to steal your money. This is in contrast to traditional financial systems, which are often vulnerable to cyber attacks.

Furthermore, the use of bitcoin is becoming more widespread, with more and more businesses and individuals adopting it as a form of payment. This increased adoption will only serve to further boost the value of bitcoin.

Finally, it is worth noting that the technology behind bitcoin, known as blockchain, has numerous potential applications beyond just facilitating financial transactions. As the use of blockchain technology continues to expand, it is likely that the value of bitcoin will continue to grow along with it.

In conclusion, while there may be skepticism surrounding bitcoin, there are many reasons to believe that it is here to stay and that it will continue to have value in the years to come. Its decentralized nature, security, increasing adoption, and the potential of blockchain technology all make it a strong contender in the world of finance.

Carantoc
WA, 5974 posts
1 Jan 2023 5:19PM
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myscreenname said..
On 14 June 2023 will I be up or down and why?



Well, more than half way there and I'm sticking with my original guess of;

Down, because it is all just Ponzi-chain letter bollocks.

myscreenname
892 posts
4 Jan 2023 2:15AM
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Happy Birthday, Bitcoin!

14 years ago, the revolution began.

On January 3, 2009, the first Bitcoin block was mined, sparking a better future of money and freedom.

Just 14 years into its existence, Bitcoin has already had its share of historically significant moments, with each new one reminding us it's never too late to join the revolution.

Carantoc
WA, 5974 posts
4 Jan 2023 8:16AM
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The party is over dude.

The 14 years olds are back home with mum. Grounded by Dad for the next 10 years and severely hung over. Curtains drawn, lying in bed and missing out on the whole day. Suffice to say they won't be trying any more cheap vodka for a while yet.


The only ones still cling to the nostalgia of how awesome the party was are the ones who were so uncool they didn't even realise they were uncool. They thought they were the party, when they were really just cannon fodder entertainment for the real revelers.

And now they are so uncool they have to appear on big brother and celebrity ninja warrior, because they have got nothing else and cling to the lost hope the same party might happen again and they might get a second shot at 15 seconds of fame......

www.who.com.au/corey-worthington-party-now



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Forums > General Discussion   Shooting the breeze...


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