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The Bar For non Automotive Related Chat |
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#811 | ||
Central to all beach's
Join Date: Dec 2005
Location: Alice Springs
Posts: 1,653
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Have the bears finally gone into hibernation?
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Real Aussie muscle cars have a clutch!! http://www.roadsense.com.au/about.html |
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#812 | ||
Donating Member
![]() Join Date: Feb 2006
Location: Roxby Downs, SA
Posts: 1,439
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Still waiting for my lambo mate....
Sent from my SM-G935F using Tapatalk
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ZG Fairlane 500 351 - First car - Now restoring! - LOOKING FOR ZG PARTS - BLACK AUTO CONSOLE - BLACK DASH PAD - BLACK SEAT BELTS (WITH THE METAL BUCKLES) - RIGHT REAR CHROME TRIM XF Falcon S Update EFI - SOLD EL2 XR8 - SOLD BF F6 RSPEC #139 - SOLD Now rocking the SZ Territory Titanium Petrol Family Beast |
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#813 | ||
Fiat POWAAH!
Join Date: Nov 2005
Location: Western Australia
Posts: 2,309
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My wallet is starting to look healthy again.
Threw in a couple of grand and bought more bitcoin when it was $5600. Let’s hope it continues on the upward trend...
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Holden: If you cant beat them, buy them. |
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#814 | ||
Regular Member
Join Date: Sep 2011
Posts: 155
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This looks parabolic again, I would be surprised if we hit 10k usd without a major pullback
Sent from my Note7 FE - Flames Extinguished edition |
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#815 | ||
FF.Com.Au Hardcore
Join Date: Feb 2006
Location: QLD
Posts: 1,515
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Nice to see BTC over 10k aud again, on the other hand I wish the price was still down so I keep accumulating at low prices hahaha
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FG XR6T Ute
300rwkw |
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#816 | ||
Regular Member
Join Date: May 2010
Posts: 325
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I saw a Ranger Raptor on the weekend, with number plate CRYP7O. Moto in the tray as well. Only young bloke too. Nice work, eh.
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#817 | ||
The Terrain Tamer
![]() ![]() Join Date: May 2013
Posts: 36,380
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Elon poured $1.9B into Bitcoin today and it has surged to $56K...
![]() https://www.news.com.au/finance/mone...428784d00b94cf
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Current Ride : A Ford owned D3... |
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#818 | ||
FF.Com.Au Hardcore
Join Date: Oct 2020
Posts: 670
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Ripple is going nuts for some reason.
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#819 | ||
RPO 77
Join Date: Feb 2006
Posts: 1,912
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It's all about the SEC case
If it pushes through 0.6 in the next couple of days it might just keep going Market trends on some are now stupidly being dictated by social media - bound to Happen sooner or later i guess
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Q: If you have tried to sell it three times now and it is still not sold, do you think it might be over-priced? A: It is over priced - just like all the other falcon coupes for sale!! ![]() ![]() |
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#820 | ||
FF.Com.Au Hardcore
Join Date: Oct 2020
Posts: 670
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Yes I forgot to check if Elon has tweeted about XRP
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#821 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Bitcoin is something I can't comprehend. I tried to look into what it is and work it out but the more I research the more confused I get.
It seems it's simply an online currency? One can acquire it by outright purchase or by your (ultra high powered) computer solving seemingly difficult mathematical computations?? Or by verifying other transactions to not allow double dipping?? I still can't understand it.. but for the moment it's a money making machine? So what are you actually buying? If it were to all vanish tomorrow what have you to show for it? It's at near $75k AUD now per coin after costing next to nothing when starting out not that many years ago. Elon Musk tipped a lot of dosh recently into it, then lost 10x his investment by simply stating that prices seem inflated?? Quote:
When big time players invest in this stuff it legitimises the investment medium but I can't fathom investing money on something that only seems to exist in the virtual world.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#822 | |||
GT-P With An Ego
![]() ![]() Join Date: Feb 2005
Location: Canberra
Posts: 20,574
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Quote:
it's equally as vacuous as the stock market or the forex markets - people are trading on predicted value changes. it's all funny money, until you cash out. you buy shares in company XYZ because you believe (for whatever reason) that tomorrow they'll be worth more, not less). you buy USD because you believe it'll be worth more against the AUD - either AUD goes down, or USD goes up). in the unlikely event bitcoin disappears tomorrow you'll be left with the same as if in the unlikely event the ASX disappears tomorrow - nothing. only investments in physical materials (be it gold, oil, wheat, wool etc.) do you actually own 'something'. and then only if you take delivery of said something. trading with paper values of commodities is just as risky as shares/forex/crypto.
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1998 DL LTD in Sparkling Burgundy, daily, mild 5.0L, high end stereo, slow'n'thirsty - 138.8rwkw. 2006 BF GT-P in Ego, 5.8L all alloy, Kenne Bell 2.8HLC, Nizpro Stage 2 ZF - 440rwkw. 2008 SY F6X in Silhouette, Ford Performance Club of ACT |
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#823 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: In Front of a Monitor
Posts: 1,640
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The best description of Bitcoin I have seen is that Bitcoin is the Internet of Money.
Just that description does my head in even further.
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2004 Mercury Silver Falcon XR6T - 5 Speed 2017 Platinum White Mustang GT - 6 Speed 2022 Blue Thai-Special for Daily Duties - Auto |
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#824 | ||
FF.Com.Au Hardcore
Join Date: Apr 2013
Posts: 3,318
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Beta male's currency.
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#825 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Yesterday $75k.
Today $62K. Wonder what would happen if Mr Musk commented that Bitcoin was now undervalued? ![]()
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___________________________ I've been around the world a couple of times or maybe more....... |
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#826 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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Is Bitcoin simply the tulip of the 21st century? It's purely speculative at this stage, far too volatile too have any utility as a currency, so really all anyone is doing is betting on a piece of code.
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#827 | ||
FF.Com.Au Hardcore
Join Date: Oct 2020
Posts: 670
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#828 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
What governing body moderates bitcoin? How are they audited? Where can I get my hands on a PDS? Is a share not a portion of the actual company entity? So, a share is a tangible asset directly linked to the company it belongs to. Saying crypto currency is equally as risky as other more mainstream investment vehicles is drawing a very long bow.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#829 | ||
GT-P With An Ego
![]() ![]() Join Date: Feb 2005
Location: Canberra
Posts: 20,574
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there's no central governing body - that's the point.
everyone involved governs it. there's LESS chance for corruption, as at least 50% of everyone involved is required to agree for a change to take place. if not you get a dud fork (think BCH or BTG to BTC. or ETC to ETH). it's a public ledger - every transaction is permanently part of the history, there's total accountability and all the reporting you could ever want/need. as for the exchanges, they're regulated (in Australia and other first world countries) like stock exchanges are. but make no mistake they're NOT bitcoin, they're just the forex service that'll change your $ to bitcoin or back, and allow you to trade against other cryptos/currencies. as for a share being part of a real company, sure it is, on paper. Try and go to said company and exchange your share for some cash, or a stapler, etc. you won't get far. it only has value on the stock exchange, and only if someone else wants to buy it from you.
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1998 DL LTD in Sparkling Burgundy, daily, mild 5.0L, high end stereo, slow'n'thirsty - 138.8rwkw. 2006 BF GT-P in Ego, 5.8L all alloy, Kenne Bell 2.8HLC, Nizpro Stage 2 ZF - 440rwkw. 2008 SY F6X in Silhouette, Ford Performance Club of ACT |
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#830 | ||
Donating Member
![]() Join Date: Feb 2006
Location: Roxby Downs, SA
Posts: 1,439
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I saw that XRP / Ripple moved from 80 odd cents up to 90 on Monday night. I thought screw it sell it all as I had been holding it for like three years or something. I set it to sell everything if it hit $1. Mind you it has only hit $1 very briefly three times in the last three years. Got up Tuesday and checked it. All sold for $1 and the price was now at $1.20. DOH! Just checked it now and it is spiking up to $1.90. Kill me....
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ZG Fairlane 500 351 - First car - Now restoring! - LOOKING FOR ZG PARTS - BLACK AUTO CONSOLE - BLACK DASH PAD - BLACK SEAT BELTS (WITH THE METAL BUCKLES) - RIGHT REAR CHROME TRIM XF Falcon S Update EFI - SOLD EL2 XR8 - SOLD BF F6 RSPEC #139 - SOLD Now rocking the SZ Territory Titanium Petrol Family Beast |
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#831 | |||
FF.Com.Au Hardcore
Join Date: Oct 2020
Posts: 670
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Quote:
![]() Ive been messing with xrp and fell asleep on the 4th and had a sell in that I wanted to pull, forgot... it sold at 0.78 aud while I slept. oh well I missed out on all of that, kept being afraid to dive back in once it ran, then it ran, and ran.. and ran. ![]() Ive been swearing at the screen on and off for the past week, things like 'oh come on, stop, ffs' etc etc. ![]() ![]() |
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#832 | ||
FF.Com.Au Hardcore
Join Date: Oct 2020
Posts: 670
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#833 | ||
praek tih kl jo kr
Join Date: Mar 2011
Location: Atwell W.A.
Posts: 1,654
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I was playing with the crap coins, like the ones that are under 0.01c, most of them have gone really well to my surprise and I have pulled way more out than I put in, I am only playing around with $100 so it was no great loss if I lost it.
I bought some Metal for $60 watched it slowly get to $200 thinking it would crash soon, went to sleep one night, woke up and it was sitting at $780, so I pulled it out, my $100 investment is currently sitting at $1800 with $700 of the $780 I pulled just sitting in the account, not a millionaire yet, but baby steps eh ![]() |
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#834 | ||
RPO 77
Join Date: Feb 2006
Posts: 1,912
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Hodl hodl hodl
I pulled all of my tp’s and sl’s - predictions range from 10 to 150 over the next 12/24 mths, I think we’ll see 3’s soon enough where it’ll test ath’s - if it pushes through it’ll rocket I’ve written off my throw down on it so happy to see where it ends up
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Q: If you have tried to sell it three times now and it is still not sold, do you think it might be over-priced? A: It is over priced - just like all the other falcon coupes for sale!! ![]() ![]() |
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#835 | ||
FF.Com.Au Hardcore
Join Date: Oct 2020
Posts: 670
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coinbase is listing on the US market on the 14th by the way, some analysts say they are overestimating earnings because of future increased competition.. others saying its valuation will climb by billions... who knows where it will go really, but i expect it to be a busy ticker this upcoming week.
Ripple should be $2.50 aud by the end of today* ![]() *not financial advice, but rather sarcasm, though it probably will be $2.50 just to laugh at me some more. |
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#836 | ||
FF.Com.Au Hardcore
Join Date: Feb 2007
Location: Perth
Posts: 7,076
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For a several years now my wife and I have had a subtle word to our son to get into the property market instead of renting.
Our son, who is almost 30 and renting with his GF confided to us that for about 2 years now he has been dropping a couple of hundred into Crypto when he has some spare cash. His value is now about 80k. So no need to worry Mum and Dad, I'm onto it. For me, it does my head in and I have no clue what you guys are all talking about. I know what Bitcoin is, but just can't see how it's valued, it's not something you can hold like gold, shares, brick n mortar. Time to educate myself a bit more.
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jaydee351 4DV8 |
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#837 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#838 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Ever wonder if Crypto currency was created for us to get used to a cashless system?
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#839 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,868
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PHATAL would have bought in at the high 40 / low 50 US cent mark, 100% in three years isn’t bad. The only tangible I can think of that’s matching is some Launceston real estate.
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#840 | ||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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But this way you don't have to wear long underwear all year !
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Dying at your job is natures way of saying that you're in the wrong line of work.
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