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#871 | |||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Quote:
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#872 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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Probably not, but it very well may change. It's code, there's nothing stopping a better version replacing it, or even an entirely new paradigm rendering it obsolete.
Remember when bandwidth was tiny and we had to ZIP and RAR files to send them around? Who even needs to do that anymore? |
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#873 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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I must be living under a rock but I dont understand the appeal of crypto from a user perspective...if poo hits the fan its gone?
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#874 | |||
GT-P With An Ego
![]() ![]() Join Date: Feb 2005
Location: Canberra
Posts: 20,563
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Quote:
any/all of your stocks can disappear in no time too. your super can disappear if the markets are bad, your super fund makes bad decisions and even if you leave your money under your mattress, inflation will make it more and more worthless as time goes on. and think you're money is safe in the bank? the people of Greece may have a second word about that. there's risk in everything, and there's reward to be had if you can stomach the risk.
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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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#875 | |||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Quote:
1. What happens when countries eventually decide to go cashless and or develop their own national backed Cryptocurrency? And if; 2. More countries like China ban existing cryptocurrencies? Surely, one's investment in questionable less known crypto coins, will fall in value or simply crash? |
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#876 | |||
GT-P With An Ego
![]() ![]() Join Date: Feb 2005
Location: Canberra
Posts: 20,563
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Quote:
2. I don't think we'll see anyone actually do that. Sure some small nowhere countries may (N Korea maybe), but the US and Europe haven't yet, so they won't. If governments really wanted to kill it, that time has past. China has banned it for two reasons - the one they make public (electricity shortages/emissions), and the real reason - too many people are making too much money/becoming too powerful - the CCP doesn't like that - they try to tread a fine line between communism and capitalism, but any time someone becomes too powerful that's not CCP - they get disappeared.
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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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#877 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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Quote:
your stocks dont disappear unless the company does. diversify and you negate that risk. |
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#878 | ||||
GT-P With An Ego
![]() ![]() Join Date: Feb 2005
Location: Canberra
Posts: 20,563
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Quote:
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as I covered before, there's a risk in any investment, it's up to the individual to decide what risk profile they want, and they have to look out for themselves. *well the fund itself maybe covered, if it holds cash with a ADI bank, but 250k across any funds membership base will equate to next to nothing per member.
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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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#879 | |||
FF.Com.Au Hardcore
Join Date: Nov 2005
Location: perth
Posts: 4,355
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Quote:
i still have all the official paper work tho at the time (and my lack in age) to try and recover it wasnt worth the cost they just have no records them selfs of my accounts from after goring paperless from paper records to digital and i had been paying in to it from an apprentice for years so yes you can loose from them even if they dont go bust EDIT:~ ive also lost in shares one from southern cross network where they re wrote their shares to like a 10th of the price so now i still own the shares i bought as a parcel but bugger all of them and ive had that a few time with better share holdings even if they wernt blue chip stocks (im not talking these .00001c shares you buy on a whim to hope to make it large)
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yes still (as money n time permit) doing the rebuilding the zh fairlane with a clevo 400m 4v heads injected whipple blown with aode 4 speed trans to a 9" ....... we'll get there eventually just remember don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! I have taken up meditation... at least it's better than sitting around doing nothing !! |
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#880 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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if a super fund goes bust, it will likely be due to some major global economic calamity, in which case most of us will be losing most of our investments. if that happens, something tells more more people will be buying gold than dogecoins :P
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#881 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: In Front of a Monitor
Posts: 1,640
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So seeing that we are supposedly on the 2nd leg of a Bull Run, does anyone have any low cost gems to highlight that they feel will make a good return and why?
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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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#882 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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CBA is getting on the Crypto bandwagon.
They will be adding a facility to buy and sell on their netbank app.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#883 | ||
FF.Com.Au Hardcore
Join Date: Nov 2005
Location: perth
Posts: 4,355
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bitcoin its self had a fairly good day today currently up around the $89390aud
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yes still (as money n time permit) doing the rebuilding the zh fairlane with a clevo 400m 4v heads injected whipple blown with aode 4 speed trans to a 9" ....... we'll get there eventually just remember don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! I have taken up meditation... at least it's better than sitting around doing nothing !! |
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#884 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
I bought $800 worth 1st November and it's almost at $900 now.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#886 | ||
praek tih kl jo kr
Join Date: Mar 2011
Location: Atwell W.A.
Posts: 1,649
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#887 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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If you're apprehensive about buying bitcoin directly, buy some crypto ETFs. My wife bought into one last week and it's up 10% in 4 days :P
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#888 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,848
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Watching some of the market presently, feeling a little less FOMO.
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#889 | ||
FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Newcastle
Posts: 1,061
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I could cure your FOMO by showing you my (small) wallet - so much red lol
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-Tim |
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#890 | |||
Banned
Join Date: Nov 2016
Location: Perth Australia
Posts: 3,618
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Quote:
![]() PS....because no one else understands it either! Last edited by slowsnake; 01-12-2021 at 09:07 AM. Reason: Add PS |
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#891 | ||
FF.Com.Au Hardcore
Join Date: Nov 2005
Location: perth
Posts: 4,355
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i kinda work with crypto and have had a $100s a week aud put in to my bendigo bank for the last 6 weeks
i see it like working with shares but fluctuates more often and the funds transfer faster my shares take 3 days to retrieve funds from bit coin bank to bendigo usually bout half n hr and im of spending it tho i dable working with it too ive made no investment my self
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yes still (as money n time permit) doing the rebuilding the zh fairlane with a clevo 400m 4v heads injected whipple blown with aode 4 speed trans to a 9" ....... we'll get there eventually just remember don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! I have taken up meditation... at least it's better than sitting around doing nothing !! |
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#892 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Got both daughters $10 each of BTC several years back for ****s and gigs and to see what it was worth on their respective 18ths (currently aged 14 and 12) - they are happy to be "hundred-aires" again
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#893 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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Quote:
Big businesses didn't make their billions from not taking a risk. Diversify. That is all.......
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Proud owner of the ugliest Ford ever made |
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#894 | ||
2003 BA Falcon XT
Join Date: Jun 2008
Location: Wyndhamvale, Victoria
Posts: 1,138
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I've just dived in after spending a fair amount of time and studying it as much as I can.
Person art work showed me he's portfolio.... He's English is poor and a few months back he told me he's going to retire at 55 I laughed. I mentioned crypto and he showed me he's portfolio. Boy did I have egg on my face! Turns out he's been doing it since 2017.... He works part time for something to do... But to meet him you'd just never pick it. I'm doing it long term with low risk coins. I might throw my progress up as I go if anyone's interested. I've invested $252 and was up to a nice $276 but overnight it's gone down so currently sitting at $235
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2003 BA Ford Falcon XT IMPCO LPG Vapour Injection. DETAILING Meguiar's NXT Car Wash Collonite #845 Insulator Wax Bowden's Own Happy Ending & Fully Slick Chemtech CT-18 Truck Wash (Wheels & Chassis) Bowden's Own Wheely Clean & Tyre Sheen Bowden's Own Three Way Paint Decontamination Spray OILS AND FILTERS Nulon Full Synthetic 10w-40 Nulon Long Life Coolant Ryco Oil & Air Filters My Instagram Account: @ba_falcon2003
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#895 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: In Front of a Monitor
Posts: 1,640
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Good on you for having a go.
It is a good idea to start off like that and spend time in the market, learning as you go. The market has just had another dump so you might be down a bit more unfortunately. Dollar Cost Average is the way to go when this happens.
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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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#896 | |||
2003 BA Falcon XT
Join Date: Jun 2008
Location: Wyndhamvale, Victoria
Posts: 1,138
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Quote:
![]() Yeah $50 a week at this stage. Nothing flash. BTC, Ethereum, Solana, Binance and maybe one of the medium smaller coins. This meta universe looks like it's about to take off. Sand and a new coin Gala I might invest in next :-) |
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#897 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Anyone lost money today?
(Don't be shy) looks like Bitcoin has taken a 20% hit in one day?..today..
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Please press the "Like" button if you enjoy my posts. (It's the red triangle with exclamation mark on the left) |
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#898 | ||
GT-P With An Ego
![]() ![]() Join Date: Feb 2005
Location: Canberra
Posts: 20,563
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you only lose if you cash out a loss.
__________________
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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#899 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,848
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I find the market volatility quite interesting. Twelve month gains have been really good for a number of currencies.
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#900 | |||
FF.Com.Au Hardcore
Join Date: Nov 2005
Location: perth
Posts: 4,355
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Quote:
in that time it's been up in the low 90k rang and down in the high 60k range and now bake at low 70k again i, all in about 5 weeks
__________________
yes still (as money n time permit) doing the rebuilding the zh fairlane with a clevo 400m 4v heads injected whipple blown with aode 4 speed trans to a 9" ....... we'll get there eventually just remember don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! I have taken up meditation... at least it's better than sitting around doing nothing !! |
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