Crypto $$$

[GasoLane]

Originally Posted by XB GS 351 Coupe

I you keep reading my post I tell you further down. USD.

That's curious, according to this chart the lowest it's been this year was $1.31 back in April, and now at $1.45

[XB GS 351 Coupe]

Originally Posted by b0son

tThe prices of stuff stays relatively static.

You must live in a different world to me.

Originally Posted by b0son

I've used cash maybe 4-5 times in the last 3 years. You probably did the chicken little routine when they said they were phasing out fax machines too :P

Used cash about three times yesterday. Pay everything with cash that can be paid with cash.

Originally Posted by b0son

Do you keep all your cash as cash?

Yes mostly. There is no benefit of it being in the bank only negatives.

Originally Posted by b0son

You wont go far on a few hundred if the government seize your accounts either.

It's lots more than a few hundred. I could live off my cash for several years if required, in saying that cash is not a great investment either rather just a necessity, I prefer Gold, but Gold is a pain to manage. The rest is tied up in tangible appreciating assets and small crypto investments just for fun.

[XB GS 351 Coupe]

Originally Posted by GasoLane

That's curious, according to this chart the lowest it's been this year was $1.31 back in April, and now at $1.45



image

TerraClassicUSD is what I am talking about. Was around 1 cent when I bought it after it crashed then went to 13 cents now around 10 cents. Wish I threw $1000 at it, but I did not expect it to jump that fast.

Chances are it will recover to at least 30-50 cents I am hoping eventually it will go back to $1, I always keep some tucked away.

Still have 50 million shibs waiting for something to happen.....Was buying 2-3 million a week for a while when they were cheap. Small investment for potentially good returns. Keep some BTC but as you likely know it's not doing much at the moment....

[CyberWasp]

Are there any plans to restore TerraClassic USD?
It seems like they need a mechanism to burn a lot of LUNC.

I still have my LUNC staked and it is still earning LUNC & USD
But Terra Station won't let me stake any additonal LUNC however.

[zilo]

Originally Posted by XB GS 351 Coupe

Unfortunately your FIAT currency has no inherent value, they are simply imaginary numbers on your banking app, much like crypto, the money does not actually exist.

Nope...I am looking at a pile of tangible money right now.
I still use a passbook...so no "app" for me.

Originally Posted by XB GS 351 Coupe

if you go to the bank to draw out your money (assuming you have a reasonable amount in the bank) they will not actually be able to give you the money as they do not have it, it does. not exist. Try it, walk into your local branch and ask to withdraw $20,000 from your account. .

You are wrong. I have done it and it took them 45 minutes to count it.
I had to give them 2 days notice to get the quantity required in.
(CBA and ANZ)


please check facts before posting.

[buggerlugs]

https://www.abc.net.au/news/2022-07-...ato-/101076794

[XB GS 351 Coupe]

Originally Posted by CyberWasp

Are there any plans to restore TerraClassic USD?
It seems like they need a mechanism to burn a lot of LUNC.

I still have my LUNC staked and it is still earning LUNC & USD
But Terra Station won't let me stake any additonal LUNC however.

No idea really, picked up 1/2 a million LUNC after the crashed, then when it recovered slightly made a few$$, then they gave me 30 LUNA2 for some reason that I must have missed, free $100 not complaining, just have them sitting there.

I also have all my LUNC staked and earning just over 8%, more than any bank is paying.

Not sure what the future holds, I am just holding on to mine, if they go to zero I have not lost much, if they return to even 1/4 of their original value in the next year or two I will be ordering myself a new Ford Raptor if they go back to their pre crash value it will be a F150 Raptor

[XB GS 351 Coupe]

Originally Posted by zilo

Nope...I am looking at a pile of tangible money right now.
I still use a passbook...so no "app" for me.

Did not know such a thing still existed last time I seen one was in the late 80's I think.

Originally Posted by zilo

I have done it and it took them 45 minutes to count it.
I had to give them 2 days notice to get the quantity required in.
(CBA and ANZ)

So they had to get the money for you and you had to wait two days, You just confirmed exactly what I said. You can't just walk into the bank and access your money.

Originally Posted by zilo

You are wrong. .........please check facts before posting.

How am I wrong??

You have just confirmed for me exactly what I said, I think you are not comprehending what I am saying. I said you can't just walk into your local bank to get your money out, you reply to me saying I am wrong, then proceed to tell me how you couldn't just walk onto the bank to get your money out.

[zilo]

Originally Posted by XB GS 351 Coupe

How am I wrong??

You have just confirmed for me exactly what I said, I think you are not comprehending what I am saying. I said you can't just walk into your local bank to get your money out, you reply to me saying I am wrong, then proceed to tell me how you couldn't just walk onto the bank to get your money out.

You have forgotten what you wrote, let me refresh your memory.

here is what you wrote:-

Originally Posted by XB GS 351 Coupe

Try it, walk into your local branch and ask to withdraw $20,000 from your account.

It is a fact that I can withdraw up to $50k without a problem.
I do it regularly with CBA,ANZ and NAB in Hobart.
I withdrew much more than that, hence the notice by phone.

You have changed your story a little bit now from 20k to your money...but that's ok.....

[FairmontGS]

Interesting conversation you are having on a public forum... about withdrawing 10, 20, 50k regularly at multiple branches in HBA.. Sounds like your line of work may be of interest to State and Federal authorities

[Mulva]

Originally Posted by zilo

You have forgotten what you wrote, let me refresh your memory.

here is what you wrote:-



It is a fact that I can withdraw up to $50k without a problem.
I do it regularly with CBA,ANZ and NAB in Hobart.
I withdrew much more than that, hence the notice by phone.

You have changed your story a little bit now from 20k to your money...but that's ok.....

It's the "hence the notice by phone" thing that is the issue.

When he said "Try it, walk into your local branch and ask to withdraw $20,000 from your account" he meant try walking in unannounced and with no notice and try to withdraw $20k...his point being if there was cold hard cash for all the money that supposedly exists then you should not need give 2 days notice (any notice) that you wish to withdraw $20k.

As you said yourself, you had to give them 2 days notice to get that amount in

[zilo]

Originally Posted by Mulva

It's the "hence the notice by phone" thing that is the issue.

When he said "Try it, walk into your local branch and ask to withdraw $20,000 from your account" he meant try walking in unannounced and with no notice and try to withdraw $20k...his point being if there was cold hard cash for all the money that supposedly exists then you should not need give 2 days notice (any notice) that you wish to withdraw $20k.

As you said yourself, you had to give them 2 days notice to get that amount in

YEP...and I called BS on it.

You are misquoting me of course, which doesn't help.

I said this....

Originally Posted by zilo

I withdrew much more than that, hence the notice by phone.

I also said I can walk into at least 3 CBA branches in Hobart and withdraw up to $50k without notice...

CBA not being able to supply $20k is absolute dribble.

(Maybe in some stupid 2nd or 3rd tier bank but not any of the big 4.)

The biggest inconvenience by just lobbying in is you might get 50's which are a pain.

[zilo]

Originally Posted by FairmontGS

Interesting conversation you are having on a public forum... about withdrawing 10, 20, 50k regularly at multiple branches in HBA.. Sounds like your line of work may be of interest to State and Federal authorities

ATO said to me that it is sound business practice to use cash.


On a one hundred dollar note it says ..

Legal tender throughout Australia-Philip Lowe.


(Did you notice it no longer says "and its territories"?)


But that is off topic,...so....

What does it say on a Bitcoin ?

[XB GS 351 Coupe]

Some nice gains on Crypto again in the last 48 hours, in profit on all my investments at the moment.

Should I sell or wait for the bull run for my F150 Raptor??

I think I will wait, patience is the key here.

[XB GS 351 Coupe]

Bought some Shiba Tokens back on the 17/6/22. Up 48% return on investment this morning, like always I wish I bought more.

Not a bad interest rate over a months.

Love how people call it a sh!t coin, all about timing, patience, research and a bit of luck.

[GasoLane]

Originally Posted by XB GS 351 Coupe

Bought some Shiba Tokens back on the 17/6/22. Up 48% return on investment this morning, like always I wish I bought more.

Not a bad interest rate over a months.

Love how people call it a sh!t coin, all about timing, patience, research and a bit of luck.

To put this in perspective how many Shiba did you buy and at what price.

It may sound grand but when you consider that Bitcoin is currently at A$33,698.22 but Shiba is A$0.0000174

[XB GS 351 Coupe]

Originally Posted by GasoLane

To put this in perspective how many Shiba did you buy and at what price.

It may sound grand but when you consider that Bitcoin is currently at A$33,698.22 but Shiba is A$0.0000174

Only Bought 50 million at $8 per million (US $), wish I got more than that, but then I only play with crypto, been putting $50 a week into crypto for a while now, I don't really miss $50, automatic deduction from my savings account to my trading account every Monday.

I don't smoke, don't do drugs, don't bet on horses/dogs etc, don't go to the casino, drink in moderation, don't have any debts, that $50 is play money and so far making a nice profit.

Still holding another 50 million hoping they will really go up one day if they only reach $0.01 it will be a lazy US$500,000, even at 0.001, will be US$50,000 for a small investment. If they go back to their old high from earlier this year will be US$4300 for $400 investment.

Even with the current poor market the token is still 83.21% up over the past 12 months. Considering my bank is giving me less than 1% on my savings it seems like a good deal.

[XB GS 351 Coupe]

Trying to work out how to put photos up but I think it does not work.

[GasoLane]

Originally Posted by XB GS 351 Coupe

Trying to work out how to put photos up but I think it does not work.

Most of us use Postimage.

[zilo]

Elon Musk doesn't love Bitcoin anymore.

[XB GS 351 Coupe]

Originally Posted by zilo

Elon Musk doesn't love Bitcoin anymore.

Not about love, it's about making money.

He likely made millions (billions?) selling off SOME of his Bitcoin, Bitcoin will be lucky to double in the next 1 to 2 years in the current market (only guessing, but hard to make substantial gains with bitcoin at this stage), while other crypto will (might?) double in the next months or two, like Shiba for example that jumped 50% in the past 4 weeks and might 10X or 50X or 100X in the next year or two, it might not, but you can pretty much guarantee that Bitcoin won't.

He is probably one of the smartest people out there (love him or the him) wish I knew what he put his bitcoin money into, I would probably put a few $$ there as well.

[zilo]

Originally Posted by XB GS 351 Coupe

Not about love, it's about making money.

At the expense of other/new entrant suckers.

Originally Posted by XB GS 351 Coupe

He likely made millions (billions?) selling off SOME of his Bitcoin,

That's not what is being reported unless you are spruiking crypto.

Originally Posted by XB GS 351 Coupe

He is probably one of the smartest people out there (love him or the him) wish I knew what he put his bitcoin money into, I would probably put a few $$ there as well.

Starlink, Tesla cars and Spacex ...would have thought it was obvious.
actually doing stuff/making stuff instead of trying to get a free ride.

[fordomatic]

Oh Zilo, you are forever the positive human on FF. I'd take you out for a drink if you lived in Canberra, but i'd pay in BTC of course.

[zilo]

Originally Posted by fordomatic

Oh Zilo, you are forever the positive human on FF. I'd take you out for a drink if you lived in Canberra, but i'd pay in BTC of course.

LOL....I don't get to Canberra much but will take you up on it when there next...

[XB GS 351 Coupe]

Originally Posted by zilo

At the expense of other/new entrant suckers.

Everyone makes money at the expense of others, that's how money works, for someone to have more money someone else has to have less money. Unless you do what our Government does and just print more as needed.

Originally Posted by zilo

That's not what is being reported unless you are spruiking crypto.

Not sure what is reported where, fact remain he sold some of his Bitcoin for a sum around the Billion $ mark and he still kept about US$ 250 million in Bitcoin for his personal investment. Give or take a few $$ on these figures as that is only what was made public.

Originally Posted by zilo

Starlink, Tesla cars and Spacex ...would have thought it was obvious.
actually doing stuff/making stuff instead of trying to get a free ride.

I doubt that he put a Billion $$ of his own personal wealth into the companies that are paying him money. Seems counter intuitive. He is drawing a wage from those companies not investing his personal wealth into them.

[zilo]

Originally Posted by XB GS 351 Coupe

I doubt he put a Billion $$ of his own personal wealth into the companies that are paying him money. Seems counter intuitive. He is drawing a wage from those companies not investing his personal wealth into them.

That is just wild guesswork.

I know one fact though (since we are on a car forum)...

He does not drive a Ford (couldn't find one fast enough).....

[XB GS 351 Coupe]

Originally Posted by zilo

That is just wild guesswork.

Yes and No, he draws a wage as well as bonus payments from the companies, which is widely known, however what he did with the Billion $$ generated from the sale that would be guesswork at this stage as far as I know it has not been disclosed.

My guess is he diversified his investment into something he deems more profitable. As I said massive increase in Bitcoin value are unlikely within the next 12-24 months but again that is also just a guess and I may well be wrong.

Originally Posted by zilo

I know one fact though (since we are on a car forum)...

He does not drive a Ford (couldn't find one fast enough).....

I think he sticks to his own products.

[Citroënbender]

From a news article today:

Victoria Police given power to seize cryptocurrency wallets under new organised crime laws

[Charliewool]

Watched this yesterday….
https://en.m.wikipedia.org/wiki/Trus...he_Crypto_King
How peoples greed can make them SO gullible!

[data_mine]

Originally Posted by Citroënbender

From a news article today:

they may not be able to technically take it, but they can lock you up until you hand it over.