Off Topic Bitcoin.

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Re: Off Topic Bitcoin.

Post  Minermike on Sun Aug 06, 2017 11:21 am

After stagnating for a few months , the price of Bitcoin is going up. It has been over AUD$4,200 .
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Re: Off Topic Bitcoin.

Post  Minermike on Mon Aug 07, 2017 4:30 pm

I bought part of a Bitcoin, not a whole one , on 25 June for AUD$3,749 /Bitcoin . I have just sold that for AUD$4,199/Bitcoin to-day , so I have made about 10 % profit after fees . [0.5 % fee ] I intend to buy again when the price drops a bit . Wheeling and dealing ! Laughing Laughing Laughing
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Re: Off Topic Bitcoin.

Post  elrodeo on Mon Aug 07, 2017 6:59 pm

Good on ya Mike.
There's been great opportunities to make some serious money during the price drop pre Bitcoin/ Bitcoin cash split.
Was a no brainer that it was going to test $3,000US and above.
Have a gander at Neo. It is the Chinese version of Eth and has been going ballistic. I bought in at a few dollars now up to 20odd dollars and have made tidy profit.
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Re: Off Topic Bitcoin.

Post  Minermike on Wed Aug 09, 2017 9:49 am

Bought some Bitcoin Cash yesterday for AUD$697 , this morning it is AUD$800 so I have already made a paper profit of over 10% . I could sell and take my profit but I will hold for awhile as I expect it to go up more but I am only guessing ! Laughing Laughing Laughing
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Re: Off Topic Bitcoin.

Post  rc62burke on Fri Aug 11, 2017 10:22 am

37 Days ago I started investing in Bitcoin, from $14500 invested my BTC value has reached $20488.00 nearly $6000 increase over that period NICE Laughing Cool Cool Cool Cool Cool

If you want any info on what I'm doing PM me, happy to chat to anyone it's the modern world Wink Wink Shocked
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Re: Off Topic Bitcoin.

Post  Minermike on Fri Aug 11, 2017 10:28 am

Good on ya ! As Elrodeo said have a look at Neo. it has doubled in price in the last few days . It is at $35 this morning , market cap. over $1 billion. I do not have any money in Neo at the moment .
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Re: Off Topic Bitcoin.

Post  rc62burke on Fri Aug 11, 2017 10:33 am

Yes Mike, am looking at NEO, ATM will put some $ in them soon.
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Re: Off Topic Bitcoin.

Post  Minermike on Fri Aug 11, 2017 12:05 pm

Looks like you have to join Bittrex or Binance to buy Neo.
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Re: Off Topic Bitcoin.

Post  rc62burke on Fri Aug 11, 2017 1:06 pm

Minermike wrote:Looks like you have to join  Bittrex or Binance to buy Neo.

I'll check that out as I have a few mates who have NEO, haven't heard them mention those.
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Re: Off Topic Bitcoin.

Post  Minermike on Fri Aug 11, 2017 3:33 pm

Crypto currencies is the new money, dollars and cents is the old money. It is stated by some people that the new money will replace the old money in about 5 years. There is no stopping it, Bitcoin is worth more money than General Motors in the USA. One day you might wake up and find your dollars are worth nothing or have lost 50% of value. As we all know the price of gold is controlled by the banks. So that is also a risk to put your money in . The advice from one financial adviser was , work out your worth, cash assets etc. then invest 1% into crypto currencies . If you loose 1 % of your worth , it will not affect your life style .
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Re: Off Topic Bitcoin.

Post  Minermike on Sun Aug 13, 2017 10:05 am

At the beginning of this thread on the 11 th. May I said value of Bitcoin was AUD$2,600 , to day it is over AUD$5,000 . I hope you all bought some ! Don't worry ,it is not too late , it will keep going up .
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Re: Off Topic Bitcoin.

Post  elrodeo on Mon Aug 14, 2017 10:37 am

Be carefull holding onto to too much BTC right now as charts are showing signs of a possible price correction, possible dip down to test $3000US , stabilize and hopefully go back up and test of $5,000US. My advice would be put some profit into USDT  as backed by US dollar and doesn't fluctuate much at all and safe place to run and hold profit , you could also buy bit of ETH or even Ripple as its at nice low and would be easy for price to rise and double your investment , just consolidate your profits and let btc market play itself out as although price is up it's running out of volume. Another option would be to trade to silver or gold and this can be sold to buy back btc when lower price hits and good buy opportunities arise https://www.ainsliebullion.com.au/FAQ/WhyBitcoin.aspx
Keep in mind this my opinion only and up to you to make your own decision as trading can be a risky business.

With Neo it has a two pronged income as when you buy Neo you get Gas..it's hard to explain but look up Neo on reddit https://www.reddit.com/r/NEO/ and you'll find info. Gas is where you can make passive income down the track. Made a killing the last week as all crypto's in my portfolio went nuts with Neo being a big one.

I trade Neo both on Binance and Bittrex , Gas on Binance
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Bitcoin

Post  philip.j.thompson on Thu Aug 17, 2017 8:42 pm

Just back from Europe, the whole thing is dodgey just another pyramid deal
my view
regards phil

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Re: Off Topic Bitcoin.

Post  Minermike on Fri Aug 18, 2017 10:17 am

Before looking for gold you need to do some research , before talking about cyrpto currencies you need to do some research .
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Re: Off Topic Bitcoin.

Post  Minermike on Fri Aug 18, 2017 5:51 pm

At the present time there are 850 cypto currencies . Total value USD$143,554,050,129 If you do not believe me go to htttps://coinmarketcap.com Only invest in the top 10 .
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Re: Off Topic Bitcoin.

Post  rc62burke on Sat Aug 19, 2017 10:37 am

philip.j.thompson wrote:Just back from Europe, the whole thing is dodgey just another pyramid deal
my view
regards phil

I pose this statement to you.

"Life is a Pyramid scheme"
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Re: Off Topic Bitcoin.

Post  Minermike on Sat Aug 19, 2017 2:45 pm

At my age , I am close to the top of the pyramid , nearly time to topple off ..... Laughing Laughing Laughing
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Re: Off Topic Bitcoin.

Post  Minermike on Sun Aug 20, 2017 10:04 am

I bought Bitcoin Cash on 8 th. Aug. for $697.32 , then sold on 19 th. Aug . for $999.99 . Nice profit ! Laughing Laughing Laughing
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Re: Off Topic Bitcoin.

Post  Kon61gold on Sun Aug 20, 2017 7:05 pm

G'day gent's

Freedom of speech, I'v said I'll allow. You can talk all you's want about market stocks/shares & the profits of what an individual has made/gained or lossed.
What I do not want to see, is anyone recommending or telling another, what/where to invest their hard earned in. Management takes no responsibility for any member here, who is thinking of taking or has taken the advice of another, towards investing in/on any market stocks/shares. Any gains/losses that may occur, through a members actions in doing so, is solely the responsibility of that individual member/s alone.
As was mentioned by some members here, do your research & just when you think you've got it down to a t, go over it again & again, before parting with your hard earned dollars.

Cheers Management


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Re: Off Topic Bitcoin.

Post  kevlorraine2 on Tue Aug 22, 2017 11:17 am

thanks kon, hopeing you were going to say something like that ... kev

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Re: Off Topic Bitcoin.

Post  Minermike on Fri Sep 01, 2017 12:18 pm

FYI   Bitcoin has now passed   AUD$6.000.

On 11 th. May Bitcoin was AUD$2,600 , on Aug. 13 Bitcoin was AUD$5,000 , it is now AUD$6,000 . The price cannot be controlled by any government. What about gold ? The price is controlled by the big banks , world wide .


Last edited by Minermike on Fri Sep 01, 2017 3:44 pm; edited 1 time in total (Reason for editing : more info.)
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Re: Off Topic Bitcoin.

Post  deutran on Wed Sep 20, 2017 8:45 pm

Bitcoins looking a bit sad at the moment Sad Maybe the roller coasters over.AUD$4855
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Re: Off Topic Bitcoin.

Post  Minermike on Thu Sep 21, 2017 10:13 am

Just hang in there, they will bounce back. Bitcoin is worth $64 billion.
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Re: Off Topic Bitcoin.

Post  Minermike on Sun Oct 01, 2017 3:38 pm

Bitcoin is on the move again , selling for around AUD$5,500 . Laughing Laughing Laughing
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Re: Off Topic Bitcoin.

Post  Minermike on Tue Oct 10, 2017 9:43 am

Bitcoin is up to AUD$6,130 to day . Laughing Laughing Laughing
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Re: Off Topic Bitcoin.

Post  WF2.0 on Tue Oct 10, 2017 11:20 am


Bitcoin has had an amazing run. I looked seriously into mining it a few years ago and decided against it. I didnt factor in growth of the market and at the time the it wasnt really worth more than the costs to mine. Some people have made alot of money from its growth, good luck to them. My long term project is learning to trade the financial markets. It is always there and readily accessible from anywhere one has an internet connection. Its a mature market with plenty of shifty participants so caution is required.
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Re: Off Topic Bitcoin.

Post  Minermike on Tue Oct 10, 2017 1:02 pm

You should buy some Bitcoin and just "lock it away ". As a long term investment . Could go to $100,000 , who knows ?

I had the idea of buying some and just spending the growth/profit every year . I wish I had the funds to do it .
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Re: Off Topic Bitcoin.

Post  WF2.0 on Tue Oct 10, 2017 4:17 pm

I would amazed if it went to that but you never know i guess. You could utilise the leverage afforded by accessing a broker and the derivatives market. You can get a demo account for free on yr phone and have a play. Derivatives are a common financial instrument and track the real price of the underlying asset. You generally only require around 10% to hold a position and you sell when you like. I got smashed with bitcoin and bitcoincash but have done well on natural gas, gold, asx200 and forex markets.
I use IG markets atm and plus500 which has around ten different crypto's. Cheers

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Re: Off Topic Bitcoin.

Post  Minermike on Wed Oct 11, 2017 10:42 am

When I started this topic on 11 th May , Bitcoin was about $2,400 it is now around AUD$6,139 . I hope some of you looked into it and did some research . I wish I could have done more . Old saying , money makes money . Sad Sad Sad
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Re: Off Topic Bitcoin.

Post  Digginerup on Wed Oct 11, 2017 7:59 pm

Q33 T04 and on that basis I wish I had bought a couple Rolling Eyes hindsight is a wonderful thing, this thread, albeit off topic is a good example of an interesting and perhaps beneficial to some topic, thanks for bringing it in Mike, I watch with interest What a Face .

Wayne. cheers
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Re: Off Topic Bitcoin.

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