Crypto Sold my house and put it all into bitcoin.

Discussion in 'Other Asset Classes' started by Laker, 7th May, 2020.

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  1. LROB

    LROB Well-Known Member

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    Get into the metaverse my friend. If you think crypto is big, wait til you see paid to play gaming.
     
    LROB, 6th Sep, 2021
    #481
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  2. samiam

    samiam Well-Known Member

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    Crypto in nose dive. I guess all markets are spooked by China now
     
    samiam, 21st Sep, 2021
    #482
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  3. crosek

    crosek Well-Known Member

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    Yep will be interesting to see what the outcome of this is. It's all part of the fun :)

    History has shown that every "crisis" is just a great buying opportunity as eventually all markets recover and the first to do so will be crypto.

    For those interested, there is a great way to hedge Bitcoin/crypto.
    Buy the following pair when you want to hedge.
    PAXG/BTC

    This is my golden goose for the bear market and for hedging against events like this :) happy to discuss further with those interested.
     
    crosek, 21st Sep, 2021
    #483
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  4. DanW

    DanW Well-Known Member

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    It pays to be in
    It pays to have some $stables right now
     
    DanW, 21st Sep, 2021
    #484
  5. tedjamvor

    tedjamvor Well-Known Member

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    $325k in TrueAUD paying 12% pa gives $750 a week.

    If only there was a $250k government guarantee on that!
     
    tedjamvor, 21st Sep, 2021
    #485
  6. DanW

    DanW Well-Known Member

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    Yeah it's all a matter of diversification, not just which DEFI platform but also which stablecoin as some of them are a bit dodgy. It's hard to believe some of these "blue chip" platforms like Curve have only been around for a year or two we get so used to them, I guess in crypto years that's a long time.

    In a few years when these things get connected to the fiat world things are going to be crazy. Imagine earning close to the rate that the bank lends your money out at, only paying a small cut instead of covering banks massive overheads.
     
    DanW, 21st Sep, 2021
    #486
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  7. crosek

    crosek Well-Known Member

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    The biggest risk to stables will be in the bear market.
    Some of these platforms will go bust/get hacked/get regulated.

    So its important to do due diligence.
     
    crosek, 22nd Sep, 2021
    #487
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  8. tedjamvor

    tedjamvor Well-Known Member

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    Depends on the token.

    More concerned about the earn rates on a stable coin than the coin itself. (where an exchange holds your stable coin and goes and buys bitcoin whilst paying you interest)
     
    tedjamvor, 22nd Sep, 2021
    #488
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  9. DanW

    DanW Well-Known Member

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    While you're talking about exchanges/businesses, I did mean DEFI not a central party.
    E.g. Curve where stablecoin pairs are used in a smart contract for trading between them, and no party has access to them except your own keys and the code in the contract. The risks are different (i.e. smart contract bugs), but there's no company behind the scenes secretly using the money for something else.
     
    DanW, 22nd Sep, 2021
    #489
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  10. crosek

    crosek Well-Known Member

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    Here comes the opportunity.

    Current price around ~$37-41k is the bottom.

    I am refinanced and reloaded here, see you guys on the other side =)

    WGMI
     
    crosek, 30th Sep, 2021
    #490
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  11. Valhiem

    Valhiem Active Member

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    Bitcoin could crack 80k AUD this week. The dude who sold his house for bitcoin must be absolutely loaded now.
     
    Valhiem, 7th Oct, 2021
    #491
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  12. Michael.Knight

    Michael.Knight Well-Known Member

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    We're closing in on all-time highs! :D
     
    Michael.Knight, 7th Oct, 2021
    #492
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  13. crosek

    crosek Well-Known Member

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    Already life changing!
    Looking forward to the next few months :)

    PlanB has been on point so far
     
    crosek, 7th Oct, 2021
    #493
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  14. samiam

    samiam Well-Known Member

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    We exited early :(
    Also bet on wrong coin, ripple :mad:
     
    samiam, 7th Oct, 2021
    #494
  15. djyella

    djyella Well-Known Member

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    Within 12 months:
    - BTC: $250k
    - ETH: $15k
     
    djyella, 19th Oct, 2021
    #495
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  16. Redwing

    Redwing Well-Known Member

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    upload_2022-1-12_6-51-26.png

    upload_2022-1-12_6-54-25.png

    Just checking in on BTC & ETH prices
     
    Redwing, 12th Jan, 2022
    #496
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  17. crosek

    crosek Well-Known Member

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    crosek, 12th Jan, 2022
    #497
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  18. DanW

    DanW Well-Known Member

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    At first I was thinking WTF it went up, then I realised it was in AUD!

    You gotta quote in USD or you'll give someone a heart attack
     
    DanW, 12th Jan, 2022
    #498
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  19. Redwing

    Redwing Well-Known Member

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    PAX Gold or Lyxor MSCI Pacific Ex Japan UCITS ETF (LON: PAXG) :D
     
    Redwing, 24th Jan, 2022
    #499
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  20. namrata

    namrata Well-Known Member

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    Has anyone been following the crypto crash this past week(end)? Thoughts?
     
    namrata, 24th Jan, 2022
    #500
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