Yeah i hear ya just couldnt resist that 106k$usd ATH
doubled my money and some and i only bought in a few months ago at 89k?
What happens if i didnt release the bitcoin to the russians
Like.... the money was in my account... AND i still had my bitcoin...does it automatically remove the money from my account somehow?!?
I would hate to be doing this with like 100k$ just with 2k is nerve racking enough for me
I would almost want to meet the person in real life if it was going to be a million $$ and just sit next to eachother to do the exchange
Select to expand quoteFroth Goth said..
I would hate to be doing this with like 100k$ just with 2k is nerve racking enough for me
Its like normal share trading on steroids. I started with $25K in 2016 and it's gone over 10x. Although I've been just slowly cashing out since 2021 so have realized over 6x gains and still have $50k in play and that's despite a few rug pulls.
I'm now all in eth and plan on staking that for a year, it earns about 3%. All free money, so I'll just sit on that to see how that goes. I think eth is under valued compared to btc. Anyway, that's just my bet.
The day trading was way too stressful for me and impossible to do accounting for tax, so I stopped that in 2018. Last two years have been phenomenal, and next year looks good, but eventually that bear market will come.
Bear markets are like bleak winters that last for years. So depressing pressing refresh every few hours for two years and being reminded each time about how much you could've had.
Select to expand quoteFroth Goth said..
Yeah i hear ya just couldnt resist that 106k$usd ATH
Looks like you got out at right time.
Yeah but now i gotto buy back in cause theyre clearly pulling cash and they dont trust the banks so im pretty sure theyll be going into btc... a good 2 to 3 % spread juuust low enough not to spook anyone hmmmmmnnn
Where else could they be going other then btc?? Its gotto be btc. Anyone whose worked in a gold mine knows golds worthless
* had a quick glance i was right about gold looks like thats also down alot but everyones jumped in on crude oil due to "wars"
2024 had the most elections gl?bally and the most wars since ww2 apparently so going to be alot of changes in 2025 with all these new governments
I guess all those tons of gold those banks and governments are buying are because it's "worthless".
Thanks for the ad-vice bro.
.... ahhh huh....
So real rap...
In porgera i didnt even have to pick the rocks up to know if there was gold in them i could tell just from kicking them a bit with my boot.
That was 1/3rd the entire countrys wealth and the geos quite clearly knew the entire mountain next to it was just as full of gold as the current open and under operation. And when i say mountain next to it i mean it we had huts to stay at because we needed a place to sleep cause it took that long to walk up it.
After that experience i really dont see gold being anymore valueable then dirt.
Theres alot of poor people who would take my oily old rags to sew together to make clothes that had ALOT of gold laying around. They would even take my ****ty thin plastic bags they gave us to carry our smoko in and use those bags for clothing socks etc. And they had PLENTY of gold.
I guess you just gotto experience it for yourself. But lets say you walk around and pick up half a dozen fist sized clumps of rock up there youll very very easily be able to tell that 2 of them have enough gold in them to make them feel twice as heavy as the other 4 after a few hundred hours you dont even have to pick them up can just boot em a bit
psa graded pikachu cards is where the real moneys at
Why did you stop saying Brother?!? It made me feel like i had a real connection to the bandanna bananaman your growing up too fast peace and love
Safety first and if your wondering why you cant find this on tineye / google images well i guess your gonna have to realise im crazy and telling the truth which goes a long way here as opposed to PRETENDING to be crazy and lieing 
God damnit nothings dipping i sold everything up and now i just got a hoard of usd waiting to buy back in but gme and bitcoin just drifting on ice sideways
Smoked to much zeta and sold all my gme at 33 cause i had some belief it should only be around 25-30 was gonna wait for dip then try my luck with some feb calls bleergh
Wtf do "traders" do with stocks that hardly move for months at a time?!?
Oh and
How funny is it that barrick gold just had the Mali government and burkino fasso? Steal all theyre gold 
its almost like the worlds wakeing upto these huge companya just takeing all theyre resources any minute now australia might put 2 and 2 together but i wont hold my breath
Select to expand quotepeacenlove said..
I guess all those tons of gold those banks and governments are buying are because it's "worthless".
Thanks for the ad-vice bro.
Aged like milk 
They dont always BUY the worthless gold
Lets play a game of hypotheticals....
If i couldnt sell my 380million worth of bitcoin.... cause no one was buying it.... but i still HAD to get 380 million worth somehow...
Could i.... and remember this is a game of hypotheticals here.... could i have it stolen and then have that value reimbursed in some convoluted way ? Maybe thru insurance? From .... who? ... some sort of...bank? Insurance company owned by a bank? Maybe a government or something??
Hmmmmm crazy old froth and his worthless gold THEORY
Just imagine what would happen to bitcoin once that one gets out to the boomer "investor" class
The Enron Egg and Bitcoin.
Like two peas in a pod. Or maybe two eggs in a basket. Or one actual egg and one ethereal egg in an imaginary basket...
......anyways, how come everyone noticed the disclaimer of the nuclear egg being a useless internet joke but missed the same disclaimer for bitcoin ?
I can gladly explain that for you but might be easier to just read this
forums.overclockers.com.au/threads/can-someone-please-explain-to-me-what-folding-home-is.1030174/
I was one of the biggest folders in australia waaaaay before bitcoin and essentially if you understand the worth of folding the? you should be able to understand the reward of folding/bitcoin
Eh ? So you are claiming bitcoin cures cancer now or something ?
I don't doubt the gambling / speculating enjoyment or thrill aspect of it. From a gambling perspective it is just another horse in the race, probably no better or no worse than any other. Watch the pokies reels spin or watch the bitcoin graph spike, same thrill for some I guess, I dunno, not my cup of tea..
All these bitcoin threads started with people claiming it was going to be the new money, replace fiat currency, be the secure deposit of wealth, be a peer to peer value exchange system and be the future.
But all these bitcoin threads are now just about how much of a thrill winning the gamble is.
Must tell ya something about it ?
Gold makes my iphone work, like copper. Maybe it is over valued as a commodity, but it has a use other than gambling on what somebody will pay for it tomorrow. Hell, I even had gold leaf on my truffles last night, and lovely it was too.
Select to expand quoteCarantoc said..
From a gambling perspective it is just another horse in the race, probably no better or no worse than any other.
You mean like betting on the ASX?
Compared to BTC, how has the ASX faired, over the last year, last two years, 5 years or last 10 years?
Do the maths, make your charts and compare.
Have you still got those rocks in your shoes?
Maybe you need to put some sharper rocks in them to remind you on every step you take.
Some bets are better than others. This thread is proof of that, and it feels satisfying to shout and remind the naysayers:
#YOUWEREWRONG
#ITOLDYOUSO
Select to expand quotemyscreenname said...
You mean like betting on the ASX?
Yes, exactly the same, IF that is how you treat your actions in gambling on the ASX.
And exactly the same as football, if your only interest is in betting on results.
But the ASX, for example, provides a mechanism for companies to raise funding to invest in innovation, improve productivity and deliver services that may improve society.
Football is a sport or pastime enjoyed by millions and a major self-sustaining industry whether people gamble on it or not.
Even the grey hound racing industry provides a living for somebody, outside of those who gamble on it. Although I suppose you could argue it couldn't survive without gambling, even if it does have other facets.
So.... how does administering the bitcoin block chain or how does bitcoin operating as a product or service provide something positive for society ?
I don't doubt its existence as a speculative gambling product. But I am saying (as I have consistently said) - that is all it is. And it seems the previous claims of it being the future australian dollar have made way for even its most ardant fans to admit, it is nothing other than a mechanism to gamble. A mechanism that doesn't need a physical roulette wheel or two silver coins to flip but still just a mechanism to gamble.
I am happy to eat humble pie on the fact the gamble has continued to produce more winners than loosers. But I feel no humble pie needs to be served for the other claims I have made about it.
Bitcoin is a proof of concept that a distributed ledger works just fine, so that's something positive about it.
And it uses so much power that it justifies keeping a good few coal mines going.
Select to expand quote
Carantoc said..
Eh ? So you are claiming bitcoin cures cancer now or something ?
I don't doubt the gambling / speculating enjoyment or thrill aspect of it.
i cant tab out of this box on phone so ill write in bold its actually solveing math. In a simular way to folding did
I asked ai and heres what she spat out maybe thatll help
Bitcoin and Folding@home are two vastly different projects with distinct goals.
Folding@home
Folding@home is a distributed computing project that focuses on simulating protein folding to better understand diseases like Alzheimer's, Parkinson's, and cancer. Volunteers contribute their computing power to simulate complex protein dynamics, which helps researchers gain insights into the underlying biology
Bitcoin
Bitcoin, on the other hand, is a decentralized digital currency that uses cryptography and a peer-to-peer network to enable secure, transparent, and censorship-resistant transactions. Bitcoin's underlying technology, blockchain, relies on complex mathematical calculations to validate transactions and secure the network.
*Bitcoin's Mathematical Calculations*
Bitcoin's mathematical calculations are primarily focused on:
1. *Hash functions*: Bitcoin uses cryptographic hash functions (e.g., SHA-256) to create a digital fingerprint of transactions. This helps ensure the integrity and immutability of the blockchain.
2. *Elliptic Curve Cryptography (ECC)*: Bitcoin employs ECC to secure transactions and control the creation of new units. ECC relies on complex mathematical calculations to ensure the secure exchange of information.
3. *Proof-of-Work (PoW)*: Bitcoin's PoW consensus algorithm requires miners to solve complex mathematical puzzles to validate transactions and create new blocks. This process involves finding a hash that meets certain criteria, which requires significant computational power.
While both Folding@home and Bitcoin involve complex mathematical calculations, they serve different purposes. Folding@home focuses on scientific simulations, whereas Bitcoin's calculations are primarily aimed at securing its decentralized network and enabling trustless transactions.
Select to expand quoteFroth Goth said..
Bitcoin, on the other hand, is a decentralized digital currency ...
AI needs to catch up.
How much of bitcoin is being used as a currency ? What have we got so far ? One bloke bought a couple of pizzas, Silk Road illegal black markets got shut down and El-Salvador and the the Central African Republic both cancelled their bitcoin currency experiment due to abject failures.
As for proving decentralised ledgers work, I'd suggest the jury is still out. A decentralized currency that needs a ledger ? A decentralized currency that cannot be transacted unless that transaction is recorded and centralised onto a single blockchain ?
I spent $0.99 on a curley-worley at the corner store yesterday. OK, it cost me a dollar coin and I didn't get my one cent back, but the transaction didn't get added to no ledger. Nobody knows Carantoc gave Mr Patel $1. Nobody knows where Carantoc's dollar came from or what Mr Patel did with it. That's a real decentralised currency.
Select to expand quoteFroth Goth said..
i cant tab out of this box on phone so ill write in bold its actually solveing math. In a simular way to folding did
Pointless maths.
I get how a decentalised system solving DNA mutations may help cure Parkinsons. Or how solving maths might mean a more efficent hospital is built or a better understanding of the relationship between cow farts and african potato yeilds is made.
But bitcoin solving isn't real maths.
'cause solving math to create a new bitcoin is just solving a riddle. The maths only actually results in a bitcoin because thats how the bitcoin riddle was configured in the first place. It could have been configured differently then completly different maths would produce exactly the same bitcoin reward as the prize. And that ain't how real maths works. That's how riddles and brain teasers work.
But it isn't even a good riddle. Because it is just finding a random sequence. And you find it by random. Nobody is calculating what the next one is, they are just guessing random numbers.
Ain't no maths skill or even critical thinkin' needed for that.
Select to expand quoteCarantoc said..
El-Salvador and the the Central African Republic both cancelled their bitcoin currency experiment due to abject failures.
I think you may have to fact check this.
The bitcoin ETF was the most successful in U.S. history with 146% growth in 2024. Won't be long before an Aussie bitcoin ETF will be available. Bitcoin overtook Silver market cap a few months ago. El Salvador is up over 100% on it's bitcoin purchases since 2021. U.S. now talking about creating a bitcoin national reserve and becoming the crypto capital of the world, which could spark a crypto arms race. Still very early days for bitcoin adoption.
Hard for anyone to deny how it has managed to capture people's imagination in only 15 years.
Haters are always going to hate. Most will be dead before bitcoin dies.
theconversation.com/trumps-plan-for-a-strategic-bitcoin-reserve-could-trigger-a-crypto-arms-race-and-reshape-the-global-economic-order-247277
Speaking of cow farts and pizzas
Pretty sure gamestop will be first international retailer dealing with bitcoins
Kids can already buy tradeing cards at ebgames where you can actually win bitcoins in the deck amung other alt coins etc but pretty sure theyll be buying gamer crap with coins too soon... im banking on bitcoin eth and even litecoin was eluded to but ill be holding it all in btc until confirmation h?ts then ill be jumping out of btc and going into whatever other coins have been greenlighted to be spendable at ebgames/gme
They recently closed all the stores in germany which i believe is because the german gov said no way ho jesus
The only real roadblock for btc is acceptence in the brick and mortar retail market once that initial handful of mashed potato gets thrown across the dinner table itll be on like rufio
Select to expand quotemyscreenname said...
El Salvador is up over 100% on it's bitcoin purchases since 2021
It is also up more than 100% on its national debt in the last 10 years.
And its $560M bitcoin holding builtup since 2021 doesn't quite pay its monthly trade deficit of $900M.
So that is +$560M and -$43,200M.
They say gamblers only focus on the wins.
Select to expand quoteCarantoc said..
It is also up more than 100% on its national debt in the last 10 years.
And its $560M bitcoin holding builtup since 2021 doesn't quite pay its monthly trade deficit of $900M.
So that is +$560M and -$43,200M.
They say gamblers only focus on the wins.
El-Salvador adopted bitcoin in 2021. It's gone up more than 100% on it's purchase price so how has their currency experiment been an 'abject failure'?
Select to expand quotemyscreenname said...
El-Salvador adopted bitcoin in 2021. It's gone up more than 100% on it's purchase price so how has their currency experiment been an 'abject failure'?
Because the assessment of how much the value of bitcoin has changed against the dollar has nothing to do with its usefulness as a currency.
In fact, one of the primary requirements for a currency is that it remains stable. Stable against work-effort, but also reflective of any gain or loss in productivity.
I see the average cost of a bitcoin transaction is currently about $2. Remember a couple of weeks ago a big four bank was going to charge people $2.50 to withdraw their cash (from a limited number of certain account types), and the public was up in arms, politicians were saying they would change the law, the bank backed down and responsible managers got fired.
What if every single transaction you made with your currency cost $2 ? If my curley wurley I bought from Mr Patel cost me $0.99 with a $2 transaction surcharge, you reckon it is somehow "better" than giving Mr Patel my $1 coin ?
I guess the very limited amount of use in bitcoin for everyday transactions is a pretty sure sign of its failure as a currency in El Salvador. The initial uptake, driven in part no doubt by curiosity and in part by the free $30 hand out if you opened a wallet seems to be the vast majority of the very small amount of use it has actually had. Spend your free thirty bucks worth of bitcoin, then go back to real money, is what seems to have happened.
You seem to be finding it hard to seperate the concept of bitcoin as a currency and bitcoin as a gambling product. I don't doubt El Salvador's government or central bank's luck in gambling in bitcoin in the last few years. I am sure it has been better than their gamble in many other things. But that has nothing to do with its usefulness as a currency.
Its easier to understand once you realise just how screwed our old money is
Kinda funny seeing this all play out with trump and elon (Department Of Government Efficiency (DOGE) ) literal sultans jumping in if you understood how puts worked youd realise just how on the verge of collapse half the global banking systems been. Hence why countrys like korea recently banned naked shorting etc i believe chinas out too
Its been a big playground fight with the billionairs for years and btc is a way out. Unless they continue to illegally keep kicking the can down the road until they figure out another way of getting out of it all. **** they even started a new stock exchange with different rules
Ever hear your financial advisor mates say to "diversify" thats because they know how absolutely stuffed it all is
Lets try some pictures to help explain... lets see what would happen if i put some puts on brka
Calculator wouldnt do brka but you can see if i spent $100 on 1$ contracts that nvidias stock would go down from $134 to $12 then id basically get 400k$ for my $100 investment
You cant do that with bitcoin but with our wacky ass USD AUD you definitely can and not only can you but ALLLLLLL the banks HAVE done that theyres so many crazy plays out there that are too big to fail thats why you see sacrfificial lamb bankers going to jail or banks closeing etc etc theyre just scapegoats for a much greater problem thats been brewing for a very long time.
Half the financial crisises have been about trying to somehow right some of these wrongs
It used to be a nice clean sandbox but at some point the strays got into the yard and started useing it as theyre litterbox
Yeah right-o. Cricket has finshed, so I am off to beddy-byes, but just one last word tonight:
How is a bitcoin or bitcoin EFTs any different exactly ?
These failures of the global banking system you refer to don't have much to do with transactional currencies. They are driven by gambling on the value of the currency. Or more accurately gambling on what gamblers will do when central banks do something when people gamble.
And somehow now a bitcoin EFT, which enables gambling on the gambling of the gambling is the solution ?
You wanna fix the global banking system you wouldn't touch the transactional currency side of things. You'd fix the gambling and the speculating. How is bitcoin, nothing but a gamble and a failed transactional currency gonna fix that ?
This all sounds a lot like the notion that the solution to the 'GFC' was to pump more debt into the market, the market that just exploded due to too much debt.
"Unabated gambling on the dollar in order to get something from nothing is gonna kill us all - so let's create a whole new something from nothing and gamble even more on that" !!
But looks, I can see that when you are gambling on more people being sucked into the hype you gotta hype the hype, don't feel bad about it...
Give it a whirl yourself and youll soon figure out how the real money is made and thats thru stock manipulation as long as you understand retailers dont move the price at all youll be able to grasp how a billionair or a group of them can just literally control the entire market.
Its no coincidence that the big guys all own 1/3rd of eachother like a hydra you cant just kill one of them the whole things propped up by eachother and if they decide to sink a company theres very very little anyone could ever do about that unless some other billionairs step in.
How do you calculate call options?
An call option's Value at expiry is the amount the underlying stock price exceeds the strike price. The Profit at expiry is the value, less the premium initially paid for the option.Value = stock price - strikeProfit = (value at expiry - option cost) ? (number of contracts ? 100)
= ((stock price - strike) - option cost)
? (number of contracts ? 100)The Breakeven at expiry will always be higher than the underlying stock price at the time of purchase and is the strike plus the option price.Breakeven price = strike + option costTo calculate profit prior to expiry requires more advanced modelling.The price corresponds primarily to the probability of the stock closing above the strike price at expiry. This can be generalized to both call and put options having higher extrinsic* premium for strikes closer to the current stock price, longer-dated expiries, and higher stock volatility.Profit = ((stock price - strike price) - option cost + time value)
? (100 ? number of contracts)*extrinsic premium is any cost above the intrinsic value
www.optionsprofitcalculator.com/calculator/long-call.html
Oh i have no intention of doing anything but maybe afford a shower in my van. Home ownership wont happen for me in my lifetime.
I definitely wont be fixing the financial system hahahaha
BUT
Im just trying to show you how BAD the current one is.
Like its completely unbelievable and i always wondered why they never taught any of us about it in school. But once you see it for yourself even have a little play yourself you can quickly se? how its all just so so sooooo heavily manipulated.
Theres literal tradeing practices where you close all your trades within 6 hours so start with zero and finish with zero. Every day. Thats a day trader. And they do that because its the only way to ensure the bloody owner of the company theyre invested in doesnt get caught doing blow with a tranny or even worse says something mean on facebook to a cat.
Another group of traders will trade purely on HEARING the news. They know it doesnt have to be truth it just has to be spread so if a soccer player says he twisted his ankle during world cup match cause his new reeboks suck then these guys will instantly place puts on reebok theyll buy calls on nike and theyll make a fortune. Cause some bloke blamed his tools cause he felt embaressed on tv
Once you see this stuff play out over and over and over again you realise just how insanely manipulated it all is.
Dont even get me started on nancy pelosi and copy tradeing where you literally just mimic ridiculously blatent politicians who are insider tradeing from memory i think stephen lynch? Is at something like 900% for his trades in the last year... pretty easy to be a stock broker when your the one giving the contracts to the companys you choose so you invest in them heavily first.
Now all that **** is like... pretty much free and accesable to anyone imagine how corupt it is when you have guys with billions and billions of dollers who can buy out the remaining float just to make they?e competeing billionair who put insane bets on a stock that it would go down. By doing this bilionair A is essentially takeing alllllll of billionair Bs money ....
So they work together.
We are so so so insignificantly small in all of this i can sooner comprehend the universe then how much money there is wrapped up in all the exchanges in the world
But i do know one thing and that is its infinitely corrupt and controlled and manipulated the sec talking about the dark pools is just bonkers
BUT
BITCOIN! WAAAAAAAAYYYY LESS BULLL****
Bitcoin is like a glass of clean water compared to the fettid penguin **** laden rockpool water that is the nysx and everything that goes on there.
Why do you think they keep banging on about free speech in america? Elon musk and X etc etc podcasts etc youtube censorship etc ???
ITS ALL ABOUT CONTROLLING THE MARKET
For me efts exist purely so finance workers can get regular income.
The hope is that because so many people have been brainwashed into thinking you need a finance degree to invest then just buy efts and theyll do the investing for you. And with that when they have bitcoin wrapped up in as a % of these efts the boomer investors who cant figure out how to buy and sell bitcoin (took me bloody ages cause i dont have a address) then theyre will be a bit of a tidal wave of new money comeing into bitcoin.
Personally i think bitcoins better off without that i find it kinda pathetic to have anyone cook me my food and then i pay them or have someone change my car tire and ?hen i pay them. Its allways seemed like some sort of class system thing.
Anyways my current btc position is 0 i have a ticker for it on my watch so i just watch it and ive got a bunch of orders set up to buy if it dips im waiting to see what these clowns do at maralago first before i jump in on an investment that aint that far off an ATH
this isnt happening in bitcoin....
And bitcoin doesnt need these
www.sec.gov/investor/pubs/regsho.htm
Anyways markets nearly open i gotto get back in
