Wayne Potgieter

It briefly hit $11,200 but then stabilized around $10,800 What a roller coaster.

This is just ridiculous now.

$10,800

I completely understand that this is a bubble. But that doesn’t mean that you can’t make money. The billion dollar question is not if the bubble will burst but rather when. If you can time that properly......

$10,700

$10,500

aaaaaaannnnddddd consider this thread hijacked.

interesting question. I will need to check due to exchange rates. Will come back to you. For the record I am doing all of this to raise money for a South Island bike race in a couple of years. Hint hint.

i have invested. I originally took $1,500 kiwi dollars (around R15,000) to experiment. Once we doubled we sold around $1,600 worth into hard currency and put that back into savings. We have since been using the profit and watching it grow whilst looking at other cryptos that interest me. At this stage portfolio is worth around $3,000nzd. (Excluding original capex that was withdrawn) It’s small money. But all that we are prepared to wager. This is super risky stuff. High returns always have high risk. To answer your other question around borrowing to invest, I personally feel that is unwise irrespective of method of investing. The beauty of all of this is how subjective it is based on each individuals risk taking levels. Same could be said of any type of investing. For me, this is more about education than anything else and I really enjoy the debate.

same argument could be made for hard currency. Tons of different countries. All valued differently. In my opinion a countries currency value is based on sentiment as well. Zuma fires someone, currency drops. That’s got nothing to do with gold but everything to do with sentiment. Edit sp

The irony is completely amusing. Although when trading ether and ripple, there values are being represented in both USD and BTC. Some major banks are now using blockchain, but they want to control it in a centralised server which kinda defeats the whole point

How many BTC and what was your buy price?

Its nudging close to 10k USD at the moment. Two months ago, if people took Jurgens seriously they would have more than doubled their money. Like all fast moving stocks/equities/crypto it will eventually plateau or stagnate but there is money to be made in speculating it. Keep a wry eye on Etherium and Ripple. I have been transferring quite a few of my BTC into Ether and Ripple over the last few weeks and am hoping for good news. DISCLAIMER - Do not invest what you are not prepared to lose! but that can really be said for a lot of types of investments. At the moment BTC is running a bit of a wave because of major public hype. Nothing wrong with that. Last year my wife and I made a small fortune on Hatchimal toys for goodness sake because we bought up a heap just before Christmas and sold them for 5 times the price in the two weeks before Christmas. Thats speculating. We put some money into BTC and once we doubled it, we withdrew the original capital and now we are essentially playing with profit. Its a great position to be in and reduces the risk completely.

We took the ferry over to Rangitoto yesterday for a little hike. Nothing too serious just a walk to the summit and a little excursion to the lava caves. It's hard to believe that this little gem of an island did not exist 600 years ago. The kiddos had a blast and my little girl hiked the full 8.5 km on her own. She is definitely getting stronger. On some of the more challenging trails, i offered her some assistance and her response to me was "Dad, I got this." I believe there are some DOC campsites on neighboring Motutapu that I am keen to go lose a few days on. Summer is here people...get out and about people!

yeah. That's cheating. I quite enjoy the sensation normally. Ribs are the exception.

Rib tattoos hurt like mad.

JD wants to start playing, so i figure its something we could do together. I am happiest when spending time with my munchkins.

Uh oh....I am thinking of buying a set of golf clubs... Anyone with a semi decent set you want to sell?

what are you looking for? And Bikebug is australian.

But its nice and warm and the sun sets after 8pm....

Summer is coming....

thanks man!

Took the words right outta my mouth.

Anyone want to offer an opinion on our new PM?