Select to expand quotemyscreenname said..
I believe you are missing the point.
Parable of the Three Servants
If it isn't obvious by now, the master represents Jesus. .....
Argh, so its a story about Jesus ?
Mmmm, not sure referencing Jesus is going to convince me it isn't a whimsical fairytale though, based on all the other fairytales about Jesus.
Select to expand quoteIan K said..
if I was lucky enough to own a bitcoin I'd sell it tomorrow. Take the money and run.
cryptopotato.com/bitcoin-google-searches-down-to-lowest-levels-since-2020/
Nah, mate you clearly don't get it.
If you spend 32k on bitcoin you only lose when you sell it. And why sell it for 20k when you can keep it and not lose 12k ?
Even if it goes to $0 you won't lose your 32k until you sell it.
So, as long as you keep it forever until you die you will never lose anything. You may never get back the 32k you spent on it, but you haven't lost anything.
Think of it a bit like the parable of Jesus eating his cake and also not having it.......
Select to expand quotemyscreenname said..Carantoc said..
So if you are really smart you don't lose by not buying in the first place ?
Parable of the Three Servants
Again, the Kingdom of Heaven can be illustrated by the story of a man going on a long trip. He called together his servants and entrusted his money to them while he was gone. He gave five bags of silver to one, two bags of silver to another, and one bag of silver to the last-dividing it in proportion to their abilities. He then left on his trip.
The servant who received the five bags of silver began to invest the money and earned five more. The servant with two bags of silver also went to work and earned two more. But the servant who received the one bag of silver dug a hole in the ground and hid the master's money.
After a long time their master returned from his trip and called them to give an account of how they had used his money. The servant to whom he had entrusted the five bags of silver came forward with five more and said, 'Master, you gave me five bags of silver to invest, and I have earned five more.'
The master was full of praise. 'Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let's celebrate together!'
The servant who had received the two bags of silver came forward and said, 'Master, you gave me two bags of silver to invest, and I have earned two more.'
The master said, 'Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let's celebrate together!'
Then the servant with the one bag of silver came and said, 'Master, I knew you were a harsh man, harvesting crops you didn't plant and gathering crops you didn't cultivate. I was afraid I would lose your money, so I hid it in the earth. Look, here is your money back.'
But the master replied, 'You wicked and lazy servant! If you knew I harvested crops I didn't plant and gathered crops I didn't cultivate, why didn't you deposit my money in the bank? At least I could have gotten some interest on it.'
Then he ordered, 'Take the money from this servant, and give it to the one with the ten bags of silver. To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away. Now throw this useless servant into outer darkness, where there will be weeping and gnashing of teeth.'
Winners and Rimmers
This reads like the Government using the pretext of Covid to take money they did nothing to earn and give it to:
Big Business and the wealthy (servant 1)
Medium Business (servant2)
Those put out of work (servant 3)
They then take a disproportionate amount back from servant 3 in the form of inflation and low wage growth, to give back to servant 1 in the form of tax cuts!
Maybe this explains bitcoin perfectly, it was a tool for the rich to get richer at the expense of everyone else.
Servant three pretty much sums up most seabreeze general discussion contributors.
Useless servants in outer darkness, weeping and gnashing their teeth.
Formula Nova would be servant two. I'm thinking I'm probably Jesus
Maybe you are Jesus.
Life was good when you had disciple's who listened to what you preached. But no matter how much you yelled, people more powerful than you decided your time was up.
Now your waiting for the resurrection to prove everyone wrong!!
Go on, make us all believers.
Select to expand quotemyscreenname said..
Servant three pretty much sums up most seabreeze general discussion contributors.
Useless servants in outer darkness, weeping and gnashing their teeth.
Formula Nova would be servant two. I'm thinking I'm probably Jesus
I would have been servant four, the guy that took the money and ran, and it was so embarassing for the master that he left it out of the story.
Heck, that master was expecting a doubling of his money? Is he serious? He would have been lucky to get it back at all. With all the investment advisor fees, commissions, taxes, and fees, he was dreaming.
The third servant was the best as he was only investing in capital guaranteed investments.
What investments were the first two servants investing in? Local houses of ill-repute? Casinos? People smuggling?
Hardly a good story for the bible.
Select to expand quoteFormulaNova said..
I would have been servant four, the guy that took the money and ran...
Now I'm confused.
The story said the master summoned his servants, of which there appeared to be only three.
Yet Jesus had 12 disciples.
And surely it would have been servant 12, Judas of Nova, who took the money and ran, not number 4.
Then again, if I had to guess I would have said myscreenname was more likely to be Mohammed than Jesus. More rebellious, less peaceful and living in a cave in the desert.
Hey msn,
Not saying I told ya so.......... but you should've sold 'it' yesterday. You'd been up 900 bucks.
So.... now the best time to sell since yesterday is today.
Sell 'it' now, cut your losses. You'll only be down 3 grand. Put the 3k down to life lessons.
# 'it' being used in the abstract manner to represent something that isn't actually anything.
#also .... this constitutes general advice only and Carantoc is not a registered financial advisor. Speak to your own financial advisor about your personnel situation and what is best for you.
Select to expand quoteCarantoc said..
Hey msn,
Not saying I told ya so.......... but you should've sold 'it' yesterday. You'd been up 900 bucks.
So.... now the best time to sell since yesterday is today.
Sell 'it' now, cut your losses. You'll only be down 3 grand. Put the 3k down to life lessons.
# 'it' being used in the abstract manner to represent something that isn't actually anything.
#also .... this constitutes general advice only and Carantoc is not a registered financial advisor. Speak to your own financial advisor about your personnel situation and what is best for you.
Last time I looked I still have 1 bitcoin, so it's all good.
Select to expand quoteBuster fin said..
And I have one shiny button.
Does Shiny button run on Proof-of-Stake?
Ethereum branches into PoS today. Watch the price of Bitcoin dive as it gains traction.
www.independent.co.uk/tech/ethereum-merge-price-crypto-bitcoin-b2167061.html
Select to expand quoteIan K said..
Watch the price of Bitcoin dive as it gains traction.
So how much are you going to put on that happening?
Probably has been factored into the price long ago. Just as Likely to do the reverse.
Buy the rumour sell the news.
The prediction was factored in long ago but it's a way more complicated set of algorithms . Took a gang of IT experts 2 years to develop. Bitcoin, by comparison, was just a quick hash up of existing computational techniques. Probably only took a good programmer two days to get going.
So it depends on how many bugs are unearthed when ethereum II is released.
Given that the Crypto market is saturated at 1 trillion, if it does go well and they all desert bitcoin to buy etherium, etherium's price will go up by 300%. If it turns out to be riddled with bugs etherium hodlers will desert and bump bitcoin up by 30%.
Check first with Curantoc, but I'd say sell your bitcoin and buy $29,000 worth of etherium.
Select to expand quoteIan K said..
The prediction was factored in long ago but it's a way more complicated set of algorithms . Took a gang of IT experts 2 years to develop. Bitcoin, by comparison, was just a quick hash up of existing computational techniques. Probably only took a good programmer two days to get going.
So it depends on how many bugs are unearthed when ethereum II is released.
Given that the Crypto market is saturated at 1 trillion, if it does go well and they all desert bitcoin to buy etherium, etherium's price will go up by 300%. If it turns out to be riddled with bugs etherium hodlers will desert and bump bitcoin up by 30%.
Check first with Curantoc, but I'd say sell your bitcoin and buy $29,000 worth of etherium.
Pffft thanks
Select to expand quoteIan K said..
...Check first with Curantoc...
Whooooa, look.... not even Carantoc checks with Curantoc first about financial advice.
Not first, not second and probably not even third.
The best advice I can give you is that every bit of advice Carantoc gives is just bumpf.
... unless of course its about the ..... laiii-dies. Yeah, Carantoc sure has got a lot of advice to give about the ladies.....know what I'm sayin' hey.....hey ??.
Select to expand quoteIan K said..
Ethereum branches into PoS today. Watch the price of Bitcoin dive as it gains traction.
And that's the reason you rim and I win 
Select to expand quotemyscreenname said..
14 June 2022
On 14 June 2023 will I be up or down and why?
3 months in and you are only 14% down.
Doing better than I expected.
If you'd have spent your $32k on Qantas shares on 14th June - you know, Qantas, probably the most maligned public company at the moment and one that is not paying dividends - you'd still have been 8.5% up.
Hindsight eh ?
Select to expand quoteCarantoc said..
3 months in and you are only 14% down.
Doing better than I expected.
If you'd have spent your $32k on Qantas shares on 14th June - you know, Qantas, probably the most maligned public company at the moment and one that is not paying dividends - you'd still have been 8.5% up.
Hindsight eh ?
I mostly stay away from seabreeze now because of the likes of pumpkin heads such as carantoc and IanK.
These wild fluctuations are all part of the territory, you need to have a strong ticker, diamond hands and not be concerned about losing your entire investment.
This isn't for everyone: miserable normies, like the aforementioned pumpkin heads, should consider putting a small part of their wages each week into a CBA super savings account. In ten years time, with the interest earned, they could treat themselves. By purchasing Rodriguezs' - Searching for Sugarman CD to listen to and dance with their miserable partner in celebration of their low-level ambitions and wisdom
Besides, still a long way to go. Selling my bitcoin at a loss or selling within one year isn't on the cards.
Select to expand quotemyscreenname said..
Besides, still a long way to go. Selling my bitcoin at a loss or selling within one year isn't on the cards.
Are you getting interest on the bitcoin? You might be able to get say 10% interest if you deposit it in a crypto exchange for a year.
Select to expand quoteIan K said..
Are you getting interest on the bitcoin? You might be able to get say 10% interest if you deposit it in a crypto exchange for a year.
You can get very good returns by doing that, but.... it's too risky as you have to deposit your bitcoin in their unregulated exchange.
I wouldn't take that risk.
So what if back on the 14 th June I had pulled my short-seller's hat down over my pumpkin head (just joking) and proposed that you transfer the bitcoin to my wallet and on the 14th June 2023 I'd transfer 1.1 bitcoins back to yours? I'm a trustworthy guy.
It'd have been a no-brainer for you wouldn't have it?
Or we could have had it done automatically in an Ethereum smart contract. Or can you only do smart contracts in Ethereum using the ether currency?
Select to expand quoteIan K said..
Or we could have had it done automatically in an Ethereum smart contract. Or can you only do smart contracts in Ethereum using the ether currency?
Ethereum allows for smart contracts. I don't have bitcoin as such, I have Wrapped Bitcoin which is an erc20 stable token, ethereum based.
Smart contracts are written in a language called solidity and are executed on the ethereum blockchain. When a smart contract is executed it costs gas, which you have to pay in ethereum.
Smart contracts allow me to exchange/swap erc20 tokens using decentralised exchanges such as uniswap.
Select to expand quotemyscreenname said..
Ethereum allows for smart contracts. I don't have bitcoin as such, I have Wrapped Bitcoin which is an erc20 stable token, ethereum based.
Smart contracts are written in a language called solidity and are executed on the ethereum blockchain. When a smart contract is executed it costs gas, which you have to pay in ethereum.
Smart contracts allow me to exchange/swap erc20 tokens using decentralised exchanges such as uniswap.
Wow, this sounds awesome,..... please do tell me more.
Do you also get to paint those fantasy figurines miniatures you use in your gaming ?
It was news when Bitcoin dropped to $20k US. It has not been news since its dropped to around $19k.
What will be interesting to see how the price goes as interest rates rise. I think higher rates will inevitably reduce the price of Bitcoin. For two main reasons. Firstly there will be less cheap money around to buy Bitcoin. Secondly investors will get a decent return to just hold cash. It's possible the US Federal Reserve will try to crush Bitcoin while they are saying they are fighting inflation.
Select to expand quoteMobydisc said..
It was news when Bitcoin dropped to $20k US. It has not been news since its dropped to around $19k.
What will be interesting to see how the price goes as interest rates rise. I think higher rates will inevitably reduce the price of Bitcoin. For two main reasons. Firstly there will be less cheap money around to buy Bitcoin. Secondly investors will get a decent return to just hold cash. It's possible the US Federal Reserve will try to crush Bitcoin while they are saying they are fighting inflation.
Some months ago , I gave my educated guess when Bitcoin was at its peak during its last big rally that it would drop and languish at the $29K mark which is exactly where it has been for quite a while now.
Myscreename will tell back me on this claim , cos he told me (word for word) "no it won't Poppa" when I delivered my prediction .
Where it will go from here ?, who knows ! My guess is that it will go the same way as every Ponzi scheme ever created .
I could be wrong, but it's highly unlikely . Myscreename is fortunate to be playing with "house" money. He's not gonna lose anything. No one in their right mind would sink their hard earned into it now.
I could be wrong but .
Select to expand quoteJames said..
Some months ago , I gave my educated guess when Bitcoin was at its peak during its last big rally that it would drop and languish at the $29K mark which is exactly where it has been for quite a while now.
Myscreename will tell back me on this claim , cos he told me (word for word) "no it won't Poppa" when I delivered my prediction .
Where it will go from here ?, who knows ! My guess is that it will go the same way as every Ponzi scheme ever created .
I could be wrong, but it's highly unlikely . Myscreename is fortunate to be playing with "house" money. He's not gonna lose anything. No one in their right mind would sink their hard earned into it now.
I could be wrong but .
I mostly stay away from seabreeze now because of the likes of pumpkin heads such as James.
But I will say, no it won't pumpkin head.
