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Author Topic: 1 Bitcoin is now $2410 Australian dollars  (Read 393 times)
Bitcoinpro
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May 17, 2017, 07:08:58 PM
 #1

It smashed the $2000 mark so quick i missed out making the post!

Not much point posting all the time considering i lived on this forum

for 3 or 4 years straight, i still load Bitcoin price 3-4 times a day

though because of the USD exchange rate i dont generally have AUD

figure in my head! Its a 20x from the mid 2014 carsh, its looking

fairly stable, long term moving average would be around about

500 or more though fundamentals always indicate a much higher

price is always going to eventuate, and it would be the only

asset/currency class (excluding other cryptos) that would

really in history fundamentally should always be expected to

remain well above the long term moving average, please

post if u have a figure for the LTMA im guessing it, and if

u disagree with the asset/currency statement.


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May 17, 2017, 07:12:38 PM
 #2

the mid 2014 carsh


This is a remind to exit in Cash?

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May 17, 2017, 07:20:56 PM
 #3

the mid 2014 carsh


This is a remind to exit in Cash?

your money should always be spread around in diff assets

never should be any need to exit to cash with that strategy

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May 17, 2017, 07:53:06 PM
 #4


your money should always be spread around in diff assets

For sure, and there are existing other rules, as "fixing profits" and "stop loss".

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May 17, 2017, 07:58:33 PM
 #5


your money should always be spread around in diff assets

For sure, and there are existing other rules, as "fixing profits" and "stop loss".


Thay are not diversifying assets though and are still

classified as high risk, many complain about

stop loss getting hacked withdrawals pending etc

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May 17, 2017, 08:20:05 PM
 #6

$2410 Australian dollars is not enough for starting to cash out (fixing profits)
 or You will staying at watching everyday at exchange rate for become a input to be happy today or being in bad humour?

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May 19, 2017, 12:01:18 AM
 #7

What is the situation like there? How many people talk about/use it and are there a lot of local businesses that do?

Now that the fees are going up I would imagine a lot of local businesses don't want to accept BTC.

Credit card companies in the USA charge about 3% fee to a local business when I use my CC there. If I buy something for 20 dollars that costs the business .60 cents. If I bought it with BTC it is going to cost me a dollar~ to transfer to them.

Seems like a bad deal for myself currently. It would be better for me to use my 2% cash back card and have them pay their 3%. I earn 2% while they have to pay.



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andrei56
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May 19, 2017, 06:15:25 PM
 #8

What is the situation like there? How many people talk about/use it and are there a lot of local businesses that do?

Now that the fees are going up I would imagine a lot of local businesses don't want to accept BTC.

Credit card companies in the USA charge about 3% fee to a local business when I use my CC there. If I buy something for 20 dollars that costs the business .60 cents. If I bought it with BTC it is going to cost me a dollar~ to transfer to them.

Seems like a bad deal for myself currently. It would be better for me to use my 2% cash back card and have them pay their 3%. I earn 2% while they have to pay.
Use bitcoin when it is the right move, I don’t see why people complain that much, if using bitcoin makes sense then use bitcoin, if it does not make sense then use fiat, western union, credit cards or another cryptocurrency.

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