Fartcoin is a hedge against tariff wars. Imagine the smell if it goes up another 20% next week.
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Cryptocurrency mega-thread
- Thread starter DapperJong
- Start date
- Tagged users None
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JHF1870
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- Sep 19, 2007
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Im not ****ing around with fart coin.
My money RN is going into my offset to reassess later
I haven't bought any fartcoin yet and probably never will. I just find it hilarious that it pumps while the world burns.
Putting your spare money into an offset account is the smart move In this economy.
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JHF1870
Premium Platinum
- Sep 19, 2007
- 15,698
- 10,317
- AFL Club
- Port Adelaide
My feeling is these Tarrifs will hit hard like they did in the 30s. 18 months. I can build some cash and hit later at +/- 10% bottom
Either that or finance another retain and sub divide project. I really like the Aldinga region and Salisbury
I have no idea about tariffs or the economy.
I trade charts and I'm always long term bullish on bitcoin, almost religiously. Altcoins only exist so I can trade them for more bitcoin.
My advice is to pay off your debts first and only use play money for crypto.
JHF1870
Premium Platinum
- Sep 19, 2007
- 15,698
- 10,317
- AFL Club
- Port Adelaide
I only have low interest debt. No credit card debt. 45% ownership. Im not touching margin lending and not sure on whether you can refinance for inveating.
Why did you get into crypto?
JHF1870
Premium Platinum
- Sep 19, 2007
- 15,698
- 10,317
- AFL Club
- Port Adelaide
Lol. I got roped into it Butters South Park style
All seriousness, Ive not overcapitalized. Im happy to sit it out. At least Ill minimise CGT.
Ive got 3.85% of my asset value in crypto. 1% in the bank. Hoping to get 10% in the offset/ gold next 18 months
I've been in crypto since 2017. Though I'd heard of bitcoin as drug money beforehand, I read an article on bitcoin pumping in a newspaper when it was around $2000 USD. I had nfi what bitcoin was or what I was doing, but I had some spare money to invest and bitcoin seemed like a good idea as my get rich quick scheme. I think I bought higher, somewhere between 3-4k.
Most of us are drawn in the same way, so you're not alone.
Hang around, learn, and you'll see there's plenty of opportunity in this space. I don't see how anyone can understand crypto without first understanding bitcoin, so I recommend you read the Bitcoin standard.
Newbies almost always lose in their first bull run.
- Sep 27, 2012
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It’s a liquid asset. Treated like shares basically rather than real estate.
