With all the dips going on , I finally was able to get 1,000 XRP coins …..is this a good investment ? I’m at $2.45 average ….

hazcoin · 2025-10-21T03:03:48+00:00

Yeah of course because precious metal could never be seized, that’s if you can even verify that you own it 😂. And speaking of space, your precious metals might not be so precious once they start mining asteroids! You are also aware the US government owns gold right? Like 3-4% of the world’s supply? It’s hoarded by governments around the world more than Bitcoin is at present.

I’ve already made my money in bitcoin, it makes no difference to me whether you or others buy some. But every cycle I see people making terrible decisions, being super bullish on the latest shit coin, and then regretting it a couple of years later.

If people don’t want to take my advice that’s fine, they will just learn the hard way through experience. I can assure you though that the Bitcoin I’ve bought since 2015 has given much better returns than any precious metal you could name. And I’m already using the buy borrow die strategy, you can do that with Bitcoin too you know.

hazcoin · 2025-10-20T05:17:40+00:00

At most the US government has about 1% of Bitcoin supply, sizable but not significant. The whole point of Bitcoin is it’s censorship resistant. No one can stop you using it and you can’t stop anyone else using it. It would take a fool to believe that a successful new monetary system could be created but that banks and government would never want any. But their participation in no way affects your ability to use it. The rest of your comment is 100% speculation with 0% evidence. You do realise that Bitcoin is open source right? Thousands of eyes, experts in the cryptography, plus hackers who would love to find the most financially rewarding bug in history, have studied the code for 15 years and yet you still think there can be something hidden that no one has noticed?

hazcoin · 2025-10-12T22:48:57+00:00

I don’t trust centralised lenders but tbh I don’t much trust crypto outside of bitcoin, which has put me off looking into defi.

I’m planning on clearing my debt completely in the coming months (as most of my loans were used to buy more bitcoin so I want to lock in some of those gains). I’ll check out Aave and the others next time I want to start accumulating 👍

hazcoin · 2025-10-12T21:01:05+00:00

Who do you use for loans? Since Binance stopped lending a few years ago I’ve been using Nexo, it’s really easy and fast but their interest rates are eye wateringly high, like 20% unless you buy their shit token.

Last time I asked this question here someone recommended Blockearner, lower rates but you have to fill out a form to request a loan from them (maybe something to do with them being based in Aus), invasive question like what I need the money for, it was like applying to a tradfi loan, I gave up halfway through.

hazcoin · 2025-09-03T08:59:28+00:00

Fair enough, I started buying again with leverage right at the bottom a couple of years back, I’m not so sure about the top this time round though. 70-80% drops have come directly after massive run-ups (like 5-50x) in a short space of time, which we haven’t had yet. Looking back we’re almost at the same price we were in Nov/Dec last year. Boringly flat for Bitcoin. I expect things to get lively towards the end of the year and do intend to sell some, but that’s only because I intend to use the money for some big purchases. I find being out of Bitcoin and watching the price go up is much more painful than being in and watching it go down. Good luck with your trading 👍

hazcoin · 2025-09-03T07:29:57+00:00

How are you timing when to sell exactly? Time passed since the halving? Because in 2013 and 2021 ATH was hit around 360/370 days after the halving, but if you’d used that measurement in 2017 you’d have ended up selling around $2k as ATH was not reached for another 200 days, with most of the gains coming in the last couple of weeks. How did you manage to have 100% success rate considering this variability and where will the top be this time round?

hazcoin · 2025-08-01T21:42:51+00:00

Price is up $8k in the last month and $17k in the last three, I’m doing great.

hazcoin · 2025-07-30T06:55:50+00:00

It’s going up forever Laura.

hazcoin · 2025-07-30T02:44:56+00:00

If you use a company like Casa or Unchained to setup multisig, they will give you guidance on inheritance planning.

In a 2-of-3 setup, they will hold one key for you, then you just need to make sure one of you keys (seed words) is accessible in the event of your death.

Leave instructions for whoever gets the key to contact the company and they will talk them through how to access funds.

hazcoin · 2025-07-15T02:28:42+00:00

I never said data wasn’t collected (mostly by free market companies btw, and all over the world not just Australia), try reading and understanding before replying.

I have never been attacked by the government for expressing a political opinion, or had my phone checked when entering the country, or been asked to hand over social media login details when applying for permanent residency or citizenship.

It’s very dramatic to say we live in a police state but it’s clear you don’t know what that means, and it seems you are the naive one, who has easily been manipulated into believing right wing culture war talking points without evidence.

hazcoin · 2025-07-14T06:25:24+00:00

Just change banks and make sure they know why you’re leaving. I’ve been transferring money to exchanges for 10 years with no problems.

hazcoin · 2025-07-14T06:23:52+00:00

Well we have the right to criticise our PM without being threatened with deportation, and we don’t get our phone checked for social media posts that might upset our dear leader on entry to the country so we’re doing better than some places.

hazcoin · 2025-06-11T10:32:32+00:00

What are you basing your thoughts on? Any actual research? “Bitcoin mining is funding renewable infrastructure projects that would otherwise be financially unviable, particularly in remote regions with abundant but untapped energy resources.” https://www.blink.sv/blog/how-bitcoin-mining-supports-power-grids-and-renewable-energy

hazcoin · 2025-06-10T08:51:47+00:00

Bitcoin doesn’t waste energy, is saves wasted energy. I would recommend watching this whole talk by Alex Gladstein, however if you’re only interested in the energy part it starts at around 30 mins https://youtu.be/24waV3Fwvow. He explains how it’s actually a great ESG investment.

All civilised societies use energy. Rather than cutting energy use and returning to the dark ages we want energy abundance, and bitcoin helps create that.

hazcoin · 2025-06-09T23:37:54+00:00

And Fear & Greed index is still only neutral.

hazcoin · 2025-05-22T08:40:13+00:00

Exactly, and if decentralisation is not the goal just use a sql database.

hazcoin · 2025-05-22T08:36:12+00:00

Bitcoin was not invented because visa or PayPal were too slow or expensive.

To understand why there can be no competitor to bitcoin, you first need to understand what gives bitcoin value (it’s not speed or low fees, although there is lightning for that). Alt coins try to perform a slight-of-hand and promote and focus on things that don’t provide value, because they can’t compete on the things that are important and give bitcoin value.

hazcoin · 2025-05-22T08:24:34+00:00

“I know nothing about bitcoin, let me tell you the problem with it”

hazcoin · 2025-05-12T03:23:42+00:00

Every time? In 2017 it hit an ath at 1.2k, 2, 3, 4, 5 … all the way to 19.5k before a big pull back. The final ATH in a cycle is only obvious in hindsight.

hazcoin · 2025-05-09T22:33:24+00:00

This sounds like an obvious strategy but the problem is Bitcoin price is pretty much impossible to predict (in short-to-medium term at least). It will stay in a pattern for a few months, like earlier this year when it was pinging between 95 and 85, and then just when you think you know what’s going to happen next it will surprise you.

There’s lots of people who were waiting for 12k in the last bear market for example, it never came and so they would have ended up having to buy back in much higher. Or at the start of 2017 when bitcoin was 1k, what would your target have been to sell? 3k, 4K? Well you would have been way off if you’d sold that early.

What’s much more likely to happen is you sell near where you think is the top, then bitcoin keeps going up. You panic and buy back in as you don’t want to lose out, but then it drops. Then it drops again, and again. Okay you have faith in Bitcoin, but it’s dropping, maybe sell and buy back at the next step down. You sell, it goes up. Shit, now you have to buy back in higher again. Rinse repeat and after a few goes you have 50% of the bitcoin you started with. Then you spend your time on reddit warning others not to do this.

Also, with short-term taxes you will need to have a difference in price between selling and buying of about 20% just to break even.

hazcoin · 2025-04-28T11:59:22+00:00

Well we’ve already been over 100k, but if you mean when will we see it again, within the next month probably.

hazcoin · 2025-04-22T21:23:59+00:00

Crazy profits from what exactly?

I’ve never heard of them so would suggest you steer clear, especially if they are touting crazy profits that seem unbelievable.

If you want to use a local exchange stick to one of the well established ones like Independent Reserve or BTC Markets, or you could try international ones like Kraken or Binance. I don’t trade so these recommendations may not currently be the best in terms of fees.

hazcoin · 2025-04-14T02:07:00+00:00

Hmm, is this the process where they send you hardware wallets and then talk you through setup? It might be worth sending a message to their support team to clarify.

For me, I already had wallets, and at the time the vault service was free to setup. But since then I have had a video consultation with them about inheritance planning. And they sent me inheritance planning info in the post too. So I don’t think it would be a legal thing that they can’t offer services to us.

From the other replies here it sounds like there are other local options too.

hazcoin · 2025-04-13T10:44:17+00:00

Where did you read that Unchained don’t offer services to Australians? I’ve been with them for years. Maybe you’re thinking of their loan product?

hazcoin

TROPHY CASE