Clyde114 Posted March 28, 2018 Share Posted March 28, 2018 any view on timings to shift UK savings to AUD? Quote Link to comment Share on other sites More sharing options...
newjez Posted March 28, 2018 Share Posted March 28, 2018 2 hours ago, Clyde114 said: any view on timings to shift UK savings to AUD? Personally, and this is just opinion, assuming the Tories don't stuff anything up, brexit is delayed by three years or more, I would expect the pound to countinue to appreciate over the next two years. Quote Link to comment Share on other sites More sharing options...
can1983 Posted March 29, 2018 Share Posted March 29, 2018 I used to stress more about this but since I did some analysis and realised that the 1,2,5 and 10 year average rate is 1.72AUD to the pound I came to realise that anything more than that is a good rate. We all just focus on the 2.5 which hasn't happened in 20 years and the 2.0 which happens a few times a decade. 1 Quote Link to comment Share on other sites More sharing options...
Samson Posted April 3, 2018 Share Posted April 3, 2018 I am going to keep watching the rate, I think it will climb I will probably transfer within 6 months as I wanna buy a house. If it gets to 1.90 I would be happy Quote Link to comment Share on other sites More sharing options...
Davo453 Posted April 24, 2018 Share Posted April 24, 2018 Above $2 isn't unrealistic but it could take a year or so to get there (brexit allowing one way or the other) the average monthly price since 1960 is $2.11 Quote Link to comment Share on other sites More sharing options...
SUPERSTARDJ01 Posted April 24, 2018 Share Posted April 24, 2018 Supposed to get to 1.90+ in august and ove $2 to the £ in Jan 2019 Quote Link to comment Share on other sites More sharing options...
Amber Snowball Posted April 24, 2018 Share Posted April 24, 2018 1 hour ago, SUPERSTARDJ01 said: Supposed to get to 1.90+ in august and ove $2 to the £ in Jan 2019 Now I’m going to have to ask you to cool your jets here. I’m going back in the opposite direction and need all this strong pound talk to stop, just for a little while. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 24, 2018 Share Posted April 24, 2018 2 hours ago, SUPERSTARDJ01 said: Supposed to get to 1.90+ in august and ove $2 to the £ in Jan 2019 These type of predictions are about as reliable as those that predict a hot summer or a cold winter. They can only be based on what is known now, and we live in volatile unpredictable times with Brexit, potential trade wars, and indeed the constant threat of real wars on top of a global economy always teetering on a cliff edge. For my part I need to move at least some of my savings from the UK sometime in the next 12 months. 1 Quote Link to comment Share on other sites More sharing options...
Parley Posted April 25, 2018 Share Posted April 25, 2018 3 hours ago, Gbye grey sky said: These type of predictions are about as reliable as those that predict a hot summer or a cold winter. They can only be based on what is known now, and we live in volatile unpredictable times with Brexit, potential trade wars, and indeed the constant threat of real wars on top of a global economy always teetering on a cliff edge. For my part I need to move at least some of my savings from the UK sometime in the next 12 months. If I was you I would just convert it to bitcoin now. And then convert bitcoin to AUD in 6 months time. You will double your money in my estimation. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 25, 2018 Share Posted April 25, 2018 4 hours ago, Parley said: If I was you I would just convert it to bitcoin now. And then convert bitcoin to AUD in 6 months time. You will double your money in my estimation. Are you invested in Bitcoin? Quote Link to comment Share on other sites More sharing options...
Parley Posted April 25, 2018 Share Posted April 25, 2018 Just now, Gbye grey sky said: Are you invested in Bitcoin? Yes. But only a small amount. Less than 1. But it seems to me the next bull run has started. Time to get on board. They will be back to $20,000 by the end of the year if not a lot more. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 25, 2018 Share Posted April 25, 2018 1 minute ago, Parley said: Yes. But only a small amount. Less than 1. But it seems to me the next bull run has started. Time to get on board. They will be back to $20,000 by the end of the year if not a lot more. Too volatile for me. It could go to $20,000 or ot could go to $1,000. Yes, I could buy 1 but the profit would not be lifechanging and it seems like out and out gambling to me. After all, there is no underpinning value to Bitcoin and there are many competing crypto currencies out there. Quote Link to comment Share on other sites More sharing options...
Parley Posted April 25, 2018 Share Posted April 25, 2018 Just now, Gbye grey sky said: Too volatile for me. It could go to $20,000 or ot could go to $1,000. Yes, I could buy 1 but the profit would not be lifechanging and it seems like out and out gambling to me. After all, there is no underpinning value to Bitcoin and there are many competing crypto currencies out there. There is underpinning value actually. There is no real underpinning value in a pound note with the Queen's face on it. The Bank of England can decide to print billions more on a whim. Bitcoin on the other hand has a fixed supply which can never increase coupled with demand that will increase exponentially in coming years. I do own other cryptos also including Ethereum but Bitcoin will remain the top one I believe. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 25, 2018 Share Posted April 25, 2018 2 minutes ago, Parley said: There is underpinning value actually. There is no real underpinning value in a pound note with the Queen's face on it. The Bank of England can decide to print billions more on a whim. Bitcoin on the other hand has a fixed supply which can never increase coupled with demand that will increase exponentially in coming years. I do own other cryptos also including Ethereum but Bitcoin will remain the top one I believe. But who determines how many Bitcoin are in existence and what is their motivation? And why will demand increase exponentially. It has all the hallmarks of a bubble or some sort of pyramid scheme in which vast fortunes are made by some on the way up but late arrivals lose everything. Quote Link to comment Share on other sites More sharing options...
Parley Posted April 25, 2018 Share Posted April 25, 2018 2 minutes ago, Gbye grey sky said: But who determines how many Bitcoin are in existence and what is their motivation? And why will demand increase exponentially. It has all the hallmarks of a bubble or some sort of pyramid scheme in which vast fortunes are made by some on the way up but late arrivals lose everything. Do some research and you may realise that cannot be true. The whole premise of bitcoin and other applications is that they are decentralised. The supply is locked in. The maximum there will ever be is 21 million. If you own just 1 bitcoin you will be in a very select club. I'm still kicking myself for not buying in 2013 when I first considered it and they were $130 then. If you can afford to I would just buy 1 in case you are wrong and they do indeed go to $500,000 or $5M as so many think they will. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 25, 2018 Share Posted April 25, 2018 2 hours ago, Parley said: Do some research and you may realise that cannot be true. The whole premise of bitcoin and other applications is that they are decentralised. The supply is locked in. The maximum there will ever be is 21 million. If you own just 1 bitcoin you will be in a very select club. I'm still kicking myself for not buying in 2013 when I first considered it and they were $130 then. If you can afford to I would just buy 1 in case you are wrong and they do indeed go to $500,000 or $5M as so many think they will. This sort of research? http://www.news.com.au/finance/money/investing/it-makes-no-sense-former-paypal-ceo-says-bitcoin-is-the-greatest-scam-in-history/news-story/3ab1193c520f6eba1dafa1100e144726 1 1 Quote Link to comment Share on other sites More sharing options...
Parley Posted April 25, 2018 Share Posted April 25, 2018 Obviously it threatens his whole business model and livelihood and he is extremely worried. Quote Link to comment Share on other sites More sharing options...
Clyde114 Posted April 26, 2018 Author Share Posted April 26, 2018 On 4/25/2018 at 07:43, Gbye grey sky said: These type of predictions are about as reliable as those that predict a hot summer or a cold winter. They can only be based on what is known now, and we live in volatile unpredictable times with Brexit, potential trade wars, and indeed the constant threat of real wars on top of a global economy always teetering on a cliff edge. For my part I need to move at least some of my savings from the UK sometime in the next 12 months. agreed! I keep my eye closely on site such as this one trying to work out any rhyme or reason to the market https://www.poundsterlinglive.com/aud what I've noticed is every currency change is reported but never really predicted, I have now set goals with my forex broker who call me when the rate is reached, which is preferable to watching the skittish market change on a daily basis... Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 26, 2018 Share Posted April 26, 2018 23 hours ago, Parley said: Obviously it threatens his whole business model and livelihood and he is extremely worried. What business model? He is former CEO of Paypal and now runs a wealth management company. This company could have easy synergy with an apparent wealth creation vehicle. Not saying he is right or wrong but he makes valid points. It was you that recommended research and due diligence but I admit that I have a natural antipathy towards ‘get rich quick’ schemes in general and if I had been one of those people who bought in for the first time at the end of 2017 I would have lost half of my money as of now and would be fretting. Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 26, 2018 Share Posted April 26, 2018 (edited) 3 hours ago, Clyde114 said: agreed! I keep my eye closely on site such as this one trying to work out any rhyme or reason to the market https://www.poundsterlinglive.com/aud what I've noticed is every currency change is reported but never really predicted, I have now set goals with my forex broker who call me when the rate is reached, which is preferable to watching the skittish market change on a daily basis... What I have observed is that almost all predictions mirror the curent movement in much the same way as a hot spring day heralds newspaper speculation about a long hot summer. I think your tactic is the right one and, given that brokers are keen to do the deal this is a good tactic for securing the best possible rate particularly if there is a brief spike in the currency taking it to your goal. Edited April 26, 2018 by Gbye grey sky 1 Quote Link to comment Share on other sites More sharing options...
Ken Posted April 27, 2018 Share Posted April 27, 2018 On 25/04/2018 at 16:18, Parley said: Do some research and you may realise that cannot be true. The whole premise of bitcoin and other applications is that they are decentralised. The supply is locked in. The maximum there will ever be is 21 million. If you own just 1 bitcoin you will be in a very select club. I'm still kicking myself for not buying in 2013 when I first considered it and they were $130 then. If you can afford to I would just buy 1 in case you are wrong and they do indeed go to $500,000 or $5M as so many think they will. The supply is locked in you are right there. Unfortunately the demand is not locked in and could disappear at any time. Quote Link to comment Share on other sites More sharing options...
Samson Posted April 27, 2018 Share Posted April 27, 2018 Well the Pound/Aud had a hit today. Was hoping the news would be better and the BoE would rasie the rates in May would bring the Pound higher but looks like we may go down to lows 1.80 now. Quote Link to comment Share on other sites More sharing options...
Clyde114 Posted April 30, 2018 Author Share Posted April 30, 2018 On 4/27/2018 at 20:08, Samson said: Well the Pound/Aud had a hit today. Was hoping the news would be better and the BoE would rasie the rates in May would bring the Pound higher but looks like we may go down to lows 1.80 now. Yep the momentum was good, fingers crossed for better things for Q2! Quote Link to comment Share on other sites More sharing options...
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