Robert Woollams

Back when I first started and I thought, “Well, what the hell?” You needed a thousand and I thought, “No, I’ll do 500.” And that worked, you had to be $750 or whatever. I thought, “Bang on, I’ll just do that and I’ll just give it a go.”

And I still didn’t really understand the mining s**t and all that. I’ll probably still don’t. I know you got to use a big computer or whatever to do it, that’s about it. But are still probably a little bit skeptical on actually Bitcoin itself and all that.

Not about really NGS because you could actually look them up and they had all the stuff there. They had addresses and business things and stuff like that. Like I said, when I first put that first little bit of money in, it’s like, “Well, if it goes nowhere and I lose it, I lose it.” It’s not a significant amount, that’s why I started off. It’s no different from putting a few hundred dollars on a horse sort of thing. You’re either going to make money or you’re not.”

…So I’d started off with there and it just kept ticking over. And I think that that ends in October this year, that one. And it was good, and then I thought, “Well, me super was just floating around doing jack s**t at the time.” So then I did the self-managed super fund and put that in there. Put so much of that in and it’s going on pretty good.

Certainly at the end of the day, it will actually work out better than leaving me super where it was, so. During that… 2008 and all that or whatever, but when all the crashes were on and all that, you seem to be putting money in and actually losing money.

Well, the main reason I did me super, was when you looked at the little $500 one that I started off with and every day it was making roughly the same through the mining. I don’t know what it is, but the 27 cents or 30 cents, and it was always there. So it was always doing something every day.

And as you can tell, with me super, you put that in there and it’s doing like $47 a day, roughly. And it can vary from $47 up to $52, but it’s always every day, it’s still turning over the same sort of stuff. And that also leads to how much Bitcoin you get, but the simple fact that every day it’s still making money whereas in normal super, you can put that same money there, but you might go down, you might go up. So it’s just the simple fact that it was… that there was always that constant daily thing of it was turning over that much money a day.

…The main thing is if you do go into it, you got to realize that there’s a cycle to it… Which is a good thing in a way, because it’s a bit different to a bank. You go to the bank and you get the same at the time. You go in, you’re getting 2%, you getting 2% or 5%, you getting 5%. Whereas this is, if you can time it right, you can come in on the lows and come out on the high.

Oh, I talk to me mates about it and all that. Some of them are still skeptical on it, but they’re a lot more better than what they were at the beginning. If I was really good with words and stuff like that. I could talk a lot more, but I just like keep things basic and simple, that’s what I like and that’s how I started with this and that’s the way I’ll finish with it. Just basic and simple.