Bitcoin Thread

[enerdude]

Tesla girls Tesla girls
Testing out theories
Electric chairs and dynamos
Dressed to kill they're killing me
But heaven knows their recipe

Its a no-no-no from the song though...'where lambo!'

 

[dusi]

 

[RiaX]

anyone know why the BTC dropped recently from 980k ?

 

[Tman*]

anyone know why the BTC dropped recently from 980k ?

Yes.

It was a Wednesday

 

[enerdude]

anyone know why the BTC dropped recently from 980k ?

Elon Musk had a bad dream about Bitcoin

 

[Sensorei]

anyone know why the BTC dropped recently from 980k ?

This was a measly 10% drop after 70% growth in 1 month. Barely worth checking the charts for in crypto.

 

[Snyper564]

anyone know why the BTC dropped recently from 980k ?

Also stop following zar price as it just follows Usd price

 

[dusi]

Also stop following zar price as it just follows Usd price

zar is a sh!tcoin anyways

 

[RiaX]

Also stop following zar price as it just follows Usd price

Ok thanks. I'm new at this

 

[SauRoNZA]

Also stop following zar price as it just follows Usd price

And it’s utterly illogical to follow the USD price if you aren’t trading in USD.

 

[Snyper564]

And it’s utterly illogical to follow the USD price if you aren’t trading in USD.

Not really, the ZAR/BTC pair did not drop in isolation it followed the global BTC trend therefore to understand why the ZAR/BTC pair dropped you need to understand why the global trend did

 

[SauRoNZA]

Not really, the ZAR/BTC pair did not drop in isolation it followed the global BTC trend therefore to understand why the ZAR/BTC pair dropped you need to understand why the global trend did

Yes following the trend certainly makes sense.

But you are still going to set your prices etc based on the market you are trading in so it doesn’t make much sense to be obsessed with the USD.

This is how mistakes happen and people end up selling their BTC at USD prices but in ZAR.

 

[Snyper564]

Yes following the trend certainly makes sense.

But you are still going to set your prices etc based on the market you are trading in so it doesn’t make much sense to be obsessed with the USD.

This is how mistakes happen and people end up selling their BTC at USD prices but in ZAR.

Oh yes totally agree and if you new referring to other person need to realize sa trades a a prem of 3 to 5 percent at times

 

[Pegging]

Nice rack!

Bitcoin mining firm Bitfury is reportedly planning to go public in what would be Europe's biggest crypto IPO

Bitfury was seeking advice from Deloitte to review its readiness to go public, The Telegraph reported. It was valued at $1 billion in its last funding round.

markets.businessinsider.com

 

[SureThing]

Nice rack!

Bitcoin mining firm Bitfury is reportedly planning to go public in what would be Europe's biggest crypto IPO

Bitfury was seeking advice from Deloitte to review its readiness to go public, The Telegraph reported. It was valued at $1 billion in its last funding round.

markets.businessinsider.com

View attachment 1177448

This will be interesting...would be keen to find out how one can invest before and after going public. How they arrived at the valuations is a bit scary..hence better to get in before listing.

 

[callvm]

1,000,000 on valr

 

[NarrowBandFtw]

1,000,000 on valr

liquidity issues, kinda weird that they even brag about it on social media:


there's a reason that news sites don't blast extreme price action on smaller exchanges all over: because it does not reflect reality, reality is the price on the biggest BTCZAR exchange, which will have less slippage due to higher liquidity ... and that has not hit R1mil, ever, yet, all time high for BTCZAR still 10k short of 1mil:


was anyone quick enough to arbitrage that difference between VALR and Luno at the time?

 

[Dan C]

 

[Gabe Owner]

#lambos

 

[Snyper564]

#lambos

meh they seem cheap now