Bitcoin Thread

Snyper564

Executive Member
Joined
Oct 1, 2008
Messages
9,668
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

Honorary Master
Joined
Jul 6, 2010
Messages
40,791
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

Executive Member
Joined
Oct 1, 2008
Messages
9,668
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
 

SureThing

Well-Known Member
Joined
Jun 26, 2018
Messages
316
Nice rack!


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.
 

NarrowBandFtw

Honorary Master
Joined
Feb 1, 2008
Messages
21,823
1,000,000 on valr
liquidity issues, kinda weird that they even brag about it on social media:
1636174807327.png

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:
1636175105614.png

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