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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 didAnd 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
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 timesYes 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.
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.Nice rack!
Bitcoin mining firm Bitfury is reportedly planning to go public in what would be Europe's biggest crypto IPOBitfury 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
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liquidity issues, kinda weird that they even brag about it on social media:1,000,000 on valr