Bitcoin Thread

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genetic said:
New to bitcoin, and only invested a measly R750 around a month ago via Luno that's sitting R970 odd now. Is it worth selling to make a measly profit of around R200 and buy more when it's low? Or am I doing this wrong?
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I find it hard to advise anyone to keep bitcoin indefinitely. I don't see it as a long-term (10+ years) sort of investment. My view of it is that of a mechanism to make quick money, short-term. So, keep an eye on it - depending on how actively you want to 'trade', I'd say once every week might be enough. However, this is crypto - things move just a little faster than the ordinary world of stocks.
 
Morning. I lost my link to a coinview page showing all the crypto prices.
Anyone with a link please ?
@Thor Think you gave us the link ?
 
I.am.Sam said:
i have R3k to invest ..little money :)

should i get in now or wait till it drops lower
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My question would be: why are you considering buying now? Did you just free up some cash or is the FOMO kicking in due to the hype?
 
Wish I had a crystal ball, want to cash out just don't know how long to wait
 
saor said:
My question would be: why are you considering buying now? Did you just free up some cash or is the FOMO kicking in due to the hype?
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My previous boss gave me some good advice when I almost invested in 2017, that when your barber or petrol attendant is talking about something you're probably too late to invest in it. I instead invested into some alts. I followed btc though on it's way down to almost3k and when it broke 4200 and got above certain moving averages etc that seemed special. I don't think we're there on this run yet (fomo) as I've not had many mates, family, clients etc call me up or discuss it spontaneously, but it does feel if we are going to get there, investing now would be profitable. But there's no guarantee we do get there and btc is controlled by some huge whales who can suck the life out of the market any moment.
 
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I'm also not sure whether to invest now or rather consider Alt investments in the view that they will follow BTC when it's run slows down...

I've just had to rebuild my car's engine so didn't have money to invest over the past month - However, I'm hoping to invest now after payday. I still have some BTC hodling from 2017. From the guys posting their Chart Analysis here, do you think there's still space to squeeze some profit from this run or would you consider Alts like XRP?
 
carstensdj said:
I'm also not sure whether to invest now or rather consider Alt investments in the view that they will follow BTC when it's run slows down...

I've just had to rebuild my car's engine so didn't have money to invest over the past month - However, I'm hoping to invest now after payday. I still have some BTC hodling from 2017. From the guys posting their Chart Analysis here, do you think there's still space to squeeze some profit from this run or would you consider Alts like XRP?
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Most alts are still way down from all time highs and the last alt boom happened after btc came down from $20k. Consider some of these which according to me have promising projects (plus minus off the top of my head)...

Etherium (eth) 313$ ($1400)
Eos : $7 20 ($20)
Cardano(ada) 10cent (1$)
Steller (xlm) 12 cents (95 cents)
Tronix (tron) 4 cents (20 cents)
Monero (xmr) $115 ($500)
Litecoin (ltc) $135 ($375)

I don't want to discuss too much in the btc thread but these all have high potential to exceed previous highs in the next bull market.
 
saor said:
My question would be: why are you considering buying now? Did you just free up some cash or is the FOMO kicking in due to the hype?
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nope been there done that...i still took out money when it went close to R300k

i dont follow this as much as you guys thats why im asking

cause i know it dropped to like R60k few months ago and now its climbing again

is it worth it to invest now and hopefully it can climb to around R250k or rather wait till it drops and climbs again
 
carstensdj said:
I'm also not sure whether to invest now or rather consider Alt investments in the view that they will follow BTC when it's run slows down...

I've just had to rebuild my car's engine so didn't have money to invest over the past month - However, I'm hoping to invest now after payday. I still have some BTC hodling from 2017. From the guys posting their Chart Analysis here, do you think there's still space to squeeze some profit from this run or would you consider Alts like XRP?
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yeah i also have btc and xrp from 2017 just sitting there ...its only seeing profits now again

xrp still not a profit cause i bought when it was at R28 or so
 
Countcrypto said:
Most alts are still way down from all time highs and the last alt boom happened after btc came down from $20k. Consider some of these which according to me have promising projects (plus minus off the top of my head)...

Etherium (eth) 313$ ($1400)
Eos : $7 20 ($20)
Cardano(ada) 10cent (1$)
Steller (xlm) 12 cents (95 cents)
Tronix (tron) 4 cents (20 cents)
Monero (xmr) $115 ($500)
Litecoin (ltc) $135 ($375)

I don't want to discuss too much in the btc thread but these all have high potential to exceed previous highs in the next bull market.
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Agreed, I don't mean to derail the BTC thread. Thanks very much for your advice though. Much appreciated!
 
I.am.Sam said:
nope been there done that...i still took out money when it went close to R300k

i dont follow this as much as you guys thats why im asking

cause i know it dropped to like R60k few months ago and now its climbing again

is it worth it to invest now and hopefully it can climb to around R250k or rather wait till it drops and climbs again
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The traders I follow and btc og's swear it's going to 100k$ now in one camp, and another camp swears the bull run starts only after a large 30 to 40% pull back and the institutional investors get involved.
 
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