Bitcoin Thread

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Randux said:
Is it cheaper to buy Bitcoin from Valr then send it to Binance instead of buying it using a card? Also, does FNB allow crypto purchases on Binance?
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Can't give you a straight answer, but I can give you a real life example.
On 2021/02/26 at 12:28:20 I spent R15000 on BTC/ZAR with my FNB credit card on Binance and received 0.020297 Bitcoin.
I was quoted a price of R724244 and charged R300 for the credit card transaction by Binance.
Binance's chart for that time shows a candle with a low of R698087 and a high of R700522. The difference in the quoted price and price on the chart is apparently something to do with the exchange rate of USD. Doesn't make much sense to me but anyway.
VALR's chart for that time shows a price of R727106.
I don't know how much it would to cost to send BTC from VALR to Binance.
 
SirFooK'nG said:
I wish :ROFL: ... no, but R18K gpu breaking isn't a scenario I want to be in...
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Yeah considered that too. The math checks out a bit easier on my 2070S. Just needs to survive two months basically. Temps seem to be low 70 so that presumably should be fine
 
Your GPUs not going to fry from mining unless you do crazy memory overclocks. They should be able to mine 24/7 for a few years. My RTX 3060Ti and 3070 are running -502Mhz underclocks on the GPU cores so the core is under no strain. The 5700XTs which pull 220W+ when gaming are only pulling 100W when mining.

I know guys who are mining on the same cards now since 2017.
 
Prediction friday....

That little head/shoulders forms and price falls through to that longer-term support level. But I kinda hope it just does more sideways from here instead. Give alts some breathing room.

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saor said:
Prediction friday....

That little head/shoulders forms and price falls through to that longer-term support level. But I kinda hope it just does more sideways from here instead. Give alts some breathing room.

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Volumes are repeatedly spiking briefly then dropping to pretty stable, aren't they? At the moment not any sign of huge volumes either up or down. Sideways move does seem likely, but predictions for bitcoin are way beyond me yet (ever? ;) ). At this atge all I can do is "watch and learn". Way too expensive for my budget.
 
UK just joined the USA in banning Huawei 5G. And the political turmoil continues. Nice to have a hedged, decentralised store of value at your fingertips...
 
saor said:
Prediction friday....

That little head/shoulders forms and price falls through to that longer-term support level. But I kinda hope it just does more sideways from here instead. Give alts some breathing room.

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Yeah. I'm looking at some intriguing small caps this week.
 
Wary GOM said:
At this atge all I can do is "watch and learn". Way too expensive for my budget.
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Remember that if you're trading, price is irrelevant; there is no 'expensive'. There's just entry points that lead to profit and some that don't; a 10% move is 10% regardless of what your cost of entry was.

Maybe take a small amount you don't really wanna lose and trade with it. Because all this charting malarkey, when it comes down to it, accounts for 5% of what determines your trade. The other 95% is your emotions being played like a puppet by the market. You will fomo and fall into every known trap and you will lose money again and again. The only way to get some edge is to become familiar with how irrational, emotional and greedy a creature you can be and learn to notice the signs of your emotions executing trades. Obviously I'm just speaking for myself here, but I'd be surprised if this wasn't generalizable to most causal traders at home.

No matter how rational you think you are, when real money is on the line you will do stupid ****. Learning 78 candlestick patterns isn't necessarily the best use of your time.
 
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Sensorei said:
Everyone's a genius in a bull market until it ends and most lost their profits.
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Yup. One of the things that gets me over and over is I get lazy with my stop-losses during a bullish market. Well, I get used to being in profit and so the fear of taking a loss means I'll sometimes let the loss ride out in the hopes that it comes back up again. And what do you know - the markets swings down and I've got a trade that's approaching a 40% loss; money that's now unavailable for trading because it's locked up in a trade I'm still hoping will swing up again.
 
saor said:
Yup. One of the things that gets me over and over is I get lazy with my stop-losses during a bullish market. Well, I get used to being in profit and so the fear of taking a loss means I'll sometimes let the loss ride out in the hopes that it comes back up again. And what do you know - the markets swings down and I've got a trade that's approaching a 40% loss; money that's now unavailable for trading because it's locked up in a trade I'm still hoping will swing up again.
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Off topic slightly, any fx traders here, and any full time fx traders here in SA at least?
 
I haven't read the thread (obviously too much info).

What does cloud mining prospects look like these days?
Is it worth it? If it is, who do you recommend that won't break the bank?
 
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