Bitcoin Thread

[Romeo_RX]

Seriously? Are there no true believers left among you? You are weak. You lack honour. Your names are as trustworthy as fiat.

 

[Dan C]

ETH

 

[Heisenborg]

Ready for noob trap

 

[AfricanTech]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

 

[Tman*]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

You probably forgot about that R3500 anyway. I say hold.

 

[backstreetboy]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

Cash out your pension and take out a homeloan and invest some more.

 

[Romeo_RX]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

You are asking for consensus from people reading tea leaves. You may as well flip a coin.

Buy bitcoin instead.

 

[Dan C]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

 

[UB40]

My crypto is up 55% in 4 weeks, sitting at R84k now

 

[UB40]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

HODL
This roller coaster ride is only just starting now.
@Snyper564 says do not cash out, not yet, not this year

 

[Snyper564]

My 3.5k Eth portfolio has doubled in value to 7k ZAR from when I first dabbled about 3 years ago.

So what’s the collective wisdom - hold or cash out?

well its 7k not to be funny not life changing money leave it and forget.

my biggest regret was selling xrp that I bought for 1k years ago that was 140k 6 months later.

 

[Snyper564]

So what you'll saying is cash out now

nah the doge noise needs to continue for a bit its way to early to call the end of this bull run likely 3 months post halving.

 

[Romeo_RX]

nah the doge noise needs to continue for a bit its way to early to call the end of this bull run likely 3 months post halving.

I don’t even know how the halving works, but this is exactly what I said because I know it’s one of the things causing the current hype.

 

[Romeo_RX]

Cash out your pension and take out a homeloan and invest some more.

Explain your conviction please sir.

 

[Romeo_RX]

Does Tesla still have their Bitcoin?

 

[UB40]

I don’t even know how the halving works, but this is exactly what I said because I know it’s one of the things causing the current hype.

Explain your conviction please sir.

I dont even know myself how this halving works as I only joined the crypto rush 6 months ago so I am excited to see what happens next month.
Ignore Backdoor boy, he only goes FNB & Bosch, everything else in life sucks

 

[Snyper564]

I don’t even know how the halving works, but this is exactly what I said because I know it’s one of the things causing the current hype.

Tldr

Miners get paid x for mining a block.

Every halving they get paid 0.5x. Then the next one 0.25x also with blocks getting more and more difficult to mine. This is essentially there to make btc anti inflationary so it becomes more and more valuable over time.

Halving hype can drive btc prices up a lot. But obviously be careful

 

[UB40]

Tldr

Miners get paid x for mining a block.

Every halving they get paid 0.5x. Then the next one 0.25x also with blocks getting more and more difficult to mine. This is essentially there to make btc anti inflationary so it becomes more and more valuable over time.

Halving hype can drive btc prices up a lot. But obviously be careful

This is how I was reading it as well. With technology getting faster and faster each year it becomes quicker to mine a coin. So by halving they now spend double the time mining a coin, thus increasing the value of a coin, otherwise coins will become worth nothing if anyone could mine them in just a few hours.

 

[Bunta]

Tldr

Miners get paid x for mining a block.

Every halving they get paid 0.5x. Then the next one 0.25x also with blocks getting more and more difficult to mine. This is essentially there to make btc anti inflationary so it becomes more and more valuable over time.

Halving hype can drive btc prices up a lot. But obviously be careful

Just to add, there's only 21m BTC ever. Of which, 19,65m are in Circulation. So, demand > supply = higher price.
ETF, Halving, Supply becoming low, demand increasing, etc, all this adding to the price.
BUT, beware, expect a correction in April/May (maybe even towards end March).

After that, there will be euphoria, till Nov /Dec then a correction and bear market again.

 

[UB40]

Just to add, there's only 21m BTC ever. Of which, 19,65m are in Circulation. So, demand > supply = higher price.
ETF, Halving, Supply becoming low, demand increasing, etc, all this adding to the price.
BUT, beware, expect a correction in April/May (maybe even towards end March).

After that, there will be euphoria, till Nov /Dec then a correction and bear market again.

I am holding onto all my coins for another 10 years before I decide to cash in. So much temptation now to cash in but I am going to wait it out and see where this rollercoaster takes me