Do you own bitcoin?

I used to spend Bitcoins when KIPI - mydeposit stokvel was still active
 
TrueTenacity said:
Started mining in August last year. have already mined $80 in bitcoins... growing slowly...
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$80s in 9 months?

My predicted monthly income is $50 using (mostly) my single GTX1060 on NiceHash. The GTX560Ti and GT630 in the other PCs only mine decred, but we started switching them off as of this morning. We still in testing phase, but the idea is to get a couple of this 8Gh/s GekkoScience USB miners.
 
saor said:
Why not just keep the conversation public?
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Fear of asking stoopid questions in public I guess. But you're correct.

So... I have a Luno Wallet. Bought some Bitcoin there. Then Opened a Coinbase Account.

Now what?

Do I trade the BC for dollars? Another currency? Just keep buying BC?
 
skeptic_SA said:
Fear of asking stoopid questions in public I guess. But you're correct.

So... I have a Luno Wallet. Bought some Bitcoin there. Then Opened a Coinbase Account.

Now what?

Do I trade the BC for dollars? Another currency? Just keep buying BC?
Click to expand...
I assume you want to buy Ethereum, hence the need for a coinbase account? If not, and you're only interested in bitcoin - then you don't need a coinbase account & can do it all locally via Luno. You can either buy or sell directly from the exchange, or you can buy / sell on the marketplace: https://www.luno.com/trade/XBTZAR.
 
No (very small amount of other cryptocurrencies yes).

The FBI owns 144 000 Bitcoins, seized from illegal operations
 
saor said:
I assume you want to buy Ethereum, hence the need for a coinbase account? If not, and you're only interested in bitcoin - then you don't need a coinbase account & can do it all locally via Luno. You can either buy or sell directly from the exchange, or you can buy / sell on the marketplace: https://www.luno.com/trade/XBTZAR.
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Actually not 100% convinced what to do with them. Since they don't appear as volatile as ZAR and (seemingly climbing in value) - curious to know if they should be changed for USD now (USD as an example) or just accumulated for later use? I dont have a sizeable investment. Couple thousand ZAR. Just dont want to add Bitcoin to my SchoolFees thread.
 
A couple of years ago I considered getting in to it but unfortunately never did.
Just the other day I read about a guy who mined quite a lot back in 2009 when it was still easy, he did it with a Dell laptop. Someware along the line he threw away the Dell laptops hard drive and today the bitcoin on that hard drive is apparently worth millions of Dollars.
 
bigboy529 said:
A couple of years ago I considered getting in to it but unfortunately never did.
Just the other day I read about a guy who mined quite a lot back in 2009 when it was still easy, he did it with a Dell laptop. Someware along the line he threw away the Dell laptops hard drive and today the bitcoin on that hard drive is apparently worth millions of Dollars.
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One of the first transaction was for two pizzas, 10 000 Bitcoins. In 2013 it would have been worth $7 million
 
Bought some a few years back. Sitting at 500% growth in "investment" - not a fortune but a nice little bundle. Then bought some Eth a few months back at $10.50. >300% return on that now. Could have bought more, but don't regret not doing so as it that's just the fallacy of hindsight - it's high risk and could theoretically have gone the other way. Now I'm debating my long term hold strategy. Do you take profit now and but then it goes up another 500% in years to come or kick yourself for not selling if the bottom drops out of the market? It all comes down to the extent to whether it's a bubble that can be burst by unknown factors (e.g. govt crackdowns, technical issues, etc) or actually the initial phase of a significant long term change in how the world uses money.
 
douzy said:
No. No. No. I think it's too late for me now.
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It's never too late.
Grant said:
i have none

never really bothered to try understand the concept fully - but perhaps it's time
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It is. I'm in it for the last 2 weeks. I am planning for more H/s and less electricity use.
skeptic_SA said:
Actually not 100% convinced what to do with them. Since they don't appear as volatile as ZAR and (seemingly climbing in value) - curious to know if they should be changed for USD now (USD as an example) or just accumulated for later use? I dont have a sizeable investment. Couple thousand ZAR. Just dont want to add Bitcoin to my SchoolFees thread.
Click to expand...
Just convert ZAR to BTC. It should grow fine enough there.
 
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