The Bitcoin Thread

[delta66]

have a short pos running USD/BTC with targets @$2989.30

 

[Knyro]

Are there shorting opportunities or is everyone bailing?

Yep. Short the bottom, then long the top.

 

[Dan C]

Is this for today only ?

 

[biometrics]

Wow, could break through $3,000 today.

 

[biometrics]

Yep. Short the bottom, then long the top.

Will first have to figure out how all of this works. Meh, too much effort.

 

[delta66]

Wow, could break through $3,000 today.

yes. im hoping it will

 

[biometrics]

have a short pos running USD/BTC with targets @$2989.30

Could you give me a tl;dr version on how to short?

 

[delta66]

Could you give me a tl;dr version on how to short?

using https://www.ig.com/za with funded international account...check it out/shout out if any q's

 

[saor]

BTC transactions are taking a long time to confirm .

 

[biometrics]

BTC transactions are taking a long time to confirm .

Buying or selling?

 

[JerryMungo]

Could you give me a tl;dr version on how to short?

http://www.investopedia.com/news/short-bitcoin/
http://www.investopedia.com/university/shortselling/shortselling1.asp
http://www.investopedia.com/terms/s/short.asp

 

[saor]

Buying or selling?

Just transferring between wallet/exchange.
They've both seen the transaction & I can see the transaction info but it's still not confirmed. Been about 3 hours now, probably just loads of traffic. I'm not worried about it not happening, am just used to it happening much quicker than this.

 

[JerryMungo]

using https://www.ig.com/za with funded international account...check it out/shout out if any q's

Nice one, thanks!

 

[Thor]

Luno - is the example why I use Bitcoin. Transfering money from Absa taking AGES.

 

[saor]

Just saw this on reddit re. transaction times (see the rainbow eruption on the right of the image): https://i.redd.it/quv9e59wtvlz.jpg

Followed by a comment:

For the past 2 hours, any transaction paying less than $2 went into the queue with no expected time to come out. Let's see how bad it gets.

Could it be a consequence of the BTC-China announcement? I suppose that many customers of the Chinese exchanges are scrambling to withdraw (while others are dumping at any price).

 

[saor]

Someone changed the previous graphic...

 

[Sensorei]

How long does Standard Bank to Luno's Standard Bank usually take if you EFT at night like now around 10pm? I've only transferred from FNB before.

 

[saor]

How long does Standard Bank to Luno's Standard Bank usually take if you EFT at night like now around 10pm? I've only transferred from FNB before.

I don't think even FNB transfers to luno clears outside of banking hours.

(Make sure you're using a bank account that's registered with Luno.)

 

[Sensorei]

I just noticed that for the first time that I have seen Luno's BTC value in ZAR is almost the same as the USD rate with a straight currency conversion. Only about 1-2% off. Usually there is more than a 10% premium.

 

[Sensorei]

(Make sure you're using a bank account that's registered with Luno.)

Ah oops. My Standard Bank account is not registered with Luno, but how can they miss it. It asks which Bank I'm transferring from (Standard Bank) and I used the correct reference. I haven't had problems with Ice3x transferring from different bank accounts. But yea, if something can go wrong it generally does.