The Bitcoin Thread

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Sensorei said:
Ah oops. My Standard Bank account is not registered with Luno, but how can they miss it. .
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My bad...I thought the rep said not to but they actually said:

Lunomoney said:
Just replied to your PM, if the payment has come from ABSA you need to wait for standard bank clearance times. Remember that'll be a longer wait if the EFT is done outside of your bank cut-off times.

Please also know that depositing ZAR from a bank account other than your own is a violation of our terms. Deposits and withdrawals need to be done via a bank account that's in your name.

Please see my PM for further details.
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Looks like you can do it then.
 
Can confirm that FNB transfers do happen after banking hours.
 
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Sensorei said:
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.
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Have been using LUNO 27 June. Have also noticed many times where things let’s say don’t match up.
 
I have a feeling it will start climbing, it is up from R44k last night to R47k on Luno this morning.
 
PAYBACK said:
Have been using LUNO 27 June. Have also noticed many times where things let’s say don’t match up.
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You'll notice the same with any local exchange. It's quite normal.
 
PAYBACK said:
Can confirm that FNB transfers do happen after banking hours.
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Same, was surprised yesterday afternoon to have a fast reflection of money deposited.

Sad part was the climb was already happening and it took ages before BTC transfer reflected on Binance :(
 
Lol
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Viabtc made an announcement around half an hour ago that it's closing
 
At what price are you guys buying?

I've set a purchase order at R35k, as well as alerts at 45 and 40 while it was still 49k. The 45k alert pinged within a few hrs last night so I'll see what's up, but it looks like it's a little more stable now.
 
Voicy said:
At what price are you guys buying?

I've set a purchase order at R35k, as well as alerts at 45 and 40 while it was still 49k. The 45k alert pinged within a few hrs last night so I'll see what's up, but it looks like it's a little more stable now.
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Less than 45 just pinged on my phone bow
 
Voicy said:
At what price are you guys buying?

I've set a purchase order at R35k, as well as alerts at 45 and 40 while it was still 49k. The 45k alert pinged within a few hrs last night so I'll see what's up, but it looks like it's a little more stable now.
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Had order for ±R39,000 for a long time .... Since I cant monitor this any longer and changed to R46,000 ... Transaction done :erm:
 
Voicy said:
At what price are you guys buying?

I've set a purchase order at R35k, as well as alerts at 45 and 40 while it was still 49k. The 45k alert pinged within a few hrs last night so I'll see what's up, but it looks like it's a little more stable now.
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I don't think it will hit 35k... I'll aim to buy at around 40k...
In dollar terms it looks like the bottom should be around 2900...

I think now that a second Chinese exchange has announced its shutting, it would be safe to assume that most investors will price in the closing of all Chinese exchanges :/
You can argue that this is an overreaction to the Chinese exchanges closing, but the market seemed due for a pullback...
 
FYI if any of you don't have the app "Blockfolio" you should consider getting it. It's fantastic.
Can keep a portfolio of all cryptos... But can also view graphs and order books for all exchanges...
 
balrog said:
I bough some at 46K and a bit more at 45k. Gonna add some funds to put in lower buy orders for over the weekend...
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Great idea.. I'm looking for a further drop and I'll invest about 25K
 
The interesting thing about the Chinese bombshell is the rumour that China is not opposed to Bitcoin/Crypto markets per se, they just have a problem with them not being regulated. Logically, this opens the possibility that after the current round of shutdowns, new exchanges that play by the rules will emerge (or the old ones will satisfy whatever regulatory requirements there are and re-open). So this makes a tantalising long shot play - because if this is how badly the market reacts to China closing down the exchanges, can you imagine how it will skyrocket when the first "legal" government approved Chinese exchanges start opening again. The only issue is timelines and the nature of those regulations - will they take years or weeks to establish "legitimate" exchanges, and will the regulations be practical, and will it happen at all?
 
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