The Bitcoin Thread

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Hope this is a decent correction happening and not just a quick dip.
 
Norrad said:
When a fork is created a new coin is created, in the upcoming one it will be Bitcoin Gold (BTG), so anyone holding any Bitcoins at the time of the fork will receive the equivalent in BTG for free.
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Will luno support this? as in will my BTG also show on luno
 
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A week out and people are shorting already? Pffft seems they ain't got the minerals to stay in this game! One things for sure there are going to be massive buy walls kicking in after this whole SW2X nonsense.

saor said:
Hope this is a decent correction happening and not just a quick dip.
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I think we will see one more ATH push before inevitable dump before/after SW2X kicks in.
 
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Dee96 said:
Will luno support this? as in will my BTG also show on luno
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Replied to a similar post a few pages back :)

handyman007 said:
Would like to hear from Luno about the Bitcoin Gold fork...
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Lunomoney said:
It's still a bit early to make a definitive call on this.
Please keep an eye on our blog for updates.
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Our blog is live about how we handle forks in general, including the upcoming S2X.
You can read it here https://www.luno.com/blog/en/post/luno-bitcoin-forks

Fork policy

If a new fork is announced, we will observe its market adoption and provide a level of support accordingly.

For example, in the case of Bitcoin Cash (BCH), there was significant interest from the community. It was listed on multiple reputable exchanges, and the price traded above 0.1 BTC for months. We, therefore, provided the ability to withdraw or sell BCH.

However, if there is a fork that isn’t embraced by a significant subset of the community, and is not listed by reputable exchanges, we won’t provide support for it. Our goal is always to ensure that customers don’t lose value associated with their funds.
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If anyone can sort out a Zimbabwean bank account, you can buy bitcoin on Luno, and sell on Zim's only exchange at about $13000
 
jman said:
If anyone can sort out a Zimbabwean bank account, you can buy bitcoin on Luno, and sell on Zim's only exchange at about $13000
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And then what do you do with the Zimbabwe dollars or bond notes? You can't transfer money from Zimbabwe unless you are one of the politically connected. The reason why the rate is high is because of cash and foreign currency shortages.
 
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Azg said:
And then what do you do with the Zimbabwe dollars or bond notes? You can't transfer money from Zimbabwe unless you are one of the politically connected. The reason why the rate is high is because you can't get any cash
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Not sure what getting cash has to do with the rate buyers are willing to pay for BTC.
You don't deal in cash, you use electronic banking? Prices quoted are USD. Paypal it out.
 
Sabre Wulf said:
Not sure what getting cash has to do with the rate buyers are willing to pay for BTC.
You don't deal in cash, you use electronic banking? Prices quoted are USD. Paypal it out.
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I was responding to jman. Once he has the money in his account he can't transfer it out from Zimbabwe, whether by PayPal or by normal banking transfers. The Zimbabwean bank will not process either transaction from your account.

The rate is high because Zimbabweans are using it as a means to evade foreign exchange controls i.e pay 13000 "dollars" in Zimbabwe, and get 7400 real dollars when you sell your bitcoin in an exchange outside Zimbabwe.
 
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Azg said:
I was responding to jman. Once he has the money in his account he can't transfer it out from Zimbabwe, whether by PayPal or by normal banking transfers. The Zimbabwe bank will not process either transaction from your account.

The rate is high because Zimbabweans are using it as a means to evade foreign exchange controls i.e pay 13000 "dollars" in Zimbabwe, and get 7400 real dollars when you sell your bitcoin in an exchange outside Zimbabwe.
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Good point - it's easy to forget that Bob has cracked down on sending money out the country.
This could be driving the price
https://www.techzim.co.zw/2017/09/send-money-zimbabwe-south-africa-study-263-uses-bitcoin-help/

It's basically the online black market
 
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