-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: What is your non-negotiable item, device, or app for international travel?
The Bitcoin Thread
- Thread starter Keeper
- Start date
- Status
Mier
Expert Member
I reckon we'll see 121k very soon, once we breakthrough to 120001
And USD just about to cross over 8.2k
handyman007
Expert Member
- Joined
- Mar 1, 2017
- Messages
- 1,292
- Reaction score
- 666
Very, very soon!
Mier
Expert Member
done and done
Dan C
Honorary Master
121,995
Vox Populi Vox Dei
High Tory
My percentage return has now just gone over three figures due to my HODLing...but now I am also worried that Voicy is HODLing. Doom and gloom ahead?
Just to compare...when Zuma fired Nene in December 2015 I moved my investments to an ETF which tracks the US stock exchange. 18 months later and my return was a paltry 3%. For obvious reasons most money still in there but have taken out some to buy some BTC.
Last edited:
SaiyanZ
Executive Member
We have Great Wall of China vs Trump's Mexican border wall. Who will win?
SaiyanZ
Executive Member
It's dropping like lead whilst the Americans are fast asleep. They are going to be in for a surprise in the morning. Just dropped from $8100 to $7800 in 10 minutes and still going.
Last edited:
Kloofvreter
Honorary Master
SaiyanZ
Executive Member
So it drops like R2k and you call that dropping like lead?
4% in 10 minutes. Now only 3% because of the recovery. USD side. Luno has only dropped by about 2%. Make of that what you will.
Kloofvreter
Honorary Master
SaiyanZ
Executive Member
And it's still at R119k
Yeah, people woke up here and saw the USD price increasing up from $7800 whilst the price on Luno was stuck at R119k for a while. So they try all to buy in at R119k thinking that it won't go lower. It would have dropped all the way to around R117k had there not been people trying to get in. They're just lucky the USD price is recovering from $7800 or it would have hit R117k soon.
4% in 10 minutes. Now only 3% because of the recovery. USD side. Luno has only dropped by about 2%. Make of that what you will.
Lunomoney will be along shortly, pointing you to some blog post to allay your fears I'm sure.
Kloofvreter
Honorary Master
Climbing again, like lead
Why would the Americans be asleep at that time? We were the only ones sleeping then, well everyone except you...
SaiyanZ
Executive Member
I was hinting at the price on Luno being too high vs the USD movements. People are not doing the math and just buying into the hype when the price goes up slightly. R121k now on Luno. Let's see how long it holds although the USD price is increasing nicely again so it should be ok.
Like I mentioned before, I think the gap in SA wasn't opening up because of the psychological barrier at R120k, after that it just kept increasing with the dollar price. I think the dollar fall was actually good now because the SA market let the gap that it usually has open up again. When the dollar recovers I think the gap should stay quite constant.
SaiyanZ
Executive Member
Climbing again, like lead
Not like lead, maybe like iron or steel. The climb up doesn't compare to the drop down at 5:30.
Edit: The drop happened a few minutes after this news:
https://www.cnbc.com/2017/11/21/tet...edly-steals-30-million-of-digital-tokens.html
Last edited:
- Status