The Bitcoin Thread

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SaiyanZ said:
Also note that you rely on someone else being a Taker to fulfill your order. If nobody does an instant buy at your price then you won't be able to sell and get out and the price could keep going down.
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So you really cant get out of a fall without the 1% fee.
 
SaiyanZ said:
Also note that you rely on someone else being a Taker to fulfill your order. If nobody does an instant buy at your price then you won't be able to sell and get out and the price could keep going down.
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Yes, should have mentioned that, if you want no fees, you're waiting on others to buy from you or sell to you. If its 'crashing' and you want out, you either pay the fee or risk it waiting for a buyer
 
On the subject of HODL. If I hadn't made a decision to cash out my mining proceeds on a weekly basis for the past 2.5 months, I would have made R100k by now instead of R50k. The decision to cash was deliberate and I stand by it regardless. Just an interesting observation.
 
Sabre Wulf said:
On the subject of HODL. If I hadn't made a decision to cash out my mining proceeds on a weekly basis for the past 2.5 months, I would have made R100k by now instead of R50k. The decision to cash was deliberate and I stand by it regardless. Just an interesting observation.
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Drinks on Sabre :whistle:

Table 58
 
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Sabre Wulf said:
On the subject of HODL. If I hadn't made a decision to cash out my mining proceeds on a weekly basis for the past 2.5 months, I would have made R100k by now instead of R50k. The decision to cash was deliberate and I stand by it regardless. Just an interesting observation.
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Dont look at it as losing money. You can only be judged for making decisions with the information you have at the time.

Same goes for anyone who bought or didn't buy.

This is a wild crazy ride and interesting to see, but I don't think we're fair on ourselves to cry about not buying a ton of coins back when it was cheap or cashing out when reasons led to such. That would be the same as being sad that you couldn't predict last night's lotto numbers after seeing them today.
 
Voicy said:
Dont look at it as losing money. You can only be judged for making decisions with the information you have at the time.

Same goes for anyone who bought or didn't buy.

This is a wild crazy ride and interesting to see, but I don't think we're fair on ourselves to cry about not buying a ton of coins back when it was cheap or cashing out when reasons led to such. That would be the same as being sad that you couldn't predict last night's lotto numbers after seeing them today.
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Thanks - agree. R50k is R50k :)
 
PAYBACK said:
50% coREKTtion incoming
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Yeah, it's ridiculous. People are buying like crazy. USD price has been increasing in the last two days but not by so much if converted to Rands. I'll just jump in and out when an opportunity arises.


Edit: I always thought that we had arbitragers on Luno that kept the price pegged at roughly (USD price + 10%) x exchange rate. The 10% is for fees and margin. i.e. buying on a USA exchange, transferring to their Luno wallet and selling on Luno.

Maybe the USA market has been moving a bit too fast in the last two days for them to keep up. Or there never were people doing arbitrage in the first place? Or the transfers can only be done on weekdays? Or they could be waiting to see how much the Rand depreciates on Monday after the downgrade on Friday night. Then once it stabilizes, they'll start trading again and drop the price. It's a mystery.

Without any arbitragers, the USD price means little to nothing when trading on Luno. We do follow the same trend but it's quite exaggerated in the last few days.
 
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Bliksem. Just checked Luno, about to hit 158k :wtf:
20% up in 24hrs

Anyone else feeling a bit nervous?
 
I think it'll come down a bit.

The margin over $ exchanges is almost 18%.
 
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