The Bitcoin Thread

[Zulfi]

Haha yeah.. exactly there

 

[Gtx Gaming]

big wall at 165k, wonder if it will go past that today!

 

[carstensdj]

I remember back in the old days when I bought BTC for only R83k per coin! Ah those were the good old.... oh hang on, wait, that was only just over a month ago

 

[Gtx Gaming]

We have hit the wall! at 165k!

 

[Purply]

I remember back in the old days when I bought BTC for only R83k per coin! Ah those were the good old.... oh hang on, wait, that was only just over a month ago

I remember buying at around 18k a few months back.

 

[handyman007]

Dropping fast. I bought in again just below R160k whilst it was close to $9500 for a while because it looked like we'd break R160k. Dropped like 2 minutes after I bought in.

When did you buy for the first time?

 

[TelkomUseless]

When did you buy for the first time?

I bought my first one at @9k for a coin (but sold after a month or 2 when it dropped) DOH!!

That was about 4-5 years ago

 

[Zulfi]

We have hit the wall! at 165k!

How do you guys see the "wall"... ??

 

[Gtx Gaming]

How do you guys see the "wall"... ??

When there is quite bit of btc to be sold before it goes up in price

 

[Zulfi]

When there is quite bit of btc to be sold before it goes up in price

Sp when someone buys hose 17 btc, we broken thru the wall?

 

[Temujin]

Sp when someone buys hose 17 btc, we broken thru the wall?

Indeed

And its going quick, nom nom nom

 

[Flippy]

Almost at a R30k premium on Luno now.

All this fomo buying

When BTC drops and the panic selling starts , that's gonna be fun...

 

[Gtx Gaming]

169k!

 

[Voicy]

R169,300 ...

Make that R170k!

 

[SaiyanZ]

Almost at a R30k premium on Luno now.

All this fomo buying

When BTC drops and the panic selling starts , that's gonna be fun...

The only reason it is shooting up now is because we have a load of "instant buy" newcomers who don't follow the price and thus just go with the flow. Given that there aren't many sellers at R165k+, the price just keeps going. It will come down soon once a few start to sell and trigger a bunch of others, but who knows by how much. I think it will settle at around R165k given all the buyers and orders we have placed.

 

[Sensorei]

Remember to pay your 40% capital gains tax on those BTC profits guys! :crylaugh:

 

[MrGray]

Remember to pay your 40% capital gains tax on those BTC profits guys! :crylaugh:

CGT is not 40%.

 

[Sensorei]

CGT is not 40%.

Oh yes it is 40% after the R40,000 annual exclusion. It went up.

 

[Zulfi]

Yeah i been meanin to ask.. aren't there tax implications on this?

 

[Gtx Gaming]

Yeah i been meanin to ask.. aren't there tax implications on this?

Only if cash out to zar