The Bitcoin Thread

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schumi said:
Sold yesterday thinking it was too close to Luno ath
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Awh come on schumi, have you learnt nothing from my mistakes? :p

I see the price has jumped back up from R160k on Friday night to R171k.

I'm excited to see what'll happen over christmas. I won't be around for the entire month so it's quite tense.
 
some good money made over the weekend :D

9.9K price should be rolling in soon - I hope
 
Winklevoss twins used $11m Facebook payout to become world's first Bitcoin billionaires :D

The twin brothers who sued Mark Zuckerberg claiming he stole the idea for Facebook are worth more than $1bn after capitalising on the astonishing rise in Bitcoin.

An $11m (£8m) bet on Bitcoin made by Tyler and Cameron Winklevoss over four years ago has ballooned by almost 10,000pc after last week’s price surge. It is believed to be the first billion-dollar return made by a cryptocurrency investor, a landmark moment for the controversial asset.

http://www.telegraph.co.uk/technology/2017/12/02/winklevoss-twins-become-first-bitcoin-billionaires/
 
Which international exchanges are you guys using for trading Bitcoin? I'm thinking of transferring a couple BTC to try trading on Bitfinex. The SA market is so dead on weekends and even on weekdays only gets decent volumes if the USD price moves a lot.

I have been watching a couple indicators for a few days and have a better idea of what's going to happen on Bitfinex than Luno. Mainly because of the low volumes here.
 
SaiyanZ said:
Which international exchanges are you guys using for trading Bitcoin? I'm thinking of transferring a couple BTC to try trading on Bitfinex. The SA market is so dead on weekends and even on weekdays only gets decent volumes if the USD price moves a lot.

I have been watching a couple indicators for a few days and have a better idea of what's going to happen on Bitfinex than Luno. Mainly because of the low volumes here.
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Yes, Luno's volume has been painfully low in particular this weekend, moving at a snails pace considering what's been going down! I use Bitfinex as a reference but the fees are too high for makers, as is Bittrex, Poloniex. Cex.io has 0% fee for makers so that is an option for me, but I am yet to move from Luno for day trading fun. Cex's volume is not very high but still has much better liquidity than Luno.
 
On a related note, is it possible to make the Luno notifications on the app play a louder sound? Rather than just sending a notification of a price change. Say maybe make it play an alarm or ringtone instead.
 
SaiyanZ said:
On a related note, is it possible to make the Luno notifications on the app play a louder sound? Rather than just sending a notification of a price change. Say maybe make it play an alarm or ringtone instead.
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Luno need to change this is in their app! Unfortunately it uses your phone's default notification tone and volume setting. So if you want to be woken up in the middle of the night for price alerts you'll have install the Luno app on another phone or tablet that has no other app's with notifications that could drive you crazy.
 
Temujin said:
Have to wonder how long it will be before someone hacks it and launches a fake 'crash' so they can grab all the coins 50% off? /shrug
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Not sure if serious but if you think the bitcoin protocol can get hacked I also got a bridge to sell to you.

Btw, bitcoin crashed/died just under 200 times now, it is quite a powerfull cat.

All these articles are mumbo jumbo not to be taken seriously just cause they keep using the term bitcoin bubble for the 200th time. They will never get away from stating it as a bubble because using fear sells articles and generates traffic.

I also call total bullsh$t on that app. It wont predict any more accurately when a crash is imminent than rolling bones or randomly selecting a date on a calendar. If enough people use this APP it could actually produce a crash rather than predict it since user would get bogus info that the bubble is about to burst and dump their coins and actually creating a crash.

ps. Look at the API output still placing BTC price at $10883 (real market average sit at ~$11500) , this thing is a hoax and the info is not at all real time.
 
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John Tempus said:
Not sure if serious but if you think the bitcoin protocol can get hacked I also got a bridge to sell to you.

Btw, bitcoin crashed/died just under 200 times now, it is quite a powerfull cat.

All these articles are mumbo jumbo not to be taken seriously just cause they keep using the term bitcoin bubble for the 200th time. They will never get away from stating it as a bubble because using fear sells articles and generates traffic.

I also call total bullsh$t on that app. It wont predict any more accurately when a crash is imminent than rolling bones or randomly selecting a date on a calendar. If enough people use this APP it could actually produce a crash rather than predict it since user would get bogus info that the bubble is about to burst and dump their coins and actually creating a crash.

ps. Look at the API output still placing BTC price at $10883 (real market average sit at ~$11500) , this thing is a hoax and the info is not at all real time.
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My post has nothing to do with any blockchain being hacked. Its not on blockchain. Its an app monitoring exchanges and prices, no different to my bot I run check price changes... now, imagine I have access to a database of say a couple of hundred thousand btc hodlers all waiting for the 'app' to tell them when to buy/sell/its crashing, sell quick etc... yeah, I could dump, put a nice big buy order in very low and just push the 'btc crashing' button and just watch everyone sell off, thats what I'm saying, this site/app whatever you want to call it could be used/hacked to create a crash... hell, doesn't even need hacking, devs could do it themselves and get away with it, 'look, our ai was right, teeheehee'

In fact, all I see this actually doing when it gets large numbers of users, is its going to create very large sell offs and eventually create a crash /shrug
 
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Temujin said:
My post has nothing to do with any blockchain being hacked. Its not on blockchain. Its an app monitoring exchanges and prices, no different to my bot I run check price changes... now, imagine I have access to a database of say a couple of hundred thousand btc hodlers all waiting for the 'app' to tell them when to buy/sell/its crashing, sell quick etc... yeah, I could dump, put a nice big buy order in very low and just push the 'btc crashing' button and just watch everyone sell off, thats what I'm saying, this site/app whatever you want to call it could be used/hacked to create a crash... hell, doesn't even need hacking, devs could do it themselves and get away with it, 'look, our ai was right, teeheehee'

In fact, all I see this actually doing when it gets large numbers of users, is its going to create very large sell offs and eventually create a crash /shrug
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Yep sorry misinterpreted what you meant by hack, my bad.

And I agree, this fake app looks more like a fake market moving concept by spamming everyone who subscribe that the market is about to crash so everyone dump to get out early thus creating the crash.

Something this primitive and fake can do real damage if enough big traders add any weight behind it. Simple scam to executed with maximum damage potential.
 
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