Haha! Sounds goodIf you want, sure. It's your money.
I just ordered a ledger nano s to take my coins off the exchange & lock them away for 3 years. Looking forward to buying a house cash.
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The Bitcoin Thread
- Thread starter Keeper
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Haha! Sounds good
The price is rising fast. Im expecting a big correction around dec 11th when btc futures open.
I wanna buy in more but will have to wait for a dip.
Agreed. I'm also waiting for a bit of a drop to buy a bit more.
how big correction do you think?
Tman*
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Care to elaborate a bit as to why you think it will dip with the launch of futures?
With the launch comes hype and its essentially opening a "new" market, if anything I predict it will climb even further?
Absolutely no clue. It could shoot up to R250k in a day or fall down to R100k...
All depends on at what price people have sell walls.
Whichever way it goes is good news. If it moons , we make bank. If it bottoms out, we buy coin cheap from suckers who sell and hodl.
We are R21 from hitting R180k... at R115k I thought I was being silly. To think merely 2.5 months ago I was too scared to buy 1 BTC for R37k.
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Absolutely no clue. It could shoot up to R250k in a day or fall down to R100k...
All depends on at what price people have sell walls.
Whichever way it goes is good news. If it moons , we make bank. If it bottoms out, we buy coin cheap from suckers who sell and hodl.
We are R21 from hitting R180k... at R115k I thought I was being silly. To think merely 2.5 months ago I was too scared to buy 1 BTC for R37k.
haha tell me about it! i wish 2.5 months ago i actually bought SOMETHING!
Nevertheless, never too late with BTC
Precisely because of the new market. It brings with it a ton of new investors who havent been through dips like we have.
The price will go up. Sell walls will trigger. Price will drop...new investors will panic sell...price drops even more...causing even more to panic sell.
Im speculating of course.
So the question is whether it'll drop further than it is now. Or do we buy before futures pushes it up to baller level.
R179,999!
Im expecting to see big sell walls at R180k...might be a chance to grab some if it falls back to R175k today.
...and there it is. Sell order for 13BTC at 180k!
Edit: make that 20.8BTC
Im expecting to see big sell walls at R180k...might be a chance to grab some if it falls back to R175k today.
...and there it is. Sell order for 13BTC at 180k!
Edit: make that 20.8BTC
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CBOE BTC Futures 10 December.
Kloofvreter
Honorary Master
And fokken Luno is again forcing me to hold ETH 
:crylaugh:
Wanted to sell some since it's dropping to buy BTC, but anyway.
:crylaugh:Wanted to sell some since it's dropping to buy BTC, but anyway.
And fokken Luno is again forcing me to hold ETH
Wanted to sell some since it's dropping to buy BTC, but anyway.
Lol dont even go there. Somebodyshould poke it with a stick to see if its still alive.
Im ignoring my ETH coins now completely. Theyre worth too little to even bother exchanging for BTC...BUT hope they surprise us and shoot up later. Its cheap enough to gamble with even though I dont trust it all that much.
Not keen to make the same mistake with ETH that so many made with BTC early on when it wasnt moving. Mate of mine sold 1000BTC at R300/btc back in the day because it wasnt moving.
Tman*
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answered with a buy order for 22BTC @ R179 999 :wtf:
Was about to say, what sell wall?
what exactly does this mean tho? i mean how does a sell wall at 180k translate to a possible drop? excuse my ignorance
When you're in a new place and you see people running one way, which way would you run?
If everyone sells, people get spooked. Also sell because maybe the rest know something they don't. The more people sell, the cheaper the price gets (because people would undercut the guy above them just to avoid fees).
MrGray
Honorary Master
It means that there is a relatively big qty to sell. If the sellers hold out for their price it will have little effect but will impede the upward movement as those will have to be consumed at that price before moving to higher asks. But sellers will often edge their price down to meet buyers if their isn't enough matching demand. And if the market sees a large qty being sold it might interpret it as a signal to do likewise.
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