The Bitcoin Thread

[SaiyanZ]

But isnt then in their best interest to make it increase significantly like it did to R317 000, and then have to drop to like R250 000?

They make money either way so they'll do whichever is easier to pull off at the time.

 

[F1 Fan]

Guys, does Luno tie the price of Ether and Bitcoin? Whenever Bitcoin goes down, Ether goes up. The reverse also happens. Why is that?

 

[faniebraai]

Guys, does Luno tie the price of Ether and Bitcoin? Whenever Bitcoin goes down, Ether goes up. The reverse also happens. Why is that?

because people are likely moving their coins between the two

 

[Dan C]

because people are likely moving their coins between the two

I do

 

[faniebraai]

I do

Dips and peaks, ammarite?

 

[Temujin]

Guys, does Luno tie the price of Ether and Bitcoin? Whenever Bitcoin goes down, Ether goes up. The reverse also happens. Why is that?

Like all alt coins(majority anyway), they're traded mainly in btc. If btc goes up, but eth stays the same, the dollar value remains, which means its less btc, make sense?. Eg, you buy 1eth for 1btc, btc currently $10k. btc price then goes to $20k, that 1eth is now worth 0.5btc. $ value remains.

 

[randomwalsh]

Is there a way to monitor Luno BTC send fees, their dynamic fee pricing is a killer. I want to send BTC when network is not too busy

I always sell my BTC and buy ETH before sending from Luno to another exchange.

 

[The Philosopher]

Hmm, so you rather incur the 1% fee than send with btc?

 

[randomwalsh]

Hmm, so you rather incur the 1% fee than send with btc?

normally not in a big rush so I try be a maker instead of a taker.

 

[Hempiz]

Hmm, so you rather incur the 1% fee than send with btc?

BTC to ETH is 0.25% fees on the exchange as taker...not 1%

 

[randomwalsh]

and then also the time of the transfer is better using eth

 

[The Philosopher]

BTC to ETH is 0.25% fees on the exchange as taker...not 1%

What is market taker vs maker?

 

[bigboy529]

Which wallet are you guys using for Eth apart from Luno's?

 

[acidrain]

What is market taker vs maker?

Maker adds liquidity to the order book - An order that won't be filled right away until it gets to your price.
Taker removes it - An order that is immediately filled.

 

[saor]

Which wallet are you guys using for Eth apart from Luno's?

Not hardware but I use myetherwallet quite a lot.
Get the link from their official twitter page: https://twitter.com/myetherwallet?lang=en
(I'm accessing it via the Chrome extension).

 

[bigboy529]

Not hardware but I use myetherwallet quite a lot.
Get the link from their official twitter page: https://twitter.com/myetherwallet?lang=en
(I'm accessing it via the Chrome extension).

Does it have a iOS app?

 

[Hamster]

Which wallet are you guys using for Eth apart from Luno's?

Exodus

 

[SlowInternet]

Another noob question from me. When this Lightning Bitcoin Hardfork happens will there be "free" coins ? And if/when it happens I presume you should not have your BTC on Luno exchange but in a wallet.

 

[voldoverse]

4 days, $20k by christmas

care to elaborate how?

 

[Heisenborg]

Ok it can stop dropping now