The Bitcoin Thread

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geecee said:
:crylaugh: this is what I am afraid of, but I guess I should start the process,
Just wish I could get exodus to work all i get is a blank screen
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Looks like they are processing again - so if you can get it to exodus before the fork and keep them there - you should be good
 
Some EMAs crossing and looking like it might close below 100EMA on the daily.

Hate indicators but I think this is what’s called Bear Season
 
I have some noob questions (which maybe has been asked before):

1. Luno enabled ETH recently but you can not "trade", only "buy and sell" and "send and receive". Whats the difference between trading and buying and selling?
2. Why is the bitcoin price on luno so much higher than that listed on say fx-rate.net
3. A friend told me he does not like luno (they are to small, not a real "exchange", can't export private keys) and that he prefers some larger international exchanges where you can simply buy with your credit card. I'm not sure how he would get his "money" out into rands (I'm guessing either through paypal or buying stuff on stores which excepts bitcoin).
4. Can someone comment on fees/costs of bitcoin. Say you bought R10000's worth of bitcoin, wait till the price doubles and then cash it back out, what are typical fees on typical exchanges. (I'm looking for ballpark numbers for typical exchanges - just to get a rough idea and perhaps some tips on how to minimise said fees).
5. I also wonder how "new" bitcoins are created, how the initial coins were exchanged for money, who pocketed that money and when are you buying/creating new bitcoin vs just trading with someone who already has some. Does this relate to my question 1?
Maybe someone can suggest some neat tutorial on this subject?
 
Looks like another drop is imminent. Just need USD price to drop another $500 and people will switch from buy mode to sell mode on Luno.
 
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