The Bitcoin Thread

[Zulfi]

*rolls D30*

$30k by end feb

What? Haha dude i just love your enthusiasm... Can i ask, are you simply an optimist or you have reason to believe in the possibility of that kinda growth

 

[Zulfi]

i mean i been reading article of how bitcoin is no longer being used by the underworld coz its a dead currency and bla bla.. put my fears to rest please

 

[Temujin]

What? Haha dude i just love your enthusiasm... Can i ask, are you simply an optimist or you have reason to believe in the possibility of that kinda growth

Optimist, erm, well, I did start with the D100, but thought, meh, not just yet.

I'm in it long term. I believe in the tech(blockchain). Even if some fancy new coin comes along(like one of the many alts I have), and is used worldwide, it'll still be traded with btc for a long time. 2017 was just a taste of things to come and will look like peanuts in a few years. By the end of this year people will be crying cos they never got in at as little as R300k. Big things coming to btc soon, lightning network for example is on testnet and close to being rolled out, that alone is going to make the price fly, add in **** like the nasdaq etc, well, you make up your own mind

 

[Voicy]

i mean i been reading article of how bitcoin is no longer being used by the underworld coz its a dead currency and bla bla.. put my fears to rest please

Again, never invest what you can't afford to lose.

Now that we've covered that. If you don't need the money, why cash out? HODL.

Bitcoin is almost guaranteed to skyrocket with lightning network and mass adoption from investment firms and governments. I think the only REAL hesitance we have is not IF it will go up, but how long to wait for the next dip before buying in more.

I think you bought in at a pretty high price, I've done the same on more than one occasion, but it's always exceeded that after numerous dips.

If you have more than 1 BTC in pocket then over the course of a day 2 weeks ago you would've "lost" over R100k...which could trigger panic selling, but then you guarantee that loss, if you hodl out, it can recover over time.

Dont look at the ZAR or USD value of your bitcoin. No matter what happens short term, you still have the same amount of BTC as long as you HODL.

When I was a noob I think I lost out about 20% of my then hodlings by panic selling and rebuying when it bounced back up ... 3 times over. But all that seems like chop change compared to pricing now.

 

[Zulfi]

Optimist, erm, well, I did start with the D100, but thought, meh, not just yet.

I'm in it long term. I believe in the tech(blockchain). Even if some fancy new coin comes along(like one of the many alts I have), and is used worldwide, it'll still be traded with btc for a long time. 2017 was just a taste of things to come and will look like peanuts in a few years. By the end of this year people will be crying cos they never got in at as little as R300k. Big things coming to btc soon, lightning network for example is on testnet and close to being rolled out, that alone is going to make the price fly, add in **** like the nasdaq etc, well, you make up your own mind

bra.. what is D100? lol excuse my ignorance

 

[Zulfi]

Again, never invest what you can't afford to lose.

Now that we've covered that. If you don't need the money, why cash out? HODL.

Bitcoin is almost guaranteed to skyrocket with lightning network and mass adoption from investment firms and governments. I think the only REAL hesitance we have is not IF it will go up, but how long to wait for the next dip before buying in more.

I think you bought in at a pretty high price, I've done the same on more than one occasion, but it's always exceeded that after numerous dips.

If you have more than 1 BTC in pocket then over the course of a day 2 weeks ago you would've "lost" over R100k...which could trigger panic selling, but then you guarantee that loss, if you hodl out, it can recover over time.

Dont look at the ZAR or USD value of your bitcoin. No matter what happens short term, you still have the same amount of BTC as long as you HODL.

you my man, are a ****ing legend! thanks Voicy.. i guess im HODL'n!!

 

[Temujin]

bra.. what is D100? lol excuse my ignorance

*faints*



https://www.amazon.com/Bescon-Compl...s&ie=UTF8&qid=1515065369&sr=1-2&keywords=d100

 

[Voicy]

you my man, are a ****ing legend! thanks Voicy.. i guess im HODL'n!!

No no, I don't want any blame when it crashes and you lose all your money.

You should read through this thread again back to "as long ago as" September. I was super nervous to buy in when the price was 58k/BTC. I kept asking for help and guidance on here and then went on and ignored all of it over and over.

I remember panic selling when it dipped from 60k to 37k in a day. I then rebought around 48k...and then it shot up to 80k...I then panic sold when it dipped to 74k in 4 hours, thinking the bottom fell out. I then rebought at 88k...haven't sold since.

People were looking at cashing out when it broke 100k, thinking that was the golden number. So of course it crashed down to 80k again shortly after...but then it reached 125k and shot up to 130k and then 150k and then 180k and then 200k and then mooned to over 300k over the course of 2 weeks or so.

Personally I didn't like the quick move from 125k to 300k in what felt like maybe 2 weeks. It was "too good to be true" resulting in a massive crash to 175k, which was the correction that it needed I think. Unfortunately many people bought in when it peaked 300k and they were out of pocket by 33% in a day...causing panic selling and a LOT of unhappiness with this ponzy scheme.

So yeah, refreshing the price will drive you mad, stand back and look at it month-per-month and its going 1 way.

For this reason I got myself a hardware wallet (well that and to ensure I dont lose everything if Luno falls over or gets hacked or pulls a long con...and to score on free coins during future forks).

So now the majority of my hodlings is in a ledger at home so I can't panic sell even if I wanted to. I have hodlings on the exchange which i might sell when the price rockets again just to play with trading a bit or to cash out my initial investment, meaning whatever's on my ledger is pure profit, no matter how far it drops.

 

[Zulfi]

*faints*



https://www.amazon.com/Bescon-Compl...s&ie=UTF8&qid=1515065369&sr=1-2&keywords=d100

Haha you have got to be kiddin me!!!!!! I feel like a royal dumb@ss

 

[Mr.Ree]

I use Bittrex.

I have linked it to TabTrader and I'm able to trade alts on my phone. You need to link your account with API from Bittrex.

Hi, thanks for your response, could you explain me a little further the process of doing this and a slight explanation overall of what needs to be done.. thanks in advanced

 

[Zulfi]

No no, I don't want any blame when it crashes and you lose all your money.

You should read through this thread again back to "as long ago as" September. I was super nervous to buy in when the price was 58k/BTC. I kept asking for help and guidance on here and then went on and ignored all of it over and over.

I remember panic selling when it dipped from 60k to 37k in a day. I then rebought around 48k...and then it shot up to 80k...I then panic sold when it dipped to 74k in 4 hours, thinking the bottom fell out. I then rebought at 88k...haven't sold since.

People were looking at cashing out when it broke 100k, thinking that was the golden number. So of course it crashed down to 80k again shortly after...but then it reached 125k and shot up to 130k and then 150k and then 180k and then 200k and then mooned to over 300k over the course of 2 weeks or so.

Personally I didn't like the quick move from 125k to 300k in what felt like maybe 2 weeks. It was "too good to be true" resulting in a massive crash to 175k, which was the correction that it needed I think. Unfortunately many people bought in when it peaked 300k and they were out of pocket by 33% in a day...causing panic selling and a LOT of unhappiness with this ponzy scheme.

So yeah, refreshing the price will drive you mad, stand back and look at it month-per-month and its going 1 way.

I aint gonna blame you.. but you still is a legend!!!!

 

[princeradebe]

Hi, thanks for your response, could you explain me a little further the process of doing this and a slight explanation overall of what needs to be done.. thanks in advanced

Are you planning to buy and hold or trade alts?

 

[Temujin]

Hi, thanks for your response, could you explain me a little further the process of doing this and a slight explanation overall of what needs to be done.. thanks in advanced

@saor a video maybe?

 

[Temujin]

you my man, are a ****ing legend! thanks Voicy.. i guess im HODL'n!!

Pfft... Voicys the reason the price is humped

 

[Mr.Ree]

Are you planning to buy and hold or trade alts?

Well I see a lot of people are trading obviously with understanding, in a way, I would like to do both.. obviously I would want to buy and trade but I need to learn and understand the market before I dive in.. i would also like buy and hold so I create something like a crypto portfolio

 

[Slip]

I'm done with Luno. Moving my Bitcoin to Binance.

 

[HunterNW]

I'm done with Luno. Moving my Bitcoin to Binance.

Using it on android ?

 

[MrGray]

Seem to be two schools of thought at the moment, but both arise from the assumption that alt coins are in a bubble.

1. The bubble in alts will burst and punters will flee back to BTC. BTC will moon.
2. The bubble in alts will burst and punters will flee back to FIAT. BTC will also crash.

There is some logic in asserting that alts are overheated, considering that 6 out of 10 of the top market cap coins are currently relatively low per-unit value, large supply, pre-mined coins - and their value was low precisely because of that reason, i.e. suggests people are looking for somewhere to make money quick by buying large volumes of low value coins.

Of course, the usual qualification - in crypto things aren't all that predictable.

 

[saor]

@saor a video maybe?

One of the things I'll never do is allow third-parties to access the API of the exchange where I'm holding.
I don't care how safe it is or whether all their code is available on github.
I still don't like it.

 

[Adenoid Hynkel]

No one worried here about btc's dominance?