The Bitcoin Thread

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MrGray

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David Shaw said:
Hi guys, i sent an email to Luno on the 20th of December regarding the Segwit 2X hard fork and the issuing of B2X coins in proportion to all BTC holders which is the deal from BTC, but Luno would have to action this for us... this is the response i received today: "The SegWit2X fork has been suspended and is unlikely to happen. For more information please visit our blog https://www.luno.com/blog/en/post/bitcoin-segwit2x-fork"

However the official website, twitter account and world coin index is already indicating otherwise http://b2x-segwit.io/news/ , https://www.worldcoinindex.com/coin/segwit2x, https://www.coinstaker.com/segwit2x-bitcoin-hard-fork/
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Well as of 20 December it was still cancelled, it only supposedly then happened on the 28th by an outfit that the crypto world doesn't seem to have all that much confidence in - https://cointelegraph.com/news/segwit2x-version-20-a-farce - and as far as I can tell it is only being traded on a few exchanges as futures and is not actually being mined or transacted??

In any event, it's a pretty well established precedent that if you want your forked coins you need to have them in your private wallet at the time of the fork as many exchanges don't bother with the forks.
 
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SilverNodashi

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garp said:
As a long term holder, it might be worth mentioning that in the past whenever the BTC price starts looking uninspiring, trades down or sideways for a long time, everyone starts talking about how it's lost it's lustre and you see posts and articles all over the place telling you why it's crap and there are other alts that are far better, blah blah - this is usually a rather good time to accumulate. Past performance is no indication of future performance and all that, but anyhoo, #JustSaying...
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I actually wouldn't mind if it would "tank" a bit more, to say R50K or so, then I can also stock up some more for the future.
 
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Zulfi

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Slootvreter said:
If you do a ZAR deposit, tick the Instant transfer box on your banking site. It incurs a small fee (like R20 or something), but it reflects in minutes on Luno (worked for me, and I'm ABSA)
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Usually my deposit reflects in minutes.. i mean 15 min before it reflected almost immediately.. yeah i messed up and tried making 2 deposits
 
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IdleLayabout

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This latest spike seem more like a pump and dump to shake cheap coins out of the new investors prior to a big move up late Jan. Call me paranoid but I'd advise caution unless you're a day trader happy taking big risks. Of course if I'm wrong then that's great too :)

edit: nope, blew through 16k
 
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princeradebe

princeradebe

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IdleLayabout said:
This latest spike seem more like a pump and dump to shake cheap coins out of the new investors prior to a big move up late Jan. Call me paranoid but I'd advise caution unless you're a day trader happy taking big risks. Of course if I'm wrong then that's great too :)

edit: nope, blew through 16k
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A new exchange is launching in Japan next week, this could be the start of a pump. Remember what happened when Japan made news last year May?
 
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JaseZA

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I find the South African exchanges quite strange. Normally I like to check how much higher our exchange is running vs major exchanges, and for the last month it's been roughly 20%. November it was closer to 15%. At the moment its right down at 7%, seeming to show that locally people are less positive about Bitcoin? I've made good money before by buying when the percentage is low because it invariably corrects, but since the last major correction this is no longer true.
 
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MrGray

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JaseZA said:
I find the South African exchanges quite strange. Normally I like to check how much higher our exchange is running vs major exchanges, and for the last month it's been roughly 20%. November it was closer to 15%. At the moment its right down at 7%, seeming to show that locally people are less positive about Bitcoin? I've made good money before by buying when the percentage is low because it invariably corrects, but since the last major correction this is no longer true.
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There's another factor here apart from positivity about Bitcoin, and that's positivity/negativity about the USD/ZAR exchange rate. I've noted that when it looks like the ZAR is going down relative to USD, traders on Luno tend to have greater anticipation of an increased ZAR price and the premium goes up. Right now, the reverse is happening with anticipation of a strengthening ZAR, so the premium is at a low.
 
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SaiyanZ

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JaseZA said:
I find the South African exchanges quite strange. Normally I like to check how much higher our exchange is running vs major exchanges, and for the last month it's been roughly 20%. November it was closer to 15%. At the moment its right down at 7%, seeming to show that locally people are less positive about Bitcoin? I've made good money before by buying when the percentage is low because it invariably corrects, but since the last major correction this is no longer true.
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Think it's because of new people trying out arbitrage and realizing they made a big mistake once they transfer their BTC to Luno. So they set up massive sell walls to break even which stops regular people from buying because there's nowhere for the price to go. Just to get over R220k we have to break through about 100 BTC on Luno which is a huge amount considering the volumes. Nobody is going to buy close that wall.

10 days ago when the USD price was at $16k we were closer to R240k instead of struggling to break R215k.
 
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voldoverse

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still trying to figure out lunos instant buy and sell costs, im at a point now where i can get my initial investment out but from past experiences luno takes a huge chunk when i insta sell and each time i end up a little worse off than before so now im too scared to sell and lose again but i want to reinvest at a lower price point because i doubt its gonna break past 220, probably gonna dip to low 190s again rather
 
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Toxxyc

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voldoverse said:
still trying to figure out lunos instant buy and sell costs, im at a point now where i can get my initial investment out but from past experiences luno takes a huge chunk when i insta sell and each time i end up a little worse off than before so now im too scared to sell and lose again but i want to reinvest at a lower price point because i doubt its gonna break past 220, probably gonna dip to low 190s again rather
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Sell private to a Luno user. No costs involved.
 
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Zulfi

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voldoverse said:
still trying to figure out lunos instant buy and sell costs, im at a point now where i can get my initial investment out but from past experiences luno takes a huge chunk when i insta sell and each time i end up a little worse off than before so now im too scared to sell and lose again but i want to reinvest at a lower price point because i doubt its gonna break past 220, probably gonna dip to low 190s again rather
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Use the exchange... Sell at a price not listed on the order book.. then no fee charged
 
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voldoverse

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thanks, think ill give it a go the next session already lost 1k again to luno with a insta sell on 45k
 
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voldoverse

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220 here we come whooo! lol im getting depressed with this btc predictions of mine i keep getting wrong, just gonna wait now for the next mega dip one of these years, sigh.....
 
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