The Bitcoin Thread

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rza

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SaiyanZ

SaiyanZ

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rza said:
I was taught in Investment Management class to be skeptical of Technical Analysis that is not backed by Fundamental Analysis. But I have to be honest that BTC Technical Analysis shows that this is a time to buy, as the share has performed the very same way many times before.
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The market is still very bearish. Especially Luno. If you look at the core order book, there is currently twice as much sell volume than buy volume. So even when we start recovering, it will be slow and there will be many dips. It's not going to be one smooth ride back up to the previous ATH. I think we are still going down for a while more with minor recoveries here and there.
 
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John Tempus

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The Philosopher said:
but if you are a market maker it is 0 and 0.
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True but same could be said if they simply had a ETH/ZAR market first off.

It is just showing to me that they are betting on panic selling of incoming ETH that would be sold at taker fees twice thus having it setup this way with no direct ETH/ZAR market.

I have nothing against an exchange operating as a business and out to make money but artificially having this double trading in order to get ETH to ZAR for actual people looking to use the exchange to cashout is just scummy to me.
 
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Messugga

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balrog said:
I wholeheartedly agree with you - but on the flip side, I want to stay out of jail - they got us by the short and curlies :(

What would be great, is if they institute a new tax for crypto-profits, which is the same as Capital Gains tax. I will pay the 16-18% with a smile. Its the 40%+ tax rate that is really a bitter pill to swallow. I think they will make more tax money charging a lower rate, since people will then willingly declare their crypto profits. Having it at the same rate as your normal income tax rate is just forcing people to NOT want to pay tax. They make their 14% VAT out of you as well when you spend the profits. So they really should look into this - but does SARS have the mental capacity to see sense in this?
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Why should you treat people trading crypto from people trading things like shares?
 
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rog163

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rza said:
I have about R15k to use, I'm thinking I should put R5k on ETH and R10k on BTC since its so cheap at the moment. Or perhaps I should just buy more ETH. I don't know.
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I’m in the same boat, just wonder if ether gonna correct when others go up
 
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kab123

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Hendrix said:
No, why’s everyone keep their coins on Luno? Get it the hell off the exchange people!
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True. However things move so fast that it's nice to have it all there so that you can sell at 280 and buy back in at 140.
 
Knyro

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More and more I'm glad I held on to bitcoin cash.

It rocketed upwards today.
 
Hendrix

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kab123 said:
True. However things move so fast that it's nice to have it all there so that you can sell at 280 and buy back in at 140.
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If you understand that it’s fine, but every second person is complaining that they want their forked coins, and blame Luno.

I’m saying, if you want to claim forked coins, get your BTC off the exchange.
 
Hendrix

Hendrix

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kab123 said:
True. However things move so fast that it's nice to have it all there so that you can sell at 280 and buy back in at 140.
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Also, don’t come crying when Luno gets hacked, or they close ship and run, or someone hacks you and it’s all gone.

I don’t leave large amounts on exchanges, just understand the risks please.
 
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petum

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Hendrix said:
If you understand that it’s fine, but every second person is complaining that they want their forked coins, and blame Luno.

I’m saying, if you want to claim forked coins, get your BTC off the exchange.
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Sorry with regards to fork. You talking btc or eth?
 
Hendrix

Hendrix

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petum said:
Sorry with regards to fork. You talking btc or eth?
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Both, it’s extremely unlikely Luno will support another fork again.
Hence, if you want to participate in a fork, get your coins under your control with your own private keys.
 
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kab123

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Relax. I don't want every second forked coin. I understand the risks. I'm only saying it's easier to keep it on a exchange if you trade regularly.
 
Knyro

Knyro

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kab123 said:
Relax. I don't want every second forked coin. I understand the risks. I'm only saying it's easier to keep it on a exchange if you trade regularly.
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And even then only just enough to take positions with.
 
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petum

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What's the difference in risks between luno going down or mycelium going down and taking the coins? Noob question?
 
Hendrix

Hendrix

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petum said:
What's the difference in risks between luno going down or mycelium going down and taking the coins? Noob question?
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Luno - they hold the private keys
Mycelium - you hold them (make backups please)
 
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