The Bitcoin Thread

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Alton Turner Blackwood

Alton Turner Blackwood

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Thor187 said:
They report to Sars. Not a chance in hell you want to store the bulk of your stuff by them. Sars is monitoring it to gauge when to start regulating, right now the volumes are too small hence its not classified as legal tender in SA not regulated or taxable, but it will be in the near future.

I simply use them to exchange bitcoin to zar if I need it. Example to pay rent.

The rest is in a hardware wallet.
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By the way, how far are you... feel free to drop me a PM
 
etienne_marais

etienne_marais

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What's the reasoning behind the exponential increase in value for Bitcoin and Ethereum in the past two weeks?

At a high level, I think there are three major forces fueling this upward trend for all cryptocurrencies (it’s not just ETH/BTC riding the wave):

* Exchanges have gotten easier to use and safer. Just a year ago, in order to invest in any altcoin, you first had to buy BTC, then go to an exchange like poloniex. Now, you can buy BTC/ETH directly from Coinbase, and then use Shapeshift or Changelly to move into another currency without an account.

* Blockchain technology and cryptocurrencies are getting a lot more press and news coverage, particularly from Ethereum:
Google Trends on Ethereum, Blockchain and Cryptocurrency

* There are thousands of stories of people making a killing in cryptocurrency investments. As these people begin to network and share their experience, other people are going to get interested.
I was giving a speech on blockchain technology and the biggest reaction I got from the crowd was when I mentioned that Cosmos made $16.1 million in 30 minutes. Money talks.

Why it’s happening now, I can’t answer. You don’t know which snowflake caused the avalanche. What we can say though is that making it easier to purchase cryptocurrency combined with good press and understanding made an opening for something like this to happen.

And we’re not even close to done yet.
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https://www.quora.com/Whats-the-rea...in-the-past-two-weeks/answer/Brian-Schuster-5

Google Trends: Ethereum, Blockchain, Cryptocurrency
 
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Archer

Archer

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jacosmit said:
Sitting at R23472.45 on XE.com!

Wow!

Got a PM on facebook pointing me to http://www.bitcoinslip.com and http://member.thriveint.com. Anyone know if these sites are legit and does what they promise? The Thriveint wants me to transfer btc to them on the invite received.

Trying to tread carefully.
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I like how ThriveInt says bitcoin can be accessed without ATMs or credit cards... then promptly try sell you a debit card :rolleyes:
 
K

KingBel

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Bought about R5k worth via Luno about a month ago. Sold it again on the weekend, when it dipped slightly. Made R1600 in profit. Should have left it there since it seems to have gone on an upswing again.. anyways.. will buy again soon though.
 
jacosmit

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Archer said:
I like how ThriveInt says bitcoin can be accessed without ATMs or credit cards... then promptly try sell you a debit card :rolleyes:
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I signed up with the bitcoinslip thing with my testing email address and a random generated password. Apparently I can earn 30 bitcoins (min before you can withdraw). I just need 26 more clicks - http://bitcoinslip.com/?hash=5612

Click if you dare and PM me your btc wallet code, I'll share if this thing pays out 30 bitcoins...
 
Hamster

Hamster

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I love how the "total earned" changes every time you open the site :D
 
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