The Bitcoin Thread

[Excalibur]

I see. By the fees or what?

(1) The coin you invested in getting de-listed from the exchange or (2) the exchange going offline or giving errors just when your holdings have grown and you wanna withdraw. (3) And then there's also hacking of exchanges.

 

[Thor]

(1) The coin you invested in getting de-listed from the exchange or (2) the exchange going offline or giving errors just when your holdings have grown and you wanna withdraw. (3) And then there's also hacking of exchanges.

Don't store your bitcoins on an exchange. Use a proper wallet.

 

[Idiosyncratic]

Don't store your bitcoins on an exchange. Use a proper wallet.

If you're actively trading that becomes a hassle though?

 

[balrog]

If you're actively trading that becomes a hassle though?

I plan to have a target minimum amount of BTC I will leave on exchanges to actively trade with. Profits exceeding this "active trading fund", I will move off to my Ledger Nano S (once I receive it), for long term safe-keeping.

 

[akescpt]

Don't store your bitcoins on an exchange. Use a proper wallet.

Which hardware wallet do you have?

 

[skeptic_SA]

Decided to dump all my BTC in favour of ETH last night.

 

[Idiosyncratic]

Decided to dump all my BTC in favour of ETH last night.

I've done the same...

 

[Thor]

Which hardware wallet do you have?

Tren

 

[Knyro]

I plan to have a target minimum amount of BTC I will leave on exchanges to actively trade with. Profits exceeding this "active trading fund", I will move off to my Ledger Nano S (once I receive it), for long term safe-keeping.

Mind sharing where you bought it? Cost?

 

[balrog]

Mind sharing where you bought it? Cost?

I will have to order one from their website. I see they will only ship their next batch on 22 June though. I couldn't find any local sources for the Ledger Nano S. Sad

In the mean time, I will use the MyCelium wallet on my iPhone.

 

[dj2381]

Any opinions on the JAXX wallet? any safety concerns?

 

[Thor]

Any opinions on the JAXX wallet? any safety concerns?

Jaxx is good it's local. Not as good as a hardware wallet, but alot safer than a cloud wallet and exponentially safer than an exchange wallet.

 

[Knyro]

I will have to order one from their website. I see they will only ship their next batch on 22 June though. I couldn't find any local sources for the Ledger Nano S. Sad

In the mean time, I will use the MyCelium wallet on my iPhone.

Ordered myself a Trezor instead.

 

[Awesum]

Ordered myself a Trezor instead.

What did it cost?
I ordered the Ledger Nano S. Price came to R1197.15 with shipping.

 

[Knyro]

What did it cost?
I ordered the Ledger Nano S. Price came to R1197.15 with shipping.

$138 with DHL shipping. Which at the time (yesterday ) was 0.0639 BTC.

If you buy from the Trezor site you pay in bitcoins.

 

[trolol]

What did it cost?
I ordered the Ledger Nano S. Price came to R1197.15 with shipping.

May I ask where you bought this from? Does it include customs and insurance?

 

[User4456]

Anyone know a tax consultant who knows how to deal with Bitcoin in SA? e.g. you cash out R500k but invested R50k (i wish), how much tax do you owe?

 

[Pitbull]

Anyone know a tax consultant who knows how to deal with Bitcoin in SA? e.g. you cash out R500k but invested R50k (i wish), how much tax do you owe?

Why have it pay out?

Buy something with it and then sell that item at a "loss" You made no gains on the item you sold so no CGT to declare

 

[etienne_marais]

South African regulation and control early warning system going haywire.

 

[User4456]

South African regulation and control early warning system going haywire.

I'm sure this last boom saw a number of bag holders trying to cash in but only to find AML/fraud systems going off and SARS slithering along asking for up to 40% in taxes.. SARS will be taking advantage of people who don't know their rights or the rules properly.