Yes I mean sell, and the reason that it is going up is because there are more buyers than sellers, so it will be easy to sell. If it has started to dip, then it will be diificult to sell, but on Luno you can opt for instant sell and pay a 1% commission.
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The Bitcoin Thread
- Thread starter Keeper
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Buying now is too risky in my opinion. If it's not approved you can land up losing badly. The odds are that it won't be approved, and if that happens there will be a huge dip next week, which would be a good time to buy.
MrGray
Honorary Master
I you take a long term view, that's kind of a win-win for current holders that want to accumulate. I wouldn't actually be too upset by a massive dip - even to $500 levels, tbh.
Not even a quick buy & hold over the weekend and early next week leading up to the approval (assuming around the 11th)?
This uncertainty is always tempting to play with.
I agree with you in the long term. I believe that if the SEC says no, the price will dip badly and then recover to at least 25k by the end of the year. If the SEC says yes, then you will score big time.
I believe that the price will hit 20k by next Wednesday, but I could be wrong, and I personally wouldn't take the risk. There is always a possibility that they announce this afternoon for example, that it is not approved, and then it tanks.
MrGray
Honorary Master
There is also some interesting action with Eth, btw. $11 to $20 in a few weeks, although looks like it might be coming off the boil.
Yeah, Dash has also gone a bit crazy. In the past 7 days it went from $25 to $56 and then down to about $46. Crazy times.
Tabac
Honorary Master
BTC - Luno
Tabac
Honorary Master
Depends.... January the price was R12350.... decided it can drop a little then i'm in. Now it's R17450 +
CTBP
Executive Member
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I should probably wait for next week to see what happens with the ETF, seems a bit risky to buy now.
Tabac
Honorary Master
They're platform is pretty broken can't sign up with Google redirect uri doesn't exist and graphs times out, and app crashed a couple of times yesterday
Never mind, cleared after 24+ hours and a 5% market price drop... Joy
Lunomoney
Luno Representative
I'm afraid that's something that's out of our control
There are around 50 000 unconfirmed transactions on the Bitcoin network itself which causes issues when sending/ receiving Bitcoin.
That'll cause fairly big delays with Bitcoin transactions, especially if the senders wallet didn't append a decently sized fee for the transaction size. Shoot me a PM with the TXID and I'll be able to give you a better answer
Lunomoney
Luno Representative
Sorry to hear that
No glitches from our end yesterday, I was also able to sign in via a Google account this morning.
Was this all in app? Mind shooting our team a line with a little more detail so we can better diagnose this? Our Community team are standing by to help.
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