The Bitcoin Thread

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PAYBACK said:
Anyone care to share their strategies before sell off? Wires are saying $5000-$10000 before it bursts, new floor @ $3000
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I am a Bitcoin perma-bull. Will HODL until at least 1 BTC = R100 000 and then re-evaluate may options.
 
balrog said:
I am a Bitcoin perma-bull. Will HODL until at least 1 BTC = R100 000 and then re-evaluate may options.
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1nh3qo.jpg


Make sure you give someone else your keys before you leave the planet, see? :D
 
Without reading volume of info, just a quick one, bought R1000-00 of Lumo today, comments?
So do I now have a part of the Bitcoin or do I still have to actually purchase it once its in my ZAR wallet?

Edit, ok I bought it saw I had to purchase it, now I own
BTC 0.02258000
 
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marine1 said:
Without reading volume of info, just a quick one, bought R1000-00 of Lumo today, comments?
So do I now have a part of the Bitcoin or do I still have to actually purchase it once its in my ZAR wallet?

Edit, ok I bought it saw I had to purchase it, now I own
BTC 0.02258000
Click to expand...
How did you buy? Did you deposit R1000 and then convert ti BTC or did you only do the deposit?

But rough summary.
Download the app.

After you login and, open app.

Tap Luno name to see different Wallets ( ZAR and BTC) amd balance.
If you have BTC> 0 you have BTC
If you have ZAR > 0 , you have ZAR.

The Bold amount in white is your balance in that wallet/currency.
The grey small balance is the approx value in other currency.

Quick method to buy is to select BUY and enter ZAR value.
Equivalent BTC value will be shown.
Tap Orange arrow to proceed.

Note: this method is a quick buy and hence will be more expensive than trading as it includes fees and maybe a premium.
 
Gtx Gaming said:
BTC at 3150 dollars and R41200 on luno!
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Now BTC is US$3169, which is R42430 if an exchange rate of R13.43 is used. It's R43500 on Luno. That's a price difference of R1070, meaning it's not as expensive to buy BTC at Luno than it was 2 months ago. The premium is only 2.5%. When I bought BTCs 2 months ago, I paid a +/-16% premium on Luno.
 
Sly21C said:
Now BTC is US$3169, which is R42430 if an exchange rate of R13.43 is used. It's R43500 on Luno. That's a price difference of R1070, meaning it's not as expensive to buy BTC at Luno than it was 2 months ago. The premium is only 2.5%. When I bought BTCs 2 months ago, I paid a +/-16% premium on Luno.
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When you say "premium" you understand that it comes down to each exchange having their own price? You're either quoting a price from another exchange or from an average across several. It's not Luno charging you more, it's the price just being different due it being a different market.
 
marine1 said:
Without reading volume of info, just a quick one, bought R1000-00 of Lumo today, comments?
So do I now have a part of the Bitcoin or do I still have to actually purchase it once its in my ZAR wallet?

Edit, ok I bought it saw I had to purchase it, now I own
BTC 0.02258000
Click to expand...

I googled 'Lumo' wondering if I missed the next big thing :p
 
Couldn’t resist took some profit. Hoping for a bit of a sell off when week starts. Will build some more BTC. Haven’t had this much fun in a long time.
 
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