The Bitcoin Thread

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Voicy said:
So I've just triggered Schrodinger's BTC.

Whenever I SODL, price goes up...then whenever I buy, price goes down. So now I've spent half my "Bitcoin play money" to buy while keeping the other half in my cash wallet. So if the price goes up I win and if it goes down then I can buy more.

Interesting beast this.
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This typically indicates being a reactive trader.
 
Sabre Wulf said:
This typically indicates being a reactive trader.
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Oh I have no delusions that I'm an absolute noob. Really just doing this for the experience, expecting full well it can all go belly up at any time.
 
trolol said:
Where do you guys see the price in the next few days? (Just before the fork). Could we see $7000? XD
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No one knows and anyone who says they do is guessing. At this stage it's just too volatile. It could as easily go to $7500 by this coming Wednesday as it could drop to $5700 or lower. I know it's tempting to want to buy when the price is shooting up, if you're thinking of buying now be cautious unless you're prepared to hold a long time. Right now is the time to be selling incrementally for profit, holding or waiting for a drop.
 
eg2505 said:
So nobody else saw the flash glitch of mine?
I mean briefly we were all billionaire's

No news about 8t? No mention anywhere?
Surprising really.
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More like Bazzilionare :crylaugh:
 
So I have no clue what is going on...I sold at 77k, waited for it to drop to buy again.

Set my buy at 73k, and it only went down to 73 400...eish!

Now it’s been shooting ever since, so I reentered at 88 100 afraid that it might shoot higher and not drop again.

I still kinda think it is going to drop before the split next week.

Very new to this, but from what I read you want to be holding when the fork comes?

Not sure if I should sell around 88 now and wait for a drop before the 25th.


What’s everyone else doing?
 
iFan said:
Very new to this, but from what I read you want to be holding when the fork comes?
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You need it in a wallet or exchange that supports Bitcoin gold when it forks if you want that. Bear in mind the price might drop very soon after the fork and getting it from your wallet back onto a local exchange to sell might take longer than you'd like as Bitcoin confirmation times increase over that busy period.
 
saor said:
You need it in a wallet or exchange that supports Bitcoin gold when it forks if you want that. Bear in mind the price might drop very soon after the fork and getting it from your wallet back onto a local exchange to sell might take longer than you'd like as Bitcoin confirmation times increase over that busy period.
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I don't think you need it in a wallet or exchange that supports Bitcoin gold when it forks. As long as you have bitcoin when it forks you can create a bitcoin gold wallet any time after the fork
 
C4Cat said:
I don't think you need it in a wallet or exchange that supports Bitcoin gold when it forks. As long as you have bitcoin when it forks you can create a bitcoin gold wallet any time after the fork
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This is what Luno did for BitcoinCash. They didn't initially support it, but made it available for withdrawal couple days after.
 
C4Cat said:
I don't think you need it in a wallet or exchange that supports Bitcoin gold when it forks. As long as you have bitcoin when it forks you can create a bitcoin gold wallet any time after the fork
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Ah ok, cool. Haven't been following it that close.

@lunomoney: Come on...snapscan or something already. Feels like luno are getting a bit complacent re. new features and changes etc: Can't buy over the weekend, no stop loss functionality, there's no hour range on your charts... surely basic things for an exchange to have.
 
saor said:
Ah ok, cool. Haven't been following it that close.

@lunomoney: Come on...snapscan or something already. Feels like luno are getting a bit complacent re. new features and changes etc: Can't buy over the weekend, no stop loss functionality, there's no hour range on your charts... surely basic things for an exchange to have.
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Its the equivallent of the counter at your bank as opposed to internet banking ;)
 
C4Cat said:
I don't think you need it in a wallet or exchange that supports Bitcoin gold when it forks. As long as you have bitcoin when it forks you can create a bitcoin gold wallet any time after the fork
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Just to add, you need to have your bitcoin in a wallet where you control the private key. If you keep your money on an exchange you won't be able to retrieve your btg if the exchange doesn't allow or support it
 
Sabre Wulf said:
Its the equivallent of the counter at your bank as opposed to internet banking ;)
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:)

To be clear I'm very happy with the service they offer. Just feel they've established themselves well enough now that they can start improving & adding. Unless they don't want to change and are happy to just provide a very specific but limited service.
 
saor said:
Ah ok, cool. Haven't been following it that close.

@lunomoney: Come on...snapscan or something already. Feels like luno are getting a bit complacent re. new features and changes etc: Can't buy over the weekend, no stop loss functionality, there's no hour range on your charts... surely basic things for an exchange to have.
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saor said:
:)

To be clear I'm very happy with the service they offer. Just feel they've established themselves well enough now that they can start improving & adding. Unless they don't want to change and are happy to just provide a very specific but limited service.
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Thanks for your feedback.
The Exchange isn't a priority or us at this stage, we're concentrating on delivering the best possible experience to all of our customers in all of our countries. There's a lot to get right there, and that goes beyond adding features to our exchange.

Deposit methods are always being looked at, but this is something that takes a huge amount of time, relationship building and a massive amount of regulatory hurdles to cross. I'm sure we could launch various methods to deposit Rand to your wallet, but it probably won't work as well and provide a sub-par user experience if we just had to rush through it. We can only officially accept deposits during week days (albeit some FNB EFTs do clear on Saturdays, that's up to the banks) because of banking times, that's not something we can change. Offering something like Snapscan, or any other deposit method for that matter, to deposit ZAR into your wallet would be great but has a huge amount of integration work. Why not just look at depositing Rand when you have the funds available and keep them in your wallet?

You can buy or sell at any time if you have a positive balance.

I think we've somewhat established ourselves in some markets and not others, and this quarter we're concentrating on polishing everything that we've done over the last few quarters. It's also massively important to know that we've only recently completed our Series B round, we're still a small team.

I personally don't think we're complacent at all. Furthest from it I think. We've achieved a huge amount this year alone and we aren't slowing down.

Every month we're fine tuning something, launching something, tweaking something else or improving some part of the product, user experience, app or support.

If you're looking for a more detailed graphing solution I can recommend you take a look at cryptowat.ch. They're not affiliated with us at all but do use our API data. We also don't guarantee it's accuracy in any way.
 
I've seen quite an improvement on Luno. In September it would take a few hours for deposits to reflect, whereas lately it's in my luno wallet within 5 or so minutes.
 
Voicy said:
I've seen quite an improvement on Luno. In September it would take a few hours for deposits to reflect, whereas lately it's in my luno wallet within 5 or so minutes.
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That's awesome to hear :)
As long as you include your ref#, make the EFT from your bank account and do it within your banking hours it generally reflects pretty quickly.
 
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