The Bitcoin Thread

Status
Not open for further replies.
Sensorei said:
Buying on the spur of the moment will pretty much always charge you 1% taker fee. If you are patient and set a buy/sell order ahead of time to get others to trade on then you won't pay 1% as you are a 'maker'. You could pay anything from 0%- under 1%, depends on if you are making or taking.
Click to expand...

please explain this? How do they know you're a "maker"? How long ahead of time do you need to set the buy/sell order?
 
SilverNodashi said:
please explain this? How do they know you're a "maker"? How long ahead of time do you need to set the buy/sell order?
Click to expand...

Time doesn't play a factor. If you put an order on the order book you're a maker, if you execute an order against the order book you're a taker.

How ever if you try to be slick and put an order right on the edge of the order book the price could move past that point in the wrong direction right before you place the order. Then when you place the order you end up on the wrong side of the order book. If you do this you accidentally end up being a taker and get charged a fee.
 
Norrad said:
When a fork is created a new coin is created, in the upcoming one it will be Bitcoin Gold (BTG), so anyone holding any Bitcoins at the time of the fork will receive the equivalent in BTG for free.
Click to expand...
The bitcoin gold fork already happened on 25th October.
The one coming up is Segwit2x and may not mean free coins
 
SilverNodashi said:
Do you get it for coins in your wallet, as well as those in the exchange?
Click to expand...

If it results in a split then yes, in your wallet - and yes in some exchanges - dependent on their support of the fork and the new 'coin'
 
Just seen an ad for business insurance by "King Price". At the end they provide a URL to a competition to win R1 million in BTC. First time BTC has been advertised on local TV?

Here...
[video=youtube;WmeoIQLlP1I]https://www.youtube.com/watch?v=WmeoIQLlP1I[/video]

*disclaimer* no affiliation to kingprice nor am i a client nor am i advocating for them.
 
Last edited:
I'm new to this and I've been trying to read up on it. Is it advisable to purchase Bitcoin at the current price ? Will the price drop before the fork and recover thereafter or what usually happens with something like this ?
 
SlowInternet said:
I'm new to this and I've been trying to read up on it. Is it advisable to purchase Bitcoin at the current price ? Will the price drop before the fork and recover thereafter or what usually happens with something like this ?
Click to expand...

Nobody can tell you that. You need to research and decide for yourself. Some people think its a bubble waiting to pop and some think the current price is still cheap and it will rise to (pick big number here).

Then you need to decide if you are investing for the long, medium or short term or even day trading. You should understand what hard forks are, what the one on the 25th (?) is and how it could play out.

I suppose one thing that is for certain is do not put in what you wont miss.
 
SlowInternet said:
I'm new to this and I've been trying to read up on it. Is it advisable to purchase Bitcoin at the current price ? Will the price drop before the fork and recover thereafter or what usually happens with something like this ?
Click to expand...

If anyone actually knew the answer to all this we would be millionaires. My only advise to you would be to set aside as sum of money you can live with losing and to invest it into bitcoin over a period of time. You could wait for a drop although you run the risk of it never dropping to its current price.

So maybe just try invest a fraction of what you want to invest initially?
 
Freshy-ZN said:
Nobody can tell you that. You need to research and decide for yourself. Some people think its a bubble waiting to pop and some think the current price is still cheap and it will rise to (pick big number here).

Then you need to decide if you are investing for the long, medium or short term or even day trading. You should understand what hard forks are, what the one on the 25th (?) is and how it could play out.

I suppose one thing that is for certain is do not put in what you wont miss.
Click to expand...

Unhappy438 said:
If anyone actually knew the answer to all this we would be millionaires. My only advise to you would be to set aside as sum of money you can live with losing and to invest it into bitcoin over a period of time. You could wait for a drop although you run the risk of it never dropping to its current price.

So maybe just try invest a fraction of what you want to invest initially?
Click to expand...

Thank you
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X