The Bitcoin Thread

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SaiyanZ said:
Oh ok, I thought the right reason might be buying and holding a cryptocurrency because of its real value and not that people stuff you mentioned. i.e. not dumping it as soon as it goes down.
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Not right now as far as I can tell. What is the real value of cryptocurrency today? One of these days it'll likely settle, you'll be offered the chip and you'll not be able to trade without it, just like you can't do business without a cellphone today :)

[video=youtube;SJgWqbZBn6I]https://www.youtube.com/watch?v=SJgWqbZBn6I[/video]

Until then it remains an unpredictable investment other than the fact that it's likely to play a major part in humanity's future.

I doubt most of the money sitting in cryptocurrency is from people who have given up their day jobs so I don't know why you brought that up.
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Were we talking about most of anything? I thought you were merely asking my opinion on the right reasons for getting into crypto. And don't kid yourself, there are people throwing everything they have at this... hopefully not many.






*disclaimer
Everything I post is based purely on my opinion or the opinion of quoted sources. Even things stated as fact.
 
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Damac10 said:
Must pay duty but think they sent invoice to wrong email as they called yesterday but no invoice arrived. Was hoping for delivery Tuesday.. Will check back . Also hoping D3 get delivered tomorrow or Tuesday so perfect timing in a way
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Oh, so you haven't received those yet?
I'm sitting with mine but no PSUs :/

So NH on BCC has worked out to $29 in 15 hours... obviously it'll only do that while it's moving upward, and it only counts when the actual payout happens, so we'll see. Projected for 24 hours is $46 for 2x L3+ but it's not sustainable so possibly best to go back to nicehash soon - I'm just wary of the direction of BTC for now.
 
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Sabre Wulf said:
I managed to get mine out of a wallet it was stuck in on Friday lol.

And people - which sucker bought in at R90k??

sBW1g3i.png
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Thought he was buying a bitcoin? Where is this graph from?
 
Sabre Wulf said:
Oh, so you haven't received those yet?
I'm sitting with mine but no PSUs :/

So NH on BCC has worked out to $29 in 15 hours... obviously it'll only do that while it's moving upward, and it only counts when the actual payout happens, so we'll see. Projected for 24 hours is $46 for 2x L3+ but it's not sustainable so possibly best to go back to nicehash soon - I'm just wary of the direction of BTC for now.
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Looks like BTC backers woke up. This could be very good for overall market cap as we might hit 250 billion
 
Sabre Wulf said:
Jeesh lol
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As you know key is not to panic. Do you believe or not? BTC price fought back over 6000 while looks like BCC will hit 3000. More 'New' money pouring in could result in critical mass we waiting for. If Total market cap hits 250 billion key milestone on way to 1 trillion market cap for crypto..... Mine you madmen
 
And here i was going to buy a few Rands of BCC on Altcointrader and the price is dropping., but seems i will have to wait until all the verification process is done and my funds cleared. Has anyone bought anything else lat looks promising on altcoin?

and BTC is close on 100k again.
 
Bitcoin cash was at R14k on Friday arvie, hit R90k an hour or so ago and is now at R30k (altcointrader.co.za).
You can't make this stuff up
 
kyton said:
And here i was going to buy a few Rands of BCC on Altcointrader and the price is dropping., but seems i will have to wait until all the verification process is done and my funds cleared. Has anyone bought anything else lat looks promising on altcoin?
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Bitcoin is looking solid for the next run lol.
Nothing looks promising but everything at the same time if that makes sense LOL.
 
Sabre Wulf said:
Bitcoin cash was at R14k on Friday arvie, hit R90k an hour or so ago and is now at R30k (altcointrader.co.za).
You can't make this stuff up
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How did it get to 90K? that's way above any other markets.
 
dj2381 said:
How did it get to 90K? that's way above any other markets.
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Buyers - see the image further up.

That said, I heard some people were complaining that Poloniex and Bittrex was flaking out under the funny numbers. One guy report a balance of millions on their account.

I wonder how their graph works - I assume it's actual transactions.
 
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Pump 'n dump scheme of BCH is in full motion now with its price having collapsed by about $600 in the last hour or so. Insane!

BTC making an equally strong recovery.
 
Sabre Wulf said:
Buyers - see the image further up.

That said, I heard some people were complaining that Poloniex and Bittrex was flaking out under the funny numbers. One guy report a balance of millions on their account.

I wonder how their graph works - I assume it's actual transactions.
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Some panic buying? :D All the signs of a pump and dump.
 
kyton said:
And here i was going to buy a few Rands of BCC on Altcointrader and the price is dropping., but seems i will have to wait until all the verification process is done and my funds cleared. Has anyone bought anything else lat looks promising on altcoin?

and BTC is close on 100k again.
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I'd stay far away from BCH/BCC haha. People talk about BTC being a bubble but the price rise of BCH in such a short space of time is a classic pump 'n dump scheme (many people speculating it was the team behind Segwit2X who called off fork for the 16th...)
 
dj2381 said:
How did it get to 90K? that's way above any other markets.
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Probably a combination of the low volume and people using the instant buy option whilst not checking the trade properly. You can end up paying a lot more than the current price if there is not enough volume from sell orders placed close to the price.
 
People are dumping BCH for BTC now. If BCH falls enough and BTC recovers then it should restore confidence in BTC for the medium term. Otherwise BCH will slowly eat into BTC and become the main crypto.
 
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