The Bitcoin Thread

[PAYBACK]

Rating downgrade today, get it while its cheap

Spoke to my economist friend last night who is at the Reserve bank and he says we are unlikely to get downgrade. **** will hit fan in December however.

 

[Vox Populi Vox Dei]

They downgraded us to junk in april, its snp and moody who 'gave us a chance' we're waiting for

Luno price gone up R2k...smooth

 

[Mier]

129799
Makes no sense, but I'm smiling

 

[SaiyanZ]

129799
Makes no sense, but I'm smiling

I expect a huge drop after the announcements from the ratings agencies. Maybe back to R122k/R123k.

 

[Sensorei]

The BTC/USD and BTC/ZAR markets are separate markets. It just means that demand is higher here at the moment. And arbitrage is not very easy, which means that even though it will tend to keep prices in line with global markets, it does so slowly with a lot of scope for variation. Its the same reason why BTC can sell at a 50% premium in Zimbabwe.

Thanks, yes I'm aware BTC is a willing buyer, willing seller trading platform and that Luno is for the South African market. But I'm looking for some insight into current local crypto trading catalysts.

 

[Mier]

I expect a huge drop after the announcements from the ratings agencies.

Just sold a little - It's overbought, I believe

 

[iedergeval]

The BTC/USD and BTC/ZAR markets are separate markets. It just means that demand is higher here at the moment. And arbitrage is not very easy, which means that even though it will tend to keep prices in line with global markets, it does so slowly with a lot of scope for variation. Its the same reason why BTC can sell at a 50% premium in Zimbabwe.

gut feeling is that rating downgrades are to a certain extend always priced in , "overrated"
No ways that big funds will be stranded with huge losses by an unexpected downgrade.They are not black swans , they are expected.

However political/stupid economic events are closer to black swans in SA: so expect a lot of positioning for bad news over the next few months.First big thing is the ANC conference--can Lame Cyril pull something off?
So : make sure you have access to Luno, some funds in the wallet and buy when Luno price approximates the dollar equivalent in the rest of the world
swop your SA shares for rand hedges
have something offshore
and watch the canaries

 

[Voicy]

Holy smokes!

It was R126,400 an hour ago. Now sitting at R129,050! Seeing R130k today? I'm sure I called it somewhere.

 

[backstreetboy]

R131499 on altcointrader. Shouldn't have converted mine to NEO

 

[Voicy]

R129,545

ETH sitting on R6,453. That's 30.76% up this week.

 

[Sensorei]

A few days ago Luno was trading at 5% over the USD rate, now its 14% over. I'm selling some BTC and buying in lower later today.

 

[Voicy]

R129,999 :twisted:

 

[ck1]

R130k

 

[Voicy]

R132k damn!

Ok down to R130k again, but it spiked real high for a second. Guessing a ton of sell orders on R130k mark.

EDIT: AAAAAND back up to R132k ... that's R5k in just over an hour.

 

[Vox Populi Vox Dei]

R132k....

 

[Voicy]

R132k....

There was speculation of $10k USD by the end of Dec. That's R139,457 ... at this rate we'll see that before Dec even hits.

 

[Vox Populi Vox Dei]

Glad the sh_t coin AKA BCH is collapsing!

Fekking Koreans and their pump 'n dump malarky...

 

[ck1]

BTC USD price also climbing

 

[weelzSA]

Is it a good idea to purchase ETH through Luno or ICE3X as I seen it gone up already so want to purchase now.

Or should we rather stick to BTC?

For instance, if I had R40k to buy currency with, should I buy ETH (5 coins) or BTC (0.29 coin)?

 

[Weasley]

Is it a good idea to purchase ETH through Luno or ICE3X as I seen it gone up already so want to purchase now.

Or should we rather stick to BTC?

For instance, if I had R40k to buy currency with, should I buy ETH (5 coins) or BTC (0.29 coin)?

i feel that eth is still cheap where btc seems a bit expensive. but that is just my opinion.