The Bitcoin Thread

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One of my friends also does a bit of mining :)

Crypto.jpeg

If anybody is interested I have the chassis that he uses on my site.
 
Epic Computers said:
One of my friends also does a bit of mining :)

If anybody is interested I have the chassis that he uses on my site.
Click to expand...

Please check with him what he does on the LAN / Net surge protection? I see a bunch of surge plugs for the individual machines on the power side.
 
Hey guys.. just for future ref.. how do i sell BTC without incurring fees on Luno? Say the market price is R145 000..

Im not all that clued up on the trading terminology and so on.. so please make it as simple as possible.
 
Zulfi said:
Hey guys.. just for future ref.. how do i sell BTC without incurring fees on Luno? Say the market price is R145 000..

Im not all that clued up on the trading terminology and so on.. so please make it as simple as possible.
Click to expand...

When you find out tell us and then we will all know.....
 
Zulfi said:
Hey guys.. just for future ref.. how do i sell BTC without incurring fees on Luno? Say the market price is R145 000..

Im not all that clued up on the trading terminology and so on.. so please make it as simple as possible.
Click to expand...

Just put in sell order at 145k

Only time fees come in is if you 'match' a buy with sell or a sell with buy ie you sell at 145 and there is already a buy order for 145. So. if current order is 143 and sell is 152, you can set your sell at any value from 144 and up without paying a fee, or you can put a buy at 151 and below and no fees, but if they match or cross, you'll pay maker/taker fee

Make sense?
 
Temujin said:
Just put in sell order at 145k

Only time fees come in is if you 'match' a buy with sell or a sell with buy ie you sell at 145 and there is already a buy order for 145. So. if current order is 143 and sell is 152, you can set your sell at any value from 144 and up without paying a fee, or you can put a buy at 151 and below and no fees, but if they match or cross, you'll pay maker/taker fee

Make sense?
Click to expand...
Makes sense!! Thanks dude
 
Zulfi said:
Thanks for this unbelievably useful response
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He's actually not being sarcastic. There are quite a few of us on here who have been caught by fees who still don't quite know when we're in the clear.

Bottomline, don't sell. HODL to the moon!
 
Voicy said:
He's actually not being sarcastic. There are quite a few of us on here who have been caught by fees who still don't quite know when we're in the clear.

Bottomline, don't sell. HODL to the moon!
Click to expand...
If so, i apologise..

If not - theres no sarcasm in my response either.
 
Voicy said:
He's actually not being sarcastic. There are quite a few of us on here who have been caught by fees who still don't quite know when we're in the clear.
Click to expand...

You get how it should work though? I mean, when fees do come in and not? Other than the odd occasion when someone slips in a buy/sell a few milliseconds before yours and you end up paying a fee even though it said you wouldn't? Or must I bring out my crayons:D

Voicy said:
Bottomline, don't sell. HODL to the moon!
Click to expand...

^^This
 
Temujin said:
You get how it should work though? I mean, when fees do come in and not? Other than the odd occasion when someone slips in a buy/sell a few milliseconds before yours and you end up paying a fee even though it said you wouldn't? Or must I bring out my crayons:D



^^This
Click to expand...
Got it sir!!! Thanks!

I know.. Hodl!!
 
Temujin said:
Just put in sell order at 145k

Only time fees come in is if you 'match' a buy with sell or a sell with buy ie you sell at 145 and there is already a buy order for 145. So. if current order is 143 and sell is 152, you can set your sell at any value from 144 and up without paying a fee, or you can put a buy at 151 and below and no fees, but if they match or cross, you'll pay maker/taker fee

Make sense?
Click to expand...

I dont see this working. Could you look at the attached screenie and tell me at what would I have to place a 'maker' sell order if I want to get out now because I believe its going to drop?

Luno example.jpg
 
Freshy-ZN said:
I dont see this working. Could you look at the attached screenie and tell me at what would I have to place a 'maker' sell order if I want to get out now because I believe its going to drop?
Click to expand...

to sell 142439 is lowest you can place it without fee
142438 you will be charged fee

and opposite for buy
142438 highest you can put order without fee, at 142439 you'll be charge fee
 
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Temujin said:
to sell 142439 is lowest you can place it without fee
142438 you will be charged fee
Click to expand...

Also note that you rely on someone else being a Taker to fulfill your order. If nobody does an instant buy at your price then you won't be able to sell and get out and the price could keep going down.
 
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