The Bitcoin Thread

[SaiyanZ]

Is someone on luno selling for $12k!? Someone sent this and I'm not at PC right now. Think they pulled that from coinmarketcap.

I put in a sell price of R1.62mill yesterday instead of R162k but I don't think it's related.

 

[saor]

But, Cex is sitting at $10000/BTC, which is R137708 at the moment. Luno is at about R170000. If you include that 3,5%, I'm thinking you'd get more for your money

Right. I guess it depends on the rate at luno then. The few times I've used cex over the weekend in desperation I ended up paying more than luno after all the transaction fees had been worked in.

 

[saor]

We all are on Luno. $12,000 x 13.8 (exchange rate) = R165,600. Luno currently trades at the highest premium of all 385 exchanges listed on coinmarketcap.

Ah ok, that makes sense. So not a fat finger blunder then. I wasn't aware their price was higher to such a degree. A few US traders are eyeing that $12k enviously.

 

[Tman*]

not sure how true this infographic is, but if it holds any truth, crypto is still an embryo.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

 

[jman]

Right. I guess it depends on the rate at luno then. The few times I've used cex over the weekend in desperation I ended up paying more than luno after all the transaction fees had been worked in.

Maybe an arbitrage opportunity here. Since the Luno price is so high

 

[SaiyanZ]

Maybe an arbitrage opportunity here. Since the Luno price is so high

Yeah, I've seen talk of arbitrage by several others I work with and on public places like Facebook. We were high since we broke around R122k or so but there's more focus on it now with the strengthening of the Rand by about 2% yesterday. I'd be careful not to buy in too high this week.

 

[jman]

Yeah, I've seen talk of arbitrage by several others I work with and on public places like Facebook. We were high since we broke around R122k or so but there's more focus on it now with the strengthening of the Rand by about 2% yesterday. I'd be careful not to buy in too high this week.

Yep I've been cautious with buying in. Got R5k ready to go, but the price is particularly high on Luno atm. Suppose long term it won't make too much difference though

 

[Gtx Gaming]

I love this high luno prices, mining profits looks really good

 

[iedergeval]

the current ZAR price in a good outcome to the ANC congress
otherwise ZAR will weaken by> 10%
I will be very wary to sell btc and rand hedge stocks now

 

[iedergeval]

not sure how true this infographic is, but if it holds any truth, crypto is still an embryo.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

nice
All of the World’s (Known) Money and Markets

 

[JerryMungo]

nice
All of the World’s (Known) Money and Markets

Very cool but out of date if you consider BTC's market cap is 166 billion today. That 100 billion was earlier this year.

 

[Temujin]

Very cool but out of date if you consider BTC's market cap is 166 billion today. That 100 billion was earlier this year.

like 3 week ago

 

[Gtx Gaming]

https://coinmarketcap.com/currencies/bitcoin/#markets

Luno still trading above 12k usd for BTC!

 

[Kloofvreter]

useful free bitcoin guide
http://jcex.co.za/free-bitcoin-guide/

SPAM!!!!!!!!

 

[PPLdude]

This isn't sustainable... r-right guys?

 

[morkhans]

SPAM!!!!!!!!

Why do you quote the spam???

Just more clean-up work for mods.

 

[Kloofvreter]

Why do you quote the spam???

Just more clean-up work for mods.

Quoted then actually reported it. Now there's two whole extra posts to delete. Sorry.

 

[I.am.Sam]

why is it that luno is so high while Cex is so low ...who is right ?

 

[Gtx Gaming]

why is it that luno is so high while Cex is so low ...who is right ?

price is what ever the user is willing to pay.

Here people are willing to pay a premium.

 

[JohnJuniorV3]

why is it that luno is so high while Cex is so low ...who is right ?

Buy BTC on Cex.io, sell on luno