The Bitcoin Thread

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That CNBCFastMoney account is certainly entertaining to read.

Indeed, was wondering why he gets so much attention... but I see he's friends with directors husband, who's also involved in the bch 'project', so that answers that
 
Hmmm.. well maybe they'll ask him wtf happened with Coinbase's abortive secret launch of BCH, and the insider trading allegations.
What scares me is that his rubbish will be eaten up by the recent crypto newbie who has just bought BTC on the hype, but hasn't done any research. All they know is that they bought BTC ("Woohoo, I'm gonna be rich!!"), only to then get smashed with fees when they try to transfer $10 of it to their mate....making them lose $28 or whatever. They'll hear this guys complaints and it'll resonate with their experiences and just lap it all up, then plough their new crypto money into BCH compounding the problem.

Well that scenario worries me anyway.

That CNBCFastMoney account is certainly entertaining to read.
Haha, their replies are so cringy man, for a 'professional' network.
 
Regarding arbitrage, buying BTC on other exchanges and selling on Luno. I think we have a R1mill limit per calendar year of cash that we cash transfer offshore.

Lol. There are multiple other ways to move cash digitally across without big brother even smelling something.
 
Lol. There are multiple other ways to move cash digitally across without big brother even smelling something.

How? By transferring another crypto like Eth? I suppose it could work. You just need worthwhile Eth/Btc rates on Luno and other exchange

- Buy Eth on Luno with Btc
- Transfer Eth to another exchange
- Buy Btc with Eth there
- Transfer Btc back to Luno
- Buy more Eth with Btc and repeat
 
How? By transferring another crypto like Eth? I suppose it could work. You just need worthwhile Eth/Btc rates on Luno and other exchange

- Buy Eth on Luno with Btc
- Transfer Eth to another exchange
- Buy Btc with Eth there
- Transfer Btc back to Luno
- Buy more Eth with Btc and repeat

The Ether/ BTC rate is quite consistent with other exchanges so essentially you'll return with less Bitcoin because of fees after every round
 
People are cautious today. On just the slightest drop in USD price they want to sell but they don't buy on the ups.
 
And here I am waiting to buy more. Although, I'm tempted to play with some altcoins.
 
Was playing around on my phone and accidentally sold my holdings at 270,000 - which is a 100% profit. Good timing.
 
Buy more the more it goes down...

I mean I didnt sell when I wanted to. All my money from wallet is in BTC at moment. I was planning to sell earlier, had drama at home. missed the mark......it dropped.

Its life, but I do think it will just bounce back. Just missed an opportunity to capitalise on this .
 
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