The Bitcoin Thread

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Countcrypto said:
It's very strange. I mean who is sitting there thinking "Alright if it just goes up half a percent THEN I'll sell!"

It can only be the whaliest of whales (banks?) manipulating the market.
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I buy and sell for 0.5% sometimes or even less. I feel it safer to do several of these small trades a day compared to waiting for 2% with ZAR and BTC locked in and possibility of the market turning against me.

Over the past two weeks I've acquired another 30% more BTC this way.
 
dekana said:
Welcome to Bitcoin folks, the worlds first decentralized ponzi scheme!
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not quite ponzi...just over valued.

we been using it to pay people overseas for outsourced work.
seems legit in that way....
 
*SynergyX* said:
not quite ponzi...just over valued.

we been using it to pay people overseas for outsourced work.
seems legit in that way....
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My feeling is that when countries start releasing central bank backed cryptos on their own blockchains bitcoin will become but a fond memory
 
SaiyanZ said:
I buy and sell for 0.5% sometimes or even less. I feel it safer to do several of these small trades a day compared to waiting for 2% with ZAR and BTC locked in and possibility of the market turning against me.

Over the past two weeks I've acquired another 30% more BTC this way.
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time will tell if acquiring BTC is the right thing...
 
*SynergyX* said:
time will tell if acquiring BTC is the right thing...
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At some point I will sell. If it gets closer to R200k again or if I reach my profit goals (300% profit), whichever comes first. I will start withdrawing any extra I make and keep a fixed amount for trading.

Right now this is better than just holding and I don't want to sell because it's hard to tell where the bottom is.
 
I’m a little surprised at some of the comments. I would have thought more people on this thread would be true long-term believers in BTC. Sure making a quick buck is always fun, but fundamentals are more important in my view.

I don’t think we yet realise the true impact this disruptive technology will have on the world.
 
B1ade said:
I’m a little surprised at some of the comments. I would have thought more people on this thread would be true long-term believers in BTC. Sure making a quick buck is always fun, but fundamentals are more important in my view.

I don’t think we yet realise the true impact this disruptive technology will have on the world.
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The impact of the technology is completely irrelevant to the price of the bitcoin. You don't need to own a bitcoin to implement blockchain technology.
 
SaiyanZ said:
At some point I will sell. If it gets closer to R200k again or if I reach my profit goals (300% profit), whichever comes first. I will start withdrawing any extra I make and keep a fixed amount for trading.

Right now this is better than just holding and I don't want to sell because it's hard to tell where the bottom is.
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so you are 100% confident the price will go up again? what if it just trends downwards all the time, whats stopping that from happening?
 
saturnz said:
so you are 100% confident the price will go up again? what if it just trends downwards all the time, whats stopping that from happening?
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having faith like potatoes of-course...

not everyone is a damp squib like yourself
 
saturnz said:
so you are 100% confident the price will go up again? what if it just trends downwards all the time, whats stopping that from happening?
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I'm not 100% confident it's going to keep going down. The risk is worth it to me as I can make enough from trading to mitigate most of the drop in the price. So if it goes up again I win big. If it doesn't then I haven't lost much and it would now need to drop below R60k for me to lose any capital.
 
Sinbad said:
The impact of the technology is completely irrelevant to the price of the bitcoin. You don't need to own a bitcoin to implement blockchain technology.
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It’s of course possible that BTC won’t be the cryptocurrency of choice forever. Bitcoin however has the first-mover advantage, which is sometimes underestimated. It also has some of the best minds out there working toward its success.

We are at the very early stages still. I believe that the issues Bitcoin faces will be overcome, thereby assisting with mass adoption and resulting in price inflation.

I think the question we have to ask ourselves though is whether we invest in BTC purely to make money, or do we also believe in the fundamental value propositions.
 
B1ade said:
It’s of course possible that BTC won’t be the cryptocurrency of choice forever. Bitcoin however has the first-mover advantage, which is sometimes underestimated. It also has some of the best minds out there working toward its success.

We are at the very early stages still. I believe that the issues Bitcoin faces will be overcome, thereby assisting with mass adoption and resulting in price inflation.

I think the question we have to ask ourselves though is whether we invest in BTC purely to make money, or do we also believe in the fundamental value propositions.
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Still doesn't mean you need to own bitcoins to implement the technology.
The technology is valuable. The bitcoin product is not.
 
moment of truth coming ....either we double bottom and bounce.

or the floor disappears and we fall into open space!!!
 
*SynergyX* said:
moment of truth coming ....either we double bottom and bounce.

or the floor disappears and we fall into open space!!!
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My moneys on bounce through the roof... provided it gets through the 9300 buy walls... fark, 1470 on bitfinex

Edit, hells, it just blew through in seconds:wtf:
 
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