When Bitcoin cost R7.20

I registered on Luno saturday. very straight forward

Deposited money and it cleared within an hour.

Today I bought R100 BTC and Ether in the morning as a test of fees, process ect. 2% fee.
It recovered the 2% within 15 minutes but now ETH valued at R84. BTC dropped to 94 but back to 98 now.

Use the exchange to purchase bitcoin. this will make sense when you register. The buy now is a convenience at a cost.
 
RaptorSA said:
Dude, maybe just educate yourself on what bitcoin is first etc.
There's an entire internet at your disposal and an incredible amount of resources out there to explain it to you, you don't even need to read.

It's kind of disturbing that people just want to dump money into crypto without doing some basic leg work.
It's all about greed and it's why there will be a massive correction at some point.
Nothing wrong with making money out of it though, but surely not being lazy and trying to understand it first is the least you can do.
Click to expand...
I have checked all over Google I'm just confused that's why I'm trying to get other people's opinion very weird sorry if you think I'm lazy when it comes to all this I get confused
 
Bilal_687 said:
I have checked all over Google I'm just confused that's why I'm trying to get other people's opinion very weird sorry if you think I'm lazy when it comes to all this I get confused
Click to expand...

there is a very and I mean VERY comprehensive help section on luno side,

maybe take a look at it to educate yourself? its very useful to know,
 
eg2505 said:
there is a very and I mean VERY comprehensive help section on luno side,

maybe take a look at it to educate yourself? its very useful to know,
Click to expand...
Oh I will definitely try just looking to invest :(
 
Bilal_687 said:
I have checked all over Google I'm just confused that's why I'm trying to get other people's opinion very weird sorry if you think I'm lazy when it comes to all this I get confused
Click to expand...

No problem, it is indeed confusing in the beginning, trust me I was there and short of reading Satoshi's original whitepaper there's always questions.
It's better though work through it yourself, personally, the youtube crypto videos (for dummies etc.) help the most.
The resources on Luno is also great.
 
Except few people hung on to any initial coin till now. Most just made a few 100% and cashed out. Then it also wasn't so easy to buy initially and most of the supply was from mining with people selling over the counter.

RaptorSA said:
Dude, maybe just educate yourself on what bitcoin is first etc.
There's an entire internet at your disposal and an incredible amount of resources out there to explain it to you, you just need to know how to Google and you don't even need to read.

It's kind of disturbing that people just want to dump money into crypto without doing some basic leg work.
It's all about greed and it's why there will be a massive correction at some point.
Nothing wrong with making money out of it though, but surely not being lazy and trying to understand it first is the least you can do.
Click to expand...
Actually he's doing it right. Buy a R100 or so and figure out how it works. Play around on the exchange a little. It's not bitcoin that's valuable but the tech. One day everything will be crypto of some sort and then your initial investment will put you far ahead of the general populace.
 
Everything is already crypto? Unless you mean blockchain, in which case I hope I'm dead by then.
 
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