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General Category => Shares => Topic started by: jaDEB on August 02, 2017, 08:24:04 am

Title: Bitcoins
Post by: jaDEB on August 02, 2017, 08:24:04 am
How many Bit coins do you mine say per day or week? approximately?
Title: Re: Bitcoins
Post by: Hamster on August 02, 2017, 09:05:22 am
0

I've thought about it and even considered one of them cloud mining setups but the reviews were divided. Luckily somebody else (MrDividend?) did it before me and from what I can tell it's not working out that well. Prefer buying/selling on the exchanges. Made good profit with not too large a sum of money before I completely cashed out two or so months ago.

Might get back into it, maybe.
Title: Re: Bitcoins
Post by: gcr on August 02, 2017, 09:22:39 am
My youngsters are mining 24/7/365 and are happy with their results. It has elevated their household costs a bit via electricity consumption as they are using quite a big set up to mine
Title: Re: Bitcoins
Post by: PlatinumWealth.co.za on August 02, 2017, 10:22:23 am
You will need an ASIC farm if you want to mine BTC.

We mine Ether, SIA, Zcash and Redd
Title: Re: Bitcoins
Post by: yozzi on August 09, 2017, 02:33:01 pm
 Is anyone buying/selling bitcoins at the moment? Is it a lucrative? What sort of % profits/losses are you achieving?

I'm still trying to understand what it's all about!

Title: Re: Bitcoins
Post by: PlatinumWealth.co.za on August 09, 2017, 07:13:28 pm
Is anyone buying/selling bitcoins at the moment? Is it a lucrative? What sort of % profits/losses are you achieving?

I'm still trying to understand what it's all about!

You don't sell Bitcoin.

Title: Re: Bitcoins
Post by: yozzi on August 12, 2017, 10:33:37 am
Don't leave it there! Impart your knowledge and tell us how you come to that conclusion?
Title: Re: Bitcoins
Post by: Lamak on August 13, 2017, 06:17:17 pm
You will need an ASIC farm if you want to mine BTC.

We mine Ether, SIA, Zcash and Redd

This is interesting. Do you use a ASIC farm at home?
I am currently using a cloud mining company and can only imagine that having your own server in much better.
Title: Re: Bitcoins
Post by: jaDEB on September 01, 2017, 02:12:31 pm
BTC/ZAR 67,940
Title: Re: Bitcoins
Post by: PlatinumWealth.co.za on September 05, 2017, 09:11:42 am
You will need an ASIC farm if you want to mine BTC.

We mine Ether, SIA, Zcash and Redd

This is interesting. Do you use a ASIC farm at home?
I am currently using a cloud mining company and can only imagine that having your own server in much better.

Have a GPU farm of note (https://platinumwealth.co.za/forum/Thread-How-to-build-an-Ethereum-mining-rig) in an industrial building/warehhouse.

Then for those wanting a minimalist view of prices, I build this for us (free, no money mahala) https://coindata.co.za/ will make an API available soon.
Title: Re: Bitcoins
Post by: jaDEB on September 05, 2017, 09:33:34 am
BTC/ZAR 63,119
Title: Re: Bitcoins
Post by: JohnnyH on September 13, 2017, 10:08:15 am
Now down to ~55k??

Seems the hype is fading...?
Title: Re: Bitcoins
Post by: jaDEB on September 13, 2017, 01:41:10 pm
BTC/ZAR 54,445

Getting a hiding,  :wall:  ???  :'(  :'(  :'(  :'(
Title: Re: Bitcoins
Post by: andre on October 03, 2017, 11:24:58 am
Seems to have recovered for the most part. It will be a wild ride but in the long run, it can only move up.
Title: Re: Bitcoins
Post by: PlatinumWealth.co.za on October 03, 2017, 04:19:40 pm
Seems to have recovered for the most part. It will be a wild ride but in the long run, it can only move up.

Will pick up again after 1 November.
Title: Re: Bitcoins
Post by: jaDEB on October 11, 2017, 03:25:00 pm
BTC/ZAR 66,500
Title: Re: Bitcoins
Post by: andre on October 11, 2017, 04:25:56 pm
Yip - only way is up.
Ethereum is still struggling to recover but almost there.
The forecast for BTC was always $5k by the end of 2017.

(https://s1.postimg.org/7lyfj9ckf3/Capture.jpg) (https://postimg.org/image/6mic639t97/)
Title: Re: Bitcoins
Post by: jaDEB on October 13, 2017, 07:20:50 am
BTC/ZAR 77,924
Title: Re: Bitcoins
Post by: Hamster on October 13, 2017, 02:09:54 pm
The latest surge must be hype... it's insane!
Title: Re: Bitcoins
Post by: jaDEB on October 16, 2017, 12:34:33 pm
BTC/ZAR 78,492  :TU:
Title: Re: Bitcoins
Post by: Nivek on October 16, 2017, 02:49:15 pm
It's climbing so fast it must be getting nosebleeds. I don't get it, why are they so valuable?
Title: Re: Bitcoins
Post by: gcr on October 16, 2017, 06:51:35 pm
It's climbing so fast it must be getting nosebleeds. I don't get it, why are they so valuable?
My understanding is there is only a finite number in existence at present, so its a captive market, also its an ideal opportunity for money laundering without authorities knowing where the coins are at any given time - no registers.
I do believe this is a bit of a bubble and a bit like the tech stock melt down a number of decades back - but hey this happens in markets you just need to be astute with your wealth
Title: Re: Bitcoins
Post by: jaDEB on October 17, 2017, 04:17:36 pm
BTC/ZAR 79,282

Title: Re: Bitcoins
Post by: jaDEB on October 17, 2017, 04:23:17 pm
It's climbing so fast it must be getting nosebleeds. I don't get it, why are they so valuable?
My understanding is there is only a finite number in existence at present, so its a captive market, also its an ideal opportunity for money laundering without authorities knowing where the coins are at any given time - no registers.
I do believe this is a bit of a bubble and a bit like the tech stock melt down a number of decades back - but hey this happens in markets you just need to be astute with your wealth

Let’s say Maria wants to send mail to Peter. First she needs to know what Peter’s mailbox address or number is. Let’s say Peter’s mailbox is number 2034. Similarly, if she wants to send Bitcoin to Peter, she needs to know his Bitcoin address, which is a number that uniquely identifies him. This is also sometimes called his wallet address, or public key, which functions similar to your bank account number. It’s a long and complicated number because there are so many Bitcoin post boxes in the world, but thankfully you don’t have to remember it, you can find it on the internet.
So now Maria deposits the Bitcoin in Peter’s mailbox. She can have a peek inside and see the Bitcoin there, in fact anyone who walks by can see that mailbox 2034 is filled with one Bitcoin. This is part of the exciting part of Bitcoin - that everyone can see all the transactions but without anyone having to share their identity. People can see there is one Bitcoin in 2034, but no-one, except for Maria and Peter, will know it belongs to Peter.
Title: Re: Bitcoins
Post by: Moonraker on October 17, 2017, 04:34:35 pm
From https://bitcoin.stackexchange.com/questions/148/what-exactly-is-mining

Quote
The way Bitcoin works is that instead of having one central authority who secures and controls the money supply (like most governments do for their national currencies), this work is spread out all across the network. Most of the heavy lifting for Bitcoin is done by "miners".

Miners collect the transactions on the network (like "Alice pays Karim 10 bitcoins" and "Liam pays Sofia 8.3 bitcoins") into large bundles called blocks. These blocks are strung together into one continuous, authoritative record called the block chain, which doesn't permit any conflicting transactions. This is necessary because without it people would be able to sign the same bitcoins over to two different recipients, like writing cheques for more money than you have in your account. The block chain lets you know for sure exactly which transactions count and can be trusted (so no bad cheques!).

The way Bitcoin makes sure there is only one block chain is by making blocks really hard to produce. So instead of just being able to make blocks at will, miners have to compute a cryptographic hash of the block that meets certain criteria. Bitcoiners refer to this process as "hashing". The only way to find a cryptographic hash that's "good enough to count" is to try computing a whole bunch of them until you get lucky and find one that works. This is the "lottery" that David Schwartz refers to, because miners who successfully create a block are rewarded some bitcoins according to a preset schedule. The difficulty of the criteria for the hash is continually adjusted based on how frequently blocks are appearing, so more competition equals more work needed to find a block. A modern GPU can try hundreds of millions of hashes per second, so to be competitive in this race to find hashes miners need specialised hardware, otherwise they will tend to spend more on electricity than they make in the "lottery".

In addition to the hash criteria, a block needs to contain only valid, non-conflicting transactions. So the other main task for miners is to carefully validate all the transactions that go into their blocks, otherwise they won't get any reward for their work!

Because of all this work, when a Bitcoin client signs on to the network it can trust the block chain that was most difficult to produce (since this is evidently the one that was being worked on by the most miners). If there was a "fake" blockchain competing with the real ones (say, where someone pretends that they didn't actually give Sofia those 8.4 bitcoins and they still have them), the fraudster would have to do as much work as the whole rest of the network to make their block chain look as trustworthy. So essentially, the intense work that goes into finding blocks through hashing secures the network against fraud. There is also, of course, some nifty code that figures out how to choose between conflicting transactions; and what to do if two people find valid blocks at the same time.

One last thing: why is it called mining? In the original analogy, people who performed this essential work were compared to gold miners digging the gold out of the ground so that everyone could use it. But in reality, Bitcoin "miners" are just running computer programs on very specialised hardware that automates the process of securing the network. To sum up, this software

Collects transactions from the network
Validates them, and doesn't allow conflicting ones
Puts them into large bundles called blocks
Computes cryptographic hashes over and over until if finds one "good enough to count"
Then submits the block to the network, adding it to the block chain and earning a reward in return.
That's mining in a nutshell!

Title: Re: Bitcoins
Post by: jaDEB on October 21, 2017, 02:48:19 pm
BTC/ZAR 88,173
Title: Re: Bitcoins
Post by: Moonraker on October 21, 2017, 04:29:52 pm
Watch out!

uBlock Origin Developers Take Steps to Block Cryptocurrency Mining Scripts (https://themerkle.com/ublock-origin-developers-take-steps-to-block-cryptocurrency-mining-scripts/)

Quote
It has become rather evident that embedding cryptocurrency mining scripts in web pages can be a very lucrative business. The Pirate Bay recently experimented with such a script to potentially replace its ad revenue model. However, this technology can also be used for far more nefarious purposes. uBlock Origin, one of the world’s most famous ad blockers, has built in a feature that blocks these mining scripts altogether.
Quote
However, these new cryptocurrency mining scripts embedded in websites are also a big cause for concern. Using other people’s computer resources to generate money on another’s behalf without consent is a very dangerous concept. It is only normal that most people would take ample precautions to block these scripts without having to go through a big ordeal to do so. As it turns out, most ad blockers do the job just fine. uBlock Origin is one of the best ad blockers for this purpose.

(I have been using uBlock₀ and uMatrix for a long time - can recommend. You can add NoCoin FilterList to uBlock₀ https://filterlists.com/)
Title: Re: Bitcoins
Post by: jaDEB on October 27, 2017, 02:14:24 pm
BTC/ZAR 87,651
Title: Re: Bitcoins
Post by: andre on October 30, 2017, 03:10:58 pm
Still going strong!
I expected a bit of a pullback after the fork - perhaps even close to $5200 again
Guess we'll see
Title: Re: Bitcoins
Post by: jaDEB on October 31, 2017, 03:48:54 pm
BTC/ZAR 94,499  :TU:
Title: Re: Bitcoins
Post by: andre on October 31, 2017, 04:54:12 pm
Interesting to see Bitcoin Cash lifting it's head again  8)
The loser of the month is Ethereum sitting virtually unchanged around the $300 mark
Title: Re: Bitcoins
Post by: jaDEB on November 02, 2017, 07:50:48 am
BTC/ZAR 113,700   ???
Title: Re: Bitcoins
Post by: jaDEB on November 03, 2017, 07:51:21 am
BTC/ZAR 114,497  :-*
Title: Re: Bitcoins
Post by: jaDEB on November 06, 2017, 09:36:27 am
BTC/ZAR 115,307
Title: Re: Bitcoins
Post by: jaDEB on November 21, 2017, 02:17:18 pm
BTC/ZAR 121,390
Title: Re: Bitcoins
Post by: jaDEB on November 22, 2017, 02:43:35 pm
BTC/ZAR 124,630
Title: Re: Bitcoins
Post by: andre on November 27, 2017, 09:03:25 am
Knocking on $10 000
Already trading over ZAR 165k on Luno


(https://s17.postimg.org/6ndupz9fj/Capture.jpg) (https://postimages.org/)
Title: Re: Bitcoins
Post by: yozzi on November 27, 2017, 03:33:06 pm
Surely it must burst! Unsustainable?
Title: Re: Bitcoins
Post by: Hamster on November 27, 2017, 04:57:08 pm
Surely it must burst! Unsustainable?

That's what I thought in June at R35k, a few weeks ago at R90k and yesterday at R140k...
Title: Re: Bitcoins
Post by: Patrick on November 27, 2017, 05:18:16 pm
Here's a question for some of you who have a few hundred K in bitcoin. If you had the same amount in cash today, would you put it in bitcoin now?
Title: Re: Bitcoins
Post by: jaDEB on November 27, 2017, 05:41:32 pm
BTC/ZAR 165,499 , Just bought some Ethereum. Now I must just learn to pronounce the name  correctly  :wall:
Title: Re: Bitcoins
Post by: Hamster on November 27, 2017, 07:34:39 pm
Pronounce it like "Ether" because that's the coin's name. Ethereum is the tech underneath it.
Title: Re: Bitcoins
Post by: yozzi on November 28, 2017, 01:31:58 pm
On which platforms or exchanges are you guys buying your cryptos? I've read so much negativity about scam exchanges, etc that not sure where to buy.

Are you buying and storing your currencies on the same exchange or using a seperate wallet? Be interested in hearing how you rate the various players in the market.

Title: Re: Bitcoins
Post by: jaDEB on November 28, 2017, 03:31:21 pm
I use www.luno.com. For Bitcoin and Ether
Title: Re: Bitcoins
Post by: jaDEB on November 28, 2017, 03:41:52 pm
Pronounce it like "Ether" because that's the coin's name. Ethereum is the tech underneath it.

Thanks Hamster
Title: Re: Bitcoins
Post by: yozzi on November 28, 2017, 03:51:23 pm
I use www.luno.com. For Bitcoin and Ether

jaDEB do you store the cryptos with Luno as well as buying them there?

I've just bought Ripple on eToro exchange as they take GBP & USD
Title: Re: Bitcoins
Post by: Hamster on November 28, 2017, 04:06:58 pm
Pronounce it like "Ether" because that's the coin's name. Ethereum is the tech underneath it.

Thanks Hamster

You know what, I think I might be wrong. A lot has changed since we first started messing around with it.

Ether is more like a Satoshi is to a Bitcoin, a smaller denomination of Ethereum. Looks like I misunderstood it all this time. Just shows you how much you can trust what people say on the internet  :LHST:
Title: Re: Bitcoins
Post by: jaDEB on November 29, 2017, 07:37:45 am
Well me and u can call it Ether.
Title: Re: Bitcoins
Post by: andre on December 01, 2017, 08:45:35 am
Here's a question for some of you who have a few hundred K in bitcoin. If you had the same amount in cash today, would you put it in bitcoin now?

I like this question as it forces one to look past the hype and current fomo surrounding crypto. Personally, I would play it safe but that's because of my goals and adversity to risk.

Although I have a good understanding of blockchain and the value the technology might add - there seem to be a bit of a separation between what's happening with Bitcoin and the application of Blockchain. This makes Bitcoin a form of a digital asset rather than the currency it was intended to be. Frankly, right now I would rather look at some of the altcoin technology offering real-world application of blockchain as a long-term investment rather than Bitcoin. But Bitcoin is a fun ride at the moment and if you have everything set up it's pretty easy to turn a quick 10-15% with some form of arbitrage. Else treat it like gambling and just play with a bit of spare cash if you have it..
There's lots of profit in altcoins if you're prepared to risk but it can be extremely volatile and you have to do your homework. For example 3 weeks ago you could buy ADA (Cardano) for USD 0.02 and now it's sitting around USD 0.11.
Interestingly the real tricky part is converting your gains to usable currency (fiat) - most exchanges uses BTC or USD as base currency so you have to risk the volatility of BTC to move currency. 

Title: Re: Bitcoins
Post by: andre on December 01, 2017, 08:54:04 am
On which platforms or exchanges are you guys buying your cryptos? I've read so much negativity about scam exchanges, etc that not sure where to buy.

Are you buying and storing your currencies on the same exchange or using a seperate wallet? Be interested in hearing how you rate the various players in the market.

A hardware wallet would be the best and safest option. IMO one should never leave crypto on a wallet in any exchange - just be aware that some exchanges charge fees for sending and receiving crypto.  Second to a hardware wallet would be a reputable software wallet where you control all your own private keys. I would recommend Exodus.io at the moment but there are others.

With regards to exchanges - personally I've used Bitstamp.net (they accept SEPA account funding at no cost), Bittrex.com (only exchange you can purchase virtually any altcoin - they use USD and BTC as base currency), CEX.io (expensive but you can fund your account with a credit card and the platform is good), Luno (for obvious reasons)
Title: Re: Bitcoins
Post by: jaDEB on December 08, 2017, 03:30:54 pm
BTC/ZAR 222,850

Ethereum • 6,699 - learn how to pronounce the %$#@ thing dammit  :wall:  :wall:  :wall:
Title: Re: Bitcoins
Post by: Patrick on December 09, 2017, 06:57:26 pm
What are your thoughts on this: https://www.wired.com/story/bitcoin-mining-guzzles-energyand-its-carbon-footprint-just-keeps-growing/

With the damage bitcoin is doing to the environment surely it's unethical to support it? The bubble aspect is now only a secondary concern to me.

The transaction costs also mean it doesn't have the ability to perform it's intended purpose of facilitating low value transactions.

None of this is saying it might not go much much higher, but for the sake of the planet I do hope the crash comes sooner rather than later.

Title: Re: Bitcoins
Post by: jaDEB on December 09, 2017, 07:48:57 pm
With all respect.

With all the pollution /cars / plastic bags / mining /  shark killing for fins / chemical plants / power plants / forest destroying / computers /  over fishing etc. etc.  in the world. and you hope BTC crashes ?  :question:
Title: Re: Bitcoins
Post by: Hamster on December 09, 2017, 08:15:54 pm
Ethics and making money don't go together
Title: Re: Bitcoins
Post by: Patrick on December 09, 2017, 09:00:48 pm
If it helps all those things worry me too. To be honest I want a cryptocurrency to work. I'd love to spend less to move money around the world. It's the miners that seem to be doing huge damage.
Title: Re: Bitcoins
Post by: andre on December 12, 2017, 10:01:04 am
What are your thoughts on this: https://www.wired.com/story/bitcoin-mining-guzzles-energyand-its-carbon-footprint-just-keeps-growing/

With the damage bitcoin is doing to the environment surely it's unethical to support it? The bubble aspect is now only a secondary concern to me.

The transaction costs also mean it doesn't have the ability to perform it's intended purpose of facilitating low value transactions.

None of this is saying it might not go much much higher, but for the sake of the planet I do hope the crash comes sooner rather than later.

I've been trying to figure out a way to classify the different 'crypto' offerings but there's plenty of overlap:
1. Digital Assets
2. Crypto Currencies (transactional)
3. Crypto Protocols (smart contracts)
4. Funding Tokens (displace traditional venture capitalists from the fundraising process)
Title: Re: Bitcoins
Post by: jaDEB on December 12, 2017, 01:00:31 pm
BTC/ZAR 247,319

Ethereum  7,810
Title: Re: Bitcoins
Post by: jaDEB on January 08, 2018, 11:48:07 am
BTC/ZAR 205,392    :wall:

Ethereum  14,838   ;)
Title: Re: Bitcoins
Post by: jaDEB on January 16, 2018, 11:00:12 am
BTC/ZAR 157,250.00

ETH/ZAR  13,338.00

Sold my ETH and bought More BTC
Title: Re: Bitcoins
Post by: floydthebarber71 on January 17, 2018, 02:10:01 pm
BTC/ZAR 157,250.00

ETH/ZAR  13,338.00

Sold my ETH and bought More BTC

Specific reasons for doing so? Man the cryptos are tanking right now
Title: Re: Bitcoins
Post by: jaDEB on January 17, 2018, 02:33:29 pm
I just swapped my ETH for more BTC, as I think BTC will recover quicker that ETH, I think.  :(
Title: Re: Bitcoins
Post by: Hamster on January 17, 2018, 03:51:28 pm
I kept everything as is except for the NEO that I had. Swapped that for a bunch of shit coins like Data and fun fair. They're all at about 8-15c so hopefully they surge a but if there is a comeback.
Title: Re: Bitcoins
Post by: Moneypenny on January 18, 2018, 09:16:11 am
Bitcoin trading range hits $2,600 in 18 hours
 
Bitcoin’s wild start to 2018 turned breakneck on Wednesday, with the largest cryptocurrency plunging below $10,000 for the first time in six weeks before staging a rally to trade virtually unchanged...

https://businesstech.co.za/news/banking/219811/bitcoin-trading-range-hits-2600-in-18-hours/
Title: Re: Bitcoins
Post by: jaDEB on January 22, 2018, 08:14:47 am
Bitcoin • R 159,001
Ethereum • R 14,499

 :wall:
Title: Re: Bitcoins
Post by: gcr on January 22, 2018, 09:39:46 am
Read the piece in Business Day around bitcoins then you can really weep
Title: Re: Bitcoins
Post by: jaDEB on January 22, 2018, 10:27:48 am
Are you refereeing to "Is this bitcoin’s crash-and-burn moment?" or other one ?
Title: Re: Bitcoins
Post by: gcr on January 22, 2018, 12:34:17 pm
Are you refereeing to "Is this bitcoin’s crash-and-burn moment?" or other one ?
No there is a letter to the editor "Bitcoin's fall no surprise" - which I found interesting
Title: Re: Bitcoins
Post by: Hamster on January 22, 2018, 12:40:12 pm
Are you refereeing to "Is this bitcoin’s crash-and-burn moment?" or other one ?
No there is a letter to the editor "Bitcoin's fall no surprise" - which I found interesting

Quote
Despite reassurances from the bitcoin faithful, we may well be seeing the beginning of the end of the bitcoin bubble (Bitcoin plunges on investor jitters, January 18). This should not come as a surprise to anyone who has bothered to seriously interrogate the nature of the phenomenon.

This unregulated digital unit, created (or "mined") at great computational effort and cost and limited to 21-million units in issue (if the anonymous creators are to be believed), was touted to become a worldwide payment mechanism. This was never going to happen, simply because bitcoin in its current guise and the numerous copycats it spawned do not meet any of the criteria of an acceptable currency.

Apart from matters such as having to be a store of at least some value, a generally accepted means of payment and a unit of account, the fundamental question of who controls the volume in circulation remains unanswered. In a sense, bitcoin units are not unlike the cereal box cards of baseball heroes or Ben 10. The euphoria of "mining" these cards evaporated as soon as the supply dried up, and you can’t even show your collection of bitcoins to your grandchildren.

That the blockchain technology underlying cryptocurrencies may well find useful application in many other areas is fairly certain. Unfortunately, the mystique surrounding the technology blinded many to the risk of investing in cryptocurrencies.

Unlike the retailers and other vendors who jumped on the bandwagon and accepted cryptocurrencies, the small guys who have already or are still to lose their investments may well receive some sympathy.

Blignault Gouws
Waterkloof Ridge
https://www.businesslive.co.za/bd/opinion/letters/2018-01-22-letter-bitcoins-fall-no-surprise/
Title: Re: Bitcoins
Post by: Hamster on January 22, 2018, 12:46:01 pm
It definitely reads like it was written by a non-technical person and I'm sure the crypto fanatics will tear it apart because of statements like "if the anonymous creators are to be believed" and they'll completely miss the point of what he is saying.

Not that he said anything new.

All you need is for Bitcoin/cryptos to surge for a week and this crash (yes, crash!) will be forgotten.
Title: Re: Bitcoins
Post by: jaDEB on January 22, 2018, 12:58:47 pm
Thanks for input, it is appreciated, Hamster and gcr.
Title: Re: Bitcoins
Post by: Hamster on January 22, 2018, 01:49:24 pm
Lemme clarify: "All you need is for Bitcoin/cryptos to surge for a week and this crash (yes, crash!) will be forgotten by the fanatics."

Title: Re: Bitcoins
Post by: gcr on January 22, 2018, 01:58:42 pm
Hamster - I don't really care which direction Crypto currencies go (I would only buy if I wanted to shunt funds overseas for money laundering purposes) my biggest concern is the knock on effect it will have on stock exchanges - some are setting higher highs and or near all time highs and investors are nervous and markets move with the slightest government missteps, arrogant and/or stupid statements. Only have to look at the mad Tramp of America and the ballistic North Korean and our own Zuma to get a sense of crass stupidity at work every minute of the day.
So my concern around crypto currencies is what happens when the roundabout ultimately stops spinning
Title: Re: Bitcoins
Post by: Patrick on January 22, 2018, 02:30:24 pm
I would love a totally stable price. Should this happen, it's the way I plan to bring my dividends back into SA for spending once I stop working. With the arbitrage possibility US/ZA it could be pretty cool :)
Title: Re: Bitcoins
Post by: jaDEB on January 23, 2018, 05:02:33 pm
BTC/ZAR 137,302

ETH/ZAR  12,510
Title: Re: Bitcoins
Post by: jaDEB on February 01, 2018, 03:25:08 pm
BTC/ZAR 113,993

ETH/ZAR  13,618

Title: Re: Bitcoins
Post by: jaDEB on February 05, 2018, 11:47:40 am
BTC/ZAR 102,353
ETH/ZAR 11,107
Title: Re: Bitcoins
Post by: andre on February 06, 2018, 02:13:29 pm
The carnage continues  >:(

BTC/ZAR 82,000
ETH/ZAR 7953,00

 I bet there's a lot of blood on the streets by now
Title: Re: Bitcoins
Post by: jaDEB on February 07, 2018, 12:55:59 pm
BTC/ZAR 107,059
ETH/ZAR 10,858

Title: Re: Bitcoins
Post by: jaDEB on February 14, 2018, 05:46:26 pm
BTC/ZAR 113,880
ETH/ZAR 11,018
Title: Re: Bitcoins
Post by: jaDEB on February 19, 2018, 08:06:54 am
BTC/ZAR 130,255
ETH/ZAR 11,299
Title: Re: Bitcoins
Post by: jaDEB on February 27, 2018, 12:26:59 pm
BTC/ZAR 127,665
ETH/ZAR 10,574
Title: Re: Bitcoins
Post by: jaDEB on February 27, 2018, 12:48:52 pm
dUCK !!!!!
Title: Re: Bitcoins
Post by: jaDEB on March 06, 2018, 07:44:01 am
BTC/ZAR 137,219
ETH/ZAR 10,297
Title: Re: Bitcoins
Post by: jaDEB on March 12, 2018, 12:17:53 pm
BTC/ZAR 121,988
ETH/ZAR 9,012
Title: Re: Bitcoins
Post by: Bevan on April 01, 2018, 10:16:59 pm
The blockchain is here to stay. Probably around 60-70% of future contracting will eventually be backed by it. But what currency will underlie it and who will be providing the relevant "proof of stake". Basically, if crypto works the banks and govt's will all be issuing their own crypto-dollars and crypto-Rands etc. Great way to raise taxes. Simply issue a national crypto currency and increase the tax payable on mining it gradually, until it's no longer worth mining. Voila, you have rarity and utility immediately. Nlhanhla, you can have that idea for free.

BTC and ETH are two leading contenders at the moment but hey, the 90's internet boom also had first mover advantages. Remember askjeeves.com and altavista ? No? You're not alone. But I bet you know google.com . Does anyone know the more than 1,001 other alt-coins out there? Does anyone care?

It's a binary bet folks. If BTC is to survive it's true value is probably worth more than a dollar or two. If not, it's true value is zero. Satoshi never factored in fear or greed into the methodology behind his white paper. Crypto evangelists and anarchists will preach freedom from "the man" whilst buying fancy houses and plugging themselves further into the capitalist system. Meanwhile, crypto vol makes it a helluva exciting market to trade. Best way to trade crypto is via CFD's. That way there's no fees transferring in and out of fiat. Plus you never have to worry about your crypto being hacked, because let's face it.... There are 2 types of crypto exchanges, those that have been hacked, and those that will be hacked soon. And the spread is way smaller than you get on SA exchanges like luno and ICE3X.

BTC should be coming into some price support around the $5,500 level. Expect some nice vol as the market bounces around for a while still. Ultimately some deep out of the money puts or calls should prove useful in a year or two.  This is one market you want to be trading with positive gamma. Good luck out there.
Title: Re: Bitcoins
Post by: devan on April 04, 2018, 09:07:29 am
don't expect any upward movement in BTC for some time, as the mt gox executors look to still sell around $1bn worth of crypto ... only after that has been cleared do I see BTC bouncing back .. so maybe later this year or early next year
Title: Re: Bitcoins
Post by: Bevan on April 12, 2018, 10:10:06 am
Crypto has rallied / moved sideways over the last few weeks. Could possibly have a little more upside momentum left in it over next few days. However, the problem is now that momentum is becoming overbought. A classic bear flag is forming and there should be a downside breakout as momentum looks to start heading back down again. Bears are likely to be targeting the $3,700 level, wiping out all longs who bought in after Aug-2017.

Fundamentally this will clear out many that are still "infected" as Barclays has called them. They will then become immune and not touch the stuff again. BTC and ETH will lose significant credibility once more. Then again, even Soros and other funds are looking to play in the crypto space. But I promise you they will not be long only. They will love trading the optionality.
Title: Re: Bitcoins
Post by: PlatinumWealth.co.za on May 28, 2018, 08:30:06 am
#WhenMoon
Title: Re: Bitcoins
Post by: jaDEB on June 11, 2018, 04:06:19 pm
BTC/ZAR 94,965
ETH/ZAR 7,200
LTC/ZAR 1,401
Title: Re: Bitcoins
Post by: Bevan on August 24, 2018, 08:30:46 pm
BTC has had a nice little rally since Aug 10th. Now momentum looking a little overbought and classic bear flag forming once more. After the weekend traders have tried to prop it up I expect some more heavy selling to kick in next week. Could be a significant clear out this time as new lows for 2018 will likely be hit. All those holding on for their Lambos are likely to finally be stopping out. The faith is weakening amongst even the most die-hard crypto enthusiasts out there. What a lovely market to trade on sentiment and momentum though....
Title: Re: Bitcoins
Post by: Orca on August 24, 2018, 10:06:57 pm
Unfortunately there is no sentiment or momentum. Sorry. there is momentum but it is downward. A bubble that is crashing as we speak. Dotcom repeat.Go long on ZAR rather.
Title: Re: Bitcoins
Post by: Bevan on August 26, 2018, 08:14:56 am
Of course there is sentiment and momentum. Almost all markets have their own, driven by news stories on the one hand and given by MACD on the other. MACD by its nature periodically gives you positive and negative momentum, and the peaks and troughs are good indicators of the extent. Current sentiment around crypto is mostly bearish as regulators refuse to entertain crypto ETF's. What's really interesting is how much less convincing each crypto rally is nowadays. This has been a fascinating study of mass global Homo Sapiens greed in what has been the biggest speculative bubble to date. And yet something useful will still likely come out of it in terms of a few killer Blockchain apps, that will probably become household names in a few years time.
Title: Re: Bitcoins
Post by: jaDEB on August 27, 2018, 08:13:43 am
BTC/ZAR 98,000
ETH/ZAR 4,150
LTC/ZAR 830