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Author Topic: Bitcoins  (Read 93436 times)

jaDEB

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Re: Bitcoins
« Reply #60 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.  :(
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jaDEB

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Hamster

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Re: Bitcoins
« Reply #61 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.
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Moneypenny

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Re: Bitcoins
« Reply #62 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/
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jaDEB

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Re: Bitcoins
« Reply #63 on: January 22, 2018, 08:14:47 am »
Bitcoin • R 159,001
Ethereum • R 14,499

 :wall:
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jaDEB

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gcr

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Re: Bitcoins
« Reply #64 on: January 22, 2018, 09:39:46 am »
Read the piece in Business Day around bitcoins then you can really weep
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jaDEB

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Re: Bitcoins
« Reply #65 on: January 22, 2018, 10:27:48 am »
Are you refereeing to "Is this bitcoin’s crash-and-burn moment?" or other one ?
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jaDEB

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gcr

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Re: Bitcoins
« Reply #66 on: January 22, 2018, 12:34:17 pm »
Quote from: jaDEB on January 22, 2018, 10:27:48 am
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
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Hamster

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Re: Bitcoins
« Reply #67 on: January 22, 2018, 12:40:12 pm »
Quote from: gcr on January 22, 2018, 12:34:17 pm
Quote from: jaDEB on January 22, 2018, 10:27:48 am
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/
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Hamster

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Re: Bitcoins
« Reply #68 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.
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jaDEB

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Re: Bitcoins
« Reply #69 on: January 22, 2018, 12:58:47 pm »
Thanks for input, it is appreciated, Hamster and gcr.
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jaDEB

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Hamster

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Re: Bitcoins
« Reply #70 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."

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gcr

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Re: Bitcoins
« Reply #71 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
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

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Re: Bitcoins
« Reply #72 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 :)
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jaDEB

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Re: Bitcoins
« Reply #73 on: January 23, 2018, 05:02:33 pm »
BTC/ZAR 137,302

ETH/ZAR  12,510
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jaDEB

If it scares you, it's a sign you need to do it

jaDEB

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Re: Bitcoins
« Reply #74 on: February 01, 2018, 03:25:08 pm »
BTC/ZAR 113,993

ETH/ZAR  13,618

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jaDEB

If it scares you, it's a sign you need to do it
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