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The Bitcoin thread
(08-02-2017, 04:59 PM)BitcoinZAR Wrote: Price is going mental....volatility means good profits. I managed to sell some bitcoin @45k on ice3x and buy back @36k on luno doing arbitrage.

Wow that's crazy, well done!

Bitcoin is rocketing!
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(08-02-2017, 04:59 PM)BitcoinZAR Wrote: Price is going mental....volatility means good profits. I managed to sell some bitcoin @45k on ice3x and buy back @36k on luno doing arbitrage.


Did you have to pay any transfer fees to send from wallet to wallet or did you find a way around this ( I.e. Send it to an email address) ?

Bitcoin hitting R58k

Hodl!
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The whole crypto currency concept is still very new to me and I'm a bit unsure/skeptical due to my lack of experience.

One question: Using a platform/product like Luno, can one simply buy and sell Bitcoin for speculative gain? So, following the traditional share investing model, can the same be done with Bitcoin, or, should you spend it at some point, as it is a currency?

@ThinusM86,

Bitcoin can be used as a currency or traded or hold for investment.

It's like gold in that you can both buy it for investment or trade it, but with the added benefit that you can buy stuff with it off takealot and the likes. OR you can transfer it back to ZAR.

I am also very new to this, only caught wind of Bitcoin in 2016, but one thing I am certain about is that this is the future.

Wondering if we need a Bitcoin cash thread?

Where is @BitcoinZar?

(08-19-2017, 02:26 PM)JamesYellen Wrote: Wondering if we need a Bitcoin cash thread?

Where is @BitcoinZar?

Sorry, its hard to check in regularly as I am traveling in S.E. Asia and internet is not always the best.

Maybe it should just be under other cryptocurrencies...
BitcoinZAR - Bitcoin South Africa community

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Learn about bitcoin at https://www.bitcoinzar.co.za
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Hello!!!!!

We missed you.

How is asia? Been to any farms yet? Pictures?
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(08-19-2017, 07:16 PM)Spreadsheet Ranger Wrote: Hello!!!!!

We missed you.

How is asia? Been to any farms yet? Pictures?

Asia is hot! Not been to any farms no, not on my agenda.
Last year I was here too, and was amazed at how much bigger bitcoin is here. It is much easier to pay for things in bitcoin as there are more places that accept it. You can also buy it easier, and there are some money exchange places that accept it too, along with western union, moneygram etc.

Last year I spent 8 months traveling in Vietnam, Indonesia, Cambodia, Malaysia, Thailand, and Laos. This trip I have been back to Malaysia and Indonesia, and am currently in Thailand.

So far Indonesia is the biggest acceptance of bitcoin in terms of being able to use it in a restaurant in Bali, or just to pop in to the guys at the bitcoin Indonesia exchange and do an over the counter trade to convert bitcoin to IDR money. It takes a couple of minutes and is much cheaper than bringing dollars to convert at a money changer, or withdrawing cash at an ATM.

I have bitcoin friends all over SE Asia who are also keen to do trades, so it is easy to get around using bitcoin for me. I have also been dropping off some Ledger Nano S wallets and Trezors for people who ordered from me a while back, which has all been paying for the trip Smile

bitcoin is much bigger here....my bitcoin sticker on my luggage and my bitcoin shirt starts a lot of conversations with people. They also have more bitcoin meetings and meetups. I went to some in Malaysia, and in Indonesia, where they have one every week in Bali.

Lots of travelers I have met are using bitcoin instead of traveling with lots of money...they have friends or family that send them bitcoin, and they cash it out this side. Also there are some bitcoin ATMs which are easy to use too, and I can easily top up my mobile data, airtime etc using bitcoin on a variety of websites.

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BitcoinZAR - Bitcoin South Africa community

[Image: 1lhxytq.png]
Learn about bitcoin at https://www.bitcoinzar.co.za
Join us on Facebook at https://www.facebook.com/bitcoinzar
Follow us on twitter on https://twitter.com/bitcoinzar

Incredible!

Amazing man.

Big Grin 
(08-20-2017, 06:16 AM)BitcoinZAR Wrote: Asia is hot! Not been to any farms no, not on my agenda.
Last year I was here too, and was amazed at how much bigger bitcoin is here. It is much easier to pay for things in bitcoin as there are more places that accept it. You can also buy it easier, and there are some money exchange places that accept it too, along with western union, moneygram etc.

Last year I spent 8 months traveling in Vietnam, Indonesia, Cambodia, Malaysia, Thailand, and Laos. This trip I have been back to Malaysia and Indonesia, and am currently in Thailand.

So far Indonesia is the biggest acceptance of bitcoin in terms of being able to use it in a restaurant in Bali, or just to pop in to the guys at the bitcoin Indonesia exchange and do an over the counter trade to convert bitcoin to IDR money. It takes a couple of minutes and is much cheaper than bringing dollars to convert at a money changer, or withdrawing cash at an ATM.

I have bitcoin friends all over SE Asia who are also keen to do trades, so it is easy to get around using bitcoin for me. I have also been dropping off some Ledger Nano S wallets and Trezors for people who ordered from me a while back, which has all been paying for the trip Smile

bitcoin is much bigger here....my bitcoin sticker on my luggage and my bitcoin shirt starts a lot of conversations with people. They also have more bitcoin meetings and meetups. I went to some in Malaysia, and in Indonesia, where they have one every week in Bali.

Lots of travelers I have met are using bitcoin instead of traveling with lots of money...they have friends or family that send them bitcoin, and they cash it out this side. Also there are some bitcoin ATMs which are easy to use too, and I can easily top up my mobile data, airtime etc using bitcoin on a variety of websites.
"Last year I spent 8 months traveling in Vietnam, Indonesia, Cambodia, Malaysia, Thailand, and Laos."

Very nice! Clearly I'm in the wrong profession... Smile

Keep an eye on the divergence between Bitcoin's network value and the daily number of transactions. Last major separation was late 2013.

I reckon the crash will probably happen in next month. Thoughts?

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I'm a noob around here so please excuse my ignorance.

Are you refering to a crash in the total transactions or the network value?

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