× Fact! Joining this forum will make you a happier person! - Register for FREE


The Bitcoin thread
#61
Photo 
JSE Finance Forum Attachment - Filename: takealot.JPG     

not listed

#62
(05-02-2017, 04:39 PM)MrDividend Wrote:  

not listed

Which site is this from ?

#63
(05-02-2017, 04:39 PM)MrDividend Wrote:  

not listed

(05-03-2017, 06:09 AM)Miss Behavin Wrote: Which site is this from ?

It appears that takealot has now switched to using I-pay instead assuming payfast's fees where too high. 

https://www.payfast.co.za/2015/06/05/10-...th-africa/
Register on Platinum Wealth (My referral link)

#64
Sorry for being a bit blonde but, where does Pay Fast fit in ?

This girls has Bitcoins and wants 2 shop ;-)

#65
(05-03-2017, 01:31 PM)Miss Behavin Wrote: Sorry for being a bit blonde but, where does Pay Fast fit in ?

This girls has Bitcoins and wants 2 shop  ;-)

Pay Fast is a South African Payment Gateway - They enable merchants like Takealot to accept Mastercard/VISA as well as Bitcoin, so technically you should be able to buy with bitcoin from any store that uses PayFast.

Assuming this is up to date: https://www.payfast.co.za/online-merchan...e-payfast/

#66
How high will bitcoin go? Will it breach R30k mark? It has proved it with R10K & R20K.

Sent from my A1013R using Tapatalk
Blush Blush Proud Feminist and Oh I forgot Mama's Boy

#67
(05-03-2017, 09:40 PM)pratlou Wrote: How high will bitcoin go? Will it breach R30k mark? It has proved it with R10K & R20K.

Sent from my A1013R using Tapatalk

Here's an info graphic (price projection/guess at the bottom.)

JSE Finance Forum Attachment - Filename: Infographic_ZA_FINAL_1200.jpg   
Register on Platinum Wealth (My referral link)

#68
(05-02-2017, 02:14 PM)Miss Behavin Wrote: I already own some Bitcoins and love trading them. Its fine to talk about peer 2 peer and those goods things, but what I still cannot get my mind around is what can I buy with Bitcoins. They are not accepted widely as a payment mechanism for "stuff" (read goods and services) on sites like Takealot.com  etc. ?

Finding places that will take bitcoin for payment is still quite rare offline in S.A., but there are some places that do. Online I think all of payfast's customers (over 30k) have the option to accept bitcoin for payment, and get Rand into their bank account. So payfast customers never see the bitcoin, they just get the Rand as usual in their bank.

If you are iching to spend your bitcoin, you could also get yourself a bitcoin debit card, which works like a normal VISA debit card in all stores that accept VISA, except that you fund it with your bitcoin. The merchant never sees the bitcoin, they take the payment and get Rand as usual and never know the difference. You on the other hand get to spend your bitcoin anywhere VISA / Mastercard is accepted in the real world, or even online.

I used mine extensively while traveling overseas when Standard Bank decided to cut off my credit card while I was abroad. Being 12 hours ahead, and having to call S.A. to fix the problem was a no-go because, well, you know what its like trying to phone a bank. My bitcoin debit card on the other hand worked like a charm, and saved the day.

Do you accept bitcoin for payment? We have a small business directory of people who accept bitcoin directly, so that is not via PayFast. If you will accept bitcoin for payment, then you can get a free listing for your business here: https://www.bitcoinzar.co.za/south-afric...directory/
Any businesses that accept bitcoin directly are welcome to get a free listing. Email [email protected] for details if you are keen.
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

#69
(05-03-2017, 09:40 PM)pratlou Wrote: How high will bitcoin go? Will it breach R30k mark? It has proved it with R10K & R20K.

Sent from my A1013R using Tapatalk

I believe it will, and surpass it....when that will be, nobody knows. It might be this year, or in 5 years, but I think that the rate of new users increasing in bitcoin is a huge factor.
There is an increase in financial uncertainty, and people are looking for ways to move and store money, out of the banks. This is a problem bitcoin solves. You can actually watch the price of bitcoin locally spike on bitcoin exchanges when big announcements are made about the Rand. As the Rand starts dropping, bitcoin surges.
This is also happening world wide, especially in places like India, Venezuela, Brazil, China to name a few.

Combine that demand growth, which has grown dramatically, and will continue to grow, with the daily production of bitcoin that is cut in half, every 4 years, and things get interesting. Today only 12.5 bitcoins are made every 10 minutes, and in 3 years time that will be cut to 6.25 every 10min.

There has been a huge increase in value since the last 'halving' in 2016 from 25 bitcoins every 10min to 12.5.

Just to recap those who dont know. There will never be more than 21 000 000 bitcoin, ever.
As of right now, there are already 16,308,725
Every day 1,728 are created (12.5 every 10min), until the next halving, when that is cut in half.
Current inflation rate is 3.94%, after the next halving, it will be 1.73%.

So, my guess is that unless something happens and bitcoin fails, the price will far surpass 30k ZAR
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

#70
(05-02-2017, 02:14 PM)Miss Behavin Wrote: I already own some Bitcoins and love trading them. Its fine to talk about peer 2 peer and those goods things, but what I still cannot get my mind around is what can I buy with Bitcoins. They are not accepted widely as a payment mechanism for "stuff" (read goods and services) on sites like Takealot.com  etc. ?

I did a google search of where you can spend you bitcoins:

http://bitcoinhub.co.za/sites-that-accep...th-africa/
https://www.payfast.co.za/2015/06/05/10-...th-africa/
https://www.luno.com/blog/en/post/south-...th-bitcoin

Please note that some of the articles area bit old, and caution must be used whentrading with unknown websites. Smile


#71
Is Luno good for "day trading" bitcoin? Is this what is was designed for or more just a wallet? Where would the best place be to start experimenting?

#72
(05-04-2017, 12:17 PM)Brendan Wrote: Is Luno good for "day trading" bitcoin? Is this what is was designed for or more just a wallet? Where would the best place be to start experimenting?

Luno is good for trading. The wallet is good, but...in general its not good to store you bitcoin in a bitcoin exchange. The wallet they provide links to your account in the exchange, and you dont get the private keys, so while it is pretty secure...I personally store my bitcoin off their exchange and wallet.
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

#73
Ouch, almost all of the past days gains wiped out in about 30 min. :-0. Down $110 in the last hour, but see that it is gaining some back again as I type this.

#74
(05-04-2017, 09:52 PM)Beamer Wrote: Ouch, almost all of the past days gains wiped out in about 30 min. :-0. Down $110 in the last hour, but see that it is gaining some back again as I type this.

it is a fast moving market, risky business...this is why it is advisable to buy small amounts regularly, over a long period of time, instead of going 'all in' with one high volume trade.
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

#75
Just a question, if you can use Luno to trade, why does the charts only show up to 30 minutes? and it seems very basic too. Does one use a site such as Tradingview in conjunction with Luno?






Users browsing this thread: 1 Guest(s)

Color Skins

Change Color:

Background Patterns:

Background Images:

Main Options: