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BitcoinZAR

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BitcoinZAR last won the day on April 16

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About BitcoinZAR

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  1. I have ordered single units as replacements which came without having to pay extra duties. Buying bulk means you definitely have to pay the duties, and also the fee to the courier company to 'process' your order and delivery. I am out of stock of Ledger Nano S devices and most likely not ordering bulk again, unless I can make it worth while. Bulk orders are not priority to them, so they sometimes take months to arrive, while the price of bitcoin changes drastically during that time period, which means your profit can disappear completely. For the end user, its faster and cheaper to just order directly from Ledger now, especially since they added free shipping for small orders to South Africa, and you might not need to pay duties. Bulk orders you still need to pay for shipping, so that is additional cost for resellers too. The time, expenses, and possibility of losing money means its just better to refer customers to them directly.
  2. Right now its cheaper to just buy direct from Ledger than from any retailer in South Africa because you get free shipping.
  3. An interesting post that predicts a bitcoin price of $55,000 after the 2020 halving: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  4. Locally I prefer to use luno and iceCUBED. Internationally I use Bittrex, Binance, Bitstamp, Cex.io, Kucoin among a bunch of others I am registered on
  5. Today marks 422 days approximately until the next bitcoin 'halving', where the amount of bitcoin that is able to be mined every day is cut in half forever. The approximate date will be 24 May 2020. After previous bitcoin booms and busts in the hype cycle the uptick in the price has started to show improvement around 500 days before the halving. We are past that point, so I am hoping that there will start to be a slow steady increase in price again like there has been before. Lets see if history will repeat itself once again. The Bitcoin block mining reward halves every 210,000 blocks, and this time the coin reward will decrease from 12.5 to 6.25 coins approximately every 10min in May 2020. Usually there are guys who anticipate the increased demand and the price increase that responds to the demand, who buy in advance so that they can sell when the real frenzy starts at a great profit. I would bet that if things go like they have gone in the past, people will buy up bitcoin leading up to the halving, and might even dump a bunch before the actual date, before other guys get a chance to do the same thing. Lets see how it all plays out... EDIT:
  6. Just thought I would put this out there....I have a Telegram chat channel where we talk about bitcoin mostly, as well as other cryptocurrencies. If you want to ask a specific question, or would like to just chat casually about bitcoin / crypto with other people in South Africa, check it out. The channel is informal, and it is not a trading signals channel or anything really technical. Its mainly for casual chat about crypto. If you are on telegram, come and visit! https://t.me/bitcoinzarchat
  7. Good to be back! Finally managed to log in again, was having trouble for ages. When you rise fast, you drop fast too...who knows how low it will go, possibly even as low as $1000....all I know is that in time it will go back up again, and we will have new highs. My guess is that the next bear market will be when the price dumps down to the $20k mark. The next halving is getting closer, and I would expect that the price will range for a while longer before starting to pickup again running up to the halving event. Personally I just hold my main stash and dont bother trying to play the market much. The reason being that for me to cash in my main holdings on the way down, it would mean moving them to an exchange and selling, which opens up a can of worms. I expose myself in terms of how much bitcoin I have on that address and other addresses that have transacted with that address. Secondly, that can be seen as a taxable event, if I am 'cashing out', which I dont want to do right now, and thirdly, if I did cash out my main stash then I would now be sitting with a ton of cash on an exchange which I dont trust all that much. If I have to wait months to buy back in, I will be constantly worried that I have a lot of money on the exchange that is at risk. I prefer to keep my funds locked down as bitcoin, secured on my hardware wallet offline, where nobody knows that its mine. I am a reckless, but patient, and i'll wait it out a few more years before worrying about changing it back into government money. By that time, maybe I wont need to...who knows. I am still buying bitcoin....I do every month because its my long term savings plan. Now with the lower price, I just get a ton more than I was when it was closer to $20k. Win win in the long term.
  8. Hows everyone still doing with their bitcoin? Holding? Trading? Buying more? Out of the market? I have been trading a lot with my trading stash, growing the bitcoin in the accounts. I have buy and sell orders set and also stop limit orders set at certain prices. On good days both the buy and sell orders have been hit with all the volatility
  9. This looks very much like a scam. "Platincoin" is not listed on any exchanges...you buy directly from the people issuing the 'coin'...and they guarantee you 10% interest. How they guarantee that is unknown, but since they are issuing the 'coin' themselves, it is assumed they will simply give you 10% more of the same token that you are holding, so by inflation. Give you more while the value drops by 10%. I cant really work it out since they have very little information about anything technical. At first glance I would just run away. All the information on their website is not verifiable in any way, as they are not on any exchanges where people are trading, so everything could just be made up.
  10. This video from a bitcoin meetup in Munich is really good, and answers a lot of questions people have about bitcoin. It is a long video, but you dont need to watch it, you can listen to the guys talking, so can play it in the background. The second guy is the main speaker, but the first guys talk is interesting too https://youtu.be/Ogo48C5fXjk
  11. The exchanges I use regularly are: luno.com, ice3x.com, bittrex.com, bitstamp.net, cex.io, binance.com, kucoin.com and cryptopia.co.nz
  12. The guy who created litecoin, Charlie Lee, has publicly warned people that this could be a scam. Beware. https://twitter.com/SatoshiLite/status/960197866546282496
  13. From what I have read so far on dimcoin, it looks like a bad investment to me, so I personally would not touch it. I dont see the potential for this coin, and the website, video or reddit groups etc dont really give much or enough information to satisfy me. I tihnk there are better looking alt coins that are cheap and with more potential to be used and grow in value. Dimcoin looks like it started at aroudn $0.25c and is now about $0.005c each, so does not have a good track record so far, or for some reason the amount of coins being sold has far outpaced any demand for them.
  14. I think I'll wait a couple more years to get some property....see how this all plays out.
  15. Cant take my land, coz I dont have any land. Would like to know though, if you do have land, and a bond at the bank, do they take that over when they take your land? If someone is going to take your land, do you keep paying the bond? Maybe my questions sound a bit dumb, but I have never had land or a bond.
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