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BitcoinZAR

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Everything posted by BitcoinZAR

  1. Its an exchange in S.A., there are a bunch of different ones. I dont personally use it, I mainly use ice3, luno and binance locally
  2. Been a long time since posting here....the 3rd bitcoin halving happened on May 11, 2020, decreasing the amount of bitcoin mined every block by half, down to 6.25BTC per block now. At first, like before and as expected, not much changed price wise, but after a sluggish start, it looks like the next cycle of the bitcoin bull run has begun after the halving trigger. So I reckon we are still on track for a huge increase in price over the next year....hold on to your hair! Sitting at around 70% increase in USD value in the last 6months so far, things are just
  3. Its been just over a month or so....so far so good
  4. I have a lot of altcoins.....I have been using them to get more bitcoin. I got started on altcoins when bitcoin cash forked away from bitcoin, and I dumped those free tokens immediately and used the free bitcoin to play with altcoins. So I have not really spent any money on my altcoins, yet I have built up a lot over time. Often if an altcoin goes up significantly, i'll sell some of it to take profit, then use that profit to get into another altcoin I have been looking at. Eg: I got into LINK at around $1.80 in December, and dumped almost all of what I had at $8.60 just over a week ago. T
  5. I hope everyone has been stocking up on little bits of bitcoin over the last few months....I keep adding to my stash. The vibe I am getting is that the price might make some big moves soon....there has been a lot of interest in some of the new DeFi altcoins, and many of those and bitcoin have been going up in value.... I have a large bag of altcoins too, because many of them are a lot more volatile than bitcoin. They go up faster, and also go down faster...but if you are lucky and play your cards right, you can make some good returns, which means I get to add more to my bitcoin stash for t
  6. Today is now +- 65 days before the 3rd bitcoin halving. The price has still been ranging mostly between $6k and $10k for most of 2019 as anticipated. Check out info on the halving ETA here: https://www.thehalvening.com/ Today the bitcoin price is $9118 When this thread was started in March 2019, the price was around $4000 so if you discount the volatility and sold now....that would be just over 100% gain in value since last year. There has of course been a couple of times when the price was much higher, and also lower. The bitcoin hashrate is con
  7. Bitcoin also seems to exhibit the characteristics of a veblen good at times. As the price increases, the demand increases along with it, its probably got a lot to do with FOMO by people who want to make money fast. If you have bitcoin, and are interested in profiting off the hype cycle, make sure to have your stop-loss orders set so that you can ride the price up, but sell the moment the momentum changes and the price drops.
  8. I wrote a new post about the 2020 halving this year for those who are interested. It explains more about the event. If you are interested in knowing more about it, you can read more here: https://www.bitcoinzar.co.za/2020-bitcoin-halving/
  9. The year is ending and the bitcoin halving is still approaching. Like previous halving event, the price did indeed start to show an improvement, and it has continued to range mostly between 6-10k for most of the year which is what I was expecting. With the halving event getting closer, I would expect some people to start front running the price up to the event, but the real 'chaos' and volatility to probably come in the months following. It all depends on how many people will try to use their knowledge of the halving as an advantage, to buy ahead of time. Today the price is ab
  10. Anyone in Cape Town or Jozi and fancy a beer and casual chat bout bitcoin? A couple of us are going to be at Tigers milk Century City, see the event here: Some people in JHB want to meetup too, so the next day there will be one at Hard Rock Cafe, Sandton, see the event here: Both events are totally casual as usual. We keep it old school like it used to be before corporates got involved.
  11. I have been playing around with this Kriptolink point of sale device, that kind of doubles as a bitcoin ATM. Its pretty cool, and a nice way to be able to get customers to pay you in bitcoin. You can use it to take payments, and also let customers use it to buy and sell bitcoin. I have been away, so didnt get a change to set it up until today, and so far I am liking it. I dont need a point of sale device, but I liked the idea of a portable bitcoin ATM. I have connected it to the API of my account on the ice3x.com exchange. A potential customer can choose to buy or sell bitcoin with
  12. Bitcoin signals groups are a waste of time I think. If anyone actually could predict with certainty what the price would do short term, they would sure as hell not tell everyone else and destroy their advantage and reduce their own profit. They would shut the hell up, and make $$$. These signals groups cannot predict events that move the market violently one way or the other, same with TA and charts. No charts or TA / signals group is going to predict the next China ban, exchange hack, or ETF being approved news that moves the market. The only thing anyone can do, is look at the past, and co
  13. There has been some great arbitrage opportunities with all the volatility recently. I have done a few good trades between ice3x and luno to increase my bitcoin trading stash.
  14. Just checking in....the price today is $10300 odd...I still expect it to range sideways then go upwards as the halving gets closer, with the real price increases coming later in next year if history repeats itself. I think bitcoin is going to be an amazing hedge against the Rand in the coming months as it goes up in value. I will probably only check in here again at the end of the year, I am traveling again for a few months in South America, but will check in if the price starts mooning
  15. Update: Posting here since the price passed $10k today (22 June 2019) that is over 180% in the last 6 months. Of course the price could still go down....I still feel the price will range between $6k and $10k for the rest of the year....but now that $10 is breached, maybe I can raise the upper limit to $12k. The bigger picture is the long term price after the next halving event in May 2020. ETA is 21 May 2020, which is 334 days away. A lot can happen in that time, but I still feel it will be an upward trajectory. The months following the halving will be when th
  16. I reckon if you want to diversify, rather have bitcoin, property, investments etc.. To me, diversifying into other cryptocurrencies is like diversifying your gold holdings by trading some of it for copper, tin, platinum etc. Yes the price of the others can go up, but they in a completely different league to bitcoin. Most of these other coins have massive supply, no real demand to match that massive supply in order to push up the price. Most of the altcoins go up in USD value because bitcoin goes up, and the also down when bitcoin goes down. They are pegged to the bitcoin price, since yo
  17. Bitcoin has made strong returns....litecoin has done better (upcoming halving for litecoin soon.....), and ethereum has done bad. They all went up in USD value, but because they are pinned to bitcoin price, you need to look at the BTC price, not USD price. 1 year change to BTC they are all down, with LTC being the closest to outperforming bitcoin Look at the top 5 performance to BTC...
  18. It has been just over a month since this thread started. It seems that the price has started to go up and is approx 46% up over the last 30 days. Today (01 June 2019) the price is around $8500 You can see over the last month the trend is up, but there has been some big jumps and drops in price along the way. Anything can happen in bitcoinland, it might still tank horribly short term, but I still think mostly sideways to upwards for the rest of the year overall, possibly increasing in volatility closer to the halving
  19. I cant view it because its behind a paywall that I wont pay...but ja, I dont trust those guys one bit
  20. Some interesting stats and information. A closer look at the way the bitcoin price is following the stock to flow model A chart showing the bitcoin halving time periods and how the price has reacted in the past Historical Bitcoin Prices in USD if you went back from today. Basically from todays price, if you have been in bitcoin for longer than 1 year, you are probably in profit. 2 years or longer, and the % profit starts to go up quite a bit:
  21. I think we might have seen the bottom already ($3122?), and expect the price to range sideways for a while longer, moving over to a bull market. I guess maybe between about $6k and $10k for a few more months. I just keep adding to my stash.....I am permanently bullish at these price levels anyway. If the price goes down, I buy more, if it goes up, I just get less for the same money.
  22. There is a hype cycle because the supply gets cut in half, and people who trade know this and make money off the fact that the supply will be decreasing. Think about it....You know for a fact that in 4 years time there will be 50% less bitcoin being mined each year, and then 4 years later, again 50% less, going on and on forever. Even if there is no more demand than there is today, when you cut the supply in half, but keep the same demand, the price should surely go up a lot. People who trade bitcoin know this, and they start buying up bitcoin in advance, with the purpose of selling it later
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