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Good to be back! Finally managed to log in again, was having trouble for ages.
 

On 11/15/2018 at 3:50 PM, JamesYellen said:

Hey @BitcoinZAR do you think this is the dip towards the low $4000s people have been calling for earlier this year?

 

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.

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On 5/14/2019 at 10:09 AM, Spreadsheet Ranger said:

@BitcoinZAR what do you make of the recent price jump? 

 

I can't imagine the bottom to be in yet.

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.


BitcoinZAR - Bitcoin South Africa community1lhxytq.pngLearn about bitcoin at https://www.bitcoinzar.co.zaJoin us on Facebook at https://www.facebook.com/bitcoinzarFollow us on twitter on https://twitter.com/bitcoinzar

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21 hours ago, JamesYellen said:

This whole article is crazy. Craig Wright and Calvin Ayre are orchestrating an attack on Bitcoin in front of our eyes.

EVERYONE should read this and digest what is happening.


https://www.bloomberg.com/news/articles/2019-05-21/bitcoin-s-supposed-inventor-says-he-won-copyright-registration 

I cant view it because its behind a paywall that I wont pay...but ja, I dont trust those guys one bit

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BitcoinZAR - Bitcoin South Africa community1lhxytq.pngLearn about bitcoin at https://www.bitcoinzar.co.zaJoin us on Facebook at https://www.facebook.com/bitcoinzarFollow us on twitter on https://twitter.com/bitcoinzar

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