Results 1 to 9 of 9

Thread: Come In, let's have fun studying Bitcoin and other crypto-currencies

  1. #1
    New Member
    Join Date
    Jul 2017
    Location
    Jozi
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Come In, let's have fun studying Bitcoin and other crypto-currencies

    What do you know about bitcoins?
    Do you know Satoshi Nakamoto?
    Ever heard about Ethereum?
    Ever owned a bitcoin?

    Let's get talking. And I'm also on hand to answer questions on crypto-currencies to the best of my abilities.

  2. #2
    Moderator IanF's Avatar
    Join Date
    Dec 2007
    Location
    Jhb
    Posts
    2,651
    Thanks
    195
    Thanked 525 Times in 401 Posts
    OK
    My thoughts are the BTC price rose to quickly.
    Click image for larger version. 

Name:	bitcoin.jpg 
Views:	291 
Size:	39.1 KB 
ID:	6813
    How far do you think this new down trend will last.
    Only stress when you can change the outcome!

  3. #3
    Silver Member
    Join Date
    Aug 2014
    Location
    Johannesburg
    Posts
    314
    Thanks
    26
    Thanked 19 Times in 17 Posts
    Bitcoin enthusiast here.

    If you had a time machine:

    - If you purchased $100 of Bitcoin in 2010 you would be worth $75 000 000 now
    - You couldve mined those bitcoins for free on your laptop (or at least for the cost of the electricity to power your laptop)
    - A guy on a Bitcoin forum once spent 20 000 Bitcoins on a pizza as a joke - approx $45 000 000 in today's terms, thats an expensive Pizza

  4. #4
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    21,712
    Thanks
    3,147
    Thanked 2,532 Times in 2,133 Posts
    Blog Entries
    12
    Ian, the bubble risk seems even more pronounced with Ethereum -

    Click image for larger version. 

Name:	ethereum-price.jpg 
Views:	91 
Size:	18.8 KB 
ID:	6814
    The trouble with opportunity is it normally comes dressed up as work.

    Alcocks Electrical Services | Alcocks Pest Control & Entomological Services

  5. #5
    Moderator IanF's Avatar
    Join Date
    Dec 2007
    Location
    Jhb
    Posts
    2,651
    Thanks
    195
    Thanked 525 Times in 401 Posts
    Dave I have only bought a bit of BTC and not looked at ETH. But it could be an exciting to market to hone your trading skills

    What worries me is the ledger just grows constantly with no "year end" and starting a new ledger with opening balances. Will this make BTC and ETH too unwieldy a few years down the line.
    My understanding is the ledger records records the transactions and balances are computed.
    Only stress when you can change the outcome!

  6. #6
    New Member
    Join Date
    Jul 2017
    Location
    Jozi
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I do not think it will be a perpetual downtrend, I believe it'll swing within a bollinger band for a period even though I haven't really done a TA on BTC in particular. I however did a TA on Ethereum about two days ago and wrote a blog post on it for a friend's site which he did not post quickly enough as such I've asked him to hold on so I revise the figures because even though my projections were somewhat right, posting the article late might seem like I was only posting an article after the market had behaved in a certain way which will just be capricious.

    In the article, I projected that the blood bath of ETH would see it testing a $178 support before a strong bounce however I could not tell how strong the bounce would be or how long it'll last for. And true to this ETH practically touched $180, $2 dollars shy of my $178 support prediction and experienced a strong bounce and is now in the $230 region. However I do no think this bullish movement would be perpetual. I expect a downward trend by the weekend. But I see ETH testing an resistance of $500 in a couple of months, latest by December.
    For BTC, the signs are good. I believe there'll be a significant dip before and by 1st August but if the Segwit and bip418 blockchain debacle is successfully navigated, BTC will go past $4000 before the close of the year. Kindly note however that my projection for BTC is largely based on intuition and not on any TA done. I might make time to do a TA on BTC in a few days; I'm not motivated though because currently all my digital assets are ETH based and in other altcoins utilising the Ethereum block chain.

  7. #7
    Silver Member PlatinumWealth.co.za's Avatar
    Join Date
    Sep 2016
    Location
    Cape Town
    Posts
    276
    Thanks
    6
    Thanked 19 Times in 18 Posts
    $50 000 by 2019

    Sent from my SM-G920F using Tapatalk
    The JSE Investment and Finance Forum - PlatinumWealth.co.za
    JSE Investing Chat Group
    Unlock US Netflix

  8. #8
    New Member
    Join Date
    Mar 2019
    Location
    Cape Town
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Traders are estimating $11,000 by 4th Quarter in 2019

  9. #9
    Junior Member 2Conn's Avatar
    Join Date
    Dec 2018
    Location
    Visby, Sweden
    Posts
    17
    Thanks
    1
    Thanked 2 Times in 1 Post
    I know not much but I want to tell you that I am really sorry for not buying BTC in something like 2012-2013 and so on really. I simply do not believed in it in that time like many many other peoples. And now it's something like $8000 to be correct.

Similar Threads

  1. Bitcoin, FICA, SA Regs
    By flin in forum General Regulatory Compliance Forum
    Replies: 2
    Last Post: 23-Sep-17, 01:26 PM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •