Jurgens Smit Posted September 28, 2017 Share Aah okay, so if I understand correctly then, once you have a Bitcoin (whatever a bitcoin is) you can / have to trade (sell) this Bitcoin for real dollars? (ie) That is Dollars that I can take to McDonald's and buy a burger and shake or put gas in my car etc? ... Correct https://www.luno.com/blog/en/post/how-bitcoin-price-determined Certain things make the value take a knock (ex china blocking all CC trade made bitcoin fall from $5500 to $3100) but because it is anonymous, and unregulated (or anonymously regulated) it gains traction again easily. Current btc value is 4136 USD I am also interested but dont know enough...i saw that PNP is going to start accepting bitcoin as payment options at tills: Was only a trial, they won't be implementing it in the near future. AFAIK Takealot does accept though. The main challenge is regulating it, as no one owns the currency, like the SARB owns the ZAR. Problem is with most people ethics and morals regarding this. Because it cannot be tracked at all almost all online dark web transactions are done in CC. For a lot of people they see this as indirectly you are supporting whatever crimes are being committed there. This is also one of the biggest reasons the Governments want to crack down on this, bc no longer can currency serial numbers be traced. I put 30k on red and made it back in 30 seconds.......... . Not sure what your point is? It's not gambling if you do proper research. I don't expect this to be a get rich quick scheme, and it's working well enough for me now to keep my lifestyle the way I like it. GrumpyOldGuy 1 Link to comment Share on other sites More sharing options...
Jurgens Smit Posted September 28, 2017 Share Mining Litecoin and not BTC? btc is long term, best gain over a year period, Dash is giving me the best short term value. Not really looked into litecoin yet, the miners weren't available in the batch I ordered from. If predictions and growth looks promising for a while still I may look at it, but for now my setup is doing well enough Edited September 28, 2017 by Jurgens Smit Link to comment Share on other sites More sharing options...
Jurgens Smit Posted September 28, 2017 Share you and me both bru'. All the toppies all like huh? i hit translate and google was still wtfffff Pants Boy and Mopkop 2 Link to comment Share on other sites More sharing options...
pe3nguin Posted September 29, 2017 Share Declaring all these cryptocurrency gains to the Commissioner one hopes Link to comment Share on other sites More sharing options...
Jurgens Smit Posted September 29, 2017 Share Declaring all these cryptocurrency gains to the Commissioner one hopes Of course yes pe3nguin 1 Link to comment Share on other sites More sharing options...
LazyTrailRider Posted September 29, 2017 Share Declaring all these cryptocurrency gains to the Commissioner one hopes Not always a simple thing. Some people have wallets belonging to entities in multiple countries... Link to comment Share on other sites More sharing options...
pe3nguin Posted September 29, 2017 Share Not always a simple thing. Some people have wallets belonging to entities in multiple countries...Jurgens is a South African tax resident and is required to declare income from worldwide sources. Link to comment Share on other sites More sharing options...
LazyTrailRider Posted October 1, 2017 Share Jurgens is a South African tax resident and is required to declare income from worldwide sources.Correct. Note however that I used the word "entities". Link to comment Share on other sites More sharing options...
LazyTrailRider Posted October 1, 2017 Share https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency CMK 1 Link to comment Share on other sites More sharing options...
CMK Posted October 25, 2017 Share wow 83K for one bitcoin Link to comment Share on other sites More sharing options...
Spoke101 Posted October 25, 2017 Share wow 83K for one bitcoinwas at 89k on Saturday. Link to comment Share on other sites More sharing options...
DIPSLICK Posted October 25, 2017 Share CLEARING MY SAVINGS ARE IN THE WRONG PLACES Gen 1 Link to comment Share on other sites More sharing options...
CMK Posted October 25, 2017 Share savings , what savings? I only have miners Link to comment Share on other sites More sharing options...
DIPSLICK Posted October 25, 2017 Share savings , what savings? I only have miners work like a miner, savings represent my job Pants Boy 1 Link to comment Share on other sites More sharing options...
b-rad Posted October 25, 2017 Share And in July 2010 1 Bitcoin cost a mere $0.08...who purchased a few then? Time to confess Edited October 25, 2017 by b-rad Link to comment Share on other sites More sharing options...
DIPSLICK Posted October 26, 2017 Share And in July 2010 1 Bitcoin cost a mere $0.08...who purchased a few then? Time to confess in everyone of my dreams I wish I threw 500k into it that can be said for a lot of things I suppose Link to comment Share on other sites More sharing options...
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