Cryptocurrency

[Eldron]

i have invested. I originally took $1,500 kiwi dollars (around R15,000) to experiment.

 

Once we doubled we sold around $1,600 worth into hard currency and put that back into savings.

 

We have since been using the profit and watching it grow whilst looking at other cryptos that interest me. At this stage portfolio is worth around $3,000nzd. (Excluding original capex that was withdrawn)

 

It’s small money. But all that we are prepared to wager.

 

This is super risky stuff. High returns always have high risk.

 

To answer your other question around borrowing to invest, I personally feel that is unwise irrespective of method of investing.

 

The beauty of all of this is how subjective it is based on each individuals risk taking levels. Same could be said of any type of investing.

 

For me, this is more about education than anything else and I really enjoy the debate.

Thats about as sensible an approach as you can take. Well played sir.

 

Quick one - when you sold how close did you get to actual trading price?

[Dieter ( ͡° ͜ʖ ͡°)]

Not that I don't believe in it, it's just that's what I could safely play with and not notice. 

[Wayne Potgieter]

Thats about as sensible an approach as you can take. Well played sir.

 

Quick one - when you sold how close did you get to actual trading price?

interesting question. I will need to check due to exchange rates. Will come back to you.

 

For the record I am doing all of this to raise money for a South Island bike race in a couple of years. Hint hint.

[coppi]

Once we doubled we sold around $1,600 worth into hard currency and put that back into savings.

 

 

For me, this is more about education than anything else and I really enjoy the debate.

Those two sentences sum it up nicely................

[Eldron]

interesting question. I will need to check due to exchange rates. Will come back to you.

 

For the record I am doing all of this to raise money for a South Island bike race in a couple of years. Hint hint.

 

And POOF! Suddenly I am a believer in Bitcoin. Go Bitcoin :-)

 

Married next year - south island in 2019!!!!

[Wayne Potgieter]

And POOF! Suddenly I am a believer in Bitcoin. Go Bitcoin :-)

 

Married next year - south island in 2019!!!!

aaaaaaannnnddddd consider this thread hijacked.

 

[GrahamS2]

Thats about as sensible an approach as you can take. Well played sir.

 

Quick one - when you sold how close did you get to actual trading price?

There is no fixed trading price with BTC. You literally put your coins for sale at whatever rate you desire. The rate we see int he media is normally based on the current rate from one of the larger wallets, such as XE or Coin Exchange.

 

Here's site that illustrates this well. Very different H/L prices simply dependent on what buyers were willing to pay  https://www.cryptocompare.com/coins/btc/markets/USD

Edited November 28, 2017 by GrahamS2

[Pieter1]

I just registered on Luno. Only thing that freaks me out is I had to send pics of my id. That is all I’m worried about. Only plan on playing with between 2 and 3k.

[Eldron]

There is no fixed trading price with BTC. You literally put your coins for sale at whatever rate you desire. The rate we see int he media is normally based on the current rate from one of the larger wallets, such as XE or Coin Exchange.

 

Here's site that illustrates this well. Very different H/L prices simply dependent on what buyers were willing to pay https://www.cryptocompare.com/coins/btc/markets/USD

Yup that's what I was asking. Poor choice or words on my side.

[ChUkKy]

Im in it, mainly Litecoin and Ethereum, small bit of Dash and Z-cash

Made a stupid decision in haste a few months back trading and lost equivalent of 3 ETH back then, luckily ETH was $175 on that particular day in July.

 

Im almost double up on my Rand value that Ive gambled.

 

Its fun and you learn quick when you got randelas on the line.

[Wayne Potgieter]

$10,500

[Pieter1]

Waiting for Luno to verify my ID is so frustrating. Esp watching the price going up and up.

[Wayne Potgieter]

$10,700

[Pieter1]

$10,700

Hahahaha!

[Wayne Potgieter]

I completely understand that this is a bubble. But that doesn’t mean that you can’t make money. The billion dollar question is not if the bubble will burst but rather when. If you can time that properly......

[Eldron]

Sell!Sell!No wait - it will climb more. SELL!!

 

Being an imvestor is fun ????