Eldron Posted November 28, 2017 Share 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 (Excluding original capex that was withdrawn) It’s small money.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? Link to comment Share on other sites More sharing options...
Dieter ( ͡° ͜ʖ ͡°) Posted November 28, 2017 Share Not that I don't believe in it, it's just that's what I could safely play with and not notice. Link to comment Share on other sites More sharing options...
Wayne Potgieter Posted November 28, 2017 Share 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. Link to comment Share on other sites More sharing options...
coppi Posted November 28, 2017 Share 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................ Link to comment Share on other sites More sharing options...
Eldron Posted November 28, 2017 Share 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!!!! Dieter ( ͡° ͜ʖ ͡°) and Wayne Potgieter 2 Link to comment Share on other sites More sharing options...
Wayne Potgieter Posted November 28, 2017 Share And POOF! Suddenly I am a believer in Bitcoin. Go Bitcoin :-) Married next year - south island in 2019!!!!aaaaaaannnnddddd consider this thread hijacked. Eldron 1 Link to comment Share on other sites More sharing options...
GrahamS2 Posted November 28, 2017 Share 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 Link to comment Share on other sites More sharing options...
Pieter1 Posted November 28, 2017 Share 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. Mopkop 1 Link to comment Share on other sites More sharing options...
Eldron Posted November 28, 2017 Share 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/USDYup that's what I was asking. Poor choice or words on my side. Link to comment Share on other sites More sharing options...
ChUkKy Posted November 28, 2017 Share Im in it, mainly Litecoin and Ethereum, small bit of Dash and Z-cashMade 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 1 Link to comment Share on other sites More sharing options...
Wayne Potgieter Posted November 29, 2017 Share $10,500 Link to comment Share on other sites More sharing options...
Pieter1 Posted November 29, 2017 Share Waiting for Luno to verify my ID is so frustrating. Esp watching the price going up and up. Link to comment Share on other sites More sharing options...
Wayne Potgieter Posted November 29, 2017 Share $10,700 Pieter1 1 Link to comment Share on other sites More sharing options...
Pieter1 Posted November 29, 2017 Share $10,700Hahahaha! Link to comment Share on other sites More sharing options...
Wayne Potgieter Posted November 29, 2017 Share 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...... Captain Fastbastard Mayhem and Andrew Steer 2 Link to comment Share on other sites More sharing options...
Eldron Posted November 29, 2017 Share Sell!Sell!No wait - it will climb more. SELL!! Being an imvestor is fun ???? Wayne Potgieter 1 Link to comment Share on other sites More sharing options...
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