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04-09-2017 09:40 AM - edited 04-09-2017 09:41 AM
I've been following bitcoin's (BTC) progress out of fascination more than anything. Last week the price hit $5000 (current ZAR value R59,011.79 = 1 BTC). A lot of people have been asking me about it on twitter - and it's being used as a new 'get-rich-quick' gimmick, so you cna imagine how many people are sinking money into this without understanding what, exactly, they're doing.. People are getting excited however this looks like a masive bubble waiting to pop...
In the meantime, $6000 on the cards? And when will the bubble pop? Are there any BTC traders out there? Would love to get perspective from a BTC trader.
(Also curious to know how the SARB is planning on handling the regulation of crypto currencies. whatever policy they come up with will be very interesting to see.)
13-09-2017 07:41 AM
Perhaps it might be worth looking at what Australia/ & Ukraine are doing ito regulating crypto-currency. As for anonymity, that will very likely be a stumbling block. Guess we'll have to see how others get around that particular roadblock.
09-11-2018 08:19 PM
24-04-2020 10:11 AM
I’ve been observing bitcoin’s progress for some time now. Almost three years, if I’m not mistaken. I remember back in 2009 when bitcoin first appeared - what a big fuss it made, everyone was talking about it, making jokes about it.
24-04-2020 08:04 PM
I remember, too, when Bitcoin was a mock to everybody and people would say that this will go nowhere and it’s just a waste of time. That’s a long time ago. Now it is taken more seriously but people still don’t know how to use, how to manage it. They get too excited about it. That’s why we need to analyze everything not just from our perspective but from a professional’s view like https://oqex.io (one of my favorite cryptocurrency exchange) and other credible sources. Who knows what will happen in the future. Maybe this bubble won’t pop. Maybe this is not a bubble after all. Just a gold mine waiting to be mined.
07-05-2020 05:57 PM
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04-08-2020 08:28 AM
At the moment, it is impossible for the state to control the cryptocurrency. This is far from ordinary money and cryptocurrency does not obey the laws of ordinary money. Also, the states just do not yet know what it is and how to describe it correctly. For example, if there are bitcoins on the company's account, what assets should they be attributed to? It is not clear at the moment. It was really cool to watch the development of bitcoin, but at the moment it has stabilized. But I do not like to use it, as well as other cryptocurrencies from the list of 20 most popular. They can change their course at any time. Usually I use something not very popular. But now it is very difficult to find a decent exchanger that would work with many currencies, as well as at a decent rate. Recently, on the advice of a friend of mine, I have been using https://coinchefs.com/eth/ngn/1/. I am sure that if you try this service, you will definitely like it.