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Re: how bitcoin works
Posted: 2018-01-16 07:38:14
What makes cryptos interesting is not the value but the concept and the tech. The fact that its trustless and does not rely on an intermediary. Blockchain will soon find uses outside of cryptocurrency. The value is based on a combination of demand & supply and speculation. It rises and falls for arbitrary reasons.
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Re: how bitcoin works
Posted: 2018-01-16 10:43:32
@rd32
Hmmn......
...The fact that's its trustless?
"...value based on demand supply and speculation..."
"...Rises and falls for arbitrary reasons..."
sounds like a recipe for manipulation . bit like Steinhoffs' asset valuations?
Hmmn......
...The fact that's its trustless?
"...value based on demand supply and speculation..."
"...Rises and falls for arbitrary reasons..."
sounds like a recipe for manipulation . bit like Steinhoffs' asset valuations?
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Re: how bitcoin works
Posted: 2018-01-16 10:50:29
Imm loving it ... Crypto is a Revolution ... Ive been doing really ok with it... even with my limited understanding of the technology ... Its not trustless though - one of the reasons why it works is because it operates within a system of trust. Its hard to commit a fraudulent transaction through the blockchain -oh wait - re-phrase - its virtually impossible .. (according to my understanding) ....
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Re: how bitcoin works
Posted: 2018-01-16 10:52:00
unlike companies like Steinhoff - where the right hand doesnt know what the left hand is doing
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Re: how bitcoin works
Posted: 2018-01-16 10:59:27
Edited: 2018-01-16 11:18:11
Edited: 2018-01-16 11:18:11
Im interested in starting to trade cryptocurrency. Ive downloaded the Luno app, but Im interested to hear from more experienced traders what currencies are you currently trading and what are the cheapest and your preferred exchanges that you have found to trade on? Also, is their anyone that mines bitcoin or other currencies, from what I have been reading the cost of mining, especially bitcoin, has become prohibitive. Is anyone having success with mining currently? You are welcome to pm me.Much appreciated.
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Re: how bitcoin works
Posted: 2018-01-16 11:41:35
@Vegas if you are local forget about mining - the elec costs will kill you ... check out Arbitrage Trading - the best way to earn with crypto ... ;) Luno is ok for us locals but their costs are getting like ridiculous if you are transferring from wallet to wallet ...
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Re: how bitcoin works
Posted: 2018-01-16 11:56:49
Thanks Victoria. I will check out Arbitrage trading.
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Re: how bitcoin works
Posted: 2018-01-16 13:21:32
Im still learning myself - Its so empowering!
Crypto rocks and I wish more ladies would start accepting it as a form of payment. Its certainly a far safer option for us than a bloody e-wallet!!!
No-one seems to get that its a win-win
and the secret is - DONT SELL IN A PANIC!!! Buy & Hodl ....
;)
V
Crypto rocks and I wish more ladies would start accepting it as a form of payment. Its certainly a far safer option for us than a bloody e-wallet!!!
No-one seems to get that its a win-win
and the secret is - DONT SELL IN A PANIC!!! Buy & Hodl ....
;)
V
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Re: how bitcoin works
Posted: 2018-01-16 15:19:32
I guess I will beat my monkey while holding it
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Re: how bitcoin works
Posted: 2018-01-16 15:48:18
@Johndoe ... Let me take care of your monkey baby ... ;)
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