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Bitcoin: Does it have a future ?
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ryko wrote:passiveinvestor wrote:is there currently a way to cash out of BTC positions and get KES without a killer charge? Why would anyone cash out BTC now we just finishing a 2yr bear and we about to begin a long year ahead of winding bull market since halving is in 3 months (May). Anyway, you can use the Paycent Credit Card (USD) it works well in all Kenya bank ATM that is what I use https://paycent.com/paycent-card/It works like a any normal international card, most charges are ATM charges/conversion. This is an option if you don't want to deal with people/security/safaricom scandals/ bank fraud scandals/mistrust etc Excellent info @Ryko. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 12/8/2006 Posts: 104
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Thanks @Ryko and @mamilli . Looks like Paycent is the most ubiquitous. Though not regulated under any regime. Even though they claim to have UnionPay and Mastercard interoplability, no Mastercard / Unionpay logos on even the card images on the site and no announcement on Mastercard UnionPay sites that I've found.
My challenge has been the spread charged between a prevailing Crypto price and local currency as this never seems to be transparent and even varies from exchange to exchange.
Also, nowhere to resolve issues with Paycent.
But thanks for sharing. Will post here if I find something. Won't be marketing on anyone's behalf ofcourse.
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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passiveinvestor wrote:Thanks @Ryko and @mamilli . Looks like Paycent is the most ubiquitous. Though not regulated under any regime. Even though they claim to have UnionPay and Mastercard interoplability, no Mastercard / Unionpay logos on even the card images on the site and no announcement on Mastercard UnionPay sites that I've found.
My challenge has been the spread charged between a prevailing Crypto price and local currency as this never seems to be transparent and even varies from exchange to exchange.
Also, nowhere to resolve issues with Paycent.
But thanks for sharing. Will post here if I find something. Won't be marketing on anyone's behalf ofcourse. . I work so I can afford the amount of alcohol required to continue going to work
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mnandii wrote: BITCOIN has now bottomed at $6362.50. Expect a three wave correction to about $7000 but which should not go below 6362.50. Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high. All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way). FOMO currently happening. Patiently waiting for that one last correction, before....
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Mukiri wrote:mnandii wrote:BITCOIN has now bottomed at $6362.50. Expect a three wave correction to about $7000 but which should not go below 6362.50. Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high. All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way). FOMO currently happening. Patiently waiting for that one last correction, before.... Just when some people imagined that the Halving was priced in the current state, then the surge towards $10k kicked off. The next bull run may be more volatile than the previous ones, looking at dollar incremental and not percentage rise. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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The way it smashed through 10K. Onwards to the halving. DCAs continue accumulating. Traders either making profit or getting burned. Holders of last resort remain unmoved. 2020 looking promising. Fixed supply. Increasing demand. Time will tell. 
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Spare a thought for crypto bulls. Bitcoin got a beating of a lifetime yesterday and then some. It fell about 40% nearly touching $4000 and the rest of the cryptos weren't spared either. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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The "Corona candle" will live in infamy,Bitmex printed lows of 3596 before the exchange 'hang'...talk of inadvertent circuit breaker  Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mamilli wrote:The "Corona candle" will live in infamy,Bitmex printed lows of 3596 before the exchange 'hang'...talk of inadvertent circuit breaker https://cryptoslate.com/...tmex-hadnt-gone-offline/John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 6/26/2008 Posts: 384
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lochaz-index wrote:Spare a thought for crypto bulls. Bitcoin got a beating of a lifetime yesterday and then some. It fell about 40% nearly touching $4000 and the rest of the cryptos weren't spared either. Why is localbitcoins Kenya still so expensive? 1BTC is 6000USD and above. I want to buy.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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mnandii wrote:BITCOIN has now bottomed at $6362.50. Expect a three wave correction to about $7000 but which should not go below 6362.50. Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high. All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way). 6.3k was breached,currently battling to reclaim it.What does your wave count now show? Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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BITCOIN UPDATED WAVE COUNT  Bitcoin has bottomed at 3756. Now rising in wave (1) which should peak at around 10,000 before making a wave (2) correction as depicted by the the trend lines. Bitcoin will rise way beyond 20,000 as stocks and other investments crumble. It will be the mode of payment of choice for countries whose currencies will collapse. And yes, currencies will collapse in this deflationary environment. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Bitcoin having dropped sharply to 5500 yesterday suggests that one more move to below 3000 is possible. Watch out for it. If a move to 3000 happens then you'll have an even better price to pick some bitcoins. The forecast to above 20,000 remains. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Bitcoin forging on block after block amidst the global financial mess. 
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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mnandii wrote:Bitcoin having dropped sharply to 5500 yesterday suggests that one more move to below 3000 is possible. Watch out for it. If a move to 3000 happens then you'll have an even better price to pick some bitcoins. The forecast to above 20,000 remains. Sub 3k,I would sell my amg jalopy.However the recent capitulation both in price and volume persuades me otherwise (sub 3k may not print). Dry powder is always on the ready,am a buyer at any price below 5k. Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mnandii wrote:Bitcoin having dropped sharply to 5500 yesterday suggests that one more move to below 3000 is possible. Watch out for it. If a move to 3000 happens then you'll have an even better price to pick some bitcoins. The forecast to above 20,000 remains. Might the price action warrant regular reviews? You've given two different analysis, just a day apart. Price jumped to $6,6+ on the announcement of US printing money. Price seems to be holding steady @6,2. If they use the unlimited pockets to buy BTC as they bail people out, what is the likely effect? I think I'll average down with anything below $6k. ION How do people buy BTC (in bulk) nowadays?
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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mnandii wrote:BITCOIN has now bottomed at $6362.50. Expect a three wave correction to about $7000 but which should not go below 6362.50. Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high. All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way). This was posted on 30 Jan 2020 but on between 13 Mar 2020 - 22 Mar 2020 it was below $6362. I used Google Finance so these might be average prices. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:mnandii wrote:BITCOIN has now bottomed at $6362.50. Expect a three wave correction to about $7000 but which should not go below 6362.50. Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high. All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way). This was posted on 30 Jan 2020 but on between 13 Mar 2020 - 22 Mar 2020 it was below $6362. I used Google Finance so these might be average prices. COVID19 has shifted the paradigm. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Bitcoin has bottomed at 3761. Elliott Wave (2) in progress which will likely take the shape of the trendlines as depicted here. Completion of wave (2) will mark the end of Bitcoin's bear market. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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