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In this section we advise you, and provide assistance to others on various industry topics.

Bitcoin is going to the moon

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24 Apr 2018 @ 15:45:45 pm
CaravanParks.com
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Totally off the topic from camping... But as I sit here administering all you beautiful people on this forum... BTC or better know as Bitcoin has been climbing nicely over the last few days again.
With nice volumes that has started to flow into it again, as we watch it break various resistance levels each time... NOT financial advice... just an observation.... from a dude behind a computer tracking BTC administering CaravanParks.com...

12 April 2018 was a significant date in crypto, that upward swing seems to be the rise of the markets again after such a beautiful 3 month correction. Last weeks USD8800 and now todays USD9370 is really very cool to see again.
"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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24 Apr 2018 @ 17:07:42 pm
Relaxed Camper
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Wish I was there from the beginning.....
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24 Apr 2018 @ 17:17:19 pm
Louvan
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Go to the casino.
Play black or red. Your choice.
About as certain, or uncertain, as bitcoin.
Never too old to have a happy childhood
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24 Apr 2018 @ 18:09:01 pm
W J
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Ek hou maar verby dankie.

How great is our GOD
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24 Apr 2018 @ 18:21:05 pm
CaravanParks.com
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Wish I was there from the beginning.....

It is amazing how the internet has developed over the last 25 years. Bitcoin is only the carrot in front of this Internet Cart...

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The CaravanParks.com Team
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24 Apr 2018 @ 18:55:37 pm
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And... now as new Internet Protocols are being written that finally include protocols that banking, retail right down to the distribution level of a products or Services and after that Customer Royalty Systems and even Quality Assurance Program Protocols are being written, never mind how amazing smart contracts are...

Crypto is the new replacement for...

Well everything we know today on the Internet and it is very scary and amazing all at the same time.

I can not tell you enough, just how exciting the Internet and Computer market has been since I first started playing with computers back in 1987... even long before those slow 9.600kb US Robotic Modems and my Atari 2600 or my ZX Spectrum.

I still remember loading software via cassette tapes, I used my sisters tape recorder to load software onto my ZX Spectrum just to play games such as Double Dragon.

I am such a Nerd actually... LOL

 

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24 Apr 2018 @ 19:52:29 pm
HM
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I still have my ZX Spectrum and loads of games. One of the first was "Horace goes Skiing".

 

The Happy Campers.
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24 Apr 2018 @ 20:16:39 pm
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Do you have Flying Shark? It was my second favourite after Double Dragon

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24 Apr 2018 @ 20:45:56 pm
HM
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Flying Shark does not ring a bell. One we could not solve was "The Hobbit". Even read the book to look for clues. I think there was a problem in the machine code.

Pity we did not have Mr Google those days. I see there is a Hobbit walkthrough for the Spectrum on You Tube.

The Happy Campers.
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24 Apr 2018 @ 21:03:01 pm
HM
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While on the subject of Internet Protocols etc. I use Google Chrome to do most of my surfing on the internet. Sometimes I see Chrome shows a site to be "Not secure". How safe is ones identity on these sites?

The Happy Campers.
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24 Apr 2018 @ 21:21:03 pm
Danie-SLK
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Totally off the topic from camping... But as I sit here administering all you beautiful people on this forum... BTC or better know as Bitcoin has been climbing nicely over the last few days again.
With nice volumes that has started to flow into it again, as we watch it break various resistance levels each time... NOT financial advice... just an observation.... from a dude behind a computer tracking BTC administering CaravanParks.com...

12 April 2018 was a significant date in crypto, that upward swing seems to be the rise of the markets again after such a beautiful 3 month correction. Last weeks USD8800 and now todays USD9370 is really very cool to see again.

From a high of $19 800 and now a great move to $9 300 is harly to the moon. I would think the high was already in place at $19 800 and it is just marking time before the next real crash after the correction from Dec 2017.

Check the high volumes in Dec and Jan when everyone got crazy to jump in and buy. The clever money was on the selling side then.

 

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25 Apr 2018 @ 00:00:44 am
Janack1
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I agree and so many companies are now creating crypto currencies. One company that I have invested in has now issued a Crypto currency and all their investers were offered 100 of their currency for free with the option to buy more. I have taken-up my free allocation only and one day I hope it will be worth more than trading costs if I should remember to sell it.
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25 Apr 2018 @ 10:20:23 am
Skolopad
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The politicians where discussing to created a African currency similar to that of Euro, think it was Davie Rood, the economist that points out it is to late, people are already using Bitcoins as the universal economy and that money issued by central banks will disappear over time. So time to start coin collection so that your great great grandchildren can have a memento of the old peoples stuff
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25 Apr 2018 @ 15:59:56 pm
CaravanParks.com
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From a high of $19 800 and now a great move to $9 300 is harly to the moon. I would think the high was already in place at $19 800 and it is just marking time before the next real crash after the correction from Dec 2017.

Check the high volumes in Dec and Jan when everyone got crazy to jump in and buy. The clever money was on the selling side then.

 

LOL... YES 100% True and amazing that you bring this up..

I currently belong to a Discord group where they discuss Bitcoin 24/7.
I only joined them around the beginning of December 2017, as I am new into this.

But after listening to them over those first days I started to like what they were saying, perhaps only because things were just going up and up and up at the time.  But then suddenly, on about the 10th December they all went into “some panic mode” and they exchanged charts and TA (Technical Analysis) with each other while using terms like RSI and more.

They said it was “Alt Season” and I did not understand what they meant at the time.

So I reluctantly just followed them along on or about 10th or 11th of December and sold all my BTC for some Alt coins including Stellar (XLM) and Ripple (XRP) and some others.

By the 12th December Bitcoin started to crash and Alt coins went up.

I still don’t really understand what I am doing when it comes to TA.

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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25 Apr 2018 @ 20:24:19 pm
Danie-SLK
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The most important lesson to learn is never commit hard earned cash into what you don't understand or know what the risk is. BTC has the highest risk I can think of. Just today BTC is down $614.Any asset going up 25 times in 1yr can be seen as a bubble to burst. If more people are tricked into buying by those that make money by getting people to trade even if their clients can loose everything will tell you all the good of the instrument.
Google "Ex Goldman Sachs trader tells truth about trading. Find all 5 videos and see how traders are on the loosing side most of the times. The more people you can trick into trading the more the person selling the platform can gain. Also google Anton Kreil.
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27 Apr 2018 @ 14:27:46 pm
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I still have my ZX Spectrum and loads of games. One of the first was "Horace goes Skiing".

 



I remember getting that upgrade from 64kb to 128kb... and if I recall it was part of the ability to use a joystick as well. I loved my Sinclair (ZX Spectrum) I remember typing code into it for hours... then to show my mom that I was able to make the screen changed colors a few times.. lol she thought I was crazy spending all those hours just for that...
"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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27 Apr 2018 @ 14:34:22 pm
CaravanParks.com
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Wish I was there from the beginning.....

This is the very beginning of crypto...

it is like the Internet in 1990 all over again... buying internet properties and investing in new technologies. 

we are so early its crazy... obviously the internet was used by the CIA or USA Intelligence way before 1990... but from a retail or public perspective we are so early back in 1990.

Less than 1% of the world is invested in cryptocurrencies, but I do understand what you mean "from the beginning though"... me too..  

But 8 years is like 8 months in crypto. . We early still...

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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27 Apr 2018 @ 16:38:50 pm
Proffie
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I do not trust an asset I cannot hold in my hand, same as I do not ride on anything with its own brain (computors/processors excluded)
Jesus saves all who do the will of the Father Matt 7:21-23
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27 Apr 2018 @ 19:54:15 pm
CaravanParks.com
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I do not trust an asset I cannot hold in my hand, same as I do not ride on anything with its own brain (computors/processors excluded)

I totally agree. I do not trust it as much as a physical building or a property as a primary Asset either.  Although Bitcoin can be in your hands, but just not physically like notes and coins.  It is actually found on your smart phone, or something similar to a "memory stick" called a “Trezor or Ledger Wallet” and has now even been developed on a Debit or Credit Card system and this already in your hands.

I do however understand what you mean... and I feel what you say.

Technology is just developing way too fast for most of us and similar to the invention of the e-mail, replacing sending a Letter or a Post Card written by pen.  Many resisted email for years and years and they unfortunately got left behind.  

Bitcoin is only the “CARROT IN-FRONT OF THIS CART”

Bock-Chain Technology is nowhere as SMALL the invention of the actual Internet.
E-mail is feeling like a fax machine when it is compared to SMS or WhatsApp!
Never mind CD’s or DVD compared to memory sticks!

Elon Musk, born on 28 June 1971in Pretoria, South Africa. He is our very own South African hero now living in American. He invented the first online payment company in the world called www.x.com in November 1999. This company later became PayPal and this was the start of Online Payment Gateways.

PayPal is actually just a simple few lines of computer code know as a protacol.

This all happened during the same time when www.Vesrve.co.za/CaravanParks finally moved onto its “very own domain name”. This camping website of ours traded for a few months on a sub-domain before it was launched onto CaravanParks.co.za.

Only much later around 2001 or so did we finally become www.CaravanParks.com. I found this .com domain name in a “Recycle Bin” (Ready for new Registration and owner) after a failed website start by someone in New Zealand.

You said, you do not trust an ASSET you cannot hold in your hands”

CaravanParks.com is one of my most prized and loved ASSETS.

I can not hold it in my hands.  It contains more lines of code in the back-end than what makes this front end actually work.  Never mind the fact that it contains way more code than PayPal itself, excluding both ends of the banking system.

But CaravanParks.com helps pay the bills and all my amazing staff members we have here today are supported by an online asset I can not hold in my hand. 

I have never physically held this beautiful CaravanParks.com domain name or it's website code in my hands either.

Perhaps Bitcoin or CaravanParks.com feels the same...  - It feels like a keyboard and mouse in my hand. ..

Gonnie Bromehead – CEO – Research & Development at CaravanParks.com

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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27 Apr 2018 @ 21:07:32 pm
Proffie
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Noted
At least you have offices and people and surely some asset one can attach.
Maybe I know not enough about Bitcoin. Too late to invest and make some $ in the process in any case.
Same with internet. In my early days I attended a seminar in Kemptonpark somewhere in the 90's. A young engineer was talking about the internet and asked for interested parties to invest in his company to establish the net in SA.
I did not have money at the time, but the feeling amongst the others were that it was a pipe dream. I was quite exited about the idea.
If I knew then what I know now, I would have bonded my property to get the money.
It was not destined to be. Same with Bitcoin.
So be it then.
Jesus saves all who do the will of the Father Matt 7:21-23
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27 Apr 2018 @ 22:03:54 pm
Brommer
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Its like playing the stock market or lotto... You have to know at least what you are doing and what you are willing to lose.... In the end, if you rise too quickly, too high, you can fall very hard.. Usually anything that goes up steadily have some form of steady control... 

A lot of people invested in Bitcoin, would all now really promote it very hard to keep the levels up... I for one do appreciate that they want to protect their investments, especially now.. But for a lot of people the risk of losing something when they could have had it safely is just too high.. That is probably what is holding back all the economies anyways, nobody wants to spend or take risks on anything..


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28 Apr 2018 @ 04:40:09 am
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Its like playing the stock market or lotto... You have to know at least what you are doing and what you are willing to lose.... In the end, if you rise too quickly, too high, you can fall very hard.. Usually anything that goes up steadily have some form of steady control... 

A lot of people invested in Bitcoin, would all now really promote it very hard to keep the levels up... I for one do appreciate that they want to protect their investments, especially now.. But for a lot of people the risk of losing something when they could have had it safely is just too high.. That is probably what is holding back all the economies anyways, nobody wants to spend or take risks on anything..


Very true... I have not really made any money on it yet. I am new into it. But have studied it extensively since 22 September 2017 when I got in. I have always studied money along with gold and silver since forever. So it was easy for me to join the dots on this new Bitcoin thing.

In fact, I just broke even again after loosing to school fees and this very big Bitcoin correction/crash.

But yes... you must only investment what you are willing to loose. I see it as a piggy bank... like I had when growing up... kids today just don't know how to save.

Bitcoin is not really like the Lotto but more like investing in Gold or Silver that goes up and down in value... but more up as it is still very new. (Less than 1% of the world population)

As Africa has the most Gold and the queen doesn't own Africa anymore... and they (the queen) continue to control what we think is money.
They decided in 1971/2 to remove the USD from the Gold standard, essentially removing Gold from money and we as people didn't realize or care much about what they did. They won and we lost.

"Money" is no longer "money" but a "Fiat currency"... meaning only worth what people are will to say it is worth... But Gold and silver has so many other intrinsic qualities and values and our money today is no longer backed by it.

Bitcoin is the same as a "Fiat Currency" and is not actually "money" like how we understood it in the past 4000 years.

It is only a means of exchange for a product or service between people.
Bitcoin is actually a "Fiat Currency" that has no real value, except to the people who say so just like all other bank notes and coins today.. and people have excepted the US Dollar and other Fiat currency's (including our Rand) for over 40 years now and this "money" is not even backed by gold or silver anymore since US President Nixon took the US Dollar off the gold Standard in 1971 / 1972 essentially taking all currencies off the gold standard as other currencies are backed by the US Dollar and the US Dollar was backed by gold.

We are "Sheeple" and Bitcoin will replace the USD and become the same thing as a USD but just with a different name.

Those who support Bitcoin early will make big money for their kids... those who did not... well your kids will work for those who adopted it early.

Very Sad but true.
"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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28 Apr 2018 @ 05:04:53 am
CaravanParks.com
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While on the subject of Internet Protocols etc. I use Google Chrome to do most of my surfing on the internet. Sometimes I see Chrome shows a site to be "Not secure". How safe is ones identity on these sites?



Be very careful when it comes to Chrome or any other Browser plugins. If you get lazy and do not actually type www.Standardbank.co.za you may not realize that the plugin has been hacked or is just a false plugin and it takes you to www.standarbank.co.za (one missing letter or close but not the correct spelling can result in you punching in you security codes and giving away your pin code.)
"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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28 Apr 2018 @ 10:21:10 am
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This is not financial advice.
I am NOT a financial advisor.
I am not sponsored nor selling anything to anyone here.
I am just a dude behind a Laptop moderating CaravanParks.com talking about Bitcoin sharing what I know so you can make your own informed decisions on this amazing technology.

I just got a call from someone from our Forums, we had an awesome chat this morning. He had my number because I had phoned him as part of my many phone call asking for advice on how to hand these forums over the last few days. This person was asking me for some advice on Bitcoin and as usual I gave out my knowledge and my time helping someone I don’t know. He was hesitant as he felt a bit embarrassed to do so, but I still did it with a smile after telling him I am not an expert on this at all and not a financial advisor. So I share this with everyone, before I get any more calls.

I can not give actual price predictions or recommend specific coins that are going to make it big in the future. The future of Bitcoin is as uncertain as the weather, one day it rains the next we will have sunshine. But, I was able to point this nice guy into a direction he needed to at least start making better choices. I told him to look into www.AltCoinTrader.co.za and www.Luno.com as two good exchanges here in South Africa to get into Bitcoin and other Crypto currencies.

Both of these Exchanges have offices here in South Africa.
One is a small to medium sized family business, similar size to CaravanParks.com I suppose and the other is a massive corporate company called Naspers here in South Africa who are connected to DSTV, Takealot.com and Multi Choice and many other well know brands.

AltCoinTrader.co.za provides access to:
BTC - BCH – BTG - LTC – NMC – XRP – ETH – DASH – ZEC - BTCP

Luno.co.za provides access to:
BTC and ETH

YouTube.com and Google is your friend when looking to research what the differences are between the exchanges and the vast differences between the current 1600 coins and/or protocols available today.

I know this is all just “Gibberish” to most of you and it was to me just a few months ago.
My intention on this topic is to share information to you about my own research only because it may potentially afford your kids the ability to become financially free like what I am doing for mine. I do not sell courses, I do not sell my advice or knowledge, I am not sponsored by any one or any company. I am actually doing this Bitcoin Topic just to keep me active on my own Forums.
I need to ensure that I do not “Over Moderate” these CaravanParks.com forums, so in my crazy ways I decided to make this topic so I can rather “over type” here on a topic that campers can decide if they are interested in or not. Because my typing is endless by the looks of things...
- LOL

I LOVE you all – Gonnie Bromehead

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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29 Apr 2018 @ 00:33:41 am
Danie-SLK
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Gonnie it is good to see you more active and well. This will always be a possible good BUY but with high risk.

I am not sure when you got the stat for who has the most gold. As far as production is concerned SA is declining and it should continue over time. China is producing more than double what is produced in Africa.

Major countries in mine production of gold worldwide from 2010 to 2017 (in metric tons)

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29 Apr 2018 @ 09:41:37 am
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Gonnie it is good to see you more active and well. This will always be a possible good BUY but with high risk.

I am not sure when you got the stat for who has the most gold. As far as production is concerned SA is declining and it should continue over time. China is producing more than double what is produced in Africa.

Major countries in mine production of gold worldwide from 2010 to 2017 (in metric tons)


Thank you for your reply... I was not referring to current Gold production actually. That is a given and your chart you provided is 100% accurate.

GOOGLE ANSWER TO A QUESTION "WHERE IS THE MOST GOLD IN THE WORLD?" ANSWER - "Located in South Africa, the Witwatersrand Basin represents the richest gold field ever discovered. It is estimated the 40% of all of the gold ever mined has come out of the Basin. In 1970, South Africa's output accounted for 79% of the world's gold production" - END QUOTE

I was referring to where the most gold was found in the world and then suddenly without any rhyme or reason did Gold production reduce drastically in our South African mines during the 1970s... and at the same time US President Nixon takes the US dollar off the gold standard, essentially taking all world currencies off the gold standard as they are backed by the US DOLLAR...

This was done all too quickly and for some it was far too obvious.. but for the majority who were not looking did not even notice anything even still today.

This is a touchy subject and I cannot really continue on this actual Gold Subject due to many reasons... but please reply to this topic anyways... I would love to somehow continue about this subject... LOL (now admin is skating on thin ice - politics man.. dam politics I tell you) LOL ... but perhaps we should leave this "conspiracy theory about gold" where it is for now..

Moving on about gold and NO wait I have more...I like skating anyways.... Gold and Silver has so much value and where man finds Gold.. people die... just ask our own Afrikaners (conspiracy again Gonnie stop it) what the queen did to them when referring to "concentration camps" and more because of South African Gold.

(So much for moving on...) When the so called "wrong people" own it they are disrupted in getting more of it... I said enough here on gold in SA.

Focusing now on China, Australia and Russia they are the new flavor of the month when it comes to this stupid piece of stone or metal actually... and now as these countries "comply" they will be acknowledged as "First World" and a great foriegn investment destinations as well. We can only wait and see where our own beautiful country takes us in the future when referring to "complying", perhaps then the powerful people will open up our so called "uneconomical mines" again.

Bitcoin, Ethereum, Lite Coin, Ripple, Stellar and so many other cryptocurrencies are all in my mind a better investment opportunity right now compared to Gold and Silver (although Silver is dam cheap right now according to Mike Maloney one of my mentors)... perhaps we can all make it big with these so called dodgy new Bitcoin thing and then in future buy loads and loads of Gold and Silver.

Timing is everything.
"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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29 Apr 2018 @ 17:19:35 pm
Danie-SLK
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Good points mentioned Gonnie. I try to get to the economic value. Even if SA has the gold reefs and it cost more than the price of gold to extract other countries with lower production cost gives a great current value. We just need to look at the profit of Gold Mining houses in SA. I belief the cost of labour and electricity will always be the brake on moving forward or adding value.
Time will tell if the crypto will stay or is just another bubble being mined on computers and waiting to burst just like the internet bubble before tech emerged as a great industry that changed how we do things. Most things being chased by the majority turns to tears due to hype.
We just have to make our own choices and accept the consequences.
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21 May 2018 @ 22:57:21 pm
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24 May 2018 @ 13:22:28 pm
Danie-SLK
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Although a short period but may be we can have a look how things turned out in Rand terms over the 4 weeks since we started this discussion.

Also a look at how the Rand/$ panned out.

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24 May 2018 @ 17:26:14 pm
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LOL... So my chart has a little more information on it than yours...  LOL...

So when looking at the longer term, we should see some growth... and then "they" say perhaps 2018 may be similar to 2014 when BTC was a little flat 

With that said, I can only speculate that Institutional money are all still busy accumulating during this "flat" or "dip" period.

So then we too should accumulate until it takes off.  We do not want to be chasing it, as it goes up.

Come 2020 or 2021 or even perhaps a year after that like 2022 then only does my 5 year plan play out as per this (joke) chart below. 

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24 May 2018 @ 17:43:35 pm
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I am not an expert on this... but the RAND has been "shorted" for many years now by the powers at be... and it is going to strengthen over the next few years in my personal opinion....  and in my hopes... and yes this will be a conflict against BTC I suppose as per your chart.

But I believe in the underlying technology offered by Blockchain and the protacols attached and just like we should have invested in Yahoo, Altavista, Google and Amazon way back then.

We should learn to save and invest for our children's future.

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24 May 2018 @ 20:42:39 pm
Danie-SLK
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Good comments about the topic. Time will tell when we get to the "actual product release". It is always a good strategy to at least have some exposure but not to bet the whole house on it. I would agree on some of the reasons for crypto but to just mine things using computer power and graphs does not look like something that could be sustained. Only my view.

What is scary is to see the amount of power used by Bitcoin related mining and transactions. Nearly 5 times the power used by Italy and 2 times that used by the Netherlands. Imagine the CO2 produced while we are trying to save the planet.

 

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24 May 2018 @ 21:16:36 pm
Froggy
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Ek hou maar verby.
Met my luck, gaan ek weer geld verloor. He He
Froggy ons Sprinter bussie Harry & Yvonne
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25 May 2018 @ 19:04:34 pm
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I see this in the news today. Recently I attended a meeting and after the meeting someone took the floor to advise SA people to move as much money as they can into save $ and Bitcoin.

Not good to know this huge amount could be lost. R1 bil is serious money. Since March 2018 $30 mil (R374 mil) got added by investors.

Item to be found on www.moneyweb.co.za or search for "south-africa-investigates-80m-bitcoin-scam"

South Africa investigates R1bn bitcoin Ponzi scam

South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of R1 billion ($80 million) with promises of huge returns that never materialised, police said on Friday.

The fraud investigation involves a company named BTC Global, which told clients they would earn 2% per day, 14% a week and 50% in a month, the police said.

A search for the company on the internet showed its services had been suspended.

The website lists Steven Twain as the “primary trader”. A request for comment by Reuters sent to an email address listed on the website as belonging to Twain received no response.

“Members of the public are believed to have been targeted as part of the scam and encouraged by agents of BTC Global,” the police said in a statement.

“Some of the investors got paid in terms of the agreement. However, the payments suddenly stopped.”

Local technology news website mybroadband.co.za had reported in March that more than $50 million was lost by investors in BTC Global.

“This may prove to be the tip of the iceberg with potentially thousands more yet to discover they’ve lost money,” police investigator Yolisa Matakata said.

The investigation follows a case this week where kidnappers demanded a ransom in bitcoin of nearly $120 000 to release a South African teenage boy.

On Thursday South Africa’s central bank said it was in the process of determining whether cryptocurrencies complied with its financial surveillance and exchange control regulations.

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25 May 2018 @ 20:01:02 pm
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That BTC Global was a big scam...

I know people who invested with them and lost everything.   It is so sad how people rip other people off.

Currently when it comes to crypto it is still the wild wild west.  This is why better regulations will be welcomed over the next few months. 

Most importantly, we need to know that crypto is not going away... and the genie is out of the bottle.  We need to be early adopters to enjoy higher gains.

The early bird catches the worm.

 

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26 May 2018 @ 09:19:56 am
Danie-SLK
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LINK - Very risky Bitcoin

Accepting the risks involved in this kind of investing. 

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29 May 2018 @ 19:38:44 pm
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This is not financial advice.  I am not a Financial advisor. Everything I mentioned here is for entertainment purposes only.

You are expected to do your own research and get real advice from your own real financial advisor.

With over 1600 coins to choose from, there is going to be scams and shitcoins among the list, because this market has not been fully regulated.

But higher risks = higher returns along with a higher risk of loosing it all.  Invest only what you are prepared to lose.

Apparently at the next G20 summit a discussion is likely to take place moving forward on regulations and clarification on the various laws going forward.

Most EU countries, along with many countries including Australia, New Zealand, UK, USA, South Africa have already acknowledged this new technology and have already passed certain laws to cater for the use of crypto currencies by its citizens.

This fact above should provide some feeling of positivity as world wide adoption and acceptance takes place.

XLM - Stellar Lumens has partnered with IBM.

XRP - Ripple has partnered with most big banks around the world and is said to be the replacement technology of the current "cross border" payment system known as SWIFT. 

ICX - Icon has recently announced a partnership with SAMSUNG 

ETH - Ethereum has many partnerships, including INTEL, Microsoft, BP, Pfizer and MasterCard to name just a few...

I am passionate about technology,  because I am a nerd actually.  So I hope who ever reads this info gets something good out of it.

 

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29 May 2018 @ 21:17:25 pm
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BTC should easily be 50000USD by the end of 2018.  It is currently sitting at 7400USD.

With only 6 months to go we better accumulate, it is about to take off.

BTC to the moon by 2021.

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30 May 2018 @ 06:56:41 am
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This was the front cover of The Economist in 1988.

If you look at the date reflected on the coin on this front cover it clearly says 2018.

 

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30 May 2018 @ 13:39:38 pm
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If Bitcoin continues to rise in value, where does the added value come from? It looks like people are just being willing to pay higher and higher prices for this, more or less like a van Gogh painting.  But it is not van Gogh paintings, so will it keep on rising?  What happens when people loose confidence?  It looks like this keeps on happening and then the general confidence returns but many people had lost large fortunes- or had they?  How can value just be created out of thin air?  I just don't trust it. This whole matter looks too uncertain to me to take a chance on.  I firmly believe in the philosophy that if something sounds too good to be true, it probably is (too good to be true).

Het is beter rijk te leven dan rijk te sterven
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30 May 2018 @ 13:49:39 pm
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A easy rule to use is what is the primary trend. Bitcoin is not currently in a long up trend and when you hear of something that everybody talks up to 5 times the current value in 1 year rather stay away or commit some small change. Over the last 5 weeks BTC is still 20% DOWN in Rand terms - no support YET. Should the previous peak be broken to a new high it might be a time to get in. It cannot get to 5 times higher without sailing past the previous peak.

When something is in fashion like BTC let the majority buy and you sell. 90% of traders are getting it wrong so go against the majority - sounds stupid but it works.

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30 May 2018 @ 21:54:08 pm
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If Bitcoin continues to rise in value, where does the added value come from? It looks like people are just being willing to pay higher and higher prices for this, more or less like a van Gogh painting.  But it is not van Gogh paintings, so will it keep on rising?  What happens when people loose confidence?  It looks like this keeps on happening and then the general confidence returns but many people had lost large fortunes- or had they?  How can value just be created out of thin air?  I just don't trust it. This whole matter looks too uncertain to me to take a chance on.  I firmly believe in the philosophy that if something sounds too good to be true, it probably is (too good to be true).

Fred it is crazy, I know... and as usual all new technologies are always deemed risky and slowly adopted by everyone.

But here is something interesting to think about.   Since 1972/73 all "money" as we know it today was done away with already back then... what we still call "money" today is actually not even money, but a "fiat currency" (- Google this).  When USA President Nixon removed the US Dollar from the gold standard in 72/73, all world currencies essentially became worthless just like the Dollar itself. 

This means that the cash you hold in your hand today only has a value because it is accepted to be so, firstly by our government,  and then in return by the people of the country.   

If the government says tomorrow the ZAR (South African Rand) is now discontinued it will be so, and everyone will do so too.

Same for Bitcoin, if the world powers say it will be the new "world curcurrency",  then the governments of the world will say it is so, and then the people will just use it, because it is said to be the replacement currency by government.

So, "fiat currency" has no intrinsic value either, not redeemable for gold or silver like prior to 72/73.

Our so called "money" today is as worthless as just a piece of paper it is printed on. But as long as you and I accept it as a form of exchange, we will use it as such.

Bitcoin and other Cryptocurrencies are the replacement for all 180 currencies worldwide.  It will be done away with systematically by the various Reserve Banks around the world.

It is a given and it is real, and just like you accepted the credit card or debt card way back then, so will you end up accepting crypto in future.  It was only the first to adopt these cards who resisted it in the beginning,  once everyone got used to using it, they all stopped resisting it. 

If it comes to law, we usually accept it as such. 

 

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30 May 2018 @ 22:01:29 pm
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Fred, Oh and the short answer to your question... where does the value come from.... well only banks are allowed to have and own pyramid schemes... lol... I will get into trouble for this ... lol..

Fred it's simple economics... demand and supply... as all cash is removed out of circulation from all countries, essentially cashless countries,  the value of that "share" of that cryptocurrency goes up as more people transfer their fiat currency into cryptos.  Just like buying Gold or Silver or any other business stocks... the price goes up when money in pumping into that stock. 

The short answer was sufficient I suppose...lol

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30 May 2018 @ 22:20:51 pm
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Danie SLK, it took me many months of getting it wrong....  I lost cash too... but learning how to think the opposite to the majority is a funny feeling.

I am a sucker for buying high and straight afterwards it dumps to a much lower amount.... 

 

 

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30 May 2018 @ 22:33:25 pm
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30 May 2018 @ 23:54:22 pm
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Danie SLK, it took me many months of getting it wrong....  I lost cash too... but learning how to think the opposite to the majority is a funny feeling.

I am a sucker for buying high and straight afterwards it dumps to a much lower amount.... 

 

 

Most things come with time. Training one's emotions can take years. We all have the emotions and no matter how much you have trained it we are still human after all.

Those who can follow the road for the long term do get to the destination - not in record time.

Yes one feels more comfortable being amonst those that do the same thing - but it is not always the best.

Due to the fact that you are doing a lot of number crunching yourself just do a check over a long period and measure the results if you had to always buy low and sell higher. By buying low and selling higher - without emotion about gain/loss - you will find you have a better than even chance of showing a good return.

 

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31 May 2018 @ 09:37:30 am
Fred
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Admin, What you say is true and logical. The piece of paper is just proof that you are good for the amount printed on the paper.  But this is where my concern comes in: I would like my voucher to more or less hold its value so that I can plan ahead, but with bitcoin, I am expected to just take a chance: perhaps it will hold its value, perhaps it will increase in value or perhaps it will decrease.  This flies in the face of what a voucher is supposed to be.  At the moment crypto currencies does not act like currencies but more like pyramid schemes as partakers join in, in the hope of making money which is contrary to what currency is supposed to be(well, more or less).  I am reasonably convinced that in its present form, it does not have the trust to be a real currency and I suspect just a very small percentage of the population deals in them.

Het is beter rijk te leven dan rijk te sterven
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31 May 2018 @ 10:09:11 am
Skolopad
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It is not bitcoin but I can transfer, pay or settel a acount over my cell phone with out any cash changing hands is that not already e money ?

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31 May 2018 @ 10:20:20 am
Danie-SLK
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Fred I share your views mentioned. For me the biggest risk is that anyone can hack into an account and gone is your Bitcoins. Yes they are trying to prevent it but there are a number of KNOWN instances where millions of $ have been lost suddenly.

In the current unregulated space it is indeed a dangerous place and loss can be great.

Also by merely adding new coins mined it is based on no asset by supply and demand and the actual mining via IT networks.

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31 May 2018 @ 10:34:59 am
Danie-SLK
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It is not bitcoin but I can transfer, pay or settel a acount over my cell phone with out any cash changing hands is that not already e money ?

I great step but I think at the end it is still linked to money in an account to transfer, settle and pay someone and it get to the persons account and then draw at a ATM.

 

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31 May 2018 @ 18:00:21 pm
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Electronic money is all around us today.

SNAPSCAN powered by Standard Bank is one example, your chipped credit card is just another one.  Even normal internet banking is all electronic money today that is connected to various accounts in the end all using e-money. 

Actually we should never call it money, because it is a currency actually.  Money has value,  our current currency is a "forced system" that is accepted for use by our government. 

When it comes to security and hacking, it becomes more and more important to have a good antivirus software program on your device. 

The invention of blockchain will provide us better security going forward.   

Samsung, HTC and other cellphone manufacturers are currently making mobile devices that actually run on this technology called Blockchain. 

Essentially providing the end user a "retail" version of a secure bank account inside your own phone. This is going to be a normal thing within just a few months from now. 

AND, When this happens OMG!

Cryptocurrencies are going to be the flavour of the month and in years to come everyone and their dog is going to make use of it, just like we use email or SMS instead of post cards now.

Early adopters, like us, are going to be very happy that we got into it now and not when the value of this new technology is much more expensive, as the actual stock price is higher.

Thanks for this awesome topic... I hope this helps everyone understand something that is so new.

It is similar to my 1993, 94, 95 years trying to explain what the internet was going to be like...

LOL... I am such a NERD... 

 

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