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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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31 May 2018 @ 18:05:41 pm
CaravanParks.com
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31 May 2018 @ 23:47:07 pm
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Oh my goodness... here is an amazing video I watched years ago, I thought you may enjoy. 

25 minutes that will make you think differently about money and your own time. 

Mike Maloney is one of my top mentors, he is also a "Rich Dad Poor Dad" Advisor and part of Robert Kiyosaki who is my ultimate mentor and financial advisor.

I owe much my last 20 years of success to Robert Kiyosaki.

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01 Jun 2018 @ 22:01:22 pm
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Coins and Crowns - Lyrics
by Elaine Diane Taylor

Down, down, down

It’s all going down, down, down
The peasants reeling
From a game of coins and crowns
We’re all feeling
When they borrow for war
No gold in store
They just print more

Then our costs go up and our jobs go down
Hunger goes up and hope goes down
Then anger goes up and it all goes down, down, down

Gold and silver from the ground
Five thousand years of money found
Mine it up, melt it down
A fair exchange to keep us sound
Print it up and it all goes down

Kings and queens with golden crowns
Five thousand years of empires founded
Make some war, win some ground
Just give us bread and circus clowns
To keep us down

 

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03 Jun 2018 @ 15:05:07 pm
Danie-SLK
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Hi Gonnie. Thanks for sharing your information and good to see you have a few mentors to guide you along the road. I read a book many years ago of a local guy who is on radio a lot and also writes topics on web pages and I will give him the credit for getting me on the right path around investments. Unlike the normal financial planner advice he tend to change as conditions change in our ever changing world. Not that I agree with him all the time but still of value.

I am glad you are in a position of having good growth from your mentors over a number of years.

I have spend a great of my life reading and following various people and the advice they gave over the years. Only after years of looking how they advise clients and the actual growth would I decide to follow or not.  I have to say the actual growth of capital is very low amongst those that we sometime use for creating wealth. You did not give the link to the video for Robert but I have read his great book "Rich Dad Poor Dad" and found it a fantastic book. I will however rate it as his best book. What I can say is his wealth building via property was applicable in SA as well but due to the changes the last 10 years property has become a very risky asset. Yes there are still opportunities but in general it might be an area to avoid to have too much exposure.

I have over the years read and viewed a lot coming from Robert and Mike. As I normally don't have time to listen to a lot of longer videos I normally listen to the speech of Youtube videos downloaded during the year when I travel to the South Coast. I have also listened to a number of short stories read by people with a great voice on my travel to KZN - not towing.

As far as I can remember Robert made a forecast a few years ago that all stock markets would have had the biggest crash in history in 2017 and the global economy seems to be doing well so the risk is perhaps low. Yes due to the crash of markets Mike and Robert advised to keep all you assets in gold, silver, etc.

This is an extract of Mike's self written CV on his web page.

From this I take it that he is still invested in Gold and Silver with most of his famlies assets.

Lets look at the facts around growth generated over time.

Gold in $ terms. Over 5 years no growth. Over 10 years from $900 to $1300. Only 44%

Silver in $ terms. 5 years minus 43%. 10 years no growth. This is really a disaster but Gold and Silver could given the right conditions move up. It does not seem likely at present.

If we perhaps spread investments and invested in the US top 500 companies for 10 years then the growth of $100 would have been to $193 (capital only) with the divis re-invested it goes up to $270. Thus Gold and silver will have to triple or global markets have to crash to make an investment in Gold and Silver a bit attractive.

Instead of trying to find what will go through the moon I rate the core of long term investing(building wealth) to invest in an instrument that will produce an increasing income over time and this income would then drive the value higher. Thus Gold and Silver does not meet this criteria.

As much has been said as the reasons why some bulls have been forecasting a Gold price of over $3000 we will have to wait and see.

Here is the graph to compare Gold vs SP500 and the local Gold Index without the income re-invested over the 10 year period. The Gold mines had a bad 10 years and it does not seem that there is any light deep down in the shaft. Cost factors in SA. All new capital is invested outside of SA. Gold Index down to 40% of the value 10 years ago. JSE-Gold in green. SP500 in purple. I am not sure how clear the colors would display.

If we look at the interaction of some other instruments we will find that the $ is still the place where the big moneys goes when there is risk. Recently we read about the problems in Italy that caused a fright. Neither Bitcoin or Gold took on the role as a place of safety.

Bitcoins not going to the moon as yet - 7 months to go to get it to increase to the 5 times current value. Graph from middle of Dec 2017 to current.

Price action during the risky time with the news from Italy. Bitcoin went down whilst the Dollar went up and with it we saw how the Rand was/is quite weak. Also the Euro was weak as seen below. Graphs for the last 4 weeks.

Sorry for such a long reply but I thought of giving my 2c around the topic of investment and the way some instruments behaved and to have it in 1 place.

 

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03 Jun 2018 @ 15:51:16 pm
Proffie
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Danie

Thanks for this comparative analysis. Comparing the instruments on the same graph is always an eye opener.

This once again supports the argument for diversification based on risk profiles and one's own risk appetite and risk ability.

In most cases where hard earned pension savings are concerned, the taking of risks should be limited or avoided if possible.

Investment should, for the average pensioner, be based on capital preservation with long term consistency in returns for income purposes. This however always require a measure of risk to ensure the countering of the time based devaluation of capital. Low to medium risk investment normally fits the requirement.

If one is in a position to take risk, one should not expose more than 20% of your assets to medium+ risk investments.

 

Jesus saves all who do the will of the Father Matt 7:21-23
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03 Jun 2018 @ 18:46:14 pm
Danie-SLK
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Pottie prior to Bitcoin the sales people were pitching to get people to trade forex. I am not saying it is not something to venture into. It is merely a matter of all those links on web pages are there to either get a commission or to get a cut from the transaction fee. One must know that with forex one would be competing against all the central bankers world wide and not easy to outwit them all. Imagine how those people feel that invested into the BTC Global scheme feel right now and R1b was invested. It is thus a warning not to easily part with your money unless you know the risk. This could well be the biggest global Ponzi type of scheme where some will make money and draw in a lot of people and they are the ones losing out. Where we are in the cycle only time can tell.

I am also for new tech and the internet had all the promises in 2001 but only after the tech crash did things take of and producing the goods. Even one of the best traders shorting the pound decades ago that nearly broke the Bank of England got the tech bubble wrong and bought right at the top.

As said before be carefull for single asset investments that can only go up in value. I know of people who went into property syndication and lost a lot of money. Mostly pensioners looking for higher income. The sales people got their commission and investors are loosing their money. Far safer to invest via a financial planner going for lower returns and perhaps consistend growth even if it might be below 10% p.a. It is still higher than inflation so one is still better of year after year.

Rather safe than sorry!!!!!!!!!

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03 Jun 2018 @ 20:58:52 pm
Proffie
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Fully agree.

Been involved with retirement funding for many years and have seen the losses you referred to.

Sad to say, losses by pensioners who tried to make a fast 'buck' and lost everything.

Maybe the reason why I am personally wary of financial instruments not tried and tested.

Old saying in financial circles, if it sounds too good to be true, it probably is.

No such thing as quick money, except you take a mega gamble.

Jesus saves all who do the will of the Father Matt 7:21-23
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03 Jun 2018 @ 23:43:03 pm
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This is such an amazing topic compared to tent pegs.... hahaha..  (just joking everyone)

Yes both Robert Kiyosaki and Mike Maloney and others predicted a massive stock market crash for 2017.

Well it is now 2018 and the markets are preforming better than those predictions.

Perhaps it could be something to do with Hillary Clinton not winning... and I am not even going down that road about my thoughts and reasons why I say this. 

AND

Perhaps DT winning provided a more stable and confident market and no body saw that coming as well, not even Robert or Mike.

OR

Perhaps DT winning prolonged this crash because it was not part of the actual plan by the Elite. 

Gold and Silver will always be No. 1 regardless of what actually happens with cryptocurrencies in the future. 

I am a technology junkie, so this new tech investing just fits better with my personality compared to 5000 year old gold and silver.  Although I wish to invest in gold one day in my future.

Property is still a great investment, even here in South Africa, I think. Even with all the recent noise about land reform or confiscation with no compensation and that crap. 

But then, i might be wrong about about property here in SA, because of the communist agenda being pushed into Africa by the Elite so they can further control all the resources here. 

But if my thoughts are correct and all this noise is only to "Short" the South African market, then we should still be buying property here in SA I guess.

What I actually enjoy more is the journey of acquiring the actual asset.  This is what I find more rewarding in the end... but now with cryptocurrencies in my head, learning all this new technology is just fascinating to me and now I can learn all this new technology for hours again. 

Prior to Bitcoin and the "pushing for Forex trading" is such an important point you brought up.

This bitcoin " thing" is Forex trading 2.0 actually.  Attracting more and more younger investors in to this arena, all because it is Technologically based.  Just like with me, I have been attracted because it is new and It just "sounds" more exciting than the old traditional stock market trading concept.

Anyways, it almost seems like BTC is ready for it's next bull run... although the markets are still cautious .... I am in 100% expecting and demanding a massive return on my investment.... LOL .... just like all these other thousands of people have done... it is like watching paint dry this investing this... lol

I know I can't be watching the clock impatiently for the next 5 years like this...but it is fun nevertheless and bloody exciting too.  I have only invested what I am prepared to loose and anyways, I have more exciting projects to play with at least while i watch and wait for BTC to moon.

But i feel during 7 June 2018 and 24 July 2018 we going to see a steep climb in BTC according to technical analysis i received. 

 

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04 Jun 2018 @ 00:14:16 am
Danie-SLK
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Thanks for your reply and giving us some insight into the other side of Gonnie.

This must be the longest threads about finances in a long time.

What I read about the excitement I can relate to the time decades ago when I got interested in markets and had a few shares Those were the days you could listen on the radio to get the latest prices instead of waiting for the morning news paper. Sjis was there such a time without the internet - LOL. I can remember at times at 17h30-18h00 I would go to my car and listen to the prices even when visiting family. Can one be so rude??????

For most readers it must sound silly but that is when something tickles your fancy and you want to know and want to learn about this strange animal that can be a bull, bear, pig and even a stag. Due to this involvement I have also put myself in a position where I just kept on learning and have never stopped to learn. Not just about markets but life in general.

You do mention the US election. It is these kind of things that cannot be predicted - the same with the market moves in general. I looked at the polls with Brexit, US election and a number of other events and found the polls were not a good indication of the actual result.

This part of an article perhaps explains what I meant about property in general. It was written in Feb 2018 and due to land grabs things have turned to the worse.

"One of these days I am going to sacrifice a precious Saturday of mine and attend one of those Think and Grow Rich property seminars. Or even one of the Robert Kyozaki-inspired gatherings along the same line, where mostly young and inexperienced wannabe property investors are attracted to make their fortune in the residential property market.

I need to understand why — having been an investor in property for almost three decades — I seem to have lost my touch. I am not making money in the residential property market, with the exception of a small getaway pad I purchased in the Western Cape some two years ago. What am I missing? What am I doing wrong?

My other residential properties — in good areas — have delivered little capital growth while rental growth has been negative for several years now. In fact, the rentals I am achieving today on two properties in an upmarket gated estate in the northern suburbs of Johannesburg, are less than I earned on them five years ago.

Capital values have also not moved an inch while levies, rates, taxes and upkeep have been rising at almost double the inflation rate."

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05 Jun 2018 @ 23:10:28 pm
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I did one of those Robert Kiyosaki "wanna be a professional property investor" seminars recently AGAIN. 

I actually only did it because of nostalgia and my love for Robert kiyosaki... and to remind myself of what I have forgotten. 

I did my first one many years ago and played the property game over the last 20 years.   I settled down on my 2HA property now here in Ashburton and have my office and home all one one property finally again.

I love Robert Kiyosaki and attribute much of my own financial success to his amazing teachings. 

Obviously these courses cost money and those people who do it will learn the easy way to manage their wealth... and those who complained about the cost or fees,  will learn the hard expense way of managing wealth.

South Africa is not over and done with at all and it is actually just about to moon beyond our own imagination...

I can not guarantee this, but when we look at all the massive new Unilever Distribution warehouses and new massive Virgin Active fitness centers for example,  and all the new massive shopping centers the size of 10 city blocks. 

Then we should all notice that SA is actually stronger than ever before economically, with just different short term problems including crime, hence the reason I started www.safecommunity.co.za .

The SANDF is about to become the flavour of the year again... as it is so pending a revamp and the country is crying for this to happen. 

Then taking into consideration the importance and much needed inclusion of the "new economy".

The importance of those "BEE and Affirmative Action" policies (oh just throw your daggers at me for saying that now) was so needed and now South Africa's economy is actually more "stable" and I say "STABLE" with inverted commas.

Because when we compare "stable" to previously  "unstable" because of a "racially imbalanced past".  It was more "dangerous" back then, than now.

The current multi racial mass inclusion provides us a more "stable" future in the end, regardless of the casualties.

Hahaha.. I sound like I really know what I am talking about... I actually don't... hehehe

But i have watched Mike Maloney's  7 stages of an empire and his teachings can be directly related to what we are currently going through here in South Africa. 

Anyways, I prefer to buy cryptocurrencies now instead of property.... because I am in control of it compared to land on a volatile African continent. 

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06 Jun 2018 @ 19:08:25 pm
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So it is the 6th June 2018...

BTC just lost a lot of value in the last 2 or so hours taking out soooo many stop losses. .. 

hehehehe not mine because I did not set any stop loss...  I didn't want that to happen to me again....

Let's see over the next 48 hours if this BTC thing is going to skyrocket as predicted by so many technical analysts channels on YouTube. 

Apparently, between 6 June and 24 July 2018 we are supposed to see some great things happening... 

I have heard it all before.... where is my popcorn!

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06 Jun 2018 @ 20:12:20 pm
Danie-SLK
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Personally I don't like stop losses as in the volatile times we are in you can take losses when you did not really want to and value can bounce back quickly. I prefer having a choice when to take the loss. My own results were much better after I dropped auto stop losses. I prefer to manage the loss and decide when to pull the plug. The theory is good to preserve capital but taken out a few times in succession can set you back a lot.

The way I see the current move as just a pull back after the increase yesterday afternoon. The current drop is only 50% of the gain yesterday.

 

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06 Jun 2018 @ 20:17:14 pm
neef Herman
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Somehow I don't really give a ratts ass if Bit coin goes to the Moon or not.

Being a little old school,  I would rather have a few shares in commodities and other. 

Dividends are fine,  a little here, a little there on a sustainable basis is al I want in life.

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07 Jun 2018 @ 06:23:31 am
Leon
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Dis seker maar hoekom ek 'n armgat bly. Ek laaik nie van sulke goete nie.

Sonder Jesus is ek niks! ! ! !
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07 Jun 2018 @ 13:07:44 pm
Danie-SLK
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Dis seker maar hoekom ek 'n armgat bly. Ek laaik nie van sulke goete nie.

Leon ongelukkig weet jy wat jy in jou sak het. Dis die minderheid wat wel suksesvol is. Maar soos baie dinge neem dit sowat 5000 uur se WERK om wel te bemeester en ook jare se verandering van omstandighede. Dit is egter nie dobbel soos party mense gereeld sal se nie. Sekere produkte kan dobbel of kanse vat wees.

Soos meeste mense polisse of pensioenfondse het is dit maar net iemand anders wat die besluite moet neem om te sorg vir 'n inkomste.

 

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07 Jun 2018 @ 15:15:00 pm
Froggy
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Ek het die laas paar jaar agter gekom, as ons almal harder werk hier op kantoor, kry ons almal meer geld in ons sakke aan die einde van die maand.

Almal het besluit om 35% meer ure in te sit elke maand en hulle maandelikse bonus is dan gelykstaande aan hulle maandelikse se salaris. 

So almal kry dan dubbel "pay" en ons ploeg dan nog geld terug in die besigheid ook.

Bang vir Bitcoin, ongelukkig iets waarvan ek niks weet nie.

Froggy ons Sprinter bussie Harry & Yvonne
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07 Jun 2018 @ 20:38:26 pm
Brommer
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Ek het die laas paar jaar agter gekom, as ons almal harder werk hier op kantoor, kry ons almal meer geld in ons sakke aan die einde van die maand.

Almal het besluit om 35% meer ure in te sit elke maand en hulle maandelikse bonus is dan gelykstaande aan hulle maandelikse se salaris. 

So almal kry dan dubbel "pay" en ons ploeg dan nog geld terug in die besigheid ook.

Bang vir Bitcoin, ongelukkig iets waarvan ek niks weet nie.

Al wat vir my ook maar sin maak... 

 


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07 Jun 2018 @ 23:15:28 pm
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100% correct Froggy and Brommer... you reap what you sow in the end. 

Working "smart" and not "hard" is actually the the best method. 

Apparently in today's fast paced world we need 7 different income streams just to be classified successful.

This sounds crazy, the last time i remember i needed to have two jobs just to get by.

Now how the hell can someone have seven jobs in one week actually?

So I decided to investigate this further and found something very interesting and life changing. 

Robert Kiyosaki explains it best.

Everyone thinks they should be working for money... but that is wrong in so many ways!

Your money should be working for YOU and not the other way around. 

Wealth = Time + Money 

Firstly, we really need to financially educated ourselves better.

We spend so much time educating ourselves about who is in the Blue Bulls team or the Sharks rugby team for example.  We study them, even get obsessed about them and how they play.

But when it comes to understanding what money actually is and how to use time effectively with your money, this is often overlooked by the everyone. 

If you can learn to accept and to Invest 10% of your monthly salary into something that actually puts money into your pockets, instead of spending it on something like those disposal experiences that we all MUST have. 

Then soon you will end up with more than one income stream. 

Look for the Robert Kiyosaki - Rich Dad Poor Dad book for only R150 at any Exclusive Books store... It is generally found behind the counter, by the tills.

Because it is a world's best seller and yet so few people I know have actually read it. 

OR

Just go onto YouTube and look for the FREE Audio book called Rich Dad Poor Dad and listen to it. 

This Audio book is only 3 hours in your life and Robert Kiyosaki will teach you something so valuable and life changing that you wish you learnt years ago. 

At least share this information with the younger generation, they really need more than a little help to make it in this crazy world. 

Furthermore, I can not understand why we had to read Romeo and Juliet or Macbeth at school instead of this one single most important book about financial freedom. 

But then what does a Warner Beach Surfer dude like me know.

 

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The CaravanParks.com Team
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07 Jun 2018 @ 23:46:48 pm
Danie-SLK
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So Gonnie we will agree 100% that we need to be taught not to be afraid of money and that comes out clearly in the book. I remember years ago someone said that part of our income every month is your's to keep and you can use it to invest and you don't have to spent it. Further it was said that the difference between someone in business and drawing a salary is that you know next month you get the salary so you might as well spent it all. There lies the big difference.

I feel finacial common sense can be taught at school level as we all have to use it - much better than career guidance and some other general stuff. But hey - it's been a long time since I left school so I don't have a clue what the kids do these days.

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08 Jun 2018 @ 00:00:41 am
Danie-SLK
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Very interesting video on how top hedge fund managers trade - also of prime importance is the fact that if more and more people follow the same strategy the hedge is lost as people get into each others way. That is his opening statement.

Jack Schwager - his book "Hedge Fund Market Wizards"

https://www.youtube.com/watch?v=AqCOw-pja7E

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08 Jun 2018 @ 00:20:51 am
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This was July 2015 at Durban ICC Robert Kiyosaki and his "Dream Team".

It was a very emotional day for me.

I had followed this man's teachings for just over 15 years back then, learning how to build a successful business and life.

I finally got to meet him personally and thank him for his mentorship.

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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08 Jun 2018 @ 11:30:38 am
Proffie
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For an easy lesson in personal finance and wealth, a very good starter is the book written by John (?) Clason in 1917 called 'The Richest Man in Babylon'

Easy read, basic financial lessons by way of a story against the background of ancient Babylon.

One of the best books to give to your child to read to launch their interest in financial prowess.

Highly recommended.

Jesus saves all who do the will of the Father Matt 7:21-23
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08 Jun 2018 @ 11:56:52 am
Danie-SLK
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08 Jun 2018 @ 12:59:20 pm
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Danie, perhaps this is true or perhaps it is fake news again designed to slow down this massive new market.

This is exactly what they did back in the 1990’s when the Internet was invented. The “select few” need to have this biggest stake in it before the masses get in control, so they spread fear and hate first so they get in big time. Soon they will be telling you how exciting it all is and you get in late, as per usual making them very rich all over again.

But that said, Bitcoin itself has never been hacked, NEVER and you may find some fake news again, but as the community has stated it is said to be impossible to do. Also a multi-billion bounty is available for anyone who successfully does get it right.

Various exchanges and other coins have most certainly been hacked and this must not be confused again. It is important to understand that just because a “cash in-transit” truck was hijacked, or a bank gets robbed, this does not mean that the Rand itself is now worthless.

"Find a job you love, then you will never have to work again!"
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08 Jun 2018 @ 13:25:25 pm
Danie-SLK
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Gonnie would you say the investor who was named that lost over $30mil in BTC and then invested about the same amount back is also seen as fake news? It was also in Japan.

The news item above is from Investing.com under their news section. I will not laugh it of as FAKE NEWS.

Scary to think all you need is a phone no and email addy to open an account. I do belief the know you client is a valid point in the world of crime today just as our RICA and FICA.

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08 Jun 2018 @ 18:08:09 pm
neef Herman
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Proffie, die eenvoudige boekie, Richest man in Babylon , is nog steeds die resep vir vandag, al is dit outyds geskryf.

Persoonlik is die beginsel gebruik, om eers myself te betaal, en dan die res. So bere mens elke maand 10% van jou inkomstse vir jouself. Bele goed en kyk wat gebeur na 30 jaar.

Ek beskou die Crypto currencies dieselfde as die Tulpe storie wat Holland gehad het. Sommige bolle was so waardevol as n huis se prys,  totdat vraag en aanbod........

Of wat van eksotiese wild, vraag en aanbod weereens.  Vandag kan jy enige kleur Springbok kry vir R 750.00.

Of n TB vrye Buffel kan jy nie eers weg gee nie, ruk gelede was dit R1m vir een, vraag en aanbod weereens.  Al die telers het aan telers verkoop totdat daar nie meer nuwe telers op die gravy trein klim nie. Nou is daar Buffels wat niemand eers wil jag nie, en oornag is hulle bokkerol werd. Maar die teler het n kudde wat bitter baie miljoene op papier is. Is papier ook eintlik dan maar Crypto currency ????

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08 Jun 2018 @ 20:31:51 pm
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Firstly in the second half of this above article it was an exchange in Japan that got hacked this time just like many other exchanges in the past, including the famous MtGox exchange and not Bitcoin itself.  This is why it is important to buy on a reputable exchange, I am sure I mentioned Luno.com previously as a great exchange and yet I am not saying they are not hackable.

Then in most other cases (non exchange related cases) it was "fake or fraudulent companies" selling cryptocurrencies to uneducated people.

That BTC Global is an example here in South Africa were fraudsters scammed so many people out of their money. 

So it was not the actual Bitcoin or it's own BTC Blockchain that was hacked, but a company that "ran away" with all the bitcoin they promised the people who were scammed. 

You can not say because your wallet has been stolen in a pub, only because you left it vulnerable or not secure enough and then say the RAND or Dollar as a currency itself has no value or is risky. 

Don't get me wrong...

I love this topic that outlines the actual value within BTC and the Blockchain technology itself compared to all other currencies available today.  Including the Dollar and the Rand.

Most other cryptocurrencies provide a much lower "hash rate" ultimately making it more vulnerable than BTC in the end. 

This is also why BTC is a little bit more expensive to trade with, compared to other cryptocurrencies, because you are paying for the actual safety within it.  Ultimately the increased hash rate to mine that transaction cost is a little bit more because it is more difficult to validate each transaction.   This is why it takes a little longer to process as well.

In the end, BTC is actually very very safe... but it is where you keep your BTC that becomes questionable. 

 

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The CaravanParks.com Team
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16 Jun 2018 @ 17:34:08 pm
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Andreas is one of the most respected in the Bitcoin community. 

He provides world class information about Blockchain Technology.

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The CaravanParks.com Team
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24 Jun 2018 @ 12:03:07 pm
Danie-SLK
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Ouch!!!!!! Below $5900 from the $20000 high in in Dec 2018.

 

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24 Jun 2018 @ 15:34:18 pm
Fred
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I think Bitcoin can only be seen as a piramid scheme erroneously named currency.  The reason for the exceptional past growth is obviously the same as for any piramid scheme namely the hope that many more people will invest and therefor I will make money.  Currency on the other hand is a safe haven where you can park your money with the expectation that it will more or less keep its value and only fluctuate because of clear reasons like the perceived value of a country's economy.  I would not be surprised if Bitcoins strikes bottom and the present owners loose everything.  If this happens, other will surely follow. 

An international currency might, or might not be needed, but it should really be n entity that keeps its value.  The Euro tries to be such although on a smaller scale and even it constantly threatens to fall apart because of the change in the economic viability of the member countries.  But I think a viable international currency is still far in the future because of numerous highly technical issues that at present have no clear solution.

Het is beter rijk te leven dan rijk te sterven
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24 Jun 2018 @ 17:30:21 pm
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You accumulate at these lows.  Buying at this incredible discounted price is only going to help your Dollar Cost Averaging. 

My friends THINK I am crazy, it is a good thing they have started to THINK.  THINKING is actually very healthy for them you know. 

I follow many top investment channels about crypto and they all say the same thing.  When others are doubling down and selling to get out.... you know that it is a great time to buy. 

It has been said we are in a similar cycle as 2014.  So perhaps we are lucky enough to have a few more months to accumulate. 

So while it is low and just before massive institutional money comes in you buy up as much as you can.

I am not a financial advisor, nor your wealth coach, so please do your own research on this topic and do not take my uneducated opinions as truth.

Because If you did a few months ago, your portfolio would have lost about 50% of its value or more....

Hahaha... like mine is right now.

Hang on... my wife thinks I am talking crypto again ... I talking about World Cup Soccer my babes... cheers I gotta go.

 

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The CaravanParks.com Team
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24 Jun 2018 @ 18:13:56 pm
Danie-SLK
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Good for your buying down but one must at a point also manage the losses and not just go on some people's forecast. The same one can say of all those who indicated gold will go to $3000 and that is just never going to happen.

Fred there are good reasons to have some crypto currency but I don't think the time is now while the trend is clearly down since the massive cramble to get in during Dec when it hit $20 000.

Time will tell but I would stay wary of forecasters which I still see as a pyramid scheme and fooling a lot of people. For me the sad thing is when there is trouble you get every Tom, Dick and Harry suddenly becoming advisors to get all their friends into something as risky as Bitcoin. The same patern is mostly repeated before the crash of most ponzi type of schemes.

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24 Jun 2018 @ 18:38:33 pm
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Thanks Danie, we must be careful of all these crooks in the world.

Pyramid Schemes are real and no one should have been sold a lie.

Please give some advice in this development on Bitcoin from the SEC on 6 June 2018.

Perhaps letting us know who the SEC is and what you think they are doing with Bitcoin after this announcement. 

 

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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30 Jun 2018 @ 10:30:37 am
Danie-SLK
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Full article is on "mybroadband.co.za"

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30 Jun 2018 @ 12:10:33 pm
Fred
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I read a few days ago, that Bitcoin was paying influencial people and organisations to say positive things about Bitcoin in an effort to try and reverse the swing away from this pyramid scheme.  Therefore, if I read such articles, I take it with quite a large pinch of salt.  This article in MyBroadband (https://mybroadband.co.za/news/cryptocurrency/266587-this-graph-shows-why-bitcoins-price-will-go-up-again.html) probably is one of them.  The fact is that most of the thousand or more so called crypto currencies, have dropped to the bottom and many in fact are worthless at present.  Bitcoin, being the biggest, have not fallen that far....yet, but I would not bet on it not going that way.  It has also been said that money launderers and other criminals took to Bitcoin in a large way as there is no paper trail to follow.  If these persons loose all, I don't think anybody will sympathise.  Ordinary good folk who invested surely knew that they were taking a chance on a pyramid scheme and as such that they would eventually loose out.  If somethings looks like a skunk, sounds like a skunk and smells like a skunk, it IS a skunk.

Het is beter rijk te leven dan rijk te sterven
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30 Jun 2018 @ 15:27:53 pm
Danie-SLK
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Fred what is very interesting is that the graph you mention as well as the article I posted a portion of indicating some cryptos are worth nothing appeared on mybroadband.co.za but was written on bloomberg.com.

They were only a day apart. Not much could happen from Friday to today with most exchanges closed.

As you indicated this is one of the most traded highest risk schemes.

It is always good to get the opinion of different clever people when it comes to trading. This article also shows it to go down. One could easily be sucked in by those bullish on Crypto.

The 1 day chart is shown and the 4 hour chart also paints a bearish picture. Written on 29-06-2018. The $ might be getting some headwind after the great run the last couple of months which might support BTC a bit. The weaker $ might also help the rand for a few weeks before it weakens again. My 2c ........

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30 Jun 2018 @ 16:12:45 pm
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Hahahhaha... Yes, the criminal effects in the news is just to slow it down... this is just what they did to the Internet during the 1990’s and every single new market after that and since that...   Oooo cell phones, they make it easier for criminals too. 

I lived through the Dot.com bubble...  and CaravanParks.com was not a Pets.com either.

Keep it low for a few more months please... it allows "us in the know" to accumulate as much as we can for longer at this massively discounted price.

Big money is still not in...   By the way... the US Dollar is also used for crime, same with diamonds and what about other currencies like the Rand, the Pound and so...

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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30 Jun 2018 @ 17:24:21 pm
Fred
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Only time will tell whether people like me were alarmists or people like you were wishful thinkers Gonny.  As I am not invested, I am but a sceptical outsider- let's hope you are right.

Het is beter rijk te leven dan rijk te sterven
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30 Jun 2018 @ 19:39:01 pm
Danie-SLK
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I agree with the good reason to move away from normal currencies it is only the hype we saw and the fact on how mining is taking place without a proper asset. I have contact with some traders as well as money managers and not a single one shares the hype and alllll the good things around Crypto. Need I say more than taking a lead from other clever people.

Gonnie I fully support your way of buying when low and follow through. The only problem is are we dealing with a real asset or the hype around nothing that just sucks in as many people as possible. I agree with your example of the internet but one would not like to be caught in the crash that followed the Dot.com bubble. There was enough time to get in after the crash on the way up.

As you are trading I still like to use the 20 day moving average to see something moving up and buying the dipps in the up trend. BTC is now in a down trend for 6 months and who knows where is the bottom. You will notice during crashes the clever guys wait for the recovery even if it means buying months after the bottom.

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30 Jun 2018 @ 23:18:20 pm
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Well I am a born optimist... but even without that personal power, I have done some extensive research over the last year. 

Firstly, main stream media would not talk about Bitcoin this positively if it was a Ponzi or pyramid scheme.  You really shouldn't talk about it like that either.   We don't mind you saying it can be used for criminal activity, like all currencies already do, but a pyramid scheme was Bitconnect, don't get confused, it was also just a tool to confuse people and slow down the whole process. 

Everything is perfectly calculated to ensure a slow, steady adoption rate, they can not have a fast mass adoption yet, the current infrastructure can not handle it all yet.

Secondly when everyone is too scared to buy, it is generally very cheap and that is the best time to buy and buy a lot.

Thirdly, I will only put money in that I can afford to completely lose if it goes to zero...  But that's not going to happen, just like the internet and email was not going away when so many people said so in the 1990's. 

This is banking and finance, or Internet of money.  The federal reserve has already given the green light... unlike Gaddafi and Saddam's ideas. 

Below is CNBC, the main stream media, who has a show about Bitcoin every night.... It can not be a ponzi or pyramid scheme if it is on the CNBC NEWS channel every night. 

My prediction... USD35000 by the end of this year very easily, even USD50000 if not a little more. Unless big money wants to "short it" for a bit longer... well then I just buy more for longer just like them.

2019, we should see USD75000 and the year after that 2020 perhaps USD250000 if not a bit more per BTC, some have called USD 1 MILLION per BTC.

USD5800 is the bottom as far as I can predict.   I really shouldn't predict anything... I am no way sure or certain about this... I am only using calculated guesswork and my gut feeling. 

Let's see in the next few weeks...

I last made the call for the bottom to be USD7800.... I was wrong... now we just need to break above USD7800... then the bulls should be in control again... and I get to buy my motorhome as planned. 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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01 Jul 2018 @ 09:03:49 am
Fred
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Gonny, What you are describing, or rather hoping for, certainly is not currency but something rare and of perceived great value like a van Gogh painting.  Crypto "currency"certainly is not that.  Also your comparing BC with internet and email is comparing apples with rocks.  Two of them have value because of their usabilily, the third I am not so sure about. If you make your dollar, I would be glad for you but I would be surprised if this will continue.  Interesting discussion and interesting to keep watching.

Het is beter rijk te leven dan rijk te sterven
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01 Jul 2018 @ 15:03:23 pm
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Thank you Fred, but comparing EMAIL to BTC is actually very consistent in the crypto industry and is used by all the top boys. 

They are both electronically based and both sent over the internet via an internet protocol (clever code).  i am not sure why you referring to rocks here actually.

Fred, Obviously I do hope my investment pays off... but more importantly I was hoping to share my knowledge about a massively changing world in finance with those who also deserve a better retirement or information about this subject. 

I am very IT savvy and built a few internet communities and/or businesses over the last 20 years based from within the Internet. 

So now when comparing my little internet business with IBM who recently partnered with XLM (know as Stellar Lumens) a cryptocurrency, or Microsoft who has an Alliance Partnership with ETH (known as Ethereum) also a cryptocurrency or even Samsung who has partnered with ICX (known as ICON) also a cryptocurrency, then my ears start to stand up... and I listen to learn. 

I do however appreciate and value your views, it is very healthy for others and myself to not just blindly invest without looking into all the disadvantages associated here.

I have done some extensive research and I am very excited to know that these massive companies are heavily investing in this space, they are purposeful talking negative smack to the public, because they want it cheaper before the masses drive up the price.

Once they have their ownership and are suitably invested, then only will they use the media (who they own) to market the shit out of it and then only will the public drive up their shares.  You wanna buy before the masses do.

Anyway,  it is Sunday and I am teaching my 11 year old son how to take apart his XBOX 360 so that he can, firstly get all the dust out of it and secondly, learn how he is going to replace the CD Rom that is currently faulty... LOL

I LOVE YOU ALL..  happy Sunday!

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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01 Jul 2018 @ 21:52:36 pm
Danie-SLK
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Gonny, What you are describing, or rather hoping for, certainly is not currency but something rare and of perceived great value like a van Gogh painting.  Crypto "currency"certainly is not that.  Also your comparing BC with internet and email is comparing apples with rocks.  Two of them have value because of their usabilily, the third I am not so sure about. If you make your dollar, I would be glad for you but I would be surprised if this will continue.  Interesting discussion and interesting to keep watching.

Fred we seem to be on the same warning level side but great to hear the other view and the reasoning.

The moment I see predictions like the ones shown above of moving from below $6 000 to $250 000 or even $1mil in just over 2 years it makes me worry that there are those that belief these predictions. As with anything that is too good to be true there is also the 50% possibility of it moving in the other direction and continuing the move of the last 6 months.

We will all be watching the space and good luck to those that ventured where others fear to thread.

 

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02 Jul 2018 @ 06:31:09 am
Leon
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Those that is part of this bitcoin thingy magigy. You are brave or have spare money to through around.

I for one is not that brave neither do I have any spare money laying around.

Enjoy if it ever works out for you.

Sonder Jesus is ek niks! ! ! !
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04 Jul 2018 @ 21:52:16 pm
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Why is it that when ever I invest in TRON I only get less than a 2% gain, over the last week...?

This TRON is really is my LOVE to HATE crypto... 

But then again, Justin Son, the lead person behind this crypto project is a very influential person in China, especially with the youth, so I suppose I must be a little more patient with this one.   Common Tron... be as big as China. 

Well at least my other cryptocurrencies did relatively ok during this last week as per the screenshot... and we are only now getting going again.

Most people will take profit with nice gains like these, but not us crypto crazies this 30% gain is far too little, even in one week.

Anyway, we anticipate BTC to get to USD7200 before any retracement, then perhaps down to test $6000 again, then off to 7800 then break to the moon.

Let's not forget that Institutional money is not yet in all the way and CoinBase, a major American Exchange, has only in the last 2 days launched a facility called CoinBase Custody Services as mentioned in Bloomberg yesterday.   This provides an insurance & security facility/policy for big investors with more than $10 million USD at a time.

The Federal Reserve and The Security Exchange Commission have only recently begun to institute regulations into this market.  Once all regularly laws are fully in place, then only will the mass market feel it is safe enough to enter.  By then we will be well past $12000 or $15000 USD per Bitcoin again.

We are early, very very early!

My reason for this topic is to allow you the ability to quickly understand and learn everything I have learnt over the many many months of research. 

I am not a financial advisor nor your wife.... Do your own research before investing in this amazing but volatile market. 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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04 Jul 2018 @ 22:09:43 pm
Danie-SLK
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Good for you. The graph for BTC is looking better and if it can close above $6700 then it should go higher. The $5830 low could well be the low.

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04 Jul 2018 @ 22:29:38 pm
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It is going to test that $6000 again... but I don't care... I will Dollar cost average until about $12000 USD.

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04 Jul 2018 @ 22:39:01 pm
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The mobile app I used as a screenshot is called CoinMarketCap found on GooglePlay or iTunes.

The web site is CoinMarketCap.com - This is the one stop overview of all cryptocurrencies.   Remember 90% of the listed coins are Shitcoins... so be carefully when getting into the market...

It is purposefully made to be overwhelming  full of shitcoins to put you off at first, hoping to make you so scared to enter and you only decide to invest much later....

Otherwise mass adoption will be too quick and easy and this whole market requires longterm adoption, over 10 years or more, because it is a massive revamp of everything money and banking.  They purposefully made it overwhelming to slow it down. 

This App or website is only the overview of the entire market, NOT a trading exchange or account.   Only an overview of all cryptocurrencies and tokens and many scam coins. 

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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05 Jul 2018 @ 00:23:14 am
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HOW TO GET STARTED 

Personally I use Luno.com and AltcoinTrader.co.za as my first point in to this market place.

I like the Luno.com APP, it is backed by Naspers (same company as Multichoice / DSTV) it is how I go from ZAR to BTC or ETH, but then I transfer it all into my Binance.com (Level 2) a very big and complex Exchange.  I use them to swing trade and day trade.   You do NOT want to DAY TRADE at all to start with!

I have lost a lot of money learning how to trade. Stick to the easy Level 1 stuff rather and learn to save money only. 

Level 1

Think of it as opening a bank account.  You will need you ID Documents and proof of Residence just like opening a normal bank account. 

Remember everything is also linked to your TAX and you must consult your accountant about declaring future profits. 

Transfer ZAR from your local bank account into your Luno or AltcoinTrader.co.za Account. This is done as per normal everyday Internet banking, as everyone does currently everyday to transfer money from one bank account into another.

Once your money reflects in your Luno or AltcoinTrader.co.za account (1 to 2 hours later in most cases) then you can exchange it into BITCOIN or a different cryptocurrency, similar to exchanging from Rands to Dollars or Pounds. 

Luno currently only supports BITCOIN and ETHEREUM currently.  Nothing wrong with these two safe currencies. They are solid and safe and are well adopted worldwide. They do offer a slightly safer option, but also perhaps a slightly lower return rate compared to other newer cryptocurrencies.

BITCOIN, ETHEREUM, LITECOIN, RIPPLE, CARDANO, DASH, ZCASH and a few others and are available on AltcoinTrader.co.za.   This exchange is similar to Luno and also relatively easy to use.

Think of each of them as a "piggy banks".   Try not to move money around "in and out" of currencies,  as it will costs you fees each time you move cash around. FEES are sometimes higher for one crypto and lower for another crypto. 

Decide on a split... EG  35% BTC, 15% ETH, 15% LTC 15 % ADA, 10% DASH, 10% ZCASH.

Each month just add to your portfolio.  If you have R500 per month, just split it into one or more of you investments, but add as much cash as possible into this "Savings".  You will thank me later. 

The Rand is depreciating eevery day, while cryptocurrencies are growing at a much higher rate than you can imagine.   When comparing Year on Year. 

The world is transferring from the old system into the new system. The old system is massively corrupt and it is actually expensive to keep your money in the banks. Cryptocurrencies accounts are pennies to the Dollar incompatible.

Learn "Dollar Cost Averaging" and learn which investment grows faster than the other.  You can keep track of the crypto values from that CoinMarketCap APP the  same screen shot I posted two replies earlier.  Learn what each crypto stands for...  for example XRP Ripple is going to replace SWIFT (cross border money exchange between banks).

Most importantly you must learn to not touch your investment for a few years. 

I have decided to not withdraw anything until 2022, and even then I will only be taking a little out at a time, but it will be massive by then.

LEVEL 2

When you get your confidence up and ready to lose some real money very quickly.  You can learn what is known as "how to have a Goose that will continually lay those golden eggs" but at greater risk. 

You can learn how to trade. I have lost a lot of my money learning how to trade these markets over the last many months. 

But I understand it much better now.. i also know she is ruthless and very unforgiving. 

As a brief, you learn to TIME the markets, try understand the CYCLES, know what influences the markets UP and DOWN, find the HIGHS in the cycle and SELL when high, only to BUY back in at the LOWS again. 

Eg: sell 1000 whatever coins at $20000 but back all back in at $10000, but now you will have 2000 coins.

Essentially doubling your coins, then you can confidently sell 1000 as "profit taking" and still get to keep your orginal stack of 1000 you started with... never reducing your original 1000 starting stack going forward..... hahahhaa what ever... or lose a couple of thousands of Rands trying it..

Hopefully it goes down and not up.... because you can easily end up buying back at a higher rate than what you sold for before... making your original 1000 coins only being 700 now for example, giving you a 30% loss instead, essentially kill your goose.

Hahaha not as easy as I just explained. .. but that is the actual idea I think.... I don't even know this well enough to give any advice on this. I don't know if I have really got this right yet, I know I made some good calls and lots of bad calls already.... but then I am an absolute amateur and not even using technical analysis of my own. 

Rather stay on Level 1 like me now again...

I lost way too much money learning day trading... so now I only swing trade and hold for a the long term instead.... this seems a little safer and less depressing...

Store of wealth for 3 to 5 years.

Day trading is trying to time about 10 to 20 trade cycles each day over a 5 to 15 minute period per cycle,... what ever... rather go spend your time and money on the beach and buy everyone you see around you ice creams instead. Much more rewarding. 

Swing Trading, similar to day trading.... but when you trade over a few days or weeks or even a month or two per trading cycle... trying to Sell HIGH and then trying to buy back in at a much LOWER rate...essentially increasing your stack of coins....  much less stress and less losses because you are not pressured to hurry back in.... but this is not as easy as it sounds either....

Just start by download Luno from APP STORE and us it as a piggy bank instead of saving money in a savings account. 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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06 Jul 2018 @ 16:34:44 pm
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IBM To Develop Blockchain And Tech Initiatives For The Australian Government

The IBM company has won a landmark contract offered by the Australian government to develop blockchain and other digital initiatives for the country. The announcement was made on Thursday, June 5th, and indicated that the deal was a five year contract that was worth AUD $1 Billion or approximately $740 million. This contract is part of the Australian government’s efforts to have the country become one of the top 3 digital governments in the globe by 2025 through investing in the research and development of blockchain technology, quantum computing as well as artificial intelligence.

David La Rose, the Managing Director of IBM Australia & New Zealand, expressed the willingness of both the government and IBM to transform the future with respect to technology.

The exact details of the contract and partnership were not disclosed but IBM already has agreements in place with four federal agencies in the country. This new contract, spearheaded by the Digital Transformation Agency (DTA), will allow the partnership to expand to the remainder of the government.

One of IBM’s notable partners in the blockchain industry, is Stellar (XLM). IBM is already currently using 9 Stellar nodes as part of its backbone to settle cross border payments across the globe.

The same IBM has used the Stellar blockchain together with Veridium Labs, to create a token economy for carbon credits on the blockchain. This project will allow for transparent and secure tracking of carbon emissions from big companies and institutions to further aid in the reduction and eventual elimination of the green house effect that has been blamed for a lot of climate change.

"Find a job you love, then you will never have to work again!"
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06 Jul 2018 @ 16:48:50 pm
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This Bitcoin thing is BIG....
I said it before... Bitcoin is only the “carrot” in front of this crypto cart.

Bitcoin itself actually uses stupid simple technology when we are comparing it to all the other crypto currencies available in the market.

But for the sake of the billions of very simple people in this world, it is just easy enough to refer to one word. BITCOIN - and this is the latest hype word.

Other crypto currencies like Stellar (XLM) will take institutional money into places we can not imagine...

Well done Australia.

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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17 Jul 2018 @ 22:20:19 pm
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Bitcoin is running like SHAD at Isipingo beach tonight.
This 2018 Q3 & Q4 is looking very exciting, never mind 2019 or 2020.
Well I would have wanted a few more low months just to accumulate a little more.

But Let’s go sunshine... Let’s go...

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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06 Aug 2018 @ 17:58:26 pm
Danie-SLK
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So far Bitcoin is behaving like Rhodium in 2008. After going up from $1 000 to nearly $10 000 in 2008 we look 10 years later and it is just moved through the $2 000 level again after a brief period in 2010 that it also went through $2 000.

Lets hope for those who banked on BTC it is not going to be the same 10 years from now. So far we are seeing lower lows being formed after each up tick.

 

Bitcoin over the last 12 months.

 

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07 Aug 2018 @ 09:06:50 am
Fred
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At the moment Bitcoin and similiar entities try to be two things at the same time: currency and a pyramid scheme making huge profits or losses.  I am not familiar with the reasons for creating these, but I would guess it would have been the former.  The excessive fluctuatuation, I think, will continue until such time as people going for the latter reason, leave the schemes because of their inability to profit from it.  Then these entities will become currency which I think will serve a very good purpose. Then you will be able to park a thousand rand and in a year, two or even ten, it will still have the same buying power as opposed to the Rand which will probably have devaluated by a large margin.  And international commerce will be able to be done with certainty.  At the moment, if you negotiate on a price for an article bought from overseas, you probably agree to this is US dollars.  By the time you have to pay for it in say six months time, the value of the Rand might have dropped ten or even twenty percent, which means you have to pay much more that you had bargained for. If you agreed on the other hand, to pay in a stable international currency like Bitcoin, you probably already would have had a lot of your cash in that currency instead of in Rand, as this will surely become the currency of choice for just about everyone, and you will not be caught with your pants down. It is difficult to hold foreign currency at the moment because governments have to protect their national currencies, but with a bona fide international currency, this might not be possible of even desirable from a govermnet's point of view.

Het is beter rijk te leven dan rijk te sterven
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10 Aug 2018 @ 17:25:54 pm
Danie-SLK
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Dis darem maar vrek baie geld wat verloor is sedert die Des/Jan enerme styging van Bitcoin.

Volledige artikel is op www.mybroadband.co.za

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10 Aug 2018 @ 20:31:51 pm
HM
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Looks like bad news for investors in Bitcoin??

 

The Happy Campers.
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11 Aug 2018 @ 13:13:17 pm
Brommer
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Ja wel iemand het wel geld gemaak ;-) Daar is altyd, MAAR ALTYD, IEMAND WAT WEN, EN IEMAND WAT VERLOOR.. DIs skaal is daar en hy doen sy ding.. Jy kan nie GELD MAAK en IEMAND ANDERS VERLOOR NIKS... IEMAND WEN GROOT, EN IEMAND VERLOOR GROOT


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11 Aug 2018 @ 19:33:54 pm
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When it is down you buy, when it is up you sell.   Simple. 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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11 Aug 2018 @ 19:48:15 pm
Leon
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I don't have money to play with non stop. When I do I use it to go camping (Priceless)

Sonder Jesus is ek niks! ! ! !
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11 Aug 2018 @ 21:23:27 pm
HM
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When it is down you buy, when it is up you sell.   Simple. 

One will have to hold on to those coins for quite a while to make a sizeable profit. But then, when you are young you can take risk and recover from losses. 

The Happy Campers.
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12 Aug 2018 @ 08:01:28 am
Fred
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When it is down you buy, when it is up you sell. Simple.  The problem, like with shares, is, there is no indication when they have reaches a lowest point nor when they reach a highest point. It is just a guess, lucky for half, unlucky for the other half.  Not so simple!  If it was, nobody would have made any profit not suffered any losses.  The price would have stayed constant.

Het is beter rijk te leven dan rijk te sterven
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22 Aug 2018 @ 23:15:02 pm
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When you in doubt, don't get involved in any investments.  But when you sure that it provides a real world use case, then buy extra shares, try buy a lot extra. 

Always try and buy shares during each dip, you can simply download the Coinmarketcap.com APP to track the various cycles.

I personally have not been able to always buy down at the dip.  In fact, I bought some BTC at $20k in December 2017 and i am still not fussed about it at all. 

Dollar cost averaging is my friend and we are so early that by 2020 this little mis judgment will be laughable in the end. 

All the 2010 to 2017 investors are regarded as "fringe investors" or known as those who got in long before the "early adopters".  Early Adopters are those who only get in between 2018 and 2020 or so.

After this comes mass adoption, when the rest of the world partakes in a technology they cannot do without. This is similar to how email replaced letters that had to be posted at a place called a post office, when last did you visit one if those things?

Kids today will probably never ever post a letter ever again as their main form of communication between their own friends. 

Similarly in the future, they will not pay with actual cash or even go into an actual bank itself, just like they don't visit a post office to send mail these days.  All transactions will be done via a digital currency and directly from their own cell phone.

Sovereign National currencies are all going to collapse in the coming years, mark these  words.... from the example of the Zimbabwe Dollar to the recent examples happening in Turkey, Venezuela and Argentina.   

Like it or not but the South Africa Rand and even the much latter on, the US Dollar will be gone one day.

I am 45 years old and lived through the creation and introduction of the personal computer and later enjoyed the internet boom of the 1990's and then watched how smart phones replaced fixed line telephones and now smart phones are even replacing the actual TV. 

Soon your smart phone will also become your own bank account and replace your actual bank you currently bank with, just like the post office has been replaced.

Here is a little video that I watched tonight...  it came out today actually.

I thought someone else might find it interesting, it's a bit boring in the beginning, but it quickly talks about various patents lodged by massive corporations including the NYSE and Rothschilds that forms a platform for a solid new financial system. 

Hopefully this provides some information about how the richest people in the world have already invested in this new financial system.  It should provide some light on just how early we are still here in this new financial system that is currently being created around us.

If anything, tell you kids or grandchildren to learn and understand this new financial technology.  Creating a career for them within this sector seems very promising I would presume. 

Afterall, this is the new Financial System and learning anything financial can only benefit them.

XRP will be replacing the current inter-bank  cross border payment system, we know this system currently as SWIFT. 

This SWIFT system has been around for over 40 years and it is completely out of date, expensive to maintain and has too many intermediaries (hands handling the actual transactions). 

This new XRP system is what most major banks worldwide have now already adopted and it will launch during Q4 2018. 

It will provide instant transactions in transferring funds from one country to another.  The current SWIFT system can take up to 5 to 10 days, but 3 days is the norm depending on the country and if you lucky. 

XRP transfers will be as quick as sending an email from South Africa to UK for example, but instead of an email it will be funds being sent directly to the person you wish to send money to, just like sending an email.

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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23 Sep 2018 @ 00:35:39 am
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I really respect Mike Maloney.

I have been following this man for years now and have learnt so much from him. 

I hope you find something interesting in this interview. 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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23 Sep 2018 @ 08:28:27 am
Fred
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My point still is that Bitcoin is either an international monetary unit or a piramid scheme. It cannot be both at the same time. At the moment it is the latter and while being thus some people will make money and some will loose it but nobody will regard it as as valuta. A piramid scheme depends on more and more people investing allowing the first-ins to take money away from the johnny-come-latelies. There is no magic money that appears from thin air.  What one gains is what another looses. These dry up eventually and then the scheme collapses.

To be an internationally accepted monetary unit, it needs to keep stable.  Until such time only people hoping to make a buck will be interested.  Once or if it becomes stable, such people, like you Gonny, will no longer be interested to the same degree but you will probably still use it for the stability- which it does not have now- it gives to your nest egg.  At the moment you are investing money you can afford to loose but hope to increase, not your total liquid asset, as you crtainly do not want to take a chance of loosing this.  Once it becomes stable on the other hand, it would be wise to do this rather than keeping it in Rand or whatever which in our case, is inclined to loose value.  I do hope this will happen as it would be to the benefit of all mankind.

You clearly are an intelligent person hoping for the magic ride to continue but who knows it will not, so I am sure you know what I have said is true.  I do not begrudge you trying to make a buck- we all do, but eventually this is opportunity is going to dry up and I hope this is not before you retrieve your losses.

And with this I am ending by unpopular lectures on crypto currency.

Het is beter rijk te leven dan rijk te sterven
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23 Sep 2018 @ 10:28:22 am
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Thanks Fred I appreciate your reply and point of view on this topic.

I sometimes don't know if anyone is actually following or understanding this crazy topic.

But as long as I share my knowledge I feel complete. 

Please note: When I refer to Bitcoin, I am generally talking about all cryptocurrencies.  Bitcoin is but the carrot in front of this crypto cart and many (not all) cryptocurrencies are about to be regarded as a new ASSET CLASS.

Our world has not see a new asset class since the invention of the stock exchange and/or Government Bonds etc...  that's well over 100 years ago, so this is the main reason so many people just can't understand this new monetary system. 

The Elite took out Gadaffi, Sudam Hussein and anyone else who challenged their monetary system.   The question should be why are the Elite supporting this new money system... or rather why have they not tried to shut it down.

Perhaps is it time for them to hide or transfer their own wealth into a new system they created where no one can confiscate their wealth?

Yes Fred, Bitcoin is an International monetary unit.

All Cryptocurrencies are currently down at the moment, only because "Market Makers" are currently driving the price down as they buy more each month. 

Market Makers are investors who place their buy orders below the current market value, essentially driving the price down while weak hands sell out.

Once all weak hands have been flushed out the system leaving only experienced investors or investors who understand and believe in the new economy. Then only will the price increase or even stabilize again. 

This is going to take many years of volatility perhaps10 or 15 year of volatility only because most people are stupid, most people are weak and so many people are slow to fully adopt and adjust. 

Apparently Bitcoin found the bottom between $5700 and $6300 in this 2018 downturn cycle and the market has very little weak hands left to flush out.

Perfect timing... because apparently or rather with high probability during October 2018 the Chicago Board Option Exchange (a massive Stock Exchange in USA) and many other Exchanges will open Bitcoin and other cryptocurrencies as a new ASSET CLASS for their customers to invest in. 

This is NOT how a PYRAMID SCHEME gets launched.. small time scammers play with pyramid schemes...

Stock Exchanges play with ASSET CLASSES and Bitcoin and a few other cryptocurrencies are soon going to be listed for sale by them. 

Once this opens on exchanges around the world... then only can things like Eskom Pension Schemes and other big investment schemes legally invest or access this new Asset Class and cryptocurrency market. 

This will bring Trillions to this market and I think it will look good for those who invested early. 

I hope this helps someone further understand this crazy topic...

Have a great Sunday. 

 

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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23 Sep 2018 @ 21:24:33 pm
Chris Boucher
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I know nothing about Bitcoin or other crypto currencies. And I do not want to learn about such things at my age. I hope those who invested in it will eventually get at least get their investment back - but even better, I wish them fortunes to be made. Call me a 'banggat', but I will rather stick to the investment tools familiar to me - and hope I will not feel like kicking my own 'banggat' in future.

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23 Sep 2018 @ 23:32:57 pm
Danie-SLK
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Like Chris says = "banggat" Normally statements like these below lure people into buying something to make a lot of money. Me I will wish holders good luck as they wait for BTC to go up from $6 600 to $500 000

Turning $1 000 into $220 000 is making serious money.

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02 Oct 2018 @ 16:17:53 pm
Fred
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Perhaps the new trend of Stablecoins will eventually become an international currency of value as opposed to the present yoyo schemes.  Obviously it will not appeal to people out to make a quick buck off other investers, but it might get nearer the stablility needed for a unit to be accepted as real currency.  Let's watch and learn.ablecoins

Het is beter rijk te leven dan rijk te sterven
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02 Nov 2018 @ 22:49:24 pm
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I provide this latest video from the Texas Bitcoin Conference held on 27 October 2018.

It provides information about some of the biggest companies in the world getting very serious about Bitcoin and how they have already positioned themselves during 2018 getting ready for 2019 and beyond.

Information covered includes, Fidelity Investments (the 4th largest Asset Manager) now offers crypto investment services to its high profile clients, Apple Inc. co-finds a new crypto currency firm, Amazon Web Services partners with QTUM, Alibaba and IBM has the most Block-chain patents in the world, IBM partners with Stellar Lumens, Yale University in USA invests $400 Million into a crypto fund, Twitter thinks Bitcoin is the currency of the future, Richard Branson of Virgin says Bitcoin and Block-chain is an economic revolution, Goldman Sachs introduces a crypto finance company and the owner of the New York Stock Exchange is launching a Bitcoin Exchange.

I hope you find this information interesting and I hope it makes at least one of you wealthy in the end. I know this technology thing is a little bit crazy, but I will forward you this information a little bit at a time to help you better understand this new financial system.

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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02 Nov 2018 @ 23:05:59 pm
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Like Chris says = "banggat" Normally statements like these below lure people into buying something to make a lot of money. Me I will wish holders good luck as they wait for BTC to go up from $6 600 to $500 000

Turning $1 000 into $220 000 is making serious money.

Well he has 7 years of experience in this industry, more than what all of us have here combined.

If you smart you may just take some of this information seriously. If companies as large as Amazon and Apple or even big banks like Goldman Sachs takes this Bitcoin thing seriously, well then so will I.

I wish I has someone telling me to invest in Amazon or Google back in 2000.

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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03 Nov 2018 @ 07:59:13 am
Fred
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As long as the intention is to make money out of Bitcoin, it remains a piramid scheme.  When the price stablelises, which I think is a definite possibility, it will become an international currency which will ensure your asset keeps its value.  I don't thing too much credence should be put on statements like turning R1000 into R220,000.  Value does not just appear from thin air.  If someone gains, another poor bugger looses and people willing to invest and loose will in time become less and less until such time they disappear and crypto will become stable.

Het is beter rijk te leven dan rijk te sterven
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17 Nov 2018 @ 11:12:13 am
Danie-SLK
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Ooch!!!!! Not a time to be buying more if you ask me.

 

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25 Nov 2018 @ 11:52:59 am
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Discounted prices at the moment, especially for those who have been Dollar Cost Averaging like I have over the last many months.  For those who got in at a higher price, learn how to Dollar Cost Average.

I will be buying more Bitcoin (BTC) at these massively discounted prices, this would ultimately increase my Satoshi Value in the end.

Bitcoin “retains” or “holds” the actual Satoshi value even when it is going down against the Rand or Dollar. All the other crypto currencies can massively increase or decrease your Satoshi values when trading them against Bitcoin. Bitcoin is the base Satoshi Value and once you wrap your head around this new medium of value called “Satoshi”, then things will get easier to fully understand.

This is not financial advice and Crypto currencies are very different to the traditional markets.

Traditional markets are pegged against the Rand or Dollar per share price.

Crypto Currencies are pegged against the Satoshi Value and not really the Dollar or Rand Value when looking towards the future. This will only become apparent to everyone when the Rand ends up like the Zimbabwean Dollar or Venezuelan Bolivar.

This current dip provides us the ability to massively increase our Satoshi Value, especially while the Rand is “relatively strong” compared to what is potentially happening to the Rand in the future.

No one should be thinking about exiting or selling any BTC at the moment, unless you are shorting the market. So looking at the Rand value now is actually misleading. BTC it has obviously not matured yet. We should be thinking about entering into the BTC market and accumulate as many Satoshi’s as possible at these lows. Only weak hands will sell now.

We should be learning and then keeping track of the Bitcoin world adoption “S-curve chart” - Google it, this is a massively important chart.

Currencies around the world will fail over time due to their pending hyper inflation and lack of good governance and the World Banks ultimate plan. Buying BTC before our sovereign currency fails is obviously our primary plan here. South Africa is somewhat... OK, compared to other countries – LOL. But you should do your own research about the state of our Rand and what the ultimate goal is for everyone to have this future one world currency called Bitcoin.

If you think you are going to buy BTC today and be rich tomorrow, then you missing the point completely here. My first point of profit taking is only in 2022 or so and then again in 2025 and then in 2030 I provide money for my kids. ONLY when they are old enough to know the value of money.

The Retail Market (the me and you – people) panic sell at the bottom and The Institutional Market (those big Fund Managers) are buying up all the panic selling at this very moment. Cleaver money stays in and accumulates more and more, especially when the price are lower than our previous purchase price.

I admit, I wish I only started accumulating BTC as from TODAY, instead of mid last year. But what I have learnt over the last many months is actually invaluable to me now, so I guess it has a balance somehow. You get to read something in a few minutes that took me months to understand and passing this information on to you gives me pleasure, otherwise why do I actually bother taking five days typing this long response to all of you on these CaravanParks.com Forums.

Bitcoin, Ripple, Ethereum, Stellar Lumens and Lite Coin are going to be some of the bigger players in the end as far as I understand. Once you understand Bitcoin a little better, then only perhaps invest in some of these in the near future. - Remember these other ALT-Coins can massively increase or decrease your Satoshi Values, it is only Bitcoin that holds the actual Satoshi Base Value and all these other coins fluctuate against Bitcoin. Similar to how all currencies fluctuate against the Dollar today.

Each Crypto Currency provides different use cases. As far as I understand and you need to do your own research here.... The United Nations likes LiteCoin LTC as thier primary means of exchange between people, while Stellar Lumens XLM that is backed by IBM seems to be the Business to Business means of exchange, with Ethereum ETH doing the same thing as Stellar but backed by an alliance of companies. Ripple XRP seems to be the means of exchange for cross-border Bank to Bank transfers essentially replacing the 40 year old international SWIFT system. Bitcoin is your new GOLD Standard and becomes your “Store of Value” in Satoshis.

The object of this game is to increase your Satoshi Levels and/or Values. The beauty of this new financial system is that this new Bitcoin world currency inflates in value as more adoption takes place, while our current monetary system is fast losing its value. Think about the Gold Rush, now think of BTC being the new Digital Gold and LTC being the new Digital Silver.

It is said by financial experts that this world can never be placed back onto the old Gold Standard (prior to 1971/72 when President Nixon removed the Gold Standard). Some say the reason is because China holds far too much Gold and the USA can not accept that fact, others say it is way beyond that time period and this Digital World is far too exciting for the youngsters than that stupid Gold you have to store in a safe at home.... ask yourself this, how many youngsters have a safe or even access to Gold or Silver, then ask yourself how many of them have a SMART PHONE...

Your Rands in your pocket will as far as I understand one day be similar to the Zimbabwean Dollar. By this time Bitcoin would have massively out preformed the Rand along with so many other sovereign currencies around the world. YOU ARE STILL EARLY.

The Traditional Stock Markets have recently fallen for a reason, Apple, Face Book, Google, etc.

The rumour has it that these stocks are down because they have pulled their money out of these traditional markets to invest into the crypto currency space. Obviously, they are also investing into the Silver and Gold market. Silver is looking attractive recently (because it is also down, just like BTC). Silver is setting itself up for a rally soon, due to a silver shortage in the market, only because so many high end electronic components are made from silver, and they are used to help feed this new 4th Industrial Revolution.

"Find a job you love, then you will never have to work again!"
The CaravanParks.com Team
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25 Nov 2018 @ 13:51:38 pm
Danie-SLK
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As much as I agree when investing in an asset that has merrit it is good using cost averaging. A golden rule is also to protect your capital as any investment can turn against you. The longer you wait the more painful it is.

The alternative for BTC is ETH. If we look at the graph below where it lost 90% of its value since the peak it shows there is no support for it. Down from $1400 to $114. A good clue it always when there is fear and normal assets drop. In such cases one will find when markets or currencies move down money moves into some other store of wealth. The problem with crypto is one can see they don't perform that function. They actually drop more and that is a danger sign.

I do know you follow the advice and reasons why to keep on buying. We had the same thing years ago about gold that should with reasons given go beyond $3000. Most probably never in decades will that happen. This seems to be still the view of your mentors. They could be right - only time will tell.

Further the actual price of silver and gold have not even moved up in 5 years. Thus al 3 assets have lost there shine if I look as the price movements.

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25 Nov 2018 @ 14:24:35 pm
Chris Boucher
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Danie - Ek weet dit is aanhalings wat jy hierbo aanhaal. En daaruit kan ek aflei wat jou sentimente is. Ek kan maar net sê dat ek 100% saamstem - veral die Classic Trading Rules wat jy hierbo noem. Vir die Bitcoin-aanhangers se onthalwe, wens ek hulle toe dat hul verwagtinge eendag sal realiseer. Maar o donkie - ek is skepties dat dit gaan gebeur. Ek hoop vir hulle onthalwe dat ek verkeerd is. Maar self sal ek op hierdie stadium nie met (die spreekwoordelike) tang oor 'n telefoondraad aan kripto-geldeenhede raak nie. Ek het te moeilik aan my paar sente op belegging gewerk.

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25 Nov 2018 @ 19:54:17 pm
Danie-SLK
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Chris ek dink almal soek iets wat geld maak. Na jare van my eie lang termyn fondse bestuur lees ek baie hieroor. As mens kyk na dag handelaars wat opleiding gee in verhandeling en hul wil nie aan crypto vat dan is dit veiliger om nie ingetrek te word op beloftes en voorspellings. Diversifisering help baie en dit pas ek toe. Ja ek "cost average" myself en koop nou juis by in lokale en $ fondse met die sterker Rand.

Een v d goue reëls bly om in iets te belê wat vir jou 'n verhhogde inkomste lewer en nie net prys stygings nie. Dus dan waar crypto gly.

Solank mens weet dis naby aan dobbel met groot risiko. 

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06 Dec 2018 @ 11:56:24 am
Danie-SLK
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Not happy reading for some?

https://mybroadband.co.za/news/cryptocurrency/288618-bitcoin-falls-as-indicators-point-to-more-pain-in-2019.html

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08 Dec 2018 @ 14:21:00 pm
Fred
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Miskien, net  miskien,  is ons nou uiteindelik met crypto waar dit goeie werk kan doen, naamlik as internasionale geld-eenheid.  Dit lyk of dit sy karakter van piramieskema afskud. Baie mense het in die proses baie geld verloor en ek is jammer vir hulle, maar hulle moes verwag het dat iets wat alle eienskappe van 'n piramideskema is, niks anders kan wees nie.  Daar sal egter 'n klein aantal mense wees wat die geld wat die massas verloor het, gewen het.  Jy kry hulle oral  en in sommige gevalle pak die Reg hulle aan, maar ek dink nie dit gaan in hierdie geval gebeur nie.  Nou sal ons maar net moet wag om te sien of crypto werklik 'n geldeenheid gaan word.  Met die skokke wat opgedoen het, dink ek daar is 'n minder as 50%  kans hiervoor, en dat hulle gaan verdwyn, maar miskien is ek verkeerd- sal maar moet wag en sien.  Ek sien dis nou al $3400.

Het is beter rijk te leven dan rijk te sterven
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08 Dec 2018 @ 17:46:41 pm
Danie-SLK
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Ek gaan nou die dag terug waar een v d sogenaamde plekke wat transaksies aanbied te kenne gee hy WEET Bitcoin sal nog baie styg. Dit was 4 maande terug op $6200.

Nou op $3 439.

Fred ek dink Bitcoin kan werk maar nie waar mens dit skep uit niks en daar nie 'n bate agter die waarde is nie. 

Maar ja een v d wêreld se grootste banke het ook toe dit opskiet na $18 000 gesê hul glo dit sal aanhou styg tot $100 000 voor dit terug trek. Dis hoekom voorspellings nie as maatstaf gebruik kan word nie. 

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14 Dec 2018 @ 16:40:21 pm
Fred
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Bitcoin het intussen nog $100 gedaal. Is dit nou die einde van hierdie virtuele geldeenhede of gaan dit stabiliseer en algemene aanvaarbaarheid bereik en dan 'n werklike bruikbare geldeenheid word??  Dis maar retoriese vrae want ek glo nie enigiemand het die antwoord nie.  Mense wat betrokke is, wil graag hê dit moet bly voortbestaan en hopelik waarde vermeerder.  Ek sien daar word ook nou pogings aangewend om van bekendes se reputasaie gebruik te maak om beleggers te probeer lok.  'n Mens kan wel redeneer dat dit nou op sy laagste is en dus 'n goeie belegging kan wees, maar sênou dit styg nie weer nie en stort heeltemal in duie?  Ek vermoed persoonlik bitter min beleggers gaan op die oomblik so dapper weer om nuwe geld hierop te waag.  As bitcoin en kie wel bly voortbestaan, dink ek dit sal nie weer dramaties styg nie en dan sal ernstige beleggers dalk begin om hulle geld daarin te parkeer met die oog op groter stabiliteit as tradisionele geldeenheide.  Begin dit egter weer wipplank ry, gaan dit sulke mense se belangstelling verloor en sommige mense gaan hulle vingers verbrand terwyl ander weer 'n vinnige bok gaan maak. 

As jy 'n buitestaander is soos ek en Danie, is dit 'n baie interessante proses om dop te hou.  As jy reeds hierin belê het, is dit benoude tye.  My simpatie met sulke mense.

Het is beter rijk te leven dan rijk te sterven
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14 Dec 2018 @ 21:32:49 pm
Danie-SLK
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Fred ja ons moet eers sien waar is die laagtepunt maar net soos alle nuwe dinge wat meeste mense gaande maak wil mens stabiliteit sien en dis nog nie waarneembaar nie. Sou mens sien dat die 200 dag bewegende gemiddelde oorgesteek word mag dit lang termyn beleggers kennis laat neem.

Ek verneem dat Samsung gaan ook 'n Crypto toep op hul fone laai wat aandui dat die aanvraag daar is. Crypto glo ek is hier om te bly.

Die prysbeweging is net soos die internet in sy begin stadium toe almal hul aandele moes koop en ons die groot val gesien na die paraboliese styging. Dis altyd die gevaar teken dat 'n "crash" dalk naby kan wees. Dis egter jammer dat soveel mense ingetrek word in iets wat mens net MOET koop tydens die paraboliese styging en dan die pyn wat volg.

Bitcoin amper $200 af in die afgelope week.

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11 Jul 2019 @ 09:08:03 am
Danie-SLK
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Gonnie it is great to see with the strategy you were using over time that by believing in BTC and being patient it is turning out very well for you. From the most recent low of about $3300 in Jan 2019 up to the current $11500. Still below the spike of Dec 2017.

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11 Jul 2019 @ 14:10:26 pm
Fred
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As ek Bitcoins gehad het, het ek nou uitgeklim voor dit weer in sy kanon in val, wat hy heel moontlik weer gaan doen.  Kan jy jou Bitcoins vir kontant inruil?

Het is beter rijk te leven dan rijk te sterven
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11 Jul 2019 @ 16:52:08 pm
Danie-SLK
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Fred ja mens dit verkoop soos enige ander geldeenheid of aandeel. Dan kom als net terug in jou $ of lokale rekening. As dit egter reeds in 'n $ rekening gehou word en vandaar af bedryf word dan sal mens dit buite die land wil hou.

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11 Jul 2019 @ 17:01:58 pm
HM
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Ek het gesien op die Sars werkblad dat inkomste uit Bitcoin verklaar moet word. 

Wonder hoeveel van die opbrengs is belastingvry?

The Happy Campers.
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17 Jul 2019 @ 10:24:51 am
Fred
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Nou is Bitcoin weer aan die val. As ek wel so-iets gehad het en 'n paar dae gelede uitgeklim het, het ek nou geglimlag.  Wat gaan hy nou doen- dalk weer daal na naby $3000?  Dis jammer hierdie "geldeenhede" wil nie stabiliseer sodat ons gewone versigtige ouens dit kan gebruik vir oorsese betalings en reise en om geld in te parkeer as ons geld-eenheid bietjie onstabiel is nie.  Op die oomblik is dit egter 'n dobbelspel.

Het is beter rijk te leven dan rijk te sterven
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17 Jul 2019 @ 11:41:10 am
Danie-SLK
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Ek het gesien op die Sars werkblad dat inkomste uit Bitcoin verklaar moet word. 

Wonder hoeveel van die opbrengs is belastingvry?

Ek sal maar aanneem dit word soos enige ander verhandeling hanteer. Die winste kom by jou ander jaarlikse inkomste en dan word jy op jou spesifieke koers belas.

Ek wonder net hoeveel mannekrag gaan daar gebruik word om wel by elke moontlike plek wat verhandeling aanbied gesoek word na belasting betalers om wel iets in te kry.

Fred nee ek glo baie mense is deur voorsieners wat pro BTC is so ingestel dat hulle wag vir BTC om te styg tot $100 000 en selfs meer. Ek self is nie betrokke maar glo half nie dat $3 000 maklik weer bereik sal word nie. Die daling van $10 000 na $3 000 was die val wat gesond was vir BTC. Miskien 'n 50% daling van die huidige hoogtepunt voor dit dan weer styg. Tegniese ontleding werk baie met 33, 50 of 66% daling v d hoogtepunt voor dit weer styg. Dis maar patrone wat deur die jare herhaal word.

 

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5 days ago @ 11:31:33 am
Fred
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Dit is nou al ongeveer 'n maand wat Bitcoin sweef tussen ongeveern $9000 en $10000. As dit so aanhou, het ons dalk nou die punt bereik waar spekulante uitgetree het en dit 'n werklike geldeenheid word. As dit so aanhou, sal mense dit prakties kan begin gebruik vir by internasionale aankope, oorsese reise en verskansing teen die skommelinge van hulle eie geldeenheide.  'n Meer as tien persent skommeling is egter nog bietjie hoog- dalk raak die fluktuasies mettertyd minder. 

Ek het 'n tyd gelde gelees dat geldeenheide (of wat mens dit ookal nou behoort te noem) soos Bitcoin nog maar bitter min as betaalmiddel gebruik word.  Eienaars koop en verkoop dit meestal op die oomblik waarskynlik omdat hulle meer ingestel is op spekulasie. Ek wonder hoe ek te werk sou gaan as ek dit as betaalmiddel op 'n oorsese reis sou wil gebruik.  Ek is egter nog ver van oortuig af dat dit 'n geld-eenheid is, so dis maar 'n akademiese vraag.

Het is beter rijk te leven dan rijk te sterven
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