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 Bitcoin Thread v1, and other cryptocurrencies

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blackseed202
post Dec 17 2016, 09:57 PM

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why dont you guys use lbc? is it difficult? i find LBC to be quite trustworthy. internationally well known. just need to be careful right.
klthor
post Dec 17 2016, 10:14 PM

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QUOTE(jack2 @ Dec 17 2016, 09:19 PM)
what rate did you get?

1BTC = berapa MYR?
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1btc like RM34xx
jack2
post Dec 17 2016, 10:24 PM

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QUOTE(klthor @ Dec 17 2016, 10:14 PM)
1btc like RM34xx
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A bit low.. I would expect 35xx
klthor
post Dec 17 2016, 10:30 PM

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QUOTE(jack2 @ Dec 17 2016, 10:24 PM)
A bit low.. I would expect 35xx
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that is why i said, low volume.... doesnt really reflect the actual market price ... im still waiting for coinbox tosort out their issue, till have a couple of RM inside with them....
jack2
post Dec 17 2016, 10:32 PM

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QUOTE(klthor @ Dec 17 2016, 10:30 PM)
that is why i said, low volume.... doesnt really reflect the actual market price ... im still waiting for coinbox tosort out their issue, till have a couple of RM inside with them....
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what happened to coinbox?
klthor
post Dec 17 2016, 10:34 PM

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QUOTE(jack2 @ Dec 17 2016, 10:32 PM)
what happened to coinbox?
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maybank close their accounts i suppose. so they stop transact in RM until a bank that support them doing bitcoint trading.
jack2
post Dec 17 2016, 10:46 PM

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QUOTE(klthor @ Dec 17 2016, 10:34 PM)
maybank close their accounts i suppose. so they stop transact in RM until a bank that support them doing bitcoint trading.
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it means this thing is still not legalised in Malaysia which it is regarded as currency exchange.
wengherng
post Dec 17 2016, 10:52 PM

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QUOTE(klthor @ Dec 17 2016, 10:34 PM)
maybank close their accounts i suppose. so they stop transact in RM until a bank that support them doing bitcoint trading.
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Yes, and now I am really worried that once I start using XBit Asia, the same will happen sooner or later.
If it happened to BitX and Coinbox, it is logical to assume that the same will happen to XBit Asia as well. sad.gif
jack2
post Dec 17 2016, 10:54 PM

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QUOTE(wengherng @ Dec 17 2016, 10:52 PM)
Yes, and now I am really worried that once I start using XBit Asia, the same will happen sooner or later.
If it happened to BitX and Coinbox, it is logical to assume that the same will happen to XBit Asia as well.  sad.gif
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why it happened to them but JJPTR never get closure?
wengherng
post Dec 17 2016, 11:01 PM

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QUOTE(jack2 @ Dec 17 2016, 09:14 PM)
why BitX's bitcon 1BTC = MYR2400-2500 only?

I saw BTC 1 = USD785+
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BitX's bank account has been suspended by its bank, meaning nobody can deposit RM into it anymore, and those with RM already inside cannot withdraw anymore.
Same issue as Coinbox.......so I suppose some people are panicking and want to unload their coins.
Seems illogical to me, though......since they wouldn't be able to withdraw cash anyway, even if they sold their coins.
Would have made more sense to transfer their coins to another place and sell. confused.gif
jack2
post Dec 17 2016, 11:08 PM

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QUOTE(wengherng @ Dec 17 2016, 11:01 PM)
BitX's bank account has been suspended by its bank, meaning nobody can deposit RM into it anymore, and those with RM already inside cannot withdraw anymore.
Same issue as Coinbox.......so I suppose some people are panicking and want to unload their coins.
Seems illogical to me, though......since they wouldn't be able to withdraw cash anyway, even if they sold their coins.
Would have made more sense to transfer their coins to another place and sell.  confused.gif
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How about those people who have bought bitcoin and held it in BTC value?

Can it be sold via other platform or transfer to other users?
wengherng
post Dec 17 2016, 11:20 PM

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QUOTE(jack2 @ Dec 17 2016, 11:08 PM)
How about those people who have bought bitcoin and held it in BTC value?

Can it be sold via other platform or transfer to other users?
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Their BitX accounts remain active, and all they have to do is to transfer their coins to another exchange if they wished to sell.
The only concern is that there aren't really that many exchanges in Malaysia that can deal with Ringgit withdrawals, like BitX, Coinbox, XBit Asia, etc.
If BNM suddenly decides to regulate this and create problems, then it will be impossible for Bitcoin holders in Malaysia to get back their money in cash withdrawals after selling.
You can still send your Bitcoins to other exchanges outside of Malaysia and sell them there, then transfer the money back via international telegraphic transfer, but then you'd have a whole different set of problems there as well.

jack2
post Dec 17 2016, 11:25 PM

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QUOTE(wengherng @ Dec 17 2016, 11:20 PM)
Their BitX accounts remain active, and all they have to do is to transfer their coins to another exchange if they wished to sell.
The only concern is that there aren't really that many exchanges in Malaysia that can deal with Ringgit withdrawals, like BitX, Coinbox, XBit Asia, etc.
If BNM suddenly decides to regulate this and create problems, then it will be impossible for Bitcoin holders in Malaysia to get back their money in cash withdrawals after selling.
You can still send your Bitcoins to other exchanges outside of Malaysia and sell them there, then transfer the money back via international telegraphic transfer, but then you'd have a whole different set of problems there as well.
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I see... I can help to buy all you have.
wengherng
post Dec 17 2016, 11:28 PM

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QUOTE(jack2 @ Dec 17 2016, 10:54 PM)
why it happened to them but JJPTR never get closure?
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No idea......your guess is as good as mine. hmm.gif
jack2
post Dec 17 2016, 11:37 PM

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I am new to bitcoin but I found way to get it exchanged to MYR.
wengherng
post Dec 17 2016, 11:45 PM

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QUOTE(jack2 @ Dec 17 2016, 11:37 PM)
I am new to bitcoin but I found way to get it exchanged to MYR.
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Let's hear it! biggrin.gif
jack2
post Dec 17 2016, 11:47 PM

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QUOTE(wengherng @ Dec 17 2016, 11:45 PM)
Let's hear it!  biggrin.gif
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Test with me for USD5 bitcoin...

https://bitcoin.org/en/

Bitcoin
Core wallet?
wengherng
post Dec 18 2016, 12:02 AM

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QUOTE(jack2 @ Dec 17 2016, 11:47 PM)
Test with me for USD5 bitcoin...

https://bitcoin.org/en/

Bitcoin
Core wallet?
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Thanks......but I'm accumulating, not trading or using as payment. smile.gif
jack2
post Dec 18 2016, 01:07 AM

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QUOTE(opticc @ Dec 18 2016, 12:52 AM)
i better buy some to hedge our poor ringgit
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how to buy if they can't transact in MYR?
jack2
post Dec 18 2016, 01:39 AM

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QUOTE(opticc @ Dec 18 2016, 01:09 AM)
buy USD first, then convert buy can?
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This one I really dunno...

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