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.
Bitcoin Thread v1, and other cryptocurrencies
Bitcoin Thread v1, and other cryptocurrencies
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Dec 17 2016, 09:57 PM
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Junior Member
194 posts Joined: Mar 2016 |
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.
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Dec 17 2016, 10:14 PM
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Senior Member
5,469 posts Joined: Jun 2008 |
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Dec 17 2016, 10:24 PM
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 17 2016, 10:30 PM
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Senior Member
5,469 posts Joined: Jun 2008 |
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Dec 17 2016, 10:32 PM
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 17 2016, 10:34 PM
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Senior Member
5,469 posts Joined: Jun 2008 |
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Dec 17 2016, 10:46 PM
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 17 2016, 10:52 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
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. 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. |
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Dec 17 2016, 10:54 PM
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All Stars
15,192 posts Joined: Oct 2004 |
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. why it happened to them but JJPTR never get closure?If it happened to BitX and Coinbox, it is logical to assume that the same will happen to XBit Asia as well. |
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Dec 17 2016, 11:01 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(jack2 @ Dec 17 2016, 09:14 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. |
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Dec 17 2016, 11:08 PM
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All Stars
15,192 posts Joined: Oct 2004 |
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. How about those people who have bought bitcoin and held it in BTC value?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. Can it be sold via other platform or transfer to other users? |
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Dec 17 2016, 11:20 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(jack2 @ Dec 17 2016, 11:08 PM) How about those people who have bought bitcoin and held it in BTC value? Their BitX accounts remain active, and all they have to do is to transfer their coins to another exchange if they wished to sell.Can it be sold via other platform or transfer to other users? 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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Dec 17 2016, 11:25 PM
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All Stars
15,192 posts Joined: Oct 2004 |
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. I see... I can help to buy all you have.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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Dec 17 2016, 11:28 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
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Dec 17 2016, 11:37 PM
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All Stars
15,192 posts Joined: Oct 2004 |
I am new to bitcoin but I found way to get it exchanged to MYR.
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Dec 17 2016, 11:45 PM
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Senior Member
1,865 posts Joined: Jun 2008 |
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Dec 17 2016, 11:47 PM
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(wengherng @ Dec 17 2016, 11:45 PM) Test with me for USD5 bitcoin...https://bitcoin.org/en/ Bitcoin Core wallet? |
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Dec 18 2016, 12:02 AM
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Senior Member
1,865 posts Joined: Jun 2008 |
QUOTE(jack2 @ Dec 17 2016, 11:47 PM) Thanks......but I'm accumulating, not trading or using as payment. |
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Dec 18 2016, 01:07 AM
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 18 2016, 01:39 AM
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All Stars
15,192 posts Joined: Oct 2004 |
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