Welcome Guest ( Log In | Register )

155 Pages « < 138 139 140 141 142 > » Bottom

Outline · [ Standard ] · Linear+

 Bitcoin Thread v1, and other cryptocurrencies

views
     
sirxl
post Feb 15 2017, 06:58 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


QUOTE(soket @ Feb 11 2017, 11:50 PM)
can TS edit the 1st page and post up FAQ? every week also got ppl ask about where n how to buy btc lol
*
we have a large bitcoin group in telegram,
invite link
https://t.me/joinchat/AAAAAD8HdXHMCpurSNxoqA

kmarc
post Feb 15 2017, 08:08 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(wengherng @ Feb 14 2017, 11:33 PM)
I haven't used it myself.
Let us know your experience later.

*
Bought my first bitcoin in localbitcoin yesterday! rclxms.gif

Quite convenient to use. Just have to wait for a good deal. Almost bought at RM4600 but the guy's local bank was full!!! blink.gif Never heard of somebody's bank full of money! notworthy.gif

In the end managed to get some at around RM 4547. rclxm9.gif

Localbitcoin gives it's own BTC wallet. Say, is there any BTC wallet that is considered the safest? Or all BTC wallet is ok? hmm.gif
jack2
post Feb 15 2017, 09:39 AM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
anyone who wants bitcoin can buy from me.. hehe
kmarc
post Feb 15 2017, 10:06 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(jack2 @ Feb 15 2017, 09:39 AM)
anyone who wants bitcoin can buy from me.. hehe
*
You didn't reply me previously. How to buy from you? Cheaper? 🙂
bb.supplements
post Feb 15 2017, 11:24 AM

Casual
***
Junior Member
439 posts

Joined: Aug 2008


Im selling mostly at Remitano.So if anybody want to buy for slight discounted price avoiding those 1% charges,can pm me personally.
jack2
post Feb 15 2017, 11:35 AM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(kmarc @ Feb 15 2017, 10:06 AM)
You didn't reply me previously. How to buy from you? Cheaper? 🙂
*
Probably I overlooked it.

Price = market price = you agree, I agree.. haha
1wildcat1
post Feb 15 2017, 12:01 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008


QUOTE(sirxl @ Feb 15 2017, 06:57 AM)
localbitcoins takes a 1% fee from your bitcoins.
*
Not if I'm buying without posting advertisements, correct?

I've gotten my full amount in coins.
sirxl
post Feb 15 2017, 10:45 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


QUOTE(sirxl @ Feb 15 2017, 06:55 AM)
Hi all,

Hope you got your tickets, they are running out fast.

The venue might change, get updates from the Telegram channel.
https://t.me/bloktex

It's official - Andreas M. Antonopoulos visits #malaysia for the 1st Time! #bitcoin guru!

A day with Andreas M. Antonopoulos: Discover, Engage and Connect to the Future of Blockchain and Cryptocurrencies.

DATE   : 22 February 2017 (WED)
TIME   : 2pm - 5pm
VENUE   : TBA

Speaker  : Andreas M. Antonopoulos

Event URL      : www.bloktex.com
Telegam Updates    : https://t.me/bloktex
*
Hi all,

Due to overwhelming support, the venue of the Andreas M. Antonopoulos event (22 Feb 2017, 2pm-5pm Wed)
has been moved to a bigger venue at the Main Auditorium, Enterprise 4, Technology Park Malaysia,
57000 Bukit Jalil, Kuala Lumpur.

http://bloktex.com/a-day-with-andreas/

This post has been edited by sirxl: Feb 15 2017, 10:46 PM
wengherng
post Feb 15 2017, 10:56 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Feb 15 2017, 08:08 AM)
Bought my first bitcoin in localbitcoin yesterday!  rclxms.gif

Quite convenient to use. Just have to wait for a good deal. Almost bought at RM4600 but the guy's local bank was full!!!  blink.gif Never heard of somebody's bank full of money!  notworthy.gif

In the end managed to get some at around RM 4547. rclxm9.gif

Localbitcoin gives it's own BTC wallet. Say, is there any BTC wallet that is considered the safest? Or all BTC wallet is ok?  hmm.gif
*
Congratulations mate.
Now, the very first rule of thumb in investing in bitcoins......NEVER EVER put your bitcoins in your online wallet, especially wallets offered by exchanges, other than a small amount that you are planning to trade or use in the very near future.
If you are planning to invest in the long term (i.e. keep and hold, instead of frequently buying and selling), then I strongly recommend investing some money in a good hardware wallet, and practice cold storage (i.e. keeping your bitcoins offline, where it can never be hacked or stolen).
There are several good and trusted brands out there, like Trezor, Ledger, Coolwallet, etc. that you can look up in Google and review yourself.
I cannot stress this enough......online wallets are NOT suitable for storage of cryptocurrencies, no matter how secure they say they are, or how many factors of authentication they use.
Cold storage, no exceptions!
thumbsup.gif



effectz
post Feb 15 2017, 11:55 PM

Regular
******
Senior Member
1,108 posts

Joined: Oct 2006
QUOTE(wengherng @ Feb 12 2017, 11:58 PM)
I thought these days it is no longer cost effective to make money by mining bitcoins, as technology advances too quickly and there are so many large scale mining farms in Northern Europe and China already; the investment alone that you need to put into getting the hardware and the electricity bills to run them 24/7 will be higher than the returns you get from mining.
It's good for learning and the experience of it, but I do not think it is a viable investment for the average person.
But maybe I'm wrong.
Are you able to obtain a decent profit from mining? Do share your experience with us. I know a few of the forummers here are miners as well.
What I meant was cloud mining. I researched a lot about trusted cloud mining provider and then arrived to genesis mining. So far so good.

This post has been edited by effectz: Feb 15 2017, 11:56 PM
wengherng
post Feb 16 2017, 12:08 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(effectz @ Feb 15 2017, 11:55 PM)
What I meant was cloud mining. I researched a lot about trusted cloud mining provider and then arrived to genesis mining. So far so good.
*
Cool, I have no experience in cloud mining.
How much returns are we talking about?

kmarc
post Feb 16 2017, 09:54 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(wengherng @ Feb 15 2017, 10:56 PM)
Congratulations mate.
Now, the very first rule of thumb in investing in bitcoins......NEVER EVER put your bitcoins in your online wallet, especially wallets offered by exchanges, other than a small amount that you are planning to trade or use in the very near future.
If you are planning to invest in the long term (i.e. keep and hold, instead of frequently buying and selling), then I strongly recommend investing some money in a good hardware wallet, and practice cold storage (i.e. keeping your bitcoins offline, where it can never be hacked or stolen).
There are several good and trusted brands out there, like Trezor, Ledger, Coolwallet, etc. that you can look up in Google and review yourself.
I cannot stress this enough......online wallets are NOT suitable for storage of cryptocurrencies, no matter how secure they say they are, or how many factors of authentication they use.
Cold storage, no exceptions!
:thumbsup:
*
Thank you very much for your valuable information. Looks like I will have to get a hardware wallet as my aim is long-term investment. ok, will do some searching on hardware wallets. Hope it is easy to buy one.

hesoyum
post Feb 16 2017, 09:06 PM

New Member
*
Newbie
2 posts

Joined: Feb 2017
QUOTE(kmarc @ Feb 16 2017, 09:54 AM)
Thank you very much for your valuable information. Looks like I will have to get a hardware wallet as my aim is long-term investment. ok, will do some searching on hardware wallets. Hope it is easy to buy one.
*
I also new to bitcoin but read online is to only put small amount in the online wallet like on coinbase.com and blockchain.info
hardware wallet i saw review online at www.coingecko.com/buzz/cryptosteel-review


kmarc
post Feb 16 2017, 09:09 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(hesoyum @ Feb 16 2017, 09:06 PM)
I also new to bitcoin but read online is to only put small amount in the online wallet like on coinbase.com and blockchain.info
hardware wallet i saw review online at www.coingecko.com/buzz/cryptosteel-review
*
I just bought Trezor hardware wallet from their online store. Expensive but for investment, no choice. USD 99 for the device and USD 29 for courier. cry.gif

Today, bought some bitcoins from Remitano. Quite convenient too. Surprise that nowadays, interbank instant transfer is really instant! rclxms.gif

After buying the bitcoin, I notice my bitcoin wallet address changed. I panicked because I used the previous address. icon_question.gif After that, I realized that the addresses will change, I think after a few transactions? hmm.gif Will read more of their FAQ later on. Anyway, received my bitcoins after 30 mins... phew!

This post has been edited by kmarc: Feb 16 2017, 09:11 PM
effectz
post Feb 16 2017, 11:46 PM

Regular
******
Senior Member
1,108 posts

Joined: Oct 2006
QUOTE(wengherng @ Feb 16 2017, 12:08 AM)
Cool, I have no experience in cloud mining.
How much returns are we talking about?
*
After upgrading to 2 TH/s, I got around 0.0006 a day.
jack2
post Feb 16 2017, 11:51 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(kmarc @ Feb 16 2017, 09:09 PM)
I just bought Trezor hardware wallet from their online store. Expensive but for investment, no choice. USD 99 for the device and USD 29 for courier.  cry.gif

Today, bought some bitcoins from Remitano. Quite convenient too. Surprise that nowadays, interbank instant transfer is really instant!  rclxms.gif

After buying the bitcoin, I notice my bitcoin wallet address changed. I panicked because I used the previous address.  icon_question.gif After that, I realized that the addresses will change, I think after a few transactions?  hmm.gif Will read more of their FAQ later on. Anyway, received my bitcoins after 30 mins... phew!
*
Why need that hardware wallet? To store password?
wengherng
post Feb 17 2017, 12:14 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(hesoyum @ Feb 16 2017, 09:06 PM)
I also new to bitcoin but read online is to only put small amount in the online wallet like on coinbase.com and blockchain.info
hardware wallet i saw review online at www.coingecko.com/buzz/cryptosteel-review
*
Yes, only put in a small amount which you are intending to use for trading in the very near future.
In fact, I do not keep any at all in online wallets......all in a hardware wallet, in cold storage.


QUOTE(kmarc @ Feb 16 2017, 09:09 PM)
I just bought Trezor hardware wallet from their online store. Expensive but for investment, no choice. USD 99 for the device and USD 29 for courier.  cry.gif

Today, bought some bitcoins from Remitano. Quite convenient too. Surprise that nowadays, interbank instant transfer is really instant!  rclxms.gif

After buying the bitcoin, I notice my bitcoin wallet address changed. I panicked because I used the previous address.  icon_question.gif After that, I realized that the addresses will change, I think after a few transactions?  hmm.gif Will read more of their FAQ later on. Anyway, received my bitcoins after 30 mins... phew!
*
Good for you. Trezor is a good brand.
Personally, I use Coolwallet, and paid USD 119 for it.

wengherng
post Feb 17 2017, 12:32 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(effectz @ Feb 16 2017, 11:46 PM)
After upgrading to 2 TH/s, I got around 0.0006 a day.
*
That's something like RM 1k per year if you run it full time.
Not bad at all.


QUOTE(jack2 @ Feb 16 2017, 11:51 PM)
Why need that hardware wallet? To store password?
*
To store your private keys.
Your bitcoins are not really yours, unless you control your private keys yourself.
Bitcoins are pretty much like cash, i.e. whoever holds your private keys will have the full unobstructed access to spend them......hence a hacker who is able to hack into the exchange may be able to steal all the private keys stored by all the users of the exchange, and therefore "steal" your bitcoins.
In a hardware wallet, the private keys are stored offline, disconnected from the internet, and therefore can never be hacked.


jack2
post Feb 17 2017, 03:33 AM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(wengherng @ Feb 17 2017, 12:32 AM)
That's something like RM 1k per year if you run it full time.
Not bad at all.
To store your private keys.
Your bitcoins are not really yours, unless you control your private keys yourself.
Bitcoins are pretty much like cash, i.e. whoever holds your private keys will have the full unobstructed access to spend them......hence a hacker who is able to hack into the exchange may be able to steal all the private keys stored by all the users of the exchange, and therefore "steal" your bitcoins.
In a hardware wallet, the private keys are stored offline, disconnected from the internet, and therefore can never be hacked.
*
Private keys consist like long long password? Must buy such hardware to store it?
sirxl
post Feb 17 2017, 07:23 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


QUOTE(jack2 @ Feb 17 2017, 03:33 AM)
Private keys consist like long long password? Must buy such hardware to store it?
*
just download reliable apps like mycelium or airbitz on your phone,
and keep it offline as long term storage.

155 Pages « < 138 139 140 141 142 > » Top
 

Change to:
| Lo-Fi Version
0.0309sec    0.22    6 queries    GZIP Disabled
Time is now: 6th December 2025 - 10:25 PM