Hi all,

I'm quite amazed by the level of knowledge and level of  maturity we have here.. really take me by surprise, I really thought bitcoin in malaysia is still 'ais age' though still many are yet to know.

In my personal opinion.. I think we are getting abit paranoia about cold storage. I think if we plan to buy BTC in big numbers like our forummers taikors here then yes.. please go ahead and get a hardware wallet..
Is a must!! Get yourself protected..

For those who are starting out and still testing water, leave the cold storage aside first.. I mean if u have 0.001BTC, what cold storage u r talking about!!

If u start to accumulate around 1-2BTC then yes.. time to think like a pro and guard it as much as u can..

Hope it helps!

Well, that's the beauty about cryptocurrencies......they are decentralised, and the value depends on whatever people think they are worth.
If that hypothetical situation really happens (USD crash), then my prediction is that the bitcoin value will soar exponentially.

Think about it this way.
Currently, the USD is only worth what it is worth at the moment, because all the other countries in the world use it for international trade, and everyone collectively say it is worth this much, at this time.
If the US dollar crashes, that just means that people think it is not worth this much anymore, and nobody wants to keep it anymore, meaning people are selling it off for cash in their own currency.
All those cash need to go somewhere (people don't trust banks anymore as the bank interest rates are generally barely enough to beat inflation) so they would then place them into other investment vehicles, and bitcoin is one of the fastest growing ones, gaining popularity on a global scale.
At the same time, American citizens would realise that their own savings in USD is getting devalued at a crazy pace, so in order to stop their losses, they need to convert their savings into something that is not as volatile, and again, bitcoin offers exactly that.
Traditionally, people in these situations put their money into gold, as it is seen as a safe hedge during economic turmoil, but these days, bitcoin offers the same, with more security and versatility.
The problem is, there are only limited numbers of bitcoins available, and only 21 million bitcoins will ever be available, EVER.
So, the more money pours into the bitcoin market capitalisation (i.e. the higher the demand), the higher the price will go.

Above is just an extremely simplified scenario (much more factors are involved), but I hope it sort of answers your question to some extent.

Hi all,

I'm quite amazed by the level of knowledge and level of  maturity we have here.. really take me by surprise, I really thought bitcoin in malaysia is still 'ais age' though still many are yet to know.

In my personal opinion.. I think we are getting abit paranoia about cold storage. I think if we plan to buy BTC in big numbers like our forummers taikors here then yes.. please go ahead and get a hardware wallet..
Is a must!! Get yourself protected..

For those who are starting out and still testing water, leave the cold storage aside first.. I mean if u have 0.001BTC, what cold storage u r talking about!!

If u start to accumulate around 1-2BTC then yes.. time to think like a pro and guard it as much as u can..

Hope it helps!

Yes, that's the answer I'm looking for. 

If bitcoin goes higher, they probably have to split the value like stock split. Imagine buying a pizza for 0.0000000001 BTC. 
Yes, I'm amazed myself. Should have asked here much earlier when bitcoin was hovering around USD 300-400. I actually wanted to buy then but found it extremely difficult to buy using MYR. Oh well, better late than never. 

At the moment, the smallest division of bitcoin sub-unit is the satoshi, which is equivalent to 0.00000001 BTC (one hundred millionth of a bitcoin).
But you're right, if the value continues to go up, perhaps one day it might be necessary to divide it even smaller.
The blockchain technology is designed so that further subdivisions are possible in future.

Don't think about what "could have been" by looking in the past.
We always have perfect vision in hindsight......back then, while the value was still low, there were not so many companies and businesses that agreed to adopt bitcoin as an acceptable form of payment, so if things didn't work out, you could very well have seen the USD 300 value drop to USD 0.30 per bitcoin.
On the other hand, if the value goes to USD 10k per bitcoin in future, you will be thinking to yourself, "Why didn't I buy more bitcoins when it was so cheap at USD 1000 per bitcoin...???"

Damn you bitcoin. You're going up too fast. Please come down a bit.

Wow.. it is so high now... happyyyyyyyy

Damn you bitcoin. You're going up too fast. Please come down a bit.

Perhaps you can consider to exercise dollar cost averaging.
And if it helps, maybe you can try to think like this: if the future price of a bitcoin will go up to RM10k per bitcoin (for example), will it still matter so much whether you bought it at USD 1000 or USD 1080 now?

Hope that helps to ease the pain a little...... 

Already accumulating but still not reaching my target amount as I wanted to wait for my hardware wallet. Looks like I can't wait, just have to use software wallet like Airbitz for now.

Thx for the easing of pain. I'm actually thinking along that line too, that it doesn't matter it is going up as my target price is at least x5.... ya ya, I'm dreaming...

If you don't mind sharing, what's your target amount, that you mentioned above?
Thinking of joining the Million Club?

Damn you bitcoin. You're going up too fast. Please come down a bit.

Lucky you didn't sell to me

Oh no, increase some more!!!!

and we say Moon...
crazy jump today.

and we say Moon...
crazy jump today.

Hehe, not wise to reveal things on internet. Let's just say my first transaction's profit based on current price already paid for my hardware wallet. Not important because as mentioned, I'm cutting big tree with small knife, like what we used to say in stock trading. Of course, the big tree can still fall on us!!!!

Oh ya, definitely cannot join millionaire club! what about you

Well, let's just say I set a target for myself to join the million club first.
Then slowly build up from there.
But even now I am still a long way away from achieving that first step.

Cool. Hope to meet you in the BTC millionaire club one day!