Welcome Guest ( Log In | Register )

155 Pages « < 143 144 145 146 147 > » Bottom

Outline · [ Standard ] · Linear+

 Bitcoin Thread v1, and other cryptocurrencies

views
     
wengherng
post Feb 24 2017, 11:10 AM

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

Joined: Jun 2008
QUOTE(kmarc @ Feb 24 2017, 08:27 AM)
#%@F%JGA@%#WS%FF@%&*@$

No, that's not my cursing. It's my bitcoin address, can send some bitcoins please?  bangwall.gif

RM5281!!!!! Resistance (was there ANY resistance???) of USD 1165 easily punched thru. Most of the time in stocks, when resistance is broken, historically the value would hit a new high. Until another event causes it to dip/drop/crash. The only question is when. And the other question is whether to chase or sit back.  cry.gif It's getting a little scary for me and I'm not even halfway there yet!  cry.gif

My previous opinion was that the price now should have been much higher. Just because of China's clamp-down that it is at current levels. Here, my new excellent statistically analyzed one-arrow one-minute MSPAINT chart.......  whistling.gif It's off the charts but if I take my ruler to measure, I think it will be at the RM6500-RM7000 level....  laugh.gif

[attachmentid=8520876]

Even though it is sky high at the moment, I think (MY opinion only) it will still go up, at least until near the time the first ETF decision is made. That gives another 1 - 2 weeks for it to rise. From then on, the trend would depend on the outcome.

Note : My 0.0000000002 BTC opinion only......

Hmmmmm..... was just thinking, if BTC keeps on going up and maintain at high value, there would be a threshold where mining would be viable again. Anybody knows what that threshold might be?
Wow! Didn't realize bitcoin is so extensively discussed.  thumbup.gif

I just checked out some of the links of bitcoin mining farms and those on youtube. The first thing I thought was CRAZY!!! However, in this day and age, technology seems to be the one that make quick millionaires and multimillionaires. 8-5 traditional jobs just doesn't cut it anymore.  sad.gif

I really new to this and I just can't comprehend why you need to mine bitcoins to make it into "currency" which is used for transactions. Just.... can't.... brain... this.... Why not just create a new digital currency for the whole world to use?  hmm.gif Yeah, some equate it to like gold mining but instead of shovel, you use computers. My first thought, man-made craziness.....
*
Your excellent statistically analyzed one-arrow one-minute MSPAINT chart is amazing. biggrin.gif
Unfortunately for me, despite me thinking that I'm so well-prepared and analytical, I also always seem to be buying at the highs.
I've never lost money in the long run, but my investments could definitely have been much better than what they are now. sad.gif


sirxl
post Feb 24 2017, 12:03 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


SEC go or no go on the Bitcoin ETF comes out 11 March. Buy on rumours, sell on news. Beware guys. Don't risk all your MYR.
sirxl
post Feb 24 2017, 12:05 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


The Mining process has 3 important functions: secure the blockchain, validate transactions and create new supply (incentivize the miners)
kmarc
post Feb 24 2017, 12:44 PM

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

Joined: May 2006
From: Sarawak



QUOTE(wengherng @ Feb 24 2017, 11:10 AM)
Your excellent statistically analyzed one-arrow one-minute MSPAINT chart is amazing. biggrin.gif
Unfortunately for me, despite me thinking that I'm so well-prepared and analytical, I also always seem to be buying at the highs.
I've never lost money in the long run, but my investments could definitely have been much better than what they are now.  sad.gif
*
I think that's called a prudent and careful investor? Me too, I'm more of the low-risk type of guy. Understandably, the only problem with this type of approach is the returns are also comparatively low.

My recent foray into AUD bonds also "lost" some value. However, because AUD strengthen so much, I'm actually making a profit! biggrin.gif

QUOTE(sirxl @ Feb 24 2017, 12:03 PM)
SEC go or no go on the Bitcoin ETF comes out 11 March. Buy on rumours, sell on news. Beware guys. Don't risk all your MYR.
*
Thx for the warning. Wise advice. I'm in the clouds dreaming with bitcoins. Bitcoin just touch RM5400....... laugh and cry at the same time..... rclxm9.gif cry.gif sad.gif thumbup.gif

This post has been edited by kmarc: Feb 24 2017, 12:48 PM
bonedragon
post Feb 24 2017, 06:52 PM

Casual
***
Junior Member
351 posts

Joined: Dec 2006
From: Selangor


Hi guys given some of the more popular exchanges can't do myr transactions anymore, what service do you guys use to trade bitcoin in myr?
kmarc
post Feb 24 2017, 07:53 PM

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

Joined: May 2006
From: Sarawak



QUOTE(bonedragon @ Feb 24 2017, 06:52 PM)
Hi guys given some of the more popular exchanges can't do myr transactions anymore, what service do you guys use to trade bitcoin in myr?
*
I'm using localbitcoins and remitano.

Wow! Dramatic drop! Looks like quite stormy at the peak.

Managed to pickup some at RM 5100. rclxms.gif
Nocomment25
post Feb 24 2017, 10:02 PM

New Member
*
Junior Member
18 posts

Joined: Jun 2016
Guys I got a surprise.. bitx or luno, can fund your account and buy bitcoin in malaysia.. check it fast!!
wengherng
post Feb 25 2017, 12:00 AM

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

Joined: Jun 2008
QUOTE(Nocomment25 @ Feb 24 2017, 10:02 PM)
Guys I got a surprise.. bitx or luno, can fund your account and buy bitcoin in malaysia.. check it fast!!
*
Not really a surprise......BitX has been here for quite some time.
Just that around November or December last year, they ran into some trouble with the banks, and their bank accounts were frozen and later closed, hence nobody could deposit or withdraw in MYR.
It is only recently that they rebranded themselves into Luno and got themselves another bank account, and started accepting RM deposits and withdrawals again.
As mentioned, you can use Localbitcoins or Remitano, and also there is another exchange called XBit Asia.


Napoleon Hill
post Feb 25 2017, 09:05 PM

New Member
*
Junior Member
5 posts

Joined: Feb 2017
Help me guys!!

Anyone here who knows about deuscoin??
Is it the same as bitcoin? another cryptocurrency?
wengherng
post Feb 26 2017, 12:36 AM

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

Joined: Jun 2008
QUOTE(Napoleon Hill @ Feb 25 2017, 09:05 PM)
Help me  guys!!

Anyone here who knows about deuscoin??
Is it the same as bitcoin? another cryptocurrency?
*
Nothing much is known about this new altcoin (i.e. alternative cryptocurrency) except that it just started on 1st Jan 2017, and is less than 2 months old.
They claim to be based on Litecoin, but their website does not offer any further information on the use, technology, security and as far as I can see, it does not bring anything new to the industry (unlike for example , Etheruem with it smart contracts, Monero with its zero knowledge concept, etc.).
Also, they claim to be mining-free, but 1 million coins are created every single day, with a halving duration of 50 days (don't ask me how these coins are created without mining, or who creates them).
Furthermore, there is a thread on Bitcointalk where some forummers have already alerted that the founders are the same scammers from the infamous Bitkingdom saga.

Read about it here:
https://bitcointalk.org/index.php?topic=1731787.0

At the moment, it is not known if they are legit or not, but personally, until more information is released, I would put them on high SCAM alert.
Too many useless and pointless altcoins are being created everyday, with the sole purpose of scamming the naïve population eager to jump on board the cryptocurrency bandwagon.


effectz
post Feb 26 2017, 09:19 AM

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

Joined: Oct 2006
I heard about sbxcoin too. Very suspicious about it.
wengherng
post Feb 26 2017, 03:19 PM

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

Joined: Jun 2008
QUOTE(effectz @ Feb 26 2017, 09:19 AM)
I heard about sbxcoin too. Very suspicious about it.
*
There are dozens of altcoins in existence, with more being created every now and then.
Most of them are just rubbish, bitcoin-wannabes that bring no substantial innovation to the table.
I wouldn't trust my money on anything out of the top 5.


sirxl
post Feb 26 2017, 07:27 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


QUOTE(bonedragon @ Feb 24 2017, 06:52 PM)
Hi guys given some of the more popular exchanges can't do myr transactions anymore, what service do you guys use to trade bitcoin in myr?
*
Luno, been using them since NOV 2014.

Sign up for Luno and get MYR 5.00 worth of Bitcoin when you buy or sell BTC 0.10, using code: 8NBYU

Sign up now at www.luno.com


sirxl
post Feb 26 2017, 07:34 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


QUOTE(wengherng @ Feb 26 2017, 12:36 AM)
Nothing much is known about this new altcoin (i.e. alternative cryptocurrency) except that it just started on 1st Jan 2017, and is less than 2 months old.
They claim to be based on Litecoin, but their website does not offer any further information on the use, technology, security and as far as I can see, it does not bring anything new to the industry (unlike for example , Etheruem with it smart contracts, Monero with its zero knowledge concept, etc.).
Also, they claim to be mining-free, but 1 million coins are created every single day, with a halving duration of 50 days (don't ask me how these coins are created without mining, or who creates them).
Furthermore, there is a thread on Bitcointalk where some forummers have already alerted that the founders are the same scammers from the infamous Bitkingdom saga.

Read about it here:
https://bitcointalk.org/index.php?topic=1731787.0

At the moment, it is not known if they are legit or not, but personally, until more information is released, I would put them on high SCAM alert.
Too many useless and pointless altcoins are being created everyday, with the sole purpose of scamming the naïve population eager to jump on board the cryptocurrency bandwagon.
*
Deuscoin?
from the reports in the BTC 1 and 2 group, it's a product made by the Bitkingdom people.
Stay away from them.
kmarc
post Feb 27 2017, 10:37 AM

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

Joined: May 2006
From: Sarawak



Didn't managed to get some Bitcoins last weekend when it was low. sad.gif looks like on the uptrend again.....

Was doing some research on ant miners.... so difficult to get these "critters" biggrin.gif in Malaysia. Anybody doing mining?
jack2
post Feb 27 2017, 11:53 AM

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

Joined: Oct 2004
QUOTE(kmarc @ Feb 27 2017, 10:37 AM)
Didn't managed to get some Bitcoins last weekend when it was low. sad.gif looks like on the uptrend again.....

Was doing some research on ant miners.... so difficult to get these "critters" biggrin.gif in Malaysia. Anybody doing mining?
*
wow

1193
confusman
post Feb 27 2017, 01:58 PM

New Member
*
Junior Member
12 posts

Joined: Oct 2008


Hi all. Anyone here mining bitcoin by itself?
wengherng
post Feb 27 2017, 04:37 PM

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

Joined: Jun 2008
QUOTE(kmarc @ Feb 27 2017, 10:37 AM)
Didn't managed to get some Bitcoins last weekend when it was low. sad.gif looks like on the uptrend again.....

Was doing some research on ant miners.... so difficult to get these "critters" biggrin.gif in Malaysia. Anybody doing mining?
*

Still two weeks till 11th March.
I believe we will still be seeing quite volatile price swings in bitcoin until then.
At the moment, I'm still undecided whether to buy more bitcoins before then, or buy Ether.

kmarc
post Feb 27 2017, 05:59 PM

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

Joined: May 2006
From: Sarawak



QUOTE(wengherng @ Feb 27 2017, 04:37 PM)
Still two weeks till 11th March.
I believe we will still be seeing quite volatile price swings in bitcoin until then.
At the moment, I'm still undecided whether to buy more bitcoins before then, or buy Ether.
*
Yeah, looks like it. I'm holding back some bullets too. See how's the trend.

Ether? Going to check it out! tongue.gif biggrin.gif
sirxl
post Feb 27 2017, 07:04 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004


QUOTE(kmarc @ Feb 27 2017, 10:37 AM)
Didn't managed to get some Bitcoins last weekend when it was low. sad.gif looks like on the uptrend again.....

Was doing some research on ant miners.... so difficult to get these "critters" biggrin.gif in Malaysia. Anybody doing mining?
*
there are a few mining groups in telegram.
most of the guys are in telegram.



155 Pages « < 143 144 145 146 147 > » Top
 

Change to:
| Lo-Fi Version
0.0404sec    0.37    6 queries    GZIP Disabled
Time is now: 3rd December 2025 - 05:43 AM