I'm using localbitcoins and remitano.

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

Managed to pickup some at RM 5100.

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

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

Yeah, looks like it. I'm holding back some bullets too. See how's the trend.

Ether? Going to check it out!

Shucks. I don't even know what is telegram. Had to google for it.

Can you give an idea of the expenditure involved and the profits generated? E.g. how much paid, what package did you choose, how much are you getting, etc. Thx.

If it is going up much much more, I think 100% is peanuts.

Damn, I just can't decide whether to get other crytocurrencies or not. I was actually only aiming for one high-risk investment.

Which exchange would be good to buy ethereum? At least, I can use BTC to buy ethereum. Then comes the problem of cold storage which my yet to arrive Trezor wallet doesn't support.

BTC at RM 5324!

Why the expected drop?

Thx for the info. I already ordered Trezor. Wait I become millionaire when BTC shoots up then I will buy Ledger.

Oh, new thing to me - paper wallets??!!?? Had to google it. Interesting concept.....

I see. Many things to learn. Hope not too late to join the bandwagon especially newer crytocurrencies.

Just learnt paper wallet from you. Still need to do some research to see whether viable for me or not. Maybe print out many copies and hide everywhere.....

Which crytocurrencies are you investing in?

This post has been edited by kmarc: Feb 28 2017, 11:49 AM

Helps a lot. I'm 2 weeks old in crytocurrencies. Bought a bit of bitcoins but got scared after it went up dramatically the past 2 weeks. That's why thinking of whether to get other types of crytocurrencies. Will check out poloniex.

So I guess your crytocurrencies are kept in paper wallet?

This post has been edited by kmarc: Feb 28 2017, 02:23 PM

I'm using Remitano but so far never sold any.

I see. Hmmm.... searched on hardware wallet and not many hardware supports such variety of crytocurrencies. Maybe in the future they will make one. In the meantime, looks like if I buy some, probably just have to keep on the exchange or online.

Noticed another thing. Would be easy to buy other crytocurrencies without using MYR directly as I think not many exchanges deal in MYR? Just buy bitcoins using MYR and use bitcoins to buy others. I don't see any disadvantages to this, is there?

This post has been edited by kmarc: Feb 28 2017, 08:35 PM

Yeah, bought Trezor hardware wallet but had to backorder. No news of delivery yet. Oh, so other crytocurrencies besides bitcoin is termed as "altcoins". Cool.

Unfortunately, all those altcoins that you guys recommend, e.g. Ethereum, Dash, monero has been going up for the past 2-3 months. I'm late as ever!!!

This post has been edited by kmarc: Mar 1 2017, 01:48 PM

Just bought some altcoins using bitcoins on Poloniex - ETH and FCT. Wanted to buy XMR but the website became very slow, can't even do anything. I don't have any strategy but I'm thinking I will just buy 100 of selected/recommended altcoins and keep in cold storage.....

This post has been edited by kmarc: Mar 1 2017, 05:29 PM

Good advice that everybody should follow. However, I just don't have the time to go into the details. I used to be a safe investor, something like 80% low-risk instruments and 20% low-moderate risk (never did count the percentages actually). Now with crytocurrencies, I'm probably aiming, say, a maximum of up to 10% of the total so I guess I'm still safe

As I consider this a high risk high return investment, I'm going all the way, considering the fact that the potential for Bitcoins and altcoins to shoot to the moon. I'm not looking at 10, 20 or even 100% gain, mainly because this man-made craziness can give 4 to 5 digits gains in terms of percentages. Or another way I'm looking at this, If I consider this investment as x ringgit, I'm prepared to lose the 1x so that I can maybe get 10x. Gambling? Only time will tell.

Of course, that's just me. Those reading this please don't follow me or this man-made craziness. I still have my 90% investments that is probably very safe. Everybody should have their own strategy and should heed the advices given by our experienced investors here!

If you can afford not getting any profit or even losing some, why not go all the way!

True. Security is a concern especially when there is no cold storage available.

Bitcoin surged past RM5,500......

One thing I find very convenient is that if I want to buy altcoins, I just buy bitcoin at whatever price, transfer to poloniex, then buy altcoins. With this method, it doesn't matter what the price of bitcoin is and I don't have to worry about the exchanges not accepting MYR. Of course, there is the premium that have to be paid when buying bitcoins in exchanges.....

This post has been edited by kmarc: Mar 2 2017, 09:44 PM

Yeah, I can't believe how easy it is to do cross-border transactions using different currencies. With bitcoins, it opens up endless possibilities. When I was into stocks a few years ago, it was so difficult to start trading overseas stocks that I never got the chance to do it. Now with bitcoins, I can just use any bitcoin/altcoin exchanges anywhere in the world. Borderless and not limited by MYR!!!!!

Thanx for the info. I need to look into Shapeshift and it's wallet.

For bitcoins/altcoins, my aim is to accumulate. Not planning to trade.

Yeah, did notice the maker/taker fees. As my aim (hopefully) is BIG gains, the fees will not be an issue.

At the moment, I bought some DASH, XMR, XRP, FCT.

Any other recommendations? Next time if I become millionaire through this man-made craziness, I will belanja you makan. Of course, if crash, can only belanja "air kosong with ais".

Yeah, it is human nature/greed to basically speculate on anything they can get their hands on. Stocks, commodities, forex and now bitcoins/altcoins. Not my cup of tea either as speculation can go either way unless you have insider info.

Not sure but I use bitcoins to buy ETH. That's the beauty of bitcoin at the moment since it is the most well-accepted crytocurrency currently and there are a few peer-to-peer exchanges that allows MYR. Say you want to buy RM 1,000 worth of ETH. Just use any of those exchanges to buy RM1,000 worth of bitcoins. Once bought, just transfer bitcoins to the exchange that deals ETH and buy using bitcoins. The other good thing is that it doesn't matter how much bitcoin is worth at that point of time as you are only buying what MYR amount you want.

One disadvantage of this method is the premium or fees involved. You many need to pay a premium or fee when buying bitcoins. However, I find I can get a good price on bitcoin on remitano peer-to-peer exchange. You just have to wait for the right person to come online and advertise their bitcoins price. At certain times, I could buy bitcoins without any premium or even slightly lower than the spot bitcoin price!!!! There are also transfer fees from one exchange to another and buying fees when you buy ETH. I guess if the fees are important to you, you would need to calculate how much fees are involved in total if you want to use this method.

Oh ya, using bitcoins, you basically can buy whatever type of cryotocurrency you want!

Nope. Localbitcoins and Remitano deals only with bitcoins.

This post has been edited by kmarc: Mar 4 2017, 07:57 AM

Barry, I'm not too sure whether this is the right time to enter bitcoins. The main reason is that by 11th March, SEC will have to decide whether bitcoin ETF is a go or not. There are two predictions on what will happen. If the ETF is approved, it is estimated that maybe 300 million (if not mistaken) will be available to pour into bitcoin, making the price of bitcoin shoot up. How high it can go in the medium and long term remains to be seen, estimated from USD 2,000/BTC to USD 10,000/BTC to even 1,000,000/BTC!!! Do remember that these estimates are unsubstantiated rumours/prediction that only time will tell. On the other hand, if the ETF is not approved, it is predicted that there will be some correction as recent surge in bitcoin value is probably secondary to the hope that bitcoin ETF will be approved. How much correction is anybody's guess but it probably won't be much as there are actually 3 ETFs awaiting SEC approval. Besides the 11th March ETF dateline, there's also the 30th March ETF dateline. I don't know about the last ETF dateline though. Of course, like the dotcom bubble, one may never know if bitcoin will eventually crash to the ground.

If you are still serious in buying some bitcoins now, we can help you get started. I'm only 3 weeks old in crytocurrencies but have been buying some bitcoins and altcoins. Of course, we have some sifus here who are, well, sifus in crytocurrencies!

A word of advice from our sifus. Do know what you're getting into and do your own research. You don't want to lose your hard-earn money on cryptocurrencies which I consider a high-risk (but high-return) investment.

This post has been edited by kmarc: Mar 6 2017, 09:26 PM

That's the beauty of cryotocurrencies! Convenient without conversion rate with minimal charges. However, I won't be the best person to ask this as I'm buying for investment. I have not sold any bitcoin yet.

You quoted his phone number. How's he going to delete it?

Oh, I hope to see a bitcoin ATM one day. Still don't fully understand the whole bitcoin infrastructure.


Damn. I googled your keywords and I can't make head or tails what they were discussing about. Mind to share in layman terms especially why it is exciting?

Oh, meaning bitcoin will become something like ethereum and ethereum classic? What's the implication on the value of existing BTC, implication for current BTC holders and the future of BTC?

I guess we should follow the "upgraded" BTC rather than core BTC?

Congrats! You used Xbit Asia?

This post has been edited by kmarc: Mar 7 2017, 12:35 PM

Oh thx. Will read the link later on.