I'm also kinda new to this. And i do have a slight inclination to know more. TS, do you familiar with btcpips.com? A fren been promoting bitcoin to me and keeps on mentioning this site.

Looks and smells like another HYIP scam.

a) "Expand your network" with our "marketing plan"
b) "The more you provide help, the more you earn"
c) "Community funded platform"

Doesn't seem to be about trading as the main focus.

U think so bro? He do mentioned a lot of GLC top guys joined him, but for me that just a typical MO for a scam, just like ufun, mface and the likes

But, to his credit, i now exposed on what is bitcoin and really looking forward to it. And your thread really helps.

Bitcoin goes 8% to $626 today.

Chinese captal flight and pre-halving pump?

668.3 USD already. Going nuts.

Strangely enough Ether is joining the fun, so much for inverse correlation. ATH today.

Yeah I finally exited the DAO. So many issues. Even moving it from the wallet was a pain.

hi, im new here. i've been approach by my friend to join this bitcoin trading and it really got my attention. but after a long conversation, then i realized he is from bitkingdom.org. with the benefit almost 1% for ph (provide help), it really too good to be true. does anyone here have join this bitkingdom? or are they really scam?

I don't get it..set up pc to mine & awarded bitcoin. Just like that? how does that work?

It's probably too good to be true. Even bitcoin exchanges don't have any interest. Eventually, some people will lose money from schemes like that. Do you own due diligence better. If you want to do trading use some legit and well known exchanges. Try coinhako.com or bitx

agreed with you.. But so far I cant find any solid proof to prove that this bitkingdom is a scumbag taking advantage of peoples. I only found some discussion and blog entry on this bitkingdom. We need to expose people about this if not a lot of people will fall into this scheme.

my friend also involve in this. the good i see with bitkingdom is there is a community and can ask help because i am on my own and i dont where to start

try to read this article.

http://fxsebenar.blogspot.my/2016/02/pembo...berasaskan.html

Im not sure whether its a legit blog entry or not. Need opinion from others on this also

A Bigger Helping Hand Grin No Hyip,No Investment,NO MLM, just Helping Hand  Smiley
BitAnt is a decentralised community to build a stronger economy among participants.
100% Decentralised
Not only distribution system, but we use decentralised currency - BitCoin
Serve The Community
At BitAnt, to serve the community is our highest priority. We are the best to distribute financial aid among participants through our ground breaking algorithym. The community is us, and we are the community
Simultaneously launch at 8 country :(Singapore, Brunei, Thailand, Vietnam, Cambodia, India, China & Malaysia)
- Provide Help (PH) : Daily Limit
- Manager Qualification : 30 Direct Sponsor
- Payment Gateway : BitCoin (BTC)

Hi guys! I am a big cryptocurrency fan and thought I would like to share my knowledge with everyone as too often the lack of knowledge is being used to scam people such as unethical Ponzi/pyramid schemes like OneCoin, Capricoin, Utoken, MMM, Bitclubnetwork, BitKingdom, Coinbit, AviaBitcoin that use Bitcoin to evade BNM regulations by accepting Bitcoin deposits only.

Please feel free to ask any questions you may have about Bitcoins or other cryptocurrencies and I'll be happy to answer.

To begin with here's an introduction to the top 10 cryptocurrencies accurate as of today in terms of market capitalization.

SUMMARY OF TOP 10 CRYPTO CURRENCIES IN TERMS OF MARKETCAP

1. Bitcoin (6.3 bil market cap) The first decentralised cryptocurrency. Most merchant adoption and public awareness. Currently going through some disagreements on how to upgrade it to handle increased transaction load.

2. Ethereum (757 mil market cap) Very hot new crypto. Doesn't seek to be a currency but as a decentralised platform for applications to run. For e.g. self executing contracts that once placed in, will auto perform it upon conditions being met free from third party interference. Recently enjoyed a huge boost in price.

3. Ripple (271 mil) More aimed at banks/financial institutions and payment networks as a settlement infrastructure technology. This allows banks to settle with each other quickly at low cost reducing transaction fees.

4. Litecoin (145 mil) Used to be the no.2 cryptocurrency. Was the first altcoin that hoped to make transaction times faster and for mining to be decentralized. However these improvements have been replaced by better solutions in other coins. Development has slowed a lot and has not developed any innovative features in a while. However, still a lot of people invested in it which keeps it alive.

5. MaidSafe (45 mil): Recently gained a lot in price. Intends to replace centralized datacenters by building a fully decentralized data and communication network. That means people who participate in MaidSafe allow part of their computers to be used by other people in the network be it computing power/disk space. For e.g. it's like Dropbox except that instead of being held in Dropbox centres, your data is spread throughout the network by everyone who uses MaidSafe too in a safe and encrypted way.

6. Dash (26.6 mil): Aims to compete directly with Bitcoin as a digital curency by solving all major problems that Bitcoin has. This means instant transactions, anonymous transactions and eventually decentralized payment processors and easy to use APIs. Has a self governance model that allows stake holders to vote on the future and direction of Dash (unlike Bitcoin which relies on miners and core devs). One of the few currencies that derives its funding from its own blockchain.

7. Dogecoin (23.6 mil): Started out as a joke coin and has almost the same features as Litecoin. Fun and wide community support but little in the way of revolutionary features. One of the earlier cryptocurrencies.

8. Factom (19.7 mil): Aims to be the premier solution for records management and notarial services. For e.g. in medical records, supply chain management, voting systems, property titles. It creates an immutable audit trail. Whereas Bitcoin's blockchain stores transactions, Factom is designed to store any data.

9. NEM (15.2 mil): Experienced a huge gain in price recently. Doesn't require mining and uses POI. Has integrated messaging and multi-signature. Distributed its coins through a crowd sale. Secure messaging. Aims to be the premier solution for creating your own tokens, ledger system, asset listing without having to maintain or create your own blockchain.

10.  Monero (11.6 mil): Monero focuses on privacy with privacy at its very core. Unlike other blockchains which are transparent and publicly viewable, Monero's blockchain is opaque meaning people cannot trace your payments.

HOW DO YOU GET BITCOINS?

Get yourself a proper wallet. For Android, I recommend Mycelium, for iOS I recommend Breadwallet. For desktop usage, I recommend Multibit HD or Electrum.

You can technically also mine them but you won't get much in most cases for it to be meaningful unless you have a lot of money and a source of cheap electricity.

You can grab them off Malaysian exchanges or through trading groups.

These are the three I trust:
Coinbox Fastest deposits and withdrawals. Malaysian company. 1% fee on withdrawals but free trading.
BitX Great mobile app and website. Competitive market. 1% fee on taker.
Coinhako Buy and sell Bitcoins easily.

Although I trust them, they are by no means foolproof as regulatory approval is a bit grey. Trading groups can also be very risky so as a newbie I would advise sticking to the exchanges.