I fully agree.
I can only buy once a month after my salary comes out, and it's so painful when I saw the price that I could buy it at, last month.
Original entry price was way back in the teens though, so I guess I shouldn't complain.

As already mentioned by others, we desperately need ETH/MYR on Luno.
You guys are missing out on a lot of business opportunities here.
Any plans to roll it out in the near future?

Quite frankly, I think it's great that we are not on mainstream news yet.
I prefer it that way, at least until I can accumulate more BTC and ETH.
At least give it another year. Hehe.

This is the last official statement from Bank Negara Malaysia regarding bitcoin (I assume it refers to cryptocurrency in general).
There are no new regulations or legislation.

http://www.bnm.gov.my/index.php?ch=en_anno...t&ac=49&lang=en

But, if they ever do try to do anything funny with my stash, I'll just move it elsewhere.
The world is a big place to play in......don't be limited to just one small country.

Wow this is crazy.
Everything is going up too fast and money is pouring into cryptocurrency like there's no tomorrow.
No more buying for me for the moment.
"Be fearful when others are greedy, and be greedy when others are fearful."

Oh, I am fully convinced that the overall long term trend will be heading upwards.
Just that I think the current meteoric rise over the past two days is more due to public euphoria than anything else.
I would really like to see a more stable support level being formed first before the price continues on.
But I'm all out of funds at the moment anyway, so it doesn't make any difference.

I received an email from Ledger yesterday saying that my order was shipped from France!
Hopefully I get it within the next few days.
So, like you, I'll be having 2 hardware wallets as well.

That's great, hope they will release the update very soon.
Meanwhile, unfortunately, I still have quite a bit of other types of coins that are currently unsupported by any hardware wallets......guess I have no choice but to leave them on the exchange.

No, I got it directly shipped from France for EUR 58 plus EUR 23.70 shipping.
So, total was EUR 81.70, or around RM388.
But, bear in mind that I am currently not living in Malaysia.
No idea why it is more expensive to deliver to Malaysia though.

Sorry, a bit off topic, but every time I hear the name "Pennywise" it gives me the chills.
Anyone who watched "IT" adapted from Stephen King's novel of the same name would know what I'm talking about.
Coulrophobia, anyone?

I must be the craziest person here.
I think about 40% of my total investment is in cryptocurrency.
Do NOT follow what I do.
It's sheer lunacy.

There really is no minimum amount required.
However, the maximum amount should be whatever amount you are fully prepared to lose completely without affecting your life negatively.

Just one small advice......be realistic in your expectations.
If you put in RM100 today, do not expect to see it become RM 1 million next year.
Always assess your performance in terms of percentage, not dollar amount.
And visit the first page for more details.
Good luck!

Thanks for your efforts.
This thread is excellent.
All the forumers here just help each other in whatever ways we can, with a lot of support and advice all around.

That really depends on your personal preference, risk appetite and investment objectives.
Personally for me, I prefer cryptocurrency over gold, for various reasons, but that's just me.

Actually, I'd even go so far as to say I'm a 7 or 8.
Most of my investments are in unit trusts, and even those I go for the highest risk ones (small caps).


In the grand scheme of things, cryptocurrency is still very much in its infancy phase, as we are only about 8 years old from when bitcoin first became commercially available.
In fact, most of these high performing altcoins you see today, only started within the last 4 years.
I am convinced that cryptocurrency is a game changer, and will totally revamp the way we see finances and money......sort of like how electronic calculators replaced the abacus, and the email replaced conventional snail mail.
So......no, it is not too late, and we are still many years away from its "peak".

In the short term, though, prices during the last few days have been very volatile, so if you are thinking to join the club, I would advise to spread your purchases instead of one large lump sum.
As with any other investment vehicle, though, please exercise extreme caution, do your own due diligence to educate yourself in cryptocurrency, and only invest whatever amount you are prepared to lose.
Good luck!

As with any other online exchange, Luno uses the average price for its charts.
Meaning, the bitcoin price you see on the top right of the page, is the prevailing average price between the highest bid and lowest ask on their exchange, at the point of their system refresh.
Especially for exchanges with low liquidity, where the buy/sell spread is larger, you will see a very large difference between the "bitcoin price" and your effective buy or sell price.
For example, if the lowest offer is RM 7000 and the highest bid is RM 6600, the quoted "bitcoin price" on the website will be RM 6800, but it doesn't mean you can actually buy or sell at RM 6800.

Well, if you could consistently offer a price that is slightly lower than the lowest asking price on Luno and XBit Asia, then you'd do alright, I reckon.
But bear in mind that this also depends heavily on market sentiment at any given time.
When the market is volatile (for example during sudden bull runs) then buyers are usually more willing to pay a higher price, which then narrows down the buy/sell spread.
I've seen spreads as small as RM 30 on XBit Asia before, meaning you could buy/sell very near the quoted average price.

So are you bidding for wootz.eth?

I still hold two stock counters, both dividend stocks.
Unit trust I am holding because I withdraw from my EPF account every 3 months, as I do not trust the government with my money. Served me well so far......touch wood!

Mate, as someone who is listed as the top 6000 ETH holders in the world, you are not qualified to make such a statement......
Damn......you must have at least 5000 ETH in your account to get such a ranking......

If you are serious into investing with cryptocurrency, it is strongly advisable to get a hardware wallet.
Ledger Nano S is a good one that you can look into.
Check out a few pages earlier, Jack2 is organising a group purchase to get better discounts, you can contact him by PM if you are interested.

Actually, for newbies, I would recommend starting off with online exchanges like XBit Asia, Luno, Coinhako, etc. depending on where you are.
More systematic and structured, and you don't have to worry about scammers (though price might not always be the best).
Localbitcoins is OK but you just need to exercise caution to protect yourself.

I don't hold any STR......what's the deal with this coin?
Does it actually have any real life usage, or is it only just the classic pump and dump token?
I looked at the history charts and seems it had been on a steady decline since the last two years, and it suddenly recovered all its losses over the last two years in less than 4 days.
Very suspicious.

This post has been edited by wengherng: May 8 2017, 11:45 AM