Yeah, not to mention the premium of buying MYR to BTC. Now I can't seem to get a good price in localbitcoins or remitano. Registered at Xbit Asia and found some BTC was already sold at comparatively lower price today but transferring MYR to Xbit takes 2 working days and liquidity is low. Bid sell price was sky high.

Also the hassle of selling bitcoins/altcoins to convert to MYR.......

Yup, that's the main problem, "in Malaysia, your choices are severely limited".

Luno too? So bad......

This post has been edited by kmarc: Mar 20 2017, 08:40 PM

GDAX adds margin trading for BTC, ETH and LTC.

Nice!

Yup, xbitasia is dead while luno has sky high prices

This post has been edited by 1wildcat1: Mar 20 2017, 09:25 PM

Nice! Hope to see some movement on ETH and LTC.

On Poloniex, someone is lending out 175k ETH at 0.0001%!!??!! I can't even lend out my ETH. Wonder what's going on?

Shucks. Looks like I have to stick to localbitcoins and remitano for now.

I wouldn't touch margin trading with a 10-foot pole.
But great for those who do.

Both lbc and remitano has crap prices too... sigh

Only that they allow millionaires to touch.

Positive signs for institutional investors.

This post has been edited by WooTz: Mar 21 2017, 09:11 AM

Occasionally can get good prices but not recently. I prefer localbitcoin as you can communicate with the seller first before transferring money.

I've never used such peer to peer exchanges before, how does it work?
Do you have to transfer the money to the seller first before they transfer the coins to you?
Or does Localbitcoins function as an escrow company?

You initiate the trade, the seller will give you his details. Which then you will bank in the amount with a specific reference code that is provided. After that, you click payment paid and the seller would check and release the coins.

All coins will be in escrow.
Around early January to early Feb, LBC had coins at around 1-2% higher than market price... something changed and it's like 7-8% now which is ridiculous

Yup. As described by 1wildcat1. Also have to check which bank they prefer. Instant interbank transfer is usually instant but I usually look for sellers with the same bank.

For remitano, there's no communication with the seller. You have to ensure they are online, then bank in the money, then wait for release. However, I sometimes am afraid that they suddenly go offline or is not at the computer. I usually checked to ensure they have phone contact registered with remitano so that remitano can summon them using phone after 3 minutes if BTC not released from escrow.

For localbitcoins, you can send message when buying. I will usually ask seller whether can proceed with the trade. There was one time the seller was online but was sleeping! Waited for 60 minutes then cancelled the trade. Luckily didn't transfer money.

I think for both sites, not a big problem as the BTC is kept in escrow should any dispute arises but I like to settle the trade there and then.

This post has been edited by kmarc: Mar 21 2017, 11:11 AM

That's even higher than using XBit Asia or Luno.
I think I'll just continue using the exchanges for my sales.

The reason why altcoins are gaining : Bitcoin Falls to Lowest Share of Cryptocurrency Market, Altcoins Surge

https://cointelegraph.com/news/bitcoin-fall...-altcoins-surge

This post has been edited by kmarc: Mar 21 2017, 04:34 PM

I believe that's only part of the equation.
One of the side effects of the ETF saga is that a lot of other people (previously non-crypto investors) have been exposed to this "new" hot investment vehicle, and as a result there is new capital inflow into the cryptocurrency industry as a whole, either to bitcoin or to other coins.
True that most people treat this solely as just an investment alternative, to gain quick profits, etc. but the fact remains that there is so much more exposure and spotlight on cryptocurrencies now that we can see that the industry will only get bigger and bigger in general, in terms of market capitalisation.

I believe so too as I'm also one of the previously non-crypto investors who entered cryptocurrencies because of the ETFs and its predictions.

Yeah, it looks like more and more funds are coming in, which is good for those already vested in cryptos. Everyday see altcoins being pumped, so nice for those holding them. I lost count but I'm holding quite a lot of different coins too.

My feeling is that more funds will go into altcoins until BTC issues are sorted out. Once that happens, money will flow back to the winner and altcoins may take a slight hit. Good to do some trading then!!!

Update : My Trezor is finally on the way!!!!

This post has been edited by kmarc: Mar 21 2017, 10:00 PM

I'm considering getting one myself.
Or a Ledger Nano S.
Need to keep my altcoins secure too.

I was also considering the Ledger Nano S due to different altcoins support but decided to wait for a device that can support more types of Altcoins. Luckily Trezor supports a few including ETH.

Have been doing a bit of research on other exchanges but they don't have so many altcoins like Poloniex. Wanna distribute my funds for security reasons.

Sellers selling at market price for now on xbitasia, that's good news! Hope it lasts.

Nice! Now the inconvenience of transferring money over, emailing them the proof and waiting 2 business days. Inconvenient!

Once Vitalik writes up a blog post regarding the hybrid POW/POS. I'd expect the price to resume its climb.

That's both a reduction of issuance and a testbed for scalability.

Exciting times for the year quarter ahead

This post has been edited by WooTz: Mar 22 2017, 05:14 PM