Open an account on Poloniex, go to "Deposits and Withdrawals", select BTC Deposit, copy the given address, go to XBit Asia account, click withdraw bitcoin, paste the address you got from Poloniex, click withdraw, and you should get the bitcoin credited into your Poloniex account in due time.

Unless you really need the money, why don't you just keep your holding of ETH instead?
In the long term, ETH will undoubtedly be worth a lot more than the current market price.

Hey everyone,

Just want to give a short announcement here that we will be starting v3 for the cryptocurrency thread.
Kmarc and myself will start it and work on it a bit (we want to start the thread properly with all the proper and useful information in the beginning).

So, please do NOT visit the new thread yet, and do NOT post anything there first, until we get it up and running, OK?
Meanwhile, let's continue to use this current thread still.

Thank you!

Unfortunately, in Malaysia, we really do not have much choices.
It's not that the site themselves price the coins too high, it's that generally the liquidity in Malaysia is too low to sufficiently even out the buy/sell spread to match global average prices.
Meaning, there are a lot more people trying to buy cryptocurrencies, compared to the amount of people selling.
This imbalance in demand naturally causes the price in Malaysia to rise higher than global average prices.
Personally, I tend to see prices in Malaysia usually around 2 - 5% higher than on US exchanges.
That's still not too bad, considering the fact that in some countries, the premium can go up as high as 10% or more.

Hey folks,

Just want to update you guys that the new thread is created, but still needs a lot of work to update the first page properly with the full and comprehensive guidelines.
Till then, we shall continue to keep all discussions on this current thread.
Thanks all!

Oh really?
I didn't know that at all.
How do you lock a thread?

Oh, I saw that earlier, but I was afraid that if I closed the topic, it would be permanently closed.
But anyway, I can't lock it because there are a few of us here that will be doing the guide and they will need the access too.
Thanks for the info anyway!

Well, think of it this way.
When bitcoin first reached USD 1.00, everyone was commenting on how "expensive" it was at that time, because they remembered the time when it was still trading at USD 0.01.
Those people said the same thing when bitcoin reached USD 100, because they remembered the time when it was only USD 1.00.
Instead of waiting for the price to come down by 10% or 20%, why not just buy now and hold it for a while, and aim for 10000% profit instead?
The best time to invest in bitcoin was in 2009.
The second best time is NOW.


It depends on you, really.
I have all my ETH in one single address, then I subsequently opened up a few other addresses, each holding a single type of coin.

Time and tide wait for no man.
Fortune favours the brave.
Do your due diligence, arm yourself with knowledge, and then take action with faith.

Also remember, too much analysis leads to paralysis.

Please feel free to disagree, I think it is very healthy to have constructive debates and that's exactly how we learn from each other.
I am not a very technical kind of investor, so I cannot comment on buy levels and sell levels, etc.
You're probably right.
All I can say is that I speak from personal experience, and when I bought ETH back when it was around USD 16, a lot of people were saying that it was expensive, we'll see it drop back to USD 10 soon, etc.

I'm the very lazy and naïve kind of investor, who just happens to have a little bit of faith in the future of cryptocurrencies, so even if my coins lose 50% of their price tomorrow, I wouldn't be losing any sleep over it.
If I believe BTC will reach USD 10k in future, then it doesn't worry me too much whether I bought at USD 2500 or USD 2950.

But I do get where you're coming from, though.
For traders, entry price levels are important.

Roger that!
Insane amount of valuable information there, I must say.

OK I will.
Good ideas, those.
Busy now, but I'll get around to it later.

ICOs are a bit more difficult to grasp, because there is no historical performance for investors to gauge (unlike existing cryptocurrencies where you can see the past trading history and prices, etc.) so a lot of it has to be based on faith alone.
You're basically giving your money to some folks and just "hoping" that they will deliver what they promised.
Inevitably, some really do deliver, and the token prices rise slowly after being made available on public online exchanges.
Some, however, quickly lose 99% of their price within the first few weeks, days or even just hours after launching.

Bottom line is, do not feel pressured to invest in anything that you feel uncomfortable in, no matter how good the projected/potential returns are.
No financial investment is worth losing your sleep over and affecting your quality of life.

There are many apps that can do that.
For iOS, I am using Coincap, but there many others that can do the same.

We actually didn't start off with that in mind, but as the early forumers in this thread are mostly traders and investors (as compared to miners), the entire thread's tone was focused on trading and investing only, since the beginning.
But since now there are more and more people joining into the thread, with quite a bit of interest on the topic of hardware mining, I would say that we should separately have a thread, specifically on Cryptocurrency Mining, and have it in the Hardware section, where it should be.
But I personally do not mine, so some of the other mining sifus here will have to take the lead on the mining thread.

125 ETH minimum......that's pretty steep.
Not accessible for the average Joe.

Cool.
I wish you all the best!
I think I'll sit on the sidelines for all these ICOs for now.
Want to concentrate on researching more about the many popular altcoins first.

Hello folks!

We're at 260 pages on this thread, with more than 5000 posts already!
Incredible progress, and I'm in awe of how many new faces we see (figuratively speaking) on this thread over the last few weeks!

As announced earlier, we have created a new v3 thread, and both @kmarc and @WooTz have spent considerable time compiling the guides on the first page.

https://forum.lowyat.net/topic/4320604

Let's officially migrate to the new thread now, and continue on the excellent discussions and helpful debates on cryptocurrencies!
See you there!