Localbitcoin and Remitano doesn't charge any fees for buying. Only charge minimal for transfer but I can't remember how much. Never sold so don't know.

Xbit Asia charges 0.5% for buyer and 0.8% for seller. Not sure about the rest.

Anyway, sold a bit of dash. Waiting for the next downturn.

ETH on the move, too late to buy.

This post has been edited by kmarc: Apr 13 2017, 11:50 PM

Damn, this always happens to me...!
Going to receive my bonus by end of April, was originally thinking to put them into ETH, and whaddya know, the ETH prices surge past USD50 now.

I think yesterday's altcoin rally was because of some bad news on bitcoin:
https://news.bitcoin.com/skeptics-show-conc...ns-a-following/
https://news.bitcoin.com/india-government-c...tigate-bitcoin/

The unresolved issue on bitcoin's future and also the problem of using bitcoin for illegal purposes. Unless there are further news, I think things should settle down and we'll still get some opportunity to buy in. Dash has been going up and down, good for trading for me!

Now the technical guy is estimating $80-100 for the next bull run

It's always a good time to buy.

Goddamn PH delaying my bank transfers. I want to buy at $43

Somehow today is speedy, bought more at $49.90

This post has been edited by WooTz: Apr 14 2017, 08:19 AM

Nice. Got a bit of bullets from Dash but I'm watching at the sides first. I think past one month I already bought in at 40, 42, 44, 46, 47, 49, 52.......

This post has been edited by kmarc: Apr 14 2017, 08:42 AM

Thanks. Nice read.

I qoute a part of article:

"I do not agree with Japan and what has happened in Japan, nobody knows. It is our country, our nation. […] The RBI has to take action and I will see that they do take action." India Finance Ministry.

It's like Japan is with SegWit and India isn't.

That's the part I do not understand. Governments are trying to combat money laundering but accepting bitcoins means they don't mind illegal money going in or out. I think India will go against bitcoin unless they can regulate it. If they accept without conditions, then their action of scrapping their two largest denominations would have been a futile endeavor, not to mention the chaos they created when they suddenly abolish those denominations.

In my humble honest opinion, for us normal innocent law-abiding people, getting bitcoin regulated or trackable is not a problem. We just want the ease of using bitcoin for transactions anywhere in the world. The government can track me all they want because I have nothing to hide.

I still don't fully understand the feature of anonymity in cryptocurrencies unless you want to hide something?

This post has been edited by kmarc: Apr 14 2017, 09:19 AM

Next bull run being when?
Around end May?

It's a terrible feeling, when I'm all out of bullets and cannot do anything except watch on the sidelines......

I think India is just being jealous and sour because they know they screwed up big time with the demonetisation exercise.
Their original intention was probably right, but the execution was not well thought out.
The unique feature with bitcoin (or let's say cryptocurrencies in general) is that it is, for practical purposes, untraceable. More so with zero knowledge features like with Monero.
However, many people forget that the world's most widespread and most untraceable currency has always been available and has been in use for thousands of years, and that is physical CASH, be it gold, silver, coins or notes.
Cryptocurrency is no different from cash, it just brings it into the digital world.

You have to separate between regulated and traceable. Having bitcoin regulated is mostly accepted by the public, when it comes to buying, selling, trading, KYC, how exchanges work, etc. but traceability is not acceptable (and anyway goes against the whole design and decentralised nature of the bitcoin protocol itself)
It might not mean very much when you first think about it, but consider that anonymity in cryptocurrency affects not just the user, but also each and every person he has ever transacted with, and by extension, each and every other person that they have transacted with, ad infinitum.
At some point, this reaches outwards in an all-encompassing web that will include each and every bitcoin user.
Add to this scenario the fact that the blockchain includes each and every transaction ever performed from Day One, working backwards, and you have the entire financial history and economic standing of each and every bitcoin user.
Then, consider the fact that this can potentially be extrapolated to link to your real-world identity, and the identities of every other person.
Bear in mind that in a traceable scenario, you have absolutely no say in this......you are just traceable and identifiable, your entire history......there is no privacy.
This is what the cryptocurrency community is against.
Privacy is not secrecy.
Even if you have nothing to hide, I am sure you don't want your private affairs to be broadcast on a permanently public ledger.

Yes. I also question XMR and Zcash alikes focusing on anonymity/privacy. It will def attract blackmarket/darknet.

In BTC alone, I can choose to be anonymous or not, to any other person for online/offilne transact. No issue doing business, as long as item/service is legal per se.

Yeah, especially so when it goes up and up before bullets come!

True that cash is untraceable but to bring a large amount of it around is not easy although not impossible. I used to remember we used to have RM500 and RM1000 notes but demonetized due to leakage. Not with bitcoin, send or receive whatever amount in an instant anonymously!! Well, now not so instant but you know what I mean. It's practically a godsend for you know who.

Ok, I understand. Yeah, I meant regulated rather than traceable. However, if I understand correctly, I think some degree of traceable records is somewhat important to prove the money is yours or mine? Let's say I have 10000 BTC in my wallet and the government wants to know where it came from. How am I going to proof that? Yeah, I can show a bunch of records of my receiving address but the sender's address would be largely anonymous? Or is there an easy way to show?

Which brings to another point. At the moment, all my bitcoin purchases and poloniex trades are all recorded and kept. Just in case I become a multimillionaire next time , I would need to show the tax collector that it came from legitimate sources.

Another question, I know cryptos are still new in Malaysia and the taxman probably don't know what is cryptocurrency, but are earnings from cryptos taxable? Granted small amounts nobody bothers but wait I earn millions then how?

Agreed but as mentioned above, how to keep legitimate records to show the cryptocurrency came from legitimate sources?

This post has been edited by kmarc: Apr 14 2017, 01:22 PM

Hey, can I know what wallet u using now since u don't have ledger s?

Well, basically that's the debate and point of contention between two factions of cryptocurrency users......those that advocate anonymity and those that are in favour of traceability.
I personally don't have a solution to this. Traceability comes with a price, and that price is the loss of privacy. It's not easy to strike a balance here because the system is pretty much designed to be all or nothing.

At the moment, Malaysia does not have any tax law or legislation on cryptocurrency. Since it is not recognised as legal tender nor a property asset (yet), it does not fall into any taxable categories.
Though the laws may change in the near future, when use of cryptocurrency becomes more widespread.
All eyes are on Japan at the moment, to see how they will deal with the taxation laws since Japan recently recognised bitcoin as legal tender.

You sold pizza for 10kBTC to someone else over internet.
If you become fiat-multimillionaire, you keep your money in Panama. If you become crypto-multimillionaire, you keep your body in Japan.

I think Japan "hard-fork" from Yen to Btc is like the 'crack' between 2 worlds.

You see, if Japan report better economy next quarter, it'll be a massive marketing campaign for Btc. Being the first, recognized, store of value, bringing income through tourism - hodlers, traders, enthusiasts, Btc or alts, to try and spend Btc for real tangible goods/service.

Other countries will start to question the "illegality" of Btc. It's the government that is in dilemma. Adopt and gain all these tourism & infrastructure goodness, which means more money coming in, creating wealth. Or keep printing paper money to infinity, get currency crushed by USD/global uncertainty, then economy imploded slowly through inflation.

Better keep in your own mind how much crypto you own, its no longer a joke. Else, you'll be prone to physical force/influence in the future.

Anyway, if theres any tax on crypto, maybe tax on capital gain will makes sense, at least for me.

You know what......I was looking at some of the historical charts, and noticed a strange recurring phenomena.
Many of these coins, including ETH, and especially those that are constantly pushing the price limits these days, all seemed to have experienced a sudden burst in trading volume and price increases at around the same time, around mid-March 2017.

After thinking it over, the only reason I can think of is that the bitcoin price increase from 2016 has finally piqued the interest of the general population, with many people starting to invest in it, and then the rejection of the bitcoin ETF created a bit of a sell down where people started moving their money away from BTC and into the various altcoins.
Any other thoughts?
Or did something else happen in mid March that I wasn't aware of?

This post has been edited by wengherng: Apr 14 2017, 04:03 PM

I'm using Trezor. Ordered directly from their website.

I just noticed yesterday that ledger has retailers all over the world. The one in Malaysia doesn't list the ledger. Singapore out of stock and so is Australia. Take a look here : https://www.ledgerwallet.com/retailers


I see. Your answer reminds me again that cryptocurrencies in general are still in its infancy, yet to develop and mature into something that would be acceptable in the future. Really can't wait for that to happen. In my opinion, bitcoin in it's current original form can't exist without addressing its many problems. Hence creation of some altcoins trying to improve on bitcoin's flaw. Bitcoin probably has to "mould" into something that would be acceptable to all. But then again, bitcoin was the first cryptocurrency where the creator never thougt in his wildest dream to have such widespread impact and influence. As with the first iteration of a creation, it needs to be tweaked to come to a final acceptable form.

I think I did read about tax problems in some countries but also no definite answer too. Cool. Let's see what Japan does.


Lol. Japan has strict laws when it comes to immigrants. Well, maybe if you're a multimillionaire, they would accept you with open arms.

Ok, so we have to "look east" again to see how Japan deals with the problems of bitcoins.

As far as I know, capital gain from stocks do not get taxed. I really hope the same applies to cryptocurrency gains. However, knowing how the government is trying to squeeze every penny from poor us recently, I'm not surprise if they implement something like that.

I thought that was the main reason. I'm thinking exactly the same thing. However, if I remember the charts correctly, altcoins already started to shoot up in late 2016 and early 2017. I was thinking I was a bit of a late comer to altcoins but luckily I think I was still relatively early.

This post has been edited by kmarc: Apr 14 2017, 09:28 PM

You definitely made the right decision to spread your investments into so many different altcoins right before they all started going all crazy-frenzy.
In hindsight, I wished I did the same.
But......no time for regrets!
There's money to be made yet!

Yeah, on hindsight, I did the correct thing, for now. However, I think it is likely that altcoins will still go higher seeing that bitcoin has been relatively static after the ETF. Static which is good for bitcoin as I think many people were expecting it to drop for a while until better news came along. Having said that, I'm not buying into my altcoins anymore unless they show substantial gain or show some good news/progress.

Will probably add on ETH and maybe XRP and SC while waiting at the sides...... XMR has been so quiet, maybe I should do some research on it....

I believe XMR has its role to play as a cryptocurrency, and that it has long-term potential.
I bought when it was lower, but I only bought once and never topped up.
XRP and DCR are really causing me some heartache...... I am actually losing money with these two.

Yeah, XRP trading sideways for now. DCR wants to go up but usually get sold down. Must be traders making money on shorts.

Damn I'm out of bitcoins. Wanna buy in some more on Stratis. Already given me 500% gain from my first purchase!

Look at EMC2, neoscoins and Lbry this morning...... practically any altcoins will get pumped at any one time but the general trend is still up!

I have a fear that one day, all altcoins will get hit badly..... hope that day never comes.....

This post has been edited by kmarc: Apr 15 2017, 07:34 AM

When the dapps starts to go live and we actually use the system itself. Tons of development, but it's mostly alphas now.

So far there's far too many stuffs releasing at the same period and too little going on right now.

The price can go back to $35 and then $200 by the time we do hybrid POS by November.

Gotta be really patient and monitor their respective githubs.

Raiden is now 78% done and developer preview is slated for May 24th. Brass golem in a couple of months.