Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
11 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

 Bitcoin and other Cryptocurrencies v2

views
     
TSwengherng
post Mar 9 2017, 11:49 PM, updated 9y ago

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
This thread is a continuation of the original v1 Bitcoin thread.

https://forum.lowyat.net/topic/3051328



An Overview Guide to Investing in Cryptocurrencies in Malaysia (courtesy of @kmarc)


A friendly warning before you proceed
If you're new to cryptocurrencies, then welcome to the world of cryptocurrencies!!! Before you proceed further, if your intention is to invest in cryptocurrencies, please be informed that cryptocurrencies are VERY high-risk high-return investments. If you have the money, you can earn a lot but you can also lose all and CRASH & BURN! You need to do your own research and make up your own strategy including the important exit strategy i.e. when to cut your losses.

In general, for safe conservative investors, it is advisable to allocate not more than 10% of your funds to high-risk instruments such as cryptocurrencies.

Enter AT YOUR OWN RISK and if you lose your money, it is NOBODY's fault but yours! You have been warned!

With that out of the way, let's begin! rclxm9.gif


TABLE OF CONTENTS

Post #1
1) How to buy cryptocurrencies (bitcoins and altcoins) in Malaysia (using MYR)?
2) How to buy altcoins?
3) Where should I keep my BTC and altcoins?
4) Sending bitcoins/altcoins to exchanges/addresses and wallets
5) Incurred fees
6) What is the current price of BTC or altcoins?

Post #2
1) Grow your money on Poloniex - How to lend out your coins
2) Cryptocurrency market capitalization
3) Cryptocurrency news
4) Forums
5) Important or potential coins
6) Cryptocurrency's progress

Post #4
1) Important advices and tips for cryptocurrencies



How to buy cryptocurrencies (bitcoins and altcoins) in Malaysia (using MYR)?

Note : This guide does not cover obtaining cryptocurrencies through mining.

In Malaysia, using MYR, there are limited options to buying bitcoins (BTC). Unfortunately, at the moment, altcoins can only be acquired using BTC.

Let's start with buying BTC.

You can buy bitcoins from these platforms (click to go to the website):
1) Localbitcoins
2) Remitano
3) Xbit Asia
4) Luno

Important :
Do note that BTC prices in these websites are generally more expensive than the average global price, but you can sometimes get a good price if the seller is desperate to sell. In order to get the best BTC price, it is recommended that you check out the prices on all 4 BTC/MYR exchanges. For example, on 29th April 2017, Localbitcoins and Remitano prices are higher, while Xbit Asia was lower, but the best price was at Luno. The only problem with Xbit and Luno is that you need to login/sign up to see BTC market details, and before you can buy, you need to transfer money to the exchange's bank account first, which will only be reflected in your exchange account after they have processed it.
Also, VERY IMPORTANTLY, if you use any of these websites, it is of utmost importance to activate 2-factor authentication (2FA) for better security.

Localbitcoins
- Peer-to-peer exchange (P2P) where the website serves as a platform for you to deal directly with a seller (or buyer)

- Since you are dealing with a stranger, it is very important to :
----- a) Deal with verified trader who has very good reputation/feedbacks and has done many deals. You can check -------------- their profile by clicking on their ID.
----- b) Ensure they are online
----- c) Read the traders terms & conditions before you trade
----- c) Ensure you can do instant bank transfer especially for different banks and ensure instant interbank transfer is -------------- instant! I usually prefer using the same bank to avoid delays.

- the good thing about Localbitcoins is that you can send messages (and pictures if needed) during your trade. Say you want to buy 1.0 BTC, you click the "Buy" button, indicate the amount you want to buy, and type the message. I usually type something like "Wanna buy BTC. Can proceed?" and wait for them to respond.

- once you have transferred the money, you have to click on the "I have paid the seller" button. The seller will be automatically notified and will release the BTC when he confirms the money is in his bank account. You must NEVER accidentally press the "Cancel trade" button when you have already transferred the money or you will lose your hard-earned cash!!! The "Cancel trade" button is only used when you really want to cancel the trade and have not transferred any money.

- for safety purposes, once you initiate a trade, the BTC is kept in escrow (kept by the website) until the trade is complete. In the event that there are problems with the trade, the BTC will be held until the issue is resolved.

- your BTC is kept in the websites BTC wallet

Remitano
- P2P exchange

- operates similarly to Localbitcoins except you can't communicate with the seller

- your BTC is also kept in the website's BTC wallet.

XBit Asia exchange
- Online cryptocurrency exchange, similar to stock market exchanges.

- XBit Asia is a bit different from abovementioned peer-to-peer platforms, as you need to first transfer money directly into your "account" in XBit Asia before you can buy BTC.

- Transfer of money is not instantaneous. You need to bank in money to XBit Asia's designated bank account and then email them the evidence. Once the staff confirms your bank in, it will be made available in your "account" and you can then buy BTC. Confirmation can be quite fast but only occur during working hours and working days.

- The disadvantage of XBit Asia is that there are not many buyers/sellers, hence the liquidity is low, leading to larger buy/sell spread prices.

- Your BTC is kept in the website's BTC wallet.

- When you sell your bitcoins, the proceeds are credited into your account in XBit Asia, which you can then withdraw, and the funds will transferred to your Malaysian bank account via GIRO. Withdrawals are processed 3 times a day, on working days only.

Luno
- Online cryptocurrency exchange, similar to XBit Asia.

How to buy altcoins?
As previously mentioned, at the moment, there's no way to buy altcoins using MYR. You have to buy BTC and send your BTC to an exchange that can convert BTC to altcoins.

There are many exchanges available. Take a look at this link : https://www.cryptocompare.com/coins/btc/markets/USD

You can use any exchange but different exchanges have different altcoins. Some unique ones worth mentioning are as below (click to go to the website):

Note : As of 23/4/2017

1) Poloniex
- Poloniex is currently the largest online exchange in terms of overall volume (according to coinmarketcap.com), and it also carries many altcoins. At the last count, around the figure of 80 types of coins!!!

2) Bitfinex
- currently the second largest exchange in terms of overall volume
- only carries Bitcoin, Ethereum (ETH), Ethereum Classic (ETC), Zcash (ZEC), Monero (XMR), Litecoin (LTC), and Dash.

3) GDAX
- carries BTC, ETH, LTC

4) Shapeshift
- a unique platform where you can easily convert cryptocurrencies into the ones you want. With fees of course.

5) Bittrex
- carries even more altcoins than Poloniex
- in terms of volume, it is still very low compared to Poloniex. (as of 23 April 2017, Poloniex has a volume of 70k BTC while Bittrex only has around 7K BTC)
- does not have lending facilities like Poloniex

Personally, if you want to acquire lots of different types of coins, Poloniex would be the best platform for this.

Where should I keep my BTC and altcoins?
Yay! You bought your first BTC or your first altcoin. If you plan to hoard coins with high net worth, it is important to keep them in a safe place.

Here are some articles on coin wallets:
https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/
https://99bitcoins.com/best-bitcoin-wallet-...parison-review/
http://www.hongkiat.com/blog/bitcoin-wallets/

In general, you would want to keep your coins out of reach of hackers and the best way to do that is to keep it offline i.e. your coins are not connected to the internet. Hardware wallet is a very good option. NEVER keep any significant amount of cryptocurrencies in online exchanges, except those that you plan to use for trading.

Currently, there are two hardware wallets that are popular:
1) Trezor - https://shop.trezor.io/
- supports BTC, ETH, ETC, LTC, ZCash, Dogecoin, Dash, Namecoin and Testnet

2) Ledger Nano S - https://www.ledgerwallet.com/products/ledger-nano-s
- supports BTC, ETH, ETC, LTC, ZCash, Dogecoin, Dash and Stratis - Click here for more details

The only problem is that it is quite difficult to get these wallets locally as cryptocurrencies are still not popular in Malaysia. Probably easier next time when it becomes more popular here.

Sending bitcoins/altcoins to exchanges/addresses and wallets
There are a few things you have to keep in mind when you transfer cryptocurrencies:
1) It is not instantaneous. It may take a few minutes to hours!
- take a look at BTC's confirmation times : https://blockchain.info/charts/avg-confirmation-time
- there's a whole lot of issues on this but it is hoped that the long confirmation time will be resolved soon

2) Ensure the address is correct
- This is VERY important. If you send to the wrong address, you WILL lose the coins!

3) Ensure the address is correct for the type of coin
- Also very important. You CANNOT send BTC to an ETH address. Cryptocurrency addresses are not compatible with each other

4) There's a transfer fee for all transfers but it is usually negligible.

5) You can always track your transfer. Just enter your receiving address into the link and you will be able to see the status of the transfer : https://blockchain.info/

Incurred fees
Keep in mind that, just like any other investment vehicle, you will be charged some fees when you make a transaction or transfer, depending on the platform you use. Here's how it generally work:
1) Buying BTC - generally free
2) Selling BTC - free or fees charged by platform
3) Sending BTC from one address to another - network transfer fees
4) On exchanges, fees vary.

These are some examples of fees being charged by different websites/platform:
- Poloniex - https://poloniex.com/fees/
- Bitfinex - https://www.bitfinex.com/fees
- Localbitcoins - https://localbitcoins.com/fees
- Shapeshift - https://shapeshift.zendesk.com/hc/en-us/art...-fee-structure-

Examples of fees being charged:
- Transfer from Airbitz mobile app (in phone) to hardware wallet twice - 0.000812 & 0.00045 BTC.
---- If BTC was USD 1000/BTC, that would mean a transfer fee of USD 0.812 & USD 0.45. Do note the difference of fees is also affected by the price of BTC at that time.
- Transfer from localbitcoins to Poloniex -
- Transfer from Remitano to Poloniex -
- buy altcoins from poloniex (direct buy)
- buy altcoins from poloniex (bidding)


What is the current price of BTC or altcoins?
There are a lot of ways to check the prices.
Cryptocompare.com is one of the best sites where you can see:

- prices of any coins across different exchanges : https://www.cryptocompare.com/coins/btc/markets/USD
- overall prices of coins : https://www.cryptocompare.com/coins/#/usd
- and much much more! Explore the website to see the wealth of information it provides.

*


This post has been edited by wengherng: May 15 2017, 03:10 PM
kmarc
post Mar 10 2017, 08:13 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Grow your money on Poloniex - How to lend out your coins

Before we begin the tutorial on lending, the general rule of keeping your coins safe still applies. However, the disadvantage of keeping it in cold storage is that it doesn't generate money besides price appreciation. You can consider another option which is to lend some of your coins to traders on Poloniex WHILE enjoying price appreciation if any. Do note that you need to have the coins on your Poloniex's account to lend them out.

Lending rates
Let's start with this as lending rates are the main factor why one would want to keep their coins on Poloniex and lend them out.

Lending rates depends on supply and demand. It can fluctuate and swing widely. It can be very low but it can also be very high. Even higher than the rates of loan sharks! bruce.gif

Here are some of the spot rates at the moment:

CoinRates
Bticoin 0.1595%
BTS 0.0001%
CLAM 1.2997%
DASH 0.0587%
ETH 0.0029%
XRP 0.0096%

As you can see from the table above, rates also vary widely between coins. Dash previously had a rate of 0.88% when the demand was high. Clam had low rates previously but because it is in demand now, it is at super loan shark rates!

Huh, the rates are so LOW???!!!??!? mad.gif Before you stomp away upset, do note that the rates are quoted PER DAY (24 hours) and not per year!! For example, if you loan out CLAM for 1%, you will get 1% of clams after 24 hours! In the unlikely event that you can lend out for a whole year, the returns will be 365 days x 1% = 365% return!!!! However, as you will see later, it is almost impossible to loan out for long periods unless you are very very VERY lucky.

The interest generated are the same coins you loaned out. If you loan out CLAMS, you will get CLAMS for interest.

Another thing to know is that the interest starts calculating the moment the loan is taken up. The site updates the active loan every 20-30 seconds and you can see interest being generated. So even if your loan was taken up for only 5 minutes, you will already get some interest although it would be negligible.

Note : I guess it goes without saying that you would need a significant amount of coins and a good lending rate to make lending worthwhile. From observation, it seems bitcoin has a consistent demand with relatively good rates. You just have to calculate the returns for yourself to see whether it is worth your while or not.

Loan duration

Ok, here comes the reason why you won't be getting rich by getting a 365% return.

When you offer your loan, you will need to specify the rate, amount and duration. Default duration is 2 days and the range is 2 - 60 days.

If you lent out for 2 days and the loan is taken up, it doesn't mean that it will be loaned out for 2 days. It can sometimes be returned in a few hours or even a few seconds! This is the main disadvantage of lending, where you need to manually check to see whether your loan is running.

There is a lending bot that can automatically set up loans for you but it is 3rd-party where you would have to give it access to Poloniex to run the loans. I don't recommend it so this guide won't cover lending bots.

Lending risk
As with any loan, there are risk to lending. You can't be going about spraying red paint when your loan is not returned. biggrin.gif

I'm not entirely sure what the risks are or how high the risk is. I have asked this in Poloniex and they say that the risk is minimal because they have certain safeguards. For one, the coins you loaned out cannot be transferred out of Poloniex. Even if you loaned out 1 BTC and the price of BTC crashes, it is still one BTC that will be returned to you!

So, lend at your own risk and don't throw red paint at my house if something happens! tongue.gif


Poloniex lending facility

Ok, let's get down to actual lending out your coins. I only have experience with Poloniex so we will only cover Poloniex.

On Poloniex, you'll notice 3 sections/tabs - Exchange, Margin and Lending.

Attached Image

Click on the Lending tab to go to the lending page.

A word of advice : Don't ever go to the margin tab. Very risky to play margin trades.

This is what you will see on the lending page.

Attached Image

1) My Balances
- This is where you can view your balances across all 3 facilities - Exchange, Margin and lending
- It only shows the available amount of coins. If you have open orders or coins under loan, it will not be shown in the total.
- You can also see the type of coins you can loan out. At the moment, only 12 coins can be loaned out.
- From here, you can select the coin you want to loan out.

2) Quick transfer
- This is a quick feature to transfer your coins between the 3 facilities
- In order for you to loan out your coins, you have to first transfer the coins from Exchange (that's where your coins probably are at the start)
- If you don't transfer any coins to lending, you won't be able to loan out anything.
- Likewise, if you finish lending and want to sell off the coins, you would have to transfer them from lending back to exchange

3) Loan
- This is where you offer your loan
- You have to enter the rate, amount and duration of loan
- "Auto-renew" is if you want the loan to be listed again once the loan is given back. It is actually not a useful feature as loan rates seldom stay at the same rate for long.
- Once you have set your loan parameters, you can click the "Offer loan" button and it will be displayed in the "Loan Offers" table.

4) Loan offers
- This is where all loans are being offered
- If you want your loans to be taken up fast, you would have to set a lower rate. Basically competing with each other to loan out the coins.

5) Loan demands
- This is where all loans are requested
- If you don't want to wait, you can just offer at the requested rate and it will straight away match
- Loan demand rates are usually much much lower then ongoing rates

6) My open loan offers
- You can see your open loans here i.e. loans that you have offered by not yet loan out

7) My active loans
- Here's where you can see the loans that are taken up
- If you see the first line, I have loaned out XRP at a rate of 0.0097% with an amount of 2221.2508. Duration is 2 days with auto-renew turned on. Up to that time, the interest is 0.00034912 XRP.

That's it! You are now ready to put up your loan!

Loan history/records
This is how you can see your loan history.

Under "Orders" tab, select "My trade history & Analysis".

Attached Image

This will bring you to the following page.

Attached Image

From here, you have two options (as indicated in the picture):
1) Download the excel file containing all your loan records
- easier to use this feature as you can sort out your loans and sum it up in excel

2) Show your "Loan earnings"
- Will show you all your loans in a table
- This is not easy to see as you can't sort it out. I already have 29 pages of loan history!!!
- The easier way is to select the coin you want to analyse then click the analyze button.

Take a look at my analyzed loan earnings of CLAMS. It shows that I have earned 49.7 CLAMS with fees in total. Fees are 15% so you can roughly calculate your net profit by subtracting 15% from the total.

Attached Image

Note : This is the place where you can see your trade history too.

Lastly, do remember that lending is not without risk but I think the risk is negligible. Again, if you lose your money, don't blame me! shakehead.gif

Happy lending like the loan shark that you are!!!! thumbup.gif

---------------------------------------------------------------------------

Cryptocurrency market capitalization
1) http://coinmarketcap.com/
- Good place to see overall cryptocurrency market cap and each individual coin market cap.

Cryptocurrency news

1) Coindesk
2) Bitcoin news
3) Cryptocoin news
4) Cryptonews
5) Coin Journal
6) The Merkle - Crypto news
7) Bitcoinist
8) CoinFox
9) Coin News Asia
10) Finance magnates

Forums

1) Bitcoin (and altcoin) forum


Important or potential coins

Note : My opinion only.


Ethereum
One of the coins that will probably become popular soon

1) Ethereum homepage
- learn all about ethereum and the projects built on the platform

2) /r/Ethereum
- Fundamental news related to Ethereum ecosystem. Core developers conduct meetings on the first and third Fridays of each month so users can view the entire conversation or read the transcripts provided.

3) /r/ethtrader
- Price related discussion and future movements.
there's this weekly newsletter that summarizes all the Ethereum related events for your viewing pleasure.

4) Week in Ethereum


Blockchain-based Decentralized storage
1) https://www.smithandcrown.com/distributed-c...-cloud-storage/
2) https://themerkle.com/maidsafe-vs-sia-vs-storj/

Siacoin
1) http://sia.tech/
2) https://forum.sia.tech/
3) Good news! https://cointelegraph.com/news/sia-integrat...ralized-backend
4) https://nextcloud.com/blog/introducing-clou...-and-nextcloud/
5) MLG capital review : https://capital.mlgblockchain.com/sia-tech-profile.html
6) Host profit maximization thread : http://forum.sia.tech/topic/1037/host-prof...mization-thread

Ripple (XRP)

1) https://ripple.com/
2) https://www.xrpchat.com/
3) Good read on ripple (and bitcoin and ETH) : https://www.linkedin.com/pulse/internationa...nna?published=t
4) https://www.forbes.com/sites/madhvimavadiya...e/#6a35c05a79f1
5) http://www.businesswire.com/news/home/2017...ons-Join-Ripple
6) https://ripple.com/insights/q1-2017-xrp-markets-report/
7) https://www.cryptocoinsnews.com/ripple-targ...market-bitcoin/
8) https://www.cryptocoinsnews.com/ripple-unve...alized-bitcoin/
9) http://bitsonline.com/ripple-india-bank-retail-payments/
10) http://www.newsbtc.com/2017/05/13/ripple-c...ledger-upgrade/
11) https://ripple.com/insights/ripple-to-place...tal-xrp-supply/
12) http://www.huffingtonpost.com/entry/ripple...4b0b28a33f62915
13) Kraken - XRP can convert directly to fiat (USD, CAD, EUR, JPY) : http://blog.kraken.com/post/160806705967/k...-for-ripple-xrp
14) Bitfinex XRP/USD XRP/BTC trading : https://www.bitfinex.com/posts/204
15) Valuation model for XRP : https://www.xrpchat.com/topic/5280-valuatio...le-the-company/
16) Next-generation cross-border payments (presentation) (XRP addressed at 42:10) : https://www.youtube.com/watch?v=PzScsRNsoT0
17) http://www.coindesk.com/interoperability-b...ferent-ledgers/

Cryptocurrency's progress

Cryptocurrency market cap:

25/4/2017 - 30 Billion
3/5/2017 - 40 Billion
8/5/2017 - 50 Billion
17/5/2017 - 60 Billion
21/5/2017 - 70 billion
23/5/2017 - 80 billion
25/5/2017 - 90 billion
26/5/2017 - Black Friday - crashed to below 60B market cap
4/6/2017 - 90 billion (Again!)
6/6/2017 - 100 billion

BTC dominance:

16/5/2017 - First time fell below 50%

Malaysia news
http://www.nasdaq.com/article/survey-malay...on-top-cm798146

This post has been edited by kmarc: Jun 7 2017, 07:56 AM
WooTz
post Mar 10 2017, 05:31 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 10 2017, 08:13 AM)
Great! Wengherng, are you going to put updated crypto currencies information in the first post? If not, I can help later on if free. Can post in this 2nd post and delete later on after you copied to first post. Of course, contribution from everybody would make the information more complete. smile.gif

Anyway, into the journey of exciting crytocurrencies, I just discovered that I could lend my available coins in Poloniex. I mean, my coins are just sitting there doing nothing. Apparently, different currencies have different rates according to demand. Of all the ones I have, DASH has a lending rate of 0.08% over 2 days (as of last night). I'm not too sure how it works but if I were to calculate the effective rate, it would be 14% per annum!

Of course, this is provided that I can lend every 2 days (can specify how long) and the rates are stable.  The thing is, I just quoted a lower rate and it was snapped up within minutes! I tried lending ETH and it was also snapped up. ETH howeve had much lower lending rate, something like 0.025% over 2 days. And the lending can auto-renew without us offering the loan every other day.

I did ask the moderator whether there was any risk in lending. They said minimal risk as they have safeguards to protect the lender. I think definitely there are risk especially if the borrower bought coins that later on crashed but I also think it is minimal.

Anyway, will see how it goes. Instead of just keeping the altcoins in exchanges (because no hardware wallet!), might as well grow some money!!! biggrin.gif

Note : Now I regret not getting more DASH. It shot up last night!!!
*
I do hope you already placed your first order for a hardware wallet. Can't go wrong with Trezor and Ledger Nano S.

Don't lend out too much yeah, exchange can always encounter black swans and you could be in deep trouble.

Also, between you and me. The founder himself already drop massive hint on imminent ETH price spike.

QUOTE
After Metropolis, the Casper transition will start fairly soon, and once complete inflation will be much lower.


Judging from the March 3rd core developer meeting, we know two crucial thing, first thing is Metropolis fork is targeted for end of June.

Second bombshell is this, they are going for hybrid POW/POS implementation first and gradually transition to full POS within a year.

You see that DASH vertical price chart? That's coming for ETH. In 2017 no less.

No matter what's the price of ETH after the ETF, your main goal is to stack more and HODL all the way.

The list of supporting fundamentals are simply too solid to ignore.
kmarc
post Mar 10 2017, 09:05 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Important advices and tips for cryptocurrencies

1) Cryptocurrencies are VERY HIGH RISK investments
- You can get 1000% in a short time but you can also lose 1000% very fast
- Only investment the amount you are willing to lose
- If you cannot stand losing 20%, 30% or even 100%, cryptocurrencies is not for you. Do look at other investment instruments
- For safe investors, it is advisable to only allocate 10% of your total investments to high-risk instruments like cryptocurrencies

2) Decision to buy or sell is yours and yours alone
- Do not blame others for your actions
- There will be a lot of rumours and chatter floating around so you have to decide yourself and take whatever action you think is necessary

3) Study and do research
- It is important to know what you are getting into
- Read on the coins you are interested in and judge for yourself whether you want to invest in it
- There are links above on cryptocurrency news. You can also google for more information.

4) Have a proper strategy and do not trade with emotions
- It is imperative that you have a proper strategy. DO NOT buy cryptocurrencies blindly
- Your strategy can change as you go along but it is important to stick to it
- Do not trade with emotions.
- Have a cut-off level where you might want to sell off your coins if it is making huge losses. However, for good coins, they will usually recover after a drop.
- Don't fall in love with a coin and hold it even if there are bad news on the coin

5) Don't keep too much money on exchanges
- There are many instances where exchanges were hacked and investors' money were lost
- Only keep the amount you want to trade on exchanges. Transfer out the rest, preferably to a hardware wallet.

6) Ensure you really secure your hardware wallet by activating passphrase.
- Remember that the 24-word recovery seed is the most important thing. If somebody stole it, they can just use a hardware wallet together with the recovery seed to gain access to your coins EVEN IF your hardware wallet is in a bank vault!
- Besides physically hiding the recovery seed all over the place, another easier method is to activate passphrase for your wallet
- With passphrase, even if somebody stole your 24-word recovery seed, they won't know or can't see the hidden wallet
- Refer the scenario below

Hardware wallet24-word recovery seedPassphraseRemarks
Lost/StolenSafeNot setCoins are safe, just buy new device and recover
Lost/StolenLost/stolenNot setSay bye-bye to your coins!
SafeLost/StolenNot setSay bye-bye to your coins if seed stolen!
SafeLost/StolenActivatedCoins are safe, take steps for new seed
Lost/StolenLost/StolenActivatedSay bye-bye to your coins!

Ledger passphrase guide : http://support.ledgerwallet.com/knowledge_...sphrase-options
Trezor passphrase guide : https://doc.satoshilabs.com/trezor-user/adv...d_settings.html

7) Make your hardware wallet 24-word recovery seed is inaccessible
- Remember that the 24-word recovery seed is the most important piece in your whole hardware wallet setup
- Below are a few tips:
----- a) Keep the recovery seed in a safe place e.g. safe deposit box
----- b) Instead of just writing down the 24-word in sequence, you can rearrange them so that they are out of sequence. Of course, if you do that, you have to remember the rearrangements! Example would be like switching word 1 and word 2.
----- c) Divide the 24-word in different sections and hide it at different places
- Those are just some examples. How you make the 24-word recovery inaccessible is entirely up to your creative imagination. Just make sure you remember how to unscramble your genius creativity!!!

This post has been edited by kmarc: May 21 2017, 08:34 AM
kmarc
post Mar 10 2017, 09:26 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Why you should consider getting some good altcoins

I want to discuss on the multiplier effect of bitcoin and why you should also get some good altcoins.

Before that, here are some advertisements..... I mean disclaimers. I am only 3+ months in cryptocurrency and I have no TA or FA skills. However, I have super NA skills. If you don't know the meaning, in stocks, TA is technical analysis where you analyze charts to make smart trades. FA is fundamental analysis. NA is .... noob analysis. biggrin.gif I am not in the financial sector and am not a pro-trader. Just a normal guy and the following is only my opinion. You should do your own research and buy the coins which you think is good. Lose money don't blame me!

In terms of investing in cryptocurrencies, these are the coins you must consider:
1) Bitcoin - this is a no brainer. From the trends, it looks like it will go up more, until bad news comes along
2) ETH - world wide web 3.0. It has great potential and will probably go to great heights too

Now here comes the interesting thing. Besides investing in just bitcoin and ETH, you should consider putting a percentage of coins in other good altcoins that is paired to BTC. Pairing to BTC means that the coin doesn't have a fiat value by itself. It's value is paired against BTC and is expressed in a ratio. For example, if ETH/BTC is 0.1, it means that ETH has a value of 0.1 compared to BTC (i.e. 10% of BTC's value). Again, I'm may be seen as bias as most of my funds are in altcoins. I only have 0.5BTC in my hardware wallet. bruce.gif

Anyway, the reason I recommended good altcoins is as follows:

1) Diversify you investment. I guess this applies to any investments in general
2) Some altcoins can go ballistics with thousands of percentage gains!
3) Most altcoins are paired to BTC, resulting in rise of BTC actually multiplying the effect of the rise in altcoins. This is what I want to concentrate on.

Say bitcoin is at USD 1000 and an altcoin is altcoin/BTC 0.010 (face value of USD 10). Now, say BTC rises 10% to 1100 and altcoin/BTC doesn't change at 0.010 (zero % increase). Because the altcoin is paired to BTC, the value of altcoin has also increased! Now it is USD 11! Now in the same scenario, if the altcoin ratio increased 10% (i.e. 0.011) and BTC increases 10%, the actual value is multiplied by BTC's increased i.e. 0.011 x USD 1100 = USD 12.1. (1.1 x 1.1 = 1.21)

Here's a clearer picture:

BTC same, altcoin 0.010 = altcoin value USD 10 (1.0 x 1.0 = 1.0)
BTC increase 10%, altcoin 0.010 = altcoin value USD 11 (1.1 x 1.0 = 1.1)
BTC increase 10%, altcoin increase 10% = altcoin value 12.1 (1.1 x 1.1=1.21)

As you can see, if both BTC and altcoins rises, the gain from holding altcoins is much greater than holding BTC alone! Even if BTC rises and the altcoin drops, the value might not change much depend on how much the rise is against the drop.

Another real-life example is my own holdings, say CLAMS. I first bought clams at 74000 sats on 13/3/2017. At that time BTC was around around USD 1200. Now clams is about 220000 sats. In terms of gains, my clams would have gained roughly 297%. However, note that BTC is now roughly USD 2500. So:

Initial buy, say 100 coins clams: 100 x 0.00074 x USD 1200 = USD 88.8
Profits if BTC is USD 1200 now: 100 x 0.00220 x USD 1200 = USD 264 (297% gain)

Now here comes the great thing, BTC has gain 208%! (USD 2500/1200 x 100%)
So, my 100 clams is worth : 100 x 0.00220 x USD 2500 = USD 550 (619% gain!)(2.97 x 2.08 = 6.19)

So if were to hold only BTC, I would have gain a good 208%. Not bad. However, because I hold clams that is paired with BTC, my gains is actually 619% instead of just 208% for BTC or 297% for unpaired clams!!! rclxm9.gif

Of course, the above only holds true if the trend of the past 3 months continues. Meaning:
1) BTC is still slowly rising
2) BTC sudden rise leads to a sea of discounted coins to pickup!
3) Once BTC stabilize, altcoins recovers or even gain much more.
4) In most instances, altcoins gains outnumber altcoin loss in terms of percentage and number of coins (i.e. more green coins most of the time and higher percentage gains rather than loss (e.g. 50% gain but only 30% loss)

Do note that this multiplier works both ways, meaning if BTC were to drop together with altcoins, BTC will multiply the effect of altcoins drop.

I'm not exactly sure what would happen if there were sudden bad BTC news as I have not gone through a "Mt Gox" scenario.Due to this noob observation, I am of the opinion that to get greater gains, one should consider some good altcoins. For newcomers, be patient and wait for good discounts.

Again, this is just my observation and I do not know what will happen in the future. Invest safely and hope everybody makes money from cryptocurrencies! rclxm9.gif



This post has been edited by kmarc: May 27 2017, 10:18 PM
WooTz
post Mar 10 2017, 10:00 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 10 2017, 09:05 PM)
Already ordered Trezor on Day 1 of my cryptocurrency journey. Backorder and they haven't sent mine yet!  cry.gif

I bought it because of bitcoins without knowing about altcoins. Checking back, Trezor only support these coins : Bitcoin, Litecoin, Namecoin, Dogecoin, Dash and Testnet. No ethereum support.  bye.gif Anyway, happy that it supports Dash. Maybe I should just buy all the coins that Trezor supports.  biggrin.gif

Ok, at least I now know POW/POS means proof-of-work and proof-of-stake although I don't know what they actually mean. Google later......  bruce.gif

I'm convinced! Have been loading up on ETH slowly while awaiting SEC decision. Frankly speaking, I actually hope that the first ETF would not be approved, leading to a fall in bitcoin/altcoins prices so that I can buy in more. As in my original intent, I was aiming for the 2nd ETF. Man, this wait for SEC decision is torturing!!!! The only thing I can't figure out is why would SEC wait until the last minute to reject it? Makes no sense.......
*
It does support ETH.

https://blog.trezor.io/trezor-integration-w...2e08#.p5gdc0jiq
kmarc
post Mar 10 2017, 10:18 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 10 2017, 05:31 PM)
I do hope you already placed your first order for a hardware wallet. Can't go wrong with Trezor and Ledger Nano S.

Don't lend out too much yeah, exchange can always encounter black swans and you could be in deep trouble.

Also, between you and me. The founder himself already drop massive hint on imminent ETH price spike.
Judging from the March 3rd core developer meeting, we know two crucial thing, first thing is Metropolis fork is targeted for end of June.

Second bombshell is this, they are going for hybrid POW/POS implementation  first and gradually transition to full POS within a year.

You see that DASH vertical price chart? That's coming for ETH. In 2017 no less.

No matter what's the price of ETH after the ETF, your main goal is to stack more and HODL all the way.

The list of supporting fundamentals are simply too solid to ignore.
*
Already ordered Trezor on Day 1 of my cryptocurrency journey. Backorder and they haven't sent mine yet!

I bought it because of bitcoins without knowing about altcoins. Checking back, Trezor only support these coins : Bitcoin, Litecoin, Namecoin, Dogecoin, Dash and Testnet. No ethereum support. bye.gif Anyway, happy that it supports Dash. Maybe I should just buy all the coins that Trezor supports.

Ok, at least I now know POW/POS means proof-of-work and proof-of-stake although I don't know what they actually mean. Google later...... bruce.gif

I'm convinced! Have been loading up on ETH slowly while awaiting SEC decision. Frankly speaking, I actually hope that the first ETF would not be approved, leading to a fall in bitcoin/altcoins prices so that I can buy in more. As in my original intent, I was aiming for the 2nd ETF. Man, this wait for SEC decision is torturing!!!! The only thing I can't figure out is why would SEC wait until the last minute to reject it? Makes no sense.......

QUOTE(WooTz @ Mar 10 2017, 10:00 PM)
It does support ETH.

https://blog.trezor.io/trezor-integration-w...2e08#.p5gdc0jiq
*
Thx! rclxms.gif

Bookmarked and awaiting my Trezor!!! rclxm9.gif

This post has been edited by kmarc: May 27 2017, 10:08 PM
TSwengherng
post Mar 10 2017, 11:09 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 10 2017, 08:13 AM)
Great! Wengherng, are you going to put updated crypto currencies information in the first post? If not, I can help later on if free. Can post in this 2nd post and delete later on after you copied to first post. Of course, contribution from everybody would make the information more complete. smile.gif

Anyway, into the journey of exciting crytocurrencies, I just discovered that I could lend my available coins in Poloniex. I mean, my coins are just sitting there doing nothing. Apparently, different currencies have different rates according to demand. Of all the ones I have, DASH has a lending rate of 0.08% over 2 days (as of last night). I'm not too sure how it works but if I were to calculate the effective rate, it would be 14% per annum!

Of course, this is provided that I can lend every 2 days (can specify how long) and the rates are stable.  The thing is, I just quoted a lower rate and it was snapped up within minutes! I tried lending ETH and it was also snapped up. ETH howeve had much lower lending rate, something like 0.025% over 2 days. And the lending can auto-renew without us offering the loan every other day.

I did ask the moderator whether there was any risk in lending. They said minimal risk as they have safeguards to protect the lender. I think definitely there are risk especially if the borrower bought coins that later on crashed but I also think it is minimal.

Anyway, will see how it goes. Instead of just keeping the altcoins in exchanges (because no hardware wallet!), might as well grow some money!!! biggrin.gif

Note : Now I regret not getting more DASH. It shot up last night!!!
*
Been really busy with work these days, so I don't really have much time for research and forums, unfortunately.
Would be great if everyone could help out, and I can edit the 1st post as you suggested.
What kind of updated information are you thinking of?

Just logged in to Poloniex several minutes ago and saw a huge drop in my ETH, and I was like WTF?! and then realised that I was looking at the BTC/ETH price, and the price drop was because BTC had just recently had a tremendous spike.
Phew......! sweat.gif


TSwengherng
post Mar 10 2017, 11:20 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 10 2017, 05:31 PM)
I do hope you already placed your first order for a hardware wallet. Can't go wrong with Trezor and Ledger Nano S.

Don't lend out too much yeah, exchange can always encounter black swans and you could be in deep trouble.
What would you recommend as a decent, secure online wallet for ETH, assuming that I do not want to buy a hardware wallet at the moment?
Mine does not support ETH.
kmarc
post Mar 11 2017, 12:02 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 10 2017, 11:09 PM)
Been really busy with work these days, so I don't really have much time for research and forums, unfortunately.
Would be great if everyone could help out, and I can edit the 1st post as you suggested.
What kind of updated information are you thinking of?

Just logged in to Poloniex several minutes ago and saw a huge drop in my ETH, and I was like WTF?! and then realised that I was looking at the BTC/ETH price, and the price drop was because BTC had just recently had a tremendous spike.
Phew......!  sweat.gif
*
Sure, I think I will create a simple guide on cryptocurrencies. The problem with me is that when I start doing guides, it will get longer and longer and longer (see my old guides). Will get started ...... one day.... biggrin.gif

Yeah, I was there to witness the dramatic increased in BTC price. Something like USD 150 in mere minutes. I guess if EFT is not approved, it will go the other way as fast too!

The other good thing is ETH and DASH could hold their ground during BTC spike. The rest of altcoins dropped like crazy......

Anyway, I unloaded about 15% of my BTC, converted to tether USD in poloniex. This is in anticipation of a no go on the ETF...... cannot tahan already.. need to go to sleep.... yawn.gif

This post has been edited by kmarc: Mar 11 2017, 01:14 AM
WooTz
post Mar 11 2017, 06:58 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 10 2017, 11:20 PM)
What would you recommend as a decent, secure online wallet for ETH, assuming that I do not want to buy a hardware wallet at the moment?
Mine does not support ETH.
*
You can create a paper wallet with MEW

Or create a multisig wallet contract with the Ethereum wallet

But must make sure your PC got no keylogger and spyware.

You need to safeguard both wallet passwords and the keystore file itself.
kmarc
post Mar 11 2017, 07:23 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 11 2017, 06:58 AM)
You can create a paper wallet with MEW

Or create a multisig wallet contract with the Ethereum wallet

But must make sure your PC got no keylogger and spyware.

You need to safeguard both wallet passwords and the keystore file itself.
*
I guess the difficulties of storing these coins without a proper hardware wallet would deter some from venturing into crytocurrencies. Maybe more adoption when the tech matures more and there are more hardware wallets that supports multi currencies.

And so it has come to pass, BTC ETF was not approved by SEC. And ETH doing well!!!! thumbup.gif

From my reading, target price for BTC now predicted to drop to around USD 850 - 900. I probably will start accumulating again when it falls below 1k.
WooTz
post Mar 11 2017, 07:46 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 11 2017, 07:23 AM)
I guess the difficulties of storing these coins without a proper hardware wallet would deter some from venturing into crytocurrencies. Maybe more adoption when the tech matures more and there are more hardware wallets that supports multi currencies.

And so it has come to pass, BTC ETF was not approved by SEC. And ETH doing well!!!! thumbup.gif

From my reading, target price for BTC now predicted to drop to around USD 850 - 900. I probably will start accumulating again when it falls below 1k.
*
It's going to be interesting to see how ENS perform on pi day.

There are over 1.1 billion websites today, assuming they only bid 1 ETH each, it won't be enough to even cover 10% at current supply.

This could be 100 times the size of DAO in a single smart contract.

Stay tuned.

Edit: ETH/BTC is up 16%, ETH/USD is up 8%

If this carries on towards raiden we'll have officially flipped for good.

This post has been edited by WooTz: Mar 11 2017, 08:18 AM
kmarc
post Mar 11 2017, 12:33 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 11 2017, 07:46 AM)
It's going to be interesting to see how ENS perform on pi day.

There are over 1.1 billion websites today, assuming they only bid 1 ETH each, it won't be enough to even cover 10% at current supply.

This could be 100 times the size of DAO in a single smart contract.

Stay tuned.

Edit: ETH/BTC is up 16%, ETH/USD is up 8%

If this carries on towards raiden we'll have officially flipped for good.
*
Yeah, exciting times although I don't understand the ENS either! biggrin.gif Just hope to buy ETH and see it go to the moon. thumbup.gif

BTC is not dropping as much as I expected. Will see how it goes today, maybe dump my USDT into ETH while waiting for BTC to drop more.

Now my main concern is security. I searched around and coinbase BTC & ETH wallet seems promising. Do you have any experience with this wallet?

Seriously, I need to get more DASH on Poloniex. The lending rate is currently 0.1378% every 2 days!!!! blink.gif Correction. The rate is quoted for a 24-hour period! Ooohhh, I'm so excited!!!!! rclxm9.gif

This post has been edited by kmarc: Mar 11 2017, 01:43 PM
WooTz
post Mar 11 2017, 01:45 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 11 2017, 12:33 PM)
Yeah, exciting times although I don't understand the ENS either!  biggrin.gif Just hope to buy ETH and see it go to the moon.  thumbup.gif

BTC is not dropping as much as I expected. Will see how it goes today, maybe dump my USDT into ETH while waiting for BTC to drop more.

Now my main concern is security. I searched around and coinbase BTC & ETH wallet seems promising. Do you have any experience with this wallet?

Seriously, I need to get more DASH on Poloniex. The lending rate is currently 0.1378% every 2 days!!!!  blink.gif
*
ENS basically let you share your

0xC834bF2d475a25.....dg4w contract/wallet addresses

by letting you bid on something like "WooTz.eth" instead

The ETH gets locked into the smart contract until a new challenger appears, which you'll need to defend with a higher bid.

I only use Coinbase wallet to buy/sell, hardware wallet all the way.

This post has been edited by WooTz: Mar 11 2017, 01:45 PM
kmarc
post Mar 11 2017, 10:05 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 11 2017, 01:45 PM)
ENS basically let you share your

0xC834bF2d475a25.....dg4w contract/wallet addresses

by letting you bid on something like "WooTz.eth" instead

The ETH gets locked into the smart contract until a new challenger appears, which you'll need to defend with a higher bid.

I only use Coinbase wallet to buy/sell, hardware wallet all the way.
*
I see. Interesting. thumbup.gif

Yeah I know. My hardware wallet not here yet!!!! bangwall.gif

I just sat through a DASH dash! Didn't managed to get more DASH before it shot up but loaded a bit more of ETH.

As I have mentioned earlier, man-made craziness. The drops and spikes are more exciting (or scary) than the stock market!
TSwengherng
post Mar 12 2017, 12:11 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 11 2017, 07:23 AM)
I guess the difficulties of storing these coins without a proper hardware wallet would deter some from venturing into crytocurrencies. Maybe more adoption when the tech matures more and there are more hardware wallets that supports multi currencies.

And so it has come to pass, BTC ETF was not approved by SEC. And ETH doing well!!!! thumbup.gif

From my reading, target price for BTC now predicted to drop to around USD 850 - 900. I probably will start accumulating again when it falls below 1k.
*
As I mentioned before, in the weeks leading up to the SEC decision, the BTC prices have been greatly volatile, and as the vast majority of the community had already expected a rejection from SEC for the ETF, the prices of BTC had already factored that in......which means that it is unlikely that the prices will drop so drastically to USD 850 - 900.

QUOTE(kmarc @ Mar 11 2017, 10:05 PM)
I see. Interesting.  thumbup.gif

Yeah I know. My hardware wallet not here yet!!!!  bangwall.gif

I just sat through a DASH dash! Didn't managed to get more DASH before it shot up but loaded a bit more of ETH.

As I have mentioned earlier, man-made craziness. The drops and spikes are more exciting (or scary) than the stock market!
*
I had to consciously stop myself from jumping on the bandwagon and buying Dash......I envy the people making quick bucks due to the crazy hikes recently, but I just could not see the real reason behind the hikes, and had no confidence in the sustainability.
As I am more of the paranoid type of investor, I think I will just stick to BTC and ETH.
I wouldn't be able to handle the heart attacks.
mega_shok.gif

max_cavalera
post Mar 12 2017, 01:24 AM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh
QUOTE(wengherng @ Mar 12 2017, 01:11 AM)
As I mentioned before, in the weeks leading up to the SEC decision, the BTC prices have been greatly volatile, and as the vast majority of the community had already expected a rejection from SEC for the ETF, the prices of BTC had already factored that in......which means that it is unlikely that the prices will drop so drastically to USD 850 - 900.
I had to consciously stop myself from jumping on the bandwagon and buying Dash......I envy the people making quick bucks due to the crazy hikes recently, but I just could not see the real reason behind the hikes, and had no confidence in the sustainability.
As I am more of the paranoid type of investor, I think I will just stick to BTC and ETH.
I wouldn't be able to handle the heart attacks.
mega_shok.gif
*
may i know u guys use which exchange? is poloniex legit and safe? please recommend me a good one
WooTz
post Mar 12 2017, 02:10 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
Dash has gone completely bananas.

And I'm thinking ETH will be next to moon.
archangel22
post Mar 12 2017, 02:24 AM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(WooTz @ Mar 12 2017, 02:10 AM)
Dash has gone completely bananas.

And I'm thinking ETH will be next to moon.
*
Maybe. Who knows. Until smart-contract for Bitcoin RSK come in play http://www.rsk.co then I'll decide to buy ETH or not. biggrin.gif
WooTz
post Mar 12 2017, 02:35 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(archangel22 @ Mar 12 2017, 02:24 AM)
Maybe. Who knows. Until smart-contract for Bitcoin RSK come in play http://www.rsk.co then I'll decide to buy ETH or not. biggrin.gif
*
You're welcome to buy at $100 bro, good luck with anything past 1MB. I mean it.
archangel22
post Mar 12 2017, 03:28 AM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(WooTz @ Mar 12 2017, 02:35 AM)
You're welcome to buy at $100 bro, good luck with anything past 1MB. I mean it.
*
1MB you mean the scalability issue in btc?

Bitcoin is no longer just about technicalities (where eth and other altcoins are trying to solve). It touches real life use case of socials, economics, politics and even religion.

I was worried abt the scaling debate, but i become less and less care abt it. One thing that make btc special is the timing. Btc is proving itself as store of value during global crisis and political issues while eth is busy with all these forks.

I dont think i have luck in any get rich quick scheme, so i dont care how much price of eth later. Imo, if i ever gonna buy ETH, it must be able to explain itself in nontechnical, proof itself as store of value, and real use case. If eth ever come close to btc parity, i'll simply compare and switch.

And im not buying eth in $$ or any form of fiat.
kmarc
post Mar 12 2017, 08:45 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 12 2017, 12:11 AM)
As I mentioned before, in the weeks leading up to the SEC decision, the BTC prices have been greatly volatile, and as the vast majority of the community had already expected a rejection from SEC for the ETF, the prices of BTC had already factored that in......which means that it is unlikely that the prices will drop so drastically to USD 850 - 900.
I had to consciously stop myself from jumping on the bandwagon and buying Dash......I envy the people making quick bucks due to the crazy hikes recently, but I just could not see the real reason behind the hikes, and had no confidence in the sustainability.
As I am more of the paranoid type of investor, I think I will just stick to BTC and ETH.
I wouldn't be able to handle the heart attacks.
mega_shok.gif
*
Haiyaaa.. how come you didn't tell me. Or maybe you did..... blush.gif

I now have BTC, DASH, ETH, XMR, XRP, XEM, ARDR, DCR, FCT, LTC, Maid, NXT and PASC,. Crazy right? No choice. Craziness + man-made craziness = two wrongs make a right. biggrin.gif I only have little value of the minor coins, which can be bought for like 0.2 BTC for 5000 coins. sweat.gif Hey, can even buy USD, in the form of tether USD, to hedge again MYR.

As mentioned previously, in my humblest opinion, I feel that this is the opportunity of a lifetime, something that we average people won't ever get. Either it goes to the moon or crash and burn, I'm going all the way. The ease of acquiring the coins, the inherently HUGE potential of upside (and downside) of this craziness and the borderless nature of cryptocurrencies (that enable us to use any exchange in the world), is an opportunity we will never get in our average life. Of course, for those reading my crazy post for the first time, do note that I'm only targeting about 10% of my total investments and not putting everything into this craziness. I'm still a paranoid safe investor.....ermmm... ok ok 90% safe and 10% crazy. laugh.gif

The only thing holding me back is my hardware wallet. Will wait for that before I get more.

QUOTE(max_cavalera @ Mar 12 2017, 01:24 AM)
may i know u guys use which exchange? is poloniex legit and safe? please recommend me a good one
*
I use poloniex. As with all exchanges, the general view is that there is always risk of hackers. It is good to keep some of your coins in a safe place like hardware wallet, paper wallet or offline.

Here's all the exchanges available : https://www.cryptocompare.com/coins/btc/markets/USD

Some examples of theft :
http://www.reuters.com/article/us-bitfinex...g-idUSKCN10E0KP
http://www.thedailybeast.com/articles/2016...-of-mt-gox.html

QUOTE(WooTz @ Mar 12 2017, 02:10 AM)
Dash has gone completely bananas.

And I'm thinking ETH will be next to moon.
*
ETH achieved a new high! thumbup.gif

effectz
post Mar 12 2017, 10:09 AM

Regular
******
Senior Member
1,108 posts

Joined: Oct 2006
I mine ether with genesis mining
WooTz
post Mar 12 2017, 10:26 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(archangel22 @ Mar 12 2017, 03:28 AM)
1MB you mean the scalability issue in btc?

Bitcoin is no longer just about technicalities (where eth and other altcoins are trying to solve). It touches real life use case of socials, economics, politics and even religion.

I was worried abt the scaling debate, but i become less and less care abt it. One thing that make btc special is the timing. Btc is proving itself as store of value during global crisis and political issues while eth is busy with all these forks.

I dont think i have luck in any get rich quick scheme, so i dont care how much price of eth later. Imo, if i ever gonna buy ETH, it must be able to explain itself in nontechnical, proof itself as store of value, and real use case. If eth ever come close to btc parity, i'll simply compare and switch.

And im not buying eth in $$ or any form of fiat.
*
You really should be worried about Bitcoin technicalities, you have real business people like Circle and mining pool who's switching from BTC payments to ETH. Your use case is evaporating the longer the stalemate goes. Now battle for ETH ATH is within reach, and the consensus is 3-5x of current price to be fair value. By the time you switch, you'll be buying at a much higher prices.

QUOTE(effectz @ Mar 12 2017, 10:09 AM)
I mine ether with genesis mining
*
Genesis mining telan my 0.9 BTC a year ago, I'm still pissed.
max_cavalera
post Mar 12 2017, 02:03 PM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh
QUOTE(kmarc @ Mar 12 2017, 09:45 AM)
Haiyaaa.. how come you didn't tell me. Or maybe you did.....  blush.gif

I now have BTC, DASH, ETH, XMR, XRP, XEM, ARDR, DCR, FCT, LTC, Maid, NXT and PASC,. Crazy right? No choice. Craziness + man-made craziness = two wrongs make a right.  biggrin.gif I only have little value of the minor coins, which can be bought for like 0.2 BTC for 5000 coins.  sweat.gif Hey, can even buy USD, in the form of tether USD, to hedge again MYR.

As mentioned previously, in my humblest opinion, I feel that this is the opportunity of a lifetime, something that we average people won't ever get. Either it goes to the moon or crash and burn, I'm going all the way. The ease of acquiring the coins, the inherently HUGE potential of upside (and downside) of this craziness and the borderless nature of cryptocurrencies (that enable us to use any exchange in the world), is an opportunity we will never get in our average life. Of course, for those reading my crazy post for the first time, do note that I'm only targeting about 10% of my total investments and not putting everything into this craziness. I'm still a paranoid safe investor.....ermmm... ok ok 90% safe and 10% crazy. laugh.gif

The only thing holding me back is my hardware wallet. Will wait for that before I get more.
I use poloniex. As with all exchanges, the general view is that there is always risk of hackers. It is good to keep some of your coins in a safe place like hardware wallet, paper wallet or offline.

Here's all the exchanges available : https://www.cryptocompare.com/coins/btc/markets/USD

Some examples of theft :
http://www.reuters.com/article/us-bitfinex...g-idUSKCN10E0KP
http://www.thedailybeast.com/articles/2016...-of-mt-gox.html
ETH achieved a new high!  thumbup.gif
*
How to get started bro? I already open account with poloniex but dunno how to deposit USD into that account?
TSwengherng
post Mar 12 2017, 02:45 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(max_cavalera @ Mar 12 2017, 01:24 AM)
may i know u guys use which exchange? is poloniex legit and safe? please recommend me a good one
*
I use Poloniex amongst other exchanges.
The good thing about Poloniex is that its got very high trading volumes, very liquid.

QUOTE(archangel22 @ Mar 12 2017, 02:24 AM)
Maybe. Who knows. Until smart-contract for Bitcoin RSK come in play http://www.rsk.co then I'll decide to buy ETH or not. biggrin.gif
*
Been hearing about RSK for some time now. Even though I think it's a very good initiative and that merge-mining is an interesting concept, however I think there are still many hurdles to overcome. Even now they are still in the experimental stage on testnet.
Assuming it even works, it will still take quite a while more before they can actually transition to the live network, maybe one year?
And one year is a long time in the cryptocurrency world.

QUOTE(kmarc @ Mar 12 2017, 08:45 AM)
Haiyaaa.. how come you didn't tell me. Or maybe you did.....  blush.gif

I now have BTC, DASH, ETH, XMR, XRP, XEM, ARDR, DCR, FCT, LTC, Maid, NXT and PASC,. Crazy right? No choice. Craziness + man-made craziness = two wrongs make a right.  biggrin.gif I only have little value of the minor coins, which can be bought for like 0.2 BTC for 5000 coins.  sweat.gif Hey, can even buy USD, in the form of tether USD, to hedge again MYR.

As mentioned previously, in my humblest opinion, I feel that this is the opportunity of a lifetime, something that we average people won't ever get. Either it goes to the moon or crash and burn, I'm going all the way. The ease of acquiring the coins, the inherently HUGE potential of upside (and downside) of this craziness and the borderless nature of cryptocurrencies (that enable us to use any exchange in the world), is an opportunity we will never get in our average life. Of course, for those reading my crazy post for the first time, do note that I'm only targeting about 10% of my total investments and not putting everything into this craziness. I'm still a paranoid safe investor.....ermmm... ok ok 90% safe and 10% crazy. laugh.gif

The only thing holding me back is my hardware wallet. Will wait for that before I get more.
*
I did mention several weeks ago that I do not expect BTC to drop below USD 1k even if the ETF was denied.
But even I was surprised at the resilience of BTC. It dropped only about USD 150, and has even since regained about USD 50 of that, and we're not even 48 hours since the announcement.
This says a lot about the confidence of the population in the decentralised nature of BTC.
Right now, it's got so huge and decentralised that no single government or world event can affect it as much as it could have back in 2014.



kmarc
post Mar 12 2017, 06:09 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(max_cavalera @ Mar 12 2017, 02:03 PM)
How to get started bro? I already open account with poloniex but dunno how to deposit USD into that account?
*
Not too sure about USD. I buy altcoins using bitcoins in Poloniex. Bitcoins I buy using MYR using Peer-2-peer platform like remitano and localbitcoins which I then transfer to poloniex.

QUOTE(wengherng @ Mar 12 2017, 02:45 PM)
I did mention several weeks ago that I do not expect BTC to drop below USD 1k even if the ETF was denied.
But even I was surprised at the resilience of BTC. It dropped only about USD 150, and has even since regained about USD 50 of that, and we're not even 48 hours since the announcement.
This says a lot about the confidence of the population in the decentralised nature of BTC.
Right now, it's got so huge and decentralised that no single government or world event can affect it as much as it could have back in 2014.
*
Ya, I sold of some BTC in the hopes of buying back cheaper. After waiting for the never-coming drop, bought back at only USD50 cheaper. Oh well, at least something..... biggrin.gif

SEC rejection of Winkelvoss' bitcoin ETF because of bitcoin's unregulated nature really throws a lot of uncertainty on future ETF application. Whatever it is, my plan is to wait a few days to see any drop, then buy some BTC before the next ETF, then sell off some before results come out.

This post has been edited by kmarc: Mar 12 2017, 06:10 PM
effectz
post Mar 12 2017, 11:08 PM

Regular
******
Senior Member
1,108 posts

Joined: Oct 2006
QUOTE(WooTz @ Mar 12 2017, 10:26 AM)
.
Genesis mining telan my 0.9 BTC a year ago, I'm still pissed.
*
That's big amount. Tell us more.
TSwengherng
post Mar 12 2017, 11:54 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 12 2017, 06:09 PM)
Ya, I sold of some BTC in the hopes of buying back cheaper. After waiting for the never-coming drop, bought back at only USD50 cheaper. Oh well, at least something.....  biggrin.gif

SEC rejection of Winkelvoss' bitcoin ETF because of bitcoin's unregulated nature really throws a lot of uncertainty on future ETF application. Whatever it is, my plan is to wait a few days to see any drop, then buy some BTC before the next ETF, then sell off some before results come out.
*
Yes, that may be true.
But bear in mind also, that the US is not the only country trying to get a bitcoin ETF approved.
Several other countries. including South Korea, are trying to do that as well.
I tend to think that it's just a matter of time until one is finally approved, in whichever country.
kmarc
post Mar 13 2017, 08:15 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 12 2017, 11:54 PM)
Yes, that may be true.
But bear in mind also, that the US is not the only country trying to get a bitcoin ETF approved.
Several other countries. including South Korea, are trying to do that as well.
I tend to think that it's just a matter of time until one is finally approved, in whichever country.
*
Oh really? Didn't know that.

On further news about cryptocurrencies...... HOLY COW!!!! Everything is going up! It feels like the stock market that just crashed and starting it's bull run. I never experience the euphoric bullrun in the 90s where whatever IPO or stocks you buy will probably give you much profit. You know, like the joke about lawyers in the US, there's so many of them that if you throw a stone into a crowd, you probably hit one of them. Haha.... I think that's the joke. Fundamentals or reasons didn't matter. Example is DCR which I bought a few days ago. Now up 40%. DASH bought 2 weeks ago. Now up 60%...... rclxub.gif I did enter the crash in 2008 but sold off very fast as I promised myself not to play stocks when it was high. After that, KLSE just kept on going up and up and up vmad.gif .......... Not going to miss this boat this time although the problem is when to get off.... rclxub.gif

Regret didn't get REP (Augur) past few days. Was in my radar. Today already jumped 20%. Will probably get a bit of REP, DOGE, CLAM soon to add to my crazy portfolio. Reason? Mr. Google + Mr. Forum + Mr. Volume + Mr. Crazy said so. icon_question.gif

On other news, DASH is also shooting up. In poloniex trollbox, many said that there was no reason for DASH to shoot up as it was not a good cryptocurrency. They think it is pump and dump. They were wrong... for now anyways. Keeps on going up and up and I just lent out my DASH for 0.4% per day after which somebody lent out at 0.6%. mad.gif As mentioned, fundamentals goes out the back door for now.

Again, for those who would like to venture into cryptocurrencies, would like to stress that these are crazy times. Enter at your own risk! smile.gif

This post has been edited by kmarc: Mar 13 2017, 08:29 AM
WooTz
post Mar 13 2017, 08:52 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(effectz @ Mar 12 2017, 11:08 PM)
That's big amount. Tell us more.
*
I was a bitcoiner back in the late 2015.

I donated hashpower to support Bitcoin Classic, not only that they FFK on their promise, they returned next to nothing on my investment.

Never again.

$24 ETH on Monday is a good start, DASH moon pumping is good, free media publicity and eventual overflow into other crypto. Still not touching it though.
cheefai7
post Mar 13 2017, 09:53 AM

making coffee constantly
****
Senior Member
609 posts

Joined: Apr 2006
Being reading up about the P2P lending future and the importance of cryptocurrencies comes into play. To start the game here in M'sia is to get a physical wallet, buy some bitcoins at remitano or localbitcoins, then transfer to poloniex to unlock for other cryto trading. Buy/Sell the currency like forex. This is the gameplay?

This post has been edited by cheefai7: Mar 13 2017, 09:53 AM
WooTz
post Mar 13 2017, 10:02 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(cheefai7 @ Mar 13 2017, 09:53 AM)
Being reading up about the P2P lending future and the importance of cryptocurrencies comes into play. To start the game here in M'sia is to get a physical wallet, buy some bitcoins at remitano or localbitcoins, then transfer to poloniex to unlock for other cryto trading. Buy/Sell the currency like forex. This is the gameplay?
*
This isn't a game, it's a revolution.

The red pill of the digital economy.

Have a read before you purchase any crypto.

“The Flippening” & How I Learned to Stop Loving Bitcoin

» Click to show Spoiler - click again to hide... «


Choose wisely and only invest in what you're comfortable of losing
WooTz
post Mar 13 2017, 11:45 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
0.02 ETH/BTC and $25 ETH/USD on Coinbase

Shit's going exponential like DASH
archangel22
post Mar 13 2017, 11:47 AM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(WooTz @ Mar 13 2017, 10:02 AM)
This isn't a game, it's a revolution.

The red pill of the digital economy.

Have a read before you purchase any crypto.

“The Flippening” & How I Learned to Stop Loving Bitcoin

» Click to show Spoiler - click again to hide... «


Choose wisely and only invest in what you're comfortable of losing
*
You have a personal grudge on bitcoin and then speak language of charlatans and FUDs.
Really man, you sound like just another SJWs in cryptoworld. Driven by hatred.

Bitcoin and eth different functions. Bitcoin is better at being a currency, and eth is (likely) to be better at smart contract which no one knows for sure yet. Both are based on the same concept of blockchain.

Eth introduce itself as smartcontract which is just another use case of blockchain. The next step to see this is actually why the devs did not apply the smart contract on top of bitcoin. Obviously bitcoin market is big, lots of tests and and trials can be done to see what works and what not.

Why i see that you speak charlatans? Bcse you speak things too technicals, things that has no direct impact to general public. Eth and alts will always be in the shadow of bitcoin, not on functionality, but brand name.

Indeed, invest at your own risk. But in a simple language Bitcoin=money, Ethereum=token for smartcontract application.

Public just begin to know cryptocurrency and youre asking them to directly learn about IoT technicals. Like in the 80s we found internet and you expect people to understand how facebook/smartphone works directly?

People of course will look into smartcontract but youre Eth is up for a queue. Once people understand digital money with bitcoin then youre up next. The application will be adopted quickly but Eth is also up for a competition with other altcoins as well as next development of bitcoin use case.

Actually you maybe correct. There may be no solution to blocksizedebate on bitcoin itself. The solution might actually alrdy here. Its not that bitcoin has no hardfork yet, bitcoin has alrdy hardforked for more than 600times. Result of hardfork? Eth and altcoins. smile.gif

For firsttimers this is the similar to age of discovery, altcoins are just like minerals and people like you trying to convince other that your stone/metal is more valuable than others. Whereby in other place people alrdy discovered 1 precious metal with proven usability for 8 yrs. Its just my opinion though, im no technical person. biggrin.gif
WooTz
post Mar 13 2017, 11:52 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(archangel22 @ Mar 13 2017, 11:47 AM)
You have a personal grudge on bitcoin and then speak language of charlatans and FUDs.
Really man, you sound like just another SJWs in cryptoworld. Driven by hatred.

Bitcoin and eth different functions. Bitcoin is better at being a currency, and eth is (likely) to be better at smart contract which no one knows for sure yet. Both are based on the same concept of blockchain.

Eth introduce itself as smartcontract which is just another use case of blockchain. The next step to see this is actually why the devs did not apply the smart contract on top of bitcoin. Obviously bitcoin market is big, lots of tests and and trials can be done to see what works and what not.

Why i see that you speak charlatans? Bcse you speak things too technicals, things that has no direct impact to general public. Eth and alts will always be in the shadow of bitcoin, not on functionality, but brand name.

Indeed, invest at your own risk. But in a simple language Bitcoin=money, Ethereum=token for smartcontract application.

Public just begin to know cryptocurrency and youre asking them to directly learn about IoT technicals. Like in the 80s we found internet and you expect people to understand how facebook/smartphone works directly?

People of course will look into smartcontract but youre Eth is up for a queue. Once people understand digital money with bitcoin then youre up next. The application will be adopted quickly but Eth is also up for a competition with other altcoins as well as next development of bitcoin use case.

Actually you maybe correct. There may be no solution to blocksizedebate on bitcoin itself. The solution might actually alrdy here. Its not that bitcoin has no hardfork yet, bitcoin has alrdy hardforked for more than 600times. Result of hardfork? Eth and altcoins. smile.gif

For firsttimers this is the similar to age of discovery, altcoins are just like minerals and people like you trying to convince other that your stone/metal is more valuable than others. Whereby in other place people alrdy discovered 1 precious metal with proven usability for 8 yrs. Its just my opinion though, im no technical person. biggrin.gif
*
If there's something better than Ethereum, I'd switch ship just like buying a new smartphone. That's just how it is.

You seem to love your Nokia 3310 a little too much. I'll always buy the better phone when it reaches the market.

I'll see you at $100 ETH then.
kmarc
post Mar 13 2017, 12:50 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(cheefai7 @ Mar 13 2017, 09:53 AM)
Being reading up about the P2P lending future and the importance of cryptocurrencies comes into play. To start the game here in M'sia is to get a physical wallet, buy some bitcoins at remitano or localbitcoins, then transfer to poloniex to unlock for other cryto trading. Buy/Sell the currency like forex. This is the gameplay?
*
Wow! I thought cryptocurrencies were high risk and you're already talking about lending futures? notworthy.gif But then again, I guess if we're expecting most cryptos to increase markedly, I guess playing futures (or shorts) would be a good idea. biggrin.gif As for me, I will never ever touch those..... ever..... I think..... whistling.gif

Anyway, the "gameplay" is as such because as far as I know, there is not much exchanges that accepts MYR. The only way is to use websites that accepts MYR such as localbitcoins, remitano, xbitasia, etc, to buy bitcoins. Bitcoins is accept in all exchanges (that's why they exist!) where you can trade BTC or buy altcoins using BTC. Poloniex is just one exchange. wink.gif

QUOTE(WooTz @ Mar 13 2017, 11:45 AM)
0.02 ETH/BTC and $25 ETH/USD on Coinbase

Shit's going exponential like DASH
*
ATH!!!! thumbup.gif

QUOTE(archangel22 @ Mar 13 2017, 11:47 AM)
You have a personal grudge on bitcoin and then speak language of charlatans and FUDs.
Really man, you sound like just another SJWs in cryptoworld. Driven by hatred.

Bitcoin and eth different functions. Bitcoin is better at being a currency, and eth is (likely) to be better at smart contract which no one knows for sure yet. Both are based on the same concept of blockchain.

Eth introduce itself as smartcontract which is just another use case of blockchain. The next step to see this is actually why the devs did not apply the smart contract on top of bitcoin. Obviously bitcoin market is big, lots of tests and and trials can be done to see what works and what not.

Why i see that you speak charlatans? Bcse you speak things too technicals, things that has no direct impact to general public. Eth and alts will always be in the shadow of bitcoin, not on functionality, but brand name.

Indeed, invest at your own risk. But in a simple language Bitcoin=money, Ethereum=token for smartcontract application.

Public just begin to know cryptocurrency and youre asking them to directly learn about IoT technicals. Like in the 80s we found internet and you expect people to understand how facebook/smartphone works directly?

People of course will look into smartcontract but youre Eth is up for a queue. Once people understand digital money with bitcoin then youre up next. The application will be adopted quickly but Eth is also up for a competition with other altcoins as well as next development of bitcoin use case.

Actually you maybe correct. There may be no solution to blocksizedebate on bitcoin itself. The solution might actually alrdy here. Its not that bitcoin has no hardfork yet, bitcoin has alrdy hardforked for more than 600times. Result of hardfork? Eth and altcoins. smile.gif

For firsttimers this is the similar to age of discovery, altcoins are just like minerals and people like you trying to convince other that your stone/metal is more valuable than others. Whereby in other place people alrdy discovered 1 precious metal with proven usability for 8 yrs. Its just my opinion though, im no technical person. biggrin.gif
*
Come come now. Everybody has their own preferences and opinions. Don't have to be so blunt. wink.gif

WooTz is just giving a word of caution. It is up to each person to decide for their own. Let's all profit from cryptocurrencies! thumbup.gif

This post has been edited by kmarc: Mar 13 2017, 12:52 PM
TSwengherng
post Mar 13 2017, 12:51 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 13 2017, 08:15 AM)
Oh really? Didn't know that.

On further news about cryptocurrencies...... HOLY COW!!!! Everything is going up! It feels like the stock market that just crashed and starting it's bull run. I never experience the euphoric bullrun in the 90s where whatever IPO or stocks you buy will probably give you much profit. You know, like the joke about lawyers in the US, there's so many of them that if you throw a stone into a crowd, you probably hit one of them. Haha.... I think that's the joke. Fundamentals or reasons didn't matter. Example is DCR which I bought a few days ago. Now up 40%. DASH bought 2 weeks ago. Now up 60%......  rclxub.gif I did enter the crash in 2008 but sold off very fast as I promised myself not to play stocks when it was high. After that, KLSE just kept on going up and up and up vmad.gif .......... Not going to miss this boat this time although the problem is when to get off....  rclxub.gif

Regret didn't get REP (Augur) past few days. Was in my radar. Today already jumped 20%. Will probably get a bit of REP, DOGE, CLAM soon to add to my crazy portfolio. Reason? Mr. Google + Mr. Forum + Mr. Volume + Mr. Crazy said so.  icon_question.gif

On other news, DASH is also shooting up. In poloniex trollbox, many said that there was no reason for DASH to shoot up as it was not a good cryptocurrency. They think it is pump and dump. They were wrong... for now anyways. Keeps on going up and up and I just lent out my DASH for 0.4% per day after which somebody lent out at 0.6%.  mad.gif As mentioned, fundamentals goes out the back door for now.

Again, for those who would like to venture into cryptocurrencies, would like to stress that these are crazy times. Enter at your own risk!  smile.gif
*
Easy there mate.
I know it's none of my business, but you're starting to sound just a little too euphoric.
The current so-called bull run started around December 2016 and although showing no signs of stopping yet, you should be very cautious still.
As you said, the market is getting crazy and there's really no fundamentals to support this kind of bull run for long.


QUOTE(WooTz @ Mar 13 2017, 10:02 AM)
This isn't a game, it's a revolution.

The red pill of the digital economy.

Have a read before you purchase any crypto.

“The Flippening” & How I Learned to Stop Loving Bitcoin

Choose wisely and only invest in what you're comfortable of losing
*
I'm not fully convinced about the flippening (not to say it won't happen, of course, just that I have my reservations).
But in any case, I am quite optimistic that both BTC and ETH have their respective roles to play, and that I envision a future where both co-exist.
Just like how I think that many of the cryptocurrencies today will still be in existence for quite some time, although they do not seem to have any actual use at all.
kmarc
post Mar 13 2017, 12:58 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 13 2017, 12:51 PM)
Easy there mate.
I know it's none of my business, but you're starting to sound just a little too euphoric.
The current so-called bull run started around December 2016 and although showing no signs of stopping yet, you should be very cautious still.
As you said, the market is getting crazy and there's really no fundamentals to support this kind of bull run for long.

*
Again, thx for your wise words of advice. thumbup.gif Good that you didn't say I sounded a bit too crazy. biggrin.gif

I'm almost finished with buying what I wanted. Almost reaching my 10%. Will save a bit more after seeing the trend.

This morning added AUGUR, Belacoin, clams and Dogecoin. I know I know. Crazy, but it's not much... Dogecoin 50k for 0.01 BTC!

This post has been edited by kmarc: Mar 13 2017, 01:03 PM
WooTz
post Mar 13 2017, 01:22 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 13 2017, 12:51 PM)
Easy there mate.
I know it's none of my business, but you're starting to sound just a little too euphoric.
The current so-called bull run started around December 2016 and although showing no signs of stopping yet, you should be very cautious still.
As you said, the market is getting crazy and there's really no fundamentals to support this kind of bull run for long.
I'm not fully convinced about the flippening (not to say it won't happen, of course, just that I have my reservations).
But in any case, I am quite optimistic that both BTC and ETH have their respective roles to play, and that I envision a future where both co-exist.
Just like how I think that many of the cryptocurrencies today will still be in existence for quite some time, although they do not seem to have any actual use at all.
*
Well, it's $27 now. There's euphoria, then there's fiat money rushing in, especially the Koreans, they're leading the rise ever since EEA.

Flippening has yet to occur, Bitcoin dominance still staying at above 80%
effectz
post Mar 13 2017, 01:25 PM

Regular
******
Senior Member
1,108 posts

Joined: Oct 2006
QUOTE(WooTz @ Mar 13 2017, 08:52 AM)
I was a bitcoiner back in the late 2015.

I donated hashpower to support Bitcoin Classic, not only that they FFK on their promise, they returned next to nothing on my investment.

Never again.
What did they promise?
WooTz
post Mar 13 2017, 01:27 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(effectz @ Mar 13 2017, 01:25 PM)
What did they promise?
*
To mine 2MB blocks, thanks to the HK agreement, I began looking elsewhere and stumbled across the Ethereum subreddit. The rest is history


cheefai7
post Mar 13 2017, 01:47 PM

making coffee constantly
****
Senior Member
609 posts

Joined: Apr 2006
QUOTE(kmarc @ Mar 13 2017, 12:50 PM)
Wow! I thought cryptocurrencies were high risk and you're already talking about lending futures?  notworthy.gif But then again, I guess if we're expecting most cryptos to increase markedly, I guess playing futures (or shorts) would be a good idea.  biggrin.gif As for me, I will never ever touch those..... ever..... I think.....  whistling.gif

Anyway, the "gameplay" is as such because as far as I know, there is not much exchanges that accepts MYR. The only way is to use websites that accepts MYR such as localbitcoins, remitano, xbitasia, etc, to buy bitcoins. Bitcoins is accept in all exchanges (that's why they exist!) where you can trade BTC or buy altcoins using BTC. Poloniex is just one exchange. wink.gif
ATH!!!!  thumbup.gif
Come come now. Everybody has their own preferences and opinions. Don't have to be so blunt. wink.gif

WooTz is just giving a word of caution. It is up to each person to decide for their own. Let's all profit from cryptocurrencies!  thumbup.gif
*
It's all financial gameplan, if the future is what we envisioned it, then we should put forth, but I need to understand the fundamental of the cryptocurrency value, if all of this is just a hype, then it should be diminishing soon.
TSwengherng
post Mar 13 2017, 01:58 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 13 2017, 12:58 PM)
Again, thx for your wise words of advice.  thumbup.gif Good that you didn't say I sounded a bit too crazy.  biggrin.gif

I'm almost finished with buying what I wanted. Almost reaching my 10%. Will save a bit more after seeing the trend.

This morning added AUGUR, Belacoin, clams and Dogecoin. I know I know. Crazy, but it's not much... Dogecoin 50k for 0.01 BTC!
*
I wouldn't call anyone crazy, as long as they know the risks and are aware of what they are doing.
Your money is your own business, after all.
Of course, I wish you all the very best in your investment endeavors.
I myself also have Dash and Monero, so who am I to judge? blush.gif

QUOTE(WooTz @ Mar 13 2017, 01:22 PM)
Well, it's $27 now. There's euphoria, then there's fiat money rushing in, especially the Koreans, they're leading the rise ever since EEA.

Flippening has yet to occur, Bitcoin dominance still staying at above 80%
*
I have both ETH and BTC (although with a bigger portion in BTC) so a rise in either one will benefit me. biggrin.gif
I will slowly increase my stake in ETH, that's for sure.
kmarc
post Mar 13 2017, 02:16 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(cheefai7 @ Mar 13 2017, 01:47 PM)
It's all financial gameplan, if the future is what we envisioned it, then we should put forth, but I need to understand the fundamental of the cryptocurrency value, if all of this is just a hype, then it should be diminishing soon.
*
Noted. However, I sincerely don't think it will diminish any time soon. More people are getting more aware of cryptocurrencies and more money will pour in. Probably some BTC funds going into altcoins too. I think to many, the prospect of get-rich-quick is just too tempting. My opinion only. wink.gif

QUOTE(wengherng @ Mar 13 2017, 01:58 PM)
I wouldn't call anyone crazy, as long as they know the risks and are aware of what they are doing.
Your money is your own business, after all.
Of course, I wish you all the very best in your investment endeavors.
I myself also have Dash and Monero, so who am I to judge?  blush.gif
I have both ETH and BTC (although with a bigger portion in BTC) so a rise in either one will benefit me.  biggrin.gif
I will slowly increase my stake in ETH, that's for sure.
*
All the best to you too! thumbup.gif

Are you lending out your DASH? It's going for 0.2-0.3% interest/day at poloniex.

This post has been edited by kmarc: Mar 13 2017, 02:16 PM
cheefai7
post Mar 13 2017, 03:08 PM

making coffee constantly
****
Senior Member
609 posts

Joined: Apr 2006
Some good read on bitcoin and prediction on it's future.

https://www.technologyreview.com/s/600781/t...bitcoin-dreams/
TSwengherng
post Mar 13 2017, 03:33 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 13 2017, 02:16 PM)
Noted. However, I sincerely don't think it will diminish any time soon. More people are getting more aware of cryptocurrencies and more money will pour in. Probably some BTC funds going into altcoins too. I think to many, the prospect of get-rich-quick is just too tempting. My opinion only. wink.gif
All the best to you too!  thumbup.gif

Are you lending out your DASH? It's going for 0.2-0.3% interest/day at poloniex.
*
No, I have no idea how this "lending" works, and have not actually had time to read into it, to be honest.
How's it working out for you?
What's the risk?
kmarc
post Mar 13 2017, 03:57 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 13 2017, 03:33 PM)
No, I have no idea how this "lending" works, and have not actually had time to read into it, to be honest.
How's it working out for you?
What's the risk?
*
So far so good. DASH has the highest lending rate on poloniex so far. Probably due to high demand. I just transfer a certain amount of Dash from the exchange fund to the lending fund within poloniex. Transfering within your own "account" funds are easy, just have to use the transfer function.

Once DASH is in the lending fund, you can lend out the funds. However, you have to quote the lowest rate if you want it to be taken up fast. Say the lowest quoted rate is 0.2%. So you can quote 0.199% for a 2-days loan with or without auto renew. Duration is flexible but I think the shorter the better. Once the loan offered is taken up, the interest will start to accumulate and update every 20-30 seconds.

The person taking the loan can cancel at any time and your funds will be available to be loaned out again. If you set auto-renew, it will just offer the loan at that rate again. If you don't set auto-renew, the returned loan amount will have to be manually offered again.

Pros and cons of auto-renew. With auto-renew, you don't have to frequently check to see whether the funds are returned. However, the cons is that the rate might be higher. For example, my first Dash loan was offered at 0.088% and auto-renewed and loaned out later at the same rate when the going rate was 0.2%! Without auto-renew, you can try to get the best rate at that point of time but the cons is that you have to frequently check. Remember that a loan offered for 2 days doesn't mean that it will be loaned out for 2 days. It might be returned a few seconds later!!!! So far, Dash loans are taken up the full 2-days due to demand.

I think have to try it out for yourself then you'll understand the whole process. I guess the returns over days are not much especially if the amount is small and you have no time to micromanage. For me, it's better than sitting on the exchange doing nothing!

Do remember a rate of 0.2% is for 24 hours. Meaning in the unlikely event that you managed to loan out that rate for 1 year, the effective annual interest rate is 0.2% x 365 days = 73%!!!!

I even loaned out my ETH which is like 0.0003%. Just for the fun of it. biggrin.gif So far, I have loaned out like 50 loans and no problems so far (because some loans are returned very fast when somebody offers a lower rate).

Risk-wise, the moderators say that the loaned out coins cannot be taken off the exchange. They also said that there were some other safeguards. Meaning if you loaned out 20 DASH, it cannot be transferred out. Even if DASH value dropped 10% and the person made a lost, it is still 20 DASH which he will return back! That's what I understand anyway. unsure.gif

This post has been edited by kmarc: Mar 13 2017, 04:06 PM
archangel22
post Mar 13 2017, 04:41 PM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(kmarc @ Mar 13 2017, 03:57 PM)
So far so good. DASH has the highest lending rate on poloniex so far. Probably due to high demand. I just transfer a certain amount of Dash from the exchange fund to the lending fund within poloniex. Transfering within your own "account" funds are easy, just have to use the transfer function.

Once DASH is in the lending fund, you can lend out the funds. However, you have to quote the lowest rate if you want it to be taken up fast. Say the lowest quoted rate is 0.2%. So you can quote 0.199% for a 2-days loan with or without auto renew. Duration is flexible but I think the shorter the better. Once the loan offered is taken up, the interest will start to accumulate and update every 20-30 seconds.

The person taking the loan can cancel at any time and your funds will be available to be loaned out again. If you set auto-renew, it will just offer the loan at that rate again. If you don't set auto-renew, the returned loan amount will have to be manually offered again.

Pros and cons of auto-renew. With auto-renew, you don't have to frequently check to see whether the funds are returned. However, the cons is that the rate might be higher. For example, my first Dash loan was offered at 0.088% and auto-renewed and loaned out later at the same rate when the going rate was 0.2%! Without auto-renew, you can try to get the best rate at that point of time but the cons is that you have to frequently check. Remember that a loan offered for 2 days doesn't mean that it will be loaned out for 2 days. It might be returned a few seconds later!!!! So far, Dash loans are taken up the full 2-days due to demand.

I think have to try it out for yourself then you'll understand the whole process. I guess the returns over days are not much especially if the amount is small and you have no time to micromanage. For me, it's better than sitting on the exchange doing nothing!

Do remember a rate of 0.2% is for 24 hours. Meaning in the unlikely event that you managed to loan out that rate for 1 year, the effective annual interest rate is 0.2% x 365 days = 73%!!!!

I even loaned out my ETH which is like 0.0003%. Just for the fun of it.  biggrin.gif So far, I have loaned out like 50 loans and no problems so far (because some loans are returned very fast when somebody offers a lower rate).

Risk-wise, the moderators say that the loaned out coins cannot be taken off the exchange. They also said that there were some other safeguards. Meaning if you loaned out 20 DASH, it cannot be transferred out. Even if DASH value dropped 10% and the person made a lost, it is still 20 DASH which he will return back! That's what I understand anyway.  unsure.gif
*
fractional reserve and leveraged trading. thumbup.gif

seems like you are experiencing what bankers did and felt back in 2008 crash with CDOs. With the hope that Dash is (theoretically) performing asset/mortagage.

Thanks. Quite an eye-opening. so when altcoins crash happens after this bull run, 1 or 2 altcoins and/or exchanges will close shop. doh.gif
i dont think it'll be bitcoin, The Chinese had done that with bitcoin, and it survived that end of last year, again by use case and so called 'maximalists' hodlers bailing it out + interestingly a small 'help' by PBOC. Are Dash/Eth/altcoins owner loyal to its currency? Altcoins holders who's into this world just for the money are likely go back to bitcoin, proven store of value.

But mybe it'll be different this time. smile.gif
kmarc
post Mar 13 2017, 05:50 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(archangel22 @ Mar 13 2017, 04:41 PM)
fractional reserve and leveraged trading.  thumbup.gif

seems like you are experiencing what bankers did and felt back in 2008 crash with CDOs. With the hope that Dash is (theoretically) performing asset/mortagage.

Thanks. Quite an eye-opening. so when altcoins crash happens after this bull run, 1 or 2 altcoins and/or exchanges will close shop.  doh.gif
i dont think it'll be bitcoin, The Chinese had done that with bitcoin, and it survived that end of last year, again by use case and so called 'maximalists' hodlers bailing it out + interestingly a small 'help' by PBOC. Are Dash/Eth/altcoins owner loyal to its currency? Altcoins holders who's into this world just for the money are likely go back to bitcoin, proven store of value.

But mybe it'll be different this time. smile.gif
*
Yes, fractional reserve and leveraged trading....... have no idea what it means! laugh.gif

I'm not sure I fully understand your comments but anyway, I'm not loyal to any coins. I just don't want to miss this golden opportunity even though I'm a late comer. Those entering much earlier would be laughing all the way to the bank by now..... bye.gif
TSwengherng
post Mar 13 2017, 06:23 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 13 2017, 03:57 PM)
So far so good. DASH has the highest lending rate on poloniex so far. Probably due to high demand. I just transfer a certain amount of Dash from the exchange fund to the lending fund within poloniex. Transfering within your own "account" funds are easy, just have to use the transfer function.

Once DASH is in the lending fund, you can lend out the funds. However, you have to quote the lowest rate if you want it to be taken up fast. Say the lowest quoted rate is 0.2%. So you can quote 0.199% for a 2-days loan with or without auto renew. Duration is flexible but I think the shorter the better. Once the loan offered is taken up, the interest will start to accumulate and update every 20-30 seconds.

The person taking the loan can cancel at any time and your funds will be available to be loaned out again. If you set auto-renew, it will just offer the loan at that rate again. If you don't set auto-renew, the returned loan amount will have to be manually offered again.

Pros and cons of auto-renew. With auto-renew, you don't have to frequently check to see whether the funds are returned. However, the cons is that the rate might be higher. For example, my first Dash loan was offered at 0.088% and auto-renewed and loaned out later at the same rate when the going rate was 0.2%! Without auto-renew, you can try to get the best rate at that point of time but the cons is that you have to frequently check. Remember that a loan offered for 2 days doesn't mean that it will be loaned out for 2 days. It might be returned a few seconds later!!!! So far, Dash loans are taken up the full 2-days due to demand.

I think have to try it out for yourself then you'll understand the whole process. I guess the returns over days are not much especially if the amount is small and you have no time to micromanage. For me, it's better than sitting on the exchange doing nothing!

Do remember a rate of 0.2% is for 24 hours. Meaning in the unlikely event that you managed to loan out that rate for 1 year, the effective annual interest rate is 0.2% x 365 days = 73%!!!!

I even loaned out my ETH which is like 0.0003%. Just for the fun of it.  biggrin.gif So far, I have loaned out like 50 loans and no problems so far (because some loans are returned very fast when somebody offers a lower rate).

Risk-wise, the moderators say that the loaned out coins cannot be taken off the exchange. They also said that there were some other safeguards. Meaning if you loaned out 20 DASH, it cannot be transferred out. Even if DASH value dropped 10% and the person made a lost, it is still 20 DASH which he will return back! That's what I understand anyway.  unsure.gif
*
Thanks for the detailed explanation.
Except the part where your coins are locked during the duration that they are loaned out (which is logical), there doesn't seem to be any risk involved.
Sounds a little too good to be true. hmm.gif


QUOTE(archangel22 @ Mar 13 2017, 04:41 PM)
fractional reserve and leveraged trading.  thumbup.gif

seems like you are experiencing what bankers did and felt back in 2008 crash with CDOs. With the hope that Dash is (theoretically) performing asset/mortagage.

Thanks. Quite an eye-opening. so when altcoins crash happens after this bull run, 1 or 2 altcoins and/or exchanges will close shop.  doh.gif
i dont think it'll be bitcoin, The Chinese had done that with bitcoin, and it survived that end of last year, again by use case and so called 'maximalists' hodlers bailing it out + interestingly a small 'help' by PBOC. Are Dash/Eth/altcoins owner loyal to its currency? Altcoins holders who's into this world just for the money are likely go back to bitcoin, proven store of value.

But mybe it'll be different this time. smile.gif
*
I think the ones at risk would be those that have no real function and are purely sustained by hype and investors' greed.
True cryptocurrencies with real life uses (even though they overlap) like bitcoin, ether, monero, etc. will still have their place in the game.
And with the world population getting more and more acquainted with cryptocurrencies in general, it will be more and more difficult for any world government to "kill" them.
Exchanges earn their money from trades, either in bull runs or bear crashes, so I do not think they will close shop, except in extreme cases like a hack and theft.
kmarc
post Mar 13 2017, 06:58 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 13 2017, 06:23 PM)
Thanks for the detailed explanation.
Except the part where your coins are locked during the duration that they are loaned out (which is logical), there doesn't seem to be any risk involved.
Sounds a little too good to be true.  hmm.gif

*
Agreed. Only Dash has such high interest. Here's some comparison of spot interest as of now:

Dash : 0.4998% rclxub.gif
Eth : 0.003%
BTC : 0.0198%
XMR : 0.0085%
LTC : 0.0069%

My Dash loan at 0.3997% is still on loan since morning.....

This post has been edited by kmarc: Mar 13 2017, 07:00 PM
WooTz
post Mar 13 2017, 11:03 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
Just breached $30

Let's see if this holds over a week

ATH on 24hrs volume too, seeing all those fiat volume is glorious. Mini FOMO is occurring as we type here.

[attachmentid=8588694]

This post has been edited by WooTz: Mar 13 2017, 11:04 PM
TSwengherng
post Mar 14 2017, 01:50 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 13 2017, 11:03 PM)
Just breached $30

Let's see if this holds over a week

ATH on 24hrs volume too, seeing all those fiat volume is glorious. Mini FOMO is occurring as we type here.

[attachmentid=8588694]
*
Personally, I think this week is going to be another volatile week with a lot of new All Time Highs achieved.
In a couple of days, Donald Trump and the congress will have to deal with the American debt ceiling issue which Obama deferred from Oct 2015 to March 2017.
If they do not suspend or raise the debt ceiling in time, and the US Treasury exhausts its extraordinary measures, the federal government would no longer be able to borrow more money to service its financial obligations, including government bonds and securities. If that happens, then basically that would mean that for the first time in history, the US government has defaulted on its payments, and that would surely mean that all the rating agencies around the world would immediately downgrade the credit rating of the US, and I am pretty sure that in the ensuing chaos the US stock market will crash, the GDP will contract and the US economy will go into a recession, bringing several other economies with it.
Or......Trump could just suddenly decide to abolish the entire debt ceiling legislation altogether, which has been around for the past 100 years. He's crazy enough to pull something like that.
I might be mistaken, but I think 15th March was the deadline......or was it 30th?
Either way, there's going to be a lot of uncertainty in the coming days/weeks, and every time that happens, you can bet there's going to be massive capital inflow into cryptocurrencies, as the masses try to store their wealth away from fiat.
Exciting times.
-CoupeFanatic-
post Mar 14 2017, 03:04 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
You guys can check out this site.

http://alunacrypto.blogspot.my/

beginner's guide on crypto trading. Don't know who this guy is, but thanks to him we've got an elaborate explaination to cryptotrading.

kmarc wengherng WooTz if you guys are active trading daily, wanna start a telegram group or something?
piscess16
post Mar 14 2017, 04:39 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
want to ask, where are u all going to exchange the bitcoin to ringgit ?

today i have try using remitano, sell 0.056btc around RM 300, for the platform selling price is ok, because i checking from google the price is RM308.

but when i want to selling the btc, i need deposit to remitano 1st, i transfer 0.056 around USD 69 but the transaction fee is need USD 4

actual the fee is quite high, how to all transfer to rm without so high transaction fee ?
-CoupeFanatic-
post Mar 14 2017, 05:05 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(piscess16 @ Mar 14 2017, 04:39 PM)
want to ask, where are u all going to exchange the bitcoin to ringgit ?

today i have try using remitano, sell 0.056btc around RM 300, for the platform selling price is ok, because i checking from google the price is RM308.

but when i want to selling the btc, i need deposit to remitano 1st, i transfer 0.056 around USD 69 but the transaction fee is need USD 4

actual the fee is quite high, how to all transfer to rm without so high transaction fee ?
*
Personally I use Luno Exchange (formerly BitX) to buy and sell my BTC.

But if you're looking to do a one off sell, just sell it on localbitcoins.com
TSwengherng
post Mar 14 2017, 05:48 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(-CoupeFanatic- @ Mar 14 2017, 03:04 PM)
You guys can check out this site.

http://alunacrypto.blogspot.my/

beginner's guide on crypto trading. Don't know who this guy is, but thanks to him we've got an elaborate explaination to cryptotrading.

kmarc wengherng WooTz if you guys are active trading daily, wanna start a telegram group or something?
*
Personally, I am more of a hodler, so I don't really do active daily trading.
There's another forummer here who mentioned that there is already a telegram group, you might want to check out the final page of version 1 of the thread.


QUOTE(piscess16 @ Mar 14 2017, 04:39 PM)
want to ask, where are u all going to exchange the bitcoin to ringgit ?

today i have try using remitano, sell 0.056btc around RM 300, for the platform selling price is ok, because i checking from google the price is RM308.

but when i want to selling the btc, i need deposit to remitano 1st, i transfer 0.056 around USD 69 but the transaction fee is need USD 4

actual the fee is quite high, how to all transfer to rm without so high transaction fee ?
*
I've never used Remitano, but USD4 transaction fee sounds quite high.
I remember I transferred to XBit Asia with 0.0004BTC transaction fee, which at today's rate, is less than USD 0.50.


kmarc
post Mar 14 2017, 07:06 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 14 2017, 01:50 AM)
Personally, I think this week is going to be another volatile week with a lot of new All Time Highs achieved.
In a couple of days, Donald Trump and the congress will have to deal with the American debt ceiling issue which Obama deferred from Oct 2015 to March 2017.
If they do not suspend or raise the debt ceiling in time, and the US Treasury exhausts its extraordinary measures, the federal government would no longer be able to borrow more money to service its financial obligations, including government bonds and securities. If that happens, then basically that would mean that for the first time in history, the US government has defaulted on its payments, and that would surely mean that all the rating agencies around the world would immediately downgrade the credit rating of the US, and I am pretty sure that in the ensuing chaos the US stock market will crash, the GDP will contract and the US economy will go into a recession, bringing several other economies with it.
Or......Trump could just suddenly decide to abolish the entire debt ceiling legislation altogether, which has been around for the past 100 years. He's crazy enough to pull something like that.
I might be mistaken, but I think 15th March was the deadline......or was it 30th?
Either way, there's going to be a lot of uncertainty in the coming days/weeks, and every time that happens, you can bet there's going to be massive capital inflow into cryptocurrencies, as the masses try to store their wealth away from fiat.
Exciting times.
*
Every time I see the US debt ceiling news, I think it is a joke that will never end. Either the US gov does not have a solution to it or they don't dare take the necessary important steps to address the issue. I won't be surprise if they increase the debt ceiling right at the end, which is what they usually do.

However, Donald Trump is a business man and I'm thinking the opposite, that he will do something drastic to address the situation. Either that or he will just follow past actions like usual.

Anyway, just lent out my Dash for 0.1998%. Also lent out my ETH but I accidentally type an extra zero - 0.00003%. doh.gif Oh well, luckily it is two days only. dry.gif

QUOTE(-CoupeFanatic- @ Mar 14 2017, 03:04 PM)
You guys can check out this site.

http://alunacrypto.blogspot.my/

beginner's guide on crypto trading. Don't know who this guy is, but thanks to him we've got an elaborate explaination to cryptotrading.

kmarc wengherng WooTz if you guys are active trading daily, wanna start a telegram group or something?
*
Hey thx for the invite. However, as with wengherng, I don't do trading because I'm not good at it. My plan is just to buy and hold as many types of coins as possible that has the potential to shoot up. I'm not looking for a 10-20% gain. I want 10000% at least!!! sweat.gif In this crazy world of cryptocurrencies, the probability is much better compared to other available investment instruments.

Anyway, I'm out of ideas on what other coins to buy now. I have google for "Best altcoins 2017", "Best recommended altcoins", "Potential altcoins 2017" and whatever I can think of. That's why I now have........ six...teen... types... of... cryptocurrencies..... sweat.gif sweat.gif sweat.gif

This post has been edited by kmarc: Mar 14 2017, 07:19 PM
TSwengherng
post Mar 14 2017, 11:29 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 14 2017, 07:06 PM)
Every time I see the US debt ceiling news, I think it is a joke that will never end. Either the US gov does not have a solution to it or they don't dare take the necessary important steps to address the issue. I won't be surprise if they increase the debt ceiling right at the end, which is what they usually do.

However, Donald Trump is a business man and I'm thinking the opposite, that he will do something drastic to address the situation. Either that or he will just follow past actions like usual.

Anyway, just lent out my Dash for 0.1998%. Also lent out my ETH but I accidentally type an extra zero - 0.00003%.  doh.gif Oh well, luckily it is two days only.  dry.gif
Hey thx for the invite. However, as with wengherng, I don't do trading because I'm not good at it. My plan is just to buy and hold as many types of coins as possible that has the potential to shoot up. I'm not looking for a 10-20% gain. I want 10000% at least!!!  sweat.gif In this crazy world of cryptocurrencies, the probability is much better compared to other available investment instruments.

Anyway, I'm out of ideas on what other coins to buy now. I have google for "Best altcoins 2017", "Best recommended altcoins", "Potential altcoins 2017" and whatever I can think of. That's why I now have........ six...teen... types... of... cryptocurrencies.....  sweat.gif  sweat.gif  sweat.gif
*
Who knows what the joker will do.
Technically speaking though, they really have no need for the debt ceiling legislation anymore, so he might as well just abolish it. But that will cause another uproar among the people, who already believe that the US government has totally lost control over the federal budget since years back, especially with the defense funding.

Sixteen types of holdings......that's a lot.
TSwengherng
post Mar 14 2017, 11:37 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
One of the scariest things you can see......is that you have just lost 99.9% of your investment.
Gave me quite a shock several minutes ago......
shakehead.gif




Attached thumbnail(s)
Attached Image
kmarc
post Mar 14 2017, 11:45 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 14 2017, 11:29 PM)
Who knows what the joker will do.
Technically speaking though, they really have no need for the debt ceiling legislation anymore, so he might as well just abolish it. But that will cause another uproar among the people, who already believe that the US government has totally lost control over the federal budget since years back, especially with the defense funding.

Sixteen types of holdings......that's a lot.
*
For minor altcoins, not much of each actually. The one I'm most happy to see is my 525,098 coins of....... Dogecoin! rclxms.gif Cost me 0.099 BTC..... bruce.gif

QUOTE(wengherng @ Mar 14 2017, 11:37 PM)
One of the scariest things you can see......is that you have just lost 99.9% of your investment.
Gave me quite a shock several minutes ago......
shakehead.gif
*
Lol! How come can show like tat.... sweat.gif
archangel22
post Mar 15 2017, 12:09 AM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(wengherng @ Mar 14 2017, 11:37 PM)
One of the scariest things you can see......is that you have just lost 99.9% of your investment.
Gave me quite a shock several minutes ago......
shakehead.gif
*
So, we've "minted" mBtc? smile.gif I do hope so.
TSwengherng
post Mar 15 2017, 12:38 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 14 2017, 11:45 PM)
Lol! How come can show like tat....  sweat.gif
*
I think it was a glitch in the system to show mBTC instead of BTC.
sweat.gif
kmarc
post Mar 15 2017, 05:56 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 15 2017, 12:38 AM)
I think it was a glitch in the system to show mBTC instead of BTC.
sweat.gif
*
Haha. Euphoria and heart attacks should be common for
Cryptocurrencies. Hopefully more of the former.

On further news, my Dash is officially more than 100% gain. Not happy because I don't have 500,000 Dashes. sad.gif

Look up "The dollar vigilante". Jeff Berwick is an anarcocapitalist (I think) who recommended bitcoin when it was 3 dollars and recently Dash at 17 dollars. I never did paid subscription because his recommendations are mainly US-based investments which I have no access too. However, with cryptocurrencies, I don't have such limitations. Wished I had subscribed earlier to get early predictions news on dash. I'm going to subscribe for 3 months and see how beneficial it is. Of course, bear in mind it is only my 0.00002 BTC opinion. wink.gif

Edit : Already joined TDV for 3 months, nothing relevant for me at the moment as it is US-based recommendations. Will have to wait and see whether any cryptocurrency recommendations.

This post has been edited by kmarc: Mar 15 2017, 08:59 AM
WooTz
post Mar 15 2017, 07:10 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 15 2017, 05:56 AM)
Haha. Euphoria and heart attacks should be common for
Cryptocurrencies. Hopefully more of the former.

On further news, my Dash is officially more than 100% gain. Not happy because I don't have 500,000 Dashes. sad.gif

Look up "The dollar vigilante". Jeff Berwick is an anarcocapitalist (I think) who recommended bitcoin when it was 3 dollars and recently Dash at 17 dollars. I never did paid subscription because his recommendations are mainly US-based investments which I have no access too. However, with cryptocurrencies, I don't have such limitations. Wished I had subscribed earlier to get early predictions news on dash.  I'm going to subscribe for 3 months and see how beneficial it is. Of course, bear in mind it is only my 0.00002 BTC opinion. wink.gif
*
Dash is screaming red flag, its fundamentals simply doesn't warrant such a sharp gain. I hope you're prepared for an eventual mega dump.

Also Jeff Berwick is a snake oil salesman, I subbed it myself and thankfully stopped within 3 months, however due to their junk system I still receive their newsletter for free till this day, if you want I can happily share it to you.

Free TDV newsletter

The buggers only covered the DAO implosion and stopped ever since, no mention of EEA, upcoming protocol improvements and the recent rise, only Amanda B. Johnson with her bags of DASH.

This post has been edited by WooTz: Mar 15 2017, 07:15 AM
kmarc
post Mar 15 2017, 07:58 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 07:10 AM)
Dash is screaming red flag, its fundamentals simply doesn't warrant such a sharp gain. I hope you're prepared for an eventual mega dump.

Also Jeff Berwick is a snake oil salesman, I subbed it myself and thankfully stopped within 3 months, however due to their junk system I still receive their newsletter for free till this day, if you want I can happily share it to you.

Free TDV newsletter

The buggers only covered the DAO implosion and stopped ever since, no mention of EEA, upcoming protocol improvements and the recent rise, only Amanda B. Johnson with her bags of DASH.
*
Thx for the warning. Yeah, I noticed the "salesman" part but he was always recommending on bitcoins and when I found out about him, BTC was USD 300+ and he was still recommending it. I also received his free newsletters. Will try it out and see how it goes. I'm only in because of cryptocurrencies which so far as only been bitcoin and Dash. The rest of the recommendations are useless to me.

Ya, Dash is getting crazy. Many in Poloniex trollbox keeps on saying Dash has no fundamentals and will crash anytime. However, it just keeps on going up and up. As I have suspected, in cryptos, fundamentals and reasons goes out the back door.....

Any news on the ENS? Cannot get anything from google.

Edit : Oh ok, looks like some bugs so I guess the roll-out is postponed : https://www.reddit.com/r/ethereum/comments/...an_win_with_an/

This post has been edited by kmarc: Mar 15 2017, 08:11 AM
WooTz
post Mar 15 2017, 08:22 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 15 2017, 07:58 AM)
Thx for the warning. Yeah, I noticed the "salesman" part but he was always recommending on bitcoins and when I found out about him, BTC was USD 300+ and he was still recommending it. I also received his free newsletters. Will try it out and see how it goes. I'm only in because of cryptocurrencies which so far as only been bitcoin and Dash. The rest of the recommendations are useless to me.

Ya, Dash is getting crazy. Many in Poloniex trollbox keeps on saying Dash has no fundamentals and will crash anytime. However, it just keeps on going up and up. As I have suspected, in cryptos, fundamentals and reasons goes out the back door.....

Any news on the ENS? Cannot get anything from google.

Edit : Oh ok, looks like some bugs so I guess the roll-out is postponed : https://www.reddit.com/r/ethereum/comments/...an_win_with_an/
*
No the link isn't the usual free stuff he share, it's the US$50 quarterly subs. I've received the "subscription has expired" email twice now, yet the free stuffs continue to come.

When ETH begin mooning I'm sure he'll mention that he already recommend buying at very low price ages ago.

ENS had two bugs after deployment, really hope EEA can lend their hand with such tests. We can't afford such error with Casper when it goes live.

This post has been edited by WooTz: Mar 15 2017, 08:25 AM
Ramjade
post Mar 15 2017, 08:37 AM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011
If you guys don't want all the free stuff, scroll down to the bottom, there's a small "unsubscribe". Click that.

To prevent these kind of spam, you can a temporary email/fake email.

This post has been edited by Ramjade: Mar 15 2017, 08:37 AM
kmarc
post Mar 15 2017, 08:51 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 08:22 AM)
No the link isn't the usual free stuff he share, it's the US$50 quarterly subs. I've received the "subscription has expired" email twice now, yet the free stuffs continue to come.

When ETH begin mooning I'm sure he'll mention that he already recommend buying at very low price ages ago.

ENS had two bugs after deployment, really hope EEA can lend their hand with such tests. We can't afford such error with Casper when it goes live.
*
Oh, I see. Already subscribed for 3 months. sweat.gif Nothing relevant for me at the moment. As suspected, it is mainly US-based stocks. Going to join the FB group. Oh well, will see whether the USD 50 spent will be worthwhile or not.

I see. So they still have to sort out more bugs. Hope it kicks off soon. I'm just wondering whether I want to bid for some names? innocent.gif

On other news, Trezor has started processing all the backorders for Trezor hard wallet. Received an apology email together with a small free gift (to come with the wallet) and a $30 discount voucher once their Trezor shop is opened. rclxm9.gif rclxm9.gif rclxm9.gif

This post has been edited by kmarc: Mar 15 2017, 08:54 AM
WooTz
post Mar 15 2017, 09:44 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 15 2017, 08:51 AM)
Oh, I see. Already subscribed for 3 months.  sweat.gif Nothing relevant for me at the moment. As suspected, it is mainly US-based stocks. Going to join the FB group. Oh well, will see whether the USD 50 spent will be worthwhile or not.

I see. So they still have to sort out more bugs. Hope it kicks off soon. I'm just wondering whether I want to bid for some names?  innocent.gif

On other news, Trezor has started processing all the backorders for Trezor hard wallet. Received an apology email together with a small free gift (to come with the wallet) and a $30 discount voucher once their Trezor shop is opened.  rclxm9.gif  rclxm9.gif  rclxm9.gif
*
Their private FB group is an echo chamber. Especially Bill Kline, nonstop "buy DASH DASH DASH masternodes" when I was there.

Try /r/ethtrader instead, we are a friendly bunch and discuss everything crypto, been seeing a surge of bitcoiners asking elementary questions these past week.

Very encouraging sight.

Bull flag forming on the ETH/BTC ratio, interesting times ahead
kmarc
post Mar 15 2017, 10:03 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 09:44 AM)
Their private FB group is an echo chamber. Especially Bill Kline, nonstop "buy DASH DASH DASH masternodes" when I was there.

Try /r/ethtrader instead, we are a friendly bunch and discuss everything crypto, been seeing a surge of bitcoiners asking elementary questions these past week.

Very encouraging sight.

Bull flag forming on the ETH/BTC ratio, interesting times ahead
*
Oh, so bad? I didn't think it was so bad but sort of expected it as cryptocurrencies are not their main recommendation.

Cool. Already bookmarked. Man, my bookmarks are overflowing with cryptocurrency links! I'm hesitant to get more ETH after the price hike but will probably do so these few days.....

This post has been edited by kmarc: Mar 15 2017, 10:03 AM
WooTz
post Mar 15 2017, 10:16 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 15 2017, 10:03 AM)
Oh, so bad? I didn't think it was so bad but sort of expected it as cryptocurrencies are not their main recommendation.

Cool. Already bookmarked. Man, my bookmarks are overflowing with cryptocurrency links! I'm hesitant to get more ETH after the price hike but will probably do so these few days.....
*
You got a few hours at most, check this out.

[attachmentid=8594165]
sirxl
post Mar 15 2017, 11:10 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
DASH at ATH again. Let's pop some champagne.
TSwengherng
post Mar 15 2017, 11:21 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 15 2017, 07:10 AM)
Dash is screaming red flag, its fundamentals simply doesn't warrant such a sharp gain. I hope you're prepared for an eventual mega dump.

Also Jeff Berwick is a snake oil salesman, I subbed it myself and thankfully stopped within 3 months, however due to their junk system I still receive their newsletter for free till this day, if you want I can happily share it to you.

Free TDV newsletter

The buggers only covered the DAO implosion and stopped ever since, no mention of EEA, upcoming protocol improvements and the recent rise, only Amanda B. Johnson with her bags of DASH.
*
I agree, DASH has nothing to sustain the current gains except hype, euphoria and FOMO.
At the end of the day, it's all about the greed.
That said, however, I do have a little bit of DASH on my portfolio, which I use for "crypto-gambling" (no fundamentals involved, just buy at the start of a crowd-frenzy and sell at a high).
I think there will be a sharp correction for DASH very soon, but I do believe that the price will break the psychological USD 100 barrier before that happens.

These few weeks have been absolutely bananas.
It's incredible how even the most obscure altcoins are seeing unbelievable pump/dump frenzies that see more than 300% gains in 24 hours (e.g.Namecoin).
-CoupeFanatic-
post Mar 15 2017, 11:44 AM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(kmarc @ Mar 14 2017, 07:06 PM)

Hey thx for the invite. However, as with wengherng, I don't do trading because I'm not good at it. My plan is just to buy and hold as many types of coins as possible that has the potential to shoot up. I'm not looking for a 10-20% gain. I want 10000% at least!!!  sweat.gif In this crazy world of cryptocurrencies, the probability is much better compared to other available investment instruments.

Anyway, I'm out of ideas on what other coins to buy now. I have google for "Best altcoins 2017", "Best recommended altcoins", "Potential altcoins 2017" and whatever I can think of. That's why I now have........ six...teen... types... of... cryptocurrencies.....  sweat.gif  sweat.gif  sweat.gif
*
Diversification is good, however in cryptoland these fundamentals may or may not apply. Cryptoland is crazy
piscess16
post Mar 15 2017, 12:10 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(-CoupeFanatic- @ Mar 14 2017, 05:05 PM)
Personally I use Luno Exchange (formerly BitX) to buy and sell my BTC.

But if you're looking to do a one off sell, just sell it on localbitcoins.com
*
you are miner your bitcoin into luno wallet, after using luno wallet exchange to RM ?
piscess16
post Mar 15 2017, 12:23 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(wengherng @ Mar 14 2017, 05:48 PM)
I've never used Remitano, but USD4 transaction fee sounds quite high.
I remember I transferred to XBit Asia with 0.0004BTC transaction fee, which at today's rate, is less than USD 0.50.
i have signup Xbit Asia, but also need deposit bitcoin into XBit Asia Right ?

i using Blockchain wallet transfer bitcoin to XBit also need the transaction fee USD 4 for USD 70 bitcoin.

so izzit i need setting lower transaction fee, but the time make it longer a bit only?
-CoupeFanatic-
post Mar 15 2017, 12:23 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(piscess16 @ Mar 15 2017, 12:10 PM)
you are miner your bitcoin into luno wallet, after using luno wallet exchange to RM ?
*
I'm not a miner, just a trader.

If you want to sell your bitcoins in Luno exchange there will be fees imposed.
Taker: 1%
Maker: 0%

Taker means that your accept the offer of either the buying or selling side. While Maker means that you're making an offer to either buy or sell, waiting for people to accpet/take your order.
piscess16
post Mar 15 2017, 12:28 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
piscess16
post Mar 15 2017, 12:28 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
-CoupeFanatic-
post Mar 15 2017, 12:33 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(piscess16 @ Mar 15 2017, 12:28 PM)
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
*
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
piscess16
post Mar 15 2017, 12:34 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:23 PM)
I'm not a miner, just a trader.

If you want to sell your bitcoins in Luno exchange there will be fees imposed.
Taker: 1%
Maker: 0%

Taker means that your accept the offer of either the buying or selling side. While Maker means that you're making an offer to either buy or sell, waiting for people to accpet/take your order.
*
oh...

then compare with Remitano, remitano is without fee, is i just need send the bitcoin to Luno wallet, i need to pay bitcoin miner transaction fee.
-CoupeFanatic-
post Mar 15 2017, 12:39 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(piscess16 @ Mar 15 2017, 12:34 PM)
oh...

then compare with Remitano, remitano is without fee, is i just need send the bitcoin to Luno wallet, i need to pay bitcoin miner transaction fee.
*
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
sirxl
post Mar 15 2017, 01:33 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(-CoupeFanatic- @ Mar 15 2017, 11:44 AM)
Diversification is good, however in cryptoland these fundamentals may or may not apply. Cryptoland is crazy
*
not such thing as fundamentals in crypto investment space,
it's all about technical charts, pump and dumps and how much inside tips you have.
sirxl
post Mar 15 2017, 01:34 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:39 PM)
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
*
they charge 1% fee if you are buying BTC, and 0 if you are a seller.
WooTz
post Mar 15 2017, 01:34 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 15 2017, 11:21 AM)
I agree, DASH has nothing to sustain the current gains except hype, euphoria and FOMO.
At the end of the day, it's all about the greed.
That said, however, I do have a little bit of DASH on my portfolio, which I use for "crypto-gambling" (no fundamentals involved, just buy at the start of a crowd-frenzy and sell at a high).
I think there will be a sharp correction for DASH very soon, but I do believe that the price will break the psychological USD 100 barrier before that happens.

These few weeks have been absolutely bananas.
It's incredible how even the most obscure altcoins are seeing unbelievable pump/dump frenzies that see more than 300% gains in 24 hours (e.g.Namecoin).
*
The history of DASH

Genting highlands seemed like a walk in the park compared to current DASH holders. Each passing day without a crash is only going to snowball into a bigger one.
sirxl
post Mar 15 2017, 01:35 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:33 PM)
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
*
BTC 2 invite here:
https://t.me/joinchat/AAAAAD8HdXHMCpurSNxoqA

BTC 1 is reserved for serious traders and movers/shakers.
sirxl
post Mar 15 2017, 01:44 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(piscess16 @ Mar 15 2017, 12:28 PM)
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
*
At current bitcoin difficulty rate, if you want a gross revenue of 4.5 BTC per month,
you'll need 21 units of AntMiner S9 (cost 44100 US Dollar or 196289 Malaysian Ringgit).

Take note other costs ie labour, electricity, internet are not included.

If I were you, I'd rather buy some POS coins and stake them on VPS.

This post has been edited by sirxl: Mar 15 2017, 01:45 PM
sirxl
post Mar 15 2017, 01:46 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
deleted

This post has been edited by sirxl: Mar 15 2017, 05:30 PM
kmarc
post Mar 15 2017, 02:17 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 10:16 AM)
You got a few hours at most, check this out.

[attachmentid=8594165]
*
Wow! Super Mario. Ok ok, bought some straight away! thumbup.gif Oh, bought straight away and lend out straight away! laugh.gif

QUOTE(wengherng @ Mar 15 2017, 11:21 AM)
I agree, DASH has nothing to sustain the current gains except hype, euphoria and FOMO.
At the end of the day, it's all about the greed.
That said, however, I do have a little bit of DASH on my portfolio, which I use for "crypto-gambling" (no fundamentals involved, just buy at the start of a crowd-frenzy and sell at a high).
I think there will be a sharp correction for DASH very soon, but I do believe that the price will break the psychological USD 100 barrier before that happens.

These few weeks have been absolutely bananas.
It's incredible how even the most obscure altcoins are seeing unbelievable pump/dump frenzies that see more than 300% gains in 24 hours (e.g.Namecoin).
*
All the negative things on Dash makes me want to sell my Dash holdings. However, then comes the "what if Dash goes much higher like bitcoin?" question. Anyway, Poloniex has a complete history I can download. From my calculation, I have made 0.13 Dash which is around USD 11.31 at current price (USD 87). Not too bad, as long as Dash is not trash and doesn't crash!

Calculated ETH, earn 28 cents so far..... sweat.gif

QUOTE(-CoupeFanatic- @ Mar 15 2017, 11:44 AM)
Diversification is good, however in cryptoland these fundamentals may or may not apply. Cryptoland is crazy
*
Ya ya, I literally have to be crazy to enter crazy cryptoland. rclxub.gif

This post has been edited by kmarc: Mar 15 2017, 02:41 PM
TSwengherng
post Mar 15 2017, 02:23 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(piscess16 @ Mar 15 2017, 12:28 PM)
want to ask, if i want to invest miner to dig 4.5BTC permonth.

so want to choose which wallet is better? and easily to exchange BTC to RM without higher transaction fee.

*now i am using Blockchain, but when want to exchagne back to RM, i need deposit to Remitano, but the transaction fee is quite high.
*
4.5 BTC per month is a huge target to set for......you'd need some really serious hardware costing hundreds of thousands of ringgit.
Or do you mean you want to sell 4.5 BTC per month?
To send bitcoins from one wallet to another, it doesn't matter which exchange you use, you will still have to pay the transaction fee, which is about 0.0004 BTC last I checked.
That's why I wouldn't even bother sending bitcoins in very small quantities.


QUOTE(sirxl @ Mar 15 2017, 01:33 PM)
not such thing as fundamentals in crypto investment space,
it's all about technical charts, pump and dumps and how much inside tips you have.
*
Let's just agree to disagree here.
I believe that any kind of investment has its fundamentals. It has to be grounded on something, some need, some real world application.
Otherwise it's gambling.
And cryptocurrency investment is not gambling.

piscess16
post Mar 15 2017, 03:18 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:33 PM)
If you're a miner yourself, I'm assuming that you'll be running your own node right. Which usually means that you use Bitcoin Core wallet within your PC and not other third party wallets like blockchain.info

If you are looking to exchange amounts of BTC to MYR on a regular basis, I'd highly recommend you to join BTC Malaysia Group 1 on telegram by sirxl look at his signature
*
undestanding, i also is look Bitcoin usb core wallet, for save the bigger amount bitcoin

the group i have join already, inside have 9xx member right ?
piscess16
post Mar 15 2017, 03:20 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(-CoupeFanatic- @ Mar 15 2017, 12:39 PM)
I don't think Remitano is without fee either. All exchanges charge some sort of fee no matter what.
If you're talking about transactions broadcasted on the blockchain then yes, it requires a transaction fee paid to the miner which is about 0.00045200 BTC ($0.56USD) on average according to https://bitcoinfees.21.com
*
the correct website is https://bitcoinfees.21.co , check by google rclxms.gif

i think i can testing for transaction fee USD0.5 send USD 70, try need taking how long time.
piscess16
post Mar 15 2017, 03:22 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(sirxl @ Mar 15 2017, 01:44 PM)
At current bitcoin difficulty rate, if you want a gross revenue of  4.5 BTC per month,
you'll need 21 units of AntMiner S9 (cost 44100 US Dollar or 196289 Malaysian Ringgit).

Take note other costs ie labour, electricity, internet are not included.

If I were you, I'd rather buy some POS coins and stake them on VPS.
*
yes, is around 20unit S9, but we is a team to invest~

what is the mean POS coin ? n VPS ?
piscess16
post Mar 15 2017, 03:26 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(wengherng @ Mar 15 2017, 02:23 PM)
4.5 BTC per month is a huge target to set for......you'd need some really serious hardware costing hundreds of thousands of ringgit.
Or do you mean you want to sell 4.5 BTC per month?
To send bitcoins from one wallet to another, it doesn't matter which exchange you use, you will still have to pay the transaction fee, which is about 0.0004 BTC last I checked.
That's why I wouldn't even bother sending bitcoins in very small quantities.
yes around 200k.

now is just using small amount to exchange to RM.

but ytd i exchange in remitano, i need deposit into remitano wallet.

USD 70, need the cost USD4, but send the money is very fast.

maybe is set USD0.5 is need taking longer time.
WooTz
post Mar 15 2017, 03:28 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(sirxl @ Mar 15 2017, 01:33 PM)
not such thing as fundamentals in crypto investment space,
it's all about technical charts, pump and dumps and how much inside tips you have.
*
So you're saying Fortune 500 companies and governments are now embracing EEA for technical charts and currency speculators. Nothing to do with the army of developers, community and the digital lego blocks Ethereum possesses.

Then why didn't the Bitcoin ETF got through?
WooTz
post Mar 15 2017, 03:47 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 03:22 PM)
yes, is around 20unit S9, but we is a team to invest~

what is the mean POS coin ? n VPS ?
*
You guys are pretty ballsy going against other countries with subsidized electricity and ASICs.

POS stands for Proof of Stake, you acquire crypto token of a blockchain and deposit them to validate blocks. You earn if you act normally, or your deposit gets slashed.

VPS is virtual private server, since network uptime is crucial. Staking on multiple pools with multisig is recommended.

Why not stack GPU and mine other crypto like ETH, you can resell the cards for gamers once you're done with it.
piscess16
post Mar 15 2017, 03:52 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 15 2017, 03:47 PM)
You guys are pretty ballsy going against other countries with subsidized electricity and ASICs.

POS stands for Proof of Stake, you acquire crypto token of a blockchain and deposit them to validate blocks. You earn if you act normally, or your deposit gets slashed.

VPS is virtual private server, since network uptime is crucial. Staking on multiple pools with multisig is recommended.

Why not stack GPU and mine other crypto like ETH, you can resell the cards for gamers once you're done with it.
*
oh..

ETH is Ethereum ？ but like litecoin zcash, also can be miner, but after miner the coin, now still cant exchange to RM right ?
WooTz
post Mar 15 2017, 03:58 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 03:52 PM)
oh..

ETH is Ethereum ？ but like litecoin zcash, also can be miner, but after miner the coin, now still cant exchange to RM right ?
*
Yes, that's right.

You can trade the minted coins into BTC via poloniex and sell to local exchanges.

https://whattomine.com
piscess16
post Mar 15 2017, 04:46 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 15 2017, 03:58 PM)
Yes, that's right.

You can trade the minted coins into BTC via poloniex and sell to local exchanges.

https://whattomine.com
*
so you mean is i invest other miner coin, after get the coin going to poloniex exchange to BTC?

on the market have so many coin, which coin is best for invest the machines?
sirxl
post Mar 15 2017, 04:48 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 15 2017, 02:23 PM)
Let's just agree to disagree here.
sure, why not. haha.
kmarc
post Mar 15 2017, 04:51 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 03:47 PM)
You guys are pretty ballsy going against other countries with subsidized electricity and ASICs.

POS stands for Proof of Stake, you acquire crypto token of a blockchain and deposit them to validate blocks. You earn if you act normally, or your deposit gets slashed.

VPS is virtual private server, since network uptime is crucial. Staking on multiple pools with multisig is recommended.

Why not stack GPU and mine other crypto like ETH, you can resell the cards for gamers once you're done with it.
*
Lol. Remind me not to buy graphic cards from miners!!!! biggrin.gif
WooTz
post Mar 15 2017, 04:58 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 04:46 PM)
so you mean is i invest other miner coin, after get the coin going to poloniex exchange to BTC?

on the market have so many coin, which coin is best for invest the machines?
*
The site helps you to narrow down potential ones to mine.

Ether, Monero and Zcash seems to be the safe bet.
piscess16
post Mar 15 2017, 05:04 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 15 2017, 04:58 PM)
The site helps you to narrow down potential ones to mine.

Ether, Monero and Zcash seems to be the safe bet.
*
thx thumbup.gif

then you is a trader or miner ?
WooTz
post Mar 15 2017, 05:05 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 05:04 PM)
thx thumbup.gif

then you is a trader or miner ?
*
I'm an ETH stacker and future staker
TSwengherng
post Mar 15 2017, 05:18 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(sirxl @ Mar 15 2017, 01:46 PM)
how do I delete posts in here?
*
Just go to the post you want to delete, click "edit" and delete all the text.
Put "deleted" as the new text, and click save.


QUOTE(kmarc @ Mar 15 2017, 02:17 PM)
Wow! Super Mario. Ok ok, bought some straight away!  thumbup.gif Oh, bought straight away and lend out straight away!  laugh.gif
All the negative things on Dash makes me want to sell my Dash holdings. However, then comes the "what if Dash goes much higher like bitcoin?" question. Anyway, Poloniex has a complete history I can download. From my calculation, I have made 0.13 Dash which is around USD 11.31 at current price (USD 87). Not too bad, as long as Dash is not trash and doesn't crash!
Ya ya, I literally have to be crazy to enter crazy cryptoland.  rclxub.gif
*
There are always positives and negatives, so as long as you are fully aware of your choices and are convinced that you have made an informed decision, then just go ahead with it.
I think it highly unlikely (I'd say nearly impossible, but I usually try to never say never) that DASH will ever go higher than bitcoin, even in the extremely unlikely event that bitcoin crashes, I bet DASH will crash with it, and go much lower even.
It is clear that a 400% gain within one month is not sustainable, and there seems to be nothing that can support this price level once the euphoria dies down, so I agree with WooTz that there will be a correction soon, but then again, I don't think it will suddenly crash down to USD 20 or such levels...... more likely it will crash about 30-50% off its peak at the time, after which, the drop will probably taper off slightly......but that is just my crystal ball pluck-from-the-sky prediction.
piscess16
post Mar 15 2017, 05:22 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 15 2017, 05:05 PM)
I'm an ETH stacker and future staker
*
stacker ? ? confused.gif
TSwengherng
post Mar 15 2017, 05:34 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(piscess16 @ Mar 15 2017, 03:26 PM)
yes around 200k.

now is just using small amount to exchange to RM.

but ytd i exchange in remitano, i need deposit into remitano wallet.

USD 70, need the cost USD4, but send the money is very fast.

maybe is set USD0.5 is need taking longer time.
*
From my personal experience, with 0.0003 to 0.0004 BTC transaction fees, my transaction confirmation times were somewhere between 15 minutes to 40 minutes.
But it also depends on the backlog of transactions on that day as well......on a good day, I had one transaction with 0.0002 BTC fee and still got confirmations within one hour.

QUOTE(piscess16 @ Mar 15 2017, 03:52 PM)
oh..

ETH is Ethereum ？ but like litecoin zcash, also can be miner, but after miner the coin, now still cant exchange to RM right ?
*
Exchange to BTC and sell on XBit Asia or Luno, then withdraw RM.

WooTz
post Mar 15 2017, 05:56 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 05:22 PM)
stacker ? ? :confused:
*
I gradually accumulate ETH in preparation for POS by end of this year.

A hybrid POW/POS implemention is expected after Metropoils fork during July-October period.
kmarc
post Mar 15 2017, 06:55 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 15 2017, 05:18 PM)
There are always positives and negatives, so as long as you are fully aware of your choices and are convinced that you have made an informed decision, then just go ahead with it.
I think it highly unlikely (I'd say nearly impossible, but I usually try to never say never) that DASH will ever go higher than bitcoin, even in the extremely unlikely event that bitcoin crashes, I bet DASH will crash with it, and go much lower even.
It is clear that a 400% gain within one month is not sustainable, and there seems to be nothing that can support this price level once the euphoria dies down, so I agree with WooTz that there will be a correction soon, but then again, I don't think it will suddenly crash down to USD 20 or such levels...... more likely it will crash about 30-50% off its peak at the time, after which, the drop will probably taper off slightly......but that is just my crystal ball pluck-from-the-sky prediction.
*
Yeah, there are some concerns on Dash, including this one: https://www.dash.org/forum/threads/how-mast...-a-bubble.9561/

Ok, let's just say that we agree to agree tongue.gif that Dash bubble will burst. The problem is when to get off??? At the moment, Dash is reaching ATH again - USD 92 on poloniex now. I know nobody can time the market but I have experienced far too many a time of being left behind because I unloaded too early..... sweat.gif

Any strategy? I'm thinking I will ride this bull to the end and cash out when it starts to crash. Of course, we working people might be at work when it does!!!

QUOTE(WooTz @ Mar 15 2017, 05:56 PM)
I gradually accumulate ETH in preparation for POS by end of this year.

A hybrid POW/POS implemention is expected after Metropoils fork during July-October period.
*
I guess ETH stacker means a major player in the ETH arena? I think you did mentioned that of all cryptos, ETH has the highest chance to be the next bitcoin right ? (loading more bullets to buy ETH......)

This post has been edited by kmarc: Mar 15 2017, 06:59 PM
WooTz
post Mar 15 2017, 09:05 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 15 2017, 06:55 PM)
Yeah, there are some concerns on Dash, including this one: https://www.dash.org/forum/threads/how-mast...-a-bubble.9561/

Ok, let's just say that we agree to agree  tongue.gif that Dash bubble will burst. The problem is when to get off??? At the moment, Dash is reaching ATH again - USD 92 on poloniex now. I know nobody can time the market but I have experienced far too many a time of being left behind because I unloaded too early.....  sweat.gif

Any strategy? I'm thinking I will ride this bull to the end and cash out when it starts to crash. Of course, we working people might be at work when it does!!!
I guess ETH stacker means a major player in the ETH arena? I think you did mentioned that of all cryptos, ETH has the highest chance to be the next bitcoin right ? (loading more bullets to buy ETH......)
*
I'm on page 250 ish on Etherscan, there's at least 6000 holders ahead of me.

Then again, we have like 2000 billionaires and 15 million millionaires today brows.gif
piscess16
post Mar 15 2017, 09:07 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(wengherng @ Mar 15 2017, 05:34 PM)
From my personal experience, with 0.0003 to 0.0004 BTC transaction fees, my transaction confirmation times were somewhere between 15 minutes to 40 minutes.
But it also depends on the backlog of transactions on that day as well......on a good day, I had one transaction with 0.0002 BTC fee and still got confirmations within one hour.
Exchange to BTC and sell on XBit Asia or Luno, then withdraw RM.
*
thx for your information..

so the mean miner other coin will get more than bitcoin.

because the bitcoin difficult will increase faster than other coin right ?
piscess16
post Mar 15 2017, 09:08 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 15 2017, 05:56 PM)
I gradually accumulate ETH in preparation for POS by end of this year.

A hybrid POW/POS implemention is expected after Metropoils fork during July-October period.
*
ya, today i have doing research ETH, and also have tell POS, but i still dunno what the mean is POS.

and they say after POS, the ETH is cant miner jor right ?


and you know antpool ? why at antpool nobody miner ETH?

and ETH n ETH Classis izzit is same coin before ?
WooTz
post Mar 15 2017, 09:22 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 09:08 PM)
ya, today i have doing research ETH, and also have tell POS, but i still dunno what the mean is POS.

and they say after POS, the ETH is cant miner jor right ?
and you know antpool ? why at antpool nobody miner ETH?

and ETH n ETH Classis izzit is same coin before ?
*
After POS, yes current PoW miners will switch to other GPU algorithms.

Instead of using so much electricity and hardware, Ethereum will be secured by its very own coin, ETH.

It's not final yet, but here's the third draft for Casper:

We set:

BLOCK_TIME: 4 seconds (aiming on the less ambitious side to reduce overhead)
SKIP_TIME: 8 seconds (aiming on the less ambitious side to reduce overhead)
EPOCH_LENGTH: 10800 (ie. 12 hours under good circumstances)
ASYNC_DELAY: 10800 (ie. 12 hours under good circumstances)
CASPER_ADDRESS: 255
WITHDRAWAL_DELAY: 10000000, ie. 4 months
GENESIS_TIME: some future timestamp marking the start of the blockchain, say 1500000000
REWARD_COEFFICIENT: 3 / 1000000000
MIN_DEPOSIT_SIZE: 32 ether
MAX_DEPOSIT_SIZE: 131072 ether
V_LOSS_MAXGROWTH_FACTOR: 32
FINALITY_REWARD_COEFFICIENT: 0.6 / 1000000000
FINALITY_REWARD_DECAY_FACTOR: 1000 (ie. 1.1 hours under good circumstances)
MIN_BET_COEFF: 0.25
NUM_SHARDS: 80
VALIDATORS_PER_SHARD: 120

With Casper, we can finally do sharding, blockchain's Holy Grail, mass scalability will be possible.

Antpool mines with SHA256 algo, Ethereum utilizes GPUs with Ethash algo

Yes, ETH was just ETH, then DAO happened and we forked to restore the funds, ETC was the original chain, thus the name Classic. But the miners and markets have spoken, we'd stick with ETH for good.
kmarc
post Mar 15 2017, 09:48 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 09:05 PM)
I'm on page 250 ish on Etherscan, there's at least 6000 holders ahead of me.

Then again, we have like 2000 billionaires and 15 million millionaires today  brows.gif
*
Yeah I know I know. Cryptocurrencies are the ticket to richness, for some excluding me..... cry.gif

ETH is on the move again. Thx for your Super Mario. thumbup.gif So is Dash, almost breaking USD 100!

Need words of comfort. ETH at USD 30+ still cheap? dry.gif

This post has been edited by kmarc: Mar 15 2017, 09:51 PM
WooTz
post Mar 15 2017, 10:34 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 15 2017, 09:48 PM)
Yeah I know I know. Cryptocurrencies are the ticket to richness, for some excluding me..... cry.gif

ETH is on the move again. Thx for your Super Mario.  thumbup.gif So is Dash, almost breaking USD 100!

Need words of comfort. ETH at USD 30+ still cheap?  dry.gif
*
ENS pump wasn't happening cause of bug, Raiden and the gang is coming

Melonport gets listed on Kraken today, the ICO that raised US$3 million($7 million as of current ETH price) in 5 mins



$31 is still dirt cheap

This post has been edited by WooTz: Mar 15 2017, 10:37 PM
kmarc
post Mar 15 2017, 11:18 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 15 2017, 10:34 PM)
ENS pump wasn't happening cause of bug, Raiden and the gang is coming

Melonport gets listed on Kraken today, the ICO that raised US$3 million($7 million as of current ETH price) in 5 mins



$31 is still dirt cheap
*
Aahhhh...... can sleep better tonight! thumbsup.gif

Ok, I can't stand blinking numbers and up-down charts anymore. Going to sleep. If following recent trends, hope to see Dash and ETH higher tomorrow morning. thumbup.gif
piscess16
post Mar 15 2017, 11:30 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 15 2017, 10:34 PM)
ENS pump wasn't happening cause of bug, Raiden and the gang is coming

Melonport gets listed on Kraken today, the ICO that raised US$3 million($7 million as of current ETH price) in 5 mins



$31 is still dirt cheap
*
so the mean ETH will grow up very fast like bitcoin, future is 1 ETH = 1xxx USD?
TSwengherng
post Mar 16 2017, 01:03 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 15 2017, 06:55 PM)
Yeah, there are some concerns on Dash, including this one: https://www.dash.org/forum/threads/how-mast...-a-bubble.9561/

Ok, let's just say that we agree to agree  tongue.gif that Dash bubble will burst. The problem is when to get off??? At the moment, Dash is reaching ATH again - USD 92 on poloniex now. I know nobody can time the market but I have experienced far too many a time of being left behind because I unloaded too early.....  sweat.gif

Any strategy? I'm thinking I will ride this bull to the end and cash out when it starts to crash. Of course, we working people might be at work when it does!!!
I guess ETH stacker means a major player in the ETH arena? I think you did mentioned that of all cryptos, ETH has the highest chance to be the next bitcoin right ? (loading more bullets to buy ETH......)
*
If you're worried about the price crashing while you're at work, why don't you just set a stop-limit sell order?
Then, as the price keeps getting higher, just keep revising your stop-limit sell order price.


QUOTE(piscess16 @ Mar 15 2017, 09:07 PM)
thx for your information..

so the mean miner other coin will get more than bitcoin.

because the bitcoin difficult will increase faster than other coin right ?
*
Sorry, I'm not a miner so I can't give you any good advice on that.
You might want to try asking other sifu here.

WooTz
post Mar 16 2017, 07:24 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 15 2017, 11:30 PM)
so the mean ETH will grow up very fast like bitcoin, future is 1 ETH = 1xxx USD?
*
It is growing very fast. Polo ETH/USDT volume just overtook BTC.

I dunno about $1000 ETH, but $100 ETH is very much a reality in 2017 if such growth continues.

[attachmentid=8598822]

This post has been edited by WooTz: Mar 16 2017, 07:40 AM
kmarc
post Mar 16 2017, 08:08 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Good morning cryptocurrency enthusiast! biggrin.gif ETH ATH!!! rclxms.gif

QUOTE(wengherng @ Mar 16 2017, 01:03 AM)
If you're worried about the price crashing while you're at work, why don't you just set a stop-limit sell order?
Then, as the price keeps getting higher, just keep revising your stop-limit sell order price.
Sorry, I'm not a miner so I can't give you any good advice on that.
You might want to try asking other sifu here.
*
A few reasons. My dash in lending account and being loan out so I can't touch it. Furthermore, from my one month experience in cryptos, the spikes and drops can be dramatic before recovering. Due to lower volume (relative), major players can just come in, shake off all the stops, then push it higher. In poloniex, also noted traders complaining that their stop limits don't work sometimes. Lastly, I never use stop limits before so have to learn first biggrin.gif

QUOTE(WooTz @ Mar 16 2017, 07:24 AM)
It is growing very fast. Polo ETH/USDT volume just overtook BTC.

I dunno about $1000 ETH, but $100 ETH is very much a reality in 2017 if such growth continues.

[attachmentid=8598822]
*
Wow! Volume higher that BTC. rclxms.gif Of course, no fight in terms of total value but has this happened before? I noticed people also talking about the reduction in overall percentage of BTC, showing that money is flowing to other cryptos.

This post has been edited by kmarc: Mar 16 2017, 08:10 AM
WooTz
post Mar 16 2017, 08:53 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 16 2017, 08:08 AM)
Good morning cryptocurrency enthusiast! biggrin.gif ETH ATH!!! rclxms.gif
A few reasons. My dash in lending account and being loan out so I can't touch it. Furthermore, from my one month experience in cryptos, the spikes and drops can be dramatic before recovering. Due to lower volume (relative), major players can just come in, shake off all the stops, then push it higher. In poloniex, also noted traders complaining that their stop limits don't work sometimes. Lastly, I never use stop limits before so have to learn first biggrin.gif
Wow! Volume higher that BTC. rclxms.gif Of course, no fight in terms of total value but has this happened before? I noticed people also talking about the reduction in overall percentage of BTC, showing that money is flowing to other cryptos.
*
GDAX probably filled with fresh fiat deposits, now trader is arbing their way to price rationality

It's fluctuating by the dollar, $36,37,38,39 under 15 minutes. Oh my god this is happening for real.

Another interesting development is occurring in the US, sounds like they're legitimizing ICOs on Ethereum.

https://www.cooley.com/news/insight/2017/20...ockchain-shares

The bullish news keeps coming.

This post has been edited by WooTz: Mar 16 2017, 09:36 AM
kmarc
post Mar 16 2017, 09:39 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 16 2017, 08:53 AM)
GDAX probably filled with fresh fiat deposits, now trader is arbing their way to price rationality

It's fluctuating by the dollar, $36,37,38,39 under 15 minutes. Oh my god this is happening  for real.
*
Waaaww! Look at ETH! Ya, this is really happening and I'm also part of it. rclxms.gif As with any bulls, how I wished I had loaded up more on ETH when it was USD 17. So cheap!!!

Thx to your recommendation, did load up a bit. Next time I millionaire from cryptos I will also belanja u makan. smile.gif
WooTz
post Mar 16 2017, 09:57 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 16 2017, 09:39 AM)
Waaaww! Look at ETH! Ya, this is really happening and I'm also part of it. rclxms.gif As with any bulls, how I wished I had loaded up more on ETH when it was USD 17. So cheap!!!

Thx to your recommendation, did load up a bit. Next time I millionaire from cryptos I will also belanja u makan. smile.gif
*
Another bull flag forming, I need to take a break from all this.

For context, last Sunday I was shocked we hit $23 with the banks closed. And here we are.
kmarc
post Mar 16 2017, 10:30 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 16 2017, 09:57 AM)
Another bull flag forming, I need to take a break from all this.

For context, last Sunday I was shocked we hit $23 with the banks closed. And here we are.
*
Dizzy from all the profits?tongue.gif

Yeah, another beauty of cryptos where you don't have to wait until Monday or the next working day after public holiday.

Looks like I have to change my strategy a bit. I enter cryptos for Bitcoins and its prospect due to ETF. However, ETF rejection based on the very nature of bitcoin makes it more difficult for any future ETFs to be approved. I was targeting March 30 ETF but it looks like it will Also be rejected. I think many people realize this. Of course, as
Wengherng said, other ETFs are also in the process in other countries. Furthermore, I was hoping for a dramatic drop in BTC prices which never happened. Well, a flash drop did happen but not what I wanted. It looks like BTC will probably trade around current prices unless there is another catalyst to push it up. With the problems of BTC coming up I.e core, classic, unlimited, the near-term prospects is not encouraging.

With this in mind, I'm will be channeling more towards other altcoins. Probably nibble at ETH if it still bullrun. Now which coin will come after ETH, that's the million dollar question. Literally!!!!

This post has been edited by kmarc: Mar 16 2017, 10:32 AM
archangel22
post Mar 16 2017, 10:58 AM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(archangel22 @ Mar 12 2017, 02:24 AM)
Maybe. Who knows. Until smart-contract for Bitcoin RSK come in play http://www.rsk.co then I'll decide to buy ETH or not. biggrin.gif
*
I may have been wrong. Its probably not RSK.
Segwit IS the smart-contract for Bitcoin. smile.gif
I guess i'm not buying Eth/alts yet.
piscess16
post Mar 16 2017, 11:01 AM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 07:24 AM)
It is growing very fast. Polo ETH/USDT volume just overtook BTC.

I dunno about $1000 ETH, but $100 ETH is very much a reality in 2017 if such growth continues.

[attachmentid=8598822]
*
ytd i have study ETH from this year JAN until Today already grow 300% right?

then u have keep ETH coin ?
WooTz
post Mar 16 2017, 11:07 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 11:01 AM)
ytd i have study ETH from this year JAN until Today already grow 300% right?

then u have keep ETH coin ?
*
I'm up 800% from my first ETH back in feb last year.

Yes, it's kept safe and sound. Not selling until Casper is live.
TSwengherng
post Mar 16 2017, 11:20 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 16 2017, 08:08 AM)
A few reasons. My dash in lending account and being loan out so I can't touch it. Furthermore, from my one month experience in cryptos, the spikes and drops can be dramatic before recovering. Due to lower volume (relative), major players can just come in, shake off all the stops, then push it higher. In poloniex, also noted traders complaining that their stop limits don't work sometimes. Lastly, I never use stop limits before so have to learn first biggrin.gif
*
Alright, I've concluded that DASH is getting a bit too high for my poor heart to take, and have decided to cash out my profits. rclxms.gif
To be honest, I have a feeling that it's still got a bit of steam left in it to push it higher still, but I'm starting to get uncomfortable now. And my rule is if any investment reaches a point where I can't sleep and keep worrying about it, then it's time to sell it.
Time to move on to others! wink.gif

QUOTE(WooTz @ Mar 16 2017, 09:57 AM)
Another bull flag forming, I need to take a break from all this.

For context, last Sunday I was shocked we hit $23 with the banks closed. And here we are.
*
Over USD 38 now. (It actually went up by USD 1 as I was typing this post...!)
Very happy with my paper profits (not selling though) although I would have preferred that it went up steadily and gradually instead.
This one's definitely a keeper.

QUOTE(kmarc @ Mar 16 2017, 10:30 AM)
Dizzy from all the profits?tongue.gif

Yeah, another beauty of cryptos where you don't have to wait until Monday or the next working day after public holiday.

Looks like I have to change my strategy a bit. I enter cryptos for Bitcoins and its prospect due to ETF. However, ETF rejection based on the very nature of bitcoin makes it more difficult for any future ETFs to be approved. I was targeting March 30 ETF but it looks like it will Also be rejected. I think many people realize this. Of course, as
Wengherng said, other ETFs are also in the process in other countries. Furthermore, I was hoping for a dramatic drop in BTC prices which never happened. Well, a flash drop did happen but not what I wanted. It looks like BTC will probably trade around current prices unless there is another catalyst to push it up. With the problems of BTC coming up I.e core, classic, unlimited, the near-term prospects is not encouraging.

With this in mind, I'm will be channeling more towards other altcoins. Probably nibble at ETH if it still bullrun. Now which coin will come after ETH, that's the million dollar question. Literally!!!!
*
Because the rejection is already expected, the public has already priced in the rejection of the ETFs into the BTC prices, so that's why you won't see huge crashes......I truly believe we have reached a point where regulatory decisions no longer affect cryptocurrencies as before.
As we saw yesterday, not even a mass shutdown of nodes due to a code attack can affect the BTC price.
Probably the only real threat that can cause a large scale global crash in BTC is a massive hack and theft of some big exchange, but even then, you'd see the prices surge back in days, or at most a few weeks.
ETH is going up a bit too fast for my comfort, so I'll just keep my current stash there and will not buy in more until we see a correction.
Still contemplating what to do with the USDT in my account after cashing out on DASH.
hmm.gif

This post has been edited by wengherng: Mar 16 2017, 11:23 AM
WooTz
post Mar 16 2017, 11:28 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
Once ETH breaches $40, shorts will get liquidated and we'd rocket towards $50 in no time.

Let's hope that doesn't happen too soon

Edit: aaaaaand it reached $40

Guys word of caution here, this is uncharted territory

Buy at your own risk.

This post has been edited by WooTz: Mar 16 2017, 11:38 AM
piscess16
post Mar 16 2017, 11:52 AM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 11:07 AM)
I'm up 800% from my first ETH back in feb last year.

Yes, it's kept safe and sound. Not selling until Casper is live.
*
rclxms.gif then the time u hold the ETH price is how much ?

u still on hold the coins ?
untouchable
post Mar 16 2017, 11:54 AM

Casual
***
Junior Member
415 posts

Joined: Sep 2006
Hi Guys,

Im new to cryptocurrency and I have purchased a ledger nano S.

I would like to know if I still need an online wallet to store my cryptocurrencies first and then only transfer it to the hardware wallet.

If I do not, then how do I use the ledger nano S with my android smart phone?

If not with my android phone? Do i need an app for this? If so, what app is the best and also are there any charges?

I mainly want to invest in altcoins now via poloniex however I would appreciate some guidance on how to go about this

Thanks in advance!
WooTz
post Mar 16 2017, 12:03 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 11:52 AM)
rclxms.gif then the time u hold the ETH price is how much ?

u still on hold the coins ?
*
$4.50, so now it's a solid 900% gain within 13 months

Yup, locked into my hardware wallets.
TSwengherng
post Mar 16 2017, 12:06 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(untouchable @ Mar 16 2017, 11:54 AM)
Hi Guys,

Im new to cryptocurrency and I have purchased a ledger nano S.

I would like to know if I still need an online wallet to store my cryptocurrencies first and then only transfer it to the hardware wallet.

If I do not, then how do I use the ledger nano S with my android smart phone?

If not with my android phone? Do i need an app for this? If so, what app is the best and also are there any charges?

I mainly want to invest in altcoins now via poloniex however I would appreciate some guidance on how to go about this

Thanks in advance!
*
If you're new to cryptocurrencies and hardware wallets, it is strongly advised that you take some time to read up and familiarise yourself on how to transfer your cryptocurrency to your hardware wallet.
This is extremely important, because all transfers are non-reversible.
If you made a mistake and sent your coins to the wrong address, then your coins are lost forever.
There are plenty of online tutorials showing you how to do this, especially on Youtube, just search for "Ledger Nano S reviews and tutorials".
If you are using Poloniex, then you don't need a separate online wallet, you can transfer directly from Poloniex to your hardware wallet, and vice versa.
Ledger has its own app, which you can download for both iOS and Android. Both are free.
piscess16
post Mar 16 2017, 12:13 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 12:03 PM)
$4.50, so now it's a solid 900% gain within 13 months

Yup, locked into my hardware wallets.
*
wow, then waiting year end grow USD 100, can release the coin, then u are earn over 2k % drool.gif

This post has been edited by piscess16: Mar 16 2017, 12:13 PM
WooTz
post Mar 16 2017, 12:51 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 12:13 PM)
wow, then waiting year end grow USD 100, can release the coin, then u are earn over 2k % drool.gif
*
When the time comes, I won't have to sell off my main stash, just the staking reward to pay for living expenses.

That threshold is roughly $300/ETH with 1.5% apr
piscess16
post Mar 16 2017, 01:12 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 12:51 PM)
When the time comes, I won't have to sell off my main stash, just the staking reward to pay for living expenses.

That threshold is roughly $300/ETH with 1.5% apr
*
your ETH is trading or miner ?

and now u have how many ETH brows.gif ?

this morning i also take 0.1 Btc exchange to ETH laugh.gif, around is USD 100
WooTz
post Mar 16 2017, 01:24 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 01:12 PM)
your ETH is trading or miner ?

and now u have how many ETH brows.gif ?

this morning i also take 0.1 Btc exchange to ETH laugh.gif, around is USD 100
*
Neither, I buy with fiat every Sunday

I'm in page 250 of Etherscan, top 6000 holder, for now. My rank drops by the day. Good problem to have.
piscess16
post Mar 16 2017, 01:44 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 01:24 PM)
Neither, I buy with fiat every Sunday

I'm in page 250 of Etherscan, top 6000 holder, for now. My rank drops by the day. Good problem to have.
*
thumbsup.gif now you also got alot jor thumbup.gif

every week u buy how many ?

so ur mean u want waiting USD 300 only release ur ETH
WooTz
post Mar 16 2017, 01:50 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 01:44 PM)
:thumbsup: now you also got alot jor thumbup.gif

every week u buy how many ?

so ur mean u want waiting USD 300 only release ur ETH
*
Now it's around $350 SGD each week.

At $300 I'll have around RM1,500,000 worth of ETH, still not going to sell, going to keep staking and generate passive income. Sell only the interest.
piscess16
post Mar 16 2017, 02:00 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 01:50 PM)
Now it's around $350 SGD each week.

At $300 I'll have around RM1,500,000 worth of ETH, still not going to sell, going to keep staking and generate passive income. Sell only the interest.
*
now ETH look like keep grow up jor, if ETH will become bitcoin, act up to thousand also can.

and now intel n mircosoft also support ETH right

yes, i have doing a format come out, act not bad the 1.5 cash out.

maybe my Bitcoin also can like that, cash out a amount


Attached thumbnail(s)
Attached Image
kmarc
post Mar 16 2017, 02:11 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 16 2017, 11:07 AM)
I'm up 800% from my first ETH back in feb last year.

Yes, it's kept safe and sound. Not selling until Casper is live.
*
Nice! Can only get this in cryptoland. And this is probably just the beginning!!!!

QUOTE(wengherng @ Mar 16 2017, 11:20 AM)
Alright, I've concluded that DASH is getting a bit too high for my poor heart to take, and have decided to cash out my profits.  rclxms.gif
To be honest, I have a feeling that it's still got a bit of steam left in it to push it higher still, but I'm starting to get uncomfortable now. And my rule is if any investment reaches a point where I can't sleep and keep worrying about it, then it's time to sell it.
Time to move on to others!  wink.gif
Over USD 38 now. (It actually went up by USD 1 as I was typing this post...!)
Very happy with my paper profits (not selling though) although I would have preferred that it went up steadily and gradually instead.
This one's definitely a keeper.
Because the rejection is already expected, the public has already priced in the rejection of the ETFs into the BTC prices, so that's why you won't see huge crashes......I truly believe we have reached a point where regulatory decisions no longer affect cryptocurrencies as before.
As we saw yesterday, not even a mass shutdown of nodes due to a code attack can affect the BTC price.
Probably the only real threat that can cause a large scale global crash in BTC is a massive hack and theft of some big exchange, but even then, you'd see the prices surge back in days, or at most a few weeks.
ETH is going up a bit too fast for my comfort, so I'll just keep my current stash there and will not buy in more until we see a correction.
Still contemplating what to do with the USDT in my account after cashing out on DASH.
hmm.gif
*
Good timing. Dash dropped after you sold your substantial amount biggrin.gif

Agreed. As we have discussed before, BTC is here to stay. However, my hope of a 4 to 5 digit percentage gain looks a bit out of reach. As compared to altcoins that probably has a higher potential for such gains. In addition, with BTC price sky high, impossible to get even 50 coins!!! (Happily looking at my doge 500,000 coins. biggrin.gif)

Use USDT to buy altcoins!!!!
WooTz
post Mar 16 2017, 02:16 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 02:00 PM)
now ETH look like keep grow up jor, if ETH will become bitcoin, act up to thousand also can.

and now intel n mircosoft also support ETH right

yes, i have doing a format come out, act not bad the 1.5 cash out.

maybe my Bitcoin also can like that, cash out a amount
*
I always try to temper my euphoria by only making conservative estimates. 1.5% return if all rushing to Stake, which would likely be the case, average can expect 3-5%. That means I can expect lower ETH price before I'm financially independent.

Not just EEA now, Japan is also going all out with blockchain. If you read anything related with Consensys, it's all about Ethereum.

https://www.cryptocoinsnews.com/japanese-bl...wareness-banks/


Only thing left is China adopting it and adding ETH on all exchanges, then the rest of the planet will follow.
TSwengherng
post Mar 16 2017, 03:24 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 16 2017, 02:11 PM)
Nice! Can only get this in cryptoland. And this is probably just the beginning!!!!
Good timing. Dash dropped after you sold your substantial amount biggrin.gif

Agreed. As we have discussed before, BTC is here to stay. However, my hope of a 4 to 5 digit percentage gain looks a bit out of reach. As compared to altcoins that probably has a higher potential for such gains. In addition, with BTC price sky high, impossible to get even 50 coins!!! (Happily looking at my doge 500,000 coins. biggrin.gif)

Use USDT to buy altcoins!!!!
*
Number of coins is not important......most important is how much they are worth! biggrin.gif
Not sure why......the BTC price today on Poloniex is lower than many other exchanges. Damn.

QUOTE(WooTz @ Mar 16 2017, 02:16 PM)
I always try to temper my euphoria by only making conservative estimates. 1.5% return if all rushing to Stake, which would likely be the case, average can expect 3-5%. That means I can expect lower ETH price before I'm financially independent.

Not just EEA now, Japan is also going all out with blockchain. If you read anything related with Consensys, it's all about Ethereum.

https://www.cryptocoinsnews.com/japanese-bl...wareness-banks/


Only thing left is China adopting it and adding ETH on all exchanges, then the rest of the planet will follow.
*
I didn't know that China has not adopted ETH on its exchanges?
You mean that the people in China have no access to buy ETH?
WooTz
post Mar 16 2017, 04:12 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 16 2017, 03:24 PM)
Number of coins is not important......most important is how much they are worth! biggrin.gif
Not sure why......the BTC price today on Poloniex is lower than many other exchanges. Damn.
I didn't know that China has not adopted ETH on its exchanges?
You mean that the people in China have no access to buy ETH?
*
So far I'm only seeing Yunbi with $10,000,000 volume.

And that's it, no okcoin, no BTCC, no Huobi

Let's see how long can they remain stubborn as their competitor making bank on a daily basis.
TSwengherng
post Mar 16 2017, 04:18 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 16 2017, 04:12 PM)
So far I'm only seeing Yunbi with $10,000,000 volume.

And that's it, no okcoin, no BTCC, no Huobi

Let's see how long can they remain stubborn as their competitor making bank on a daily basis.
*
Hmmm...... hmm.gif
It's only a matter of time before they open up, and when they do, it will open up another floodgate of capital influx to the cryptoworld.
piscess16
post Mar 16 2017, 06:02 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 02:16 PM)
I always try to temper my euphoria by only making conservative estimates. 1.5% return if all rushing to Stake, which would likely be the case, average can expect 3-5%. That means I can expect lower ETH price before I'm financially independent.

Not just EEA now, Japan is also going all out with blockchain. If you read anything related with Consensys, it's all about Ethereum.

https://www.cryptocoinsnews.com/japanese-bl...wareness-banks/


Only thing left is China adopting it and adding ETH on all exchanges, then the rest of the planet will follow.
*
and the day u have say the POS, if the ETH POS, now de GPU is cant minner ?

and how about Zcash ?
WooTz
post Mar 16 2017, 06:06 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 06:02 PM)
and the day u have say the POS, if the ETH POS, now de GPU is cant minner ?

and how about Zcash ?
*
Existing POW miners would simply point their hashrate on other GPU algos

What about zcash?
piscess16
post Mar 16 2017, 06:11 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 06:06 PM)
Existing POW miners would simply point their hashrate on other GPU algos

What about zcash?
*
the mean is GPU not is miner, is using ETH old age Miner ?

now i have checkin using RX 480 around RM 1200, can miner 1.5ETH/month

and why the ETH difficulty is everyday exchange, didnt same with bitcoin around 12day change a time.


i mean is zcash got potential ?
WooTz
post Mar 16 2017, 06:16 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 06:11 PM)
the mean is GPU not is miner, is using ETH old age Miner ?

now i have checkin using RX 480 around RM 1200, can miner 1.5ETH/month

and why the ETH difficulty is everyday exchange, didnt same with bitcoin around 12day change a time.
i mean is zcash got potential ?
*
Yes, the difficulty adjusts on every block, if too little hashpower, it eases up, too many, it tightens up.

That's how ETC survived the hard fork last year.

Zcash depends on liquidity and adoption, that one kind of shaky, cause ETH will be having similar features with zk-snarks
kmarc
post Mar 16 2017, 08:16 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 16 2017, 03:24 PM)
Number of coins is not important......most important is how much they are worth! biggrin.gif
Not sure why......the BTC price today on Poloniex is lower than many other exchanges. Damn.

*


biggrin.gif

Transfer to other exchange? I'm actually thinking of whether to use another exchange and not depend solely on Poloniex. Anybody uses any other exchange? hmm.gif

This post has been edited by kmarc: Mar 16 2017, 08:16 PM
piscess16
post Mar 16 2017, 08:49 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 06:16 PM)
Yes, the difficulty adjusts on every block, if too little hashpower, it eases up, too many, it tightens up.

That's how ETC survived the hard fork last year.

Zcash depends on liquidity and adoption, that one kind of shaky, cause ETH will be having similar features with zk-snarks
*
understanding, i have study when the ETH turn to POS, then just only is got ETH Coin only can miner, then want to miner the is need buy the coin loh ?
piscess16
post Mar 16 2017, 08:51 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
now i just know is poloniex.com, still have what similar website can exchange BTC
WooTz
post Mar 16 2017, 09:11 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 08:49 PM)
understanding, i have study when the ETH turn to POS, then just only is got ETH Coin only can miner, then want to miner the is need buy the coin loh ?
*
yes, it's frankly too late to accumulate sufficient ETH for PoS through mining now, best way is to develop dapps and earn ETH that way, or trade with fiat/crypto.

Whales having five/six figure ETH means the small fish need to pool up for decent profits.
piscess16
post Mar 16 2017, 10:03 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 16 2017, 09:11 PM)
yes, it's frankly too late to accumulate sufficient ETH for PoS through mining now, best way is to develop dapps and earn ETH that way, or trade with fiat/crypto.

Whales having five/six figure ETH means the small fish need to pool up for decent profits.
*
dapps is dash coin ?
WooTz
post Mar 16 2017, 10:27 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 16 2017, 10:03 PM)
dapps is dash coin ?
*
dapps simply stands for decentralized applications, just like your phone apps without needing to go through apple or google for approval.

you create content and charge a small fee or offer microtransactions, then you huat like zynga.
mois
post Mar 16 2017, 11:02 PM

Enemy Territory
*******
Senior Member
3,626 posts

Joined: Nov 2007
From: Hornbill land
QUOTE(WooTz @ Mar 16 2017, 01:50 PM)
Now it's around $350 SGD each week.

At $300 I'll have around RM1,500,000 worth of ETH, still not going to sell, going to keep staking and generate passive income. Sell only the interest.
*
Now still consider late to join ka?
kmarc
post Mar 16 2017, 11:14 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(piscess16 @ Mar 16 2017, 08:51 PM)
now i just know is poloniex.com, still have what similar website can exchange BTC
*
Here are the available exchanges. Never tried anyone of them except Poloniex.

https://www.cryptocompare.com/coins/btc/markets/USD
TSwengherng
post Mar 16 2017, 11:23 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 16 2017, 08:16 PM)
biggrin.gif

Transfer to other exchange? I'm actually thinking of whether to use another exchange and not depend solely on Poloniex. Anybody uses any other exchange?  hmm.gif
*
Have to check them out later.
So far I am only using Poloniex for exchanging between various cryptocurrencies.

QUOTE(mois @ Mar 16 2017, 11:02 PM)
Now still consider late to join ka?
*
It's never too late to start investing in any investment vehicle.
Just depends on your expectations and risk appetite.

WooTz
post Mar 17 2017, 05:42 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(mois @ Mar 16 2017, 11:02 PM)
Now still consider late to join ka?
*
Bitcoin only flipped a bit, not late at all.

$100 was expected without the flippening.
kmarc
post Mar 17 2017, 06:42 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 17 2017, 05:42 AM)
Bitcoin only flipped a bit, not late at all.

$100 was expected without the flippening.
*
Good morning! ETH at it again. Wake up in the morning ATH!!! Should have bought more last night. Added a new altcoins instead. cry.gif

Still not too late ka? Maybe nibble a bit tonight biggrin.gif

This post has been edited by kmarc: Mar 17 2017, 06:48 AM
WooTz
post Mar 17 2017, 07:32 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 17 2017, 06:42 AM)
Good morning! ETH at it again. Wake up in the morning ATH!!! Should have bought more last night. Added a new altcoins instead. cry.gif

Still not too late ka? Maybe nibble a bit tonight biggrin.gif
*
Very hard to time an entry and exit, that's why I set my firm buying schedule and hope it dips by the time I jump in.

If you paid attention to the Reddit daily thread, you start to see parents and investment brokers getting involved now.

By the end of march we can see $150 or $35 really. Get ready for some roller coaster action.

Edit: bull pennant forming on 5 min chart, here we go again....

This post has been edited by WooTz: Mar 17 2017, 08:00 AM
kmarc
post Mar 17 2017, 08:20 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 17 2017, 07:32 AM)
Very hard to time an entry and exit, that's why I set my firm buying schedule and hope it dips by the time I jump in.

If you paid attention to the Reddit daily thread, you start to see parents and investment brokers getting involved now.

By the end of march we can see $150 or $35 really. Get ready for some roller coaster action.

Edit: bull pennant forming on 5 min chart, here we go again....
*
As always, very true. Nobody can time the market and anything can happen. My 0.0002 ETH opinion is that more people are realizing what potentials cryptos have, thx to BTC hitting 4 digits. Money are pouring in and more are channeled to altcoins. As ETH (and dash?) are the next coins in line, it is probable that they will go higher. Again, how high nobody knows.

Ok, I'm going to stick to my plan of just hodling everything. I'm also holding dash for now because my view stands, that in cryptoworld, fundamentals take a back seat. Will nibble at ETH if the bull still has legs to run.

Oh ya, my strategy flippening too. biggrin.gif More to altcoins rather than BTC. Will only buy in if BTC drops.

This post has been edited by kmarc: Mar 17 2017, 08:22 AM
WooTz
post Mar 17 2017, 08:28 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 17 2017, 08:20 AM)
As always, very true. Nobody can time the market and anything can happen. My 0.0002 ETH opinion is that more people are realizing what potentials cryptos have, thx to BTC hitting 4 digits.  Money are pouring in and more are channeled to altcoins. As ETH (and dash?) are the next coins in line, it is probable that they will go higher. Again, how high nobody knows.

Ok, I'm going to stick to my plan of just hodling everything. I'm also holding dash for now because my view stands, that in cryptoworld, fundamentals take a back seat. Will nibble at ETH if the bull still has legs to run.

Oh ya, my strategy flippening too. biggrin.gif More to altcoins rather than BTC. Will only buy in if BTC drops.
*
Well from my observation, the time when ETH was $28.50 it stayed there for 48 hours before resuming its ascension. If we see similar patterns for next week, I'll be certain that the flippening has officially occurred, good luck to BTC holder who've yet to diversify, looking at you archangel.

For now BTC is dragging down ETH slightly, but we got fiat deposits at the gates waiting to scoop it all up.

Edit: now some exchanges went down due to overwhelming traffic, guess that's a good preview for what's to come.

Edit2: now Korean trade data is missing from coinmarketcap, possibly from being overloaded.

And GDAX is flirting with $48 $49.

What the fuck is going on here? This is beyond MLM appreciation.

This post has been edited by WooTz: Mar 17 2017, 10:50 AM
-CoupeFanatic-
post Mar 17 2017, 11:14 AM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
ETH is just too undervalued, with so many institutions showing their support, the hype just isn't over until some bad news comes along. Not that I want it to happen, it just almost certain that shit will go down when during times like this. Expecting it to reach 0.05 BTC/ETH by this weekend.

Buy ETH on the fib retracement 50% - 61.8% pull back

Meanwhile polo is down for me every 10 mins wtf
piscess16
post Mar 17 2017, 11:42 AM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
today bitcoin drop until 1100, and ETC grow up to 48.

ytd exchange BTC to ETH, the value up jor USD 15.

hmm.gif hmm.gif

and i have checking bitcoinfees.21.co to make the transaction fee.

ytd is USD 0.5 but very fast confirmation, today until now 1hour still not yet step 1

This post has been edited by piscess16: Mar 17 2017, 11:43 AM
WooTz
post Mar 17 2017, 11:50 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(-CoupeFanatic- @ Mar 17 2017, 11:14 AM)
ETH is just too undervalued, with so many institutions showing their support, the hype just isn't over until some bad news comes along. Not that I want it to happen, it just almost certain that shit will go down when during times like this. Expecting it to reach 0.05 BTC/ETH by this weekend.

Buy ETH on the fib retracement 50% - 61.8% pull back

Meanwhile polo is down for me every 10 mins wtf
*
Jeff Garzik, the Bitcoin developer is now part of EEA.

If this isn't evidence of permanent flipping I don't know what is.

Expect price parity with ETH and BTC within a month from now.

I'm done tracking the price, I need to write up my resignation letter now.
piscess16
post Mar 17 2017, 11:55 AM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(WooTz @ Mar 17 2017, 11:50 AM)
Jeff Garzik, the Bitcoin developer is now part of EEA.

If this isn't evidence of permanent flipping I don't know what is.

Expect price parity with ETH and BTC within a month from now.

I'm done tracking the price, I need to write up my resignation letter now.
*
can retirement ? rclxms.gif haha

so the mean, now ETH will keep grow up the price ?
-CoupeFanatic-
post Mar 17 2017, 11:59 AM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(WooTz @ Mar 17 2017, 11:50 AM)
Jeff Garzik, the Bitcoin developer is now part of EEA.

If this isn't evidence of permanent flipping I don't know what is.

Expect price parity with ETH and BTC within a month from now.

I'm done tracking the price, I need to write up my resignation letter now.
*
The only reason you would sell your ETH is to buy back cheaper later on, provided you timed the market well.
I can't think of another reason to sell your ETH.
Good luck thumbsup.gif
untouchable
post Mar 17 2017, 12:25 PM

Casual
***
Junior Member
415 posts

Joined: Sep 2006
Anybody tried the poloniex lending bot before?
WooTz
post Mar 17 2017, 12:28 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(piscess16 @ Mar 17 2017, 11:55 AM)
can retirement ? rclxms.gif  haha

so the mean, now ETH will keep grow up the price ?
*
Yeah, I'll take a few months vacation with my other funds, then once Casper kicks in I'll be all set.
kmarc
post Mar 17 2017, 12:33 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 17 2017, 08:28 AM)
Well from my observation, the time when ETH was $28.50 it stayed there for 48 hours before resuming its ascension. If we see similar patterns for next week, I'll be certain that the flippening has officially occurred, good luck to BTC holder who've yet to diversify, looking at you archangel.

For now BTC is dragging down ETH slightly, but we got fiat deposits at the gates waiting to scoop it all up.

Edit: now some exchanges went down due to overwhelming traffic, guess that's a good preview for what's to come.

Edit2: now Korean trade data is missing from coinmarketcap, possibly from being overloaded.

And GDAX is flirting with $48 $49.

What the fuck is going on here? This is beyond MLM appreciation.
*
Cryptoland remember? Since I enter this land last month, it is price appreciation almost everyday. First bitcoin and now ETH. I just don't know whether to laugh or cry. Laugh because of price appreciation, cry because I didn't buy enough when it was "cheaper". Oh well, at least I'm part of it. smile.gif Almost all the coins I bought have also appreciated somewhat. smile.gif

I may still see BTC going down to USD 900 range. If I were to predict now, with money flowing to altcoins, I might even predict USD 800 range. But I'm no analyst....

QUOTE(-CoupeFanatic- @ Mar 17 2017, 11:14 AM)
ETH is just too undervalued, with so many institutions showing their support, the hype just isn't over until some bad news comes along. Not that I want it to happen, it just almost certain that shit will go down when during times like this. Expecting it to reach 0.05 BTC/ETH by this weekend.

Buy ETH on the fib retracement 50% - 61.8% pull back

Meanwhile polo is down for me every 10 mins wtf
*
Yeah, overloaded. I'm having the same problem and is considering using another exchange. As a backup and also to distribute to coins. Haven't decided which one yet though.

QUOTE(WooTz @ Mar 17 2017, 11:50 AM)
Jeff Garzik, the Bitcoin developer is now part of EEA.

If this isn't evidence of permanent flipping I don't know what is.

Expect price parity with ETH and BTC within a month from now.

I'm done tracking the price, I need to write up my resignation letter now.
*
Resignation? Haha, not so fast unless you cash out. Paper gain only. Anything can happen. wink.gif

ETH ATH again and I'm working!!!???!!! cry.gif
kmarc
post Mar 17 2017, 12:36 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(untouchable @ Mar 17 2017, 12:25 PM)
Anybody tried the poloniex lending bot before?
*
What's a lending bot? Where to get that? At the moment, I have to manually set my lendings to get the best rate.
-CoupeFanatic-
post Mar 17 2017, 12:37 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(kmarc @ Mar 17 2017, 12:33 PM)
Cryptoland remember? Since I enter this land last month, it is price appreciation almost everyday. First bitcoin and now ETH. I just don't know whether to laugh or cry. Laugh because of price appreciation, cry because I didn't buy enough when it was "cheaper". Oh well, at least I'm part of it. smile.gif Almost all the coins I bought have also appreciated somewhat. smile.gif

*
as of now BTC dominance is at all time low 72.2%

DASH and ETH is killing it rclxm9.gif
piscess16
post Mar 17 2017, 12:38 PM

New Member
*
Junior Member
35 posts

Joined: Jun 2006
QUOTE(untouchable @ Mar 17 2017, 12:25 PM)
Anybody tried the poloniex lending bot before?
*
auto trading ?

i just have using social network bot for my online business
-CoupeFanatic-
post Mar 17 2017, 12:39 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(kmarc @ Mar 17 2017, 12:36 PM)
What's a lending bot? Where to get that? At the moment, I have to manually set my lendings to get the best rate.
*
https://www.poloniexlendingbot.com/

it's not an auto trading bot that springs money out of thin air. icon_idea.gif

Just a bot to help you execute your lendings and whatnot
kmarc
post Mar 17 2017, 12:48 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(-CoupeFanatic- @ Mar 17 2017, 12:37 PM)
as of now BTC dominance is at all time low 72.2%

DASH and ETH is killing it  rclxm9.gif
*
Really? I know it was on a downward trend. Last I checked it was 80%. Dramatic drop. Hmmm... maybe I should convert more BTC to altcoins.....

QUOTE(-CoupeFanatic- @ Mar 17 2017, 12:39 PM)
https://www.poloniexlendingbot.com/

it's not an auto trading bot that springs money out of thin air.  icon_idea.gif

Just a bot to help you execute your lendings and whatnot
*
Interesting. Will check it out after work. Thx for the link!
WooTz
post Mar 17 2017, 12:48 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 17 2017, 12:33 PM)
Cryptoland remember? Since I enter this land last month, it is price appreciation almost everyday. First bitcoin and now ETH. I just don't know whether to laugh or cry. Laugh because of price appreciation, cry because I didn't buy enough when it was "cheaper". Oh well, at least I'm part of it. smile.gif Almost all the coins I bought have also appreciated somewhat. smile.gif

I may still see BTC going down to USD 900 range. If I were to predict now, with money flowing to altcoins, I might even predict USD 800 range. But I'm no analyst....
Yeah, overloaded. I'm having the same problem and is considering using another exchange. As a backup and also to distribute to coins. Haven't decided which one yet though.
Resignation? Haha, not so fast unless you cash out. Paper gain only. Anything can happen. wink.gif

ETH ATH again and I'm working!!!???!!! cry.gif
*
I was planning on quitting this job anyway, after the break will find other jobs while waiting on Casper.
kmarc
post Mar 17 2017, 12:52 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 17 2017, 12:48 PM)
I was planning on quitting this job anyway, after the break will find other jobs while waiting on Casper.
*
I see. Nice. Hope my turn will come but I will still be working tongue.gif
TSwengherng
post Mar 17 2017, 02:07 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 17 2017, 11:50 AM)
Jeff Garzik, the Bitcoin developer is now part of EEA.

If this isn't evidence of permanent flipping I don't know what is.

Expect price parity with ETH and BTC within a month from now.

I'm done tracking the price, I need to write up my resignation letter now.
*
QUOTE(WooTz @ Mar 17 2017, 12:28 PM)
Yeah, I'll take a few months vacation with my other funds, then once Casper kicks in I'll be all set.
*
Damn......wish I could say that as well.
Oh well......good for you!
I still have a very long way to go.
sweat.gif
kmarc
post Mar 17 2017, 03:06 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
ETH at USD 50. Last time I hated BTC. Now I hate ETH!!!! Damn you! biggrin.gif

Quick, tell me which one is the next coin? Monero?!!??

TSwengherng
post Mar 17 2017, 03:22 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 17 2017, 03:06 PM)
ETH at USD 50. Last time I hated BTC. Now I hate ETH!!!! Damn you! biggrin.gif

Quick, tell me which one is the next coin? Monero?!!??
*
I have about 10% of total cryptocurrency investment in Monero.
Right now, I think it's about 60% BTC, 30% ETH and 10% XMR.
Pretty happy with the performance so far.

ETH is going up a little too fast, in my opinion.
The fundamentals are definitely there......just the speed is too fast and I predict there would be a correction soon, so probably will not buy more at the moment.
BTC is looking very cheap at the moment......would have loved to get some more, but unfortunately I'm all out of cash now.
untouchable
post Mar 17 2017, 04:37 PM

Casual
***
Junior Member
415 posts

Joined: Sep 2006
Just want to ask is Poloniex trading 24/7? or do they have closing time?
kmarc
post Mar 17 2017, 04:38 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 17 2017, 03:22 PM)
I have about 10% of total cryptocurrency investment in Monero.
Right now, I think it's about 60% BTC, 30% ETH and 10% XMR.
Pretty happy with the performance so far.

ETH is going up a little too fast, in my opinion.
The fundamentals are definitely there......just the speed is too fast and I predict there would be a correction soon, so probably will not buy more at the moment.
BTC is looking very cheap at the moment......would have loved to get some more, but unfortunately I'm all out of cash now.
*
Nice nice.

You spoke too soon but you are correct!!! Correction just happened and I can't buy till I get home!!! cry.gif

I'm gonna tread more carefully. Nibble on the rise.

I should go on long vacation too. biggrin.gif Oh, not because I'm set for life, it's because of no time to buy!!!!

This post has been edited by kmarc: Mar 17 2017, 04:42 PM
kmarc
post Mar 17 2017, 04:40 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(lucifart @ Mar 17 2017, 04:02 PM)
Cna some1 pls tell me where how to buy eth in malaysia hmm.gif tq
*
I don't think you can. I buy BTC and transfer to poloniex to buy ETH.

QUOTE(untouchable @ Mar 17 2017, 04:37 PM)
Just want to ask is Poloniex trading 24/7? or do they have closing time?
*
Cryptocurrencies are 24/7. It just depends on how long you can go without sleep! wink.gif
-CoupeFanatic-
post Mar 17 2017, 05:07 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
I hope none of you set your stop loss and sold.

That dump is just to shake off weak hands, ETH is back up 0.04 now
TSwengherng
post Mar 17 2017, 05:30 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(untouchable @ Mar 17 2017, 04:37 PM)
Just want to ask is Poloniex trading 24/7? or do they have closing time?
*
All day, every day.


QUOTE(-CoupeFanatic- @ Mar 17 2017, 05:07 PM)
I hope none of you set your stop loss and sold.

That dump is just to shake off weak hands, ETH is back up 0.04 now
*
ETH and BTC are the only 2 cryptos that I do not set sell-limits.
I daresay that ETH will hit USD 32-35 before turning around.
Sadly, I think those days are gone when I could buy it at below USD 17.
sirxl
post Mar 17 2017, 05:59 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(untouchable @ Mar 17 2017, 12:25 PM)
Anybody tried the poloniex lending bot before?
*
poloniex lending bot?
is it made by 3rd parties?
-CoupeFanatic-
post Mar 17 2017, 06:01 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(lucifart @ Mar 17 2017, 05:52 PM)
Wtf...I pay hard cash nobody want to sell me eth??? hmm.gif
*
its that scarce, not as mainstream as bitcoin.
kmarc
post Mar 17 2017, 06:12 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(lucifart @ Mar 17 2017, 05:52 PM)
Wtf...I pay hard cash nobody want to sell me eth??? hmm.gif
*
It's not people don't want your money. It is because there's no platform accepting MYR. Maybe in the future if ethereum becomes more popular. wink.gif

ETH, please wait for me!!!!!

This post has been edited by kmarc: Mar 17 2017, 06:13 PM
kmarc
post Mar 17 2017, 06:18 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(lucifart @ Mar 17 2017, 06:16 PM)
Singapore got or not I buy using usd also can...still gpt prob???
*
That I don't know. I never used USD to buy before. wink.gif
WooTz
post Mar 17 2017, 06:23 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(lucifart @ Mar 17 2017, 06:16 PM)
Singapore got or not I buy using usd also can...still gpt prob???
*
Can use SG bank and perform instant purchase with Coinbase, if you don't mind the 1.5% fee.

It's like delivered to you in seconds, rather than days in the US, very odd.
sirxl
post Mar 17 2017, 06:41 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 17 2017, 06:12 PM)
It's not people don't want your money. It is because there's no platform accepting MYR. Maybe in the future if ethereum becomes more popular. wink.gif

ETH, please wait for me!!!!!
*
even small cap coins are getting pumped - like AMP.
kmarc
post Mar 17 2017, 09:16 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 17 2017, 06:41 PM)
even small cap coins are getting pumped - like AMP.
*
Yeah, even no name coin like namecoin can suddenly jump 300% but later crashed to the ground. rclxub.gif

Dammit, my timing is so bad. Was happy there was a correction this afternoon. Decided to get some more ETH and Dash when I got back. Just got back and...... cry.gif cry.gif cry.gif So high!!!!

Anyway, nibbled some ETH for desert. Wanted to get Dash (mainly to loan out) but decided not to. vmad.gif

ETH and Dash appears resistant to a crash. Probably due to high volume? hmm.gif

This post has been edited by kmarc: Mar 17 2017, 09:18 PM
WooTz
post Mar 17 2017, 09:20 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 17 2017, 09:16 PM)
Yeah, even no name coin like namecoin can suddenly jump 300% but later crashed to the ground.  rclxub.gif

Dammit, my timing is so bad. Was happy there was a correction this afternoon. Decided to get some more ETH and Dash when I got back. Just got back and......  cry.gif  cry.gif  cry.gif So high!!!!

Anyway, nibbled some ETH for desert. Wanted to get Dash (mainly to loan out) but decided not to.  vmad.gif

ETH and Dash appears resistant to a crash. Probably due to high volume?  hmm.gif
*
some dude with ballz of steel over at ethtrader

QUOTE
46.1 BTC unrealised loss on my DASH short, 1 BTC lending fees so far. Liquidation at 0.094. Hodling until the bubble pops, or I die.


notworthy.gif notworthy.gif notworthy.gif notworthy.gif

This post has been edited by WooTz: Mar 17 2017, 09:20 PM
kmarc
post Mar 17 2017, 09:24 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 17 2017, 09:20 PM)
some dude with ballz of steel over at ethtrader
notworthy.gif  notworthy.gif  notworthy.gif  notworthy.gif
*
Wow! Those are big whales. 46.1 BTC loss is 52k USD!!!! shakehead.gif

I think a lot of people lost money trying to short Dash. So many saying it will crash, it will crash, no fundamental, instamine scam, ponzi, etc.....

This post has been edited by kmarc: Mar 17 2017, 09:27 PM
WooTz
post Mar 17 2017, 09:42 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 17 2017, 09:24 PM)
Wow! Those are big whales. 46.1 BTC loss is 52k USD!!!!  shakehead.gif

I think a lot of people lost money trying to short Dash. So many saying it will crash, it will crash, no fundamental, instamine scam, ponzi, etc.....
*
hard to crash because of masternodes and founder hoarded tons of it during premine. shakehead.gif shakehead.gif


kelvinlym
post Mar 17 2017, 10:09 PM

Yes, that was my car.
******
Senior Member
1,152 posts

Joined: Jun 2007
From: Kuala Lumpur
What does it take to start an ETH exchange in MYR ala Xbit?
TSwengherng
post Mar 18 2017, 12:15 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(wengherng @ Mar 17 2017, 05:30 PM)
All day, every day.
ETH and BTC are the only 2 cryptos that I do not set sell-limits.
I daresay that ETH will hit USD 32-35 before turning around.
Sadly, I think those days are gone when I could buy it at below USD 17.
*
So...ETH did drop to USD 32.50 at one point in the evening......damn it, sometimes I hate it when I'm right, especially when I have no more money to buy at the dips.
And now it's nearly back to USD 46.
The speed of all this madness is making me dizzy.
WooTz
post Mar 18 2017, 07:35 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 18 2017, 12:15 AM)
So...ETH did drop to USD 32.50 at one point in the evening......damn it, sometimes I hate it when I'm right, especially when I have no more money to buy at the dips.
And now it's nearly back to USD 46.
The speed of all this madness is making me dizzy.
*
The madness will accelerate once the BTC fork approaches, the statements from exchanges made me feel rich already.

There's going to be prolonged conflict even after the fork, and ETH will be waiting.

If the flippening guarantees $70-80, what about the ETH upgrades? Better calm myself down.
kmarc
post Mar 18 2017, 08:56 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 17 2017, 09:42 PM)
hard to crash because of masternodes and founder hoarded tons of it during premine.  shakehead.gif  shakehead.gif
*
Yeah, that's what I'm thinking. If BTC can go so high, I'm sure Dash MN would want to pump the price higher. The higher it is, the better it is for them!!

QUOTE(wengherng @ Mar 18 2017, 12:15 AM)
So...ETH did drop to USD 32.50 at one point in the evening......damn it, sometimes I hate it when I'm right, especially when I have no more money to buy at the dips.
And now it's nearly back to USD 46.
The speed of all this madness is making me dizzy.
*
I need to learn to set to buy in automatically when prices dropped. Missed two occasions now, BTC dropped to USD 1000 and ETH to USD 32.

QUOTE(WooTz @ Mar 18 2017, 07:35 AM)
The madness will accelerate once the BTC fork approaches, the statements from exchanges made me feel rich already.

There's going to be prolonged conflict even after the fork, and ETH will be waiting.

If the flippening guarantees $70-80, what about the ETH upgrades? Better calm myself down.
*
Come I help you. CALM DOWN!!! tongue.gif Remember paper gain!

CNBC did two articles on the fork and ETH. Will post up tonight when I'm free. Or if somebody could post it up.

This post has been edited by kmarc: Mar 18 2017, 08:57 AM
1wildcat1
post Mar 18 2017, 09:42 AM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
Looking to purchase some coins from a buyer, every week. Rm 50 minimum purchase each week at market price.

Anybody?
kmarc
post Mar 18 2017, 10:46 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(1wildcat1 @ Mar 18 2017, 09:42 AM)
Looking to purchase some coins from a buyer, every week. Rm 50 minimum purchase each week at market price.

Anybody?
*
Why don't you buy yourself? Easier that way. wink.gif

Hmmm.... monero a bit lower. Probably add a bit tonight.

This post has been edited by kmarc: Mar 18 2017, 10:46 AM
WooTz
post Mar 18 2017, 11:59 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
Something tells me that even a tiny 0.5% investment into Ether is a guaranteed win over a few years.

Problem is how to convince them to stop spending nonsense like 4D/toto and teach them how to buy their first ETH.

Again this isn't trading advice, just thinking out loud.

There isn't much time before Casper arrives, and Bitcoin isn't making it cheaper either.
kmarc
post Mar 18 2017, 01:24 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 18 2017, 11:59 AM)
Something tells me that even a tiny 0.5% investment into Ether is a guaranteed win over a few years.

Problem is how to convince them to stop spending nonsense like 4D/toto and teach them how to buy their first ETH.

Again this isn't trading advice, just thinking out loud.

There isn't much time before Casper arrives, and Bitcoin isn't making it cheaper either.
*
When is Casper coming?

Was also wondering, in Bitcoins case, miners mine for bitcoin which halves after a certain period. And the bitcoin payout stops by 2040? What happens after that when miners don't get anything out of mining? If I understand the concept correctly.

This post has been edited by kmarc: Mar 18 2017, 01:27 PM
kjlow88
post Mar 18 2017, 01:34 PM

Getting Started
**
Junior Member
136 posts

Joined: Jun 2016
Hello guys....
wannmetal
post Mar 18 2017, 03:46 PM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
QUOTE(WooTz @ Mar 18 2017, 11:59 AM)
Something tells me that even a tiny 0.5% investment into Ether is a guaranteed win over a few years.

Problem is how to convince them to stop spending nonsense like 4D/toto and teach them how to buy their first ETH.

Again this isn't trading advice, just thinking out loud.

There isn't much time before Casper arrives, and Bitcoin isn't making it cheaper either.
*
this win bro hahaha
WooTz
post Mar 18 2017, 04:03 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(lucifart @ Mar 18 2017, 12:10 PM)
Tq for info thumbup.gif ...now I will buy some eth...
*
Sign up at xfers.io and submit documents for verification, it'll take couple days at most.

QUOTE(kmarc @ Mar 18 2017, 01:24 PM)
When is Casper coming?

Was also wondering, in Bitcoins case, miners mine for bitcoin which halves after a certain period. And the bitcoin payout stops by 2040? What happens after that when miners don't get anything out of mining? If I understand the concept correctly.
*
Q4 this year, phase 1 already written in python and testing is progressing. Lots of FUD from adversaries stating inflation going towards the way of Venezuela, even if POS proves to be impossible, there's plan to scale down mining reward next year.

This is why Vitalik, founder of Ethereum is concerned with Bitcoin, without mining reward, fees will have to be expensive for sustainability.

QUOTE(wannmetal @ Mar 18 2017, 03:46 PM)
this win bro hahaha
*
Yes, it's no longer about getting rich now, you'll want to preorder a piece of the internet before others.
wannmetal
post Mar 18 2017, 04:16 PM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
QUOTE(WooTz @ Mar 18 2017, 04:03 PM)
Sign up at xfers.io and submit documents for verification, it'll take couple days at most.
Q4 this year, phase 1 already written in python and testing is progressing. Lots of FUD from adversaries stating inflation going towards the way of Venezuela, even if POS proves to be impossible, there's plan to scale down mining reward next year.

This is why Vitalik, founder of Ethereum is concerned with Bitcoin, without mining reward, fees will have to be expensive for sustainability.
Yes, it's no longer about getting rich now, you'll want to preorder a piece of the internet before others.
*
okay sir. currently waiting for eth to drop and buy more hahaha
1wildcat1
post Mar 18 2017, 04:25 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 18 2017, 10:46 AM)
Why don't you buy yourself? Easier that way. wink.gif

Hmmm.... monero a bit lower. Probably add a bit tonight.
*
From an exchange? Just transferred some funds over to xbitasia. Let's see how it goes...
WooTz
post Mar 18 2017, 04:33 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wannmetal @ Mar 18 2017, 04:16 PM)
okay sir. currently waiting for eth to drop and buy more hahaha
*
We've had two dumps back to back so far, and the price is refusing to remain below $40.

This is pretty impressive, I'm sure the whales are dumbfounded too.
kmarc
post Mar 18 2017, 05:04 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 18 2017, 04:03 PM)
Q4 this year, phase 1 already written in python and testing is progressing. Lots of FUD from adversaries stating inflation going towards the way of Venezuela, even if POS proves to be impossible, there's plan to scale down mining reward next year.

This is why Vitalik, founder of Ethereum is concerned with Bitcoin, without mining reward, fees will have to be expensive for sustainability.

*
Q4? Aarrrrgghh... so long! I want it now! biggrin.gif

Yeah, even now, BTC transaction time is getting longer and longer. For BTC to become mainstream with fast transaction, it just cannot be in current state. Imaging buying pizza but have to wait in the shop for 20 minutes for confirmation to take place! BTC factions better come to an agreement soon.


QUOTE(1wildcat1 @ Mar 18 2017, 04:25 PM)
From an exchange? Just transferred some funds over to xbitasia. Let's see how it goes...
*
Great! Do update on your experience! smile.gif

QUOTE(WooTz @ Mar 18 2017, 04:33 PM)
We've had two dumps back to back so far, and the price is refusing to remain below $40.

This is pretty impressive, I'm sure the whales are dumbfounded too.
*
Dash aiming for ATH again. Already surpass the USD100 mark again. Waiting for ETH to make it's move!

Damn, ran out of BTC (excluding my airbitz storage). Current localbitcoins and remitano sellers just don't want to sell near current BTC prices. mad.gif
wannmetal
post Mar 18 2017, 05:26 PM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
QUOTE(WooTz @ Mar 18 2017, 04:33 PM)
We've had two dumps back to back so far, and the price is refusing to remain below $40.

This is pretty impressive, I'm sure the whales are dumbfounded too.
*
hahahaha okay sir. the price stick at 39-41. what do u think of monero?
WooTz
post Mar 18 2017, 05:47 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wannmetal @ Mar 18 2017, 05:26 PM)
hahahaha okay sir. the price stick at 39-41. what do u think of monero?
*
Not interested, Ethereum will be getting state channels (Raiden) very soon and zk-snarks later this year.

Both will enable privacy for users.
kmarc
post Mar 18 2017, 10:19 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Market is going crazy. BTC below 1k. All red except Dash and Zcash. Unbelievable! shakehead.gif
WooTz
post Mar 18 2017, 10:51 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 18 2017, 10:19 PM)
Market is going crazy. BTC below 1k. All red except Dash and Zcash. Unbelievable!  shakehead.gif
*
We are witnessing Bitcoin's gradual implosion

I'm guessing dogecoin will be next to green.

Edit: alphabay is adding Ethereum on May.

Interesting, I thought they would rather wait for zk-snarks at least.

This post has been edited by WooTz: Mar 18 2017, 11:09 PM
kmarc
post Mar 18 2017, 11:12 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 18 2017, 10:51 PM)
We are witnessing Bitcoin's gradual implosion

I'm guessing dogecoin will be next to green.
*
Scary. I don't dare touch anything.

Looking at Zcash shooting up after being so quiet, I'm thinking the whales will be targeting the next coin.... XMR perhaps? hmm.gif

Dogecoin? sweat.gif

This post has been edited by kmarc: Mar 18 2017, 11:15 PM
-CoupeFanatic-
post Mar 18 2017, 11:44 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
time to buy more btc
TSwengherng
post Mar 19 2017, 12:55 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 18 2017, 07:35 AM)
The madness will accelerate once the BTC fork approaches, the statements from exchanges made me feel rich already.

There's going to be prolonged conflict even after the fork, and ETH will be waiting.

If the flippening guarantees $70-80, what about the ETH upgrades? Better calm myself down.
*
What's the actual definition of the flippening?
Is it simply when ETH's market capitalisation overtakes BTC's?


This post has been edited by wengherng: Mar 19 2017, 01:52 AM
wannmetal
post Mar 19 2017, 02:48 AM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
crazy man. Buy btc bro surely hike up after this
WooTz
post Mar 19 2017, 06:52 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 19 2017, 12:55 AM)
What's the actual definition of the flippening?
Is it simply when ETH's market capitalisation overtakes BTC's?
*
Yes, that would change everything

Edit: the crazy guy who short DASH earlier gets liquidated.

You know the saying, the markets can remain bananas longer than you can remain solvent.

DASH Short got rekt

This post has been edited by WooTz: Mar 19 2017, 07:16 AM
kmarc
post Mar 19 2017, 08:14 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 19 2017, 06:52 AM)
Yes, that would change everything

Edit: the crazy guy who short DASH earlier gets liquidated.

You know the saying, the markets can remain bananas longer than you can remain solvent.

DASH Short got rekt
*
High risk high return. He should know the risk. Pity him though.

Anyway, ETH just don't want to be my friend. Was waiting for my transfer BTC from my airbitz wallet to Poloniex. In a matter of minutes, ETH shot up USD 5 vmad.gif mad.gif bangwall.gif

Localbitcoins and remitano stubbornly doesn't want to go below RM5k/btc. sweat.gif

Updates :Bitcoin emergency hard fork contigency plan : https://bitcointalk.org/index.php?topic=1831360.40

Looks like there's going to be BTC and BTU...... shakehead.gif

This post has been edited by kmarc: Mar 19 2017, 08:44 AM
TSwengherng
post Mar 19 2017, 03:14 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 19 2017, 06:52 AM)
Yes, that would change everything

Edit: the crazy guy who short DASH earlier gets liquidated.

You know the saying, the markets can remain bananas longer than you can remain solvent.

DASH Short got rekt
*
Poor fellow.
But then again, he could be one of those early adopters who have 12000 BTC in his account, so losing 120 BTC might mean nothing to him.
Who knows.
By the way, why do you say the flippening guarantees 70-80? Is there a source for this?

QUOTE(kmarc @ Mar 19 2017, 08:14 AM)
High risk high return. He should know the risk. Pity him though.

Anyway, ETH just don't want to be my friend. Was waiting for my transfer BTC from my airbitz wallet to Poloniex. In a matter of minutes, ETH shot up USD 5  vmad.gif  mad.gif  bangwall.gif

Localbitcoins and remitano stubbornly doesn't want to go below RM5k/btc.  sweat.gif

Updates :Bitcoin emergency hard fork contigency plan : https://bitcointalk.org/index.php?topic=1831360.40

Looks like there's going to be BTC and BTU...... shakehead.gif
*
I honestly don't care too much about which side wins.
Just as long as there is a final outcome and just get the hell on with it.
The current stalemate situation is not helping anyone.
Congratulations if you still have Dash......it seems that it just won't give up.
Although...I'm still glad I cashed out of it already.

This post has been edited by wengherng: Mar 19 2017, 03:17 PM
kmarc
post Mar 19 2017, 06:00 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 19 2017, 03:14 PM)
I honestly don't care too much about which side wins.
Just as long as there is a final outcome and just get the hell on with it.
The current stalemate situation is not helping anyone.
Congratulations if you still have Dash......it seems that it just won't give up.
Although...I'm still glad I cashed out of it already.
*
Yeah, they better sort it out soon. Not good for BTC.

Anyway, BTC trend showing there's not much hope for the 2nd ETF? Hope to get some BTC at lower prices tonight.
WooTz
post Mar 19 2017, 07:48 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 19 2017, 03:14 PM)
Poor fellow.
But then again, he could be one of those early adopters who have 12000 BTC in his account, so losing 120 BTC might mean nothing to him.
Who knows.
By the way, why do you say the flippening guarantees 70-80? Is there a source for this?
I honestly don't care too much about which side wins.
Just as long as there is a final outcome and just get the hell on with it.
The current stalemate situation is not helping anyone.
Congratulations if you still have Dash......it seems that it just won't give up.
Although...I'm still glad I cashed out of it already.
*
The dude opened a reddit thread, looks like this will be his last margin call. at least he'll hodl now and become much better off.

$70-80 is a conservative estimate, around 30% of BTC holder wouldn't capitulate post fork and would rather migrate to other coins.

Around 5 billion entering ETH would suck out liquidity and the price goes parabolic. some are suggesting four figure ETH which is total nonsense.

Edit: another bullish indicator for ETH, PoS researcher recommends slashing miner rewards to avoid similar case of BTC miners having too much power over their community.

https://twitter.com/VladZamfir/status/843445814420783105

Great for hodlers like myself!

This post has been edited by WooTz: Mar 19 2017, 11:22 PM
TSwengherng
post Mar 20 2017, 12:34 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 19 2017, 06:00 PM)
Yeah, they better sort it out soon. Not good for BTC.

Anyway, BTC trend showing there's not much hope for the 2nd ETF? Hope to get some BTC at lower prices tonight.
*
Yes, BTC is looking really cheap now.
Unfortunately, it's another one and a half weeks to pay day, so no more buying for me...... sad.gif
kmarc
post Mar 20 2017, 08:08 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 19 2017, 07:48 PM)
The dude opened a reddit thread, looks like this will be his last margin call. at least he'll hodl now and become much better off.

$70-80 is a conservative estimate, around 30% of BTC holder wouldn't capitulate post fork and would rather migrate to other coins.

Around 5 billion entering ETH would suck out liquidity and the price goes parabolic. some are suggesting four figure ETH which is total nonsense.

Edit: another bullish indicator for ETH, PoS researcher recommends slashing miner rewards to avoid similar case of BTC miners having too much power over their community.

https://twitter.com/VladZamfir/status/843445814420783105

Great for hodlers like myself!
*
Miners won't be happy. Would they have a say in this matter or even adopt the slash?

QUOTE(wengherng @ Mar 20 2017, 12:34 AM)
Yes, BTC is looking really cheap now.
Unfortunately, it's another one and a half weeks to pay day, so no more buying for me......  sad.gif
*
IMO, prices are not going anywhere because I think everybody now knows SEC is not going to approved the 2nd ETF. Maybe a bit of pumping but I think that's all. I have not bought any BTC recently as I'm still hoping the prices might drop a bit more. Draining my BTC reserves to buy altcoins instead. Hmmm... maybe I should
get a bit to trade for the upcoming pump (which may not occur!).
klthor
post Mar 20 2017, 09:29 AM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 08:08 AM)
Miners won't be happy. Would they have a say in this matter or even adopt the slash?
IMO, prices are not going anywhere because I think everybody now knows SEC is not going to approved the 2nd ETF. Maybe a bit of pumping but I think that's all. I have not bought any BTC recently as I'm still hoping the prices might drop a bit more. Draining my BTC reserves to buy altcoins instead. Hmmm... maybe I should
get a bit to trade for the upcoming pump (which may not occur!).
*
slashing reward for eth ? miner will switch over to substitute ETC i suppose. and when supply for eth drops, prices goes up and miner will come back.... however i have really bad feeling on eth price now, i was in eth since the price of 8usd ish and it rise to 22usd and then poof dao hack and drop back to 10usd ish and slowly getting it price up till 20usd and went crazy within 3days and stable at 40usd now..... bad feeling is, something is gonna happen and hammer down the price soon. i wish itcould reach 80 usd, profit is good smile.gif but based on my guess, its speculation and after speculate its profit realisation.....
kmarc
post Mar 20 2017, 09:58 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(klthor @ Mar 20 2017, 09:29 AM)
slashing reward for eth ? miner will switch over to substitute ETC i suppose. and when supply for eth drops, prices goes up and miner will come back.... however i have really bad feeling on eth price now, i was in eth since the price of 8usd ish and it rise to 22usd and then poof dao hack and drop back to 10usd ish and slowly getting it price up till 20usd and went crazy within 3days and stable at 40usd now..... bad feeling is, something is gonna happen and hammer down the price soon. i wish itcould reach 80 usd, profit is good smile.gif but based on my guess, its speculation and after speculate its profit realisation.....
*
If ETH were to crash, the problem is nobody knows when!!! Even for DASH, majority expected it to crash when it was around USD 50-60 due to supposedly weak fundamentals and a few other issues. However, it keeps on going up and up and up until all those shorts lost a lot of money.

I'm no expert in this but it's seems ETH is fundamentally better in many ways (wait for WooTZ to come!!!) compared to DASH. If dash can hit 100, why not ETH? My opinion only. wink.gif

Of course, also depends on individuals risk appetite. I'm in for the long run and aiming for 4 to 5 digits gain (which is only possible in cryptoland) so minor-moderate correction (of a good coin) is not really a problem for me. If we are only at the infancy stage of cryptocurrencies (which many believe, esp altcoins), the bull has much leg to run!!!! My aim is to collect many types of coins and HODL!!! Again my 0.00002 ETH opinion. biggrin.gif

Each should have their own strategy and do their own research. The only thing I would like to say is that there is never ever such an opportunity to earn a fortune than in cryptocurrencies for us normal working people. You could say, the chance of a lifetime and a very good chance at that! Of course, possibility of crash and burn is there. smile.gif I'm already a late comer and is only one month 6 days old! biggrin.gif

This post has been edited by kmarc: Mar 20 2017, 10:17 AM
klthor
post Mar 20 2017, 11:18 AM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 09:58 AM)
If ETH were to crash, the problem is nobody knows when!!! Even for DASH, majority expected it to crash when it was around USD 50-60 due to supposedly weak fundamentals and a few other issues. However, it keeps on going up and up and up until all those shorts lost a lot of money.

I'm no expert in this but it's seems ETH is fundamentally better in many ways (wait for WooTZ to come!!!) compared to DASH.  If dash can hit 100, why not ETH? My opinion only. wink.gif

Of course, also depends on individuals risk appetite. I'm in for the long run and aiming for 4 to 5 digits gain (which is only possible in cryptoland) so minor-moderate correction (of a good coin) is not really a problem for me. If we are only at the infancy stage of cryptocurrencies (which many believe, esp altcoins), the bull has much leg to run!!!! My aim is to collect many types of coins and HODL!!! Again my 0.00002 ETH opinion. biggrin.gif

Each should have their own strategy and do their own research. The only thing I would like to say is that there is never ever such an opportunity to earn a fortune than in cryptocurrencies for us normal working people. You could say, the chance of a lifetime and a very good chance at that! Of course, possibility of crash and burn is there. smile.gif I'm already a late comer and is only one month 6 days old! biggrin.gif
*
like u said, it all depends on ur risk appetite. oh and eth already doubled from 20 usd to 40usd now.... which i felt the cashing out might be very soon. fundamental wise, its all talk from fanboy.... most of the people buy/hold for speculation. 90% people out there do not know what eth can do or dash can do. there is no fundamental in crypto as far as i know.... every new coin claimed to be the next BTC by fanboy. but most of the alt coin arent worth to hold, if u join earlier... you might heard of zec which died within weeks....

This post has been edited by klthor: Mar 20 2017, 11:22 AM
kmarc
post Mar 20 2017, 11:33 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(klthor @ Mar 20 2017, 11:18 AM)
like u said, it all depends on ur risk appetite. oh and eth already doubled from 20 usd to 40usd now.... which i felt the cashing out might be very soon. fundamental wise, its all talk from fanboy.... most of the people buy/hold for speculation. 90% people out there do not know what eth can do or dash can do. there is no fundamental in crypto as far as i know.... every new coin claimed to be the next BTC by fanboy. but most of the alt coin arent worth to hold, if u join earlier... you might heard of zec which died within weeks....
*
For those promoting cryptos, I wouldn't go as far as calling them fanboys. Well, probably the 90% but not all. Blockchain is here to stay and its advantages is undeniable.

Agreed. That's why I call it crazy cryptoland where I need crazy strategy to navigate it!!! biggrin.gif
WooTz
post Mar 20 2017, 11:42 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(klthor @ Mar 20 2017, 09:29 AM)
slashing reward for eth ? miner will switch over to substitute ETC i suppose. and when supply for eth drops, prices goes up and miner will come back.... however i have really bad feeling on eth price now, i was in eth since the price of 8usd ish and it rise to 22usd and then poof dao hack and drop back to 10usd ish and slowly getting it price up till 20usd and went crazy within 3days and stable at 40usd now..... bad feeling is, something is gonna happen and hammer down the price soon. i wish itcould reach 80 usd, profit is good smile.gif but based on my guess, its speculation and after speculate its profit realisation.....
*
Read this first before saying it's speculation.

» Click to show Spoiler - click again to hide... «


I've been following all forms of fundamental trends around ETH for over a year now. Hashrate, address growth, redditor subscription and activity, developer growth and EEA style adoption etc.

But nothing screams flippening like seeing actual long time bitcoiners converting most if not all their coins to ETH.
klthor
post Mar 20 2017, 11:47 AM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 20 2017, 11:42 AM)
Read this first before saying it's speculation.

» Click to show Spoiler - click again to hide... «


I've been following all forms of fundamental trends around ETH for over a year now. Hashrate, address growth, redditor subscription and activity, developer growth and  EEA style adoption etc.

But nothing screams flippening like seeing actual long time bitcoiners converting most if not all their coins to ETH.
*
isnt this speculation ? it has nothing to do with what eth can be use as. just simple buying eth selling eth. this fella felt sad because he did not keep eth thats all. i couldnt even find a simple explanation in what u share, its just a sad story of a guy who didnt keep his eth. thats all. it proves that 90% of people hold eth for speculation, to gain. not to use it, so there is no fundamental talk it in.
klthor
post Mar 20 2017, 11:47 AM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
double posted. stupid mouse.

not to waste this post, the fundamental im looking for is people understand the usage of eth.... software companies using it as fuel, but when fuel become so expensive... do you still use it as fuel ?

This post has been edited by klthor: Mar 20 2017, 11:51 AM
WooTz
post Mar 20 2017, 12:01 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(klthor @ Mar 20 2017, 11:47 AM)
double posted. stupid mouse.

not to waste this post, the fundamental im looking for is people understand the usage of eth.... software companies using it as fuel, but when fuel become so expensive... do you still use it as fuel ?
*
Okay, this gets thrown out a lot.

ETH is programmable money, it is already better than Bitcoin today for transactions, it will become a better store of value once PoS is live. Just look at what DASH is doing with their masternodes.

The gas price dynamically adjusts to the price of Ether, even if each ETH is worth $10000 the fees will remain affordable.

Don't tell me Fortune 500 didn't do their due diligence before announcing an alliance. Their reputation is on the line you know?
klthor
post Mar 20 2017, 12:01 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
anyway, like i have said before. im one of those who benefited from higher eth price. i just felt tat it is not right to keep quiet while every1 rushing to eth like a gold mine. it can collapse anytime but at same time double or triple your money.... fundamental, there isnt any if you ask me. but if there is fundamental, the impact is extremely less because 90% of the people do not know what is eth. if fundamental matters, etc price should be more or less the same price as eth because it is the same thing (maybe i missed something as im not really a technical guy).
klthor
post Mar 20 2017, 12:09 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 20 2017, 12:01 PM)
Okay, this gets thrown out a lot.

ETH is programmable money, it is already better than Bitcoin today for transactions, it will become a better store of value once PoS is live. Just look at what DASH is doing with their masternodes.

The gas price dynamically adjusts to the price of Ether, even if each ETH is worth $10000 the fees will remain affordable.

Don't tell me Fortune 500 didn't do their due diligence before announcing an alliance. Their reputation is on the line you know?
*
the moment you said programmable money, it is out my understanding on eth. the fuel i mentioned is not the gas price to transferring eth around. the rest i will keep it as it is. but anyway, keep it this way... pump eth to a higher level.
klthor
post Mar 20 2017, 12:09 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
delete

This post has been edited by klthor: Mar 20 2017, 12:09 PM
WooTz
post Mar 20 2017, 12:11 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(klthor @ Mar 20 2017, 12:01 PM)
anyway, like i have said before. im one of those who benefited from higher eth price. i just felt tat it is not right to keep quiet while every1 rushing to eth like a gold mine. it can collapse anytime but at same time double or triple your money.... fundamental, there isnt any if you ask me. but if there is fundamental, the impact is extremely less because 90% of the people do not know what is eth. if fundamental matters, etc price should be more or less the same price as eth because it is the same thing (maybe i missed something as im not really a technical guy).
*
You see. you don't get it.

Stop looking at the price and try to understand where we're going with this tech.

This isn't about just a company, or a country or continent, this is planetary scale, and scalability allows billions to be a part of it.

A redditor mentioned this a few days back when we touched $55. Don't count your dollar profits/loses, focus on accumulating ETH as much as you can.

End of the day we don't need USD once the tech matures.

A house would be valued at 500 ETH for all we know.

Mainstream media will eventually report this once further advancements are made, the key is you grab some before the others.
klthor
post Mar 20 2017, 12:13 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 20 2017, 12:11 PM)
You see. you don't get it.

Stop looking at the price and try to understand where we're going with this tech.

This isn't about just a company, or a country or continent, this is planetary scale, and scalability allows billions to be a part of it.

A redditor mentioned this a few days back when we touched $55. Don't count your dollar profits/loses, focus on accumulating ETH as much as you can.

End of the day we don't need USD once the tech matures.

A house would be valued at 500 ETH for all we know.

Mainstream media will eventually report this once further advancements are made, the key is you grab some before the others.
*
a house will be value at 500 eth. you are using it as a currency instead of a fuel for software. anyway, i have achieve my objective. you guys out there, the day we do not need to use RM, USD had arrived. good luck my friends, turn all your RM into ETH before dooms day.
archangel22
post Mar 20 2017, 12:13 PM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(klthor @ Mar 20 2017, 11:47 AM)
isnt this speculation ? it has nothing to do with what eth can be use as. just simple buying eth selling eth. this fella felt sad because he did  not keep eth thats all. i couldnt even find a simple explanation in what u share, its just a sad story of a guy who didnt keep his eth. thats all. it proves that 90% of people hold eth for speculation, to gain. not to use it, so there is no fundamental talk it in.
*
Yes that's why I was trying to tell Wootz here. biggrin.gif

I'm fine investing in any other crypto, but until I find the use case of ETH, it's all papers. ETH devs keep on building infrastructure (EEA, forks, etc.) but no one actually using it, yet. Fine, there are some crypto enthusiasts willing to spend money and time trying it. But that happened in any kind of innovation, including Bitcoin. The difference now is that Bitcoin has been used for 8yrs.

And for Bitcoin, there's no PR, nor a person like Vitalik Buterin giving the call. Yes they build a consensus algorithm, but still Buterin is the single point of failure, both in crypto or physical world. What if his dad told him to buy Bitcoin, or his future wife is a maximalist bitcoiner. Maybe too ridiculous, but wait till something like that happen to that person. ETH to the very core/founder, is centralized.
kmarc
post Mar 20 2017, 12:17 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(klthor @ Mar 20 2017, 11:47 AM)
isnt this speculation ? it has nothing to do with what eth can be use as. just simple buying eth selling eth. this fella felt sad because he did  not keep eth thats all. i couldnt even find a simple explanation in what u share, its just a sad story of a guy who didnt keep his eth. thats all. it proves that 90% of people hold eth for speculation, to gain. not to use it, so there is no fundamental talk it in.
*
Humans practically speculate on everything they can get their hands on!!!! Sometimes I just wonder why nobody is doing anything about it but I guess when money is involved, nobody cares.

Anyway, to each its own. No need to fight! Whether you are right by pulling out or others are right by holding ETH doesn't matter. At the end of the day, I'm not going to brag if I'm right as it doesn't achieve anything. Let's all make money during this crazy times!!! biggrin.gif

This post has been edited by kmarc: Mar 20 2017, 12:18 PM
klthor
post Mar 20 2017, 12:19 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 12:17 PM)
Humans practically speculate on everything they can get their hands on!!!! Sometimes I just wonder why nobody is doing anything about it but I guess when money is involved, nobody cares.

Anyway, to each its own. No need to fight! Whether you are right by pulling out or others are right by holding ETH doesn't matter. At the end of the day, I'm not going to brag if I'm right as it doesn't achieve anything. Let's all make money during this crazy times!!! biggrin.gif
*
thats what im trying to say, dun get pulled in because of some 'fundamental' points. its all speculation AKA gamble.
klthor
post Mar 20 2017, 12:19 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
delete

This post has been edited by klthor: Mar 20 2017, 12:19 PM
WooTz
post Mar 20 2017, 12:20 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(klthor @ Mar 20 2017, 12:13 PM)
a house will be value at 500 eth. you are using it as a currency instead of a fuel for software. anyway, i have achieve my objective. you guys out there, the day we do not need to use RM, USD had arrived. good luck my friends, turn all your RM into ETH before dooms day.
*
Nope, I never once mention all into ETH, but zero in ETH at this point is unfortunate.

Don't be a maximalist and try to learn it at your pace.

Archangel also, time is running short.

This post has been edited by WooTz: Mar 20 2017, 12:21 PM
kmarc
post Mar 20 2017, 12:22 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(klthor @ Mar 20 2017, 12:19 PM)
thats what im trying to say, dun get pulled in because of some 'fundamental' points. its all speculation AKA gamble.
*
Hehe, I posted earlier in the thread. I AM actually sort of "gambling" but it is only up to 10% of my total investments. wink.gif My high risk high return portfolio. Definitely won't put too much in cryptos. wink.gif

This post has been edited by kmarc: Mar 20 2017, 12:26 PM
WooTz
post Mar 20 2017, 12:28 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(archangel22 @ Mar 20 2017, 12:13 PM)
Yes that's why I was trying to tell Wootz here. biggrin.gif

I'm fine investing in any other crypto, but until I find the use case of ETH, it's all papers. ETH devs keep on building infrastructure (EEA, forks, etc.) but no one actually using it, yet. Fine, there are some crypto enthusiasts willing to spend money and time trying it. But that happened in any kind of innovation, including Bitcoin. The difference now is that Bitcoin has been used for 8yrs.

And for Bitcoin, there's no PR, nor a person like Vitalik Buterin giving the call. Yes they build a consensus algorithm, but still Buterin is the single point of failure, both in crypto or physical world. What if his dad told him to buy Bitcoin, or his future wife is a maximalist bitcoiner. Maybe too ridiculous, but wait till something like that happen to that person. ETH to the very core/founder, is centralized.
*
Circle and alphabay is using it tho. Bitpay will also eventually capitulate.

Still papers meh?

And bitcoiners gradually stop using it this month, that's why mempool so chill, all run off elsewhere liao.

Don't be emotional when the transition occurs, think why it's happening now.

Why miners chill during 2012-2016, then now suddenly rushing to fork and core vs btu began?
klthor
post Mar 20 2017, 12:38 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 20 2017, 12:28 PM)
Circle and alphabay is using it tho. Bitpay will also eventually capitulate.

Still papers meh?

And  bitcoiners gradually stop using it this month, that's why mempool so chill, all run off elsewhere liao.

Don't be emotional when the transition occurs, think why it's happening now.

Why miners chill during 2012-2016, then now suddenly rushing to fork and core vs btu began?
*
mining is extremely profitable around late 2015 to early 2016 before dao hack. even eth at 40usd cant even get half of what i earn in early 2016. i believe in dao, but ended up being silly (i still have a few of them, do you want it?) . from there i learn we can not believe 100% on what the dev said as we have min knowledge on everything. including what is dao, what is eth, wat it can do and dev never going to tell us the weaknesses of the coin. or maybe they dont even know the weaknesses that is why dao hack happens (which is not really a hack, some1 just abuse the weaknesses within dao). eth never meant to be a currency, it is a fuel to begin with.
WooTz
post Mar 20 2017, 12:48 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(klthor @ Mar 20 2017, 12:38 PM)
mining is extremely profitable around late 2015 to early 2016 before dao hack. even eth at 40usd cant even get half of what i earn in early 2016. i believe in dao, but ended up being silly (i still have a few of them, do you want it?) . from there i learn we can not believe 100% on what the dev said as we have min knowledge on everything. including what is dao, what is eth, wat it can do and dev never going to tell us the weaknesses of the coin. or maybe they dont even know the weaknesses that is why dao hack happens (which is not really a hack, some1 just abuse the weaknesses within dao). eth never meant to be a currency, it is a fuel to begin with.
*
We have had formal verifications since then, google if you're curious, we will get another DAO eventually, with escape hatches and all. It's programmable money, it can be anything it wants, keys to car, house, locker also can.

Please research further on smart contracts.
klthor
post Mar 20 2017, 12:56 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 20 2017, 12:48 PM)
We have had formal verifications since then, google if you're curious, we will get another DAO eventually, with escape hatches and all. It's programmable money, it can be anything it wants, keys to car, house, locker also can.

Please research further on smart contracts.
*
nah i dun need uncle google to teach me what is eth, i know what a smart contract is and what it does. i used to be a fan boy, but now im a casual guy. eth promises to go POS (and delayed over and over again) which is what i used to think wow thats great... but now, i think POS will create even more problems (do not ask me why, its hard to explain to fan boys). so which alt coins give me more profit i will go to them aka mere speculation method. if they re-announce dao, i will jump in for a few if the price is ok. but again, its mere speculation and gamble again.... not believing in dao can make the world runs on itself.
WooTz
post Mar 20 2017, 01:08 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(klthor @ Mar 20 2017, 12:56 PM)
nah i dun need uncle google to teach me what is eth, i know what a smart contract is and what it does. i used to be a fan boy, but now im a casual guy. eth promises to go POS (and delayed over and over again) which is what i used to think wow thats great... but now, i think POS will create even more problems (do not ask me why, its hard to explain to fan boys). so which alt coins give me more profit i will go to them aka mere speculation method. if they re-announce dao, i will jump in for a few if the price is ok. but again, its mere speculation and gamble again.... not believing in dao can make the world runs on itself.
*
Ok man. Just be sure to diversify.
kmarc
post Mar 20 2017, 01:22 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(klthor @ Mar 20 2017, 12:56 PM)
nah i dun need uncle google to teach me what is eth, i know what a smart contract is and what it does. i used to be a fan boy, but now im a casual guy. eth promises to go POS (and delayed over and over again) which is what i used to think wow thats great... but now, i think POS will create even more problems (do not ask me why, its hard to explain to fan boys). so which alt coins give me more profit i will go to them aka mere speculation method. if they re-announce dao, i will jump in for a few if the price is ok. but again, its mere speculation and gamble again.... not believing in dao can make the world runs on itself.
*
Cool. Are you targeting any altcoins at the moment?
WooTz
post Mar 20 2017, 02:28 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 20 2017, 01:22 PM)
Cool. Are you targeting any altcoins at the moment?
*
Edit:

Oops, scratch that. Qtum seems sketchy as heck.



This post has been edited by WooTz: Mar 20 2017, 02:56 PM
klthor
post Mar 20 2017, 02:29 PM

Look at all my stars!!
*******
Senior Member
5,469 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 01:22 PM)
Cool. Are you targeting any altcoins at the moment?
*
actually, the current situation isnt good for btc...and all atl coins are linked to btc except for a few which trade directly to USD. i will go for those which can directly trade to USD. investing in cryto from malaysia includes lot of 'variables', so try to minimised these 'variables'.... example, RM to USD, USD to BTC, BTC to crypto. its a double edge sword anyway. at least i would prefer those which can turn into usd without going tru BTC market.
kmarc
post Mar 20 2017, 03:42 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 20 2017, 02:28 PM)
Edit:

Oops, scratch that. Qtum seems sketchy as heck.
*
I saw it! tongue.gif


QUOTE(klthor @ Mar 20 2017, 02:29 PM)
actually, the current situation isnt good for btc...and all atl coins are linked to btc except for a few which trade directly to USD. i will go for those which can directly trade to USD. investing in cryto from malaysia includes lot of 'variables', so try to minimised these 'variables'.... example, RM to USD, USD to BTC, BTC to crypto. its a double edge sword anyway. at least i would prefer those which can turn into usd without going tru BTC market.
*
Ermmm... don't understand. Why would linking to BTC be bad? Even if BTC dropped to USD 100, can still convert to BTC then to MYR. The problem is MYR can't be used to buy any altcoins!! For MYR to USD, also the hassle of conversion unless you have foreign currency account or earning USD.

Can you give an example of what coins you are talking about and how to go about acquiring those coins?
TSwengherng
post Mar 20 2017, 04:52 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 03:42 PM)
I saw it! tongue.gif
Ermmm... don't understand. Why would linking to BTC be bad? Even if BTC dropped to USD 100, can still convert to BTC then to MYR. The problem is MYR can't be used to buy any altcoins!! For MYR to USD, also the hassle of conversion unless you have foreign currency account or earning USD.

Can you give an example of what coins you are talking about and how to go about acquiring those coins?
*
When you add one additional link in between, you are introducing another variable in the equation.
True, you can easily convert your fiat currency to any altcoin via BTC, but you have to first consider the forex rate between MYR/USD, then consider the buy/sell spread between USD/BTC, and then another buy/sell spread between BTC/altcoin.
Which means you have already lost three times in the spread, even before you get your altcoins.
But, I suppose in Malaysia, your choices are severely limited.
Where I am now, I can deposit the local currency to a local exchange, and purchase ETH directly, so that's good, but still no other choice if I need to purchase other altcoins like XMR, etc.


1wildcat1
post Mar 20 2017, 08:17 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
Terrible liquidity and prices on xbitasia and luno...
-CoupeFanatic-
post Mar 20 2017, 08:22 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(1wildcat1 @ Mar 20 2017, 08:17 PM)
Terrible liquidity and prices on xbitasia and luno...
*
adoption in malaysia is too low, plus KYC regulations not as lenient.

few more years hopefully more bitcoiners in malaysia using the platform
kmarc
post Mar 20 2017, 08:39 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 20 2017, 04:52 PM)
When you add one additional link in between, you are introducing another variable in the equation.
True, you can easily convert your fiat currency to any altcoin via BTC, but you have to first consider the forex rate between MYR/USD, then consider the buy/sell spread between USD/BTC, and then another buy/sell spread between BTC/altcoin.
Which means you have already lost three times in the spread, even before you get your altcoins.
But, I suppose in Malaysia, your choices are severely limited.
Where I am now, I can deposit the local currency to a local exchange, and purchase ETH directly, so that's good, but still no other choice if I need to purchase other altcoins like XMR, etc.
*
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. vmad.gif 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....... sweat.gif

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

QUOTE(1wildcat1 @ Mar 20 2017, 08:17 PM)
Terrible liquidity and prices on xbitasia and luno...
*
Luno too? So bad...... shakehead.gif

This post has been edited by kmarc: Mar 20 2017, 08:40 PM
WooTz
post Mar 20 2017, 09:17 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
GDAX adds margin trading for BTC, ETH and LTC.

Nice!
1wildcat1
post Mar 20 2017, 09:22 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 08:39 PM)
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.  vmad.gif 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.......  sweat.gif

Yup, that's the main problem, "in Malaysia, your choices are severely limited".  cry.gif  cry.gif  cry.gif
Luno too? So bad......  shakehead.gif
*
Yup, xbitasia is dead while luno has sky high prices sad.gif

This post has been edited by 1wildcat1: Mar 20 2017, 09:25 PM
kmarc
post Mar 20 2017, 10:14 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 20 2017, 09:17 PM)
GDAX adds margin trading for BTC, ETH and LTC.

Nice!
*
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? hmm.gif

QUOTE(1wildcat1 @ Mar 20 2017, 09:22 PM)
Yup, xbitasia is dead while luno has sky high prices sad.gif
*
Shucks. Looks like I have to stick to localbitcoins and remitano for now. dry.gif
TSwengherng
post Mar 20 2017, 11:41 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 20 2017, 09:17 PM)
GDAX adds margin trading for BTC, ETH and LTC.

Nice!
*
I wouldn't touch margin trading with a 10-foot pole.
But great for those who do.
1wildcat1
post Mar 20 2017, 11:45 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 20 2017, 10:14 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?  hmm.gif
Shucks. Looks like I have to stick to localbitcoins and remitano for now.  dry.gif
*
Both lbc and remitano has crap prices too... sigh
WooTz
post Mar 21 2017, 09:11 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 20 2017, 11:41 PM)
I wouldn't touch margin trading with a 10-foot pole.
But great for those who do.
*
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
kmarc
post Mar 21 2017, 09:33 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(1wildcat1 @ Mar 20 2017, 11:45 PM)
Both lbc and remitano has crap prices too... sigh
*
Occasionally can get good prices but not recently. I prefer localbitcoin as you can communicate with the seller first before transferring money.
TSwengherng
post Mar 21 2017, 10:27 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 21 2017, 09:33 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?
1wildcat1
post Mar 21 2017, 10:38 AM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
QUOTE(wengherng @ Mar 21 2017, 10:27 AM)
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
kmarc
post Mar 21 2017, 11:09 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 21 2017, 10:27 AM)
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?
*
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
TSwengherng
post Mar 21 2017, 11:44 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(1wildcat1 @ Mar 21 2017, 10:38 AM)
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
*
That's even higher than using XBit Asia or Luno. blink.gif
I think I'll just continue using the exchanges for my sales.
kmarc
post Mar 21 2017, 04:34 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
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
TSwengherng
post Mar 21 2017, 05:59 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 21 2017, 04:34 PM)
The reason why altcoins are gaining : Bitcoin Falls to Lowest Share of Cryptocurrency Market, Altcoins Surge

https://cointelegraph.com/news/bitcoin-fall...-altcoins-surge
*
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.
kmarc
post Mar 21 2017, 06:17 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 21 2017, 05:59 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!!!! rclxm9.gif rclxm9.gif rclxm9.gif

This post has been edited by kmarc: Mar 21 2017, 10:00 PM
TSwengherng
post Mar 21 2017, 11:08 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 21 2017, 06:17 PM)
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!!!!  rclxm9.gif  rclxm9.gif  rclxm9.gif
*
I'm considering getting one myself.
Or a Ledger Nano S.
Need to keep my altcoins secure too.
kmarc
post Mar 22 2017, 08:08 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 21 2017, 11:08 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.
1wildcat1
post Mar 22 2017, 10:52 AM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
Sellers selling at market price for now on xbitasia, that's good news! Hope it lasts.
kmarc
post Mar 22 2017, 03:25 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(1wildcat1 @ Mar 22 2017, 10:52 AM)
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!
WooTz
post Mar 22 2017, 03:25 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
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
1wildcat1
post Mar 22 2017, 03:26 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 22 2017, 03:25 PM)
Nice! Now the inconvenience of transferring money over, emailing them the proof and waiting 2 business days. Inconvenient!
*
If you email them during the day via the support button on the website, they credit pretty quickly. My experience has been less than a business day!
kmarc
post Mar 22 2017, 06:09 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 22 2017, 03:25 PM)
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
*
Cool. Thinking of adding a bit more ETH tonight.... and maybe.... another... altcoin.... sweat.gif

QUOTE(1wildcat1 @ Mar 22 2017, 03:26 PM)
If you email them during the day via the support button on the website, they credit pretty quickly. My experience has been less than a business day!
*
So fast? Hmmm.... will probably try it out these few days. Thx for the info. smile.gif
TSwengherng
post Mar 22 2017, 10:44 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 22 2017, 03:25 PM)
Nice! Now the inconvenience of transferring money over, emailing them the proof and waiting 2 business days. Inconvenient!
*
I never had to wait for 2 business days.
Usually I transfer in the evening or at night, and receive an email the next morning, confirming that my account has been credited.
So far they have been very efficient.
kmarc
post Mar 22 2017, 10:50 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 22 2017, 10:44 PM)
I never had to wait for 2 business days.
Usually I transfer in the evening or at night, and receive an email the next morning, confirming that my account has been credited.
So far they have been very efficient.
*
Good to hear that. I though I saw the info in their website. Probably "maximum" 2 working days. biggrin.gif

Damn, I want to start writing a guide on cryptos but everyday my eyes are glued to Poloniex's blinking numbers, red bars and green bars..... sweat.gif
TSwengherng
post Mar 22 2017, 11:07 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 22 2017, 10:50 PM)
Good to hear that. I though I saw the info in their website. Probably "maximum" 2 working days.  biggrin.gif

Damn, I want to start writing a guide on cryptos but everyday my eyes are glued to Poloniex's blinking numbers, red bars and green bars.....  sweat.gif
*
Unfortunately, the problem is that they don't work on weekends, so you can get any crediting on Saturdays or Sundays.
Which sucks if you are in a hurry to buy during a dip.
kmarc
post Mar 23 2017, 07:53 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 22 2017, 11:07 PM)
Unfortunately, the problem is that they don't work on weekends, so you can get any crediting on Saturdays or Sundays.
Which sucks if you are in a hurry to buy during a dip.
*
Ya, not 24/7 like cryptos. inconvenient! Funds have to be parked inside to be readily available to buy in.

Wow! Localbitcoin and remitano this morning selling for more than 10% premium. Last night couldn't get good prices either. mad.gif
sirxl
post Mar 23 2017, 08:21 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
Grab your Bloktex ticket early before its sold out.

Meet Craig MacGregor, lead developer for Navcoin in person.

NAV has risen 50% in price (6000 sats) the last 3 weeks, see https://poloniex.com/exchange#btc_nav

NAV coin, holds the auspicious title of the world's first fully anonymous cryptocurrency.

Speaker: Craig MacGregor, CEO

Speaker brief: CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.

Topic: Exploring the Technology Inside Private Cryptocurrencies

#bloktex2017

DATE; 8/9 APRIL 2017
Tickets: http://bloktex.com/conference/

Use code: CLBLOKTEXMY17
to get 5% off the Conference tickets

Attached Image
sirxl
post Mar 23 2017, 08:23 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 22 2017, 10:50 PM)
my eyes are glued to Poloniex's blinking numbers, red bars and green bars.....  sweat.gif
*
haha I used to have that problem, now I prefer to go out and smell the flowers.
WooTz
post Mar 23 2017, 08:27 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
Following up after margin trading, now Coinbase/GDAX is opening up to New York customers today

Home to 390,000 millionaires, expect wilder price movements!
-CoupeFanatic-
post Mar 23 2017, 09:06 AM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(kmarc @ Mar 22 2017, 06:09 PM)
Cool. Thinking of adding a bit more ETH tonight.... and maybe.... another... altcoin....  sweat.gif

*
Looks like you're addicted to crypto bro smile.gif rclxms.gif

Becareful not to be too hooked, and be another margin call victim*touchwood*
kmarc
post Mar 23 2017, 09:38 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 23 2017, 08:21 AM)
Grab your Bloktex ticket early before its sold out.

Meet Craig MacGregor, lead developer for Navcoin in person.

NAV has risen 50% in price (6000 sats) the last 3 weeks, see https://poloniex.com/exchange#btc_nav

NAV coin, holds the auspicious title of the world's first fully anonymous cryptocurrency.

Speaker: Craig MacGregor, CEO

Speaker brief: CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.

Topic: Exploring the Technology Inside Private Cryptocurrencies

#bloktex2017

DATE; 8/9 APRIL 2017
Tickets: http://bloktex.com/conference/

Use code: CLBLOKTEXMY17
to get 5% off the Conference tickets

Attached Image
*
Nice. I bought a bit last night which needs to grow 100000% to be considered a nice profit. biggrin.gif

What do you think of Navcoin? On paper looks good. Good to accumulate?

QUOTE(sirxl @ Mar 23 2017, 08:23 AM)
haha I used to have that problem, now I prefer to go out and smell the flowers.
*
Check prices and charts on computer and phone whenever I'm free. cry.gif Luckily I don't allow myself to log-in to Poloniex on my handphone or when I'm at work.

QUOTE(WooTz @ Mar 23 2017, 08:27 AM)
Following up after margin trading, now Coinbase/GDAX is opening up to New York customers today

Home to 390,000 millionaires, expect wilder price movements!
*
Expect more money to be poured into cryptos!!!!

QUOTE(-CoupeFanatic- @ Mar 23 2017, 09:06 AM)
Looks like you're addicted to crypto bro smile.gif  rclxms.gif

Becareful not to be too hooked, and be another margin call victim*touchwood*
*
I'm addicted. Exciting to see double to triple digit percentage swings with overall rise in prices most of the time. From my crude observations, it seems that the general trend of most altcoins is up. I guess because money is pouring in and cryptos are in the bullrun stage. Compared to the stock market, the stock market feels like a tamed tiger. No worries and thx for the advice. I'm still a 90% low risk and a 10% crypto-crazy investor. biggrin.gif Never did or intending to do margin trading because I know I will lose money. wink.gif

Oh ya, also fun lending out coins!!!

This post has been edited by kmarc: Mar 23 2017, 10:20 AM
jack2
post Mar 23 2017, 10:25 AM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(wengherng @ Mar 21 2017, 10:27 AM)
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?
*
QUOTE(1wildcat1 @ Mar 21 2017, 10:38 AM)
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
*
QUOTE(kmarc @ Mar 21 2017, 11:09 AM)
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.
*
Peer to peer exchange is a bit dangerous if you didn't know if the seller is scammer?
-CoupeFanatic-
post Mar 23 2017, 10:28 AM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(jack2 @ Mar 23 2017, 10:25 AM)
Peer to peer exchange is a bit dangerous if you didn't know if the seller is scammer?
*
bitsquare's mechanics has it covered.
kmarc
post Mar 23 2017, 11:43 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(jack2 @ Mar 23 2017, 10:25 AM)
Peer to peer exchange is a bit dangerous if you didn't know if the seller is scammer?
*
True. I only trade with those who have done multiple trades and has good feedbacks. Besides, if any dispute, the BTC is held in escrow until everything resolved. That's why I prefer localbitcoin as I can communicate with the seller during trade. Also prefer those who provide phone numbers.

Even when I buy Bitcoins, I will triple check to ensure I transfer the correct amount of money. I'm afraid I send the wrong amount and seller refuse to release the BTC. With ability to communicate, can just say sorry and send the balance.

In addition, localbitcoins allow sending images so in any dispute, can send screenshots of transfer, etc.

This post has been edited by kmarc: Mar 23 2017, 11:48 AM
kmarc
post Mar 23 2017, 06:18 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Ok, I better stop procrastinating and start on the guide to complement those in v1.

In progress........

A friendly warning before you proceed
If you're new to cryptocurrencies, then welcome to the world of cryptocurrencies!!! Before you proceed further, if your intention is to invest in cryptocurrencies, please be informed that cryptocurrencies are VERY high-risk high-return investments. If you have the money, you can earn a lot but you can also lose all and CRASH & BURN! You need to do your own research and make up your own strategy including the important exit strategy i.e. when to cut loss.

In general, for safe conservative investors, it is advisable to only allocate 10% of your funds to high-risk instruments such as cryptocurrencies.

Enter AT YOUR OWN RISK and if you lose your money, it is NOBODY's fault but yours! You have been warned!

With that out of the way, let's begin! rclxm9.gif

How to buy cryptocurrencies (bitcoins and altcoins) in Malaysia (using MYR)?

Note : This guide doesn't cover obtaining cryptocurrencies through mining.

In Malaysia, using MYR, there are limited options to buying bitcoins (BTC). Unfortunately, at the moment, altcoins can only be acquired using BTC.

Let's start with buying BTC.

You can buy bitcoins from these platforms (click to go to the website):
1) Localbitcoins
2) Remitano
3) Xbit Asia
4) Luno

Do note that BTC prices in these websites are generally more expensive but you can sometimes get a good price if the seller is desperate to sell.

Important : If you use any of the websites, it is of utmost important to activate 2-factor authentication (2FA) for better security.

Localbitcoins
- Peer-to-peer exchange (P2P) where the website serves as a platform for you to deal directly with a seller (or buyer)

- Since you are dealing with a stranger, it is very important to :
----- a) Deal with verified trader who has very good reputation/feedbacks and has done many deals. You can check -------------- their profile by clicking on their ID.
----- b) Ensure they are online
----- c) Read the traders terms & conditions before you trade
----- c) Ensure you can do instant bank transfer especially for different banks and ensure instant interbank transfer is -------------- instant! I usually prefer using the same bank to avoid delays.

- the good thing about localbitcoins is that you can send messages (and pictures if needed) during your trade. Say you want to buy 1.0 BTC, you click the "Buy" button, indicate the amount you want to buy, and type the message. I usually type something like "Wanna buy BTC. Can proceed?" and wait for them to respond.

- once you have transferred the money, you have to click on the "I have paid the seller" button. The seller will be automatically notified and will release the BTC when he confirms the money is in his bank account. You must NEVER accidentally press the "Cancel trade" button when you have already transferred the money or you will lose your hard-earned cash!!! The "Cancel trade" button is only used when you really want to cancel the trade and have not transferred any money.

- for safety purposes, once you initiate a trade, the BTC is kept in escrow (kept by the website) until the trade is complete. In the event that there are problems with the trade, the BTC will be held until the issue is resolved.

- your BTC is kept in the websites BTC wallet

Remitano
- P2P exchange

- operates similarly to localbitcoins except you can't communicate with the seller

- your BTC is also kept in the website's BTC wallet.

Xbit asia exchange
- (never use, need more input)

- Xbit asia is a bit different as you need to transfer money directly into your "account" in Xbit asia before you can buy BTC.

- Transfer of money is not instantaneous. You need to bank in money to Xbit asia's designated bank account and then email them the evidence. Once the staff confirms your bank in, it will be made available in your "account" and you can then buy BTC. Confirmation can be quite fast but only occur during working hours and working days.

- The disadvantage of xbit is that there are not many buyers/sellers.

- your BTC is kept in the website's BTC wallet


Luno
- (no experience, need input)

How to buy altcoins?
As previously mentioned, at the moment, there's no way to buy altcoins using MYR. You have to buy BTC and send your BTC to an exchange that can convert BTC to altcoins.

There are many exchanges available. Take a look at this link : https://www.cryptocompare.com/coins/btc/markets/USD

You can use any exchange but different exchanges have different altcoins. Some unique ones worth mentioning are as below (click to go to the website):

Note : As of 23/3/2017

1) Poloniex
- Poloniex is the only exchange that carries MANY altcoins. At the last count, around the figure of 80 types of coins!!!

2) Bitfenix
- currently the largest exchange in terms of volume
- only carries Bitcoin, Ethereum (ETH), Ethereum Classic (ETC), Zcash (ZEC), Monero (XMR), Litecoin (LTC), and Dash.

3) GDAX
- carries BTC, ETH, LTC

4) Shapeshift
- a unique platform where you can easily convert cryptocurrencies into the ones you want. With fees of course.

Personally, if you want to acquire lots of different types of coins, Poloniex would be the best platform for this.

Where should I keep my BTC and altcoins?
Yay! You bought your first BTC or your first altcoin. If you plan to hoard coins with high net worth, it is important to keep them in a safe place.

Here are some articles on coin wallets:
https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/
https://99bitcoins.com/best-bitcoin-wallet-...parison-review/
http://www.hongkiat.com/blog/bitcoin-wallets/

In general, you would want to keep your coins out of reach of hackers and the best way to do that is to keep it offline i.e. your coins are not connected to the internet. Hardware wallet is a very good option.

Currently, there are two hardware wallets that are popular:
1) Trezor - https://shop.trezor.io/
- supports BTC, ETH, ETC, LTC, ZCash, Dogecoin, Dash, Namecoin and Testnet

2) Ledger nano S - https://www.ledgerwallet.com/products/ledger-nano-s
- supports BTC, ETH, ETC, LTC, ZCash, Dogecoin, Dash and Stratis

The only problem is that it is quite difficult to get these wallets locally as cryptocurrencies are still not popular in Malaysia. Probably easier next time when it becomes more popular here.

Sending bitcoins/altcoins to exchanges/addresses and wallets
There are a few things you have to keep in mind when you transfer cryptocurrencies:
1) It is not instantaneous. It may take a few minutes to hours!
- take a look at BTC's confirmation time : https://blockchain.info/charts/avg-confirmation-time
- there's a whole lot of issues on this but it is hoped that the long confirmation time will be resolved soon

2) Ensure the address is correct
- This is VERY important. If you send to the wrong address, you may lose the coins!

3) Ensure the address is correct for the type of coin
- Also very important. You CANNOT send BTC to an ETH address. Altcoins addresses are not compatible with each other

4) There's a transfer fee for all transfers but it is usually negligible.

5) You can always track your transfer. Just enter your receiving address into the link and you will be able to see the status of the transfer : https://blockchain.info/

What is the current price of BTC or altcoins?
There's a lot of ways to check the prices. www.cryptocompare.com is one of the best sites where you can see:
- prices of any coins across different exchanges : https://www.cryptocompare.com/coins/btc/markets/USD
- overall prices of coins : https://www.cryptocompare.com/coins/#/usd
- and much much more! Explore the website to see the wealth of information it provides.




fees
prices

This post has been edited by kmarc: Mar 23 2017, 11:35 PM
TSwengherng
post Mar 24 2017, 12:33 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 23 2017, 06:18 PM)
Ok, I better stop procrastinating and start on the guide to complement those in v1.

*
I'm very impressed......this was a pretty well written guide. thumbsup.gif
I have taken the liberty to correct some typo errors and added in some minor elaboration, and added the entire article into the first page.
WooTz
post Mar 24 2017, 06:57 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 23 2017, 06:18 PM)
Ok, I better stop procrastinating and start on the guide to complement those in v1.

» Click to show Spoiler - click again to hide... «


Good effort!

I'd would recommend a list of features of each coin, like total supply, issuance, and block times! Ethereum is very fast! Like 30 seconds for decent confirmation, at only $0.02.

Another good advice is a news section with links on development of each coin.

Like today Storj just migrated to ETH chain!

Edit: I don't recommend relying this on trades, but it's a cool way to spot price trends.

Whenever it says long, price is going up, if it says short, the price is diving.

Crypto bot on twitter

This post has been edited by WooTz: Mar 24 2017, 07:10 AM
kmarc
post Mar 24 2017, 08:13 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 24 2017, 12:33 AM)
I'm very impressed......this was a pretty well written guide.  :thumbsup:
I have taken the liberty to correct some typo errors and added in some minor elaboration, and added the entire article into the first page.
*
Thx. Yes, please add some more! biggrin.gif

Hope to get suggestions and contribution from others too!

I'm almost finished. Will post the last bits later on. smile.gif

QUOTE(WooTz @ Mar 24 2017, 06:57 AM)
[/spoiler]

Good effort!

I'd would recommend a list of features of each coin, like total supply, issuance, and block times! Ethereum is very fast! Like 30 seconds for decent confirmation, at only $0.02.

Another good advice is a news section with links on development of each coin.

Like today Storj just migrated to ETH chain!

Edit: I don't recommend relying this on trades, but it's a cool way to spot price trends.

Whenever it says long, price is going up, if it says short, the price is diving.

Crypto bot on twitter
*
Was thinking about that too but that would make the guide too bloated. I have a tendency to do that so I try to keep it short this time. However, I think providing links to the coin's website and coin's news would be better. I can do that in the 2nd post as it is my post. I guess we only do for major coin's?

Please provide important links and I will update on the 2nd post. First post we will reserve for the guide which wengherng has to maintain. Haha. wink.gif

Say, what's the implication for Storjcoin if it migrates? I bought a bit of Siacoin which seems to function like this coin. Was actually thinking of getting some of storjcoin when it started shooting up.

This post has been edited by kmarc: Mar 24 2017, 08:18 AM
WooTz
post Mar 24 2017, 10:41 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 24 2017, 08:13 AM)
Thx. Yes, please add some more! biggrin.gif

Hope to get suggestions and contribution from others too!

I'm almost finished. Will post the last bits later on. smile.gif
Was thinking about that too but that would make the guide too bloated. I have a tendency to do that so I try to keep it short this time. However, I think providing links to the coin's website and coin's news would be better. I can do that in the 2nd post as it is my post.  I guess we only do for major coin's?

Please provide important links and I will update on the 2nd post. First post we will reserve for the guide which wengherng has to maintain. Haha. wink.gif

Say, what's the implication for Storjcoin if it migrates? I bought a bit of Siacoin which seems to function like this coin. Was actually thinking of getting some of storjcoin when it started shooting up.
*
It's not about Storj's functionalities that mattered the most, it's their reason for the switch. The fees are getting unsustainable and they finally picked another chain.

This is enough for some bitcoiners to throw in the towel and convert to ETH, thus the flippening continues on.
syirbiznatch
post Mar 24 2017, 11:20 AM

On my way
****
Senior Member
549 posts

Joined: Jan 2009
So far, is it worth it to invest in this crypto world? quiet scary if you ask me
sirxl
post Mar 24 2017, 11:24 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(syirbiznatch @ Mar 24 2017, 11:20 AM)
So far, is it worth it to invest in this crypto world? quiet scary if you ask me
*
why is it scary ?

"Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering."
Yoda.
syirbiznatch
post Mar 24 2017, 11:29 AM

On my way
****
Senior Member
549 posts

Joined: Jan 2009
QUOTE(sirxl @ Mar 24 2017, 11:24 AM)
why is it scary ?

"Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering."
Yoda.
*
Out of curiosity, will there be any problem when someone hacked our 'floating' money?
sirxl
post Mar 24 2017, 12:59 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(syirbiznatch @ Mar 24 2017, 11:29 AM)
Out of curiosity, will there be any problem when someone hacked our 'floating' money?
*
Users usually get hacked when they leave passwords in unsecure areas like their email accounts, forget to enable 2FA, passwords written on a piece of paper and placed on the table etc.

Please educate yourself on IT security management and it should be fine.
-CoupeFanatic-
post Mar 24 2017, 02:57 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
kmarc nice post. Thanks for the heads up! smile.gif
sirxl
post Mar 24 2017, 04:36 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 24 2017, 12:33 AM)
I'm very impressed......this was a pretty well written guide.  thumbsup.gif
I have taken the liberty to correct some typo errors and added in some minor elaboration, and added the entire article into the first page.
*
Kudos to kmarc for the V1 guide, very useful for newbies.
As for Luno (formerly BitX) , I've been using them since 2014, definitely one of the best exchanges in Malaysia.

This post has been edited by sirxl: Mar 24 2017, 05:33 PM
WooTz
post Mar 24 2017, 06:14 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(syirbiznatch @ Mar 24 2017, 11:20 AM)
So far, is it worth it to invest in this crypto world? quiet scary if you ask me
*
Here's a tip, when you start going down the rabbit hole, you only put in an amount you're willing to let go.

"Oh I lost RM100, oh well"

You keep doing this every week/month while tracking your cost, if the price dives, you just watch only, don't do anything, it'll always return as long as the system isn't in danger.

If it rises significantly, like say +50%, you take profit and earn back your cost. Then you resume the buying schedule.

I've been doing this since August 2015 and I've never lost anything at all, just regret didn't save more whenever I can.

Be sure to safeguard your coins, if you don't want to spend money on hardware wallets, then you need to learn how to setup a paper wallet.
kmarc
post Mar 24 2017, 07:30 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 24 2017, 10:41 AM)
It's not about Storj's functionalities that mattered the most, it's their reason for the switch. The fees are getting unsustainable and they finally picked another chain.

This is enough for some bitcoiners to throw in the towel and convert to ETH, thus the flippening continues on.
*
Interesting. Makes ETH more valuable. Ok ok let me buy some ETH..... (checks ETH prices)..... WHAT??!!??? USD 46.8!!!!! ETH always like to do that to me. mad.gif

QUOTE(syirbiznatch @ Mar 24 2017, 11:20 AM)
So far, is it worth it to invest in this crypto world? quiet scary if you ask me
*
Personally, I think it will be worth it but you need to be prepared to lose the money too if it doesn't work out.

QUOTE(-CoupeFanatic- @ Mar 24 2017, 02:57 PM)
kmarc nice post. Thanks for the heads up! smile.gif
*
Thx thx. Hope everybody can contribute if any other info. smile.gif

QUOTE(sirxl @ Mar 24 2017, 04:36 PM)
Kudos to kmarc for the V1 guide, very useful for newbies.
As for Luno (formerly BitX) , I've been using them since 2014, definitely one of the best exchanges in Malaysia.
*
Thx. Oh, so Luno is good? I thought liquidity was a problem? Mind sharing how it works so that wengherng can update the info on Luno? In search of good prices, I might even try out Luno. See how....
1wildcat1
post Mar 24 2017, 07:46 PM

I'm still a n00b :(
******
Senior Member
1,371 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 24 2017, 07:30 PM)
Interesting. Makes ETH more valuable. Ok ok let me buy some ETH..... (checks ETH prices)..... WHAT??!!??? USD 46.8!!!!! ETH always like to do that to me. mad.gif
Personally, I think it will be worth it but you need to be prepared to lose the money too if it doesn't work out.
Thx thx. Hope everybody can contribute if any other info. smile.gif
Thx. Oh, so Luno is good? I thought liquidity was a problem? Mind sharing how it works so that wengherng can update the info on Luno? In search of good prices, I might even try out Luno. See how....
*
Lots of sellers and buyers on luno, but at a much higher than market price. So not very attractive to me.
kmarc
post Mar 24 2017, 09:37 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 24 2017, 06:57 AM)
[/spoiler]

Edit: I don't recommend relying this on trades, but it's a cool way to spot price trends.

Whenever it says long, price is going up, if it says short, the price is diving.

Crypto bot on twitter
*
Checked out the bot, looks quite accurate. You made money from it? hmm.gif
kmarc
post Mar 24 2017, 09:38 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(1wildcat1 @ Mar 24 2017, 07:46 PM)
Lots of sellers and buyers on luno, but at a much higher than market price. So not very attractive to me.
*
I see. Same with localbitcoins and remitano. Really have to wait patiently for a good price. sad.gif
TSwengherng
post Mar 24 2017, 11:33 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 24 2017, 07:30 PM)
Interesting. Makes ETH more valuable. Ok ok let me buy some ETH..... (checks ETH prices)..... WHAT??!!??? USD 46.8!!!!! ETH always like to do that to me. mad.gif
Personally, I think it will be worth it but you need to be prepared to lose the money too if it doesn't work out.
Thx thx. Hope everybody can contribute if any other info. smile.gif
Thx. Oh, so Luno is good? I thought liquidity was a problem? Mind sharing how it works so that wengherng can update the info on Luno? In search of good prices, I might even try out Luno. See how....
*
QUOTE(1wildcat1 @ Mar 24 2017, 07:46 PM)
Lots of sellers and buyers on luno, but at a much higher than market price. So not very attractive to me.
*
I had a similar experience.
I used to think that XBit Asia's prices would be a problem due to lower liquidity, but in that particular case, XBit Asia still offered me a better price than Luno.
Not sure whether this is always the case, but in the few times that I checked before I bought, the situation was the same.

sirxl
post Mar 25 2017, 05:32 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 24 2017, 11:33 PM)
I had a similar experience.
I used to think that XBit Asia's prices would be a problem due to lower liquidity, but in that particular case, XBit Asia still offered me a better price than Luno.
Not sure whether this is always the case, but in the few times that I checked before I bought, the situation was the same.
*
Prices will fluctuate differently between exchanges as the real makers/takers are the exchange users and not the exchange per se.

If say Bitfinex/Bitstamp is priced at MYR 5000 and sellers on Luno prefer to sell at MYR 5100, then I feel it's still a good deal if the price is rising due to rumours/news.
goldfries
post Mar 25 2017, 05:49 AM

40K Club
Group Icon
Forum Admin
44,415 posts

Joined: Jan 2003
QUOTE(kmarc @ Mar 23 2017, 06:18 PM)
2) Bitfenix
- currently the largest exchange in terms of volume
- only carries Bitcoin, Ethereum (ETH), Ethereum Classic (ETC), Zcash (ZEC), Monero (XMR), Litecoin (LTC), and Dash.
BitFinex, not BitFenix. tongue.gif

goldfries
post Mar 25 2017, 05:51 AM

40K Club
Group Icon
Forum Admin
44,415 posts

Joined: Jan 2003
QUOTE(kmarc @ Mar 24 2017, 09:38 PM)
I see. Same with localbitcoins and remitano. Really have to wait patiently for a good price.  sad.gif
*
I buy / sell on BTC-E https://btc-e.com/

Not sure how the site is now but it worked for me last time.
WooTz
post Mar 25 2017, 07:42 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
Good day gentlemen, what a fine day to check on the crypto price today.

Happy trading!
kmarc
post Mar 25 2017, 08:29 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Good morning crypto EnTHusiasts!!!!! ETH at it again. ATH!!!!

Now I can really conclude that flippening is happening (WooTZ going to scold me) and money is pouring into altcoins. Almost all the altcoins I hold has increased in value. My next objective is to research low volume coins to see any potential coins.

QUOTE(goldfries @ Mar 25 2017, 05:49 AM)
BitFinex, not BitFenix. tongue.gif
*
No wonder!! Every time I google the word, computer parts came out!!! biggrin.gif

@wengherng, do correct the mistake. Thx!

QUOTE(goldfries @ Mar 25 2017, 05:51 AM)
I buy / sell on BTC-E https://btc-e.com/

Not sure how the site is now but it worked for me last time.
*
Cool. Going to check it out later. I guess it also accepts MYR?

QUOTE(WooTz @ Mar 25 2017, 07:42 AM)
Good day gentlemen, what a fine day to check on the crypto price today.

Happy trading!
*
Good morning ETH sifu!!! Still cheap to buy ETH? biggrin.gif
WooTz
post Mar 25 2017, 08:45 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 25 2017, 08:29 AM)
Good morning crypto EnTHusiasts!!!!! ETH at it again. ATH!!!!

Now I can really conclude that flippening is happening (WooTZ going to scold me) and money is pouring into altcoins. Almost all the altcoins I hold has increased in value. My next objective is to research low volume coins to see any potential coins.
No wonder!! Every time I google the word, computer parts came out!!! biggrin.gif

@wengherng, do correct the mistake. Thx!
Cool. Going to check it out later. I guess it also accepts MYR?
Good morning ETH sifu!!! Still cheap to buy ETH? biggrin.gif
*
GDAX and Korea doing us a big favor by suppressing it.

Anytime before mid April is cheap.
kmarc
post Mar 25 2017, 11:43 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 25 2017, 08:45 AM)
GDAX and Korea doing us a big favor by suppressing it.

Anytime before mid April is cheap.
*
Cool, will nibble a bit more later. Don't dare buy too much at this price.

wengherng

Last bit on the guide. Will let you know when it is completed.

In progress.......

Transaction fees

Keep in mind that you will be charged some fees when you make a transaction or transfer. Here's how it generally work:
1) Buying BTC - no fees
2) Selling BTC - free or fees charged by platform
3) Sending BTC from one address to another - network transfer fees
4) On exchanges, fee varies.

These are some examples of fees being charged by different websites/platform:
- Poloniex - https://poloniex.com/fees/
- Bitfinex - https://www.bitfinex.com/fees
- Localbitcoins - https://localbitcoins.com/fees
- Shapeshift - https://shapeshift.zendesk.com/hc/en-us/art...-fee-structure-

Examples of fees being charged:

- Transfer from Airbitz mobile app (in phone) to hardware wallet twice - 0.000812 & 0.00045 BTC.
---- If BTC was USD 1000/BTC, that would mean a transfer fee of USD 0.812 & USD 0.45. Do note the difference of fees is also affected by the price of BTC at that time.

- Transfer from localbitcoins to Poloniex -

- Transfer from Remitano to Poloniex -

- buy altcoins from poloniex (direct buy)
- buy altcoins from poloniex (bidding)

(is there a fixed fees for transfer?)

This post has been edited by kmarc: Mar 25 2017, 12:34 PM
hitokai
post Mar 25 2017, 12:53 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
anyone having problem depositing into coinbox?
goldfries
post Mar 25 2017, 01:19 PM

40K Club
Group Icon
Forum Admin
44,415 posts

Joined: Jan 2003
QUOTE(kmarc @ Mar 25 2017, 08:29 AM)
Cool. Going to check it out later. I guess it also accepts MYR?
Don't remember, I use that platform for trading.

Can set threshold to buy / sell.

Popular alt coins will appear there, at least that exchange has been around.

I lost a fair bit at Mt Gox before, stupid case.



TSwengherng
post Mar 25 2017, 03:24 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 25 2017, 07:42 AM)
Good day gentlemen, what a fine day to check on the crypto price today.

Happy trading!
*
QUOTE(WooTz @ Mar 25 2017, 08:45 AM)
GDAX and Korea doing us a big favor by suppressing it.

Anytime before mid April is cheap.
*
It really is a mighty fine day today when I look at the ETH charts......even if it is raining outside my window at the moment. biggrin.gif
That said, I think I am pretty comfortable with my balance between BTC and ETH (and just a tiny bit of XMR) at the moment.
The BTC dip is starting to pique my interest again......looking cheap now, but I am thinking that if the civil war doesn't end soon, we might see even lower dips (perhaps even a crash to......if I may be so greedy......USD300 even?)
I'm holding out for crazy bargain sales here! rclxm9.gif


QUOTE(kmarc @ Mar 25 2017, 11:43 AM)
wengherng

Last bit on the guide. Will let you know when it is completed.

In progress.......
*
Done!



This post has been edited by wengherng: Mar 25 2017, 03:24 PM
kmarc
post Mar 25 2017, 04:25 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(hitokai @ Mar 25 2017, 12:53 PM)
anyone having problem depositing into coinbox?
*
I transferred BTC from Remitano to Poloniex an hour ago. The transaction didn't even show up on blockchain info. Remitano told me that there are blockchain delays and asked me to wait.... sad.gif

QUOTE(goldfries @ Mar 25 2017, 01:19 PM)
Don't remember, I use that platform for trading.

Can set threshold to buy / sell.

Popular alt coins will appear there, at least that exchange has been around.

I lost a fair bit at Mt Gox before, stupid case.
*
Checked out the website. Not as friendly as Poloniex.

So sorry to hear that.

I'm using Poloniex and I'm getting more scare as I'm transferring more and more BTC there. However, I just got my hardware wallet and in the process of learning how to use it.

QUOTE(wengherng @ Mar 25 2017, 03:24 PM)
It really is a mighty fine day today when I look at the ETH charts......even if it is raining outside my window at the moment.  biggrin.gif
That said, I think I am pretty comfortable with my balance between BTC and ETH (and just a tiny bit of XMR) at the moment.
The BTC dip is starting to pique my interest again......looking cheap now, but I am thinking that if the civil war doesn't end soon, we might see even lower dips (perhaps even a crash to......if I may be so greedy......USD300 even?)
I'm holding out for crazy bargain sales here!  rclxm9.gif
Done!
*
Yeah, everyday regret didn't buy more ETH. cry.gif A bit too high for me at the moment but will buy some on the rise.

Still buying BTC but mainly to convert to altcoins. Will only accumulate more BTC if prices drop.

Anyway, just got my Trezor hardware wallet yesterday! rclxms.gif rclxms.gif Currently transferring bit by bit to ensure it is working well. So far so good! My only problem now is that I don't want to transfer too much from Poloniex as I want to lend out my coins! As before, lending is fun!!! rclxm9.gif Even BTC rates are quite good now.

Eh, haven't finish the last part yet leh. Will finish it later tongue.gif

This post has been edited by kmarc: Mar 25 2017, 04:28 PM
syirbiznatch
post Mar 26 2017, 12:45 AM

On my way
****
Senior Member
549 posts

Joined: Jan 2009
QUOTE(WooTz @ Mar 24 2017, 06:14 PM)
Here's a tip, when you start going down the rabbit hole, you only put in an amount you're willing to let go.

"Oh I lost RM100, oh well"

You keep doing this every week/month while tracking your cost, if the price dives, you just watch only, don't do anything, it'll always return as long as the system isn't in danger.

If it rises significantly, like say +50%, you take profit and earn back your cost. Then you resume the buying schedule.

I've been doing this since August 2015 and I've never lost anything at all, just regret didn't save more whenever I can.

Be sure to safeguard your coins, if you don't want to spend money on hardware wallets, then you need to learn how to setup a paper wallet.
*
good advice from senior investor nod.gif
sirxl
post Mar 26 2017, 08:02 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(goldfries @ Mar 25 2017, 01:19 PM)
Don't remember, I use that platform for trading.

Can set threshold to buy / sell.

Popular alt coins will appear there, at least that exchange has been around.

I lost a fair bit at Mt Gox before, stupid case.
*
Hey - did not know Goldfries was in here, I have you on my FB list.

Well Mt Gox was a big thing and even some of my banker friends lost money.
Hope you've recovered some incentives from Kraken.
kmarc
post Mar 26 2017, 11:43 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 25 2017, 08:45 AM)
GDAX and Korea doing us a big favor by suppressing it.

Anytime before mid April is cheap.
*
You should have shown me this : https://ethereum.network/projects

I keep on scrolling and scrolling down... so many projects! Impressive! thumbup.gif

I'm updating the 2nd post, need important links for ethereum. Please provide the links if you have them. Thx.

Also found this old news : http://www.inc.com/brian-d-evans/heres-why...-on-ethere.html

Never realized how well-accepted ETH is!

Going to take a bigger bite this afternoon. icon_question.gif

Edit : Oh ya, I'm curious on what would happen if, in the unlikely event, ETH hits, say USD500 per coin. Wouldn't it make the network expensive? Or the higher the price the better it is? hmm.gif

This post has been edited by kmarc: Mar 26 2017, 12:34 PM
soonming
post Mar 26 2017, 12:19 PM

Getting Started
**
Junior Member
187 posts

Joined: Jun 2011
Looks like I am missing a big opportunity here. Don't even know where to start to get some and how safe it is as my knowledge on these is zero!

Hope still got time. Which I feel is fast running out...
kmarc
post Mar 26 2017, 12:37 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(soonming @ Mar 26 2017, 12:19 PM)
Looks like I am missing a big opportunity here. Don't even know where to start to get some and how safe it is as my knowledge on these is zero!

Hope still got time. Which I feel is fast running out...
*
Take a look at first post. Some info there. wink.gif

I only entered cryptocurrencies 6 weeks ago and am already up by more than 200% overall. 200% in crypto-crazyland is nothing where people can gain 4-5 digit percentage points. The only thing is to do your own research and be prepared to lose the money if something happens. More info on the first page. smile.gif

This post has been edited by kmarc: Mar 26 2017, 12:40 PM
soonming
post Mar 26 2017, 02:12 PM

Getting Started
**
Junior Member
187 posts

Joined: Jun 2011
QUOTE(kmarc @ Mar 26 2017, 12:37 PM)
Take a look at first post. Some info there. wink.gif

I only entered cryptocurrencies 6 weeks ago and am already up by more than 200% overall. 200% in crypto-crazyland is nothing where people can gain 4-5 digit percentage points. The only thing is to do your own research and be prepared to lose the money if something happens. More info on the first page. smile.gif
*
Thanks so much... will try to fumble my way thru. Looks interesting and potentially rewarding
Just that the price is high. But will likely make small steps and see where it leads me
WooTz
post Mar 26 2017, 02:21 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 26 2017, 11:43 AM)
You should have shown me this : https://ethereum.network/projects

I keep on scrolling and scrolling down... so many projects! Impressive!  thumbup.gif

I'm updating the 2nd post, need important links for ethereum. Please provide the links if you have them. Thx.

Also found this old news : http://www.inc.com/brian-d-evans/heres-why...-on-ethere.html

Never realized how well-accepted ETH is!

Going to take a bigger bite this afternoon.  icon_question.gif

Edit : Oh ya, I'm curious on what would happen if, in the unlikely event, ETH hits, say USD500 per coin. Wouldn't it make the network expensive? Or the higher the price the better it is?  hmm.gif
*
/r/Ethereum
Fundamental news related to Ethereum ecosystem goes here, core developers conduct meetings on the first and third Fridays each month, so users can view the entire conversation or read the transcripts provided.

/r/ethtrader
Price related discussion and future movements goes here.

there's this weekly newsletter that summarizes all the Ethereum related events for your viewing pleasure.

Week in Ethereum

When PoS goes live, higher market cap is good for security, tokens will be expensive for attacks and depositors reap higher rewards, gas price wouldn't be an issue as they have their separate pricing mechanisms for it.



QUOTE(soonming @ Mar 26 2017, 12:19 PM)
Looks like I am missing a big opportunity here. Don't even know where to start to get some and how safe it is as my knowledge on these is zero!

Hope still got time. Which I feel is fast running out...
*
Subscribing to this weekly Ethereum news update would be highly beneficial

He's done a very good job of consolidating all Ethereum related news into bite sized links and notable dates.

Enjoy reading all of them!

Week in Ethereum

This post has been edited by WooTz: Mar 26 2017, 02:40 PM
kmarc
post Mar 26 2017, 05:59 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 26 2017, 02:21 PM)
/r/Ethereum
Fundamental news related to Ethereum ecosystem goes here, core developers conduct meetings on the first and third Fridays each month, so users can view the entire conversation or read the transcripts provided.

/r/ethtrader
Price related discussion and future movements goes here.

there's this weekly newsletter that summarizes all the Ethereum related events for your viewing pleasure.

Week in Ethereum

When PoS goes live, higher market cap is good for security, tokens will be expensive for attacks and depositors reap higher rewards, gas price wouldn't be an issue as they have their separate pricing mechanisms for it.

*
Cool! Updated! rclxms.gif

Owh.... errmm.... don't understand the explanation in terms of why it is good for security and expensive for attacks. sweat.gif Anyway, as long as higher prices doesn't chase projects away from Ethereum, I'm ok with that. smile.gif
WooTz
post Mar 26 2017, 06:32 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 26 2017, 05:59 PM)
Cool! Updated!  rclxms.gif

Owh.... errmm.... don't understand the explanation in terms of why it is good for security and expensive for attacks.  sweat.gif Anyway, as long as higher prices doesn't chase projects away from Ethereum, I'm ok with that.  smile.gif
*
The cool thing about POS, just like what Vlad Zamfir said, all attacker attempts would be like burning down their ASIC farm in POW, having to top up their ETH constantly because their deposit gets burned.

Plus, even if they managed to achieve 51%, we would just hard fork away and render them altcoins.

If gas price is $0.02 at $50 ETH, it'd still be adjusted to $0.02 at $500 ETH.

This post has been edited by WooTz: Mar 26 2017, 07:06 PM
sirxl
post Mar 26 2017, 06:43 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(soonming @ Mar 26 2017, 12:19 PM)
Looks like I am missing a big opportunity here. Don't even know where to start to get some and how safe it is as my knowledge on these is zero!

Hope still got time. Which I feel is fast running out...
*
Bitcoin supply runs out in Year 2140 - that's 123 years from now. Why is time running out?
luotang
post Mar 26 2017, 07:14 PM

Casual
***
Junior Member
349 posts

Joined: Dec 2008
So I browse through the forum and found this thread. Great to know that the community is interested in cryptocurrency.

I bought ETH last year and keep it until now only to see good return recently. Reading the thread I found that I can actually lend my coin out. So I am going to give it a try.

How is the return rate like? Is the return going to be in ETH as well?
kmarc
post Mar 26 2017, 07:51 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 26 2017, 06:32 PM)
The cool thing about POS, just like what Vlad Zamfir said, all attacker attempts would be like burning down their ASIC farm in POW, having to top up their ETH constantly because their deposit gets burned.

Plus, even if they managed to achieve 51%, we would just hard fork away and render them altcoins.

If gas price is $0.02 at $50 ETH, it'd still be adjusted to $0.02 at $500 ETH.
*
I see. Good to know! thumbup.gif

Gosh, buying ETH at USD 50 is hard. Of course, not as painful as 1 BTC but still, the money spent to see so few coins.... cry.gif

Luckily I still enjoy to see my half million coins of Doge, which is actually moving a bit! cool2.gif

QUOTE(luotang @ Mar 26 2017, 07:14 PM)
So I browse through the forum and found this thread. Great to know that the community is interested in cryptocurrency.

I bought ETH last year and keep it until now only to see good return recently. Reading the thread I found that I can actually lend my coin out. So I am going to give it a try.

How is the return rate like? Is the return going to be in ETH as well?
*
Nice to hear that.

Yup, the returns will be in the form of the coin you lent out. The return rate varies for each coin and between different coin. This is because you compete for the best rate to lend out and how high the demand for the coin is. At the moment, ETH rate is very bad, around 0.003% per day. If somebody takes up the loan, the next higher rate will be available. Some coins get good rates for a short period when demand is good.

Just yesterday, somebody requested a huge amount of loan at a rate of 2% per day! for Doge coin. I tell you, it was bliss lending it out. However, most of the loan was returned after a few hours but I still have some running at 2%.

Here's some examples of the rates I'm lending out at this moment:

ETH - 0.0017-0.0029%
XRP - 0.0098%
Maid - 0.048%
Doge - 0.0299 - 2%
Dash - 0.049 %
Clam - 0.1 - 0.974%

Do note the rates is for 24 hours and the calculation starts the minute you loan it out until the guy cancels the loan. It can be the whole tenure (usually I set to 2 days) or it can be a few minutes only!

Anyway, you just have to go to the lending tab and check out the rates for each coin. wink.gif

This post has been edited by kmarc: Mar 26 2017, 07:58 PM
WooTz
post Mar 26 2017, 08:45 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(luotang @ Mar 26 2017, 07:14 PM)
So I browse through the forum and found this thread. Great to know that the community is interested in cryptocurrency.

I bought ETH last year and keep it until now only to see good return recently. Reading the thread I found that I can actually lend my coin out. So I am going to give it a try.

How is the return rate like? Is the return going to be in ETH as well?
*
I'd suggest pulling it out of the exchange instead.

lending it allows more shorts, diluting your overall value way beyond your tiny rates.

Want better price stability and growth, it's better to hodl.

Don't feed the whales.
kmarc
post Mar 26 2017, 09:29 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 26 2017, 08:45 PM)
I'd suggest pulling it out of the exchange instead.

lending it allows more shorts, diluting your overall value way beyond your tiny rates.

Want better price stability and growth, it's better to hodl.

Don't feed the whales.
*
I think we ikan bilis(es) have no impact on the shorts. Too small amount.

I just lent out my BTC for 0.2650% rclxm9.gif
luotang
post Mar 26 2017, 11:18 PM

Casual
***
Junior Member
349 posts

Joined: Dec 2008
QUOTE(kmarc @ Mar 26 2017, 07:51 PM)
I see. Good to know!  thumbup.gif

Gosh, buying ETH at USD 50 is hard. Of course, not as painful as 1 BTC but still, the money spent to see so few coins....  cry.gif

Luckily I still enjoy to see my half million coins of Doge, which is actually moving a bit!  cool2.gif
Nice to hear that.

Yup, the returns will be in the form of the coin you lent out. The return rate varies for each coin and between different coin. This is because you compete for the best rate to lend out and how high the demand for the coin is. At the moment, ETH rate is very bad, around 0.003% per day. If somebody takes up the loan, the next higher rate will be available. Some coins get good rates for a short period when demand is good.

Just yesterday, somebody requested a huge amount of loan at a rate of 2% per day! for Doge coin. I tell you, it was bliss lending it out. However, most of the loan was returned after a few hours but I still have some running at 2%.

Here's some examples of the rates I'm lending out at this moment:

ETH - 0.0017-0.0029%
XRP - 0.0098%
Maid - 0.048%
Doge - 0.0299 - 2%
Dash - 0.049 %
Clam - 0.1 - 0.974%

Do note the rates is for 24 hours and the calculation starts the minute you loan it out until the guy cancels the loan. It can be the whole tenure (usually I set to 2 days) or it can be a few minutes only!

Anyway, you just have to go to the lending tab and check out the rates for each coin. wink.gif
*
Very helpful reply, cheers for that rclxms.gif rclxms.gif

ETH lending rate is so low, probably due to large supply and circulation around the market. 0.003% is like 1% p.a. if successfully lending out everyday. If that's the case I then really no point doing this?

So if the guy return in a few hours then the rate is 0.003%* hours/24?
luotang
post Mar 26 2017, 11:19 PM

Casual
***
Junior Member
349 posts

Joined: Dec 2008
QUOTE(WooTz @ Mar 26 2017, 08:45 PM)
I'd suggest pulling it out of the exchange instead.

lending it allows more shorts, diluting your overall value way beyond your tiny rates.

Want better price stability and growth, it's better to hodl.

Don't feed the whales.
*
Well as kmarc said I am small kaki, not holding a lot of ETH really

So you mean people borrow my ETH they can use to short sell?
sirxl
post Mar 27 2017, 06:09 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 26 2017, 09:29 PM)
I just lent out my BTC for 0.2650%  rclxm9.gif
*
0.2650% is a really good rate. congrats.
sirxl
post Mar 27 2017, 06:10 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
All of you should attend as Craig MacGregor - Lead developer of NAV Coin
is in town.

NAV price has been going through the roof the past 2 weeks:
https://poloniex.com/exchange#btc_nav
ATH at 12504 sats. Been following their project for the past 2 years and awaiting their Raspberry Pi staking image to rollout this week.

Attached Image

More info on NAVcoin and NAVtech:
http://www.financemagnates.com/cryptocurre...saction-system/



Special Promo Code for Lowyat readers.

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets

To pay in bitcoin, please email admin@bloktex.com

KUALA LUMPUR BLOKTEX 2017 Fintech/Blockchain Conference (8/9 April)

The first ever large scale blockchain event in Malaysia featuring 12 industry experts.

Co-organised by Malaysia Industry-Government Group for High Technology (MIGHT) and supported by Malaysia Digital Economy Corporation (MDEC).

Speakers:

1. Abdul Fattah - National Technical Committee of Department of Standards Malaysia
2. Adam Vaziri - Founder / CEO Diacle
3. Anson Zeall - CEO CoinPip / Chairman ACCESS
4. Craig MacGregor - Lead developer of NAV Coin
5. Dr. Pavel Kravchenko - Co-founder Distributed Lab
6. Jack C. Liu - Co-founder and CSO of OKLink
7. Lilia Vershinina - Co-founder Distributed Lab
8. Matthew Rajendra - CEO Green Data Center
9. Matthew Tan - Founder Etherscan.io
10. Rene Bernard - CEO LuxTag.io
11. Zain Tariq - Founder Urdubit
12. Pavel Matveev - Co-CEO Wirex Limited

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/

This post has been edited by sirxl: Mar 27 2017, 07:46 AM
sirxl
post Mar 27 2017, 07:36 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(sirxl @ Mar 27 2017, 06:09 AM)
0.2650% is a really good rate. congrats.
*
only managed to get 0.2493%
kmarc
post Mar 27 2017, 08:16 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(luotang @ Mar 26 2017, 11:18 PM)
Very helpful reply, cheers for that  rclxms.gif  rclxms.gif

ETH lending rate is so low, probably due to large supply and circulation around the market. 0.003% is like 1% p.a. if successfully lending out everyday. If that's the case I then really no point doing this?

So if the guy return in a few hours then the rate is 0.003%* hours/24?
*
Ya, supply and demand. Yeah, 0.003% not really worth it but I lend it out anyway as I'm lending my other coins.

It's not even per hour. The interest starts the second the loan is taken up and updates every 20-30 seconds. Even if the loan is returned in 5 minutes, there will already be interest.

QUOTE(sirxl @ Mar 27 2017, 06:10 AM)
All of you should attend as Craig MacGregor - Lead developer of NAV Coin
is in town.

NAV price has been going through the roof the past 2 weeks:
https://poloniex.com/exchange#btc_nav
ATH at 12504 sats. Been following their project for the past 2 years and awaiting their Raspberry Pi staking image to rollout this week.

Attached Image

More info on NAVcoin and NAVtech:
http://www.financemagnates.com/cryptocurre...saction-system/
Special Promo Code for Lowyat readers.

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets

To pay in bitcoin, please email admin@bloktex.com

KUALA LUMPUR BLOKTEX 2017 Fintech/Blockchain Conference (8/9 April)

The first ever large scale blockchain event in Malaysia featuring 12 industry experts.

Co-organised by Malaysia Industry-Government Group for High Technology (MIGHT) and supported by Malaysia Digital Economy Corporation (MDEC).

Speakers:

1. Abdul Fattah - National Technical Committee of Department of Standards Malaysia
2. Adam Vaziri - Founder / CEO Diacle
3. Anson Zeall - CEO CoinPip / Chairman ACCESS
4. Craig MacGregor - Lead developer of NAV Coin
5. Dr. Pavel Kravchenko - Co-founder Distributed Lab
6. Jack C. Liu - Co-founder and CSO of OKLink
7. Lilia Vershinina - Co-founder Distributed Lab
8. Matthew Rajendra - CEO Green Data Center
9. Matthew Tan - Founder Etherscan.io
10. Rene Bernard - CEO LuxTag.io
11. Zain Tariq - Founder Urdubit
12. Pavel Matveev - Co-CEO Wirex Limited

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/
*
Haiyaaa.... you didn't reply me earlier, whether NAVCOIN has the potential. I bought some to HODL but I think I will load up a bit more tonight.

QUOTE(sirxl @ Mar 27 2017, 07:36 AM)
only managed to get 0.2493%
*
Haha, supply and demand but it's a good rate. Some coin rates goes as low as 0.0001%!!! It might not last long but BTC is in demand so hopefully the rate stays. Dash has a good rate previously but not now. My dilemma now is whether I should channel more BTC out of cold storage later on. I don't hold much BTC now as most are channeled to altcoins. Haiz.... difficult...

I was actually considering the lending bot but it is 3rd party so I'm not comfortable with that in terms of security. No choice but to manually check on and off.

Going to do a guide on lending too!!! Oooo, I'm so excited!!

This post has been edited by kmarc: Mar 27 2017, 08:20 AM
sirxl
post Mar 27 2017, 11:27 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 27 2017, 08:16 AM)
Haiyaaa.... you didn't reply me earlier, whether NAVCOIN has the potential. I bought some to HODL but I think I will load up a bit more tonight.
*
Was away last week, so I could have missed it.
Well look at the NAV roadmap, they seem to have potential to go higher.
Check out the $NAV hashtags on twitter to monitor the market response.
kmarc
post Mar 27 2017, 12:45 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 27 2017, 11:27 AM)
Was away last week, so I could have missed it.
Well look at the NAV roadmap, they seem to have potential to go higher.
Check out the $NAV hashtags on twitter to monitor the market response.
*
Haha, it's ok. 6 of my coin holdings including NAV are >20% gain today. Last night it was DCR which was pumped to 150% before returning to earth's orbit. Too bad I don't do trading.

I did check out NAV previously. Will relook at it tonight. Thx!

Since you are an expert in this field and organizing all these conferences, can you check out siacoin (SC)? I bought some of it and I think it has potential. Currently low volume and only 50-60 satoshi. I think they are doing a good job so far with viable business model. Of course, whether they succeed or fail is still early to tell. Competitor is Storjcoin X, I think....

This post has been edited by kmarc: Mar 27 2017, 12:57 PM
hitokai
post Mar 27 2017, 12:52 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
what are u using to buy bitcoin bro? what coin are u holding atm? Im only holding ETH at 48-50USD x.x just got my account yday
kmarc
post Mar 27 2017, 12:55 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(hitokai @ Mar 27 2017, 12:52 PM)
what are u using to buy bitcoin bro? what coin are u holding atm? Im only holding ETH at 48-50USD x.x just got my account yday
*
For me, Ringgit Malaysia (MYR)! Check out first page for details. smile.gif
hitokai
post Mar 27 2017, 12:57 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
yea u r using luno atm?
kmarc
post Mar 27 2017, 01:06 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(hitokai @ Mar 27 2017, 12:57 PM)
yea u r using luno atm?
*
Localbitcoin and remitano. Planning to use xbit Asia once I get money transferred there.
sirxl
post Mar 27 2017, 01:24 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 27 2017, 12:45 PM)
Haha, it's ok. 6 of my coin holdings including NAV are >20% gain today. Last night it was DCR which was pumped to 150% before returning to earth's orbit. Too bad I don't do trading.

I did check out NAV previously. Will relook at it tonight. Thx!

Since you are an expert in this field and organizing all these conferences, can you check out siacoin (SC)? I bought some of it and I think it has potential. Currently low volume and only 50-60 satoshi. I think they are doing a good job so far with viable business model. Of course, whether they succeed or fail is still early to tell. Competitor is Storjcoin X, I think....
*
You are right. siacoin (SC) is quite interesting and they have that new Minebox NAS presale.
If SJCX came out with a similar hardware box, the price might rise higher.

Info on their NAS box:
http://1stminingrig.com/honest-minebox-nas-review/

This post has been edited by sirxl: Mar 27 2017, 01:29 PM
luotang
post Mar 27 2017, 01:28 PM

Casual
***
Junior Member
349 posts

Joined: Dec 2008
QUOTE(kmarc @ Mar 27 2017, 08:16 AM)
Ya, supply and demand. Yeah, 0.003% not really worth it but I lend it out anyway as I'm lending my other coins.

It's not even per hour. The interest starts the second the loan is taken up and updates every 20-30 seconds. Even if the loan is returned in 5 minutes, there will already be interest.
Haiyaaa.... you didn't reply me earlier, whether NAVCOIN has the potential. I bought some to HODL but I think I will load up a bit more tonight.
Haha, supply and demand but it's a good rate. Some coin rates goes as low as 0.0001%!!! It might not last long but BTC is in demand so hopefully the rate stays. Dash has a good rate previously but not now. My dilemma now is whether I should channel more BTC out of cold storage later on. I don't hold much BTC now as most are channeled to altcoins. Haiz.... difficult...

I was actually considering the lending bot but it is 3rd party so I'm not comfortable with that in terms of security. No choice but to manually check on and off.

Going to do a guide on lending too!!! Oooo, I'm so excited!!
*
Thanks for your reply. BTC lending rate is so good. Probably later when ETH sudden shot up and I sell ETH to hold BTC, then I can start lending then.

Thanks agian.
nibblerz
post Mar 27 2017, 05:18 PM

New Member
*
Junior Member
12 posts

Joined: Sep 2010
Been following this thread with great interest.

Couple of questions :
1a) I do not have a hardware wallet yet. Do you guys think it's safe to start purchasing ETH and keep them inside Poloniex?
1b) Can we actually store cryptocurrencies in Poloniex? Do we need to actually transfer them to some online wallet, say Coinbase, instead? If so, what are the best online wallets to use?
2) The shipping fee for Ledger Nano S is almost as expensive as the wallet itself...is there any better/cheaper method to get a wallet?
TSwengherng
post Mar 27 2017, 05:56 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(nibblerz @ Mar 27 2017, 05:18 PM)
Been following this thread with great interest.

Couple of questions :
1a) I do not have a hardware wallet yet. Do you guys think it's safe to start purchasing ETH and keep them inside Poloniex?
1b) Can we actually store cryptocurrencies in Poloniex? Do we need to actually transfer them to some online wallet, say Coinbase, instead? If so, what are the best online wallets to use?
2) The shipping fee for Ledger Nano S is almost as expensive as the wallet itself...is there any better/cheaper method to get a wallet?
*
Technically speaking, it is never ever safe to store your cryptocurrencies on online exchanges, as that's the first place any hacker will target.
However, it is a balanced risk, as you need to have some of your cryptocurrencies on the exchange if you were to want to trade easily, so you will have to balance between convenience and risk and find your own comfort zone.
But, I believe Poloniex keeps most of its ETH in cold storage so "at least" the risk is somewhat (just slightly) smaller.
In the absence of a hardware wallet, and you don't want to store them in paper wallets, then a dedicated online wallet would still be more preferable than an online exchange wallet.
I wasn't aware that shipping fees were so high......I was actually thinking about getting one myself. sad.gif


kmarc
post Mar 27 2017, 06:17 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 27 2017, 01:24 PM)
You are right. siacoin (SC) is quite interesting and they have that new Minebox NAS presale.
If SJCX came out with a similar hardware box, the price might rise higher.

Info on their NAS box:
http://1stminingrig.com/honest-minebox-nas-review/
*
Wow! I didn't even find the NAS box link during googling. Only read their website and saw their video : http://sia.tech/

Among the coins I bought, SC is my dark horse pick, lowest satoshi, low volume with what I think is a good concept. Storjcoin X is already at 20k satoshi and I think the sky is unlimited. However, I also hold Storjcoin just to be on the safe side. biggrin.gif

QUOTE(luotang @ Mar 27 2017, 01:28 PM)
Thanks for your reply. BTC lending rate is so good. Probably later when ETH sudden shot up and I sell ETH to hold BTC, then I can start lending then.

Thanks agian.
*
We don't have the crystal ball so why not get both! smile.gif

QUOTE(nibblerz @ Mar 27 2017, 05:18 PM)
Been following this thread with great interest.

Couple of questions :
1a) I do not have a hardware wallet yet. Do you guys think it's safe to start purchasing ETH and keep them inside Poloniex?
1b) Can we actually store cryptocurrencies in Poloniex? Do we need to actually transfer them to some online wallet, say Coinbase, instead? If so, what are the best online wallets to use?
2) The shipping fee for Ledger Nano S is almost as expensive as the wallet itself...is there any better/cheaper method to get a wallet?
*
Adding to what wengherng replied, yeah, poloniex usually keep the coins in cold storage. When I withdraw my ETH to my hardware wallet, it showed that the transfer was from poloniex cold storage to my wallet. Should be safer but like wengherng said, not as safe as hardware wallet.

How much is the shipping fee? My Trezor hardware wallet cost USD 99 and the shipping USD 29 (express DHL). I previously searched lowyat.net garage sales but nobody is selling either one.

This post has been edited by kmarc: Mar 27 2017, 07:12 PM
nibblerz
post Mar 27 2017, 09:05 PM

New Member
*
Junior Member
12 posts

Joined: Sep 2010
QUOTE(kmarc @ Mar 27 2017, 06:17 PM)
How much is the shipping fee? My Trezor hardware wallet cost USD 99 and the shipping USD 29 (express DHL). I previously searched lowyat.net garage sales but nobody is selling either one.
*
The price listed in their shopping cart :
PRODUCTS 58.00 €
SHIPPING PRICE 50.03 €
TOTAL (excl. tax) 108.03 €
kmarc
post Mar 27 2017, 09:52 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(nibblerz @ Mar 27 2017, 09:05 PM)
The price listed in their shopping cart :
PRODUCTS 58.00 €
SHIPPING PRICE 50.03 €
TOTAL (excl. tax)  108.03 €
*
Wow! So expensive.

Googled and found this. Ships from Singapore? https://www.amazon.com/gp/offer-listing/B01...8&condition=new
nibblerz
post Mar 27 2017, 10:21 PM

New Member
*
Junior Member
12 posts

Joined: Sep 2010
QUOTE(kmarc @ Mar 27 2017, 09:52 PM)
Wow! So expensive.

Googled and found this. Ships from Singapore? https://www.amazon.com/gp/offer-listing/B01...8&condition=new
*
Looks good, pricing wise. Bulk buy anyone? tongue.gif
TSwengherng
post Mar 28 2017, 12:04 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 27 2017, 06:17 PM)
How much is the shipping fee? My Trezor hardware wallet cost USD 99 and the shipping USD 29 (express DHL). I previously searched lowyat.net garage sales but nobody is selling either one.
*
QUOTE(nibblerz @ Mar 27 2017, 09:05 PM)
The price listed in their shopping cart :
PRODUCTS 58.00 €
SHIPPING PRICE 50.03 €
TOTAL (excl. tax)  108.03 €
*
EUR 108 is still cheaper than the USD 128 that kmarc paid...... brows.gif


wannmetal
post Mar 28 2017, 12:15 AM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
guys look at BitcoinDark (BTCD). suddenly so high.
kmarc
post Mar 28 2017, 12:28 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(nibblerz @ Mar 27 2017, 10:21 PM)
Looks good, pricing wise. Bulk buy anyone?  tongue.gif
*
I already have Trezor. Awaiting a hardware wallet that can accomodate more altcoins. Or even hoping Trezor comes up with support for other altcoins.

QUOTE(wengherng @ Mar 28 2017, 12:04 AM)
EUR 108 is still cheaper than the USD 128 that kmarc paid......   brows.gif
*
A necessary investment, no choice. bruce.gif

News from CNBC : http://www.cnbc.com/2017/03/27/bitcoin-wob...ain-future.html

QUOTE
It's been a volatile period for bitcoin investors, as holders of the cryptocurrency prepare for a potential 'fork' in the blockchain.

From Friday morning until Monday afternoon, bitcoin was trading under the $1,000 level, and even fell beneath $900 on Saturday. This is significant as, barring the weekend of March 18 and 19, bitcoin has traded above $1,000 since early February and hit a fresh all-time high of around $1,325 on March 10.

Bitcoin is currently back above the $1,000 handle, but is well off these recent highs, wiping billions off of its market cap value.
A stack of bitcoins stand on top of U.S. one dollar bills.
Chris Ratcliffe | Bloomberg | Getty Images

There are several causes for the recent volatility: Chinese regulators cracked down on bitcoin exchanges, while U.S. authorities rejected a proposal for a bitcoin-backed exchange-traded fund (ETF). The current concern is over the future of the bitcoin technology.

Bitcoin faces a scaling issue, where the number of bitcoin transactions that can happen on the blockchain at any one time is limited. This is creating a backlog of transactions that are needed to be processed and slowing down the system.

A group called Bitcoin Unlimited advocates for increasing the size of the blocks on the blockchain in order to process more transactions, but this has split the community. To increase the block size would involve splitting the blockchain, causing a fork and creating two major blockchains. This would effectively create two different coins and it's not clear which would become dominant.

As a result, investors are hedging their bets or selling out of bitcoin, waiting to see whether or not the fork will happen, and if so, which blockchain will be favored by the market.

Data from Bitfinex indicates around 49 million more coins have been sold than bought, or roughly 5 percent of total coins traded, in the last 30 days. Through March, the number of long bitcoin positions held by investors has decreased from 26,858 to above 23,142, while the number of short positions has increased from 9,820 to 14,731.

Meanwhile, the market cap of blockchain assets other than bitcoin, such as ether, dash and monero, has more than doubled since March 10 from $3.5 billion to more than $7 billion, according to Chris Burniske, blockchain products lead analyst at ARK Invest.

"At the same time, bitcoin's market cap has gone from $19 billion to $16 billion. Hence, bitcoin's market cap has lost $3 billion in value while the combined market cap of all other blockchain assets has added more than $3 billion," he told CNBC via email.

"Given these market indicators, it would appear investors are diversifying their blockchain asset holdings, positioning themselves for a generally rising tide in this emerging asset class."

Whether or not the fork happens is hard to tell, but it may harm bitcoin's brand, according to Jani Valjavec, co-founder of ICONOMI, a digital asset management platform for cryptocurrencies. Valjavec argues the brand is the main thing behind bitcoin's value.

"It has wide acceptance now, real world use cases, it can be a great store of value, and it is currently trusted by the community. Our understanding is that a hard fork, instigated by two parties with very competing interests, will primarily weaken the brand," he told CNBC via email.

"The next biggest brand in the distributed economy is ethereum, and that's why we believe it will benefit the most."

However, Fran Strajnar, co-founder & CEO of data and research company Brave New Coin, says the market is still within the parameters of a bitcoin bull cycle.

"The proposed contentious fork is unlikely but better to happen now than in the distant future. We would end up with the original bitcoin and remaining miners activating segwit (a well-designed package of system upgrades) and a new, much smaller, privatized alternative version of bitcoin," he told CNBC via email.

"The sum result of all the network fork (fear, uncertainty and doubt) is we are seeing investors hedge by buying into ether. We expect a price drop if there is a fork but a similar outcome to ethereum, where the long term market capitalization increases for both assets."
Meaning unload a bit of ether near the fork? hmm.gif

This post has been edited by kmarc: Mar 28 2017, 12:30 AM
kmarc
post Mar 28 2017, 12:31 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wannmetal @ Mar 28 2017, 12:15 AM)
guys look at BitcoinDark (BTCD). suddenly so high.
*
All the useless coins that I crossed out are being pumped. Incredible! bangwall.gif
TSwengherng
post Mar 28 2017, 12:54 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 28 2017, 12:31 AM)
All the useless coins that I crossed out are being pumped. Incredible!  bangwall.gif
*
Are there actually some "uses" for the other coins which you purchased, besides the likes of bitcoin, ether, monero, etc.?
hmm.gif

kmarc
post Mar 28 2017, 01:17 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 28 2017, 12:54 AM)
Are there actually some "uses" for the other coins which you purchased, besides the likes of bitcoin, ether, monero, etc.?
hmm.gif
*
Useless as in no updates, no news from developers, no progress, bad feedback from others, etc.

Those earlier coins I bought was based on recommendations from various sources. Some on news e.g. Ripple - Japan banks. Later ones I did a bit of research. Some bought just for fun. Some has potential business model (latest one was Siacoin and Storjcoin). Most have gain to a certain degree probably due to diversion from bitcoin.

Ok, let me count....... I have 26 types of coins. sweat.gif sweat.gif I just need one to hit the moon.... rclxms.gif

wannmetal
post Mar 28 2017, 01:49 AM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
QUOTE(kmarc @ Mar 28 2017, 01:17 AM)
Useless as in no updates, no news from developers, no progress, bad feedback from others, etc.

Those earlier coins I bought was based on recommendations from various sources. Some on news e.g. Ripple - Japan banks. Later ones I did a bit of research. Some bought just for fun. Some has potential business model (latest one was Siacoin and Storjcoin). Most have gain to a certain degree probably due to diversion from bitcoin.

Ok, let me count....... I have 26 types of coins.  sweat.gif  sweat.gif I just need one to hit the moon....  rclxms.gif
*
ripple, siacoin, are my hit the moon target too hahaha
sirxl
post Mar 28 2017, 06:13 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
This is a good read:
https://themerkle.com/top-3-altcoin-pumpers-in-history/
sirxl
post Mar 28 2017, 07:46 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
free nav coins, go grab it
http://bit.ly/2nbIBoj

To celebrate the launch of the Nav Coin 4.0 update (launching on the 31st March), we're giving you a chance to win 10,000 NAV (worth ~$1000 USD)! Make sure to check back throughout the week, as we'll be adding more ways to win.


Meet Craig MacGregor - Lead developer of NAV Coin in person! at @Bloktex 2017

CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/

This post has been edited by sirxl: Mar 28 2017, 07:48 AM
kmarc
post Mar 28 2017, 08:36 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wannmetal @ Mar 28 2017, 01:49 AM)
ripple, siacoin, are my hit the moon target too hahaha
*
Hope so. smile.gif

QUOTE(sirxl @ Mar 28 2017, 06:13 AM)
This is a good read:
https://themerkle.com/top-3-altcoin-pumpers-in-history/
*
Damn. XBC was pumped to 3000%!!!!!!???!! Now at 1400%. Incredible..... I just watch with popcorn at the sidelines....

QUOTE(sirxl @ Mar 28 2017, 07:46 AM)
free nav coins, go grab it
http://bit.ly/2nbIBoj

To celebrate the launch of the Nav Coin 4.0 update (launching on the 31st March), we're giving you a chance to win 10,000 NAV (worth ~$1000 USD)! Make sure to check back throughout the week, as we'll be adding more ways to win.
Meet Craig MacGregor - Lead developer of NAV Coin in person! at @Bloktex 2017

CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/
*
Sold of my Doge to pick up a bit of NAVcoin at a discount! biggrin.gif

Competition entered! rclxm9.gif

This post has been edited by kmarc: Mar 28 2017, 08:52 AM
TSwengherng
post Mar 28 2017, 10:41 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 28 2017, 08:36 AM)

Damn. XBC was pumped to 3000%!!!!!!???!! Now at 1400%. Incredible..... I just watch with popcorn at the sidelines....

*
Now, imagine you had taken the leap of faith and dumped in RM15k just before the rise, last night.
You'd be nearly half a million ringgit richer this morning. biggrin.gif
But......that's life.
Sometimes I am really tempted to just put in a few thousand bucks into Poloniex, just for "gambling" and riding these hypes.
But I don't think I would have been able to handle all the heart attacks...... blink.gif
sirxl
post Mar 28 2017, 11:28 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 28 2017, 10:41 AM)
Now, imagine you had taken the leap of faith and dumped in RM15k just before the rise, last night.
You'd be nearly half a million ringgit richer this morning.  biggrin.gif
But......that's life.
Sometimes I am really tempted to just put in a few thousand bucks into Poloniex, just for "gambling" and riding these hypes.
But I don't think I would have been able to handle all the heart attacks......  blink.gif
*
What's the deal on XBC anyway?
Have not had time to google it.
TSwengherng
post Mar 28 2017, 11:48 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(sirxl @ Mar 28 2017, 11:28 AM)
What's the deal on XBC anyway?
Have not had time to google it.
*
No idea.
Probably no reason at all......just the classic pump and dump, hype, euphoria, FOMO, etc.
Human herd mentality. doh.gif


archangel22
post Mar 28 2017, 12:03 PM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(wengherng @ Mar 28 2017, 11:48 AM)
No idea.
Probably no reason at all......just the classic pump and dump, hype, euphoria, FOMO, etc.
Human herd mentality.  doh.gif
*
This is as good as playing roulette. or 4d hmm.gif
TSwengherng
post Mar 28 2017, 12:07 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(archangel22 @ Mar 28 2017, 12:03 PM)
This is as good as playing roulette. or 4d  hmm.gif
*
Many people are in cryptocurrency precisely for that......sort of gambling.
But to be fair, the same can be said for all types of investments, like stocks and unit trusts and commodities.
That's because they are too lazy to put in actual effort for research and educating themselves.
They haven't a clue what a cryptocurrency is, or does......they don't care, as long as they can make a quick buck.
TSwengherng
post Mar 28 2017, 02:56 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
DCR has dipped almost 30% over the last 24 hours compared to BTC.
Looking very attractive to me...... too bad I am at work and don't have my hardware wallet with me, otherwise I might just convert some BTC to DCR.
Hope it's not too late to wait until tonight.


sirxl
post Mar 28 2017, 03:23 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 28 2017, 02:56 PM)
DCR has dipped almost 30% over the last 24 hours compared to BTC.
Looking very attractive to me...... too bad I am at work and don't have my hardware wallet with me, otherwise I might just convert some BTC to DCR.
Hope it's not too late to wait until tonight.
*
Time and tide waits for no man.
Lovely part about crypto trading is that it's opened 24/7.
hitokai
post Mar 28 2017, 04:09 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
dcr, i am in red. was buying at +12% yday. now in red x(
sirxl
post Mar 28 2017, 04:17 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(hitokai @ Mar 28 2017, 04:09 PM)
dcr, i am in red. was buying at +12% yday. now in red x(
*
don't risk your money for food.
did you buy on the high side?
hitokai
post Mar 28 2017, 04:36 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
not quite. buying at 15usd ish.
kmarc
post Mar 28 2017, 04:46 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 28 2017, 10:41 AM)
Now, imagine you had taken the leap of faith and dumped in RM15k just before the rise, last night.
You'd be nearly half a million ringgit richer this morning.  biggrin.gif
But......that's life.
Sometimes I am really tempted to just put in a few thousand bucks into Poloniex, just for "gambling" and riding these hypes.
But I don't think I would have been able to handle all the heart attacks......  blink.gif
*
Hehe, I'm not that kind of investor because I KNOW my leap of faith usually ends up in the jump of doom! biggrin.gif Have to be lucky to catch these type of pump. Furthermore, I think I would have exited at around 300-400% and miss the 4 digits percentage gain.

Why didn't it happen to decred? cry.gif I was planning to hold it even if it went higher. Instead, it went red! mad.gif

QUOTE(sirxl @ Mar 28 2017, 11:28 AM)
What's the deal on XBC anyway?
Have not had time to google it.
*
Yeah, no news. People say it is a classic pump and dump.

QUOTE(wengherng @ Mar 28 2017, 02:56 PM)
DCR has dipped almost 30% over the last 24 hours compared to BTC.
Looking very attractive to me...... too bad I am at work and don't have my hardware wallet with me, otherwise I might just convert some BTC to DCR.
Hope it's not too late to wait until tonight.
*
Oh, any reason you are targeting DCR? I can't actually remember why I bought DCR about a week ago. Haha.... Even though it had dropped a lot , I'm still in the green. Lucky...... sweat.gif

On other news, the crazy coins are still at it! rclxub.gif

This post has been edited by kmarc: Mar 28 2017, 04:47 PM
kmarc
post Mar 28 2017, 05:14 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(hitokai @ Mar 28 2017, 04:09 PM)
dcr, i am in red. was buying at +12% yday. now in red x(
*
Cryptos can be quite volatile. Do be careful. wink.gif

ALL my coins are in the red today, except for only 3 minimally green! vmad.gif I have no coins in the top 20 either. Not sure what's happening.... hmm.gif

This post has been edited by kmarc: Mar 28 2017, 05:22 PM
hitokai
post Mar 28 2017, 05:37 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
whale are dumping and pumping. small fry r getting fried.
hitokai
post Mar 28 2017, 05:41 PM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
total 10% in red x(
TSwengherng
post Mar 28 2017, 06:16 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 28 2017, 04:46 PM)

Oh, any reason you are targeting DCR? I can't actually remember why I bought DCR about a week ago. Haha.... Even though it had dropped a lot , I'm still in the green. Lucky......  sweat.gif

On other news, the crazy coins are still at it!  rclxub.gif
*
No particular reason......just seeing that the recent crypto-market is so volatile, I thought perhaps it is possible to buy during a large dip and wait for the correction heading up.
But of course, this is purely speculation and gambling; it could very well go down by 80% tomorrow too.

QUOTE(kmarc @ Mar 28 2017, 05:14 PM)
Cryptos can be quite volatile. Do be careful. wink.gif

ALL my coins are in the red today, except for only 3 minimally green!  vmad.gif I have no coins in the top 20 either. Not sure what's happening....  hmm.gif
*
No investment can be in the green every single day; there has to be some ups and downs.
If you micro-track it every single day, you'll be having high blood pressure pretty soon.


sirxl
post Mar 28 2017, 09:02 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
be careful trading them #altcoins, don't get burned.

https://twitter.com/onemanatatime/status/846526270716362752
kmarc
post Mar 28 2017, 09:18 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(hitokai @ Mar 28 2017, 05:41 PM)
total 10% in red x(
*
Remember cryptos are very high-risk high-return investment. 10% for cryptos is nothing. See XBC that went up to 3000%. It can go the other way too.

Do you research, pick good coin and hold long-term!

QUOTE(wengherng @ Mar 28 2017, 06:16 PM)
No particular reason......just seeing that the recent crypto-market is so volatile, I thought perhaps it is possible to buy during a large dip and wait for the correction heading up.
But of course, this is purely speculation and gambling; it could very well go down by 80% tomorrow too.
No investment can be in the green every single day; there has to be some ups and downs.
If you micro-track it every single day, you'll be having high blood pressure pretty soon.
*
I see. My sentiments exactly! biggrin.gif However, I might go for NAV first then maybe a bit of DCR.

The problem is my BTC under loan! Loan rates for BTC is very good so far. And the loan usually taken for the full 2 days. Can get about 1% every 4 days. That USD 10 every 4 days! thumbup.gif Since ETH has such bad loan rates, it is the main coin going into cold storage.

I don't really microtrack. Just enjoying the bullrun thus far. Most days, some of my coins are in the double-digit green but today is the first day almost all unbelievably red. I think it is now in correction mode due to the anticipation of March 30 bitcoin ETF. So I guess when the ETF gets rejected, altcoins will resume their bullrun, hopefully!!!!! smile.gif

QUOTE(sirxl @ Mar 28 2017, 09:02 PM)
be careful trading them #altcoins, don't get burned.

https://twitter.com/onemanatatime/status/846526270716362752
*
That's what I'm thinking. The whales are pumping all those useless coins to distract. I'm thinking they want people to unload so can get cheap or they are just playing while awaiting bitcoin ETF. I'm still going for good coins!!! None of my coins are in the pump BTW ! vmad.gif

In the twitter, somebody actually recommend DCR, LSK, STRAT, RADS, LBC, SC, PASC and Nautilus. I have all except nautilus which I actually crossed out of my list. Going to take a look at it again later on.

Edit : ARrrrrggghhh!! My BTC all stuck on loan and most coins are recovering!!! bye.gif

This post has been edited by kmarc: Mar 28 2017, 09:49 PM
kmarc
post Mar 28 2017, 11:10 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(hitokai @ Mar 28 2017, 05:41 PM)
total 10% in red x(
*
DCR in the green! thumbup.gif I picked up a bit more just now. wink.gif

Anyway, attached is my cryptofolio. Please don't follow my crazy hoard but if you have any good coins to suggest, please do so! smile.gif


Attached thumbnail(s)
Attached Image
kmarc
post Mar 29 2017, 06:44 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Good morning crypto forumers! biggrin.gif

Cryptos now back to it's usual self. Majority green with minimal red! brows.gif
TSwengherng
post Mar 29 2017, 09:45 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 29 2017, 06:44 AM)
Good morning crypto forumers!  biggrin.gif

Cryptos now back to it's usual self. Majority green with minimal red!  brows.gif
*
I should have trusted my instincts......
Around 11pm last night, just before buying DCR, I had a nagging feeling that I should be going for NOBL, but I shrugged off the feeling and still went ahead with DCR.
bangwall.gif ranting.gif mad.gif vmad.gif


kmarc
post Mar 29 2017, 09:58 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 29 2017, 09:45 AM)
I should have trusted my instincts......
Around 11pm last night, just before buying DCR, I had a nagging feeling that I should be going for NOBL, but I shrugged off the feeling and still went ahead with DCR.
bangwall.gif  ranting.gif  mad.gif  vmad.gif
*
Haha, we average people always no luck. I was actually thinking about buying some coins that has very low satoshi with no news. Just for the pump. Decided only to get SC in the end but it has potential. You wanted NOBL because it was in the red?

At least DCR also going up ma. I also bought some last night but didn't get NAV because BTC loan out. So sad.....

Anticipating a drop in BTC and will only buy BTC after ETF news.

This post has been edited by kmarc: Mar 29 2017, 10:00 AM
TSwengherng
post Mar 29 2017, 10:17 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 29 2017, 09:58 AM)
Haha, we average people always no luck. I was actually thinking about buying some coins that has very low satoshi with no news. Just for the pump. Decided only to get SC in the end but it has potential. You wanted NOBL because it was in the red?

At least DCR also going up ma. I also bought some last night but didn't get NAV because BTC loan out. So sad.....

Anticipating a drop in BTC and will only buy BTC after ETF news.
*
I thought the news is out already.
SEC rejected the ETF application, basically for the same reasons as before.
But no major impact to the price of bitcoin so far.
I suppose the general public finally realised that bitcoin doesn't need an ETF after all.
dembaba9000
post Mar 29 2017, 10:35 AM

Look at all my stars!!
*******
Senior Member
2,748 posts

Joined: Oct 2012
newbier here, where u guys trade cryptos ah?
kmarc
post Mar 29 2017, 10:39 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 29 2017, 10:17 AM)
I thought the news is out already.
SEC rejected the ETF application, basically for the same reasons as before.
But no major impact to the price of bitcoin so far.
I suppose the general public finally realised that bitcoin doesn't need an ETF after all.
*
Huh, already? I think delayed response. Just checked prices, looks like BTC going down and ETH gaining.

I think BTC dominance going to be eroded further while altcoins will benefit more. Probably a good time to load up more! biggrin.gif

Hmmm.... if we can find the next bitcoin while BTC struggles with hardforking, we will be millionaires!!!

QUOTE(dembaba9000 @ Mar 29 2017, 10:35 AM)
newbier here, where u guys trade cryptos ah?
*
Check first page smile.gif

This post has been edited by kmarc: Mar 29 2017, 10:44 AM
dembaba9000
post Mar 29 2017, 10:46 AM

Look at all my stars!!
*******
Senior Member
2,748 posts

Joined: Oct 2012
QUOTE(kmarc @ Mar 29 2017, 10:39 AM)
Huh, already? I think delayed response. Just checked prices, looks like BTC going down and ETH gaining.

I think BTC dominance going to be eroded further while altcoins will benefit more. Probably a good time to load up more! biggrin.gif

Hmmm.... if we can find the next bitcoin while BTC struggles with hardforking, we will be millionaires!!!
Check first page smile.gif
*
checked, but thought there is one unified platform.
kmarc
post Mar 29 2017, 10:52 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(dembaba9000 @ Mar 29 2017, 10:46 AM)
checked, but thought there is one unified platform.
*
A lot of exchanges but Poloniex has the most coins. Can consider Poloniex. wink.gif
jack2
post Mar 29 2017, 11:10 AM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
wow... bitcoin drops 20% upon I have sold off some last month.
hitokai
post Mar 29 2017, 11:18 AM

Casual
***
Junior Member
350 posts

Joined: Mar 2008
gonna get in when BTC hit the 900+ mark. ETH going up i see. gogogo
TSwengherng
post Mar 29 2017, 12:16 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
F**k my life......I had a sizable stash of LBC which I figured wasn't doing anything much, and I sold them on 12th March for around 1580 satoshi.
The price of LBC just broke 6000 satoshi a few minutes ago.
I need a minute here......
mega_shok.gif


kmarc
post Mar 29 2017, 12:28 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 29 2017, 12:16 PM)
F**k my life......I had a sizable stash of LBC which I figured wasn't doing anything much, and I sold them on 12th March for around 1580 satoshi.
The price of LBC just broke 6000 satoshi a few minutes ago.
I need a minute here......
mega_shok.gif
*
So sorry to hear that. LBC was struck off my list too because I thought it didn't have potential.

I'm changing strategy yet again. Yes I know BTC is the father of cryptocurrencies. Yes, I know ETH will probably be successful. However, say BTC and ETH hit 1000% increase from current prices, making BTC 10,000 per coin and ETH 500 per coin. The problem is it is expensive to accumulate these two coins at significant amount!

As such, I'm not going to concentrate on BTC or ETH anymore. For ETH, will hold just the current amount that I have. Will be channeling funds to potential altcoins. As we all know, 1000% for altcoins, esp low satoshi value ones, are a piece of cake.

The other thing to remember is to HODL!!!! Even DCR is already 500% gain for me. So far, I have only liquidated Dogecoin, my fun coin. The rest I'm HODLing and will not accept anything less than 5 digit percentage gains!!! Or more!!!

Now the question is, which altcoins to channel significant fund in, that's the million dollar question. At the moment, my funds are distributed in small amounts to all the less significant Altcoins.

I think I will have 2 forks biggrin.gif. One is to have more amounts in good altcoins, the other is just grab whatever minor coin in small amounts. Some coins will die but so be it!!!

Come, let us study very hard to find potential altcoins and share share. smile.gif

This post has been edited by kmarc: Mar 29 2017, 12:39 PM
-CoupeFanatic-
post Mar 29 2017, 12:36 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(wengherng @ Mar 29 2017, 12:16 PM)
F**k my life......I had a sizable stash of LBC which I figured wasn't doing anything much, and I sold them on 12th March for around 1580 satoshi.
The price of LBC just broke 6000 satoshi a few minutes ago.
I need a minute here......
mega_shok.gif
*
we all have moments like this, i had a huge bag of steem @5858 satoshi, I sold it right after Wink ETF denied when alts were pumped, gaining only about 20% profit. only a week later steem is trading at 30000 satoshi. I took a 24 hr break from polo, go out release some stress to shake it off.
TSwengherng
post Mar 29 2017, 12:40 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 29 2017, 12:28 PM)
So sorry to hear that. LBC was struck off my list too because I thought it didn't have potential.

I'm changing strategy yet again. Yes I know BTC is the father of cryptocurrencies. Yes, I know ETH will probably be successful. However, say BTC and ETH hit 1000% increase from current prices, making BTC 10,000 per coin and ETH 500 per coin. The problem is it is expensive to accumulate these two coins at significant amount!

As such, I'm not going to concentrate on BTC or ETH anymore. For ETH, will hold just the current amount that I have. Will be channeling funds to potential altcoins. As we all know, 1000% for altcoins, esp low satoshi value ones, are a piece of cake.

The other thing to remember is to HODL!!!! Even DCR is already 500% gain for me. So far, I have only liquidated Dogecoin, my fun coin. The rest I'm HODLing and will not except anything less than 5 digit percentage gains!!! Or more!!!

Now the question is, which altcoins to channel significant fund in, that's the million dollar question. At the moment, my funds are distributed in small amounts to all the less significant altcoins.

Come, let us study very hard to find potential altcoins and share share. smile.gif
*
You have a valid point, but why would you be so fixated on accumulating a significant amount of *coins*?
Your profit would be the same in terms of percentage, whether you hold 0.01 BTC, 1 BTC or 1000 BTC.
You're looking at it being "expensive" or not, purely based on its unit price, which, from my point of view, is not the correct way to view the value of the coin.
You should be looking at the percentages instead.
On the other hand, if you are talking about trading (buy and sell within short periods of time) then I would agree, as the volatility of the lower value coins is much higher than the higher value coins, so you have a higher chance of getting triple digit gains in a very short time.
kmarc
post Mar 29 2017, 12:41 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(-CoupeFanatic- @ Mar 29 2017, 12:36 PM)
we all have moments like this, i had a huge bag of steem @5858 satoshi, I sold it right after Wink ETF denied when alts were pumped, gaining only about 20% profit. only a week later steem is trading at 30000 satoshi. I took a 24 hr break from polo, go out release some stress to shake it off.
*
Come, let's pool resources and become millionaire together!!! Of course, if go down, also go together. wink.gif
-CoupeFanatic-
post Mar 29 2017, 12:41 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(kmarc @ Mar 29 2017, 12:28 PM)
So sorry to hear that. LBC was struck off my list too because I thought it didn't have potential.

I'm changing strategy yet again. Yes I know BTC is the father of cryptocurrencies. Yes, I know ETH will probably be successful. However, say BTC and ETH hit 1000% increase from current prices, making BTC 10,000 per coin and ETH 500 per coin. The problem is it is expensive to accumulate these two coins at significant amount!

As such, I'm not going to concentrate on BTC or ETH anymore. For ETH, will hold just the current amount that I have. Will be channeling funds to potential altcoins. As we all know, 1000% for altcoins, esp low satoshi value ones, are a piece of cake.

The other thing to remember is to HODL!!!! Even DCR is already 500% gain for me. So far, I have only liquidated Dogecoin, my fun coin. The rest I'm HODLing and will not accept anything less than 5 digit percentage gains!!! Or more!!!

Now the question is, which altcoins to channel significant fund in, that's the million dollar question. At the moment, my funds are distributed in small amounts to all the less significant Altcoins.

I think I will have 2 forks biggrin.gif. One is to have more amounts in good altcoins, the other is just grab whatever minor coin in small amounts. Some coins will die but so be it!!!

Come, let us study very hard to find potential altcoins and share share. smile.gif
*
check out this guy trading it's pretty funny, don't know if its still viable. but it definitely has a huge luck factor involved.

https://www.youtube.com/watch?v=Q4h9mbDMBoA

tldr;
randomly choose your alts. buy 0.1 btc worth of them.
set sell orders on a progressive price tier levels.
then sit back and relax
kmarc
post Mar 29 2017, 01:17 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(-CoupeFanatic- @ Mar 29 2017, 12:41 PM)
check out this guy trading it's pretty funny, don't know if its still viable. but it definitely has a huge luck factor involved.

https://www.youtube.com/watch?v=Q4h9mbDMBoA

tldr;
randomly choose your alts. buy 0.1 btc worth of them.
set sell orders on a progressive price tier levels.
then sit back and relax
*
I guess that's one way of doing it. However, to me, the profits is because prices go up. In a bullrun, which I think we are in, better just to hold until the bull runs out!
wannmetal
post Mar 29 2017, 02:48 PM

New Member
*
Junior Member
26 posts

Joined: Jun 2011
QUOTE(kmarc @ Mar 29 2017, 10:52 AM)
A lot of exchanges but Poloniex has the most coins. Can consider Poloniex. wink.gif
*
sir what do u think of bittrex?? your own opinion
sirxl
post Mar 29 2017, 02:52 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 29 2017, 10:17 AM)
I thought the news is out already.
SEC rejected the ETF application, basically for the same reasons as before.
But no major impact to the price of bitcoin so far.
I suppose the general public finally realised that bitcoin doesn't need an ETF after all.
*
yes news is out:
SEC Denies SolidX Bid for Bitcoin ETF Listing
https://www.cryptocoinsnews.com/sec-denies-...e-remains-1000/
sirxl
post Mar 29 2017, 02:53 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wannmetal @ Mar 29 2017, 02:48 PM)
sir what do u think of bittrex?? your own opinion
*
Poloniex has higher liquidity than Bittrex but I use both. Make sure you enable 2FA.
WooTz
post Mar 29 2017, 03:12 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
Nice to see shapeshift growing at an impressive rate.

» Click to show Spoiler - click again to hide... «


My investment with them has essentially doubled, hoping to liquidate for more ETH. Can't wait to see their new products soon.
-CoupeFanatic-
post Mar 29 2017, 03:23 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(wengherng @ Mar 29 2017, 12:16 PM)
F**k my life......I had a sizable stash of LBC which I figured wasn't doing anything much, and I sold them on 12th March for around 1580 satoshi.
The price of LBC just broke 6000 satoshi a few minutes ago.
I need a minute here......
mega_shok.gif
*
24hr high 7148 satoshi xD LBC
WooTz
post Mar 29 2017, 03:35 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 29 2017, 12:28 PM)
So sorry to hear that. LBC was struck off my list too because I thought it didn't have potential.

I'm changing strategy yet again. Yes I know BTC is the father of cryptocurrencies. Yes, I know ETH will probably be successful. However, say BTC and ETH hit 1000% increase from current prices, making BTC 10,000 per coin and ETH 500 per coin. The problem is it is expensive to accumulate these two coins at significant amount!

As such, I'm not going to concentrate on BTC or ETH anymore. For ETH, will hold just the current amount that I have. Will be channeling funds to potential altcoins. As we all know, 1000% for altcoins, esp low satoshi value ones, are a piece of cake.

The other thing to remember is to HODL!!!! Even DCR is already 500% gain for me. So far, I have only liquidated Dogecoin, my fun coin. The rest I'm HODLing and will not accept anything less than 5 digit percentage gains!!! Or more!!!

Now the question is, which altcoins to channel significant fund in, that's the million dollar question. At the moment, my funds are distributed in small amounts to all the less significant Altcoins.

I think I will have 2 forks biggrin.gif. One is to have more amounts in good altcoins, the other is just grab whatever minor coin in small amounts. Some coins will die but so be it!!!

Come, let us study very hard to find potential altcoins and share share. smile.gif
*
I'm probably the most sorry person for sure. I placed USD $4000 investment that's now only getting 120% instead of buying ETH at $1, that's 5300% after a year and two months.

*bangs head on wall*
-CoupeFanatic-
post Mar 29 2017, 03:40 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(WooTz @ Mar 29 2017, 03:35 PM)
I'm probably the most sorry person for sure. I placed USD $4000 investment that's now only getting 120% instead of buying ETH at $1, that's 5300% after a year and two months.

*bangs head on wall*
*
yea man keep complaining
WooTz
post Mar 29 2017, 03:44 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(-CoupeFanatic- @ Mar 29 2017, 03:40 PM)
yea man keep complaining
*
Am I sensing something unpleasant here?
-CoupeFanatic-
post Mar 29 2017, 03:48 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
QUOTE(WooTz @ Mar 29 2017, 03:44 PM)
Am I sensing something unpleasant here?
*
nah man, everyone's entitled to their own opinion. to me, just be greatful of what returns that you gained so far. 120% gain for just putting your money in while the devs do all the work is a pretty good deal. i'd take that any day of the year.
TSwengherng
post Mar 29 2017, 04:51 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(-CoupeFanatic- @ Mar 29 2017, 03:23 PM)
24hr high 7148 satoshi xD LBC
*
Damn it, and you just had to rub it in...... cry.gif



kmarc
post Mar 29 2017, 04:59 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wannmetal @ Mar 29 2017, 02:48 PM)
sir what do u think of bittrex?? your own opinion
*
Sorry, never use it before. wink.gif

QUOTE(WooTz @ Mar 29 2017, 03:12 PM)
Nice to see shapeshift growing at an impressive rate.

» Click to show Spoiler - click again to hide... «


My investment with them has essentially doubled, hoping to liquidate for more ETH. Can't wait to see their new products soon.
*
Nice. I guess no more opportunity for us late comers.

QUOTE(-CoupeFanatic- @ Mar 29 2017, 03:40 PM)
yea man keep complaining
*
QUOTE(WooTz @ Mar 29 2017, 03:44 PM)
Am I sensing something unpleasant here?
*
Cool down guys. No need to be sarcastic or hostile. We're all here to gain from cryptos. wink.gif
kmarc
post Mar 29 2017, 05:00 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 29 2017, 03:35 PM)
I'm probably the most sorry person for sure. I placed USD $4000 investment that's now only getting 120% instead of buying ETH at $1, that's 5300% after a year and two months.

*bangs head on wall*
*
I think still got many opportunities left. Let's find the next one!!!
WooTz
post Mar 29 2017, 05:07 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 29 2017, 04:59 PM)
Nice. I guess no more opportunity for us late comers.
*
Even so, this is great news, expansion means less reliance on poloniex, more liquidity and greater ease of use.

Win win for the entire ecosystem.
kmarc
post Mar 29 2017, 05:25 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 29 2017, 05:07 PM)
Even so, this is great news, expansion means less reliance on poloniex, more liquidity and greater ease of use.

Win win for the entire ecosystem.
*
How did you manage to become an investor? They advertise online?

Their business model is only the conversion of one coin to another right?
WooTz
post Mar 29 2017, 05:39 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 29 2017, 05:25 PM)
How did you manage to become an investor? They advertise online?

Their business model is only the conversion of one coin to another right?
*
Bnktothefuture, I used that to diversify into crypto companies.

Indeed, they allow you or trading bots to swap crypto without having an account, with a slight premium of course.

Speaking of which, I just found out Gemini exchange supports Singapore banks too, damn they need to advertise more.

Going to try them out now.
kmarc
post Mar 29 2017, 06:49 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 29 2017, 05:39 PM)
Bnktothefuture, I used that to diversify into crypto companies.

Indeed, they allow you or trading bots to swap crypto without having an account, with a slight premium of course.

Speaking of which, I just found out Gemini exchange supports Singapore banks too, damn they need to advertise more.

Going to try them out now.
*
Interesting. Will check it out later although I don't do this type of investment.

Anyway, quite a boring day. Expected more response but I guess the ETF outcome was 100% expected. At least, ETF prices appears more solid than before.
WooTz
post Mar 29 2017, 07:24 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 29 2017, 06:49 PM)
Interesting. Will check it out later although I don't do this type of investment.

Anyway, quite a boring day. Expected more response but I guess the ETF outcome was 100% expected. At least, ETF prices appears more solid than before.
*
No no don't, back then we didn't have ERC20 tokens to invest. No choice then.

Now you can buy into golem, iconomi, melon, digix and many more with ease.
kmarc
post Mar 29 2017, 08:08 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 29 2017, 07:24 PM)
No no don't, back then we didn't have ERC20 tokens to invest. No choice then.

Now you can buy into golem, iconomi, melon, digix and many more with ease.
*
Haha, another totally new investment vehicle! I think I will stick to cryptos for now.... and probably forever! rclxm9.gif

Shucks, there goes NAV and nautilus. Haven't had time to research nautilus in detail yet..... sad.gif
shahrul09
post Mar 29 2017, 08:23 PM

Regular
******
Senior Member
1,330 posts

Joined: Feb 2011
Hi. newbie here.
Been lurking around quite some times here.
Is it a right time to buy eth now?or too late. Last time i saw it around 20~
WooTz
post Mar 29 2017, 09:16 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(shahrul09 @ Mar 29 2017, 08:23 PM)
Hi. newbie here.
Been lurking around quite some times here.
Is it a right time to buy eth now?or too late. Last time i saw it around 20~
*
yes, anything before privacy/PoS is definitely a bargain, buy little by little and ignore the price swings.

2017 is jam packed with ETH fundamentals.

please do your own due diligence

This post has been edited by WooTz: Mar 29 2017, 09:17 PM
-CoupeFanatic-
post Mar 29 2017, 09:28 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
Potcoin on the rise! biggrin.gif
sirxl
post Mar 29 2017, 09:39 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 29 2017, 08:08 PM)
Haha, another totally new investment vehicle! I think I will stick to cryptos for now.... and probably forever!  rclxm9.gif

Shucks, there goes NAV and nautilus. Haven't had time to research nautilus in detail yet.....  sad.gif
*
NAV is launching their new site today and releasing the RPI staking image on Friday.

Thursday 23 — Launch Nav Coin Core 4.0.0 Beta

Monday 27 — Start social media campaign / competition to support the software launch.

Wednesday 29 — Launch new Nav Coin website and Press Releases about the software launch.

Friday 31 — Launch Nav Coin 4.0.0, Nav Pi Stake Box & Navtech 1.1




Meet Craig MacGregor - Lead developer of NAV Coin in person! at @Bloktex 2017

CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.



KUALA LUMPUR BLOKTEX 2017 Fintech/Blockchain Conference (8/9 April)

The first ever large scale blockchain event in Malaysia featuring 12 industry experts.

Co-organised by Malaysia Industry-Government Group for High Technology (MIGHT) and supported by Malaysia Digital Economy Corporation (MDEC).

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/

This post has been edited by sirxl: Mar 29 2017, 09:42 PM
shahrul09
post Mar 29 2017, 10:44 PM

Regular
******
Senior Member
1,330 posts

Joined: Feb 2011
QUOTE(WooTz @ Mar 29 2017, 09:16 PM)
yes, anything before privacy/PoS is definitely a bargain, buy little by little and ignore the price swings.

2017 is jam packed with ETH fundamentals.

please do your own due diligence
*
Which wallet you use for eth? Hardware?
Any suggestions for online wallet to keep eth?
Wirex cant thou.
archangel22
post Mar 29 2017, 10:57 PM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(-CoupeFanatic- @ Mar 29 2017, 09:28 PM)
Potcoin on the rise! biggrin.gif
*
I finally bought altcoins.. For pure gambling biggrin.gif pretty much spent my weekend money.

Potcoin is one of my alts. That niche and marketing gimmick is really interesting imo.
Got cannabiscoin also but potcoin won the branding. smile.gif

Hope both Cann and potcoin do well the more states/country legalize weed. biggrin.gif I heard Canada will legalize this coming July.
kmarc
post Mar 29 2017, 11:28 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 29 2017, 09:39 PM)
NAV is launching their new site today and releasing the RPI staking image on Friday.

Thursday 23 — Launch Nav Coin Core 4.0.0 Beta

Monday 27 — Start social media campaign / competition to support the software launch.

Wednesday 29 — Launch new Nav Coin website and Press Releases about the software launch.

Friday 31 — Launch Nav Coin 4.0.0, Nav Pi Stake Box & Navtech 1.1
Meet Craig MacGregor - Lead developer of NAV Coin in person! at @Bloktex 2017

CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.
KUALA LUMPUR BLOKTEX 2017 Fintech/Blockchain Conference (8/9 April)

The first ever large scale blockchain event in Malaysia featuring 12 industry experts.

Co-organised by Malaysia Industry-Government Group for High Technology (MIGHT) and supported by Malaysia Digital Economy Corporation (MDEC).

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/
*
Already know all that. Bought a bit more just now! biggrin.gif

QUOTE(shahrul09 @ Mar 29 2017, 10:44 PM)
Which wallet you use for eth? Hardware?
Any suggestions for online wallet to keep eth?
Wirex cant thou.
*
Hardware wallet is better than online.

Can google online wallet. Here's one example : https://www.myetherwallet.com/

I'm using this with my Trezor hardware wallet.

QUOTE(archangel22 @ Mar 29 2017, 10:57 PM)
I finally bought altcoins.. For pure gambling biggrin.gif pretty much spent my weekend money.

Potcoin is one of my alts. That niche and marketing gimmick is really interesting imo.
Got cannabiscoin also but potcoin won the branding. smile.gif

Hope both Cann and potcoin do well the more states/country legalize weed. biggrin.gif I heard Canada will legalize this coming July.
*
What's your top picks? I'm searching for more coins to add. smile.gif
TSwengherng
post Mar 29 2017, 11:41 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 29 2017, 11:28 PM)
Already know all that. Bought a bit more just now!  biggrin.gif
*
Now, if I can wake up tomorrow morning with a four-digit gain on my NAV, that'd be real nice.


archangel22
post Mar 29 2017, 11:52 PM

Casual
***
Junior Member
472 posts

Joined: May 2010
QUOTE(kmarc @ Mar 29 2017, 11:28 PM)
Already know all that. Bought a bit more just now!  biggrin.gif
Hardware wallet is better than online.

Can google online wallet. Here's one example : https://www.myetherwallet.com/

I'm using this with my Trezor hardware wallet.
What's your top picks? I'm searching for more coins to add.  smile.gif
*
My picks are based on simple criteria:
- website looks good - you can feel the effort of having a proper site
- concept/selling point is clear and easy to understand (im not a tech person)
- at least they show the devs/team face & profile

Potcoin - buy pots with potcoin. Very simple
Digibyte - gaming. Good niche market also
Qora - simply bcse its new.
Siacoin - storj too exp. biggrin.gif
Noblecoin - sort of multicurrency wallet - i think few lightweigt btc wallet can do this eg.
Mobi. But i still think worth to invest.

Next one maybe musicoin. Again easy to understand concept and clear target market.
LBC is okay, but Im not sure whats the difference with existing content sharing platform. Maybe i shld read more abt it.

I feel like an angel investor/venture capitalist biggrin.gif
I may be wrong but i'll try to make it simple: if Google, Facebook, Uber come up with their own coin, and the only way to login to your account is by spending their coins, will I buy/invest? I say yes, then i'll look for coin concept with the same value proposition. Direct use case + clear targeted market.

This is actually pretty fun.
kmarc
post Mar 29 2017, 11:57 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
sirxl How does NAV POS work? I mean, what is the meaning of staking NAVcoins in NAV wallets? Your computer has to be on all the time with the NAV wallets in staking mode? hmm.gif
kmarc
post Mar 30 2017, 12:02 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 29 2017, 11:41 PM)
Now, if I can wake up tomorrow morning with a four-digit gain on my NAV, that'd be real nice.
*
Haha, too much expectation. 3-digits is good enough for me! Slow and steady tongue.gif

Yippeee... typically day where I see many of my coins flying.

QUOTE(archangel22 @ Mar 29 2017, 11:52 PM)
My picks are based on simple criteria:
- website looks good - you can feel the effort of having a proper site
- concept/selling point is clear and easy to understand (im not a tech person)
- at least they show the devs/team face & profile

Potcoin - buy pots with potcoin. Very simple
Digibyte - gaming. Good niche market also
Qora - simply bcse its new.
Siacoin - storj too exp. biggrin.gif
Noblecoin - sort of multicurrency wallet - i think few lightweigt btc wallet can do this eg.     
                Mobi. But i still think worth to invest.

Next one maybe musicoin. Again easy to understand concept and clear target market.
LBC is okay, but Im not sure whats the difference with existing content sharing platform. Maybe i shld read more abt it.

I feel like an angel investor/venture capitalist biggrin.gif
I may be wrong but i'll try to make it simple: if Google, Facebook, Uber come up with their own coin, and the only way to login to your account is by spending their coins, will I buy/invest? I say yes, then i'll look for coin concept with the same value proposition. Direct use case + clear targeted market.

This is actually pretty fun.
*
I see. I actually just crossed out Qora from my list a few hours ago. Noblecoin long time ago. Digibyte huh? Will take a look later.
sirxl
post Mar 30 2017, 06:00 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 29 2017, 11:57 PM)
sirxl How does NAV POS work? I mean, what is the meaning of staking NAVcoins in NAV wallets? Your computer has to be on all the time with the NAV wallets in staking mode?  hmm.gif
*
Proof of Stake. Buy a bunch of NAV coins, leave it on a full node wallet (they have 2 types) and your PC/laptop needs to be running 24/7. Alternatively, get a VPS but I won't recommend it as your private keys are visible.
kmarc
post Mar 30 2017, 06:47 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 30 2017, 06:00 AM)
Proof of Stake. Buy a bunch of NAV coins, leave it on a full node wallet (they have 2 types) and your PC/laptop needs to be running 24/7. Alternatively, get a VPS but I won't recommend it as your private keys are visible.
*
I see. Still a lot to learn. Navcoin still needs GPU/CPU power right? What's the best CPU or GPU to stake? The Nav Pi stake box? hmm.gif Any link to explain this as google doesn't really help. Need a Navcoin POS for dummies guide..... smile.gif I'm interested to know how we actually go about staking and what type of rig will be good/cost-effective.

This post has been edited by kmarc: Mar 30 2017, 06:51 AM
kmarc
post Mar 30 2017, 06:56 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 29 2017, 11:41 PM)
Now, if I can wake up tomorrow morning with a four-digit gain on my NAV, that'd be real nice.
*
Are you lending out your BTC? Very good rates actually. smile.gif
sirxl
post Mar 30 2017, 07:16 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 30 2017, 06:47 AM)
I see. Still a lot to learn. Navcoin still needs GPU/CPU power right? What's the best CPU or GPU to stake? The Nav Pi stake box?  hmm.gif Any link to explain this as google doesn't really help. Need a Navcoin POS for dummies guide..... smile.gif I'm interested to know how we actually go about staking and what type of rig will be good/cost-effective.
*
Standard CPU will do. Bigger NAV balance in the full node wallet = Higher network staking power (more coins staked)

Drop by @Bloktex 2017 next week, Craig can show you the details.


Meet Craig MacGregor - Lead developer of NAV Coin in person! at @Bloktex 2017

CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.
KUALA LUMPUR BLOKTEX 2017 Fintech/Blockchain Conference (8/9 April)

The first ever large scale blockchain event in Malaysia featuring 12 industry experts.

Co-organised by Malaysia Industry-Government Group for High Technology (MIGHT) and supported by Malaysia Digital Economy Corporation (MDEC).

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/



This post has been edited by sirxl: Mar 30 2017, 07:18 AM
WooTz
post Mar 30 2017, 08:16 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(shahrul09 @ Mar 29 2017, 10:44 PM)
Which wallet you use for eth? Hardware?
Any suggestions for online wallet to keep eth?
Wirex cant thou.
*
Depends on how much you plan to hold. My main stash is spread among a few Ledger Nano S. It's RM350 each including shipping.

Anything above RM1000 it's better to get a hardware wallet like Trezor or Ledger.

Or else Jaxx seems okay, works with PC, android, iOS with a single seed.

Or you can generate a paper wallet with MyEtherWallet.

This post has been edited by WooTz: Mar 30 2017, 08:21 AM
kmarc
post Mar 30 2017, 08:55 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 30 2017, 07:16 AM)
Standard CPU will do. Bigger NAV balance in the full node wallet = Higher network staking power (more coins staked)

Drop by @Bloktex 2017 next week, Craig can show you the details.
Meet Craig MacGregor - Lead developer of NAV Coin in person! at @Bloktex 2017

CEO of Encrypt S Limited, Lead Developer of NAV Coin. Encrypt S is focused on simplifying blockchain technology to make its business and social benefits available to all industries. Encrypt S has played an instrumental role in the rise of Nav Coin on the world stage, designing and building its dual blockchain based private payment platform.
KUALA LUMPUR BLOKTEX 2017 Fintech/Blockchain Conference (8/9 April)

The first ever large scale blockchain event in Malaysia featuring 12 industry experts.

Co-organised by Malaysia Industry-Government Group for High Technology (MIGHT) and supported by Malaysia Digital Economy Corporation (MDEC).

Use promo code: CLBLOKTEX
to get 25% off the Conference tickets.

http://bloktex.com/conference/
*
I see. So I guess even a lousy rig that's constantly online would be adequate. Thx! smile.gif

I'm in Sibu ler.... far far away.... sweat.gif

What's the meaning of a full-node wallet and how to earn a maximum of 5%? hmm.gif

On other news, just lent out my Clams for 1.49% rate! rclxm9.gif

This post has been edited by kmarc: Mar 30 2017, 09:07 AM
kmarc
post Mar 30 2017, 09:26 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Free today. Going to continue the guide. wengherng Do copy the guide over to #1 post AFTER I have finished with it tongue.gif

Grow your money on Poloniex - How to lend out your coins

Before we begin the tutorial on lending, the general rule of keeping your coins safe still applies. However, the disadvantage of keeping it in cold storage is that it doesn't generate money besides price appreciation. You can consider another option which is to lend your coins to traders on Poloniex WHILE enjoying price appreciation if any. Do note that you need to have the coins on your Poloniex's account to lend them out.

Lending rates
Let's start with this as lending rates are the main factor why one would want to keep their coins on Poloniex and lend out the coins.

Lending rates depends on supply and demand. It can fluctuate and swing widely. It can be very low but it can also be very high. Even higher than the rates of loan sharks! bruce.gif

Here are some of the spot rates at the moment:

CoinRates
Bticoin 0.1595%
BTS 0.0001%
CLAM 1.2997%
DASH 0.0587%
ETH 0.0029%
XRP 0.0096%

As you can see from the table above, rates also vary widely between coins. Dash previously had a rate of 0.88% when the demand was high. Clam had low rates previously but because it is in demand now, it is at super loan shark rates!

Huh, the rates are so LOW???!!!??!? mad.gif Before you stomp away upset, do note that the rates are quoted PER DAY (24 hours) and not per year!! For example, if you loan out CLAM for 1%, you will get 1% of clams after 24 hours! In the unlikely event that you can lend out for a whole year, the returns will be 365 days x 1% = 365% return!!!! However, as you will see later, it is almost impossible to loan out for long periods unless you are very very VERY lucky.

The interest generated are the same coins you loaned out. If you loan out CLAMS, you will get CLAMS for interest.

Another thing is know is that the interest starts calculating the moment the loan is taken up. The site updates the active loan every 20-30 seconds and you can see interest being generated. So even if you loan was taken up for only 5 minutes, you will already get some interest although it would be negligible.

Note : I guess it goes without saying that you would need a significant amount of coins and a good lending rate to make lending worthwhile. From observation, it seems bitcoin has a consistent demand with relatively good rates. You just have to calculate the returns for yourself to see whether it is worthwhile or not.

Loan duration

Ok, here comes the reason why you won't be getting rich by getting a 365% return.

When you offer your loan, you will need to specify the rate, amount and duration. Default duration is 2 days and the range is 2 - 60 days.

If you lent out for 2 days and the loan is taken up, it doesn't mean that it will be loaned out for 2 days. It can sometimes be returned in a few hours or even a few seconds! This is the main disadvantage of lending, where you need to manually check to see whether your loan is running.

There is a lending bot that can automatically set up loans for you but it is 3rd-party where you would have to give it access to Poloniex to run the loans. I don't recommend it so this guide won't cover lending bots.

Lending risk
As with any loan, there are risk to lending. You can't be going about spraying red paint when your loan is not returned. biggrin.gif

I'm not entirely sure what the risks are or how high the risk is. I have asked this in Poloniex and they say that the risk is minimal because they have safeguards. For one, the coins you loaned out cannot be transferred out of Poloniex. Even if you loaned out 1 BTC and the price of BTC crashes, it is still one BTC that will be returned to you!

So, lend at your own risk and don't throw red paint at my house if something happens! tongue.gif


Poloniex lending facility

Ok, let's get down to actual lending out your coins. I only have experience with Poloniex so we will only cover it.

On Poloniex, you'll notice 3 sections/tabs - Exchange, Margin and Lending.

Attached Image

Click on the Lending tab to go to the lending page.

A word of advice : Don't ever go to the margin tab. Very risky to play margin trades.

This is what you will see on the lending page.

Attached Image

1) My Balances
- This is where you can view your balances across all 3 facilities - Exchange, Margin and lending
- It only shows the available amount of coins. If you have open orders or coins under loan, it will not be shown in the total.
- You can also see the type of coins you can loan out. At the moment, only 12 coins can be loaned out.
- From here, you can select the coin you want to loan out.

2) Quick transfer
- This is a quick feature to transfer your coins between the 3 facilities
- In order for you to loan out your coins, you have to first transfer the coins from Exchange (that's where your coins probably are at the start)
- If you don't transfer any coins to lending, you won't be able to loan out anything.
- Likewise, if you finish lending and want to sell off the coins, you would have to transfer them from lending back to exchange

3) Loan
- This is where you offer your loan
- You have to enter the rate, amount and duration of loan
- "Auto-renew" is if you want the loan to be listed again once the loan is given back. It is actually not a useful feature as loan rates seldom stay at the same rate for long.
- Once you have set your loan parameters, you can click the "Offer loan" button and it will be displayed in the "Loan Offers" table.

4) Loan offers
- This is where all loans are being offered
- If you want your loans to be taken up fast, you would have to set a lower rate. Basically competing with each other to loan out the coins.

5) Loan demands
- This is where all loans are requested
- If you don't want to wait, you can just offer at the requested rate and it will straight away match
- Loan demand rates are usually much much lower then ongoing rates

6) My open loan offers
- You can see your open loans here i.e. loans that you have offered by not yet loan out

7) My active loans
- Here's where you can see the loans that are taken up
- If you see the first line, I have loaned out XRP at a rate of 0.0097% with an amount of 2221.2508. Duration is 2 days with auto-renew turned on. Up to that time, the interest is 0.00034912 XRP.

That's it! You are now ready to put up your loan!

Loan history/records
This is how you can see your loan history.

Under "Orders" tab, select "My trade history & Analysis".

Attached Image

This will bring you to the following page.

Attached Image

From here, you have two options (as indicated in the picture):
1) Download the excel file containing all your loan records
- easier to use this feature as you can sort out your loans and sum it up in excel

2) Show your "Loan earnings" at the table below
- not easy to see as you can't sort it out. I already have 29 pages of loan history!!!

Note : This is the place where you can see your trade history too.

Lastly, do remember that lending is not without risk but I think the risk is negligible. Again, if you lose your money, don't blame me! shakehead.gif

Happy lending like the loan shark that you are!!!! thumbup.gif

This post has been edited by kmarc: Mar 30 2017, 01:34 PM
TSwengherng
post Mar 30 2017, 09:51 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 30 2017, 06:56 AM)
Are you lending out your BTC? Very good rates actually.  smile.gif
*
Nope, they are quietly sitting in my hardware wallet doing nothing at the moment.
Just waiting for its time to come.

QUOTE(WooTz @ Mar 30 2017, 08:16 AM)
Depends on how much you plan to hold. My main stash is spread among a few Ledger Nano S. It's RM350 each including shipping.

Anything above RM1000 it's better to get a hardware wallet like Trezor or Ledger.

Or else Jaxx seems okay, works with PC, android, iOS with a single seed.

Or you can generate a paper wallet with MyEtherWallet.
*
How did you buy your Ledger Nano S?
Directly from the official site, and have them do international shipping to your address?
Or is there someone in Malaysia selling it?
TSwengherng
post Mar 30 2017, 09:57 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 30 2017, 09:26 AM)
Free today. Going to continue the guide. wengherng Do copy the guide over to #1 post AFTER I have finished with it tongue.gif

*
No worries, just let me know once you are done, and I'll copy it over to Post #1.
By the way, I'm just wondering if there is any limit to the length of any single post?
What happens if the 1st post becomes too long?
hmm.gif


kmarc
post Mar 30 2017, 10:03 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 30 2017, 09:51 AM)
Nope, they are quietly sitting in my hardware wallet doing nothing at the moment.
Just waiting for its time to come.

*
Why not lend a bit? Even 1 BTC can get USD 10 in a few days! smile.gif

QUOTE(wengherng @ Mar 30 2017, 09:57 AM)
No worries, just let me know once you are done, and I'll copy it over to Post #1.
By the way, I'm just wondering if there is any limit to the length of any single post?
What happens if the 1st post becomes too long?
hmm.gif
*
I think it can be longer but then it becomes difficult to read. Looks like my lending guide is going to be quite long. No problem, I will pm our moderator to add another post in front.
WooTz
post Mar 30 2017, 10:06 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(wengherng @ Mar 30 2017, 09:51 AM)
Nope, they are quietly sitting in my hardware wallet doing nothing at the moment.
Just waiting for its time to come.
How did you buy your Ledger Nano S?
Directly from the official site, and have them do international shipping to your address?
Or is there someone in Malaysia selling it?
*
On the site, using conventional two weeks shipping to my doorstep.

Holy smokes it's now RM500 with UPS express.
(Figures, their Hong Kong stock has been exhausted)

Try looking for a seller around you or organize a bulk purchase.

This post has been edited by WooTz: Mar 30 2017, 10:12 AM
sirxl
post Mar 30 2017, 10:09 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 30 2017, 08:55 AM)
I see. So I guess even a lousy rig that's constantly online would be adequate. Thx!  smile.gif

I'm in Sibu ler.... far far away....  sweat.gif

What's the meaning of a full-node wallet and how to earn a maximum of 5%?  hmm.gif

On other news, just lent out my Clams for 1.49% rate!  rclxm9.gif
*
Sibu? use AirAsia lah, now everyone can fly.

Once in a lifetime opp to see Craig. Don't say I never told you.

NAV have full node wallets and lite wallets here:
http://navcoin.org/downloads/
kmarc
post Mar 30 2017, 10:25 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 30 2017, 10:09 AM)
Sibu? use AirAsia lah, now everyone can fly.

Once in a lifetime opp to see Craig. Don't say I never told you.

NAV have full node wallets and lite wallets here:
http://navcoin.org/downloads/
*
Can fly but no time to fly! tongue.gif

I won't say because I have already bought Navcoin! blush.gif

That's the problem. There's not much description on how staking works, how the rates are determined, the differences between full-node and lite wallets, etc. When you see the developer, tell time to hire me and I'll make the site better. Joking joking. Please tell them to include more information on these aspects. Thx!

This post has been edited by kmarc: Mar 30 2017, 10:26 AM
sirxl
post Mar 30 2017, 10:47 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
keep your money and toes to the ground:
https://steemit.com/altcoins/@hilarski/gree...crypto-currency

Don't Fall Into the FOMO Trap!

This post has been edited by sirxl: Mar 30 2017, 10:48 AM
TSwengherng
post Mar 30 2017, 11:01 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 30 2017, 10:03 AM)
Why not lend a bit? Even 1 BTC can get USD 10 in a few days!  smile.gif

*
No reason why not, I suppose.
It just didn't occur to me to do it.
Plus I am a bit paranoid about putting all my cryptocurrency into online exchanges.

QUOTE(WooTz @ Mar 30 2017, 10:06 AM)
On the site, using conventional two weeks shipping to my doorstep.

Holy smokes it's now RM500 with UPS express.
(Figures, their Hong Kong stock has been exhausted)

Try looking for a seller around you or organize a bulk purchase.
*
Yikes......RM500 is steep.
I'll have to see if I can find any alternatives to get it.
WooTz
post Mar 30 2017, 11:07 AM


******
Senior Member
1,011 posts

Joined: Nov 2006
I wasn't expecting this bit of development at all.

Goodness just where are we going with all this.

https://reddit.com/r/ethtrader/comments/625...mar2017/dfl6yu9

» Click to show Spoiler - click again to hide... «
nibblerz
post Mar 30 2017, 11:23 AM

New Member
*
Junior Member
12 posts

Joined: Sep 2010
QUOTE(wengherng @ Mar 30 2017, 11:01 AM)
No reason why not, I suppose.
It just didn't occur to me to do it.
Plus I am a bit paranoid about putting all my cryptocurrency into online exchanges.
Yikes......RM500 is steep.
I'll have to see if I can find any alternatives to get it.
*
Was looking at this, from amazon. Want to get it together? Still haven't place my order.
https://www.amazon.com/gp/offer-listing/B01...8&condition=new
kmarc
post Mar 30 2017, 12:16 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 30 2017, 10:47 AM)
keep your money and toes to the ground:
https://steemit.com/altcoins/@hilarski/gree...crypto-currency

Don't Fall Into the FOMO Trap!
*
Good advice! thumbup.gif

QUOTE(wengherng @ Mar 30 2017, 11:01 AM)
No reason why not, I suppose.
It just didn't occur to me to do it.
Plus I am a bit paranoid about putting all my cryptocurrency into online exchanges.

*
I see. Not even 1-2 BTC? tongue.gif Anyway, that's just me. It's fun lending out! nod.gif

QUOTE(WooTz @ Mar 30 2017, 11:07 AM)
I wasn't expecting this bit of development at all.

Goodness just where are we going with all this.

https://reddit.com/r/ethtrader/comments/625...mar2017/dfl6yu9

» Click to show Spoiler - click again to hide... «

*
Nice. Hope to see ETH move up further. Looks like ETH is currently solid at 52.
WooTz
post Mar 30 2017, 04:00 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(kmarc @ Mar 30 2017, 12:16 PM)
Good advice!  thumbup.gif
I see. Not even 1-2 BTC?  tongue.gif Anyway, that's just me. It's fun lending out!  nod.gif
Nice. Hope to see ETH move up further. Looks like ETH is currently solid at 52.
*
Indeed, just watched the TrueBit video earlier. Now we got a fourth method of scaling, on top of raiden, Casper and sharding.

With scalable computation, we will soon be able to talk with other Blockchain tokens! Dogecoin, Bitcoin, anycoin whatsoever.

Then there's that rumors of Elon Musk getting involved, have to wait and see for this one.

Btw have you read the "complimentary" TDV dispatch yet?

Noticed how the march Ethereum coverage is nonexistent over there? *rollseyes*

This post has been edited by WooTz: Mar 30 2017, 04:07 PM
win44
post Mar 30 2017, 04:16 PM

Casual
***
Junior Member
391 posts

Joined: Apr 2008
From: Kuala Lumpur
Incredible climb of the Ether price!
im sure u all already know that.

Dont mind me. just a newbie.

Do you guys think it will climb higher?
kmarc
post Mar 30 2017, 05:18 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(WooTz @ Mar 30 2017, 04:00 PM)
Indeed, just watched the TrueBit video earlier. Now we got a fourth method of scaling, on top of raiden, Casper and sharding.

With scalable computation, we will soon be able to talk with other Blockchain tokens! Dogecoin, Bitcoin, anycoin whatsoever.

Then there's that rumors of Elon Musk getting involved, have to wait and see for this one.

Btw have you read the "complimentary" TDV dispatch yet?

Noticed how the march Ethereum coverage is nonexistent over there? *rollseyes*
*
Cool! Exciting times indeed!

Yeah, I just read the dispatch. Nothing much on cryptos.

QUOTE(win44 @ Mar 30 2017, 04:16 PM)
Incredible climb of the Ether price!
im sure u all already know that.

Dont mind me. just a newbie.

Do you guys think it will climb higher?
*
ETH has been stagnant around 50-52. Waiting for it to shoot up further! smile.gif
SUSdD_se7en
post Mar 30 2017, 05:29 PM

Ang! Ang! Ang!
*****
Senior Member
887 posts

Joined: Oct 2009
is coinbase safe? or is there any way to keep my eth other than online wallet.
WooTz
post Mar 30 2017, 05:43 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(win44 @ Mar 30 2017, 04:16 PM)
Incredible climb of the Ether price!
im sure u all already know that.

Dont mind me. just a newbie.

Do you guys think it will climb higher?
*
Short answer yes, much much higher, nobody knows how high it'll go for sure.

$50 with 4.6 billion cap is TINY for the backbone of the new internet.

For comparison sake. Cisco estimates Internet of Things potential is around $19 trillion.

OTC derivatives also in the trillions and they'll port some over to public chain eventually.

Then healthcare, supply chain, entertainment etc etc etc

Yeah have to really control your inner moon.
TopCasinoPlayer
post Mar 30 2017, 05:51 PM

New Member
*
Newbie
1 posts

Joined: Mar 2017
Hi, any one still making money investing on bitcoin? im interest ..
WooTz
post Mar 30 2017, 06:01 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
QUOTE(dD_se7en @ Mar 30 2017, 05:29 PM)
is coinbase safe? or is there any way to keep my eth other than online wallet.
*
Coinbase is indeed safe, and there's an interesting rumor of them opening a separate ETH section for stakers to earn interest with POS. Not sure how this'll play out.

anyway if you want more security and able to afford a hardware wallet, Trezor or Ledger provides you with peace of mind. No more worries of hacking.
kmarc
post Mar 30 2017, 09:39 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(TopCasinoPlayer @ Mar 30 2017, 05:51 PM)
Hi, any one still making money investing on bitcoin? im interest ..
*
Now it's a difficult time for Bitcoin as the direction is uncertain. Until and unless this is resolved, it looks like bitcoin is going nowhere. May even dip a bit. smile.gif

Waw... look at litecoin and golem! thumbup.gif
kjlow88
post Mar 31 2017, 12:15 AM

Getting Started
**
Junior Member
136 posts

Joined: Jun 2016
Hello guys, just wanna ask about Luno wallet , about Luno wallet is it good to fund the account ?
TSwengherng
post Mar 31 2017, 12:24 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kjlow88 @ Mar 31 2017, 12:15 AM)
Hello guys, just wanna ask about Luno wallet , about Luno wallet is it good to fund the account ?
*
Luno is not too bad, or you can also try XBit Asia, both are pretty good local exchanges for bitcoin trading.
However, one word of advice, please do NOT store your bitcoins (or any other cryptocurrencies) on online exchanges, aside for a small amount that you intend to use for trading purposes.
Use offline storage like paper wallets or hardware wallets instead.
TSwengherng
post Mar 31 2017, 12:52 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(WooTz @ Mar 30 2017, 10:06 AM)
On the site, using conventional two weeks shipping to my doorstep.

Holy smokes it's now RM500 with UPS express.
(Figures, their Hong Kong stock has been exhausted)

Try looking for a seller around you or organize a bulk purchase.
*
I'm not in Malaysia at the moment, and from where I am now, I can still get the item delivered to my doorstep at about RM390, so it's not too bad.
The only problem is that I have to wait for 3 weeks delivery from France.

QUOTE(nibblerz @ Mar 30 2017, 11:23 AM)
Was looking at this, from amazon. Want to get it together? Still haven't place my order.
https://www.amazon.com/gp/offer-listing/B01...8&condition=new
*
The deals look pretty good, but I am not in Malaysia now.
Anyway, it seems they don't need bulk purchase, and the delivery is free anyway, so you can go ahead and place your own order with them.
sirxl
post Mar 31 2017, 06:21 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
lovely green candle on ETC this morning.
sirxl
post Mar 31 2017, 06:50 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 31 2017, 12:24 AM)
Luno is not too bad, or you can also try XBit Asia, both are pretty good local exchanges for bitcoin trading.
However, one word of advice, please do NOT store your bitcoins (or any other cryptocurrencies) on online exchanges, aside for a small amount that you intend to use for trading purposes.
Use offline storage like paper wallets or hardware wallets instead.
*
Luno is more reliable since it's VC funded, deposits work on weekends and has higher liquidity.

https://www.techinasia.com/bitx-rebrands-luno
kmarc
post Mar 31 2017, 06:55 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 31 2017, 06:21 AM)
lovely green candle on ETC this morning.
*
You have ETC? I didn't buy any because I'm thinking it is like supporting hackers. shakehead.gif

Anyway, LTC also moved. I thought it was a dead coin and I almost wanted to sell it off. dry.gif

XRP also moved!! rclxm9.gif

The one I'm really waiting for is SC. It has increased by about 500% earlier but unless it is a fake coin, it HAS to move up. My 0.002 SC opinion only.

NAV not doing too well but with active development and promotion, should not be a problem.

Golem I tried to trade a bit, the traded bit now in the red, as expected! biggrin.gif

My fun coin, pink coin, also moving up slowly. So fun!!! smile.gif

This post has been edited by kmarc: Mar 31 2017, 06:57 AM
sirxl
post Mar 31 2017, 07:23 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 31 2017, 06:55 AM)
You have ETC? I didn't buy any because I'm thinking it is like supporting hackers.  shakehead.gif

Anyway, LTC also moved. I thought it was a dead coin and I almost wanted to sell it off.  dry.gif

XRP also moved!!  rclxm9.gif

The one I'm really waiting for is SC. It has increased by about 500% earlier but unless it is a fake coin, it HAS to move up. My 0.002 SC opinion only.

NAV not doing too well but with active development and promotion, should not be a problem.

Golem I tried to trade a bit, the traded bit now in the red, as expected!  biggrin.gif

My fun coin, pink coin, also moving up slowly. So fun!!!  smile.gif
*
I have a bit of ETC. There are big supporters for ETC.

NAV is a long term hold. They have many projects on their roadmap, stay tuned and come talk to Craig the lead dev next week at Bloktex 2017!
birain
post Mar 31 2017, 07:26 AM

良い一日を
******
Senior Member
1,448 posts

Joined: Apr 2007
guys, can recommend me a bitcoin wallet that can withdraw to Malaysian bank with the lowest fee possible, thx.
sirxl
post Mar 31 2017, 07:28 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(birain @ Mar 31 2017, 07:26 AM)
guys, can recommend me a bitcoin wallet that can withdraw to Malaysian bank with the lowest fee possible, thx.
*
here, it's the best:

#luno Sign up for Luno and get MYR 5.00 worth of Bitcoin when you buy or sell BTC 0.10, using code: 8NBYU

Sign up now at www.luno.com

add the code 8NBYU before you start trading.

This post has been edited by sirxl: Mar 31 2017, 07:28 AM
max_cavalera
post Mar 31 2017, 09:28 AM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh
XRP massive rally smile.gif
kmarc
post Mar 31 2017, 09:53 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 31 2017, 07:23 AM)
I have a bit of ETC. There are big supporters for ETC.

NAV is a long term hold. They have many projects on their roadmap, stay tuned and come talk to Craig the lead dev next week at Bloktex 2017!
*
Yeah, with active development, I'm not worried. Hope they are successful in the long run.

QUOTE(max_cavalera @ Mar 31 2017, 09:28 AM)
XRP massive rally smile.gif
*
Yup, as always, regret didn't by more. smile.gif

You have some? What other coins do you have?

Anyway, altcoins trends back to the usual trend, more green than red and higher percentage gain then lost.

This post has been edited by kmarc: Mar 31 2017, 09:56 AM
max_cavalera
post Mar 31 2017, 10:13 AM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh
QUOTE(kmarc @ Mar 31 2017, 10:53 AM)
Yeah, with active development, I'm not worried. Hope they are successful in the long run.
Yup, as always, regret didn't by more. smile.gif

You have some? What other coins do you have?

Anyway, altcoins trends back to the usual trend, more green than red and higher percentage gain then lost.
*
Just started buying xrp. Not much around 100+USD 2 days back...

Got around 10750++ xrp coin.

Thats all i have ohmy.gif
SUSdD_se7en
post Mar 31 2017, 10:18 AM

Ang! Ang! Ang!
*****
Senior Member
887 posts

Joined: Oct 2009
which platform you guys use to trade? which one is easiest to deposit and withdrawal?
TSwengherng
post Mar 31 2017, 11:05 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(dD_se7en @ Mar 31 2017, 10:18 AM)
which platform you guys use to trade? which one is easiest to deposit and withdrawal?
*
Use Luno or XBit Asia to buy/sell bitcoin.
Both allow deposits and withdrawals in Ringgit Malaysia.
Then, send your bitcoins to Poloniex for trading into other cryptocurrencies.


This post has been edited by wengherng: Mar 31 2017, 11:06 AM
kmarc
post Mar 31 2017, 11:10 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(max_cavalera @ Mar 31 2017, 10:13 AM)
Just started buying xrp. Not much around 100+USD 2 days back...

Got around 10750++ xrp coin.

Thats all i have ohmy.gif
*
Nice. My advice is not to be happy with 100 or 200% increase. Hold it tight and let it grow to 4-5 digit percentage gain!!!

QUOTE(dD_se7en @ Mar 31 2017, 10:18 AM)
which platform you guys use to trade? which one is easiest to deposit and withdrawal?
*
Yeah, like wengherng said, Luno or xbit. I haven't use Luno but I found xbit prices much better compared to localbitcoins or remitano.
sirxl
post Mar 31 2017, 11:28 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(dD_se7en @ Mar 31 2017, 10:18 AM)
which platform you guys use to trade? which one is easiest to deposit and withdrawal?
*
here, it's the best:

#luno Sign up for Luno and get MYR 5.00 worth of Bitcoin when you buy or sell BTC 0.10, using code: 8NBYU

Sign up now at www.luno.com

add the code 8NBYU before you start trading.

for altcoins use Poloniex
sirxl
post Mar 31 2017, 11:29 AM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(kmarc @ Mar 31 2017, 11:10 AM)
Nice. My advice is not to be happy with 100 or 200% increase. Hold it tight and let it grow to 4-5 digit percentage gain!!!
Yeah, like wengherng said, Luno or xbit. I haven't use Luno but I found xbit prices much better compared to localbitcoins or remitano.
*
xbit deposits don't work on weekends. take note. lol.
kmarc
post Mar 31 2017, 11:52 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(sirxl @ Mar 31 2017, 11:29 AM)
xbit deposits don't work on weekends. take note. lol.
*
Ya lor. I find it so inconvenient. Also inconvenient to transfer and email them and wait for approval.

OMG! Look at ripple!!!! Why I didnt buy more cry.gif
TSwengherng
post Mar 31 2017, 12:36 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Mar 31 2017, 11:52 AM)
Ya lor. I find it so inconvenient. Also inconvenient to transfer and email them and wait for approval.

OMG! Look at ripple!!!! Why I didnt buy more cry.gif
*
Damn, I just zoomed out on the Ripple historical chart.
It's lost more than 95% of its value from its all time high up until just one month ago, and is only recently picking up.
shocking.gif

sirxl
post Mar 31 2017, 12:43 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(wengherng @ Mar 31 2017, 12:36 PM)
Damn, I just zoomed out on the Ripple historical chart.
It's lost more than 95% of its value from its all time high up until just one month ago, and is only recently picking up.
shocking.gif
*
imagine the guys who bought XRP at 9600 sats and still waiting for higher pricing.
now that's a big pain.

This post has been edited by sirxl: Mar 31 2017, 12:44 PM
kmarc
post Mar 31 2017, 12:47 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 31 2017, 12:36 PM)
Damn, I just zoomed out on the Ripple historical chart.
It's lost more than 95% of its value from its all time high up until just one month ago, and is only recently picking up.
shocking.gif
*
Ya lor, when it went down, I was thinking of adding but I thought only Japan bank involvement so not so great. I think the spike now is because MUFG bank, apparently the 3rd largest Japan bank, just announced acceptance of ripple tech.

Thinking of whether to buy on the rise.

Wengherng, I cannot see the future but if you ask me, I'm putting my bet on SC. This is my dark horse coin and if the developers can make it work, it will be at the level of Storjcoin and maidsafe in the long term. Again, I'm a paranoid investor and I don't dump everything in. Nibbling a bit on the rise as I have so many coins to nibble. biggrin.gif Just a bigger nibble for SC. As you know, I'm spreading my funds across more than 20 types of coins. You don't have to follow but do consider getting a bit. My 0.0002 BTC opinion. wink.gif (but if lose money don't scold me!!! tongue.gif)

This post has been edited by kmarc: Mar 31 2017, 12:51 PM
TSwengherng
post Mar 31 2017, 02:01 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(sirxl @ Mar 31 2017, 12:43 PM)
imagine the guys who bought XRP at 9600 sats and still waiting for higher pricing.
now that's a big pain.
*
I'd be pretty messed up too, if I were to lose 95% of my hard-earned money just like that.
You'd need the price to go up by 20x just to recoup your original investment.


QUOTE(kmarc @ Mar 31 2017, 12:47 PM)
Ya lor, when it went down, I was thinking of adding but I thought only Japan bank involvement so not so great. I think the spike now is because MUFG bank, apparently the 3rd largest Japan bank, just announced acceptance of ripple tech.

Thinking of whether to buy on the rise.

Wengherng, I cannot see the future but if you ask me, I'm putting my bet on SC. This is my dark horse coin and if the developers can make it work, it will be at the level of Storjcoin and maidsafe in the long term. Again, I'm a paranoid investor and I don't dump everything in. Nibbling a bit on the rise as I have so many coins to nibble. biggrin.gif Just a bigger nibble for SC. As you know, I'm spreading my funds across more than 20 types of coins. You don't have to follow but do consider getting a bit. My 0.0002 BTC opinion. wink.gif (but if lose money don't scold me!!! tongue.gif)
*
I currently have ETH, BTC, NAV and DCR (this one is purely speculating, and currently I am in the red on this one) and am not a big fan of holding too many different coins as I don't have the time nor energy to keep up with the latest developments and news on all of them.
Why do you bet on SC? Any specific reason or reasoning behind your selection?


shahrul09
post Mar 31 2017, 03:14 PM

Regular
******
Senior Member
1,330 posts

Joined: Feb 2011
Hmm. Will XRP get 1 cent by monday.
max_cavalera
post Mar 31 2017, 03:18 PM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh
QUOTE(shahrul09 @ Mar 31 2017, 04:14 PM)
Hmm. Will XRP get 1 cent by monday.
*
Huh...sudah 2.3cents bro....

Ayam investment gain like almost 140% in 2 days
shahrul09
post Mar 31 2017, 03:21 PM

Regular
******
Senior Member
1,330 posts

Joined: Feb 2011
QUOTE(max_cavalera @ Mar 31 2017, 03:18 PM)
Huh...sudah 2.3cents bro....

Ayam investment gain like almost 140% in 2 days
*
$0.1

Wah so nice.
Look like ltc and dash gonna drop now

This post has been edited by shahrul09: Mar 31 2017, 03:22 PM
WooTz
post Mar 31 2017, 03:24 PM


******
Senior Member
1,011 posts

Joined: Nov 2006
Congratulations to XRP holders, 100% in a single day!
max_cavalera
post Mar 31 2017, 03:27 PM

rebirth
*******
Senior Member
5,613 posts

Joined: Jun 2006
From: Cyberjaya, Shah Alam, Ipoh
QUOTE(WooTz @ Mar 31 2017, 04:24 PM)
Congratulations to XRP holders, 100% in a single day!
*
biggrin.gif my beginner luck home run smile.gif

Best gain i made in bursa stock so far 20% gain in 2 days....

This one new milestone

Though kicimiao amount only
sirxl
post Mar 31 2017, 03:49 PM

On my way
****
Senior Member
583 posts

Joined: Dec 2004
QUOTE(shahrul09 @ Mar 31 2017, 03:14 PM)
Hmm. Will XRP get 1 cent by monday.
*
The person with a working crystal ball will know, or the coconuts. dry.gif
-CoupeFanatic-
post Mar 31 2017, 04:59 PM

Enthusiast
*****
Junior Member
812 posts

Joined: May 2012
kmarc Siacoin reminds me of Sia - Chandelier. SC gonna swing big bruh...to the chandelier
SUSdD_se7en
post Mar 31 2017, 05:17 PM

Ang! Ang! Ang!
*****
Senior Member
887 posts

Joined: Oct 2009
QUOTE(sirxl @ Mar 31 2017, 11:28 AM)
here, it's the best:

#luno Sign up for Luno and get MYR 5.00 worth of Bitcoin when you buy or sell BTC 0.10, using code: 8NBYU

Sign up now at www.luno.com

add the code 8NBYU before you start trading.

for altcoins use Poloniex
*
luno does not support ETH tho, you have to bitcoin and convert to ETH which the fess has been charged multiple times.
TSwengherng
post Mar 31 2017, 05:19 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(dD_se7en @ Mar 31 2017, 05:17 PM)
luno does not support ETH tho, you have to bitcoin and convert to ETH which the fess has been charged multiple times.
*
I don't think there is any Malaysian online exchange that can allow you to trade directly from ringgit malaysia to ETH.
SUSdD_se7en
post Mar 31 2017, 05:46 PM

Ang! Ang! Ang!
*****
Senior Member
887 posts

Joined: Oct 2009
QUOTE(wengherng @ Mar 31 2017, 05:19 PM)
I don't think there is any Malaysian online exchange that can allow you to trade directly from ringgit malaysia to ETH.
*
I see, coz i currently using Coinbase, allowed sgd to eth
kmarc
post Mar 31 2017, 05:58 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Mar 31 2017, 02:01 PM)
I'd be pretty messed up too, if I were to lose 95% of my hard-earned money just like that.
You'd need the price to go up by 20x just to recoup your original investment.
I currently have ETH, BTC, NAV and DCR (this one is purely speculating, and currently I am in the red on this one) and am not a big fan of holding too many different coins as I don't have the time nor energy to keep up with the latest developments and news on all of them.
Why do you bet on SC? Any specific reason or reasoning behind your selection?
*
Oh, where to begin? I think decentralized "cloud" storage will be the future. There are many decentralized blockchain-based storage out there but only siacoin has a price that is so low, presumably because it is still in it's early development? Siacoin's volume is so low and it is not a centre of attention yet. Cryptos are usually pumped regardless of fundamental but for Siacoin's case, the concept is good and work are being done to bring it to fruition. Minebox (I think it is called) is an upcoming NAS that will support BTC and SC. Siacoin is in early development and buying some SC is like buying a company that has not listed on the stock exchange.

Errmmmm... That's as much as I can think of now. whistling.gif

Of course, if siacoin fails to achieve it's development objective....... I guess you could say it is gambling as I'm taking a gamble that this company and siacoin will be somewhat successful. thumbup.gif

Edit : Last but not the least, my 0.0002 SC opinion only. blush.gif

QUOTE(-CoupeFanatic- @ Mar 31 2017, 04:59 PM)
kmarc Siacoin reminds me of Sia - Chandelier. SC gonna swing big bruh...to the chandelier
*
To the chandelier on the ceiling? No no, hopefully to the moon! thumbup.gif

This post has been edited by kmarc: Mar 31 2017, 07:49 PM
kmarc
post Mar 31 2017, 08:03 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Waw, look at bitstar. What coin is that? hmm.gif

Anyway, I have finished the lending tutorial and put it in the 2nd page as mod can't move my post. Oh well.......

This post has been edited by kmarc: Mar 31 2017, 08:05 PM
TSwengherng
post Apr 1 2017, 12:55 AM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
All those red candles on both NAV and DCR...... cry.gif


kmarc
post Apr 1 2017, 07:00 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Apr 1 2017, 12:55 AM)
All those red candles on both NAV and DCR......  cry.gif
*
If you don't mind me asking, what's the price you buy in?

Last night a lot of altcoins were hit after BTC went up. Not too sure why BTC going up when it should be going down...... hmm.gif
jack2
post Apr 1 2017, 01:36 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
I saw my my friend is setup up one place for his mining.. It seems it is profitable for him... Otherwise, he won't setup a new place (like room) and have many instances..

Really can do ah?
I am thinking to do also but need people to join venture together.
kmarc
post Apr 1 2017, 02:29 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(jack2 @ Apr 1 2017, 01:36 PM)
I saw my my friend is setup up one place for his mining.. It seems it is profitable for him... Otherwise, he won't setup a new place (like room) and have many instances..

Really can do ah?
I am thinking to do also but need people to join venture together.
*
How I wished I can buy some mining equipment. However, I don't think I can buy these equipment over here in Sarawak. sad.gif

Lol, my fun coin Pinkcoin is almost 80% gain. I didn't even think it has any potential to rise! rclxub.gif
TSwengherng
post Apr 1 2017, 02:31 PM

Regular
******
Senior Member
1,865 posts

Joined: Jun 2008
QUOTE(kmarc @ Apr 1 2017, 07:00 AM)
If you don't mind me asking, what's the price you buy in?

Last night a lot of altcoins were hit after BTC went up. Not too sure why BTC going up when it should be going down......  hmm.gif
*
I think I got some NAV at around 0.00090 (so still in the green for me) and DCR at around 0.0128 (way in the red).
I've already set automatic sell orders for them, so I'll just forget about them for now and let them sit.

QUOTE(jack2 @ Apr 1 2017, 01:36 PM)
I saw my my friend is setup up one place for his mining.. It seems it is profitable for him... Otherwise, he won't setup a new place (like room) and have many instances..

Really can do ah?
I am thinking to do also but need people to join venture together.
*
What coins is your friend mining?
Some of the altcoins are still profitable at the moment......although if you ask me, the returns from mining are not really worth the trouble, when compared to just trading the actual coins on the exchange.

kmarc
post Apr 1 2017, 02:43 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(wengherng @ Apr 1 2017, 02:31 PM)
I think I got some NAV at around 0.00090 (so still in the green for me) and DCR at around 0.0128 (way in the red).
I've already set automatic sell orders for them, so I'll just forget about them for now and let them sit.
What coins is your friend mining?
Some of the altcoins are still profitable at the moment......although if you ask me, the returns from mining are not really worth the trouble, when compared to just trading the actual coins on the exchange.
*
I see. I think already not too far off. Hopefully it will go up a bit.

For me, I'm Hodling it and hope to see it rise at least to the mountain in the future.

Unless you can get something like antminer or the thing I think they call ASIC USB plugins. I think that would be easier.

This post has been edited by kmarc: Apr 1 2017, 02:43 PM
jack2
post Apr 1 2017, 02:48 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(kmarc @ Apr 1 2017, 02:29 PM)
How I wished I can buy some mining equipment. However, I don't think I can buy these equipment over here in Sarawak.  sad.gif

Lol, my fun coin Pinkcoin is almost 80% gain. I didn't even think it has any potential to rise!  rclxub.gif
*
What coins are worth to trade and invest now ya?
kmarc
post Apr 1 2017, 03:04 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
QUOTE(jack2 @ Apr 1 2017, 02:48 PM)
What coins are worth to trade and invest now ya?
*
Haha, I also don't know. That's why I bought so many types and I'm aiming long term. Some have potentials but it may take months to years before it goes up. At the moment, the only coin, besides bitcoin, that has potential is Ethereum I guess. However, it is already so "expensive" and so painful to spend money to see so few coins in the wallet. Do hope it will rise high one day. smile.gif

This post has been edited by kmarc: Apr 1 2017, 03:08 PM
jack2
post Apr 1 2017, 03:08 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(wengherng @ Apr 1 2017, 02:31 PM)
I think I got some NAV at around 0.00090 (so still in the green for me) and DCR at around 0.0128 (way in the red).
I've already set automatic sell orders for them, so I'll just forget about them for now and let them sit.
What coins is your friend mining?
Some of the altcoins are still profitable at the moment......although if you ask me, the returns from mining are not really worth the trouble, when compared to just trading the actual coins on the exchange.
*
I also don't know what coins he is mining but he said one PC cost RM 9k.
kmarc
post Apr 1 2017, 06:02 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak
Waw! Bitcoin just has to increase 5% and altcoins gets a bloodbath. Would be a good strategy to exit some altcoins the next time nearing resolution of bitcoin's problem. ETH and XRP surprisingly holding up quite well.

In other news, my fun coin, pinkcoin, is up 133%! Lol. Never thought it will be pumped too but as always, no need fundamentals in crazy cryptoland. rclxub.gif

This post has been edited by kmarc: Apr 1 2017, 06:18 PM
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

11 Pages  1 2 3 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.2072sec    0.92    6 queries    GZIP Disabled
Time is now: 6th December 2025 - 07:51 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.