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 Bitcoin and other Cryptocurrencies v2

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Ash1988
post May 16 2017, 09:24 AM

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Dear all, am new here. Do I really need a hardware wallet for me to start invest in crypto please?

Am a small player smile.gif
Ash1988
post May 28 2017, 11:26 AM

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Am new to crypto world. Can anyone recommend which exchange is safe to buy altcoins with USD?

I have tried CEX.IO so far ok..but limited coins only.
Ash1988
post May 28 2017, 05:28 PM

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QUOTE(tatty89 @ May 28 2017, 04:20 PM)
For those using CEX.io, how are you planning to make withdrawals for USD? I've tried adding my debit card but it seems like there is a problem. If use credit card to make cash withdrawal, it will incur a high fee from the bank sad.gif
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Yea credit card withdrawal is 5% of the amount. But I guess we have no choice right.
Unless keep it in wallet for long term.
Ash1988
post May 30 2017, 09:38 AM

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Is it still ok to buy ETH now at $190+ ?
Ash1988
post May 31 2017, 02:24 PM

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QUOTE(kmarc @ May 31 2017, 02:03 PM)
If you have a lot, better keep in hardware wallet. More info on the first page.
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How alot is alot actually?
Ash1988
post May 31 2017, 02:59 PM

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QUOTE(kmarc @ May 31 2017, 02:34 PM)
OMG! So many terminologies!  rclxub.gif At least learn something new today.  biggrin.gif

I have no idea at the moment. Have been only doing swing trades with my existing coins. Will need to start reading crypto news again and hang out in trollbox too.....  smile.gif
No recommended value. It is up to you to decide depending on how comfortable you are with leaving your coins on exchanges. There are also other ways of keeping your coins but the best is still a hardware wallet.

A forumer here uses "Rule of 5" meaning if the value you hold is 5x more than the value of a hardware wallet, it would be good to get one. Hardware wallets cost about RM300-400 at the moment.
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Thanks however for daily trading it's best to keep in exchange right? To transfer the coin to wallet require some fees.
Ash1988
post May 31 2017, 03:31 PM

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QUOTE(rickyro @ May 31 2017, 03:22 PM)
Okay.... I also want to get a hardware wallet... Will order from the above link
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I ordered from Jack2, he is doing bulk order. ETA is end June.
Its actually cheaper than buying 1 from the site...the shipping fee is killing.
Ash1988
post May 31 2017, 07:05 PM

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QUOTE(WooTz @ May 31 2017, 06:40 PM)
Place a buy order on the ETH/BTC pair, "market" buys it immediately, "limit" lets you set your custom price.

Never hodl crypto in any exchanges.

You have a few options:

- Set up multisig wallet on mist wallet

- Set up paper wallet via MEW(MyEtherWallet)

- if your amount is larger than say, RM1000. It'll be a good idea to buy a hardware wallet instead.
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Reason for not holding is because the exchange might close shop or hacker might compromise the account, Right?
But if mfa is setup isn't it safe?

Ash1988
post Jun 1 2017, 11:10 PM

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Deep red sea incoming
Ash1988
post Jun 3 2017, 09:55 AM

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QUOTE(jack2 @ Jun 3 2017, 09:53 AM)
How true is this?
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It's true 50k will trigger flag for AML checking.
I work in a bank.
Ash1988
post Jun 3 2017, 10:19 AM

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QUOTE(jack2 @ Jun 3 2017, 09:57 AM)
Wah... If below, no trigger?
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QUOTE(soonming @ Jun 3 2017, 10:05 AM)
Is this a new rule or has it been there for ages?
Means if each transaction is 49999 it's ok? What if multiple transactions? Will it be flagged?
Just asking. I wish I had this issue to worry about.
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QUOTE(raynman @ Jun 3 2017, 10:08 AM)
What if our source of funds is legit?

Can I still do more than RM50K in a single transaction?

What sort of penalty will be imposed if I really contravene AMLA?
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Definitely not new rule, has been there for years. Basically it is the total cash movement be it deposit or withdrawal that aggregated for the day.
E.g. Deposit 40k and Withdraw 20k for that day then its reportable to BNM.
You can find all your answers here.

http://amlcft.bnm.gov.my/AMLCFT05b.html
Ash1988
post Jun 4 2017, 03:14 PM

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How much does it need to build a decent mining machine?
Ash1988
post Jun 4 2017, 04:55 PM

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QUOTE(kmarc @ Jun 4 2017, 04:35 PM)
One million siacons can buy how many vegas? tongue.gif

I'm referring to AMD Vega line-up la.... wink.gif
I have no idea. Maybe only now people found out about siacoin. Another reason could be that there's not much roadblocks compared to when it was at 50 sats. Last time, to get to 100 sats saw a 600 BTC roadblock while the path to 150 sats saw a 1,500 BTC roadblock!!!!
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Bro how to see all these roadblock thing? I am starting to pickup SIA coins now.
Ash1988
post Jun 6 2017, 10:55 PM

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Correction is on the way
Ash1988
post Jun 7 2017, 04:50 PM

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QUOTE(CoinZin @ Jun 7 2017, 04:46 PM)
I was searching for a better (or best) option to store my beloved cryptos, and found Ledger Nano S.

I only sell what I use personally for myself. I don't even trust some of the exchanges - e.g. see Mt Geox.
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Hi when is yr stock coming in? I have already preordered last week.
Ash1988
post Jun 9 2017, 10:46 AM

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QUOTE(WooTz @ Jun 9 2017, 06:48 AM)
While it's going to be hard to replicate 25x gains in 5 months, you still have plenty of opportunity to buy in golden ICOs that has immense potential or existing product and userbase.

Such ICOs are the upcoming Status(SNT), OmiseGo (OMG), Tenx(PAY), and the biggest one of the year, Kik messenger(KIN)

You can also buy some token that collect dividends based on total transaction on their product, such as DICE and DGD.

Prediction markets like REP and GNO would be huge as well, worth looking into such projects and do your due diligence.
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Bro how to buy ICO since they are not listed in exchanges?
Ash1988
post Jun 10 2017, 11:38 AM

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Lol dgb has been dumped like hell after the citi presentation.
Ash1988
post Jun 10 2017, 12:30 PM

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QUOTE(Bitnick @ Jun 10 2017, 12:26 PM)
Hello Guys,

I'm am new with this cryptocurrency, I did try CEX.io and deposited 100usd for exchange with ETH, upon trying to withdraw/transfer my ETH a notification popped out saying "New accounts are not allowed to withdraw funds in the first 48h".

after that I became paranoid and searched over google and facebook. and most of I've read are negative ones saying that they had problems with withdrawing their balances...

is this normal?, will I able to withdraw my ETH after 48h? are there anyone there who've used CEX.io who withdrew their balances properly?

thank you in advance for those who will reply, your answers are very much appreciated.
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Can withdraw after that. Don't worry. It's normal for new account.
But don't use cex the fee is expensive. Prefer Luno and send it to Polo for trading.
Ash1988
post Jun 10 2017, 12:37 PM

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QUOTE(Bitnick @ Jun 10 2017, 12:36 PM)
oh I see, maybe I am just paranoid... thank you much  nod.gif

do they accept credit cards in luno?
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No, Luno accept transfers from banks.

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