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 Bitcoin and other Cryptocurrencies v2

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zamans98
post May 29 2017, 02:16 AM

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QUOTE(shahrul09 @ May 28 2017, 03:42 PM)
Polo using usdt.
Not usd.
Sometimes usdt going up or might going down compared to usd.
*
USDt is always 1:1 to US dollar. Tested and confirmed.
Check with their support.
zamans98
post May 29 2017, 04:31 PM

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QUOTE(wengherng @ May 29 2017, 03:01 PM)
No, it's not always 1:1.
It usually (and very easily) swings a couple of percent each way.
Just like recently when it dropped to as low as USD 0.92.
not sure where does the info goes wrong.. USDt is peg to USD, 1:1

U wire fund from local bank to your tehter wallet. This is 1USD = 1USDt

you fund your polo account using this USDt. it will and always be 1:1. I don;t see my USDt grew or shrink, still the same value there, even the USDt coin is at 1.04 now



CODE


Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD.

The Tether white paper explains in more detail the motivation for developing a dollar-pegged cryptocurrency by listing advantages to individuals using it for dollar-denominated transactions rather than using dollars held in “legacy bank” accounts


zamans98
post May 29 2017, 05:05 PM

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QUOTE(honght @ May 29 2017, 11:50 AM)
Yes.
If you want to deposit your BTC straight to Poloniex, you can give the address from Poloniex instead of

Seller -> Luno -> Poloniex
Meaning there is no seller to match your buy order yet.
You can either increase your buying price or wait for the seller willing to sell you at the price of 180 USD/ETH
*
by default, your LUNO account carries LUNO wallet, however you can add other wallet inside.

come on, the charges is puny, why make a big fuss over it?

and GST 6% u can swallow, this small amount being calculative.. aiyo
zamans98
post May 29 2017, 05:17 PM

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QUOTE(honght @ May 29 2017, 05:13 PM)
Have you not heard about there are transactions got delayed because of the unconfirmed blocks in the blockchain ?
Why do you want risk your BTC getting stuck in the chain for transferring twice instead of once straight to the destination ?
Just my 0.000002 BTC.
*
delayed? no, never encountered one. All within the hour.

dude, the charges is so micro... even reverse 10x. BTC values increases in time. jangan berkira sangat.
zamans98
post May 29 2017, 05:29 PM

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QUOTE(honght @ May 29 2017, 05:22 PM)
Which is exactly my point.
BTC values increase in time thus why waste the time to send through two transactions instead of one ?

Luno even issued notice about it.
https://www.luno.com/blog/en/post/dynamic-send-fees
*
well,TBH, i don;'t mind at all. the delay is because of what? Transactions volume is major culprit.

Unless you day trader or scalper...

source sembang kencang : https://themerkle.com/bitcoin-experiencing-...ays-what-to-do/
zamans98
post May 29 2017, 05:30 PM

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QUOTE(blueblueoutofblue @ May 29 2017, 05:20 PM)
in order to compensate the transaction time for BTC

what i did.. i converted my BTC to altocoin , trf to another exchange tongue.gif

then... altocoin naik a bit, i sell it over there to compensate the fee biggrin.gif
*
good strategy, only catch if the market reverse quickly like Friday-Saturday
zamans98
post May 29 2017, 05:37 PM

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QUOTE(blueblueoutofblue @ May 29 2017, 05:35 PM)
choose the altcoin that has most volatile volume tongue.gif
*
hah, i did to XRP and what left is 50% of the initial value. bangwall.gif vmad.gif
zamans98
post May 29 2017, 05:40 PM

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building a GPU miner with RX570. Adding more cards later.

prices for GPU just went banana this month...
zamans98
post May 29 2017, 05:44 PM

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QUOTE(honght @ May 29 2017, 05:41 PM)
So based on the current status of the blockchain on https://bitcoinfees.21.co/#delay
the fastest and cheapest transaction fee is around 360 satoshi/byte and on average its around 500 byte per transaction.

360 * 500 = 180000 sat = 0.00180000 BTC = approx 4 USD.

Again, it depends on your wallet when you send out the transaction.
hmm.gif
*
Avoid sending during rush hour. its okay BTC resides on the web based wallet. When transactions are lower, do send.

JAPAN and KOREAN are crazy, pulling up ETH everytime it dipped ... wow...
zamans98
post May 29 2017, 05:46 PM

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QUOTE(jack2 @ May 29 2017, 05:43 PM)
What does "went banana this month" mean? Become expensive?
*
yes. Jadi "goreng pisang".

478, 480 = no stock. ronda lolyat. none found. brand apek ada la. not trusting in those.
1060 3gb = up by almost 300 bucks.

the rest are just extremely expensive.
zamans98
post May 29 2017, 06:14 PM

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As I said, my USDt in Polo remains unchanged, despite Coin USDt at 1,05

I still have a solid round USD transferred from Tether Wallet.
The value remained unchanged.

How so then?
zamans98
post May 29 2017, 11:19 PM

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QUOTE(honght @ May 29 2017, 06:16 PM)
So you're sending USDT instead of BTC...?
*
Local Bank > Tether Wallet > Polo > buy BTC >use BTC buy cross coins EG BTC/Doge or BTC/ETH
zamans98
post May 29 2017, 11:22 PM

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QUOTE(blueblueoutofblue @ May 29 2017, 06:28 PM)
why no choose Golem tongue.gif
it's value up 100% for 3 days le
*


No more USD liao, all locked in multi coins. A lot in XRP..
Wait till next mini crash.

zamans98
post May 30 2017, 12:17 AM

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QUOTE(vknight @ May 30 2017, 12:02 AM)
HI

How do you buy Teether using a local bank?

Thanks
*
USDt is same like Paypal or Neteller in a digital form, so you exchange your FIAT dollar to digital dollar.

Tether ---> http://tether.to/

So open account with them, get verified.
Then Wire your fund into this your account here. u can open EURO, USD and YEN. MYR is not supported.

Then you can spend your USDt to many exchange

https://www.bitfinex.com/
https://www.cryptopia.co.nz/
https://poloniex.com/
https://shapeshift.io/
https://www.kraken.com/

I'm using POLO as an example. They don't allow WIRE incoming, so use alternative which is USDt.
Debit your tether wallet, credit your polo USD account.

So TL;DR

CIMB/Maybank --> Tether Wallet (Wire deduction etc) --> POLO (no charges) ---> buy BTC ---> sell BTC --> get dollar (USDt), then sent back to your Tether
Wallet (Charge 1$ per transaction)

Tether to POLO and vice-versa transactions takes as fast as BITCOIN transfer. Because it is using OMNI layer protocol.

Question led to answer by Tether. Since they PEGGED their USDt to USD, why there is big movement breakdown in USDt?
It should be always 1:1 (~ +/- few percentage is normal)

zamans98
post May 30 2017, 12:20 AM

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QUOTE(vknight @ May 30 2017, 12:03 AM)
Possible to fund BTC-e using local bank transfer?...thanks
*
why u want to venture to BTC-e platform? its slow, ageing and price wise is expensive vs Bitfinex or POLO

open tether wallet. u can have options to buy more coins with multiple exchanges.
zamans98
post May 30 2017, 12:55 AM

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QUOTE(1wildcat1 @ May 30 2017, 12:39 AM)
What's the wiring fees usually?
*
local wire fees: depending on your bank. HSBC is usually cheaper. Public Bank charges Rm30 + FX

US side they deduct 20$ to $35 [last check, depending on the receiving bank that Tehter provide to you]

Do not cash out from Tether wallet, just transfer to POLO or whatever exchange, then buy BITCOIN ---> sell locally. its cheaper and faster, plus u may gain on BTC price movements.

U can trade arbitrage with Tether but not worth the time.

BUY cheap at POLO, sent to your Bitfinex. Liquidate there, transfer back to Wallet.

then from wallet back to POLO and repeat.




zamans98
post May 30 2017, 12:35 PM

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QUOTE(WooTz @ May 30 2017, 08:02 AM)
A bit high is a huge understatement, median fee is now US$2.10 (RM9)

This is hilariously unsustainable
*
what is 2$, if the profit u making in hundreds? Jangan kedekut
zamans98
post May 30 2017, 03:25 PM

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QUOTE(Enigmatic @ May 30 2017, 12:43 PM)
Because we have to see Bitcoin past profit gains from its scarcity. For it to be a utility of value which can be transferred betwern parties it has to be cheap to transfer, quick to transfer and easily accessible. Otherwise it simply isn't sustainable for Bitcoin to be in existence.
*
Then it seems you are in a wrong business here.
Trade stock, got charges, buy/sell gold.. Semua ada
Trade BON, IPO, options, Forex all have charges.
U use PayPal, use CC also have double charges.


U can gain value by holding. My point is simple, don't be kiasu

Only Asian so calculate on puny charges, but failed to see a bigger picture.
zamans98
post May 31 2017, 10:24 AM

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QUOTE(WooTz @ May 31 2017, 10:00 AM)
This is the thing I really don't understand, why must buy or mine ETH?

Why not perform services and trade goods while offering discounts for ETH payments?

Why not study computer science and join one of the startups and get paid in ETH?

Anyway I'm revising my price target for 30th June thanks to Okcoin joining the fun, the floor looks solid at $300
*
Different people have different views. Not everyone are same view. U will never understand sometimes, why they do it..

Coins are now seems more for speculation game, more than payment.

Maybe in next 20 years

zamans98
post May 31 2017, 10:25 AM

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QUOTE(thesnake @ May 31 2017, 10:18 AM)
same thinking for me as well, another frustration is how to easily buy coins from MYR as its really frustrating to deal with slow transactions of current available trading platforms.
*
well, good thing is lesser speculator if easy to buy via MYR

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