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> 1 Bitcoin equals 12047.03 Malaysian Ringgit, Monster Bull run continue...

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a13solut3
post Jun 6 2017, 02:32 PM

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QUOTE(hjffgjng @ Jun 6 2017, 02:30 PM)
cpu doesnt affect eth??

low end cpu for eth also ok?
*
You will die if you use your CPU to mine ETH sweat.gif

Besides that, only one CPU do mining will not be sufficient to farm any coin la lol.


JaniceWLV
post Jun 6 2017, 02:34 PM

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Parking first
SUSxeda
post Jun 6 2017, 02:36 PM

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QUOTE(Subang Nuclear Reactor @ Jun 6 2017, 02:32 PM)
But yeah how do you categorized it, it isn't currency anyway

And you can't say that it's precious metal like gold and silver, because gold and silver albeit limited, they are consumed in a lot of processes, mainly electronics or as catalysts

Maybe there is a new term to define bitcoin
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At this point it's just speculation - I wouldn't call bitcoin an investment. People are speculating on bitcoins potential.

Gotta be careful in putting your own hard cash into a speculation - it's always a high risk high reward thing.
hjffgjng
post Jun 6 2017, 02:40 PM

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QUOTE(xeda @ Jun 6 2017, 02:36 PM)
At this point it's just speculation - I wouldn't call bitcoin an investment. People are speculating on bitcoins potential.

Gotta be careful in putting your own hard cash into a speculation - it's always a high risk high reward thing.
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you could buy vpn servcies wif bitocin

and oppresed venezuelan,who had no money, can convert bitcoin into food,is that still worthless by your count?
wodenus
post Jun 6 2017, 02:40 PM

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QUOTE(hjffgjng @ Jun 6 2017, 02:24 PM)
1 btc = 10000 myr

10 btc is 100k myr

if u dat rich,no need to bother lah,i bet riza aziz would just laugh at crypto
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That's not rich, 600k won't even buy a house in a good location these days. Rich is like 100mil, that is rich maybe. And even then it's only 20mil+ USD.

Foreign buying on KLSE yesterday was Rm189m smile.gif




AskarPerang
post Jun 6 2017, 02:40 PM

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heavensea
hjffgjng
post Jun 6 2017, 02:43 PM

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QUOTE(wodenus @ Jun 6 2017, 02:40 PM)
That's not rich, 600k won't even buy a house in a good location these days. Rich is like 100mil, that is rich maybe. And even then it's only 20mil+ USD.

Foreign buying on KLSE yesterday was Rm189m smile.gif
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https://www.reddit.com/r/ethereum/comments/...42o&sh=6f01b671

this guy 100m richer bcoz he bought it in 2014,are you gonna say he stupid bcoz he buy that lot?

even he work entire life,he couldnt be milionaire for all we know

now he can convert the eth slowly,to cash
SUScocbum4
post Jun 6 2017, 02:44 PM

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QUOTE(a13solut3 @ Jun 6 2017, 02:08 PM)
i did not touch LTC as they have ASIC miners around.

ETH is ASIC resistant.
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How jew sure there is no asic for other coin
May be not for public just like ant miner
ihatemynahs
post Jun 6 2017, 02:46 PM

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luckily i buyed sum just 3mths ago, nao moar than doubled, hehe
TheDeadlySins420
post Jun 6 2017, 02:46 PM

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ETH also up
wodenus
post Jun 6 2017, 02:47 PM

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QUOTE(mcko @ Jun 6 2017, 02:29 PM)
1. Open private bank account in other country that is crypto friendly (swiss, singapore)
2. Sell all in one shot using reputable / regulated OTC boutique broker in that country, send the cash to new account
3. If still want to stay here, figure out how to declare so you can send back here and spend. Probably can try declare as capital gains and foreign derived income, non-taxable
4. If don't want stay here anymore, migrate like and pump the money there.
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They will let you open one? you have no money, only the expected unrealized millions from BTC that might not even be there after the account is open.

So if they let you open one, the next step is to send a few million dollars worth of bitcoin to a complete stranger in the hope that he will deposit a few million dollars in your account, am I right?





a13solut3
post Jun 6 2017, 02:49 PM

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QUOTE(cocbum4 @ Jun 6 2017, 02:44 PM)
How jew sure there is no asic for other coin
May be not for public just like ant miner
*
jgn fikir banyak sangat la.. rosak otak tau.
wodenus
post Jun 6 2017, 02:49 PM

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QUOTE(hjffgjng @ Jun 6 2017, 02:43 PM)
https://www.reddit.com/r/ethereum/comments/...42o&sh=6f01b671

this guy 100m richer bcoz he bought it in 2014,are you gonna say he stupid bcoz he buy that lot?

even he work entire life,he couldnt be milionaire for all we know

now he can convert the eth slowly,to cash
*
How would that work in the Malaysian context?
Subang Nuclear Reactor
post Jun 6 2017, 02:52 PM

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QUOTE(hjffgjng @ Jun 6 2017, 02:32 PM)
yea

but bnm too busybody

good thing bout bitcoin,u r your own bank,no one can freeze your bitcoin,doesnt matter if the coin come from halal/illegal source
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so just as the saying goes

it's regulated currency vs non-regulated currency all over again.

we can do it freely right now just because it ain't regulated in malaysia. unlike in united states, you have to pay tax for bitcoin capital gain, unlike in china, you can only trade bitcoin personally and all financial institutions are prohibited from trading or advising bitcoin trades

i for once support regulating currency, so does more than half of the countries in this world

This post has been edited by Subang Nuclear Reactor: Jun 6 2017, 02:53 PM
mcko
post Jun 6 2017, 02:52 PM

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QUOTE(wodenus @ Jun 6 2017, 02:47 PM)
They will let you open one? you have no money, only the expected unrealized millions from BTC that might not even be there after the account is open.

So if they let you open one, the next step is to send a few million dollars worth of bitcoin to a complete stranger in the hope that he will deposit a few million dollars in your account, am I right?
*
With your kind of attitude whatever also susah lah
Spectreoutreach
post Jun 6 2017, 02:53 PM

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Genesis mining just restock their sha 65 contract. So hurry if u want freshly mint bitcoin
hjffgjng
post Jun 6 2017, 02:53 PM

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QUOTE(wodenus @ Jun 6 2017, 02:49 PM)
How would that work in the Malaysian context?
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i dunno

i buy gold,or open bank akaun in other country i guess

why u so concern wif liquidity

if a person stumble large voulme oil/rseources/land,it will be hard for any joe schome to cash all of it too instant
ar188
post Jun 6 2017, 02:54 PM

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QUOTE(a13solut3 @ Jun 6 2017, 02:32 PM)
You will die if you use your CPU to mine ETH  sweat.gif

Besides that, only one CPU do mining will not be sufficient to farm any coin la lol.
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boss, i still remember u mining in 2015 time when btc 1k value, from 2015 to 2017 did you still continue mining via GPU, or now only start ETH?
wodenus
post Jun 6 2017, 02:55 PM

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QUOTE(hjffgjng @ Jun 6 2017, 02:53 PM)
i dunno

i buy gold,or open bank akaun in other country i guess

why u so concern wif liquidity

if a person stumble large voulme oil/rseources/land,it will be hard for any joe schome to cash all of it too instant
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They key word is "large volume". Apparently 600k is "large volume" in the local bitcoin scene. Which is interesting because in the regulated markets 600k is a negligible amount of volume smile.gif

This post has been edited by wodenus: Jun 6 2017, 03:00 PM
hjffgjng
post Jun 6 2017, 02:55 PM

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QUOTE(Subang Nuclear Reactor @ Jun 6 2017, 02:52 PM)
so just as the saying goes

it's regulated currency vs non-regulated currency all over again.

we can do it freely right now just because it ain't regulated in malaysia. unlike in united states, you have to pay tax for bitcoin capital gain, unlike in china, you can only trade bitcoin personally and all financial institutions are prohibited from trading or advising bitcoin trades

i for once support regulating currency, so does more than half of the countries in this world
*
but countries starting up to support bitcoin too

like japan

if japan could support decentralized,why not somebody else

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