QUOTE(hjffgjng @ Jun 6 2017, 02:30 PM)
You will die if you use your CPU to mine ETH Besides that, only one CPU do mining will not be sufficient to farm any coin la lol.
1 Bitcoin equals 12047.03 Malaysian Ringgit, Monster Bull run continue...
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Jun 6 2017, 02:32 PM
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1,759 posts Joined: Mar 2007 From: _|_ |
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Jun 6 2017, 02:34 PM
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163 posts Joined: Feb 2011 |
Parking first
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Jun 6 2017, 02:36 PM
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740 posts Joined: May 2007 From: Land of Smiles. |
QUOTE(Subang Nuclear Reactor @ Jun 6 2017, 02:32 PM) But yeah how do you categorized it, it isn't currency anyway At this point it's just speculation - I wouldn't call bitcoin an investment. People are speculating on bitcoins potential. 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 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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Jun 6 2017, 02:40 PM
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221 posts Joined: May 2017 |
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. you could buy vpn servcies wif bitocinGotta be careful in putting your own hard cash into a speculation - it's always a high risk high reward thing. and oppresed venezuelan,who had no money, can convert bitcoin into food,is that still worthless by your count? |
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Jun 6 2017, 02:40 PM
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(hjffgjng @ Jun 6 2017, 02:24 PM) 1 btc = 10000 myr 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.10 btc is 100k myr if u dat rich,no need to bother lah,i bet riza aziz would just laugh at crypto Foreign buying on KLSE yesterday was Rm189m |
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Jun 6 2017, 02:40 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
heavensea
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Jun 6 2017, 02:43 PM
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221 posts Joined: May 2017 |
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. https://www.reddit.com/r/ethereum/comments/...42o&sh=6f01b671Foreign buying on KLSE yesterday was Rm189m 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 |
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Jun 6 2017, 02:44 PM
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57 posts Joined: Jan 2015 |
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Jun 6 2017, 02:46 PM
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48 posts Joined: Dec 2010 |
luckily i buyed sum just 3mths ago, nao moar than doubled, hehe
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Jun 6 2017, 02:46 PM
Show posts by this member only | IPv6 | Post
#150
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288 posts Joined: Nov 2013 From: Autonomous State of Sarawak |
ETH also up
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Jun 6 2017, 02:47 PM
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(mcko @ Jun 6 2017, 02:29 PM) 1. Open private bank account in other country that is crypto friendly (swiss, singapore) 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. 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. 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? |
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Jun 6 2017, 02:49 PM
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1,759 posts Joined: Mar 2007 From: _|_ |
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Jun 6 2017, 02:49 PM
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14,990 posts Joined: Jan 2003 |
QUOTE(hjffgjng @ Jun 6 2017, 02:43 PM) https://www.reddit.com/r/ethereum/comments/...42o&sh=6f01b671 How would that work in the Malaysian context?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 |
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Jun 6 2017, 02:52 PM
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Junior Member
165 posts Joined: Dec 2015 From: Sydney/ Shanghai/ KL |
QUOTE(hjffgjng @ Jun 6 2017, 02:32 PM) yea so just as the saying goesbut 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 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 |
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Jun 6 2017, 02:52 PM
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Junior Member
98 posts Joined: Jan 2003 From: Alpha Centauri |
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. With your kind of attitude whatever also susah lahSo 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? |
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Jun 6 2017, 02:53 PM
Show posts by this member only | IPv6 | Post
#156
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Senior Member
856 posts Joined: Jan 2008 |
Genesis mining just restock their sha 65 contract. So hurry if u want freshly mint bitcoin
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Jun 6 2017, 02:53 PM
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221 posts Joined: May 2017 |
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Jun 6 2017, 02:54 PM
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9,206 posts Joined: Jun 2006 |
QUOTE(a13solut3 @ Jun 6 2017, 02:32 PM) You will die if you use your CPU to mine ETH 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?Besides that, only one CPU do mining will not be sufficient to farm any coin la lol. |
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Jun 6 2017, 02:55 PM
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(hjffgjng @ Jun 6 2017, 02:53 PM) i dunno 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 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 This post has been edited by wodenus: Jun 6 2017, 03:00 PM |
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Jun 6 2017, 02:55 PM
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221 posts Joined: May 2017 |
QUOTE(Subang Nuclear Reactor @ Jun 6 2017, 02:52 PM) so just as the saying goes but countries starting up to support bitcoin tooit'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 like japan if japan could support decentralized,why not somebody else |
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