What is the liquidity like?
1 Bitcoin equals 12047.03 Malaysian Ringgit, Monster Bull run continue...
1 Bitcoin equals 12047.03 Malaysian Ringgit, Monster Bull run continue...
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Jun 6 2017, 11:15 AM
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#1
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All Stars
14,990 posts Joined: Jan 2003 |
What is the liquidity like?
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Jun 6 2017, 11:18 AM
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#2
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14,990 posts Joined: Jan 2003 |
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Jun 6 2017, 12:01 PM
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#3
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QUOTE(max_cavalera @ Jun 6 2017, 11:47 AM) I answer indirectly lar. That is if the site doesn't get "hacked" and you still have your wallet. Also the fall from 4000 in 2014 took about three years to recover.If correction in stock market takes a month to recover. Cryptocurrency world take just a week. If i can make 5-20% gain a month in bursa. In crypto inroughly double the money every month.... This post has been edited by wodenus: Jun 6 2017, 12:02 PM |
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Jun 6 2017, 12:52 PM
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#4
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Jun 6 2017, 12:54 PM
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#5
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Jun 6 2017, 12:59 PM
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#6
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Jun 6 2017, 01:00 PM
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#7
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QUOTE(acer7254 @ Jun 6 2017, 12:24 PM) even if u own bunch of bitcoins now, that can turn into million of profits Another millionaire?still will not satisfy you enough, suppose you purchase 100k-200k of btc back to 2010 when u see on the screen computer, on the forum, and u laugh at it when the price still on few cent. or at least purchase when the price still at $5. i could be a freaking billionaire profits right now. but be grateful, million is better than nothing though |
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Jun 6 2017, 01:02 PM
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#8
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Jun 6 2017, 01:04 PM
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#9
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QUOTE(ate @ Jun 6 2017, 11:54 AM) cant go wrong when universities, toyota, jp morgan, microsoft, deloitte, banks in europe, japan and china and all the big players are backing cryptocurrency You can pay for Windows and cars in some alt coin now? you can buy cryptocurrency at the banks in Europe, Japan and China?This post has been edited by wodenus: Jun 6 2017, 01:05 PM |
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Jun 6 2017, 01:10 PM
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#10
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Jun 6 2017, 01:18 PM
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#11
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QUOTE(acer7254 @ Jun 6 2017, 01:06 PM) $300,000,000 Out of curiosity, how do you sell it? if a few million turns up in your bank account, won't everyone be suspicious?Fuk Better sell it off, since eth is unlimited supply Or, the price jump up to $1000 and he will be crying like a baby. After all, crypto world still 80% on speculating game than doing a real economic trading Random people just gonna be a millionre. Mostly a geek |
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Jun 6 2017, 02:03 PM
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#12
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Jun 6 2017, 02:13 PM
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#13
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Jun 6 2017, 02:14 PM
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#14
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QUOTE(a13solut3 @ Jun 6 2017, 02:10 PM) Try localbitcoins.com , you will be able to sell BTC at slightly inflated price with immediate payment into your local bank account. Do you have experience in large volume? what might happen if we sell 1000? if you want to go in, might as well go in big, otherwise what's the point.Been there done that. Overall process took about 10 min average with a reputable sellers. Used maybank and i reused the money into purchasing machine to mine. This post has been edited by wodenus: Jun 6 2017, 02:15 PM |
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Jun 6 2017, 02:18 PM
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#15
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QUOTE(hjffgjng @ Jun 6 2017, 02:15 PM) After power and cooling and maintenance, I wonder if there's any left. Besides, people have large server farms, one GPU is kind of micro-scale.This post has been edited by wodenus: Jun 6 2017, 02:18 PM |
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Jun 6 2017, 02:19 PM
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#16
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QUOTE(hjffgjng @ Jun 6 2017, 02:18 PM) No point trading if there's no liquidity then. We already have the equivalent of 50 btc in local investments alone, and all of it can be liquidated tomorrow if it comes to that, legal too.This post has been edited by wodenus: Jun 6 2017, 02:20 PM |
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Jun 6 2017, 02:22 PM
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#17
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QUOTE(Subang Nuclear Reactor @ Jun 6 2017, 02:20 PM) It's just like a commodity So the spread is wide due to low liquidity, like most local REITs?As long as there are people willing to buy your coins, you will see cold hard cash within minutes But if people decided to buy 0.25, and another one is buying 0.5coins Then it might take a day to 2 for your btc to turn to cash |
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Jun 6 2017, 02:24 PM
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#18
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QUOTE(xeda @ Jun 6 2017, 02:21 PM) I'd be wary in investing cold hard cash now in bitcoins as it seems that it's a very illiquid investment at the current buying/selling price - and your only source of profit is from capital appreciation - unlike stocks at the very least even if you hold you'll get dividends each year. LOL 50 BTC less than 1 mil.. already got liquidity issue, summore want to trade. Dump 600K in UT (for instance) and no one even blinks Only way forward if you'd wanna invest in bitcoin now is to mine your own coin - but this also involves actual hard cash since you'd need to pay bills and such. It would be a different thing altogether if bitcoin is widely recognized as a global currency like USD and ha actual usage in real life (e.g - buying a bottle of water at my next door grocery shop). If that is the future of bitcoin then heck dump all your entire life savings in it. |
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Jun 6 2017, 02:40 PM
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#19
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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, 02:47 PM
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#20
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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) 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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