QUOTE(Doggystyle @ Dec 7 2017, 05:33 PM)
Hi friends,
So far, this is my experience with bitcoin, added a wallet in Luno and Blockchain. Bought a few hundred buck from Remitano and also direct from Luno. Sold a bit from Luno, bank in to mbb.
I want to wet my hands with some other cryptocoins. Since none of it would accept MYR so things get a bit complicated (BTC to buy coins and etc).
The process flow would be something like this, please correct me if I'm wrong:
a) Identify some site to buy Monero (for example)
b) use BTC to buy Monero (transfer from Blockchain)
c) Ok, this is the part where I need some help...
Say, over some time Monero increase in value....do I exchange it back to BTC?
d) Final part: Get BTC back to Luno, and get money in mbb.
Trying to figure this puzzle right now. I'm good for all kind of suggestion.
it depends on your end goal. if u want more Monero, u buy when Monero is cheap and keep.
you can move it out to the exchange, wait for long term prices then put it back and sell it.
or u can just trade BTC vs Monero, buy when BTC is high, sell when Monero is high vs BTC.
you will end up with more BTC, then you can send it back to Luno and cash out.