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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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TSwengherng
post Jul 7 2017, 09:46 AM

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QUOTE(jack2 @ Jul 7 2017, 09:02 AM)
Bittrex has issue in withdrawal?

Unverified account withdraw limit has been reached. Please try again in 24 hours. To increase your limits, please verify your account. See this link for more details.

Basic account: Just withdraw 1 BTC worth of digital account (max level allowed for basic account is 3 BTC) but it popped up this message.
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Bittrex has 3 levels of account verifications.
1. Unverified account - 1 BTC
2. Basic account - 3 BTC
3. Enhanced account - 100 BTC

Are you sure you are verified to Basic account already?
If you are outside of the USA, you will need to verify with your mobile phone number.

TSwengherng
post Jul 7 2017, 11:03 AM

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QUOTE(Secruoser @ Jul 7 2017, 10:44 AM)
Ya since we don't really store the quantity of coins but just the keys to access them in the blockchain network. How about multiple instances of deposits and also multiple types of tokens? Won't it increases the file size? 
 
Also, when people buy coins from ICO's, where to find wallet and exchange that supports the new coin?
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The only limit of the Ledger Nano S is the number of apps that can be installed in its memory (I think something like 5 or 6 apps?) so basically, it can hold 5 or 6 types of supported tokens, be it bitcoin, ether, ripple, litecoin, etc.
You can transact (deposit and withdraw) a million times on each token, and it doesn't matter.

Unfortunately, both Trezor and Ledger only support very limited types of tokens, so in case you have a token that is not supported, then you have to either store it in the developer's official wallet for the individual tokens, or on 3rd party wallet services like MyEtherWallet (for ERC20-type tokens).
If not available, then you really have no choice but to store them on online exchanges, and take the risk.

TSwengherng
post Jul 7 2017, 11:28 AM

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QUOTE(Secruoser @ Jul 7 2017, 11:22 AM)
Thanks for the kind replies. 
 
One can only drool when someone who bought RM500 worth of Bitcoins in 2010 is worth half a billion ringgit now. He could have been scammed of his RM500 but that amount seems like a small risk compared to the potential return.
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The best time to invest in cryptocurrencies was back in 2009.

The second best time to invest in cryptocurrencies is NOW.


TSwengherng
post Jul 7 2017, 11:58 AM

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QUOTE(Ch3n_low @ Jul 7 2017, 11:33 AM)
Is it still on early stage to invest now? Buy and hold or invest in GPU hardware mining? haha
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To invest as in to buy cryptocurrencies, yes.
We are still quite in the early days.
Cryptocurrency is not yet matured.
When one day you see everyone buying and selling things with cryptocurrency just as naturally as using cash or credit card, then we can say it has achieved global adoption.
I'd say we are at least a good 5 - 10 years away from that.

I don't do mining, so I can't advise you there.

TSwengherng
post Jul 7 2017, 12:01 PM

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So, it is confirmed on the TenX slack announcement channel officially.

TenX PAY tokens will be available for trading on Bittrex starting at 4pm UTC (midnight in Singapore) on 7th July 2017.

rclxm9.gif


TSwengherng
post Jul 7 2017, 01:56 PM

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QUOTE(WooTz @ Jul 7 2017, 12:46 PM)
Any predictions on PAY/ETH price later tonight?

I'm calling 0.03!

No moon until mass card rollout!
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That would be roughly around USD 8 at the moment......sounds plausible.
Actually, I'm kind of thinking that it would spike momentarily, you know, like go to some ridiculous level like 0.1 ETH or something, then back down to more reasonable levels.
hmm.gif

TSwengherng
post Jul 7 2017, 01:58 PM

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QUOTE(kbandito @ Jul 7 2017, 01:21 PM)
It was 350PAY to 1ETH right? So cost was 0.003 for the 4,000 that got it
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Actually it was 420 PAY to 1 ETH due to the 20% bonus, so the ICO cost should be around 0.0024 ETH.

TSwengherng
post Jul 7 2017, 04:28 PM

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I have tears in my eyes......looking at Siacoin.
cry.gif

TSwengherng
post Jul 7 2017, 04:36 PM

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QUOTE(ate @ Jul 7 2017, 04:25 PM)
Lol dubaicoin freakin ridiculous, 140000% up from mar 2017.

see how it shot up within previous month to today.
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Strangely, there are two DubaiCoins......DBIC and DBIX.
DBIX rose from USD 1 to USD 47 over the last 3 months...... blink.gif

TSwengherng
post Jul 7 2017, 05:04 PM

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QUOTE(AllnGap @ Jul 7 2017, 05:00 PM)
i read this TENX white paper

it said to be zero costs, how they achieve that as compared to traditional banking.
considering spending crypto also require spread to buy/sell for market making.
that part has been kept hidden
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It is not zero cost......nothing is free in this world.
They explained it in various updates that the user has to pay the prevailing token-fiat sale price using the best available market rate obtained from all the major exchanges.
And even then, there is still the cost of actually using Visa or Mastercard's services, which is actually paid by the merchant (hence "zero" cost to the user).
This is also how TenX earns their profit.

TSwengherng
post Jul 7 2017, 11:42 PM

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QUOTE(shahrul09 @ Jul 7 2017, 11:14 PM)
Will eth see 200$ this weekend, or 150-200$

Heard that tenx already liquidate 30% of their ETH fund,
Eos and tezos also will liquidate their eth i think.
This gonna give alot of pressure to the eth price.
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Yes they did liquidate a portion of the ETH received, and converted it into fiat for hedging their expenses for the next 5 years.
It's a business after all, so they need to diversify their holdings in order to ensure the company can still survive in the event of a cryptocurrency crash, etc.

QUOTE(dc_talkz @ Jul 7 2017, 11:34 PM)
double check. What's the ICO price for 1 PAY token again?
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Approximately USD 0.80 or roughly 0.0024 ETH.

TSwengherng
post Jul 7 2017, 11:59 PM

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QUOTE(Secruoser @ Jul 7 2017, 11:55 PM)
Starting officially in 5 minutes.
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This is exciting.
Will it soar to the skies?
Will it crash to the abyss?
Will it just linger around doing nothing?

We shall see...!
bruce.gif

TSwengherng
post Jul 8 2017, 12:34 AM

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Weak hands are dumping for meagre profits.
Now's your chance to pick up cheap PAY tokens!

TSwengherng
post Jul 8 2017, 12:29 PM

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QUOTE(1malaysiajib @ Jul 8 2017, 12:16 PM)
Why do you expect ETH to go down to 150-200 ?

Do you recommend one to buy this weekend if it goes to 150+ ? or should  i wait ?
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If it dipped to USD 150+, I'd be stocking up for sure.
Even pumping in fresh money.

Also, PAY just listed on one major exchange, and within the last 12 hours has already entered the top 50 by market cap.
Imagine when it lists on another two or three more exchanges.
I'm going to stock up a bit more of it as well.

Cheap coins everywhere.

TSwengherng
post Jul 8 2017, 11:43 PM

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QUOTE(dirtymartini @ Jul 8 2017, 10:46 PM)
im not in the loop for tenx, can someone explain why coinmarketcap currently reports a 97% decrease in pay tokens? https://coinmarketcap.com/assets/tenx/
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QUOTE(PrincZe @ Jul 8 2017, 10:49 PM)
i'd say it was before it got into exchange, the value during ICO sale was 60 usd. hence it drop so much to 1 usd
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QUOTE(PrincZe @ Jul 8 2017, 10:56 PM)
value was 420 pay to 1 eth during ico. there's bonus but can ignore.
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QUOTE(heavensea @ Jul 8 2017, 11:08 PM)
Thanks, I wonder why google tenx but bo bad news like price dropped.
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The ICO price was actually 1 ETH to 350 PAY, with an additional 20% bonus, so basically 1 ETH = 420 PAY.
Price was around USD 0.82 per PAY at that time.
Several days before the ICO, there were IOUs being traded and pumped to over USD 80 per PAY.
That's why when the actual PAY tokens became tradable, with opening prices hovering around USD 1.20, the coinmarketcap system automatically calculates it as a near 100% crash in price.
Don't be alarmed.

TSwengherng
post Jul 8 2017, 11:52 PM

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QUOTE(PrincZe @ Jul 8 2017, 11:48 PM)
it will nice to see them get rectified
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I don't think coinmarketcap will rectify it.
Just wait until over 24 hours, until the market data is out of the percentage calculation.
Actually it should happen within the next 10 minutes.


This post has been edited by wengherng: Jul 8 2017, 11:53 PM
TSwengherng
post Jul 9 2017, 12:34 AM

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QUOTE(Secruoser @ Jul 9 2017, 12:26 AM)
Yea, it looks more accurate now. The first bar 88888 ETH for 1 PAY was the culprit of the stupid -98% representation.
 
The PAY volume is amazing.
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Looking good on Bittrex now.
Coinmarketcap will need a few more hours before it is reflected properly.

TSwengherng
post Jul 9 2017, 10:53 AM

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QUOTE(kmarc @ Jul 9 2017, 09:40 AM)
Great! Coins are recovering. Hope to sell of some off my deep sea fishes which is now deep deep fried sea fishes.....  sweat.gif

Bitcoin's price is still going strong even with the war going on. Is that a good sign?  hmm.gif

Other news : Largest Food Delivery Platform in Germany Integrates Bitcoin : https://cointelegraph.com/news/largest-food...egrates-bitcoin
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Shouldn't you be buying more during this time of great discounts, instead of selling?
Once the banks open tomorrow, I'm going to load up some more on ETH.

TSwengherng
post Jul 10 2017, 10:03 AM

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QUOTE(ccsang @ Jul 10 2017, 09:26 AM)
Thank for info, any chance where I can get normal market price from Malaysia market ? May be I will buy more later
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It is important to note that there is no "market price" for bitcoin.
Price is decided by consensus individually in each country and on each exchange.
So basically, it means that bitcoin is worth whatever price the general public is willing to buy and sell it, and depends greatly on adoption, awareness and liquidity.
Every country has it's own bitcoin price, and usually differs from each other by a couple of percentage points.
The market price you see on coinmarketcap and other bitcoin price websites are just taking a global average from all the large online exchanges, and does not reflect prices on a regional level.

TSwengherng
post Jul 10 2017, 01:18 PM

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QUOTE(ccsang @ Jul 10 2017, 11:38 AM)
May be my question is wrong, where to buy bitcoin to avoid transaction fee processing fee
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You cannot avoid all such fees, nothing is free in this world.
When you send bitcoins from one address to another, even if from your online wallet to your own hardware wallet, there will be transaction fees for the miners, otherwise there will be no incentive for people to maintain nodes up and running.
But generally it is relatively low, something like USD 1 or thereabouts, so I wouldn't worry about it.
That said, you should not bother sending too low amounts per transaction, otherwise the transaction fee will seem too high, percentage wise.

For processing fee, this depends greatly on exchanges, but generally nobody is going to maintain a functioning online exchange for free either.
Either they will impose a maker/taker fee, or just one flat fee for all transactions, like 0.2% or something.

If you really do not want to pay any processing fee, you can buy directly from a seller, but then you would be taking a risk (scammers everywhere these days).
I recommend that you always include a reasonable transaction fee for all your transactions. Setting zero fees, or even too low a fee, you will just risk your transaction not being taken up at all, or being taken up but put to the very end of the congestion backlog where it can remain in limbo for days until either it is finally processed, or worse, purged from the mempool and returned to your wallet (i.e. transaction failed).


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