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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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Andrew Lim
post Dec 11 2017, 11:00 AM

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QUOTE(myvi5949 @ Dec 11 2017, 10:53 AM)
anyone can recommend me a wallet service? can i trust Luno? reputable?
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Yes it's reputable as an exchange. Just enter the correct reference code Luno gives you into your payment details correctly when making deposit. Otherwise your payment will be stuck in a queue for possibly a week or more. I hear their support is super slow especially at this busy time.

For wallet only offline wallets are truly safe.

This post has been edited by Andrew Lim: Dec 11 2017, 11:00 AM
Andrew Lim
post Dec 11 2017, 11:36 AM

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QUOTE(UserU @ Dec 11 2017, 11:34 AM)
One guy got rekt trying to liquidate short on XBTUSD. Ended up losing over 2 mil.
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QUOTE(alchmiya @ Dec 11 2017, 11:35 AM)
Got article or source? Want to read about it.
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Discussed on this Reddit thread

I think due to the way shorts work, he didn't lose the whole 2 million but 200k
Andrew Lim
post Dec 11 2017, 02:20 PM

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QUOTE(yamasakai @ Dec 11 2017, 02:14 PM)
Besides that guy shorting $2m worth of BTC at 15k each, I couldn't find any other stories.
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https://twitter.com/BitmexRekt
Andrew Lim
post Dec 11 2017, 04:40 PM

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A lot of people thought the futures trading would drive BTC down.
Instead...

Andrew Lim
post Dec 11 2017, 08:51 PM

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QUOTE(SimonCheah @ Dec 11 2017, 08:47 PM)
Anyone here interested to start a new cryptocurrency under our own name? I need a few 'coding specialist' to start.
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Too many cryptos already. More profitable to create cryptos exchanges.

When there is a gold rush, sell shovels. biggrin.gif
Andrew Lim
post Dec 11 2017, 09:22 PM

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QUOTE(SimonCheah @ Dec 11 2017, 09:02 PM)
Andrew, let's work things out here. Are you an IT guy? I need a good IT guy. The first hurdle to set up an exchange for RM market is lack of liquidity. And I'm not sure how to set up an exchange for USD trade?? You have any idea??
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I'm in IT but no relevant crypto coding experience, sorry.
Andrew Lim
post Dec 12 2017, 11:03 AM

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QUOTE(FatalExe @ Dec 12 2017, 10:36 AM)
Not sure why LTC is mooning right now.
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I bought by first LTC coin today (from coinexy). I think because it's still relatively cheap and most of the western exchanges provide it as an option by default.
Andrew Lim
post Dec 12 2017, 12:17 PM

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QUOTE(f5calvin @ Dec 12 2017, 11:23 AM)
How do we make purchases on LTC? It seems vy hot lately. Thro bittrax ?
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I bought mine from coinexy. Created an account, deposited into seller Maybank account, then he transferred the LTC.
Andrew Lim
post Dec 12 2017, 12:27 PM

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QUOTE(charlescheesepie @ Dec 12 2017, 12:23 PM)
when will see next major movement for bitcoin ? the price has flat lined since past 2 days till now.
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18 Dec. That's when CME futures launch.
Andrew Lim
post Dec 12 2017, 12:30 PM

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QUOTE(CE|C93 @ Dec 12 2017, 12:27 PM)
Their selling price currently RM2k more expensive than Luno  rclxub.gif
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RM2k? I only used it to buy LTC, didn't touch BTC or the others...
Andrew Lim
post Dec 12 2017, 08:31 PM

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LTC went up 73% in the past 24 hours. laugh.gif
Attached Image

My guess is cheap fees, and still relatively cheap to own a full LTC coin.
Andrew Lim
post Dec 12 2017, 09:41 PM

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QUOTE(chinti @ Dec 12 2017, 09:29 PM)
i deposited money today but until now still nt in my account... cry.gif
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Have you deposited before into Luno? It usually doesn't take very long if you enter their reference no. correctly into ref no. and payment details.
Andrew Lim
post Dec 15 2017, 01:11 PM

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Planning to move all my BTC to offline storage from Luno. Any recommendations on what wallet to use that is convenient? Dedicated 2-Factor/external/hardware isn't necessary for me because only I have access to my phone/PC for now.
Andrew Lim
post Dec 15 2017, 02:42 PM

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Moved all my BTC from Luno to my local Electrum wallet (2 transfers, each took about 5 minutes to get confirmed).

Going to just lock it away and keep it long term now. smile.gif
Andrew Lim
post Dec 15 2017, 03:25 PM

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QUOTE(keane04 @ Dec 15 2017, 03:14 PM)
may I know how to convert my btc in luno into bcc? I have registered the bitcoincash/freewallet wallet.

may i know what is smart contract?
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Why do you want to convert from btc to bcash? dry.gif
Andrew Lim
post Dec 15 2017, 05:39 PM

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QUOTE(raaj1818 @ Dec 15 2017, 05:20 PM)
Hi guys! I am getting started with Cryptocurrencies and just signed up for Luno, and do you guys think investing in Ether is a much better option compared to BTC?
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I suggest to diversify and don't fully commit into any single crytocurrency. Nobody truly knows what will happen in the future. Unless you're a day trader, just buy some from both and hodl.
Andrew Lim
post Dec 15 2017, 09:02 PM

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QUOTE(ycs @ Dec 15 2017, 07:54 PM)
all those who used Luno will get 'love letter' from BNM soon
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QUOTE(yushin @ Dec 15 2017, 08:41 PM)
Probably a letter to advice you that if you play virtual currency and got scammed don't cry father cry mother to BNM.
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What's your source of this information? hmm.gif
Andrew Lim
post Dec 15 2017, 11:11 PM

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QUOTE(Secruoser @ Dec 15 2017, 11:08 PM)
https://www.financemagnates.com/cryptocurre...rd-coming-soon/

Does anyone want to buy BCH? No need to convert back to fiat soon. Just spend with VISA debit card.
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Unless it supports normal BTC or other alts, not interested.
Andrew Lim
post Dec 15 2017, 11:41 PM

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QUOTE(roy_zu @ Dec 15 2017, 11:20 PM)
Is this even legit? Whats the source?
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QUOTE(djhenry91 @ Dec 15 2017, 11:36 PM)
wait bnm lo..bnm want talk with 4 local bitcoin exchange..
maybe this form pass to them fill
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Seems like the form comes from this document (page 41)
http://www.bnm.gov.my/index.php?ch=57&pg=150&ac=660&bb=file
Andrew Lim
post Dec 16 2017, 01:13 AM

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QUOTE(Secruoser @ Dec 16 2017, 12:52 AM)
Why though? Curious.
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If the bitcoin cash card doesn't support the top 2 currencies (BTC and ETH), it's just a marketing tool for BCH. I don't use Bitcoin Cash at all, or even plan to hold any. smile.gif



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