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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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post Nov 18 2020, 10:55 AM

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USDT/MYR rate is slowly going down...

I guess many MY traders sold their coins and started to realise the gain back to MYR.... also at the same time USD is dropping...

Full of USDT MY sellers...

This post has been edited by thankyou: Nov 18 2020, 10:57 AM
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post Nov 18 2020, 05:13 PM

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QUOTE(Patent @ Nov 16 2020, 06:42 PM)
anyone knows where can we buy usdt with rate similar or close to current rate? (1 usdt = 4.13 myr)

I know binance has a p2p trade but the rate is a bit higher which I don't really like.
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If you're keen on buying USDT, can buy now...

Today many are selling at 4.13...
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post Nov 18 2020, 06:16 PM

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QUOTE(Zenph @ Nov 18 2020, 05:57 PM)
lmao why so cheap today? what happen?
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Maybe two reason...

USD/MYR Fx @ 4.10
Many Malaysian offloading USDT...
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post Nov 18 2020, 10:53 PM

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QUOTE(Juan86 @ Nov 18 2020, 10:35 PM)
among btc usdt and myr

keep which one better?

not sure the direction here
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biggrin.gif

Same headache... USD/MYR is 4.09 now...

Expecting USDT to follow... Maybe 4.12 soon..

I'll most likely keeping USDT for now.. may transfer to hardware wallet over tron network...
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post Nov 18 2020, 11:28 PM

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QUOTE(Juan86 @ Nov 18 2020, 10:58 PM)
usdt safe ah, i heard keep printing
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Better ask the pro here...

Maybe USDC safer...
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post Nov 20 2020, 10:10 PM

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Damn.. sold at 480... Wanted to buy back but being greedy and queue ETH@465 since last night...

Boom... ETH rocket now...
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post Nov 21 2020, 10:18 PM

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My Crypto wallet is burning now...

Being naive chasing over XRP's hype...

Let's see if it goes 0.5 or not....
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post Nov 22 2020, 09:02 PM

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QUOTE(Andrew Lim @ Nov 22 2020, 06:12 PM)
I bought a few ETH when it was $100 in March. But I sold most of it before it reached $300. I also wish I had time machine to go back and buy more. I didn't buy more then because it seemed like it would drop down to $50. biggrin.gif
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Haha! biggrin.gif Everyone wish the same thing...

I did the same "mistake" when I sold it at 480... but my investment was much later than you this year...

================================

Btw, any Cobo vault user here?

I'm considering buying Cobo Vault Essential... Do have Ledger Nano X now...

They are offering 15% Black Friday discount now...
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post Nov 22 2020, 09:48 PM

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QUOTE(Eithanius @ Nov 22 2020, 09:40 PM)
What's the advantage over the Nano X...?
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Nothing... It happened to be my 1st hardware wallet... What I don't like is the password... It's troublesome to key in...

Don't mind trying Cobo/Trezor T...
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post Nov 22 2020, 10:24 PM

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QUOTE(Eithanius @ Nov 22 2020, 09:59 PM)
That's the downside of not having a touchscreen...  sweat.gif

Any time I can feel the butang nak tanggal... ph34r.gif
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You also Nano X owner? Will you consider changing another Hardware wallet?
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post Nov 23 2020, 08:18 PM

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QUOTE(jack2 @ Nov 23 2020, 08:03 PM)
Why USDc is not so famous?
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Yea, I'm also thinking why? Maybe USDC is on ETH network and high transaction cost? I'm more keen to keep USDC rather than USDT...


QUOTE(doraemonkiller @ Nov 23 2020, 08:13 PM)
Binance 0% fee for p2p (fiat money to crypto). The answer is obvious d.
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Smaller transactions P2P is the best way... but for 6 - 7 digits worth of MYR... better go with LUNO to avoid BNM/IRB to knock on your door... They will give you 1000 excuses that you have broken the law... and you will end up like the couple in the news... "Illegal Crypto Trader"...

I've been to LHDN twice due to tax issues (non crypto related)... It's very tiring arguing with the officer as they will never listen to you...
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post Nov 23 2020, 08:30 PM

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QUOTE(iqlas @ Nov 23 2020, 08:25 PM)
But I thought digital asset are non taxable in SEA(based on googling). So how can they charge you with anything? Did you end up having to pay fine or somesort?
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I can't answer you my friend... That's what I'm trying to say... You may not have broken any law but authority have a thousands of "excuses" to fine you...

I paid about 20-30% with rayuan... You can't possibly get away with "pay nothing" especially when they knock on your door with letter... unless you really have strong case to back you up...



So take Binance as example... are you gong to tell LHDN the profit you made from Binance market + P2P? It's already illegal from BNM's point of view...

Small amount no issue... big amount then you gotta be careful...

This post has been edited by thankyou: Nov 23 2020, 08:31 PM
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post Nov 23 2020, 08:58 PM

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QUOTE(doraemonkiller @ Nov 23 2020, 08:36 PM)
6-7 digits go for Luno? Are u sure Luno got large volumn?

[attachmentid=10698705]
LHDN din't call me but I went to LHDN office to check with them. Ofcoz I pay a lot of tax to LHDN every year, probably more than Luno. And bank know I use my personal account for crypto trading. This is because BNM allow us to trade crypto.

When do p2p trading, remember this:
1. DO NOT accept third party transfer. If receive third party transfer, refund to them. IC name in the platform must always match with the bank name to AVOID money laundry and third party scam.
2. If the ads able to add T&C, you can create rules to avoid third party scam, money laundry, and investment scam.
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I can't answer that biggrin.gif What just trying to say Luno the legal way...


I myself had never trade past 5 digits... so no comments... so far so good only with Binance P2P...

Just as we discuss...

https://www.theedgemarkets.com/article/irb-...%9D%20he%20said.

QUOTE
Sabin explained that Malaysia’s existing tax structure base is already quite narrow as it is reliant on corporate income tax, personal income tax and petroleum tax, which had seen a slight drop due to oil price volatility.

He also pointed out that tax planning and evasion are enabled in the absence of the capital gains tax.

Sabin added that the tax is important when it comes to taxation on cryptocurrency, intangible and other digital assets in the future.

“Without the capital gains tax, these assets will be left untaxed, and it encourages aggressive tax planning and evasion,” he said.

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post Nov 23 2020, 09:10 PM

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QUOTE(doraemonkiller @ Nov 23 2020, 09:05 PM)
usually is 5 digits or below. I thought u trade at luno but Binance pulak lol. If LHDN want to find u, u trade at Luno or p2p exchange also same 1.
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Binance P2P is too good not to use it! as small kaki like me... LHDN/BNM not interested in looking at my account...

Some P2P traders are crazy... Amazing 3000 P2P trades per month...
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post Nov 23 2020, 09:57 PM

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QUOTE(doraemonkiller @ Nov 23 2020, 09:14 PM)
XRP break 0.5 USD. I remember last year XRP market cap rank 2 and ETH rank 3.
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Actually what drives XRP up so high? for ETH, we know it's ETH 2.0...
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post Nov 24 2020, 10:56 AM

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QUOTE(jack2 @ Nov 24 2020, 10:49 AM)
Is it staking in our own wallet or it needs to transfer to their wallets?

I have 150 ETH
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Need to transfer to them...

This post has been edited by thankyou: Nov 24 2020, 11:03 AM
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post Nov 26 2020, 09:58 AM

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QUOTE(MPIK @ Nov 26 2020, 09:29 AM)
Faster cash out... Crypto market gonna bubble soon and crash!
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Red red red... I've just loaded some bullets on XRP... Hope I'm correct... Need 10 cents to make some profit...

This post has been edited by thankyou: Nov 26 2020, 09:59 AM
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post Nov 26 2020, 11:58 AM

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QUOTE(SmallPenguin @ Nov 26 2020, 11:43 AM)
Cut loss with 25% loss of portfolio
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I'm still holding on as I just pump 10k into XRP @ 0.62... profit or no... depending on XRP now...

Either I enjoy Christmas or gonna sell my PS5 biggrin.gif
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post Nov 26 2020, 12:23 PM

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QUOTE(SmallPenguin @ Nov 26 2020, 12:03 PM)
This morning i thought i bought in dip enough, went to have coffee, and saw flash crashed.. now regret sold lol dry.gif
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Who knows maybe it might crash further... We don't know what the big whales are working at the background... Usually news release after the things happened so it's hard to follow...

I regret not selling the initial profits at 0.71 yesterday...
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post Nov 26 2020, 12:46 PM

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QUOTE(MPIK @ Nov 26 2020, 12:38 PM)
how much do you enter the boat?
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In total 13k @ average 0.62-0.63... I think XRP could have been peaked... At least the crypto world are all red...

I would be quite worry if only XRP is -%

This post has been edited by thankyou: Nov 26 2020, 12:47 PM

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