Me. Havent hit yet.

Do not mix up legal tender with currency. Crypto is not currency and will never be recognised as one as long as it is not backed by a country. It is no more than a commodity just like oil and gold which is priced in US Dollars. Buy itself it has no value unless a country recognises it as a legal tender (you can count by number of fingers on your hand) or as 'equity' by a country's Security Commissions as a Digital Exchange. If Malaysia's SC did not list LUNO (and the other 2 local companies) as Digital Exchange, crypto would have no value in Malaysia and cannot be exchanged for Ringgit Malaysia and therefore no value in Malaysia. Yes Bitcoin carries USD but unlike USD Fiat currency which can be traded to Ringgit Malaysia in local Forex, without a recognised Digital Exchange, Bitcoin would be worthless in Malaysia.

Halloo.. P2P method means converting it to another currency and then converting to Ringgit. Not direct Bitcoin to Ringgit coz there were no licensed digital exchange to do so in Malaysia. That is how people trade forex in Malaysia with foreign brokers since there are no SC registered Forex brokers in Malaysia. The value you mention is still in USD which is the recognised legal currency in Malaysia when you try to transfer your funds back. That is the point I'm trying to make.

Halloo.. P2P method means converting it to another currency and then converting to Ringgit. Not direct Bitcoin to Ringgit coz there were no licensed digital exchange to do so in Malaysia. That is how people trade forex in Malaysia with foreign brokers since there are no SC registered Forex brokers in Malaysia. The value you mention is still in USD which is the recognised legal currency in Malaysia when you try to transfer your funds back. That is the point I'm trying to make.

Without a legal exchange you can't convert BTC to MYR. P2P means you give your BTC to someone who eventually has to sell it to USD to buy MYR to give it to you in MYR. Read this up on how currency actually works. Just because your BTC gets sold to MYR, the trail of conversion is BTC to USD to MYR. Now that Malaysia has 3 exchanges, you don't need P2P because people can open a LUNO account, receive BTC and sold MYR by LUNO Malaysia unless you want to do some SHADY transactions that you don't want the authorities to know.. well well.. doesn't that play into the 'black market' terms..

Without a legal exchange you can't convert BTC to MYR. P2P means you give your BTC to someone who eventually has to sell it to USD to buy MYR to give it to you in MYR. Read this up on how currency actually works. Just because your BTC gets sold to MYR, the trail of conversion is BTC to USD to MYR. Now that Malaysia has 3 exchanges, you don't need P2P because people can open a LUNO account, receive BTC and sold MYR by LUNO Malaysia unless you want to do some SHADY transactions that you don't want the authorities to know.. well well.. doesn't that play into the 'black market' terms..

so what's the prophecy after the merge... ETH go straight to hell...?

Should have waited a couple of weeks

Spot on. The longer BTC alive, the lesser % of btc return in each cycle and the lesser % btc going to drop.

People need to realise the volatile of btc is not going to be as huge as the early days anymore

News says Bitcoin is halving. Any idea what it means ? Price going up ?