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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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CoinZin
post Nov 16 2017, 03:38 PM

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QUOTE(yamasakai @ Nov 16 2017, 12:56 PM)
2% and 10% risk doesn't equate 2% and 10% investment of capital.

What the article says is to put your stop lost at between 2-10% of your buy in value. So you only lose max 2% or 10%, depending on your appetite.

What the article meant is that if you want to invest RM5,000, you should pull out when you lose RM100 (2%) or RM500 (10%).

Not invest RM100 if you have RM5,000 to invest.

There's another method where you put up 10% of your capital per trade so if the trade goes awful, you can invest more (buy the dip) to average out your investment cost, so your BEP is lower.

e.g buy 10 units of RM100 for RM1,000, price drop to RM70, so you buy another 10 units. So total investment is RM1,700 and average cost per unit is  RM85. Instead of waiting for it to go up to RM100, before you can calculate the profit, you can start from RM85 instead.
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Stop loss can be quite dangerous for crypto trading because of the huge swings and quick recoveries - one may end up selling at a low and to see price recovers within minutes after that low.
CoinZin
post Nov 16 2017, 03:42 PM

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QUOTE(yokoloco @ Nov 16 2017, 11:04 AM)
Square Cash users can buy and sell BTC and CME coming in dec.
the bitcoin rises.
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If it has not been discussed already, Big Bang Theory (one of the most viewed shows in the world) is dedicating a whole episode on bitcoin at the end of this month (season 11, episode 9 - The Bitcoin Entanglement).

Synopsis:
Sheldon, Leonard, Howard, and Raj find a laptop belonging to Penny’s old boyfriend, Zack. Supposedly, the laptop has bitcoin on its hard drive.


Some people say the episode will give the cryptocurrency well-deserved mainstream exposure, while others fear that bitcoin could be “dumbed down” and presented as a dodgy, unsecure asset.


I would say it is still very good publicity for bitcoin nevertheless. Do you own due diligence before buying or selling.
CoinZin
post Nov 20 2017, 11:57 AM

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QUOTE(wengherng @ Nov 20 2017, 11:21 AM)
I share the same sentiment too, although I am cautiously optimistic.
I am sure they would have realised by now that no country has ever successfully banned cryptocurrencies, but merely succeeded in driving the industry underground, where it would still thrive, and with even less transparency.
If they're smart, they'd go the way that Japan took, which is to appropriately regulate the industry, and make money in the process.
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I agree that regulation is the way to go. Most of the regulators are doing a wait-and-see approach because this is such as new niche area. Once crypto becomes big enough, regulation will kick in - look at crowdfunding: initially it was almost free for all, but there is now regulation in place in a number of jurisdictions.

CoinZin
post Nov 20 2017, 02:29 PM

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QUOTE(yamasakai @ Nov 20 2017, 02:04 PM)
Still a lot naysayers spreading about bitcoin ban in Malaysia, which somehow makes it into FB and WhatsApp share giving me a hard time explaning to the my relatives.  cry.gif
All good. Just wondering what did I said that makes you think its me. Have to be careful with my words here.

Lets just continue to have a discussion here. BTC at 8k to 8.1k today, any guess that it will linger around that area then drop, or rise? Doesn't seem to stable at 8-8.1k range. I have a feeling its gonna linger at 7.9k for a while..
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Big Bang Theory episode on Bitcoin at the end of this month - I expect more FOMO and newbies coming in from the exposure.
CoinZin
post Nov 23 2017, 04:41 PM

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Not sure if this has been shared - just came out today:

https://news.bitcoin.com/malaysia-to-place-...aundering-laws/
CoinZin
post Dec 13 2017, 01:31 PM

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QUOTE(wengherng @ Dec 12 2017, 11:08 AM)
Hardware wallet works by managing your private keys for you.
Therefore, you do not need to worry about losing your paper wallet, or worry about your computer being infected by keylogging malware, etc. when you transfer your tokens.

I am not sure about Trezor, but there are several parties that are selling the Ledger in the region.
Tiance Research is located in Malaysia, while CoinZin and Pennywise are Singapore-based (but can deliver to Malaysia address).
You can search online for their contacts.
CoinZin representative is sometimes here in this thread as well.

I suggest you contact them and compare prices and delivery times, as sometimes you might get a better price but need to wait longer.
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Thank you for mentioning us! biggrin.gif

We have been busy fulfilling orders so apologies for the lack of response here.
CoinZin
post Dec 14 2017, 11:03 AM

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QUOTE(korangar @ Dec 13 2017, 02:53 PM)
we all been there, but if your Alts coin moons, its actually paid off. but this has a much higher risk compare to just holding on BTC.
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High risk, high gain. Lol. whistling.gif

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