No, you do not need to buy a new wallet in such cases.
Most times, various developers will work with the hardware wallet company to roll out software updates to support new coins/tokens.

Not sure I understand......why are you guys worried about hardware wallets being "rare" in Asia?
There are various resellers in Malaysia and Singapore, or you can directly buy one from the official Ledger website using your credit card, and in all cases, the package will be delivered directly to your doorstep, you don't even need to leave your house.
Or do you expect to go to a physical shop to see and hold the item first before buying?
Seriously, I strongly discourage storing your private keys on a normal USB stick, where it is prone to malware, trojans, keyloggers, etc. Even if you encrypt it, you will still need to decrypt it when you make a transaction.
In fact, even a paper offline wallet is safer than using a USB stick. (Yes of course you can use a paper wallet, just that it is inconvenient)
A Ledger only costs less than RM400 these days, and offers so much more security and peace of mind.
If you intend to be in this for the long term, and currently have more than RM2k worth of cryptocurrency, then really, please invest in a hardware wallet.
Ultimately, in the grand scheme of things, it is an extremely small price to pay for the security it offers.

Uh......sorry I don't understand your statement.
No to highlight???

Just side track a little......

This thread is now at 888 pages, with more than 926k posts!

Will we be the first thread in LYN to breach 1 million posts?

Oh bummer......you just burst my bubble.

Still, one million views is not too bad, eh?

Crap......seems ETH has boarded the shinkansen bullet train and shot off, and has left me behind standing at the station......

Personally, I actually do not agree with that.
A lot of people say the same, that the goal of altcoins is just to earn more BTC.
I don't share that view at all.
For me, with the exception of shitcoins (and there are many of those), many altcoins are very valid projects in and of themselves, and deserve to be viewed individually in their own right.

When I buy ETH, or OMG, or NEO, I do not see it as a means to obtain more BTC by trading back into BTC later.
I buy into them purely for the project objectives, and their goal to change the way we do things traditionally, whether smart contracts, payment processing, etc.

But ultimately, we still have to gauge their value by means of a reference, so I use USD as a point of reference instead of satoshi.
Firstly, even if fiat appreciation is my objective, it is an extremely risky move to just hold BTC itself as 100% of my portfolio, so diversification is key.
Secondly, as I mentioned above, we have to consider the individual projects and our support for what they hope to achieve.
Thirdly, it really doesn't matter whether BTC goes up or down as long as the altcoin's fiat value goes up, regardless of how much BTC has moved, as long as we do an instant transaction into BTC and then into fiat directly (minus some spread and transaction fees).

Of course, this is just my personal opinion, and I fully understand that everyone has their own investment objectives.
Also, right now I am investing with an ultimate objective of fiat appreciation, but in future, when bitcoin really starts to become the currency of choice (and I do see a real possibility here), then my investment objective may change to adapt as well.

This post has been edited by wengherng: Dec 13 2017, 05:26 PM

On that front, yes I have to agree, some altcoins are really more suitable for trading to accumulate more BTC.
Nothing wrong with that too.

Me.
I think such anonymous cryptocurrencies will become more and more mainstream, as bitcoin itself becomes more adopted globally.
I personally am of the opinion that 2018 will be big for XVG, so I am keeping some while it's still cheap now.

There are multiple exchanges that has XVG/BTC trading pairs, including Binance and Bittrex.
You could use Binance too, but personally, I used Bittrex because it had higher liquidity and due to that, sometimes you get a slightly better rate.
But basically, both exchanges are pretty much the same.

Nope, I have not, mine are still in Bittrex as well.
It represents only 2.5% of my current total crypto holdings, so I guess I will accept the risk.
Am holding out on a hope that they will develop Ledger support for it soon so I can move it to my Ledger.

Depreciating after you bought?
I suppose you are comparing it in satoshi value?
In that case, yes, it has gone down quite a bit due to the recent BTC run.
I am using USD as my point of reference, so I am currently up about 100%......not too bad, though hardly exciting in crypto terms.
Fingers crossed, 2018 will see it spike .

"...too late to invest in this...", what do you mean by "this"?
Bitcoin?
Or cryptocurrencies, in general?

But anyway, since you mentioned that you have horizon of more than 1 year, I'd say go for it.
There is still much upside potential yet, for both bitcoins and altcoins.
Make sure you do your own research first, and only invest what you are willing to lose completely.

To buy cryptocurrencies other than BTC and ETH, you will need to buy BTC/ETH first and then send it to any of the global crypto exchanges, and trade there.

It leads nowhere, for now anyway.
It's just a clickbait title......nothing has changed.

It didn't say that cryptocurrencies were illegal......it just said that it's not "legal tender", i.e. not legally recognised as a form of legal currency, meaning it is not offered the same level of insurance and protection as the Malaysian Ringgit.

We'll still need to wait until actual guidelines or regulations are announced.

The most important thing is to make sure that you keep your 24-word recovery phrase.
And keep it very safe.
With that, it doesn't matter if you lose your hardware wallet, or if the wallet provider closes down.
All you need to do is to get another hardware wallet (it doesn't even need to be from the same company as your previous one), and restore using your recovery phrase.
That should give you access back to your funds.

Personally, I've tried recovering from one hardware wallet to another one of a different brand, and also tried with the same brand, both times worked flawlessly.

Just remember to keep the recovery phrase really safe.

This post has been edited by wengherng: Dec 17 2017, 11:55 AM

I have high hopes for Verge.
Let's hope it performs in 2018 as hoped.

Totally missed Tron.
Was sitting on the fence on it since the airdrop......did some reading and research but unfortunately procrastinated too long to make my purchase.

Yeah......oh well, I suppose we can't have everything.
I have no more money to invest into crypto, and all my existing crypto holdings are quite distributed already, so I am not willing to sell any other tokens to buy Tron, so no choice, I will have to let this go.
There's always another good project around the corner.

ETH is a solid long term hold......just make sure your horizon is more than one year, and be mentally prepared to hold off against temporary dips and corrections.
I'm a bit on the fence for XRP, so no comments there.
But do consider NEO as well.
For me, both NEO and ETH are easily 4-figure tokens, given a bit of time for global adoption.

If you are talking about cryptocurrencies, I don't think there is one yet.
Although we can't say for certain that there won't be one in future.

I do not agree with this analogy, at least not with bitcoin.
Personally (and really, this is just my own personal opinion), I tend to think of it as a new currency (just like a new country being formed, with a new currency).
Somewhat like when Malaysia was formed, and suddenly in the world, there is a new currency called the Malaysian Ringgit.
And when it was formed, this new currency had very low value, because there is no trade agreement, no bilateral ties with other countries, no one wanted this new currency because there's nothing you could do with it.
As time passes, more and more countries start to trade with this new country, and more and more people start to own this currency.
We are somewhat at this stage.
Then later, there will come a time when this currency becomes mainstream, trusted and used all over the world, becoming one of the major currencies for trading and finance. And that's where the value will rise to this stage and then become stable.
What we are aiming to do is to start accumulating at this early stage where not many people want this currency yet, i.e. be the early adopter.

Well, you might be right, there are some tokens that really do not seem to be useful for anything else other than to trade and spin.

No major crypto has actually burst yet probably because we are not yet as widespread and massively adopted as is necessary for a "burst".
We are absolutely nothing compared to traditional financial investment instruments, nowhere near gold or fiat or stocks.
Maybe when it reaches to the trillions USD of market cap, with paranoia and frenzy everywhere, then the ingredients will be ripe for a "burst".
But by then, I believe the burst of any particular coin/token would no longer be as devastating to the entire cryptosphere.

I did a bit of research and reading into Envion, but remain quite skeptical.
Not to say it is a scam, or will fail or anything......but it just doesn't give me the warm fuzzy feeling that they really know what they're doing......or at least have everything thought out properly and planned.
They also seemed very hesitant to provide full transparency to potential investors....at least that's the feeling I got.

1. Not possible to view an actual fully functional MMU at their facility. At first they said welcome to anyone, but later said they do not want to discourage potential investors by showing a non-functioning unit, and also they are not able to provide trend data for extended durations on the actual performance of the MMU.
2. No information on how they intend to get agreement from individual power plants to install their MMU base on their sites. No pre-agreed collaborations.
3. No transparency on what type of hardware they are using, and how they intend to obtain them in large enough quantities in order to start immediate production, despite the global shortage of graphics cards. Judging by the current state of global supply, it could take a long time for cards deliveries, which means potential delays in deployment of the MMUs, and consequently a delay to the project in general.
4. No information on the scalability of their hardware. Will the MMUs be obsolete before they are even deployed?

These are just a few questions off the top of my head at the moment.
From some forums, there seem to be some misinformation or misunderstanding on the background of their development team, and also many potential investors are not satisfied that their founders are thickly veiled in secrecy.
This is in very stark contrast with many other projects like TenX, Verge, NEO, ETH, QASH, etc......where the whole team and founders are very transparent.

Not saying it is doomed to fail (for all we know, it might be the next big thing and go 100x) but it just doesn't give me a good feeling.

I might be entirely off the mark, and this project hits it off big and grows 100x.
I hope it does, really.
The premise and the concept is pretty good.

The traders here definitely have their hands full.
Me......I'm the lazy investor, just buy and throw into cold storage.
The biggest challenge for me is not how to manage the trading......it's how to control myself NOT to look at coinmarketcap website on my phone and hit the refresh button every 10 minutes.