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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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SUSlowya
post Apr 14 2019, 02:59 PM

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QUOTE(xenith @ Apr 11 2019, 02:17 PM)
Why all altcoin keep drop except Bitcoin ?
*
its

waste of resources
energy intensive
no backing of gold like fiat
global warming
high withdrawal fees
SUSlowya
post Apr 14 2019, 11:18 PM

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QUOTE(xenith @ Apr 14 2019, 10:04 PM)
How do you think about Bitcoin ? Will the price increase and everybody go to moon or will it drop back to 3k USD ish...  ?
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fundamentally not very encouraging as mentioned, however technically bullish short term.
SUSlowya
post Apr 14 2019, 11:37 PM

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let's try ask yourself simple question which i asked before:

Has blockchain impacted your life positively, if yes, how so?
SUSlowya
post Apr 15 2019, 11:43 AM

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QUOTE(Ash1988 @ Apr 15 2019, 11:39 AM)
Yes partially, been using this travel site Travala.com built using NEO blockchain and it saves me average 15-20% on accommodations compared to agoda/booking.com. Can pay using AVA token, other major cryptocurrencies as well credit card.
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ok more personal experience like such please? this way you know what you are buying into has value to human race.
SUSlowya
post Apr 15 2019, 12:40 PM

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QUOTE(Andrew Lim @ Apr 15 2019, 12:34 PM)
How about your own personal experience?

Got into crypto late 2017. Mostly lost money because I joined late.
2019 has a been a better year after buying the lows in December 2018.
Personally cryptocurrency hasn't affected me that much but it's nice to have an alternative store of value that nobody can steal easily.
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i don't get into contact so much of blockchain product, i don't think it's very pervasive at the moment.

Need more user story like mentioned by Ash1988

maybe when i see more successful end product story, i would be more compelled to invest in cryptos.

But too many coins, not many such success story.
SUSlowya
post May 8 2019, 09:28 AM

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QUOTE(budaita @ May 8 2019, 09:20 AM)
Binance just got hacked https://binance.zendesk.com/hc/en-us/articl...y-Breach-Update
Funds are being compensated, but BNB is down a lot https://www.coingecko.com/en/coins/binance-coin
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The hackers were able to withdraw 7000 BTC in this one transaction.

blockchain is looking like a scam already with almost every exchange got hacked before.

waiting for Binance's clients to complain their lost of fund.

how is something supposedly very secured got hacked so frequently? how can it even be applied in other areas if it can't give users peace of mind?

This post has been edited by lowya: May 8 2019, 09:29 AM
SUSlowya
post May 9 2019, 09:21 AM

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QUOTE(Andrew Lim @ May 8 2019, 09:57 PM)
Blockchain itself works. But centralized exchanges will always be priority targets for hackers because they store lots of crypto.
If you hold your own private keys safely, and not on an exchange, then no need to worry.
I sold half of what I still had to ETH/Nano.
It'll probably bounce back once everything dies down, but I don't trade much nowadays and will keep my crypto off exchanges.
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that's a consolation to give yourself, one thing investor hate is risk, trading is about risk management, not exposing portfolio to risky business.
SUSlowya
post May 9 2019, 12:28 PM

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QUOTE(Andrew Lim @ May 9 2019, 12:05 PM)
In fact I would prefer as little government and corporation control over crypto.
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if u don't plan to convert back to ringgit, then you make a good point. But do you have migration plan?
SUSlowya
post May 9 2019, 03:43 PM

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QUOTE(Andrew Lim @ May 9 2019, 12:40 PM)
Yes, but I don't plan to migrate for now. Malaysian food is quite cheap haha

And I do convert some to ringgit, but this year MYR has gone down while most crypto has recovered (Bitcoin and Ethereum doubled) so if I want to convert to fiat I'll probably store in SGD/USD.
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that is the issue, apart from security concern, your transaction cost would have eaten your fund away the moment you go fiat>crypto>fiat, how much percentage you already lost, apart from worrying about hacking.

and the moment if goes back to fiat, it will be captured by bank, hence gov, any gov for the matter no matter where you end up in.
SUSlowya
post Apr 19 2021, 01:45 PM

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Why p2p price for BNB so high?

now BNB/USD is 526 from the binance chart

using google found 526 United States Dollar equals 2,172.38 Malaysian Ringgit

but https://c2c.binance.com/en/trade/buy/BNB shows RM2,395

so extra 2395-2172=223 which is 10% (223/2172) value loss just like that before even pull the first trade.

someone pls enlighten, can bigpay card avoid that expensive spread via p2p?

This post has been edited by lowya: Apr 19 2021, 01:53 PM
SUSlowya
post Apr 19 2021, 01:51 PM

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QUOTE(lowya @ Apr 19 2021, 01:45 PM)
Why p2p price for BNB so high?

now BNB/USD is 526

using google found 526 United States Dollar equals 2,172.38 Malaysian Ringgit

but https://c2c.binance.com/en/trade/buy/BNB shows RM2,395

so extra 2395-2172=223 which is 10% (223/2172) value loss just like that before even pull the first trade.

someone pls enlighten, can bigpay card avoid that expensive spread via p2p?
*
same way i check for USDT/MYR at https://c2c.binance.com/en/trade/buy/USDT which quote 4.40 MYR

but googled 1 United States Dollar equals 4.13 Malaysian Ringgit

which means need to pay extra 4.4-4.13=0.27 which is 6.5% (0.27/4.13) more.

either BNB or USDT, the moment transfer already gone 6.5%-10% fee, round trip back to MYR 20% is going to disappeared from the value.

tell me where it goes wrong?
SUSlowya
post Apr 19 2021, 01:56 PM

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QUOTE(jack2 @ Apr 19 2021, 01:54 PM)
The diff is due to exchange rate.  Your rate is not necessary same as the same as shown - used
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ofcause this is exchange rate i'm talking abt, i was asking if it make sense to transact p2p on binance knowing that 6.5%-10% single trip is lost, if round trip back to MYR is going to loose up to 20%, it's insane, why do you guys still do it this way?

was my calculation above wrong? pls don't tell me "you are going to 10x your investment why bother with 20%" kind of arguement.

This post has been edited by lowya: Apr 19 2021, 02:01 PM
SUSlowya
post Apr 28 2021, 12:09 PM

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is there a way to use binance profit to pay for shopee via 3rd party? or is the only way to convert back to USDT then MYR via p2p?

otherwise what good is profit if cannot use to purchase.
SUSlowya
post May 4 2021, 07:40 PM

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Anyone knows what GMT time does Crypto currency daily candle closes?
SUSlowya
post May 5 2021, 09:48 PM

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QUOTE(GalaxyV @ May 5 2021, 05:16 PM)
I trade bitcoin daily and my monthly profit is about 50k. Do I need to pay tax?
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if u are making this amount monthly u could have migrate to a officially tax free country, btw how big is your capital/account size?
SUSlowya
post May 6 2021, 03:52 PM

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QUOTE(GalaxyV @ May 5 2021, 09:57 PM)
Realised every month
Which country has tax free? My capital is just RM200k
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just google lah

Countries where people live tax-free!

Bahrain. The oil-rich country is one of those, where there are no corporate or income taxes. ...
Brunei. Brunei is also lenient on its citizens and levies no income taxes on individuals. ...
Bermuda. ...
Monaco. ...
Oman. ...
Qatar. ...
Kuwait. ...
The Bahamas.
SUSlowya
post May 8 2021, 10:35 PM

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QUOTE(Amaru @ May 8 2021, 01:47 PM)
A lot of people prefer to buy USDT for trading because it's more stable. The price won't change much while you transfer or browse coins to buy. Whereas BTC can rise or fall $500 during the same time.
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BNB/USDT is uptrending, hence trading */BNB pairs makes more sense? Or even better trade */ETH?

This post has been edited by lowya: May 8 2021, 10:48 PM
SUSlowya
post May 9 2021, 12:18 AM

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will the ETH FOMOs now buy ETC instead to join the ride?
SUSlowya
post May 9 2021, 07:54 PM

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anyone all in ETC/USDT?
SUSlowya
post May 10 2021, 11:50 AM

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nvm found it already.

This post has been edited by lowya: May 10 2021, 11:53 AM
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