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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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TSwengherng
post Feb 15 2018, 12:07 AM

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QUOTE(wlcling @ Feb 14 2018, 11:30 PM)
Sent more than 10 eth worth of tokens to wrong address recently.. never thought id make such a newbie mistake 😂
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Sorry to hear that.
This serves as a grim reminder to all of us that this could happen to literally anyone of us, rookie or seasoned.
The defining security feature of blockchain technology (i.e. the immutability of the ledger) is ironically also its most dangerous feature.
We have to always be vigilant and triple check all addresses before sending any funds.

Personally, I'm absolutely paranoid about making such a mistake, and would even go so far as to stop any sending actions when I am tired or sleepy.

Sincerely hope you're able to get some sort of support from the development team, they're your best bet now.......otherwise, the outlook seems rather bleak.
sad.gif

TSwengherng
post Feb 15 2018, 12:10 AM

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QUOTE(yeowxiu @ Feb 14 2018, 10:53 PM)
BIG THANKS for you sir! biggrin.gif omg ppl around here so friendly
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We're all here to learn from each other.
We only ask that once you yourself are experienced and seasoned, that you will offer the same help and support to other beginners then.

TSwengherng
post Feb 24 2018, 06:14 PM

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QUOTE(Ch3n_low @ Feb 22 2018, 05:12 PM)
Hi guys,

This Saturday we are organising a Lou Sang Session for LYN Btc members. Only 2 seats left.

BTC Malaysia CNY Lousang
Venue: Mutiara Palace Mutiara Damansara
Date: 24/2/2018
Time: 7pm
Price: Around RM150 ( Best food served with Shark Fin soup, Pork Knuckles, Truffle etc) Can see food menu on attachment.

Feel free to join. only 2 seats left! First come First Served. If interested please fill up this form, I will contact you

https://goo.gl/forms/MGj5wgbyawpDWzGx1
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Just my personal small suggestion, maybe you guys can opt to not have sharks' fin next time.
We should all do our bit to stop the consumption and sale of endangered species.

QUOTE(kmarc @ Feb 24 2018, 02:56 PM)
Anybody wants to create a new thread "Where to spend cryptocurrencies in Malaysia?"

The first few post will be a compilations of all the places, whether physical or online, for you to use cryptos to pay for goods.

Of course, if you do create one, you'll have to maintain it  tongue.gif

Here's some:

1) Mobile recharge - maxis, celcom, digi, etc : https://en.bitrefill.com/malaysia/
2) Steam vouchers : https://en.bitrefill.com/malaysia/
3) Trezor hardware wallet : https://shop.trezor.io/
4) Ledger hardware wallet : https://www.ledgerwallet.com/

I just bought steam vouchers using bitrefill and topped up my steam wallet!  rclxms.gif
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There are actually quite a number of articles about this:

https://www.luno.com/blog/en/post/spend-bitcoin-in-malaysia
https://99bitcoins.com/who-accepts-bitcoins...-take-bitcoins/
https://www.lifewire.com/big-sites-that-acc...ayments-3485965

TSwengherng
post Feb 25 2018, 04:21 PM

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QUOTE(thirumaran @ Feb 25 2018, 10:35 AM)
Hi guys, sorry if this question has been asked before.  Recently I bought a small amount of NEO coins in bittrex, and I found out that NEO holders are eligible to collect GAS tokens.

However bittrex, doensn't give the GAS to NEO holders.  How do I go about doing it?
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As mentioned by others, you can either store it on Binance exchange or in your own NEON wallet, where you can claim your gas as often as you want.
But, realistically, though, I'd say that depends on how many tokens you have.
For example, if you have just a few NEO tokens, like 10 or less, then it might not be worth the trouble......but of course, that ultimately depends on you.

TSwengherng
post Mar 13 2018, 05:43 PM

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QUOTE(Eoma @ Mar 13 2018, 04:12 PM)
just topped up a small amount of VEN. Hope it appreciates, looking at all the news and possible applications in the tracking and logistics field.
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Pretty solid project with valid real-world use cases, and actual working partnerships with physical companies and institutions.
I think there is a lot of potential for this project in the long term, but by that, I mean at least one year, before you can see large scale impacts.
You can consider trying to aim for an X node at least (i.e. 6000 VET).
Good luck!

TSwengherng
post Mar 14 2018, 03:18 PM

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QUOTE(wlcling @ Mar 14 2018, 01:16 PM)
If already got 10k before 20th march,  it will get both X (6k tier) and strength node rewards once mainnet is live...
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QUOTE(Davez89 @ Mar 14 2018, 01:17 PM)
normal strength node will probably have the X status as well.

i'll lock up all my current ven and will only upgrade to Strength X node if Ven drops to 2 dollars  bruce.gif
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Are you sure that the strength node will also qualify for the X node at the same time?
I have a strength node now, not nearly enough for 16k yet though......but is there a definite advantage to having 2 X-nodes of 6k each, instead of just 1 strength node of 12k?

TSwengherng
post Mar 31 2018, 01:00 AM

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People, I know the recent market dip is discouraging and frustrating, and even downright terrifying to many here, myself included.

But, just to put things in perspective, exactly one year ago today, the total market cap of the entire cryptosphere was merely USD 24.8 billion.
Right now, one year later, even AFTER the massive 70% crash, it is still currently at USD 257 billion.

We are talking about a rise of nearly 1000% within one single year.

We'd be kidding ourselves if we seriously thought there wouldn't be some sort of serious correction and rationalisation somewhere along the way.

Putting aside my belief in the technology and massive ramifications of blockchain in our future, just purely talking about the money here, where else can we find any conventional investment vehicle that can even come close to this kind of gains?

Are you still going to "sell everything", give up on crypto, and then go back to your mutual funds, bonds, stocks, FD, forex, etc.?

As long as you invest responsibly, with a clear mind on what you are doing, and never invest more than you can afford to lose, then I strongly suggest you to just switch off your computer, stop trading, stop reading about all the negative news, stop checking coinmarketcap......chill out, spend time with your family, eat some good food, go for a vacation, take up a sport, go into crypto-hibernation mode and forget about crypto for a couple of months.
It's not the end of the world.

And most definitely not the end of crypto.

TSwengherng
post Apr 1 2018, 12:17 AM

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QUOTE(1wildcat1 @ Mar 31 2018, 03:47 PM)
Well said wengherng. However, we're lucky us old folks who entered in early 2017 are still in green, even after this 70-80% drop. Have been dollar cost averaging down in this bear market! Yourself?
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Good to hear that you are doing fine and taking the opportunity to average down your costs.
To be honest, after the incredible bull run of 2017, my portfolio had grown disproportionately heavy on crypto in comparison to my other conventional investments, so I had actually not put in any more fresh money since the 4th quarter of last year.......except for one time.
I did make one badly-timed decision in January this year after I received my bonus, and bought some more positions at near all-time-highs.
But overall, still healthily in the green, lucky me.

Now I am just trying to ride out the storm.
The night is always darkest before the dawn comes.

TSwengherng
post Apr 10 2018, 10:56 AM

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QUOTE(khannhinah @ Apr 10 2018, 10:30 AM)
verge is definitely pumping today. which coin is dumping today ?
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I'm a *reasonably* early investor in XVG so I'm sitting very comfortably in the green at the moment, but for those who are thinking of jumping in now, please be cautious.
XVG is very volatile, and prone to flash spikes and crashes, which can make it very lucrative for traders but also super risky.
I am generally positive on its long term outlook, but unfortunately they are also known for under-delivering so I wouldn't be totally surprised if there is a flash crash on 17th April after the announcement.
I actually watched the entire one-hour interview of Larry and Joe with the Verge lead developer, and honestly I do get a good feeling about it, but I am still going to cash out a portion of the profit nevertheless.


QUOTE(khannhinah @ Apr 10 2018, 10:33 AM)
"best" ?? how is it in any way best ?

bitcoin was at 6000 usd during mid 2017 and it tripled in value over the next 6 months. you must be deluded if you expect a repeat of the same performance this year.
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Genuine question here, why do you think it is delusional to expect performance that is similar to 2017?
Just because the price dropped from 19k to 6k over the last 3 months? Or do you have some other fundamental reason?

I've been in this space for some time, and one thing it's taught me is to never say never.

TSwengherng
post Apr 10 2018, 02:21 PM

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QUOTE(khannhinah @ Apr 10 2018, 12:35 PM)

fundamental reason one: goverments and financial institutions are suppressing crypto. these restrictions did not yet exist during mid-2017.

fundamental reason two: futures market allow big players to long and short . futures  did not yet exist during mid-2017.

" never say never.". very sophisticated and professional reasoning there. so let me throw back the question to you, do you logically expect a repeat of the bubble and hysteria which will drive btc to triple its price from now till december 2018 ? give your reasons why.
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I honestly can't tell whether you are being sarcastic with your "sophisticated and professional reasoning" remark, so I'll leave it at that, but that's honestly the philosophy I carry with me. I have been around long enough to put aside my arrogance that I am omniscient enough to be dead sure about anything especially in the financial markets.

Note that I did not say I expect a repeat of the bull run of 2017, I just asked you why you thought it was delusional to think so.
But having said that, yes I do expect that the cryptosphere will triple its current market capitalisation within 2018.

Governments and financial institutions are suppressing crypto.....maybe yes, currently.
But at the same time, cryptocurrencies are getting more and more exposure to the masses (for good or bad), and adoption is getting more and more widespread in countries that have embraced it, like Japan. In fact, several countries have already announced that they are planning to launch their own government-backed and -issued digital currency, meaning they aren't *against* crypto, they are just against the ones that are currently available (and not controlled by them).

Yes, I fully agree with you that the futures market is really throwing a wrench in the works at the moment. But we are only in the first few months, hence I think we can forgive the volatility somewhat. Over time, I expect the volatility to subside into a more manageable level. There are many other vehicles with futures, like precious metals, oil, commodities, etc. that have been around for ages and do not see massive 70% swings when the futures expire.
OK maybe not exactly the best analogy, but I guess you catch my drift.

The big players are scary and can bully the little guys around, but only for so long. Trillions or not, I do not believe they can keep this suppression indefinitely.
In the age of horses and carriages, nobody could stop the advent of the automobile; similarly, nobody could stop the advent of the television, the telephone, email, the Internet, VoIP, and every other major technological breakthrough. It will not be any different with distributed ledger technology, and by extension, cryptocurrencies.

You may not agree with me, of course, and that's perfectly fine......that's what this forum is for.

TSwengherng
post Apr 10 2018, 10:04 PM

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QUOTE(Ice BabY @ Apr 10 2018, 07:19 PM)
What event is 17th april?
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Verge is going to officially announce their partnership with a "major household name company" that is supposed to be "one of the biggest this to happen in the cryptosphere" that will "potentially catapult XVG to the top ten or maybe even top five crypto by market cap".
Verge successfully completed their crowdfunding exercise and confirmed that the partnership is secured, but due to non-disclosure agreements, can only announce officially on the 17th.

I'm somewhat skeptical, obviously.
But I'm not complaining! 😊

TSwengherng
post Apr 10 2018, 10:39 PM

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QUOTE(khannhinah @ Apr 10 2018, 04:15 PM)
ok i can see there is a gap in our discussion points:

i said : " btc wont triple its current price in 2018".
you said : "crypto may triple its overall market cap in 2018. ".

personally i am 90% doubtful that the market cap will hit 750 billion (250B x 3)  by 2018.
the difference is back then , nobody was trying to suppress the advance of tech such as automobile, television, the telephone, email, the Internet, VoIP, etc. in fact all the governments, institutions, and companies were working TOWARDS SUCH ADVANCEMENT.

but today, the major incumbent powers all can be see to be ACTIVELY WORKING TO HINDER CRYPTO. because they have a vested interest to maintain hegemoney over a central fiat system.

thats the difference .
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Ah yes, you are right, you mentioned about bitcoin price and I did mention about the overall market cap.
Sorry about that.
Nevertheless, thinking about it again, I am still fairly optimistic that both of them will triple it's current state within this year.
Of course I could be totally wrong and the whole market might crash to the depths of hell and never see the light of day ever again. (I sincerely hope not)

You made some valid points there, though, which I do not disagree with.
Maybe I'm just naturally optimistic......or just naive.
biggrin.gif



TSwengherng
post Apr 11 2018, 12:33 AM

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QUOTE(khannhinah @ Apr 10 2018, 11:20 PM)
it wont crash further. neither will it soar high. btc price and total market cap is being manipulated to stay within a certain range.

if want to make huge profits nowadays , need to look to alts like xvg and ont. for now, alts are still beneath the radar of the big players.
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Agreed, and I have both, but was actually thinking of loading up more on ONT, but then the sudden spike happened before I could do so...... sad.gif
Now I am in a dilemma......whether to go ahead and load up anyway (in the long run, if it goes up to USD 20 for example, then it wouldn't matter to me whether I bought in at USD 3.50 or USD 4.50), or wait for a correction which may or may not come.

TSwengherng
post Apr 18 2018, 11:35 AM

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This partnership between Verge and Mindgeek is pretty exciting, at least in my personal opinion.
Obviously, there are people who were (unrealistically) predicting Amazon, eBay, Paypal, etc. so for them, this is a massive letdown. Some folks (many of whom are holders of other privacy coins like Monero) are been condemning or making fun of this deal, saying that XVG will forever be known as the "porn" coin.
But I don't see it that way.
Like it or not, we have to admit that cryptocurrency adoption in the real world has been very slow, with very limited real life use cases. Most of us just use cryptocurrencies to......buy more other cryptocurrencies.

I think this is a good start for XVG, and cryptocurrencies in general, to get a foot in the door, and start to showcase to the world on the benefits and usability of cryptocurrencies in everyday life.
As with any other technology just starting out, it has to start SOMEWHERE, and the adoption will be slow, and there will be obstacles along the way. These things need time.

I do hold a fair amount of XVG, which I decided not to sell during the recent pump. In fact, I was surprised it didn't dump more than it did......it lost only 25% from before the announcement; I expected it to dive at least 50 - 75%.
Will be interesting to see where this coin ends up by the end of the year and throughout the next.

TSwengherng
post Apr 23 2018, 04:16 PM

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QUOTE(cloudre01 @ Apr 19 2018, 11:08 AM)
I just realised that no one is updating the market cap milestones in the first page anymore, I guess everyone has been in hiatus during the "winter" times  laugh.gif
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Well, there's that......and also we had agreed that it is rather pointless to update too frequently as the crypto market cap fluctuates too wildly.
So, we agreed to only update it after reaching a really psychologically important milestone, like when crypto crosses USD 1 trillion market cap, for example. biggrin.gif


TSwengherng
post May 4 2018, 04:37 PM

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QUOTE(Inuyasha1127 @ May 3 2018, 09:38 AM)
Until now I can’t calm down myself, it really happen after I released it in a minuete
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Well then, welcome to the club.
If you stick around as long as some of us ancients here, you'll see it happen often enough that you'll eventually numb yourself to it. biggrin.gif
Don't worry about it though......it's still rather early days for cryptocurrencies, volatility is expected. You'll see your portfolio increase slowly.

TSwengherng
post May 6 2018, 11:45 PM

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QUOTE(Davez89 @ May 5 2018, 12:34 AM)
Xnode says hi.
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Mjolnir X? notworthy.gif
Really envy you guys who got in early.
I squeezed every bit of remaining resources I had, and could only afford a strength node. sweat.gif

QUOTE(Gss2k @ May 6 2018, 09:33 PM)
I hope ether will not be declared a security tomorrow. That would suck.
https://cointelegraph.com/news/it-never-was...atory-spotlight

TLDR: SEC and CFTC regulators are due to meet May 7
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True, but then again, in my personal opinion, whether it is finally declared a yes or no, I still think it is good for the cryptosphere in the long run.
The ambiguity is the real killer here......we need a clear and definitive answer.
Only then can the industry move forward.

TSwengherng
post May 7 2018, 12:13 AM

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QUOTE(Davez89 @ May 7 2018, 12:06 AM)
lul no la cant afford that node.

not bad what u have strength node...thats 10k ven almost 200k there lol
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Haha, yeah unfortunately I'm spread a bit too thin and I was not willing to sell of my other holdings to dump into VEN.

TSwengherng
post May 9 2018, 12:07 PM

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QUOTE(ccbfatal @ May 8 2018, 09:19 PM)
do you still think crypto market cap will triple (300b to 900b) by end of 2018?
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Yes, I do actually.
Of course, past performance is no indicator of future performance, but if the cryptosphere can go from USD 17 billion to USD 600 billion in one single year in 2017, I don't see too much difficulty in it going to USD 900 billion this year in 2018.
Obviously it is unreasonable to expect the same rate of growth every year; it has to plateau somewhere, but I still think USD 900 billion is very possible this year.

But then again, that's just my personal opinion, which carries absolutely zero weight in the grand scheme of things.

TSwengherng
post May 9 2018, 01:21 PM

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QUOTE(ccbfatal @ May 9 2018, 12:22 PM)
the question is not whether you expect it to go up or down. the question is "WHY" you expect it to go up or down ? what significant possible push factor do you see emerge that will improve the overall performance of crypto ?  you cannot simply say "you don't see too much difficulty in it going to USD 900 billion this year in 2018." without providing your reasoning for it.

let me explain.

why crypto can grow tenfold in 2017 ? its because this new tech was first introduced to mainstream global investors beyond the IT sphere. people around the world were discovering crypto for the first time which brought in a lot of new money and led to a maniac bull run.

but

this led to a lot of governments and financial institutions rolling out restrictions on crypto. the bull run that we saw in 2017 WILL NEVER AGAIN BE POSSIBLE because we now have limiting factors such as KYC at exchanges, futures , shorting , etc.

in 2018
investors are more cautious now because the bullrun in december 2017 and subsequent drop in febuary 2018 is still fresh in memory. the "once in a lifetime opportunity" sentiment is gone and impossible to be replicated WITHIN THIS DECADE.
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You may be absolutely right, of course.
I'm just a nobody.

But anyway, I did explain why I had this sentiment in my earlier replies to you and my sentiment hasn't changed.
Yes, it was new tech that was more widely exposed in 2017, and people were still basking in the novelty of crypto.
Yes, it led to governments getting involved, financial institutions imposing all sorts of restrictions, etc.

But, on the flip side, I also believe (again, this is just my own naive belief) that mainstream adoption of cryptocurrencies will continue to expand globally, and the effects of billions of people starting to slowly adopt this technology will far outweigh the restrictions from governments and financial institutions.
When a new technology gains traction and achieves global critical mass, the effects can be unimaginable.

I may be wrong, but I hope I'm not.
All I'm saying is......never say never.


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