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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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archangel22
post Jun 13 2017, 06:30 PM

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QUOTE(-kytz- @ Jun 13 2017, 03:45 PM)
I noticed some exchanges, the BTC prices were as low as USD2,500 but our own Luno, XbitAsia,localbitcoins are all much higher at around 2.8-2.9k.

Which are the recommended exchanges that we can buy BTC directly with credit card and also later convert to Ethereum in the same exchange? CEX IO?
I noticed CEX IO has ETH/USD pair, does it mean we can buy ETH directly using credit card?

Sorry kinda new here..
*
Quoting Andreas -
(Subtitute Rupees to RM from the video (start at 4:46))

"The value of Bitcoin didnt change. The reason it takes more [RM] to buy a Bitcoin, is because [RM] is worth less than Bitcoin. Why? Because you cant move [RM] across the border. Because you cant move it across, the [RM] is discounted, depreciated against the hard-asset which is Bitcoin, which can move across borders...."
The problem is not Bitcoin is 10% more expensive in Malaysia. The problem is that the RM is worth 10% less in Bitcoin than the USD is. The price difference does not tell something about Bitcoin, it tells something about RM.

https://www.youtube.com/watch?v=_pTIxw-wUpI&t


Think of RM and USD just as any altcoins. Which they are.
Buying USD is more expensive, than buying RM.

This post has been edited by archangel22: Jun 13 2017, 06:32 PM
archangel22
post Jun 13 2017, 09:58 PM

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QUOTE(max_cavalera @ Jun 13 2017, 09:52 PM)
I think the same as you. Im only using alt coin as a mean to increase my btc. As some alt coin appreciate faster to bitcoin. And bitcoin appreciate too. Such factor make it example: u buy btc at 1k usd and now its 3k usd youd suppose to double your money.

But because u buy btc and hedge to some alt coin instead of 200% youd be making somewhere 400-600% biggrin.gif tongue.gif
*
Very nice. laugh.gif
archangel22
post Jun 15 2017, 08:34 AM

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QUOTE(kmarc @ Jun 15 2017, 06:58 AM)
Wei, 2:15am not sleeping aaaa?

BTC at 2280. Too late for me to do anything. Will just have to ride this one out.

The news posted by Wootz doesn't look good though.
I have always believed that bitcoin will be regulated. It was inevitable. For countries to accept bitcoin "as is" is like saying they condone criminal/illegal usage of bitcoins. That's the reason I think India will probably accept bitcoin but in a regulated manner.

According to the link you posted, the bill will require travellers entering the country to declare all their cryptocurrency holdings :
Lol, again, I have no problems declaring my holdings but I can't imagine myself declaring my 53 cyptos on entering.....

Immigration : Do you hold any cryptocurrencies?

Me : Yes, I have some

Immigration : You need to declare everthing

Me : Everything? But but I have over 50 types of cryptos..... I need to declare ALL?

Immigration : (Looking incredulous) 50? (He's thinking this Malaysian guy is crazy) Yes, everything.

Me : (Whips out my tablet and open "Poloniex" website). Here sir, these are my coins on Polo. (Open all the addresses storing my coins on hardwarewallet) These are those I store on my hardware wallet.

Immigration : Hardware wallet? Can I have a look?

Me : I didn't bring them

Immigration : Them? How many do you have?

Me : I have lots. It is a requirement to bring? I already showed you all my holdings

Immigration : Not sure. Let me check with my superior. (makes a phone call.... 10 minutes on the line as the supervisor has to call his supervisor who had to call his boss). Ok, my boss's boss say no need. Are you sure this is all you have?

Me : Errrmmm... (not sure, because joined a few crowdsale the day before) Yes, this is all I have. Can I go?

Immigration : Ok, you can go.  thumbup.gif Do remember if didn't declare all your cryptocurrencies, you can be charged under cryptocurrency law and (let out a mouthful of regulations).

Me : Yes, I understand (numbed). Can I go?

Immigration : Yes, have a good day and oh, by the way, I also do trade cryptos too.  What do you think of MONERO? sweat.gif
*
Uhmm.. Why would I want to tell others I hold any crypto?
archangel22
post Jun 15 2017, 11:54 PM

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QUOTE(WooTz @ Jun 15 2017, 10:55 PM)
If Big blocks win, I'm diversifying into BTC big time.

I'm rooting for core's destruction, wishful thinking I know.
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Didnt know youre a big blocker.
But no surprise for an ETH-fan. You guys support miners centralization after all.

Simple bigger block is not the answer. Segwit and off/sidechain solutions are.
If you want to have an idea on how proof of stake is done, UASF may give you one or two.

Bitcoin core maintained the network over 8yrs. And you expect people to trust devs with little to no background on Bitcoin ethos to be in charge??
archangel22
post Jun 18 2017, 08:06 AM

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QUOTE(monk8800 @ Jun 17 2017, 11:39 PM)
Hi Guys

Trying to transfer bitcoins from xbitasia to poloniex, I seem to be getting

Error
BLOCK_TRANSFER

I have copied the deposit address from poloniex. My Account is verified level 1. Xbitasia requests for login verification to approve the transaction. Details entered correctly, Am i missing something?
*
If im not mistaken,
You need to email the customer srve, request to unblock.
archangel22
post Jun 22 2017, 12:00 AM

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As I thought, every crypto will have scaling issue. Even for DGB, Viacoin or LTC with Segwit.

https://www.reddit.com/r/ethereum/comments/..._for_the_first/

Bitfinex suspending ETH withdrawals due to congestions.
https://twitter.com/bitfinex/status/877539782678786051

Shapeshift taking down ERC20 tokens
https://twitter.com/ShapeShift_io/status/877550183281819649

Dont tell me this ETH is working fine as intended. ETH was claimed to have infinite scalability and dynamic blocksize.

Looks like ETH finally got what its 'users' want it to be: Bitcoin 2.0
but in terms of scaling problem. 10x worse than Bitcoin.
archangel22
post Jun 24 2017, 09:36 AM

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QUOTE(WooTz @ Jun 24 2017, 07:00 AM)
Bitcoin relies on mining hashpower to determine the dominant chain, those who disagree can easily fork off the network.
This is a lie. Miners do not control Bitcoin.
Just bcse some pool control majority hashrate and doesnt mean theyre able to decide whats good for Bitcoin.
If miners dont comply with what users want, theyre free to mine other coins or create their own altcoin.


NEO requires 2/3 majority at all times to achieve consensus, anything less than that the algo will switch to the next bookkeeping node until it hits that threshold.

No mining hardware or coin deposits needed.
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archangel22
post Jun 27 2017, 11:37 PM

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Cant believe ICO write it down openly.
Confirm dump after crowsale? Just like Status.io laugh.gif

https://eos.io/faq.html
The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform.


archangel22
post Jun 28 2017, 10:05 PM

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Now things like this is an adoption.
Not some payment cards scheme, telling people theyre facilitate crypto payment, but actually people pay in fiat.

Burger King to Accept Bitcoin in Russia This Summer
https://cointelegraph.com/news/burger-king-...sia-this-summer

» Click to show Spoiler - click again to hide... «

archangel22
post Jun 28 2017, 10:33 PM

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QUOTE(HHCC @ Jun 28 2017, 10:19 PM)
user posted image
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Oh please.. At least mention clearly are they referring to hardfork or softfork, so people not confused.
Users want softfork. No split in a softfork.

And I think this is an old infographic. Latest proposal is the Segwit2x not BitcoinUnlimited.
Segwit2x sill activate segwit 1st, and working on hardfork sometime later (iirc 6months).

Nevertheless, best is to hodl BTC in a secured cold storage these days.
archangel22
post Jun 28 2017, 11:02 PM

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QUOTE(b0rhui @ Jun 28 2017, 10:52 PM)
What do they use, bitpay or what? I think Bitpay should be adopted WORLDWIDE as it provides real time market value transfer of BTC. I've seen YouTube videos talking about people trying to live with BTC in New York city but problem is:

1. Lacking of option
2. Charge a heap premium on bitcoin payments as they don't use middleman services like Bitpay. This means they'll have to charge a premium to hedge against volatility

If Bitpay is adopted this could be avoided. Just like Samsung PAY/M2U Pay. Scan QR, make payment, merchant receives payment in USD real time, deduct some part of commission.
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Didnt find any details on what wallet/provider they will use. But yes, partnering with a wallet service shld do.
Trusted wallet service with offchain solution.

Burger King's move is likely bcse they find it difficult dealing with volatile fiat exchange rate. So jumping into Bitcoin experiment is just natural for a multinational company.

Well if I were to advise BK, I prob would tell them to run their own full node with UASF. Or at least find a wallet that support it. laugh.gif
archangel22
post Jun 29 2017, 11:20 AM

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QUOTE(TheConqueror @ Jun 29 2017, 10:22 AM)
Then do you guys not worry to transfer money to local bank and then government claim it is illegal?
Any maximum transaction limit before the government or bank start the query?
Or any tricks or precaution I should take during the transaction? tongue.gif
Please advise

From,
Crytocurrency Newbie
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No one can tell.
Moving 200k to local bank is not a problem until the so called "trusted" parties (banks, govts) decide to see it as a problem.

The "trick" is to buy car directly with crypto. Where? Find someone whos willing to let go his/her car for crypto, negotiate on whats the best price.
A car for sure depreciate, but Bitcoin (may) keep on appreciating. It's always your call.
I wont be surprised if car seller also start accepting Bitcoin.

Crazy? Delusional? If 1000% profit is not more crazy, idk what is. laugh.gif
archangel22
post Jun 29 2017, 12:06 PM

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https://twitter.com/7newssydney/status/879984497302749188
Bitcoin ATMs being rolled out across Australia. Users can now change Australian dollars into Bitcoin

thumbup.gif
archangel22
post Jun 30 2017, 10:59 AM

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https://twitter.com/eth_classic/status/880597604559720448
@eth_classic
*Warning* We have reason to believe https://ClassicEtherWallet.com has been hijacked. Do not use!!

archangel22
post Jun 30 2017, 03:20 PM

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QUOTE(WooTz @ Jun 30 2017, 02:11 PM)
Yes, the multiple coding languages and CCTV coverage is bigger than most realize.

This is buying into a baby Alibaba.

Would it fail? Of course it would, never forget rule number one in crypto. But it also can mint new millionaires.

Everyone should buy a few and just HODL to make whale games harder to execute.
*
Aw man.. here comes ANS = Bitcoin 3.0
So, we gonna have Flippening 2.0 or not? tongue.gif
archangel22
post Jun 30 2017, 04:01 PM

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QUOTE(wengherng @ Jun 30 2017, 03:28 PM)
I suspect he still bought some anyway......haha!
*
Not quite yet, I actually am considering...
If there are so many people like WooTz yet to be in the space, maybe I didnt miss out so much.

I might be doing it wrong after all. You dont make "money" by hodling.
GDAX crisis was actually a very good lesson. A rather 'flippening' for me. thumbsup.gif
archangel22
post Jun 30 2017, 05:25 PM

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QUOTE(kmarc @ Jun 30 2017, 04:27 PM)
Just curious. If you don't make money from hodling, how exactly do you make money?
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Ok for me this is the tricky part. You make "money" only if you "lock" the profit. Else it's paper gains, agree?
I decided to make Bitcoin as the 'anchor'.

Means it doesnt matter if my ETH entry is at 0.1btc, as long as it goes to 0.2btc and I sell it, I make 0.1btc profit. Same thing if I enter at 0.9btc. If price goes 1btc, I still make 0.1btc profit. Difference is I have more BTC, more money.

So, the use case for altcoins/ICO tokens is to trade them and earn more BTC. Hodling BTC will not make you have more BTC.

But also remem as WooTz said, put/invest amount of BTC you are willing to lose. wink.gif

Maybe some people alrdy realized this, and I simply being ignorant. Not a trader whistling.gif

archangel22
post Jun 30 2017, 05:45 PM

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QUOTE(WooTz @ Jun 30 2017, 03:22 PM)
So you're saying 0 ETH and 0 NEO is the right way.

Only Bitcoin matters right?

How do you feel going from $10 to $300 ETH while doing nothing about it?

Why all maximalist same pattern one?
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Sigh..prob I shldve thought properly before I post something.
Yes, only Bitcoin matters as money.
Altcoins do matter if you want to make more money.

Bitcoin was literally worthless and I did nothing about it. I miss out ETH, now crypto mktcap is 100b. Your point is?

You shill abt ETH, and now it's ANS. Have you locked in all your paper gains to Bitcoin?
archangel22
post Jun 30 2017, 06:12 PM

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QUOTE(WooTz @ Jun 30 2017, 05:58 PM)
One more crap post from you, and I'm going to utilize the ignore function.

I guess I shilled my way to prosperity, like all those EEA members and mainstream reporters.

CCTV also shilling NEO to billions of viewers.
*
What's stopping you from ignoring me in the first place anyway.

I can understand that you look at my post as an attack. I have nothing else to say. You did what you believe in.
archangel22
post Jul 2 2017, 10:11 AM

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Hackers Have Stolen Millions Of Dollars In Bitcoin -- Using Only Phone Numbers

https://www.forbes.com/sites/laurashin/2016...s/#3fca1f4538ba

The security loophole these hackers are milking can be used against anyone who uses their phone number for security for services as common as Google, iCloud, a plethora of banks, PayPal, Dropbox, Evernote, Facebook, Twitter, and many others.

The hackers have infiltrated bank accounts and tried to initiate wire transfers; used credit cards to rack up charges; gotten into Dropbox accounts containing copies of passports, credit cards and tax returns; and extorted victims using incriminating information found in their email accounts.


Do we have similar cases here?

This post has been edited by archangel22: Jul 2 2017, 10:12 AM

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