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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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ragk
post Dec 12 2017, 02:19 PM

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i'm curious, since bitcoin are limited, so even im willing to invest doesn't mean i would able to get one?
ragk
post Dec 12 2017, 02:34 PM

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QUOTE(~LynX~ @ Dec 12 2017, 02:23 PM)
No, there's always people buying and selling bitcoin.

You can also buy a fraction of a bitcoin, depending on how much money you are willing to invest.
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may i know averagely how long it took to finish one transaction?
ragk
post Dec 12 2017, 03:49 PM

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QUOTE(~LynX~ @ Dec 12 2017, 03:34 PM)
If by transaction you mean transferring money to an exchange like Coinhako or Luno, might be 1 or 2 working days.

If you mean buying bitcoin on said exchanges, its instant as long as you buy someone's sell order.

If you mean actually transferring bitcoin to another exchange, online wallet or ICO, that depends on the network load.
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QUOTE(Darkcloudz @ Dec 12 2017, 02:37 PM)
normal = 30 minutes
abnormal = 3 hours or more
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Thanks!
ragk
post Dec 12 2017, 11:24 PM

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Is private key is just a passcode for transaction for ur btc (acc?) and recover seed is password to regenerate a new private key?
Hardware wallet is basically just a hardware (let say Pendrive) to store them even in .txt file?
ragk
post Dec 13 2017, 10:25 AM

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QUOTE(wengherng @ Dec 13 2017, 01:37 AM)

A hardware wallet is more than just a USD drive; it is a specially designed hardware that manages all your private keys for you so the private keys are never visible to anyone else. The hardware wallet merely verifies and authorises a transaction, the private keys never leave the device, hence you could connect the hardware wallet to a virus-infected computer for performing transactions, and it would still be safe.
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From what i read from earlier post, its not easy to find 1 Crypto Hardware Wallet in Malaysia right? So normal USB would work just it doesn't had the dedicated security features
ragk
post Dec 15 2017, 01:09 AM

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Any 1 know how much the rate charged when sending btc in luno?
I knew its dynamic but whats the range? I saw somewhere wrote it could go as high as 1%

This post has been edited by ragk: Dec 15 2017, 01:10 AM
ragk
post Dec 15 2017, 10:42 AM

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So if my Nano S spoil, all coin inside gone as well?
ragk
post Dec 15 2017, 10:53 AM

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QUOTE(chinti @ Dec 15 2017, 10:49 AM)
nope, as long as u still got ur 24 keycode u can recover it on a new nano s
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so mean even i lost it but as long as i still keeping the 24 keys i still can get it back?
ragk
post Dec 16 2017, 01:22 AM

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Any 1 use Luno frequently on sending and withdraw? seems like a lot of bad comment in play store
ragk
post Dec 16 2017, 04:05 PM

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I'm looking at Binance now, its just a exchange platform right?
So i can buy coin from Coinbase with credt/debit card, thn transfer it to Binance and do exchange. So when i wanted to exchange the coin back to cash, is that any platform can do the work instead of looking for buyer at localbitcoins and perform manually?
ragk
post Dec 16 2017, 06:56 PM

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QUOTE(solstice818 @ Dec 16 2017, 06:28 PM)
Buyer direct bank in to your account.

Buyer will also state the account to be used. Instant transfer. If you plan to open an account, I can send you my referrral link in PM.  biggrin.gif
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u can give me ur refferal link, im gonna register this platform later biggrin.gif
ragk
post Dec 18 2017, 11:46 AM

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Whats u guy opinion on Eth future?
Planning to hold 1 or 2 biji Eth for long term, researching XRP too

This post has been edited by ragk: Dec 18 2017, 11:48 AM
ragk
post Dec 18 2017, 12:43 PM

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QUOTE(charlescheesepie @ Dec 18 2017, 12:40 PM)
on what basis do you claim that eth is stable ? over the past 2 weeks eth vs btc has fluctuated between 0.025 to 0.043 range.
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we are discussing about long term holding, majority of the trendy coin wont be stable anytime soon IMO because that's obvious speculation happened in the market

This post has been edited by ragk: Dec 18 2017, 12:44 PM
ragk
post Dec 18 2017, 02:31 PM

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QUOTE(propriete @ Dec 18 2017, 01:26 PM)
I think of crypto is a big game. Spend real money buy ingame money. Play hard to find rare item (BTC) then sell it for real money. What do you guys think?
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For this moment, i will treat BTC like gold. Ppl on the market decide how much the gold worth.
The price fluctuated too much. A businessman might fear the price of BTC he get through transaction will dip, and the holder might believe the price will be going up again, they would rather to keep it instead of spend it.

The tradition bank structure do have their very, very serious issue. That's some organization in US is against the bank system since way b4 bitcoin are born.
Imagine a bank open without any capital.
Citizen A deposit $10 into the bank.
And thn Bank loan this $10 to Citizen B. Citizen B use $10 to buy something from Citizen C.
And Citizen C bank into the bank again.
So out of no where, bank 'had' $20 from A & C, and B still owing the Bank. See the catch? Government and bank are having everything in control.
Cryptocurrency do address this flaw. And ofcoz include Inflation due to oversupply.

As a technical person my self, i do have my doubts on BTC future.
I do believe Cryptocurrency will be part of the future, just it might not be BTC.
Cryptocurrency still need more recognition and stabilization (price and tech) b4 it will be well accepted as a real 'currency'

This post has been edited by ragk: Dec 18 2017, 03:48 PM
ragk
post Dec 18 2017, 02:41 PM

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QUOTE(rjb123 @ Dec 18 2017, 02:39 PM)
If I didn’t get the 2FA reset I wouldn’t even have known I still had funds in there. Last time I logged in was back in 2014.
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woot worth 1 import car
ragk
post Dec 18 2017, 03:14 PM

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QUOTE(djhenry91 @ Dec 18 2017, 03:10 PM)
do u use luno? i use btc to buy eth..seem like u duno eth btc work
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Did luno charge on this? etc/btc trading. Or how much. Being research on multiple platform but keep seeing comment luno charge too much

This post has been edited by ragk: Dec 18 2017, 03:14 PM
ragk
post Dec 18 2017, 03:28 PM

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QUOTE(charlescheesepie @ Dec 18 2017, 03:15 PM)
i dont use the app.

anyway, what i can conclude from these trades is , you are using btc to accumulate eth. because eth has been weakening against btc over the past week.

BUT,

if u had held on to your btc since 14th dec until today, it would have been MORE profitable. because btc risen from 72k myr on 14th, to 78k myr today.

i am not criticzing , because hindsight is 20/20.
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Let say his initial BTC is 1.0, but after the ETH/BTC trade in and out, he may have 1.05 now.
So if he never trade, his net worth is 1.0 x 78k, not 1.05 x 78k like now
ragk
post Dec 18 2017, 04:32 PM

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QUOTE(propriete @ Dec 18 2017, 04:11 PM)
Nice. I’m taking it as gold as well for now. But the example … is:

bank only have 10 (from C), the 10 from A is loaned to B,
B owe Bank 10, Bank owe A & C totalling 20 (the number looks alright), “something” bought by B is consumed.

The problem is how bank can pay back A & C, it prints another 10 based on IOU from B. So money is printed based on debt.
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That's why if everyone withdraw from bank, the bank will bankrupt, because the bank doesn't have that much of 'actual' value as written on their asset report.
If tomorrow everyone are demanded to clear their debt, including US government national debt, the world economy will corrupt, because the world simply doesn't have that much of 'money' in value.
And yeah, government wouldn't wanted the bank to bankrupt, it destabilized the economic. The federal reserve may allowed the bank to print money. And in some country, federal reserve are private owned corporate that run by government, which the owner identity are well protected by government. Every noted printed are actually benefiting some individual.
and print money = inflation

This post has been edited by ragk: Dec 18 2017, 04:35 PM
ragk
post Dec 19 2017, 04:52 PM

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Is that any trustable platform i can purchase btc with credit card?
Btw, whats the min for HDAC ICO?
ragk
post Dec 19 2017, 05:11 PM

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QUOTE(AaronFPS @ Dec 19 2017, 04:58 PM)
1.5 usd if im not mistaken

compared to 15usd if sent using btc
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Thanks

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