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 Luno Malaysia, Your experience, reviews, thoughts

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jack2
post Mar 7 2018, 01:48 PM

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QUOTE(TallJustin @ Mar 7 2018, 01:20 PM)
Who are you to ask them this? If I ran a company and a stranger asked me I have no obligation to answer. You’re not a Board member.

There are several people here that are so high and mighty. You are nothing!
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Another fans of Luno.

Why can't public to ask this when they are involving in tax investigation from IRB and as the result from this investigation, the clients' fund are being withheld for almost 4 months...

You have no obligation when someone asked you this question but when come to the current issue whereby if they fail to comply with the compliance matters as a Sdn Bhd. and as the result of that, IRB comes and investigate and suspend the banking account, that comes to the public's interest.

Public has right to sue personally the directors of the Company that they fail the statutory duties and responsibilities of a director under Company Act 1967.

This post has been edited by jack2: Mar 7 2018, 01:55 PM
jack2
post Mar 7 2018, 03:27 PM

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QUOTE(klthor @ Mar 7 2018, 02:30 PM)
lol, only board member can request? thats something new for me . ever heard of stakeholders?
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He did not know about what is stakeholder. Otherwise, he won't ask how to declare tax profit on crypto's earnings.


QUOTE(klthor @ Mar 7 2018, 02:31 PM)
boss, no more companies act 1967 ed la. 2016
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Boss, sorry.. too old didn't follow the latest coz long time no more in this industry.. lol brows.gif
jack2
post Mar 7 2018, 05:11 PM

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QUOTE(TallJustin @ Mar 7 2018, 05:02 PM)
Not at all, just sick of your repeatitive post claiming you’re some be all and end all that must get an official response. Everyone now bow before you. You must answer my question on a public forum (where I hide behind an anon name) etc etc
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If they fail to summit the returns, admit the mistake as everyone makes mistake.

Don't hide the mistake from public.

That all.
jack2
post Mar 7 2018, 05:50 PM

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QUOTE(anthonyyo @ Mar 7 2018, 05:16 PM)
Huh hmm...some other exchange provided their Maybank account to allow customer deposit and withdrawal. The Luno  luno luno......duno  bangwall.gif  bangwall.gif  bangwall.gif  bangwall.gif   bruce.gif  bruce.gif  bruce.gif
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QUOTE(caloyness @ Mar 7 2018, 05:45 PM)
he kept on blabbing because frustrated on the money he got stuck in luno, let's see after issue was resolved.
i understand that some people are really frustrated especially those traders who got their money stuck.
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Of course. Tax investigation is not so easy to settle off. Don't dream on.

This post has been edited by jack2: Mar 7 2018, 05:50 PM
jack2
post Mar 7 2018, 06:10 PM

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QUOTE(TallJustin @ Mar 7 2018, 06:08 PM)
I bet I’ve got more stuck there than him.

Waiting to buy a new car with it. Freaking gearbox in my current one is about to die. I’m desperate too
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I would say you are not clever enough.

When BTC was about RM26k level, the price in Luno was almost same as international price and you should buy from Luno and transfer out the BTC and sell somewhere else.

jack2
post Mar 7 2018, 06:27 PM

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QUOTE(TallJustin @ Mar 7 2018, 06:23 PM)
I would say you’re a douchebag

I buy from Reminato send to luno and cash out for 10% gain instantly. I’m patient.
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I did this as you but I have cashed out all funds from there when I saw the BTC in luno was in same level as international price and liquidated back to RM.

LoL... You Please be patient and wait.

I would advise you to spend RM65 to buy some info from SSM.

This post has been edited by jack2: Mar 7 2018, 06:28 PM
jack2
post Mar 7 2018, 06:41 PM

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QUOTE(TallJustin @ Mar 7 2018, 06:38 PM)
That would mean you made no gain so why even send the BTC to Luno? All you’ve done is pay fees for no reason.
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Again, you are not even know how the tactic works.

You are now stuck your money in Luno while I have liquidated the money from Luno into RM and I can redo the process.

1 Buy from R, Sell to L, get RM but get stucked.

During Jan, BTC water fall.

2. Buy BTC from L, sell to R, get back RM

This post has been edited by jack2: Mar 7 2018, 06:42 PM
jack2
post Mar 7 2018, 10:13 PM

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QUOTE(TallJustin @ Mar 7 2018, 09:56 PM)
We all know that holding RM in LUNO right now means you can't touch your RM directly via Luno, that is not disputed or even part of this discussion. Making profit from arbitrage is the point Mr big shot business man.

Buying in one exchange and selling in another simply because the exchange prices were matching is not profiting you it is merely cashing out and you'll loose money due to fees (they were at their highest when you did it btw). Congrats if that is your goal you have RM in your pocket today and I do not. If I wait till either the withdrawal opens on Luno or the exchange matches again, I too can cash out the BTC I wish to sell. However in the mean time i'm still happy to be making profit via arbitrage every time I purchase BTC and have it placed to Luno and converted to RM.
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It shows you do not understand. You missed the opportunity to cash out the RM when BTC was about RM26,000 ini Luno (USD6200+) - the gap of arb has lost and I believe everyone has bought back the BTC and cashout everywhere to obtain the RM at equivalent value of the BTC = MYR to arhieve their main object to sell in Luno.

Once they got their MYR, they can repeat the same process....

I will stop here to talk further as you do not think you understand. Bye for now.
jack2
post Mar 7 2018, 10:47 PM

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QUOTE(TallJustin @ Mar 7 2018, 10:24 PM)
It shows that you don’t understand that I didn’t want to cash at that point and BTC is double in value since than. Thank god you’re not my financial advisor
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My god....You use the MYR in Luno and buy from Luno and cash out from Luno to other platform... doesn't sound is doubled now or get RM and rebuy when its hit the breakout line?

From your thread asking the tax profit, it shows you are not from financial background and this simple maths to buy and sell and rebuy and resell thing you also can't understand.
jack2
post Mar 7 2018, 11:03 PM

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Guys, please learn from TallJustin to buy btc from Remitano and sell to Luno and earn profit of 10k immediately...

Fast!!!

Buy from Remitano at RM41k
Sell to Luno at RM53k

RM12k profit wei..... rclxms.gif

This post has been edited by jack2: Mar 7 2018, 11:03 PM
jack2
post Mar 7 2018, 11:18 PM

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QUOTE(TallJustin @ Mar 7 2018, 11:14 PM)
Also guys, don’t forget to take financial advice from the guy that sold his BTC at the lowest price it reached in the last 3 months
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人蠢沒藥醫


he bought from Remitano and sell in Luno but cant cash out RM is useless.

So the solution is how to buy back the BTC in equivalent RM and get back the same RM to bank your profit from Remitano to Luno.
jack2
post Mar 7 2018, 11:33 PM

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QUOTE(TallJustin @ Mar 7 2018, 11:29 PM)
It’s not useless at all, even if I convert back to BTC today and sell via Remitano I’ve still made more than you even with the lost I’ll take from the exchange. You panic sold...and you’re happy about it. You could have even left it on the Remitano wallet until now and made a tidy profit, but no not even that. Sleep tight
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You are not even know the purpose of buy back from luno and cash out at the first place.

If you understand, explain first before we talk further.
Nite doh.gif
jack2
post Mar 7 2018, 11:35 PM

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QUOTE(knnhenry @ Mar 7 2018, 11:33 PM)
either you guys dont even have a luno account, or you possess a double digit IQ. your money is not stuck at luno. if you want to transfer your funds out simply buy bitcoin or eth and send it to your localbitcoins or remitano address.
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they can't buy now as the price of BTC is higher than elsewhere... if they use the RM to buyu and cashout, they suffer loss...
jack2
post Mar 8 2018, 02:44 PM

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QUOTE(claudee @ Mar 8 2018, 02:00 PM)
rclxms.gif  rclxms.gif  Profit 12K but cannot cash out right
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he doesnt mind to wait. rclxm9.gif
jack2
post Mar 8 2018, 05:52 PM

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QUOTE(NCSHyundai @ Mar 8 2018, 05:18 PM)
Well, If maybank is tryingto be troublesome and make it hard for luno , or cryptotrader as whole, i think luno should just forget about doing business with maybank and find other bank that is willing to do business ASAP!

How many more months does customer need to wait?
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Wanna share the cost of 65 RM to buy SSM report.
jack2
post Mar 8 2018, 06:40 PM

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QUOTE(NCSHyundai @ Mar 8 2018, 06:32 PM)
Ok
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Real ah? I was going to buy yesterday but cc can't get through...

I wanna see their SsM status and financial background in the past two years

user posted image

This post has been edited by jack2: Mar 8 2018, 07:34 PM
jack2
post Mar 8 2018, 11:27 PM

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QUOTE(jack2 @ Mar 8 2018, 06:40 PM)
Real ah? I was going to buy yesterday but cc can't get through...

I wanna see their SsM status and financial background in the past two years

user posted image
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wow... Aaron Tang is mrluno? He has been appointed as the director.

And for your info, the company status is still dormant.

Company year end is Feb 2017. We can see more in coming 6 months later when the Feb 2018 accounts are audited.

This post has been edited by jack2: Mar 9 2018, 12:00 AM
jack2
post Mar 9 2018, 10:48 AM

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QUOTE(klthor @ Mar 9 2018, 10:15 AM)
wow, you really go and buy its report from SSM? so luno still dormant in malaysia after operating for so long... guess they just incorp a company, open bank account, run the business, submit to ssm dormant, submit to LHDN dormant and no income.
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Why no.. just RM42.50

They incorporated during 2015.... I don't know when they started the business but they came back last year Mar 1 2017 and their financial year end is Feb 28, 2017.

Arron now is one of their director... biggrin.gif
jack2
post Mar 9 2018, 03:54 PM

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If someone is from media, can write email to Maybank to query the status and reason.

(Or pakat to stress Maybank as stakeholders as the money belongs to us)

This post has been edited by jack2: Mar 9 2018, 03:55 PM
jack2
post Mar 9 2018, 04:59 PM

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QUOTE(azam_halim @ Mar 9 2018, 04:56 PM)
no respond from jack's 'investigation'?
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What investigation??

SSM report? U know I know why no response

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