The government of India doesn't have any clear understanding about Bitcoin. They still consider it as a mode to carry on illegal activities. That is why they will never allow SEBI to come up with something similar to Bitcoin ETF. I don't think Bitcoin will be ever traded in the Indian stock market.
The government has a very clear understanding of Bitcoin. That's the exact reason why they will never allow Bitcoin to flourish in this country. Long back, I had mentioned once, that it is good till the time government doesn't notice Bitcoin because the moment they start noticing, the freedom will be gone! Indian government understands everything. They very clearly understand the fact, that they can't control it. In a diverse country like India which lives under a constant threat of terrorism and also shared border with two enemies, will never allow such parallel currencies to flow freely in the economy. They will always see it as a risk. let me tell you, the stance of Indian government won't change towards crypto even if the government changes any day in future. |
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To be honest, Bitcoin enjoys first mover advantage. Because we have many altcoins available in the market which are technically more advanced than Bitcoin. But no altcoins was able to move out Bitcoin from the first position.
I believe the biggest strength of Bitcoin is its community. No other coins have such a strong community like Bitcoin. The community is global in nature. If some old coin is able to pull together a community bigger than Bitcoin, will surely over take Bitcoin. But for now, I do not see it happening!
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This is called consumerism under the disguise of globalisation. It's impossible to find a balance here. I belong from a generation which has seen the changes beginning from the color television. So I can safely say that it is impossible to find a balance unless you find a way to disconnect the internet facility for a community which wants to preserve their traditional things.
Globalisation has both positive and negative sides to it. Who are able to navigate in between them, will survive and rest will become obsolete.
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Well it's that having bigger capital will allow you to gain bigger amount of money if you are winning in a trade. A lot of day traders use this technique in the stock market using a huge margin provided by the broker. In that case, they are able to square off the trade faster. But it's not possible for the small traders to have such capital.
But please understand the risk part of it. It someone is not winning in a trade, it's easy for them to loose a huge amount of money in a matter of time and also if a suitable stop loss is not added.
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Here is a nice explainer video that explains how a debt based economy works - https://youtu.be/CtIkFNhd-0Q?si=88KyU1xdAwFHRSHcWatch it completely and a lot of misconceptions about money printing will be clear to you. Your concept of printing money is flawed. The banking system is bigger fraud than you think currently. |
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Day by day, the BRICS' alliance is strengthening itself as new countries become members of the bloc. They've announced their intentions of launching a digital currency of their own, in a bid to challenge the US' hegemony over the global economy. It's rumored that the new currency will be backed by Gold. Recently, Thailand announced its intentions to become a member of BRICS. At the time of this writing, the bloc consists of 9 member states. What would happen if half of the world (or a sizeable amount) joins the bloc? Would this threaten US' economic power? Or will they eventually fail? With rising geopolitical conflicts, the world will become extremely polarized. This might very well mean the end of the USD's status as the world's reserve currency and the US' status as a global superpower. Am I right? Your input would be greatly appreciated. Thanks.  Surely BRICS can overtake US economy. It's just a matter of time. Why do you think US is constantly threatening China? Because China is the closest competitor of US in terms of the economy. As per the IMF date, the nominal GDP of US is 28 trillion and for China, it is 18 trillion. No other countries have reached double digital in GDP. Also recently the petro dollar agreement with the OPEC nations has expired. Saudi said that they are not going to renew the agreement. So a lot of changes are happening at the global front. No one knows what the future holds for the future. |
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Rising geopolitical conflicts (wars) are having a positive effect over precious metals' prices. Particularly, Gold. However, things aren't looking too bright for Silver. The gray metal has been struggling to reach higher prices, staying within the $25 - $30 valuation of an ounce. Many experts predicted Silver would reach $50 an ounce, but that's far from becoming a reality anytime soon. Comparing Silver and Gold market performance, I'd say the latter has achieved substantial gains within such a short amount of time. I'm beginning to think that Silver is extremely-undervalued. Do you concur? If not, why? Your input would be greatly appreciated. Thank you. Never compare between gold and silver. There is a good reason why Silver does not mirror the pricing trend of gold. Unlike gold, silver has extensive industrial applications, particularly in electronics, solar panels, and medical equipment. This industrial demand ties silver’s price to broader economic conditions, which can suppress its price during economic slowdowns despite geopolitical conflicts. If the gold price increases, the price of many such items will have to be increased to maintain profitability. That's the reason why Silver will not perform similarly as gold without a significant shift in industrial demand or investment behavior. I consider the current pricing trend silver is good for the overall economy. |
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I would say it is a political bill. We have seen multiple such attempts earlier as well. But the problem here is the broad nature to define terrorism. It might effect the legitimate transactions as well. I too see the chance of getting this passed, is little. However, such attempts will always be there and the crypto industry will have to actively work to mitigate such bills from getting passed as a law. Enforcement agencies in US, are usually working with a negative mindset towards crypto, and such kind of proposals will give them more power to harass common citizens. terrorism is real and a KYC system is built to fight against it. Government should ensure that the KYC process is being followed strictly and that should suffice the effort to mitigate the risk of terrorism financing, I believe. |
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Blockchain's decentralized nature, transparency, and security have proven valuable in DeFi, NFTs, and gaming. AAnd this have made some organizations prefer use it.
Perhaps it can also change how we send money, pay with phones, and use some financial services?
Let's discuss and see if blockchain can work for these uses.
The scope of blockchain is much much bigger! Think about any area where the chain of data needs to be preserved, blockchain can be used. So payments is only a very small area that blockchain can transform. The actual possibility is much bigger. It can be used in medical records, land records, taxation and what not! Some government has already started using blocks and technology to maintain land records and for issuing birth certificate. Do a little Google search and you will get those details. |
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The payment for a freelancing service and a salary payment are structurally very different. Freelancers will prefer crypto payments because it will help them to hide here income from the government and also they would not have to make payment towards foreign exchange fees.
For a salaried person, the proposition is very different. The employer will be reporting the income to the government so there will be no way to hide the income. Considering how volatile Bitcoin is, paying taxes on it will become pain point. Also the existing liabilities of that person will suffer due to the increased or decreased amount of money that person will be received as a salary.
Personally I will prefer fiat as my salary!
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Not just EU, every government will slowly try to control the circulation of cryptocurrency in their country. United States has started. EU has passed many bills regarding Anti Money Laundering approach and included cryptos in them. So what is happening was very much fixed from the beginning.
It's very normal for the government to start and attack on something that they cannot fully control. EU is not an exception. But at least they haven't imposed a blanket ban on cryptocurrency. That would have been disastrous.
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Memecoins are not meant to have utilities. Memecoins are built for fun so that the creators can get rich quick. We can surely have some exceptions but they are extremely rare.
I would suggest to take memecoins as memecoins and don't try to find utilities in them. Remember not everything is gold that glitters. So learn went to come out of a memecoin investment without being attached to it.
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Without pretence, how'd you feel being a low class admist first classes where public are being attentive?
Honestly, to some oppressive times, I actually feel like to afford the first class expenses in that period of time just for impression but my fear always goes to HOW TOMORROW MAY BE because living in such competitive arenas is liable to disappoint a man as time approaches.
Money is indeed a key word of man's status quo but it's better to maintain a sustainability for a long term going than living the high classes in just a short term else, you'd become a mockery in reviewing of your past and recalling your present status quo.
It is more of a psychological issue. With availability of cheap loans, it has now become very easy for a middle class person to live a great lifestyle. People who are living from pay check to pay check, are the ones falling into this debt trap. It is really very difficult for these people to overlook the society and live a lifestyle which matches their income. If you are a bachelor, try to maintain a balance between your expenses and your income. Because once you are married, it is almost impossible for you to overlook the needs of your wife. Remember to take debt only when you are building asset. Never take out debt to buy car or iPhone. |
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AWS Mining website is nothing but a cloud mining scam. You can call it a ponzi shit! Majority of the ponzi scammers are now active in this market and they make unrealistic promises.
Please note one fact that in order to mine Bitcoin from AWS, you need to keep EC2 instance on and it confirms that you will never make a dime after paying the AWS invoices. It's super costly to maintain and it's highly likely to make losses.
So whenever you see such things being advertised, get out of there. I am sorry that you had to learn this in a hard way! I hope the amount is not too high.
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China could potentially remove the ban on cryptocurrency. However, I do not trust China government and they are known to change their stance frequently. So don't be surprised if the same bank issues a very negative report on crypto tomorrow.
Also I don't think China will ever start buying ETH or any other cryptos as a reserve ever. They may buy some from the market to hold it as an investment but they will never be used as a reserve for the bank. Or it could be very much possible that the bank has already take positions in ETH and they just want to sell it off at a profit. Everything is possible!
In summary, never believe a government, especially Chinese government!
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Gold EPF has become very common in the market. Also people can buy digital gold and store them digitally. So I believe blackrock is willing to come out of this competition all together. When it comes to digital gold and ETF, the main goal is to make profit from the prize movements. So when people can have multiple options for the same type of product, the competition become very steep.
I believe that is the case why blackrock wants to close their gold ETF. I don't honestly see any other reason. Closing out common products will help them to focus on new types of assets and provide better service to their customers.
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It was bad move go out of Europe.
UK economy Will fall and currency falling also now and not much demand for UK currency a lot business are out of UK and If you want to Open business in UK and you are eu citizen you need visa before you needed just 13£ and you have it the UK company registered.
But UK should rejoin or it will fall UK try to look like they are so important but it's not look you cant have even binance account in UK you have cryptocurrency restrictions it's not good.
Now UK stay out of the global markets while for example USA is working towards good things in crypto.
Many people belive that If UK don't rejoin again than this country will fall definately will fall those who hold UK currency better not hold it.
I don't see it happening! UK has looted wealth from all over the world and saved in their coffers. The amount is not accounted anywhere yet. During emergency, UK will start bringing them out. You can't imagine the amount they have looted. From India alone, they have taken over 200 billion pounds of that time! So UK do not need to join EU union for any reason. Also you are talking about 13£ company registration? Do you know who were the biggest beneficiaries of such registration - Ponzi scammers! When ponzi market was active through various forums like MMG, DT etc. 8 out of 10 ponzi websites were registered in UK. So if it has changed, it's good! At least the scammers will not be able to afford it! |
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Yes bitcoin is growing but it is really nothing to be cheering about! Comparison has to be done between apple to apple. banks have their own limitations and rules to play with. They are bound to follow such rules and also they are limited geographically to some extent. On the other hand, Bitcoin has no such compulsion. It can easily reach people from to all over the world where internet connection exists. So the scope of Bitcoin is much much larger than banks. So having a bigger market cap makes sense! It will become a reason for worry if it's other way around or it becomes that way in the future.
Bitcoin is larger than banks in size but with less number of consumers! Thank what will happen when the human adoption of Bitcoin grows! Can you imagine the scope?
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Guys, read the article. It's not a simple F2F transaction. The scale of the scam is much much bigger, around 3000 crore INR. So it's a much complex situation than a simple F2F trade. The problem here is that a lot of people are willing to not disclose their crypto transactions to the tax authorities so that they can save on 30% tax mandate. So the F2F or P2P crypto transactions are on the rise.
If we are staying at the right side of the law and disclosing the details in our tax forms, I don't think we need to worry at all. I always keep on saying that doing your taxes diligently will save you from a lot of future hassles. In India, it's better to pay up than to get an income tax notice.
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Arabs emirates moving away from usd.
Well USA don't care Because they have btc and crypto.
And USA got their own crude oil too.
So USA now will make the petro dollar to crypto dollar we see that USA will be main seller of crypto you need crypto you buy it from USA it Will be bigger than oil
I don't see it happening! US has always kept a multifaceted approach when it comes to their finances and economy in general. While the dollar is usually referred as Petro dollar, US has always kept other options open! So I don't see US adopting cryptocurrency to back their currency system, ever! It's like an open secret but a major chunk of their revenue comes from military equipment. In 2023 alone, US made a little over $238 billion by exporting military equipment. So they have got their backup. US will never indulge into something which they can't fully control. So I don't see crypto becoming a reserve for US dollar, ever! |
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