I would go with the lump-sum, assuming you mean a big amount when the price drops. That once held for long gives you enough price to sell at a decent profit. This means that instead of buying every month in DCA you buy once every 4-6months during a bear market and you sell like that in a bull market. Use the profit to buy back at the next bear market and continue to multiply your money.

This needs patience and by that I mean a lot of it. Fortunately I can do that because I have other sources of income. So that cushioning is needed for anyone attempting this method.

Well firstly, dont gamble at all.

But we all would not be here if the above was true would we?

Hence start with a bankroll management, budget how much can spend on gambling (=waste for fun) and how much you need to pay off your debts and expenses.

If you find yourself struggling with this, you may need to control your habit of gambling and start saving big time.

I still feel that the better method of buying bitcoin is to wait till it crosses a set point that have observed over years as support level and drops even lower. A huge chunk of bystanders will buy in at that price and you will see the next support level build up very quickly and that is to be noted in the spreadsheet which you are using to keep track of trades.

Then the price can move sideways up or down, each has their own approach. If it drops, determine a second point to buy and proceed with that. If it goes sideways, just wait it out. If it goes up, sell after you have broken even.

Sherbet username: TheUltraElite
Prediction: $28410

Cool down there fellow mate. I am sure the intention of the OP was to make a thread for those who might be in need of such a topic and not promote the idea that bitcoins should be sold away for INR. Someone may have coins at hand and need to spend them for emergency because they did not bother to keep funds separate for that mater.

Anyway, OP should comment on what the tax situation for such transactions have been. That 30% is a big number out there.

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One method to avoid all these problems is through giftcards. But I never made a head to head comparison of fees spent on exchanges and on giftcards.

I think we can all agree on this.

Without set targets, spending remains uncontrolled and savings reduce drastically. Being frugal is often inherent but can be acquired through proper training. Some people are easily coaxed by advertisements, promotional content and word-of-mouth. Being able to control them takes skill but is possible.

Hence discipline makes the cornerstone in all these. Without that a lot of things in life would go haywire.

Why are we all still looking at that Space-psycho owned social media posts as the bible?

Have we not matured enough to remain calm in situations like these and take everything in the crypto space with a grain of salt?
It needs more polishing it seems.

Anyway, I would suggest people to wait this out. If bullish markets set in, keep sell orders above 35K and 40K to maximize profits. If ETF does get approved, no wonder the prices will rise but they will correct again giving everyone buying and selling opportunities.

Hence bottom line - Dont panic and stop following social media.

Creating a account on a site or app and then reviewing the service with some testing money is nothing new. It does not necessarily mean that the person doing the work is going to continue using that service if they never actually needed it.

Similar with signature campaigns, because it is a person's own choice to use the service or not. It may make the person's first choice preference to that site that they promote but not necessarily.

All in all, I feel a mixture of signature/review/Artwork making/Giveaways all add in to the promotional landscape, all have their own different way of drawing the crowd.

Inheritance and the sentimental value of Gold is whats makes it attractive.

When the partition of Bengal happened, dividing Bengal In India as West Bengal and Bangladesh as former East Bengal, refugees left overnight to move into India with nothing but their Gold ornaments, using which they set up in different places in India and used that gold to eventually set themselves up. These stories give you goosebumps but they are true.

However the younger generation is gradually getting into crypto sadly this term implies mostly shitcoins that make quick bucks to them. I personally have the opinion that every asset has its pros and cons and all should be tried based on your own taste.

The government can keep banning them and more such avenues to circumvent the official ban on gambling will come up and be made popular among the youth of India. If you feel they are bad, advice those who are addicted to it to quit using them, help them but dont force them, because it is an addiction after all.

Such cat and mouse games between the government and different app makers always exist, you just have to watch them have fun.

We have regional languages, with so many of them, having a child board inside that board, seems redundant to me. However if others are in agreement then I would say go ahead with it.

One section on Economics (India) and put the "Marketplace" and "Buyer/Seller Reputation" under that as child boards?

The section gets mostly spam. I would wait for others to comment.

Which I also noticed, thanks to the GMods.

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I second the idea on a section dedicated to Gambling.

Eh Roti is so unclassy to be eaten with chai.

Biscuit all the way with chai. Though I am a coffee guy in most cases.

Its a good initiative that you have taken and giving the participants a small token of appreciation which can utilize is a good gesture.

But the question remains as to how these people will increase that 1$ to 100$ - have you taken that into account? This question comes in naturally and you will have to face it. Also how they can spend this small amount of money as well.

It is possible for them to visit this forum and look for job opportunities from the forum too. Try showing these things among others gradually on upcoming meetups or on your social media page and good luck on your work.

If it is showing up in your wallet, then you have received it.

A number of proper block explorers have been posted by the members on this thread. The two you mentioned are for two different blockchains. Please make sure you are on the right one.

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A remote possibility is that OP landed up on a scam website that shows people that they have received coins and on trying to withdraw that, they need to pay a fee which is scam because whatever you pay them, that money will be stolen and the coins are never yours.

Please enlighten us OP.

Sites like these get flagged by MetaMask extension if you have that installed. I havent checked the same myself though, being an extension it still works both the roles of a Ethereum wallet and a Security guard.

It might be difficult for a newbie to understand this type of scam because its new and seems benign and they might connect their wallet to this website. So anybody reading this should be warned from doing the same.

Websites which look like/sound like popular websites should be double-triple checked for legitimacy.

Here is what I usually suggest:

1. Make a list of things you spend money and your earning last month from all possible sources. This should give you an idea of monthlies and then you can decide which ones you can cut down on.

2. Spending a thousand bucks on food order-in more than 10times per month is a waste as compared to a humble 2times per month with family cooking the rest of the month.

3. Taking the commute in public transport than a Uber surely saves 10x of your money per day.

4. Keeping a single sim card for all sorts of stuff can half your mobile topup spending then double sim card that people commonly use.

5. Cutting down on entertainment costs can lead to a dull life but as a student you might get that to your advantage - this includes paid TV services and all that. You can always use torrents for any show that you might want to watch when trying to wind down.

Remember that spending of money is always by channeling the seven sins of humans. Control them and you can save a lot. Try this yourself and see how much you can work it out.

Well firstly the OP title and the thread opening post imply a different context.

I know this might sound rude, but it is not your job to convince them or as a matter of fact, any no-coiner to invest in bitcoin. It is their choice and although you have vested interest here being your family, you should be careful about this.

A person who has spent their time away from technology and recent advances and wants to lead a quiet happy retirement cannot be made to get into crypto against their will, they will face a lot of mental and physical stress that they may not be able to endure, you are young and you have no idea what your parents might go through.

My suggestion here would be to start a saving from what you can manage every month and gradually start buying bitcoin from that every month or so whenever the price drops. As your stash increases introduce your parents to it and show how the coins can be used.

New things need to be introduced slowly and not forcefully. Forcefeed someone and they will never accept it.

Basics before advanced, always the best method to scam is via the basics. Manipulating people by their emotions to do something has been a way old method and it works in most people. Remember that people on social media can fake themselves to the maximum level and hence take everyone you come across there with a grain of salt. These scammers patrol not just dating apps but any sort of communication method that comes up.

Most catfishers are desperate, so before responding to anybody, be on guard. Unless you know the person in real you should not engage, even still their account could be a hacked one and attempting to scam someone quickly before they get locked.

Anyway the thread has severed is purpose and should be locked now. Please add a [Resolved] tag on the original title.

My take on regulations is that they are necessary to weed out all these shitcoins and shitprojects that take away honest investors money. Governments dont want bans as it is evident from this news, rather they would tax us and take a profit off us, which I guess is a less evil trade-off.

I am optimistic about regulations and if they happen I am sure the crypto ecosystem in this country will improve. Fingers crossed to see how this progresses if at all.

@cafter, I know you are enthusiastic about making money and I wish you all the best, but a fellow member of this forum, I would not encourage you to gamble your money like that.

Sports betting is not learnt in one day by just knowing the game and how its played. It is a result of years of analysis of games, player's performance, team's outcome when pitched against one another and a bit of luck. You might get lucky but if you want a career in sports betting its way bigger than that. At some point you might not be able to clear your balance off the red.

Those who actually make money from sports betting are often gamblers but more often they are converted gamblers or affiliate marketers making podcasts about sports and showing off their money because they are paid to do so by betting companies. Same happens with Poker at one stage once you make a name for yourself. They dont gamble anymore.

Its your money though, not mine, but that is what I have understood over these years.