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121  Local / India / Re: Cryptocurrencies in India legal, regulation in final stages, reveals RTI query on: February 09, 2019, 11:57:48 AM
even the cryptocurrency are legal in india still there are much problems are being faced. The RBI is not able to keep the records of taxes and there is a accumation of black money. Even the greatest stars of India like amitabh bachchan bought bitcoin to safe his illegal money. Moreover recently the ATM opened by the unicorn exchange was also closed and a fine of 1crore was imposed by RBI on them. I think till the government finds out the solution of keeping the records of money from cryptocurrency it will not be legal.
It is not new,we have black economy ,there is very less tax payers and mostly local business are done through cash to hide income,and politics add bonus to this economy there are plenty of corrupt big politician and have solid background which protect them ,I also think untill we have digital record maximum people transactions coverage,it is no use of making crypto legal as it further promote black economy although rbi should remove ban  on crypto and very few tech people know about crypto and how to use it,but there are plenty of scammers out there who will ruin this opportunity from getting India to digitalise with new technology.
122  Economy / Economics / Re: Will crypto solve socioeconomic problems? on: February 09, 2019, 11:39:18 AM
Blockchain would definitely will, definitely not sure about crypto as it can be used for both legal and illegal side usage.although crypto implementation has greatly affected fund raising system and now more and more start up are taking ico route and technology will be further improved thus creating entirely new sector of IT for crypto and blockchain space.
123  Economy / Economics / Re: Will Amazon accept crypto if Bitcoin skyrocket again? on: February 07, 2019, 03:55:58 PM
I don't think so ya they may introduce Amazon voucher inbuilt exchange for crypto but direct payment I don't think so,they already have big user base and they super profitable ,I don't think they gamble with profit,even if we consider that Amazon is interested in crypto then they might introduce their own to take gamble bcz they will become major holder.
124  Economy / Marketplace / Re: $1 Billion Dollar’s Worth of Cryptocurrency Stolen in 2018 on: February 07, 2019, 04:31:20 AM
ya it is not a new news we have been seeing this from back few years ,the only solution is decentralized exchange but with the speed of centralized one ,there are some blockchain who have dex comparable to centralized but still there are not getting  enough users or traders ,it will take few years to choose dex rather than centralized exchange till then it is good to have double protection of your account + fund protection in exchange so even if they got hacked they will still liable to pay you back.
125  Local / India / Re: Would you be interested in buying Amazon vouchers using Cryptocurreny? on: February 07, 2019, 04:18:31 AM
years back few major exchange gave us a option to buy voucher with crypto,but now as they are not working there are some guys in this thread section who are doing it but i think in order to increase your service your should built some trust around here then only you will get users,there will plenty of buyer here for amazon voucher but you have to gain the trust repo.it is best to have escrower or choose platform like paxful to give your services and dont think of doing many service(different product vouchers) at once first get good hold of this service then progress further.
126  Economy / Economics / Re: The Factors of Demand and supply on: February 07, 2019, 04:10:41 AM
demand and supply is applicable to every commodity with price,crypto is not different here also coin price rise when supply get decreased or burned,in case of btc bcz of its low supply and high demand price increase but majority of btc is holded by few guys or group so they control the price ,even if demand is increasing and they are not ready to increase the price then btc will dump so its upto to them to control the market scenario.
127  Economy / Economics / Re: Friends reactions to crypto currencies? on: February 06, 2019, 03:35:18 PM
They think crypto currency as stock in my scenario ,first when they heard about btc when there was btc rally they become very addicted to it ,they just wanted to invest in it to gain profit but after btc dumped they started saying it is just a ponzi scam😂,many friends of mine heard about blockchain but do not care about it ,they just want free crypto that's all.
128  Economy / Trading Discussion / Re: Intraday vs HODL on: February 06, 2019, 11:09:24 AM
i have experienced both the play and both are suitable for different project,there are some project for them its better to sell fast and convert it to next desired investment and for potential project its better to hold them for big profit but its upto you as per my experience i have seen selling some project token fast had lead to regret.but if you got free time then it better to go for day trading but if your are working then its better to hold and sell those token or coin whose you can't trust for long for profit.
129  Bitcoin / Project Development / Re: Ideal cryptocurrency exchange - how it should look like? Prometheus exchange. on: February 06, 2019, 10:51:25 AM
in my opinion to compete with current giant u need an exchange which has following functionally.
1)decentralization- it is most necessary step an exchange should take to gain trust of traders as there are multiple hack seen and ddos attack on exchanges.
2)liquidity-liquidity should be there to attract traders and mainly attract big volume trader so that your exchange can be list in big sites i.e cmc
3)optimize-your platform should be optimized so that traders have good experience from different device and mainly focus on mobile app as world is changing and majority of traders prefer to access platform through phone excluding day trader. 
4)rewards-competition should be there to attract users or giveaways i.e focus on marketing as well.
130  Economy / Economics / Re: Bitcoin prices will continue to fall on: February 06, 2019, 10:40:50 AM
it seems that the current condition of bitcoin prices tends to fall because more and more traders are panicking and not trusting bitcoin and maybe also because they are affected by bad news so that the price conditions in the market fall like this.
Yes, I think for this year we have to be very patient, because after the drastic increase at the end of 2017, the price of Bitcoin has dropped sharply, maybe this is called a resistance, so this year I will continue to be patient waiting for the lowest price of Bitcoin.
price moved based on supply and demand.on end of 2017 , there are much demand to bitcoin that make its price jump highly.but unfortunately after that many government issued negative news that make demand decrease alot till now.and its directly effected to bitcoin price till now on.
there were many fud around 2018 but i dont think that is the sole reason of its downfall,ya there were government ban imposed on crypto fiat transaction which has drastically reduced  traders of that country but still crypto to crypto are growing ,the main reason even after getting some good new in starting 2019 price continue to fall,i think major player and institution are getting in action and are waiting for right fomo to start bull run again.
131  Economy / Trading Discussion / Re: Everyone loses money when the market is down right? on: February 04, 2019, 11:36:43 AM
In this bear market many are complaining about loosing money and it is not a new thing as when you are seeing as market is manipulated then why new traders are investing and then loosing.even if you are professional developer it is good to take hourly profit and move on and do not be greedy.traders can't always have profit, they have to loose also so it can add to your experience rather than thinking of lost money.
132  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is it ok to lock your bounty for 4 months on: February 04, 2019, 11:19:06 AM
it is generally done by many project so that bounty hunter do not dump their coin right away but i think 4 month is too long ya 1 month or in a sequence distribution is okay but 4 month is bit too extend.i also been a part of a bounty which payed bounty hunter after 1 month but its okay as they have to show trust to investor so they have first right to trade.but they are many scammy project are there so first check the project then u can be assured that they will pay you or there should be escrower.
133  Economy / Economics / Re: Gold exist 1000+ years. while bitcoins exist 10 years. on: February 04, 2019, 11:04:32 AM
I think it is not appropriate to compare a physical and digital asset,one thing is sure gold cant be replaced no matter which other asset come,because it is most popular asset to store funds and widely used in other utility and majorly in ornaments industries.bitcoin is considered as the digital gold but it will take time to get acknowledge by regular people not just guys who are in tech background ,bitcoin popularity will grow in future and so its utility.
134  Economy / Speculation / Re: How news influence the market. on: January 31, 2019, 03:50:09 PM
Media can be controlled by money power,I have seen trusted news channel sharing some for fomo news then deleting it.there are big players out there who control majority of market and it is planned game to get them benefit.for normal trader they have to trust famous news channel only for day today update but trader should cross check news authenticity through social media platforms.
135  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Government does not like crypto? on: January 31, 2019, 02:55:03 PM
There are two reason over it as first they want to govern every asset and second is that they don't want to change fast ,they are ok with old asset of investment ,in order to understand new asset they have to form different regulations regarding it and that is frustrating.and if they approve it ,for general people crypto holding is a big risk bcz of scammer or loosing their fund due to lack of knowledge and then they will approach judiciary indirectly affecting government.
136  Economy / Trading Discussion / Re: best coin for long term investing on: January 31, 2019, 08:55:33 AM
there is no certain best coin,coin which have progress and development going on is the best.but if you take in account of investment purpose then hold btc in good amount bcz it is first of its kind no other coin can beat it in popularity ,second one is ethereum which also hold good share of crypto market so you should keep an eye on them to play safe in investment ,then for other investment there are very good project out there you can invest in but you should be patient as they can't grow fast like mainstream crypto.
137  Alternate cryptocurrencies / Altcoin Discussion / Re: Never regret anything on: January 30, 2019, 05:24:05 PM
Regret doesn't provide anything ,it only increase stress so it is better not to blame yourself for anything.crypto trading or investment is not a child play ,you will loose your fund and gain profit sometimes ,it is a never ending process which will only improve you but it's better not to think yourself as trader at the starting.there are virtual trading platform where you can sharpen your technical skills.
138  Economy / Economics / Re: Bitcoin holders will have to pay their tax? on: January 30, 2019, 05:18:06 PM
First of there is no way to know how much one own unless they are keeping it on regulated exchange ,they have to pay tax to account transfer as to tell the source of income.its depend on government to government ,how much they have to pay and I think btc should be tax in the country where there are crypto regulation available to public.
139  Economy / Economics / Re: Why we want btc etf and bakkt? on: January 29, 2019, 05:18:42 PM
It is just thinking way ie if etf and bakkt get approval and become successful respectively then many traders who are thinking of investing in crypto but are afraid of legal binding can take step forward towards adoption of crypto.i would still say it is thinking way which can affect new investor or public awareness about crypto,without it crypto was growing and it will grow but yes they can act as catalyst to boost progress.
140  Economy / Trading Discussion / Re: Why do Crypto Traders need to learn a lot from Forex Trader if they want to succ on: January 29, 2019, 05:11:07 PM
I don't think so , although I have seen people saying that first learn from stock or forex but I think crypto market is different from those as it is newer plus there are big players who love to control market and your technical analysis can easily fail during fomo and fud so crypto market is different than just going with forex skills.
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