Ultimately it's the comparison between highly vola tile altcoins with a possibility of extreme profit or loss, would say all or nothing and guaranteed profit but may be slow and steady which is Bitcoin. As you have mentioned it would take good amount of time for Bitcoin to even increase 3x but for an Altcoin it's just a matter of an hour or day. Indeed Bitcoin was most profitable and will remain most profitable even in the future for those who are not willing to take much risk or long term hodlers but Altcoins will be the preferred by those high risk takers who don't want to hodl and looking for quick profit by considering the risk factors involved.

This bullrun we will see how people will switch from bitcoin to Altcoin once bitcoin's price pumps and stagnates at a level which triggers Altcoin rally.

I have noticed this local board has far lesser activities compared to other local boards and moreover the reason could be it's just acting as a board for asking questions and answers. But, can we make this place more informative as in sharing more about what's going on in India with crypto and any particular Indian based projects or even crackdown on crypto by authorities?

Afterall, we cannot just remain as question and answer forum. Rather we need to discuss more regional challenges and how we can fix it or a possible way out of it, and things like is there a way we can avoid taxes while trading without breaching the law of land, etc.

If each user contributes even one or two topics in a week then this board will be more informative and have more activity.

There are too many issues in South East Asian nations and the poverty which we define here is due to unequal wealth distribution and there are elites, ultra riches, billionaires on one side with heavy political influence and then you have the people who are already below poverty line and struggling to float above the line by working for extra hours for basic necessities and in this situation those who are near poverty or below poverty don't stand a chance to take out their time and get into something like crypto and bitcoin which indeed can change their life but they need a capital first and learn about it, they are at a situation where they cannot invest and even if they do and bear run starts they cannot wait for 2 to 4 years to cash out.

But there are people whom I have know their life has been changed they understood the technology and has been contributing at the same time earning a good fortune. But no-one openly discusses it as you never know when government will start crackdown on crypto and users. Bitcoin became too mainstream when celebrities invested into it in 2017. In last few years things have been changing and more users were adopting Bitcoin but Indian government introduced extortion sort of tax process for crypto trading which has left everyone bothered and some of the prominent traders have even shifted out of India but small traders and investors have vanished from market, this happened during the time we saw people started adopting crypto.

It's all about control, US fed just wants to control everything in the world and crypto was something which couldn't control due to its decentralised manner and they tried their best by intimidating users against adopting it and even creating obstacles for Bitcoin but when everything has failed they have resorted on cracking down the exchanges and still they will fail miserable as this will push more and more users towards DEX which even I am considering now as I had been using CEX due to UI and liquidity but seems like CEXs are involved in illegal activities and violating the norm which makes them no less than other criminal gangs violates the rules but it's the investors and traders who will be in soup if they just disappear one day hence it's time we more to true essence of crypto which is decentralised exchanges and decentralisation. But it would take time for us to adopt to it.

It doesn't mean we fall in trap of the feds since they are trying to do all this just before having to kill crypto.

No way, How did you even arrive at the conclusion that NFT and stable coins can be a bailout which government can use? Even within the crypto domain NFT is the most useless thing and biggest scam where people were investing big time of illusion due to the amount of hype it has created. Even if government decides something like this then they would consider creating their own digital currency instead of using Crypto. Those stable coins which you have mentioned doesn't have a reserve for the amount of usdt they hodl.

First of all why should we believe this numbers ? It's their own audit and this is not done by a third party and until it's audited via a reliable third party auditing firm we will.not believe in the numbers shared, they can easily manipulate is with these made up numbers which they publish to fool us and to continue gaining our trust that our funds are safe but in reality they will not even have 1/4th of the reserve which they have mentioned and it's a bubble which is gonna burst anytime.

Secondly, Why USDT is getting all the hate? It's simple, because it has the most funds out of all the stable coins and when one talks about stable coin Tether is the first thing which comes to their mind and it's obvious that the more people use it more it would get more exposure and it would go through more scrutiny, which they can shut down by allowing an third party audit.

Last bull run was absolutely crazy as most of us made a good amount of profit even with shitty projects which has no progress as you mentioned but I wouldn't say most of us but a good amount of people who had gained through the bullrun ended up losing it all during the bearish market due to poor financial planning and greed. This clarifies that we need a proper planning to handle the gains we accumulate during the bullish market so that we could sustain the bearish years which lasts lunch longer than bull run. I think this time people should learn from there previous mistakes.

Right from the title till last line of the post I couldn't find any sense at all. Why would someone pay multiples of what they used to pay as transaction fee and if you are trying to transfer a small amount then the transaction fee is higher than the actual transfer amount and Bitcoin was supposed to be an easy and cheapest way of P2P transfer but we don't expect transaction fees to go higher during bull run like gas and electricity bills which goes higher during winter season.

This has to be fixed we are supporter of Bitcoin that doesn't mean we will support the flaws as well. Sorry there might be different point of view but I feel this doesn't make sense.

This stands true for me as well, I think we shouldn't be careless let it be any crypto whether it's Bitcoin or Altcoin we should remember password and security key, phrases safely as we never know which coin we hold in any wallet can become next big thing.. I still regret my mistake of not having a back up of the password for my blockchain wallet and also not making a note or saving the seed phrase 8 years ago.

But most importantly never leave any crypto just like that for long term without monitoring because it might lead to disasters as well like the one of FTX and Luna.

You really cannot escape the taxes unless you move out of centralized exchanges based out of India because they have your KYC and also they already deduct the 1% TDS at the time of making trade or transactions so you cannot even gain much if they keep dedicating 1% TDS on every trade you make because of you are a regular trader and looking for small profits that would eat up your profit. Try using exchange like Binance or other international exchanges which are based out of India for trading but withdrawal I am not sure if your government can get data from them as I have not seen such things happening but if you are intending to withdraw huge amount then it's advisable to go for OTC. Mate this taxation rule has just killed the Crypto trading industry in India.If we try to get it transferred to other country to your contacts and get it from them through different mean that would become money laundering and get you in legal troubles. If you trade at massive scale which requires you to withdraw huge then relocate to crypto friendly nations until this rule is taken back.

Well, that's the kind of crisis we are going through but what surprises me even more is all these points which you have mentioned applies to working class or middle class people wherein elites don't even give a damn regardless of situation there lifestyle continues as it is and yeah people cutting down on unnecessary expenditure is the only way to cope up with the rising inflation and bad economy unless one has multiple stream of income which increases as per the price of commodities.

Only losers don't know how to adjusts to the situation according to th economical needs and end up in debt trap.

I have a very generic response to this as why would they sell? They are long term investors and hodlers they have fixed set of Target in their mind and no way they are gonna sell it before achieving that and it's not these 20% or 50% target which we set for long term rather a calculated one based on growth. We have seen people towards their pension scheme or stocks for decades to retire with ample amount of money and same logic applies here as well. Suppose a person bought 5 Bitcoin before 2015 at the price of $1k each and he sold one at 2017 bull run around ,$22k and another when bitcoin hit $69k in the recent bull run. They are financially good and looking for certain pumps and profits which they have incurred in the past.

I guess the TDS of 1% applies for every single trade you make, whenever you buy, sell or swap. There is no way of escaping the government of you continue to use Indian Crypto exchanges likes Kuber Coinswitch, CoinDCX, WaxirZ, Etc as here when you trade the amount you get is post deduction of 1% TDS. I would suggest to go ahead with renowned international exchange like Binance as I don't think they share your data with government. But you need to be cautious while withdrawing the amount, I was in such situations and preferred OTC.

Big no to meme coin as there is no valid reason to invest into it and there was a time when market was obsessed with meme coins and NFTs but now that's not the case, meme coins can be used as a P2P transfer method only if it's available in major exchanges, coi  like doge. But we need to consider bigger picture wherein doge, pepe has pumped there are hundreds of meme coin project which fails and one few gets the limelight. It would be better to invest into some coins which has great potential instead of meme coin.

If you are a short term or day trader then you can try your luck on meme related new projects as first few days there are usually lot of fluctuations, but on a long term it's dead shit coin.

No one in the right sense of mind would pay that much transaction fee and first of all there is no way that such a higher fee will even reflect as transaction fee.

But it's little disappointing to see the transaction fee getting higher due to congestion and this usually happens during bullrun and this itself kills essence on Bitcoin, what's the point of using it as P2P transfer medium if you are going to pay huge transaction fee. It's more like the rentals of hotels during vacation and festive season.

It's a hard mix of both , as value of fiat is depricating to a small extend as well as commodities increasing and increasing inflation is causing the price of commodities to increase but value of Fiat remains more or less same.

I will give you an example of myself. I have recently started construction of my house and I had got a quote from a building contractor 2 years ago and now the quotation which I got is 55% more than what was quoted  2 years earlier and the reason given was the price of petrol/gas has increased and thus the transportation cost of raw materials have increased. It's a chain process and we can neither beat inflation with our fiat nor cope up with it if we save in fiat hence Bitcoin or stock would be better option here.

We ar contradicting the facts here why would Binance punish citizens of Russia for something done by the regime and I am sure they cannot be so insensible and if businesses and service providers are gonna pull out due to the crimes, invasion and war the there is a country which has invaded 1/4 of world and there would have been no business or service providers in that country.

This is not gonna have any impact of Russian regime and also I have had some Russian counterparts as my client they have their own version of everything, be it social media be it applications or exchanges.

You can never test capitalists as Russia is a huge market for them and they are not gonna let it go just like that.

Hey there are two things we need to consider, obviously there will be fuds everytime even during the peak of bullrun but I suspect there are bigger plan of either inflicting fear in the mind of people as sudden purge cannot be coincidence. Regardless this shouldn't have any impact on Bitcoin or Crypto in general except exchange tokens, it's just a matter of time and few negotiations because out of court settlement is what SEC is currently expecting to fill it's coffer.

This shouldn't be impacting price and also the fear will be vanished as the time goes on. But, we need to learn why suddenly they are going behind exchanges? is it because they miserably failed in creating fear which they tried with ads from banks and ATM asking us not to deal with crypto at certain point.

Yeah this is scary, I was talking to my wife about certain thing on consecutive days and then I see something related to that pops up on my Google Chrome, they even have voice detection I belive and we are being spied upon big time, right from our browsing history to shopping cart to the genre of videos we watch on YouTube until the places we visit.

We need to understand that if we are getting something for free, it mean we are the product and same game is played with us by big companies like Google, Amazon, YouTube, Meta.

Divide it between crypto and other assetts like gold, stocks, etc. When it comes to crypto don't experiment with Altcoins or any exchange tokens like BNB at the moment as situation is very volatile as crypto exchanges are being haunted by SEC. Just wait for a while as price of Bitcoin might go through an correction phase then invest 70% into Bitcoin and the rest between Altcoin, stocks and gold.

Note : Bitcoin would be long term investment, Altcoin can never be long time it would be a short term investment.