Right now I cannot say for sure is bitcoin legal in India or not. Indian authorities made thing very complicated during past few days
As of now it is not illegal, as per the existing laws. But the government is somewhat hostile to crypto-currency trading within the country. They are not banning it, just because they know that it is not possible without shutting down the whole internet. |
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Slightly confused here. So it is 1% tax per transaction irrespective of the result of the trade? It is going to be disastrous for the day traders, but at the same time the impact will be more limited as far as the medium-term and long term investors are concerned.
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Many advantages of having bitcoin but I think only one of the most important is profitable, because bitcoin values continue to rise then have bitcoin is a very important thing for us to do.
If you look at the past three months' price, then it can be seen that Bitcoin has given a loss of 50%. So don't think that investment in Bitcoin will always bring you profit. Put your money in crypto only if you really understand this fact. |
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The high fee was one of the main drawbacks in using Bitcoin as a payment system. But it has come down over the past few months. I checked the last block which was mined (Block #517166). It contained a few transactions, which paid as low as 0.6 Sat/Byte as the transaction fee.
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Many people have been helped by Bitcoin at the current high economic cost. This is a way to make the world economy increase.
As of now, the market cap of Bitcoin is less than 0.1% of the global wealth. So it will be wrong to say that Bitcoin is having a strong impact on the global economy. But if this proportion rises above 1%, then there will be shock waves in the wall street. |
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Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
But then - Why is the use of Bitcoin increasing?
It is not increasing that much, whatever you hear is mostly propaganda. Do not get fooled, at the moment what the "early adopters" try to do is to pump the coin to dump later on. That is not possible to do without risk unless you have buyers willing to put their real money into it. Basically, BTCubble coin needs people to 'invest' so there is always a Greater Fool buying high while they sell and tell the others to hodl. It is not that simple. In 2014, we were having less than 1,000,000 users. And now, after 4 years that figure stands at 100,000,000. If that is not growth, then you need to explain the term "growth". |
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One thing I have noticed is that the incidence of Bitcoin-based ransomware affecting the systems have gone down. During 2017, some of the hackers behind these ransomware were arrested by the law enforcement authorities, and that might have caused a decline.
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It will. Just look at Japan, Singapore and Taiwan. All of there citizens are well-educated and they are not even a huge country but their country still manage to be progressive.
Hmm... these three are probably the most educated nations in the Asian continent, and they have developed a lot as a result of it. Singapore one of the fastest growing economies right now. Japan is doing fine, but they have to deal with the population ageing problem. |
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Obama and Trump are two very different personalities. But I think Obama is better than Trump, because Obama is always the man behind the artist. A great man but never outwardly. He does not discriminate on the basis of race, nor does he discriminate against immigrants.
Do you have any evidence to prove that Trump discriminates against legal immigrants? Obama was too lenient to the illegal immigrants, only because he was hoping to use them as a vote bank. Trump has no such idea, and he has cracked down on illegal immigration. |
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Legalize is the wrong word I reckon. The better and more accurate word would be to regulate. To which I have mixed feelings of, because the community is giving up some control of the cryptospace and offering it willingly to the government. We already know how corrupt governments can be. At least the Japanese government is better than the other governments. So far the regulation of Bitcoin and other forms of crypto-currency in Japan hasn't caused any serious issues to the Bitcoin users there. On the other hand, corrupt governments such as those in South Korea and India has tried to ban Bitcoin. |
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Living and travelling across all the South-East Asia I have never heard if crypto being illegal. For fairness, I also never heard of it being legal either  Bitcoin was banned in Thailand many years ago, although I am not sure about the current status. Vietnam has also made all forms of crypto-currency illegal in that country. Indonesia has also imposed a ban on Bitcoin. The only South-east Asian nation with a positive attitude towards crypto-currency seems to be Singapore. |
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Bitcoin is not officially illegal in India, but everyday the government is coming with more and more restrictive measures and harassing the crypto users. They are exerting extreme pressure on the crypto-exchanges and have banned banks from dealing with crypto-currency.
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I'm not saying that IPL is not a big league or PSL is better than it or anything like that. All that I want to say is, IPL should NOT become a border for ICC in setting up the schedule of international cricket matches. They should totally ignore IPL or any other league while making it, else ICC wouldn't remain "International" and would be called as "Indian".
ICC is already Indian Cricket Council because they have more then 70% revenue from them and they are favoring them in every instance just because of this they are not legit like many other councils of world sports mostly Indians blackmail them for their own interest but few months back they have problems as Australia and England not go with them for break of big 3 which was big setback for them The big 3 set up was created by N Srinivasan, who was kicked out for corruption. Shashank Manohar did a lot to balance the power within the ICC and now the things are more or less settled. And the fact that ICC gets a major part of its revenue from India doesn't matter, as the Indians won't be watching the TV if there is no quality opposition. |
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My prediction is CSK because I love the caption of the team,he is one of the kost valuable athelete and great skills too but bith have the same firepower behind it but lets see the yellow kings or blue army.
Mahendra Singh Dhoni used to be the king of the Indian cricket... (before Virat Kohli entered the scene). His era is over, and he has struggled in T20 cricket lately. IMO, Mumbai Indians is going to win this match, and that too by a good margin. |
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Hahaha, Conor is really brilliant . You can say what you want, but this guy always provides entertainment, now by attacking a bus  . I guess it is all staged. These people will do anything to increase the viewership and revenue. McGregor may be out of detention already. BTW... Is it now confirmed who is going to fight Nurmagomedov? First it was Ferguson, then it was Holloway... |
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Market consolidation is going to occur some time in the future, although I can't predict the exact date or month. Once that happens, the vast majority of the altcoins will become obsolete. Only the best among the coins are going to survive.
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Please don’t say 50 percent of each
BTC or Litecoin!
Go for Bitcoin. Litecoin is one of the oldest crypto-currencies, and technology-wise it is not much different from Bitcoin. On top of that, at the current rates Litecoin looks quite over-priced, at least when compared to the other alts such as Monero and NEO. |
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People who are against bitcoin because they do not get the slightest benefit from bitcoin, they only believe in bitcoin negative news, such as bitcoin dangerous because it is used for illegal transactions, I think this is not important, as long as bitcoin community strengthens then this is no problem.
How can you say that it is not important? If the majority of the population believes that Bitcoin is mostly used by the criminals and money launderers, then it can have an impact on the future acceptability of Bitcoin. It is extremely important for us to change the public opinion about crypto-currency. |
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The exchange rate is not one of the parameters which is important for the future of Bitcoin. The most important parameters are acceptability, growth in the user-base, legality and market dominance. If these parameters are OK, then the exchange rates will rise automatically.
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Everyone around me says, " sell all your tokens before bitcoin dies." Please tell me how to do?
If were you, I'll sell it even if the bitcoin price is low, as the price goes down, you lose it. It depends on the situation. If you are in profit, then there is no harm in selling some of your coins, irrespective of the exchange rate. The same is applicable if you are facing a financial crunch. But I would never advice selling all of your coins. You must keep somewhere between 25% and 75% of your coins for the long-term. |
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