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1561  Other / Meta / Re: TalkImg.com - Image hosting for BitcoinTalk on: June 12, 2023, 05:10:00 AM
@joker_josue You need to set TalkImg.com as your avatar and signature! Seems crazy to not use those spaces and your reputation to promote TalkImg all around the forum.

I doubt it is needed as of now as TalkImg has grown organically through discussion and a lack of support from Imgur. At the moment TalkImg does not have any monetary support and if the owner wants to get some revenue through a signature campaign then I do not think that should be an issue. I do feel after a certain period of time TalkImg should introduce an advertisement revenue model. When it is done then that would be the right time to utilize the signature space for promoting TalkImg.
1562  Local / India / Re: [Discussion] Hardware wallet in India on: June 12, 2023, 04:58:59 AM
Go through this article which compares both versions of Ledger wallet. I am only aware of etherbit if you choose to purchase a Ledger wallet in India. I won't recommend Amazon or Flipkart for making a purchase. If you have any doubt then buy directly from the Ledger website, the price would be on the higher side as it is an international purchase.
1563  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2023, 02:39:01 PM
Why suddenly we find a new user start posting on this thread?

I did a few checks and I found those sudden members either belong to the Pakistan local board or the Bangladesh. IMO this thread is getting hacked by these guys.

Because of multiple scams from users associated with the new local boards, I think those who are active on this board should check before giving any merits. I am aware it is not an easy task.

My only intention was to prevent scammers from getting merits as this thread is one of the easiest way to gain merits.
1564  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2023, 10:19:25 AM
So these days US bans bitcoin while China and Russia unban bitcoin. Its a BRICS world in the making. Crazy how there is an Inverse Cramer ETF yet the bitcoin ETF was always tantalizingly too risky (or whatever flaky garbage was peddled to the public).

This move by the SEC is meant to precipitate legislation from an absolutely inept congress, not that I care to delve into US politics... And soon the Fed will be up for their next chicken-Wednesday. Rates will pause and maybe inflation will be "behind us". Most cannot digest the fact that a decrease in the rate of inflation is still inflation, and that is why I love the corn.


The US is currently trying to safeguard its financial system, but it has not banned Bitcoin. However, no government has the power to ban Bitcoin completely. They can only try and slow its growth, which has already been huge over the past decade.

China has legally banned Bitcoin within its mainland. Bitcoin cannot be mined or traded there. It is using Hong Kong as a proxy to attract American Bitcoin entrepreneurs, something it has been doing for over a decade.

Russia, facing economic sanctions and the possibility of being blacklisted by the FATF, has no other option but to allow its Banks to deal in Bitcoin. Without Bitcoin, Russia's economy would struggle. We can expect them to declare Bitcoin as a legal tender in the coming years.

The BRICS is an organization that is largely based upon two countries: China and India. While China wants to adopt a Dedollarisation policy similar to Russia, India does not want to. China wants to replace the dollar with the Yuan, but India is currently in a border dispute with China and accepting the Chinese currency as a replacement doesn't favour India's growth.

India has not banned Bitcoin because they have already placed a tax bracket on it before creating regulations. At the moment, their banking network is not struggling, unlike the US, Russia, or China. If and when it does, we may see India act in a similar manner to those countries.

Overall, it's important to understand that governments cannot completely ban Bitcoin, but they can try to slow its growth.
1565  Local / India / Re: [RAFFLE #11] - Pick a lucky number and win 0.001 bitcoin on: June 10, 2023, 06:17:40 AM
I choose 0 this time. I haven't won a single raffle till today. Let's see if I am lucky this time.
1566  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: June 10, 2023, 05:57:47 AM
First of all @Sithara007 the situation in Kashmir is far better now than what it used to be with article 370. Last year I went for a holiday there and things are developing positively in that region. I don't think any Indian player from that region  or any other state would post bad things about Kashmir.

@JSRAW bro chill! India and Indians have changed a lot after 2014. We are aware of what is happening and our government is taking care of those issues that were left idle before 2014. Chill down and try to focus on the topic for which this thread has been created. There are many good things happening around T20. We need to discuss about them and not about a one of rogue issue.  
1567  Local / India / Re: A New way of Scamming has Arrived! Beware! on: June 10, 2023, 05:34:51 AM
So now I get it why I have been getting such SMS where they say no qualification needed, just a internet connect and mobile or PC.
I get these SMS every month and I keep ignoring them but I wonder how many people actually must be falling into this.
The ones falling for this are the ones who are already in need of money. I guess this is how "The poor stays poor while the rich become richer".

It is 2023 and India still doesn't have a data protection law. Untill we have one our phone numbers will get sold or shared to scammers. I have been also recieving WhatsApp messages from unknown foreign numbers. I am pretty confident these messages are from a scamming group. Since, people like you and me are aware of it we are blocking those messages. Imagine those who are not! They are getting scammed.
1568  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 10, 2023, 03:58:27 AM
Day 3 looked good for India as Australia lost 4 main wickets in quick succession. Marnus Labuschagne looks angry as he was not able to get his full nap. Shiraj and the new ball always work as on day 3 he took the first wicket. Rahane after being dropped for 1.5 years came back with a confident 89. I have no words about Lord Thakur. I would say a good comeback for India on day 3. They would need a far better performance on day 4. They would need to restrict Australia to from scoring another 100 runs as it will be very hard again to chase a target of 400+ runs.
1569  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 09, 2023, 12:40:57 PM
finally an excellent session for India. First 100-run partnership for India and a very good one.

Wondering what would be our scorecard if this duo manages to bat all day. That would be something and it requires a lot of luck and courage. Ahh, why Rahane and Lord are giving hope to Indian fans? Undecided  lol

Not looking good! I was expecting a century from Rahane. He did his job, while the top order failed. How long Thakur and Yadav will be able to stay is a big question now. India need to stay till the end of day 3 and need a score of more than 300 if they want to draw this match.
1570  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: June 09, 2023, 04:36:28 AM
@pakhitheboss I keep saying this and will continue to say that this rivalry is a made up one and often done to boost viewership and hence I doubt that he’ll be suspended by GT. Furthermore player’s PR team needs better education as each post or story of theirs is scrutinised by the public hence they should be careful about what they post and for me personally IPL PR team creates these dramatic events to keep up the buzz around IPL.

In almost every franchise sports rivalry are created to boost revenue. That same policy is also part of IPL, there have been too many controversies in IPL in the past. They all were created by franchise PR or by players PR. Recently we saw the Prithvi Shaw case, that was another PR created controversy.

That didn't help him or the model but they both were able to get some media attention and Instragram followings. This is why I admire MSD so much, he doesn't have a single social media accounts. Stays away from controversies and just focuses on his game.
1571  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 09, 2023, 04:28:19 AM
What a disaster! Again the top order and the middle order batting collapsed. Australia domination continues on the second day as well. I have as of now zero hopes from Indian batters. Travis Head by the way has recorded his name in the history books. He became the first batter to score a century in World Test Championship followed by Smith. The third day would be crucial as we will be able to know where this match is headed. At the moment the road looks very bumpy and steep for India.
1572  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: June 08, 2023, 09:36:59 AM

Some time later, he again claimed that his Instagram account got hacked and someone else posted the story. His version of events doesn't add up unfortunately. In all probability, he will be suspended by GT for next season.

No one gets suspended for posting anything on social media. Indian players do not handle their own social media. There is always a PR team that works on it. For him GT would provide that PR team. If you want to blame someone then blame GT. The rivalry that was created between Kohli and Navin was all part of PR. It's unfortunate that a political issue was posted from a IPL players Instagram handle. The first principal of a player is to be always remain away from politics. The reason behind cricket fans only have one religion and that is cricket.
1573  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: June 08, 2023, 04:16:00 AM
LOL! 116 all out  Grin, what were Afganistan batters thinking? They forgot it is an ODI game and not T20. Hasiranga and Chameera did not give Afghan batters to go after their bowling. As expected it is not that easy to defeat Srilank on their home ground. If the Asia cup happens in Srilanka then most probably they would win it this time. The pitch is made according to the needs of Srilankan team. With this win they won the series. I personally never thought that Afganistan would play so badly in the last match. I expected them to be more competitive. I did expect a thrilling final match. None of that sort happened today.

I already knew that they would lose the series. I never knew that they would lose in such a humiliating manner. I was expecting them to atleast put up a target of 200 runs. Why I say they were all out for 116 runs at that point it made me clear how good the Srilankan bowlers played yesterday.

I was expecting Nabi and Rashid to bat either agressively or defensively, both failed to deliver. On thier home ground Srilanka does play good and in Asia cup they would be a team for the final contention.
1574  Local / India / Re: A New way of Scamming has Arrived! Beware! on: June 08, 2023, 02:01:43 AM
This is super interesting! Everytime we feel we know how scammers are scamming people they come up with a new idea. If these guys use their brain for the good of the society then things would have changed rapidly in our country.

They are targeting those who are either greedy or are basically struggling with finance. I did came across a post on Reddit wherein a couple struggling with finance lost 30k. They contacted the cyber cell. After preliminary investigation it was found that the money was used to purchase USDT on an International exchange through P2P.

Once fiat is converted to crypto it is hard to track & trace it. Ultimately the person who sold USDT got his account frozen. In one single blow this scammer targeted to innocent individual.

Thanks for sharing.

1575  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 08, 2023, 01:51:41 AM
India bowlers started well but were not able to continue with the momentum. At the moment Australia has the upper hand. If Indian bowlers are not able to break this partnership then a score of 450+ is on the horizon. Head would try to get his double century at least and Smith would easily get his century. None of the Indian bowlers are looking good against these two batters. Shardul Thakur has been expensive out of all the other bowlers. On the second day the pitch might favour Jadeja. If India is unable to break this partnership then it would be very hard for them to chase the huge target these two batters will put on the scoreboard.
1576  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: June 07, 2023, 05:25:21 AM
AFG today's match... 48/3(8.3)
Today's match is very important for Afghanistan and Sri Lanka as the team that wins today's match will win the series. However, early on Sri Lankan bowlers put a lot of pressure on the Afghan batting line which is enough for Sri Lanka to win today's match.

Don't worry!  Wink Afghanistan most probably would lose the final match. They have already lost 4 wickets before even reaching 100 runs in the power play. Rashid Khan is yet to bat and at the moment Nabi is playing. Most probably they will give a target of 250 runs to a max. This was suppose to happen when you are playing against Srilanka on thier home ground. BTW, Afghanistan VS India bilateral series has been postponed UFN. The Indian team after the WTC would get a whole month to rest.
1577  Local / India / Re: Darknet based drug cartel busted in India - that's why government don't trust cr on: June 07, 2023, 03:51:43 AM
Quote
This network used the dark net in their dealing. This network operated virtually and the payments were made via cryptocurrency and crypto wallets.

This not new and it is one the big menace globally. Dark net operates on cryptocurrency. Bitcoin & Monero are the most common mode of payment on the dark web. Such news won't hamper the existing reputation of cryptocurrency in India. Almost every tech savvy Indian is aware of this problem.

The problem arises when news starts floating about cryptocurrency used for money laundering. All these steps by the government of India are focused on this particular issue. It is not easy to track money laundering using cryptocurrency.
1578  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: June 07, 2023, 02:34:48 AM
It has been 10 years that India has won an ICC title. Today they play the finals against Australia at Oval. Considering 10 years gap a lot of pressure might be on the team captain and the veterans in the team.

The playing 11 is yet to be announced, seems like they cannot decide how many pace bowlers and spinners they should have for the finals. The opening pair is also a concern as Rohit has been out of form. Gill is the inform batter. The pressure would be on Gill than on Rohit.

The middle order seems to be good but they have made a habit of getting out cheaply. Lower middle order and tail enders have always come to the rescue but with Panth & Iyer not in the team, it looks difficult this time.

Shami & Shiraz look promising but a third pace bowler looks crucial after looking at the pitch. Umesh Yadav is the third pace bowler but India will surely miss Bhumrah in the finals. Bharath is an okay wicket keeper but not a good batters. Don't know if Kishan would replace him.

Overall a lot of new player will be part of this final. Therefore the pressure to play well would be on the shoulders of veterans.
 
1579  Local / India / Re: Not all crypto earning will be taxed on the 30% on: June 06, 2023, 01:55:55 PM

For the financial year 2022-23 and assessment year 2023-24, you will need to declare your cryptocurrency taxes using any of these two forms.

1. ITR-2
2. ITR-3

As per my understanding ITR-2 form should be used to report capital gains. Basically Earning from trading, holding and then selling.

The ITR-3 form is for reporting taxes from business income. As per my understanding this is the form that you need to show your earning from Signature campaign or Bounty campaign. Do remember if you had waited for the price of your earning to increase and then you sold it. It will fall under captial gain.

First use these platforms like Koinly or Taxnode to determine whether your earning falls under capital gain. Then contact a financial advisor for further clarification on how to declare your income.

The best time to declare your income is after 25th of June and before 25th of July. The last date of submission is 31st of July this year.

Very detailed and clear explanation! I did verify the information on clear tax and it is correct what @pakhitheboss wrote. Another important information I would like to add to this reply. If anyone is planning to directly visit a CA then it might be a bad idea at first as they might not be able to differentiate with raw data whether you fall under Captain gain or business income. Please use those platforms that can directly access your exchange wallet and give you the correct figure. There might be many who might have not paide 1% TDS on international exchange. Those platforms are able to calculate that amount too.

You are correct, if you visit a CA with raw data, he/she will ask you to pay flat 30% tax. Whereas according to cleartax not all earnings fall under the bracket.



@avikz you can check with a CA or tax consultant under which category signature campaign earnings will fall.

1580  Local / India / Re: Not all crypto earning will be taxed on the 30% on: June 06, 2023, 10:13:41 AM
I do indeed have a question here as I am hearing a little difference in opinions. Can signature campaign income be considered as a trading activity or can we consider it as a mode of getting paid and can be added as normal income?

Also if we convert the cryptos in INR which I have received from signature campaign, will it be considered as a trading activity? A lot of unknowns are here. I spoke to couple of CAs and they are all generalising all crypto incomes under 30% bracket.
For the financial year 2022-23 and assessment year 2023-24, you will need to declare your cryptocurrency taxes using any of these two forms.

1. ITR-2
2. ITR-3

As per my understanding ITR-2 form should be used to report capital gains. Basically Earning from trading, holding and then selling.

The ITR-3 form is for reporting taxes from business income. As per my understanding this is the form that you need to show your earning from Signature campaign or Bounty campaign. Do remember if you had waited for the price of your earning to increase and then you sold it. It will fall under captial gain.

First use these platforms like Koinly or Taxnode to determine whether your earning falls under capital gain. Then contact a financial advisor for further clarification on how to declare your income.

The best time to declare your income is after 25th of June and before 25th of July. The last date of submission is 31st of July this year.
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