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US dollar, Euro, UK pound, Chinese Yuan, Yen, Indian Rupee and others are digital currency when you pay at shops, bills, online shopping by credit cards or debit cards.
Who says Bitcoin is the only digital currency ??
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Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value. Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls. As a commodity, what does Bitcoin price show or protects people from ??  |
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You can buy a car for $12,000
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if compared between 7 kind of investments which is OP mentioned i think bitcoin would be the last position
You can buy a car for $12,000. Bitcoin should be $800 |
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Top banks suspend accounts of major Bitcoin exchanges in India MUMBAI: Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said. The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational. The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter. https://economictimes.indiatimes.com
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Who will buy 1 Bitcoin for $10,000 ??  You get a car for $12,000 |
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but in today's generation digital currency like bitcoin which is decentralized and digital then it is a must to try for investment and trading purposes.
When you buy clothes etc.. and pay by debit cards or credit cards, that is "digital cash/fiat currency" As a online worker, I get online payments in my bank account and then I buy clothes, pay bills by debit cards. I do not get cash in hand. |
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Its nothing else but a rumor that is spread for the purpose of dropping Bitcoin's price and take advantage of it.
There is no news about the government of India announcing anything like that. Just because the banks have banned or freezed some accounts, it doesn't mean trading gets banned. Bitcoin gets banned when governments call for it, not if the banks take any step for their own good. And trading is banned when the exchanges are banned, not if some accounts are banned.
Indian Prime minister "Narendra Modi" went to the extent of banning/removing all the old currency notes in India in November 2016, just to kill black money and tax evasion. |
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If a bank freezes a store account it means vegetables are banned in that country?
What does suspended/frozen bank accounts of top 10 Bitcoin exchanges mean ?? HYIPs shut down after their bank accounts are frozen |
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The stock market bubble is more likely to burst this year than the bitcoin bubble. The bull market in stocks is now nearly 10 years old and history says there will be a sharp correction.Land is also overvalued, and savings deposits barely pay any interest.
I agree 100%. |
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Top banks suspend accounts of major Bitcoin exchanges in India MUMBAI: Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said. The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational. The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter. https://economictimes.indiatimes.com |
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You need to giggle at these individuals, taking a stab at all that they can to put individuals off association with Bitcoin or other advanced monetary forms. Fragmentary save loaning is conceivably the greatest money related trick ever and enables banks to loan out 10 times what they take in from stores. They simply type numbers into a PC to change your adjust with an advance now that truly is cash out of nowhere.
Top banks suspend accounts of major Bitcoin exchanges in IndiaMUMBAI: Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said. The banks have also sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdrawals from the few accounts that are still operational. The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said. Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia, said four people aware of the matter. https://economictimes.indiatimes.com |
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I say Bitcoin and crypto currencies are well disguised HYIPs (High yield investment programs, 10% after 10 days etc..)
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In India, there is WAR going on against black money and tax evasion.
Prime minister "Narendra Modi" went to the extent of banning/removing all the old currency notes in India in November 2016, just to kill black money and tax evasion.
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Bitcoin and other cryptocurrencies are not safe investments because they are still high risk. I invest but I only invest money that I can afford to lose. We don’t know if governments will try to ban Bitcoin or over regulate them. There is also the risk of losing private keys. For these reasons, we should be careful with how much money we put into it.
I say Bitcoin and crypto currencies are well disguised HYIPs (High yield investment programs, 10% after 10 days etc..) |
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Bitcoins have given highest returns in comparison to all the other forms that you mentioned.
All the billionaires/super-rich people have earned money from land, real estates, gold, silver, stocks, businesses  |
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You can investment your money in land, house, gold, silver, stock markets, fixed deposits & savings in banks, start some business or invest in some business (like restaurant, hotels etc..) Russia's gold reserves have reached 2100 tonnes with Russian central bank buying 27 tonnes gold in July 2018. Actually Bitcoin and crypto currencies are not required/unwanted |
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I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution.  You can investment your money in land, house, gold, silver, stock markets, fixed deposits & savings in banks, start some business Actually Bitcoin and crypto currencies are not required/unwanted |
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Bitcoin crashed because professionals cashed out, making a buck from last-minute amateur investors  The largest cryptocurrency bitcoin surged to $20,000 in December. Its rapid growth was due to common folk deciding to invest in the hope of making a quick buck. It was a time for professional investors to sell. “Many people behind bitcoin and cryptocurrencies as a whole understand that the skyrocketing prices in the last few months are linked to a cash inflow from mass-market consumers. Even pensioners wanted to invest,” Georgy Verbitsky, managing director at eToro, Russia and the CIS, told RT. Bitcoin hit $20,000 last month, breaking new records every day. But this week, a sell-off swept the cryptocurrency market, and bitcoin slid below $10,000 on Wednesday. “Experienced investors knew that the bitcoin honeymoon couldn’t last forever. Those who catch the last train are usually punished by the market. Big-time miners and investors understood that they needed to diversify, that they had to get some fiat money. https://www.rt.com/business |
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There is no basis for making this prediction. I think that it will be at least $30000 seeing the past trends.
who will buy at 1 Bitcoin = $5,000 ? Buyers at $15,000 are at loss of $5,000 now |
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