It is a bad idea. I wouldn't do that. Saving money in stable coins would give you no return. But if you keep your money in banks, the banks will give you at least some interest back. If you really want to save money in cryptocurrency, I would suggest you to save it using Bitcoin or ETH. These currencies have the potential to go up and give your decent return. If you do not get any return on your settings, it doesn't make sense.

Also USDT is a centralised cryptocurrency. So I wouldn't recommend saving money on that.

Everyone wants a share in the pie. Why the regulatory agencies and enforcement agencies in US is bringing in so many rules to make it very complex for the common people?? They want to make it more centralised and they want banks to control the cryptocurrency. Custodian service is nothing bad if someone is holding a huge amount of Bitcoins. People may want security in their holding to protect it from the thieves. But when banks want to become a custodian or do business using Bitcoin, that clearly shows the potential of this crypto market. But unfortunately the regulators want to destroy the decentralized nature of Bitcoin. Let's see how it pans out.

Or, FED will print trillions of dollars without letting anyone know and might come back with a bail out package for the banks. In any way the value of US dollar is going to be decreased. It is great to see that a lot of countries are slowly decreasing their dependencies on US dollar for international trades.

Not sure about the cryptocurrency, but in such situations, precious metals like gold shine at its best. Don't go all in with crypto. Buy precious metals to keep the value of your wealth intact.

When you do not have 50 Bitcoins. But anyway I will share my thoughts.

My option is that - Craig Wright will loose because he is a lier.

That's the ideal outcome I would want to see. However I doubt that the court will go to that route. They very welcome rule out COPA here.

This particular conspiracy is much larger than we can think.

It is far more complicated than you think! When you fail to pay your mortgage or car lease, it is not as simple as handing back your keys to the bank. It is a legal process which given banks want to avoid due to all the extra costs comes with it. Bank will sit with you first to understand your financial situation and if they are any hope of recovering that money, they will first offer you are payment plan. They will try to adjust panel interest on your loan. Taking back the property is not ideal for the bank. Because then they will have to sell it off to recover there money which again incur additional cost.

I had worked in a bank long back. Even though not in the similar department but I have seen how the collections work. You cannot just walk into your bank and hand over the keys.

I don't consider US as the best country. Every country has their fair share of issues and US is not an exception. US is really a land of opportunity with a high per capita income. That's why immigrants try to move in there and make money so that they can live a comfortable life back home. But the subject matter here is El-Salvador.

This is a country where the crime rate has dropped down to an optimum low level after the current president started cleaning up the mess. That's commendable and this effort should be applauded! 

Nayib Bukele is giving another opportunity to his people towards a better life. Not sure why the Human rights organizations are crying foul around it! Not to mention that most of these Human Rights organizations are funded by the Western people. 

When a government doesn't do their job of keeping the streets crime free, you call them failed government. But when they actually do what they are supposed to do, you are calling them dictator!

The people of El-Salvador knows it better and that's why they have re-elected Nayib Bukele for another term with over 85% of votes. let's respect their choice of life. El-Salvador is a democracy and not anywhere similar to North Korea where there's no opposition party. I have got the news of this re-election just a week back, and it seems, everyone is praising Nayib Bukele for his strong stance against the criminals in the country.

I would definitely not call him a dictator, rather I will call him a leader of the people. I sometimes don't understand the role of these human rights organizations. Where were they when peoples' live were lost due to gang wars? Now someone is cleaning the mess and these organizations are coming around crying for human lives! What an irony!

Gambling is forbidden in almost all religions. But I am not sure why!

In my religion, gambling is seen as a sin. We have an epic called "Mahabharat" where the King's heirs had to loose the throne due to the gambling of the king. So it is generally seen in a negative light. I believe every religion has something similar to this incident.

Personally for me, addiction is bad. But mild gambling shouldn't be a problem.

It is quite unfortunate that Indian government had decided to ban couple of international crypto exchanges. I do agree with you that many traders will not still use the Indian exchanges but rather look for alternatives.

I understand your good intention. But please also understand why I have written this. Your list should not encourage people to take different routes to evade the government ban. Things are very different at South block and you can anytime expect a full blown attack on Indian crypto community. Indian government is slowly tightening the rope.

It looks like a FUD account to me. If real Satoshi Nakamoto really wants to prove his genuineness, he should come to this forum and re-activate his account. Even I can create a twitter account in the name of Satoshi Nakamoto as it wouldn't cost me anything. That surely doesn't mean that it is real.

Also, Satoshi Nakamoto wouldn't do speculation about his own creation. This absolutely doesn't look real to me. There are ways to provide his legitimacy in front of the world. I would believe if he takes one of those legitimate paths to prove his legitimacy. Till then, everything is fraud.

Just one country has approved Bitcoin ETF. Now imagine, if all other major and progressive economies of the world starts introducing Bitcoin ETF. Can you think what would happen? These big corporate will stay buying Bitcoins like crazy. They will definitely have the power to control a majority stake of this asset class.

Another thing you have rightly pointed out, the FOMO and false information. They can spend on advertisements to spread false information about the Bitcoin at their whim. Bitcoin should really stayed as a common man's currency system. They shouldn't have gone to the corporates at the first place. Tough time awaits for us!

I will honestly suggest my fellow Indian forum members not to indulge in illegal activities. It won't be long before the law enforcement agencies find that out and start the legal proceedings against you. So I would suggest to stick to the Indian exchanges and pay taxes honestly. This is my way of doing things though. It may not appeal to a lot of other people.

But don't make the mistake to think that Indian law enforcement agencies are not smart enough.

I do agree with you OP. I was never in favor of ETF at the first place. The amount of money these corporates control, it's very easy for them to position themselves as a dominant player of the market and can control the market as per their wish. Most importantly, the decentralized nature of Bitcoin will be gone with all these centralized invasions.

We are just seeing the beginning of this shift and we really don't know what the future holds. ETF has been approved by the US only. Think what will happen if every major economies start introducing Bitcoin ETF.

It is great to see that criminals are being caught by the law enforcement agencies. The problem here is with the education. Similar to finance, cyber awareness should be a part of High school or college curriculum. Otherwise it's very difficult to uproot such issues. Criminals will be there but with right education and awareness, common people can stay safe.

Also do not forget about the older generation. It is very important for them to know about sach cyber related issues and how to stay safe. Issuing a circular by a government department is not going to solve this issue. It's great that these criminals are caught.

BRC20 tokens need a blanket ban. This madness needs to stop. Bitcoin developers are actively discussing to remove these BRC20 tokens from the network completely. There are multiple blockchains available for NFT. We need the bitcoin network clean to increase the confirmation speed and to reduce the transaction fees. Till the time BRC20 tokens are here, this is not possible.

Honestly Bitcoin network doesn't need the madness of NFTs. These so not need any more attention honestly. These NFT markers can use ETH or MATIC.

It is quite unfortunate that such a huge amount of investment did not come to the Bitcoin market directly, rather it had been directed through the centralised entities. If this pace continuous, these corporates can easily out perform the retail investment segment. Probably that will mark and end to the decentralised nature of Bitcoin.

I was never much comfortable about this week corporates buying into Bitcoin. With their money power they can become the dominant players in the market and can manipulate the market as per their wish.

It doesn't! But it gives an opportunity to do so. Historically if I look at Bitcoin, it has out performed any other asset classes in the world. That's where the opportunity is. If someone can systematically invest in Bitcoin over a longer period of time, the potential amount of return can provide an opportunity to the investor to increase the standard of living.

However, don't take my reply as an investment advice and do your own research to understand the downside before investing.

Life is not about earning money always. If you earn money and don't spend it, what's the use of that money?

Travelling is one of those activities which gives you happiness. So don't care too much about Bitcoin's bullish moves. With halving round the corner, this bullish move will continue for some time. Just carry a laptop with you and trade during your free time. That might give you some earnings.

I am not sure about your age. But I am currently at an age where "all work and no fun" doesn't make sense at all.

It's true that we can only speculate here! However, this speculation is based on certain facts.

1. RBI is strongly opposing cryptocurrency circulation in India. In multiple interviews, the governor had expressed his thought.
2. In the past, a committee led by Subhas Chandra Garg, recommended punitive actions against crypto users.
3. The current tax rate is 30% which is nothing short of publishment.

Looking at these above facts, the chance are very slim for cryptos to become legal in India. But yes, it's a speculation as you have mentioned.

I don't think Cardano will ever be able to replace ETH. ETH is the second largest cryptocurrency after Bitcoin. It has a very very loyal customer base. Also if I look at the return, it has outpaced all other cryptocurrencies except Bitcoin. It also has a very active development team with Vitalik leading from the front.

Also the major reason what I feel is that, ETH is the pioneer of smart contracting feature. Many other cryptocurrencies were launched after seeing the success of this smart contracting feature which ETH had introduced. It's nearly impossible to replace a Pioneer.