Indians are good at what they do. Indian techies are considered best at what they do, and indian government is best at what they do that is to keep us backward with their sanctions and un justifiable laws..
These laws are choking web 3.0 users in india
Unfortunately that is very true. Although the talent of Indian techies is appreciated throughout the globe the government of India still brings in such laws which doesn't favour them at all. For instance, government of India gets most of the revenue from tax paid by salaried employees and only a significant amount is paid by the business man. This doesn't favor the IT people in India. Now that crypto is going main stream the government has decided to tax it by 30%. Instead of embracing the technology and encouraging people to learn more about it they are restricting us by implying harsh regulations. It's like the government is taking a step backward while they can take a step forward. |
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I understand the 30% capital gains tax but what would be the tax structure for people working in freelancing roles/consultants and getting paid in crypto? Do we have any guidelines/clarity on this?
No there are no guidelines as to that, the verdict as of now is pretty clear no matter how you get your Cryptocurrencies the moment you sell them or exchange them you'll be charged 30% flat tax on the profit you have made but while calculation of profit the only deduction that'll be given will be cost of acquisition, which means if you get it from freelancing you won't be getting any deduction while calculating the profit the whole proceeds that you get on sale is your profit only. Well then that is bad isn't it. If a person is earning only 3 lakhs per annum through freelancing in crypto then he should be paying 30% of it as tax. That costs around 90,000 INR which is a huge amount if his net income is only 3 LPA. I think the government of India should reconsider the guidelines and allow some rebate upto 5 LPA just like how it's done in ITR. |
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When it comes to bitcoin I believe that every price is a good price to buy. If only I had enough fiat then I would be buying bitcoin every week.
Although I am accumulating but who doesn't want a lot of coins. So whether you buy at a higher price or lower, if the price went further down then just collect fiat and keep buying more.
BTC always recovers and goes to ATH. It's just a matter of time and then after that you are already in profits. So it depends on you when to sell.
One thing for sure is that Bitcoin never disappoints. I cannot say the same about shitcoins such as LUNA or SHIBA INU. With a proven record of development and innovation, Bitcoin's demand should only become higher over time. That, coupled with a limited supply should make the cryptocurrency a lot more valuable in the future. I'd recommend anyone to keep investing in Bitcoin especially during a bear market in order to reap huge rewards in the future. Losers are going to sell, but those who're smart will accumulate more coins no matter what. As long as there's a strong community backing Bitcoin every step of the way, the cryptocurrency will last for a very long time. Just my opinion  Obviously bitcoin is people's choice of cryptocurrency to invest in. Bitcoin has proven time over time that it is the best cryptocurrency to hold in the long term. Although there are many altcoins to invest currently but bitcoin is most of the people's first choice. It is still holding a dominance of 42% versus all the altcoins combined so this shows that even during a down trend like this it still holds it's value at best. Accumulating bitcoin in a down trend is the best thing to do and I think people should buy as much BTC as they can before the price goes back above $45k. |
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This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.
Have we ever experienced this kind of downtrend before?? What's the latest on how long this might last, or if it's even going to recover.
You will never get to know how long this might last because nobody can accurately predict it. It's all just a speculation. We have experienced even worse crashes than the current one and it was not very far from now. Just after the ICO hype in 2017 we experienced a bearish trend in 2018 where bitcoin went down from around $19k to $3k. That is almost 83% drop in price. So we are still at a better place and don't worry because things will get better sooner or later. |
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Is it true that its wrong to hold coins for many years and never look back? Someone said coins can die in just two years, they can also lose demand and hype under a year, so how do one hold with zero worries?.
You can hold in peace and never look back but then again it depends on what coin you are holding. The only coin I would say which you need not look back ever again is bitcoin. All the other coins definitely requires a look back and you have to stay updated at frequent intervals to know if you are good to continue holding the coins. Yes, there are coins which have died in 2 years but then again as I said it depends on the coin. |
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You know how to deposit and withdraw money from a bank account but it doesn't mean you should know how the money is deposited into your bank account in the backend.
Although you can do a lot of research and find out how exactly it is done but it doesn't mean every person in the world using a bank account should know it as well.
I get your point and while it is good that more number of people should know how bitcoin works technically but it isn't possible for every person to comprehend the same way as others.
Sometimes things are the way it is and we can't get hold of all of it. Besides that, there are thousands of people who find it difficult to even use a bitcoin wallet because of the technical knowledge required to use a bitcoin wallet.
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I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.
I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network. When it comes to altcoins, many of the altcoins have a cheaper fees already. I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC. I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha. Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me. For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with. I was shocked about cons outweighs it pro's where you had emphasized about investment decisions or matter where you do really got the point but if we do talk about technical aspects then i dont see for Bitcoin for it to be non relevant since its the main coin.If LN would be available or something that would really be integrated on gambling casinos which we have seen some of them able to do so then its not really that a bad idea but there are some talks about being still on development thats why it cant really be seen in most gambling sites for it o be available. Yes ofcourse. I don't want to use bitcoin for gambling not because of the technical aspects but because of the potential and value of bitcoin. The technical aspects are super fine for it to be used for gambling but according to my perspective it is too valuable for me to lose it in gambling. This is why I tend to accumulate some altcoins for gambling perspective and save my bitcoins as an asset value. |
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Hi, I'm new to bitcointalk. I'm only 15 years old and I'm Brazilian, I want to know which is the best long-term investment. for the next bitcoin halving  Hi buddy. When you are talking about bitcoin halving it indicates that the only coin you should invest in would be bitcoin itself. Don't go for altcoin investments if you want to take the benefit out of bitcoin halving. Besides that if you are asking in general about the best altcoin investments then I think Ethereum and Binance coin would be better coins for investing. Also, I would advice you keep reading posts on this forum and even the comments because sometimes you get very valuable information from those posts. You are quite young which gives you the benefit to learn and groom yourself a lot. So keep reading and learning about various crypto stuff. We all are here to help and guide you the right way forward. |
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As Usual, The coin has the potential to recover, but at present things are extremely uncertain.
Because, Founder of Terra creator Terraform Labs, tweeted on Tuesday: “Close to announcing a recovery plan for $UST. And He Hangs tight On His Words.”
He added on Wednesday: “I understand the last 72 hours have been extremely tough on all of you – know that I am resolved to work with every one of you to weather this crisis, and we will build our way out of this.
The term "potential" should not be attested with LUNA any more because LUNA is no more a potential coin. Either the Terra ecosystem had a huge flaw and someone took the leverage out of it or it was everything a well planned strategy. But in the end it's the users who suffered huge losses which is why I think nobody will ever trust Terra foundation again. People just wants their money back and I don't think they will ever invest in it again. So the chances of LUNA recovering is very very small. |
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So lets go back to 2018 - 2019
Market cycles are full of patterns so I think it's time to sit back, compare and try to come up with a good strategy for the next 2 years.
Assuming we are in a bear market, what can we expect ? Let me first just say that this is my first bear market, so I feel a little unprepared as I lost a huge amount of money ( I'm still in the green fortunately )
It's tempting to start "accumulating", however, Bitcoin is expected to hit a bottom of 11K by some credible experts, so buy now and cry later kind of thing.
I see some Alt coins going past the negative 90 % mark, with some like Star Atlas ( one of the biggest play to earn games in crypto ) approaching the negative 99 % mark. Many other projects find themselves in a similar predicament, but I just noticed UMA, Injective Protocol and Super Rare pumping hard today and yesterday so not everything is in the red. Can we expect some sort of a trend here ? Are some coins bound to do well even during a bear market ? From what I've heard, early ( 2018 - 2019 ) investors in Theta, Chainlink and Ethereum made huge gains even before the bull run started late 2020. Chainlink especially went parabolic, but then crashed mid year. Early 2019 AAVE investors also did extremely well, 5000 % gains from what I hear. All this during the bear market. Gains that were comparable or even better to the bull run. So am I reading it wrong ? Let me know.
IF we assume that the bear market has started then all we can expect is a blood bath with minor corrections every now and then. There will be some coins which will show profits in the short term but then they are bound to dump since bitcoin will keep dumping. But then the sun will shine at some point of time when bitcoin hits the bottom and then the slow recovery will start. I believe that this bear market will not be as long as the previous ones and we will soon see potential signs of recovery. The only strategy for a bear market is HODL all your coins and start accumulating more by keeping on investing at regular intervals. It's time to insert new money while holding the existing. Don't go all in but buy at regular intervals to get a good average price. |
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I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.
I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network. When it comes to altcoins, many of the altcoins have a cheaper fees already. I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC. I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha. Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me. For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with. |
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No need to reply here. Just vote and reply voted so the thread does not fall down. Your vote is secret!
Lol, that is true. You are smart. Voted. It looks like there will be more No than Yes this time as the price of Bitcoin really pumps in the couple of years and I am sure that people have now lesser BTC than others. If I just saved all the BTC I have before, I have more than 3 BTC now.
You mean to say i would have. My eyes directly went to the ending part of the post by @BitcoinAccepted and I was like wow, this man is lucky. But then I read the full post and I was like, okay we both are in the same boat. I am not that smart. Knew about BTC back in may 2011!mined it back in 2012 and got free btc via bitcoin faucet and tried to buy it but could not as i had a govt bank visa electron. I remember the dwolla days but where i live i could not access it. HDD crashed and i forgot about it. Got in seriously this year!Saved the exe file on disc but did not save the wallet.dat file. At that time the blockchain size was 600mb. Proof bitcoin core 0.4.0 (second file) https://imgur.com/e5sCHTDIf you knew about bitcoin back in 2011 then there was no need for you to buy BTC at all. You could have accumulated a lot of coins just by mining BTC from your CPU. But then again, we never knew BTC we come such a long way. So it's not your fault completely. It's good that you have joined the bandwagon now and you still have the time to buy BTC. |
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I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.
I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network. When it comes to altcoins, many of the altcoins have a cheaper fees already. I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC. |
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It's called lucky spin for a reason. If you didn't hit the jackpot that's because you are not so lucky.
The probability of hitting the jackpot is very very slim which is the reason why nobody would have hit the 1 BTC jackpot ever.
It's the same case with all the gambling sites which has a free spin feature. The higher rewards always have unlikely probabilities.
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.../Q/...:: A little late... but congratulations, there are only 3 more to go for the great BCDs  Sometimes I forget to go through the chat. ___ Today I got my first 1000x in this casino, usually my bets vary from $1 to $0.001 sometimes I try certain games then I was at $0.004 in Plinko, so I was going to do any other day but with the novelty that hit the 1000x, Hey!! the maximum for this game and then of course the regret about the size of the bet. /   I actually noticed it because of the drastic change in the 90 degree graph. It is nice! It's not a big in prize but as long as it adds to the bankroll it's important.  Wow, that's really awesome. Congratulations buddy. I never noticed Plinko had 1000x due to the high risk bet which I never selected. Thanks to you I saw it and with the auto bet it's really amazing to see the live stats. This is really fun. |
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Wow, that's a great start from you guys. I am happy to see that there are people who are starting crypto clubs despite bitcoin being bearish these days.
May be you won't get good traction since bitcoin is going down but don't lose the hope and keep up the good work.
I am very sure that once bitcoin starts going bullish the number of people approaching you will increase a lot.
The number of members in your crypto club will see a good spike. Keep hustling.
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No need to reply here. Just vote and reply voted so the thread does not fall down. Your vote is secret!
Lol, that is true. You are smart. Voted. It looks like there will be more No than Yes this time as the price of Bitcoin really pumps in the couple of years and I am sure that people have now lesser BTC than others. If I just saved all the BTC I have before, I have more than 3 BTC now.
You mean to say i would have. My eyes directly went to the ending part of the post by @BitcoinAccepted and I was like wow, this man is lucky. But then I read the full post and I was like, okay we both are in the same boat. |
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Well, we can say it is going sideways currently but we don't know until when. We can only wait until the price bounces back.
If you see the weekly chart we can observe that the price has been falling every week until today.
So may be will have to wait few more weeks to see if it's really a sideways trend or not.
Exactly. Many traders look on short time frame and view crypto market market in general using it. Longer time frame suggest that Bitcoin is not on sideways but rather on the continuous dump since the relief to 45K area. It's a good thing that weekly candle didn't close below 28K and bounce back before the weekly candle print. I’m still hoping tomsee a doji on a weekly candle or else we will continue go down the 20k support or worst if the bull can not find a strong support. Let's see and observe what will gonna happened on the current weekly candle to determine the trend if there is a potential reversal. Yeah, even I am waiting to see how this week turns out for bitcoin. If the response is positive it might be the bottom. I am "wishing" that this should be the bottom because it has been quite some time now since we have seen a green market. |
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Has anyone recently reached this mark? Kinda trying to improve my earnings from freebitcoin. Though lost bigger satoshi's yesterday in multipler.
I have converted my RP into satoshi few many times. The last time I have done it almost one year ago. I used to play their multiply BTC game a lot, but I have stopped it as I was always losing pretty good amount for their high house edge. Currently I have 88k reward points there. I rarely claim the faucets. Occasionally I place some small bets on their betting section now. Those doesn't help me to accumulate a good number of RP. It may take few more months to reach the min exchange limit. It's kind of the same for me. Until few months ago I used to play the multiply btc game a lot and so I accumulated around 40k RP from that. These days I don't play it much but I do collect the faucets 3-4 times a day and most of the RP comes from the WoF spins. Unfortunately, I have never exchanged my RP for BTC because I never met the target but I am sure I will someday. |
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Perhaps you enabled the filter feature for ads, so you've never seen gambling ads on Facebook. Or maybe the group or people you know have nothing to do with gambling, which keeps you from seeing gambling ads. But it looks like Facebook has its own filter for gambling, and Facebook is very selective with the ads that appear on its site.
Because the reason I'm not involved in interactions about gambling makes my facebook account not related to any gambling, I may not know how the filter works but I don't use Facebook other than to communicate with friends and only take a moment to get information about the latest news about world conditions. In this case it depends on the owner of the casino if he/she use Facebook to promote his/her casino but in my won opinion Facebook is not just good place to promote . Why not ? Facebook has a large number of userbase and websites can use Facebook as a leverage to promote their sites. I think the advertising on Facebook should be displayed to targeted audience because we won't want children to see ads related to gambling. But other than that I think there shouldn't be a problem advertising gambling casino on Facebook. Without a doubt advertising in a social media website like Facebook is a great option for casinos to advertise their services and obtain new clients. However it seems to me that Twitter has a higher amount of cryptocurrency users than Facebook so it makes more sense for casinos to try to concentrate their efforts there and only once they believe they have done everything they can to gain users at Twitter they may try to concentrate on Facebook and get some new clients there as well. Yeah that's true. Twitter has a large number of crypto followers and in fact I think it has the largest crypto population on the site. It consists of investors, developers, traders, NFT hunters as well as gamblers. So yeah, advertising the site on Twitter would be more ideal than on Facebook. |
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