Bitcoin, in my opinons has had it up and downs, but who supplies us bitcoin? Faucets can only supply so much before it gets closed down. So that's not a big supplier. Working for bitcoin has declined. I used to make videos and earn bitcoins. But that site has closed down like every other sites or faucets. So who supplies us bitcoins nowadays? Tell us please!
The answer lies in the same who supplies you "Fiat Money". You can earn money doing job, sell things and more. Similarly the limited supply of btc is presently being distributed among people out of whom some sell BTC, some give you for jobs, etc. |
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Hello, I would like to translate to Hindi. I have prepared Hindi modules for many sites before. Also did for Orocoin on forum (link below). Bitcointalk username: webtricks Link to previous work: https://bitcointalk.org/index.php?topic=1753062.0Bitcoin address: 13mendmy84QcSjoXRqv1Y69EDkNWv1PUJP |
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Username= webtricks
Rank= Full Member
Posts= 777
address= 13mendmy84QcSjoXRqv1Y69EDkNWv1PUJP
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Wow, I really love the idea of coin. I think this will be the first coin whose value will be determined not only by trading but by company on its own via trading 7 cryptocurrencies. Truely revolutionary.
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As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?
Depends upon how the cryptocurrencies are promoted. Bitcoin can be referred as "illegal drug money " by some, at the same time "anonymous donation money" by some. So we need to see when cryptocurrencies will reach 30-40% of world population, will it be in positive or negative manner. Believe me if it goes in positively manner, per capita living standard will rise many times. |
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One need to understand that there is no relevance between your income and purchase of Bitcoin. Buying Bitcoin locally is equivalent to spending money on buying food, clothes, etc. thus it is your expenditure. What actually matters is your real income that is 3L per year and you have to pay taxes on it. It hardly matters to Income Tax Department that you spending your money on Bitcoin or amusement park.
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Does BTC come under GST or it is exempted? anyone any thoughts ?
BTC is presently unregulated in India and unregulated item can't be taxed. Moreover, it depends on government decision whether it going to acclaim Bitcoin as money or assets. If it comes under monetary equivalents then it will be subject to income tax whereas if it goes as asset (investment) then pretty sure it will be GST taxed. |
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What are the possible consequences when mining pools are controlled by a single country? I wonder how can they affect the future of bitcoin. Say for example can they become a veto or block to future actions (and inactions). Let's start a fact based discussion guys  The fact that matters more is whether the mining pools are regulated by government or some authority because until all of them move in same direction with same thinking, they can't influence the Bitcoin ecosystem no matter if they live within single geographical boundary. |
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Please check my all post..... I don't get any payment why ??
Read the OP carefully dude. Payments will be made weekly on Wednesday. You are on list so don't worry, you will be paid on Wednesday. Keep posting and make new post everyday. |
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No I did not place all my funds to bitcoin because it's not a good idea to put everything in one basket. And I want to earn more so I put some of my funds in altcoins and I just wait for them to pump. If out of 5 altcoins I invested 3 will br x10 after 3 months then I will have a good profit.
Yes, it will be wrong to go ahead solely with Bitcoin when we have hundreds of cryptocurrencies. I personally invested in 36 cryptocurrencies at present of which 5-6 have more funds than what I am holding in BTC. Along with this, I also invested in Mutual Funds and Stock Market. Everyone should have similar strategy to make maximum profits. |
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There is a difference when we talk about Bitcoin and when we talk about Exchanges.
No doubt Bitcoin means freedom to use your money but Exchanges are rather attached to regulations by government because after all they are dealing in national currency of your country. Don't think Exchanges have some prejudice regarding Middle East, conditions are same for everyone. I am Indian and when I buy cryptocurrencies, Tax Authority does peek in my transactions via PAN Card.
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Has anyone ever made a decent amount of Satoshi, e.g. 0.1 BTC, just by going to places that give out Satoshi and using those awful ad-apps that promise free coins?
What have been your experiences if you have, was it worth it for some Satoshi?
They all sound really scammy to me, and offer so few Satoshi that I wonder if anyone can ever withdraw it to a wallet, but I don't know.
Aside, if anyone's ever used BitMiner.io, what do you think of that?
Favourite faucets anyone if you use them? I mean those that give them out rather than putting some in and waiting to turn it into more later.
First of all regarding Bitminer.io, it is completely scammy site. You can have a look in service discussion section and you will find huge thread about it with 100s of scam accusation. Now coming to faucets and other apps. Yes, many of them are legit and paying people from long time but making 0.1 BTC with these sites is nothing less than dream. You will earn very minimal amount as compared to your efforts. However, you can make big with referrals but it is again much difficult to get your own refs. |
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And remain the No. 1 cryptocurrency at that
If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating losses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing
That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss
Yes, fair enough. I am point to point agreed with you. However, Bitcoin is number 1 currency not only because it able to attract most investment but mainly because of its scope as first replica of money on internet. Due to which it reaches to several different niches like paid-to-click sites, affiliate marketing, etc as payment method and more people come to know abouy Bitcoin. Thus, it has grown to glory which we are seeing now. Other than that if we consider price and caps (obviously not market cap) as a determining factor of coin success, yes we could see investors abandoning Bitcoin and surging some other coin if Bitcoin continues to create scaling problem as mentioned by you. |
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