Are you sure about it? Gambling doesn't come with a tagline that it's an all male club. Women are welcomed is gambling as much as men are welcomed. 


Unless someone is a professional gambler (gamble for living) I don't think making money should be a goal ever. It's purely for fun and relaxation. Yes, addicted gamblers are there who tries to make a fortune through gambling, but that should be seen as exception.

So the pictures you have posted, they are possibly professional gamblers who makes a living through it. But ideally neither Man nor Women should gamble to run their families.

First of all, from where did you get the information that China used to dominate 51% of the global computing power? I doubt this statement! China used to have a good hold on the bitcoin mining power, that's true but not the majority! Now with the anti mining policy of Chinese authoritarian government, the number of Chinese miners have dropped to a historically low level. Those who could afford, they have shifted out and rest were forced to give up their mining rigs.

I would say that's great for bitcoin network. Because Chinese government is unpredictable. You will never know what kind of rules they will come up with so I am happy that Chinese people were forced to leave the mining industry. At least we are somewhat immune from the dictatorship rule of China!

Nice and resourceful article! Many people in India have already got their bank account frozen after p2p trading. Because there is no way to know from where the bitcoin buyer is arranging the money for you. So it is always best to avoid unknown traders emerged from nowhere.

I always prefer localbitcoins platform because I can see the rating of a trader from there. Also I can see that how frequently that person trades. An usually active trader will have nice ratings. The best part of localbitcoins is that, you can't post rating for any random people, rather only to the people you have closed a trade contract. So just keep your eye and ears open and you should be fine.

If Banks are the best institution to trust your money with, then no banks would have ever failed. So the answer is no! We have seen a lot of malpractices within banking sector in last few years, especially in my country! We have seen banks lending money to already stressed companies that eventually became NPA and the bank went on to the verge of closing down (Yes bank of India). So we can't blindly trust banks with our money!

But at the same time, bitcoin (or cryptos in general) is also very risky. So having 100% money on any particular asset class is always risky! Crypto is no different here!

The answe is quite simple - NO! Crypto market investment doesn't come with a guarantee! It's same as the traditional stock market. There is no guarantee that a company will continue to perform in the same way it has been performing since last few years. We have many many such examples available in the stock market - Reliance telecom, Wework, Yahoo, Kodak, Xeror, Polaroid etc.

So the same can happen for crypto market as well. Infact we have already seen thousands of failed projects. I personally have few millions of deadcoins in my various wallets. So it's always better to keep an eye on your investments, be it crypto or traditional stock markets.

Bitcoin is truly a people's revolution! There is definitely a team or a human being who created this project from scratch. Some conspiracy theorists say that bitcoin is created by NSA. The more internet search you will do the more interesting stories you will come across. There have been a number of people who claimed the ownership of bitcoin code. One person even went to the court and the court actually given him the ownership of bitcoin to him. But alas, little did the court knows, that bitcoin doesn't work according to their wish!

So yes, it's a people's revolution in the most literal sense! I actually knew these thing about bitcoin before I entered into this market. So it wasn't a surprise for me! I hope you enjoy bitcoin as much as we all do!

Lol! For the same reason it literally makes no sense to me! The only benefit bitcoin can have from this mutual fund, is free promotion! So some ignorant investors who might have not heard the name of bitcoin, will come to know the name and possibly will discover its potential. Apart from this, no beneift will be received by the crypto market. But some pro fund managers will continue to shift other's money into their own pocket using the name Bitcoin! Sometimes I wonder how stupid a peraon can be to invest in such bitcoin funds and not invest directly in bitcoin!

In my opinion, the crypto price increase should adversely affect the crypto gambling websites. A lot of people may argue that 1btc is equal to 1 btc and not in dollar value, but the reality is that , players usually calculate their risk proposition and winning amount in their local currency or usd. So the price increase would force the players to reduce the bet amount in crypto units thus adversely affecting the gambling website's revenue.

That's the general thought. I am not sure any statistics is available or not to analyze what is happening in reality.

Yes! I would go ahead with this proposition. The matter of fact is that I have indeed sold a good amount of bitcoins from my holding back in 2017 to pay the token money for my first apartment. Banks have 80:20 rule for home loans where banks will pay 80% of the agreement value and 20% will be paid by the borrower. So I actually paid off that 20% after selling my bitcoin holdings.

For your situation, I will definitely go ahead with the property because we don't know what Indian legal system will bring us in near future. They may or may not ban bitcoin. But there's still a confusion. So I will prefer to have a property using my bitcoins.

Crypto casinos usually do not require KYC. However,  exceptions are there! Try to check their FAQ and T&C page and see if there is a mention of KYC requirement. If yes, then you will need to be KYC compliant in order to withdraw funds to your wallet.

Secondly, if you don't find any such mention of KYC in their FAQ or T&C, then you can possibly fight it. But some casinos may ask for KYC documents if your winning is huge to ensure they themselves are compliant with the money laundering law.

So it's situational sometimes! Reputed casinos who always try to stand on the right side if the legal system, will require KYC. But that ahould be duly mentioned. The choice is yours whether you want to use their platform or not.

Ideally it shouldn't but the reality is something different. Elon Musk did manipulate the bitcoin market with his comments. Same thing happened when the rumor about Amazon accepting bitcoin payment came out. I am not sure if you are trying to justify such incidents with technical analysis, but these are not really anything to do about resistance points etc. These are market manipulation at it highest level. Rumors spread faster than wildfire and that exactly what happened in last few days! Elon's was even more prominent and he has spoken publicly about accepting or not accepting bitcoin.

Bitcoin shouldn't care about all such big man's nuisance, but unfortunately it does!

US, as a country is full of surprises and a lot of diversity. While the Mayor of Miami is going all in to make bitcoin as a legal payment system in his state, a senator from Massachusetts is arguing against it. But since it's a free country, everyone has the right to speak up on their belief. So she is just speaking up on her own belief about cryptocurrencies, especially bitcoin! But it seems we are immune to such bullshits coming from a lesser known politician.

But one of her words make sense to me,


That's a real threat in the crypto market today. We have already seen such drama from Jemie Dimon or Warren Buffet or even Elon Musk. Now we should start being immune to their comments and views on crypto market. Otherwise such endless game of influence will continue to happen!

Well IMF is funded by banking system of various countries. So that justifies their move and statements against El-Salvador. But it's true that declaring bitcoin as a national currency, is a huge risk! Especially considering the price volatility, it is extremely difficult. No one knows which direction bitcoin is going to take. So if bitcoin price takes nosedive, the entire economy of a country will go down to that extent and vice versa.

The president of El-Salvador is extremely bullish on bitcoin and hence he has taken such huge risk. But what IMF says, is not something to ignore entirely. With bitcoin, one cannot have a stable position. It's either up or down! That's what the major concern is!

Boxing is still mild. Think about freestyle wrestling and then you will understand the actual brutal sport. But the wrestlers and boxers are compensated very well considering the amount of risk they are taking. And yes, slapping tournament is also very brutal. I am sure many players suffer brain injuries due to the impact they receive on their skull.

But anyway, it's upto the government to decide whether a sports is legal or brutal. Many people like brutal sports and hence freestyle wrestling has fans worldwide. Some certain things may not feel right for you and me, so the doors are open for us. We can choose not to watch brutal sports or not to bet on them. But they are a great source of revenue for government, event organizers and betting companies. What some minority of people thinks, has no value!

That's interesting! Super sovereign currency can actually bring a standardization in world trade. But if I think from the perspective of bitcoin or whether it has the chance of becoming a super-sovereign currency  or not, I see only negative!

Apologies for not sounding positive here but there are two main reasons why we wouldn't see bitcoin as a super-sovereign currency ever.

1. No central issuer
2. Extremely volatile

No matter how much technical and theoretical attributes bitcoin has to become a super-sovereign currency, no government will ever accept a currency system to dominate the world trade which is decentralized in nature.

Money is a "promise to pay" instrument and must have an issuer to fulfil the promise. So as per the definition of money, bitcoin doesn't fall under a category of money!

As the list grows, our worries will grow as well. What started with Square and Microstrategy, is now a strong list of 37 companies owning a huge amounts of bitcoins. I am afraid that this trend will continue and more companies will join the crypto bandwagon in future. Considering the amount of cash reserve these corporates control, they can eventually become the driving force in crypto market. That's what we certainly want to avoid.

The involvement of corporates was initially felt great but it is pushing bitcoin towards centra8and providing power to these corporates to manipulate the market with their PR strategies and power of numbers. Not really a matter to cheer about!

Well, that sums up! It's a big business decision for a company like Amazon to actually use a hyper volatile currency system like bitcoin. They could make huge amount of losses if the market goes down. And the kind of volume Amazon handles on a daily basis, that could become a huge amount and it may very well be possible that Amazon will end up paying suppliers out of their pocket. It's a huge business risk and it's extremely difficult to provide business justification to the board members. So that's exactly what I had expected - a rumor!

Lol! This is a typical behavior of gambling addicts. When normal playing don't work in favor of them, they sometimes become superstitious. It is one of such behaviors. Obviously your neighbor is a gambling addict and who is probably in need to a fortune to kick his problems away. But he is indeed helping the bar owner by playing games in a hope of winning money! He must go see a psychiatrist asap. Otherwise he will keep on doing this non sense and keep on loosing money!

It's easier said than done! Solely because it's decentralized and has no controlling authority. It's upto the individuals whether they want to accept it as a currency or as an asset.

However, if we look at the current situation, I feel bitcoin is better as an asset/investment rather than a currency. I know many bitcoin puritans will say otherwise but looking at the average confirmation time, current fees and price volatility, bitcoin is bad as a currency for regular purchases and it's better off in the wallet for long term.

It really doesn't matter what Elon wants, but it's really important to do a reality check before concluding.

Not just CoinDCX, even Coinswitch Kuber is advertising in television and OTT platforms like hotstar and Zee5. My wife keep on watching movies on these two OTT platform and I have literally seen their advertisement multiple times. It's great that Indian exchanges are trying to make cryptos popular in India and gather as many customers possible. It is only increasing the number of crypto holders in India which may help us to get a favorable regulation.

The crypto bill was supposed to be discussed in the ongoing monsoon parliament session. But it seems that bill has not been included in the agenda. So we have got another breather!