They are paying a fuc**ng 10k INR more than the normal rate. That's around 20%
Due to the recent crisis with their currency notes, Indian bitcoin markets are trading around $950 price levels, so bitcoin prices are 20% higher in India than the rest of the world markets. That is the reason OP is discussing about arbitrage trading based on Indian markets and other markets. I guess it is not that easy as it involves fiats and dealing in fiat in India might attract more regulations from their government. |
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I put your question differently. What if no one engaged in mining? Mining is important because it continues the production of btc. I believe that it's till worth it someone to invest on mining but also I know that doesn't have many benefits but we specify how many and what benefits it will has for whatever we do.
You can earn more bitcoins by investing in the altcoin mining then sell the coins for the bitcoin. That is more efficient. So where do you mine that? Does any cloudmining site offers alt mining? But for what i've seen genisis mining offers zcash but i think i see some people claims that it is not worth it to go invest on alt mining on their, but if you have an hardware to mine alts well actually you can earn some profits with that but don"t expect for it to became more bigger. And mining of alt coins would give you profit more and the time when you collect some coins the price would fall of the altcoins while with bitcoins at least one thing is sure that we wont face loss with mining due to the price of bitcoins. I did some mining earlier (last year ) and was quite good then I sold my mining equipment. |
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That is amazing news , that way it would be like gyft where the usage rate of bitcoin would go through the roof. I think the more places you can spend bitcoin the more bitcoin users we can have. That is amazing for us bitcoin hoarders  I think there is a awesome site or service bitpay and using that most of the sites are happily accepting bitcoins. I think it would just take a little time for skrill to accept bitcoins, until then visit the localbitcoins and if you don't like localbitcoins deals then try the exchange section here at our forum : https://bitcointalk.org/index.php?board=53.0 |
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If you are a gambling addict with no luck and always lose when make a bet then it is very nice decision if you quit from it before you lose everything what you have  Even if you have the luck but that's for a temporary basis only, when you are an addict in gambling most likely you greedy as well so even if you win you will face the consequences of your addiction in the long run. Gambling addiction has not good outcome for every gambler, don't let addiction control you as what we need in gambling is to be smart as hell. I call it waiting for loosing when someone pushes his luck and try to win more and more. I think there is no point in betting because you think you are winning, but gamble just if you feel bored an upset. I mean take gambling like you play sports in real life. Pro Tip for everyone : to check if you are addicted or not, try to gamble for free coins or play money and if you feel not doing so then you are addicted. |
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It defends because for me i started at a small amount to bigger amount thats my strategy. Take note if i lose consecutive i increase my bet until i achieved my target profit then i quit to play and play again tomorrow.
Do you manage to win always with that? I think if you lose by that method for sure it will hurt a lot, you will be broke for sure...Betting like that I think is almost the same as martingale and like martingale too not all the bets wins...  Yes i always manange to win always with small amount to bigget amound i always getting profit estimated of 0.02 daily and if i don't feel that i don't want to play gambling i don't play and i have a techniques i always follow what my mind and heart say if my mind saays to stop then stop playing. I was a risk taker back when I started gambling and I used to bet on 50.00 odds and even higher, on darts matches with around 11 legs and I used to place bet on No 180's to be hit in the match. With time I realize I was a stupid person because I just got 1 win like that and I have lost more than 200 bets. I always was very excited lol anyways now I bet on much lower odds. |
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This is certainly not going to make people stop using fiat. Bitcoin needs more than a price increase to attract more users.
It is really necessary the availability of places where people offer goods and services, which allow users to use Bitcoins, to have acess to it.
I think the increase in time is not important than the facilities that bitcoin can provide us, as the price increase be temporary, but if it provide us some good facilities then people will really attract toward bitcoin and will certainly take interest in bitcoin, and that is really to much good for the future of bitcoin. |
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We know all wanna to get more income, and all wanna profit, but some people does have fun while they play, in the general both are the main reasons to gambe, some does it and feel pleasure, while others just searching for profit and big rewards.
I strongly believe that we all are gambling for money and fun is something that is automatic when you win and when you loose you have no fun and feel like hell. I mean for a moment think of the worst moment in gambling and you will easily recall the one when you lost biggest while if you recall best you will easily the best. hence its winning that makes us feel like gambling is fun activity. |
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how many people are lucky but lose,How else have no relation with luck but uses several strategy that allows them to make earnings, and also how many people have no experience in games but who make big pot, and others who uses the same strategy that worked for other people but does not work for them. So; do you believe that earnings in gambling is depending on luck?  Yes! i really believe that luck is we are depending on but still luck is just a possibility to gain in a small amount of percentage but its not that great when its not working but if you have knowledge then you will be carried but not to win but to be stand straight and if luck is with you that will be the time you win good bitcoin and awesome stuff Luck and knowledge will just delay your loss, that's what I personally think. To me its a fact that site has 51 % chances of winning and you have 49% chance of winning so even if you got lucky for a day or two still the site will end up in profit, no matter what. It is like betting knowing that we have lesser chance, like pushing our luck. |
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Bitcoin will gets used as a money in the future. Recent days more and more digital currencies have been coming into existence. But bitcoin has got increased potential for which, when days of digitalization happens over the entire world or at least in few nations.
I think to be able to use bitcoin just like paper money, it needs lots of development and upgrade to the point people can use it in their daily lives. But i terms of government used money, bitcoin will never be used as official money of any nation. It may have an impact to the financial system but it will always an alternative to fiat money. Actually I see no problem other than the fact that slow confirmations may kill the fun. I mean if I have bought a ice cream from ice-cream parlor and if I have completed the ice cream I am asked to wait 30 mins because confirmation is not done, I would feel bad. And in case I order and they give me items after confirmation would also kill the time. |
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I would personally suggest you to buy bitcoins from a local user, see I am not sure why you are avoiding localbitcoins but its quite easy to use, very secure for anyone using it and well trusted to hold some coins there.
Maybe you can find a listing there contact him using his mobile number locally and ask him to meet on some specified location, this is what I do when I need bitcoins quickly.
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I also sometimes face the same problem when I request a withdrawal of fiat I think it is because they will not have any funds in that particular payment system as normally the withdrawal occurs instantly and automatically.
Yes its most probably due to that reason but at the same time I have heard that some guys get their withdrawals while some don't and that is something that makes me most worried since if everyone was having issues then it was fine because there might be some tech issues but when it is stuck for some particular user then its a matter of worry but all been discussed I am quite sure a site like yobit who pays out chunks of money for just their promotion on this forum (sigs) won't scam really. |
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Domains are of low quality and hence I think it is quite impossible to get a loan of even 0.05 because the domins are free plus added to this you have a account worth nothing and added to all these the way you posted this thread it looks like you are selling domains, because if you were serious things like repayment date and amount would have been mentioned for sure. |
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If Bitcoin is set to be just a replica of gold, where is innovation here?
An innovation does not need to be a complete alien thing. Gold was a successul medium of exchnage of olden ages. So, obviously its replica may get more possibilities for similar success. I meant to say, if money is a product of innovation, then a latest inclusion in that series must be bitcoins. When centralised currencies are in dominance, bringing up decentralized assets (even if it is an existing one) must be an innovation. |
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I think the analysis of the gamble is important but this analysis applies to sports betting. with mengalanalisis we can determine the percentage of who later would win. I often analyze my team jagokan although not entirely to triumph every gamble besides sports or gambling real hard to be analyzed eg dice sites.
Yes, it is true that the dice games are hard to be analyzed because they depend on probabilities and not really on experience and past results. Sports betting is something that can be analyzed because we can tracked the past records of a team or a player and then guess his performance in the upcoming event. |
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At the present time, this is unlikely to happen, but it's possible to realize that people are getting tired of inflation, there is a high cost in using a currency that loses value at a high rate, year after year. Maybe Bitcoin will not make people stop using fiat currency, but at some point when they realize the benefits of using Bitcoin, the number of fiat currency users could drop significantly.
As long as people are having appropriate reasons to switch over to bitcoin payment system, how we could expect the survival of fiat systems ? Other than economical reasons, online usage like on the go with the mobile phone kind of requirements will push bitcoin to go mainstream of payments system. By considering all other potential benefits of bitcoin along with this online usage, I believe bitcoin will replace fiats slowly. |
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Well, No money innovation would be complete without mentioning cryptocurrency and there’s no space here to explain how bitcoin works. But much like Tide, salt, stones or many of the other weird things we’ve used to represent value; users of Bitcoin agree on it’s worth due to the transparent technology it is built on. The original invention of money allowed people to ascribe value to a person.
Well, bitcoin is fast becoming a standard currency on the internet. Money is a medium of exchange so is bitcoin. Aside from money we can say that bitcoin is also a product of innovation, invented out of necessity against the middlemen etc. Yes bitcoin must be the latest innovation in the series of medium of exchanges. Human race had different type of medium of exchange in their different era. Just to suit for the modern digital requirements now we are having bitcoin system, must be another great innovation of human race. Yes, the evolution just continues. I believe before currencies human race must have decentralized medium of exchanges like gold or other rare metals or things and they were comfortable and successful with their medium of exchanges. Bitcoin must be just a replica of gold and it will also have all the possibilities to join this series of product of innovations. |
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Of course bitcoin require mass adoption in the future. Because if bitcoin get mass adoption will make bitcoin network is expanded. I believe the mass adoption will certainly make the market bitcoin more active, and it will make the price to be increased and continues to improve.
I am sorry but I beg to differ because I think mass adoption will make the market much much more flexible and the price would change from 900$ to 2000$ in a day and the opposite too which I personally don't like. But that been said I also want that the price increase and we all will make profits from that. Moreover huge price increase without mass adoption will not sustain. It will fall for sure, this what happened by the end of 2013. |
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It depends on the person, if the user is selling things then it will disadvantage because he cant predict whether he will earn profit or not, but for traders it is an opportunity, with little prediction they will know when to buy and when to sell, for sure experience traders is going to earn money from this
Moreover the real beauty of trading is based on ups and downs of price levels. Without price fluctuations, there will not be any chances of trading. Every trader must be loving ups and downs and practically it will not be possible to have always only one of these two like only ups alone will not be possible for the any commodity. |
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Being successful in trading doesn't depends either small or big amount that you will invest. As long as you know how to make a successful trade then it will be fine. Trading is risky but you can minimize it if you let your self study and learn the process.
Yes, that is the reason there is no common thumb rule on minimum capital amount requirement for a successful trading. A skilled trader will manage into maximum profits from small initial capital itself. But, we are here discussing about new traders, for them some less than $50 would be enough capital for both bitcoin trading and altcoin trading. I am glad I had started my trading even less then $50. I just invested 0.1 BTC when bitcoin prices was trading around $240. It means I managed to be successful with my trading with less then $25 as trading capital. I am still sticking with only altcoin trading and I do not prefer to go for bitcoin/usd trading as it might require more capital amounts. I'm just making my own technical analysis, that might be the prime reason I have survived with my minimum capital amount. |
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the $1000 price has indeed turned into a big barrier in front of bitcoin and i think it is going to be the toughest barrier of all times to break. and that is only because so many people are expecting that price, we can clearly see this from the comments in this topic alone, and this little expectation will create a lot of selling when the price reaches around $1000
Some people think very easily about the price to reach the $1000 level, while in fact they have no clue how much buy support it takes to maintain that price for even a day or two. That's why I also believe that even if we do reach that price level, that we will go down significantly where the price might even fall below $900 again. We'll need several attempts to sustain that price. And each of these attempts may take 6-12 months time. Right now we first have to make sure we maintain our position above the $700 levels, and that already is a more than difficult task. It doesn't take much to get the price to dive below $700 again. Imagine how that will be when we are sitting around the $1000 level.  I think it is not so much difficult, as we can see that the increasing trend of bitcoin is in progress and hope that it will continue tell the price reach to 1000 USD if something wrong not happened to the market. Some people are even expecting that the price of bitcoin can easily cross 1200 USD level at the very beginning of 2017. |
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