Why not! It's very much spendable provided there is another party ready to take it! You won't need a mediator like bank here and you can directly send the bitcoin to anyone's account id. As sim0le as that! I am not sure why you even have such questions!


This statement simply says, you do not require a middleman to send money to anyone! If you own the private key, you own the money and no one else does! I am not sure what do you mean by "Central Bank" here! On a funnier side, if you are a miner, you can call yourself a central bank!

I really do not know the actual volumes of p2p trading in these countries. However, with the recent ban on cryptocurrency by Nigerian Central Bank, p2p trading was destined to increase. The same will happen for every country where cryptos will be legally banned. The beautiful part is that, you don't really need any website for such p2p trading. A telegram group, or a discord channel or even a small whatsapp group will suffice. I am sure India will see a similar practice when cryptocurrencies will be legally banned in India.
 These countries are considered as 3rd world for genuine reasons!

Well he is playing with the crypto market because he knows that he is late in the crypto party. Whereas institutional investors have entered into the market at at 28k - 30k region, Elon's Tesla entered at 40k region. So he has to make it worthwhile for his company. He knows he has a great influence due to his wealth and success and he is using it to make his investment look safe. But anyway, he is also making our HODLING look stronger so can't really complain! We would have complained if he had advocated against bitcoin! So enjoy when you are on lottery!

There are two legs to your statement.
1. Store of wealth
2. Use as currency

Most of the cash is owned by riches of the world but it is still a store of value for the mass! So I don't think bitcoin will have any issue to become a store of value for the mass! Rather, bitcoin will continue to become even more expensive as more and more riches will show interest in bitcoin. So rightfully bitcoin will become an investment for all segments of people, not a currency! That is ideally the store of wealth like Gold!

Use as currency is something, will be dominated by other cryptocurrencies in the market. It can be XLM, XMR, or anything else! But bitcoin indeed is not feasible for small transfers, not even ETH! Both have become very expensive! So the community will definitely find something cheaper and faster to transact on daily basis! But what coin would that be - the time will tell!

I don't know why I sense that bitcoin will be shown as an evil in this movie! Probably yes! Probably not! I can see only one mention of Bitcoin in the trailer but I really hope it doesn't show bitcoin in negative light. The trailer is already popular with 62k views but the problem is, bitcoin can be shown as an evil money which connected the dots with silk road and its customers.

Not good! Especially at this time when bitcoin has started generating a lot of interest among the corporates!

Investing in gold is always a good idea from the perspective of capital protection. People who usually wants to avoid risk but have a inflation proof portfolio, always invests in Gold. I personally have not seen any downfall in investing in gold at all and it is a must have in anyone's portfolio. If you are accumulating bitcoin, no harm in it. But you need to understand that bitcoin's price is super volatile. Today's ATH can't guarantee that bitcoin will hold onto this price level tomorrow. So for common investors, bitcoin is a very risky proposition. While gold is relatively stable and it's acceptance is really high around the world.

Nowadays, investing in gold has become very easy with the introduction of paper gold. You invest according to your capacity and you sell from the comfort of your home. Around 10% of my monthly investment goes into such paper gold and I have the choice of either holding that paper gold or get delivery of the physical gold whenever needed!

That's the sad reality of today's political scenario and that's everywhere. I can share an Indian example of misusing the fund. As soon as we went into lockdown, our Supreme Leader had announced a fund called "PM cares fund". Millions of dollars poured into this fund from common people, celebrities and corporates. Now when people started asking on where the government has used this funds for, our leader twisted the law and put this "PM Cares Fund" out of the reach of auditors and out of RTI act.

That means, no auditor will audit the spendings and no information will be provided to the common people regarding the spending of this fund. The current government has literally legalized the financial corruption this way! Sad but true!

How come this one has made it into your list of casinos! As far as I know, this is a malicious casino and known for scamming people! Read the review below,

https://www.worldcasinoindex.com/online-casinos/bitstarz-review/

I suggest you to drop the name from your list to make it more reliable! You can read the comments to see their scamming stories!

I sometime wonder that, in a country like N. Korea where people are not allowed to have a computer system at their home and the network is super restrictive, how come it has become a breeding ground for hackers? Isn't it strange? Or it may be possible that N. Korea government is hiring hackers from China or other countries to launch such attacks! But whenever I hear about N. Korean hackers, it sounds more like conspiracy theory to me!

But if I assume the hackers are from North Korea, I am sure they wouldn't help in any investigation. So if FBI is looking to investigate this matter, they wouldn't have any assistance from N. Korea without any doubt. Also with the increase in bitcoin's price, the frequency of such attacks may increase and even target the big corporates in coming years!

Bangladesh was probably the few first countries who have legally banned bitcoin and all other cryptocurrencies, just after China banned all types of ICOs. But if any country wants to impose a blanket ban on cryptocurrency, that will not be great for their own economy! If I take an example of the neighboring country India, banning cryptocurrency will destroy a start up ecosystem worth a billon dollar. It will also destroy the confidence of the venture capitalist companies who have invested in those startups and bring down the overall confidence. The world economic scenario is changing everyday. So any country holding onto such blanket ban, will in turn hurt their own economy, loose the job opportunities created around this ecosystem and loosing on a huge future tax revenue!

It is right time for every country to legalize bitcoin and other cryptocurrencies for their own benefit. No bad excuses should be made by the politicians!

This trading practice is known as arbitrage. Where traders benefit from the price differences between exchanges. It is very much possible and I personally have done it quite a few times back in 2016 - 2018! The number of exchanges were somewhat low at that time and it was easier to track the price differences. But nowadays there are bots available for such jobs. I have never used such bots but I am sure someone can help you with this. You just need a lot of money to put on both exchanges so that you can execute the trades in smallest time possible!

Even in India, gambling is banned! However, a lot of people use small local gambling rackets to gamble on cricket which is the most popular game in India. As you have confirmed, it's the same with Bangladesh as well. So these people were rightfully charged as per the existing provisions of law! I don't think it is a matter great discussion. Rather it should serve as a warning for the people of those countries where gambling is banned!

BTW, are the cricket matches still stopping visitors at the playground due to COVID? I believe 30% capacity is what they are allowed for! Not sure what is the scene in Bangladesh!

I am really sad to see your thread and unpleasant experience you have faced due to the regressive legislation agaisnt cryptos  cryptos in your country. Unfortunately, my country is also on the verge of announcing such legislation against cryptocurrency. So I am sure a lot of us will probably see such emails coming from our banks! It's good that your bank didn't freeze your money. In my country, banks are planning to freeze the accounts with all funds in it! We are yet to see that in action but that's an imminent future for us!

Can't agree more! Bitcoin has indeed become an investment rather than a currency. Probably it's for greater good but still it's not a currency anymore. The only way to use bitcoin in your daily life is by using a prepaid card. Where you will fund your account using cryptocurrency and pay transaction fees only once and then continue to use the card for your daily purchases like you do with your other bank cards. That's one way out! However, if you want to do small or micro payment using bitcoin, that's not practical anymore! So the people within the network, it taking it as an investment because historically it has given a lot of profit to its investors. Also the big corporates joining the investment bandwagon, is sending another signal to the investors to invest. As of now, investment is more practical than using it as a currency system!

Are you sure that crypto ban is a "Hoax"? I don't think so! Read the contents of the tweet,

https://twitter.com/cryptokanoon/status/1356599401507028992?s=19

Indian government is pretty much determined to ban cryptos from the economy of India. I doubt any politician will raise their coice against this bill because it is too complex for them to understand. So I presume that this bill will be passed in parliament without any opposition at all.

However, I think we will have an exit window to sell off our holdings. But who will buy if crypto holding is made criminalized!

Oh I loved it! Very simple explanation of a complex technology  the girl has done a great job in explaining in simple words! Much appreciated! I really feel like tagging our Supreme Leader to her video so that he can understand bitcoin in his cow-dung filled brain! It's definitely worth a retweet and appreciation! Also I appreciate her parents who are at least teaching their daughter about good things! It's true that the little girl doesn't have the brain to understand the bitcoin but at least she is familiar with the name. That alone means a lot for a little baby girl of her age!

No! What he means is 1 satoshi is 1 satoshi and that makes sense! Because till date we compare bitcoin in fiat values as per our local currency. And for general understanding, we use USD value of bitcoin. That will not be needed in future if cryptocurrency becomes mainstream. Fiat currencies are inflated  due to various reasons and cryptocurrency is somewhat not prone to such devaluation risk.

Probably 10 years down the line, we will see such things happening where we will consider bitcoin value of the products once it becomes widespread. But for now, it's wise to consider fiat equivalent for calculation.

There are two main reasons behind it! Let me explain below,

1. Technical understanding - Not all people are technically sound, especially the older generation. If we want to use bitcoin, it needs a certain amount of technical knowledge. People can obviously use simplified online wallets but again, it needs understanding of fees, address generation etc. So those who are not tech savy, are afraid to use bitcoin!

2. Banking propaganda - I am not sure if it's happening all over the world. But in many countries, banks have started using their money and power to run propaganda against bitcoin. I personally receive many emails from my bank which talks about the risk of bitcoin and issue official advisory not to use it. The impact of banking system is immense on the society. So those who have not entered into bitcoin market, they prefer to stay away!

Also proper awareness about cryptocurrency is missing! We obviously have many online tutorials available to understand bitcoin and its ecosystem, but that is not enough to make someone intrigued about bitcoin. We need local and micro influencers to promote bitcoin among the mass. But due to banking propaganda, it is not being fruitful.

Domain registered on 9 Feb 2021 and for only one year! The contract address holds only 0.183 ETH. Players need to choose a number between 0 - 99 so the winning probability is very less for one player unless multiple bets are placed! The bet amount is also variable.

Please understand player's psychology. People play to win. When the probability is so low, I doubt anyone will be interested in testing their luck!

It's not a very valid discussion, I feel! If we don't consider the wealth unless it is converted to cash then majority of the billionaires would fall out of Forbes list. Because majority of them are considered rich because of their shareholding. Same goes here as well. If you are HODLing, then it's all fine to calculate that as your wealth and networth. So on papers, you have made money out of it because it increases your networth. It's as simple as that!