This could also be a problem with regulators within India, as I know in the United States something like this wouldn't be tolerated at all and the banks would be forced (by regulators) to give the people their money back (unless their was some sort of criminal investigation with the funds themsevles) Plus, it would probably go viral on social media and the bank would look bad if the person REALLY needed the money.

Some banks are able to get away with this, one piece is that they have such a stronghold on the country that they don't have to care and two because their regulators (or lack thereof) are doing nothing.

This is the type of post which is detrimental to people, you shouldn't ever try to time the market if you're trying to invest. You invest and then hold it out, even in SUPER risky investments like crypto. I do support what you're saying about if you not getting super involved in the market and just waiting it's course, though this should be something which you do by default -- never let emotions drive your trades or you will ALWAYS lose out.

Buy and wait folks, whenever you're ready.

Who knows if they're actually going to be doing something like this, or they're just trying to make some media hype to drive some attention to their company, their platform, and their stock price. It's a pretty understandable option if they're trying to hide out the whole cambridge analytics scandal they went, and are going through right now.

I don't see a need for them to have a crypto anyway, this article seems a TAD fishy on how it explains everything too. Unconfirmed sources aren't my thing.s

I assure that that if BitGo was hacked we'd be in full meltdown mode, as a good amount of large exchanges (and large other companies) in crypto that control mass amounts of bitcoin use bitgo for their backend or even reserves. So this is probably just a false positive or somthing off of your side, nothing to be worried about if you're using 2fa anyway. Which I would always recommend

Or buy a trezor or a ledger.

Wow, another random country banning bitcoin that literally does nothing to anyone. I don't even know why these countries even do something, it's not like they're making a difference anyway, I legitimately think that these nations do it in an attempt to move the markets but then even the investors know that it is nothing.


You can start this if the US bans bitcoin, for now it's not necessary bud.


Not this country, who cares anyway. I doubt 99 percent of people can put Bolivia on a world map.

It really depends on the coin itself, the government backing it, and if it is actually being used by the people. Because lets just say that the US government replaced the US dollar with a US cryptocurrency dollar, then yes I'm most likely going to use that coin without a fuss at all (given that the coin itself is as accepted as USD and there is no problems with it) So yes, in that case I would go for it.

If we're talking some random country that isn't going to help me at all, then no I'm not going to get involved with that.

Day trading is all luck, others can say otherwise but there's no way that a certain person knows that the market is going to go one way or another. They may get lucky a good amount of times, even near the point that they're actually looking like they can tell the future, but then they're going to fail. The market does what the market does, and if you try to predict it it's like your gambling on the weather.


This simply isn't true, you need a basic knowledge in order to do either one of them. I would recommend to all that holding bitcoin (and traditonals) is USUALLY the best course of action.

Buy and wait. Though I am in it for the long haul, I don't know how others are here sitting around trying to do their trades on a daily basis. You're wasting time you could be using making more money, and you're probably going to make less then you could if you were to just let the money grow (just like traditional investments)


So you pretty much just gamble? I don't know why people think TA works, it does nothing, it's like reading tea leaves folks.

God, thanks for this so much. I just changed to one of the big DNS servers, as a youtube video said they're going to be much faster, but I guess the speed isn't really worth it when these people are getting hacked and then money is being stolen due to it. I'll be changing back VERY SHORTLY.

THANKS SO MUCH!

I never understood people thinking that this would ever happen, do you really think the rich would EVER allow politicians to pass something like this? If they tried, corporations and people would pay GROSS amounts of money in lobbying in order to ensure that it is shot down ASAP and never thought of again. But let's live in this fantasy world for a second and say it does pass.

Universal Basic Income doesn't work, it makes people less motivated to work as they're receiving money for just breathing. People need to work, it's the thing that stimulates. Plus the fact that UBI isn't even working in nations it's being tried in now, why ruin the USA with it?

I'm really hoping that this has to be a joke, as the prime thing that SHOULD be funded more (in certain places) is going to be education. There's no reason for people and governments to invest in a crypto that is risky upon all hell, wouldn't you rather see this money going into education for the next generation to ensure that they will succeed? Yes, you would. Because that makes a lot more sense then trying to invest in something more risky then penny stocks.

Sometimes I don't understand why people post things like this, then I notice I'm on a bitcoin website....

It's not that hard when you actually think about all of the resources that the government really has, they're able to use their IRS (alongside state tax services and private crypto companies) in order to track down when you bought coins, for what price, and if you reported it or not to them. It's not hard at all if you're not actively trying to circumvent government watching, which most people aren't if they don't think they're doing anything wrong.

I think the IRS is even working with (or has worked with) some private companies in order to find out who some people are on the blockchain. For audit purposes of course, as they know that some of these people are trying to avoid them

I'm not advocating for investing and trading to go away all together, I'm just saying that I would much rather see investing and trading only make up 1-5 percent of our volume instead of most of our volume and the other is volume in BTC is going to simply be people using the coin itself as intended, as a currency.

We are pretty much a trading coin right now, we aspire to be a world currency.

While this is something that comes up time and time again, and I do wish it could be true, the world governments would never give up this much power to a decentralized group of people. It makes no sense at all for them to do this, think about it for a second. Governments would fight tooth and nail to ensure they're in control.

So while it would probably work, I can't see it happening.

The only way we're going to get a stable price is from people not using it as an investment tool, and a day trading tool. But that's not going to happen until we fall down substantially, so who knows if that's going to happen. We would have to push for crypto as a currency, and we'd have to make the news for our acceptance and real life usage instead of price increases.

Get people and businesses interested in crypto the currency, and not the investment

Highly doubt this number is even close to true, you have to think of where this data is coming from. Of course, from a pro crypto website, they're going to try to promote clickbaity headlines, like this one, in order to get people to go to the site itself. Yeah, maybe some people will go ahead and invest in crypto (like in all countries during runups in crypto)

But there is no way that 1 in 2 people are going to get in on it. That's insane to think about. The data is obviously BS.

That's something which isn't true, bitcoin fees come down based on the network conditions. If we're facing a mass amount of people trying to use the network, then the fees are going to increase. If we have a low amount, then the fees are going to be lower. It's really as simple as that.

Not too hard to understand.

The only thing they're stopping is the using of their cards, which is going to make sense as they don't want people to buying bitcoin / any sort of crazy risky investment on credit. This does make sense, though people are still able to use bank transfers / wire transfers to buy bitcoin if they want to do.

Makes sense, we really shouldn't be mad about this.

I would say that i don’t think bitcoin functions to well as a currency, this comes down to the fact that there isn’t much adoption at all from companies to accept bitcoin, which is vital to the success of bitcoin. Also, when the market becomes congested fees get too high.

So I don’t think we’re too good of a currency as of right now.

If you're trading large amounts of securities, securities which could cause something known as slippage (causing the price of it to go down to the amount you're selling, which is market moving) you're going to want to sell in chunks. It's the only way to limit the amount of slippage which you have and the amount of loss which is incurred from you selling, though this loss should be negligible as it should be near the amount the market WENT UP when you purchased due to the market moving behavior of you buying.

So sell in chunks overtime, it's the only way to have this work.