Probably after the hack, I guess you need to stay away from Kucoin exchange. Almost every crypto exchange asks our KYC for depositing fiat funds to prevent Money Laundering and trade them in crypto. There are a few ways you could trade anonymously like swapping your fiat to bitcoin in any Bitcoin ATM or using Localbitcoins and finding a trader to buy bitcoin using fiat. But, from last year you need to verify your ID in localbtc if you are going to trade more than $1000 otherwise you need to give your mobile number for less than $1000 trades. Check their blog post for more info regarding this : https://localbitcoins.com/blog/id-verification-update/ . Other than this, I don't think there is a way for you to buy bitcoin anonymously without handing over your ID. There are possibly a lot more risk factors associated while handing over your ID proofs to a crypto exchange, you can have a read about that here : Why KYC is extremely dangerous – and useless and here are a list of P2P exchanges where you can trade anonymously : List of P2P/no-KYC exchanges. You should stay away from selling your KYC for just converting fiat to bitcoin, rather use P2P exchanges like Bisq : https://bisq.network/ |
|
|
|
using a PO box or a separate address(if I remember correctly Jameson Lopp actually rented out a different place just for receiving orders)
This is probably the safest way to receive goods which demand our privacy but not many countries do have a PO Box for the common public. In such a case, we need to find help from someone who doesn't really know much about bitcoin and we need to ship to their address who can collect it on our behalf and whom we really trust. Atleast this is what I do to hide my real identity from the bitcoin world while receiving bitcoin products and stuffs. I even had a anonymous pickup point which I have been using it for 2 years but for safety purposes I have stopped using them as well in recent months. On top of that to be on the safer side I never did KYC in any of the exchanges so far. All in all whenever I am in need of selling my bitcoin for fiat (which is a very rare case) I use a trusted known person who can help me in withdrawing fiat by selling through their account. |
|
|
|
I have never heard any of them saying of making any purchases like you did till date.
This is primarily because 95% of the people living here only know btc as an alternative to stock market and some don't really know what it is and invest their money to receive a huge profit or huge loss. You can consider 1/100 will know the basic technical aspect of bitcoin and in the remaining 99 users 40/100 will use it to scam poor newbies and the remaining 59/100 will use them for trading with shitcoins alone. They used to buy gift cards from me for their btc but never heard of a product bought by them against btc as they (my friends) are too conservative about conversion and high transaction fees for which they use their cash only to buy anything.
Again as I said above only a very few know about lightning network. I am not bashing our country but that's the sad truth of the whole country.
BTW, congrats man - you are one among the true bitcoiners  |
|
|
|
I've fallen so far behind with my reporting, what with this pesky global pandemic that's going on.
This is the same case for me too! The pandemic has increased the workload atleast 2-3x while comparing last year. I wish I had more time like I had last year. I even have a lag in active meriting nowadays, damn the real life work is extending to 14 hours a day sometimes.. With half the people seemingly working from home that must have had a boost to traffic and then add into the mix the new all time high it must have drove traffic up considerably.
Just leaving aside the price surges, I think this year should have had lesser traffic while comparing to previous 2 years IMO. 2016-2017 might still be the top traffic overall for sure if the reports are published sometime in future. For those people who are in the same boat like me working in IT sectors as developers, they should have experienced a very high increase in their workload for sure and I believe the same would be the condition globally. If working in healthcare, they should have been probably very busy spending most of the day in their work. With myself involving voluntarily for translating the whitepaper in my local language or learning some additional design skills for rendering my services in forum or learning a not-so difficult "Dart" programming language I think I have turbo-boosted the maximum of what I can do in my free time apart from reporting.  And I have limited myself only to reporting my local daily without fail and some times Altcoin Discussions (if I have spare time) |
|
|
|
I have been using bitcoin as a currency for all these days since I came into the market in the end of 2017 and will continue to use them unless there is a huge differences in the pump and dump per day. But the current volatility seems to be far from being used as a stable currency and for instance we know that paying 1 BTC today would never be the same tomorrow. In such a case for the bitcoin to be used as a currency we need to have lower volatility and to achieve this counterpart we need to have more adoption, institutional investors breaking in at a larger pace and insane prices where even pumping or dumping $5,000 per day would never make a difference. In 2-3 decades either we might be experiencing a very high price or a moderate price of $100,000 and at that time buying a HDD for $50 is like paying 0.0005 BTC and if BTC pumps $105,000 the next day the same 0.0005 BTC would be $52.5. Through this, we are seeing a very low volatility which is neither a loss for the buyer nor a profit for the seller. So, in 2-3 decades the world could have changed a lot i.e currently 59% of the global population is connected by internet and this will probably rise to 90-95% in 2-3 decades. People like us, the early investors of BTC should have pumped this currency to atleast an height of $100,000 per coin. Remember in 1995, only 1% of the world population had internet connection but today it has increased 60X in 2.5 decades. Banks are afraid of Bitcoin and replacement of traditional currencies will happen within 2 decades. |
|
|
|
A - 5 - Heisenberg Thanks for the raffle! Good Luck all..  |
|
|
|
Update : Senior Member sigs for Mantis Cryptos, Hero Member sigs for Ballet Wallets and Complete Signature Sets for Tangem are now available. Please update your signatures accordingly. Up next : 1. New Signature Sets for Coldkey 2. Signature Sets for Casascius - Logo done 3. Signature Sets for BTCC |
|
|
|
Are you sure that it crossed 15L INR?
I believe so. Either the random newspaper could have given out incorrect information during that time, may be? or someone could have been selling bitcoin at that price in P2P exchanges like Localbitcoins? But, I am quite sure I have seen that price (which I mentioned above) being printed in an Indian newspaper on a Sunday December 2017 time. Even now if you check in WazirX, BTC is getting traded at 14,81,000 INR and LBTC prices are 10k higher than that. And we are also well aware about Indian media which delivers half baked info regarding bitcoin as they lack the basic education to understand what bitcoin is and can't really understand much above a stock market scheme. BTW another interesting fact is that, 1 USD was around 64 INR at December 2017 i.e $19,783 (practical ATH of BTC as per fortune data) brings the price to 12,66,112 INR and I am not sure how BTC was trading at these insane levels in Indian exchanges? Were we paying 1,75,000 extra for buying btc in India? I agree with Supply and Demand ratio, but paying $2,700 per btc is too much to say. |
|
|
|
|
BTCump. Still 6 more spots remaining to be filled.
|
|
|
|
Please ban newbie quuentak56 for plagiarising a post of @TheUltraElite in the same topic. Copy : I have followed the mining trend in India and as far my calculations goes Bitcoin mining is specifically not profitable since post-2017, not sure why you are ordering these miners anyway.
No, I haven't bought any miners from such sites but I hope what you ordered is legit and you get them in working condition.
One suggestion would be to check the "computer hardware" section of this forum where we have many trusted users buying and selling mining and mining related equipment.You just be assured about trusted users there but you should use an lead none the less,
Again I will let you know the better options for such requirements..
Hope for best
Archived for reference : https://archive.is/6ELreOriginal : I have been following the mining trend in India and as far my calculations goes Bitcoin mining is specifically not profitable since post-2013, not sure why you are ordering these miners anyway.
No, I haven't bought any miners from such sites but I hope what you ordered is legit and you get them in working condition.
One suggestion would be to check the "computer hardware" section of this forum where we have many trusted users buying and selling mining and mining related equipment. Rest assured you would not be scammed by the trusted users there but you should use an escrow none the less, although again I lack information as to who does such escrows in this subcontinent. Maybe some of our well known users here would be willing to.
|
|
|
|
0.003 BTCEDIT : How is the condition of the magazine? Pic seems to be little blurred at the bottom. |
|
|
|
1. Who moderates these boards in the absent of its moderators?
Global mods (hilarious, mprep and Mr. Big) have been moderating Beginners&Help for quite a long time since when Mitchell resigned from the role and Mining Buddy was removed as moderator. Admins didn't remove the name from moderators list but Mining buddy were removed from the position a long time ago. See this : As I said, he was removed as a mod a long time ago. Theymos just hasn't removed his name from there and only he can do that. It's the same with the Press board.
2. What happenned to these accounts?
They could have become busy with their real life and stopped moderating our forum. It's a personal question which could only be answered by the specific account. 3. There are several good readers and very active users with good reputation although I don't know how moderators are selected or the criteria of selection but these users are just everywhere and very active why are these vital positions still vacant??
Moderators are chosen primarily based on reporter statistics but that alone isn't important as they should have good reputation and be neutral in decision making. See this : [1] Who is able and willing to moderate the Politics & Society section? There will only be one moderator.
Report history is the most important consideration for a moderator candidate. Over the forum's many years, relatively "newbie" members with good report histories have consistently done much better as mods than veteran, well-respected members with poor report histories. That said, not all reports are equal, so a simple report count doesn't tell the whole story. Also, in addition to report histories, it's necessary to consider factors such as the ability of the candidate to be neutral, their trustworthiness, etc. It's also nice to choose a moderator who people generally already trust/respect, but sometimes this is outweighed by other factors.
why are these vital positions still vacant??
theymos feels that the current spam is being controllable by global mods. If we see a huge influx of spammers, theymos might appoint one based on reports and trustworthiness. EDIT : Just to be clear, I one sidedly resigned. I was not removed or forced to resign. There is a big difference between the two. Changed. Thanks for the insight |
|
|
|
There is no doubt that ICO was at its peak just at the time of the last ATH, but also that it was at that time that it was announced that CME would launch Bitocin futures - which many inexperienced people replaced with BTC ETF. Given that there was no pandemic then and the world has recovered considerably from the economic crisis, many small investors have invested in BTC - as evidenced by millions of newly opened accounts on crypto exchanges.
Even though 2014 had the needed pump to bring in more investors and newbies, 2017 and 2020 would always be remembered as the game changer in the history of bitcoin. With the year nearing its end back in 2017, bitcoin had been trending globally and the price was highly speculative to make a bet. Back in 2017, no one really got to know why bitcoin was rising other than a few huge pumps and dominance from the shitcoin market. Now in 2020, we are experiencing another high but we are globally facing a lot more problems than what we had in 2017. Covid has changed the job market, US elections are swinging like never before with Trump not conceding the election results and more importantly there are more people searching for job instead of creating one. We never really know when we would recover from virus and get back again to the normal state as we were in these past years. Although some may have thought that BTC could independently conquer fiat, banks, PayPal and everything else - for now it is not possible to exclude all of them and achieve adaptation. Most, however, are not technically so literate that they know more than just turning on a computer and running a browser, and for them, the services offered by PP or banks are an easy entry into the world of Bitcoin.
At the moment we need middleman like PayPal, Binance and other key players to bring in more adoption. Your avatar (spending-bitcoin.com) shows that merchants accepting bitcoin are rising at an enormous rate and with PayPal entering the scene we would be seeing insane adoption once virus nears its end. |
|
|
|
Meanwhile right from the beginning of December 2017, I was watching bitcoin prices every now and then and I believe 15,70,000 INR was the ATH price I have seen as far as I remember. I think I saw this price in random newspaper clipping and suddenly logged into Unocoin to learn about trading. I don't really remember the date at which I have seen this price but it was a December 2017 Sunday for sure. That motivated me to learn more about bitcoin and evening of that day, I eventually found bitcointalk through a medium post and that night I started my journey deep inside the rabbit hole  P.S Still searching for the medium post which made me to register onto bitcointalk  |
|
|
|
I am surprised to see how inactive the Indian local board is considering how potentially huge that part of the forum could be. I guess they are not that into Bitcoin after all, or it is somehow related to the constant battle with restricting people from acquiring Bitcoin.
Given the population we have in our country and how good the crypto could have been here, it is quite opposite to see just a little over 2-3 posts being made on a regular scale per day. This is primarily because of the confused legalization of cryptocurrencies in our country and far less education in terms of bitcoin on the whole. At times, it could even sound like I am roaming all alone in the board  I even went to the extent of organizing various fun free raffles each month which pays out 0.001 btc just for guessing a hash number to engage the discussions but all these efforts went in vain considering the meagre Indian population we have in forum. Even to this month, I organize them but hardly it takes up to 2 months to fill up 16 spots  Check this : [INDEPENDENCE DAY RAFFLE] #7 - Pick a lucky number and win 0.001 bitcoinThis could be because of various reasons : [1] People aren't willing to show they belong to India [2] Since Indian netizens speak English, majority move onto global boards [3] Even though trading has become legal since Feb 2020, people still fear using crypto here. [4] No real adoptions, lack of education in bitcoin and scams rising in huge numbers : Ethereum Investment Schemes are again active in IndiaThis is just my guess, but maybe people from India are are using something else to talk about crypto related stuff, maybe Discord group or something like that. One more thing could affect activity there is the fact that they use English in their local board, so there is less incentive to write there.
There is a telegram group "IndiaBits" which is filled with a little over 4k members but the discussions are related only to trading and nothing much. Hardly some devs pop up, but the discussions are submerged in trading. More importantly, we can't import mining machines (least to say legally) and hence we don't have any mining discussions taking place over. English seems to be a major hurdle for us, but we have at least 22 official languages spoken in various parts of country and if we try to create topics in each and every language it would mess up the whole board making them unreadable. This is why we are using English on the main boards. Check this topic to know more about the current situation of our board : WTF! with this board? |
|
|
|
Many people think that casino play is purely based on luck. But in addition to an element of luck, there is also a large amount of skill involved.
Casino play isn't purely based on luck to say while on the other hand I would say dice gambling could come under luck based gambling. Here in this scenario, dice games will most likely end up in favor of house and gamblers wouldn't really use strategies for winning in dice games. Similarly, investing in crypto like bitcoin, ethereum, monero or other top currencies isn't based on luck but investing and receiving profits in Defi based tokens in 2020 and ICO tokens in 2017 was purely based on luck. We have seen scam Defi tokens which were never really audited and was meant to be a stable coin pegged to $1 pumped to $160 and $1 within a few hours and similarly scams like Oyster Protocol pumping over to $5 from $0.01 within a few days never had any favorable outcome to investors. Investing in such tokens is a hit and run i.e we may either become a millionaire by investing a few thousands of dollars or would lose the investment altogether. Investing has many of the same factors surrounding it. Many people feel that doing well in crypto investments is completely down to luck.
While some people who got rich from the Bitcoin boom in 2017 were lucky, there were also a lot of people who had followed the market and
had a good idea that something along those lines was going to happen.
There is a lot that gamblers and investors can learn from each other.
Both gambling and investing require a sharp mind and the ability to subtly evolve your strategy on the fly.
Sports Gambling is a completely different scenario where we can guess the team's ability to win against a certain team and application of a minor strategy might help us in winning the bet. So is the investment in currencies like bitcoin, ethereum, monero and other legit coins. But yes, Investing and Gambling can mature over the time period i.e we get to know about the scams easily with repeated investments over the years and thereby make proper investments in forthcoming years. In gambling games which involves usage of strategies, we get to know about them more as time passes and thereby educate ourselves in the long term. What is gambling for you — a fun time with a chance to win or a great investment method?
I would consider gambling as a form of game to spend my leisure time and I have never considered it as a investment method. But if I tend to play sports gambling, I would consider them as a investment method rather than a form of game to spend leisure time. This is because winning in a dice game doesn't lie in our hands but guessing the outcome of a sports based gambling lies within us. |
|
|
|
That is a good point, but I don't think they are stupid enough to count on this, the majority of people do send their gears back to Bitmain for repair, 60-70% of these gears won't be leaving China in the first place, Bitmain offers large Chinese miners on-site repair services, it's just a minority of unfortunate miners (like my self) that can't send the gears back to China or any other nearby repair center.
So what could happen if miners like you met with a serious repair problem? Do you just leave those gears aside? Isn't that a loss if the miners doesn't function properly? I don't mine nor I am technically strong in Mining, but going through the posts from Mining section urged me to ask a few questions to regular miners like you. AFAIK there are only repair centers in CA, Russia and Europe, so what happens to miners living in other geographical locations? Should they send back the gears to China and spend a hell lot of shipping charges again? I hope some day my government legalize the importing of mining machines. Right at this moment, importing mining machines to India is highly frowned upon and if caught in customs we might end up losing our btc spent on buying these machines. |
|
|
|
|
Show Posts
