In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022, Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.
Along with above reasons, there are some other reasons why bitcoin may not be used by everyone in near future. Bitcoin originated as currency however its value has increased so much so that it has become a commodity. In order to become a currency entity needs to be easily accessible and appropriately valued. At this stage bitcoin has became next stage of gold. There was time in history where gold was a currency through out. Then came a time where value of gold coin was more than its legal tender. This resulted in people melting gold coins to get more value. Since inception of paper notes, plastic money gold become obsolete as day to day currency. Bitcoin has already gone beyond this stage where it is more valuable to have bitcoin than use it for currency. Thus there needs to be more effective way to get bitcoin back to the currency. |
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
to provide a definite income and do not do anything I think investing in bitcoin mining. bitcoin mining is NOT the as profitable as it used to be. The cut-throat competition, electrical charges, advanced hardware, increased level of difficulty in mining has rendered bitcoin mining lesser profitable. If we look at these challenges at next few years then you could see that mining look more and more pale option for profit making. Steady income in bitcoin is something rare commodity. There are few which are offering some returns on the bitcoin kind of like fixed deposit. Again these may be fraud who knows. I would focus on steady income from some sources other than bitcoin or for that matter cryptocurrecies. |
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I consider the reason for China to ban ico because this country has planned strategy in marketing system later so that government can get big advantage and can improve prosperity of its people in a relatively short period of time.
One of Major reason is millionaires and billionaires from china are moving wealth out of country to same safe places. The fiat currency transfer is limited thus these guys are moving their wealth via cryptocurrecies. Now China govt is not letting go their control so easily thus they have came with restrictions and ban. It may be possible govt is looking for big benefit.. long shot. Now largely chinese influence on the bitcoin prices is faded and bitcoin is standing stronger on its own. So we don't have to bother much about the china now. |
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a little bird told me recently and mr Bhardwaj is setting up a btc/crypto exchange in india... use @ your own risk.
AFAIK he is going after the so called "ether mining" instead of the bitcoin. It is pretty straight forward. When he started the so-called "bitcoin mining" contracts bitcoin was at $250 and after that it reached $12k which dragged more and more people to this scam. Things went spiral after bitcoin price went to moon with $4000. At this time, he simply refused to pay in bitcoin instead created faku currency . Started supplying mcap to investors what higher rate. That person would get mcap at rate $8 and at time of selling the rate would be $2. Straightforward $6 loot. One thing for sure, this fella will stay away from bitcoin for sometime. |
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Maybe because their share in cryptocurrency is just 10 - 15 %... IF you remove them, that percentage can easily be patched-up. So come to think of it. Every moment, more and more countries are adopting the cryptocurrency because it is the trend nowadays... It is just like social media... When social media was introduced, mixed emotions were felt, some were excited, some were afraid because of the "PRIVACY" thing. Now that many people/countries are accepting or using it... CHINA will eventually succumb to the trend. I bet not for long, they will start to use this currency again....
But it is not as simple, governments love social media since people expose their complete lives there and governments can keep track of their citizens that way, bitcoin is the complete opposite of social media, bitcoin allows someone to hide their income in plain sight without the possibility of freezing or confiscating that money and that is going to drive governments crazy and some may even ban bitcoin because of it. Hmm... Bro, this your line of thought got me thinking -" bitcoin allows someone to hide their income in plain sight without the possibility of freezing or confiscating that money and that is going to drive governments crazy and some may even ban bitcoin because of it." This is exactly true. When government realizes that some crooks in illegal business or politicians starch money in bitcoin, they might go after them, thus leading to a debacle in bitcoin. This could lead the government to start looking for means to stop the looting and this could affect bitcoin. You could be "hearing "a death penalty for operating a bitcoin / icos account . As far as privacy of property is considered then monero does way better job in hiding trails than bitcoin. That is why monero is so popular in high-privacy circuit. Primary focus of bitcoin was not the privacy but making currency concept powerful. Tracking bitcoin transaction is indeed a tedious process. Coming back to China influence issue, chinese effect on bitcoin market has been rendered to less significant. Proof -> China has banned trading of bitcoin since last year and more effectively february this year. See the price trend since that time. Not much of effect. In fact countries like Japan have accepted the bitcoin and other countries are also following the trend. Thus those days are back when china was the force to reckon with in the bitcoin market. New powerhouses have been established and major financial players are entering in the lucrative market called bitcoin. |
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The government might put a tax on btc if they want it to help in their country.
I think that's not good.
the bitcoin can not be arranged but why it will be taxed, it will be difficult, maybe the tax is the income and the sale of currency difference can only be run, but if bitcoin it will be difficult because the wallet can be changed or hidden The fundamental problem on taxation on bitcoin is the way different government sees it differently. This makes different type of taxes being levied on bitcoin in different countries. For example AFAIK Israel recognized bitcoin as a property. And thus they have levied property tax on it. [1] And at same time countries like India income from bitcoin is taxable under categories like capitol gain. Unless countries see as a currency, there will be different tax in different countries. you could say this is disadvantage of being decentralized currency where no one owner. Of course you could hide bitcoin offline, but that would be considered as willful tax-evasion. So stay away from felony. https://www.coindesk.com/israel-may-gearing-tax-bitcoin-kind-property/ |
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Hey, just watched Interview with Steven Polyak, it is really good that your project has stayed away from the quasi equity. Are you going to post more content on youtube for advertising?
Good to see such unique project.
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Hi
I am new in this forums joined long back without posting anything here. I joined coinbase wallet as someone told me and apparently readed some threads about zebpay, coinsecure, etc.
I want to know which wallet is best for withdrawing to Indian currency and their rates etc. I had to get some money from bounties and want to test how much will get after all fees, so please recommend me a wallet if you done transactions.
Coinsecure is good though recently there were issues regarding the withdrawal process. They were upgrading systems or something like that. Coinsecure is in crypto for long and has earned its spot among top bitcoin exchanges. zebpay is also good however difference between buy and sell way too much. There are other exchanges as well who could transfer bitcoin to the fiat currency. |
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It will be bit difficult to scale the ath soon. However given track record of the bitcoin it is not impossible. Currently some major players are entering in bitcoin world with full fledge (read jpM) and they would try to create the FUD among the bitcoin world to gain from the momentary dips.
Drastic fall is not expected but some ups and downs will be observed given the situation is kind of unstable.
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Entitiess like JP are known for their greater abilities of manipulating the markets as per their benefit. They easily manage govts, market rise and fall thus they have firm grip over that financial area. Biggest problem for these companies is that they dont have much control over bitcoin world and they might be bit late to join this bitcoin party. Thus they want to create the fear uncertainty doubt in bitcoin world. Thus creating artificial falls and then make profit from it. thus it is better to ignore these kind of threats and keep on working with your bitcoin life. |
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Bitcoin is not a currency.
It’s too volatile to be used as a currency. Nobody will use it to trade if it can gain/lose 10% in just one day! And it’s not just a question of maturity, it’s a design issue. The quantity of money flowing needs to be in line with economic growth. It cannot be constant or follow a predictable function because economic growth is more complex than that. You need some form of intelligence, human or artificial to calibrate the quantity of money. You need some sort of feedback loop to offset unpredictable human behaviour storing currency. Ok central bank gurus have been screwing us but we have to admit that they have maintained inflation within boundary.
Bitcoin is not a store of value.
Like god, silver or any currency Bitcoin is not a store a value because it doesn’t pay any dividend! Don’t make that mistake. And actually it’s worse because it’s actually an asset with negative interest rate! It has a very high burning rate with miners burning millions every day just to maintain the consensus! This is pure value destruction and I’m not even speaking about the environmental cost. You have to see mining fee as a powerful gravity force, the higher Bitcoin is the stronger the force to bring it back to ground level! And ICOs are another form of burning fee. Most ICOs are scams and you will never see back the money they are burning.
So what is Bitcoin?
It looks like a scam, it smells like a scam, it’s definitively a pyramid scam. Given human appetite for gambling it could still rise much much higher at some point it will collapse with or without regulatory help. At the end Bitcoin is a great experiment but a failed experiment. Yes we need an alternative to central bank but Bitcoin is not that alternative.
* First two sentences are correct. HIGH Volatile nature of bitcoin made it a lesser currency and much of investment instrument. Next lines are of pure non-recyclable garbage value. You admit that So called Central bank gurus screwing this world royally. Just because they have maintained inflation within boundaries does it give permission to screw entire society? No, it does not. * Bitcoin as a crypto-currency is a store of value. And does not have to yield any dividend like gold, silver because bitcoin is a CURRENCY and currencies do not yield dividend. Investment instruments like stock, real-estate, commodity, fixed deposites etc yield dividend. Get your basics clear before sharing an opinion. * Bitcoin is not a pyramid scam. You have shown your level of ignorance by concluding bitcoin as pyramid. First read and understand what is a pyramid scam, then understand what is crypto currency. * Stop creating spam threads. |
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Hello, I would like to join the campaign. Please accept me.
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Dear at least read some of previous comment before showing your interest here. This campaign has ended weeks ago. If you still wanna join this campaign then you could join it. Just remember no Moderator gonna pay you anything. |
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The best time to buy was several years ago. The second best time is now.
I'm pretty sure that bitcoin will reach another highest value in this year. Imagine if Chinese exchanger also operated once again afer being regulated , this will be a great / positive toward bitcoin value. I'm usually spend my monthly salary for investing bitcoin without any doubt because I've trust bitcoin over 3 years and keep counting until now There was a time when chinese exchanges were THE factor in bitcoin price valuation. This has changed a lot since. Since beginning of this year, chinese btc markets are not actively participating in bitcoin and still bitcoin world has reached new high. China regulation may affect positively and will see more and more positive changes if china govt does it. |
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I guess that by "now" you mean yesterday.Every time is the best time to enter in bitcoin.
The price crash is over,but the price is again under 4000 USD.That doesn`t matter anyway.
I see many threads asking "should i buy now" posted by newbies,but you are a Sr.member,you should have more experience here.If you have money and want to buy,just buy ,don`t ask.
Don`t seek advices about what to do your own money.
* It is not about the 'whether I should buy or not'. I've already executed my plans and I've my strategy in place. This settles experience and ranking doubts. * Main concern here is even though the crash is over prices are still under $4000 and there is fair bit of chance of it reaching ~ $5000 range again. Thus we all could benefit some more at this moment. * Thread subject like this may help who entered in bitcoin world recently and are not sure about price swings. It is not always about you, your benefit but benefit of others as well. |
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Delay is one thing and no reply, communication is another thing.
I guess the joke is on us.
Benson is chilling on his island, enjoying all his lambos.
In previous phone calls, they had told that they will give us our BCH, the exchange just has used all our BCH for their lambos and island.
It is the fault of us people of India that we have given high place to Coinsecure.
This should haunt them.
Coinsecure has been facing delays in its operation for quite long time now. One thing is clear though they are one of honest people in bitcoin world. With that said, customer support is still lagging more and more. Hopefully the explanation from Benson would help their customer like us to understand what is going on and what to expect. AFAIRC Benson has already put notice about moving coins from coinsecure when bitcoin-cash was about to kickstart. |
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they have to experience it to know what to do next time
Smart people learn from other people's mistakes, they don't have to make their own. In any case a person who panic sells when the price drops from $1000 to $500 will also sell when the price drops from $10k to $5k. Some things don't change. Correct. Smart people will try to take advantage of price fall as well. They may sell bitcoins when price is just started falling (more than 7% to 8%) then when their anticipated lower limit is reached buy again this time more coins at same value. Of course this all depends on how good one is in trading, market analysis and luck. HODL is anytime great strategy for withstanding against loss. Its benefits are long term. HODL is not for panic-sellers at all. |
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Well, every time it goes down is a good time to get in. Still, if I'm going to invest a substantial amount of money in it, I'd probably wait for a few more months. The technical bits don't make sense to me since I'm just in for the money but it appears there still seem to be unresolved issues about the block size. I read in the news that whether it would be increased or not would be on November. If I am convinced that I'd invest in this no matter what, I'd probably wait till then to see if there would be a larger price decrease. This is one way to look at it. From other point of view it looks more productive time for trading. Since bitcoin entered in the recovery phase it is slowly but steadily about to entering in $4k club. As far as November is concerned there is one and half months (roughly) of time is in hand for trading. Anyone in trading or alt-currencies trade or other(gambling) can move the bitcoin temporarily in fiat if possible. |
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what's happening in the bitcoin?? Why continue his descent? should we Convert bitcoin in php?? Im worried for this, my bitcoin is still down,
MAKE OR BREAK Bitcoin price is heavily influenced by China's newsl these days. Will the rest of the world manage to lift it up? for me, just......HODL!!! At this moment HODL is the better opportunity if you are already had not converted the bitcoin to fiat currency while downfall was just started. In that case it would have been much profitable to just buy selling at high and purchasing at lower rate. We all have great trust in the pricing. As far china thing is concerned I think it is happening for betterment of bitcoin world. Because once for all bitcoin world will get out on its own without having monopoly of one country. if btc manages to get out of this (which it will) then it would set great example of how bitcoin has it's own strength out side china or for that matter specific one country. |
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