Dollar cost averaging is the problem here. You are right about the situation because both prices are moving with respect of USD, therefore the change in amounts of DOGE. However you can intermediate this by using USDT in the middle.

Meaning you sell bitcoin>USDT when bitcoin is high in price and use the USDT to buy DOGE when DOGE price is low. It is a two step process and will take time and the chance might get lost in the middle but it is the best way to conserve your assets when trading.

You can also sell BTC directly for DOGE, but you have to keep the current USDT value of both before executing that. When it drops from 100>90 yes you are spending more BTC per DOGE. So you have to patient till the opposite happens.

Good job posting this, I hope people who are using telegram for crypto related chats are now made aware of these scams and easy money making clickbaits. It is sad to see these still propagate through such networks easily, but can be reported quickly though telegram itself. (Right click/three dots>report)

Their location on their Contact page contains some local law offices and a delivery service office. A local resident might be able to clarify and certainly squash this scam to smithereens.

To anyone else reading this, if you found out about this site from any source, please do not spend any money there. If you got the link from a "real" friend, warn them, if you got it from some online account/username, block them.

Mate, let me just give you a general idea not specific to PiNework or anything, there is no official or government led regulatory body for the cryptocurrency niche. What we have like SEC is non existent here.

You have to decide on your own whether something is worth putting your money into. Now let me make this clear, 99% of the projects that are pitched are failures from the start. They cannot generate any inherent market or bring anything new and useful to the table - most project are just bringing old concepts in new names and then going bankrupt. The investors get tokens for funding that project when end up with zero value, essentially a scam and one in which you have no power to go legal.

Now coming to specific details, it is better to keep your VC/Angel investor dreams to yourself if you want to keep your money safe. Invest in bitcoin at lower price but not in any shitcoin like this one. You will regret the second choice after a few years.

Both CRED and WazirX are Indian startups. Considering how much the Indian government has been negative over crypto but positive on blockchain technology I am not sure where this will end up. But it is good advertisement for the companies running them and getting heaps of app installs and signups on their platform.

I am sure someone out there will end up winning that amount, but will be they be paying taxes? You are taxed for every monetary win be it lottery or even the KBC competition. Till date the RBI has not given a hard and fast guideline about taxation on crypto earnings - so that is another point to consider.

It will be an interesting thing to follow up though.

Since you have already done it then there is no going back.

The current situation in India is pretty poor in terms of the pandemic, so Indian stocks are and will drop with time in the next week. You could have bought then at low and kept holding them for profits in the next few years.

On the other hand crypto might seem a good option but you are forgetting one basic concept of trading that is going ALL IN in any sector is bad because you have no other method to manage your risk in case that asset class drops in value.

2 years of stocks trading is little time to reach a conclusion. I would personally advice you to rethink your decision. Distribution of funds into different asset classes is important. Both bitcoin and stocks need to be owned if you are diligent enough. However choice is stocks is also important there - FMCG, Utilities, Financials will have a demand in this pandemic - you could still get into them this Monday, if the Sensex crashes again.

Take this decisions wisely, not emotionally.

The Tax policy changes by Biden is being said to be the reason behind the crash.

Although my opinion is that such news bring about the obvious need for a correction in an overbought market. It is natural and should be carefully taken advantage of. This drop is temporary and those who have not be able to buy because price was as high as 64k USD/BTC, should take the opportunity to buy at this lower strata.

One might not want to buy right away but wait for even lower prices which is logical as well.

The use of indicators is limited. TA is not always correct but there was the probable indication of a drop due to any reason because the asset was overbought. You can use any indicator you want, there is no hard and fast rule about them. But what actually matter is your ability to use the market movement properly. You buy at the FUD and sell at the FOMO - no indicator will help you to that extent. Those decisions need to be made by your skills.

Additionally their twitter profile page is also a month old.

They even made some pages in the name of "News" but are not News at all, but information about referral system and offers.

No team information, not even the fake roadmap and fake testimonials that generic ponzi scam sites usually put up on the their site. Only thing good is their site design but I am sure some people will get fooled into this.

Opening a flag on the account here - https://bitcointalk.org/index.php?action=trust;flag=2735

It can be anyone who is selling their bitcoin. Any random user like you me, one who has bitcoin with them can sell them. Minting BTC is only possible from mining and getting the block subsidy. Owning BTC can be by buying it or earning it from someone. That is why the miners generate a lot of liquidity to the market until the maximum minting of bitcoin is completed, after which all the bitcoin is the market will only change hands no more BTC will be mined and injected into the supply.

The owner of bitcoin is none. Bitcoin is people's currency. Satoshi does not own all the bitcoin that is minted by miners. Satoshi only owns those coins that are in the private keys that they control. Similar with anyone else's bitcoins, the private key that you control, gives you ownership of those coins.

Which is right, we dont want this to become a kangaroo court.

Satoshi kept their identity concealed but they did not sell a shitcoin to the public in exchange of their money. That is the biggest difference between these scams trying to use Satoshi's words as their ideal only as a coverup for their scam. We have seen this on previous scams as well, nothing new. Many DeFi projects recently ran token sales where they counter questioned people who asked about their identity with this statement.

Flag supported and dont forget that their threats are only words. None of the threads here are warranting removal by mods, if they wish to report it, let them do it, we have been here long enough to know these rules better than them.

Also dude, you need to learn how the network fees work first before becoming furious and venting on a forum thread. The current situation of congested network has led to an increase in the average fee, but that does not mean that you have to pay that fee. But there is a downside to that.

Commonly the average fee is the estimated fee that can make your transaction confirm within a short period of time. If your fee is low, you have to wait a long time, it will eventually get confirmed - Happened with me a few years back when I cheaped out on the fee and had to wait 1week for the confirmation. Luckily it was not something essential for me, so I could wait.

Blockchain has some fixed fees, but you can try the desktop wallets which allow custom fees if that is what you intend. Be aware that low fees on a congested network means higher waiting time to get it confirmed.

Someone sells those bitcoins to the exchange. There is where the "Liquid pool" comes from. If there is a dearth of the sellers then the price of bitcoin will go up and the exchange might stop bitcoin to other conversions for a period of time.

The only way to "mint" is to mine it and exchanges dont do that. Besides the miners who are into full-time mining are often found to be selling away the bitcoin that they get as block subsidy on top exchanges and therefore the liquid pool of bitcoin remains in place.

The reason why miners sell their coins is because they need to ROI the investment which they started as mining - reason why today mining is a such a competitive field and indie miners have no place.

However to prevent the miners from over selling and making the market crash there are the halving points where the block subsidy is halved with each event and this keeps check on that dump.

Correct, this is a risk based speculation market. You bear the risk and reap a reward in case you make the right move. Risk can reduced by doing research and timing your buy/sell but it cannot be made zero.

Profitable investments dont come just like that. Rather they grow with time and most people fail realize it before it goes out of hand. Just like Bitcoin when it was three digits and today it is five digits in price.

Awareness in the market is good, but knowing when to buy and sell are important too. Someone going in at long term need to target a very low price comparing with the last few years charts to determine support/resistance levels. This basic homework is essential for a trader or investor.

Even with altcoins, the awareness in the market and day trading aspects are very much real. They are more risky then bitcoin, profitable of course but chances of one getting washed out is way more.

It is not success, it is called paid pump and dump and you will never be able to catch those and make profit. In reality no retail trader is actually able to do that.

What happens is that some shitcoins out there get promoted by media influencers on social media and the price rises like anything without any inherent reason behind them. This is done by the influencers to make money off the market and sell that shitcoin to the members who are only brainwashed into buying it.

If you have been holding that coin from beforehand, that would be the best point to sell and NOT buy. Because once the price stops rising, the ones who promoted it, will sell their share of coins and make the money while the one who were brainwashed to buy it, are now stuck with piles of that shitcoin ranged at a price lower than the buying price.

Do your due diligence from this, I am not making this up, it is what happens with many altcoins everyday. If you want to make money you have to focus on bitcoin and buy at low prices. FOMO is the thing to avoid, FUD is the time to buy, that too bitcoin, not altcoins.

Since you ask for buying without a need for an account, you have to go with P2P trades in this forum. Check the "Currency Exchange" section under Marketplace to seek out possible traders who have their threads running in that section and are offering trades for LTC in exchange of Paypal fiat.

But please deal with someone who has a high number of prior feedback and use an escrow to mediate the trade. Do not send first to anybody except the escrow. You dont want a simple trade to end up as a scam but this is very common in this forum since scammers lurk these sections.

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I would also suggest you to check the exchanges where you need to create an account but can run a non-kyc account with limits to trade. By far, it is one of the safer methods to trade and you will need that in future. 

Since the last day price has been in the 50k ranges again.

Like I said in my previous post, miners will sell because they are in for the profit not for the technology. That was back in 2010 when indie miners existed and used their CPU and GPUs to mine instead of playing games on them. Some miners might be an exception but the majority of them are doing it for the cash.

Hence corrections will happen and the price will fluctuate. Until the next big news comes in there will be a soft-cap at 60k USD and that will be a selling point. Crossing this level can happen if another bullish news appears or some country sets up more liberal laws about crypto. But defenitely not the miners holding their BTC, they will sell at profit.

This have become the modus operandi for many scams that have been reported here. Using some older projects whitepaper with altered names to make it their own.

I hope the scammers are having the guts to owe up to their mistake and not claim like others that the previous project was sold to them or that their whitepaper writer made an error. Error my rear, copy pasting is not a error it is an illegal thing to do, but this is crypto where no legal system is there to punish such criminals.

Newbies reading this thread should be aware that the project being accused here is a scam and therefore they should not invest in it. This forum's members have been catching scams for a long time now and so you should be advised, instead of listening to the owners of this scam, protect your own money first.

Old, less-tech savvy users are prone to fall prey of these sites. Fancy site design and numbers going up make them put trust on these sites. People who are more experienced about them are not the targets of these scammers, the newbies are their target.

And the flow of newbies in this sector is regular and thus the scammers get what they want, money for free.

The only way to keep making people use their logic when encountering such topics on the forum is using the trust system properly to tag and flag them.

I have opened a Type 1 flag on the accused. https://bitcointalk.org/index.php?action=trust;flag=2711

If they do create their own currencies then that would be to prevent illegal transactions and not promote them. Use some common sense here, since governments know bitcoin becomes a safe haven for tax defaulters and money laundering, they would try to prevent that by stopping the use of the latter and then catching those criminal out.

So criminal activity would ideally reduce. But then those people will try to find out other methods to access the bitcoin network again. Honestly this is not completely possible since banning bitcoin would mean stopping electricity supply but running their own digital currency means again starting electricity supply. I am not that knowledgeable on this as to how both could happen at the same time. Running a countrywide intranet? I am sure that goes against the very ideals of democracy.

Binance over HitBTC. Or anything other than HitBTC is good as long your local community of your country is using it. I have seen similar changes in DOGE and other coin prices on HitBTC previously as well.

Since the withdrawal for DOGE is not available, you cant also arbitrage it, meaning buying from a low price on one exchange and selling the same on another exchange at higher price. Obviously the owners are more clever than that.

In any case, you will need to change exchanges and I would suggest you to use a site like coingecko to keep track of prices than yahoo finance.

Fee plus commission? Where did you find such a scheme? The exchanges I have used have a fee for traders called Maker or Taker fee. That is all.

Fees are paid to the exchange but commission? Never heard of any such term. If you explain it more clearly where you found this, someone might be able to work it out. Nonetheless, if it is a centralized exchange the fee is given to the owners of the exchange.

Satoshi, whoever or whatever it is, has got no role to play here.