Looks and sounds good! However, what's you plan after it?

I mean, are you going to create a full fledged documentary on bitcoin? Or is it just this one video?

If you are good in video editing, probably you can consider making a full documentary on bitcoin. Information is freely available in internet, just need to create a visual representation.

Does it really matter? No, not really! Probably such self-proclaimed critics can influence some very minor percentage of bitcoiners who are new to this space. But those who are associated with bitcoin since a long time, don't really give a shit to such critics. In my long association with crypto market, I have seen hundreds of such crooks who come and go, but bitcoin remained unharmed and untouched by such critics.

There were only two incidents where bitcoin was really affected by such critics when JPM CEO Jamie Dimon and Berkshire Hathaway Chairman Warren Buffet criticized bitcoin. But the market quickly came back on track and never responded to their comments thereafter! We have made ourselves secluded from such critics and their comments.

That's the only ray of hope right at this moment. Even Oxford university has started human trials of their own vaccine.

https://www.genengnews.com/news/uk-starts-oxford-coronavirus-vaccine-trial-as-germany-green-lights-clinical-trial-for-biontech-and-pfizer/

Currently, only Plasma transfusion was proved fruitful against this virus. But the way it is ongoing, it seems like the virus is going to stay for long. Some specialists predicted that the virus will show its presence up to October this year before slowing down. We can't really do much about it. But we will have to adopt a new way of living post this pandemic.

But one thing is definitely going to happen. We will see a fresh surge in e-com businesses around the world. People will be more interested in buying from the comfort of home instead of going out. So there will be new opportunities opening up for the IT and logistics professionals in the near future. But these are all we are assuming tight at this moment. Let's just hope for the best for the humanity!

Clear tax has made this calculators based on assumptions as there is no official rule is present in India about cryptos. I see they have taken capital gain/loss route which is probably the ideal way because majority of the crypto users are HODLers. However, if someone is earning bitcoin through freelancing work, the calculation will change. Like, I earn from signature campaign and few more affiliate incomes and content writing incomes, so the capital gain rules is actually bad for me. We can disclose this income under 44ADA of tax rules. It is specifically designed for the freelancers and especially helpful if the income is less than 40 lakhs every years.

Do a little research on it and you will see the benefits around it. Also don't show any income on your crypto holding until and unless you are converting them to INR. There is not tax regulations made in India to hold cryptos. So doesn't matter how many bitcoins you hold, show only how much you have converted.

There are number of reasons why bitcoin is not adopted by mainstream businesses. But we will also have to remember that bitcoin is just 11 years old and the kind of appreciation and adoption it has already seen among the world mass, is enormous and very encouraging. But we still have a long way to go. Let me point out few reasons which I think is hindering the progress of bitcoin towards mainstream adoption,

1. Price volatility -  I believe it is one of the primary reasons why bitcoin is still have a long way to cover. While the price volatility makes it an wonderful asset for speculators, at the same time, it fails to capture the attention of the mainstream businesses where price volatility is a big business risk. Probably fortune 500 companies can sustain such volatility, but not the marginal business sector where profit ranges anywhere between 3% - 10% on products/services.

2. Government regulations - It is another big reason why bitcoin has not received much interest from the organized sectors. Such businesses usually don't do anything that is not permitted by their government. So they always look up to their government to regulated and make bitcoin legal. Clearly, majority of the governments have not done it yet and that's what hindering the adoption among the organized business sectors.

I believe these two are the biggest reasons of the hindrance. However, I strongly believe that bitcoin will start gaining traction towards a positive way post this covid-19 situation. Let's hope for the best!

Every gambling game is risky if you look at it from the viewpoint of making money! Every gambling game is nice if you look at it from the viewpoint of entertainment. So you have to choose the boat wisely before setting sail. Personally I have played few times in Bustabit and made nice money - probably because I never tried to be greedy! but it all depends on you and your risk appetite. Try to keep the multiplier less than average and you should be good to go! 

The willingness of US government to step out and help their citizens is a rare sight to see nowadays. I am not sure if all these are happening due to the upcoming election or not, but such kind of stimulus is actually helping people. It may have a bitter impact on the value of dollar at a later stage or even the economy will probably take some time to come back on track - but US government is really doing what is needed during a pandemic. It is ensuring that their citizens are not starving and not becoming homeless due to this situation. If I look at it from humanitarian perspective - it's positive!

An asset that much volatile like bitcoin, can never be considered as a safe heaven! So you can strike out that possibility, at least during this uncertain times! However, people with deep pocket and liquid savings in hand, may consider investing in bitcoin and other stocks because the market is suffering a huge downturn. Majority of the stocks are being traded at the optimum low level, so it is the best time to enter a traditional stock market with short/medium term outlook. I personally have bought a good amount of stocks during this time because I saw them trading at 1/3rd of their actual price!

But again, it is also possible that people with good risk appetite may enter the crypto market during this uncertain time because we have stimulus waiting to happen - the upcoming halving. The current scenario is really confusing at this moment and anything can happen! It's very hard to determine the psychology of individual and institutional investors!   

Bitcoin doesn't make noise in the market. It addresses the market so that altcoins make some noise by following its route. Indeed it's a pleasure to see that bitcoin going past 7400 level. But due to current uncertainty, it will be hard to maintain it!

There has been few news around that US people are buying bitcoins with the $1200 help money that they have recently received from the government. I don't know the consequences they are going to face later on, but if it's true then the market is probably responding to this event!

Election is a billion dollar industry! It sounds dumb but that's the truth! It's an industry to manipulate people to ensure power mongers retaining their power to rule a so called democracy.

Blockchain can beautifully solve the issue of manipulation but it can't remain decentralized in any way! Blockchain can ensure transparency in the election process but there has to be a central authority who will ensure the transparency parameter is not compromised and to declare the result. The anonymity factor must be retained within the blockchain for the general mass but not for the centralized authority. That can be achieved by creating a private blockchain with customized set of rules - probably a programmer will be able to share technical side of it.

But the issue is that, because of the transparency factor of blockchain- majority of the nations will not allow its implementation! This way they will loose their power to manipulate the system! Especially in countries like India where democracy exists on the books only!

And how do you conclude that the above mentioned parameters will denote an ideal currency?

What about speed? What about stable value? What about fair distribution?

An ideal currency doesn't exist in real world and bitcoin is not even close to an ideal currency!

The House of Representatives is going to begin deliberation on the passing of a new stimulus package. After $2000 for 6 months, there's a new proposition for free rent and zero mortgage payment is on the table!

- For all Americans
- Applicable up to March 2021
- No negative credit impact
- No accumulation of debt

Reference: https://www.youtube.com/watch?v=swiKYRU-oIA

Next subprime crisis is on making? Voice your opinions!

May not be true for every project. Covid-19 has done more damage than expected and the entire world is going through a very uncertain time. A business idea that may sound great before Covid time, may not sound good enough post that. It's just not right to generalize things!

Also it's hard to find a good project worth talking nowadays!

It's a future scam most definitely! If the airdrop is locked and the users need to pay to the network to unlock it - makes no sense! Such kond of coins don't have any utility in real or crypto world. Just the owners of the coin will make some money and run away.  Nothing great is expected out of such tokens other than siphoning money out of investor's pocket!

Indeed oil price has taken a deep drive and reached to the lowest level in last 22 years. However, majority of the countries have not seen a single penny less. The reason is simple - government taxes! It's an opportunity to the government to increase the tax on the oil price to fill their own coffers. I can give you a simple example of India. The news is a month old but it would give you a clear understanding on the tax bifurcation on oil.

https://www.mycarhelpline.com/index.php?option=com_latestnews&view=detail&n_id=417&Itemid=10

Hope this helps!

No! It had reached to negative for a short moment and then again gone up. Currently the BRENT CRUDE is trading somewhere near to $16/barrel. However, this is also not a sustainable price so millions of jobs will be lost for this as OPEC countries will have to stop oil product to balance with demand, which has reached a record low due to the current situation.

But we will also have to understand that the situation is not permanent. As soon as the world comes out of the lockdown and the industries start their production - the demand for oil will come back to normal. Once demand increases, the price will increase as well.  


No for bitcoin! Bitcoin is not a traditional market asset. It's a good amount of production cost as well. In view of this, I don't see bitcoin going to negative value ever. A blanket ban can't be achieved on an asset like bitcoin, it has its own technical complexities!

The 2nd one is more serious and can't be entirely impossible! However, there's a chain reaction we need to understand. If we see existing bitcoin miners are moving out of mining, it would reduce the mining difficulty and it would give chance to another group of miners to jump in if the network difficulty reaches to an optimum level. We will never see a complete stop in bitcoin mining ever. There will always be a group miners waiting for an opportunity to start with mining provided it is profitable to them. So if one set of miner moves out, there will always be another set of miners waiting to enter the market. So while the 2nd option is not entire impossible but extremely unlikely to happen!

Hope this helps!  

Gambling is a big source of tax income, Just like Tobacco or Alcohol! When the economy is struggling to revive, such kind of activities will fetch much needed tax income to the governments. In light of this, there may be a possibility to make online casinos legal. But that is not necessarily a threat to the conventional casinos because conventional casinos depend more on tourists rather than the local crowd. Conventional casinos are all about experience while online casinos are much needed mental relaxation. Both belong to very different league!


In continuation to my above comment - there will be no replacement. We don't really know when the lockdown will be over so people will be finding ways to gamble while sitting at the comfort of their home. Offline casinos will be back to the business once the global tourism industries are back on track. Both will remain as it is for different segments of customers.

Initially we all thought that COVID-19 is not impacting bitcoin. I remember having few arguments about it as well. However, the situation we are currently living under - it's impossible to ignore the impact COVID-19 is having on every areas of our life. Cryptocurrency is not exception anymore. I do agree with all 4 points you have mentioned here which is generally affecting the price of bitcoin or any other cryptos. Bitcoin will only start showing signs of recovery once people have surplus money in their hand. As of now, world is facing a severe financial crisis and we don't know when we will be able to get out of this situation. This uncertainty is definitely hurting the growth of cryptos in a holistic manner.

Having said that, I strongly think that it is more important to stay fit and healthy at this moment. Money will find its way at a later stage! Stay at home and stay safe!

If I convert £400,000 into my local currency and deposit in a bank for monthly interest, I would earn more money than my salary at this moment. I would be able to pay off my mortgage loan as well as my car loan faster than ever. So it completely makes sense to quit gambling with the same money that he has earned out of sheer boredom. That's not self-control, it's called good practical sense!

As far as I know Olymp Trade is not scam. They are into binary trading which is more like gambling. However, it's always better to check the user reviews because it usually gives crucial information about any platform you use in Google play store. I have it installed in my phone and tried trading using their demo account to learn and understand binary trading but never deposited any single penny. So it's better if you can check the reviews before investing real money into it.