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AI and Blockchain both ave huge potential to grow in future. Tech Mahindra has rightly understood the potential of both tech and their future scope. Their Investment will not go in vein and will get back with huge return and help them to capture market capital in future.
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Hi All,
From a couple of days i am seeing high prices on zebpay and low prices of koinex which provides an opportunity to make some money via arbitrage. I am going to share a couple tips if someone wants to make use of arbitrage opportunity.
1) Always ensure you have money in both the exchanges so in case you find some coin going down, you don't have to load money from your bank or do a NEFT on the spot.
2) find a considerable difference ( the difference should be good in amount like if ripple on koinex is 35 rs , it should be atleast 55 or 60 rupees in zebpay). This difference has to be seen because once you make a withdrawal from your koinex ripple address, it is going to take some time say 15 min to reach your zebpay. If the price difference is less like say 10 rupees , the window of arbitrage may go. Ensuring a healthy difference will give a better time window to do arbitrage.
3) Always pre-save your ripple, ethereum etc address in both the wallets so you don't waste time copying or doing a mistake transaction.
4) The arbitrage opportunity sometimes happen in odd hours so if you are online at 1am or 3am, you need to check out once a while where you might find yourself lucky.
5) Do not try to do arbitrage with bitcoin even if the difference is good because bitcoin transactions are costly, takes hell lot of time and if the arbitrage window closes you might lose your time and money on it.
The arbitage opportunity is not much seen among Indian exchanges. The price diff which you are suggesting is huge and I have never seen such a hue diff. in price among two Indian exchange. If in case such opportunity strikes, The transaction fees is quite high and after deducting transaction fees, taxes at time of buying/selling make the profit so less which is not even worth of making so many efforts. |
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Rightly said, HODL has destroyed the real purpose of Bitcoin. BTC originally invented as the alternative payment source not as a Financial saving instrument. Rising Price of BTC made people forget the concept behind it and start buying and HODL it to earn huge profit.
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There are four factors driving the price of Bitcoin they are mentioned below:
1) Animal spirits
2) Political risk
3) Regulatory moves &
4) Bitcoin’s governance
DO you think it is correct? Have you any other idea which effects on Bitcoin price?
Trend and growth rate has attracted new users to invest in Bitcoin. Past performance of Bitcoin is term of growth can't be compared to any other financial tool. Many Middle class People who invested in Bitcoin are now Millionaires. Their success story has motivated others also to invest and HODL bitcoin. |
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I don't know..these are also the USP of Bitcoin. Bitcoin provide the complete financial freedom to individuals beyond the control of banks and other financial institution. People all around the world has understand that their so called freedom is pseudo and want to get rid of corrupt govt control.
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1) Animal spirits
2) Political risk
3) Regulatory moves &
4) Bitcoin’s governance
5) Merchant acceptance 6) Network congestion 7) Mining cost associated with electricity cost  Unpredictable hacks There might be more factors than all of this but I think you have covered all major factors in your list, nice list. Wow, we are getting more point. I think we will get more point soon. You are right, although not all are true factors. 9)Security of POW 10)CryptoCelebs 11)TwitterOGs 12)John McAfee Hahah...John McAfee. Good one. It seems like John McAfee is the Warren Buffett of Crypto-world. His opinion has really impacted the market in last few days. But I don't think he has the real capability to drive crypo market. |
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I think Amazon will be adopting Bitcoin as payment. Amazon being a leading retailer chain has well oriented buyer and seller base. Even a news was flashed some days back on forum that Amazon has bought some blockchain domain name and working to launch a platform that accept Bitcoin and other popular crypto-currency.
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Google seems not much positive towards crypto-currency and ICO's advertisement. This is a thing to worry. After Fb, now google banning crypto-related ad. Twitter and forum are main source of advertisement of ICO's and other crypto related world.
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It is not illegal to use Bitcoin in UAE. There is no such guidelines issued by UAE govt. Although UAE does not seems to be much positive towards Bitcoin usage but Its govt remain silent and waiting for decisions of big economic countries like USA, Russia, china to take a particular regulatory step towards it.
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It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online. Money earned from the internet is known as digital/electronic money. All you need to know about digital money http://www.digitalmoneytalk.comPeople who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide. See http://money-talk.orgHow is digital money is your country ?? Bitcoin is a part of digital money. Most of the countries are encouraging digital cash but thats not mean cryptocurrency. In My country India also, Digitalization is very much encouraged and digital cash is now quite involved in the economy but Indian govt. is not in mood of adopting BTC as legal tender. |
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Follow: Done
Retweet: Done
Twitter username : @cypto_freak
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I am sick and tired seeing thread here on legal about the reasons why bitcoin is illegal on other countries. Its about a hundred same topics. So here are my assumptions hope this would help.
*TAXES
- I think its the main reason of all these. Government didnt know how to categorize bitcoin for their taxation whether it would be on a passive income or not because BTC is also a currency. Thats why its better for them to ban it.
*BANKS
- Crypto becomes a threat to them leading investors to invest on cryptocurrencies rather than them. The monetary system also will change if Bitcoin becomes more popular than fiat. Central banks, which is a part of the government would make some inforcements to stop this.
*SCAMMERS
- This is the good side of all this illegalizations, to protect people from increasing number of scammers on the internet. But if that so, its not a reason why they would stop people from achieving all opportunities bitcoin would give.
Correct me if im wrong, but these three are the main reasons why i think bitcoin is illegal on other countries
You got a good conclusion out of all same shitty posts having same content inside. Govt. do not understand how to tax Bitcoin and other anonymous cryptocurrencies. It is difficult for them to control it but if made illegal it can become a popular source of wealth hiding or money laundering. Banks want to adobt blockchain tech. but want to avoid cryptocurrency as tech. behind it can help them to their system easy and cost effective. Scammers often collect huge amt. of money from crowd for project development in form of ICO's and then run away. It is a good side if such crowd funding would be regulated in interest of investors. |
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Investing in Bitcoin is one of the finest examples of Smart Work. People who recognized the opportunity at early stages and invested in Bitcoin had made a huge profits till now.
In this era of digitalization, Hard work does not really pay well. Even phone are smart now, so we also need to be smart now.
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Banks and crypto doesnt have good terms. Thats what most of us think. Would it be better if there would be this kind of “bitcoin bank” where has the same function of bank but all transactions would be based on crypto ? For example
*you can buy or sell cryptocurrency legally ( because central bank approves this if ever)
*you can have this kind of secured crypto savings account who doesnt get hacked
*you can loan crypto for initial capital investment for trading and others
*you can send crypto to someones account limitless without fees.
Is this even possible? What would be the effect if the government impost this?
There is no need of any such institution called 'BANKS' to perform any of functions. we already have secure crypto wallet address which serves the function of a saving account. Now many new ICO's has come up with their decentralized loan services. Coins like NEO etc do not charge any transaction fees. All just need is to make it legal. Rest all the infrastructure is ready. |
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What I understand there are 2 reasons behind the high price of BTC:
1. High demand and limited supply
2. BTC is trending: It has become a trend to buy and HODL BTC. High demand is created because of this trend. There is optimism created in the market that BTC will go to moon, after seeing its past growth.
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Seeing the correction from $20K to $6K...I don't know how relevant is this statement. I think to smartest way to earn profits is to but it at various price levels and also sell it at various price levels. This will definitely give you better profits in a long period of time. It would also not block your capital for longer time and will give you returns from time to time.
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Crypto is providing all new opportunities to invest. People from asian countries like India, Japan, Russia and China are aggressively looking forward to invest in Bitcoin and other crypto-currencies. Some countries like Bangladesh, Nepal etc are against it. But we need to understand that they do not have much developed economy as compare to these big countries so their Ban does not make any diff. in world Crypto economy.
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Bitcointalk Username: SixofFive Spreadsheet No: Twitter Account: https://twitter.com/cypto_freakWeek#: Twitter Links: 1.<date> <link> 2.<date> <link> 3.<date> <link> and so on.. |
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Yes charts do give a idea for future movement of cryto or stock prices. It helps to understand the trend movement and by understanding various pattern formation, you can predict the future price movement.
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G20 submit held in Buenos Aires Members the board seems to be quite positive for crypto-currency. The G20 Financial Stability Board said there is no threat from crypto to world economy at this point of time. Through regulations on crytpocurrency seems to be not important at this point of time but Projects like ICO should be regulated to protect investors interest.
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