There is no law which can stop you from selling bitcoin to an illegal immigrant. These illegal immigrants can even buy houses through ITIN route because there is now law that states illegal residents can't buy a house in US. So you are good.

Just ensure to have their ITIN numbers as a proof to ensure you have not sold your bitcoins to undocumented aliens. But I believe you need to have a separate state permission in order to even start operating. Please have a discussion with lawyers before you even start selling to legal people.

Pyramid schemes are like that only! The person sits on the top gets the most money out of it and remaining people get penny compared to their effort.

After some days when the pocket of the top guy filled, just leaves the system! The biggest mlm scam right now ongoing is known as Qnet. Do some Google search to understand how they are fooling people to invest huge amount of money in the system.

I sincerely want the same. I want to see people's increasing interest towards bitcoin for good. But lack of clear regulation is one of the major bottlenecks towards this achievement. With CBDC's implementation, I believe some additional clarity would be given from policy perspective. But i don't really expect a lot here!

CBDC will definitely be easier for the commoners to use and understand. But you have to remember that, CBDC will snatch the privacy rights from you. Probably, that might help towards crypto adoption to some extent.

Let's see what the future holds for us!

All of them are scams! If some professional trader has the capability to trade and earn a good amount of money every single day/month, why he would need other people's money? This is the first thing to understand. The behavior is very similar to ponzi schemes and must be avoided by all means.


Same answer is applicable here as well. If someone has the capability to predict the market, he will use his own money to become rich. Why he would sell it to the public for a little fees?

I am not sure about telegram escrow system. Do you mean it is an official feature of telegram? I haven't seen anything as such!

I don't see anything wrong in that! The willingness of become rich is one of the major reasons for many people associating themselves with bitcoin. Probably a major percentage of the community. What's wrong in that? The people can't use bitcoin in daily transactions for a number of reasons like low acceptability and unclear regulations. Not everyone is fortune to live in countries like Japan or Germany.


Bitcoin is too small to be considered as a world currency. It simply doesn't have the capability of handle such volume. Things like LN, will definitely be helpful in that. But as of now, I see prepaid cards are a very good example of how we can slowly push the bitcoin for better adoption.

It's just a 11 year old kid. Give him time mature!

The news recently surfaced in my inbox,

https://news.bitcoin.com/craig-wright-claims-satoshi-nakamoto-never-used-bitcointalk-to-communicate/

Don't know how to react! The court case seems to taking unexpected twists and turns!

Possibly yes, if the price doesn't increase or remains at the current level. So purchasing bitcoin from the market instead of mining will be cheaper for the majority of the miners. But those who are using alternative sources like wind power or solar panel will be exceptions for obvious reasons.

So to sustain the current mining profitability, the price has to double as the reward will be halved. But if large number of miners go out of the business - no one will escape the suffering! Expect increase in fees and longer waiting time as an immediate result of upcoming halving.

CBDCs can't be a reason for boosting bitcoin's usage or its price. The only reason can be the upcoming halving which would happen in next 14 days. Even if we don't see it happening just as yet, it will definitely work positively post the current Covid-19 situation. The liquidity in the market has to increase in order to achieve growth and with current situation it doesn't seem to be possible!

There are number of reasons why bitcoin has not yet been adoted by the mass as a payment method. Look below,

1. Price volatility
2. Time required for confirmation
3. Lack of clear regulations

While the 2nd issue mentioned above, can be taken care through innovation like LN. There are services like Bitpay and Polispay where ypu can get a prepaid Mastercard which can be used at any POS machine.

But fluctuation and lack of clear regulation remains a challenge till date.

Use VPN and TOR browser. You are done!

It will give you an extra layer of security from displaying your identity over the internet. Ideally TOR browser alone can fix this but just to add a new layer, you can use a multi-city VPN. That's simple!

However, I don't personally support illegal things done on the internet!

Yes! It is one of the major issues. Due to the high competition in the e-com market, all stores are forced to keep their profit margin lower. So it is very difficult to sustain a business with such a small profit market and huge price volatility. 


No! We have big players available in the logistics industry to help new businesses. They are even ready to provide discounted rate if you are just starting out. So logistics is not an issue whatsoever.


Somewhat true! However, we have services like Bitpay, Polispay to overcome such issues. Even LN has already started functioning. So speed issues can be taken care. There is another one issue you have missed out - Crypto regulations. If we leave some countries like Japan or Germany or even US, majority of the countries don't have any regulations around crypto currencies. For majority of the countries, crypto is not even a legal form of money. That's what needs to be sorted out first if we really want to see a big marketplace in crypto market.

I have the same feeling. It only takes a smartphone to mine and nothing else. Everyday you will have to open the app and continue the mining - that's it! I don't see any real life utilities either. Also the web development team is super slow. They took around 7 months to release their node. So I don't see any reason to continue mining this coin. As soon as it is listed in the exchange, people will sell of their holdings and get out of it. A simple mechanism to make money by the developers it seems!

In a country that doesn't have interest infrastructure, probably won't have Visa or Mastercard infrastructure as well. Even with proper internet connection, a lot of countries have failed to recognize bitcoin as a method of payment. There are major countries as well where there is no clear guidelines provided for crypto transactions. In such areas, services like Bitpay or Polispay can bring good changes.

It makes sense because you will have to load the card using cryptocurrency and swipe your card in any POS terminal wherever you want. It brings mainstream adoption closer to the mass. 

Ideally yes! The bitcoin price should go up before and post the halving. However, liquidity is also important at the same time. Looking at the current situation the world is facing, it seems hard at this moment. because the price will only go up if the liquidity in the market increases along with the halving. If we don't see liquidity entering into the market, then the price increase may not sustain. If you want to look at the past price trends, you may look at the below picture,



ref: https://www.coinmama.com/blog/the-bitcoin-halving-a-history/

But please don't assume that the past performance will be repeated this time, because we are going through an extraordinary time.

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!