Still, I would say that the userbase of crypto in India is pretty low, even among tech-savvy nerds. It's a really small niche and not a lot of people know about it, its just "some technical payment thing" according to most media. Recently I've been seeing loads of Indian articles regarding how bitcoin is used for nefarious purposes only, how scammers use it, and how it's a bad investment as its price is so unstable that its will just crash down to the ground one day. This is ridiculous. A lot of people don't really know what it actually is, and the media feeds them loads of bullshit. It is promoted as a ponzi/HYIP scheme.
I have seen some investors talking about bitcoin, but never directly on TV media. The crypto-prohibition by RBI certainly didn't help, even after being reversed, the general consensus is still "bitcoin is a scam". The pandemic has certainly urged more people to get in on the hype buy investing in something, and that something, for a lot of people has been bitcoin, but it is still a very tiny number among the population, if we look at the bigger picture, and had it not been for the media, this wouldn't have been the case. Although, I'm still interested to see where this goes and advances the bitcoin community as a whole in India.
Good things take time. Although the image of bitcoin has been really down not just in India but all over the globe, many people have started to know what bitcoin actually is. The number is still very low in India but it is increasing every year. The trading volumes in India have drastically increased since last year and this will increase a lot more when crypto is legalised in India. I know that the media, RBI and other sources has been speaking shit about bitcoin since a long time but things will turn around since the number of bitcoin supporters/holders are increasing a lot these days. As said, good things take time and it is upon us how we spread good awareness about bitcoin and encourage more people to learn about bitcoin and the blockchain. |
|
|
|
Less than an hour until the draw. I have never had so many tickets, I think.  Let's see if I'm lucky this time...after 6010 Free Spins, and with a long time as an active member: ~snip it's hard, I don't see 1,030 on the user ticket, I ever try 5000 tickets and never get lucky.  ~snip I wish I get some freebitcoin well, you will get it every 1 hour. Uhh! Even with 1500 tickets the luck was bad. Even I had more than 5000 tickets once but my luck was still bad with that lottery. But it's good to see there are 4 winners who had less than 1000 lottery tickets and yet won some good reward. This motivates me to keep trying my luck for every lottery. Someday I will be on the list and posting here that "I won". |
|
|
|
I always ignored Master Medals thinking it was very tough to obtain but yeah I will definitely try collecting medals from now onwards.
It indeed is tough but not impossible !
In my eyes the master medals, are too hard to win, especially if you are a small roller. The only medal who is really and easily within reach is the "Old Timer" (be member for at least 1 year). However, the rewards are pretty nice, if you achieve 10 medals, you receive 10 000 DOGE + 1 ETH! There's also one more medal which is quite easy as compared to the others and that is the "Talkative" where one has to just post at least one message in the chatbox for 200 days. So that's 2 medals which are achievable. Have to find 3 more to get a decent reward and 8 more to get some nice reward |
|
|
|
Less than an hour until the draw. I have never had so many tickets, I think. Let's see if I'm lucky this time...after 6010 Free Spins, and with a long time as an active member: ~snip~ I have less winning chance than you with 503 tickets in this round. Though I'm more active than you but never won any prize from lottery. Played 15,226 free rolls and won pretty good amount from it. Eventually I have lost more than 0.13 btc in multiply game. Now I have stopped dreaming to win anything from the lottery. Well I had somewhere around 1000-1500 tickets which I earned by playing the free roll and multiply btc game. Not sure with the exact number of tickets since it is reset for the next round. Still waiting to see the results for the lottery. I wish I get some freebitcoin |
|
|
|
|
I had tried using brave browser once but it was only a dilemma for me. I didn't even liked it's interface and stopped using it just in 2 days.
My friend had invested in BAT few years ago and I only feel sad for him since BAT has only gone down in price over the years when paired with BTC.
There's no reason for me to look up for Brave browser and BAT anymore. I prefer using Firefox on my PC and Kiwi browser on my phone.
These are the best browsers till date I have ever used.
Not promoting but Kiwi browser for Android has the option to install add ons/extensions which makes it more cool than any other browser for smartphone.
|
|
|
|
|
Bitcoin can be considered just like any other asset in this case. If they can invest Stocks, Real estate, Gold, Silver, etc... then they should be able to invest in bitcoin as well.
Though bitcoin is used for illicit activities by some people it is also used genuinely by many others as a source of income.
So I think Muslims can invest in bitcoin if their sole purpose is to buy/sell bitcoin and gain profits.
|
|
|
|
Actually that is the point I had not noticed any of that, I only got to wayear ( wager ), And yes! It's nice that they give you some tokens for activating 2fa. Among other things ...
Yes and there's one more bonus which is my favorite and that is the 0.002 EOS which we get for running martingale script 10 times. What's more fund is that we can run the martingale on JB coins as well which we get for free in the daily free spin. It's like you never get out of balance on BC.GAME How do you solve Top up and Relief? In daily tasks under Martingale Script! And looks like Roll point activity in bonus tasks can be played only between 2 am and 2:10 am (for me), or I am missing something? I usually sleep in that time... What you think about Master Medals? And how hard can be to earn at least one!  For Relief your total amount of JB coins should be less than 10 and in that case you get 188 JB coins available for claim. You can use your JB coins to play any games and when you lose most of your JB coins your JB coins balance goes less than 10 coins. For Top up, I am not sure but I guess it's like for every deposit you get 100 JB coins for 1 USD equivalent deposit. If you deposit $10 worth bitcoin or any altcoin you shall get 1000 JB coins free. For Roll point activity there's a certain time duration in which you can claim the free spin. You have to be quick for this as only first 10 users get this free spin when the time starts. It can be claimed only once per user. Even I used to sleep in the time for my Roll point activity duration. So I set an alarm to wake up specially to claim this one I always ignored Master Medals thinking it was very tough to obtain but yeah I will definitely try collecting medals from now onwards. It indeed is tough but not impossible ! |
|
|
|
It's good that you decided to ask first rather than ending up throwing your money in some scam website. You have many options to buy bitcoin and store it in a wallet. You can opt to buy bitcoin from any of the following methods
To buy bitcoinSuch as localbitcoins where you can buy bitcoin directly from a seller. You will have to be cautious here as there are some scammers as well. Try to look for genuine sellers with good reputation and positive feedbacks if you opt for this option. Such as Coinbase, bitstamp etc... where you will have to undergo KYC verification process to signup and then buy bitcoin. Once you are done with KYC it will be convenient for you to buy/sell bitcoin at any point of time. You can find a bitcoin ATM locator for your country and find bitcoin ATMs nearby you and go there to buy your bitcoin. There are private bitcoin ATMs as well where you won't have to register with them to buy bitcoin. I found one bitcoin ATM locator, try your luck if you get an ATM nearby your location https://www.buybitcoinworldwide.com/bitcoin-atms/To store bitcoinTo store your bitcoin on your phone you can download non-custodial wallets like Electrum, Exodus, Mycelium etc... To get a paper wallet you can create it easily here : https://bitcoinpaperwallet.com/If you want to buy a hardware wallet you can go for Trezor harware wallet Source : https://www.buybitcoinworldwide.com/switzerland/ |
|
|
|
4. The sender
If I'm receiving bitcoin from someone I know, I sometimes don't care about the number of confirmation. In those cases 0 is as safe for me as anything else. In other cases, I would wait for more than that.
Also, how about adding " The receiver" If the receiver is a donating address (let's say for a charity or an open source project) they wouldn't mind any confirmations at all right ? In this case 0 confirmation would be considered safe as well. I think it's not that simple if the charity/open source project uses payment processor or have legal obligation where they might need to obtain information of the donator. But isn't charity/donation is many times given anonymously. In that case obtaining donator information wouldn't be necessary. Besides that, getting donator information can be done regardless of the number of confirmations for the particular transaction. I guess they can get the donator information even for 0 confirmation transactions since it is for charity/donation anyway right ? |
|
|
|
|
As many of them here even I do all the three. Most of it goes to savings and I exchange some of it to fiat when I am in need of some money.
The rest of it goes to gambling and betting. Also, I use some of it occasionally for purchases through cryptocurrency.
Signature campaign earning have really helped me a lot in the past few years.
|
|
|
|
Actually that is the point I had not noticed any of that, I only got to wayear ( wager ), And yes! It's nice that they give you some tokens for activating 2fa. Among other things ...
Yes and there's one more bonus which is my favorite and that is the 0.002 EOS which we get for running martingale script 10 times. What's more fund is that we can run the martingale on JB coins as well which we get for free in the daily free spin. It's like you never get out of balance on BC.GAME |
|
|
|
Just used up 2 free tickets in the Roulette email coupons and both were lottery tickets. 5000 + 50, and judging from the results of the last round, I now have about the same number of tickets as more than half of the winners;) Maybe this week's my lucky one eh?
Be nice to hit something big on the freeoll while BTC is in a dip. Playing more often than usual this new month!
Good luck bro! Even I had once got 5000 free lottery tickets but ended up in not getting any lottery in any of those tickets. Wish you good luck and that you win something out of those free tickets. It's only 14 hours left to place bets on BITCOIN PRICE - JANUARY.
I just placed mine.
~snip
So, I spent on all my bets in total 16.5k sats, and if BTC at 23:59 UTC on the 31st of January ends up in one of those ranges, I will earn either a small amount, like 10k sats, or not that small, 500k in the "$15,001 - $17,000" case, or 300k+ in the case of "$10,001 - $12,500"
~snip
What about you, guys? Which ranges have you covered?
I just placed my bets today on both Bitcoin and Ethereum price January. For bitcoin I covered the range $30,000 - $40,000 and I think the price might land in this range by 31st.
For ethereum I just placed my bet on one range which was $1250 - $1500 which is again a sweet spot for ether to land on this range.
|
|
|
|
As a result, most people and exchanges started to request only a single confirmation, and that includes the top largest exchanges like Binance
What some random company does should never be a reliable source for you to make decisions. Specially if the company is owned by someone who doesn't even understand bitcoin, so much so that the owner begged for a 51% attack/rollback of bitcoin blocks just because his service didn't have enough security to prevent the large hack that led to them losing a lot of money! Right on point ! Though binance returned their users money, it failed itself in the first attempt by requesting for a rollback just to prevent the hack. They didn't even think what implications it would make in the community before making that post. 4. The sender
If I'm receiving bitcoin from someone I know, I sometimes don't care about the number of confirmation. In those cases 0 is as safe for me as anything else. In other cases, I would wait for more than that.
Also, how about adding " The receiver" If the receiver is a donating address (let's say for a charity or an open source project) they wouldn't mind any confirmations at all right ? In this case 0 confirmation would be considered safe as well. |
|
|
|
These all could only be achieved if Finance Minister stands in Parliament and clearly state that cryptocurrencies are Remember what happened when Late. Arun Jaitley stood up and issued warning on the use of cryptocurrencies in Parliament three years ago? The price of bitcoin flunked to Rs. 2,50,000 (upto 35% discount) in India. Reverse can happen if FM gives positive speech in upcoming budget session.
That's bound to happen. There are literally many people in India who don't trade crypto just because it isn't legal yet. Once the Finance Minister announces the regulations the Indian crypto market might see heavy surge in bitcoin's price. Other potential altcoins might see a boost too. I had bought a domain a long time ago thinking I would start crypto related e-commerce website specifically for India. Always, found the counter argument on why it wouldn't work as one could just use fiat and avoid the transaction fees etc. Do you think there's any scope for crypto e-commerce in India? India sees a huge share in trading volume when it comes to crypto but I feel a large share of it is to just HODL or just trade it like stocks. Would you like to buy goods with your crypto?
Edit: Most of the crypto e-commerce international websites just somehow turn into a mini dark-netish web spaces where its ultimately about discounted digital goods that were acquired from stolen credit cards. A complete turn off. Another argument is, its hard to compete with the fiat giants of Amazon, Flipkart with money being pumped into them like theres no tomorrow.
I think it would be a good thing for you to wait right now on how the regulations are brought forward for crypto in India. Once crypto is legalized, you can throw up a survey for your crypto e-commerce site and get people's response on it, which will give you a better understanding on how you should make your next move. Keeping things simple here would be more of a benefit in my opinion. |
|
|
|
As far for now ,just hope at upcoming budget i.e. coming on 1 feb
there must be some regulations regarding crypto ,so the danger of it getting banned again is gone.
Even I am eagerly waiting for what the upcoming Union budget has to declare for crypto. If crypto gets regulated I will be personally happy about it since it will be legalized completely in India. We will be able to trade without any fear. We might also be able to see mixed sentiments in the Indian crypto community since many people who trade crypto are unwilling to pay taxes for it. Hence it might lead to some political debates as well. Seriously though, this space is so new that people will throw money at you for working openly in it.
True ! May be even they know that people will definitely throw their money in it and that's why they planned on to create such a crypto bank. Although crypto banks is inevitable I think we all should probably wait until this one is well established given the allegations which were put upon them related to cashaa hack. One who suffered the losses in the hack would definitely think thrice before trusting them again. |
|
|
|
Question from BTT Expert
Can anyone explain that how the prices of bitcoin goes up and falls down? Any verified Reasons? Bitcoin price fluctuates based on the demand and supply. When demand is more it means more number of people are buying bitcoins and hence bitcoin price goes up. When demand is less, people are selling their bitcoins and hence the price goes down. How and what is the procedure other then academic economics? There are also other factors which derive the spike in bitcoin's price such as psychological factors, news and media, FUD and FOMO etc.. The current FUD related to double spending of bitcoin is a solid example of how FUD can lead to decrease in bitcoin's price. Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?
You need to buy bitcoin through fiat. Although there are other ways to earn bitcoin for this example let's consider you are buying bitcoin through fiat from an exchange. This is the basic need to acquire bitcoin in this case but once you have those bitcoins in your bitcoin wallet you can do anything with it. You can send it to anybody without involving any middle man. You can control your bitcoins and nobody 3rd party is required to have control over your money. You can even spend it for shopping online as there are services which accept bitcoins directly. But if you want to exchange your bitcoins for fiat then you will need to exchange it and then get the amount to your bank account. I hope I answered your queries. |
|
|
|
No. No double spend happened. Cointelegraph is asking opinion about BSV and BCH scammers. This is a very common situation, which was specified in the whitepaper 12 years ago. Two miners mined a block at the same time with different transactions, and a RBF uin one of them. After a few blocks this situation will be normalized, as predicted in the whitepaper. This is very common, and COINTELEGRAPH is spreading FUD to get clicks. This is why exchanges asks for a 6 block confirmation before accepting your transation. https://twitter.com/aantonop/status/1352250328960229377This is exactly what am telling people whom I know that they shouldn't panic so much. It just happened out of a coincidence and the bitcoin protocol remains intact. As soon as the next block was mined the previous block on the second chain became stale and thus the longest chain was still secure with no double spends. FUD is spread in the Social media but I take it as a good thing since bitcoin price dumped good giving opportunities for others to dive in at this price Am just telling everyone I know to buy bitcoin at this price as a good opportunity has arrive to stock in some BTC P.S : Boycott Cointelegraph |
|
|
|
|
Things happen. Nobody has any control over them. It's not bitcoins fault that they had to struggle with such troublesome situations.
Things would have been different if they were located in a better place. Sometimes we have to accept the truth and move on for a better living.
It's sad that they were unable to have a happy life and you did a really good thing by giving them a donation but it doesn't mean you should stop using bitcoin.
In fact you can take it positively in a way and earn more bitcoins so that you can donate more such needy people.
It's just a matter of perspective and life can be so much easy.
|
|
|
|
Ways Bitcoin can be lost
1. Forgotting the encrypted password used
2. Seed phrase accessed by attackers
3. Malware attack like trojan and keyloggers etc
4. Through phishing sites
5. Through fake exchanges
6. Through fake wallets.
7. Through lost passphrase
8. Hacked exchanges
9. Lost to cloud mining sites
10. Lost to Ponzi scheme
11. Lost through fake giveaways and airdrops
12. Lost through misplaced seed phrase, private key or seed etc.
The ways of losing BTC that I marked in bold are different from what the topic (and the rest of your list) is about, I believe. Losing BTC to scammers means that you don't have this money anymore, but it's not gone from the circulating supply. When you lose your seed phrase, on the other hand, nobody can get or use your coins, so they're truly lost for everyone. The latter has more implications because it's what makes Bitcoin even more scarce than it was supposed to be (due to a large percentage of inaccessible coins which are as good as nonexistent). In that case you should bold the below too as they also are active in the circulating supply. 3. Malware attack like trojan and keyloggers etc 9. Lost to cloud mining sites In both of the above cases the bitcoins are accessed by bad people and are active in the circulating supply and are not truly lost. |
|
|
|
|
They say that it's always a right time to invest in bitcoin. This goes by the fact that they are investing in for the long term.
So it all depends on how firm you are to hold your bitcoins. Even if you buy now and have weak hands then you should probably not invest right now.
If you know that you can panic sell once bitcoin starts falling then you shouldn't buy right now. Wait, if bitcoin price falls then invest else you should look for some other investment which is not as risky as bitcoin.
I am personally not a panic seller (anymore) and can hold bitcoin for a very long term. So for me it's always a good time to buy bitcoin since bitcoin is bound to increase in price in the long term.
|
|
|
|
|
Show Posts
