Latest posts of: kimochidesh

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telegram: @kimochidesh
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Envion is a great coin which has recently touched $85M mark...the concept and team are the major reason why people are trusting this coin so much. The initial overwhelm response to Envion in Pre-ICO has boosted the investors to invest in this project. Even the team has been in regular touch with investors through social media platforms like Twitter, FB etc with the latest updates about the project.

Market ups and down is just a regular market phenomenon...so no need to panic about it. Recent market crash is due to A FUD created in South Korea regarding BITCOIN and Crypto BAN. So don't get too excited with soar nor get worried about such crash because it is just a regular market movement. What matters is that how you gain profit in such market conditions.

In my opinion, This multiplier technique is a mirage and created a bubble in the economy. If 20% of the people who have deposited their money in bank want to cash out immediately, banks can't really able to do it as they don't have that much with them. So in other words, if bank go bankrupt than your money will also also turn into ashes.

People sometimes got crazy and think that BITCOIN is the solution to every socio-economical problem they are facing today. But it's not so, BTC can't really help to reduce corruption coz bitcoin use anonymity in the transaction so how could we know who got how much bitcoin with them. Bitcoin Address is just the combination of number and alphabets, which cannot define the identity of the user. Bitcoin transaction may called to be transparent on blockchain but it does not have any advantage to evade corruption.

Quote from: pereira4 on December 31, 2017, 06:01:01 PM

In the future I would like to buy some property with my BTC once it's worth a lot. Even small amounts made on signature campaigns in here could be worth a lot and may I want to diversify into real state in say 5 years or so.

I was wondering how would this be done? Im scared because we get daily news of any bank account that has to do with Bitcoin being frozen. I wouldn't like to be treated a criminal when I obtained my Bitcoin posting here... any help?

Till now I haven't heard any news of bank account freeze due to bitcoin withdrawal amount in my country.
Tax policy on bitcoin income is not cleared at all. Even I was also talking about this problem with my accountant yesterday and he suggested that until any tax law does not form on crypto-currency, we should pay taxes as per the current tax slab of my country's revenue law. Also, the bitcoin price surge will be considered as the capital gain when it is converted to the fiat.

Quote from: richfund_Pe on November 24, 2017, 09:44:13 PM

Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?

Very True...Govt haven't found any appropriate solution to regulate BTC. Because govt can't really control it or regulate it they don't want to make it legal. Bitcoin if not regulated can be used for the illegal transaction, money laundering and even tax evasion which may cause a remarkable loss to a NATION socially as well as financially.

Quote from: anushkasachith888 on January 08, 2018, 11:05:50 AM

I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ? Thanks in advance

It is not possible to Mine BTC faster as there is fixed block size and time. Usually, it takes 10 min to mine a block and time can't be acceded or decreased as Hash rate adjust itself accordingly so that time of block mining remains roughly the same. This the beauty of this technology and Where supply, as well as time of mining, is limited.

Crazy high transaction fees and very long confirmation hours are setting BTC back day by day. People who were earlier optimist about the Bitcoin as payment mode are now setting back because of these issues. Microsoft is one the finest example who stepped back coz of these issues. Lets hope Lighting 1 & 2 can solve these problem and get BITCOIN the same glory that it use to have.

Recently Envion claim to be the 6th largest ICO in history with more than 80 million dollars raise till now and still the ICO is open. Even Insurepal got the huge success is now on the ICO hot list as one of the trending token sales. Crypto-market is developing and a lot of established names are coming with their ICO's now so 2018 will be a year that will very important in crypto-world.

Quote from: Playerino on January 09, 2018, 08:11:44 PM

Please don't compare to dollars or any other currency. How do I come to a bitcoin price? Should it be based off of the cost to mine bitcoins?

Agree...If the price of anything is charged in BTC than do not compare it with Dollar coz then the price will be fluctuating every time. Just like campaigns or bounties, the price is fixed in BTC, and it never changes no matter how volatile is BTC. We can never get the actual worth of anything if we compare price with BTC or any other currency....so please stop doing it.

There are many other coins that are out with similar concept like SWP etc but in my opinion you should only invest in well-established exchange coins like Kucoin shares or Binance because they already have traffic on their exchange and you will even get the part of profits out of it, whereas it has huge uncertainty of getting appropriate traffic on new exchanges as there is a throat-cut competition here on such exchanges.

BTC as investment model is a bubble. BTC is not making any profit like corporate nor it gives you dividend/reward so It is vague investment tool. As an alternative to payment mode, It gain got failed because of high transaction fees and long confirmation hours.