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I would say IOTA. It brings many more new features to the table including the much needed micro/nano transactions. Don't look at the present price but look at how far it can go and whether the tech is useful.
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Control the money and then control the population. We have an authoritarian government that is trying to do everything it can to control the people. There may be development but is it worth our freedom?
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Deposited money in Coinsecure on Saturday (3 June). It's Wednesday now (7 June) and still waiting. WTH!
You're just inviting the govt. to come and interfere in BTC. Better not run an exchange like this if you love BTC.
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Bitcoin will not be made legal because India has very strict money laundering rules.
Is it possible to wire money to foreign trade exchanges? The answer is NO or extremely difficult - that's why the rate is so much higher in India because you cannot arbitrate with foreign exchanges. So why will the govt allow users to buy BTC with Indian Rupees and move it to other countries without restrictions? This is one main reason BTC cannot be made legal. How to stop people who are doing it (moving BTC out of the country) is another question.
Second reason is that Indian exchanges are amateur operations. See how many times the Indian exchanges go down or face problems with withdrawals and deposits. They are dealing with crores of rupees and BTC - it's a joke. Users face so many problems with these exchanges that it is inevitable that govt steps in to do something.
Third reason is that India is still backward in technology awareness and investing compared to other countries. (Compared to other countries, very few people invest in the Stock Market in India). A simple sms is enough to scam users even in investing in the stock market. How will you stop users from getting duped in BTC scams which will be much more complicated for the common investor to understand? These scams will undoubtedly force the govt. to do something - and it probably won't be good for BTC in India.
*Just look at this thread and the replies. It's like kids fighting with nothing to add. If this is the state of Indians in Bitcointalk, wonder about the common investors/people.
Fourth is in the forex market in India, only Rupee pairs are allowed. Why will the govt. allow BTC/Dollars or Dollars/Crypto when Rupee can easily be converted to BTC and so it can be indirectly traded with other currencies/cryptos?
But the problem for the govt is, how will they stop BTC trading? It's decentralized and and almost impossible to stop it. The govt. is in a big problem and the only thing it can do is wait and watch what happens or ban BTC/cryptos.
It's stupid to ask the govt. to come and regulate BTCs or make it legal like the exchanges in India are doing because the hands of the govt. are tied by it's own rules and regulations. What the exchanges should do is just wait and watch and buy more time. As other countries come up with regulations for BTC, it will make it easier for India to decide what to do too. Right now, the easiest solution for the govt. out of this mess is to ban BTC which would actually be bad for the country.
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It will be difficult for price to go up. Miners will always keep dumping because they're getting the tokens for free without spending anything. If the price stays the same or reduces, there's no loss for the miners even if they keep dumping. And the more the price goes up the more number of miners will dump.
It will also be difficult to encourage other users to buy when they know that the miners are getting coins for free everyday without putting in any money or effort.
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If you keep going down like this for days after taking lakhs or crores of users' money, you will face difficult regulatory issues and it will be bad for Bitcoin in India. You are doing Bitcoin a disservice in India with these down times. Why can't you put extra investment/money and fix it once and for all instead of trying to get the bare minimum all the time? When you run a website like this doubling the servers is probably the minimum upgrade you can get.
You save a few thousands on your servers but lose lakhs from customers going to other trading sites.
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When everyone expects the price to go up, it will go down or stay without moving. That's how it works.
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I invested 2 days ago. And now i can't login to the site. It just loops and refreshes the page.
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can't login !
Same, i can't login to my account too. The page just refreshes. Not using a VPN/Proxy. What the hell? I have BTC deposited on the house. |
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You know there's a surprise waiting when there the forum is full of bears. Same thing happened when the forum was full of bulls!
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20+ BTC pending.
They are obviously lying when they say that they are updating the site. No update takes more than a month.
We should team up and report their bank accounts so we can close their accounts. Otherwise they will be taking deposits to scam more people.
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Damn scammer.
My coins pending withdrawal for about a month.
BTC
Balance
1.65500057 BTC
Withdrawal Status
Requested
CLOAK
Balance
7,723.34357532 CLOAK
Withdrawal Status
Requested
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Can't believe that they f***ed up such a great exchange that was before as V1.
They probably got hacked and their code/database compromised so they had no option but to code a new site from scratch. If so then they have been very dishonest. |
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This is a scammer.
He was selling 0.3521 BTC just a few hours ago.
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No, no update.
This is a scam.
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I have removed the phone numbers and bank details.
I have also sent Wilson a screenshot of this post.
I whatsapped with him when you told me about this incident and he has explained to me that his BTC was stuck in Gox. He also informed me that he would settle everything by 'yesterday'.
Adding that note to keep this thread updated.
Another thing that was weird is that he says his BTC is stuck in GOX after i paid him the money. When in reality BTC withdrawals from GOX were closed or not working since a few months back. |
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