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4401  Other / Beginners & Help / Re: Can I lower bitcoin network fees? on: February 07, 2021, 06:25:32 AM
It all depends how much time you can wait for your Bitcoins to credit the other wallet. Bitcoin fee is equal to time taken for 1 confirmation. I suggest you check mempool.space every time before you do a Bitcoin transaction. It provides the average fee and the time taken for 1 confirmation information.

4402  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: February 07, 2021, 06:15:29 AM
~snip~
 it will be interesting to see if India lose the series, what will happen with Kohli remaining captain.  
Even if England manage to draw the series, voices against Kohli are going to be very loud but i doubt if management want to change him at all and Virat is in no mood of stepping down as captain by himself despite failures.

It is high time that Kohli should himself step down like Tendulkar did in the past. No doubt he is good batsmen but he has lot of issues as a captain. India will try to draw this match.
4403  Other / Beginners & Help / Re: Bitcoin Interest earning on: February 06, 2021, 05:18:19 AM
Why do you want to earn interest in Bitcoin when you are getting significantly high ROI every year. Keep your Bitcoin safe in your wallet and wait for it to go to the moon. The interest that you will earn on Bitcoin by investing it on those platforms is significantly very less to what you will be earning just by holding them in your wallet.
4404  Other / Beginners & Help / Re: Newbie bitcoin question on: February 06, 2021, 05:14:05 AM
newbie here no hate.
Can someone explain to me when should you sell your bitcoin positions and should u exchange them for cash(usd) or other coins?
+ what is the difference if i have my bitcoin in wallet or in open position like he has in the video. thaks alot

I hope you have read all the comments by the members here and if you have got the answer to your query it is better to lock this topic to avoid spam comments.
4405  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 06, 2021, 04:59:19 AM
Yes I was looking forward to this series as it would of been the first time back for Steve Smith and David Warner after the sandpaper scandal. I think if the virus strain wasn't as bad and was the normal strain then Australia would tour SA. It would of been great if both boards could work out a share of the TV rights but then again, would SA want to travel to Australia with the strict quarantine Australia has for anyone coming from SA, this could also be stopping SA from accepting to travel to Australia.

Yeah.. there is a lot of talk about the new virus strain that has been discovered in South Africa. A lot of people, including Kevin Pieterson and Michael Vaughan have issued statements on this regard. In case of Pieterson, he raised the question whether Australia could have done the same, if the tour was against India. Here is his original tweet:

https://twitter.com/KP24/status/1356905987274379267

But personally, I believe that CA made the right decision by pulling out of the tour.

Australia and India are two of the richest board and they do not need to play a lot of international matches to generate revenue. The virus strain was still present when these two countries were playing matches. Since it was a home series Australia did not have any issue at that time, and the Indian board wanted to cash in. That is why they played and now they only using the virus as an excuse.
4406  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: February 06, 2021, 04:38:41 AM
Joe Root seems to be on track to score a double hundred. Indian spinners have been a disappointment so far, and they have taken just one wicket till now (after conceding a total of 200 runs). Expected better performance from Ravichandran Ashwin and Washington Sundar, as this is their home ground. Shahbaz Nadeem was also disappointing. This is actually surprising because Chepauk has a history of supporting spin bowlers (and I saw dust coming off from the pitch after one delivery from Ashwin).

The way this guy is playing he will score a double hundred easily. He is already at 135 and if he goes like this he might be able to reach his double hundred by today. I do not think this match is going anywhere if India is unable to take his wicket. This test will most probably end in a draw or unless ENG declares their innings today.
4407  Local / India / Re: Updates on crypto ban bill on: February 06, 2021, 04:26:27 AM
India Minister Suggests Modi Government Not Planning Outright Crypto Ban.

The Indian government has hinted how it might move to regulate cryptocurrencies rather than an outright ban.

Talking in the nation’s upper house, the Rajya Sabha, Tuesday, a minister specified that the aim would be to curb illicit cryptocurrency transactions and bar their use in payments.

“The government does not consider cryptocurrencies legal tender or coins and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Minister of State for Finance Anurag Singh Thakur said during a question and answer session.
This is positive if this is true. I would like to know the source of this news though.
I also have the feeling that government may not ban btc out right as it doesn't fall under the definition of private currency.
But if they do consider all non government issued crypto as private, then this should be challenged in court.
Positive or negative depends on the way you spin it. Here is the NDTV report with the Q&A between MoS(Finance) and a Shiv Sena MP.

You are right that Bitcoin is not a private cryptocurrency. The ambiguity is whether the Govt is talking about Public crypto as sort of "Publicly owned"/ Govt owned while calling everything else Private. Colloquially, in India, thats the usage. I don't think our colonial hungover overlords would like anything other than pure Govt power to be called Public Service. The IAS cadre officers love to call themselves "Public servants". So, take a hint.

I think this comes after a lot of P2P companies have started giving loans used findings in form of Bitcoins. It not only evades taxes but also makes monitoring of liquidity in this sector very difficult.
Yeah I suppose the politicians don't want to kill their cash cow that the informal loan sector comprising of thousands of these local "co-operative credit societies" are for them. With their control over such semi-formal groups, the chance to obtain money must be far easier than if those people start turning to cryptocurrencies for loan requirements. Its a win-win situation for the common trader but the politician doesn't get his cut.
The more i look at it this way, the more i am sure that the community will have to fight tooth and nail in the courts.


Big exchanges like wazirX, zebpay etc must take this initiative. They should lead us as their voice will be heard.
I know they are also following the developments closely and will do their best as they have business at stakes but given past record of this government, they should be more pro active.
They are doing their bit. It's time we as community should support them wherever possible and in whatever capacity.
I read this news today

Indian Exchanges Launch Campaign Seeking to Avert Potential Crypto Ban
The exchanges have set up websites helping supporters email members of parliament.

If any of you have eny info about email of MPs, please send it to them.
Website is http://indiawantscrypto.net/

Thank you @KryptoKings for sharing this link. I have done my part and I urge other members who are active here to do the same. As a community, we have overcome many hurdles in the past and hopefully, we will be able to overcome this one too.
4408  Other / Beginners & Help / Re: Do you believe this? on: February 05, 2021, 04:45:27 PM
In the seventeenth century, the price of tulips skyrocketed in the Netherlands.  Then it bursts like a bubble.  Many investors lose billions of rupees.  The price of Bitcoin is also the latest example of Tulip Mania.  Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

Why Rupees? why not guilder?

Cause Rupees is the currency of India and in Netherland the currency at that time was Guilder. Therefore how does it matter and how can you even relate it to Bitcoin?

4409  Economy / Scam Accusations / Re: [FAKE]Stay Away From Big Pump Signal Groups on: February 05, 2021, 04:15:26 PM
These groups are again active because of Doge and Ripple. They were pumped recently by a Reddit group. Unfortunately newbies think pump groups only exist in telegram and discord. Actually only scammers are present on Telegram and the same is with Discord.
4410  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: February 05, 2021, 08:50:31 AM
Half an hour back, England was having a solid advantage. Now the situation has turned upside down and India is at the top. But as long as Joe Root is there, I am not going to discount the chances for England. Let's not forget the fact that he is in such a terrific form. Last month, he scored 426 runs from two test matches in Sri Lanka (and picked up two wickets as well). This is his 100th test and I am expecting something special.

India needs to break this partnership between Root and Sibley. They both are playing well and if they continue like this then they will easily cross 350. They need another 200 runs on board and the way root is playing I do not think it will be a difficult task.
4411  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum(ETH) Vs. Bitcoin(BTC) *** Which is better? *** on: February 05, 2021, 05:29:49 AM
Both are different entity and it is baseless to compare them. Bitcoin is the face of cryptocurrency market and is known for its USD value, whereas ETH is known for its technology. Comparing them is like comparing fruits with vegetables.
4412  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: February 05, 2021, 05:13:04 AM
Anyone watching the 1st match between India vs England?

England won the toss and elected to bat first and the pitch looks flat so going to be high scoring test? Smiley

Toss was going to be crucial and England won it. I was perplexed to find Shahbaz Nadeem in the playing XI. I didn't even knew that he was there in the squad. Also surprising to know that Ishant Sharma was preferred over some of the younger pacers. I don't even remember the last time I saw him in action (12 months ago, versus New Zealand perhaps?) and I have doubts regarding his fitness level.
Yes, this is confusing to know Ishant Sharma is being played in the first test instead of other younger ballers. I think the condition might suit his balling style, that might be the reason why he was chosen.
4413  Bitcoin / Bitcoin Discussion / Re: Interesting Data: Top bitcoin or cryptocurrency apps of certain countries on: February 04, 2021, 05:05:48 AM
I am from India and an Android user, I think you need to search WazirX which is the Indian arm of Binance exchange. I think they are the most downloaded app on android. I have seen a lot of my friends also using it on their android phone. Since you have done such a great job I would ask you to check India's android once again by the given name.
4414  Bitcoin / Bitcoin Discussion / Re: High possibility major governments will BAN Bitcoin in the near future on: February 04, 2021, 04:56:48 AM
The Indian government is also planning to ban crypto, the problem here is how will you enforce the ban. Cryptocurrency is an Internet-based currency if you want to ban it you have to ban the internet or you will have to create a system to keep track of all transactions on the Internet. How will the second most populated country do it, is the question?

The best option is to either regulate it as banning is not possible in this age of technology.
4415  Other / Beginners & Help / Re: I am new here please guide me on: February 04, 2021, 03:49:49 AM
Do not jump into the earning part straight away, first learn about Bitcoin and other cryptocurrency in this forum. Stay active and ask relevant questions. Slowly you will be able to gain rank and then you will be able to make money.
4416  Economy / Service Discussion / Re: Avoid Fake Giveaways And Ponzies on: February 03, 2021, 04:21:42 AM
Nothing new but, newbies are still falling for these fake giveaways. The problem is as long as you have greed you will fall for giveaways. Most of them donot realize that nothing is free.

Just check those airdrops being conducted by new projects, newbies are always flocking for those airdrops.
4417  Bitcoin / Bitcoin Discussion / Re: India makes ownership of Bitcoin criminal offense - How to respond? on: February 03, 2021, 04:10:43 AM
Thread title is overtly sensationalized. India has not made ownership of Bitcoin a criminal offense yet. We do not the final form of the bill yet. Whole industry is eagerly waiting to know the final form of this bill.

That's true. The logic is that this bill is essentially the same as the one which was formulated by Subhash Chandra Garg in 2018. Back then, he had such stupid provisions, such as 10 year jail term for owning cryptocurrency. But during the budget speech, there was no mention about cryptocurrency by Nirmala Seetharaman (finance minister). But that can't be taken as a positive sign, because the budget speech was very short (~90 mins) and it is not mandatory that the planned bill should be discussed during the speech.

The budget session of the parliament runs for a month and in this session the bill will be placed in both the houses. Now it depends on the government when they want to present the bill. It all depends on the government whether they want to priotize this bill.
4418  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DOGE To The Moon on: January 31, 2021, 12:02:50 PM
The only thing that I dislike about the cryptocurrency market is that it can be easily manipulated or controlled by few ingluencers or whales. Those who influenced the markets in 2017-18 are no longer in control and now big tech influencers are now simply playing with the market.

What happened with Doge coin is really a big pump followed by dump. The same happened with Bitcoin, In scenarios like this a newbie would be losing everything because the will fall for the FOMO. This is really sad but this is how the cryptocurrency market works.
4419  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Why Does Every Exchange Need To Have Its Own Token? on: January 31, 2021, 08:41:07 AM
Every exchange has its own token because they generally use it to charge transaction fees. Now the value of any exchange token depends a lot on the volume and business generated on that exchange. For example BNB currently the USD value of it is above $40 because the higher use of it on Binance exchange. I do not think an exchange token will not have an actual use case untill that exchange is new and does not have any volumes.
4420  Bitcoin / Bitcoin Discussion / Re: Bitcoin prepaid/debit cards on: January 31, 2021, 08:26:38 AM
For Europe I am aware that Wirex and Crypto.com provide cryptocurrency debit card. As per my information both Wirex and crypto.com will ask for you to get verified. I have not heard any company providing debit card or credit card for cryptocurrency without verification in Europe.
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