For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.
Well yes that's the mistake most of the new comers do but I would say that not only the beginners but many well experienced traders also do the same mistake of not researching a coin they are investing in the first time. |
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None of the altcoins have win over bitcoin simply because bitcoin is the most trusted cryptocurrency in the crypto market which makes it the top most used cryptocurrency. There are some altcoins which have a good potential and are ranking good in the list but still they haven't took over bitcoin because people believe more in bitcoin. I have myself hold on to some altcoins but most of holdings are in bitcoin and I guess this is it with most of the traders.
This is why altcoins have failed to win over bitcoin.
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Well I guess this is also a good thing that scammers don't put in the effort of creating something unique to scam the people and rather copy other projects to scam people because it makes easy for us to detect the obvious scam. Though many people were scammed in the beginning because of these projects, people have become more aware that such projects are most probably fake which is why it's actually good that scammers are using the same technique again.
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Yes they say that we should not leave our coins on exchanges but that doesn't mean you can't leave your coins on the exchange overnight.
It generally means that you should not use the exchange as your wallet and keep your coins idle on the exchange.
Besides that, you should also not keep a large amount on any exchange since that is kind of risky too.
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People generally invest in coins which have a good vision and a roadmap but HEX doesn't seem like a project in which investors will put in any money.
It just looks more like a speculative coin which people use for pump and dump. So I would never recommend anybody to invest in a pump and dump coin.
You should always consider only investing in coins which have a good project and a good team.
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What is the minimum cost for ETH miner and for how much hash rate?
It is not worth investing in ETH mining now because ETH is soon going to be upgraded to ETH 2.0 where miners will have to stake ether rather than mine it. So investing in the equipment to mine ETH will be a waste of money. You should consider buying ETH from an exchange and then wait for the upgrade so that you can start staking when the upgrade occurs. The minimum requirement for staking ether would be 32 ETH but I am quite sure that there will be pools which will allow to combine the ETH of users with low ether amount to start staking. |
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This is the sole reason why our loved ones betray us. Greed has become so worse these days that even siblings can kill each other for money.
Not only siblings but even children kill their parents for their inheritance. So we wouldn't want our loved ones harm us for the precious crypto we are inheriting to them.
Besides that, unless and until we ourselves don't find a way to inherit the crypto by making a will or making a secret riddle to crack the inherited crypto , it would require a third party to inherit the crypto which is against it's peer to peer payments and decentralization.
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1.The future of work is Contributor and not employee.
2.The future of platforms, systems and institutions is decentralization and not centralization.
3.The future of contract is smart contract and not trust contract.
4.The future of money is crypto and not fiat.
In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc
It's good to be ambitious about crypto and technology in general but we should never expect too much from anything. I am not against crypto since I want it to go mainstream too but expecting that crypto will replace fiat completely is too much for now. Let's just assume what you said is actually gonna be true someday then the below will be my perspective 1.The governments. -> They will regulate crypto and will make it taxable so that the economy could profit from the revolutionary technology 2.To business. -> Businesses will incorporate crypto as payments which will enhance their business and increase crypto adoption 3.To Individuals. -> Individuals will find it easy to deal with crypto and the whole world will go cashless. 4.To World bodies such as IMF, UN, WTO etc -> Will promote the usage of crypto since they will eventually find out that using crypto is more beneficial to them than using cash. |
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1. Hacking an account is not an easy task and especially the accounts of celebrities are even more tough to hack as it takes more time to get the account hacked.
2. Hacking multiple accounts is even more difficult as it makes you more prone to get detected.
3. Hacking multiple accounts together is like some next level shit. It would take a hacker some extraordinary skills to get that job done.
So much of efforts just to get the price of bitcoin decreased ? If I would be hacker I would rather hack someone's bitcoin wallet rather than putting in so much of efforts to hack the social media accounts of celebrities.
P.S : Not that I would hack someone's bitcoin wallet but it's a typical hacker mindset.
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The first thing they do is confiscate the bitcoins and give them to higher authorities where they decide what to do with them. Some governments don't do anything and just keep them in a file or something. I have heard that the belongings of a criminal are given back to them when they leave the prison in that case those bitcoins would be given back to the criminal. He must have a fortune I guess  Most of the governments auctions the belongings to and then use the money raised towards their developments. So basically it depends on the governments what they want to do as it is different in every country. |
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We don't know yet if this information is true or not and besides that even if it was true there would be more complications to it since they have not provided any clear information and have just made a statement. Considering cryptocurrency similar to cash has it's own pros and cons.
For instance, crypto might be taxed in the same way as cash and hence we will have to pay tax on every purchase we make.
If crypto is considered as cash then there will be more adoption in the US since people will accept crypto payments too.
But then it all depends on how the US government regulates the use of crypto.
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I think it depends on who is watching you. For instance if the cops are watching you because of some theft or scam then they will constantly keep an eye on you. Also, since bitcoin is not fully anonymous the cops will be able to trace you and will catch you at some point because they have more access than anybody else.
But it is always better to keep your identity safe on the internet when you are making bitcoin transactions.
To be on the safer side you can use TOR or also create a private VPN if you are tech savvy enough to do so.
This will protect you from hackers or anybody who is keeping an eye on you.
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I was having an argument with one guy from the internet. He uses online wallet instead of an offline. I tell him that bitcoin loses its point if you use an online wallet. He's also trying to convince me to use it too because it's more simple than an offline. I doubt. Anyway, I want one, only one reason, that online wallets are better than the offline ones.
The fact that millions of people use blockchain.com pisses me off. I don't know if the majority of users choose online, but they are many for sure.
By online wallet I am assuming you mean to ask about Web wallets. In my opinion web wallets are shit. Don't go for what others say. Web wallets are of no use. Everything that a web wallet can do can also be done by a mobile wallet like Mycelium, Exodus etc.. which are much better than web wallets. |
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I am not well versed with tax calculations but I have a doubt here “Supply of goods or service or both –
(a) when the supplier is located in India and the place of supply is outside India;….. ”
Shall be treated to be a supply of goods or service or both in the course of inter-state trade or commerce.”
How will you define that the place of supply is outside India. It's a global community and cryptocurrencies are operated globally (within and outside India). So doesn't it hinder the regulation because in a way the supply is ALSO in India. Correct me if I am wrong. |
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The founder must be a fool to keep 336 BTC in a web wallet. Even if I had more than 1BTC I would consider buying a hardware wallet to put my coins in it.
Calling himself an entrepreneur he must know that 336 BTC in not a small amount and he should have never considered to hold funds in a web wallet.
I think it is the founder/CEO that should be punished.
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I read about the cashaa hack and went into a little detail about the apparent "entrepreneur" behind it. It is some kid from Amity University named Kumar Gaurav. The idiot runs a website with his own name where, in typical crypto scammer style, he is blowing his trumpet about all sort of achievements. Never heard of him before and to me, he seems like another one of those sleazy, suited-booted, scammers akin to Amit Bhardwaj. The grammar on his website is abysmal, he calls himself amongst top 100 influential blockchain people which he surely isn't. Ranking by some shit website does not make you so and i am pretty sure there are enough people who have done more for bitcoin and crypto that a top 100 list won't need someone like him. Take a look at the list here and judge for yourself. You will have heard of every person in that list in relation to something crypto related. To top it all, the idiot stored 336 BTC on a web-wallet and then claims to be running a service that is supposed to "challenge" banking. I feel he is just scamming a lot of people who would have invested in his ICO or kept fund in the "exchange". What are your thoughts on this? Does the website or this guy seem legit to you?? Though I am not sure if he is a scammer or not but Did a quick Whois lookup and found that the registrant is from Harjuma, Estonia. which means he must be operating from there. Seems easy to do a scam and in India while staying in foreign so that he can easily run away with the money. |
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That makes complete sense. I am in a IT company myself and we are having work from home due to which the company is not suffering huge losses as compared to other industries where companies are suffering huge losses. So in my opinion these new projects should have no problems until they are developing the product online. Only those companies which have physical product and needs to be present at the site of work should be impacted.
They are just giving lame excuses to delay the project.
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I've stumbled on a news article from CoinTelegraph which said that Centre has frozen (blacklisted) USDC stablecoin holdings from an ETH address. There has been a similar situation with the stablecoin "Tether USDT" over the past days. I know that stablecoins hold good promise in bringing the best of both worlds. But freezing someone's assets on-chain, makes stablecoin issuers no different than traditional banks we've been accustomed for a very long time. For those unaware about the situation, here's a link to the CoinTelegraph article: https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc. It the trend continues, I don't think people will fully embrace stablecoins altogether. Stablecoin issuers might become easily manipulated by governments and central banks in order to freeze accounts at will. So much for decentralization on ERC-20 tokens living on the ETH blockchain. What are your thoughts?  The first thing to note here is to invest in those coins only where there is no centralization. Bitcoin is completely decentralized which means nobody has the ability to freeze your funds. If still people want to hold stable coins then they will have to know what they are getting into. Yes, centralized cyptocurrencies can be regulated and the governments do have the ability to freeze your accounts just like how banks does. Our motives to hold our desired cyrptocurrencies should be very clear and that is how we must decide in which coin to invest in. |
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It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.
Just my kinda advice for newcomers, good luck and happy hunting
Most of the people who get scammed or tricked into buying some shitcoins or suffer a loss in their trading journey don't do a proper research and they don't know what they are getting into. You have a great point there that people should know what they are getting into and this can only happen when people start doing a proper research on their investments. I am quite sure that if everybody starts evaluating their investments with proper research then people will suffer from less number of scams and the market will mature rapidly since people will only invest in coins with greater potential. |
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There are two things that I want to highlight here and those are decentralization or regulation.
Wallets getting frozen clearly means that the coin is completely centralized but it also helps the user to report any theft or scams since the wallet provider will be able to freeze the funds as in the above case.
If people want to stop theft and scam then they will have to go for centralized coins where a centralized entity will have the ability to access your funds but the same would also ensure that better regulation can be in place.
If people want decentralization then they will have to deal with the scams and theft because they will be the ones responsible for it.
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