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4481  Economy / Trading Discussion / Re: How to transmit funds from an exchange to relatives on: July 19, 2020, 02:50:51 PM
If you lose your 2FA then binance have a procedure where it asks you for your backup code from where you can reset the 2FA and if you don't have that as well then you have to go undergo the KYC process where identifies your identity and then gives you the access to your account.

In case something happens to the owner of the account then there is nothing their relatives can do unless they have the access to your account.
This is why you should ensure that you have kept the backup code in a safe place and have informed about it to your relatives so that they can access your funds in case of a misfortune.
4482  Bitcoin / Bitcoin Discussion / Re: Institutional Interest in Bitcoin (BTC) and Crypto Markets are Rising...And the on: July 19, 2020, 02:41:06 PM
It has been a long time now that bitcoin is in the $9000 range. I guess the bitcoin market might show a change on the upcoming few days.
As we are seeing the signals of a pump in the price of bitcoin there might soon be spike in bitcoin's price.
If the institutional investors start throwing their money in bitcoin then it's price might create a huge spike.
Though there are good signals of a pump we should still keep an eye on bitcoin because if a correction happens and bitcoin breaks the support then it's price might fall down again.
4483  Bitcoin / Bitcoin Discussion / Re: Why The FBI Aren’t That Big On Bitcoin on: July 19, 2020, 02:34:53 PM
I guess the FBI is already after bitcoin for many years now. Since the beginning of the Silk road crimes related to bitcoin were taking place over all and I guess FBI would have been after bitcoin since then. Though the crimes related to bitcoin might have reduced now, it surely would be in the blacklist of FBI.
I don't think crypto investors should have to worry about their investments if they are showing their earnings to the government.
So as long as you are not doing anything illegal then you are good to go.
4484  Bitcoin / Bitcoin Discussion / Re: Twitter hacked account. Details about what really happened on: July 19, 2020, 02:28:49 PM
That's really a shame for twitter since the hackers were successful social engineering the twitter employees.
Being such a well established social media platform twitter should have had higher security on this one.
This shows how you are not so safe on the internet and why we should all educate ourself to be self secured online.
4485  Bitcoin / Bitcoin Discussion / Re: If bitcoin doesn't reach $500K in 3 years.... on: July 19, 2020, 02:16:56 PM
This is a good time to highlight this statement by McAffee. I have always been saying it myself that we should never follow any signals from anybody.
We should always research by ourselves and make the speculation rather than following others.
This way even if our speculation is wrong, we would be the one to blame and this will also give us an experience to learn from.
Bitcoin predictions are just guesses and some gets lucky at it while the others suffer the loss.
So why to follow other's predictions when you can make one yourself.
4486  Alternate cryptocurrencies / Altcoin Discussion / Re: Investment in a wrong way on: July 18, 2020, 08:06:21 AM
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.
4487  Alternate cryptocurrencies / Altcoin Discussion / Re: How Altcoins Failed To Win Over Bitcoin on: July 18, 2020, 07:55:40 AM
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.
4488  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers favorite tools on: July 18, 2020, 07:34:37 AM
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.
4489  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you trade if you won't leave your coins on exchange on: July 18, 2020, 07:04:21 AM
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.
4490  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your opinion about HEX? on: July 18, 2020, 06:48:04 AM
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.
4491  Local / Mining (India) / Re: Bitcoin Mining Hardware Ranchi on: July 17, 2020, 03:36:07 AM
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.
4492  Bitcoin / Bitcoin Discussion / Re: When Bitcoin Must Be Inherited on: July 16, 2020, 03:30:17 PM
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.
4493  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Technology. on: July 16, 2020, 03:14:38 PM

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.
4494  Other / Off-topic / Re: Twitter hackers are So low IQ. - Many Twitter Account Hacked on: July 16, 2020, 02:41:54 PM
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.
4495  Bitcoin / Bitcoin Discussion / Re: What does the police do if they seize bitcoin from criminals? on: July 15, 2020, 03:59:38 PM
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  Grin
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.
4496  Bitcoin / Bitcoin Discussion / Re: Bank of America now treats BTC and ETH as Cash on: July 15, 2020, 03:49:33 PM
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.
4497  Bitcoin / Bitcoin Discussion / Re: Is your Bitcoin address known to surveillance? on: July 15, 2020, 03:36:52 PM
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.
4498  Other / Beginners & Help / Re: Tell me a reason why I should use online wallet. on: July 14, 2020, 02:27:48 PM
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.
4499  Local / India / Re: Signature Campaign earnings and GST | People please pay attention! on: July 14, 2020, 02:10:03 PM
I am not well versed with tax calculations but I have a doubt here
Quote
“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.
4500  Local / India / Re: Cashaa hacked. 336 BTC Stolen. on: July 12, 2020, 06:11:54 AM
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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