I have an idea of a exchange platform that can help the exchange increase the amount of users and transaction volumes. But now I don't have the financial resources to implement it.
Should I contact a exchange and sell the idea to them?
Can you give me a comment?
If you really trust your idea can be sold, register it first and apply for international patent before selling it to anybody. Because if you really see potential in your idea, it's better to safeguard yourself first and then go out to the market. Otherwise, any exchange can adopt your idea without benefiting you financially. |
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Just make a clone at a 1:1 ratio called "bittercoin". Then they have to re write all the dumb ass laws again when they are done, Call it a "tearto currency"
1 bittercoin = 1 bitcoin
It is not CRYpto it`s TEARto
Drinking the sweat tears of American $cam $lavery $ystem pushers.
I will trade 1 bittercoin for 1 bitcoin and vise versa for free.
Or we can call it nonsiezeablecoin, freemarkettradecoin, fuckyourbullshitlawscoin, etc etc.
Whenever they ban it, we just call it something new and transfer that 1:1 to that coin, supersupply, monay, cashash, moners, freedom (we will probably need to coin the word coin something else to).
How dumbass thinking it is!!! No government is taking the name of bitcoin alone or categorizing bitcoin only. If I take example of Indian draft bill, they have mentioned it as "digital/virtual currency with no controlling authority". That includes the entire cryptocurrency market. Even if a government only bans bitcoin and we take your nonsense route to save ourselves. Government can just pass an amendment to the bill and make it a law! |
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It's great to know that another Asian country besides Jaoan is looking to regulate cryptos instead of planning for a blanket ban. Where major economies of Asia like India and China still maintaining a negative outlook towards cryptocurrencies. Regularization will definitely boost confidence in the local crypto market as a framework will be available to the mass. Also it will attract international tourists to use their bitcoins and travel in Thailand. Overall it's a win-win situation for common mass and administration.
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According to my humble opinion, there are 3 reasons that lead to the current Bitcoin Bull Run:
1/ US Stock market: the US stock market has experienced strong growth over the past few years and may now be at the peak and unpredictable, the complicated trade war between US and China is confusing many investors, investors are even more uncertain about the long-term stability of stocks, so they are thinking about the other profitable investment tool, which is crypto and in the short term - Bitcoin, bitcoin is now widely known, it also has a US stock market derivative tool, bitcoin's inflation percentage also falls cyclical and more importantly its expected interest rate for a long time is quite attractive for adventurous investors, those factors will create interests for America investors in investing BTC.
2/ Miners: we all know that Bitcoin halving is very near (less than 1 year) and roughly 17 mil bitcoins have been mined. This made the demand of BTC increased. One other reason is some big mining company is preparing for US IPO (i.e. Canaan Creative), so they need to keep the BTC price high, then they can sell more mining device
3/ The need of USDT from Chinese: Since China government is issuing strict capital control measure and also weaken their currency. Therefore, USDT is a very good way for Chinese investors to escape this situation. This added more power for this BTC run.
I would strike out the first reason listed by you! I agree that the trade was between US and China has created confusion in the market, but that doesn't mean that the investments have started flowing into bitcoin. Actually we are too early to predict what actually has caused this current bull run of bitcoin. Same goes for the reason number 3. Halving can be one strong reason behind this bull run. But that's just an assumption! |
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Bullish sign ?
Nope!! Just a push towards digital economy and remain relevant for the years to come! Even Indian government has also started research and development on digital rupee as suggested by the last draft bill on digital currencies. But there's nothing to be excited about because whenever governments will release any type of digital currency, they will just be a digital representation of their strictly centralized currency system. |
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Sankalp Shangari is also the founder and CEO of LALA world. COSS is his new project and already started getting bad reviews as mentioned by erikalui. India is not a great place to start businesses around cryptos. So I usually stay away from any Indian project instead of supporting them. But COSS is registered in Amsterdam as I can see in their website so they won't necessarily come under the purview of India government it seems. BTW, COSS requires KYC as well. Look at the below link, https://cosssupport.freshdesk.com/support/solutions/articles/35000103546-kyc-guide |
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HELLO ,
ANYONE KNOWS WHICH WALLET I CAN SEND AND RECEIVE BTC WITHOUT LIMITS?
AND WHERE I CAN BUY BTC WITHOUT LIMITS ...
LIKE 500 BTC IN ONE DAY ,IS THAT POSSIBLE.?
PLEASE ANSEWR ONLY IF ARE YOU SURE ....
THANKS
Bitcoin doesn't come with a censorship like Banks. So you can use any wallet (not online wallets) to send and receive any amount of bitcoins as per your wish. You can use Electrum or you can use Greenaddress wallet where you will get a desktop client and you won't need to download the entire blockchain. No censorship will bother you! However, if you want to buy bitcoins without limits, some exchanges may bother you with KYC details! So if you are buying such huge amounts of bitcoins (like 500 btc), it's better to get in touch with the support team of that exchange and negotiate a better rate with them! |
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Ok first lets take a look at the letter written by V.G. Siddhartha to his own company employees, https://www.business-standard.com/article/companies/full-text-of-letter-written-by-ccd-s-siddhartha-before-he-went-missing-119073100066_1.htmlIt raises a lot of red flags as to how Banks and government agencies are extorting businessmen and harassing them mentally! Otherwise the owner of nearly 4500 crore INR wouldn't have taken this suicide route! The cash crunch that you have mentioned here, was not always there! It was created after the DG, Income Tax blocked their deal and imposed hold on the shares in question. It's simple bureaucratic nature of administration of our beloved country where some random people pass an exam and start heading a government department! In my 9 years of professional experience I had the misfortune to work with an IAS officer for 2 years and I now understand what exactly Mr. V.G. Siddhartha was going through! Anyway, I believe crypto wouldn't do much in terms of liquidity! In India, majority of the population thinks cryptos are ponzi scam because they have been educated in a negative way. 99.99% wouldn't use crypto at CCD at the first place! Probably its international outlets would have seen some minor % of sales in crypto but not certainly in India! |
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the sale of counterfeits and pirated goods are worth $1,700 billion per year Are you sure about this number?? Looks exorbitant!! Blockchain technology can't help in identifying bank issued notes until a microchip is installed in that note! There has to be a tracking mechanism installed in the physical goods to attach it with the controlling blockchain, otherwise you won't get the desired output! Because two notes with same number can't exist and a tracking mechanism is needed to separate the legal note from a counterfeited note! I am practically getting no other solution to it! |
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Even after reading about the red flags and bad reviews, you wanted to jump! What's the point in crying now? A little Google search revealed the below link to me, https://casino.guru/bitcoinpenguin-online-casino-reviewIf I were you, I would have never opened their website itself!! |
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Hello guys, how are u guys ?  I have a cryptocurrency online course and one student asked me something interesting.. How do you find out how a cryptocurrency was distributed at the beginning? If was by faucet or ico ? The NANO Cryptocurrency i know that were distributed by faucets but i read the whitepaper and found nothing about it... So... How do you guys discover how a cryptocurrency was distributed at the beginning? There are several ways for distribution of a coin! Faucets are mainly a business tactics and in majority of the cases, faucets are not owned by the coin owners! So if you think of a large scale distribution channel, faucets are definitely not the most effective way! ICO/IEO is by far the most effective way of distributing cryptos. You can also consider bounties as a distribution method with mutual benefits! There is no particular way to discover how a crypto was distributed in the beginning. But you can certainly search google if a particular coin had announced bounties or not or if they have facuets or not! There's no structured way of finding this. |
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Hello guys , i found a new trading platform that have and a currency - BQQQ ( current price 0.01$)
It is very easy to use - register - pass the verification of your id and youre ready to trade.
Tradings are simple and you can exchange in various of coins simple and instant.
I found it very intresting and i will hold their currency as i see it is going very well and
the fact that they have a currency show that they are a serious trading company and i will not have
any problem with my transactions and my funds.
So give it a try Bitsdaq.com is the adress i recoment to anyone want to make crypto tradings with no fear
and anyone ho want to invest in new crytpo coin
Why would anyone need to submit KYC before reaching to a certain threshold?? Bitsdaq looks pretty normal to me like any other random exchange build out of an ICO. The UI is very familiar to me which looks like built from an open source exchange software without going deep into customized coding. I don't see any specialty in this exchange which can make them worthy of a special mention! What's unique in this platform which we won't find anywhere else?? |
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Well!! Anthony pomplian the co-founder of morgan creek says that countries whether it’s China, Russian or the US, that embrace bitcoin would be frontrunners in the financial technology space. What's your point of view on this? Consider the below scenario, A man is walking through a desert without a bottle of water. The man is feeling very thirsty and dizziness is slowly engulfing his body and mind. Suddenly he sees an Oasis which can save his life. He thought of going towards that direction but at the same time a second thought strikes his mind - "can it be an illusion?". If yes, then he would not get the life savings water as well as loose his trail. But there is also a chance that the Oasis is real and can get him back to life with hope and energy! His mind is now divided with one part pushing him to go to the direction of the Oasis and the second part is confusing him and pushing him back! Now imagine yourself in the same situation and let me know what would you choose?? Majority of the nations (including mine) are currently stuck in the similar situation and not realizing the true potential of cryptos in the future economical scenario. Their minds are divided because Orthodox Banking class is asking them to ban it and tech-savy young generation is pushing them to adopt it. Japan has already got an edge over the competition by legalizing it and adopting it as a mainstream currency! In 10 years down the line, I won't be surprised if the emerge as the top financial powerhouse of the world! |
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This is now the new trend, every exchange wants to do ieo no matter how shitty the project is. If you are investing in any ieo, consider it a big risk. If it pays off, fine. If it doesn't, we learn.
Same goes for ICOs, same goes for shitcoins as well! Initially we all though that exchanges are doing their own due diligence before listing any project to conduct IEO, but we don't have any solid proof to support the hype! Let me give you a very interesting statistics below,  There are exceptions as well but they are not great in numbers! IEO and ICO both are same, just the channel is different to win back some trust from the mass! |
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TA guys are such a bunch of jobless bullshitters. Every prediction is a fail. Every video is just there to make real money from Google Adsense ...
I never watch such prediction and Technical analysis videos as it usually gives a contradictory view to my own understanding of the market! These youtubers just want to earn money from their videos and that's why they try to create flashy subject lines and attractive video thumbnails! There's nothing wring in earning money, but it is certainly wrong to misguide people. One recent example is below, https://youtu.be/q1LiCNnd9d8First look at the title of the video and then see the content! Just a clickbait! |
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The book was actually published in 1997 and not 1998. At first place, I was not surprised when I started reading about the cyber money because people were expecting such changes from the beginning of the internet era.
But I am shocked when I landed to the second paragraph. I am surprised how accurately it talks about the structure of today's cryptocurrencies and the borderless crypto exchanges! Very very surprising indeed!
Edit- the timing was typo error. I tried to say 1997, but typed incorrectly! Sorry about that!
Plus here's the exciting statement that we have yet to see, "It will be tradeable in a keystroke in a multi-trillion dollar wholesale market". Find one cryptocurrency that's most possible to lead in the multi-trillion dollar market. Buy the?  Absolutely! I meant the whole 2nd paragraph is shockingly similar to the cryptos that we have now! After yesterday, I started reading this book and another striking comment I read just below the chapter you highlighted! It says, The Transaction Cost of "Free" Currency:
Use of this new cybermoney will substantially free you from the power of the state. Bitcoin maximalists always want this to happen and that is the main reason why majority of the nations are thinking to put strict regulations around cryptos while the cryptos are born to be free from radical capitalism! BTW, the entire book is a great read! un-put-down-able is the perfect statement! |
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Lately, there is a big buzz and fuzz on the introduction of the new cryptocurrency (some called it as fake) called as Libra which is under the leadership and influence of the people behind the Facebook social media conglomerate. What resembled like a circus, politicians and other known personalities expressed apprehension that what Libra can bring will put the global financial and economic system under jeopardy and control of a select few men which I assumed the public don't trust.
But I am wondering...is Libra really that potent that it can disrupt the currency financial system or are these people just imagining things which will never happen anyway? Are we ascribing power and influence on Mark Zuckerberg that can turn out to be a dud later?
Libra is a far fetched dream for Facebook now! US authorities have already raised concerns on Libra and I am sure a lot of other countries will do the same as and when Facebook will try to enter there! There will be no Global currency available at least in our lifetime. The current geo-political scenario doesn't support such type of global currency and I don't think it will ever be possible! Libra will continue being in R&D phase I doubt will become a reality ever! Don't be over-optimistic about it! |
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Hi Reeya, I believe it makes more sense to report crypto related earning under section 44ADA as a professional income. This year my CA suggested the same as it comes with a lot of benefits.
Firstly you are allowed to deduct 50% of your crypto earnings as expenses which will reduce your tax burden. Secondly, you are not required to keep accounting of your earning if it remains below 40 lakhs.
I don't think capital gains/loss will be applicable in the case of crypto because crypto is not yet classified under any particular asset class. 44ADA is more realistic when we have no clear tax guidelines in place!
How can you deduct 50% as expenses? It may be applicable for those who trade as their losses can be counted but not for those who earn and withdraw via fiat like signature campaigns or other freelancing jobs. It doesn't matter at what price they got those bitcoins and what price they sold it at as INR is not involved here. We can't even use the fee as an deduction I suppose. 44ADA is specifically created for freelancers! Traders and investors will have to go through the capital gain/loss route! But whoever is engagged with freelancing and earning in bitcoin, they can take the benefit of 44ADA. You need to calculate only the amount you hve cashed out in fiat and not the whole amount of bitcoins earned! For example, you have earned 1 bitcoin from a signature campaign but cashed out only 0.5 bitcoin in fiat. So you need to show only 0.5 in Indian rupee as your income. There is no specific law regarding cryptos yet in India, so we can take such leeway! Read details about 44ADA below, https://www.paisabazaar.com/tax/section-44ad-income-tax-act/ |
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The book was actually published in 1997 and not 1998. At first place, I was not surprised when I started reading about the cyber money because people were expecting such changes from the beginning of the internet era.
But I am shocked when I landed to the second paragraph. I am surprised how accurately it talks about the structure of today's cryptocurrencies and the borderless crypto exchanges! Very very surprising indeed!
Edit- the timing was typo error. I tried to say 1997, but typed incorrectly! Sorry about that!
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Hi, quick question I came up with today, I was curious about... Do you (the owner, whomever) need any license(s) to "legally" operate an Online Crypto Casino (Slots, BlackJack, etc...)? Are you in risk if you don't have them (if you need them)? Like if I made a website tomorrow, could I legally run/operate it and accept deposits?
It all depends on your local law mate! If your local law explicitly say that you require government approval to carry out such kind of businesses, then you would require license. I would recommend you to get a license before you start operating a crypto casino and get yourself acquainted with the IAGR (International Association of Gambling Regulators) norms. We certainly don't need crap casinos to run in the market! |
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