The age old politicians are just not capable to understand the power of cryptos as well as the one-exam-wonder beaurocrats. God save the country!
This is the fear of something new, India will accept cryptocurrencies only when most of the strong countries of the world will accept it. World's most of the strong economies like Japan, Germany, UK and USA have already legalized crypto. France is already drafting a law to regulate it. India is the 6th largest economy in the world and only strong economy with a negative outlook towards crypto. India will probably have to start thinking positively about cryptos when majority of the opportunities are lost to the global market! |
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Such outcome was well envisaged by the Indian crypto community. The kind of political leaders we have currently, we can only expect to go back in time. There was actually no hope that India will adopt the digital currencies. Rather, they are focusing on divide and rule politics since the inception of the current government. The age old politicians are just not capable to understand the power of cryptos as well as the one-exam-wonder beaurocrats. God save the country!
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What do we make of the coverage of institutions and governments quietly buying up large amounts if Bitcoin? Is there much reliable info/coverage on this? Seems like this might not be getting the attention it deserves. Or maybe I'm just being led on by suspicion/curiosity.
Opinions? Inside info haha
There's no evidence that governments are quitely buying bitcoins. I heard the case of Bulgaria only that they have summed up a huge amount of bitcoins. But no other government has made it public and neither they will! The case is even complicated for corporates! No one is ready to provide information on their crypto holdings and their research on cryptos! You can follow the below links and periodically visit for updates, https://blog.chainalysis.com/https://ciphertrace.com/blog/Probably you will get some insights from these analytics companies! |
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What does it matter how much fiat people think it is worth?
What is the difference between 1 x 0 or 100,000,000 x 0 or 100,000,000,000 x 0?
At the end of the day 1 btc = 1 btc
Correct! But even if the unit remains same, the purchasing power varies and that's what is being speculated by the OP! Till the time bitcoin is adopted worldwide at government level, there's no way people will stop comparing bitcoin units with fiat!
So my question is will it reach 1 million as is predicted or its far fetched?
*Calculation Source - newbtc.com
Good subject for day dreaming! It's indeed great to dream myself as a billionaire while sleeping and roaming around the city in a Lamborghini with hot chicks around! |
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"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
The financial crime rate is steadily increasing worldwide, cryptos are just adding to the value because it is somewhat easier for the hackers and criminals to handle due to the anonymous nature of the cryptos. It is also becoming a preferable currency to a lot of criminals because of the same reason. I strongly believe individual can't solve this problem. It needs the leaders to come under a common platform and fight against such crimes, just the ways G20 leaders are gearing up for the same. I am shocked to see a lot of people in the forum prefers to stay anonymous and ditch the banking system because they believe banks are evil and governments are cash-sucker morons! But they don't always understand the counter risk of the anonymity factor of the cryptos! Cryptos are already involved with the terrorism activity in NZ where the accused bought deadly weapons using cryptocurrency! Crypto regulation at a global level is the need of the hour! Without regulation, neither the crypto adoption will increase nor it will help build the reputation! |
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I don't really believe that bitcoin will change the way we live in 10 years, rather I believe that blockchain will do it! The way we are moving towards digitization, we will soon need a robust system which can't be altered by an influential person, blockchain is the only technology that is giving us hope for the same!
However, I don't think bitcoin is not going to be the reason for the change, but it can be a small catalyst towards the change only!
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In 10 years from now a quantum computer will have sufficient computation power to give a 51% attack on the bitcoin network.
Please discuss.
Lol!! Quantum computing is still under development and we don't yet have a realistic timeline! What we all are doing is speculation. Intel has just created a superconducting chip for such computing and it is still being tested. If quantum computer becomes a reality, will probably cost few millions and the usage will be restricted for governmental and research related use. Hackers won't have access to it just to launch 51% attack of crypto networks! Chill and take out such ideas from your mind! |
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Hello everyone I'm a new bie, I'm not an IT engineer. I have the idea and wish that blockchain and crypto will be used anywhere in the world. If you find this idea good, then take it to do it when you're confident you can do it. Or you can convey this idea to the responsible person, I would be happy if you could invite me to a cup of coffee in Saigon Vietnam.
Please put your email here, I will send you a pdf file for reference
BTCBTC
Why do you need someone's email address to share your idea when you have chosen a public forum to announce it?? I would rather advise you to make a presentation about your idea and post it in Scribe, reddit and here in bitcointalk. It would get you desired attention and probably you will be able to get a funding to make your idea work for you! Your approach is incorrect! |
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Hey  I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up. The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.Therefore I still believe holding for the long term can actually help you . It's called deemed profit or deemed loss. The same thing applies in real world stock market as well. Once you bought in a some equities, your deemed profit or loss depends of that equities' market price. Same happens with bitcoin or similar instruments as well. What's the bottomline of your statement?? |
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We all have different prospective regarding the investment , be it long term or short term.
Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.
Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.
So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?
Thanks everyone for taking part in this discussion.
I would rather go for both! I don't usually restrict myself from opportunities and gold is not actually an investment to me. Every month I invest some amount in gold through "systematic Investment plan". That is mainly I do to create wealth over long time which doesn't have much risk for negative return. Whereas my bitcoin investment is purely a speculative investment. I would not invest in bitcoin for creating long term wealth because the risk is very high! So I would go with both for different reasons, but gold is my choice for long term wealth creation! |
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^ I know how to stop all 3 of these in Bitcoin 2.0 (the real bitcoin 2.0 not bitcoin2) How?? What is Bitcoin 2.0?? I have seen you ranting against the systems and laws and governments all the time, do you have a solution to it?? |
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I had already made few posts earlier that, Facebook is yet to face regulation hurdles and conflict of interest with the regulatory authorities for Libra. They had initially informed that Libra will be launching in 2020, but I don't see it coming within this timeline! So let's put Libra out of the discussion!
Cryptocurrencies in general comes with pros and cons to the economy so a thorough risk assessment is needed before adopting it into a mainstream economy. The way foreign money can flow into a country using bitcoin, similar way ot can also go out in large numbers!
So a thoughful approach is required. Blanket ban is never a solution and I am sure US policy makers are aware of it. A blanket ban will never be able to stop bitcoin, rather it will be an opportunity lost for the US government. Trump is tweeting about bitcoin means, there is discussions and deliberations going on with the team of policymakers which certainly gives prominence to bitcoin. I am happy about it because at least powerful economies have started thinking about bitcoin.
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack.
Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree.
But then you get sportsbooks asking for photos and passports, and god only knows what else.
If a sportsbook wants all this, I respectly suggest they change to fiat.
Usually crypto gambling websites don't ask for KYC unless someone is trying to withdraw a huge amount of money! Now there are two types of crypto gambling websites, one is licensed and another is unlicensed with no origin of operations. Unlicensed crypto casinos usually don't ask for KYC documents. But licensed crypto casinos may ask for KYC in case of a large amount of withdrawal because they also have to comply with the AML law of their country of origin. I don't see any particular risk here! Are you mentioning any particular website here? |
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I completely agree with you about child slavery, it must end at all cost. But when you talk specifically about MICA mining, I may not agree entirely!! Let's look at some facts,
1. India is the 8th highest producer of MICA. China, Russia and even South Korea is way ahead of India.
2. The contribution of MICA mining in GDP is very insignificant and doesn't come in the top 10 list of mined minerals.
Child slavery is a big problem in India's mining industry. But the issue of child slavery comes from sheer poverty and not from Mining a mineral. Our politicians should have addresses this issue long back but they didn't do anything other than filing their own pocket. I am confident that the situation will remain same for another 100 years looking at the current government.
Now talking about the health issues. Marble mining causes more health issues than MICA or any other industry! 90% of marble laborers face respiratory issues due to lack of safety equipments. Do we ban marble mining as well?
Banning a product is not a solution to a problem. Rather we need a strict law to ensure that the manufacturers of beauty products pay a certain percentage of their revenue to the welfare of their labors and to ensure proper facilities to them! The companies making billions from beauty products need to ensure minimum safety equipments at their mines. Even though nothing is going to change overnight, but at least set us up to the right path!
If banning MICA can bring the solution to the child slavery, we need to ban Coffee products and Diamonds first! Do some research and you will understand why I am saying this!!
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In the EU, are tokens subject to regulation or is it the activity of raising funds using a token that is regulated? Is it different in other parts of the world?
Cheers.
Legal structures and regulations are always different in various parts of the world, that goes without saying! ICOs are being regulated under "crowdfunding" regulations in Europe if I am not mistaken! So some sort of regulation for ICO is already there in Europe. There are countries like China or Bangladesh which had banned ICOs completely! But majority of the ICOs are still remains outside the jurisdiction of regulatory agencies, especially the ICOs popping up from Small island countries like Malta, British Virgin islands etc. |
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I have read a lot of people claiming that the rank or online personality of the bounty manager can help in knowing the or determining if investing in a token project will be worthwhile. I must tell you I was of the opinion until this morning when I learnt about the incompetence of a bounty manager I used to follow. Remember most of us don't know each others beyond our online profile. I learnt he will be managing more bounty after he left his old profile to embrace another one.
Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.
So, don't join a bounty or invest in a project because of the bounty manager. Do your research before investing your money or time on any project.
Absolutely correct! If someone is investing in ICOs just because the bounty is managed by a reputed member, he is making a big mistake. Bounty managers can't determine if a project is a scam or not! However, a reputed bountry manager will always do his own due diligences before accepting a bounty management request. A reputed member would never want to be associated with a fake program. Also a reputed bountry manager usually means that the bountry participants will be paid in time! That's what matters for the bounty hunters! |
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Going with the back to back champions is a safe bet. The other four seems good with their W/L% but I would still not count Australia out of for the 2019 Cup. They are still strong contenders.
Absolutely it is safer to go ahead with the two time champions but we should not forget South Africa is also a very strong competitor of New Zealand and both of them are in the same group in the pool matches! So my pick will definitely include South Africa as second choice while NZ remains my first choice! But it is sports and it's world cup, so you never know!! |
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want trade by bot what do you think are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
Lol!! Trading bots are not money making machines!! They can't take decisions unless you do!! If you pre build logic within the bot and the market is not in your favor, then you will loose money! I don't know if we already have a trading bot intelligent enough to take decision based on market dynamics or not, probably a more veteran trader will be able to answer this! But I prefer to use my own brain based on market dynamics and take decisions accordingly! |
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