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I have previously viewed CRED as a friend suggested me to do so but when I checked it's reviews I was taken aback.
The app is shit as the reviews said. It doesn't pay the bills on time even if we have made the payments 2 days prior to the due date.
So I won't recommend anybody to download and use this app.
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--SNIP--
Also, I am about to start something new related to crypto and if things go well then may be I shall link that to bitcointalk as well.
Looking forward to the initiative you are planning to bring in pawan.
So if you want quality discussion, first let's ostracise the trolls and butthurt worms that the Indian community attracts. There is no unison here.
Go to the Turkish board or the Spanish or even the Phillipinian board, you raise a finger against one of the older members and everyone starts defending them if they aren't guilty of anything.
We Indians aren't like that. Maybe not the entire billion of us, but how much of our population even knows or cares about Bitcoin that they find their way here?
Those communities are huge and people have connected over a long time. I think this also has a lot to do with our work ethic as Indians. I wouldn't be surprised if a lot of people are wary of directly associating themselves here. We also need a few path-breakers from the initial days. Benson was a decent guy of course but I think he is yet to recover from the backstabbing he got from that phD guy who had the private keys. Its about trust and integrity. It is sad that we as a creed of men have become so morally bankrupt that one man cannot trust another man. This lack of trust and integrity seeps into all walks of life. Even if someone is doing something good, there will be a few people always trying to pull them down. Yet, for all the gloom, let us hope for the best. I am sure there are a few bad apples everywhere, in every nationality and community. With certain laid down principles and good examples, we can all be better together. This I strongly agree. So then what are we waiting for. Let us all unite and together we can cleanse the Indian sub and begin a new journey. Let's plan accordingly and decide how we can achieve good discussions, awareness and development of Crypto. |
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I am going to clean house this weekend. We have had a lot of members both here and in 777Coin which have over 50 good reported posts against them (that's deleted posts), these members will no longer be part of this campaign and I will make sure that the serial spammers and/or low effort posters will no longer wear our signature and get paid for it.
This has been a long time coming and if you find yourself on the list, try and improve, that's all I can ask.
As of now I won't entertain any applications until we've revamped and removed these members.
It will never happen trust me, unless you are going to put some bars into most of the users who'm you think is abusing this campaign. I personally can't demand something but Lightlord should reconsider his terms as well. People are spamming because of the high max post count plus he even added that bonus when you can complete the maximum posts. So if Lightlord is serious about this. You might want to consider discussing this matter. I suggest to add the merit requirements and lowering down the maximum post counts. @Hhampuz, @darklus123 is actually right here. High number of max allowed posts generally leads to spamming since people tend to do more posts for more money decreasing their post quality. The bonus indeed was a bonus for spamming. You could instead decrease the number of max posts and increase the pay rates slightly so that people get encouraged to have a better post quality. |
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He would have definitely thought of tax when creating bitcoin since he had created bitcoin during the days of financial crisis in the stock market.
Not that he wanted to tax bitcoin but he had to eliminate the middle man interventing in his transactions and eliminating tax was just an additional benefit from his creation of bitcoin.
Satoshi was a smart guy. He had created bitcoin consciously and would have definitely kept tax in mind while doing so.
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I don't think ambhani will enters into crypto market,already Jio network is in huge loss so ambhani is selling his fuel industry to reduce the loan burden and also allowing foreign investors to share the jio.
I am using telegram app,nothing wrong with it but while opening on window of a brwoser it blocked
I don't know if the Jio network is in a loss or not but I did dig up a little to find out that Reliance is selling 20% of it's oil-to-chemical industry to Saudi Aramco. The amount is not so huge for Amabni since he is so rich. Besides that, Saudi Aramco is going to be a subsidary of Reliance as per their agreement. So this is considered as a win win situation for both the companies. According to me, it's just a new strategy that Ambani is implementing. As for the Telegram issue, the IP is blocked only on Web browser and specifically for the Jio network. Jio did respond that they are following the instrucitons by the govenment but if that was the case then why did the other ISPs didn't block Telegram for web. Also you can try using the desktop app for Telegram and I assume it should work fine. |
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@legendster you are a great forum member who is an Indian which is hard to find. So does amishmanish,avikz,Avirunes,Joel,webtricks,Virtual Miner,r1s2g3,erikalui being one of the top notch posters of Indian Board. If I don't apply for merit source nor if I don't spend majority of my merits in this board the posts of you and other people who strive hard to help this board for betterment would never be recognizable. If I give away my merits for the Indian posts, people would be interested in joining quality discussions and certainly contribute to the board as a whole.
I don't think its quite appropriate to reveal nationalities of so many reputed and recognized members. The Indian board has been kind of idle for so long which is one of the reasons why I don't post much on here. But I do see some traction these days and so thinking to encourage discussions in this board by making some good quality posts. Also, I am about to start something new related to crypto and if things go well then may be I shall link that to bitcointalk as well. |
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I can tell you now, Libra will be a dead born baby. The announcement from Facebook that it would effectively create their own global currency, immediately grabbed the attention from governments that wants to protect their own reserve currencies. Gears are set into action to strongly regulate Crypto currencies and Blockchain technologies. The end result will be that Bitcoin and all other "public" Blockchain based technologies would suffer as a result of Facebook's attempt to create their own digital currency.  Andreas pointed to the pillars that makes it different to Bitcoin and why it would fail, but I think the difference is irrelevant in a scenario where governments over regulate all competition to protect their own reserve currencies.  You have a point that the governments will strictly regulate all cryptocurrencies including Libra and Bitcoin but I guess it has to happen someday. Whether or not Libra would be launched, if we want bitcoin to go mainstream then it should definitely face the challenges from the governments and banks hence leading to regulations. In fact, I believe that Facebook has done a good job launching Libra in the first place because now Libra will face all the criticism from the governmetns and banks. This will benefit bitcoin because if Libra gets accepted or legalized or regulated whatsoever then bitcoin and other cryptocurrencies would probably be accepted too  . |
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Banks haven't really gotten involved in bitcoin or any other crypto in any meaningful way, but I suspect that they'd follow the same procedures as any other loan if they did start lending cryptocurrencies (and I don't think they will, since very few people accept it in general). I'm often curious as to how large scale bitcoin lending operations, such as those by a central bank or similar, would work. Obviously with lending on small scales, such as that which takes place on this forum, the lender takes bitcoin from their holdings/reserves, and sends it to the borrower's address. However, when banks lend fiat to individuals or to businesses, it's not a case of them taking any fiat from their holdings/reserves and putting it in to the borrower's account. Generally when banks give out a loan, they simultaneously create a new credit and a new debit of the same amount. New money is created out of thin air, and the bank doesn't need to move any money from their reserves, or even have enough money in their reserves to cover the loan if they wanted to. This credit theory of money, while possible with a monetary system such as fiat where more can be created at will by centralized entities, isn't possible with a system like bitcoin. If a central entity wanted to lend out bitcoin, they would have to have the bitcoin to actually lend out. A fractional reserve system would be possible, although probably with a much larger fraction in reserve than commonly occurs in fiat banking. I for one would never let a third party store a fraction of my bitcoin whilst lending the rest out, but given the number of users who seem quite happy to hand over complete control of their coins to web wallets and exchanges, I have no doubt a fractional reserve system could exist. Good wondering. Obviously the same lending operations as banks do, cannot be carried out with bitcoin. Firstly, because bitcoins' supply is limited. If we put the credit theory here and if bitcoin reserves would lend out bitcoin to other then that must create new bitcoins out of thin air but that is again impossible. So the total idea of lending in the same way fails right here. Just imagine how would lending work id they had out lend gold. Not money based on gold but actual gold. Reserves would have to give out actual gold and that would not create new gold out of thin air. Although new gold can be mined but then there is a limited supply to gold, we just don't know how much. As for the large scale bitcoin lending, well it might be possible in some way, probably huge collaterals based on trusted entities and escrows. Even that would only be possible if bitcoin is trusted and accepted as a legal currency. |
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Bitcoin has been great throughout its entire existence. It gives us extra income and helped us achieve our financial goals, but that will not come easy.
TRADING. The main source of getting an income would be trading. The name already sounds hard, what more would be the application. Countless loss but still have patience on trying again. I continue fighting.
HODLING. The laziest of them all. All you need to do is to buy a definite amount and wait for it to get higher. The only enemy is the long term patience and greedyness. Its tiring but i continue fighting.
MINING. Well, i skipped this because i dont mine and ai dont have any resources to do it.
CAMPAIGNS. This thing becomes rare these days and if they have, theere are only few people who get listed. Most probably those with higher ranks or higher merit achievement.
I always woke up having 20 posts deleted almost everyday and all the comments ive posted removed because of off-topic reasons. I always end up not having a minimimum post count on my campaign and seems like my account are the only account who is monitored. Its more frustrating i guess. I feel like they do not want me to tell my opinion or something.
Signature campaigns arent that much profitable not like last year. Even i dont meet the post count every week, i still try my best to give more intellectual opinion as possible. I continue fighting
Earning bitcoin is definitely a hard thing especially when it comes to earning it through low paying jobs like the campaign we both are in. It has become worse after bitvest decreased the pay rates but then we can't blame them. They are doing what they have to do. It's our necessity. We have to find better alternatives if we wan't to earn more. @Pooya just gave a brilliant idea of doing any job you are skilled in and then use the payments to buy more bitcoins. I guess I am gonna try that by doing some online jobs and then investing the amount in crypto  |
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This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists. They receive press releases, they send them to a guy in Asia (they probably found him on Fiverr?) to rewrite it somehow, and they publish it without understanding anything. This is exactly what they did in the following 2 articles: https://www.coindesk.com/crypto-traders-who-lost-big-in-poloniex-flash-crash-receive-bitcoin-refundshttps://cointelegraph.com/news/poloniex-will-reimburse-135-million-loss-from-clams-flash-crashI'm a victim here. I've lost more than one BTC in this 1,800 BTC affair, which I explain in this topic. Coindesk and Cointelegraph are both saying I will get my money back, but I won't, nor will anyone. It's 100% fake news, and Poloniex knows it very well. That's his plan. What Poloniex has been announcing is that to all people who have had their money stolen, Poloniex offers all trading fees. That sounds like a nice gesture, except that trading fees for a maker is 0.15% at this exchange. As anyone can imagine, to get 1,800 BTC back from a 0.15% fee, that will take a lot of trading... And actually, no trading will happen. Because, as everybody affected, when I discovered that my coins were gone, I quickly withdrew what was left of it. Hey, when you see that your coins disappear, you don't leave them at an exchange you cannot trust! So Poloniex won't have anything to pay, and that's what Coindesk and Cointelegraph should have they have said, if they had understood anything about the issue, or if they had any will to give good information to their readers. Well that must be really sad to lose such a big amount. The scheme that Poloniex have announced definitely sounds like a shit one. Reimbursing the amount through trading fees sounds like a terrible idea to me. Why would a person invest such a huge amount into the same exchange which was hacked. The article also said that Poloniex had reimbursed 10% of the lost amount i.e. 180 BTC and distributed it proportionally to the investors. I wonder if that's true. Did you get the 10% of the lost amount? |
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Finally a good news for India after so much time. India was facing too much of criticism from the crypto community after the recent draft of ban on cryptocurrencies.
Now that Reliance Jio has announced to implement projects based on the blockchain networks we can finally be positive about India not banning cryptocurrencies completely.
Ambhani talked about blockchain not about the jiocoin right? Then why you were relating crypto currency draft bill with implementation of blockchain. Yeah I know implementing blockchain based projects and banning cryptocurrencies are two separate things but I am hoping that if Reliance is implementing blockchain projects then may be they would use cryptocurrencies too. Now since we all know that Ambani and Modi are such good friends, if Reliance would use cryptocurrencies then Modi would not let cryptocurrencies be banned in India as per the recent bill drafted. Please check the web address again,for me its showing error. Telegram is blocked by Indian ISPs, so search manually as Erika said or use VPN. ISPs have not blocked Telegram at all. I am regularly using Telegram without any hassle. |
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I think that many people use BTC for payments in the Darkweb just because it is well established in the crypto market.
Since it is at the top, most of the people would be holding BTC hence making it easy for people to make transactions in BTC.
Also, the recent news said that the binance hackers have use Chipmixer to mix over 4800 BTC which means mixing sites are doing well at their jobs.
So bitcoin would be a better option for many than the other coins.
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I don't know if I should take that as a a good news or not because the hackers just increased their chances to be caught by mixing such a big amount in one go.
It depends on Chipmixer whether they would have stored the information necessary to catch the hackers.
If the hackers get traced then Chipmixer wasn't a good mixing service after all and the hackers did not get traced then it just proves how good Chipmixer is at it's job.
It will be fun to watch what happens next.
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I think it's not completely safe to put all your investment in bitcoin since the price keeps fluctuating so much.
I would rather decrease the risk by investing half of the amount in bitcoin while keeping the rest in Fixed Deposits or Mutual Funds.
Although the returns might not be as much as bitcoin could give but at least the risk of losing the investment will get decreased.
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What my parents think : I might be into some illegal work and hence they advice me to stay away from illegal things
What my brother think : I am into some get rich quick scheme
What I think : I am using a revolutionary technology that will potentially change the banking and financial sectors globally.
What I actually do : Take part in campaigns to earn money and reinvest
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Finally a good news for India after so much time. India was facing too much of criticism from the crypto community after the recent draft of ban on cryptocurrencies.
Now that Reliance Jio has announced to implement projects based on the blockchain networks we can finally be positive about India not banning cryptocurrencies completely.
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Can't really say about that. There are numerous possibilities. Bitcoin may or may not become the global coin in the next financial crisis.
Also, what if the big investors buy bitcoin and the price goes up but then whales sell their coins and dump bitcoin's price.
What if the whales are actually waiting for such a scenario to occur. That would seriously hurt investors' sentiments and beliefs over bitcoin.
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He might have his reasons for not supporting bitcoin or Libra but that does not mean the bitcoin revolution won't take place.
It still has full chances to revolutionize the world globally. May be in the next financial crisis, may be sooner or later.
Unless and until there are people like us supporting bitcoin, bitcoin is here to stay and grow.
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Whatever you have heard is just the FUD which has been spread over globally. I don't understand why people believe such news without confirmation from the government.
Always acknowledge the source from where you are getting the particular piece of information. Analyze the source because most of the times if it isn't from a trusted source then it's probably fake.
As for buying crypto in India you can use peer to peer platforms. WazirX is a trusted peer to peer platform but requires KYC.
You can use Localbitcoins where KYC is not required but is filled with scammers. So you have to dig up and find a trusted trader with high reputation to not risk your money.
Also there is an alternative to WazirX and that is Koinex.
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Technical analysis, Fundamental analysis and Sentiment analysis are some types of analysis which works well in Forex and Stock market.
But none of these works well and in sync with the crypto market. Is there even a single type of analysis which can give if not accurate then at least a near target price ?
Most of the times the market plays against us which indulges us in bearing losses.
Do you guys think Psychological analysis can help us in making better decisions and setting better targets?
Predicting the price as per the news and events in the market and how people react to it could may be give us better profits.
It is possible but there are at least two issues with this, the first is who do you think gets to know the news even before they are published? The whales of course, which means that by the time you try to take advantage of the news the move may be over already, and second how will you know in which direction a particular news will move the market and how much it will? Lets suppose that Google plans to release its own coin, is this bullish or bearish? And regardless of the direction how big the movement will be? 1k, 2k, 5k or it will be even bigger than that? You have a really good point here. This just made me think that not all people think alike and hence people may react differently to different scenarios. Lets take your scenario, if Google releases it's own cryptocurrency then there will be some people who would think it's a good news that Google is getting engaged with crypto thus buying more coins. But there will also be some people who would think if Google releases it's own coin then it might be a threat to bitcoin meaning it might result in bitcoin going down thus selling their coins. So I guess Psychological analysis wouldn't help in such cases at all. |
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