Why a whatsapp group ? There are variety of options available for a group chat rather then adding through whatsapp .We all want anonymity on the web and of course get away from useless forwards.A group will be a nice away for like minded people but not phone number,we can make a channel on IRC node that would keep us all together and safe.
Then in irc chat ,many will use fake name to register and will do stupid things .thats why he is making group via phone no. irc chat has anonymity which is important to some, whereas some simply dont care about anonymity, safety. Individual choice. The webforum could be used to advertising, in same way whatsapp group could be used for these kind of purpose as well. Only difference with Wgroup, group admin will have all rights to advertise and earn money. THere are whatsapp groups which charge money just to join. This could be nice way to earn money. |
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This is just a problem with India and I guess this is a global problem that is hard to solve.
They are everywhere.
You mean to say that this is not only in India problem but you can see lot of other country users are also promoting this type of scheme and scamming the users. But that is the approach of the bitcoin users which we cannot do anything as this type of scheme are runned even in fiat currency also. True that, ponzi,HYIP and MLM scammers are all over the world. However if you look at the kind of restrictions put on the any business scheme or investment plan in the USA. This kind of regulation is missing in India. |
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Price is already jumping towards 13k$ without any reason. Do you think if Chinese exchanges lift ban there will be chaos in the bitcoin market. "? B'cause No one like their money locked without no reason for so long. Players in those exchanges might be thinking "Who knows what will happen next time. It's better to sell whatever we have or at least get it out from exchange and dump somewhere else." At least they would get some return for their bitcoins.
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Are there any videos or howTos on using wallet for purchase or sell? The interface is less intuitive. If you have any documentation about using HolyTrasaction for alt-coin trade then share them. Also create some videos in English about wallet.
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ETF rejection didn't cause trouble for bitcoin price. It is still growing strong without any reason. Only explanation would be pumping and dumping soon. Till now PBoC and chinese exchanges have stopped withdrawal from bitcoin exchange. Till it is allowed it is difficult to say anything.
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For the time being, it's going to be the dollar.Bitcoin is a bit too niche to be the currency of the world. However, the future currency of the world will probably be an online one similar to bitcoin, because more and more people are just using cards and not physical dollars anyway.
I hope in next 5 years bitcoin can be new world currency, especially in my country.
US Dollar will remain the world currency until any other country manages to do so. This scenario is difficult to manifest in near future. USA will do all necessary thing to keep that power with them. Bitcoin has very low chance of winning the race here. |
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Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.
Well eventually bitcoin ETF was dumped by the United States of Americas Security and Exchange Commission or SEC. I dont get the clear reason why they disapprove the bitcoin ETF. In my opinion it is possibly because of bitcoins volatility and the SEC is worrying that this kind of bitcoin nature will cause many investors to big a loss amount when the sudden volatility occurs. It's because the SEC's mandate is to protect investors, and there's no way they can do that with bitcoin. They cite the fact that the exchanges that bitcoin currently trades on are unregulated and subject to manipulation, and that there's no way to discern the forces behind bitcoin price movements due to it's anonymous nature, as major reasons a bitcoin ETF would be not suitable for them to approve at this time. Keep in mind, there are still two other bitcoin ETF proposals that have been submitted to them and are still pending, but you should anticipate the same result. I don't find it terribly important, this alone is not a large stumbling block in bitcoin's future compared to the ones it creates itself. SEC has taken decision to protect the investors. Now it is interesting to understand who are these investors? These are high profile financial institutes, big banks who rules and regulate the market. Stock market or commodity market was never for common man, it was always a tool for these financial investors to earn profit. SEC did just that they protected the interest of investors. Anyway bitcoin in its nature is decentralized and cannot be regulated thus it becomes a lose canon for SEC if anything goes wrong with bitcoin. |
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The day Chinese exchanges lift ban there will be chaos in the bitcoin market. Noone like their money locked without no reason for so long. Players in those exchanges might be thinking "Who knows what will happen next time. It's better to sell whatever we have or at least get it out from exchange and dump somewhere else." At least they would get some return for their bitcoins.
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Price is back to the 1200$ plus zone. Seems correction may take some time to happen.
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I dont Know Whats Logic In This. Cashless Cashless everywhere and then shopkeepers charge 2% more if from Debit/credit card. imagine if the money will rotate in 10 people then 2% will be how much. we are loosing 20 rs in same 100 Rs .  . Govt fooling us. It is Not the government but the banks which are screwing customers from both side of transaction. The cashless transaction charges are from banks in fact govt is having opposite stance on it. Govt does not full authority over Banks but the RBI does. So cashless transactions are just another way for banks to exploit customer. Again people will embrace cash transaction with double enthusiasm due this behavior from Banks and Govt. |
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THANK YOU R_D FOR DETAILED GUIDE  Correction, It is 'S_D' and not 'R_D' |
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Even after ETF rejection price dropped only to recover shortly. Thus there is no point in waiting for lower prices. Though better correction is expected.
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Market has recovered better than expected. The price is again heading back to 1200$ range. Looks like more people are not going for panic selling yet.
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As of now bitcoin is NOT considered as asset in India thus there will be no tax on it. However when you encash those btcs then you need to show the source of that cash/income and if applicable pay the tax. Transaction in cash are not possible to trace thus Govt is trying to reduce cash transaction. Now its your calls
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price is growing strong toward 1200$ again. ETF rejection was definitely low probability but expected correction is not observed yet. Market recovered pretty good.
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They have been holding it for quite some time now, its not china this time. Atleast not yet
They will soon allow those pending withdrawals to withdraw and the price will soon go down.
A lot is riding high on ETF decision. If it gets approved then be ready see the bitcoin price shoot to 2000$ to 3000$, irrespective of any one understanding significance of it. But big whales are moving(buying/selling) large bitcoin chunk too fast. If it gets rejected then some correction is expected but bitcoin price would not plunge by huge margin. It would be relatively small/appropriate. it got rejected man! Yep, it had been rejected and this is not the first time. It had been rejected by the SEC three times. So there was no point in putting all hopes on ETF. It would have been really nice to get it approved though. |
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If ETF will be denied, there's no need to see the price of bitcoin dropping. Whether it will be approved or not. Still we will see the price of bitcoin to keep on increasing, bitcoin is created that way as long as there are new comers that will invest. And if there are people that will keep on using it, ETF will just make a small difference but of course I want it to be approved.  I guess the approval by SEC is the little part of the bitcoin journey. And i think i don't like the approval caused by it seems like just a business. So more money will flow to the bitcoin and the twin winklevoss will take the advantage by the SEC approval with a lot of the partnership in the future. and they will become billionaire and currently they're millionaire. There's no need to hope anymore, the decision is simply denied. Let's move on and keep the fate and believing the price of bitcoin to pump. I expected this to happen and many holders did panic selling I will sorry for them. Too bad that they loss a lot of potential profit. Let's get back to reality and now hope the price will pump before the year ends. if the decision is really denied, then its better we continue from what we do and gets prepare for anything that will happen in future, we need to watch and learn about what will happen in the market and i think that we can see a little panic from the traders like last night when we see the price is getting pump so high. The decision is rejection and it caused correction. This is indeed good lesson for all those who were believing price is going to moon just because of ETF. Hopefully some ongoing correction will continue and market will stay positive. |
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I still do believe in fiat thats being part of our daily life, daily needs. Its difficult to live without this as this is our form of currency to buy goods just to survive. Though bitcoin is currently being used as currency, I beleived it has a brighter future.
I agree with you. We still can not live without a mint currency. It is of great importance in our life. But we must also use bitcoin to make it even more popular yes still we mostly depend on fiat, although some people have started using bitcoin, but still they are depending on fiat, because still they cannot use bitcoin for everything. but i think in future when bitcoin will become more and more popular and when everyone will be start using bitcoin then the shopkeepers will also start accepting bitcoin and then people will become able to use bitcoin for shopping and other purposes. Each country have their own legitimacy against bitcoin. For example my country forbid bitcoin usage since it can be use for money laundry ( terorism advantage ) so It's hard for my people to trust bitcoin at the moment. Luckily I can still use bitcoin but with my own risk ( my goverment can't arrest me for bitcoin usage protocol ) My country's government is also negative about bitcoin. But there is still no prohibition. Therefore, for the time being I can freely buy and sell this coin. Fiat for me is also important, because I can not live without it No fiat we die.. so its obvious that we are believing on fiat.. bitcoin is just an alternative payment processor and we can just use them online. If there is no internet we can not use them so fiat will stay remain.. Without fiat there would be no govt in any country. Today countries/banks run on fiat (paper/paperless), it is not possible to just forget fiat. Because fiat gives govt or banks control over people and nobody loves to lose their hold over a country. |
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Right now think, If bitcoin price had stable price or gradual price movements then big players would have definitely thought about second/third best option after gold. Of course bitcoin would have been that popular with stable price. Many people have feeling of missing the train (buy @300$) at this situation and new investors find it difficult to adopt.
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