Normally, adventurous people start trading bitcoin in exchanges or accepting bitcoin once bitcoin becomes legal in any country. However, they must not forget that it is completely upon the discretion of the legal authorities of the country to maintain the legal notions supporting the business. One fine day, if they make it “illegal” again, then the consequences binding the person to the business will become a liability for the rest of his or her life. However, I sincerely support the growth of the business in India. In India there is steady downfall or depreciation of GDP.  I such a situation this business needs to be successfully implemented in every home in every 3rd world country.

Since the world saw the whopping 1500 per cent upsurge in the value of Bitcoin in less than a year, it automatically suggests that cryptocurrency has become the top choice for many investors. As in many countries, millennials anxiously talk about tax-free crypto countries and taxation laws of their countries, these millennials, just like you and me, are also Bitcoin or crypto investors and HODLers. Hence, legal loopholes around the most popular cryptocurrency has been of prime importance for tax authorities.  Even though Bitcoins are not specifically mentioned in the income tax act, Bitcoins are assets which are usually owned so holder can gain from an increase in its value. In that sense, they acquire the definition of capital gains. Which is a wide definition as per the Income Tax Act. Since, One needs to pay tax on profits made from investing in Bitcoin. One should declare the income while filing taxes.

Coinbase has been my first wallet account in the world of crypto currency, amongst the multitude of digital currency exchange sites, The reason being the fact that they are a legal entity, time tested and an old company and has been proving its performance to multiple investors and crypto users all over the world from the moment it was originated. The benefits of having it includes the ability to buy or sell bitcoins quickly. A few others would be easy transfer of mainstream currency, buy or sell over different coinbase's exchange trading platform, like GDAX, the need to identify the account holder which is mandatory, easy and simple to use, automatic fee calculator, inbuilt graphs making it simple. Amongst the risks would be need of provide your ID that might create the risk of getting your account frozen for some time, a rare possibility of going bankrupt and close down and disappear which will not happen soon, limited control over your private keys etc.

When Bitcoin first appeared, many people talked about it in IRCs, mailing lists and forums like Bitcointalk.org. These online meetups were often where people first heard about digital money in the early days. These forums were used to spread the first adoption and discuss how to manage the network. These social media hotspots became the first breeding grounds for Bitcoin. Forums such as the P2P Foundation, Bitcointalk.org and Linux Foundation lists were used to discuss the new idea. Another extensive directory of computer activists was the Cypherpunks Mailing List. The list of associated members began in 1992 discussing computer science, the advantages of cryptography and software use-cases. Today, Bitcoin is a global phenomenon and you can track its exponential rise on several more social media platforms. Now, users on Facebook, Twitter and Reddit discuss cryptocurrency on a daily basis. Significant announcements and discussions take place in these online forums. As a result, the value of cryptocurrency solutions is way more prominent. Even development teams and cryptocurrency projects operate their platforms around social media

The bread and butter for each and every bank in the world depends solely on the profit earned by banking structure of the government. This again is created on rules laid down with the concept of their “centralized money”. They generate profit by investing the paper money of the citizens from their savings into the multifarious profit generating avenues like shares, bonds, mutual funds etc. With the introduction of decentralization of money by the new worlds of crypto currency they sense a threat to their future. If their citizens find an avenue to generate profit “without” following the rules of their centralized money, their future is at stake. That’s why they are trying to turn away their citizens from the online market, by introducing words like “bubble” about to explode. They are fearful of their own future because of the losses their banks are making. With time the knowledge of crypto currency will be widespread. Hence, more and more citizens of newer generations will venture in the world of decentralized money. This will send an alarm to the banks because of the fear of the unknown.

According to me the following ways are probably better ways to earn Bitcoin:

1.   By accepting them as a means of payment.
2.   By completing tasks on websites.
3.   Through interest payments by lending the Bitcoins out that you already have.
4.   From Bitcoin mining.
5.   By getting Bitcoin tipps.
6.   Through Bitcoins trading.
7.   Getting your monthly paycheck in Bitcoins is probably the steadiest way.

However, a little more personal research in the field will definitely give you better options that suits you the best.

Regulators in developing countries around the world have repeatedly expressed concern against the trade of cryptocurrencies like Bitcoin. However, the unabated price upsurge attracted many retail investors. Unsurprisingly, the clamour to introduce a regulatory regime for cryptocurrencies is rising. South Korea being a far advanced 1st world country with a high per capita income has the liberty to ban or otherwise severely restrict the use of Bitcoins, since, they can impose restrictions on the usage of Bitcoins. However, India is a predominantly 3rd world country with much lower per capita income as compared to South Korea. Hence, they have shown a continued silence and is now stalling the growth of the industry by creating legal ambiguity. Today, in India it is unclear if Bitcoin may even be considered financial assets or investments, since the Government in recent weeks have reiterated that cryptocurrencies are definitely not “currency” or legal tender. Another approach favours interpreting cryptocurrencies merely as “software” and labelling all cryptocurrency transactions as essentially the sale or purchase of software. Although this definition does ring true from a legal standpoint.

While it helped send the price of bitcoin soaring as traders braced for the institutionalization of bitcoin, the world's most popular cryptocurrency has stagnated since the beginning of December when first the CBOE then CME started trading bitcoin futures, trading in a range between $12,000 and $17,000. [The future of Bitcoin contract is not directly impacting the bitcoin market because the projected funds are yet to reach the direct bitcoin market. However, big money is betting for the lower price. The impact we are seeing is mainly because of the scaling issue. The incapabilities of bitcoin network is now wide open to the market and a lot of people have shifted big money out of bitcoin to some other cheaper coins, especially the frequent transactors. That's the reason why bitcoin is rapidly loosing its market cap as well as the dominance in the crypto world. Ten years ago Bitcoin didn't exist. Five years ago they cost $12 each. 12 months ago they were almost $857 and just last month they were worth almost $20,000 each. Then they crashed. Since December's high Bitcoin's price has halved - losing more than $9,500 in value - in the past day alone $3,000 has been wiped from the price. That's a fall of 25% in a day, 37% in a week and more than 50% in the past month, according to Coinbase figures.

It is a difficult task to call a bottom when an asset class is in a downtrend. However, using technical analysis, we can at least try to get a rough idea about the levels that can offer a strong support. Its important to remember that when panic sets in the decline can easily overshoot on the downside. Therefore, traders should scale into the position instead of investing all the available money at once. Investors who are willing to wait and are not quick profit seekers it would be a good idea. Again, for mid/long term hold, it provides an immense opportunity to make some good amount of profit if bought at this current price. Bitcoin continued its incessant run and we again made a call of a top on December 08, when it was trading just above $16,000 levels. Bitcoin topped out at $19,891.99 levels on December 17. This call proved to be very close to the top. Traders who sold following our call would be sitting pretty with enough money to invest at lower levels. So, Bitcoin is good investment as far as the trend of price fluctuation graph is considered.

Its fair enough to state that Bitcoin is still far from becoming a mainstream investment, as attempts to create exchange-traded funds based on Bitcoin and other digital assets have so far been foiled by the US Securities and Exchange commission. At the same time, mainstream financial institutions are paying more attention to blockchain assets. As a result, a dose of Bitcoin makes investors portfolios less volatile. Bitcoin is primarily decentralized and its generation and circulation and doesn't depend on any government. So, structurally it is poles apart from  a mainstream currency. Hence, We as Bitcoin proponents preserve the secure opinion that the digital coins are a safe investment because they have a "zero correlation" to the stock market.

The biggest name in fried chicken has launched a crypto currency - themed “Bitcoin Bucket”. You can pay for it using the flagship of Bitcoins. As on one hand, the company is partnering with BitPay to accept bitcoin payments for the meal, but Luddites can still complete the purchase using fiat currency to avoid the rising transaction fees now associated with bitcoin payments. You can't exactly walk into a KFC location in Canada and pay with crypto at the cash register. Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (the product also carries a $5 fee), according to the check-out process on its website. Hence, KFC is not sharing the risk in the business of the price fluctuation in Bitcoin. Its been outsourced to BitPay. This is because accepting bitcoin in a business of fast moving food retail chain is a huge challenge because of the price fluctuations, which KFC is not sharing.

Despite his asceticism towards bitcoin as an independent currency, experts believe that digitalized forms of money will replace current fiat-based financial systems. However, here’s the problem with Bitcoin; it’s just like any emerging technology. The technology here isn’t Bitcoin, it’s digital currency. And with any emerging technology, the first few attempts are gonna have some problems. It is number one, too complex for the average individual. The blockchain mining of coins is becoming increasingly expensive… We can talk forever about the intricate technical problems or lack of such. But from my personal opinion, I think the electronic currency will be Bitcoin. Honesty, there will be an electronic currency, that I promise you. And if it’s Bitcoin, great. I just don’t think it will be.” One main concept of Bitcoin which the general population fail to embrace is its decentralized and transparent nature. The Bitcoin blockchain network, a peer to peer network is secured and maintained by millions of miners around the world. Which means, the network does not require the existence of central authorities or third party applications and mediators to revoke, restrict and alter transactions or activities on the network.

It is increasingly difficult for the older generation to understand and get accustomed to the dynamic process that we witness in Bitcoin. We need to understand that older generation has already invested the major share of their life into the traditional process of making money. It is deep rooted into their instinct. Now, this sudden change into the decentralized currency and the dynamic changes that we witness everyday, stands as a source of risk to their lifetime savings. That’s why they are always hesitant to accept the change and refuse to re-organise their funds into the virtual money. However, there are a few of them who are evergreen in their mental setup. It will really make sense to first involve these few oldies into the world of crypto. After a while, it is they who can involve the rest into our dynamic world of Crypto-currency (Bitcoin).

My friend, if you research you will at least understand that Bitcoin and blockchain encryption technology has a greater ability to bring more of the world's population out of poverty than anything we've seen in the last decade. The ones who have not ventured in the world of crypto is because of the problem is the infrastructure and education delivered to them.  Since, Bitcoin is “beyond borders” it will be as useful to every citizen, at least help in improving their living standards, indifferent from the country they belong to. Hence, the effectiveness of the technology will be as useful to the citizens of the 3rd world countries as it will be in the 1st world countries. We are also observing more of the middle and upper classes to be involved in mining and investing in their cryptos. Finally, since the economy of a country is primarily based on “centralization” of their currency, the governments will always be against the cryptos, since their foundation is based on “de-centralization”.

The creation of Bitcoins had to implement an extremely organized technology behind the security of the Bitcoins being created. It’s extremely improbable, and effectively impossible to recover Bitcoins once they are lost. This is what the security of Bitcoin is actually based on. If you’ve lost your private key, the system is so secure that you may not be able to recover it. However, recovery is possible if you remember an inkling of your password. But, if you were pretty sure that your passphrase contained words from a sentence from ‘The Return of the King’, but you’ve forgotten which page, then Wallet Recovery Services my be able to provide help.

I completely agree and in terms with your opinion and also share the opinion of Brian Singer that Bitcoin and blockchain encryption technology has a greater ability to bring more of the world's population out of poverty than anything we've seen in decade. We have hardly seen any honest effort by anybody in the world before to do it. Name me a person who had contributed behind having the selfless to ensure that each and every citizen is given the opportunity to sincerely try and make the ends meet, at least as far as the minimum regular earning of the person in question is considered. Brian shares that Blockchain cryptography is all about digital transfer of ownership in a completely transparent and public way. Once you introduce blockchain cryptography you have a public ledger of ownership and transfer that cannot be denied because it's absolutely transparent. It is the means through which these individuals can get exactly what is needed to bring themselves out of poverty.

Does “Mobius” have some perspective or will it bring another loss to the trustworthy investors. Once you look into the whitepaper you will understand it's the LINK whitepaper rewritten by a 6th grader. You can tell they just simplified it and added synonyms because a lot of it is confusing and non-explanatory. They have added graphs and models that are extremely juvenile and a majority of the whitepaper talks about how token holders will be rich rather than the actual system. However, it has much better partnerships with link and a dev team that communicates with everyone. In order to prevent the problem of  section 7.2 of their white paper, we'll need to have experience and perfection of oracle.

It is in the very nature of the world of crypto-currencies is to be “volatile forever”. We need to understand that to bring in “long term stability” there has to be a centralized control or influence of a governing body on the currency in question. According to the experts, if the variance of the price fluctuation on a single day exceed 25%-30%, it guarantees a lack of central influence or control. This is exactly what we frequently find in the price graph fluctuation of most of our decentralized virtual currencies. This on one hand guaranties good profit, if played well. On the other hand it also helps our instinct to understand how to generate secured funds in the midst of price volatility. However, we need “short term stability” to establish the security of the fund being generated. So, will cryptos be so volatile forever. Well, yes, that is imbibed in the structure of the DNA of all crypto-currencies.

With the march of time, I think the contributions that we could have done to “help Bitcoin grow” is steadily reducing. For instance, we still do not have a good fix for the real problems of Bitcoin's block-chain fees, long confirmation waits etc. It is the developers themselves who need to invest quality time and actually do something about these detrimental problems and many more. I also feel that with time there is a slow but steady imposition of centralized control being effected on the father of decentralized virtual currency (Bitcoin). This has to stop. Else, the ideology that is pulling the majority of newer generation to be self controlled, at least in their regular income, will cease to exist. Citizens will need to go back to the traditional banking system. The last thing that we could contribute is to share / distribute the hard earned knowledge to more and more people so that they invest more in Bitcoin. But all the efforts will go for a toss if the developers do not understand this and implement stringent measures to streamline the protocols of out young world of “Bitcoin”.

If you long for the possible big profit invest in the ICO but try to be careful and read plans and whitepaper thoroughly because many ICOs are disappointing their investors in the end. Are you striving to become the millionaire or are you striving for the still risky but closest to safe option? If you invest in the promising ICO that is still in the phase of the pre-ICO you have the possibility to gain big profit in the far future if you have invested big money there. Just look at the Ethereum that has right now achieved the price of 1000 dollars. On its very starts, you could buy their tokens for the same amount of money. Bitcoin is, on the other hand, fluctuating a lot but that fluctuations are allowing you to buy Bitcoin when its value is in the falling phase. Every investment and buying is risky but I would recommend you the Bitcoin and the decisions are up to you. I would personally buy Bitcoin because I believe in its future growth and it is more secure than the altcoins. Hence, everything is dependable on the wishes you long for.