I just heard that they tried to run away with approximately 66k bitcoin. It's good that police were able to track them down. But I am sure the legitimate bitcoin owners will never get back their amount and it will be seized by the government to fill up their treasury as unclaimed funds.

It is really a sad news because due to these kind of scammers, the reputation of bitcoin is in danger and general people will think that bitcoin users are mostly scammers because they don't get to look at the bigger pictures.

Having signature campaign is a good way to earn some extra cash but it is not a replacement of a real job. Since you are still young and probably living with your parents, you can bank on it to earn some extra pocket money to spend for yourself without bragging for money.

However, never underestimate your studies. Study well and once you have a real job in your hand, keep this as a side income. It is good to have some extra savings because you never know when you will need cash.

The best way to earn bitcoin without investment is to join a signature campaign. However, newbies are not preferable in any signature campaign so start building up good quality posts to rank up. Once you become a Jr. member, you will be allowed to apply for a signature campaign. Once accepted, continue posting quality contents so that you can continue earning from the signature campaign.

Once you have money in your hand, start with trading and gambling which will further increase your income. But as of now start posting quality contents so that you can rank up and accepted in a signature campaign.

I really like the thread OP had written. The most important thing is patience for a trader and the capability of taking the hit from the initial losses. When I started with my trading, I had also faced a lot of losses. I started with a small amount to understand the market dynamics and faced losses.

However, gradually I increased the amount and started making good amount of profits. Currently I easily earn a good amount of profit during my weekend trading sessions. If I was disheartened from my initial losses, I would have never seen my current days. So have patience and keep trying.

I recommend you to contact "Notaek" >> https://bitcointalk.org/index.php?action=profile;u=76847

He is a legendary and positive trust member and also very responsive to client's issues.

True! there is a lot of confusion going around for August 1st but I believe no impact will come to anyone even if there is a chain split. 20% of miners are acting greedy but I believe eventually they will also agree to join Segwit after seeing the good side of it. I was telling people to buy more and more bitcoin when the price had gone down to 1900 USD level, now look at today's price, you will understand how much profit they would have got.

I myself bought some bitcoins during the price was running low and I am already sitting in a huge profit. People will have to think positive about bitcoin and then only positive thing will happen. There are a lot of people around who tries to discourage people from bitcoin because they want to buy it cheaper. Don't listen to them and invest in bitcoin. It will be rewarded suitably.

Bitcoin is money and money is power. Very few governments will support that move. Governments will never want a free flow of money in to their economy or in to the hands of their people if it's not regulated or generated by them. Also the bankers would not want that to happen either. So government will frame such regulations to curb using of bitcoin and not to promote that.

I think that's what decentralized means. That no one will regulate the cash flow or the generation of bitcoin. Only a worldwide cumulative force can do that. I am earning in bitcoin from various activities like trading  and signature campaigns and also I disclose my earnings in my annual income tax returns. I don't think I am doing anything wrong.

Why not both? Bitcoin is adored worldwide and the highest grossing crypto currency ever. On the other hand, ETH has come up to become a worthy contender, not in pricing but surely in acceptance and market cap. ETH now has the second highest market cap after bitcoin. So why don't you make use of both of them. Both are good for long as well as short term investing.

I mainly arbitrage so I don't really use any altcoins. I use only BTC/USD pair. So can't tell you about altcoins. But there are lot of coins which are good for long term investment like ETH. I have bought few ETH few months back and I am planning to hold them for some more years. Because I have a positive outlook about ETH. Study the market well, and I'm sure you will find a lot of altcoins worth trading. LTC, Ripple, Monero to name a few.

Paper bitcoin can be a disaster for the entire crypto economy because paper money is easy to fake. Scammers will flood the market with fake printed bitcoin and a lot of negative impact will come on to bitcoin. The price will crash because of the fake currencies and the investors will have to face a huge loss.

Also the idea of printed bitcoin doesn't actually goes with the outlook and goal of bitcoin. The goal was to create a decentralized and digital currency so that we can eliminate the need to printed money. SO I don't think printed bitcoin will be a good idea in any way.

It's pretty easy to achieve through trading. I don't know about any other method at present. Trading is only way from where you can earn even more. But don't fall pray to ponzi schemes who will promise you to return 10-15% of daily earning because they are all scam. They will eventually run away with your money.

So try trading with 1 btc initial investment, but start with a small amount to understand the market dynamics. Once you understand the game and the market dynamics, definitely you will be able to make good amount of money like I do from trading.

No and No! Definitely not at the current situation! Firstly if the government phases out fiat money, then all of its citizens need to be technically sound to be able to use digital money and technical infrastructure needs to be improved. So only few and small countries in the world will be able to handle this. Like Japan, Hong Kong and Singapore.

But for countries like China and India, it will be a disaster where only a handful percentage of people are tech-savy. Instead of moving in to a digital currency, it would be a great idea to move towards digital transactions. Instead of cash, people should be encouraged to use cards. That is the first step to be taken so that the economy doesn't have any bad impact.

Well, he is speculation and investing in bitcoin since a long time now. I remember, he also proposed a plan about a 10 PH/s mining farm earlier. However, the price he mentioned about feels like over speculating and over valuing bitcoin. Because to reach that price, bitcoin market cap should be more than the GDP of USA and that is really tough to happen.

So I am not believing that bitcoin will ever reach that milestone, but yes, bitcoin will go up much higher than its current level for sure. So whoever is planning to invest in bitcoin, please start now or else you may loose a bit from your future profits.

The main attraction of bitcoin is its dynamic pricing. That's the reason why traders like this coin so much. When the price gone down past 2000 USD, it triggers a global alarm and people started buying heavily. The result is pretty clear and the market cap also gone up to 39 billion from 33 billion day before yesterday.

6 billion USD increase in a day or two is a big thing and I am sure many people like me are positive towards the future of bitcoin. A little confusion is still there about August 1st but I think bitcoin price will touch new heights after complete segwit implementation and will become an unstoppable coin. So we still have time to buy more.

I really doubt the truthfulness of this news because I haven't yet heard anything about it. If an exchange is made legitimate that doesn't mean that bitcoin is legal in India. It is very much possible that government is gathering data of the reach of bitcoin in the country and after their analysis, they will probably roll-out a proper policy on bitcoin.

I believe, there is no proper policy on bitcoin has yet been rolled-out. Also our politicians are old and unable to understand the technical logic of bitcoin. So they may be opposing the bitcoin's legal status. But a lot depends on them because they have the power. However, it will be great if the Indian government rolls-out a proper policy on bitcoin favoring the users.

If that happens, that will be good and bad at the same time for crypto currency market. If more people knows about bitcoin and start investing in it, the market cap of bitcoin or any other altcoin will be increased and the price of that coin will be increased. So people associated with trading and investing of crypto currency world will be benefited.

On the other hand, the governments may step in to reduce the money laundering possibilities associated with crypto currencies by declaring it illegal. There are many countries where the legal status of bitcoin is not clear and hence people are freely using it. But if a government wants to curb the usage of crypto currencies in their country. It will hamper the growth of crypto currencies big time. So if the right people known about bitcoin it's ok, but if the governments know about it more, that may be a disaster for their countrymen.

I believe bitcoin's legal status is not clear in majority of the countries and that creates a lot of confusion on taxing part. People are unsure about how to pay tax on bitcoin. My country is having the same status So I am disclosing my bitcoin incomes in my tax filing every year since last two years.

having said that, I only disclose what I have cashed out in fiat. So my actual bitcoin holding I am not disclosing as I am not getting any income from it. I am disclosing only the amount I have converted in to fiat. I hope I am doing the right thing.

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I save bitcoin for my future and for any unforeseen events that may occur. If I need any emergency cash, I will probably don't have to borrow from anyone because my bitcoin savings can take care of that. While I save bitcoin for the future, the salary from my day job takes care of my daily life.

I had a dream of buying something very expensive initially when I started with bitcoin. However, priorities change and now I own a house and I am married. So my bitcoin savings can help me to live a better life if I face a difficult time. It's good to have savings and a bigger goal.  

There is nothing in this world which can make you instantly rich and definitely not bitcoin. But yes, you can earn some money if you can play bitcoin properly and that's it.

Bitcoin price is very dynamic and if you can understand the market and the price dynamics correctly, you can invest in bitcoin at the right time and also book your profit at the right time. But bitcoin can't make you rich instantly. It can only make you a bit more richer if you are already rich.

I somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at.