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Even if Indian government launchds it's own coin, I do not think that it would be very successful. This is because India fies not have the resources to develop a similar or better project.
Also the security related aspects are very hard to handle here and thus chances of hacking will be very high.
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In my opinion cryptocurrencies are not difficult when understand you are about knowledge on it.and this is my suggestion if you are big amount form it first should know what is it then study.then get into crypto world.all the very best.
Learning should always be ahead of earning and that applies to all field including crypto. I also feel that crypto is not difficult to understand, it is just matter if interest. Nathrmatics which is a puzzle for most is like a gift to some. |
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A thread asking if the suggestions being given in meta will be implmented or not. What next: another thread asking yheymos if he will love reply to this particular thread or not.  |
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The most important thing to do right now is to hold. In my opinion holding at this moment might be beneficial and could surely give you profit and gains that is why we need to extend our patience.
Holding will always be beneficial ; 1) From return point of view, if you analyse you will find that all those who made fortune with cryto help crypto for very long time. 2) It is also less time consuming in comparison to day trading. |
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How do you think banks make money, how does a bank make money to pay its employees and business operational?
Does the bank rely solely on interest on loans from banks?
It is not hard to understand. Basic way they make money is by taking deposits from people and giving them some interest.. They then give this money as loan to others at higher interest. |
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I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
One of my friends recently asked me regarding investing some surprise money. There were many options like bank deposits, RD and so on. I told him about crypto but his first thought about it was that this is some scam. I thus diverted the matter and let him decide on his own. |
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From what I have seen so far in this forum and other crypto platforms, most of us want fiat eliminated. But let us not forget that there are still situations whereby we can't use crypto except fiat like in rural places without computers or even internet facilities.
I am also against completely eliminating fiat currently. This can result in a number of problems especially in developing countries. At such places, there is still a lot of illeteracy and thus people will not be able to use crypto efficiently. |
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a lot of hacks just because of the carelessness of the users themselves and that is why the amount of these hacks depends on the care of themselves
It is not that the hacks are always due to carelessness of users only. You need to understand that the security of a system or project is also designed by a human being, If there is a smarter guy more efficient in same filed, he can easily hack such sites or system. One of the ways I reduce the risk by using different exchanges and dividing funds in between them. |
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Buying password protectors? there are password generations for free on the web and you just have to search it.
I've bought a hardware wallet and that's more secure than any wallet that I've used before. This will cost you some money but that's better than using an online wallet that you can't be sure of on how secured they are. But if you use a wallet, just keep the private keys and write it and keep it somewhere.
The password generators available online will not work in this case in my opinion. It is next to impossible to break the password of bitcoin wallet. What I feel is most important for bitcoin security is that the exchanges operating in bitcoins should be very strict with the security measures. Best option to achieve that is to hire security researchers for this purpose. |
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I don't really worried whether bitcoin is down or is really very down because i know that somehow bitcoin will rise again. I even feel and expect that bitcoin will have a surprise to all of us just like what happened last year when bitcoin hits 20,000$ unexpectedly.
If that happens, I will move more than 70 % of my savings in crypto. That being repeated twice for consecutive year is a strong indication that bitcoin will move up in future as well. |
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Yes in my opinion this is the best time to buy Bitcoin in the current situation while the market price is slightly lower at the moment. So if we buy now there is a possibility that we will get more revenue in increasing the price of the Bitcoin pump.
It is fine that you want to make a profit with the bitcoin investment. But this approach kind of defeats the purpose of why bitcoin was invented. The idea you mentioned is completely against the logic which requires bitcoin to be used as a payment medium. If everyone wants profit after sometime, no one will sell. |
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Yes, it's a good thing market is again becoming green and the bitcoins price is also increasing in the fourth quarter after a continuous fall. Predicting about bitcoin is impossible because it's volatile. So maybe it could be increase more in the upcoming time that's why holding it for more time will help everyone to make a profit.
But we need the market to grow green consistently. Current condition is like that marker goes green for some time and then again starts going down. A lot of fluctuations are there. Fluctuations in prices are not good because of a number of reasons like : a) It discourages new investors. 2) Current investors may loose patience and sell in loss. |
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The smart governments instead of banning bitcoin are making money out of taxing it. For example in Netherlands government allows almost everything and makes millions to the budget from taxes. It looks like a very smart move and other countries should take an example from them.
If you see correctly, everyone is milking bitcoins only : 1) If the developers had a large quantity kept at initial prices, they would be in most profit. I doubt this though. 2) Users are also buying and selling for profit. No focus on using it as a payment medium. |
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I earn about $500 worth bitcoin every month through :
1) Signature campaigns: These are mostly on this forum itself. I am expecting a rank upgrade in next 4-5 months and then I will be getting more payment for my participation.
2) Services: I also provide some online services for which I charge in bitcoins. I am adding more services in this list so as to increase my income.
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This is very true, i've watched all my crpto assets reduce in value latley, yet i'm so tempted to sell off, but that won't be a nice idea after all... i'll just hold and wait for the market to bounce back
Selling in loss is the worst idea because : 1) It is very much sure that the prices will recover after some time. This means that if you just leave the money remain invested, you will surely get a profit. 2) Most of the people who held their coins for long time are in profit. Thus it makes no sense to sell in loss when majority is making profit with crypto. |
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20K? We can all just speculate. So will I try. At the beginning of the year, many FUDs and crypts were down. Very down. This year, people are disappointed and cautious, so I'm afraid we will not get our ATH. Not this year. But I'll give it a year or two and we'll see new highs. So if we sum up: ATH yes, but not this year. Only my opinion. Have a nice day you all
I was expecting $3000 this year based on the performance of last few years. But the performance this year had been very disappointing. Still $20000 is achievable, if we have a bull run like last year, we may achieve higher also. One thing that can help to this is limiting the number of alt coins. It has already started to happen with exchanges delisiting some coins. |
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Maybe there are already some banks who are accepting bitcoin deposits but the risk must be bare only by the owner as the banks cannot take huge risks regarding to bitcoin orice...
No such bank exists. If any bank was already doing this, it would have been in news. Though it might be possible that some private entities or individuals might be lending money by keeping crypto as deposit. |
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it is comparision of bitcoin with digital number because its price increases like a digital number varying thats why called bitcoin is a digital gold.
I do not agree with this comparison because: 1) There is a lot of difference in the pace with which price of gold and bitcoin grows. 2) When we compare from security point of view, it is hard to keep gold safe from hackers or thief. 3) Even from ease of convenience, these two do not match. |
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I think we cannot really predict the price of the bitcoin price, because anytime the price wit the bitcoin may fall or maybe rise so then we need to prepair our self from the constant change that maybe the bitcoin will be. Because anytime it's price may rise for fall. By then holding is always a great idea regarding to this unstable prices.
Actually, all investors should be prepared for worst situations. I am investing only the amount that I am ready to loose. This allows me to keep the funds invested even when the market is in bad condition. Otherwise, I would always be scared when price crashes or go down. |
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The Bangladesh government has taken a very bold decision. I think it is a wrong one. If it is a temporary ban, just to remove the negative aspects of Bitcoin, then i am in favour of it. I think they are trying to create a system of transparency.
After so many regulations and heavy monitoring, I do not think that crypto will remain lucrative for the investors. This is a clear example of the government failing to understand the concept , working and potential of crypto. I personalty feel that the countries which are against crypto are doing loss for themselves. |
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