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In India, only 34% of the total population are internet users....So in that scenario, you can't expect more figures. But yes, early players in Indian crypto market will definelty get a milage above these upcoming newbies.
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Good luck to INDICOIN team for their ICO. The only drawback I could see is that you guys are taking a lot of time to register yourself on Exchanges.
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Another propaganda from JP Morgan's officials to pull back bitcoin price, but this time no price fall in Bitcoin market. Their strategy is to release a negative statement and buy more on Dips. So stay calm...and keep investing.
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Indian Exchanges like Unocoin, Zebpay, Koinex etc do ask for KYC which include Aadhar card and Pan card copy along with your photo as per Instruction of Govt. to stop the problem like money laundering, hawala transactions, and tax evasion etc.
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But this time investors didn't get panic as before...that is a quite positive sign for crypto-market. Immature investors already exited the market after China ban news and JP Morgan's statement. So They are unable to effect Bitcoin price this time.
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Seems to be a good platform for those who want to invest in ICO's.
But since there are other websites also which provide reviews fo Altcoins and ICO's. You can only be better if your reviews are unbiased and deep researched.
All the best for your project.
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Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
I agree every one of us has the same problem. We resist investing in BTC coz we wait to fall a bit. I think this is the best time to buy as the market has come out from the last week panic, Investors seems to stable now. Buying between $3500-3700 can prove to a good deal. |
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China statement on exchanges and JP Morgan statement has created a panic situation for few days. Newbies have exited the market, again Bitcoin Seem to be strong and trade around $3800.But I think it will take some time to reach till $5000 because people still not sure about China's stand on Crypto market. In my opinion, It will take around 2 months to reach that position. You can expect this level in the month of NOV.
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Altcoins seems to be more worth buying than Bitcoin coz it got huge and fast potential to grow. I would like to suggest ETH, XRP, BCH, LTC, ETC and IOT for investment coz they seem to give a better return than any other crypto coin.
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Just imagine. If ALL OF US would be rich, that means we would live our lives out from dividends, or any passive income of at least $1k a month. Then it would be jawesome, right ? Well, but then I do have a question.
WHO on this Earth would bake the bread for ALL OF US ?
Robots, you might say?
OK, nice idea.
But then, WHO on Earth would maintenance these robots ?
Another robots ?
I don't think so.
Even if so, even if there would be a Skynet of robots, who would not just bake the bread, but also harvest the grains, transport it, deliver to our doors. What then ?
We could eat for free, as much as you want?
Cool, but what about overweight then.
Doctor? But hey wait, NO ONE on this Earth work, so we have no doctors.
OK, we have Doctor Robots.
Who would teach our kids? Robots! Who would change the diapres? Robot!
Even if humans would master all this, we would need to have all the knowledge to teach our robots to work for us. To be slaves for us. (no minds, just pure robotic hands/arms and so on, Tesla's and autopilots)
But even then, there is one huge problem.
I do not want to touch any country, or race, or group of people, but imagine, if you put infinite amount of resources to any kind of animal (including humans), they would reproduce themselves to infinite. Because they simply can. Because parents do not need to parent their kids anymore, because we have robots! So we would need a limit of reproducing, no right to reproduce as much as you can handle (infinite resources), because we would simple have like 50-100billion people on this planet, and there would be no robots who could grow so much grains to bake bread. (perhaps hyper dense pills could be the away).
So, back to the original question, why do people believe, they all can be rich ?
It was, is, and will be, ALWAYS about that who is going to earn more, not enough, but more than the others.
Why?
If there is only one mansion on the Bahamas, which is large enough, sunny enough, sexy enough, there is no freaking way, ALL OF US could buy it. Just one. 1. One. And if only 10 buyers come with their million, to who would seller sell this mansion to? First ? But second also have million and ALL OF US want to be rich (own that one mansion). So second would have to offer 2 million, right?
Wrong.
No one would want to sell such mansion in the first place, as he is already rich. We all are.
I think you have gone way too ahead in your imagination with robots. It is impossible that all of us become super RICH at the same time, If all of us got a lot of money then a situation of Hyper-inflation will arise. In such economy money lost its value and prices rises like anything. If we got more money than we have to pay more so still, the situation remains same, it will just make the difference in calculations. |
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If Crypto-currency is legal in your country then go to your nearest Police station, they will refer your case to Cyber Cell. But if it's a BITCOIN transaction then it could be really difficult to catch the culprit. Still Report the crime ASAP.
But if are from a country like Bangladesh, Thailand etc where Crypto is Illegal, Don't ever go to Police station otherwise you could be behind the bars. Rest at your place and forget the incident.
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bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
Legality by Asian countries: +China: Restricted - Exchanging bitcoins by people is lawful in China. +Hong Kong: Yes - In any case, the power will be firmly viewing the utilisation of bitcoins mainly and its improvement abroad. +Indonesia: Restricted - All risks regarding ownership or use of Bitcoin are borne by the owner or user of Bitcoin and other virtual currencies. +India: Restricted - India presumes that Bitcoins can be utilised for hawala exchanges and subsidising terror operations. +Israel: Yes - The Israel Bar Association considers the virtual money a fitting type of installment for lawyers. +Japan: Yes - You know! sure  +Kyrgyzstan: No - According to national law, the use of bitcoin and similar currencies is illegal. +Malaysia: Unrecognised - The national bank won’t direct Bitcoin operations right now, and clients ought to mindful of the dangers connected with bitcoin use. +Philippines: Yes - Bangko Sentral ng Pilipinas (BSP) will be monitoring the possibility of Bitcoin usage in money laundering and other illegal purposes. +Russia: No - In February 2014, Russia’s Prosecutor General’s Office guaranteed that bitcoin is a cash substitute and “can’t be utilised by people or lawful elements.” In September 2014, Deputy Finance Minister Aleksey Moiseev reported that a law will be gone by Spring 2015. +Singapore: Yes - Organisations that have an arrangement with bitcoin money trades will be saddled in light of their offers of bitcoins. +South Korea: Yes - There are no regulations in South Korea regulating the utilisation of bitcoin at the moment. On December 12, 2013, the president of the Bank of Korea recommended at a press conference that bitcoin be regulated in the future. +Taiwan: No - Alongside China, they have discharged a joint articulation against the utilisation of bitcoin. Truth be told, controllers have even went as far as to piece endeavors of establishment of Robocoin ATM. While bitcoin itself is not illicit, endorsements for bitcoin ATMs have been disallowed. +Thailand: No - A Bitcoin startup denied a business permit which was supposedly informed that purchasing and offering bitcoins, utilising bitcoins to purchase or offer merchandise and administrations, and moving bitcoins all through Thailand were all presently unlawful. +Vietnam: Restricted - Being one of the rare countries to ban bitcoin outright, the use of bitcoin in Vietnam is restricted. Despite this, there are still some small businesses that accept bitcoin. +Turkey: Yes - Bitcoin is not regulated as it is not considered to be electronic money according to the law. Good piece of knowledge Crosshair...But like to add few points. +Bangladesh also restricted the use of bitcoin, It is totally illegal to use there and if caught using it as transaction method, a heavy penalty is imposed and can also put you behind the bars. +India haven't restricted the use of BITCOIN as such, till now no clear stand is taken by Indian govt. So no punishment or penalty can be imposed on their users. Infact, India have some Legal crypto-currency exchanges like Zebpay, Unocoin, Koinex etc. |
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It is called the Principauté de Monaco
Works somehow on a Proof of Stake model: show the dough, live there, pay zero taxes
It seems to be a good idea...Pay no taxes and live free. But believe me, it is not at all practical. In Such society, Only rich and Strong can survive, the Crime rate will increase like HELL. Taxes are somehow important to live free and safe. |
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I don't trust all these HYIP websites and I'm looking for a more reliable way to invest.
Any suggestions?
can't tell you the best way, but can share my experience. I like to invest with Altcoins. They got more potential to grow as compared to BITCOIN. Moreover, ICO's can also be a good option, but they are quite risky. I feel that, well-recognized Altcoins like ETH, XRP, IOT etc are much safer investment. |
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No Doubt it gives ease and privacy to our transaction that why it is growing like anything. But it is only suitable for big transaction coz if you want to transfer small amt. say $1, it will charge you nearly 50% fees. So people will not prefer it to buy daily use items like grocery, ice cream etc
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I think being a startup and only Indian exchange that provide support to Altcoins....they are taking advantage of it. But if they continue to loot investor like this...soon a new platform will develop to give them hard competition and they will automatically withdraw all these vague charges.....Hope it happens soon.
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How much £ worth did you guys buy initially. I'm all new to this so don't want to take a huge risk.
What are you predictions for future?
1 last question....have you heard about anybody loosing coin value in the online wallet?
Just 1 Advice: Invest the amt. that you can afford to lose(in worst scenario) Initially, start with small amt. and understand the crypto market, and if it appeals you then invest further otherwise step back. No one can predict BITCOIN future price. It could be ZERO or can reach to $10,000. No clear stand of central authorities resists investors to invest big amt in it. |
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Tried with blockchain however it isnt accepting my payment. To do transaction more than £50 it says I have to do it via bank transfer. But it wants some details such as photo of some id such as driving license. Is this safe to provide?
If You don't want to use any centralizes wallet then go for decentralized one(one that provides private key) lEg: Bitcoin Core. Safe and reliable. I think it will solve all your problem. |
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