It's like saying if you can't beat them, join them. Banning bitcoin would just make people transact it hidden in the government's eyes which would make it harder for the officials to track the activity of the people. If they would just regulate it then they would know what is happening and they can have funds from it as well whereas in banning it, they wouldn't have any share from the transaction.

There is an increasing interest of bitcoin in India so if in case the Supreme Court would decide to ban it, some people may stop using it but there would be some who will continue and they will be force to go underground which would be disadvantageous to the government.

It depends on the situation. You are just starting your business so the one that will trust you first is family and friends so you will end up in a sole proprietorship or partnership and you will end up investing your own money as part of capital.  It's hard to set-up a corporation if you are just starting a business.


Well as what they say, if you decide to be an entrepreneur, you will be working hard more than you are an employee. You leave your job working 40 hours a week for someone else to work on your own 100 hours a week. It definitely will be harder but it will be rewarding as well.

What you are planning is quite risky but given the current demand of bitcoin now and the increasing price then your plan might just work. You may end up swimming in debt in the near future or might be the opposite in which you'll become debt free. You should invest only what you can afford to lose and obviously you can't lose in this situation because if such things happen then the creditors will just hunt you.

I actually read a post in facebook that he did something like this. He use his credit card to buy bitcoin months ago and we know what happen months ago. The bitcoin increase in such a crazy rate so he is very happy now with his decision and yes it is very risky but very rewarding as well. If you plan to do this, you can do so but at least maybe have some plan B if the plan doesn't work.

If the developers are active then that would be one factor that the coin is still alive. If they are always looking for ways to improve their projects and follow their roadmap then that is good news because it means they are doing their work. An altcoin that has real usage are the ones that are most probably has a future because people will keep using it so there is demand. Example of these are ethereum and litecoin. Partnerships in big corporations have a big effect also on the coin if it will have a good future or not.

I do sell once or twice a month because I have to pay some expenses and I want to feel too my gains in bitcoin. We don't know what will happen in the future so it is just fair that from time to time we should be able to taste some of our gains. Most of my bitcoin stash is just from my earnings here in the forum because the one I purchase a year ago is just wasted in gambling and investing in sites that later on become scammed so I just get by now in my earnings. I am trading from time to time but due to limited capital, gains is not that big yet.

This post is an evidence that if you can afford to lose the money that you have at the moment then you should invest it because we can never tell for sure what the price of bitcoin will be because of too much volatility. Few days before it reach all time high, OP posted this one and if he did so at the time of posting, he should have gained 30% already. Bitcoin is unpredictable but there is a high possibility that it will go up because of the high demand and popularity. If you are still skeptic that bitcoin would go up or down in the next few days or weeks then you can do cost-averaging so that you can still get it at the best possible price.

It would depend on the person who uses it. It can be use to fight corruption because of the transparency of transactions but the problem with it is the anonymity of the one who uses it. If however, government would use it, I am sure there would be records as to who are the one who use the addresses so that it would be easily identifiable as to who is responsible in case something happens to the funds and the auditor too can do something about the policies and procedures so that they can easily trace the flow of transaction.

Money laundering would be easy too because of the fact that the people behind the addresses cannot be determined easily. A lot of bad publicity about bitcoin is connected to money laundering which we cannot deny is possible but money laundering can be done using other means too like cash so they cannot just easily spout about bitcoin being bad money because if a person intends to do something illegally, he will do it whether it would be bitcoin or cash for that matter.

 
I like this bot. There's no need to check the site from time to time which makes it more efficient. Telegram is the best app to use too because it is easy to use and navigate. There are some groups too in telegram that is my source of information when it comes to trading so its good to find many sources in just one app. I agree with btcton in adding a feature for price alerts because its a big help when I am waiting for a price of a certain coin before buying or selling. Thank you for making such bot.

I see some people use fibonacci extensions as a way of predicting what price is the possible top of a rally before it would make a correction and some are able to predict what price it is in bitcoin just recently. This is just one of the indicators though because there are many things to consider when it comes to speculating the coins by doing some fundamental and technical analysis. When a coin is making a rally, you should know when its time to sell when you already have a strategy before the buying it like having a trailing stop loss so that in case it will have a sudden crash then you already secure your profit.

I join some telegram groups before and even follow their suggested coins but later on I realized that upon posting the coin, price would suddenly shoot up and suddenly drop down resulting to a pump and dump. I did profit in some coins but I lose some too so I decided to just leave the group because I have observe too that many of the admin channels would agree to each other to pump a certain coin and upon pumping, they will dump it to its members and one person creates various telegram groups as well. There are some admin who just copy the signal given by others and just give the buy and sell price and some screen shot or link of news that is just made to convince its members to buy the coin and later on dump it.

It's not surprising for the people in his age to go against bitcoin because they did not meet something like this before so they don't know what lies ahead. They are sticking in their old school ways like trading in stocks and sticking to those investments backed by the government because it is already a part of their system and it is hard to change their mindset in seeing things the different way. For them, a currency not backed by government is something that should be avoided because you don't have the security in case something goes wrong which is somewhat correct but still they should be open-minded about it.

Knowing that they are the one who do the auditing of various companies then it is good they are accepting bitcoin. It might be a good way then of introducing bitcoin to their clients and since their clients are those big companies then it would be a good way of explaining to their clients what bitcoin is all about. The companies' executives are bound to listen more to the auditors than any other people because they are the one who knows the latest policies and procedures related to financial issues including bitcoin and since it is one of the biggest accounting firms, bitcoin would become more trusted.

If you can see that the OP in the airdrop is requesting for a donation for verification purposes then that is a red flag for me. It is hard to really determine if an airdrop is a scam or not because some are just genuinely offering free coins to introduce it to the community. I know that with the airdrop announcements every now and then, it is not impossible that there is a scam airdrop just to get some information or donation from people but there are some who are legit because I myself join some airdrops too and receive the tokens so some of them upon being listed in an exchange, the developers just dump their coins while others are genuinely doing some development in their projects and the prices shoot up as well.

If you don't convert it in local currency then I think you don't need to pay any tax because there is no income to declare yet. If your country do not have any applicable laws yet regarding bitcoin income then you don't need to pay any tax. Your country may have particular laws regarding fiat currency so it will only be applicable in fiat in which case you will not pay any tax if the bitcoin income you earn is not in fiat yet.

First of all, welcome to the world of cryptocurrency! Base on your question, it seems that you just made your first investment in cryptocurrency. Almost all cryptocurrencies are going down because bitcoin is having a major move. Many altcoins are traded with bitcoin as base currency that's why when bitcoin makes a massive move going up or down, altcoins are affected. Besides, bitcoin has been climbing up for the past few days so it is normal for it to have a correction because some would sell their coins. Maybe someone just say to you to invest perhaps because it is going up? Well, if this is the case then you should have search first where you are putting your money. Just relax and hold your coins because it will go up eventually. Do not panic sell.

After hitting $10,000, many are expecting for it to go down because of the impending correction. There would be a buyer exhaustion at some point and then it will slowly go down and maybe there would be again another fear, uncertainty and doubt that would be spread by whoever wanted to make it lower so that they can buy cheaper. With all the newbies in crypto world, many would panic sell if this would be the case like what happen months ago and then it would slowly go back up again and reach new all time high.

Litecoin and Ethereum for me. They have been existing for years already and their price and have been increasing since. I think if you miss the bitcoin train then you still a chance to gain from this two because this two altcoins have real usage and their founders are known and very active. Litecoin is one of the forks of bitcoin with more supply and faster transaction but it is not that famous compared to bitcoin. It has been increasing steadily and with the rise of bitcoin to $10,000, it rise as well to $100 which is an all-time high for it as well. Ethereum undeniably has a good future knowing that it is the platform mostly use by ICOs and has partnerships to corporations as well such as Microsoft.

When you are trading alts with bitcoin as base currency then it would be best if you do it when bitcoin is not having a major move like having a bull run or having a correction because whenever it do so, alts are going down as well but you can protect yourself from losing when you have proper risk management like having stop loss and not being greedy when you are already in profit.

Holding would be best when you don't have the skill and time to do so in trading. There are many people who will immediately trade without even knowing the basics in trading like knowing what is support and resistance and what is trend or consolidation. Some are just following the hype so there is a tendency to panic sell when there is fear, uncertainty and doubt. In this case, there is a tendency to lose more than to earn so the better choice would be holding especially now that bitcoin is having a bull run so alts are in the red.

I like your idea of delivering food directly from the farm so it would mean that you will deliver it fresh. It would be an advantage to the seller because they can charge the right price for their products because if they deliver it directly to the big establishments like malls, hotels or restaurants then there is a tendency that they would buy the products at a discounted price so they would receive a lesser pay and income.

As for the buyer, it is an advantage because there is no need to buy at groceries anymore for the products and pay a premium price if they have the option to pay at a lower price with fresh products. No need to travel as well because it will be delivered straight to their homes.

Yes, there are many of them who just created a name of the token taken from the coins already existing because it can attract more attention. Many people are still joining the airdrops because it is free even if it is not worth it. I can see in that section that there is an airdrop appearing every day and most of the posters are newbies that are just out to scam any one who is unaware of it. This is a good checklist to spot those scammers and some of the forms even ask for private key instead of public key and some even fall for it unaware that they just easily give away their coins.