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I know its hard to sell land in crypto, but I still want to give a try. There are lots of crypto millionaires in India who are also want to sell their crypto.
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Yes, I am serious about it, you don't have to show on record that you are selling your land for crypto. The DC rate is very low compare to the market price, DC rate could be paid in Cheque and the rest in crypto. And again if buyers willing to pay fully in crypto the cheque could be later canceled and paid in crypto also.
If I found no buyers in crypto then obviously will sell for INR then convert it into crypto. I know the chances of finding a buyer (who pays in crypto) is less but I still want to give a try to this.
No, I don't think you're serious. If you sell your property you're going to have to show it in records the amount received in full. The check cannot be cancelled because if that happens the registry becomes void. Also, all this comes under fraud. And there is a penalty of 100%. So, please, if you are serious. Don't do this. Sell your land and then buy with it whatever you need. Since, it is a rural property, there won't be any tax on it except the registration fee. Which is usually paid by the buyer. Collector rate (or DC rate) is around one lac per acre but the market is rate is 20 Lac/acre, the buyers can pay 1 lac/acre by cheque and rest could be paid in crypto.When you buy/sell any property the actual market value is never declared on paper. |
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Is this a serious post? I doubt it. Sell your land for INR and then convert it to BTC if that is what you really want to do. Indian registrar won't accept BTC as a payment mode. It is going to have to be in either Check or DD.
Yes, I am serious about it, you don't have to show on record that you are selling your land for crypto. The DC rate is very low compare to the market price, DC rate could be paid in Cheque and the rest in crypto. And again if buyers willing to pay fully in crypto the cheque could be later canceled and paid in crypto also. If I found no buyers in crypto then obviously will sell for INR then convert it into crypto. I know the chances of finding a buyer (who pays in crypto) is less but I still want to give a try to this. |
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Hello guys I want to fully liquidate my agriculture land into crypto.
I have approximately 43 acres of agricultural land, fully irrigated by canal water plus two submersible tubewells with electricity connection.
The current market value is approximately 8 Crore INR.
Serious buyers can DM me for more detail. I am the owner of the land no 3rd party buying/selling.
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People get confused between legal and legal tender. In most of the countries, Bitcoin is not a legal tender (not recognized as a currency) that doesn't mean that Bitcoin itself is illegal. In India there is no regulation regarding cryptocurrencies like most of the countries, it means cryptocurrencies are neither legal nor illegal here, however, the Indian government said they don't recognize Bitcoin as a legal tender. What it means, it means you can buy/sell or acquire Bitcoin legally in India, but the government wouldn't recognize it as a currency.
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SONM and Syscoin, not small project but both have potential to grow 5x-10x within 3-4 months.
SONM current market cap is only 50 million 7 full-time developers ( other than advisers & managers), following their roadmap not missing any milestone, technology-wise advancer than their competitor Golem. Cloud supercomputer which solves real-world problem. FInal product would come out in August 2018. After final prodcut expect 1 Billion market cap
Syscoin again great team and awesome project, they are rebranding. New website in Oct end, Masternodes with Blockweb market and Sys core 2.2 in Nov 2nd week. Current market cap only 70 million. Syscoin can easily cross 500 Million cap in coming months.
Chose a project with a good team, they should have at least 4-5 developers to deliver in time.
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For any crypto project, a team is most important if you have a great project but have only 2-3 developers you can never achieve your milestone. A lot of people are talking about Neblio how awesome their project is and bla bla .... but when you check Neblio team they have only 2 developers, with only 2 developers you can't deliver a working product in time.
On the other hand, SONM has 7 full-time developers on their team (other than advisers & managers) and their cloud computing technology is not only advancer than Golem but covers a wider range of task.
A great team, sufficient number of developers to deliver the project on time, a project which solves the real-world problem what else you need. My speculation is SONM market cap should be around 500 Mil within 3-4 months, which makes it 10x from the current price.
And after August 2018 when their final product would come out 1 Billion market cap is no joke.
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Everyone is saying BTS has great fundamentals, awesome tech, but still, it's dropping. 3 years old coin, world's largest DEX, fastest transaction but market cap is only 200 Mil $ and recent drop is just so frustrating. Bitcoin is recovering most of the coin is green but BTS is still 90's kid (1970,1980,1987,1990), I have not a single idea why BTS is dropped and still down.
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Bitshares is definitely most undervalue coin right now, a working world's largest decentralised exchange other than many more features this coin's market value is mere 200 Million Dollars, which is nothing in crypto world. My other selection is SONM, SYSCOIN and Walton coin. All have potential to go 5x- 10x within 6 months.
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