Bitcoin Forum
September 24, 2024, 01:47:22 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Bitcoin / Bitcoin Discussion / Re: Indians Look to Buy Bitcoin Overseas as Regulations Tighten. on: May 18, 2018, 07:49:42 PM
As cryptocurrency regulations start to pile up in India, a new trend is emerging for Indians to acquire cryptocurrencies from abroad, such as from relatives or friends with overseas accounts.

The Indian government has recently intensified its efforts to strengthen the country’s regulations on cryptocurrencies, promising that a regulatory framework for them will be announced soon. Earlier this month, the Indian tax authority issued notices to 100,000 crypto traders asking them to pay taxes.

The Blockchain and Cryptocurrency Committee (BACC), an industry group whose members include 7 cryptocurrency exchanges, is considering several initiatives, such as creating a database of crypto users and transactions, to comply with the government’s mandates

That sounds pretty cool right , crypto growing in india. well , I guess this is a good news , except the tax news .

It seems that the Indian government is taking advantage of the fact that they can really tax crypto if they wanted to, and I know there'd be a lot of opposition with this move but what else can the Indian traders do? It's a shame that you can't freely trade crypto in your own country and you need to resort to other expensive ways just to trade. This will inhibit the growth of crypto in the said country and instead of the government benefiting from the taxes, there'd be none since most people would likely choose buying overseas and taking their business in there.
I totally agree with your statement . yes , that's true Indian government will have lot of profit due to this move and they might have taken it deliberately . I just hope all the things should go well with india .
2  Bitcoin / Bitcoin Discussion / Indians Look to Buy Bitcoin Overseas as Regulations Tighten. on: May 18, 2018, 06:11:15 AM
As cryptocurrency regulations start to pile up in India, a new trend is emerging for Indians to acquire cryptocurrencies from abroad, such as from relatives or friends with overseas accounts.

The Indian government has recently intensified its efforts to strengthen the country’s regulations on cryptocurrencies, promising that a regulatory framework for them will be announced soon. Earlier this month, the Indian tax authority issued notices to 100,000 crypto traders asking them to pay taxes.

The Blockchain and Cryptocurrency Committee (BACC), an industry group whose members include 7 cryptocurrency exchanges, is considering several initiatives, such as creating a database of crypto users and transactions, to comply with the government’s mandates

That sounds pretty cool right , crypto growing in india. well , I guess this is a good news , except the tax news .
3  Bitcoin / Bitcoin Discussion / Re: Russia to Criminalize Bitcoin Use.. on: May 18, 2018, 06:03:45 AM
The Russian Ministry of Finance is drafting a law to criminalize the use of cryptocurrencies as money substitutes. The Bank of Russia and the finance ministry have previously opposed the use of cryptocurrency in this way, citing that only rubles can be used for payments of goods and services in Russia.The Russian Ministry of Finance proposed last week to “criminalize the turnover of money surrogates,” including cryptocurrencies, Interfax reported. Deputy Finance Minister Alexei Moiseev revealed during Vnesheconombank‘s conference that his ministry has “prepared a draft law on criminal liability for the turnover of money surrogates. This seems to be kinda bad news .
4  Economy / Economics / Re: Bitcoin plays a vital role in the economy on: May 18, 2018, 05:55:12 AM
yes , Bitcoin plays a vital role in the economy. Cryptocurrencies are disruptive economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. Every transaction is digitally recorded in blocks which act like ledgers and once a block is filled a new block is created. All blocks are connected to each other using hashtags and a linear chronological sequence of these blocks forms a blockchain. Thus, every transaction is digitally recorded to keep security at a top notch level.The economic power which lies with the governments and financial institutions is at stake which has made them wary of cryptocurrencies.
5  Bitcoin / Bitcoin Discussion / Re: Will banks ever offer bitcoin deposits? on: May 18, 2018, 05:49:17 AM
Bitcoin deposits , that souds really profitable for the banks . but that would be risky too at the same situation , banks are already finding ways to get interacted with bitcoin . well , its a sure thing that this would happen in future  .
6  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Scam - No more on: May 17, 2018, 05:13:30 AM
No , I never thought that bitcoin was a scam . well, few were thinking that it was . but yeah recently the value went high and many who were thinking that it was a scam are now believing in it . still there are people who think it's a scam .
7  Economy / Speculation / Re: why bitcoin is volatility? on: May 17, 2018, 04:59:25 AM
yeah , I totally agree with your statement . Bitcoin is volatility .  there are only 21 million Bitcoins that can be mined in total. Once miners have unlocked this many Bitcoins, the planet's supply will essentially be tapped out . so the bitcoin is limited but the traditional money isn't .
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which is the Top potential coin to buy now? on: May 17, 2018, 03:49:16 AM
I have many on my mind , but right now I'll let you know few so that you can research about that .

1. Wabi : WaBi is a free floating blockchain based crypto-token with strictly limited issue and exponential transaction growth potential. It is an electronic cryptocurrency which supports Walimai’s anti counterfeit system backed by sales of products protected by Walimai technology. Consumers around the world can purchase products protected by Walimai technology with WaBi.

2.Simple token : It’s basically used to power and link niche token economies from mainstream consumer apps and build a network of Branded Tokens with OpenST protocol, which businesses can use to launch Branded Tokens without doing blockchain development of their own.Till now crypto has only been powering upcoming DAPPs and very few tokens have been looking to integrate the current app infra to blockchain.

 3.Dragonchain : Usually announcements like this are already priced in, but with the market in its current state, people don’t seem to have jumped on the Dragon’s back with quite as much enthusiasm as they may over the next few weeks.Dragon is perhaps the best long-term hold of these three picks as well, so now might be one of the best entry-points you’ll ever get.

4.  Oyster Pearl :  Oyster Pearl is the altcoin I’ve been dreaming about for a while. It solves exactly the sort of problem you would expect the new generation of cryptocurrencies to solve: ads. Now if you’re using this website without adblock, you’ll notice advertisements within the content and in the sidebar. Someone has to pay the bills.PRL eradicates that clutter and intrusiveness of display advertising while ensuring content creators like us don’t get punished for it. PRL uses the IOTA Tangle to store users’ files, and uses a website visitor’s GPU and CPU processing power to ensure those files are maintained on the distributed ledger. It also uses the Ethereum blockchain with its PRL ERC20 tokens to pay out content providers who have integrated this technology on their website.

Well these are the few coins I think which has enoug potential .
9  Bitcoin / Bitcoin Discussion / Re: Depending your future in bitcoin... on: May 16, 2018, 07:18:28 PM
Yo , It really depends on crypto .but not totally , we gotta think a lot about it .well , bitcoin is a great investment but we don't know what will happen in the future .we can't exactly predict what can happen. you just have to hope for the best .
10  Bitcoin / Bitcoin Discussion / Re: The Future of Cryptocurrency on: May 16, 2018, 06:25:54 PM
Yeah i feel this is a good move for the cryptoworld .if it'll keep on expanding like the same way untill 2030 there will be huge difference in the cryptoworld and i hope it would be much better .
11  Bitcoin / Bitcoin Discussion / Re: Zimbabwe Bans All Cryptocurrency Activity on: May 16, 2018, 06:11:04 PM
Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies , but stopped short of banning local cryptocurrency trading exchanges.In the southern African nation, those who trade in bitcoin say it offers rare protection as their bank deposits lose value almost by the day while others use it to fund family members studying abroad or purchase goods online.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think if Facebook releases its coin? on: May 16, 2018, 10:43:34 AM
If Facebook release a coin ?  well , that sounds cool .mark zukerbaerg would be top in the rich list . cause Facebook , instagram are the main things which are under him. I think it would be a gteat success . but no one knows what can happen .
13  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is Different From Other Currencies? on: May 15, 2018, 10:24:21 PM
Yeah it is different , mainly because of its amazing features , the maintenance and the value .it's literally the best  from other crypto currency.
14  Bitcoin / Bitcoin Discussion / Re: Bitcoin to be used as world currency? on: May 15, 2018, 10:19:25 PM
If bitcoin is going to be the world's currency , that would be really great . well there are many possibilities for it . But I don't think so that the traditional currency is going to be swapped with bitcoin . because if that needs to happen the world shouldn't have poverty it should be well developed . like every single place should be developed with out any poverty so all the people can use the bitcoin as the currency . well that's just an imagination . but bitcoin can be still used in many ways .
15  Other / Beginners & Help / Re: What Is A Blockchain on: May 15, 2018, 06:59:13 PM
Originally a block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain.well this is just a brief.
16  Other / Off-topic / Re: Music Recommendations on: May 12, 2018, 10:27:08 AM
well , edm's are quiet catchty right now so I'll prefer them from my side .
actually I'm a music addict so the music is 24/7 with me i can suggest you more dubstep , trap and pop they all sound good .
but special attention to these .....bum tam tam , all time low , all falls down , if I'm lucky .
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency is a bubble? on: May 12, 2018, 08:16:19 AM
well , people have their own opinions .
I don't think cryptocurrency is a bubble cause probably it'll stay long . if it has made it till here then why not for more . it has changed many things amd it might change many more .
18  Bitcoin / Bitcoin Discussion / Re: Best investment is bitcoin on: May 12, 2018, 07:58:56 AM
The market has been a bloodbath over the last few months, following an incredible, yet unsustainable, growth in the months before. HODLing has been tough going, and given the current market valuations, a lot of investors have given up and taken their losses.
To maintain it in a better way , people gotta use strategies and double check before whatever they are trying to do , this method may sought it out .
19  Bitcoin / Bitcoin Discussion / Re: Is there a chance Satoshi is dead? Car accident, heart failure, ect on: May 12, 2018, 12:45:55 AM
 
Our assumption is that the supply of bitcoin will approach 21 million as specified in the current protocol.  To give some context, the current supply of bitcoin is around 13.25 million, the rate at which bitcoin is released decreases by half roughly every four years, and the supply should get past 19 million in the year 2022.  The key part of this assumption is that the protocol will not be changed. 
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can ETH price increase to 1k3$ again ? on: May 11, 2018, 01:14:50 PM
Ethereum , I say its one of the best coins I've seen yet . well , I'm pretty sure that it'll hit back to 1k.
I can't exactly say when because no one can predict it , I just have hope in it .
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!