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I already have full kyced account but guess what it's for new users only
Always a catch! Anyway, now that you have the voucher, you might be able to give it away or perhaps exchange it with someone who has a voucher that you can redeem. Most services like these use voucher technique to get new users, nothing wrong with that, but sort of a sad thing to do for loyal old users. |
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Atleast he thinks that Gold and Bitcoin are the same - and he does not buy gold and he does not buy bitcoin.
The chinese did a very wrong thing, they should have tried to control bitcoin, tax it and made money from it. Banning it made the Chinese people sell their crypto investments for cheaper prices, their crypto rigs and asics were sold for less and on the whole they only got losses.
Their loss is every one else's profits. So many countries gained the same BitCoins and the Alts, the rigs and the asics and even solar panels that no one is counting.
Now the old man thinks that the Chinese did the right thing? Actually the old guy did the wrong thing - ages ago! He had seen bitcoin grow from a few dollars to several hundred dollars but did not buy it. Then it went to several thousand dollars and the old guy still thought it was a waste of time and it will eventually become worth less. And now - that the bitcoin is $42k+ at this time of writing this post - the Grape has surely Turned Sour!
And so is the old man Sour!
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The legal or IlLegal status of bitcoin in a country changes with time. These same countries that are banning bitcoin now - might have a need to ask for funds or loans from other countries - and that donation or loan might come in bitcoins. Or better, the other countries might ask for colateral in bitcoin... wonder what the legal status of BitCoin in the same country might be then? That said, no one needs to be on the wrong side of the law, commiting crime isn't good. It depends on the individual and their position - people with a lot of crypto assets today are even changing their countries to keep things going. 1. How can you have Bitcoin/other crypto if you not bought it? When you bought it, you need to trade with your fiat isn't?
Not really, we can earn it for services. The bounties here on BitCoinTalk is a prime example of how you can earn so many kind of crypto without any paper work, kyc, fiat exchange etc. Even you have followed all steps to hide from government, I still advice to not use Bitcoin if you live where Bitcoin is illegal because it's just like committing a crime.
I agree to this. However, for some - BitCoin is like fighting for freedom - it is a universal currency, a freedom from taxes, regulations or authority. This is like fighting for freedom. Lots of people went to jail when they fought a battle for freedom and this is a lot larger than that. Don't discount my above paragraph - in the future, there will be a lot of things that will be universal, the human civilization isn't that old and many more Good things are yet to come. Sooner or later bitcoin will be unbanned and one can find himself quite a HODLer at that point.
Yes, this is really the main thing here. In the future the value of bitcoin will rise - and thus the sooner you can get into it is better. If one waits for their country to make it legal then surely the best time to get into BitCoin will be wasted. If you realize today that you should get into bitcoin now, that is the best time for you. The longer you wait, the higher its value will be. Just like in our country, when they heard bitcoin, they always think it's SCAM, lol.
They will realize this soon as their mistake - but the price of this decision will be paid by their innocent citizens. |
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People in the crypto industry should pay taxes by their own. It would had been a great headline if such exchanges had paid their GST on time and set an example showing the nation how much crypto is contributing towards the Taxes.
Crypto communities have always helped their countries, be it Covid relief or any other such requirements - people of the crypto communities have helped.
Surely the rules and the laws regarding crypto isn't all that clear and perhaps in time when the crypto bill goes live, it will be easier for these exchanges to pay their due.
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Now India might have to Buy Crude Oil from Iran in BitCoin The petrol prices are on fire! In a country where free electricity, free water, free gas can win you elections - imagine what cheaper petrol prices can do. In other news - Iran is permitting the use of Crypto Currencies for International Settlements. The Iranian deputy minister of trade went on to say - "in our major markets such as Russia, China, India and Southeast Asia, using cryptocurrencies is common" God bless him - he is so misguided. Please someone tell him that in India, the politicians knows nothing! They are just a bunch of ... trying to decide what a is BitCoin and how best to kill it. We had been recently talking about how in the future - if India has to go asking for a loan, the Co-Lateral asked won't be gold, but it will be BitCoin. Now, let's get some more facts in: Let's talk about - OPEC+ Russia is the biggest power here and as we know, Russia likes Crypto. They will be really happy to pay for Oil in Crypto. This will make matters even worse for India because India does not have bitcoin reserves while other countries in the same boat - countries who import oil, Russia among them have plenty of BitCoins to spare. As a result, if the petrol prices in India rises - due to lack of BitCoins in India - we know whom to blame! Source Hindustan Times - India, which imports more than 80% of the crude it processes, imported about 23.5 million tonne of Iranian crude, nearly a 10th of its requirement, in 2018-19 on lucrative terms Next time these lucrative terms might involve payment in bitcoin ... we will see how it goes. Obviously, things might had been different if BitCoin was Legal in India. |
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Hello Friends, What if bitcoin was legal in India? 12% of world's bitcoin hashing power is in Kazakistan - that could had been in India. Imagine the kind of investments in Solar or Hydro had happened in India to keep those mining hardware running. The jobs it had created, the taxes the government could have collected, the money the poor Indians had earned. Nearly a Billion dollar of investment has been done in a single round of purchase of Asics equipment in the USA. That could had been in India. Let us trend this hashtag - #IfBitCoinWasLegalInIndiaWhat else can happen in India if Crypto and Bitcoin was made Legal. Not legal tender - just legal so that people can operate various crypto projects legally and pay tax on them - and keep it clean. The first one has been done for you - The Great Indian BitCoin ReservePlease add your own, and tweet it out so that it trends, thanks, Uttoran Sen |
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Normally a rig would have 6 to 8 cards which will take 400 to 500+ watt - having a few of these is like running a Water Pump, Geysor or heater. If you have more of these then it is like running an AC. The issue is with the Asics which takes 1500 watt to 4000+ watt.
Having a power socket with 15 Amp and 2.5 MM wire is more than enough. For 4k+ watt it is preferable to have a 4 MM+ wire and a stronger MCB else it might trip.
Think about the whole thing in terms of money - a rig with 8 cards will cost 3L+ and an asic that takes 4k+ watt input and gives 100+ THs of speed costs 10 Lac+. On the other hand one can easily buy solar power that costs half that money. Plan the process well and you won't have to worry about electricity so much.
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Also I don't understand why GST department had initiated this raid! Where cryptocurrency is not defined under any law, how can a transaction in crypto can attract GST! That's very unfortunate to be honest!
It will all come under GST when the coins gets converted to real money. As long as the coins are BTC, ETH or whatever, they are fine and pretty much out of tax issues. The exchanges are taking money and converting it to the coins - which is easily taxable. |
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Once again the cycle got repeated, many investors did panic selling listening to fake news here and there and now would be regretting their actions.
Yes, but the same investors and everyone else has got this chance of buying whatever they sold - because BTC, ETH - is still very low. People were already expecting that the finance minister might not bring this bill in this session because there's way too many, and more important bills, waiting for their queue. Someone even asked the minister if this bill might get a chance to show up at all and the minister replied that they are very serious about this bill and it will come this time. Whatever their intentions, it was quite certain from the start that they simply do not have enough time to get this bill questioned when more priority bills are waiting in queue. |
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Our government already has a lot on its plate and making another 20% to 30% of the Indians mad by bringing a crypto bill should be the last thing they want to do.
Its good that they skipped the bill this session.
The next time they plan to bring this bill - the crypto holders of India will rise from 20% to 40%+ and that will be an even bigger angry vote bank to mess with.
Make the most of this time - invest more into crypto.
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It is not all that difficult to come up with a crypto debt card. Atleast for our own token, we can make a debt card and have it available to all Indians - and as liquidity makes way, the debt card can be used till the liquidity runs out.
The problem is with the legal side of the system. Recently I had a long chat with a supreme court lawyer and an expert on company rules and we concluded that such things where crypto is connected with currency - is not going to see the light of the day.
Now that the crypto bill isn't coming, atleast not in this session, so everything will remain in the grey area for the time being.
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So ultimately everything boils down to paying taxes or not. And yet, there is a huge economy working within the country that works on cash - completely undocumented, and yet no one is worried about it. Even the local chatwala, samosa wala, chaiwala - earns Rs 2k a day to 5k a day (guess their monthly income? ) selling stuff on the road side - all cash transaction, no records - no taxes and everything is fine. And yet, someone uses crypto to transfer money to their families - and taxes becomes an issue.
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Hello Friends,
Am Uttoran Sen from India and the CEO and Co-Founder of GuestCrew,
Feel free to ask questions - working on this Crypto Project for some time now, hopefully it will become popular with time.
Just thought to post this message so that we can connect with fellow crypto Indians and discuss further,
thanks,
Uttoran Sen
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Am just holding - don't have a lot so no point converting it to Cash and then it will be wasted on some useless expense. I have always considered Bitcoin to be a store of value, like gold, which I prefer to just keep and never sell.
Yes, the value of bitcoin will rise, perhaps up to eternity, however I won't be alive to see it - but the same thing is true for all assets that we keep for later - like house, land, gold even shares of companies that are ever green. Hopefully someday, someone from the family will take it up further and keep growing it as long as they exist.
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GuestCrew has a good idea about a creation of the huge buzz about information you want to bring to people, using social medias
Thank you so much. Yes, we have been working hard to make the GuestCrew Influencer Marketing platform a self-sustaining network that is powered by the #Guest token. this platform can really help to build a social media and guest blogging campaign, and it can help people much because in our days social media is so popular
Thank you so much. Am I too old or is the terms IFO isn't that that popular and I'm justified to have the barest idea of what it is? And sounding the similar concern by two users above me, how long will this token sale happen? Your timeline shows that ICO should happen in Q2 2021 and IFO in Q3 2021. Given we're on Q4, doesn't that mean either you should have concluded your token offering or need an update of your timeline?
Yes, you are right. The timeline needs to be updated - it will be more like 2022 before we start IFO. ICO for us isn't an event - it is going to be a process and it will run in 15 phazes. It will run as long as the Coins set aside for ICO - 15 Million coins, will be sold out. It seems that knowing when their funding program ends is just waiting for an updates on their official twitter and facebook accounts, also this thread is hopeless because OP is not someone that active in responding to what is happening in this thread while I didn't find any telegram group for direct discussion with the GuesCrew team.
I am sorry for not being more active. From now on, will check here more actively. Our telegram is available in the Bounty thread - please visit it, thanks How long does the sale last? Will the token be locked after buying?
The ICO will run in 15 phazes - a total of 15 Million coins are set aside for ICO which is 15% of the total supply. It won't be locked after buying. We are running this ICO for raising money - which will be invested into buying Miners. We will mine ETH, BTC and other coins. These mined coins will be available for our members to exchange for their earned or bought GUEST Coins. The sale phase, I see 6 phase at different prices. But how long does each phase have? I also see the plan to do IFO on Pancakeswap, is that have price include in the sale phase? I think will be more crowded later in Pancakeswap, since in https://guestcrew.com/buy-coins, people checkout to buy using Visa and Mastercard, while not all investors have it, I'm sure. There are no set timings for these phazes - it will be based on how fast the coins are sold out in the ICO. We have 15 Million coins set aside for ICO - when the coins will get sold the ICO will close. We are working on enabling payment by BTC, ETH and other popular coins. With countless number of social media platforms, what they need to do is at least get their own niche where they can be of real use to its users. And they need to find a way, maybe a specific feature that will sustain the interest of their users. Because if not, people just go from one network to another. We will know in the next months to come if indeed they can attract social media users here.
Our social media network is targeted to content amplification - our members are influencers, they share content on their social timelines. That is our niche. Really sorry for not being more active - will check replies more often, thanks |
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I hope they roll it out for the rest of the world as well. This is a welcome news and should help in further mass adoption of Crypto.
Not a big fan of Paypal or their parent company eBay, they have a serious issue with their system as far as cancellation and chargebacks are concerned - but with crypto payments they will surely forget the chargebacks!
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Very nicely explained. The problem with new people on the crypto sphere is that they start to believe in everything that they see. Publicity and trust, both aren't the same thing. It is always the project that people should look into before investing - not the publicity of the coin.
Overall, anything on the internet needs to be checked very deeply before trusting.
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Old news or not, banning bitcoin now is a false move for any country. On the other hand, those countries that are now adopting bitcoin are the ones that has all but to gain.
Think about it - is tomorrow a country bans Gold, (mining, holding, trading ...) what will happen - that country will lose gold and other countries will benefit. The same thing is happening to China and their loss is the profit for the rest of the world.
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Or like in the Avengers end game, when its so obvious that in the end the group of woman had an apart and special moment (extra feminism in those Marvel movies) and many other points in those movies...
I have always wondered about this too, it makes the whole film look so fake - that just to be, as you say - politically correct - you have to make a scene and bring about a group - here in the Marvel, for the sake of extra women power ... (surely it made some of the women in my life very happy to see that scene) - but it wasn't required. The whole endgame war was chaos and there is no way a group of women can come together and make that scene. It was totally unnatural. There's so many other films that does this on a regular basis, think about the actors that does not gets the job because they want a specific color or body type ... but I had always thought that I was the only one to think in this way ... |
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That is a good list to start with, surely there's many more. The cake tokens from the pancakeswap is a good one. Good to see Matic, Polkadot etc. on your list. Basically any project that has a real work use and are trending at this moment for good reasons is a positive investment.
Once you have invested most of your investment budget into Bitcoin and Eth - it is time to look into these.
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