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RBI ban Bitcoin?
RBI hasnt banned bitcoin yet.. RBI has banned the fiat being used to deposit and withdraw the money into bitcoin exchanges/ ecosystem... However, there is a supreme court case ongoing and the final hearing for the same is on September 11, 2018 - where a decision would be taken.. Sometimes, government ban it temporarily to to slow things down until they figure out how to win this game.
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Visionary? may be a bit..
i am not yet successful in life but still have always felt that my thinking is better than the thinking of people around me.. I am very positive person with a sixth sense to see if anything will fail or succeced in future - especially a business.. That may be because I read a lot.
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6 to 8 months is a good enough number to keep in mind and aim for it.. Ofcourse, depending on your body type and the amount of effort your put in plus the diet - you might be able to achieve in as quickly as 4 months also - which is half the time
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With so many new blockchains coming on a daily basis, do you think there will also be a time when government will decide to open a public blockchain ? If yes, would they prefer to operate identity based blockchain or something else ?
I do not expect a complete abandonment of the paper money at the moment. If there is the possibility of using the Blockchain by the central banks, I do not think there is anything that prevents governments from creating their own cryptos. Definitely will not be anonymous currencies and users will be linked to their ID. Nor do I expect there to be a high transparency for each system. 3. Reverse/delete transaction, which totally kill the idea of blockchain Basically, it's not much different with today's system. How can they reverse/ delete a transaction. There is no such thing as editable blockchain ! Basic 101
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60% of the world population cannot access computer is itself a wrong statement !
But, still - whoever cannot access computer can access mobile phone. or will get an access to cheap mobile phones in future
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity. How to find such a person from whom I can buy bitcoin ? What about buying altcoins ? what about buying large volume in bitcoin ? Your statement seems not practical to me...
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There are number of factors that will help bitcoin rise again.
1. Retail investor confidence in India is dependent on RBI v/s crypto exchange case in supreme court- where the final hearing is on Sep 11, 2018.
2. ETF can be a good factor and if SEC approves the ETF by CBOE on Aaugust 10th, then sometime by early next year - first bitcoin ETF will go live..This will increase the institutional investors confidence.
3. Custody solution recently launched by COinbase will also attract money from institutional investors
4. More and more companies like Square Cash, Telegram, Samsung, etc getting into the crypto space will eventually motivate / inspire the remaining merchants which will drive the merchant adoption up !
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Bitcoin is manipulated. This is a well-known fact. We must admit this.
Did you try to study if the stock market was called as a manipulated market when first 5/ 10 /100 people issued their company stocks on a stock exchange in its early days ? I am assuming you were not born by then, but the information is available on google.. Do check
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China is giving much importance to blockchain because china is finding new way to earn money from this technology because chines peoples never do anything without any reasons they know this technology is good for their economy and they will launch their own products using blockchain.
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I thing its a biggest whales or group who is holding more bitcoin they are transferring these bitcoins in ledger wallet or somewhere else they wanna store their bitcoins also this can be a big corporate company who is holding bitcoins but i hope they not ruined this market, this kind of biggest transaction show us biggest whales exist here who can manipulate markets.
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Yes bitcoin price can manipulated by other mostly big whales or groups who are holding most of bitcoins they make fall down market and make panic most of investors and then they buy their bitcoins and then sell in profits when market will up but we need to more aware about bitcoin market exit and entry time because right strategy give us good profit.
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Yes you are right dump problem is because of short orders peoples are not holding long term their investment like they hold with banks and Fix deposits they are selling bitcoins due to fear of losing. now short pump and dump can give profit but its not good for bitcoin future,peoples need to hold like as a capital investment in bitcoin for long term.
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This this is the bad new for crypto enthusiastic people who are really love bitcoin and doing businesses but after RBI decision exchanges are not allowing withdrawal and deposit of money my money also stuck on Zebpay wallet but one thing is good we can transfer or trade bitcoins & other cryptocurrencies on exchanges.
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Yes if financial advisers is excited about bitcoin then definitely its a good sign for who is trying to invest in crypto currency, but warren buffet says this is the end of bitcoin because he support stock market and don't wanna loose customers who are ready to invest in cryptocurrency because he is making peoples panic and trying to He not loose his customers for stock market.
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This is the very innovative idea for promoting bitcoin and really interesting if this kind of loan give peoples more confident to invest in bitcoins and they easily understand cryptocurrency if this type of exchange come again and start this kind of service then will be very good for bitcoin and cryptocurrency future.
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Bitcoin in the last year was 20000$ in December 2017 but this time after 6 months market is down i am sure after few months definitely bitcoin will go 15000$ this time people need to hold and keep patience and they will get good profit now peoples need to buy bitcoins as much as they can.
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Now people are demoralize because of bitcoin and Altcoins market is down from few months many peoples think bitcoin is die but and market will never recover but people need to understand blockchain technology is much more what they think about it, don't know in upcoming days what changes come and this currency give good profit like December 2017.
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RBI and Indian Government is hesitate for cryptocurrency because they think its a biggest security thread for India, money laundering and mafias can do illegal activity from this currency but Indian government can Legalize this currency making a new law and policies for investors who wanna invest in cryptocurrency i think this will make strong Indian economy.
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Peoples are crazy for bitcoins because of its volatile price peoples need fast money and bitcoin give them earning opportunity, in last December 2017 bitcoin price was 20000$ and this price attract many investors, now bitcoin market is down but still many investors are getting profit from small pump and dump of bitcoins.
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yes bitcoin volatility is not a big issue because of peoples getting panic when market is down because its a cryptocurrency but this same thing happen with shares and stock market. if market goes down then definitely in few times market go up so no need to panic for this volatile market Because bitcoin change many peoples live and many investors getting profit from this currency.
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