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Because of the fall in rupee, I have suffered slot of loss in bitcoin.

Try investing in one of the coin,  you'll get to know a lot of this cryptography world

Bitcoin has overcome more than 300 deaths now. There were times when crypto critics gave their verdict that it is the end of Bitcoin. However, it bounced back every time proving them wrong.

Despite the struggles that Bitcoin has experienced, there has been a noteworthy influx in terms of investments in the market.

Long-term BTC holders believe that the Bitcoin market moves in cycles. If that is the case, BTC price will certainly shoot up.

Considering the speculations, you should as well be convinced that the price of Bitcoin depends on risk tolerance and belief in the long-term viability of the number one cryptocurrency as an asset.

Let us have a look at the Bitcoin price graph for the last one week.
The graph does not follow a downward trend throughout. It touches the peak at $6800 on 22nd September and then comes down to more than $6400 on 25th September.

Bitcoin is subjected to volatility. For a stable rise in Bitcoin price, we have to allow it some time. It is too soon to predict that Bitcoin will rise exponentially in the near future. However, I am bullish about the fact that it will crash and rise again in cycles.

one of the indias oldesy crypto exchanges is shutting down-  zebpay
Peer-to-Peer to the rescue
Mumbai-based cryptocurrency exchange WazirX launched its service on 8th March 2018, just a month before the RBI notification prohibiting banks from dealing with cryptocurrency exchanges.

Launching an exchange into this regulatory atmosphere was not the most perfect scenario for Nischal Shetty, founder and CEO of WazirX. “Within a month, the news about the RBI ban that would come into effect from July came out.” Three days after the ban kicked in, Shetty launched a peer to peer service using which people could cash-in and cash-out of crypto without needing to deposit money into the company’s bank account.

WazirX and Koinex were some of the first Indian exchanges to offer peer-to-peer crypto trading options which came as a lifeline to exchanges and customers at this time.

i am from india , i invested in this $BEX basically binex.trade and got good returns good investment

RBI has banned cryptocurrency in India and has instructed banks to stop providing services to entities dealing in cryptocurrency. Moreover, RBI intends to launch its own version of centralized digital Indian Rupee based on the blockchain. The government cannot regulate decentralized cryptocurrencies and has come up with this idea to cope up with the ban.

One cannot deny the fact that the Indian population is also lured towards investing in cryptocurrencies. The ban might not be able to stop cryptocurrency dealing completely but in fact, create a huge underground market and increase over the counter dealing of cryptocurrency.

In the future, the government might think of bringing cryptocurrencies under regulation through licensing. So it's entirely up to one to hold their cryptocurrency or to sell it for the profits they can realize at the moment.

Primarily Bitcoin among all the cryptocurrencies was introduced as a solution against the current problems the established economy faces, such as inflation, scalability, income gap etc.

So to think in a way, it’s a currency of anti-establishment and in a sense, challenges the government-backed currencies. And if we think in these lines, it's not a surprise that governments around the world including India are answering the rise of cryptocurrency by imposing bans.

Yesterday payout has been doubled on binex.trade, investing in $BEX has been a good investment yet.😎

Even my friends had a lot invested in zebpay still havent recieved their money back. any suggestions ?

There are essentially two ways to own Bitcoins, three if you consider earn.com and earn-bitcoins.com as sustainable resources to get Bitcoins.

These sites let you earn money by completing mundane tasks, such as replying to emails, taking surveys, getting tipped by the community, etc. However, a substantial return from this activity is highly subjective and might I say, very doubtful.

So let’s move on with the remaining two i.e. Mining and Investing.

Mining:

Bitcoin works on a decentralised network and can be mined by anyone who holds any amount of bitcoins.

Bitcoin miners are the people who verify a transaction happening on the blockchain in return for a transaction fee that they are awarded for solving that specific problem.

This problem is a complex mathematical function, whose solution is always lesser than 256 bits, hence it is called SHA 256 hash function.

The nodes connected to the bitcoin blockchain are all potential candidates to mine bitcoin, however, specific hardwares which contain high-performing GPUs or ASICs from mining giants such as Bitmain and Nvidia are usually preferred among the miners due to significant yields.

Bitcoin mining requires time, electricity and most importantly large investments, which is not a very viable prospect for an individual investor citing irregular or very low yield against a very high cost of operation.

Hence, people generally root for pooled mining where everybody in the pool gets a proportionate share of the transaction fee for the amount of work they have contributed to verify that transaction.

And, above all, the mining difficulty tends to go up as more and more miner joins in, this is to keep the Bitcoin influx always in a steady motion.

The blockchain adds another block to complete the transaction and allocate the person his/her fair share of transaction fee for solving the hash function.

When the solution is found, it is shared by every other node on that network and is propagated along the way. This block contains proof-of-work details, which is to ensure that the finding of a new block was time and money consuming.

(For details about proof-of-work, visit https://www.bitcoinmining.com/)

The block creation rate is balanced out by recalculating the mining difficulty after every 2016 blocks. This is the reason why bitcoin mining difficulty rises exponentially as the bitcoins are now more popular than any other cryptocurrencies, hence there are more miners than ever before.

With more ASICs and GPUs in place, the average mining time decreases, and to compensate all that, the mining difficulty shoots up, which helps the mining time and the rate of creation of a block, return to normal.

There are several sites which mine bitcoins on a user's behalf against a nominal cost when compared to the hefty individual expenditure otherwise. In such scenarios, users are required to pay a certain amount to the company for the management of hardware, software, bandwidth, electricity, etc that are required for mining.

To narrow down the whole phenomenon, unless you are willing to pay for avant-garde mining instruments, Bitcoin mining is a no go.

Now, it all comes down to

Investing:

If you are looking to invest, say $5000 in Bitcoins, then first consider this major aspect, irrespective of how many times it has been reiterated by everybody else

*THIS IS A HUGE AMOUNT*

Most crypto enthusiasts believe or say that cryptocurrency is a highly volatile domain, hence, $5000 don’t make much sense.

Without being disrespectful to anybody’s sincere outlook, this a significant amount (if not much) for the general audience, who are looking to start fresh in this field, in terms of investment portfolio, allegiance, or, vested interests.

This can be achieved with the help of fiat-crypto exchanges (if you have fiat only assets), or crypto-only exchanges (if you already hold cryptocurrencies).

So, to answer your question, I would suggest you to conduct a thorough research about latest ICOs, established and new cryptocurrencies, and even prior to that, ask yourself, do you believe in the vision of crypto especially Bitcoins, or are you looking for a quick fix only!

As, one’s fall can be other’s lift or vice versa or maybe both can fall and swell together depending on market interests.

If you are more or less inclined towards just a quick fix, then my friend, you are not taking enough risks to even consider the term investment for your one-time frenzy, otherwise, you can invest your hard earned money in any of the below cryptocurrencies and tokens such as Bitcoin, Ripple, Ethereum, BNB, BEX, etc. as the market has just suffered a huge crash, and the inevitable surge is believed to be just right around the corner.