People often oversee these pullbacks as a bear cycle but these are just minor corrections which eventually gets reverified and prices bounce back again. These pullbacks are pretty common and there's nothing to worry about those. But in a bear cycle, prices don't just drop a bit but keeps dropping until they hit rock bottom. This makes things scary and people often start panic selling instead of buying back.

This triggers the bear cycle when there is lack of faith in the markets. We have not seen a bear cycle in a while and that's only because feel bitcoins are a store of value and will eventually gain more popularity over time. Bitcoins have gained immense faith and they continue to fulfil our expectations so even in a bear cycle, people will continue buying this time which will make the life of the bear cycle quite less.

It depends on how long are you planning to hold your bitcoins. $100 now might not be a good investment amount. Even if you jump into trading, you might start loosing portions only in fees. It is better to just hold your amount or store it in a place where you will not bother looking for the price change everyday.

Maybe, store it on a paper wallet and keep it away in a locker which you can open maybe after 10 or 15 years. For long term, yes these $100 can give you good profits. You might even see $1000 if we really hit $1M but as of now, it is quite difficult to say. As of now, you might just see minor fluctuation in your holdings which will vary between $1 to $10 at the most.

If you'd like to risk these $100 to earn a larger amount than try wagering it on freebitco itself. You can try out your luck but can also loose everything you have as of now.

This can be understandable. You can try to maximize your productivity if you are getting paid more and should think of a way to secure the earnings which can be useful in future if you lose your income stream.

Maybe a structured investment into government backed assets can be a better choice as even if you lose your high earning source, you can still get at least few profits from these assets by either renting or selling those. Without investments, these high earning sources are just like a temporary pleasure where you can live a lavish life without thinking about your future.

If you have a higher paying job, you can quite your stable job where you get less paid but you will have to be very carefully as this can turn out to be a biggest mistake if in case you loose this job and have no investments to back your future.

This tweet was also popular on reels. I got this a couple of times while scrolling my insta. We also pay taxes on everything. Our income, our expenses, our luxuries and even our necessaries. Taxes are unavoidable in our country. Even a regular coffee from startbucks will have 18% GST. I wonder, where does this money go at the end? Yes, some metropolitan cities show promising development but few rural parts are so behind that there is not even proper electricity and water connections for some people. The taxes are just so messed up.

For cryptos, 30% tax and 1% TDS was a really big step and most of us accepted that only thinking that this will atleast accept cryptos as a legal tender in our country. But did that really happen? For a certain extend, yes but still cryptos are highly unregulated.

Our government should really consider reducing these taxes. I really hope we can send a link to this thread maybe to our finance minister, lol .

I didn't see anything about KYC over here. So is it good to assume that there is no KYC on your platform? It might be a bit risky for people like us to trust your platform knowing there is no KYC thus no proper legal framework. Also you might soon start facing legal complications if you expand your operations. I'm excited to know about the working of your platform. From where do we get the USDT? Are the stored in your cold storages or is it just like a P2P where we will be transferring funds via UPI to a third party and receive USDT straight to out wallet? For that we already have a lot of trusted platforms where we can buy or sell USDT instantly 24/7 in just a few clicks so why would people trust your platform which is relatively new and have quite less information about the transactions?

I hope you are aware that we are bound to pay 1% TDS on every purchase or sell order linked to cryptos. If we are not paying that 1% TDS it means we are ending up in some huge trouble not now but maybe after a couple of years. 30% tax comes later but 1% TDS needs to be paid at the source itself. Did you think about that?

As much as I remember, there was a bitcoin ATM in India. The one I remember was set by Unocoin in Bengaluru but it was a big failure and was shut down just after a couple of months after commencing operations. That was way back in 2019-20. That time there were no rules and regulations set for bitcoins but now we do have a legal framework supporting crypto transactions but still we do not see any such ATM as of now. I'm pretty sure Bengaluru will be the first city to implement these ATM's which can be followed by Delhi, Hyderabad and few major cities. I will be watching for any such update but as of now, there's not much to discuss about.

Anyways, there's no real need of bitcoin ATM unless we want to cash out some bitcoins instantly without going through any third parties. Even that will bring it's own consequences and not to forget heavy taxes and service fees on every transaction.

Edit:
Here is the news link for more info: https://timesofindia.indiatimes.com/business/cryptocurrency/will-india-have-crypto-atms-once-again/articleshow/85563285.cms

This has been going on since ages. Rich have all the benefits and poor or middle class struggle with their day to day expenses. Society has always been in fair to those with lower wages but who's to blame here? The governments or the society? I'll say both, government favours the rich as they are the ones paying hefty taxes while the society favours rich because they streamline majority of earning sources. Rich or middle class struggle to overcome their daily expenses.

Bitcoins have been fair to everyone due to their decentralized nature and hence providing stability and freedom. Bitcoins will never judge anyone by being rich or poor. This is what makes them special and worth considering as a financial stream to stabilize the economy.

OMG, that's a big old style of scam .
But it is just a fraud as you said and not a crypto scam. The scammer just lured the victim by projecting promising returns in cryptos but cryptos were not involved anywhere. The transactions were done using RTGS so banks were involved and not cryptos. The amount was quite big and I don't think it will be that difficult to track the scammer, so called - Aadhya Gupta. To be honest, this name itself seems scammy enough for me. . I feel like it was just mistyped. It should have been Aaradhya and not Aadhya :p

These frauds are pretty common in India anyways. Such scammers will target old rich men who have a lot of money but are lonely in their lives. Somewhere, I feel bad for the victim.

Unfortunately not in BNB. I have received significant amount of WRX tokens from their initial airdrop which was based on trading volume. And after the pump by binance up to 20k satoshi for a WRX, it started falling down and I started slowly accumulating.

I have bought around 10k satoshi and 8k satoshi and then 2k satoshi but right now it is trading around 45 satoshi (approximately for 0.05 USDT).

I am not a big follower of altcoins for investments but due to airdrop I got WRX and started tracking it. When it was available for 50% discount from its ATH, I got tempted and decided to risk (at those times, Wazirx was advertised during IPL matches as India's No:1 crypto exchange).

Bitcoin alone is more than enough for any investor.

In my opinion, you do not need to diversify within crypto investments but you must diversify your entire portfolio with gold, stocks and real estate investments along with bitcoin.

Before ETH, Litecoin was being considered as a best altcoin to invest with. It means ETH will lose its attraction, when some other better coin hits the market. So, no altcoin would be good for long term plans.

Coloured coins, sidechains, dApps, Defi, memecoins, NFT, Masternode, POS and etc, these are the few of gimmicks used by altcoin devs to lure investors and you can find yourself what are the coins are still surviving out of these concepts based.

I have invested in exchange coins for safer bet but you know the current state of wazirx exchange.

You may risk with altcoins for short term benefits but definitely NOT for diversification reasons.

I read MS Dhoni is another farmer in this category.

I agree, a rich person must need to pay tax even their source of income is agriculture. May not be in percentage, at least like a flat fee when their income exceeds certain limit. Hiding your income stream in the name of agriculture is not acceptable especially when such people are doing in large volume (like in 100s of acres).

Another real shame about taxes in India is, individuals' total tax contribution has exceeded the corporates'. This really needs to be fixed. No other developed or developing country got same scenario. Corporate taxes were reduced for giving them opportunity to create more jobs but not sure how many new jobs created because of reduction in corporate tax. A corporate will find new methods to earn more hence more taxes will not hurt them in a same manner how an employee finds higher GST and income tax. So, government must focus on individuals rather than corporates.

India Women Vs Australia Women: 1st ODI

New Chandigarh having nothing special for Indian women bowlers as Aussies are treating them with their own style which is never been favourable for any team even they are here as guest.

With the run-rate @6.33 it's looking easy win in first ODI after dismissal of Alyssia Healy now Phoebe Litchfield and Ellyse Perry have 74 runs partnership with this way of treatment from Aussies this series is looking not good future because Indian w needs some good approach in batting which allow them to have 320 to 330 which is surely going to be challenging chase for them.

Just Deepti Sharma got some decent economy rate, all other bowlers facing problems while they are defending 281 on road track which is not ideal.

Super Sunday having 4th round games with first game between Burnley vs Liverpool at the end of first half have no action heavyweight Liverpool struggling to end deadlock while Burnley having good defense which is giving them confidence.

Good dominance of Liverpool on the game not allowing them to have anything now in next 45 minutes they needed some strong aggressive approach which give them winning goal, and also they will be able to keep their 100% start.

In first half, Liverpool have all control with 78% ball possession, but their tactics are not giving them chance of having their winner.

There are too many arguments about players and European clubs with mostly are giving their own view as they are watching and reading in last few years things are not going well in UEFA just because of these few others league are taking advantage.

Saudi League is surely had good advantages which are encouraging players to join this and give their best, but now many are talking about quality of UEFA which is no doubt still best, but now they are treating players like robots which are the biggest concern so they are looking for alternatives. Workload is having impact on them while their salaries are also not as taxes are increased which are creating problems for them Saudi League is surely had good potential for next one decade then real test will be started how organizers handle this and how this will work.

I believe that in each thing that we do, there is always a risk. Though maybe the risk is usually low for a low-income activity. If something boggles us, we should take action. We still can take small steps. It is like testing the waters. If we think it is okay but not possible to take the full effect without stepping in full, then we can leave our previous activity for it.

Apart from the experience, we sure have a stock of money, so yeah that we are not worried for a while, while waiting for a new job replacement. Apart from surviving, we can also use the money to create some kind of a business and even get regular amounts from there. Being our own boss had some advantage but it also have its disadvantages too of course.

People here (some, not all) confuses spending money, and emergency. I have literally seen people mention buying stuff for your family, dude that is just spending money. Nobody says put 100% of your income into bitcoin or emergency fund, that's not possible. Of course you are going to spend most of your money when you earn something.

The trick is, whatever is left after you spend for a full month, is the money you saved. That is the money we are talking about, you saved some, now what you are going to do? It's the unspent money after you reach another salary and your last salary is not fully finished. God that sounds so great, to me I am done with all my money on day three, because I have to pay my debts, so I can't do neither at this moment.

Switching such trading strategies requires a lot of monitoring and patience. People often will think about switching their strategies if they start seeing losses but these losses can convert into profits if we still hold patiently. Switching strategies can not always work and can also tend to give more losses than profits. It is always better to stick with the initial strategy and get out of the trade if it doesn't workout. If initial strategy fails that means there is something wrong with the analysis and might need more attention.

It is always better to re-evaluate the positions and spend some time studying the strategies to come back stronger. Trading is quite dangerous if you are blindfolded by a single strategy. As rightly said by you, a single strategy will not last forever as markets tend to change and individual needs to stay up-to-date with the recent ongoings.

That's actually a very common mistake, most of us will to. I might say it also is followed by FOMO where we don't really want to miss selling at peaks and buying back at dip. But, this is not always a good option as we will never know when exactly we experience the peak or dip. I have done similar mistakes in the past but I can say that these mistakes have taught me to have more patience and keep our emotions away from the trades.

Back in 2017, I ended up buying at extreme peaks which if I remember correctly was above $20k but bitcoins started dumping and were closing at around $3k that time. I panicked and sold all my coins and decided to never invest again. But as we all can see, after a couple of years, $20k feelings like nothing as we already are past $100k. Imagine if had patience that time? This was my biggest mistake and I will never do it again and I'm pretty sure even you won't do this mistake again.

Not learning from mistakes is another one as well. I understand that risk/reward ratio calculation and failing to calculate that properly is one of the biggest ones, but after they make a mistake and buy something that has high risk and low reward, then they should learn to do better.

Unfortunately there are so many who make that mistake and then keep doing the same mistake. A great example would be memecoin people, they invest, and they lose it all, and then they invest again, for what reason? Because they ended up with seeing some influencers or some stranger online make some huge returns on some silly shitcoin. Just because one in a million people got lucky, doesn't mean you should risk your money too. So learning from mistakes is a big one too.

@henry1111

You could have that topic within services board for better visibility rather than in Service Discussion.

Because, the similar topic of Translators is there.

(Option for moving a topic is available at the left bottom).