Well, let's cut the cheese! Bitcoin transactions are expensive and extremely slow. Do you disagree?

0.05000000 BTC: $1,979.94
Fees paid: 498.3K Sats - $197.32

Fees is at 197.32 USD? Is this madness? All the best to the Bitcoin supporters who daydream about Bitcoin becoming a popular payment method. I mean, realistically, no one would like to spend a bloody 197.32 USD for a small 2000 USD transaction. This is non-sense!

As a community, what can we do to stop this madness? Or being decentralized, comes with its distinct downsides?

Honestly, it feels like living in ancient times looking at this fees and time to receive confirmation.

Pi Network is a huge scam beyond our imagination. It seems Vietnam has started an investigation against them,

https://technext24.com/2023/07/06/pi-network-investigated-fraud-vietnam/

If you are still mining this coin from your smartphone, probably it's the time to remove the app permanently.

I have been debating about it with couple of my colleagues whether stay on rent or buy a property.

Let's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.

What will be the best route to take? Buy the property or stay in a rented place?

The usual appreciation rate of your property value is around 10% owing to the development work that are ongoing. For rented property, your rent increases by 15% every year.

What's the better option for you and why?

NCB deputy director general, Gyaneshwar Singh. said six people have been arrested in connection with the seizure of LSD blots and imported marijuana.

Six people, alleged to be part of a pan-India network of drug traffickers, have been arrested and 15,000 LSD blots seized, the Narcotics Control Bureau said on Tuesday, describing the seizure as its biggest ever in the last two decades. The agency has also seized 2.5kg of imported marijuana and ₹4.65 lakh in cash at the instance of the suspects.

“This network used the dark net in their dealing. This network operated virtually and the payments were made via cryptocurrency and crypto wallets. The buyer and the seller did not have any physical contact,” said NCB deputy director general, Gyaneshwar Singh.

https://www.hindustantimes.com/india-news/ncb-busts-darknet-based-drug-network-seizes-15-000-lsd-blots-6-arrested-101686038385564.html

Most Unfortunately crypto got involved in another wrongdoing in India. these kind of incidents are actually giving reasons to the government to ban cryptocurrency entirely in India. dealing in drug is unfortunate but having involvement of cryptocurrency is even more unfortunate.

Since last couple of days, my Facebook feed is literally flooded with advertisements from Aviator Crash game. I had installed the app but didn't deposit anything yet.

It seems they accept both fiat and cryptocurrency. Did anyone hear about this? Has anyone deposited money and experienced it?

I want to know your honest experience. Is it safe?

We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.

Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/

Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!

Thoughts?

Just a couple of days back, RBI Governor Shaktikanta Das made some strong statements against cryptocurrencies in general,

crypto should be banned, given its no underlying value in the market. Just like every asset, every financial product comes with some underlying value, hence the value of crypto is totally based on the make-believe factor.

Crypto is a form of gambling without any underlying value and is nothing but a 100 percent speculation world.

Crypto is not a financial product but pure gambling, and called for an outright ban on it.

As the union budget of 2023 is approaching, do you think it will make the Finance ministry take some strict decisions against cryptocurrency in India? I am worried to be honest!

News ref: https://www.indiatoday.in/cryptocurrency/story/rbi-gov-calls-for-an-outright-ban-on-cryptocurrency-as-union-budget-2023-approaches-2322146-2023-01-16

Today all finance related newspaper are flashing only one headline - what Jeff Bezos said on upcoming recession! Let's have a look at it.

https://www.ndtv.com/world-news/hold-onto-your-money-jeff-bezos-warns-of-recession-advises-people-not-to-buy-tv-fridge-this-holiday-season-3536961

Now back in May, another notable person like Robert Kiyosaki said similar thing. Read it here,

https://medium.datadriveninvestor.com/biggest-depression-ever-is-comming-according-robert-kiyosaki-da51d1e82d9e

When billionaires and notable economists are warning us about upcoming recession and rising interest rate, should crypto investors need to be worried? Or do we have sufficient protection against the recession when we have cryptocurrencies in our portfolio?

Want to know your thoughts? If the recession is coming, can crypto save us from that?
 

As people might be seeing in the news, Meta has fired 11,000 employees. It's a 13% reduction of their global workforce.

There might be multiple reasons behind it but two main reasons are surfacing across the social media,

1. They are preparing themselves for the upcoming recession and forecasted negative business revenues for upcoming years

2. Meta had invested heavily on Metaverse which failed to find users or ways to earn revenue. Now the investment is lost and putting huge financial pressure on Meta.

Which one you think might be the actual reason? Don't you think Mark had gambled quite heavily in an uncharted territory and put the existence into huge risk?

Hi all, as the ETH has now moved to POS mining, I am willing to stake and earn some returns on my long idle ETH coins.

Do you know about any pool staking platforms open yet? If yes, please share the details and also share your experiences with them.

News Source: https://www.michaelpage.co.in/talent-trends/the-great-x

Michael Page is a renowned HR consultancy company in India and they have forecasted that a great resignation is going to hit India very soon. The key points are -

1. 86% of employees are planning to resign in the next 6 months
2. 61% of employees are willing to accept a lower salary or a promotion to focus on better work-life balance

We are already seeing a huge amount of attrition in companies like Cognizant, Infosys and TCS with Cognizant leading in this slab with 36% quarterly attrition.

Personally, I lead a team of 70+ associates and around 40% of them have expressed their intent to resign if they are forced to come back to office. It's a huge challenge for many other Indian companies as well.

A huge negative economic impact will most probably follow after this great resignation but it's going to fight the current inflation in India. With less spending by people and with less growth in demand, the inflation may come within controllable range.

Any thoughts?

During the initial days of bitcoin mining evolution, we have seen USB stick miners. It wasn't very popular but it was there and people have used them.

Just wondering if you know any USB miner hardware for altcoins.  Any leads will be appreciated.

As of now I am mining ETH using my Nvidia graphics card which is providing around 27 mh/s power. It's not significant but I am want to scale up with small investment.

I am wondering why no one has discussed about it!

The metaverse and Web3 are two trends supposedly set to revolutionize the digital world. But the richest man IRL, Elon Musk, is not keen on either. In a recent interview, the SpaceX and Tesla CEO said he couldn’t see a compelling use-case for the VR-driven metaverse, and derided Web3 — a nebulous concept in which internet services are rebuilt around blockchain and cryptocurrency — as “more marketing than reality,” adding “I don’t get it.”

Reference: https://www.theverge.com/2021/12/22/22849717/elon-musk-metaverse-web3-more-marketing-than-reality

Do you concur?

India today reported this yesterday that the much awaited crypto bill may not be introduced in the winter session. Read the report below,

https://www.indiatoday.in/india/story/cryptocurrency-bill-winter-session-parliament-government-sources-1888171-2021-12-15

Possibly a much needed breather for the crypto investors of India because a lot of speculations are ongoing whether the crypto will be banned or regulated. It's a net positive I would say, for now!

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 


 

Hi all, my laptop crashed last night and I am getting blue screen of death. I hold all my bitcoins there in an Electrum wallet.

I am trying to search in Google on how to recover it but getting confused about the correct process.

Can anyone guide me to the correct process? I do have my seed, private key and password available with me. But the wallet file isn't available anymore.

Please help!

After the initial success of Shiba Inu coin, I am observing that the altcoin market has become a playground for the scammers in most literal sense.

There are multiple projects now, which are showing 28000% return within just few hours of launching and then showing a steady decline. There are multiple examples,

Squid games: Defunct
Shih Tzu coin: https://coinmarketcap.com/currencies/shih-tzu/
Solar energy: https://coinmarketcap.com/currencies/solar-energy/
Mini BTC: https://coinmarketcap.com/currencies/minibtc/

Etc.

There are many others as well. It is a money laundering heaven. Don't you think such gold rush has to stop at some point. Otherwise cryptos will never be able to make its way into the mainstream world. People are buying from craps to garbages in the name of cryptos.

Voice your opinion.

News ref: https://m.economictimes.com/tech/tech-bytes/policymakers-considering-middle-path-on-cryptocurrencies/articleshow/87572085.cms

It's unlikely to become a legal tender but possibly a blanket ban will not happen.

Any guesses? What could be the "Middle path"?

I was watching India Pakistan match yesterday evening and what surprised me is the number of bitcoin related ads that came in between. It's either Coinswitch, Bitbns, CoinCDX that kept on coming constantly at each interval.

However, what's shocking is the bitbns ad where they spoke about bitcoin FD which gives 4 times more return than traditional FDs. I found this link in their website,

https://bitbns.com/trade/#/fip?utm_source=bitbns&utm_medium=web_footer

I am not sure how they are running this but such kind of deposit schemes come under "Collective Investment Scheme" regulation of SEBI and very similar to ponzis.

What do you think? Is it good to invest in such scheme?

A series of news doing rounds in the Indian media channels and magazines that India tops the list of nations with highest number of crypto owner. The number claimed is a whooping 10 crore plus.

Ref: https://www.news18.com/news/tech/with-over-10-crore-users-india-has-highest-number-of-crypto-owners-in-world-report-4321997.html

Do you believe it?