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If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes.
Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such.
Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to.
Taxes helps in :
Paying the salary of government employees
Making of roads
Public schools
Parks run by the government
Maintenance fees
Making government hospitals
Making high schools ... The list is endless
We all use all these services at one part of the life or other therefore we can just consider it a little payment for that .
People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.
It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.
Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
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Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .
First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.
The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.
It's on you how safe you make it .
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There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?
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Well you know it's super funny about how people are sharing their stories about being Satoshi nakamato and how they were hiding underneath and how they are ready to get the limelight. https://www.google.co.in/amp/s/www.cnbc.com/amp/2016/05/02/bitcoin-inventor-satoshi-nakamoto-finally-revealed.htmlNot just there there is also this one Indian claiming to be the founder And what's funnier is that there is this man that goes by the name of Satoshi nakamato and he denies that he is the creator of Bitcoins https://youtu.be/BoboO6QPGow What do you think will we be able to find the real Satoshi nakamato before we die ? 😂 Idk it's getting funnier and funnier. P.S. Some people claims that it's been invented by Artificial intelligence ... Good bye world ! 😂😂😂 |
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Well to be honest I always had this you Know idea of minning in public where the electricity is free so what I did was I searched and found a super interesting discussion about minning in public. So there was this guy on Reddit with his theory about how you can use ur lappy and just sit there and plug in and start the mining that too by just ordering a coffee in Starbucks or the cheapest burger or pizza somewhere else. Was totally funny and made my day. Make sure to read ! Well to be honest I don't think we should let the employees from major chains like Starbucks and dominoes read 😂 they will probably kick us out before we enter . https://www.google.co.in/amp/s/amp.reddit.com/r/BitcoinMining/comments/2yywnc/cant_you_mine_in_public_places_where_electricity/ |
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The recent crash in bitcoins has been due to the ban on Bitcoins by the RBI that is the authority controlling all the banks that run in India.
One should know that they have stopped us from converting cryptos into fiat.
Zebpay and other bitcoins wallets are fighting this decision already.
Due to the personal threat thatRBI seemed to face through bitcoins they made a decision that is right now affecting all the people who are involved in bitcoins already and trust me the number is not something that could easily be neglected.
With so much money invested by the individuals in this sector one needs to know that instead of encashing out holding and signing a petition for this cause will do more good.
Just running could prove detrimental for bitcoins .
One should remember the fact that it's Not China ! They are not living in a dictator's rule and for the sake of bitcoins they need to stand up against this decision.
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Hello peeps, well maybe everyone is already aquainted with the news where new jersey banned Bitstrade.
It was an online investing site which was mostly Bitcoins based and promised 10% returns gaurenteed
Government found it suspicious and decided to ban it, the major reason was ' it was unregistered with the government '
Isn't government regulating it a bit on a higher scale?
Is Bitcoins gonna be decentralized now?
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The wolf of wall street predicted the value of Bitcoins to hit 50k dollars before crashing further.
But we aren't seeing any up too soon , it's just getting down and down.
The value is now even below 9000$ and that's something close to what it was a year before 2017 'and everyone is in a loss right now .
So are you gonna encash , ?
Do you think that the value will crash even further ?
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Recently bitcoins plunged even lower than what it was before because of the statement made by south Korean prime minister about banning trading of virtual cryptocurrencies through exchanges
Etherum and Bitcoins are majorly controlled by countries like south Korea and now since they are gonna ban it the effects it would have on currencies would be detrimental
Would it recover ? Because it's simply bigger than China also countries like India are also thinking of putting a ban!
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Very recently I read an article , which assumed bitcoins to be exactly like the Dutch tulip mania , the Mississippi bubble and the south sea bubble.
The author of that article (which was published in the economic times ) said it's now time to move away from bitcoins , the market has ended and the sooner you forfeit the lesser will be your loss.
What do you guys think about it ?
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There is one thing that am unsure of.
We all know that CME was gonna invest in bitcoins and thus it was gonna get in the market by 18 December.
Well it has already started trading also according to sources 51 billion dollars are going to be used up in all of this process.
But why the price is falling since yesterday ?
Yes.. I am fully aware of the fact that..none of the business trading is gonna take place in... Real bitcoins instead they are gonna use the money and dollars ..
Still its gonna affect the Bitcoins prices indirectly.
Also since the cofounder have sold all his bitcoins and converted it into bitcoins cash, I don't know if the afterwaves of it is still hitting.
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Hey everyone  finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them... Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way! Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else... |
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 Quite frankly with the advent of bitcoins new cryptocurrencies are being introduced day by day. that could be a potential reason of decrease in value of bitcoins because the crowd that bitcoins would have generated in terms of demand is now divided into small segments. Is there a way to introduce them without hampering the present demand and supply of bitcoins and at the same time assuring that they can move up nicely in the market.
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Is it legit for zebpay to take that much commission?
Zebpay is a app used in India widely...they decide the amount through exchanges and their buying and selling rate does have a very high difference, that puts the normal public at a loss.
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