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Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?
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In the traditional investment systems there are areas like stock exchange, real estates, commodity market, forex market. Then there are hedge funds, mutual funds, equity, debentures. Next in line are precious metals like Gold, silver, diamond. Years after year and decades after decades when mainstream economics was convincing people that how one of above is better than other as it is giving returns in the range of 8% to 9% at max 10-13% a new revolution named bitcoin is rising and spreading across the world. Bitcoin has defied all conventional knowledge about return on interest. Surviving each negative publicity and doubts, incidents like mt. gox and still growing better than ever.
What do you think why bitcoin is the best investment than stocks, real-estate, gold or any other conventional investment?
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Hello,
While investing in stock, commodity, bitcoin, alt-coins, forex etc one could go with
1: Lump sum purchase of big amount. Purchase bitcoin in quantity when price is comparatively low that previous weeks. Purchase date, timing could be adjusted as per individual suiting.
2: Other way is to follow the SIP that systematic investment plan. This SIP will purchase bitcoin worth $100 or whatever predefined amount. So monthly purchase of fifty dollars or convenient one worth bitcoins will be purchased. Irrespective of price of bitcoin at that time.
What do you think which one works best in long term? and which one works in short term? Which will earn better profit?
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In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?
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Hello,
Is there any well known India-based wallet and exchange for purchasing Dashcoin and dogecoin ? Basically I'm looking for India based exchange which deals in altcoin?
Most of the trusted exchange and wallet available for dash and dogecoin are international.
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In a shocking move, many banks like axis, hdfc, icici have decided to charge 150 per transaction beyond 4 transaction per month effective from today. These transaction charges are for cash deposits and withdrawals beyond four free transactions in a month.These charges are applicable for saving as well as salary account as well. Some are terming this move as curbing cash transaction and promote digital transaction. For more information check: http://www.thehindu.com/business/Industry/Axis-Bank-HDFC-Bank-ICICI-Bank-to-charge-Rs.-150-for-cash-transactions/article17392291.ece?homepage=trueI personally think this move is forcing people to stay away from banks and keep the cash at home. In a way it may help some bitcoin-literate people to use more and more bitcoin-oriented transaction. |
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As per ETFdailynews[1], there are only 35% chances of U.S. Securities and Exchange Commission approving WINKLEVOSS BITCOIN TRUST ETF. Now given situation many are thinking and pumping their money in purchase may find it difficult. Would it trigger bear phase in market. This is not the first time when ETF has declined bitcoin. This is third time ETF will consider bitcoin. Bettor have put only 35% money on approval by ETF [1] http://etfdailynews.com/2017/02/21/odds-say-the-winklevoss-bitcoin-etf-has-just-a-36-chance-of-approval/ |
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Finally other bitcoin news-media are also uncovering the ponzi scam called gainbitcoin running under bitcoin cloud mining from India based bitcoin miner Gbminers founder. This article dugs deeper and explains how gbminer and cloud mining scheme/scam gainbitcoin are linked/related. When all bitcoin world is crying over lower returns from bitcoin mining, gainbitcoin is giving extravagant return promise on bitcoin mining contracts. Till now they have steadily paid monthly payout to their investors. however running their contracts on coinwarz tells different story of returns. Articles also takes on their bitcoin wallet 'coinbank' which is apparently looks more like rebranded version of the open-source Bitpay wallet. For more details check following link: http://coinjournal.net/founder-india-based-bitcoin-mining-pool-gbminers-running-ponzi-scheme/ Interestingly there is a thread [1] in bitcointalk.org exposing scam nature of gainbitcoin. That thread covers scams in more detailed manner. [1] https://bitcointalk.org/index.php?topic=1440600.0 |
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The State Bank of India(SBI) is taking major lead in adopting blockchain technology in financial banking related solution on wide-spread. Other banks like ICICI HDFC, Axis, Kotak Mahindra etc are participant. Technical companies like IBM, Microsoft and KPMG etc will be involved from technical perspective. Apparently they are calling it as bankchain there version of blockchain.
It is showing how much serious approach towards blockchain adoption.
More details are at:
[url]https://www.cryptocoinsnews.com/state-bank-india-announces-financial-blockchain-consortium-bankchain/[url]
PS: Adoption of blockchain has nothing to do with adoption of bitcoin.
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Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.
Will you invest in such scheme well before it vanishes with bitcoins/money?
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Most of us may be aware of this information that China is about or might have imposed trading charges per bitcoin transaction. Effects of this news were/are imminent. Looks like everyone is in 'wait and watch'. This move from the Chinese goverment might be boon for bitcoin market. As traders will be more observant while trading. What are your opinions about effects this move? * Check the huobi market[1], either there is very less trade happening or site has a problem. * Check the OKCoin[1], which shows more trading [1] https://bitcoinwisdom.com/markets/huobi/btccny [2] https://bitcoinwisdom.com/markets/okcoin/btccny |
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