"Suddenly, Bitcoin to Be Officially Legal in India"
posted Jule 20, 2017
https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation.

Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild.
"In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."

For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.

Bitcoin has pass through many stage, limitations, attack and forks issue but its price keep on increasing from inception till now. At this time Last year bitcoin price was $450 but today it is $1245 that was over 180% increment in just a year. This is what we call blessing, that is making progress in the face of strong opposition!!

Hey, i'm new at this crypto issue,i used to invest in the stock market and now i want to invest around 10k-15k in few coins (bitcoin,dashcoin,ripple)
how do i start ?
there are any recommended companies?
Thanks!!

hi I am new here..So I am start a trading in different market place.. can you give some tips about trading.now which exchanger is best for trading?

Trading is less risky in compare to gambling is you have good knowledge of market trends and price movements and with good strategy and skills you can make good profits from it on the other hand gambling is very risky and it is totally dependent only on luck so your luck will decide your results and we cannot depend on only on luck every time to make money.

The question is simple; Why should people invest on bitcoin?

State your reasons, and advantages of investing on bitcoins today.

I know there are a lot of newcomers that are coming into the bitcoin community everyday.

I want us discuss it here, so that we may help them understand what is bitcoin and how important its to invest on bitcoin.

Share your ideas, and thoughts below.

I beleive that is never too late to buy bitcoins. There are periods that are more convenient than the others, I mean when the price is lower, but it's expected for bitcoin to rise more in the future so it's only up to your estimation if you can afford it to buy coins at current price. But even better would be to earn it but I'm sure you will not make mistake if you buy.

Probably yes. Bitcoin is now more profitable to its users that will encourage more people to invest in Bitcoin. But they don't need to quit their jobs just to focus in Bitcoin. It would be better if they will do both of it at the same time especially if they can do so. But the thing here is that, if more people will be interested to Bitcoin, the demand will rise and as a result, its market value will increase. And in the near future, Bitcoin will reach the 5k$ mark as it continue rising.

Bitcoin can only reduce some percentage of poverty in the world. Bitcoin cannot cure all the poverty around the world because there are too many people living in poverty. Bitcoin would play it role in helping people but it cannot satisfy all the needs of every man, woman and child in this world.

Just recently got into BTC; I have 2.5 saved up.
Plan on taking 25% of each of my paychecks and accumulating and seeing what will happen in 2017 or later in the year.

Thoughts? Ideas? Speculation? Advice? Tips?

 

YES.
It is high risk and unpredictable, we have to consider trading is actually for long term (even pumping it is not actually for short term, it is indeed for long term),
I hope it is clear

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

Double money with bitcoin has two options, save fiat over bitcoin and hold it, or you can take some risks and go try trading and invest over crypto, wich does offers all days pumps and dumps, making the opportunities to show off always.

Hey guys I'm not sure if this is the right place so please tell me if it is not. With that out of the way, I have a question for you all. I have recently been able to gather about .5 btc through minor trading and I was wondering if there was any method or way to grow this btc into a larger amount safely and fairly quickly. Thanks!

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

Even the blind can see that crypto Currency is making people millionaires all  over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.

Majority of the member of this industry are doing bitcoin to save for the future, Due to maybe they believed it give them big benefit in the end. Besides, bitcoin is kind a potential digital currency in online. Like what happen now to its value it is almost 4000$ each bitcoin, which is really good sign for the bitcoin  enthusiast.

The price of bitcoin for being unstable is one reason why it is being liked by so many investors. They want the wave of bitcoin's price, they see on how the potential growth and increase in its market is there. And with the help of bigger money that is being invested to bitcoin, that is making the demand and price higher of bitcoin.