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1081  Economy / Marketplace / Re: "Bitcoin mining is a Big no!" on: December 29, 2017, 08:39:11 AM
Some cloud mining are legit. But I don't think it will be profitable, cloud mining are sometimes just a Ponzi scheme that will collapse anytime.
Yes legit at first, but in the long run they will turn to scam because they do not have real mining site they only get money in the investors for payout to the first person who invested on them. For me much better to have your own mining hardware that is much profitable than other method. Avoid cloud mining mate it could not help you.

I was inclined towards the cloud mining during my initial days when I was seeing those monthly returns they use to show on their site. But then after reading and doing more research came to know that their are very few genuine sites exists who will pay you continuously and better to avoid it and save your money from getting scammed.
1082  Economy / Gambling discussion / Re: Are the Big Gambling sites paying taxes? on: December 28, 2017, 05:27:28 PM
Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.

They have no choices also because else definitely the notices would be sent if they do not pay taxes and they may have to shut down their casinos. Also I think the tax department would be checking every year how much they pay taxes and if they find that its less paid they would go and do the raid so that they can get more money if paid less.
1083  Economy / Speculation / Re: Bitcoin price will be $100,000 by 2018 on: December 27, 2017, 12:58:39 PM
I also believe on it, and if bitcoin will not reach at $100000 in 2018, then bitcoin will be come at 2019. Because i rely on it that bitcoin has a quality to reach at this price and i will wait for it that bitcoin will come at $100000, then bitcoin will be changed my world and also my class, then i will be a rich man.

BTC if had to reach at those levels means it has to rise by 6 times form present level in 2018 so that it can reach that 100k level. This is totally impossible and will burst out if it tries to even reach anywhere near it. Its always good to have a reliable and growing steadily so that it does not crash huge and make a long term negative impact.
1084  Local / India / Re: Koinex fake withdrawal status on: December 27, 2017, 12:56:43 PM
I am reading quite a few negative feedback about this site. Also on their twitter page people are complaining and their is no support system it seems as they do not even reply. Last thing we want is that they run away or close their site which will be real loss to all the investors. Their was quite a few expectation from this site but still they had not fulfilled it yet.



1085  Economy / Goods / Re: Bitcoin T-shirts on: December 26, 2017, 10:45:17 AM
bitcoin in T-Shirt is a great system to spreading out the news of bitcoin in the globe.  it is a information advertisement, when people wearing a symble bearing t-shirt people saw it and realise the importance of bitcoin currency.

I think all the members of this forum should have the btc tshirt and where ever possible like in the events, exhibitions, in offices like when casual is allowed etc one should wear and go so that it gets more widespread among the people who are new or know but still skeptical about its future. In this way we will have more people in bitcoin ecosystem.
1086  Bitcoin / Press / Re: [2017-12-24] {theguardian} Bitcoin is a bubble, but ... on: December 25, 2017, 12:59:14 PM
Inevitable development of the technology, including bitcoin in the monetary system.
Bitcoin gain value because people believe it's worth something, meant to be a currency but lately bitcoin has lost its utility appeal and most people just treat it as an investment object to generate profits. It has been proven as the price swings significantly within minutes, even rise and fall as much $1000 is a common thing these days.
Bitcoin isn't a bubble, but if this condition continues, bitcoin may not be used as means of payment due to scale problems still unresolved.
Bitcoin is going to be used only for a cold storage, cause with such fees and transaction speed it just going to be the most unpopular coin, in the case of transactions. Yes, the price is going to be high, but people will move to fast and cheap fees alts for easy use.

It is going to be difficult for btc if the transaction does not improve and the fees are going high like always . Thus no many people have switched to Ether or other altcoins where the transaction is almost instant and negligible fees. BTC as right said would be used mostly for the cold storage or only for investment purpose only.
1087  Economy / Economics / Re: Selling Bitcoin = Opportunity loss?! on: December 25, 2017, 10:48:16 AM
#hodl if you believe in it long term.

depends on your situation, if you need money/cash then you have to exchange, but if you dont rely on your invested crypto money, hodl IMO.

Yes sometimes when you require money their is no option but need to sell btc so that you can utilize that money as per your need. While just like when the market was at 18k selling was preferred as it has reached very high and that was also a good option as you could now buy back at lesser price which is at 14k$ . 
1088  Bitcoin / Bitcoin Discussion / Re: Merry Christmas with Bitcoin. on: December 24, 2017, 10:53:43 AM
Wishing this Christmas brings lots of joy in the world and the cypto currency keep rising and become more useful to everybody in their daily life. Let the cypto currency in coming years be accepted in major countries and the framework be in place so that it is beneficial to everyone who is using it. This will help the demand and price to rise if its adopted by more people.
1089  Economy / Gambling discussion / Re: It is not worth it, right? on: December 23, 2017, 10:32:22 AM
If you want to play luck games with a house edge against you and make money longterm it's of course not worth, but if you can afford to lose the money and spent a nice time while gambling it's definetely worth for me.
In gambling playing with the house edge ofcourse you will lose the game. Because gambling is just for entertainment for fun and not for an instant rich or will be benfits of. It is not worth it in gambling if you put your whole funds just play to entertain you.

Yeah in the long run you will likely lose due to the house edge but there is always the chance for a win in the short term.

It is much better to treat it as a form of entertainment and not try to get rich quick though. It is too easy to fall into the trap of risking higher and higher amounts until you lose it all if you are only concerned about winning.

For luck based games, it makes sense to treat them as entertainment while you try your hands on winning. I don't think you have a great chance of making any meaningful returns in such luck games but if you finally do it's very rewarding (like winning a jackpot).

Exactly its a luck which make you win in this types of games you play which are based on your luck. While on other hand if you are playing strategy games or require skills then that will depend upon your skill set which makes you either win or lose which is purely in your hand.  Actually one should gamble only if they have extra money and are ready to lose in luck based games.


1090  Economy / Marketplace / Re: Charlie Lee Sold his Litecoin for "Conflicts of Interest" on: December 22, 2017, 03:25:57 PM
It is entirely irrelevant whether Charlie Lee wanted to show that he was more concerned with Litecoin's development than personal gain. His act crashed Litecoin for $ 130 because many others began to sell. I hope this will not cause Domino effect.

Even I wish that it does not crash the LTC completely and its value reaches in a single digit. Though it would not happen but selling off his entire stake means something might be in a state of trouble for LTC. How much truth about his statement is a matter of question as people might interpret in different ways now.
1091  Local / India / Re: I-T department conducting surveys at Bitcoin exchanges on: December 22, 2017, 05:44:27 AM
As far as I have heard is that govt is considering HNI who ever in 2017 have bought btc worth over 1lac till now.  So I think majorly they will want the tax to be paid on the profits earned since people who had invested before 3-4 months and by now if they hold would have made good profits. So tax notice would be sent to them.
1092  Other / Politics & Society / Re: Why people are unhappy? on: December 20, 2017, 02:50:39 PM
Each of us have different story in life some are unhappy because no meny ,some are unhappy in they lovelife ,some are in family problem ,some are in work problem and etc thats why i can say that we have different problem and each problem have solution . but for me life is like a lock you cant open it without a key..

Happiness  is something which needs to be found out. Everybody has some or other problems but that does not mean you stay in those problems itself. Yes some may have more or less that is different but in order to win the life you would needs to have the self desire to be happy so that you can make others also happy and this could be biggest motivation.
1093  Economy / Speculation / Re: Bitcoin will surpass $500,000 by the end of 2018 on: December 17, 2017, 12:47:37 PM
In 2018, I think price of bitcoin will be increase $25000

This is more reasonable and seems to possible as well in 2018 as at present the value of per bitcoin has risen till 19500$ . Also if it falls to some extent it will come back in few months or so . SO for 2018 we should all be positive and with some good initiatives from governments the price will definitely increase and will help people to fulfill their dreams .
1094  Alternate cryptocurrencies / Altcoin Discussion / Re: [2017-12-16] Ethereum Price Hits All Time High of $750 Following Speed Boost on: December 17, 2017, 08:45:54 AM
I am pleased that ethereum is finally actively growing in price. Until recently, he traded at about $ 300 and still could not leave this mark, and now more than doubled. I hope that the increase in the transaction speed of ethereum to 10 transactions per second will also allow it to reach its historical heights, because it has been too underestimated for a long time, performing important functions among all the crypto-currencies.

It was quite shocking till the lats 2 months where the trade price was not moving much and was more or less stabilized it. So I thought btc was a better option as it was growing a bit atleast in terms of value. But now with this sudden rise of btc the other altcoins have also started to surge proving that even this altcoins in coming time will multiply in prices.
1095  Economy / Economics / Re: Loans too risky? on: December 17, 2017, 05:33:13 AM
Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.

The loan provider and the getting person can submit collateral and loan amount to escrow. Escrow can provide the bitcoin and if proper interest is not paid, this is safe if we want to be a loan provider. Just sure and safe business.

Majorly the loan seeker has to provide some sort of collateral which is worth almost the same of what is being taken as a loan. Yes escrow service can act as a crucial point also.  But if both parties are from same city then it becomes easy because all the required documents etc can be taken and you can meet face to face and negotiate on terms and conditions.


None the less it is a risky business unless you are rich enough to even lose some of the loan given to parties.
1096  Local / India / Re: Zebpay app for bitcoin business in India.. on: December 16, 2017, 06:06:32 PM
Yes, Zebpay App is a good app comparative to Unocoin. But, I feel that the price is higher than other sites. App-wise Zebpay is the best in the store, but I wouldn't suggest the site for trading. For trading you can go for Koinex, Coinome or Coindelta

The higher price among all the exchanges I think is of UNOCOIN. They charge the highest fees also and their spread between of buy and sell sometimes goes with a difference of 1lac. Not sure now much business does Unocoin does with so much competitive market where their exchanges fees are less and prices are better.
1097  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to Learn Crypto for Newbies? on: December 16, 2017, 01:07:07 PM
Everything you need to know in cryptocurrency can be found here on Bitcointalk. If is not talked or asked here, then is not related to crypto.

This is the best forum where you can get lots advice from experts, you can ask question and get your doubts solved. All the new launches can be known from this forum itself. And for the news    cointelegraph is one of best to stay updated across the globe. This forum is like a google of cypto currencies.
1098  Economy / Gambling discussion / Re: How to spot a gambler addicted? on: December 16, 2017, 11:10:10 AM
Its pretty easy to spot a person who is addicted to gambling, if a person is addicted to gambling he/she can't go on a day without doing anything that involves gambling. Sometimes when the situation is worst the person will lend money for the sake of gambling, others sell their properties in short you are addicted to gambling when you are about to lose your money or go broke.

The best is to go to any casinos and just stand at one of the spots and keep watching people . Those who react on every loss will be the one mostly too much addicted because they play only for money and not to enjoy. Also if you find people borrowing money from their friends after theirs is over are the ones who cannot live without gambling.
1099  Economy / Gambling discussion / Re: Losing Streak Strategy on: December 16, 2017, 11:01:57 AM
Having a limit into betting is sometimes effective. You must set a limit of your losses otherwise it will get bigger everytime you bet into something you always failed. Strategies are like trial and error. Lossing once is enough. Twice is too much. Then, you must change strategy. Though its a game of luck but still it needs common sense to revise or stop a certain method you follow.

Greed will never go from people especially form those who do not have a control on the money. I know a friend's friend who is actually keep gambling inspite of several loses considering that in the next bet he will win.  You had said rightly losing one is enough but twice is too much. But how many people will understand this so that they do not lose more in gambling?
1100  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 🔷LTC above 1000 USD in February 2018? on: December 15, 2017, 06:58:19 PM
It is doing some unforeseen development because it is in coinbase with btc and ethereum. I think it will make a couple more jumps.

It can rise a bit and might even cross 500$ in coming couple of months which may be possible when the btc keep continuing rising. Just think if btc prices start falling and reaches 12lk or so will this altcoin rise too.

Also, It may also start falling a bit and 1000$ does not seems to realistic especially if considering 2 months time frame.
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