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2061  Bitcoin / Legal / Re: Indian scenerio on crypto currency on: February 14, 2018, 06:02:47 PM
Your post has irritated my eyes; don't use color, keep it simple.

You may be new into the cryptos but many indians are the early adopters of the cryptocurrencies. There are many crypto exchanges in the india which are running successfully and the number of new investors are increasing by each passing day. Indian government has not yet changed their stance, they didn't banned the cryptos completely, so there is nothing to worry about at this point.
2062  Bitcoin / Legal / Re: Demand for a legal investment fund? on: February 14, 2018, 05:20:33 PM
Yes, there will be a huge demand for such fund. There are many investors who wanted to invest into the cryptos but they don't have adequate knowledge about best coins and the risk factor involved. These funds will be helpful for such investors and it will also help to attract the new investors into the crypto market.
2063  Economy / Speculation / Re: Chinese new year crash from today on: February 14, 2018, 04:40:43 PM
Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

I don't think that Chinese new year will have any major impact on the value of the bitcoins. After the strict stance by the Chinese government, most of the panicked investors have already withdrawn their investments from the cryptomarket. Market has been recovered from that fall and bitcoin has already crossed 9k mark and it doesn't look like there will be any correction within 2-3 days.

right now price is above $9000+ and you have lost your chance of buying it. and if things go on like this and the resistance is broken price can easily reach $14000 in less than a week.

Even I think that bitcoin will hit the 14k level within few weeks.
2064  Bitcoin / Legal / Re: India's largest company Reliance planning for its own virtual currency on: February 13, 2018, 06:07:28 PM
As the subject line says, India's largest company Reliance planning for its own virtual currency in the brand name of Jio Coin. Even though the company didn't release any official notification regarding it, but big business newspapers have reported this news on Last Friday (1/12).

The concern is, India has not yet made bitcoin or any crypto currency a legal tender. A committee is formed by the finance department and they are still debating on the potential outcome. But if Reliance launches its own virtual currency like Kodak is doing, do you think India will make bitcoin a legal tender? What kind of implication Jio Coin will have on Indian crypto community?

The news:
http://www.businesstoday.in/current/economy-politics/mukesh-ambani-reliance-cryptocurrency-jiocoin-virtual-currencies/story/267914.html

Share your thoughts!

These are the rumors and reliance has denied the same, they have no intentions to launch the jio coin or any other cryptocurrency at this moment. Reliance is a reputed company and they will never go against the government's policies; ndian government has refused to accept cryptos as legal tender.
2065  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 13, 2018, 05:09:33 PM
India made 274 in their 50 overs against South Africa and Rohit made a century but also he was involved in getting 2 of his mate run out including Kohli. He was late in both time sending no to his partner and as result both where half way down in the pitch and were late till the time bails where pulled . It would be interesting but Africa has a upper edge in this match till now.


Once again Indian top order started well and they managed to set the launch pad for 300 plus target but as usual middle order failed to carry on the momentum. They managed to score only 55 runs from last 10 overs and hence India is 30 runs short. 275 is not a big target, if SA managed to build one good partnership then it will be easy for them to chase down this target. Hashim Amla and David Miller are playing fantastic at the moment, they have to continue it for another 8-10 overs. India need two quick wickets to dominate this match, lets see what happen.
2066  Economy / Speculation / Re: Bitcoin to go below 4000$ on Feb 20 on: February 13, 2018, 09:04:31 AM
For the OP, you do know that the $8,000 support line is holding it grounds. It has been tested multiple times.
Exactly, there has been strong support around 8K.

The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....
Good analysis, you deserve a medal. Kindly provide your address, i will ship the medal for you.
2067  Bitcoin / Legal / Re: General use of bitcoin as a legal currency on: February 13, 2018, 07:10:01 AM
I've heard many of my companions say the bitcoin is the greatest invention in the decade..
Yes, there is no doubt about that.

But I wonder why every country don't accept this as a legal currency in their general transactions?
It is quite simple, government don't have any control on the bitcoins and it is a biggest threat for the fiat currency backed by the governments. Regulations are really required in order to consider the bitcoins as a legal tender, which seems quite difficult at the moment.
2068  Other / Meta / Re: Hopeful for the new merit system on: February 12, 2018, 06:13:35 PM
Even I missed the bus by few activities; i think hero and legendary ranks are almost at same level and it doesn't make more difference. After the introduction of merit system, i will be required additional 500 merit to rank up. I know few lucky users who got the high rank just before the introduction of new system. There is no need to think much about the rank, we are here to stay for longer time and we should continue to contribute for this forum. There are many users who really appreciate the good posts so there will be many opportunities to get the merit. So everyone should keep calm and make sure to follow the forum guidelines.
2069  Other / Meta / Re: 🔥List Of Extraordinary Posters🔥 on: February 12, 2018, 01:49:26 PM
I am still wondering about the purpose of this thread, if its not for merit ? Everyone knows that the listed users are good posters, so there is no need to highlight the same. I think OP has discovered new way to get the merit from these users on his other post. Its not that easy to earn the merit, try something else.
2070  Local / India / Re: Carefull !!!! Crypto Owners & Traders on: February 12, 2018, 11:25:14 AM
Crypto currency is the future but the owner have to be careful about storage, transfer, trading etc.

It is not advisable to keep the coins on exchanges if you are looking to hold them for longer time. Its always better to keep the coins at the wallet for which you hold the private key. Only coins required for trading should be keep on exchanges to avoid any risk.
2071  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 12, 2018, 07:17:49 AM

Finally South Africa won the match at last,India did had a very good chance to win the match but they took the wicket off a no ball and then South Africa did not give any free offers after that and went on to win the match.India started really well but they end up short in the end as they were not able to score more runs in the end.

Virat Kohli and Shikhar Dhawan are the only consistent batsman for India in this series. Rohit Sharma and middle order batsman are failed in the entire series so far. In the last match also, India was in very good position till the 40th over but middle order couldn't score the runs in the last 10 overs and they only managed to set the target of 289 runs. Target was further reduced to 202 runs which was a easy chase for SA. Indian spinners failed to pick the wickets on a regular intervals and made some blunders, its a crime to bowl a no ball by the spinners which costed them a match.

India was favorite in this match and i lost my bet on them. Luckily i had already placed the cross bet on SA which reduced my loss to some extend, as i was aware with South Africa's dream run in the pink jersey. This series is still alive, lets see what happens in the next two games. India will try to win the next match and to bag the series; on other hand SA will try hard to win the next match and to save the series.

Weather played big role in match, looking at the weather prediction we should have fielded first after winning toss considering we had 2 wrist spinner. Secondly, we will have to look at batting position of 4 5 and 6 to give ourselves chance in winning world cup next year (S Gill at 4 won't be a bad idea as we still got time to groom him).

Agreed with you, India should make sure to build a balanced team before world cup.

Next match will be interesting one, ABD might fire.

Yes we can expect ABD show in the remaining two matches.
2072  Bitcoin / Legal / Re: If Bitcoin is not FIAT Currency !! It is Better Than That !! on: February 11, 2018, 05:20:46 PM
I know you guys will say Bitcoin is a FIAT currency , I am also supporting it. But i saw many people arguing that Bitcoin is not Fiat currency and it will be never be matched with that.

Bitcoin can not be a fiat currency as its a decentralized currency and no government has control over it. Bitcoins are not even legal tender in most of the countries in the world.

I got some reason to say if Bitcoin is not a Fiat currency it is better than that -


Everyone knows these features of the bitcoins and it doesn't prove your point either.


Please Merit me , suffering to get it. If you got some advise , i am ready to accept.


My advise for you, you can not ask for the merits and you might get negative trust for it.

2073  Bitcoin / Legal / Re: Can bitcoin withdstand the raising legal obstacle. on: February 11, 2018, 04:53:58 PM
Definitely, bitcoin has the capacity to survive ever after the regulation and crackdown drive by the various countries of the world. There will be a huge drop in the value of the bitcoins due to such actions but i believe it will be for temporary period and by the time price will be stable. New investors may stay away from the bitcoins due to uncertainty and fear of loss, at this time we as a community should hold the coins and must avoid to sell it as it will help to reduce the further downfall in the value. I also feel that, if the governments are introducing any regulations then it will be helpful for the bitcoins to grow in the long run.
2074  Economy / Speculation / Re: Reason for bitcon fall on: February 11, 2018, 12:25:37 PM
Despite Good news coming from bitcon this days, the fall still continue..... Can one help identify the reason for the fall?

If we compare, then there are more negative news around the bitcoins than positive which affected the price and created uncertainty in the market . Below are few examples of negative news for your reference.

Recently china announced to complete crackdown on crypto exchanges;

https://technode.com/2018/02/05/china-ban-block-cryptocurrency-trading-at-home-abroad/

then they announced that banks should stop financing the crypto projects.

http://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency

India announced to curb the illegal use of cryptocurrencies.

https://www.theregister.co.uk/2018/02/02/india_to_ban_cryptocurrency/

France and germany are also demanding to clampdown the cryptos.

http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/

2075  Bitcoin / Legal / Re: Is bitcoin banned in India? on: February 10, 2018, 12:11:51 PM
very regrettable, the government of India through the Ministry of Finance said that it did not regard the virtual currency as a legal transaction tool.

Yes, but they did not said it is illegal and government didn't banned it completely.

The authorities also mentioned that they would restrict individuals or institutions that make payments using virtual currency.

No, you are quoting them incorrectly. They only said that government will make sure to curb the use of cyryptocurrencies for illegal activities.
2076  Local / India / Re: Bitcoin is a Ponzi Sceheme:ABP News on: February 10, 2018, 10:49:12 AM
ABP News is one of the worst news channel from India, they are known for manipulating and altering the facts and they have been already exposed on many occasions. No one takes them seriously as they don't have any credibility. Indian govt has not yet banned the bitcoins and as per me they will never do it. Hence, people should ignore such crap news channels and keep trusting and investing into the bitcoins.
2077  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Ripple rise again? on: February 10, 2018, 10:25:23 AM
Well, buying Ripple last 5 days and before the market recovers and it's the best time and reason to buy Ripple and other coins because we do all getting profits while or whether Crypto market goes up or down. Ripple really and indeed helped me on getting higher profits.

Yes, I also got the ripple at very cheap price i.e around 0.65 USD and now its trading above 1.1 USD. It has given more than 50% profit within 10 days, i am planning to hold them for longer time and i will buy more if get the opportunity at cheap price. Ripple is gaining popularity among the banks for cross border transaction, check the below link for your reference.

https://www.coindesk.com/indias-axis-bank-launches-ripple-payments/
2078  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance: Hacked or not? on: February 10, 2018, 10:12:32 AM
Luckily it was't hacked, there was just a maintenance work which took more time than expected. I was also worried as my funds are also on binance. Now their system is working fine, so i think you should lock this topic as it is no longer required.
2079  Alternate cryptocurrencies / Altcoin Discussion / Re: which alts should i buy now? on: February 10, 2018, 10:00:45 AM
Tron and Ripple are the best alt coins at the moment for the long term investment. Few days before, there was a good buying opportunity as the there were heavy correction in the market and these coins were available at very cheap price. As per the coinmarketcap, these two coins are up by more than 50% in the last 24 hours. I would suggest you to go for these coins, it will be very profitable in the future.
2080  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 10, 2018, 09:42:13 AM
Oh they will be back believe me. I know Chahal and Kuldeep are too good right now but they can't replace Jadeja and Ashwin in long term.

Jadeja and Ashwin are already replaced in limited overs cricket and it will be really difficult for them to make comeback in ODI and T20s. Their place in test matches is secured but they have to keep performing in order to retain the spot.

I have a strong feeling SA will defeat India today

AB Devillers will be back for today's match but still their two main players are ruled out of the tournament i,e Du Plesis and De Cock. Hence, their batting line up is still weak with no ability to play the quality indian spinners. It will be really difficult for SA to bounce back at this point in the series.
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