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1
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Economy / Collectibles / So called Satoshi -Let's help India fight back.
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on: May 02, 2021, 08:15:27 PM
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So-Called Satoshi. While we all are living our lives peacefully, INDIA is struggling with COVID with around 400K cases each day and more than 3000 Deaths every day. These deaths are not only due to COVID but due to the collapse of the complete Health Care System and the lack of essential Medical Supplies which the country lacks. India needs help as it bleeds. While help is coming from all around the world, you & I can do our part too in a decentralized way. I have decided to Inaugurate this very Limited Edition Artwork on Satoshi which would be a 10 Limited Edition Artwork Series and every artwork will have a different idea behind it. More than 50% proceeds of the artwork will be dedicated and Donated for essential medical supplies to COVID warriors. Here I am creating the very first artwork of the whole series. About the Artwork: Vibrant colors in this artwork represent the futuristic possibilities of Bitcoin, and Satoshi taking us out from the black hole of the FIAT world. Let’s be a part of the change and help India fight back. We all are together in this. Our Aim collect at least 10ETH by the end of the series #Indiafightsback #indianeedoxygen #IndiaFightsCorona  |
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2
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Local / India / Re: Would you sell BTC for real estate ?
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on: April 08, 2021, 01:07:25 PM
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I will keep this short and simple.
So I have got this really good opportunity to buy a plot in my hometown. The value for it is bound to increase in near future as per the locality and developments around it.
To buy it I would have to sell my BTC (not all but most of it). The question here is, would you sell your BTC given you were in such a situation ?
If not, why? (something other than speculation)
Well this is a broad question. It depends upon many factor. Like location of the property, it's future prospect and most important your personal requirement. Like of you don't owe a house right now, it will save rent and as well as it's value appreciate in future. Moreover BTC is ATH now so you might shift your investment to other appreciating asset which can give you better return and get you regular income as rent. On the other hand BTC has shown outstanding results in past years than any other asset around the world. So HODL can be best policy |
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3
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Local / India / Re: Whats happening with Binance/WazirX
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on: April 08, 2021, 11:31:46 AM
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There may be some issues with UPI payment with Indian Crypto exchanges in the last few days. But I still trust WazirX the most because it is backed by Binance. I am not saying that other crypto exchanges are fraud or anything but WazirX has Binance to back them. Even in 2019 when around 7000 BTC were stolen from Binance by hackers, no user suffered any loss. The question will be how many times they can afford to loose that kind of money and still be in the market. We have seen many exchanges shutting their doors after major attacks and Binance is still there and how long they can afford to do that if they face another hack. So trust is momentary as it can change. The site was upgrading their database and so was the reason they disabled withdrawals and the site was really slow daily trading volume has increased to $278 millions which is crazy. I do agree that no exchange can afford that kind of loss again and again. But I think they would have definitely improved their security so that such incidents do not happen again. Moreover, I believe that other exchanges might not have beared such loss even 1 time. I am not promoting any exchange but I think they have proved themselves better than any other exchanges till now. |
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4
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Local / Press & News from India / Re: Banning cryptocurrencies would be like banning Internet in 1990s
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on: April 05, 2021, 05:35:07 PM
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Well Said by Nischal Shetty. Cryptocurrency is the most searchable topic on Google in recent times. It's not just about its growth but also it is considered as the future of Digital payment across the world. Big celebrities like Mike Tyson, Elon musk, etc are jumping inside and openly supporting BTC which gives it more hype and a sense of trust among the masses. If India Ban BTC, it's like missing a global investment opportunity, and definitely India will be tagged as CHINA in this free world. So I think It won't be the solution to ban crypto in this modern era where globalization, technology, innovation, and free trade are connecting the whole world together. |
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5
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Local / India / Re: Whats happening with Binance/WazirX
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on: April 05, 2021, 04:57:44 PM
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There may be some issues with UPI payment with Indian Crypto exchanges in the last few days. But I still trust WazirX the most because it is backed by Binance. I am not saying that other crypto exchanges are fraud or anything but WazirX has Binance to back them. Even in 2019 when around 7000 BTC were stolen from Binance by hackers, no user suffered any loss. Such incidents build a sense of trust with binance and it's being the world's largest crypto exchange so it got advanced security technology and reputation to protect to be at the top.
Rest I believe if the Indian govt ban Crypto, in any case, they will definitely give an ample amount of time to withdraw the funds or transfer it to decentralized walllet.
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6
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Local / Alt Coins (India) / Re: Trx can give 2x-5x in this bull run?
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on: April 05, 2021, 04:45:26 PM
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All prospects in technical analysis seem to very positive. Good Volumes come up in last few days and even it has got the right momentum to go to the moon. But do play with the right risk-reward ratio and stop-loss now as it has already too high. It may consolidate here for few days but another rally is yet to come.
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7
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Local / India / Re: Third party withdrawal
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on: November 07, 2020, 05:14:24 PM
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Can anyone list the name of the exchanges that allow to withdraw INR to friends/relatives account without asking for additional kyc?
I don't think there is any such exchange in India which allow Deposits/withdrawals to bank accounts without completing KYC. As per RBI guidelines, KYC completion becomes essential to comply with Terms and conditions of Anti-Money Laundering policy. Customer Identification Procedure ensures Cryptoassets managing Companies to safeguard themselves from money laundering or terrorism funding or any other kind of criminal activities and protect their legal rights in India. And this is one of the major reasons why these exchanges were able to lift the ban from keeping or transacting crypto assets in India |
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8
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Other / Meta / Re: Red Trust Account
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on: November 07, 2020, 04:54:22 PM
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Why is everyone talking about scamming being respective and subjected to red trust on a user, i have seen several users on the forum (name not to be mentioned) having red trust because of indecent/inappropriate accusations on other member without proof, this sound something like a rebel, that results to that user getting red trust by DT1, DT2, ......members, and that's something to avoid to enable oneself in joining campaigns. Its always stated by BM & CM never to allow such users to participate in their campaigns so as to maintain their good reputations throughout.
Can you point to some of those specifically Show me examples. Specific details. I can show you the exact opposite. I mean if you say something is happening but wont bring conclusive proof of highly corroborating evidence that is the same thing really you are talking about others doing. I'm not sure if speculating on others is worthy of red trust if they cant conclusively debunk it especially concerning behaviors apparently conducted on the forum. See Red trust was made just to flag out people for their suspicious activity in the group so that other members in the forum get alert/caution while doing any transaction or deal with them. Signature campaign or bounty managers start filtering the best out of many applications by dropping red trust members. Then slowly, It becomes the guidelines(rule) for campaigns that red trust members are not allowed to participate in it. Now as Lordhermes said there are various incidents that happened in past where people are got red trust just for silly reasons or to destroy their profile(or campaign income) on Forum. I personally feel that we should use this weapon very carefully and give red trust after giving at least 1 warning to a member. |
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9
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Other / Beginners & Help / Re: Price predictions for Bitcoin over the coming years.
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on: November 02, 2020, 03:49:20 PM
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Hi, I appreciate that this may be a bit of a silly question but is there any sort of loose consensus on what people are predicting bitcoins to be worth as the years go by? If not would people care to share their thoughts on what they believe will happen to the price in 2021, 22, 23, 25, 30?
I'm asking because I've seen a lot of predictions suggesting that it might hit $100,000 some time this decade and was hoping to try to gauge how realistic people think these sort of predictions might be?
Thanks
See Bergkampsballs...There is no one who can predict BTC price in coming years. Bitcoin has become very popular among the people in the last few years, which mean new users are coming in the game. I believe it will definitely touch new highs in future. But 100K way long journey. Many fake gurus used to predict BTC hitting 100k in 2018. and now its end of 2020, and still BTC is facing major resistance at $14k, and I don't think its going to cross this level right now. As a short term prediction, I see BTC making new record high(crossing 20K) by mid of 2021. |
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10
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Local / India / Re: Unocoin raises $5 million in Series A
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on: November 02, 2020, 06:49:15 AM
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This is quite positive news for crypto exchanges in India. But Still, the problem is with govt. attitude towards these exchanges and crypto investors. Till now, only negative things were said against BTC and crypto users by RBI and other govt officials. This created a sense of fear among retail investors which always pull them back to buy or sell bitcoin.
This kind of funding will encourage new users to try their hands on BTC. Also, I hope UNOCOIN will also take advantage of this situation and advertise as much as possible to attract new users. I see a bright future of BTC in INDIA. Thanks to Supreme court Judgement.
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11
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Economy / Trading Discussion / Re: Trading without losses?
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on: November 01, 2020, 03:51:04 PM
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No matter how much capital do you have, trading is never risk-free. There is no full-proof strategy that ensures only profit.
Yeah, it is possible to limit the risk by putting right Stop loss. Also, the favourable risk-reward ratio also helps to trade with minimal loss. Trading is a skill which has many aspects. Probability of winning is also one of the major aspects. Trading with a good risk-reward ratio will help to be in profit always in spite of having poor winning ratio.
Eg: If you trade with 1:3 risk-reward ratio, and you have poor wining ratio 3:7(you win only 3 times out 10 and lose 7 times). Then also you can earn profits. because you earn 3*3=9 and lose 7*1=7.
So some strategies like this can help you to be in profit but again Trading is never risk-free.
You can only win in a single trade if you hold it and wait fof your expected outcome. By that, you are able to hold the coin for certain days, months or even years. However, it is not possible to have no losses in market unless you really see the future. We cannot prevent our loss even we have the effective strategy applied in trading. If we want to earn, we have always to risk. This is not trading. this is just holding or you can call it a long-term investment. If you hold for a coin for 3 year and still you are in loss then? Eg: Many people who have invested in BTC @18K or any other coin during 2017 Boom are still in the loss. Is that you called it trading? Trading means earning more profit than Investing in 1 year. So putting SL is very important to preserve your capital. so that you can invest in any other coins at right time to grab the opportunity of make profits. |
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12
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Other / Beginners & Help / Re: Crypto is not for the weak
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on: November 01, 2020, 01:34:31 PM
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Being Noob is not a matter of shame. Every expert was a noob at some stage.
What matters is how eager and willingly you want to learn. watch videos on youtube to learn basics, clear your doubts on forum(no matters how stupid it is) and then try to earn, trade or Hodl crypto. I know crypto world is bit tricky, and scammers are there to scam you at every stage. But don't worry, everybody has passed this stage.
Just a tip: Invest less at the beginning, keep calm and check twice before taking a step(like transfer or trading etc.) And when you learn and gain confidence, do it in your style.
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13
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Economy / Scam Accusations / Re: {Warning}: Fake KeepKey firmware update app
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on: November 01, 2020, 01:25:04 PM
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This is kinda tricky for newbie because the website looks like a real keepkey official website so good catch on this one. I wonder if there are still a keepkey or other hardware wallet user that not using the official website for updating there firmware? I usually bookmark all the official website that I used including exchange and hardware wallet official website. This scammers are doing there best just to scam. They even spend some money for paying ads popup.
Maybe you should bold or change color the "NOT" word on the OP, there's a chance that an outsider that looking for an update for keepkey might overlook your thread as tutorial for updating a keepkey. This is dumb but we all know that many people are not reading carefully content just like those who are still into ponzi.  Bookmarking the official website is a great step to escape from these fraud platforms. This is been a real problem nowadays, scammers use the exact same design, font, color, text etc for their website which can confuse anyone. Even the name has just 1 alphabet change, which is hard to recognise sometime. Not only a newbie but any pro also get into these kinds of bait. Just a small mistake or careless move can con you easily. This is one of the main reason why any newbie(or a layman who is not that tech-friendly) resist to make any sort of online transfer. |
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14
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Local / India / Re: Crypto debit card in India
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on: November 01, 2020, 12:40:24 PM
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There is no such crypto Debit card available in India right now. But I think we are going to get them soon. UNICAS(a joint venture of Cashaa and The United Multistate Credit Co) is planning to begin 22 Crypto Banking Services branches in India. They have a plan to open as many as 100 such branches in India by end of 2022.
In my opinion, they will definitely open ATM's or at least offer some kind of physical card through will user can swipe it for shopping, dining, payments transfers etc. We already have such cards in other countries and India being a developing country will definitely not want to stay behind in this move. Moreover, such cards will make Transaction easy at a global level. It will be a blessing for Global players like Importers/exporters or MNC's etc.
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15
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Local / India / Re: India Will Soon Have Crypto ‘Banking’ at 22 Physical Locations
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on: November 01, 2020, 12:22:25 PM
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India’s digital assets space continues to see rapid development, with the latest news from the subcontinent being cryptocurrency financial services offered at physical branches.
According to a blog post from digital finance firm Cashaa on Tuesday, a new joint venture with the United Multi State Credit Cooperative Society will provide users with cryptocurrency services alongside traditional banking at 22 locations in the northern part of the country.
A launch is slated for December of this year, with Cashaa saying the plan is to expand the service to over 100 branches by 2022.
Cashaa, which calls itself a “crypto-friendly neo-bank,” said it was planning a move into India when it raised $5 million from a Dubai investment firm in early September.
The joint venture, called UNICAS, will offer crypto savings accounts; lending with gold, cryptocurrency and property as collateral; and crypto buying and investment.
At launch, UNICAS will list six major cryptocurrencies for purchase with Indian rupees: bitcoin (BTC), ether (ETH), bitcoin cash (BCH), EOS, litecoin (LTC) and XRP. Binance coin (BNB) and Cashaa (CAS) will also be offered.
The credit cooperative society already has regulatory licenses in India, which will bring Cashaa access to the local market, the post said.
“This will allow us to build, scale and offer customized financial and crypto products for the local Indian markets,” said Dinesh Kukreja, managing director of United Multistate Credit Cooperative Society and CEO of UNICAS.
India has been seeing something of a crypto renaissance since the central bank’s ban on banking services for digital assets companies was overturned by the Supreme Court in March.
Since then, crypto exchanges have reported surging trading interest and volumes, while investors have been flocking to invest in the startups rising in the underserved market.
Hanging over all of this like a dark cloud is the fact that the country’s government still hasn’t produced long-rumored regulations around cryptocurrency, with some reports suggesting a possible crypto trading ban may be in the cards. According to this blog,soon there will be 22 crypto friendly banks will be established.Do you think this is going to change the trading activities of cryptos in India? If Crypto banking branches established in India then Investors will definitely get attracted towards the crypto trading. Even a common man will get aware of crypto services. Nowadays, many people heard about Bitcoin in India but don't know how to buy or sell it. Even a sense of security and trust will establish among the retail investors by having a physical branch in their city. And this will encourage them to trade in crypto. Next 2 years are going to be really important to get a clear vision about the crypto future in India. and I think UNICAS got this opportunity to lead this revolutionary change in India. Let's hope that they do it in a right way. |
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16
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is approaching new highs - Only 41 days have been higher
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on: October 31, 2020, 12:18:06 PM
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Hi Everyone! We are starting to approach new highs. Although the climb has been slow at times, we are beginning to test prices that we haven't seen for years. I think sometimes people forget this since the process has been so long from the bull run of 2017, but it's exciting! As of today, there have only been 41 days with higher prices for Bitcoin than today. That's pretty impressive considering Bitcoin has been around for over 3,600 days! Bitcoin is approaching new highs - Only 41 days have been higherWhen does everyone think we will break the all-time high? Right now BTC is facing major resistance at $14K. Next week is going to really crucial. If BTC able to close above 14K by 7NOV then I don't see any resistance till 17K. But this time I don't think BTC is going to achieve 20K level that easy. Last time, BTC jumped from 14K to 20K in just 1 week. Even it is not healthy for any trading asset to move that fast. This is the reason, BTC crashed so badly touching 20K mark. Slow and steady move encourage investors to invest and give confidence to HODL. Hope to see BTC at new high soon. |
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17
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Economy / Exchanges / Re: What is the best cryptocurrency exchange for beginners
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on: October 31, 2020, 11:20:13 AM
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Here are a few things that you should consider before picking the best cryptocurrency exchange suited for trading. -Fees -Exchange Rates -Reputation -Security -Easy to use and definitely technical support, if you are new in crypto and exchanges you shall need this option for future exchanges. When I first started to be interested in exchange and trading, https://swapspace.co/ helped me a lot. Later I used many exchanges, but this one remained the best for me due to its simplicity and ease of use I think the points you have covered in your post are really good. All these should be considered by a trader before using any exchange. But Most important of all is the security and trust of an exchange. Bitcoin and most of the other cryptos are decentralized, so there is no authority(legal) on exchanges which can ensure the right working of exchanges. Also, new investors should trade with reputed coins with high volume to stay away from manipulation by big fishes. Moreover, Big exchanges have a backup of funds behind them which give a sense of security to investors. Like hackers stole $40 million Btc in 2019, but still, no investors have to bear any losses. I only like to trade with Binance after this incident. (it's not a recommendation to use an exchange but my opinion) |
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18
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Economy / Trading Discussion / Re: Trading without losses?
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on: October 31, 2020, 10:59:26 AM
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Trading without loss is possible to some point, and this requires large volume of capital investment. Here the focus should be over a specific asset. Only then it is possible to observe the market. A very minimal profit margin needs to be set for selling, and same is with buying. As the market is volatile we've got more chances of the trade getting executed in a short time period generating small profit.
No matter how much capital do you have, trading is never risk-free. There is no full-proof strategy that ensures only profit. Yeah, it is possible to limit the risk by putting right Stop loss. Also, the favourable risk-reward ratio also helps to trade with minimal loss. Trading is a skill which has many aspects. Probability of winning is also one of the major aspects. Trading with a good risk-reward ratio will help to be in profit always in spite of having poor winning ratio. Eg: If you trade with 1:3 risk-reward ratio, and you have poor wining ratio 3:7(you win only 3 times out 10 and lose 7 times). Then also you can earn profits. because you earn 3*3=9 and lose 7*1=7. So some strategies like this can help you to be in profit but again Trading is never risk-free. |
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19
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Economy / Trading Discussion / Re: My guide on Leveraged trading
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on: October 29, 2020, 07:56:07 PM
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Thanks Knepala for sharing knowledge and your experience with leverage trading. But I think for any new trader or even for experience one also, putting SL is very important. You have mentioned that you never put SL up to 5x leverage. I don't think this a good idea, especially for new traders. Eg: Say if my capital is $100000 and I am trading at 5x leverage with no SL, and market crash by just 10%. So my loss would be 10000*5=50000. And in Crashes, even cross margin won't help much. This mean I will lose 50% of my capital in 1 day, due to drag down effect. Here SL comes into role. I know crash does not happen daily, but Most investors lose all their profits which they have earned in crashes only. This is my opinion, you are welcome to give your feedback. |
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20
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Economy / Trading Discussion / Re: Trading is better than Holding
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on: October 29, 2020, 07:38:05 PM
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I prefer trading vs. holding since I feel more control of my assets but I like trading the main cryptos like btc, eth, xrp than some altcoins. I get more profit with trading.
Holding is more for institutional investors or people who don't know how to trade.
Institution investor believes in Holding when they see potential in that asset or Company(project) in long run. Otherwise, Institution investors are the main operators in the trading world. Institution investors can take the price of an asset to the moon and can also throw it on the floor by dumping them from top. For a retail trader like us, we should always follow the trend and stay with it. As soon as the trend shows sigh of reversal, we should exit immediately. Always play with stop-loss and favourable risk-reward ratio to remain in the trading market for the long term. Holding, on the other hand, requires a lot of research-based knowledge to understand the working of a company and its impact on their profit and brand value in long term. Still, I feel, HOLDING also require a full proof exit strategy to take profit at right time otherwise there is no sense in holding. |
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