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1  Economy / Economics / Re: Study says being rich is determined by chance rather than intelligence or talent on: August 22, 2018, 03:04:40 PM
How credible is this research  ? I do not think that with luck alone one can become rich.
2  Bitcoin / Bitcoin Discussion / Re: Will it be illegal to trade cryptocurrencies in India after July 7th on: July 24, 2018, 06:19:21 AM
No, it is not illegal as no such law has been passed yet. As per a recent RTI, a regulation is in process for regulation.
3  Bitcoin / Bitcoin Discussion / Re: Do you currently live off of your investments on Bitcoin or others coins? on: March 19, 2018, 04:29:47 AM
I do not rely on my bitcoin investment for my daily needs. This can be very risky and I have a family so I will never take that risk. I just invest about 30 % of my monthly savings in bitcoins and few other alt coins (like ethereum). I do not consider any coin which is not in top 20 and strictly avoid any new coin. Even if I make a million or more with bitcoins, I will not retire so soon. I will keep working to remain busy. It is possible that I may switch from my regular job to a business  if I am able to achieve that much target with my bitcoin investment.
4  Bitcoin / Bitcoin Discussion / Re: YouTuber's using marketing schemes toward bitcoin on: March 19, 2018, 04:21:20 AM
I am tired of seeing YouTuber's with "How to make $1000 with bitcoin in 10 seconds" so I created a video discussing some of the famous "experts" on YouTube.

Many YouTube cryptocurrency "experts" will try and sell you products using marketing tactics. With these huge subscriber platforms, comes great responsibility and so I am here to point out some obvious tactics!

YouTube Video: How to save THOUSANDS by not investing in these marketing schemes

My editing was poor but I think you will find the video entertaining if not informational!

What do you guys think about these YouTubers discussing bitcoin strategies? Crypto Oracle, Ryan Hildreth, and JR business.

You are correct, some of the channels are using misleading titles and giving false information to the users. If you see these channels , they will make claims like I was able to make $10000 in 3 days or $1000 in an hour. They will only show the bright side to the viewers and then simply leave their referral link to a bitcoin exchange. They want viewers to join through that link and then invest some money so that the YouTubers  are paid referral commission. There is nothing wrong with getting referrals this way but one should also tell them about the risks associated with bitcoins.
5  Bitcoin / Bitcoin Discussion / Re: Looking at posts from 2010 compared to now on: March 19, 2018, 04:15:58 AM
Just took a little jump back to 2010 to look at what people were posting about. It kind of feels a bit sad now to jump back to the future and see every post about bitcoin as an investment. It would be nice to be in a time where people spoke and cared more about how to best progress the agenda rather than how to make a quick buck Wink Maybe after the inevitable big crash comes and the price stabilizes, who knows

It is correct that everyone related with bitcoins is concerned about money or profit only. For instance, the investors are not using it as a payment medium, they just want to accumulate all their coins. In such a situation, bitcoin will not survive for long term. Some of the exchanges have also become corrupt and are putting huge impractical fees on transactions. Those competition regarding getting the coins listed on popular exchanges are also being manipulated with bots and fake votes.
6  Bitcoin / Bitcoin Discussion / Re: 10 Reasons to hold Bitcoin on: March 19, 2018, 04:13:24 AM
Nowadays, many people are scared by the last correction on cryptocurrency market. I understand them but in my opinion there are still a lot of reasons to hold Bitcoin, and I'd like to share with you top 10 of them.

1. Adoption of Bitcoin continues to grow. There are more and more companies that want to accept Bitcoin and work with it.
2. You don't lose money unless you sell.
3. Institutional investors start to invest heavily in cryptocurrencies. (Goldman Sachs-backed mobile Bank Circle acquired Poloniex. Mastercard, New York Life Insurance Company, and CIBC have invested in the Digital Currency Group.




Here is what I think about this:

1) Yes you are right about this. There was a Japanese company in news recently for sending salary to employees in bitcoins. The company itself is also involved with some crypto related projects.

2) Anyone holding for more than an year will never be in loss. This has never happened in the past.

3) If big investors re investing , it is a boon for crypto. Best thing about these investors is that they got deep pockets to spend huge money and they will never sell due to panic situations. It will result in making prices less volatile.
7  Other / Beginners & Help / Re: Learn how to invest BTC on: March 19, 2018, 03:58:35 AM
I want to know more about BTC but don't know where to start. Can you help me with this?
You should start with "Beginners and help" section on this forum and go through as many threads as possible. After, you have gained basic knowledge, you should move to other sections like " Bitcoin Discussion" and "Mining". In few days, you will have sufficient knowledge to start investing in crypto. Do not invest more than 20% of your savings for the first time and you should invest with the thought that you may loose all this money. Based on my experience, you should hold bitcoins for at least 8 months or more to get considerable returns.
8  Bitcoin / Bitcoin Discussion / Re: sites to earn more satoshis ? on: March 19, 2018, 03:52:57 AM
hi guys , i just want to ask you for help where i can find some sites to earn satoshis, because everytime i search it on google, i can't find any legit. please recommend . since bitcoin dropped down right now. maybe its the best time to earn some . i dont have any money to buy . so im askingfor help . can you help me about this? or any altcoins where i  can earn.

You are asking this question on a forum which itself provides huge opportunities to earn bitcoins. Here is how you can earn bitcoins here:

1) Offering services: You can offer some service and charge for it in bitcoins. For instance, some people are charging for adding users to Telegram group, some offer content writing services and so on. You can also pick one job as per your skills and interests.

2) Signature campaigns: Another option is to earn through signature campaigns. You have to be at least Junior member for this and you will be preferred if you also have some merits.
9  Bitcoin / Bitcoin Discussion / Re: How many weeks or months before you earn money from Bitcoin or Bounty Campaign? on: March 19, 2018, 03:50:12 AM
I know many member will testify about it. I just wanted to know , how many weeks or months before you had your own money from joining different campaigns. I started joining signature campaign since last week of February this year only. Hoping for a good result. Even though i did not get much money i would still be happy and excited because this is the first result of my hardwork . " The  First Fruit of my Labor."

There are signature campaigns here which pay per week. So it took me 7 days to get my first payment after I was enrolled here. Though I am making very less money with this, since I am getting paid in bitcoins, it is very exciting for me.

I would have been participating in discussions here anyway as I am investing money in crypto regularly. I also plan to become active in alt coin section as I want to diversify my investment in alt coins. I will start with reading the threads there first so that I gain some knowledge to interact with members in that section.
10  Bitcoin / Bitcoin Discussion / Re: News at 11: BITCOIN IS FIAT MONEY TOO. on: March 19, 2018, 03:44:30 AM
Fiat is backed up by the Government/Country.

...while Bitcoin isn't. Again, that's basically what everyone is trying to get at when comparing the two of them. I'm not commenting on whether that's good or bad, or even if your definition is correct.

All I want to know is whether there is a point in playing with the semantics.

It is both good and bad in my opinion. It is good because this  is one of reasons behind the huge growth in prices over the last few years and also behind common people being able to make good returns with this investment option. If it was controlled by governments, rich and powerful were the ones benefiting the most from this.

It is bad because it results in some manipulation as well. This is also being done by group of wealthy people and only government has the required resources and power to stop this.
11  Bitcoin / Bitcoin Discussion / Re: Beware of Twitter Scammers on: March 19, 2018, 03:41:32 AM
Not only are the scammers doing the fake accounts that say "send .02 BTC and get triple" but apparently now they are either buying verified accounts or hacking them and changing the names and pictures to cryptocurrency people. Now it can actually be hard to tell if someone is scamming.


An example:https://twitter.com/officialmcafee/status/967887920991559681


Really shitty that this is happening. Be careful everyone

1) Those offers regarding doubling or tripling the money are always fake. This is also done on a large scale in Facebook groups and I think they might be able to find some innocent people falling for this. This is one of the worst ways to make money as the person is scamming.

2) Regarding hacking the Twitter accounts and changing names to crypto, this is also for money. There are so many legal ways to make money and it really makes  me feel sorry for people going to such low levels to earn their livelihood.
12  Economy / Economics / Re: Why the price of bitcoin rapidly going down??? on: March 19, 2018, 03:33:00 AM
Is it because of the large number of altcoins?

Following can be the reasons:

1) Increasing number of alt coins : This can be a reason for sure. Earlier anyone investing in crypto has to go for bitcoins or just 3-4 more coins. Now there are hundreds of coins and people are moving their bitcoin investments to those coins. They are doing show in hope of quicker results. Thus these coins are taking share of money which would have been invested in bitcoins.

2) Google banning crypto ads: This is another recent news that is affecting the prices negatively. When this is implemented in April 2018, we will see prices dropping even more.
13  Economy / Economics / Re: Bitcoin - Headed a lot Lower - Back to the Mean on: March 19, 2018, 03:30:10 AM
For me Bitcoin is surely not a bubble as we have already seen much drops in the prices of Bitcoin and other crypto currencies and also their are many examples of very rapid rise in the rates of some coin so we cannot say that it is a bubble as a smart investors will now buy more coins as it is a great opportunity for every one to become rich very easily.

I agree with what your opinion here. It is almost impossible for a bubble to survive more than 8 years. All those negative news you hear about bitcoins sounds so funny and stupid. Earlier people were saying that bitcoins is being used by criminals and thus it will not rise much as governments will ban it. And recently I read an article saying that now monero is being used for criminal activities instead of bitcoins and thus bitcoin will not rise and its demand is decreased because of this. I think bitcoins will break all records this year.
14  Economy / Economics / Re: Five reasons 2018 could be the best year yet for cryptocurrencies. on: March 19, 2018, 03:24:17 AM
Hosp has explained before why a potential cryptocurrency bubble could burst in 2018, but there are several factors that make him see upside potential in the space.

For bitcoin, the most important cryptocurrency by his estimation, he sees a 150 percent potential upside for 2018.

Taking into account several factors, the cryptocurrency market's upside potential could rise to up to seven or eight times present levels, he says.

1. The work on scaling issues
2. Large scale and more legitimate ICOs
3. Regulation
4. A lot of execution and usability
5. Institutional investors

For more info or details heres the link.
https://www.c[Suspicious link removed]m/2018/02/23/bitcoin-ethereum-other-cryptocurrency-five-positive-factors-for-2018.html

I think this is reasonable.

I would like to add some more:

1) Increasing popularity in developing countries. Earlier the crypto exchanges in my country had only bitcoins listed for investors. Now they are adding more coins like Ripple, Ethereum and Litecoin. This shows that the popularity and acceptance of crypto is increasing in these countries.
2) Another important thing that will help bitcoin growth is the fall of PayPal. PayPal is facing a lot of troubles, like eBay has removed it as payment option. Also, PayPal is increasing its fees quite a lot which will irritate the users more.
15  Economy / Economics / Re: Bitcoin Burning of Money on: March 19, 2018, 03:20:48 AM
There are a lot of lies over bitcoin, i dont understand why does financial assesors or those professionals are trying to spread fud over bitcoin. But anyway, it doesnt make sense, if you are going to withdraw your bitcoin earnings you are going to get paid on fiat, that is logical, and that money doesnt came from air, because someone did use that cash before, it is all a cycle.
Anyway, i am tired of those kind of people who thinks that they have the entire power over everything.


Yes, we have heard different stories related to bitcoins. The first response to this thread that US intelligence agencies might be behind bitcoins might be true in some context. I mean there may be a particular business group or political party behind bitcoins. It is hard to assume that this could be designed and implemented by a single person. Only thing that works against this logic is that bitcoin has survived for last 8 years. I mean it has grown consistently over the last few years and this could not be possible just by manipulation.
16  Economy / Economics / Re: Armed robbers have raided the house of a British virtual currency trader on: March 19, 2018, 03:16:07 AM
GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).

This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.

I think this news was already shared here in previous threads. Now coming back to your reply, I agree to this. This is just like other criminal cases which are intentionally hidden in stats. Here in my country, the police is advised not to note all the complains as they have to report the total number of cases per month and year. All the states try to keep those stats to minimum, otherwise they are scolded by the politicians. If I was a rich investor and was robbed, I may not make this public as it can again happen in future if I get in limelight.
17  Economy / Economics / Re: Imagine that economy that we know it today is not needed.... on: March 19, 2018, 03:13:00 AM
Imagine that economy that we know it today is not needed anymore, personal profit stimuli is just a page of a history and social and political  life is just different from it's today version.

How then needs of people are solved, and on what would you spend your time and energy in that case? Did you see the crypto there, and if yes in what role?)

P.S. I know the Ideas of Karl Marks about post-komunism and not a fan of it)

I actually do not like the idea of money at all and I think it should be replaced with the barter system that we used to have in the past. Current situation is that money has accumulated in the hands of very few people. There are huge gaps between the rich and poor and the people on powerful positions do not care about improving the life of poor. I know some of the people have really worked hard to accumulate money in their life but others just tool wrong routes to achieve that.
18  Economy / Economics / Re: Fiat, Banks and the future of Cryptocurrencies on: March 19, 2018, 03:10:23 AM
A couple of critical items I want to raise for discussion:

1. If somebody has experienced such complications with their banks already, it would be interesting to hear about their stories
2. If more and more banks adapt similar measures (or even stricter ones, like some credit card companies disallowing financing of cryptos all together), what do you think the implications on the market place will be? For instance, do you think exchange without KYC's will suffer?
3. Do you think this could lead to "ICO heavens" where only ICO's will have a chance to survive that undergo a stringent background check that would be acceptable for banks?


I would like to share what is happening in my country regarding this:

1) Some of the banks have sent notices to people involved with bitcoin investments based on the money spent through their bank accounts. This was done for people using exchanges with all KYC information filled. Only option here is to use the banks which have yet not done this. And the banks took this decision even after government has not made bitcoins illegal here yet.

2) It will surely affect the market and new investors will be hesitant to invest. However, the large investors will still find loopholes and continue investing. 
19  Economy / Economics / Re: Why do we need loans, since we have subsidies? on: March 19, 2018, 03:01:47 AM
The loans, is fraud.

I do not like the idea of subsides. Subsidy is like giving something for free and it makes people lazy. When you give loan to a person to start a business or study, he would show more responsibility. But suppose you completely waive off the fees for a student, he will start taking studies lightly. He will behave like he has nothing to lose (monetarily) even if he fails in the exams. Loans are also the primary income source for banks and many will collapse if we end the loans. Since a lot of people deposit money in banks, all of them will be affected by this.
20  Economy / Economics / Re: As long as you convert your crypto to fiat, we will never go mass adoption on: March 19, 2018, 02:55:33 AM
People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.

This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!

There are  a lot of improvements required in crypto:

1) Reducing the number of coins: First of all, there must be some limit or control on new coins being launched everyday. It looks like everyone wants to launch his own coin without any uniqueness and get rich using the popularity and past success of bitcoins.

2) You are also correct about asking for bitcoin payments and paying in crypto especially to young people who are just starting with Freelancing. These people are very much active on social media sites and will promote bitcoins for free.
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