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It is a bad idea in my opinion to sell BTC and LTC to buy Doge, because almost every movement of the altcoin price increase is caused by BTC, and the new Doge price movement is supported by a businessman is Elon Musk, and means the rise and fall of Doge prices depend on him.
I agree with your opinion but exchanging among coins will earn you the profit here. Ignore the fees. As per the chart in coingecko, BTC has gained about 550% while DOGE is at 24000% in 1 year. I'm not an expert trader. My thinking may be wrong but what I find as per the above values, the margin is high for DOGE. |
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I have some DOGE, received from faucets. Not much just around 500.
After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.
I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.
Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.
It may seem spam. The day I opened this thread my holding on DOGE was $ 2. Today that same amount of holding is approx $ 300.  After opening this thread I have not gained DOGE much but moved to ADA, ATOM and BAT. Currently accumulating Pi & SPACE. |
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I have some DOGE, received from faucets. Not much just around 500.
I'm quite surprised that there are still people who are spending their time in faucets where we already see that the time to reward ratio of it isn't acceptable. Total waste of time for others. No, I'm not into faucets now. These are old collections and they are still in the faucet, not yet claimed to the wallet. After years I logged into them to check if anything is claimable. Truly the faucets are time wasters now. I'm just using them in my free time but I get more amount from some other task spending the same amount of free time. Presently, it's a sort of bad habit or old-time pass. |
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Happy Bullish New Year All. I got more opinions than I thought of and quite valuable ideas I haven't even thought of. Thanks all. I have gone through the entire thread and in a nutshell, my decision is as follows. - Use DOGE for transactions for high speed and low fees.
- Hold what you have.
- Don't go for conversion.
Yes, the market is unpredictable so luck has the final call. |
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I have some DOGE, received from faucets. Not much just around 500.
After the increase in the transaction fees of BTC, I have thought of converting my BTC and LTC to DOGE for the transactions and keep them as DOGE. On the second thought, I thought of converting my DOGE to LTC and keep.
I have gone through some articles about DOGE's future price and I got some 50-50 opinions. I discussed with my friend and he suggested me to hold till mid-2021, I can't say why till mid-2021.
It's true that many sites have started accepting DOGE, thus it is getting popular so there is a chance that the price may increase. Still, my knowledge says there are certain loopholes like there is no upper limit in mining DOGE and it is still much easier to mine compared to others. In short, the demand & cost curve is a bit of a failure here. Though one can't say what might happen after 20 years.
Here I want some expert advice on this. Whether it is a good idea to convert and hold or keep my DOGE reserve constant.
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So all the news about the coin and crypto by Reliance was a FUD ?
These market giants can't be trusted. Even if they have a plan for launching coins or tokens through ICOs they won't make it public as long as the Indian Govt. or SEBI officially comes up with some rules. Maybe they will not come up with some coins initially as cryptocurrency is not a legal tender in India but can come up with tokens. However, read in some news that SBI is supporting these cryptocurrencies and I have also seen SBI as future partner bank in some international ICOs. So, I don't think days are too far. |
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WazirX, a brand new Indian crypto exchange has started live trading. The interface and deposit/withdraw are quite fast. Fee structure is not decided yet, it's free until 1st April. They also have their own currency called WZR coin(Not sure though how it will be used)
Can they compete with Zebpay, Koinex and become best exchange of India?
Too early to say this. Many even doubt their transparency. Anyways I didn't know that the transactions are free until 1st April. As per their mail, it was free till 24 hrs since their launch. |
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Seems a new app. Let it get seasoned. |
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always go for wallet that you hold private key and its best to use offline wallet such as ledger nano,trezor,etc.never hold your crypto in exchanges ,recently there is increasing amount of hacking activities.you can also go for client wallet if you have good internet connection.
If I'm not wrong https://www.bitaddress.org can also serve as hardware wallet.  |
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Since currently you are earning through fauctes so they will not be much greater qty so you can easily store it in online wallet. once you have a big like 0.5 BTC or greater than you should ideally be storing it offline. Unless you want to trade it than some btc you should keep in online wallet on exchanges so that you can trade it.
Also Zebpay, Unocoin are good wallets to be used.
Thanks for the reply. Thought of using ledger nano S once I cross 20-25k INR. |
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Newbie here. I found this chrome extension circulating on Social Media Getcryptotab and many are using this to mine bitcoin. I already installed this extension and so far I already generate 0.000000165700 BTC in one night alone.
I wonder if any one here already withdraw from this website. Any reviews and feedback?
I used cryptotab but stopped using it. It is not profitable for me as I using a 7 yrs old laptop and so I had to restrict myself to low hash rate. I can't say if it is legit or not but posting some info about it that may be helpful here. 1. The referral works. 2. You have not mined 0.000000165700 BTC but it's 0.00000016 BTC only. The last four digits are an indicator that it is mining. 3. It uses coinhive.js file, many AVs consider it as malware due to its primary use but used everywhere, to mine XMR and rewards you in eq. BTC following the general algorithm of pool mining. 4. Its minimum payout is 40,000 sat and that's without a fee. |
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Hello Currently, I'm collecting Satoshis just from faucets and I was using Coinbase. Now I will be receiving some BTC and I want to move the Satoshis from Coinbase to some wallet that is legal or friendly for Indians. I have asked two of my friends, one suggested Zebpay another suggested Btcbns. Currently, Warzirx has also come up. I searched the net and this forum as well but finding it difficult to decide the better one. I'm completely new to this crypto world so I want to know some of your experience and select the better one. Sorry if I'm posting this query in the wrong section. Thanks in Advance.  |
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