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1  Economy / Speculation / bitcoin is supposed to go up of this corona! people are doing it wrong on: March 09, 2020, 07:40:55 AM
this global pandemic is here to stay

cash will carry virus, so bitcoin is the way..
economy is falling down, stocks in red , bitcoin is the way.

people are selling crypto like any other asset. you have to believe, the days of crypto has come..

sell all your stocks and buy bitcoin
use 90 percent of your cash to invest in bitcoin.
sell all your real estate , they will be seized by government for free for building hospitals, just like in china.

so sell everything as fast as you can and buy cypto...

buy supplies and food for atleast 3 months. fill gas in your vehicle.

2  Bitcoin / Bitcoin Discussion / Re: Realization of bitcoin as a currency, killed it in India! You all killed it! on: August 09, 2019, 05:51:26 AM
So far, this is the most ironic post on this forum.

Bitcoin ==> Decentralized, anonymous, transparent, peer-to-peer, electronic cash, fully owned by users, freedom, with appreciating value, etc.

Central Banks ==> Centralized, paper bills and metal coins, owned by the state, value determined by the central bank, with powerful third-party players, depreciating in value, bound by rules of the state, etc.

Therefore, Bitcoin =/= Central Banks!

How could we then promote Bitcoin to its truest sense at the same time please the central banks and the governments? In the first place, Bitcoin was never made for them, it was made for the people. It was not made to support the central powers, it was made to give freedom to the people. It was not made to make these central bodies stronger, it was made precisely to dismantle them. It was not made to preserve the status quo and keep the system intact, it was made to disrupt the system.

hate to tell you , but it seems bitcoin will  be dismantled before it even begins to try. Two  large populated countries of the world are exactly averse to it for the exact same reason. added on top if it is the anarchic idealism with silkroad and other stories that just paint a bad name beyond any repair, add to it the ransomware. people in power of Governments know how to manipulate people and bitcoin just handed over them in a platter of how bad it is.This is the problem of decentralization and how things die down.

If ever bitcoin was a private corporation , the marketing strategy could have been very different. They would have started with hype about blockchain on how it will help reduce corruption, help states in logistics and reduce crime, bring about financial inclusion and then somehow present bitcoin as a fuel or token to the system that is necessary for the blockchain to function , there would have been a greater chance of its success.. But the reverse happened leading to its eventual doom.

at some point people have to realize that there is something called a internet kill switch and states can switch it off if they wish. then it would have given some clear understanding of who is in power and how to make bitcoin survive in such a world.
3  Bitcoin / Bitcoin Discussion / Realization of bitcoin as a currency, killed it in India! You all killed it! on: August 09, 2019, 03:54:16 AM
Yes the western world from which bitcoin came was so fascinated about its use as a currency , trouble started right there.

Back in the days, people had trouble classifying bitcoin as a commodity or currency, the truth is there is no clear cut idea as to how to classify this s***.

The cultural and ideological painting of bitcoin as decentralized, anonymous and a tool of liberty from the tyranny of the state and the central bank has all done what?

Killed it , yes all you guys killed it, these ideologues are the reason it is killed in India. All of you grossly underestimated the power of the state and central bankers.

India setup a committee 2 years ago and it took them such a long time to come out with the s**** recommendation to put anyone who holds , sells, buys crypto for 10 years jail time. This bill  is going to be tabled in winter session of parliament around December 2019.  that is hardly 4 months away. Since it is portrayed as a currency it becomes a challenger to the rupee. since it cannot be considered a legal tender it has to be banned. thats how their recommendations goes.

If bitcoin was atleast marketed in a way that it will benefit the central bankers and state then it would have had some chance at survival. India with its 1.4  billion population will be out of this crypto revolution , while the rest of the world be happy with your crypto experiment.

4  Local / Press & News from India / Re: Indian Govt. committee is proposing 10 years jail for dealing in crypto on: June 08, 2019, 04:03:54 AM
If the government passes a bill that bans the images of M.S.Dhoni and anyone who possess his image could  be jailed ..

how will it be implemented..

as per the draft someone holding crypto is liable to be jailed for 10 years, what if someone airdrops  a token or sends millibits of btc to large scale mail, therby half population reciveves bitcoins..therfore all of them hold btc and hence should be jailed for 10 years.
5  Local / India / Re: Coinsecure gets hacked after their bank account suspension on: April 13, 2018, 05:30:46 AM
The very news that your offline storage unencrypted in the hands of a person itself is a big problem.

you must have had a technology with encrypts everything, its like kids handling stuff
6  Local / India / Why Arun jaitley ji, Modi ji and RBI has no idea about what they are talking! on: April 09, 2018, 05:59:07 AM
Across the globe those opposing the crypto revolution, mostly the banks and state have one thing in common. They all claim that "bitcoin is bad but blockchain is good".

Our Modi ji twitter handler, one day was continuously tweeting about latest tech likes of AI and benefits of blockchain. Finance minister Arun jatley ji said the same thing in the budget speech. Now RBI also joined the line and saying the same that they support blockchain and going to develop their own coin..

There is only one truth here: either they have no idea what they are talking about or that they know but are lying to deceive people.

because blockchain cannot exist without a token, because you need a token with value to reward the miners who secure the network. its like shiva and cannot exist without the other.

Therefore why do you want to bring a centralized process to a decentralized process?

Govt and banks already have a system that is far more efficient, scalable to any level with their current centralized banking networks.

Why do they even want to have something like blockchain. Even if they do,  how efficient and secure will the blockchian network be?

hence the answer could be that they are all acting to make it appear that they are not tech averse and open to new technology.
After all india being the IT hub of the world would look shame if they ban a new technology and Digital India is a pure fantasy.

7  Local / India / Re: Bitcoin is neither legal no illegal - Stance has not changed UNION BUDGET on: February 01, 2018, 08:37:36 AM
Lots of fud news being spread about Arun Jaitley talking about Bitcoin and Crypto Currencies.
Simply not true, all he said was "Bitcoin & Crypto are not legal tenders in India, and any use of Crypto to finance illegal Activities will be punishable".
These stupid news channels, news sites, people, as ignorant as they are, twist words to spread fud, don't fall into this trap and panic, the stance on Bitcoin and Crypto is same as before.
Neither illegal nor legal.

please dont use harsh words like stupid, because they are f****g disgusting  presstitutes..
8  Local / India / Let us discuss bitcoin budget speech by Jaitley! presstitutes twisting story on: February 01, 2018, 08:05:52 AM
“The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system,” Jaitley said.

He also said te govt will proactively look into the blockchain technology.( the same blockchian good but bitcoin bad story that politicians around the world say! ignorant people)

Nowhere he said that cryptocurrencies are illegal.. he only said that it is not legal tender, which he has said some time before too.

stupid presstitutes, corrupt media twisting words to create sensationalism so that people click and read the article.

let us have a good discussion on what FM said..
9  Local / India / Expert Panel examining bitcoin, cryptocurrencies submits its report! BREAKING on: January 12, 2018, 02:07:19 AM

A committee appointed by the government last year to examine issues related to cryptocurrency has submitted its report, a senior law ministry official said on Thursday.


10  Local / India / Not one soul in Rajya sabha to say btc is legal in USA and developed countries on: January 02, 2018, 05:21:17 PM
sad to watch all rajya sabha members take a very negative stance regarding bitcoin and nobody said anything about bitcoin legalized in USA and many other countries
11  Local / India / Digital India! When this dream comes to feel happy on: December 10, 2017, 04:20:55 AM
You wake up one day to read newspaper headlines

" India legalizes bitcoin , follows path of Japan and United States"

India legalizes bitcoin and treats it as a commodity and since it is difficult to prove weather the gains are long term or short term , it will be taxed at 10-15% flat.

Those who trade in cryptos shall have to pay income tax with their as per their respective slabs.

Banks start to offer crypto services, you can just log into netbanking and start to buy bitcoin or other cryptos and sell them for INR. But a disclaimer should be dispayed sating that cryptos are very volatile and risky and hence users should know what they are getting into.

what a great world to live in.

I somehow believe Modiji sarkar will make this dream come true, what is Digital India without digital currency.
12  Local / India / Who goes to Courts if cryptocurrencies and bitcoin are deemed illegal on: December 06, 2017, 03:32:06 PM
certainly he exchanges which are making a ton of money now, I believe will  take to the courts.
13  Economy / Speculation / This peak is not the 2013 top! Still more to go on: December 05, 2017, 03:49:31 PM
from Jan 2013 to Dec 2013 bitcoin rose more than 5000%

but now from Jan 2017 to Dec 2017 it is just 1100%

so at a 5000% increase from Jan 2017 it is close to 40000$

so this 10000+ is just the small rise that resembles 100$ that happened back in April 2013.
14  Economy / Speculation / Bitcoin at 11890$ in India! I think the highest in the world! on: November 28, 2017, 01:39:58 PM
Bitcoin prices are much higher in India
15  Local / India / Very High Tax on bitcoin gains! What if Govt tells like this on: August 19, 2017, 04:13:55 AM
what if the draft proposal recommends and government implements a very high tax like 80 to 90 % tax on all your bitcoin returns...

what will be your opinion..

What is the ideal percent which governemnt can impose on bitcoin gains as capital gains?

then people will declare its all income to avoid such a high bitcoin capital gains..

then what will govt do?

16  Local / India / Re: help this noobie with 1 aug on: July 22, 2017, 07:00:29 AM
some one please tell me what to do im fed up, not finding anyway

1. should i store btc anywhere .if yes , then where?
2. should i sell off?
3. should i buy any other alt?
4. you tell me please

1. should i store btc anywhere .if yes , then where?

by now you should have known where to save your bitcoin, I would recommend as the best source and it is also essential that you must have the private key of the wallet with you. the hardforks only affects you if you are transferrring bitcoins during the forks, so dont make any transaction during the entire week from july 31 to aug 7, by then we will get a clear picture.

Just remember, if you dont have the private key, you dont own any bitcoin.

2. should i sell off? 3. should i buy any other alt?

This is your call, you sell and then the forking issue is solved then btc climbs big, you will pay a higher price later, but again the reverse could also happen, so at the end of the day its your own final call.

17  Local / India / Re: Indians should stop buying from Unocoin, Zebpay, Coinsecure, and EthexIndia on: June 29, 2017, 09:20:53 AM
Centralised exchanges are the weakest link in a decentralised P2P currency world. They are on their way out, within a year or two at most. They only exist because it's the only way you can convert fiat to BTC and back to fiat again.

We saw this with MTGOX in 20013, Bitfinex in 2015, and now Poloniex is stuttering on withdrawals.

With decentralised exchanges like Waves, Counterparty, Bitshares, or even something like ShapeShift - centralised exchanges that have a single point of failure (hacks, DDoS) will be increasing irrelevant unless they become a blockchain / coin of their own like the fore mentioned CCs.

Especially for a country like ours whose demand for crypto is going to wash over like a tsunami in the next few years.


I am sure you are not a newbie, u know more stuff..
Who r u
18  Local / India / Re: UnoCoin is down! on: June 28, 2017, 04:43:51 AM
Someone rush to unocoin  office with water bottles. Now all of them are having hiccups..
19  Local / India / Re: UnoCoin is down! on: June 27, 2017, 04:56:10 PM
How Do you work round the clock if  the clock is not round but square...admit it unocoin, what does your clock look like

20  Local / India / Re: UnoCoin is down! on: June 27, 2017, 04:45:01 PM
They only said Tuesday EOD, but they did not say the date>>> or month>>> year.

It is Tuesday december 2019 dude.
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