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1  Economy / Economics / Re: Why Should I Choose Bitcoin ?? on: November 02, 2017, 08:52:14 PM
The usage of Bitcoin is increasing rapidly all over the world
The amount of transactions in the Bitcoin network is increasing rapidly. More goods and services are bought with bitcoin every day. Even here in Finland there have been multiple Teslaís sold with bitcoin. In Latin America and South Africa the growth numbers of Bitcoin usage are impressive. In China bitcoin is used increasingly to move funds out of the country. And based on recent reports the use of Bitcoin is also increasing rapidly in India.Bitcoin is getting smarter smart contracts than Ethereum
In the near future the Bitcoin blockchain will be linked with so called sidechains which allow Bitcoin to achieve much more than just monetary payments. One of these use cases is smart contracts which are believed to change the world. Ethereum is a blockchain project focused on smart contracts but what many people donít know is that Bitcoin is getting even smarter smart contracts.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think for AirDrops ? on: November 02, 2017, 08:24:27 PM
What is your opinion about AirDrops. Why there are so many and do you think this is the end for the ICOs

I don't think so that it is end of ios.AirDrop is a feature that lets Macs and iOS devices share files wirelessly with a minimum of fuss.

AirDrop is extremely cool and useful, but is one of those features most people don't know about. Not because it is hard to use (it isn't) but because most people don't think to look for it. Most of the time when we want to share a photo with someone, we just send it to them in a text message. Which is easy enough, but when that someone is standing right beside you, it is even easier to simply use AirDrop.

AirDrop isn't just for photos, of course. You can use it to transfer almost anything that you can share. For example, you can AirDrop a website from your iPad to your friend's phone, which is great if they want to bookmark to read later. Or what about a grocery list? You can Airdrop text from Notes to someone else's iPad or iPhone. You can AirDrop anything from a playlist to a location you've pinned in Apple Maps.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin finally legal in India on: November 02, 2017, 07:38:16 PM
According to a recent report, IT ministry officials, Finance ministry officials, Reserve Bank officials, and NITI Aayog officials committee will legalize the virtual currencies in India soon.

The Government of India is finally thinking over the Bitcoin and other cryptocurrencies as these digital currencies are gaining popularity in the financial market and becoming a hyper-growth investment.


Therefore, if Bitcoins will be legalized in the country, then it will impact certain things. Some of them include Ė

The investors of Bitcoin will be taxed.
It will fall under RBIís 1934 Act.
Reserve Bank of India will issue guidelines with regard to purchase and investment of Bitcoins.
Any payment made with Bitcoin will fall under FEMA Act.
ROI from Bitcoin will also be taxed.
As per Chris Burniske, Bitcoin trade analyst, Indian trades are accounted around 10% of cryptocurrency trade made globally in May 2017.

According to him, India has been ranked fourth in trading the Bitcoin in the market.
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin finally legal in India on: November 02, 2017, 07:35:21 PM
According to a recent report, IT ministry officials, Finance ministry officials, Reserve Bank officials, and NITI Aayog officials committee will legalize the virtual currencies in India soon.

The Government of India is finally thinking over the Bitcoin and other cryptocurrencies as these digital currencies are gaining popularity in the financial market and becoming a hyper-growth investment.


Therefore, if Bitcoins will be legalized in the country, then it will impact certain things. Some of them include Ė

The investors of Bitcoin will be taxed.
It will fall under RBIís 1934 Act.
Reserve Bank of India will issue guidelines with regard to purchase and investment of Bitcoins.
Any payment made with Bitcoin will fall under FEMA Act.
ROI from Bitcoin will also be taxed.
As per Chris Burniske, Bitcoin trade analyst, Indian trades are accounted around 10% of cryptocurrency trade made globally in May 2017.

According to him, India has been ranked fourth in trading the Bitcoin in the market.
5  Bitcoin / Bitcoin Discussion / Re: Do you keep buying? on: November 02, 2017, 12:59:41 PM
Yes I will keep buying bitcoin.  As bitcoins allow me freedom bitcoins is become my favourite crypto currency,  everytime I bought it,  it makes me happy,  the prices of it is constantly increasing.  So it makes me happy.  I can buy stuff of my choice and I can enjoy the transaction.  I keep buying it.  As I buy a small fraction even month.  I believe that investing in one time is better to buy even month.  As it's value fluctuates.  It may go down.  So I don't think of taking rishab and investment of whole my money in bitcoins.  Bitcoins enables us easy transactions and freed us from heavy taxes and interest and fees deducted by banks and transferring money portals the long term.
6  Economy / Speculation / Re: Reasons Why Bitcoin Price Drops on: November 02, 2017, 01:08:16 AM
Bitcoins is a very fluctuates.  Bitcoin is limited but there are demand is huge. Demand and supply teaches us that if demand goes up and supply stays the same, prices will definitely go upÖIf demand goes down and supply stays the same, prices will definitely go down. Simply put; Bitcoin will continuously go through these phases of high demand and low demand which will lead to the increase or decrease of itís price. Itís same for Gold and the stock market. Itís not going to change.

What should change however is your education or current understanding of how this worksÖto read the charts and understand when itís a good time to buy and when itís a good time to sell. The fluctuation in price will not stop.
7  Bitcoin / Bitcoin Discussion / Re: Is it possible to Buy a Car with Bitcoin without convert my bitcoin to Fiat. on: November 02, 2017, 12:46:37 AM
I think yes it is possible,  because bitcoin is virtually concept which is now being accepted by many brands.  Bitcoin is continously growing up and it's price are skyrocketting.  Buying a car from bitcoin without further Is possible,  if any popular brand of car start accepting bitcoins as mode of payment,  many restaurants and hotel are accepting bitcoins as payment,  but still any car brand has not come in this yet,  but I think that with the rate by which bitcoin is trending this will be possible very soon.  That a person could buy a car with bitcoin without no need to convert it into Fiat.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the perfect Cryptocurrency? on: November 01, 2017, 12:37:48 PM
I would love to hear from the community what is the perfect cryptocurrency in their opinion. In terms of scam free, value potential and sustainability.

What are your thoughts?
I think bitcoin is perfect,  as it has so many advantages,  it is the first crypto currency although many more crypto currencies cane and go but bitcoin stills maintain its consistency and sustainability.  More and more changes re introduced in it so to make it safe and to make it update and upgrade new advancement has been laid in it.  Bitcoin is still continously growing up.  Its value fluctuates a lot.  Other crypto currencies like ethereum,  altcoins  are also growing but still bitcoin is successful in attracting more and more people to buy and to trade in bitcoins.
9  Economy / Economics / Re: Can Bitcoin also lead to corruption ? on: November 01, 2017, 02:18:54 AM
We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Yes it can also lead to corruption,  as bitcoins allow transaction freedom,  which means that the person's information and their transaction details will limit to them only.  They are free from any kind of taxes and transaction fees.  In case of people like who involved in illegal activities,  can benefit from it,  as they will not have to show any information about the transaction,  people involved in crime,  like drug dealing,  ransom money.  Corruption will be increased as the person who wants to done his world will bribe the other without even letting know other about it.  Man countries like Indonesia, Japan are feared but this fact that they had banned once cryptocurreny.
10  Bitcoin / Bitcoin Discussion / Re: interest in bitcoin is increasing on: October 31, 2017, 01:54:21 PM
As per we can see the interest in bitcoin of people is increasing at a high rate...I believe it will be our future...but will the shoppingsites like flipkar,amazon be able to accept bitcoins?
may be in the next generation.......thanz fr reading
The interest of people in bitcoin is increasing daily.  But talking about that shopping sites will accept it or not can't be said.  Because still in many countries bitcoin is not acceptable and somewhere it is banned also.  People still have some doubts and queries,  as bitcoins prices fluctuates a lot.  It leads to a disbelief in people regarding bitcoin.  Amazon, flipkart may accept it as a payment in future,  because bitcoin is already accepting in some of the supermarket and restaurants. In case of bitcoins there are so many possibilities.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the proper way to dispose of junk coins on: October 31, 2017, 07:43:52 AM
I think if you have some coin's which are not of use now or have lost their value or are not working,  I will prefer or advice you to not dumb or to dispose them as these coin's.  Infact you should keep them in your wallet,  and forget about them.  As there are possibilities that in future these coin's will revive, and for now whom you are thinking of no use will prove to be  huge change.  And I don't think so that there is some violation of rules by keeping then in your wallet.
12  Economy / Economics / Re: When is the right time to buy bitcoin ? on: October 31, 2017, 05:43:22 AM
To know when it's the best time to invest on something you need to know how it works and what's its purpose,BITCOINís sole purpose is to take power off these ruthless governments which has never given a shit about thousands of lives lost. Sooner or later everyone is going to understand this and support by investing and using Bitcoin and be a part of crypto community and its gonna make this world a better place. So the only time which Is bad to invest in cryptocurrencies like Bitcoin is when you are the last person to do so. In case you haven't realized this is true anarchy and it's winning big time!
13  Economy / Economics / Re: Are cryptocurrencies better than regular currency on: October 31, 2017, 04:08:37 AM
It depends on what you want to use it for.. The attraction for Bitcoin is that it is transparent to governments in it's movement, and that it is difficult for governments to control access to it. So if I want to buy a large quantity of some illegal substance, I can purchase it from anywhere in the world with Bitcoin and no one can tell. Or if I want to bribe a government official, and not have anyone able to tell I did, I could use Bitcoin.
Some people even look at it as an investment, but while that MAY be profitable, it is a commodity, and can go down in value as easily as go up.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Is DogeCoin even worth buying? on: October 30, 2017, 09:13:33 PM
Many people are investing in dogecoins as Dogecoin's business directory boasts over 200 companies that accept it as a form of payment. Dogecoin also has an enthusiastic and committed user base, and holders of the currency have engaged in several charity campaigns to help establish its legitimacy.Under the hood, Dogecoin is essentially a proof-of-work currency. Dogecoin's main technological difference is its hashing algorithm Ė the code it uses to create the difficult math problems that power its proof-of-work scheme. Dogecoin uses an algorithm called Scrypt, which is designed to require more computing power to run than the traditional SHA-256 algorithm. Scrypt was originally introduced in the hopes that it would break the dominance of users running specialized hardware to monopolize mining, but it turns out that Scrypt can be run on specialized hardware as well, so that benefit has been negated.The main advantage of a Scrypt-based cryptocurrency today is that many of these currencies allow "merged mining" with other compatible currencies. This means that users of one Scrypt-based cryptocurrency can compete to verify transactions on multiple different currency networks at once without having to expend more processing power.
15  Economy / Economics / Re: The legalization of bitcoin. on: October 30, 2017, 01:40:28 PM
Different countries have different laws and rules, The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador & Kyrgyzstan), its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
16  Economy / Economics / Re: When to buy and sell bitcoin on: October 30, 2017, 01:15:24 PM
Talking about the time to sell and buy bitcoin is when the market is down, it is the time to buy bitcoin and market prices are high.  Is the time to sell bitcoins. I think the best time to invest in bitcoin is when it's prices are increasing, at least more than the price by which they have been bought last.  The best time to buy bitcoin is when it's price is low down and to sell them is when it's price are skyrocketting.  As bitcoins is fluctuactive.  Bitcoin prices are fluctuating a lot.  Bitcoin is continously growing so this leads to the increased amount of people who are intend to buy or to invest in bitcoin.. But the rate of generation of bitcoin is very low.  Which leads to it's unavailability.  And unavailability cause price hike.
17  Other / Off-topic / Re: Bitcoin is a good investment now, because.. on: October 30, 2017, 06:51:21 AM
I think bitcoin is a good investment,  as bitcoins prices are fluctuating a lot.  So an investment may make you billionaire.  Bitcoin is increasing daily.  Bitcoin offers a number of opportunities to its user.  Bitcoin is continously growing.  Bitcoin investment are good because because of its limited generation power and excessive demand.  it's increasing the price of the bitcoin.  Bitcoins are trending,  investment in bitcoins is profitable.
18  Economy / Speculation / Re: Why is Bitcoin Price So Fluctuating? on: October 30, 2017, 01:08:35 AM
Bitcoin price fluctuates so much because it is still in development phase and nascent stage. There are many news and rumours around the legality of bitcoins. Common man is getting to know about bitcoin and thinking about investing in it.There are lot of things happening in the bitcoin and crytpocurrency space. It is still like the little kid going up and down just for the fun of it.Like all things that have a finite supply, the value of a bitcoin is derived by the number of people that want to buy them vs the number of people that want to sell them.  If more people want to buy bitcoins than are currently for sale (for example if a surge of people want to start using bitcoins to transfer value across borders, see more on this below) then the price goes up.  If more people want to sell bitcoins than currently want to buy them then the price goes down.  One of the reasons that the price of bitcoin is so volatile is that many of the people buying bitcoins today are buying based on speculation not because they actually want to use them. Speculative buyers believe that in the future many people will want bitcoins (if this is true these future buyers will drive the price up) so speculators buy bitcoins now in anticipation of that future demand and price increase.
19  Bitcoin / Bitcoin Discussion / Re: Why does China hate Bitcoin? on: October 29, 2017, 03:32:27 PM
Well it is not the Chinese who hate bitcoins,  it is Chinese government that hate bitcoins,  the basic facts that made them to hate bitcoins is like the examples set by ICO,  where many investors loose there money,  and had to face huge downfall.  They might be feared that same will happen to bitcoins. And other reason may be that  many economic class people or citizens of China are investing in bitcoins that will lead to low income of banks and no control on taxes and returns they imposed on transactions.  As bitcoins allow their users transaction free from fees.  This leading to low contribution of bank to country's economy.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin future on: October 29, 2017, 12:12:37 PM
Altcoins has a bright future.  Altcoin values fluctuate even more heavily than bitcoin. You might get rich on a surprise winner, or watch an altcoin die a slow death. Still, imagine if you had bought $100 worth of bitcoin a few years ago.Altcoins are in a similar conundrum. The only people who know about altcoins ALSO know about Bitcoin, but it doesnít work in the other direction. Plenty of people have heard of Bitcoin yet have no idea there are hundreds of other digital currencies alive.So right now itís tough to use altcoins as payment. However, Ethereum and Litecoin have recently been added to many exchanges, which makes them more stable. Stability is a huge part of using altcoins as payment.
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