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1  Bitcoin / Bitcoin Discussion / Re: Do Banks fear cryptocurrency on: October 29, 2017, 05:02:18 PM
Its a formal warning issued by central bank of any country which controls and regulates all other banks in that country.Whenever a new project or scheme comes related to economics,central banks issues a warning to people about it.Even the reserve bank of india issued a warning that bitcoin is very volatile and risky investment.But later,indian government changed its stand about bitcoin and had decided to legalize bitcoin.So,that's no need to worry about.But normal banks considering bitcoin as a rival is another issue.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin finally legal in India on: October 29, 2017, 04:51:47 PM
Earlier,indian police caught five youths for using drugs.Unfortunately,they were found to use bitcoins for buying those drugs.Further,adding fuel to the fire,a member of indian parliament termed bitcoin as  ponzi scheme and asked government to announce it as illegal.Indian government was also thinking of announcing bitcoin illegal at that time.but,suddenly,it took a U-turn and has finally decided to legalize bitcoin and now has framed a committee to give recommendations to legalize bitcoin.The time frame given to that committee was about six months and we could hope that within two or three months,bitcoin to get legalized.
3  Bitcoin / Bitcoin Discussion / Re: Amazon Will Accept Bitcoin Speculation on: October 29, 2017, 04:49:13 PM
It seems to be a rumor.Amazon has millions of users world wide and many would be happy if it accepts bitcoin.It is expected that on october 26th,the announcement may come during amazon's next earning conference call.

Expedia,TigerDirect,Microsoft's store,Overstock now accept bitcoins.Amazon may take such a step of accepting bitcoins to compete with overstock as they would not like any of the customers to switch to overstock for the reason of bitcoin payment.
4  Economy / Economics / Re: Difference of Trading and Investing? on: October 29, 2017, 08:33:30 AM
Investment is usually done on a long term basis.Once you  make an investment,then you would not be able to withdraw your investment until the maturity period.Investment is not affected by short term fluctuations.Usually,risk is low in investment and hence,profit is also low.

Trading is an act in which we buy stocks or coins either in a long term basis or in a short term basis.Usually altcoins are traded in a short term basis and even day trading is done in which trading is done more than two or three times a day.Here,we have full control over our money.Risk is high and so,profit is also high.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you do to earn btc and altcoins? on: October 29, 2017, 08:27:48 AM
Earlier,i earned bitcoins by working in signature campaign.Then i started to buy altcoins with that bitcoins.By this way,i increased my bitcoins.I didn't try any faucet sites as earning was very low.

I did not invest in any bounty campaigns as we could not surely expect it to get success.

I had also participated in facebook and twitter campaigns,but the offers are not frequent enough to earn more.
6  Bitcoin / Bitcoin Discussion / Re: Should I Invest On Bitcoin Before Upcoming Hard Fork? on: October 29, 2017, 04:57:42 AM
Just don't worry more about the bitcoin gold hard fork as it has no miners support.It would have only less impact on bitcoin price.There are no exchanges or wallets supporting it.

But during activation of segwit 2x in november,it would definitely have an impact on bitcoin price.Even though F2 Pool has withdrawn its support for segwit 2x,still it has 85% miners support and many big companies support it.Definitely,there would be panic selling at that time.So,bitcoin price would face a fall at that time and it would be the best time to buy more bitcoins.
7  Bitcoin / Bitcoin Discussion / Re: FOMO Infecting Traditional Finance on: October 29, 2017, 04:52:19 AM
Definitely,wall street people are also humans.So,they too are greed and don't want to be left backward in the race of bitcoin.Earlier,they tried lots of methods to destroy bitcoin and they didn't really expect this gigantic growth from bitcoin.

Even we just came to know that jamie dimon who tweeted bitcoin as a fraud and made bitcoin price to crash also bought considerable number of bitcoins.Definitely,now most of them have been caught under the FOMO and this time,they don't want to miss the train just for the reason that they belong to the traditional financing sector.
8  Bitcoin / Bitcoin Discussion / Re: Why does China hate Bitcoin? on: October 29, 2017, 04:50:19 AM
We all know that china is a communist country having lots of regulations and restrictions.it always wants to keep its people under its strict control.Bitcoin is a currency which has been created to give financial freedom to people.Just we could understand that both are contrast.China does not want to loose its control over its people,either due to bitcoin or other.It does not want its country's wealth to be transacted via bitcoin outside its boundary and get invested in other countries.Also,it does not want its own currency yuan losing its value due to bitcoin.So,it has started to take severe actions against bitcoin.
9  Bitcoin / Bitcoin Discussion / Re: why some country still not legalized bitcoin ? on: October 29, 2017, 02:53:12 AM
We could see that mostly countries having small economies have banned bitcoin.Either they might have thought that they lack infra structure to trace and regulate bitcoin transactions.Also,they would fear that they would not be able to stop illegal activities in the country.

Surprisingly,even some bigger economic powers too have started to take strict actions against bitcoin.Recent examples are China and Russia.They fear that they might loose their control over citizens if they allow bitcoin.They fear that bitcoin would make their currencies lose its value and also tat it would be used for money laundering.

But its sad to see that some countries like south korea too follow their path.
10  Bitcoin / Bitcoin Discussion / Re: Are You in Favor to Register Your BTC Address to Trace Transaction and Tax??? on: October 29, 2017, 02:48:36 AM
No,i would never want to reveal my identity regarding using bitcoins.Bitcoin is mainly chosen due to its decentralized nature since it is out of reach of the government and due to its anonymous nature.People who are already fed of government's taxes have started to choose bitcoin as their safe haven.

So,no one would deliberately come forward to reveal their identity unless it is strictly enforced by government through laws.
11  Bitcoin / Bitcoin Discussion / Re: How Does Government Affect The Price of Bitcoin if they Support it ? on: October 29, 2017, 02:43:41 AM
It depends upon how government reacts either supporting bitcoin,just as it was legalized in japan triggering its price world wide or taking severe actions against it as it was made by china,thus making bitcoin price to drop atleast for a short period.

We know that soon after japan legalizing bitcoin,demand for bitcoin grew high and hence its price too triggered high all over the world.Either a government support or oppose bitcoin,definitely it has an impact on bitcoin's price.
12  Bitcoin / Bitcoin Discussion / Re: Criminality and Bitcoin on: October 29, 2017, 02:36:51 AM
Bitcoin is in no way responsible for the increase in criminality ratio.Criminality has been in existence even before bitcoin was created.Already,many have criticized bitcoin that it is used for illegal purposes.Yet,relating bitcoin to criminality is their another form of attack on bitcoin.They just want to show that bitcoin is totally bad for the society by any way.

Even criminals won't get to be paid in bitcoins as their transactions could be easily traced and they could be caught.So,it could be only said as a false allegation.
13  Bitcoin / Bitcoin Discussion / Re: What Is bitcoin Gold ? How To Claim It ? on: October 29, 2017, 02:32:12 AM
Bitcoin gold will be created due to hard fork on october 25th.You will receive equal amount of BTG as the amount of BTC you have in your wallet.It is created just like bitcoin cash was created earlier.But this time,BTG lacks miners support totally.

So,it would have a very less impact on bitcoin's price.It would be just a clone of bitcoin,but with no support.People who show interest in BTG just want to enjoy free air drop and get some free coins to get some quick cash.

Other than that,it may be just pumped and dumped by big whales to get profits instead of pumping altcoins.

Just one more shit coin another time.
14  Economy / Marketplace / Re: 1 Year in Cryptocurrency still no luck earning bitcoin. Need some real advice. on: October 28, 2017, 06:15:20 PM
To earn in bitcoin,hard work is needed.It is not gambling to fully rely on luck.Bitcoin is not a quick rich scheme.

Even in trading,you should do market analysis,read price charts before doing any trade.Otherwise,trade would end in a loss.You should not be emotional and should not do panic selling.

If you believe that you lack such trading skills,then you could buy ASIC miners and start mining bitcoins.But cheap electricity should be available to get more profits.
15  Economy / Trading Discussion / Re: Patience and Holding on: October 28, 2017, 06:01:30 PM
Absolutely,instead of day trading for small profits,if we have some patience and hold our bitcoins for a long time,end profit would be very big than what we earned from day trading.No need for checking prices frequently,no need to follow up continuously after investing.Just hold and get huge profits.That's the strategy which is nowadays used by most of the investors.
16  Bitcoin / Bitcoin Discussion / Re: How do you value Bitcoin ? on: October 28, 2017, 11:24:50 AM
Bitcoin value is mostly driven by its community support.It does not have any intrinsic value.There is no central body to ensure its value.Its value increases and decreases with variation in demand for bitcoin.

Personally,i think that it deserves much more value than it is today.

You consider as higher its value and hold,the more returns you get and lower you think and sell,later you regret.
17  Bitcoin / Bitcoin Discussion / Re: Billionaire Investor Warren Buffett Says ... Bitcoin in 'Bubble' Territory on: October 28, 2017, 11:17:45 AM
Warren buffett is a successful investor.But at the same time,he has knowledge only about traditional businesses and so he invests only in such fields.He does not know about technology related fields and so he does not invest in it.So,we should not give importance to his words about bitcoin as he don't know about it clearly.

Price of saudi is in power and he would not like a decentralized currency like bitcoin to gain importance as they would not be able to control their citizens enjoying financial freedom.
18  Bitcoin / Bitcoin Discussion / Re: What can you do with Bitcoins but can't do with Dollars? on: October 28, 2017, 11:09:43 AM
The major thing is that i could send huge amounts of money to any parts of the world instantly P2P without any intermediary bank at a very low cost.For this,i need not have to deliver my personal details which is not possible with dollars.

Unless bitcoin gets regulated,i could enjoy tax free earnings from bitcoin without coming under the radar of government which is not possible with dollars.
19  Bitcoin / Bitcoin Discussion / Re: Segwit 2x warplan revealed by 2x insider [RED ALERT] on: October 28, 2017, 11:04:35 AM
That seems to be a master plan.So,its the same group of members who execute both BCC and segwit 2x but in different names.What a planning to replace bitcoin.

Another important point to be noted is that all the miners who support BCC has already said that they had signed the NYA and they would support segwit 2x if activated.

So,still the chinese are in the game and this time planning for a big strike.

Your assumption seems logical that instead of boosting the BCC price,just devaluing the brand BTC is enough for them.
20  Bitcoin / Bitcoin Discussion / Re: I'll never stop buying Bitcoin on: October 27, 2017, 04:52:53 PM
Yes,we must support this blessing,bitcoin and reap benefits from it.This is the first creation which has promised financial freedom to all people and almost delivering what it has promised.

Bitcoin has never disappointed its investors any time except newbies who do panic selling and end in loss and just blaming bitcoin.

Bitcoin has always settled in price higher than its price even after every drop.

Even people who were from earlier in crypto world also never stop buying bitcoins and at every dip,they buy more bitcoins.
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