https://twitter.com/Nikunj_Ohri/status/1136984201876557824

The journalist behind the Bloomberg article posted these photos of the so-called draft bill. I find it extremely shady that he didn't just leak the whole bill, or at least the entirety of the sections relevant to the ban, that is, if this bill is even real to begin with. 

With the first question, I was asking for your sentiment on the current Bitcoin market and its future, nevertheless I understand the futility in trying to predict the price in the short-term. I intend to follow your advice on buying to maintain a long term average. The process of using a digital wallet software and securely backing it up in case of hardware failure seemed daunting to me, but an offline paper wallet appears to be the solution I was looking for. A cursory glance reveals that Unocoin has rather competitive pricing and my last transaction with them went as well as I could have expected, I'll stick with that for a while. Thanks for the answers, guys.

Namaste, BitcoinTalkIndia.

Ever since the past year or so, I've followed Bitcoin with an increasing amount of interest. Since then, I've seen Bitcoin amass an impressive number of endorsements from tech corporations and the financial elite. I think an open-source, decentralised, peer-to-peer cryptocurrency has the possibility of revolutionizing the present monetary system. I appreciate the philosophy behind Bitcoin and cryptocurrency in general. But until now, I've only owned a very small amount of bitcoin.

I've been given permission to invest a considerable (speaking relatively, of course) sum of money into Bitcoin as a long-term investment. I'm thinking of buying up more than BTC6 for now. According to the Winklevoss brothers, Bitcoin has the potential to rise to 40,000 USD a coin in a "small" bull scenario. If one chooses to believe this, then now couldn't be a better time to invest in Bitcoin. On the other hand, there is also the possibility that the price of a bitcoin could fall to zero.

I apologize if my questions seem too non-specific but they are the following,

• In your personal opinion, is now a good time to invest in Bitcoin?
• Would it be better to buy in small increments over time or all at once?
• What exchange would be the most reliable to buy bitcoins in India? I've tried out unocoin.com and it seems to be sufficent.
• Would it be alright to store the Bitcoins in an online wallet such as the exchange itself and blockchain.info or is a private wallet the only way to go?
  

I would appreciate your input. Thank you.

Not at this stage, when it's still in the beta. But once the service is online and available to the public, there's no reason why it should be anymore complicated to use than other file sharing services and available cross-platform. A lot of the advantages discussed here convert into real benefits in terms of cost and security for the average consumer.

Storj seems to be steadily generating higher levels of interest. And social media activity is picking up again. This is going to be an interesting year for this altcoin, no doubt.

If you offer fast, cheap and easy to use data storage, with security and encryption as an added advantage like the Storj project plans to do, I suppose people will have to.

There's no reason why they wouldn't work. But the transfer rates would be considerably slower, even on USB3.

It's good to know that the price has been stable and not depreciating.

Those websites operate under the laws of the country they're based in. And they've proven repeatedly that they will cave in to pressure to release or destroy supposedly secure information, and if not, are usually taken down. You can't take down Storj. That's the beauty of decentralization. Stand back and bask in its glory.

This sounds like an exceptional cryptocurrency with backing and promise. I intend to follow its progress.

Sadly, I don't qualify for any of the beta groups. But once this is released to the public, I'll be quick to throw in a couple of old harddrives and start passively making SJCX!

Decentralized, secure and cheap file-sharing for the win! The possibilities for this are endless.

I can't wait to start farming Storj! It looks like a promising project backed by an innovative concept.