The question is how much you are trying to transfer?

What I can see from the calculator, the fees is not that high at this moment.

https://ethgasstation.info/

May be something you are doing incorrectly.

That's really sad! But such risk was always there when Bestmixer was shut down by the same enforcement authority. It's quite unfortunate that a huge amount of fund was seized and apparantly there's no way to receive it back now if someone is not involved in criminal activities.

More and more mixing services are being targeted by the enforcement agencies since 2022 and multiple mixing services were shut down completely since then.

I am glad the Guatemala is not forcing the adoption but trying to pitch it to the people to experience the benefits. Every big change usually has a very humble beginning. That's what is happening there.

I do not want to completely bash El-Salvador either. Because the efforts their government has taken for bitcoin adoption is commendable. New things usually faces resistance. But still the Bukele government managed it properly and now enjoying their independence from US dollar.

Yes! Atleast according to me! The way bitcoin is considered as the king of cryptos because it has all started with bitcoin, similarly ETH is the pioneer in smart contracting. So it enjoys a huge support from the global community. So it is the king of altcoins for sure.

Also with the movement to POS algorithm, the fees has come down to an acceptable level. So it has all potential to stay as a king and most sought after altcoin.

This is a decent piece of advice! Learning a skill usually pays off in long run. It might not immediately start paying you but slowly you will start building confidance around it.

On the other hand, start investing in gold, Silver and cryptos because these are only investments that are going to protect your capital investment. Banking industry is going through a very difficult time and we are still unsure about the complete impact.

Mostly you will find gift cards from Amazon or Flipkart and some other renowned brands. These are very handy if you are planning to purchase certain things that are available on those websites. You can do mobile recharge as well. Go ahead and recharge for the entire year.

Now I feel stupid for doing this day before yesterday when the bitcoin price was around 20k. Today the price has gone up and I could have spent less amount of bitcoin.

Not controlled, I would say the crypto market is influenced by bitcoin. Bitcoin enjoys the perks of being the biggest and oldest crypto. But the crypto market is not entirely influenced by bitcoin. There are multiple coins in the market which shows a contradicting pricing pattern. But when it comes to other big cryptos, they are usually a follower of the pricing trend of bitcoin. But they are not controlled in any way!

As of now, Bitrefil seems the most sane ways to make use of our cryptos. I have completely stopped converting my cryptos to cash since that 30% tax was imposed. So as of now, I can't think of any negative point for Bitrefil. It's saving us from huge burdens.

The commission is quite less and the price is quite ok. Especially when considering the taxes, I don't mind paying that extra amount because it's te most economical way of spending your cryptos right now in India.

I will say that it's highly unlikely to see another 2008 crisis now. The market is well prepared of what's coming our way. So another big recession is highly unlikely to happen. But yes, taxpayers money will be used to bailout the failed banking system again for sure! Also now this banking crisis will give another chance to FED to increase the lending rate which will increase the burden on the common people.

SVB was the bank for highly risky companies whose roadmap is still not clear. So there was a risk element always present with that bank. It's a good news that HSBC has already purchased SVB's UK business.

Can't agree more! Whatever "innovations" we see around the crypto ecosystem like lending, deposits, trading, and centralized exchanges, are actually taking the entire ecosystem towards a centralized banking system. That might become disastrous in the future and we have already got a hint when FTX collapsed.

But SVB is a different story. This bank is used to fund tech startups which is a hugely risky venture. Tech startups use a model called "lean startup" where they do not have a clear roadmap in most cases. They fail fast to learn from it and to derive a new way to succeed. That's how usually startups work and the risk is huge. So when SVB took a such a risk, they should have really prepared themselves for today's scenario. It's unfortunate that the US government denied a bailout for them.

I am more worried about a global recession now because millions of people are going to loose their jobs.

Two different IPs should not cause the ban. Usually, a platform will send out email to validate the new IP as it is seen as a security threat to the user's account. So to protect the user's fund, they ideally send email to validate the user and once the validation is done, everything should be normal! That's the usual practice!

But please try to understand more about the situation. Because the scenario you have posted should not cause a complete ban especially when you have funds in your account. The gambling platform should give the user another chance to release the funds. If they have not given the chance to withdraw the fund through KYC or other verification, then open a thread in the scam acquisition forum to report the platform. We are interested in knowing the name!

To be honest! I don't entirely believe Elon Musk because of his inconsistent behaviour and comments. He is definitely a big supporter of cryptocurrency but what he is doing with Twitter and the way he is firing people, is not good!

He might have big plans for Twitter but as of now I don't see a possibility for Twitter to become a financial service provider. He will face a similar kind of roadblock that Mera faced with their stablecoin project. Legal challenges need to be solved first.

Why money??

Because money is the only thing that is used everywhere as a transfer of value. That's the simplest answer to this question. Global banks and governments need a tool to transfer values from one place to another. That's where money came in and now rulling the world.

You replace money with monkey and monkeys will start rulling the world! As simple as that!

Lol! I am not sure how did you come up with such statement about bitcoin, but would you care to explain?

Bitcoin is the most widely used and accepted cryptocurrency in the market today. It has so huge influence on the crypto market that if bitcoin goes doen, it takes the entire market with it.

I honestly think you need to re-think your statement about bitcoin!

I am sorry as my answer is going to disappoint you! My three coins are -

1. Bitcoin
2. ETH
3. XMR

I honestly do not consider any other coin capable of handling and solving real-world problems.

Bitcoin is for liquidity as it is widely accepted. ETH is for the smart contracting facility and XMR is for anonymity. I don't think a human needs any more cryptocurrency.

That could be the case! But it's not clear yet as the gazette notification doesn't explicitly speak about this regime. But brace yourself for such legislation to be put in place. As of now, it should be OK if you are reporting your crypto income in your income tax return and pay 30% tax on it. In that case, you will be saved from future hassles because then you will be able to prove your good intention.

What I foresee, is an effective death of crypto market in India. Firstly, the government discouraged crypto to fiat transactions by imposing 30% tax and now its regulation under PMLA act. Probably that's what the government wants!

At the same time it is also important to make people understand the truth. It's extremely easy to just look away but that extra effort that OP has put in, is really commendable.

We as a bitcoin enthusiasts, must go ahead and correct others when possible, is very important at this juncture, because bitcoin is getting prominence around the world.

Clap for you OP!

Yes, why not?

During my college days, I never expected to pay the street vegetable vendor from my mobile phone using a QR code, instantly! Now it's a common practice everywhere in my country.

This is one of many examples I can provide which will make you understand that what we can't think today, can happen tomorrow! So obviously there can be such innovations in the future where bitcoin may become completely outdated. Rather, the entire crypto market can become outdated. Innovation knows no boundaries!

It's great to see that India has requested a panel discussion on the policy roadmap for the crypto assets. Honestly, it reduces the chance of an outright ban. It's just that puppet RBI governor has shared his opinion for ban!

Thanks to Kashif to explaining the entire matter to us. He was a great help under the name of Crypto Kanoon earlier and he is continuing on the same path.

A comprehensive policy is indeed the need of the hour. Having no policy is disastrous and can be proven fatal against the crypto community of India.

When it comes to accepting payment, I would not have a specific choice of cryptos. I would rather choose a payment gateway which will settle the payment in fiat on a real time basis. Business is no joke and majority of the businesses need working capital which is usually taken out from the revenue.

So as a business owner I won't really take the risk of volatility as it may affect my profitability. So coin can be anything, but the payment gateway should be the most important factor for me.