It's a known fact! Elon did it couple of time where the market had taken positive turn. Warren Buffet and Jemie Dimon did it as well where the market went into negative mode. So yes, big corporations and influential people have influenced the crypto market quite a few times in the past.

However, the good part is that now the market is slowly becoming immune from such negative comments made by the influencers and corporates. The market dynamics are becoming matured with time.

You are mixing multiple things with no co-relation. First try to understand what CBDC is and what's it's purpose. 8t has no relation with cryptos. Also it doesn't guarantee that situation like  FTX will never arise again.

CBDC is just a digital representation of your fiat money. So if a crypto company claims that they are backed by USD, there's no way to validate the claim just because of CBDC. Get your concept corrected first!

If someone is going through a financial problem with an immediate need of fund, I wouldn't gift bitcoin to him because that won't solve the urgent need. Rather I will try to gift him money which he can immediately use to support the situation.

Bitcoin gifting can be done when someone has time to hold onto it and not in need of an emergency fund. This way the person can do his own research before taking a decision of either selling or holding it.

It is easier said than done! Green energy is highly costly to set up so it needs a substantial upfront investment. Also, it is not very cost-effective for a highly populated country like China. EU can make it happen due to the small population and higher per capita income, but for countries like China, it's a distant dream unless they figure out a way to reduce the upfront investment to generate green energy.

As per some reports, US holds the highest oil reserve in the world, even bigger than Venezuela, Saudi, and Russia put together.

https://www.businessinsider.com/us-has-the-worlds-largest-oil-reserves-2016-7?IR=T

These are just hidden by the US government for now. Probably a long-term gameplan to maintain world dominance.

So it seems Nigeria is following Modi's plan but in a different context. Modi did the same in India to curb the use of black money and Nigeria did it to push the digital money. That's quite unfortunate that Nigerians are living under an authoritarian government.

Cryptocurrency should see positive responses from Nigerian due to this forceful nature of their government. Demonetization usually brings in more liquidity and positive upward trend to cryptocurrency similar to what we have seen in India.

Not sure if the new is true because HongKong's administration is heavily influenced by China and we all know about the anti-crypto stance of Chinese government. So it may not be true!

However if it is real then it will be a good news for the crypto market. Hongkong is a wealthy country and we can expect a lot of liquidity to come into crypto market. Let's hope for the best.

Crypto payments are good but it all depends on your risk taking capacity. You need to understand that cryptocurrency 8s extremely volatile. So if you are willing to accept crypto payments for your business, you will have to accept the volatility as well.

So decide wisely if you are ok to accept that volatility or not. If yes, go ahead with it. Also check with your local administration if crypto payments are legal in your jurisdiction and take a call accordingly.

I would still call it an utility! Shiba inu is a shitcoin and we all know that it was built as a memecoin. But it has received unparalleled love from the crypto community and the speculators.

Now when this meme coin is thinking to move to a privacy regime, it is actually bringing in an utility to the community. Now there will be atleast a reason to buy and use Shiba Inu. So I will stand for what I have said.

It sounds like a science fiction to me but for argument if I consider this is happening, cryptos won't survive! Because majority of the crypto enthusiasts actually like to follow the law. So a huge amount of crypto holders will try to sell their holding which will eventually destroy the market.

Also a lot of other countries will then start following the same rule which will worsen the situation further. Only a small amount of holders will continue with cryptos but they will probably move to a privacy coin like Zcash or XMR. So the impact will be pretty severe for those over dependent on cryptocurrency.

Yes sure! I would encourage everyone to be truthful about declaring your taxes because no one would want regulatory hassles in their life. So it's best to declare the crypto transactions correctly.


That's my understanding as well. Unless and until we convert the cryptos to INR, we can't really consider it as an income. So I will follow the same unless my CA tells me otherwise.

Trading bots is not a new concept but with AI support and machine learning, it might get better with time. But how crypto will be at risk if an AI bot is able to create a good trading bot which can execute trades with better perfection?

Market manipulation is also a very old concept and exists even before the AI became reality. So AI needs to go a long way before it can actually manipulate the market with fake orders. A risk is always there but should that stop innovation?

That's what the governments want around the world! They want to have absolute control on their citizens financial data. Fiat still has some certain degrees of anonymity. But with CBDC, that little bit of anonymity will be permanently gone! Government can do whatever they want! It can be anything from freezing funds to arresting people over high value transactions.

The first country to successfully pilot CBDC was China. One of those authoritarian governments. So the gameplan is very clear!

Congratulations on your first bitcoin payment. I know a lot of businesses will be interested in accepting bitcoin payment if the regulatory framework is favorable. Unfortunately, a lot of countries have not yet made clear bitcoin regulations which is effectively discouraging the merchants from accepting bitcoin payment.

Here's another success story of bitcoin payment from my country,

https://www.indiatimes.com/trending/social-relevance/bengaluru-tea-seller-accepts-crypto-as-payment-586578.html

Slowly but surely we will reach there!

I completely understand what you are trying to say! We all have seen that transition. That's why I have mentioned unless a technological breakthrough is achieved and unless the price of batteries is slashed, it's hard for EV to see commercial success. Also, a lot depends on the EV infrastructure. I have seen many EU countries have decent EV infra, especially Norway! But this is easier for a smaller country to manage. But for bigger countries like India or China or Russia, it is extremely difficult.

But the silver lining here is that the governments are taking an interest to promote EV through tax benefits and policy changes. I will end with a personal story. I had purchased my second car in December 2022. The same car is available in EV as well but I have got the petrol one. It is simply because the EV car with the same feature is at least 30% costlier. The price is a big factor.

Can be a reality in smaller countries like many EU countries but not at all practical for the bigger countries like Russia, China, US, India, Australia etc. Also the price of an EV is a big turndown. 40% of the cost goes to just it's battery.

I quite often go for a long drive. I do at least one long drive every month. Now if I want to use EV, every single time I will have to halt for at least an hour just to recharge the car.

So the target of 2035 looks quite ambitious to me. Unless a technological breakthrough is achieved like fast charging or extraordinary range, EV will remain impractical for bigger countries.

Excellent summary! That's exactly what it is!

Why a government would be so concerned about the privacy of its citizens? These kinds of laws are just eyewash, not to be believed or to be taken seriously!

Usually, a person will be forced to declare his/her private key only if they are being prosecuted by any government department, especially IRS. So they can't be protected under this bill. So it doesn't really make sense!

Bitcoin or any other cryptos can surely help the economy by increasing the purchasing power of the people. Those who have invested in bitcoin and are currently in profit can surely use that extra money to buy things from their local market either by using bitcoin or by fiat after converting it. That's the only way bitcoin and other cryptos can help the economy.

The other way to help is through taxes. There are a lot of people including me, who like to do the taxes diligently. So whatever extra earning they get from bitcoin, they calculate tax on it and pay to the government. That's another way but the numbers are insignificant.

Even though this one looks staged, a lot of young generation people do not know anything about bitcoin. At my office, out of 84 people in my team, I have found only 3 person knows about bitcoin. What's sad is that most of them are in their mid-20s. If this age group doesn't know about bitcoin even after being in IT industry for a couple of years, how would you expect any random teenager will know about it?

Many governments are actively trying to bar bitcoin related information from reaching out to their citizens. They are also forcing banks to send out mass mailers stating bitcoin is a scam. So the result is quite expected!

Even though Bisq has added INR trading pair, I see no offers available there! With the unfortunate closing down of localbitcoins and localcryptos, I expected BISQ to have some offers. Still, unfortunately, INR trading section is not at all active and has no offers yet. I have tried checking at different times but the result is the same.

Also with such a non-custodial and non-kyc exchange, there's always a considerable risk of dirty money being pushed to the accounts of commoners like us. It seems the only option for Indians will be to use Indian exchanges like Wazirx, Bitbns etc. going forward. Not really a favorable time for Indians in the crypto market.

It's always good to keep your eyes open while doing DCA. So I wouldn't suggest you to invest same amount in all market conditions. Rather, invest more when the price is less than your average buying price and invest less when it is higher. That's the wisest route to take.

Because if you keep investing same amount when the price is higher, you will risk increasing your average price. So play slow when the market is higher than your average buy price.