I am reading somewhere that Bitcoin and other crypto currencies illegal in India as per Indian central bank announcement. In some other place i am seeing RBI advises caution on its use, bitcoin is not illegal in India. Which one is true ?? Any clarification about this?
Actually it is true that right now bitcoin and other cryptocurrencies are now being banned in India. The RBI or the central bank of India have already issued a memorandum to all banks that it is banning cryptocurrency including bitcoin in India. Because of this the Cryptocurrency exchange filed a petition on the Supreme Court of India to reconsider the banning over cryptocurrency by the RBI. |
|
|
|
|
This is the best move that an cryptocurrency exchange should do. Instead of just being silent they should fight for their right since there are no laws on India that says about cryptocurrency. Thus the decision was many loopholes to begin with. But of course even if they will fight for their right there is no certainty that they will win or lose this case. So let us just wait and see.
|
|
|
|
What can Blockchain do for politics? How do they overlap each other?
Management of public funds, these funds would be in a common accounting record ensuring that resources reach the intended purposes. Elections, votes would be counted in real time and would have detailed support that would limit electoral fraud, strengthening democracy.
Government management, registration, monitoring and auditing of public works progress would be possible with smart contracts.
So far, these countries are developing blockchain technology: Australia, China, South Korea, United Arab Emirates, United States, Estonia, Holland, Japan, Malta, Poland, United Kingdom, Russia, Switzerland, Ukraine.
Would this bring a new era?
In the field of governance and politics the blockchain technology could really bring a tremendous changes. In politics we will see a total kind of voting system, and that every people will have an id number and when they vote all will be recorded in the blockchain so there will be no excess voters and flying voters. In governance, all public funds that will be utilized will be visible in the blockchain for the people to see and such transparency could lessen the corruption in a certain country. |
|
|
|
|
What it this movement all about. It seems familiar and it sounded like one punch man animation. Anyway I do hope you post also the mission and vision of this movement. What will be the advantages in joining this movement and how will it affect bitcoin and the whole cryptocurrency. Also who will lead such organization and how will the leadership selection be made? There are so many questions and so we hope you can post those FAQ in your post.
|
|
|
|
As per my knowledge, Some investors invest in bitcoin when the price reach to 20,000$ but now price is hardly more than 10000$.
Should they loose their money?
But still investors are invest in why ?
Though those investors lost the value of bitcoin but they still have the same amount. As long as you have the same amount of bitcoin you will still have a chance of earning when the price recovers in a span of time. If they are risking their money at 20k $ per bitcoin then much more they will buy bitcoins at 9200$ which is more cheaper. |
|
|
|
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
In the long term bitcoin can possibly function as a currency. It is really hard for bitcoin to be called fully a currency due to many obstacles and non-acceptance of the public. Though we are already seeing some merchants and e-commerce business that are going to accept bitcoin but the road is still a long way to go. Possibly in 5 to 10 years bitcoin could already be a fully functional currency. |
|
|
|
|
For now let us look at the charts and the volume of btc and dollars being set-up in the exchanges. Basing on the btc volume being traded there is a tendency that bitcoin could go up. As for now bitcoins value is stable as there is a support at 8700$ to 8900$. Thus this means that bitcoins value will no longer or have the least possibility that it will go down thus we can expect that it will only rise in the coming month.
|
|
|
|
|
The correct action that we must implement is to get into bitcoins at this point of time. The price is now stable and we can only expect for the price to increase. Bitcoin is still young and the price is still too low before we can say bitcoin has matured. There are still many people in the world that have not yet entered into this field but are already planning to go in.
|
|
|
|
|
That is true and we can really observe that there are walls on 9k$ and whenever we try to go beyond it sell orders lined-up and cause it to go back down. But the good news is that the price does not go down 8700$ anymore and this means that there is some kind of stability. So this is a sign that we will no longer go down beyond that value but rather we can expect a going up movement in the coming weeks.
|
|
|
|
|
In our society we have the so-called technical terms and the common terms. The technical terms refers to the proper words to describe such thing, event or technology while the common term are the words being used by the masses to describe a thing, event or technology. For me the technicality on wordings doe not really give an impact, common terminology such as pump and dump does not make bitcoin cheap but if these words is easily understood by the public then I will go for it.
|
|
|
|
We saw so many news that bitcoin ban this country those country did we think why? if we see government ban bit coin and then they plan to open their own crypto currencies .
how you see government are doing this and what are the reason i believe government are kind of scared of bitcoin to take over them they can not control our money.what would be your thought behind banning bitcoin? and after math?
The governments are not afraid of bitcoin but the banks are. The reason why some countries are banning bitcoin is because of the illicit activities being done using bitcoin such as Money Laundering, ponzi schemes, drug trafficking and many more. The countries who banned bitcoin does not fear bitcoin but rather they want to protect their economy and their populace from those illicit activities. |
|
|
|
|
Well Margins are also important topics but I should day that instead of talking about Margins we should talk about how to play our cards. Bitcoin is a market based currency therefore its value is dependent on the movement of the market. Sometime the market can be really be affected by the moves of the big whales but of you know how to play your cards you will not lose your money and bitcoin.
|
|
|
|
Hi everyone, so i was talking to my friend whos a developer, and i asked him does he like bitcoin because i wanted to invest my tax return in it, and he responded to me with this,
Cryptocurrency is the government.
Satoshi nakamoto (creator of Bitcoin ) isn't a person but an organization. One of the new world order ambition is to set a one world government and currency and the only way to do that is create a money system like that which slowly all counties are adopting. Once they've adopted it the US dollar will crash forcing the entire world to use Btc and the people in control of Btc will be the US government. Do you really think the US government is in dept of trillions of dollars ? No they aren't that's bullshit just a way to crash the economy in the future. Do you really think some normie like you and I could build a block chain technology and popularize it without having any records ? Not even mark Zuckerberg would be able to do that New world order is real actually. American government fantasize about it and their lord and savior lucifer but for aliens they are quite real actually and there have been documented evidence in space to prove it Crypto currency can make you a millionaire but it isn't worth it. People who make millions off Crypto aren't to be praise cause they didn't do anything other than set up miners and traded Btc. Real millionaire work their ass out and hustle they don't just sit down trading Bitcoin and gambling. I especially hate it when btc miners self call them self "entrepreneurs" LIKE WTF DO YOU MEAN BY "ENTREPRENEURS" ? BOY YOU'RE STILL LIVING IN YOUR MOM'S HOUSE STFU
i get where hes coming from, but what do you guys think about this?? is he right or just a conspiracy theorist
This is just another conspiracy theories. But there can also be truths behind it the only thing is there is an irony. If you have search the net the printing authority for the creation of the US dollars is the Federal Reserve and according also to some sources the Federal Reserves is controlled by the Rotschild Family who are master Free Mason and is also suspected to lead in the New World Order. But if I were to asses it will the Central banks and the Federal Reserve who are being used to place countries into debts and thus they have no will anymore and are controlled by those masters of the New World Order. Thus the theory of your developer friend is more likely to be false but it is a good topic which we should also look into. |
|
|
|
|
The revolution project of Satoshi Nakamoto was not fully realized. His plan is to create bitcoin as a digital currency which will replace the fiat currency and will go against the banking systems. But the problem is that bitcoin is not yet accepted by the mainstream thus it is hard to use bitcoin as a currency. But slowly we can already see establishments that are accepting bitcoins. Later in the future Nakamoto's view will eventually be realized.
|
|
|
|
|
The opportunities in the rise of blockchain technology is profit. If you have mastered this kind of technology then you are creating your own opportunity. Blockchain technology will be the technology of the future, it will not only be used in cryptocurrency but also in trade and commerce. It could also be used in the field of education as well as the government. If you are a master on this, then just imagine how much money you can earn by offering your services.
|
|
|
|
I bilieve that in the future crypto currency will not replace fiat money as mode of payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.
1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.
2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.
This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
I agree with this reasoning and for me I believe that fiat money and cryptocurrency must work hand-in-hand. Cryptocurrency will be used to do transactions across boarders while fiat money will be used in everyday life especially in areas without any electricity and internet access. Both of them have its own advantages and disadvantages but if they supplement each others weakness then we will be expanding our financial horizon. |
|
|
|
Hah, another frustrated philosopher detected  Bitcoin will certainly die but not in your lifetime. What you can do now is stop complaining and try get everything out of your life right here and now and leave something for your offsprings (earn at least a couple of BTCs for your son or daughter  ). The author is not a frustrated philosopher but he is a person who is just worried about his bitcoin holdings. This is just my opinion but I guess he is collecting thoughts from people if he is going to sell his bitcoin or he will keep them. But the problem lies on how he deliver his thoughts, but for me his main concern is what decision he is going to make to sell or hold into his bitcoins. |
|
|
|
|
It may sounds funny but I can relate to your story. When I started engaging in bitcoin and started collecting satoshis from faucets my wife is laughing at me. But later on when I am already earning thousands of dollars worth of bitcoin online he began monitoring my wallet. Thus whenever I cashout my bitcoin it will always be collected by my wife.
|
|
|
|
|
Though this is a big problem to the European bitcoin and cryptocurrency lovers but this is not a coincidence but rather there must be someone who is pulling the strings. Have you come across some news that the European Union is going to launched its own Cryptocurrency with its own blockchain technology and this currency will monopolized all business transactions in the whole Europe. Though it is just my opinion but maybe there is a connection.
|
|
|
|
Someone says Etherium will be no. 1 coin if Bitcoin die.
But, I don't think so.
If BTC die, there will be no more cryptocurrencies.
At first this is also the thinking that I have but later on I realize that there are altcoins who have its own market and can possibly survive without bitcoins. Such as Ethereum, Doge, Litecoin, Monero and Dash. This coins have their own market and you can buy it using USD even without using btc. But the problem is still big since bitcoin is the model of all cryptocurrency and if bitcoin crashes the trust of people into all altcoins are also going to crash. So those coins that I have mentioned could probably survived but they will suffer a huge price crash and will reset their value back to centavos. |
|
|
|
|
Show Posts
