Some major changes will happen soon, Its already happened but the changes to come will make your jaw drop and you are seeing it in BitCoins
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People are selling Gold because of the huge manipulations taking place in the US and the LME. So what can you buy to protect yourself? Well Coins like Bitcoins are also manipulated but since the market is smaller it is much harder.. Also you can buy it and print it out and store it under a mattress.. Or you can send a pic of it to your family in an emergency and they can cash it in.. BTC is not the only one but it is by far the largest.. There is LTC and ETH and even XRP… All can be used to send money to others.. But some charge more than others..
For example I recieved $25 via paypal.. They took $1.50 out of it as commision.. Then they converted it to INR at rs70.. Same with many others.. So I used XRP to send money, like $80 and got like 245 XRP for it.. Total commision was like 1 xrp or under 50 cents and I can convert the US$ or what ever at the best exchange rates.. For much larger transactions its similar.. Banks charge you $25 to $50 to send you money… Use coins to send it for like $1 or less.. LTC is great that way..
I was begging people to buy BTC just 2 months ago when it was at around $10500.. Not many takers as they expected it to go to $9000.. Well today its at over $23000… Thats not only because people are pulling money out of like Gold and buying BTC.. Its also because the US is in dire straits.. Where as before you paid for your ganja in the middle of africa with US$, they only accept BTC or LTC etc now.. More and more are linking their credit/debt cards to coins so your coins and pays for them in the local currency..
Let me know what you think.. And thanks to the one who posted the CRED rs100 offer for BTC at coinswitch or something..
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Great shill my dude. I hope u r just ignorant and redpilled and not actually actively trying to mislead. This copypasta would have worked in 2017 when everyone was discovering btc but now ppl are a little more knowledgeable. Anyways i hope ur btc grows in value. Btw are u also in xrp? Lol
I was telling the spouse that they should have hired me to swindle the aid money for the floods and virus relief.. That way I could have bought coins instead of Gold bars with it and modi would not be looking at a windfall now that tax revenues are so much lower.. All that money could have been printed on a few sheets of paper and hid under a pillow.. Securely knowing that when modi is not around they could cash it in Switzerland and live happily ever after.. But now oh well.. They will all end up in jail and broke on top.. also everyone will come to know what a ignorant uneducated crook you are.. when you get out of jail and walk around, fathers will point to you and go, thats the guy that stole all that aid money for the poor and bought Gold with it and then lost it.. what a loser..
Like some of the examples I mentioned I got into it by accident.. And it was a huge learning experience since after getting paid around $9900.. 2 days later it went to $4000.. I could not believe it.. But that happens to me often.. get 50% hair cut a few mins after I buy something, all the time too.. Its like happens all the time.. Did I mention that? Yea ALL THE TIME.. I bought LINK at $12 yesterday and 2 hours later it was at $8.. XRP at 32 and it went to 22.. But the aim here is not primarely to make money but for other uses.. Getting paid and paying others is one of the main goals.. As well as making sure your wealth dont turn into someone else’s wealth so you can not blindly go buy it like Gold..
MSTR was an internet company that saw its stock price go from $3 to over $3000.. Yea in 2 years in the bubble it did that.. and then it went back to $3 again and stayed around there until they bought BTC with their 450 mil around $10,000 BTC.. Then the price of BTC increased to 19000 and they issued prefered shares for $650 mil.. Their stock price also went to like $350.. Because like apple who have 500 bil in cash, MSTR’s stock price went up to reflect the profits they made in theit BTC holding.. They bought 650 mil in BTC last week for like a price of $22000… Not everyone can buy and Hold BTC, like Gold you need custody and storage etc.. Also if naieve you can be hacked easily.. Some reporter on TV was showing how bitcoins worked and he showed the paper he printed out the bar code.. in a second that bitcoins was gone.. Someone scanned it and stole it.. So you have to be careful.. So mutual funds and the like dont like to buy it directly.. They instead buy shares in companies which hold it, or buy special shares like Greyscale trust that buys BTC and holds it for them and then issues shares for it.. Grescale has seen their holding go from like 100 mil a few years ago to now over $12000 MILLION.. This is institutions and mutual funds buying their shares and indrectly coins like BTC LTC ETH and XRP..
2 Years ago I knew nothing of this.. Although if I was still working I would be in the security industry and would have known of it somehow.. Here I had to have a crash course the hard knocks way and it was painful learning.. But now I know quite a bit and how to do things.. A few months ago JPM got sued because they stole almost $1 billion from their customers, mostly Gold buyers.. since JPM is the custodian for the Gold trust with over $3000000 Million in Gold bars.. Imagine that.. Your jeweler directly steals from you.. and then gets a fine for like a tenth of what they stole.. This is the main reason some of the funds are now selling Gold and buying BTC.. Greyscale is a much smaller company.. Their shares in LTC which is they buy the coins LTC and sells shares was trading at a premium of 2000%.. Yea while the price of LTC was like $70, people were trading their shares representing LTC for like $1400.. The shares are not easy to buy or sell due to SEC and other regulatory problems but you can see the intrest.. I like LTC better than the rest because sending it to others is cheap and fast, moved like $1400 for under $1 and took 5 minutes..
ETH is the new kid on the block and its different than the rest because you can wrap other coins in it.. Like white gold.. You can then sell those coins wrapped in ETH for special needs.. some companies buy them and pay you intrest on it.
In 10 years the world will change entirely.. Like I hate uber.. But what if, every taxi driver can advertise themselves on the net.. What if you could search for them yourself.. These coins and the techonology involved can make that happen.. You pay the driver in coins.. You can look up the drivers entire history.. No one else would be involved.. Same for any other business.. Imagine every village having their own eco system.. And it is all there for you to check.. Also you cant hide so paying taxes on what you make becomes easier for the government.. But also no chiconery.. Makes for a more ethical world to live in.. Also gets rid of the middle man.. Who take 50-75% of every transaction.. Prices would be much cheaper because others are not taking a cut from everything.. It would be like in the movies..
@alienteck Good to see you back after such a long break.
@alienteck Is there any chance BTC is going to touch below $ 10000?
I think even 16k is now out of the question.. Institutions are now interested and they wont let the price get that low. I think we can see 28k by end of the year so they can show a high price in their NAV to investors. I think in JAN we might see 18-19k.. But if price is 28k and it goes to 18k thats like a 50% drop and unlikely.. You also have wallets like paypal and others where people can buy coins like BTC and store them. So its becoming easy for many people to buy and hold and once prices start to take off like this, not many would want to sell.. But of course no one was interested when prices were low, everyone wanted to sell then..
One thing I have learnt in the year I been learning about BTC and coins is, you never ever buy when prices are higher and looking nice.. If anything, you always sell when everyone is happy.. You only buy when prices are crashing and everything looks bad. Like just 2 days ago XRP went from 50 to 22.. Most others also got major haircuts.. Anyone buying them already made 50% profits.. But things looked really bad at the time.. Even if BTC did not drop like I expected.. Yea many want to buy cheaper..
Le fata fat de fata fat works really well in btcusd. That’s why I love it 🐒🐒🐒
I dont have the time to play anything. If I did not think this was so important I would not bother wasting my time with it. If I know something and I see someone driving to a cliff I think its my duty to warn them of it. Although I could see it for a while now, it has now become too late since BTC right now is over $25000.. But even then even when falling over the cliff, knowing you are in free fall is better than not knowing when you hit the ground? I have posted a similar post a few years back which got no replies..
I have some dogecoin, bitcoins in qoinpro wallet. Can i withdraw them? Or qoinpro is scam? Pls let me know. Thanks
Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya.
Citing a possible five or 10-year time horizon, Palihapitiya said he thinks Bitcoin will likely reach $200,000 at some point. “The reason is because, everytime you see all of this stuff happening, it just reminds you that wow our leaders are not as trustworthy and reliable as they used to be,” he told CNBC in an interview on Thursday. He added:
“So just in case, we really do need to have some kind of, you know, insurance we can keep under our pillow that gives us some access to an uncorrelated hedge.”
Borderless and run by the people, Bitcoin allows holders to control their funds by themselves — no centralized authority required. Additionally, in October 2020, Fidelity released a report showing Bitcoin’s lack of price correlation to other markets, such as gold and stocks.
“The fabric of society is frayed, and until we figure out how to make it better, it’s time to just have a little schmuck insurance on the side, and everybody’s running in. It’s just an incredible thing. I could never have imagined it.”
@alienteck will it be right time to purchase BTC? And also which platform u suggest?
BTC is up 300% in 3 months.. So wait for a correction which might never come since some of the reasons I mentioned is making even institutions buy any dips.. There is not much in the world to protect your assets.. If I was buying something like BTC I would buy it over 10 months at 10% a month.. find the lowest price in a week and buy there.. Cost averaging works well.. Although some people are saying BTC will go under 30k.. They were also saying BTC will go under 9k just a few months ago..
I would only buy BTC here as an investment.. Like I buy Gold.. But Gold is not safe in this world since the custodian itself is screwing the customers.. As a trader you wait for a 10-20% hit which happens every other week to buy.. and then sell when it moves back up.. But as an investor you dont buy every dip and you would rarely sell since the aim there is to keep your assets safe over the long run. If I had bought BTC instead of leaving my money in the bank for a rainy day safe keeping I would now be a multi millionaire instead of the state having my money to spend on vacations.. Yea imagine that… Even a safe deposit box is not safe..
BTC and coins pullback at last.. Might last more than a day or so and maybe until end of the month until the over bought condition is gone a little..
Avoid the FIRST mistake the herd will make: buying into this pullback too early. When a frothy and speculative bull market rewards many as it has recently, it reinforces VERY bad habits. One of those habits is to buy into any low, OR a support identified on a smaller time frame which is highly unreliable. You may have done that on some recent brief pullbacks, and it worked out but when the broader retrace asserts itself you will get caught and most likely give back your random rewards. This is human nature and if you not aware of it, you will make the same mistakes over and over.
The first historical support is at 32,500.
Below which is 28,000… If it gets there..
Yesterday was a great day to take an initial position in coins as they were all down 25%..
Now here is one of the main reason why you need them a lot more than the gains you can get…
India in 2012 retrospectively amended the tax code, giving itself the power to go after M&A deals all the way back to 1962 if the underlying asset were in India.
“The 2012 amendment muddied the waters for everyone,” said Chitranshul Sinha, a partner at India-based law firm Dua Associates. “Vodafone and Cairn awards should be taken as a lesson that predatorial retrospective tax policies are something which should be done away with.”
Governments can do anything when they need money and since its in the country they can do anything unlike here which involves international corporations and capital friendly countries.. Imagine that.. a tax for everything now.. including taxing for things from decades ago.. Some governments are shameless.. You should be scared when they do anything of this sort.. But I noticed until they have to live in a cardboard box they wont do anything..
BTC hits $50,000 on Teslas’s $1500 million BTC coins buy..
Oh well you can take a horse to water but cant make em drink it..
What are your views further on this ?
I don’t feel bitcoin can be more valuable than gold for more time. Gold was and has been currency from centuries. Stock of gold Is limited and that’s make it valuable. I feel like bitcoin is like bubble like how GameStop rallied. Whenever it’ll burst. People will get huge loss.
Is coinswitch kuber is safe to buy btc?
Bitten at XRP for 240 INR..
Have not came out of it yet..
Its trailing almost 10%
Would suggest ppl to invest wisely..
I had invested 1L. Could get back 50k due to surge bitcoin..
Shorter route are good for short term.. So just be wise.. Open eyes ears and definitely mind.. So you don’t end up in loss at end.. Cheers
We are in tax season so prices will drop. But people really need to look at what governments are doing. India just brought out like the biggest budject ever.. How? their tax revenues are worse than the corner panhandler during a lockdown..
One thing I realised is, the whites will win again.. indians prefer to be more managerial to them as can be seen throughout history.. after all, they now issue managerial orders in many white counties like US and UK.. act all prettied and stuff doing white mans burden having an all expense paid credit card and stuff to travel in business class.. After all, the british empire would never have happened without so many pissbucket carriers.. If nothing else the Chinese have realised what the whites had done to them.. indians? not so much.. and much less with a green card dangling in front..
India is reportedly planning a short-term boost to its coffers by ensuring the nation’s cryptocurrency space is taxed before bringing in a ban on such assets.
The government is likely to impose both personal income tax (IT) and the goods and services tax (GST) on gains from trading cryptocurrencies, according to a Wednesday report from Business Standard, one of the largest English-language newspapers in India.
https://www.coindesk.com/india-plans-twin-taxes...
Keep electing snake charmers into ruling you and get charmed.. out of your money..
Guess tax season selling is over.. another ATH.. amazing that its up 500% in 6 months and 2000% or so in an year..
wazirx is an Indian exchange that allows you to buy/sell crypto coins.. It was going for rs5 or so a couple of months ago..
WRX is a coin used on the exchange as trading fees.. It is trading currently for rs230 that’s a gain of like 40×..
So it does seem like the younger generation think crypto will be big in India.. Because news spread around colleges and campuses about the exchange and kids are buying it now.
Wazirx is cz’s and he pumps his coins like this sfp might be next 😕
Informative post Kg
This author saw the breakup of the Soviet Union first hand and predicted it years before it happened.. He is essential reading for those who want to know what changes might come about.. You can use duct tape to hide a lot of cracks and get things working for a while but sooner or later it will leak and break.. Remember, when you are at the center of the storm, it is very calm and the sun is shining brightly.. Those who know would be preparing for what is coming.. Others will be out on the patio getting a sun tan..
http://cluborlov.blogspot.com/2020/11/are-ameri...