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Posts tagged as “investment”

What is Bitcoin?

Even though Bitcoin was first proposed in 2008, it remains a mystery to many 12 years later. Don’t worry! Here’s everything you need to know about the first cryptocurrency. Bitcoin is a topic which has been subject to a lot of misinformation and fake news for quite some time now. This has caused a lot of us to be misled or misguided and lost in the overwhelming world of Bitcoin.…

Experiment: I took a Three Month Loan to buy Bitcoin – Part 1

I took a loan of Rs. 200,000 to be returned in three months, to buy Bitcoin with it and see if I make profit or loss at the end of three months. The total amount to be returned is 209069, roughly 5% more. While we always advise people that taking a loan to invest in Crypto is a terrible idea. But many people don’t listen to this advise, go knee…

SC Clears Ground for Crypto Trading in India. My Word of Caution: Stick with Bitcoin

Today was indeed a monumental day for the crypto community in India as Supreme Court squashed the 2018 RBI circular as it fails the Test of Proportionality. This circular had prevented crypto exchanges from opening bank accounts to accept or make customer deposits. Reeling under this pressure a number of exchanges had shut their shop as they couldn’t accept deposits from their customers who wanted to buy/sell cryptocurrency. Now, following the SC order, we should witness a sea of new crypto exchanges come up in India that would allow direct…

Ten Really Basic Questions For Cryptocurrency Newcomers Answered

Slowly and steadily exchanges are pulling the plug on INR based trading. This was expected. What I did not expect was the sheer level of FUD this can cause. The markets on Koinex went down by over 50%, we reported when it was 33% down. It appears that the underlying problem here is the lack of Crypto education or understanding. Hence, this article is aimed at answering some of the…

Crypto Market Crashes in India over Exchange Warning

India’s regulatory response to Cryptocurrency has not been in favour of cryptocurrency trading. We know that by now. The markets remained unaffected for over 10 weeks until yesterday. In a first of a kind announcement, Zebpay, India’s biggest cryptocurrency exchange by volume warned its users of dismissing fiat (INR) services abruptly. The announcement is titled “Your Rupee Withdrawal Could Stop”. Markets Crash What followed and still continuing across the Indian…

Now Pay For Porn With Verge XVG

Internet is full of creativity. The good news is that most of it is free. The bad news – the best of it is behind a paywall. So while you gentlemen and ladies are browsing the internet ‘for research purposes’ and wish to gain access to some premium research material, you pay for it using a credit card. Today, World’s largest porn site announced its partnership with a privacy coin…

What is the Tulip Mania and Why People Compare Bitcoin With It?

Many times we hear people say that Bitcoin will crash like the Tulip Mania in the 17th century. Imagine, close to 400 years later, people still talk about one of the oldest if not the first speculative bubble. Tulip Mania is when in the 1637, the contracts of Tulip bulbs in Netherlands went to unprecedented prices and later collapsed dramatically. Historians are still debating whether or not it cost a…

A New Indian Exchange With Only Crypto-Crypto Pairing Launches Today

Amid the chaos surrounding RBI’s move to ring fence the banks and payment services from dealing with Crypto exchanges, a new exchange goes live for trading today. CoinDCX, India’s first ‘only crypto-crypto’ trading exchange will allow users to begin trading at 6:00 PM today. CoinDCX is an abbreviation for Coin Digital Cryptocurrency Exchange. The exchange offers several BTC/ETH pairs like Tron (TRX), Monaco (MCO), Litecoin (LTC), Basic attention token (BAT)…

Indian Exchange announces 20% Interest on your Crypto Holdings

How does a bank make money? Simply put, they take deposits from you and give that money as loan to borrowers. You get interest on your money and the borrower pays interest to banks on the loan. The difference between these interests, minus the bank’s expenses is the PROFIT. I know we blame the banks and call them evil. There are many scams happening within the banking sector. We see…