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Bitcoin discussions and knowledge share


jbunny007

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7 hours ago, reyy_amith said:

http://fortune.com/2018/02/01/bitcoin-price-india/

The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin’s already-sliding value further down the slope.

LOL Users have to read the following statements again 😑😑

#Fact 1: Government will eliminate Cryptocurrency – to curb illicit activities. It doesn’t mean they will stop cryptocurrencies from trading. If you are trading bitcoin/crypto on exchanges and paying your taxes, you are not doing anything illicit.

#Fact 2: Government does not recognise Crypto as legal tender. Which means you cannot make or accept payments for goods and services in Bitcoins or any cryptocurrency. So you are still free to buy and sell cryptocurrency on exchanges.

#Fact 3: Government did not say there will be a ban on cryptocurrency. Indian government can however ban ICOs in India. We have to wait and watch.

Wrong interpretation: BITCOIN is ILLEGAL.

Correct interpretation: BITCOIN cannot be used as legal tender. Bitcoin cannot be used for illegitimate activities.
 

If someone says BITCOIN is illegal in India from now on. No that's wrong. It's not legal nor illegal so all good now

You can work with Bitcoins from India as you were working in past

Media is just creating the FUD. That's it.

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4 hours ago, Raithu_bidda_ said:

Edo okati aa tether kuda fraud ani veste vuna fud motham potadi inka amana fud news vunte confirm sesthe pothadi 

December news tiskochi ipudu vesi sacharu..LOL

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3 minutes ago, ronitreddy said:

Inka baby stage lone undi .. There is lot more to come 

You mean btc at 3. To 5 k then bubble burst aipotadi oka gola vaduludi for 6 months or more 

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3 hours ago, Raithu_bidda_ said:

80 percent of 20k will be the new low but I doubt that lowest bottom will be 7 to 8k between we just touched 61.8 fib series at 8500$ generally when btc corrects to 61.8 fib it follows a bull run 

more conservative way to look if we go by fib is .786. 78.6% increases more risk rewards.. imo it is very good to test 786

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1 minute ago, TheBrahmabull said:

more conservative way to look if we go by fib is .786. 78.6% increases more risk rewards.. imo it is very good to test 786

More the volume more will be the high price so it’s better to have high volume at 7900$ or lower 

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2 hours ago, Raithu_bidda_ said:

Ripple ki 35 cent

btc 5k

ltc 60$

eth 600$

ki buy orders petukondi 

not sure about btc and eth. but ltc has good support around 115 to 100.

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1 minute ago, TheBrahmabull said:

not sure about btc and eth. but ltc has good support around 115 to 100.

Ltc follows btc so picha lite any how 100 break aithe 75 to 60 

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