Bhpian Bali Posted May 19, 2021 Report Share Posted May 19, 2021 Crypto currencies will usher in a new era for sure but no entity should fluctuate so much. Saw bitcoin at 24 lacs and now at 31 lacs. This sh*t is crazy. Too much movement in a day and the fact that any genius can invent his own coin with zero store value and create billions overnight is catastrophic. How many nations in the world and how many fiat currencies and how many cryto currencies? Who decides? Quote Link to comment Share on other sites More sharing options...
harjas Posted May 22, 2021 Report Share Posted May 22, 2021 (edited) http:// www.defi100.org Edited May 22, 2021 by harjas Quote Link to comment Share on other sites More sharing options...
KunjanPSD Posted May 22, 2021 Report Share Posted May 22, 2021 17 minutes ago, harjas said: http:// www.defi100.org Shitcoins ftw! Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted May 22, 2021 Report Share Posted May 22, 2021 damn Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted May 23, 2021 Report Share Posted May 23, 2021 1 Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted May 23, 2021 Report Share Posted May 23, 2021 1 hour ago, SpearHea:D said: Investing in stupid coin's and meme coins is peak definition of "Play stupid games win stupid prices" Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted May 23, 2021 Report Share Posted May 23, 2021 5 minutes ago, rushaboswal said: Investing in stupid coin's and meme coins is peak definition of "Play stupid games win stupid prices" Yes, agreed. But one cant deny that if the investment works with what you can afford to lose, it can change financial position within weeks or days. Like doge coin and others. Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted May 23, 2021 Report Share Posted May 23, 2021 37 minutes ago, SpearHea:D said: Yes, agreed. But one cant deny that if the investment works with what you can afford to lose, it can change financial position within weeks or days. Like doge coin and others. This is where the problem starts. People underestimate this statement and star putting saved money into get rich quick scheme. And I agree with the second part. My friend can now literally live out of bitcoin if he wants too Quote Link to comment Share on other sites More sharing options...
SpearHea:D Posted May 23, 2021 Report Share Posted May 23, 2021 26 minutes ago, rushaboswal said: This is where the problem starts. People underestimate this statement and star putting saved money into get rich quick scheme. Yes can go both ways. There are horror stories and bad decisions on ppl's part. Quote Link to comment Share on other sites More sharing options...
Bhpian Bali Posted May 23, 2021 Report Share Posted May 23, 2021 53 minutes ago, rushaboswal said: This is where the problem starts. People underestimate this statement and star putting saved money into get rich quick scheme. And I agree with the second part. My friend can now literally live out of bitcoin if he wants too If your friend is in India then Goodluck cashing out crypto currency in India. Tax dept will wipe him out completely if he is caught. Unless he flies off to some place abroad and takes up residency. Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted May 23, 2021 Report Share Posted May 23, 2021 1 minute ago, Bhpian Bali said: If your friend is in India then Goodluck cashing out crypto currency in India. Tax dept will wipe him out completely if he is caught. Unless he flies off to some place abroad and takes up residency. He is cashing out though. What he does next might me intresting then. I have no idea about cryptos. Quote Link to comment Share on other sites More sharing options...
Bhpian Bali Posted May 23, 2021 Report Share Posted May 23, 2021 Just now, rushaboswal said: He is cashing out though. What he does next might me intresting then. I have no idea about cryptos. I m guessing he is trading on a platform abroad using dollars? He will be receiving money in dollars to inr? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted May 23, 2021 Report Share Posted May 23, 2021 1 minute ago, Bhpian Bali said: I m guessing he is trading on a platform abroad using dollars? He will be receiving money in dollars to inr? No idea bro. All i know that he has enough bitcoins and eth to live the rest of the life . Quote Link to comment Share on other sites More sharing options...
Bhpian Bali Posted May 23, 2021 Report Share Posted May 23, 2021 14 minutes ago, rushaboswal said: No idea bro. All i know that he has enough bitcoins and eth to live the rest of the life . Kitna hai bhai? Kya 100 200 crore banaliye kya? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted May 23, 2021 Report Share Posted May 23, 2021 10 minutes ago, Bhpian Bali said: Kitna hai bhai? Kya 100 200 crore banaliye kya? Exact figure thodi batyega koi ? Quote Link to comment Share on other sites More sharing options...
Bhpian Bali Posted May 23, 2021 Report Share Posted May 23, 2021 (edited) 21 minutes ago, rushaboswal said: Exact figure thodi batyega koi ? But is it in crores then? Anyway smart guy. But should not have even mentioned it to you. But should keep his cards close. Cuz from what i read govt says that crypto assets are liable for gst as well. In case they consider 28% then over 60% of his gains are liable for taxation and then there will be penalties for non disclosure. should flee to dubai. Just a mere 1 cr house gets you a pr there. Edited May 23, 2021 by Bhpian Bali Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted May 23, 2021 Report Share Posted May 23, 2021 7 minutes ago, Bhpian Bali said: But is it in crores then? Anyway smart guy. But should not have even mentioned it to you. But should keep his cards close. Cuz from what i read govt says that crypto assets are liable for gst as well. In case they consider 28% then over 60% of his gains are liable for taxation and then there will be penalties for non disclosure. should flee to dubai. Just a mere 1 cr house gets you a pr there. He never told it to me bro that he has that much money, easily in cores. He back in the day told him his buying it and now he's holding it. Yeah he knows jsckshit about all this, but must have figured by now. When you get so much easy money you don't want it to loose easily 1 Quote Link to comment Share on other sites More sharing options...
TAZ Posted May 23, 2021 Report Share Posted May 23, 2021 (edited) 13 hours ago, Bhpian Bali said: If your friend is in India then Goodluck cashing out crypto currency in India. Tax dept will wipe him out completely if he is caught. Unless he flies off to some place abroad and takes up residency. You are mistaken here. Its very easy to bypass this. Keep crypto In wallets. Transfer it using an account in Dubai easy peasy given the transaction is in crores. Edit: Just saw ur Dubai post now Edited May 23, 2021 by TAZ 1 Quote Link to comment Share on other sites More sharing options...
TheGothamChampion Posted June 3, 2021 Report Share Posted June 3, 2021 Is it better to buy crypto from exchange or to build a mining rig? Gpu prices are insane right now even 1660 super impossible to find below 50-55k. Quote Link to comment Share on other sites More sharing options...
Right Posted June 3, 2021 Report Share Posted June 3, 2021 What if pool money and build a mining rig? 25k per person — 20 person in pool. How long will it take to recover cost? Quote Link to comment Share on other sites More sharing options...
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