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  1. Roy club This is the only community on the Internet, on earth, in the world, which has no signs and is not a financial pyramid. What for? Since each member of the community has the opportunity 24 hours a day, 7 days a week, so that all the accumulated coins, even if 100% of the participants want to do it in one day, they can easily do it. The advantages of the club "ROY" We use PRISM cryptocurrency: Income up to 29.99% per month (up to 0.88% per day) Without loss of funds (restart, reboot, bench impossible) Growth rate "ROY" after each transaction: several times per hour The withdrawal at any time of the full amount with interest and bonuses in automatic mode Recommended amount of 100 coins Bonus programs: Affiliate program level 9 - 5% 2% 1% 0.5% 0.2% 0.1% 0.1% 0.05% 0.05%, which allows you to get a decent reward for building a team. Affiliate bonuses started immediately and without interest. There are no divisions into structures: locomotives, turbine carriers, reyprizmy and other currents, this tool is available to all participants, young and old. There is no opportunity for bonus fraud - the participants themselves pay out partner bonuses to each other. Partner ratings by the number of subscribers and turnover, upon reaching which will be awarded cool expensive gifts. Deactivating inactive partners Allowed to use multiple accounts to build a network Security: The system is built on the most private blockchain, which protects against intruders / hackers The system uses hot and cold cats. Protection against phishing - there are no logins and passwords, you can register without registration, just by entering your wallet number The output is available only for registered cats. How does everything work? The project is based on the features of PRIZM cryptocurrency: The faster new coins are mined. Members took part in the PRIZM joint paraming. All club members can receive affiliate bonuses. When you attract newbies - you get bonuses, when your partners attract newbies - you also get bonuses! The commission for entering 10% is Debna, which works for the benefit of the entire Club, because it: Clubs referral schemes for which participants can not steal money Pays off in 11 days Allows you to instantly pay bonuses, which prompts to invite newcomers to the Club Provides maintenance and development of the club "ROY Club" is a PRIZM cryptocurrency mining platform that brings together participants from around the world. Need money? Interested in passive income? We are ready to help you! Invest in joint paraming at the ROY club. Details on the link: https://roy.cash/club
  2. Bitsdaq is the official partner of Bittrex in Macau, Singapore, and Canada, a new exchange based in Hong Kong. Get FREE 2000 BXBC(20$) for Signup and 200 BXBC(2$) for Daily login https://bitsdaq.com/signup?referralCode=WBBHGB9W
  3. Signup on Bitsdaq Exchange to Get FREE 1700 BXBC(17$) and 200 BXBC(2$) for Daily login https://bitsdaq.com/signup?referralCode=WBBHGB9W
  4. Start: 19.04.2018Registration and bonus 21$/300 gh/s here: Register now and get bonus 21$ Helixxmine is an Altcoin and Bitcoin mining and hardware sales company who has opened it’s doors to the general public. Offering profitable cloud mining to everyone!The Helixxmine family live and breathe Cryptocurrency! Our team consists of Cryptocurrency miners, traders, developers and just general enthusiasts with over five years of hands-on experience.Our mining facility is based in South East Asia. We have offices in Thailand and Indonesia who take care of our Asia Pacific clientele as well as a registered company in the United Kingdom who deals with our European clients. The mining facility itself is ever expanding and 2018 will see the addition of solar power as well as a co-generation powered farm. We strongly believe in doing our bit for the environment.Terms of contracts: 1 and 2 yearsContract currencies:Multi,BTC,ETH,XMR,ZEC,BCHBonus:21$/300 gh/sProfit on contracts reaches up to 300% per annumAffiliate program of 5 levels: 10% 4% 2% 1% 1%Contact / License:615, 7 Baltimore wharf, London, E149EY, UNITED KINGDOMRegistered in ENGLAND, Number 11350738Company insurance amount 200 000 Pounds.Our deposit is 8000 $ (Multi сontract)(08.08.2018) The project pays steadily.! Register now and get bonus 21$ Payment proof:
  5. The state of Ohio has announced that it will accept Bitcoin for Tax Payments as a much needed respite to the deteriorating market condition of the cryptocurrency. This is a crucial time for such a move. Ohio becomes the first state to do so. This move is a turning point in terms of institutional approval, but its timing is also perfect— giving hope to what has been a very dark cloud for Bitcoin. The initiative begins now. Businesses in Ohio can pay their taxes, which including anything ranging from tobacco to public utilities. 23 different taxes can be paid for using the cryptocurrency. For instance Public Utilities Tax, Sales Tax, Seller’s Use Tax, and Severance Tax. The aim of the new payment option is to simply make things easier for taxpayers. But will it also make Ohio a cryptocurrency magnate? Will this move spur on other crypto adoption schemes? State treasurer Josh Mandel spearheaded the new system and is “confident that this cryptocurrency initiative will continue.” Bitpay, the crypto payment provider, will process all Bitcoin payments on the website. Businesses will be the first to avail of the new system. The State plans to expand it to individuals in the near future. And it seems Ohio is quite positive. will the move push for Institutional Acceptance? US government bodies have experimented with Bitcoin in various ways before. The State of Florida also announced a similar initiative to accept cryptocurrencies for tax payments. Even though this announcement was made back in May, the state has not yet integrated it. Also in 2018, it was reported that a San Francisco federal judge ordered a criminal to make a bail payment in Bitcoin. However, this decision was later reneged on as the transaction process for such a payment was complicated. Will Ohio’s move stick though? Investors are keen for signs of hope for the coin. Ohio may have just given them one.
  6. New York Stock Exchange (NYSE) chairman Jeffrey Sprecher expressed optimism about the survival of digital currencies as an asset class. Speaking at the Consensus Invest conference, Sprecher — who is also the CEO of Intercontinental Exchange (ICE) — said that when he saw headlines asking “Will digital assets survive?,” he would say that “the unequivocal answer is yes.” “We’re kind of agnostic to price,” Sprecher added. The NYSE and its parent firm ICE demonstrated a proactive approach to the cryptocurrency space. In January, ICE partnered with blockchain tech company Blockstream to bring “disciplined” BTC price information to major Wall Street investors. ICE then planned to pull data from 15 major exchanges and deliver it to big financial names, including hedge funds and professional trading firms. Later in May, ICE announced plans to offer traders contracts that eventually result in customers owning BTC. ICE reportedly “has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day — with the backing and security of the exchange.” There are reports about the establishment of an Association for Digital Asset Markets (ADAM) to create a “code of conduct” for the cryptocurrency sector.
  7. Jay Clayton, chairman of the U.S. Securities and Exchange Commission, hinted about what regulators in the United States will do in the crypto space in the coming time. Clayton was addressing a packed room at CoinDesk’s Consensus: Invest event in Manhattan. While a panel of experts touched on a range of issues, there were some major takeaways to glean from Clayton’s talk. Here’s what they said: 1. No bitcoin ETF any time soon The SEC is not likely to give its nod to Exchange traded funds since the third party custody of assets and market manipulation are posing to be major stumbling blocks. 2. Regulated exchanges are needed Clayton made it very clear that he did not trust existing crypto exchanges to prevent price manipulation. The panel noted that Clayton seemed to hint that some kind of move to get bitcoin onto a regulated exchange may be underway. 3. The rise of “CorpoCoin” To further tame crypto, Clayton also made it clear that anti-money laundering protections had to be put in place for crypto trading. The panel wondered what the implications of that push might hold for the body of retail investors that are active in the market today. “My question is this,” said one of the panel members. “There’s a lot of institutional money here. If you regulate it and you have market surveillance, will retail interest remain the same?” Borrowing a term the panel member credited to Andreas Antonopoulos, Long described that future as one for “CorpoCoin,” adding:“What’s going to happen if this becomes too corporatized, is the crypto community will just fork off.” 4. ICO-funded startups should go see the SEC, ASAP Repeating a theme Clayton stressed in his talk, the panel argued it would behoove crypto startups that raised money in 2017 and early 2018 to go to the regulators now. Paraphrasing Clayton, one of the panel member said: “Those that come see us may get one deal, those we come find may get another.” Earlier this month the SEC issued its first civil penalties to two startups that did not properly register their securities offerings. With those “templates” in hand, the panel member said, the SEC might be getting ready to move much faster on ICOs. 5. No action on “no-action” letters One of Clayton’s messages from the stage was that the SEC’s doors are open to startups working in the industry, particularly those that are issuing their own tokens. To this end, the agency recently launched a new fin-tech focused division with the explicit goal of fostering communication with ICO startups. 6. Courts may see ICOs differently While regulators are already on it, there’s another frontier for determining the validity of new funding mechanisms for blockchain startups. As the panel asked: “What are courts going to do when they start parsing through token sales?” In fact, it’s already starting to happen. Maybe in 10 years – or perhaps even less – the panel said, the U.S. Supreme Court may take a look. Broadly speaking, Clayton argued from the stage that the SEC is happy to help crypto startups in the U.S. find a way to get in compliance with the law, but our panel of regulatory experts said that, in practice, this turns out to be much more difficult (and costly) than the chairman made it sound.
  8. Bitcoin, a blockchain-based payment and settlement system, has lost more than 80% of its market cap to the 2018 crash but it is still holding relevance for its potential adoption as a store of value – just like Gold. The valuation of Ethereum, a decentralized supercomputer, is down more than 85% but its smart contracts technology could still be utilized at a larger scale, providing that the project innovates. There are also dozens of similar examples, ranging from XRP to IOTA, which are building real-world blockchain solutions, entering partnerships with the mainstream financial giants, and what not.The projects are not inflating as a standalone idea, but there is also an infrastructure of human resources and users being created around it. The year 2018 saw a growth in people working inside the crypto space, 2.5 times more than the much-hyped 2017. The year also witnessed the number of crypto users almost doubling from 17 million to 35 million. Technological issues got debated and resolved because of active community development. Institutional players set up their offices inside the crypto space to build solutions for the industrial expansion and its potential adoption among consumers and investors alike. Crypto expects to recover, much less wildly after the end of every bear cycle. The technical solution it brings, mainly for the commercial space, intends to stay with both improvements and setbacks in hindsight. The question about whether or not a cryptocurrency asset would one-day be worth millions of dollars cannot yield a correct answer. In the end, the investors – both retail and institutionalized – will line up after projects which they believe would bring innovation to the internet-of-value space.What happens after a great crypto depression? Well, the market doesn’t repeat its mistakes and recovers more organically than before. Only, it takes more time to regain its glory.
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  14. Project Legend: Octoin is an international company, created at the beginning of 2006. Octoin is found as the synergy of the professional Traders Team from UK and Singapore, as well as by the business owners of the largest mining pools of North-West China. Thanks to this emerging the main goal of Octoin became possible: the integration of the capitals for professional trading at maximum volumes, investments at the trusted ICO companies. Also, usage of the most effective technologies for mining of not only the main cryptocurrency, but also the whole range of most promising altcoins. During this year, the international team of Octoin have been joined by the leading experts from: UK, Germany, Poland, France, China, Indonesia, South Korea, Turkey. The experience and knowledge exchange, team work for the mutual result have lead to reaching the leading position at the market of cryptocurrencies. In June 2017 there was taken a decision of opening the doors of Octoin to the wide audience of users: investors, traders, miners. Moreover, Octoin got open to the large societies of people who follow the cryptocurrencies, blockchain and also, to the network marketing leaders. Marketing: Investment Portfolio Trading: The user’s statuses influences the profit from investments to Trading and ICO. Also, the statuses influence the time periods, options: “Insurance rate” and “Closing the portfolio before the end of the investment period”. Chosen cryptocurrency for the investment portfolio means a lot as well. The profit for investment portfolio is accrued on a daily basis. Investment period is from 30 to 150 days. The profit percentage changes according to the period. Timing 30 DAYS PORTFOLIO BRINGS STANDARD PROFIT 60 DAYS PORTFOLIO INCREASES DAILY PROFIT FOR 5% 90 DAYS PORTFOLIO INCREASES DAILY PROFIT FOR 10% 120 DAYS PORTFOLIO INCREASES DAILY PROFIT FOR 12,5% 150 DAYS PORTFOLIO INCREASES DAILY PROFIT FOR 15% OCTOIN has got 7 statuses: USER Is given to everyone at the completed registration process. ASSISTANT Partners with Assistant status get 3% of additional daily profit. SUPERVISOR Partners with Supervisor status get 5% of additional daily profit. MANAGER Partners with Manager status get 7% of additional daily profit. LEADER Partners with Leaders status get 10% of additional daily profit. DIRECTOR Partners with Director status get 15% of additional daily profit. PARTNER Partners with Partners status get 20% of additional daily profit. Minimum amount of deposit: 10 USD Maximum amount of deposit: 100 000 USD Average monthly profit: from 26% to 32% depending on the status Type of payments: manual return of deposit at the end of investment period Payment systems: PerfectMoney, AdvCash, Payeer, Bitcoin, ethereum, Litecoin, Zcash, Dash Early portfolio closing The payment for the service of “Early closing of investment portfolio” is 30% of the daily profit for the specific portfolio. The charge fee for the early closing of the portfolio (before the 30 days are over from the moment of opening portfolio) is 20% from the invested amount. There is no any extra charge if portfolio is closed after 30 days. Rate Insurance Additional service “Rate Insurance” is protecting the investments of the users from the unexpected drops of the rates of cryptocurrencies. OCTOIN is for the secure investments! The service “Rate insurance” is allowing to fix the rate of the cryptocurrency in USD at the moment of the payment of the investment portfolio. Thanks to the insurance you are protected from the losses. The daily profit will be shown in both: cryptocurrency and USD. Everyday the user can choose in which out of the two currencies to take the most profitable income. Closing of investment portfolio after its full completion is possible in USD or in cryptocurrency of investment in accordance to its current rate at the moment of portfolio creation. The payment for service “Rate Insurance” is spread during the whole period of portfolio validity period. It is 30% of the daily accruals for the specific invest portfolio. This payment is taking only for the risks which Octoin is baring. Mining: Deposit minimum amount: 10 USD Deposit maximum amount: 100 000 USD Average monthly profitability: 35% Types of payments: Manual Deposit is included in the payments Payment systems: PerfectMoney, AdvCash, Payeer, Bitcoin, ethereum, Litecoin, Zcash, Dash Investments in mining are profitable Advantage when paying by OctoinCoin Rental period Octoin makes profitable the rentals of mining capacities for a long time. The longer is rental period the less is the rental payment of the miningcapacities. 30 DAYS RENTAL. DISCOUNT - 0% 60 DAYS RENTAL. DISCOUNT - 3% 90 DAYS RENTAL. DISCOUNT - 5% 200 DAYS RENTAL. DISCOUNT - 10% Partners Trading Program USER 3-2-1% from the partner’s deposit ASSISTANT 3-2-1-0.5% from the partner’s deposit Supervisor 5-2-1-1-0.5% from the partner’s deposit Manager 5-3-1-1-0.5-0.5% from the partner’s deposit Leader 7-3-1-1-1-0.5-0.5% from the partner’s deposit Director 7-5-3-1-1-1-0.5% from the partner’s deposit Partner 10-5-3-1-1-1-1% from the partner’s deposit Partners Mining Program: USER 3-1-1% from the partner’s deposit, 3-2-1% from profit ASSISTANT 3-2-0.5% from the partner’s deposit, 5-2-1% from profit Supervisor 3-2-1-0.5-0.5% from the partner’s deposit, 7-3-1-0.5-0.5-0.5 from profit Manager 5-3-1-1-0.5-0.5% from the partner’s deposit, 7-5-3-1-1-1 from profit Leader 7-3-1-1-1-0.5-0.5% from the partner’s deposit, 7-5-3-1-1-1 from profit Director 7-5-3-1-1-1-0.5% from the partner’s deposit, 10-7-5-1-1-1% from profit Partner 10-5-3-1-1-1-1% from the partner’s deposit, 15-10-5-3-1-1% from profit P2P-exchanger is a platform of free exchange of cryptocurrencies inside Octoin. Each registered user can place as new exchange order all cryptocurrencies that he/she has got and all the money, which he/she has got on the balance. There is a calculator to make the process of order creation easy and simple. It will show the current rates of all the currencies and calculate the amounts. __________________________________________________ __________________ Learn more
  15. The worst thing ever said about Bitcoin is that it is used for terror financing, black money laundering, and illegal transactions. These are absolutely ludicrous and baseless rumors. Even if there is an iota of truth in it then such illegal activities take place through hawala route also. So, if naysayers say that only bitcoin is to blame for such illegal activities then they are absolutely wrong. Another speculation about Bitcoin which is again quite unfair is that it is a bubble which might burst in future. Again, we can see that Bitcoin has stayed in the market for almost a decade and despite having many ups and downs the digital currency has managed to maintain its position at the top. People never lost trust in Bitcoin as a safe value storing digital asset. Despite all the negative publicity, Bitcoin has not lost its sheen. None of the altcoins have been able to topple Bitcoin from its position. People are still buying it and they will continue to do so. As long as there is a structured and a secured technology like the blockchain nothing will happen to its scope. Also, likening it to the Tulip mania or calling it a Ponzi is unjust and quite unfair. Skeptics anywhere in the world will speak negatively about anything which is new and revolutionary.
  16. We at Bitssa.com believe that the confidence in Bitcoin is not going to fade away and only for those who have complete knowledge on the subject and who are aware that bitcoin is the result of a highly secure technological marvel called the Blockchain and it is here only to stay. But those people who are losing confidence in it are only those skeptics who have no knowledge about Bitcoin and the advantages of having a value storing digital asset like bitcoin. Sooner or later they are going to realize that how secure, quick and cost-effective it is to use Bitcoins. And it can be seen from the recent trends that Bitcoins are being accepted in many countries for its aforementioned advantages. In many countries, Bitcoins are being accepted as an alternative mode of payment. There are Bitcoin ATMs that are facilitating the sale and purchase of Bitcoins for the common man. Some countries like the Philippines are accepting Bitcoin for Airlines and as school fees. So, slowly and steadily Bitcoin is gaining the confidence of the global economy. As far as volatility is concerned, it is only a matter of time that Bitcoin will gain stability once it gets incorporated in the global financial ecosystem. The uncountable amount or number of transactions on the blockchain network of the bitcoin cryptocurrency will sufficiently prove that people still have loads of confidence in the bitcoin as it continues to increase in its number of transactions per second and the blockchain using 90% of its capacity. The trust is there and the proof is on the market cap, Bitcoin remains at the top and no other coin surpass that status. If you look and understand the graphs and capitalization of Bitcoin, then you would probably not going to have any doubt about Bitcoin since the statistics speak for this currency. It's easy to talk about the accumulation of extra money, but it isn't fun, especially when your property portfolio drops 80% and you have nothing else to invest. If you are a maximalist, but you are having trouble wondering when electronic assets like Bitcoin will rise again, this is the time for you to act. The accumulation doesn't stop when the trading floor. In fact, it is a work that needs to go through the year, as a stepping stone to boosting growth as the market recovers. Finding a job related to electronic money is also a way for you to accumulate satoshi when their prices are still low. Just spend the money you need to stay and keep the rest of the money safe until the season. Altcoin or Bitcoin again. "Life changes very fast. If you do not stop and look around you, you will miss your life. "Electronic money won't go anywhere. When you are ready to make it your love, it will continue with you
  17. We at Bitssa.com believe that Bitcoin is going to stay here, in the long run, owing to its high technology, security features, faster transaction time and cost-effectiveness. Gone are the days when people had to wait for days for bank transfers and pay a commensurate transaction fee. Moreover, in the age of rampant financial crimes taking place, a technological marvel like the bitcoin will bring a welcome sigh of relief to the people involved in large money transactions. It is again about the perception that bitcoin is not safe or it's not even a currency or it is a Ponzi scheme or it aids terrorist activity. All these are baseless fears of those skeptics who have the fear of the unknown. Firstly, such skeptics are completely ignorant of the fact that Bitcoin is the future since it is based on a futuristic technology which is the Blockchain technology. It is a revolutionary invention and certainly, this will transform the entire financial ecosystem by bringing in more accountability and transparency due to its high-security features. Secondly, anything that has value and can be exchanged for a valuable asset or commodity can be treated as a currency. Bitcoin is a currency since it is asset-backed and the asset backing it is the trust created in it owing to its high-security feature. Thirdly, all those people who call Bitcoin a Ponzi scheme should realize that even investing in the share market in its initial days was likened to an investment in a Ponzi scheme but later on getting the right kind of knowledge and developing a deeper understanding of the subject created faith in it. So, it is advisable to all the skeptics to do a thorough research on the topic before calling Bitcoin a 'Ponzi'. And lastly, if bitcoin is facilitating terror financing then arent hawala transactions aiding terrorist activities. If there is some regulation on the use of Bitcoin then certainly such terrorist activities can be curbed. For this to happen all the Governments in the world need to understand the significance of accepting a valuable digital asset like Bitcoin and pass laws in favor of the acceptance of Bitcoins. imposing a ban is like denying the future to the citizens.
  18. In the Philippines, there are a lot of posts posted on social media that their local airline, Philippine Airlines and STI school now accept Bitcoin. This news will create a stir and this will help spread information that Bitcoin is not scam at all. We know in the future there will be more businesses and companies will accept Bitcoin too. If this is true then this is certainly a revolutionary step towards the acceptance of Bitcoins as a mode of payment like any other fiat currency. This will encourage other economies to look in that direction and start accepting Bitcoin as an alternative payment system. But sadly many countries are not understanding the importance of having a completely digitized and highly secure value storing and payment system like Bitcoins. This move will certainly boost their economy and contribute to the GDP. Payment through Bitcoins are certainly cheaper, much faster and most importantly the safest. Imagine the world having a common currency where each and every country indulges in trade using Bitcoin. This will change the face of the global economy.What's your view on this? Does your country accept Bitcoin too?
  19. Hello everyone I have a news. In Belgium there are total 8 Bitcoin ATM machine.In Antwerp 3 ATMsIn Brussels 2 ATMsIn Ghent 1 ATMIn Hasselt 1 ATMIn Sint-Truiden 1 ATM Belgium has set a marvelous example. This is a milestone achievement. This will certainly enhance the scope of bitcoins as a part and parcel of the mainstream payment system. This indicates that the day is not far when Bitcoins will replace fiat currency as a conventional mode of payment. This is turning out to be true in the case of advanced economies but developing economies are still grappling with the idea of accepting Bitcoins as part of their economy. These developing economies are failing to understand the economic benefits of incorporating Bitcoins in their financial system. These economies need to understand the importance of having an easy, quick, cheap and most importantly a highly secured value storing digital currency. The only challenge with Bitcoins is that it needs to stabilize and this is where such economies are becoming suspicious of accepting Bitcoins. As far as issues like terror financing and black money laundering are concerned, such activities are anyway carried out through other channels also. So one cannot single out the use of Bitcoins for all the illegal activities taking place on the financial front.
  20. We at bitssa.com believe that it is only the fear of the unknown that will keep people from getting into cryptocurrency. It is true that the majority has no idea what Cryptocurrency is all about, how does it work and what could be the possible advantages of investing in a cryptocurrency. And certainly, for any layman, such questions must be raising a lot of doubts in his or her mind for venturing into the world of cryptocurrencies. Humans have always believed in conventional wisdom since times immemorial. They have always opted for tried and tested methods but whenever the question of trying anything new and revolutionary arose humans have always trodden cautiously. It is only about time that people will realize the importance of investing in a highly advanced, sophisticated and secured value storing currency like cryptocurrency. We can say that it is only a lack of education that can be held responsible for people's ignorance and fear of cryptocurrencies. As far as unpredictability is concerned, who knows what the future hold for us. We may live for 10 thousand years on this planet or there could an apocalypse tomorrow. Same can be said about cryptocurrencies. All those investors who have reaped huge returns on their investments in cryptocurrencies must be wary of all the pitfalls of investing in it. The best advice is to do a thorough research before getting into cryptocurrencies. Instead of asking a question like what will people from getting into cryptocurrency? ask what is it that keeps people interested in cryptocurrency. Honestly, the answers are many to this question:a) Cryptocurrencies facilitate Quicker, cheaper, and secure bank transfersThe way we or even transfers money is so obsolete. Some bank transfers even take a couple of days to complete the transaction, with correspondent banks and nation-specific clearing intermediaries involved on both sides. However, by using digital currency, bank transfers could be completed in no time as they are cheaper, safer, and quicker when compared to the conventional transactions.b) An encouragement to global remittancesUtilizing digital currency, even private users can transfer money directly whoever they want through smartphones, of course, with the only rest fee being those taken by the exchange platforms. While conventional money transfer companies had to have carry principal just in case of any delay in international money transactions, capital requirements are very much necessary for companies who use digital currencies.However, minimizing the fee may make it simpler for small players to take steps in the remittance picture or for current players to make transactions possible in even small towns and extremely remote countries.c) Safe money for the poorDigital currencies can become a safe and secure way of payment especially in nations where the majority of the citizens do not hold bank accounts. While utilizing Bitcoin as another currency in such nations would expose people in the country to a particular amount of risk, but still, it would be a better one when compared to the current options especially in high-inflation countries. For instance, it is safer than stashing hard cash at home or purchasing precious jewelry.c) Discovering the potential of e-commerceSince virtual currencies allow customers to transfer funds just like an email or a message, online shopping soon turns into a much smoother and more straightforward process. Digital currencies can also let SMBs in developing nations to more interact on a global level in e-commerce.
  21. To say the least, Bitcoin and blockchain technology are indispensable. Bitcoin is a byproduct of Blockchain technology and both go hand in hand. However, if we talk about which is to stay longer then obviously Blockchain technology is to stay here in the long run. Blockchain technology is a revolutionary technology which is going to transform the whole financial ecosystem. We can see that the Banking system is already incorporating the blockchain technology which is proving out to be a boon. In the wake of many financial crimes happening all across the globe, blockchain technology is going to revolutionize the financial industry. On the other hand, Bitcoin is a digital currency which is in the form of a digital ledger supported by the blockchain. Bitcoin is the byproduct of the hype created in the market and the trust created in it due to its high-security feature backed by the blockchain technology. Bitcoin which is highly volatile in nature is giving a lot of people reasons to doubt its sustainability. No one knows when the bubble might burst. Yet people are risking their money in it. But what the future holds for Bitcoin, that only time will tell. So, certainly, Blockchain technology will survive the tests of time.
  22. We at Bitssa.com believe that Cryptocurrency and fiat currency are the two sides of a coin. Fiat currencies are regulated and recognized by the Government of the day in most countries whereas Cryptocurrencies have become a global phenomenon due to their global presence and acceptance despite being decentralized, unregulated and unrecognized by many Governments in the world. Fiat currencies are stable and mostly they are subjected to artificial inflation in order to control economies whereas Bitcoins are a very volatile currency as its demand mostly runs on the hype created in the market. If we were to draw parallels between the Cryptocurrency market and its functioning with any other market then it is certainly the stock market. Cryptocurrency behaves like shares. The increase in the market price is only due to the demand created for that particular cryptocurrency. Every year, people send almost 500 billion dollars in the form of remittances from developing countries across the globe. This is the amount that can exceed FDI. With international fee varying from 5 to 10 percent for transferring 200 dollars, the number is quite a burden for normal people. Now, the emerging technologies have the potential to assist people in transferring the amount fast and cheap. Utilizing digital currency, even private users can transfer money directly whoever they want through smartphones, of course, with the only rest fee being those taken by the exchange platforms. While conventional money transfer companies had to have carry principal just in case of any delay in international money transactions, capital requirements are very much necessary for companies who use digital currencies.Africa is one good example to show that the explosion of smartphone technology educated that even developing countries also eligible to lead when it comes to high-end technology. According to a source, more than 60 percent of commerce in Kenya is taking place through smartphone credits as a source of exchange. Everyone can store money and transfer credits to other users, but the only problem is that the fee is too high. Cashing out will cost nearly 20 percent even though the great embracement of the credits result in many customers spending the credits directly without having to pay large amounts in the form of fee.
  23. We at Bitssa.com are of the view that Bitcoin is not a currency due to the following reasons:Not Asset-backed: Firstly, Bitcoin is not an asset-backed currency just like any other fiat currency backed by gold or oil such as the USD, GBP, Euro, or INR. However, Bitcoin can be considered to be backed by the trust it has in the market due to the hype created on the internet attributing to its high-security feature. Again this is not a real asset.Not centralized: Secondly, Bitcoin is not a centralized currency. It has a global presence. Unlike, the fiat currency, the bitcoin is not country specific.Not regulated: Bitcoins are not regulated by any bank or Central/Federal Government. This is a mandatory feature for granting a currency status to a coin or money-bill.Not a Legal tender: Bitcoin is not a legal tender bearing the signatures of a Banker or Finance Minister of a country providing it legal sanctity to buy or sell products and services. However, there are exceptional cases where Bitcoin is accepted for payment on certain e-commerce websites.Highly unstable: Another very important criteria for not granting currency status to Bitcoin is that it is highly unstable and moreover volatile. If seen from the angle of any fiat currency such as dollar or pound, they are highly valued since they are stable and causes the consumer to trust blindly in its value as a currency. Whereas, Bitcoin is not as trustworthy as far as its value is concerned. Its value may appreciate and depreciate by 30-40% in a matter of a few months. In principle, an accepted currency must fulfill three functions: to be a means of exchange and payment, a unit of calculation and a means of preserving value. According to a comparison between gold, CHF and bitcoin (but also valid for all other cryptocurrencies), there is no economic argument to classify bitcoin as money.
  24. We at bitssa.com believe that India will accept Bitcoins sooner or later. In his budget speech of 2018, Indian FM Arun Jaitley rightly pointed out that "Cryptocurrency is not a legal tender" which means it is not like any other regular fiat currency which can be used for buying or selling products and services. However, this does not mean buying cryptocurrency is illegal in India. It is just a matter of time when the Indian Government will seriously consider the option of giving legal status to Bitcoin in India. There were some real fears on account of which the RBI came out with certain guidelines against the use of bitcoins such as terror-financing, black money laundering owing to the unregulated and decentralized character of bitcoins. But, terror-financing and money laundering also happen through Hawala-channel via cash. So, bitcoin is not solely responsible. If we consider the volatile nature of Bitcoin, imagine the kind of remittances it will generate if it was made legal in India adding to the GDP of the country. Bitcoin is a byproduct of a revolutionary technology (blockchain) which is here to stay for good. There are speculations that in the coming years Cryptocurrency will replace cash money. And we hope that is soon to happen.
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