Fast and Simple Methods for Conversion of Bitcoin to INR

Bitcoin can be converted to Indian Rupees in numerous ways but mainly sorted down to three main ways. Through an Exchange: Transfer your bitcoin to a wallet that has been created through an exchange and then sell it to the exchange so that you get reimbursed by the exchange in Indian Rupees. https://youtu.be/NVa05txZWN0?list=PL5wy2I2JEJDWrmkmmrJZGb3SpPxCoylaw Through LocalBitcoins: … Continue reading Fast and Simple Methods for Conversion of Bitcoin to INR

GBTC and the Alternatives for Investment in Bitcoin

GBTC is not the best method for investing in Bitcoin. Nowadays, their premium is high. Basically, NAV (net asset value) is not very good these days which means people should avoid investing through GBTC at least until it comes to the better ratio. What is NAV? It is a very significant index for open-end mutual … Continue reading GBTC and the Alternatives for Investment in Bitcoin

Safety of the Investments in Bitcoin and Other Cryptocurrencies

Is it safe in which way? Short-term, long-term? Safe as not illegal? Safe as secure from hackers? Since I don’t know what you meant I’ll answer on all of these questions. Investing in Bitcoins always carries its risks, of course. I'll divide them in different risk types and explain them below. Market Risk: Just like … Continue reading Safety of the Investments in Bitcoin and Other Cryptocurrencies

The Difference Between Paytm and Bitcoin

Paytm is different than Bitcoin in a couple of ways. Going by a layperson’s view whose sole intention is to transfer value in the form of respective currencies within respective ecosystems, PayTM and Bitcoin are slightly different, however from technical standpoint, it is entirely different. Here are some of the major differences that arise with … Continue reading The Difference Between Paytm and Bitcoin

How to Buy, Use and Make Profit from Bitcoin

Bitcoin transaction fees are minimal, especially in comparison to regular credit cards and banks. Also, the global economy is unstable, while Bitcoin is mostly independent of that sort of oscillations. Either way, it's useful to diversify. Current trends of European economies set to decrease the sum of paper money in the regular flows and replace … Continue reading How to Buy, Use and Make Profit from Bitcoin

Effects of Losing Access to Bitcoin on Cryptocurrency Economy

In short-term - nothing. Long term impact exists, especially if we observe huge number of cases and not each one individually. So, what happens? Let’s start with facts: Number of Bitcoins is limited to 21 million (currently we have almost 17 million mined and in circulation) Every day, certain number of Bitcoins is lost due … Continue reading Effects of Losing Access to Bitcoin on Cryptocurrency Economy

Reliability of Bitcoin and How It Works

The mechanism behind Bitcoin's reliability is quite simple. Since entire Bitcoin network is a decentralized system, there is no chance for the complete breakdown. There is no chance for all blocks to stop. So, what happens? If it becomes unprofitable in some moment, there will be more mining potential. With any decrease, there will be … Continue reading Reliability of Bitcoin and How It Works

Is It Possible to Create a Private Blockchain on a Personal Computer?

Yes, you certainly can. There are numerous ways you can go about implementing this. I shall be listing 3 major ones. Using Bitcoin/Ethereum Protocol: Since both ethereum and Bitcoin are open source, you should be able to obtain their source code, tweak it in a way that it doesn’t attempt to sync with the Main … Continue reading Is It Possible to Create a Private Blockchain on a Personal Computer?

Is It Legal to Create a Cryptocurrency and Sell Premined Amounts of It?

Of course it is. There is no legally binding document that prevents two people from engaging in voluntary trade of assets for a price, as long as taxes are paid. Bitcoin underwent a similar situation.Majority of Bitcoin was premined by Satoshi Nakamoto and a couple of other miners that got early into the Bitcoin game. … Continue reading Is It Legal to Create a Cryptocurrency and Sell Premined Amounts of It?