That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.

I think in most developed, or for that matter, developing countries, it would not be possible to earn from this forum enough to make a living. For that, and I'm talking if you only use signature campaigns, you'd have to spam, which risks you getting banned. If you try out many other freelance jobs on the forum then maybe that would give a decent income, but its difficult to continuously find jobs that fit your niche. Also, a lot signature campaigns end (run only for a limited period of time), so its pretty hard to make a continuous income.

I think you may have misinterpreted it mate, its not a full on ban, which is unlike what China has done multiple times. Its just a ban on converting the BTC to Indian Fiat currency, probably because the government is worried about the fact that the Indian market might collapse under the shadow of BTC's highly volatile market, by influencing it too much. This is a fairly likely scenario, because, as a developing country with an enormous population, BTC has had an enormous influence on the population.
And its not a full ban in the sense that we can actually still earn, get, exchange cryptos, just cant convert it to fiat, as RBI regulated entities, which basically means every bank, will have to stop dealing in cryptos. So we can still hold our cryptos and pay for stuff using it online, as long as bank intervention isnt required.
However the government is partially contradicting their own actions, by again testing a crypto of their own, which they may just impose upon us later in time. This is what is annoying most of the population now.

Probably yes. If you have any amount of bitcoin more than what you can afford to lose, and keep it on a desktop, well thats where you make the mistake (Online wallets are out of the question, I hope you know that they are too insecure, due to the fact that there may be many vulnerabilities in their servers and the customer cannot do anything much to prevent theft of money in those cases). Any large amount of BTC (the word large is relative, what might be large for me, may be less for you) must be kept in a cold storage. Even if keeping a small amount of bitcoins on your computer of daily use, just for the sake of ease of usability, its extremely essential to always keep security maximized, and the computer needs to be always kept malware-free.

Due to the security of the blockchain structure, most attacks are exploits found within the already existing architecture of the system, that allow it to remotely send data over networks, even in some cases, secured ones. So the most exploitable link in the chain is the end user. The best practice would be to split up your funds, definitely invest in a hardware wallet, secure and good ones like Trezor or the Ledger Nano S, use cold storage, and ALWAYS backup your private keys.

https://bitcointalk.org/index.php?topic=2568226.msg35636379#msg35636379
https://bitcointalk.org/index.php?topic=2440917.msg35719835#msg35719835
Would appreciate its review.

Thanks
Alex

It seems the threads I posted on have been deleted. Sorry, I will post in better ones and get back to you soon.

See, you have mainly two options there, and as you said, banks already dont help much. If I were you, I would go with the more secure option, which is definitely bitcoin. Interceptions are impossible, and money is non reversible, and people can really thus veer away from deals at the last minute, once its done its done, and if both parties donot consent, it cannot be undone. Also, transactions are anonymous, faster and less transaction fees are required, atleast if you're not in a huge hurry to transact, where it becomes a problem sometimes, but the Lightning network is said to be able to overcome it.

Is is already as widely and easily usable as the traditional fiat that we use today? No. But will it be soon? Definitely Yes! Just think, paper currency has been around for hundreds of years, and even before that people used to barter, exchange stuff. This concept of cryptocurrency has just been up for 9 years, and its already a huge craze. So definitely it will catch up with fiat in the foreseeable future.

I dont really think that its the case anymore. You see, using almost any modern wallet nowadays we can adjust fees according to the urgency of our transactions, and I do transact small amounts, but the fees isnt anything too high for me, after customizing it in my Electrum wallet. Transactions are also fast enough, and after the implementation of the Lightning network, it is said that all these problems are going to be solved.

Bitcoin is a growing technology still, developing and changing, its dynamic and changing, evolving. There are gonna be flaws, but they are being fized, and new measures are being implemented as we speak. Just have the patience to wait for it.

Yes, correct.
1% isnt possible every day. A one time successful speculation in a unstable crypto market might lead to somewhat of a high income, but an annual return of 3700% or 370%, just by trading like that, and earning 1% every day for all time without fail isnt possible.

You cannot aim for an absolute percent increase just like that, you need to depend on your skills, and your capital is a very big factor when you consider %, because 1% of a less capital might be easily achievable, but 1% of a large capital without fail is definitely not possible to earn.

https://bitcointalk.org/index.php?topic=3102073.msg35164115#msg35164115
https://bitcointalk.org/index.php?topic=2757741.msg35168800#msg35168800

Would appreciate your reviews.

Thanks
Alex

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I live in India, and its not banned here. It was just announced that RBI-controlled entities, that are basically banks, should not deal in bitcoin anymore. It just means that we cannot convert out BTC to INR. Thats just it. What it doesnt mean, is that BTC is banned in India. It was clear that holders could still hold and use bitcoin, just couldnt convert it to INR anymore. Just stop posting all these FUD, it just dampens the spirit, and hurts bitcoin as the support level gets hurt after seeing this stuff.

Yes, economists are predicting bitcoin to surge in this year itself, bottoming sometime in April, and the spiking for a while, and coming back down to ~$10k. That would be higher than the current $6k-$7k we are running at. I think a stable bitcoin at $10k, with minimal increase would be good for this year, as in the past year it spiked too much, thus becoming unstable and atlast plummeting too much. Staying at a certain price is the key to stability.

No it isnt. if bitcoin had been losing its popularity, do you think it would be on the news half as often as it is currently? Its just that during the downtrend, people are just dumping in panic, thats whats causing increasing depreciation of price. Also, the surge in altcoins in the past year and half, and most of them being scams, has lead to the general opinion among the 'non-bitcoin' public that bitcoin is itself a scam/ponzi, and one should never go into using it. This has just prevented some people from joining in, but never reduced the already strong belief that is existing in the community, that is mostly BitcoinTalk.org

The most impressive thing for me about bitcoin is just to how much extent it can be customized, and how much easy it is to use. The simplicity alone makes it worth using. Its transactions speeds, the peer to peer validation process of the blockchain is fascinating too. The way bitcoin, or rather the blockchain tech can enhance cyber security is pretty cool.
Also, bitcoin transaction fees are configurable depending upon the urgency of the transaction, and this makes it really easy for me to send out small transactions, since thats what I do mostly.

Currently, I donot have much bitcoins to actually justify buying a hardware wallet. Its just signature campaign earnings and small transactions, buying small stuff here and there, that kind of thing. Electrum, on a pretty tightly secure computer works more than fine for me, and it even allows me to customize many things to the finest bit, like transaction fees and stuff.
If you have a lot of bitcoins, that you do not want to lose/cannot afford to lose, thats the time when you have to go to the hassle of storing them on a paper wallet, buying a hardware wallet or using cold storage. These methods are pretty inconvenient, atleast for my tastes, as they have tremendous amounts of security, and its just a lot of awkwardness navigating through all of that security, but its a must for any big amount youre keeping.

Bitcoin can be considered the democracy of all currencies. You see, with bitcoin, we dont really need to trust any other third party like banks to keep our money safe, it is as safe as we want to to be. No need to go through all the formalities before completing a single transaction, just seamless, fast transactions from anywhere, without any time limits. Also, anonymous transactions will enhance privacy, which is becoming more scarce in the world by the day. For me, it just helps me to maintain a peace of mind, having the realization that I was one of the early adopters of the soon to be universal currency, the next big thing

Definitely, I think BTC will go a long way in terms of payment systems. Lightning network accounts for less expensive, faster transactions, and using BTC we can transact from anywhere to any place in the world, no matter how far, across any distances, and most importantly, according to me anyways, without any formalities that we have to face many times nowadays when encashing cheques in banks. I think, just a bit more of internet "universalization" in the developing and under developed countries, and bitcoin could work wonders as a global payment system.

No it wont. There is too strong a community behind BTC, as its backbone, for it to fail just yet. Sure, the economists were considering as huge a dip as the 2013 one, which would have lasted for maybe upto 1.5 years, but now instead of a dip, they have seen patterns similar to a bounce back, almost similar to that of 2014. Bitcoin is now expected to bottom in this April, adn eventually rise a huge amount, spiking, and then lowering back down to $10k, still higher than the current exchange rates. Sure, bitcoin could fail anytime, but it wont atleast fail completely in the near future.

The banks are already afraid of bitcoin, due to the fact that it might soon make them obsolete. Banks have already seen what the blockchain can do, and with bitcoin into the play, their industry of capitalization might just be rattled. They wont be able to charge us enormous interest rates, and we all would just be using bitcoins, money for the people, by the people, of the people. For now, banks just will be  wary of BTC's rise, as mass adoption rates arent too high, but in the near future, they should be afraid I guess...