8 best cryptocurrency to have in 2018

The senior official told Reuters, however, that the plan is to ban private crypto-assets while promoting blockchain - a secure database technology that is the backbone for virtual currencies but also a system that experts say could revolutionise international transactions.

A government panel in recommended jail of up to 10 years on people who mine, generate, hold, sell, transfer, dispose of, issue or deal in cryptocurrencies. The official declined to say whether the new bill includes jail terms as well as fines, or offer further details but said the discussions were in their final stages.

The court ordered the government to take a position and draft a law on the matter. The Reserve Bank of India voiced its concern again last month, citing what it said were risks to financial stability from cryptocurrencies. Despite the market euphoria, investors are aware that the boom could be in danger.

Financial Regulatory Forum Updated. We had a client whose Bitcoin wallet was fraudulently accessed and all the money was transferred out of it. He had intended to use it as a deposit on a house. The man had been spooked by reports of fluctuations in the currency and decided to check his wallet.

But he clicked on a fraudulent link, which led him to a phishing site, a complete clone of the real thing. He had 84 bitcoins, and the fraudsters transferred 83 of them. While the final identity of the fraudsters could not be identified, we were able to have the wallets frozen, so at least denying access to the stolen funds.

Our client was irate but philosophical. Javed Khan, independent trader. My Bitcoin journey didn't start as an investment. At first, it was a form of transferring money, I didn't have to wait for confirmation from banks and so on - it was convenient. In , I noticed I'd make a transfer, leave some Bitcoin in my wallet and I'd see the prices go up - and before I knew it I was seeing profit, which surprised me. I had been telling my friends I was using it as a transfer tool, I hadn't thought about investing in it.

I sent a video from the showroom to my mum and she cried, she was really proud. I would only put in money that I could afford to lose. The most I've lost is the transaction fees - when the price drops I don't lose faith.

I think the best time to buy Bitcoin is when nobody's talking about it - wait for the hype to die down. Rohan Muscat, project manager and electrical engineer. I became aware of Bitcoin in , but being a bit of a hardware geek, I wanted to mine it. In late I bought a pair of graphics cards to mine, and at first I did pretty well with it. I decided to trade it a bit, and investigated bots while moving to bigger scale mining. At first it paid for itself, but then it went downhill and was borderline break-even.

I could have made more if I'd jumped in and out, but the emotions and risks in trading have burnt me, and I'd rather not take the risk. Daniel Crocker, business owner. In , I was doing an apprenticeship at an IT company. At lunchtime we used to chat about little ways of making money on the side.

Nobody had really heard of Bitcoin but we decided to give it a go and we spent a few weeks on it. It didn't last long, but luckily I kept hold of mine.

Have removed 0.0174847 btc sorry

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