So I am from India and there are basically 3 sellers who currently sell Bitcoin in India.
a) UnoCoin
b) Coin Secure
C) ZebPay
When I checked their apps on Android, I read a few user reviews. Most of them were complaining of poor customer service. Also for security, Apps like ZebPay issue a 4 digit code. That is all "A 4 digit code?" I mean anyone can hack that. Also I wanted to buy and hold Bitcoins for 5 years plus, but ZebPay's terms and conditions stated that they suspend accounts that remain inactive for 6 months. That's scary. And, If I accidently delete my wallet all of my money is gone. Why is buying Bitcoin comes with Tons of Risk? Are there International site from where I can buy Bitcoin being in India?
So, I Decided I am better off investing in Equity Shares of the Indian Stock Market, for at least I can hold them safely in my Demat account.
Cant you create a wallet on https://blockchain.info and then send the bitcoins there? Youll hold your private keys for that Bitcoin wallet so its safe as long as it stays with you
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And try localbitcoins .. might be cheaper
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Alright
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Oh.. I need to check on that feature.. great advice.. maybe Id call up one of the sellers and ask them before I open an account with them. But I shall do that post 20th may.. as there is a strong rumor that bitcoin may get legalized in India by then. Also can you tell me can I open multiple accounts on BlockChain.info ? @kevinwong
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Buy the BTC on an exhange, then keep it on a hardware wallet. https://www.ledgerwallet.com/
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Thank you for the info :)
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Anything but cash. Bitcoin, gold, silver.
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How close are we to the collapse of fiat? Any timeframe?
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If I had a good answer to that, I'd probably be a very wealthy man. 😀
My guess though is sooner than many might think.
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Ah ok. Any what about equity investments? How does that gets effected with fiat in trouble?
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Just a guess of course, but it might make the 2008 collapse look tame.
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Oops
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Collapse of the century coming?
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meep
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Haha
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meep
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