RE: $1.60 Steem? My powerdown experiment may end long before planned!

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$1.60 Steem? My powerdown experiment may end long before planned!

in steemit •  7 years ago 

I see a lot of people here are bullish on Steem's price and throw a random high number for it.
I Did the same ;)

It's what we all do ;>

One day at a time; build your network; create content that people want...oh yes, photos do very well here!

Cash out now and again and enjoy something pleasant!

steemit
7 years ago by

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      ·  7 years ago 

    I'd cash out when

    a) Crypto becomes legal in India

    b) Cashing out is simplified

    ....at what price is not an issue with me ;)

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      ·  7 years ago 

    oh, that's right. IIRC, they have also started pulling larger currency notes out of circulation there.

    once the bankers find a stable way to squeeze out "their share", I think India will regulate BTC and allow it's use.

    India is too big to pop across the border to a more convenient country everytime you want to cash out

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        ·  7 years ago (edited)

      Haha

      . Yes its better to cash out in the home country, international travel is expensive ;)

      By the way here is a link where our Prime Minister has invited comments on whether to legalise or not, virtual currencies in India.

      https://www.mygov.in/group-issue/commentssuggestions-invited-existing-virtual-currencies-framework/

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        ·  7 years ago 

      I understand the possibility for cybercriminals and terrorists to use crypto (one area I study, in fact), but governments should focus on rooting out cybercriminals and terrorists, not interfering in the private lives of their citizens ;>

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          ·  7 years ago (edited)

        Yes.. I totally agree. Bitcoin is neither legal nor illegal in India. The Coin Companies here are already asking for Identity verification to buy Bitcoin. If and when India legalizes crypto currency, it would be made mandatory to disclose identity to keep check on misuse.

        Lets see.

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