Will bitcoin​ be regulated​? What other​ risks does it have?

What does Bitcoin's Wallet mean?

You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary system.

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Bitcoin wallets contain private keys; secret codes that allow you to spend your bitcoins.

In reality, it’s not bitcoins that need to be stored and secured, but the private keys that give you access to them.

Also read: Where I can Buy Bitcoins in India?

Follow me on Quora: Deepak’s Profile on Quora

How you can make Money from Bitcoins

What is Bitcoin?

A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Also read: Where I can Buy Bitcoins in India?

How I can make money from Bitcoin?

You can make money by

  1. Arbitrage: You can buy it on one Exchange at low price sell it on another where price is high. If you are in India you can use BitcoinRates.in to compare prices at all Bitcoin exchanges in India.
  2. Trade: Just hold the Bitcoins for few years, once you think its price might fall in a large amount, sell it. Once you realised that its price going to rise again in great extent, buy it again.
  3. Trade/Invest in other Cryptocurrency: You can transfer Bitcoins to your Trading accounts like Poloniex, Kraken, etc. and you can trade other virtual currencies. Here also you have to apply the same concept if you find that a currency will give you great returns in next few days or months or years, but it and holds it. Once your target it completes sell it.

Note: Popular wallets are Zebpay, Unocoin. Other Wallets are CoinSecure, CoinMama, Changelly, LocalBitcoins. etc

Also read: Where I can Buy Bitcoins in India?

Source: Bitcoin: An Introduction

Is Bitcoin Growth Fund a Scam?

No, it is not.

BitcoinGrowthFund (BGF) is the first blockchain based start-up fund for Venture Capital Industry has been able to raise more than USD 2.5 million successfully as a part of its initial coin offering (ICO). ICO is just like an ‘IPO’ where investors receive coins/tokens in-spite of shares in a company or fund.

Cons: All the investments are associated with several risk factors in BitcoinGrowthFund. There might be chances for the loss of investments.

Read more https://coinfunda.com/bitcoingro…

Source:

BitcoinGrowthFund issues initial coin offering worth $2 million

This is news article of The Times of India’s The Economics Times.

BitcoinGrowthFund raises ₹95 cr via initial coin offering

This is news Article from The Hindu’s Business Line.

Blockchain startup BitcoinGrowthFund raises $2.5 mn via ICO; aims for $32 mn

This is News article from MoneyControl

CoinMama: Buy Bitcoins with Credit Card
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Is Zebpay Wallet Safe?

Nothing is safe in the World. But, yeah you can store your Bitcoin in small amount, for large amounts you should use Hardware Wallets like Ledger, Trezor, Keepkey

The most advanced wallet is Ledger Blue – Hardware Wallet.

Now, coming to Zebpay, Unocoin, CoinSecure, CoinMama, Changelly, etc..

Yes, we can trust on it. I do trust on Zebpay along with 5 Million other users in India and I will suggest you to the same if the amount is small.


Note: If you haven’t created an account on Zebpay or Unocoin or CoinSecure, you can grab the following referral code

Referral Code of Zebpay: REF06568678

Referral Code of Unocoin: U213061

Coupon Code of Unocoin: TTA200
Referral Code of CoinSecure: A67aTLwo7PNiLBysAU9h