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Posted
58 minutes ago, MRI said:

eppudu choodu gudi venaka naa saami kadhalu naduputu nenu patti vyaparam chesta antaavu.. haha 

Naa meda toseyyi 

Posted
12 hours ago, Anta Assamey said:

India to propose cryptocurrency ban, penalising miners, traders -source

63353b9f74edf5e4380a71d1a7e34043
 
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture
 
Aftab Ahmed and Nupur Anand
Sun, March 14, 2021, 4:48 PM
 
 

By Aftab Ahmed and Nupur Anand

NEW DELHI/MUMBAI (Reuters) - India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.

The bill, one of the world's strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.

 

The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency. But recent government comments had raised investors' hopes that the authorities might go easier on the booming market.

Instead, the bill would give holders of cryptocurrencies up to six months to liquidate, after which penalties will be levied, said the official, who asked not to be named as the contents of the bill are not public.

Officials are confident of getting the bill enacted into law as Prime Minister Narendra Modi's government holds a comfortable majority in parliament.

If the ban becomes law, India would be the first major economy to make holding cryptocurrency illegal. Even China, which has banned mining and trading, does not penalise possession.

The Finance Ministry did not immediately respond to an email seeking comment.

'GREED' OVER 'PANIC'

Bitcoin, the world's biggest cryptocurrency, hit a record high $60,000 on Saturday, nearly doubling in value this year as its acceptance for payments has increased with support from such high-profile backers as Tesla Inc CEO Elon Musk.

In India, despite government threats of a ban, transaction volumes are swelling and 8 million investors now hold 100 billion rupees ($1.4 billion) in crypto-investments, according to industry estimates. No official data is available.

"The money is multiplying rapidly every month and you don't want to be sitting on the sidelines," said Sumnesh Salodkar, a crypto-investor. "Even though people are panicking due to the potential ban, greed is driving these choices."

User registrations and money inflows at local crypto-exchange Bitbns are up 30-fold from a year ago, said Gaurav Dahake, its chief executive. Unocoin, one of India's oldest exchanges, added 20,000 users in January and February, despite worries of a ban.

ZebPay "did as much volume per day in February 2021 as we did in all of February 2020," said Vikram Rangala, the exchange's chief marketing officer.

Top Indian officials have called cryptocurrency a "Ponzi scheme", but Finance Minister Nirmala Sitharaman this month eased some investor concerns.

"I can only give you this clue that we are not closing our minds, we are looking at ways in which experiments can happen in the digital world and cryptocurrency," she told CNBC-TV18. "There will be a very calibrated position taken."

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.

"We don't have a problem with technology. There's no harm in harnessing the technology," said the official, adding the government's moves would be "calibrated" in the extent of the penalties on those who did not liquidate crypto-assets within the law's grace period.

JAIL TERMS?

A government panel in 2019 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.

In March 2020, India's Supreme Court struck down a 2018 order by the central bank forbidding banks from dealing in cryptocurrencies, prompting investors to pile into the market. 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. At the same time, the central bank has been working on launching its own digital currency, a step the government's bill will also encourage, said the official.

Despite the market euphoria, investors are aware that the boom could be in danger.

"If the ban is official we have to comply," Naimish Sanghvi, who started betting on digital currencies in the last year, told Reuters, referring to existing concerns about a potential ban. "Until then, I'd rather stack up and run with the market than panic and sell."

 

https://finance.yahoo.com/news/india-propose-cryptocurrency-ban-penalising-234811185.html

Not shutting all options on cryptocurrency, says Finance Minister Nirmala Sitharaman at India Today Conclave

https://www.indiatoday.in/business/story/not-shutting-all-options-on-cryptocurrency-says-finance-minister-nirmala-sitharaman-at-india-today-conclave-1779328-2021-03-15

Posted

Red gaa end avuthadi emo

Posted
17 hours ago, pandemkodi said:

Yup I sold tsla 2021 Jan 1000 call for 1000 profit missed 190k so many 

Tesla is overvalued bro.. 

Posted

Manchi options hedging strategies unte cheppandi vay.. to make some money.. naked positions lo baga bookable padutundi..

Posted
1 hour ago, quickgun_murugun said:

Tesla is overvalued bro.. 

not now when it was presplit 700 

Posted
1 hour ago, nokia123 said:

ban chesthunra...ledha...clarity....kavala maaku

may be just giving warnings to big players in India...

at some point all govts all over the world have to take a call what to do with cyrpto. some may embrace with light regulation some with heavy.

That will be testing time for bitcoin with super high volatility 

Posted
4 hours ago, AndhraneedSCS said:

ADBE konukkovacha?

 

@Spartan

@AndhraneedSCS  its always a good stock..market lo padindi kaani..

500 easy...

i entered it last year in 300s....still holding..no plans to sell.

Posted

Guys, I have a question on covered call options

I bought 100 AAPL stocks at $129 for long term investment, after that value started coming down, no confidence & money to avg it, instead sold AAPL $140 21 May 21 call 100 for $255, is it a good strategy to min losses?  If AAPL reaches $145 by the exp date, then I will be selling my 100 stocks for $140 if the buyer executes it right? what if buyer doesn't execute by the exp date, will there be this kind of situations? 

I am beginner to options, I am kind of long term passive investor. 

 

Posted
33 minutes ago, killbillpandey123 said:

Guys, I have a question on covered call options

I bought 100 AAPL stocks at $129 for long term investment, after that value started coming down, no confidence & money to avg it, instead sold AAPL $140 21 May 21 call 100 for $255, is it a good strategy to min losses?  If AAPL reaches $145 by the exp date, then I will be selling my 100 stocks for $140 if the buyer executes it right? what if buyer doesn't execute by the exp date, will there be this kind of situations? 

I am beginner to options, I am kind of long term passive investor. 

 

naku telisi evvaru call options exercise cheyyaru, as they can simply sell it and make even more money.

 

Anyways, if someone exercise their call option, you can always buy and sell the same call option and make some money in the process.

 

Also, they can't exercise the option unless apple is at or above $140.

 

 

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