Litecoin the stuck currency

Lite coin is what today was not yesterday , it has created the situation  for the people like they want to sell but their mind is not accepting it. Some wants to buy but their mind is telling that the price is going to fall more.

During this period all coins were performing like a king of their own zone. Bitcoin reaches to its maximum height of INR 14lac  equivalent to $19,556 / BTC. this is the all time highest rice of bitcoin. After this high jump and roller coaster ride major announcement and changes occurred in the whole world.

But litecoin has stuck on the market for last 25 days ever since Mr -----(founder) sold the entire litecoin. cryptocurrency market has become very cautious of LTC . Although this coin has always been considered the no. 1 Altcoin amongst though recent changes were not very favorable with this
coin.

Mr ---(founder) sold / distributed his coin and gave a very innocent statement that , he has become very famous all over the world and since he is  the founder of litecoin  his statement becomes a news and very sensitive that litecoin get affected quickly. Dear your comment was not  hurting as much as its now because you are the founder and sold your own holding. This act affected the market so much that Litecoin just stuck around $230-280  . This is the very reason that ltc has stuck . although it has rised very sharply and jumped in the begining of this month though this incidnt pulled backed the leg of this rising star.

Whatever the reason is market still relies on the capabilities of LTC . The investor and trader are very much optimistc of this coin , and very soon it will run like a bull . This bearish period can be interpreted as price consilidation period. And the trend suggest that it will move in happy new coin year...2018

Mr. Desai’s wife (Short story ) (2 minute read)

MR. Desai used to leave in the same apartment at the same floor, in fact besides my room .He was 40 years old, a man with white complexion having curly black hair .I never met with him, may be due to lack of time or maybe I never took an initiative or he never approached, whatever, we were still strangers to each other.

We both were office goer i.e. leaving our home almost one after another and reaching to home at late night. 

He was a very happy living man who loves his wife too much.  I never ever heard  them quarreling to each other , but  sometimes I heard scolding his wife ,it was very rare and that "too" was in the interest of that lady. He was always talking with her , telling her the details of the whole day .She was so lucky that she got a man  like him  who cares a lot .

I was listening to this conversation for approax 6 months .I was new to this apartment in comparison with Mr. Desai, but enjoying them as a neighouber since beginning.

One night at the time of dinner, he shouted in a high pitch on his wife, it was a very unusual behavior of him, but there was no reaction of her, she was quite . She didn't  say anything though Mr Desai was literally yelling at her.  All of a sudden I realized that I never heard her wife’s voice since I came to live in the apartment, in fact I have never bothered. 

Next morning I went to the guard and asked about him, he told me that that man was never married .I was shocked and got frightened after listening to him. It was total creepy. A man who was talking alone in the house was residing besides my flat. 

 That very day in the evening I decided to go to Mr. Desai’s flat. I rang the bell for 10 times then he opened the door .I saw him for the first time , a middle aged man .He was looking a bit tense, because I knocked his door  for the first time since I owned this appartment. 

“Hello! Mr. Desai, I am your neighbour (I smiled and pointed at my flat ) I need some sugar,  actually yesterday I forget to bought from the market , will you please, give me”. He moved to the kitchen without speaking a single word. The house seemed to me very quite. Only few furniture were visible from the gate.  I entered my half of the body in the room and started searching his wife as if she had been hiding for me . He comes to me with a teaspoonful of sugar.

“ Thanks for the sugar Mr. Desai where’s your wife, won’t you like to introduce with me ’’.

 He looked at me very deeply; I could feel his eyes on my face .It was very weird. He didn’t speak just raised his index finger in the corner .There was a 5 foot rubber doll of a girl wearing just a few clothes on her body. 

Author: Satyam kirti

Why BTC price is falling ? Bitcoin from $19556 to $14000 main reason

Bitcoin  is what today was not yesterday , it has created the situation  for the people like they want to sell but their mind is not accepting it. Some wants to buy but their mind is telling that the price is going to fall more.

Now the  thing is that why the whole cryptocurrency market is shrinking like a punctured tube ? why its not going up ? is the bitcoin bubble really burst ? is cryptomarket ever going to recover the loss?

Basically this topic is the analysis of these questions. The current situation of these market trend is called the bearish trend . this is the very obvious thing of the share market that generally happens when the market once reached to its maximum height.

Starting of the  December 2017 was a bullish trend of the cryptocurrency market. During this period all coins were performiing like a king of their own zoner. Bitcoin reaches to its maximum height of INR 14lac  equivalent to $19,556 / BTC. this is the all time highest rice of bitcoin. After this high jump and roller-coaster ride , major announcement and changes occurred in the whole world.


1. Price consolidation

 As we are well aware that in early November it was around $8000/BTC and now its going back there this trend is nothing but the bearish trend . Every rise is followed by the low. As per on of the bitcoin expert this is called the price correction resulted by the bull run. .
(Bearish means when the price of the stock goes down and Bullish means when the price rises up)

whenever the price of certain stock rises up too much it will once fall rapidly and at the certain point will stop , at this certain point it will consolidate with the price and fixes its average price which is always more than the lowest price but less than the highest price.

For eg. : - 1BTC was costing $7500 in November. Now in December it rises unto $19,556 which was the highest price. Now the bitcoin started falling and will stop at a certain point , where the price will be more than $7500 but less than $19,556 its called the price consolidation.


2. High fees 

This is regarded as the key reason of its falling during past 12 month the transaction fees of per BTC has increased to $40 per transaction , making it the costlier than the wire transaction of some of the biggest bank of USA.

3. US future listing

CME group made an announcement of listing of BTC for future based trading made a significant role and the price rises up to 65% since then . Now the surges occurred due to possible inflow of yield hungry institutional investors in the market.

4. Trying to regulate 

The world government suddenly get worried about the sudden rise of the bitcoin price. They started to launch the raid and making new policies.

In December 2017 , Income Tax department of INDIA conducted a raid on nine cryptocurrency exchange. Similary South Korea made an announcement of high tax levy on income earned on trading and holding of Bitcoin or any cryptocurrency.

5. Fraud in Cryptocurrency 


Due to high farud cases recording this year many investor lost their money and cryptocurrecy  its  credit

read more : Recent cryptocurrency fraud all over the world and in INDIA


Author : satyam kirti

Recent cryptocurrency fraud all over the world and India (1 min read)

Cryptocurrency has become one of the most sought topics all around the world.  Year 2017  will always be remembered in the world of virtual currency. a lot of hue and cry made by almost countries and central regulatory authorities. Besides, Bitcoin "the boss of all virtual currency" jumped on the moon and made realized the world that government should think on it.

Cryptocurrency is generally treated as unregulated currency unlike other domestic currency which is regularized by the central bank . There is no any central authority to control this currency.

                        Do the Government should regulate Cryptocurrency ?                                                               OrDo Cryptocurrency really need an authority to be regulated?

this question has become really significant to all the investors , traders, and believers of cryptocurrency. There is a very clear concept that if a group of people doesn't have its own leader than there could create a great chaos among'st them at any point of them . Why this could happen? because each people in this type of group will behave himself as a leader or will try to dominate the group ,thus resulting into chaos.

the current scenario regarding these currencies are indicating the same thing . After the launch of Bitcoin in 2009, many coins are launched and minimum one currency  or ICO (initial coin offering) are  being launched everyday. since Billions of dollar is on the stake and these currencies / exchanges are not ready to look after the investor money nor ready to take responsible and available to answer. 

This situation has created a serious issues regarding an investor protection right. Nowadays people are trading , investing at their own risk , they are enjoying till the profit is generated and as soon as the fund is blocked or coins been hacked by crooks , the people start the government to take action against them . Now in this case how any government can take action if it himself has no any control on whats going on there. 

                                                                                                                         Picture Credit :  India TV

A very recent news from INDIA came on 15th December 2017 , when a cryptocurrency website Kashhcoin.net and named a fictitious currency Kashcoin . They asked their users to add their family members, relative and friends in the chain to give them profit. This website used the technique of multilevel marketing in  this cryptocurrency fraud. People from Delhi, Haryana and part of the country lost their money lately  crime branch arrested these crooks . The accused named Narendra Dhaiya is a jaat community member hails from Sonipat, Haryana. Rest of eight members are on the spotlight of the police, sooner or later they will be behind the bars. 

named KASHHCOIN   busted for fraud  $7.79M . A gang of crooks has launched a website named

On  18th December 2017 one of the leading exchange of India issued a notification that , some people are using the name of Unicoin and asking people to deposit amount and promising to sell the  I-phone 8, whereas Unicoin which is backed by funding is the exchange which deals only in the trading and not the product selling.

                                                                                                                                        pic: south korea

On 22 November 2017 South Korean police busted $38 Million bitcoin Ponzi Scam  .A group of seven people were running a Ponzi Scam  on a large scale. They were targeting mainly middle aged new investors who were totally unaware of bitcoin . It promised investors to pay out 180% profit regularly if they invest using bitcoin .Thus these scammers cheat over 3900 people. 

A Trader from Australia looses his AU$1600 in a Bitcoin scam. Victim claimed that scammers somehow controlled the google search result for his trading site. This way they accessed his real trading account and subsequently stole hi money from his account. Although this victim was a trader of  cryptocurrency for five years , it was only a week after the incident this victim get into the contact with the website support. They hacked his account and stole his AU$ 1600

These incidents are really giving a sign  to do something . Now the people should understand that any thing that is decentralized and uncontrollable can't exist for a long period of time. The time has come that the government should take a concrete step to take over the charge of these currencies and prevent from scamming .

If the scamming game will increase very soon these cryptocurrencies  will loose their credit from the market and people. Thus whoever is talking about the virtual currency is the revolution will end up scam currencies.

Author :  Satyam Kirti 

The Bus Stop (short story) 30 seconds read

It was a cold and dusky evening of December. The environment was coated with a thick white fog. Roads were busy with cars and buses. The People were in hurry to reach their respective homes.  

 He saw her at a bus stop. She has innocent face, brown eyes, red lips and very fair color. She was wearing black jacket with blue jeans and holding a hand bag. She was an extremely beautiful and attractive young girl.

   
He got mesmerized by her look in no time.  In fact everything of her was so pretty and lovely that his heart beat increased and felt   as if something   is  pulling towards her like a magnet. He found himself very attached and familiar with her although never ever seen before. He fall in love with her. It was a love of first sight.

The bus came, she boarded, he remained there staring at her and lastly the bus, till it vanished in smog. The cold wind was blowing slowly . The yellow light of street bulb was   creating a magic. He was standing motionlessly. 

It passed 20 years of that incident, now he is at his 50’s. He got retired from his job and now living in the tiny apartment of two bedroom flat. His dull eyes and wrinkled face  reflects his age. He still come to the bus stop in hope of her glimpse, but unfortunately never saw her again afterwards. 

.Author : Satyam kirti

Why LTC (litecoin) price is going down

LTC (Litecoin) is the new Bitcoin champion

LTC is showing very significant growth during one month.On 9th dec 2017 it was selling at INR Rs 10300-/    equivalent to $159.75.

whereas on 11th Dec 2017 it jumped at Rs 27500/- equivalent to $ 420 per LTC till evening.

Its been 10 days since the price hiked, and the notable point is that during this period ltc has been hoavering between INR 20k to INR 24k  . This trend shows that the near future of 2018 is going to be LTC coin. Though LTC has managed to jumped from move from INR 10k  and setteled down on avereage price of INR 23K. 

Now one can imagine that this is the very coin which is giving investor a roller coaster ride. 

I am trading in cryptocurrency for past couple of years, and very much optimistic about this coin. One can book a significant profit margin on daily basis. As compare to the Ethreum this coin is doing better.  

while BTC is up by 2000% this LTC coin is up by 4000%. what else you need in the coin. This is a really hot coin amongst most investor list as it is sure going to give huge buck in 2018. 

Soon LTC is going to surpass Ethreum. In India the LTC has become a darling coin of 12th Dec 2018. Investor interest is quite high .

If you want to know more about the super Hot coins to buy and hold for 2018. You can click on the link :      Top Coins 2018

               You tube 

Author : satyam Kirti

Best 7 cryptocurrencies of 2018

   Ethreum: Its the darling coin of the market . Since its first release in 30 july 2015, its showing great growth rate in the market.

It got seperated in 2016 as a Ethreum and Ethreum classic. 

The market cap of Ethreum is $ 45.41 B.

Its the leading blockchain platform ICO (Initial coin offering projects) as of 2017 that holds of 50% market share

Currently its dancing @$478 (Rs33000-/on indian exchange)

I see this currency as the second bitcoin. this coin can perform very big in 2018.

Litecoin : Another roaring currency after Ethreum. Litecoin is very similar to Bitcoin (Boss of cryptocurrency), although its not like bitcoin. Litecoin has almost zero payment cost , this makes it unique than BTC. It was released in oct.2011. Market cap has reached $ 8.96 B  in 2017 and the trading price is $165 (Rs11500/-) Till November 2017 it has jumped over 3000%.

trend shows that it can reach a height in 2018.

 Dash : it is said to be the most most user friendly and the most on chain scalable cryptocurrency in the world. It currently offers instant transcation , private transcation and a self governing and self funding model that  enables the Dash network to pay individuals and businesses to perform work that adds value to the network . It was launched in 2014 as Darkcoin but re branded in 2015 as Dash . This Cryptocurreency has  also been backed by the investor funds. Currecnt market cap is $5.59B. this currency is also performing very well on the exchanges and is on the top10 list.current market price is $ 735/ dash. This makes it a dashing coin of 2018.

IOTA : The main innovation behind IOTA is the Tangle. It uses a directed acyclic graph(DAG), instead of blockchain . IOTA Dag is called Tangle. IOTA cant be mined so it cant be created anymore.It was introduced in 2016 and got funded too. Current market cap is $11.81 B . It is the rising star of crypworld. 

Bitcoin Cash : Hard fork occurred in 2017 of Bitcoin this resulted in bitcoin cash. It should be noted that Bitcoin wallet address and Bitcoin cash address is a different now , so it must be unique address for Bitcoin cash. Soon after launch many cryptocurrency exchange started to accept it. Market cap of BTC cash is $ 23.3 B  and the rate is $1383/-. This currency is going to make it in 2018.

Monero : Its an open source cryptocurrency created in 2014. 

it uses public ledger to record transaction while new coins are created after mining. It is based on cryptonote protocol which is different from bitcoin. Current marekt rate is $263.54. this currency will definetly going to give more next year. 

Ripple (XRP) : XRP is the native currency of the Ripple network that only exists within the Ripple system.  Its a RTGS , currency exchange, and remittance network. It was actually release in 2012 but made a stable release in 2017. Its been used by many company as well american bank. Bank relies more on ripple technique over Bitcoin as its secure and very cheap as compared to other network.

It got virtual currency liecence in 2016 making it 4th company with Bitlicence. Since XRP is built into ripple protocol so requires no mining. 

SBI holding(Japan) has partnered with HUOBI to launch a crypto exchange in 2018.

Current market price is $0.250165 . Its good to hold for 2018 high jump.

Click here to watch 

author : Satyam Kirti

Unfaithful (A short story)

She screamed on her husband as if she will swallow him like a strawberry .

“ I spent my 20 years of life with you ,but  still you are unfaithful to me , who was that girl in your office”

“ Please ,calm down dear , allow me to clarify for god sake” he tried to convince her

“ I don’t need your clarification regarding that whore” she was still burning inside.

He slapped her ! yes, he slapped  his wife with whom he spent his 20 year’s of life, he slapped to that lady who is the mother of his child . He slapped her bluntly, just for a girl , who hardly had any importance in their life..

“ She is not a whore; she is my best friend’s  daughter, who died in an accident recently , so I kept her in my office. she is like my daughter ”Husband sat on the chair closing his eyes. His heart was  pumping.

“ if she is like your daughter, then what’s this”

There was a photo in her hand in which he was lying naked with that girl on a padded bed in the glossy light.

Author : Satyam kirti

Is Bitcoin going to Ban in INDIA

RESERVE BANK OF INDIA WARNS ON BITCOIN

RBI warns on the possible risk that involved in the Bitcoin .It is the third time since 24 December 2013 reserve Bank of India has issued a statement on the possible risk involved in the trading of bitcoin and all the similar virtual currency (VCs). 

According to RBI trading in bitcoin and virtual currency is risky as there is no any central regulatory authority  of VCs . since the money is stored electronically there is possible threat of cyber scam and hacking.

As per RBI since  Bitcoin has no any central control neither do have any authorize exchanges in India so trading in these currency is totally risky and loss of money can't be claimed either.  Trading , creating and using in the VCs and bitcoin is not authorized neither recognized by the RBI. 

similar warning has been issued in February 2017 . It is important to note that RBI has not given any licence or  authorization to any entities to deal with virtual currencies including the much hyped bitcoin. 

In India the price of Bitcoin is roaring like a lion in the jungle. The highest price on  one of india's largest exchange Zebpay was recorded as on 7th DEC 2017

buy rate : - 1 bitcoin =  Rs 10,56,500-/

sell rate : - 1 bitcoin =  Rs 10,20,106-/

Now the point is that, is Bitcoin  really a scam or a scary currency? ,  or it is the possible threat to the real currency of the country , which is gaining the popularity day by day.If the currency is not good for the economy and the chances of fraud is very prevalent then  why the government has not stopped the exchanges or taken any concrete step .

Is really RBI worried about the public interest or worried about that people could stop using India's own currency gradually. or is RBI is scared to the popularity of the virtual currency . 

Whatever  the thing is , its the fact of the modern time that bitcoin is the top currency on the planet earth . No currency has ever reached this price hike till date. Indian government is still thinking to regulate this currency whereas some countries have recognized it as well.   Trading on bitcoin is risky and should people trade in it? , its the question  that has no proper answer till date.

Author : Satyam kirti

   

best bitcoin mining android app 2017

created by : satyam kirti

The Reflection (Short Story)

The Reflection 

I spent my 30 years of life with my wife. She was a beautiful mind. Her first step in my house was like a meeting with deity in a dream. She nurtured and nourished my family, gave me strength in every adverse situation. She was a motivation for my life. We were a perfect couple.

You know, love becomes perfect when a couple not only love with each other all the time but have a fight too occasionally.

Fighting with your partner is not always a bad thing rather it makes you love her more than ever, because you come to know certain things about each other during discussion, and that certain things sometimes amazed you that you would have never ever come to know if the fight had not happened, and this is the thing that bounds you with  your partner more.

We were fighting with each other almost every alternative day. This was sometimes too irritating, because I was a very busy person and always busy with the stuff. While my wife was a homemaker.

 I can remember an incident when we were fighting for something, then during fight she said very sadly “you will miss me too much, when I will go forever, then you will cry like a child, but I will not be available there with you to wipe your tears. Then you will realize it. “

I have two children with her, both are daughters. Elder one is 27 years old and younger one is 20 years old.It is a marriage ceremony of my eldest daughter today. I entered in her room to take her to the marriage hall. She turned towards me and I surprised and astounded.

She is exactly reflecting her mother, my wife. I never saw my daughter like this before.   It gave me an impression that she is here, my beloved wife is here, standing right in front of me. The same innocent look, brown hair, black eyes, everything is in front of me, my heart started pounding   and all of a sudden I felt that the time has revolved and I am in my past.

link : - THE MAROON BENCH (2 Min Read Love Story )

But it was not true, rather an illusion. It’s not her; it’s my daughter, our daughter, our first child. Today I realized that how lonely, how solitary I am, without her. 

How the thing has changed since her demise. I sat silently on the chair and closed my eyes.

Her beautiful face came in front of me, but she is not here, even on the wedding of our first child; she left me single, she left this world.

My eyes started pouring tears like water flows in the river.I am crying like a child today, missing her, too much in grief. But she is not here, to wipe my tears...

Read More emotional , heart touching story

http://satyamkirti.com/category/short-stories/ 

Mr. Desai’s Wife (Short Story ) (2 Minute Read)

http://satyamkirti.com/category/short-stories/

Author : Satyam kirti

what is Blockchain

What is blockchain?

Blockchain is like an open distributed ledger which records the transaction between two parties efficiently and in a verifiable and permanent way. Blockchain was first conceptualize by anonymous person or group known as Satoshi Nakamoto. Invention of blockchain was totally inspired by Bitcoin. It was implemented in 2009 by  Satoshi Nakamoto.  as a core component Bitcoin where it serve as the public ledger for all transactions.

It's totally decentralized means it eliminates the risk that come with data being held centrally.
In the system of Bitcoin when two distinct sets try to govern the system then blockchain splits into two separate chains which is commonly known as Hard forks.
Bitcoin blockchain is protected by the massive group mining effort.

Interesting Facts : 

(1) IBM partnered with ASCAP and PRS for music to adopt blockchain Technology in music industry.

(2) Visa payment systems master Card,  union pay and Swift are planning to use blockchain Technology.

(3) World economic forum has predicted that 10% of global GDP would be stored on blockchain technology by the year 2025.

(4) The Government of India is fighting land fraud which was executed with the help of blockchain .

(5) bitcoin ATM has been installed in some offices in Switzerland.

(6)  Many banks are researching on blockchain technology to use in financial services to reduce cost and increase efficiency.

How it works : 

Click here to know more

Author : Satyam kirti

what is bitcoin

Bitcoin: what to know before trading

In a simple word if a normal person need  to understand about the Bitcoin then we can explain that It's a digital currency and totally different from real currency in other words we can’t touch neither feel this currency.
When a person need to buy anything, he uses money to get the thing and money can be transferred to the Seller via cash or through credit card or debit card . Likewise bitcoin gives a facility to a payment system worldwide.

It is the first decentralized currency introduced ever on the planet Earth. The system works without a central repository or single administrator. While cash is deposited in a bank and being regulated by the central bank of the particular country. The bitcoin is created and stored electronically.

To create cash government need to deposit a value equal to the money in gold with World Bank but in the case of Bitcoin it is created as a reward for a process known as mining.

They can be exchanged for other currencies products and services. Approx 1 lakh merchants and vendors have accepted the payment through Bitcoin till 2015.

The denomination of Bitcoin: -

·         milli Bitcoin   = (1/1000) and

·         santoshi          = (1/100million) 

10 Bit facts:-

1. Bitcoin has volatility 7 times greater than gold 8 times greater than s &p 500, and 18 times greater than US dollar

2. Creation of Bitcoins required vast amount of energy, this activity has consumed  as much electric 

power as entire countries the size of Ireland denmark or Morocco.

3. Since the  traceability of bitcoin holder is very difficult, demand in black market has increased enormously.

4. Song economist and journalist have voiced concerns that Bitcoin is a ponzi scheme.

5. Several light hearted songs celebrating Bitcoin have been released so far.

6. World's first Bitcoin transaction was 10 Bitcoins been received by Hal Finney from Satoshi Nakamoto.

7. Value of first Bitcoin that is  10000 BTC was equal to  two Papa John's Pizza.

8. Creator of Bitcoin santoshi nakamoto disappeared after mining 1 million Bitcoins .

9. No one has came to know about who was satoshi nakamoto, it's a mystery till date .

10. Currently Gavin anderson is the lead developer of bitcoin at the Bitcoin Foundation.

       How's the transaction done:-

1. ·         Create a wallet at block chain called Bitcoin wallet address (bitcoin is stored here)
2. ·         Sender Enter the receiving  bitcoin address of the receiver
3. ·         Sender Type the desired amount
4. ·         Sender sends the bitcoin
5. ·         Receiver receive the bitcoin in his block chain address

    

   Author: Satyam kirti

Mystry of bitcoin

Bitcoin the future currency

Bitcoin is the future of currency?? is it so....

First of all a little introduction about the bitcoin. Bitcoin is the first cryptocurrency on planet earth . Its a virtual currency , means its a total digital coin.  first of all it w as introduced in 2009 to the world.
Its a decentralized currency , there is no banks and any regulatory authority of this cryptocurrency . 

Bitcoin the mysterious creator : - 

The Domain name Bitcoin.org was registered on 18th Aug 2008. A link to a paper authorized by a person naming Satoshi Nakamoto titled Bitcoin was posted to a cryptography mailing list.

Till date the nkamoto is unindentified and untraced. many people have claimed to know him , as well as many people claimed himslef to be a Nakamoto , but failed to produce the real proof which can confirm the indentity of the person.

So, the mystry remain unsloved about the creator . no one knows whether the  Satoshi Nakamoto is an individual person or a group of developer. 

Author: satyam kirti