Bitcoin Forum

Bitcoin and cryptocurrency can now have a flesh  air as the G20 said "Bitcoin does not post risk to the world financial instability" I think the heads of central bank has started to see the potential in cryptocurrency and we actually need they adoption to see bitcoin realize it potential and go mainstream.  https://www.coinspeaker.com/2018/03/19/cryptocurrencies-dont-pose-risks-financial-stability-says-g20-watchdog-mark-carney/ . To just buy bitcoin now the hungry me because I know the future is very bright.

The point of Bitcoin was that it shouldn't care what regulators have to say about it. If the price of Bitcoin depends on the opinion that G20, a group of old people that don't even know what Bitcoin is or how to use it, is, then this just means that there's a bunch of idiots holding Bitcoin that need to be smoked from the market allocating these coins into the hands of people that will not dump depending on what some bureaucrats have to say.

Of course blockchain and Bitcoin are useful, people have to understand that sooner or later. Also, I think that half of those people that say bad things in media about Bitcoin and crypto, posses some portions of bitcoins. For them, question is not "is something useful", but "is something useful to them, and how to make more money from it" .


I agree with your way of thinking, but large number of people that are dealing with bitcoin doesn't know basic things about it. So they turn to people who are well known in trading industry or some other, and seek their opinion on the matter. For them its important what people from G20 or any other group think, because they can't know what to do by them self. It is sad yes, but I think that is unavoidable.

With the existence of this assumption especially from competent authorities, the popularity of bitcoin will again soar, meaning there was a slight reduction in the law that has damaged the existence and functionality of bitcoin as a whole.

I read it and he's right - all crypto actives are 1/100 of the 2008 bubble.

This is the news that put a $1000 today into the BTC value.

People who looked Bitcoin in a different way might change their point of view, that might wanted to know more and might start to invest in no time. I hope everyone should follow what the G20's new regulation and i'm kind of in favor to it since it does help to keep secure the investors. It will help to get more people to be aware of what actually is Bitcoin.

It shouldn’t make a difference but it will. It’s good news, people will stop being pathetic & panic selling now hopefully. Let’s load up with more coins & begin to see green shoots of recovery as we hear into the spring months.
$14,000 by July.

This will make everyone buy bitcoin coming from the bankers, cryptop people can now have a good inhale and exhale while watching the market moves.
Crossing my fingers and it is better if it will go back there earlier than this April or May.

It's a bit too soon to start celebrating. If one thing became clear in the last months, then it's the lower demand translating into constant dips below the $10,000 mark, and that might not have changed yet.

I still believe that something related to lightning network is needed to give the market the push it really needs. I not even for one second have considered the G20 to form a potential obstacle.

That's why for me nothing has really changed yet. Yes, it's great seeing the market go back up, but we're still far below the $10,000 mark, let's not forget that. The current market is too fragile to take a recovery for granted.

They only want blockchain tech behind the bitcoin and actually hate bitcoin that's why they may impose strict regulation or global ban in future if total marketcap of crypto will grow to over 1% or like 5% of world GDP.

They will change this view if market will grow and we all know market will grow in future. So this is not their final view towards crypto, they are trying to gain global effort to ban bitcoin/crypto.

What they really are saying is that they don't believe crypto's will become big. But if for some reason they will become big, they're going to step in and make sure it doesn't grow bigger.

That's true.

Bitcoin is a currency without any central governance. All of its protocols and rules are enforced in a decentralised way. So really we shouldn't even be giving any notice to what regulators and governments say about bitcoin.

It doesn't change anything that bitcoin has to offer. Doesn't change the network that bitcoin runs on either.

We knew from the beginning that bitcoin posts no risk to financial stability. If anything is promotes it and gives people a way to store their wealth safely, and transact without banks that can go under any time. This is why I've been investing and speculating long term on bitcoin.

This is a clever display by the G20. Declaring that bitcoin does not pose a threat to the world financial stability then pumping up bitcoins value afterwards. It's a subtle way of them saying that bitcoin may be independent, but they are the final arbiter of it's value.

Again, I hope people will stop looking at bitcoin as an asset and use it as a decentralized currency the way it was supposed to. The world will be better off that way should we start using bitcoin the way it is supposed to, not hoarding the coins which results to the current wild speculation of it's price in the market.

I really think we should use bitcoin as a currency and the way it will be useful for all of us leading the fast and secure transaction that it's services has always provide us, But can you can out the potential adoption that other people had been doing with bitcoin as an asset and the way whales are holding them, I really think that we can not say to other people in what they have to do with their bitcoin that is their own decisions to make.

It's sad, but at this point, everyone knows that regulators can affect how people use Bitcoin, and in turn, its price. It's really hard not to care about what they say because they could very well be precursors to what they will do. We're all speculating in the end, and the only thing that really separates believers from weak hands is that weak hands fear losses more -- something I can't really blame them for.

Still, we've come a long way. A few years ago, a disparaging comment by Jamie Dimon was able to cause a dip, whereas he can't do the same thing now. Let's hope the market keeps improving on this end.

I think that some structures of the United States of America will seem like a litmus indicator of the mood of power in relation to the crypto currency. Based on this, it is possible to draw conclusions about the information attacks from the countries of the satellites of the United States of America. Already some countries in Central Europe expressed their opinion regarding bitcoin, that it is a threat to their national security.

Bitcoin never posed any risk to the world's financial stability in the first place. So this report is pretty much completely useless, even though it might be impacting the price of bitcoin in a positive way. What G20 says about bitcoin is completely irrelevant.

Though, I completely agree with buying bitcoin now.

However, you should be prepared to hold onto your coins for at least 3-4 years, because it could take bitcoin that much time to return to a rallying bull market again. That's just how long the cycle usually takes to revert back to bullishness. But the prices you're getting right now below $10k is peanuts in the context of the long term.

   Bitcoin never posed any risk to the world's financial stability in the first place.     yes becose people here is like bitcoin jehovas brothers...  ;D they ignore all real world and spread here 100% positive news about crypto. all are liars who think only own income when they sell bitcoin and retire rich .. but 10 thousand sheep here every day read 100% false and invest to tulips..
g20 just show true face of whole cryptos.. no danger-worthless... yes they cant stop if bitcoin jehovas become planetary mega ICO..   :D pyramide

whole G20 go financialy in fraud debt scheme.. witch will end in war.. and thats why billions people hoarding gold in last 15 years(or in asia 5000) .. and inteligent people  try prevent ww3 ..
i can show you ..  in europe is big fall in population in compare to 1980.. soo this will sure not good for crypto world...just in soon future you will see ..
south america have increase population witch cause not possibility ,not longer for usa have some "affect on them" man power is man power  ;D
just read real news from gb and ausies, from oposition or blogers.. corbyn and other in australia.. 

crypto world is just big ICO, fraud, old tulip scheme.. in planetary size..
thats why G20 and other no more care and not scary crypto world


 

I think that it is possible, that bitcoin is currently one thing keeping the financial system from collapsing.
The main trigger for a financial collapse would be for money to lose it's value. This happens for instance when too much money has been printed on too optimistic future speculations. When this happens, then usually, real value is quickly obtained to back up the value of money. This is done for instance by occupying foreign countries and by that pumping the real wealth of the companies that can open new markets there.

Right now, it seems that they are creating the needed wealth inside the crypto markets. They have pumped the crypto markets, and by that creating a lot of wealth out of thin air just to backup the value of dollar.

This would explain why people who should know better, are totally blind about things like goxdollars and tether.

Times without number we have been holding this view about bitcoin not posing any threat to financial instability as at today. Every entity making such claims only want to cause some rumble in the polity and looking for reason to lunch an attach on bitcoin for reasons best known to them. For an item to make any difference, it means it must be large enough to cause distortion which I am yet to see considering the decrease in the market price of coins generally at this time. And that is why a lot of company with huge transaction volume are not adopting crypto currency because they are practically not losing anything in their revenue base either in terms of customers or to competitors.

Never underestimate your opponent. I think it's a banker mistake. But I'm glad he is. They will give us extra time to prepare for the bankers to start a war against bitcoin when they feel threatened. The movement of bitcoin always comes from the bottom. I think that the first to start accepting for payment bitcoin small online stores for which each buyer has value.