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What is happening is that people use Bitcoin, it does not officially declare it in their business for fears to penalties.
It happened to me something similar as Op:
I was buying a phone to give a family member and the seller knows me that I use BINANCE APP and asked me if I wanted, I could pay the phone sending crypto from Binance Pay.
I did not make the payment with crypto because I had already exchanged my local currency. But on another occasion I will do the test to pay with Bitcoin or any other crypto.
Thanks OP, for sharing your experience with us.
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Some specialists in war matters have stated that the European wars tend to escalate. Since starting the Ukraine-Russian War I also had this sad feeling that is a very dangerous war that will undoubtedly affect the global economy. A lot has been talked about the new world order. However Ukraine to resisted bravely and that has surprised us all and deserves to be free and drive a better future for its people. Recently the US Secretary of State Antony Blinken told the BBC that he is convinced that Ukraine can win the war. https://www.bbc.com/news/world-europe-60626921 |
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What will happen if at the end Russia succeed in her conquest against Ukraine and take over the economy of Ukraine. That will extend the economic power of Russia no doubt and that will make Russia more powerful.
How will EU and NATO countries relate with Russia if that happens ?
Possible scenario is replenish the food storage, bullets, and other equipment to start invading neighboring country. They will be come powerful with the economy of Ukraine under their grasp. Striking the iron while it is hot they say. If not then they will continue to suffer with more Sanctions and find a way to elevate their economy. It is just a matter of time where their own people will make their country fall, hungry people can do anything and it includes going against it's own government. So to say, "the Russian economy" is a fake. The only thing they can do is sell resources. And then with a caveat - only in the presence of Western technology and technology. They do not produce anything on their own, they do not have a full-fledged production, the maximum is processing. To be convinced of this, just look at the results of the attack by "the strongest army on Earth", on a small Ukraine, with a rather weak army!? Do you want me to show you real photos of the defeated columns of the Russians? Do you want me to show you a lot of videos where they surrender in platoons? Do you want me to show you the fields with a bunch of corpses of Russians whom Russia does not want to take? You know that in the 7 days of the war against Ukraine, the "strongest army in the world" lost more than 2 wars in Ichkeria! Today, the losses of Russia in 7 days of the war against Ukraine are 50% of the losses of the USSR in Afghanistan in 10 years! Stop listening to fakes about "the greatness of Russia", "powerful Russian economy" and "unparalleled weapons", these are all fairy tales for a crazy old man in a bunker ...  I am speechless reading every line that comes from a Ukrainian person who is living an unjust war for Putin. Because I think that it is not the same desire of all the inhabitants of Russia. Which will be a few Russians who support him. I am moved...Ukraine is very brave, it has its president Zelensky who has become a hero in the way he is defending his country. From social media we see the Ukraine-Russia war totally unfair outside of our modern times. All aggressions in other countries must also stop: Israel, Palestine, Yemen, Afghanistan among others. My sincere support for your country, Ukraine, and may evil go away and peace reign. We need to ask for world peace. |
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To adapt a lifestyle based on bitcoin, more than the risk is to take it with the knowledge that it is not prohibited in the place where you live. The risks of volatility are manageable, I say this after checking it with my own experience.
I do not get any income from my local currency because I made the decision to be a Freelancer who receives his income with cryptocurrencies. It has been the best choice of my life because I have had difficult situations that I was able to solve thanks to the fact that I was honestly able to save with bitcoin and some altcoins.
Bitcoin is the freedom I've been looking for, without wasting time right in the palm of my hand. I've been with my lifestyle for a long time and if it changes a little I sometimes feel disappointed. It won't change the convenience of a few clicks from the comfort of my home.
Wow you are really great at being able to adapt to crypto life for years without looking for outside income. But what if one day the place where you live is prohibited from using crypto.? How would you do it. Obviously I would be concerned, I have a family to support, I also have other relatives outside the home who receive my help. I would look for a normal job, save money again to move to a crypto friendly country. That would be a solution to continue with my lifestyle, my mind has changed and I think many crypto lovers have also done so because we are adopting a crypto culture that is leading us to innovation. It is enough to see traditional brands as they are introducing the concept to their public on Web3. As we know with crypto there are no borders with just a few clicks we can send money with even zero commissions, I share this because just now I have sent money to a relative in another country almost free of charge. You would be only charged with network fees and everything would really be a smooth as breeze which you couldnt really get it on money transfers that we do have which do cost more and also with bank transactions which we know that there are certain limitations if we do talk about international transfers which is the con's on dealing with typical stuff.The only problem is that on how you do make out on those conversions to fiat which couldnt really be that easy depending on the situation of cryptocurrency on a particular country on where you do live on. Guys, thanks for contributing your ideas in reference to my comment. I will briefly share my recent experience: I just sent money to a relative in Brazil through a third party. We use Binance Pay and Whatsapp for the exchange, I sold btc for usdt so that my family member receives reais. Fortunately, the person who made the deposit for me is an exchange house, it is a small company that with more effort can go a long way. The money transfer was fast, safe and cheap compared to traditional banking services. The power of decentralization is before us and with a range of opportunities. |
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To adapt a lifestyle based on bitcoin, more than the risk is to take it with the knowledge that it is not prohibited in the place where you live. The risks of volatility are manageable, I say this after checking it with my own experience.
I do not get any income from my local currency because I made the decision to be a Freelancer who receives his income with cryptocurrencies. It has been the best choice of my life because I have had difficult situations that I was able to solve thanks to the fact that I was honestly able to save with bitcoin and some altcoins.
Bitcoin is the freedom I've been looking for, without wasting time right in the palm of my hand. I've been with my lifestyle for a long time and if it changes a little I sometimes feel disappointed. It won't change the convenience of a few clicks from the comfort of my home.
Wow you are really great at being able to adapt to crypto life for years without looking for outside income. But what if one day the place where you live is prohibited from using crypto.? How would you do it. Obviously I would be concerned, I have a family to support, I also have other relatives outside the home who receive my help. I would look for a normal job, save money again to move to a crypto friendly country. That would be a solution to continue with my lifestyle, my mind has changed and I think many crypto lovers have also done so because we are adopting a crypto culture that is leading us to innovation. It is enough to see traditional brands as they are introducing the concept to their public on Web3. As we know with crypto there are no borders with just a few clicks we can send money with even zero commissions, I share this because just now I have sent money to a relative in another country almost free of charge. |
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To adapt a lifestyle based on bitcoin, more than the risk is to take it with the knowledge that it is not prohibited in the place where you live. The risks of volatility are manageable, I say this after checking it with my own experience.
I do not get any income from my local currency because I made the decision to be a Freelancer who receives his income with cryptocurrencies. It has been the best choice of my life because I have had difficult situations that I was able to solve thanks to the fact that I was honestly able to save with bitcoin and some altcoins.
Bitcoin is the freedom I've been looking for, without wasting time right in the palm of my hand. I've been with my lifestyle for a long time and if it changes a little I sometimes feel disappointed. It won't change the convenience of a few clicks from the comfort of my home.
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In my opinion, the United States government has seen Bitcoin and cryptocurrencies as some economists have pointed out as a bubble, that idea was sold and that is the reason why they are acting late. A conservative thought and faithful to their currency, the dollar, has not made them take a step forward to innovation.
Fortunately, there are important sectors of the nation that are Pro Bitcoin such as Texas, the Mayor of Miami, the Governor of New York among others and better yet, the pro Bitcoin Senator Cynthia Lummis is now part of the US Banking Committee.
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Hi, Royse777.
Thank you for accept my request.
I participated in the Bitvest signature campaign and since it paused I have been waiting until now. I will work on your campaign with the best enthusiasm.
Cheers!
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According to experts, Zuckerberg lost $ 6,000 due to the failure that we all experienced was a blackout that lasted almost six hours.
I realized when I wanted to send a message by whapsapp.
From what I have seen on social media, they mention that Facebook is in controversy over the "Facebook Files" revealed by a former employee but that we will surely know more in the next few days.
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From my point of view, El Salvador has been transparent in pointing out its holding of bitcoin. Which means that within Bukele's mandate, the nation's bitcoin should be well managed. Now, what will happen to the bitcoin of El Salvador? when Bukele leaves power. The next president should continue the good management, he would have to do an exceptional job and not lose the great effort that the Bukele presidency has achieved.
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Bitcoin and cryptocurrencies are of interest to people when inflation absorbs their economies that is a good sign for businesses to start including cryptocurrencies as a means of payments. I could perceive it when I shared with the owner of a business that I bought her construction materials to repair my roof. The owner of the business approached me and asked me to teach her how to use cryptocurrencies. I have not taught her yet because I have had very little time to dedicate to her but I will, but in addition to time I was stopped by the knowledge that the owner of the business is a usurer.
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I am sure that the offender will be arrested. There are security cameras that will help solve the case. From what I can observe is that the criminal preferred the bitcoin ATM under the assumption that there would be a lot of cash. I do not see it as a propaganda against bitcoin hopefully I am not wrong. The criminal act may have been repeated on other occasions in any part of the world but this time it was made public.
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Cryptocurrencies will not lead to the next financial crisis. On the contrary, they will help prevent it from happening. We have just seen the case of the bankruptcy of evergrande, bitcoin and the crypto market felt it, overcame it and there we are still immune.
I always have the conviction that bitcoin and cryptocurrencies will solve the economic problems that nations are experiencing.
In the Latin American region they are following in the footsteps of El Salvador, it is only a matter of time before all countries embrace bitcoin.
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On September 15, the regulations that regulate the use of crypto assets in Cuba and the granting of licenses for financial exchange and payment operations came into force. It is the principle for Cuba to improve its economy and the quality of life of its inhabitants. Once launched, the best thing is for its inhabitants to learn to take advantage of what the law offers them. I want the government of Cuba to be a leader in this regard and that everyone has their opportunity. On the other hand, in Venezuela we have a regulation of crypto assets that came into effect on January 31, 2019 and the Venezuelan population has not reacted in masses, only some sectors have taken the initiative to include crypto assets in their economic activities. The reason I can think of lack of promotion of the government to make use of the regulations of cryptoactives in the country. https://www.vtv.gob.ve/gaceta-oficial-ley-criptoactivos/ |
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I agree with OP.
I also have the same concern but I stopped to know what are the reasons why the British government have taken these measures protecting these 9 jurisdictions is because they are poor entities where their main resource is tourism and as we know tourism has been hit by the pandemic.
Unless the government created a means to prevent tax havens from being created. But since there is no fiscal regulation, this is difficult to control.
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I don't think money around the world is going to the crypto market. But I am sure that I am investing in bitcoin and cryptocurrencies for the future of my smallest relatives.
That has been my motivation to invest in the long term because cryptocurrencies are here to stay.
I think we are at the beginning of great changes in the world where bitcoin and the crypto market are playing an important role.
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OP has mentioned something key like that the adoption of bitcoin in other countries with stronger economies will not happen the same as that of El Salvador.
But bitcoin adoption is very close. Brazil has one of the largest economies in South America. When these countries El Salvador, Brazil show all the progress they make after starting to use bitcoin, there will be other countries that will want to do the same.
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DeFi offers services of lending, borrowing, staking, farming several ways to make your money produce. So far I have participated in staking and farming services. With these two reward incentives I have earned and I really like it. I had the opportunity to invest with a minimal investment and win.
Only you should investigate and join just hodl is not enough we have the freedom to learn to manage our money.
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