Many non-developed countries want to issue their own cryptocurrency. Among these there are:
Belarus
Russia
Poland
Kazakhstan.
In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.
I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.
Well.. 1) Russia is not a non§developed country. I understand what you mean, but still, please, pay attention to the words you are using. 2) A crypto which is not anonymous and controlled by an institutionnal authority... Is not a crypto. Again, I understand the idea: those States want to launch a 100% digital money, but this characteristic is not enough to call it "crypto". 3) Nobody knows what the future of crypto is. I guess that if some States are ready to take real risks launching their own digital currency, then it is a good signal for the real cryptos!  |
|
|
|
Hi, I guess, but as you say, it is only an "inner feeling" that this year will look like the previous. That is to say a sharp decline at the beginning of the year and by the end, a sharper increase in prices. Just because markets are reacting quite logically, maybe because those trading bitcoins are individuals, fearing to lose money. Nothing can be taken for granted, again. But I hope this will go this way, just because it is another year of opportunities for bitcoinners before prices go crazy.  |
|
|
|
No, indeed they can't. And actually for the moment, they are also struggling to have access, even to fiat currency. But, yes, you are right. Bitcoin are not really accessible without a computer and internet. So, bitcoin is a frame to think society differently. But indeed, the reflexion should go deeper just because there are still challenges! |
|
|
|
Hi, Indeed, this can really be interesting. It can also be kind of a threat... But let's not focuse only on "bad" aspects. If the market manage to reach stability (more or less), then it means that potentially, bitcoin can become a daily currency. Just because the price is rather fixed, just like with any other fiat currency. So, I actually think that's a great news. It means new challenges to face but also new opportunities, new possibilities! |
|
|
|
|
Hi,
I sincerely hope they can't. Just because I think that bitcoin is designed to prevent such behaviours.
But of course, if some people (whether they are wall street boys or not) can have control of many bitcoins, well it may result in control. Therefore possible "manipulation" of prices and trends.
Still, I think that, especially regarding Wall Street boys, they have much more profits accessible much more easily than bitcoin.
|
|
|
|
Hi, Once again... Sorry about that, sorry for those who have lost much... But bitcoin is not a miraculous path to become rich! It is rather an idea, a concept aiming at changing society, using new tech. So, again, I understand your point. But when it comes to bitcoin, everybody should be aware that investment should be something you are ready to lose. Because you will lose. I understand that such eldorado seems promising.. But if we want to build a new model, we have to act responsibly ourselves first. |
|
|
|
|
Hi,
I think both can be explanatory.
I mean, the Asian bitcoin community is large so whether it is a manipulation from the Chinese government, or an over-reaction of the involved market once the news is out... Both lead to the exact same result. So actually, it is hard to say... and quite uninteresting because both phenomenon are completely out of reach of individuals.
Then, regarding the bitcoin generally, I would say that there are so many factors and so many people involved here, that it is completely impossible to build any accurate model.
|
|
|
|
|
Yes,
We have all read such beautiful stories... But I guess that actually this never happens.
And in fact it is exactly the same thing if money arrives on your "normal" bank account by mistake. You can know who sent it, so you can always send it back. But would you?
I guess it depends on who you are, how you value honesty and also, the situation you're in. I mean, if you are struggling to pay the rent, it is harder to send back the money than if it is just an unexpected bonus...
|
|
|
|
I think Bitcoins saving is quite risky, because compared to other forms of investment such as gold or dollars, cryptocurrency is more risky because the possibility being hacked is so high, we could be stolen bitcoin or the ability the network system attacked, you lost all bitcoin in the second. In addition,fluctuations in bitcoin price are highly impacted by the market so investment in bitcoin is unsafe solution.  Hi, You are taking the example of dollars and I am glad you did. Do you realize that dollar is actually worth nothing? This fiat currency is not even worth the paper on which it is printed. But through the game of diplomacy and geopolitics, it stands because everybody knows that the US is the most powerful country in the world! Is it? Today, most fiat currencies have their value relying on... absolutely nothing except trading platforms. It isn't good for society but it works like that. Is bitcoin riskier? Yes, because the community of users is smaller. Is it less valuable? I am not so sure... |
|
|
|
|
Hi,
It is completely impossible to answer your question! We all hope the price will skyrocket once we have bought bitcoin at the lowest price possible but.. No one can grant you that you will make profit.
I think your friend is right when he says that the price will become very high in 2018. Just because bitcoin tends to evolve through cycles.
But, again, nothing sure here.
As for the amount you should invest... Well, invest only what you can afford to lose. Because before making any profit, you may lose money. Bitcoin is not just a miracle path to becoming a billionaire. It is first an idea about a possible future without one over-powerful control authority. You can use it to make profit but it wasn't designed as a trading tool so it's not that easy.
Good luck anyway!
|
|
|
|
It is possible.. under certain conditions. For example, in most European countries, the government determines the amount of taxaton due by the individuals according to their banking records. Well, in reality, they ask the employer to state the wage of all employees, then they ask each employee to state their wage (and other resources as well) and with these, they determine the amount to take. Yet, in some cases, divergences appear between all the statements. Therefore, in such cases, the State can ask the bank to see the record of all transactions. In such a situation, if someone has changed bitcoin for euros and put it on their bank account, it will appear as a resource. And thus, will be submitted to taxation. But indeed, this case is very specific. And I guess most of the time, gain from bitcoin are just hidden by inidividuals and ignored by governments. Just because for the moment it will be more costly to try to find those owning bitcoin than the gain the State would make with the taxation of such operations. As you guys, I am not an expert. Maybe there is already a dedicated branch for that but... I bet there isn't! |
|
|
|
Hi, Actually no one can tell you... Because it depends largely on the child. I mean, if he is quite interested and curious about new tech, you may explain the bitcoin quite early... But if he doesn't care, even once a grown-up, he can completely miss the concept. So... First I would say, don't push it too hard. Bitcoin is interesting indeed but you may completely turn your kid against it if you only talk about it. And then, explaining bitcoin is like explaining any physics concept. So when you child is asking "why is the sky blue?", try to say if the real, scientific answer grasps his attention. If it does, then you can try with bitcoin! |
|
|
|
|
Hi,
For the moment it is impossible to go shopping with bitcoin, simply because the price cha,ges way too much from one day to another.
I guess that by the time it becomes possible, then in your scenario, a business that would receive bitcoin would not turn it to fiat currency but rather keep it for further exchanges.
In the world today, the dollar is the reference currency. But when you want to buy something in your country, you don't feel the need to use dollars and afterwards change it for your country currency, right? I hope we can reach the same result with bitcoin if it get spread enough!
|
|
|
|
Hi, What you descried here is quite logical in fact. The bitcoin community is large in Russia... and supposedly no member of the government or director of any powerful institution is part of it. So it is a "soft" war beteween the people, simple individuals, and the haves. I guess that one day, countries will no longer be able to ignore bitcoin. That is why many governments are trying to design legislation about crypto. However, for them, the bitcoin (and the other alt coins) is a threat. It cannot be manipulated at will, the blockchain cannot be corrupted. I guess this is quite hard to handle for them, because they often use those tools. Consequently: no, I don't think any government is ready to officially legalize bitcoin. But if the community grows enough and the use of bitcoin get spread... Maybe we stand a chance! |
|
|
|
Hi, This trend is logical. You will see many posts about it, many people will tell you to sell. Don't sell. Just wait. Or buy if you can. This is the "normal" trend. As in December, prices tend to rise, in January, they generally go down. More or less sharply, that's right, but still the trend is logical. I am convinced that by Dec 2018, prices will reach new all-time records. This is of course only my personnal opinion and I cannot say this will happen for sure. But I'm pretty convinced it will |
|
|
|
|
Hi,
Can I remind you that bitcoin is not merely a way of becoming rich?
The idea behind it is to get rid of governmental control and banks... So indeed it is great if you manage to make profit in the process, but this is not everything.
As for the early adopters, I guess that most of them have made profits... but not as large as you may think. Just because you are necessarily tempted to sell when you see that the value has doubled. Then you buy again, and agin the value doubles. So you make profit. But not as heavy as it could have beeen if you had waited and waited again.
|
|
|
|
|
Hi,
I was not actually worried about this piece of news but thank you for actually providing a detailed background of threats and cancellation.
China can do this because many people think that without Chinese users, bitcoin would collapse. I think it would be hard but not impossible to manage to keep on developping the community, even without China.
|
|
|
|
Hi, I may be wrong but I think that even if bitcoin becomes worthless, it won't cause the death of other cryptos. Of course, it depends quite heavily on the reason of the "death". But still, there are other cryptos that are quite powerful and have large communities. And I guess that they won't disappear all of a sudden. Truth is, the bitcoin is the crypto that has made history. It is the one most people (and mass media) know about. It is the one bringing about many concept about the economy and currency alternatives. Still, even if I believe in it, I must say it is not everything. |
|
|
|
|
Hi,
Actually I think that panic selling, whatever the context, is the best thing that can be done if you want to kill bitcoin.
You say you have been trading since 2017... Sorry but to me, this does not sound as an extensive experience. Maybe, you are fed up because you don't manage to make outstanding profits. But this does not mean that bitcoin and the concept behind it is worthless...
Bitcoin is not merely about short-term profit.
|
|
|
|
What is going on with whole crypto?
Something is seriously wrong.
ICO enforcing KYC for investors and bounties, people are sharing their info with completely strangers, bitcoin ban, heavy exchange regulations, people literally sold their houses to buy bitcoin etc etc, list is quite long.
Isn't bitcoin meant to be something...anonymous...decentralized...p2p? I thought whole idea was "digital money without banks involved".
So, what has changed? When "internet money" become "get rich over night" scheme? When bitcoin become "i will invest in bitcoin because bitcoin will increase its value"?
Since when bitcoiner care about what JP M and other bank scumbags think? Since when we share our ID's with strangers over internet? What the fuck guys?
I have feeling that this world is not ready yet for bitcoin. Maybe somewhere in future. When people do realize beauty of it. When transaction fees drop seriously down. When confirmation speed increase. And what is most important when people do realize that they can use bitcoin to buy things and not only use bitcoins to cash out.
No, this is not another whine topic about bitcoin price. If you think it is read topic again. And again until you understand it. Deeply.
Hard to say anything else than.. I agree with you. So completely. I think this is also "part of the game", you know, in order to attract new people in the community, to make it grow quickly, talking about short-term profits can be good. Logically, amongst the people attracted in the first place, many will quit because it is not the eldorado they had been teased about... But some will stay and they will make part of the core of the community, perfectly aware that bitcoin is not a mere source of short-term profit. I don't know how/when we have lost the original idea but indeed, some (influent) people within the bitcoin community are quite far from what bitcoin should be. Still, as it is the historical crypto, I hope it will last. Maybe, after a huge slowing down, we can go back with the original idea...  |
|
|
|
|
Show Posts
