Can you include the source link if Russia has accepted Bitcoin as a currency What I read last that we also discussed on this forum is that Russia wants to accept Bitcoin as a currency, they are still on it, you can check this thread for that: Russia to make bitcoin a currencyRussia approved bitcoin as a form of money in order to hedge against the Russian ruble's depreciation and the Biden sanctions. What are your thoughts? Putin is in favor of establishing bitcoin as a kind of money since he is threatening war and Biden's economic penalties will harm the ruble. He might still use bitcoin to transact in the global economy. I'd want to hear everyone's thoughts on this. Thanks for your response in advance  Maybe it is political reason or not, nobody can know why, it can be and it might not be the reason. I do not have any point regarding this but one of the function of bitcoin is to help during inflation just like gold. |
|
|
|
Forbes is one of the most famous business magazines in the world, founded in 1917 (more than 100 years ago). Now binance is acquiring a part of it. Where will binance stop?
I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.
It is not a problem, the world if full of politics and some lies to back up some facts, this is not the first. CZ bought Coinmarketcap, and see it is for his own favour. Buying this will be in his favour, what I know about Forbes is that they give information to the world, I have known many people, if they want to check for something online that Forbes provide, they will not just search for it online, they will include Forbes, this will be a great benefit for CZ. We will be expecting more from Forbes that includes crypto articles in a way Binance, Trustwallet, SafePal, Coinmarketcap and other CZ products will be advertised. |
|
|
|
You could send it to mobile, email or address? I don't think I ever seen this before. When I sent btc, it was always to a btc address.
You can also send to mobile numbers and email addresses, but that's only for sending the bitcoin to other Coinbase users. For any other wallet you use a BTC address. That is it, on custodial wallets and including exchanges, if you have a user that is using the same custodial wallet or exchange that you are using, you can request for mobile number or email if the wallet or the exchange supports that, most likely the transaction will be free or at a very low fee. For Coinbase, I think it is free, you are not sending bitcoin on blockchain but just within users on Coinbase which makes it to be free, only thing Coinbase will do is to just automatically edit your Bitcoin balance and the receiver's Bitcoin balance. For people that are using another wallet or exchange or if it is a noncustododial wallet you are sending from, you will have to pay fee for miners to get you transaction into a block. |
|
|
|
We all take Bitcoin to be a digital asset that has gained the trust and support alongside every new price mark it attains, making many rich with the judicious use of this piece of technology.
It is called passive income, it does not have to be judicious use of Bitcoin, it is just about buy and hodl. The price speculation found in Bitcoin so far makes it to have some features of the Nasdaq 100, and we know how the price fluctuate so sharply, where immediate gains/loss takes place in no time.
“When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same,” Hogan said. Gain and loss occur in no time but only gain occurs in long term if you hold Bitcoin, I do not know about Nasdaq but I know about Bitcoin. People that are losing are traders. |
|
|
|
Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?
Option is not an investment, it is not even trading in my own opinion, it is most similar to gambling. Those that invested in bitcoin for the last three years which is 2019 will be happy buy now, they made over 10x profit, people that invested $10000 would have made $10000 profit by now and so on, but I mean holders not option trading which is not an investment but highly risky and can bring loss. |
|
|
|
Nobody is asking you not to invest on altcoins which are centralized, I do not find it difficult to know when El Salvador only accepts Bitcoin as a legal tender and why Russia only wants to accept bitcoin as a currency, Bitcoin is decentralized which make it superior. All the gains with btc were made already if we are looking for 4 years from now is only 2-3x .
That is wrong, we have not known the lowest price bitcoin will dropped to, also we are expecting six digits after next halving. Do not just make conclusion about what you do not know how it is going to happen. |
|
|
|
In September 2022 the El Salvador President announced the acceptance of bitcoin as a legal currency in the Latin American high dept profile country
We are not yet in September 2022, typo, it is 2021. What are your views on the worsening debt profile of El Salvador how will Bitcoin which is the major object of set back for IMF intervention in form of bailout fund the country y economic tools to overcome the country's long-term debt condition.
Check El Salvador debt since 2012 to 2020, it significantly increasing more and more when Bitcoin was yet never made legal tender in the country. IMF and other organizations that against it like how El Salvador has been in debt. I now call them international fiat fund because it is fiat they are supporting not money. If you want to post anything related to El Salvador, there has been an active thread that we are discussing it El Salvador has become the first country to make #Bitcoin legal tender! |
|
|
|
Now the survival cost for the individual and the family is very huge.
Are you sure it was huge than before? Do not let inflation deceives us Even a individual need of 1000$ per month for the luxurious life and 500$ for the normal life.
This will depend from country to country, in country like the United States and European countries, $1000 is not enogh for luxurious life, probably it can be enogh in some African and Asian countries. When the market up to the pump or bull market, inverse part of your income and earn some amount from the trading. Trading of crypto currency was a good one for the long term profits.
Investing? It is not trading, this can be confusing, trading is highly risky and can cripple some people financially and health wise. But you are specifying on investing which is correct. |
|
|
|
|
Side job become main job is possible but some people will prefer two income, to be earning more from side job, then side job will become the main job. I can not blame people that will later see the former main job as nothing and leave because it is not bringing much profit and side job will become main job.
What is the meaning of career job when there is no much profit, anything that man does that makes him the king is his career job, only children will not think like that. I remember when I was young, I want a career for myself, I got something related to it but no job, I see another job not related to my career, that was the end of my former career ambition.
|
|
|
|
Bitcoin is known by another name, namely internet money which is not in physical form, without a central authority controlling it so that everyone can use it as a means of payment regardless of how the government regulates it. Bitcoin is still called a foreign currency in my country although currently the regulations are limited to assets that can be traded not as a currency.
The governments can give people inaccurate information, it is we that will know they are not accurate at all, it is very obvious that bitcoin is not a foreign currency, how can what is decentralized be called foreign, but I hope the more your government will know what bitcoin is. I mean foreign reserve, I post that because of what I quoted. Or maybe it should be like this, that establish country like Russia will accept and depend on foreign currencies as a legal tender or a currency to locally be in circulation. |
|
|
|
I am definitely surprised that dictator controlled Russia actually made this decision, I would have expected them to take the route as China did, being that they are both counties that only care about controlling everything in the lives of their citizens. But some positive news that’s for sure.
I am not that fan of Russia but if I will not be bias, Russian is very different from China, I can say Russia is between Western nation's and countries like China. China is the worst of all, the country is very centralized and everything their government want is control unlike Russia that still accept foreign services. About cryptocurrencies, China has no good reason to ban it other than to have complete control which is for the sake of their Yuan and digital Yuan. |
|
|
|
The sad part is, our nation doesn't even see it as a currency, it sees it as an asset (like stocks or gold instead of money) so maybe he got confused and assumed it was turning it that way instead. Yeah, most nations see it as a currency but there are more nations that see it as an asset and not as a currency and there is a big difference between them.
Bitcoin is all in one, you can call it an asset because its value is increasing, a currency because you can easily use if for payment. Be it anything a country call it, what is most important is its adoption. Dollar or Euro is not an asset, it is fiat, it is a currency that you spend, you can't call it an investment. Whereas having gold or stocks or real estate or anything to that level would mean that it is an asset. Most nations unfortunately do not know the difference and list crypto as an asset which makes taxes a lot higher unfortunately.
It depends on what you want to count it as, you can count fiat as an asset that lose value over time which is what fiat are, this is the reason some people will not classify it as an asset because its value is reducing because government controls itsnprice and reduce on value. |
|
|
|
Considering the fact that the bitcoin mining in China wasn't that big and wasn't using that much electricity and the amount they were using were coming from clean renewable sources that wouldn't have existed otherwise and also comparing it to the entire population of the country with 1.4 billion, this reason doesn't seem to be the right motivation behind the crackdown.
In fact I believe it was a move to push people into using their centralized govcoin that they plan on creating (digital Yuan or something like that).
If to look for one of the most centralized government in the world that loves nothing about anything that is not from their country, then it is China, China has the technology and power to make bitcoin mining possible, everything can run smoothly, and not that miners will not pay for the electricity but just that China can never be happy about what is not from their country that they can not control unlike Yuan and their digital Yuan. As per the article from coin telegraph, it states that Kazakhstan proposed the increase in electricity rates Kazakhstan specifically for the miners, so it means that the electricity used for households or in the industrial sector (not for mining) will still be available at low rates?
If this is so, then how anyone can distinguish that the electricity used is for the mining purpose or some other usage?
It is about miners in Kazakhstan, other business organizations and households are not affected by this for now. |
|
|
|
Its good thing but they are going to take the nature of decentralization which is anonymity so they are doing in their own way and who knows after they collect all the data they can say now we are banning Bitcoin.  If a country wants to adopt bitcoin, they will have to do with centralization and they will be centralized, according to the news, banks and centralized exchanges that are well regulated by Russian government will be the available options to go for, but we should know that there will still always be means for people that prefer decentralization by having only noncustododial wallets and decentralized exchanges, nothing about them will be about centralized organizations or they may let some part of the to remain decentralized. Russia has been known to be a very strict country with foreign currencies in my opinion but there is still a possibility that its attitude will change towards crypto especially bitcoin. There are pros and cons so far and I think both are still in the proposal stage.
Bitcoin is not a foreign currency, anything about bitcoin is not foreign, it is decentralized and available to the world not certain countries. Russian also still accept some international currencies like USD, EURO and probably YUAN, but it is like they are not accepting USD again but I a not sure. |
|
|
|
Despite the rising tensions between Russia and Ukraine, I find this as a key factor that made BTC and other cryptocurrencies on a bull run. But I don’t know how long will this bull run can be sustained though. It was rejected when it reaches more than $45.2k on CoinMarketCap.
It can be one of the reasons for the recent increase of Bitcoin price but I have never linked it to it. I link the recent increase of Bitcoin price to be because of the massive bear market which make Bitcoin to fall from above $47000 to $32800. This alone can trigger bull run. I just wanted both sides to settle though and remain in peace, because if it escalates into a war, the price of BTC and other cryptocurrencies might be affected and going downhill once again.
I do not wish war to break out, I think people can start to convert to bitcoin if there is war and can lead to increase in Bitcoin price but I may not be right, this can lead to world war that can have a great negative effect on Bitcoin price of it becomes world war. |
|
|
|
Liverpool vs Norwich City
Peterborough United vs Manchester City
The last matches were not interested, only few like Manchester City versus Fulham were interesting, even Chelsea was unable to win Plymouth Argely until extra time, Middleborough oust Manchester United after penalty shootout. But maybe this week is going to be interesting, going for Liverpool and Manchester City first half win. This is just a game of luck, full time win odd is very low. |
|
|
|
|
One thing I can never do is to screen share, this is one of the reasons some wallets and exchanges do not allow people to screen share until they go to settings to enable screen share, it is not a good idea. I remember a time in the past when some blockchain.com users said their wallet was hacked through screen share. The exchange I am using now can be used to sign in into another web browser with only screen sharing a QR code, screen sharing is very dangerous.
|
|
|
|
Aside the hack, it was stated that they own one of the wealthiest bitcoin account of which i know that privacy is not secured here which is one of the major reasons one have not to make use of centralized exchanges.
Even if they are the one that worked for the coin, it can be seized by the government. What I just wish to know is how almost the whole amount of the bitcoin when Bitfenex was hacked were with them possibly they are the hackers. But only noncustododial ways and decentralized means of exchanging can help in having total control What impact do you think this will have on bitcoin price if the total seizure were back into circulation?
If you are a bitcoin holder, you do not have to panic, the effect of this on bitcoin price will not be significantly noticed. |
|
|
|
I see from recent news developments there is no doubt, but in this case it is related to the issue of corruption which does not rule out the possibility that it can also be done because many of the corrupt practices that end up laundering money into bitcoin to avoid the investigation process when it is considered something that is illegal. suspect.
will this be a breakthrough that can be tied to the rules systematically on bitcoin, I think it is impossible.
All I can comment about this is that fiat have successfully been used and continuously been used for corruption, this is just because fiat have value, what has value can be used for money laundering, terrorism, corruption and other illicit activities. According to United States SEC, only little amount of bitcoin are involved in corrupt practices while trillions of fiat are involved. Bitcoin transaction is more transparent than fiat transactions also. Know that I am not implying DeFi or NFT that have more features that harbours illicit activities. |
|
|
|
Currently only El Salvador is the country only one that has succeeded in adopting bitcoin as a whole in their country
El Salvador adopted Bitcoin as a legal tender which is as a whole too but there are countries that are very friendly with bitcoin also, I just like the move Russia is recently taking in Bitcoin and Bitcoin mining aroption, likewise many other countries may follow this. Russia to make bitcoin a currencyAlthough not a legal tender but all countries that are friendly with bitcoin all helps in its adoption, there are defferent ways in Bitcoin adoption, but all we be good. although it continues to receive criticism from western countries and also the IMF
Because of this, I can call the organization international fiat fund as they are just fiat friendly. Before El Salvador made Bitcoin a legal tender, they were in serious dept, I do not know what IMF wants to bring out with there opinion. It is good to see longer and wider, El Salvador president see long and wider and know the right way to take, this is not because I am Bitcoin enthusiast but because if the price of bitcoin enter six digit, it will favour El Salvador. Would bitcoin be six digit one day? Definitely. |
|
|
|
|
Show Posts
