Yes well, in my case it's not that I'm ecstatic about the news but we have a trickle of news like this in the right direction, which makes me think that we are like in the period 1996-2000 in the use of the Internet. It seems that this is going to continue little by little but steadily and that we are moving towards a massive adoption and use.

Whatever the solution, what seems clear is that energy will be more expensive for Europe, something that was already happening before the war, and even more so with this. Until the alternative is implemented and the matter is stabilized, prices will tend to rise. There is also the possibility of liquefied gas from the USA, which is more expensive, but what is clear is that the war, apart from the human drama, will also have a negative economic component for the great majority of the population.

I responded in another similar thread that looked more at the fact that Bitcoin has recently surpassed the ruble.


I'm not sure how accurate this is either. Let's see if someone with more knowledge can enlighten us. In my case I think it is not enough to add the current supply, assuming it is accurate, you also have to take into account the strength of the currency, and I think this is done by comparing it with a reference, as I think they do in the case of this website regarding Bitcoin.

I do not agree with that. What it is is a risky decision but not a worng one. We have to think of diversification as a hedge against risk (and partly against ignorance). What would have been better 20 years ago? Buying google shares alone or buying the same amount of shares spread across gogle and the companies that fell by the wayside?

The problem is getting it right.

It is curious. Does anyone know how to measure the market cap of currencies? I have also seen this website:

https://fiatmarketcap.com/

There it seems that they measure the market cap with respect to Bitcoin, it would be simply adding up all the printed currency, so to speak. The thing is that for very devalued currencies can give a very high number, so it is better to measure it against a reference, as they do on this page with respect to Bitcoin.

That's what I thought. Aside from the fact that I don't think they are thinking of cryptocurrency as the only possible escape route from economic sanctions. The most recent economic measures are about the ruble, not cryptocurrencies.

I would like to see the beginnings of de-escalation in all this, but we are going in the opposite direction. I hope that at some point common sense will prevail and we will not end up with the destruction of humanity.

I think things like this are what are going to drive bitcoin up in the long run. People are going to learn the hard way that state currencies are ruinous and that the best way to keep your savings is Bitcoin. The only thing that is missing for people to adopt it more massively is a decrease in volatility, which is what many people are afraid of.

If it is true that they recovered your account, I understand that it will be something easily verifiable. In that case, I would send a PM to DarkStar_ to consider whether to remove the negative feedback.

Although I see you already opened a thread on the subject where LoyceV told you the same thing:


If you still have the red tag, I imagine that DarkStar_ will not change it.

It is only in times of conflict that many people learn. Those who keep an important part of their net worth in a hardware wallet are a minuscule part of the population. With situations like this people are learning that the only way to store and transfer large amounts of wealth without being blocked by any institution is to have your private Bitcoin keys. For small amounts there are still alternatives such as having cash or gold at home.

It will affect them as it always does: in wars and crises, the average citizen is always the most affected. In another thread I mentioned that there were queues at ATMs to withdraw money over the weekend, which indicates that they think they may lose their money and therefore prefer to withdraw it rather than leave it in the bank. It seems that many are also exchanging rubles for cryptocurrencies or foreign currency while Putin is forcing companies that trade abroad to convert 80% of their earnings to rubles.

As ordinary citizens tend to have few resources, they are always more affected by these issues.

From what I have heard, they have been kicked out of the swift system but only partially:

"The disconnection from SWIFT announced by the West on Saturday is partial, leaving Europe and the United States room to escalate penalties later."

One must think that Europe continues to buy gas from the Russian company Gazprom as if nothing happened:

"Three days after Russia invaded Ukraine, and after sweeping sanctions were levelled against Vladimir Putin's regime, Europe's appetite for Russian gas shows no sign of diminishing.

On Sunday morning, Gazprom, the Kremlin-controlled energy giant, said gas exports from Russia to Europe via Ukraine were proceeding just as expected.

On Friday, figures from Ukraine's grid operator showed that European imports of Russian gas through Ukraine jumped by nearly 40% on Thursday, the day the invasion began, according to Bloomberg.

Oil and gas have so far been exempted from Western sanctions on Russia."

Not surprisingly, they are classic allies and China is taking advantage of this to strengthen a front of opposition to the USA and NATO. Some people say that China is going to take the opportunity to invade Taiwan, but I don't know what to believe anymore.

I hope that the Chinese will put the brakes on Putin so that he doesn't go crazy and start throwing nukes and they can also help Russia to have an honorable way out of all this. It would not be a good idea to leave Putin in a humiliating situation and for him to believe that he has nothing left to lose anymore.

I have voted IDK because with so much uncertainty and instability I am quite insecure when it comes to making predictions.

Add to that the fact that last year there was a fairly broad consensus on minimum ATH that Bitcoin was going to reach, which was not met, and I think trying to guess on the price this month is quite a bit more playing guessing games than usual.

I believe anything: that due to the war the price will go down or that it will go up because due to the war a lot of people buy Bitcoin as a safe haven. Or that the price stays more or less flat.

There are so many factors that can influence the price that we can't know but I would say it is influencing it a little bit.

According to a forum fellow member in another thread:


Although he does not say where he gets his information from.

It seems that Putin's gamble is not working out as he had hoped. He is moving militarily rather slower than he anticipated and now apart he has taken two economic measures:

"President Vladimir Putin banned all Russian residents from transferring hard currency abroad, including for servicing foreign loan contracts, potentially putting much of the country’s $478 billion in external debt at risk of default."

Source: Putin’s Ban on Foreign Debt Service Raises $478 Billion Question.

To stop the bleeding of the ruble, which is plummeting even in the face of a weak USD due to over-printing, he has also ordered that: "Russian businesses that trade abroad must sell 80% of their foreign currency earnings and convert them to rubles...

A picture is worth a thousand words:



This is starting to cause panic among its population, which has rushed en masse to withdraw cash from ATMs:

Russians rush to withdraw cash at ATMs as rouble plunges; central bank hikes rates to 20%

The most important thing in the conflict is the human drama with dead, wounded and displaced people, but I wanted to open thread to comment in this economy section what could be the medium term future of the Russian currency and economy.

I wonder if some of these measures affect Best_Change, which I understand is a business located in Russia, but I don't know if they will want to comment anything.

I feel appealed for my part because I advertise for Best Change. I had seen on Best_Change's profile that it says location "Moscow" but I wasn't sure if it's a business located in Russia or what.


Me neither. Honestly, the argument seems like bullshit to me. I understand the position of the Ukrainian minister seeing himself attacked and the reaction is to defend himself trying to screw not only Putin but as many Russian citizens as possible.

I am not surprised that Binance has refused, as I share the argument of not making the just pay for the sinners. Trying to block certain users, politically relevant and if they are dumb enough to have their coins on the exchange is fine with me, but blocking the ordinary citizen who is trying to escape the ruin of the ruble I don't see the point.

The blacklist of coins that have gone through mixers or casinos has not been very successful and this is on the way to the same thing. Besides, with this perspective, those who are not fools will take their coins out of the exchange to hard wallets ASAP.

Yes, I have said so in other threads. I would think if we went below $20K it would set off a selling panic. You can never know for sure because some people say that if it goes down to those levels, the weaker players would have already sold and only the strong holders would be left, but within these speculative speculations and how irrational the markets tend to be, I bet on the first option.

Although I think it is quite unlikely that we will go below $20.

I don't think we can seriously talk about supports this year, given the way the price has been behaving lately, in addition to the political situation. For me the only strong support would be $20K because so far in Bitcoin in one cycle it has not gone below the ATH of the previous cycle. But we can't be sure of anything, neither how much it will go down nor if we will surpass $70K this cycle.

This is a general trend around the world: there are more and more taxes and more and more regulations. Every now and then a government will lower taxes a little and remove some regulations, but the long-term trend is inexorable. The crypto world is no different. At this rate states are going to tax you for looking at the price of Bitcoin on the screen.

Yeah, many of us weren't introduced to the forum by other people. We arrived in here after searching on the Internet.

And even if we were introduced to the forum in a way that is not correct, we are old enough to read, research and make our own decisions.

I don't like the OP's argument on its negative side. It has a positive side of saying: if there are people who were introduced to the forum in a wrong way, let's correct this. But the negative part would be to take the blame away from those who come to the forum and cheat, plagiarize, etc... because it turns out that they were introduced to the forum incorrectly.