That news didn't come as a shocker though! Russia was always an anti-crypto nation like any other communist countries and they have already declared cryptocurrency as not a legal tender long back. So it was no wonder that they would eventually block trading in their country, which has now come into effect! I understand people can still use it through VPN, but a large percentage of population will be effectively discouraged before using localbitcoins now because common people usually don't want to break laws. The only hope is that, we have some other platforms like Paxful or Bisq which may come into rescue at this point!
But if I look for a long term perspective, Russian government will eventually declare cryptocurrencies as illegal. At least the trend is showing this way! It seems like Russian government will ban it in a stepped-up measure.
Paxful is basically a scammer marketplace and I was really disappointed by their service.Look at Paxful's Trustpilot score and reviews and then look at Localbitcoins reviews and score on Trustpilot.Localbitcoins is way more legit than Paxful. I've never heard about Bisq or Hodlhodl. Anyway,I assume that Russia will ban all the P2P crypto exchanges,since the service which they offer is basically the same.The Russian government doesn't want capitals to get exported outside Russia and cryptocurrencies are an easy way to export money outside the borders. |
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Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, the JPMorgan analysts wrote. This sounds like nonsense to me.There's plenty of space for other companies to invest in the crypto industry. The risk of "getting shut out" is totally fake,if you ask me.There aren't any "market barriers" in the cryptocurrency world(except KYC,but the fiat payment processors already have experience with KYC policies). Maybe the analyst is talking about a possible crypto price boom that will benefit the early investors,who bought cheaper coins,while the companies,which are investing too late will have to buy coins at a higher price. |
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Show me shops where i can spend crypto ...
crypto is useless...
type "buy with bitcoin" on google search and you will not find any major retailer using bitcoin or other cryptos
So what's the point of crypto if i can't use it to buy stuff ?
What do you mean by "major retailer"?Amazon,eBay and Walmart? Well,the discussion about why the major tech giants like Amazon and eBay aren't accepting crypto is going to continue forever.If you ask me,Amazon and eBay will never accept crypto payments,because there's no need for them to accept crypto payments-the costs will be more than the benefits. Anyway,there are many small and not-so-small companies that accept crypto payments(most of them were mentioned on the previous posts). If you are so disappointed by the cryptocurrencies,then don't use them and get a credit card. |
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What do you think about the current trend?
Will it help improve on how the rest of the world perceives about bitcoin? Just because a few companies decided to buy Bitcoin,that doesn't mean that a trend is created. We should call this 'a trend',if more than 100 big and medium-sized companies buy BTC. I respect every company and business owner,who decided to buy Bitcoins in this recession. The global financial situation might get even worse in 2021,negative interest rates aren't stimulating the economy,so hoarding Bitcoins might not be a bad move at all. |
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To me,DeFi tokens are kinda similar to ICO tokens(I don't know whether or not DeFi projects will become the exit scams like ICO projects).
Back in 2017,when ICO projects were exploding,the Bitcoin price reached it's absolute peak.
So,the answer is yes,DeFi projects can help for boosting the Bitcoin price,but I think that this price boost will look more like a price bubble,that will eventually burst,rather than a stable long term price increase.
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There's no need of over-dramatic posts here.
Losing money while trading Bitcoin is something normal.Only the most persistent will survive in this game.
I don't know anything about this crypto exchange platform located in Kuwait that you have used,but I would never "bet" all my coins on a small regional crypto exchange platform.
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That guy purchased some Bitcoins and we are discussing him for about one week on the forum.  Can we stop discussing every guy,which is barely famous,who decides to buy some Bitcoin? This is probably the 10th forum thread about Godfrey Bloom.If you wanna join the discussion about him,why don't you just reply to one of the older forum threads about this newfound "Bitcoin celebrity". |
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Climate change is inevitable.It's too late to take any actions that would reverse the process of global warming.
Integrating third party solutions,which are centralized,just for the sake of boosting global Bitcoin adoption will change the concept of Bitcoin and turn it into a crypto version of the centralized currencies.
Crypto mining kinda help for pollution and global warming,because miners in China are using electricity produced by burning coal,which means that crypto mining is still part of the problem,not part of the solution.
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Find a country,where gambling under 18 is legal and emigrate there.  I don't know about such country but you must not give up and keep searching. No casino website in the world will allow you to gamble,if you are under 18.They might even scam you and steal your cryptocurrency,if they find out that you are a teenager/kid. |
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When the resistance breaks,the price will go down,which might cause some whales and bulls to wake up and start buying,which means that the price might go up again,if the buying pressure is strong enough.
Anyway,the resistance might not break until Christmas or maybe January 2021.
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This is a pointless historical comparison.
During the 2012 US presidential elections(Obama vs.Romney)The Bitcoin price was below 10 USD (AFAIK).
And so what?What's the point of remembering this information?
We have to be focused on the future of Bitcoin,not the past.
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This shows to me,that people in the third world countries are becoming desperate and looking for a financial alternative.Just because BTC P2P trading volume has reached ATH in countries like Philippines,Nigeria,India,Ghana and South Africa,that doesn't mean that Bitcoin will reach it's new ATH soon.
We need countries like USA,UK and Japan to join this trend of achieving All-Time-Highs in their BTC trading volume,in order to pump the Bitcoin price.
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Your explanation makes it all so clear now.
Yeah,definitely.I can understand how the universe works now. By the way,Tether doesn't burn their coins.They just keep them in reserve and use them again,if someone wants to exchange fiat or other coins for USDT. The paper money aren't exactly destroyed(unless they are damaged and have to be recycled).The amount of paper money in circulation isn't that big,but fractional reserve banking multiplies the amount of money in circulation a lot. |
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I've checked the reviews about Wirex on Trustpilot and it seems that they have a pretty high score. 4.3 out of 5 from about 6.5K reviews isn't bad for a cryptocurrency company. They are not a scam,but It looks like their customer support has a lot of work. However,having lots of positive reviews online doesn't mean that a company won't scam you.  |
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It seems to me all crypto content creators are victims of the "shiny object syndrome".They want to find the "next big thing". The altcoin or crypto project that will take the crypto market by storm.Or maybe they are just being paid for promoting shitcoins and potential scams.
I don't watch crypto content creators that much anymore.I last crypto youtuber I watched was Francis from the "The crypto lifestyle" Youtube channel.He was entertaining.
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Google created Google Pay(which isn't available worldwide,but they might expand that service).
Facebook had plans to create their Libra coin,but I guess that this project will never launch.However,I heard that Facebook might launch a "Facebook pay" feature.
Amazon has a payment gateway called "Amazon Pay",if I remember correctly.
Microsoft is a company,which sells operating systems,software and Xbox games.Why would they bother creating "a new PayPal"?
All the tech giants I mentioned are accepting credit/debit cards and there's no reason to switch to another payment method,since 99% of their customers are comfortable with using credit/debit cards.
PayPal is an unnecessary middleman service,which makes millions of dollars out of transaction fees and blocked funds inside accounts that were limited and flagged as suspicious.
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Damn,I never knew that Bitcoin "coupons" are being sold in tobacco outlets in France.
Perhaps Bitcoin gift cards/coupons will be an easy way to introduce BTC to more non-tech savvy people and help for further adoption of Bitcoin.Unfortunately,Bitcoin can be used for evil deeds,not only for good deeds.
By the way,good job done by the French police.
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What are your thoughts about BTC being use as a store of value in hyperinflationary/ authoritarian economies like mine (Venezuela) ?
Do you think is it an opportunity for bitcoin in terms of adoption?
Do you think that people within this situation should opt for other more conservative alternatives?
What would an authoritarian government do when realizes people is using something they cannot completely control?
I already have some idea about these topics, but I would not be wise of me not to ask others.
If you have any other comments in the matter, feel free to share them.
This is an old topic that has been discussed a lot. Some authoritarian countries are very anti-cryptocurrency oriented,while I don't know what is the exact position of the government of Venezuela in regards of Bitcoin and using cryptocurrencies inside the territory of Venezuela.Is Maduro anti-Bitcoin?Is he pro-crypto?The PETRO coin project was a failure,but I assume that the Venezuelan government isn't that much into the anti-crypto team.Maybe the government is neutral and doesn't mind people in Venezuela to use Bitcoin/altcoins in their daily life. |
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Even if they found the hackers,the lawsuit will take years and the stolen funds might never be recovered.
This seems more like a PR move,rather than actual good news for the Kucoin investors,who have lost their coins.
By the way,is this forum post some kind of advertisement?What is this Decrypt app?If you want to promote a Crypto news app,you could post a forum thread in a more suitable sub-forum.
The crypto industry is still at a very early stage and hacks and scams are still a big problem,but I think that crypto trading platforms will become more and more secure,year after year.
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