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521  Economy / Economics / Re: Is this basically just another way to make money? on: June 03, 2018, 06:26:43 AM
But after all, it is money, first of all. It would be foolish to argue that as money, people who deal with it will not try to make money on them, and with such a real possibility. After all, a crypto currency is a very peculiar money. Its high volatility provides good opportunities for traders, and the simple retention of promising coins brings a high return to its holders.
522  Economy / Speculation / Re: Why is Bitcoin's daily price fluctuations getting smaller and smaller? on: June 03, 2018, 06:11:10 AM
It only seems to you. The fluctuations in the price of bitcoin do not become less. If it could be ascertained in a short period of time, then this is most likely a pure accident. The volatility of bitcoin can not be reduced. There is no reason for this. The price of bitcoin is still formed on the basis of supply and demand, and these concepts will never be permanent. If the price of bitcoin increases, I think its volatility will also increase. In this regard, the risk of investing in it will also increase.
523  Economy / Economics / Re: Reason we pay taxes and why we should on: June 03, 2018, 05:56:13 AM
Whatever we say about a corrupt and dishonest government, taxes will have to be paid off, otherwise, if we do not do this, it will be even worse. All that will require funding from the budget, will decline. Over time, it will simply become a disaster. Therefore, in order to avoid this, we need to pay taxes, including for dealing with crypto currency. If officials establish that the population shies away from paying taxes on profits that gives them a crypto currency, they will have an excuse for introducing various repressive measures in relation to the crypto currency and their users.
524  Alternate cryptocurrencies / Altcoin Discussion / Re: [2018-06-01] Tron Price Drops Off Cliff Despite Excitement over Mainnet Launch on: June 02, 2018, 08:32:39 PM
Despite the lowering of the price, Tron will be able to catch up later if the community subsequently positively assesses its separation from ethereum. I also want each coin or token to independently determine its pricing policy and not have a price binding to either ethereum or bitcoin. It is predicted that this can happen with all crypto-currencies in the further development of the crypto-currency market.
525  Bitcoin / Press / Re: [2018-06-02] Korean Govt. Clarifies Position After Supreme Court Crypto Ruling on: June 02, 2018, 08:20:22 PM
Now I'm confused. On one hand, the Korean's Supreme Court recognizes cryptocurrencies including Bitcoin as assets. On the other hand, the Minister of Strategy and Finance, Kim Dong-yeon states that “Virtual currencies such as bitcoin are not financial assets.”

As far as I understand, the Supreme Court has recognized cryptos as assets to have the ability to confiscate Bitcoins involved in criminal activity and imo they were right in doing so, but what impact it can make on the overall recognition of crypto in South Korea remains unclear to me.
If there is a case law in South Korea, or at least it is indicated, as in a number of other states, that decisions of the Supreme Court of this country are binding on all lower courts, similar decisions in similar situations will have to be taken by all courts. This is certainly a positive moment. Officials will not be able to resist judicial decisions for a long time. If in fact bitcoin is recognized as a property by the court, then the right of circulation of such property must be enshrined in other regulatory acts, as well as the protection of such property. In fact, this leads to the legalization of bitcoin and other crypto currency.
526  Bitcoin / Press / Re: [2018-05-29] Laszlo pizza man - 'satoshi was weird, paranoid and bossy' on: June 01, 2018, 05:45:21 PM
To make brilliant discoveries a person should not have the logical thinking of an ordinary person. Therefore, all the geniuses seem a bit weird and a bit paranoid. Only having thinking with deviations from the ordinary, such a person can discover something new, since the approach itself is new and unusual. That's exactly what Satoshi Nakamoto should be.
Perhaps he did the right thing, that he remained anonymous. So we are quite sure that the Crypto currency will remain decentralized and no one will be able to claim it as its property and its brand.
527  Bitcoin / Press / Re: [2018-05-30] South Korea Is Reportedly Going to Remove the Ban on Initial Coin O on: June 01, 2018, 05:28:34 PM
I hope that the legalization in South Korea of the process of issuing initial coins will occur simultaneously with the establishment of good rules for regulating this ICO process in order to make it more transparent, to exclude or at least reduce the risk of fraud on the part of the ICO teams and protect the rights of investors. Surely, after that, similar processes are activated in other countries. This is very necessary to restore the popularity of ICO, since this type of activity is very necessary.
528  Economy / Economics / Re: Each country has its own crypto currency! on: May 29, 2018, 09:11:15 PM
I think, in general it is a strange idea, in the world of the future we dont need borders, we dont need different money etc, all things should be easily for communication, thats why the decentralised technology started to be important, it is not only about money, it is a revolution of many aspects or our modern life that must be upgrade.
Interesting. Do you think that sometime in us the time will come without wars and armed conflicts and everywhere there will be peace and harmony? Can you name at least one period in the history of mankind, where would it be military? Such a period has never been and is not yet scheduled. Constantly in any country, a ruler with imperial ambitions will appear, as now in Russia, and the world is again gradually drawn into the arms race. We see that even within the civilized European countries there can not be consent in any way. Those were problems with England, now it seems that they are arising with Spain.
In this regard, you are unlikely to ever see a society without borders.
529  Economy / Economics / Re: Any ideas of what we lack in crypto world? on: May 29, 2018, 08:53:33 PM
In general, I want all coins and tokens to cease to be dependent on bitcoins in the price plan. I want the crypto-currency market to be a market, not a bitcoin, where he specifies when and which coin or token to grow in price, and when to fall. Now bitcoin has already fallen half as much and almost does not increase in price. Because of it, all the rest of the crypto currency can not be raised. This is a perversion, it can not be called a market.
530  Economy / Economics / Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? on: May 29, 2018, 08:42:59 PM
So that you do not think, but progress can not be stopped. We should not evaluate everything from the point of view of how this will affect the bitcoin. In my opinion, bitcoin was created for man, and not a man for bitcoin. We must consider technical innovations in terms of how this will affect a person's life. Therefore, if new technologies that create altcoyins with new good qualities are already invented, this is in any case good, no matter how it affects the bitcoin. If bitcoin wants to remain the leader of the crypto currency, he must quickly and on time improve, otherwise he can leave the market.
531  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can Eth Hit 1000$?? on: May 28, 2018, 11:18:30 AM
The market is start moving. Is it possible to hit 1000$ with in next month..??
As we could see, after a slight rise, the market dropped again and if the ethereum already climbed to $ 800, now, according to CoinMarketCap, its rate is only 538 dollars. While the bull market failed. Perhaps, closer to July, then the common market will rise and ethereum will also be able to rise.
It is very bad that almost all the price of a crypto currency depends on the rate of bitcoin.
532  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot be a global currency on: May 27, 2018, 05:53:03 PM
Citizens of different countries can use bitcoin as a global crypto currency. Bitcoin, in principle, is already being used for this.
However, at the state level, bitcoin and other centralized crypto currency can not be used for international settlements because it has very high volatility. I think that for this state will use different centralized crypto currency by their mutual agreement.
533  Bitcoin / Bitcoin Discussion / Re: Crypto VS national currency on: May 27, 2018, 05:29:58 PM
I found this expression on the news channel about the crypto currency: "Anyone who will try  to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national  money?
I think that it's possible, but it will take more time.
Crypto currency is unlikely to ever replace national money. This is impossible, because the national money reflects the state of the country's economy, the crypto currency will not do this. Therefore, it will unbalance the economy of any country, if it is replaced instead of national money.
Crypto currency can only go as an additional means of payment to national money, as it provides citizens with significant additional opportunities in financial relations.
534  Bitcoin / Press / Re: [2018-05-27] Project to Build Satoshi Statue Gains Support in Kiev on: May 27, 2018, 04:58:07 PM
Grin I can't figure out what face is going to be on this Satoshi Nakamoto statue. According to Wikipedia, Satoshi Nakamoto is the name used by the unknown person or people who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation.
 
Maybe it will be the face of a Japanese, at the same time it will be a symbol of the fact that Japan is very actively introducing a crypto currency in its country. However, I doubt that this will be feasible in practice. In any case, in the center of Kiev in place of the largest monument of Lenin to put a monument to Satoshi Nakamoto, this is unrealistic. At this point, most likely, will put a monument to some national hero, and not actually a monument to the bitcoin and his creator. If it is installed, it is not on the supposed place in the center of Kiev.
535  Alternate cryptocurrencies / Altcoin Discussion / Re: Freedom for ICOs?!?! on: May 26, 2018, 07:02:58 PM
In the near future, states will begin to massively regulate the ICO process in order to reduce the number of frauds among such campaigns. Very strict regulation of ICO projects is planned in Russia, where the proceeds from the sale of tokens will be credited to a bank account and the targeted use of this money will be controlled. Fraud in this case will be almost impossible.
If the process of regulation ICO will be extended to other states, then the popularity of ICO will greatly increase.
536  Economy / Economics / Re: Is it digital gold? on: May 26, 2018, 06:51:23 PM
Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
Personally, I am skeptical about this statement. While everything is fine, bitcoin can be compared with digital gold. However, it will not always grow and increase in its value. Already, certain problems are outlined in this regard. What will happen to your digital gold if bitcoin falls significantly in value?
In addition, a second scenario is possible. Let's say bitcoin will grow very much in price. Investors are happy, but will worry about their assets in bitcoin. And the volatility of bitcoin will manifest itself at its high price values ​​and, quite possibly, even more, because the range of price fluctuations will allow it. If volatility in time coincides with negative news, then the nervous will start selling their bitcoins with the fall of its rate. A panic will begin, which, according to the domino effect, will very quickly lead to its depreciation or a very substantial drop in its rate. What will happen with digital bitcoin gold?
537  Economy / Economics / Re: Choosing the one | What I think! - Real Job or Full Time Crypto! on: May 26, 2018, 06:30:39 PM
We can live only in our real world, and we can already make money in the virtual world. In my opinion, it is wrong to raise the issue of choosing entirely work in our world or virtual. Crypto currency sometimes brings a good but unstable income. Therefore, such work should be complementary to the basic work.
538  Bitcoin / Bitcoin Discussion / Re: Bitcoin's volatility is a non-issue on: May 23, 2018, 06:35:15 PM
The volatility of bitcoin is not a problem for ordinary investors and traders who trade on stock exchanges. They can earn a good profit on bitcoin volatility. However, this is a big problem from the point of view of any state. To have such unstable money of such astronomical value is a headache for every state. From the point of view of the state, in order that bitcoin does not harm the country's economy, a very balanced and subtle regulation of it must be done.
539  Bitcoin / Bitcoin Discussion / Re: Bitcoin will get legitimacy in all countries? on: May 23, 2018, 06:23:23 PM
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
While it can be said that bitcoin will become legitimate in most states. But whether he will become so in all countries, while speaking too early. Indeed, many states are not very friendly towards bitcoin and in general to the crypto currency, because it is uncontrolled and allows almost uncontrolled withdrawal of currency from the country. Bitcoin is too expensive and manifests itself as a financial bubble, which is very risky for investment in it from citizens of any state. Therefore, the crypto-currency for the state is not a very good phenomenon and is assessed ambiguously.
540  Alternate cryptocurrencies / Altcoin Discussion / Re: Country backed coins, a good idea? on: May 21, 2018, 04:38:18 AM
Some countries have already released their centralized digital coins, some said that they will be released soon. We still have no way to influence this process. We can only observe from the side. If we are confident in the advantages and viability of decentralized coins, then we have nothing to fear. Such competition with centralized coins will only benefit them.
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