In this there is nothing unexpected. Europe was attacked by terrorists. We see that senseless terrorist acts are committed in European countries. They simply attack with knives on passers-by, then on cars crash into the crowd, then make explosions in public places. Europe simply has to defend itself. Therefore, in Europe, identity identification will be used in the exchange and sale of crypto currency on exchanges and exchangers. With this, you just need to put up with the inevitable.
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All of those 5 countries look like poor countries and I don't think they have many influences on bitcoin neither on its popularity or its price. A very few people from those countries actually use cryptocurrencies and that's why I say that. Also, I don't think this ban will actually stop people from using cryptocurrencies. Maybe they can't use bitcoin in national shops but they surely can use cryptos for international payments since governments can't check those transactions.
It would be interesting to know just how strong the prohibitions are in these five countries and whether these prohibitions are circumvented by citizens. This is very important, because we need to know whether these prohibitions have success, or they are only formal and the state does not have the opportunity to control them. I think that other states now, before issuing such prohibitions, will review the experience of such countries and ultimately decide whether to impose such prohibitions in their state, or not.
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Is there any reason why there is such a situation in the merket? That's the worst scenario i've ever seen.
Now I see two main reasons, because of which the rate of bitcoin falls, and with it all the crypto-currency. This is negative news about the crypto currency, including fake ones, and throwing on the market for sale large batches of bitcoins by such persons as Mt. Gox from Tokyo. So, today there were news that Mt. Gox today sold 8,200 bitcoins on the market and therefore bitcoin fell in price to about eight and a half thousand dollars. And all he intends to sell two hundred thousand of his bitcoins. If he also sells them in the same lots after the restoration of bitcoin in the former value, he will restrain the bitcoin course for years.
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This recipee could be a thing of the past. Nowdays it may be better to look for opportunities as lots of talent is going into the market. Do you still think of becoming a millionaire by hodling?
It is not always the long-term retention of coins and tokens is the best for making a profit. Sometimes coins and tokens grow in value, then again fall off periodically and if in the end the price increases, then not much. Therefore, it will be better to combine the retention of coins with their periodic sale at large increases and depressions in the price.
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What's your opinion of the market? Everything is better than last month but we don't know when will be downtrend again. Could BTC reach 9k$ this week?
First of all, we need to treat all the movements of our coins and tokens calmly, then we will make fewer mistakes. Crypto currency will periodically rise and fall in price. And sometimes the behavior of the crypto currency can be predicted, but in most cases it can not be done. Of course, bitcoin will recover after its longest and greatest decline and grow further in its value. However, there are also many factors that inhibit its growth and can not be predicted. It is impossible to predict when there will be negative information about crypto-ala, which will affect its price or when such people as Mt. Gox from Tokyo will again throw large batches of bitcoins onto the market.
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As a rule, almost all new tokens after their transfer to the stock exchange first temporarily fall in price, as many want to sell them and immediately receive a certain profit. Some token holders just need money and they drop their tokens even if they have a decent fall already. If the project, as a result of which the token was released, is quite promising, then in about six to eight months, the token usually restores in the previous price of the ICO and grows further. However, there are a sufficient number of tokens, which for various reasons cease to be supported by the team, or become unclaimed and permanently leave the market. This is a natural process and it will always happen. Only necessary and useful tokens remain on the market.
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In my opinion, you always need to combine these two options. Everything depends on the coins themselves, their prospects for development and market behavior. With high volatility, when the market is not constant in price, short-term storage and frequent sale and purchase of coins or tokens will be very suitable if they are to rise and fall sharply. During the period of relative calm, we are forced to switch to longer storage.
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If the crypto-currency market falls heavily, I would first of all buy ethereum. This coin is promising in itself, and is also necessary for moving tokens if you are doing them. You can also buy a certain number of bitcoins. After all, the rest of the crypto currency depends on the price of bitcoin. There are also many well-known promising coins, such as monero, litecoin, neon and others.
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Do you think eth can reach 2k usd in 2 months time?
We remember that when bitcoin climbed to $ 20,000, ethereum grew to about $ 1,400. Since the price of this coin depends on the price of bitcoin, so that the ethereum should rise to 2,000 dollars, it is necessary that bitcoin cost at least $ 25,000. It is unlikely that this increase is possible in the next few months. By the end of the year, this increase is possible with a good confluence of circumstances.
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One can say with certainty that the crypto currency will not die from its global regulation by various states. Crypto-currency state regulation on the contrary, is necessary for its further development. So, we can already see that Germany recognized the crypto currency as a means of payment and freed any transactions with the crypto currency from paying taxes. France recently significantly reduced the tax rate on the crypto currency. So far there are no critical situations for crypto currency in any country that would arise from state regulation.
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Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
I would not say that there is now a competition between the crypto currency and the currency fiat. Crypto currency will greatly press fiat, however to a certain extent. Further crypto-alaite can exist only in parallel with ordinary money, it can not completely replace conventional paper money. This will not allow to do first of all the state, since the crypto currency can completely disbalance the economy of any state with its high volatility. Also, a certain part of the population will be against the transition to the crypto currency, because its use implies certain knowledge and the availability of technical means and connection to the Internet.
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I do not see any reasons for bitcoin to disappear in the future. True, this is possible in the event that it ceases to improve and eliminate its shortcomings. Most likely, bitcoin is transformed into something new. It can be something functionally new, or new in form. It is possible that bitcoin will have the advantages of various types of money - cash and non-cash, securities and others. An example of this is the issue by Singapore's Tangem firm of banknotes with a nominal value of 0.01 and 0.05 bitcoins. Something like this can happen with all bitcoins. So the crypto-currency creativity is yet to come.
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For me in the future it can happen because think if the price is so high that's not good in transaction so i think it can be stable or the price stay like $30 to $40 high then low only in $15 so that's good in traders,users and the transaction because it's run by investing and in transaction but still it's give so much conveniece now i think also we already experience the future of btc.
How can traders abuse the market? In my opinion, this is their job: to sell more expensive and buy cheaper. By these actions they are on the contrary, they help stabilize the course of bitcoin and crypto currency in general. As for the stability of the crypto currency, it can not be stable by nature. Demand and supply are constantly changing, because they depend on many factors and, above all, on different news information.
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If you are afraid to provide your personal data and copies of documents while checking KYC, you can use any other documents that are in large numbers on the Internet. I know that many now do so. In general, I think that the requirement to undergo such a check against the participants of the ICO generosity campaign is illegal, because we do not invest in such projects and can not launder dirty money. I have not yet seen any campaign that sucked on any regulatory document that gives them the right to require me to provide such data. My country has a law on the protection of personal data and this case does not fit into this law.
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Keeping bitcoin is one of the things that is of most interest to this point, we can imagine keeping bitcoin like keeping gold or even diamonds, so keeping bitcoins gives us the best return. Here are some reasons why we need bitcoin: + Bitcoin is the only, most scarce and most wanted in the world! + The average person in the world only owns 0.03 btc per person! + Bitcoin may be more valuable than gold and diamonds because of its scarcity. + Transnational and transnational remittances also contribute to why keep bitcoin. + Lastly, the reason I keep bitcoin is to use bitcoin to invest in cryptographic coin that yields extremely profitable through ICO! ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) You opinion was right. I'M agree that keeping bitcoin like keeping gold or even diamonds because of you store it for a long time and when the time comes that the price of it will be rise or increase you can sell it so that you can earn more salary. While storing bitcoin and earning it at a cost increase is very beneficial and there is no doubt about it. Investing in bitcoin is now quite safe. However, when it reaches a significant cost, investing in it, as I believe, will be more risky. If you only deal with holding bitcoin, there may come a time when he can again return to the cost of a hundred dollars. It can be ruined by great volatility and alarmists, who, with the slightest negative information, will sell their bitcoins, which will have a high price. Now it is better to periodically sell and buy bitcoins at a peak and lower prices, making good profits. In addition, this will help to stabilize the course.
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My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with But every government have their own policy in order to protect people from bad things. For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
Yeah,some countries are seeing bitcoin from the different angle which can be beneficial for the citizens not the bakers or the big whales.Because decentralization will kill the banking system soon.So many bank compromises the government officials and standing against crypto currencies.But my countries really doesn't take any action against crypto users,so hopefully they won't take steps against bitcoins in future. Crypto currency can not destroy the banking system. Such a statement is absolutely wrong. Banks will always exist, because they are actually part of the state. Banks serve the economy of any state. Therefore, in the event of a conflict of interest between the crypto currency and banks, the state will take the side of banks. This should always be remembered, so it is not worth it to openly conflict with banks.
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Each state has the right to tax any activity of citizens, which brings income. If the relevant state bodies make such a decision, we will have to pay taxes on profits in the crypto currency. We are not going anywhere. Evasion of taxes is usually considered a serious crime in any state. Of course, paying or not paying taxes, everyone's business.
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I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
There are really a lot of discussions about banks in this forum. This is quite logical, since banks and crypto-currencies are competitors among themselves. In addition, banks often try to prevent the introduction of crypto currency into our lives and this is also the subject of discussion in this forum. When the crypto currency is legalized by the state, the banks will cease their subversive activities against the crypto currency and will adjust to the existing circumstances, rendering also their services in the crypto currency.
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Yes, this is still one of the biggest problems of the crypto currency and at the same time its biggest drawback. Now there are almost no free prices for altcoyins. Most of them depend on the price of bitcoin and this is very bad. I do not even know yet how to remove such price dependence on bitcoin. Perhaps over time the crypto-currency market will become more mature and this dependence will be less evident.
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Crypto currency is still poorly used as a means of payment, that is, as ordinary money, because infrastructure is still poorly developed for their use as money. So far, very few retail outlets and service industries directly accept crypto currency for payment as ordinary money. If such an opportunity increases, then as a method of payment it will be applied more often. After all, the crypto currency was not created as a means of storing value, its main purpose is to use it as money. Because of its limited use as a means of payment and the expectation that it will grow in value, as long as it is used more as a repository of value.
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