Cryptocurrencies haven't affected the global economy yet, and if there's any effect, it would be too little to make event a ripple on the global economy's ocean of finances, corporations, governments etc. They are being noticed by magnates and giant corporations and some have even get themselves involved, but that's pretty much it. If a huge percentage of institutional investors laid their hands on cryptos, only then will it make a huge difference especially with the looming global financial crisis. People will have to transfer their money somewhere else where they can still make some profit amidst the crisis, and without cryptos, their only options are precious metals which can pretty much hold value over time and nothing more.

That would probably follow up but for now, it's best that they show positive interest towards crypto and its developing state, inviting investors that Ukraine is a friendly place to setup their businesses at. After all, if governments would start being positive towards crypto, it's a win-win situation since it will create jobs and generate more taxes while helping the crypto economy thrive and grow. For sure there will be crypto taxes in Ukraine since it's capital gains and big money that we're talking in here.

$1-T is already a difficult range and giving out $20-T market cap? That ain't gonna happen unless a severe hyperinflation happens with the USD. For now, people and giant companies see that bitcoin and other crypto is ripe for the profit picking, but when the fad wanes and people move into a different asset class, crypto will die out if it didn't reach any form of widespread adoption or practical use for people. Assuming that crypto becomes successful in the coming years, the global financial system would be deeply vested on crypto and everyone will bank on it, which I think isn't going to happen given the monetary laws and financial regulations a nation must make/do in order to keep economic stability. $20-T is like the total amount of circulating money in the current times, and even if you count decades on the calendar, $20-T total market cap for crypto isn't going to happen.

I don't think that's a problem as long as we don't cross $7000 or $6000 since that would be a different story. People seem to care about bouncing back to $10k or even $15kish knowing that everything at that point wouldn't hold, or isn't stable to say the least. With that said, consolidating @ $7k levels before making a push is better rather than sudden spikes only to see ourselves getting lower lows, or worse, slipping down back to $5k. It's not entirely a bad thing to stay sideways for a couple of weeks/months especially if there aren't any strong bearish sentiment building.

Cryptocurrencies, alongside blockchain, will never, ever solve the problem of wealth inequality and that's a fact. The article only stated equal opportunities but what kind of opportunity are we talking about here? At the end of the day, those richy rich people would have the last laugh while those who are waaaay below down the poverty line would still struggle to have something for a day. Blockchain isn't a tool for alleviating the stress on the shoulders of poor people, but it gives people the opportunity--especially in cryptocurrencies--to be their own bank, use their money wisely and take it from there. People's efforts and approach on doing things, at the end of the day, help them get better lives and no tools whatsoever will ever do that for people.

Your situation reminds me of not going full steam in a rather uncharted and risky road. Back when everyone is rejoicing because we reached a rather impossible milestone, I questioned the strength of the said rise and began selling little by little until I sold everything @ Dec. 11. I never thought of risky moves, never thought of being greedy, just saved something for myself in case it blows up. Then the unthinkable to most people happens, the bubble deflated, and massive selloffs were happening left and right. Most startups who established during Nov-Dec already faced losses, and like your fate, slowly sank to the bottom once more. Given that you already have the guts to invest and risk money, why not look for something to invest at IRL like stocks? Or better yet, create a business in which most people need in your local; I started a printing business not too long ago and the income is able to support me and my family for almost 2 years, and the funds I used to establish it came from crypto. Just study what your local populace need and try to create a feasibility plan before risking money again. It happens even to the best of investors too, you only need to be focused on your goals and never give up.

Though I myself am not verified yet on this exchange (going on for almost a year now, lol), I'd recommend Bittrex due to its garnered trust and reliability from the community over the past years. Its simple and easy to understand UI allows even newbies to trade with ease. As for BTC/USD exchange, I suggest you look for a platform that is within your jurisdiction or which accepts customers from your area. Kraken is my all-time favorite due to the fact that I never have problems with their customer support alongside their trading platform. As for a capital, it highly depends on your capability or how much money can you spend without ever affecting your personal needs and expenses. It's a tough call but I allocate 10% of my salary into trading/investing and the rest goes to expenses and savings which had been my setup for over 3 years now.

The only price range holding us from a severe crash is $6000. Once $6000 is broken, everything will fall apart, eventually leading us to even sub-$1000 which, I know is a pretty low yet probable price we'll be seeing ourselves. Right now, it's just playing between $7500 and $7700 for pretty much a week now, and we haven't seen any strong bull or bearish reaction yet. We're up for a sideways market up until one faction makes the first move, though I'm not seeing a major shift of the paradigm yet given how sloppy the market was in the past few weeks.

Though their government seem to be clunky, most of the Chinese people understands that the blockchain tech would surely bring in wonders to their tech and the way they handle things. As one of the biggest exporters of different items all over the world, logistics would be one part of a problem that they might be facing, and the blockchain tech solves that through careful application of the said tech in their systems. Another industrial revolution seem to be an overstatement, though, but they do have a point that the blockchain tech would play a major role in today's search for feasible, effective and reliable systems.

Buying bitcoin no matter the situation is would always be a game of luck and gamble. Anythig can happen in a few hours time, and the rapid change in price carries huge risks for investors. Also, the Japs haven't sold anything on Monday, that's all I observed. $100-$300 change in the price isn't a big deal anymore considering the price range we're sitting at, so it wouldn't be a surprise if the coin lost $100-$300 within a day.

Even legitimate websites have porn ads on them, props to Google Ads. Seriously, there are no written laws or rules regarding these type of ads though these might fall into fraud since you are freely advertising a phishing site or allowing these type of ads to appear on your platform. That's why Google banning crypto-related ads is nonsense, especially if they can't clean up their system and helping on misleading people. The PageRank algorithm is definitely a nice sorting system made by Google, but placing scam sites on top of the relevant sites seem to be a bad way of business and should be looked further. Just don't click those sites that you know are fake and always check if the website is on HTTPS or not since your credentials might leak one way or another.

Following this logic, we shouldn't have reached the $10k mark because people who bought at $1000 and $2000 would have sold by $5000 or $8000 or more. Do note that in a bullish run, people tend to be greedy and disregard the fact that the price is so artificially enhanced up to the point that it's unrealistic anymore yet people will still buy it because they don't want to miss any pieces of the pie left for them. They tend to hold longer, buy when not necessary just to make sure potential profits wouldn't be wasted. Also, for 1 person selling, there could be one guy buying, so the value is either preserved, lost, or appreciate. These rich dudes will do anything just to be richer, even risking their 'millions' just to create more millions.

Well for me, I've submitted my driver's license for KYC on bittrex, only for the application to be denied because it wasn't clear. Tried sending a scanned copy up to no avail, and it's been last January since they replied to my queries. Bittrex is the only exchange that I wanted to get KYC'd for but apparently, the verification team doesn't want to do business with me. All the credentials and IDs I've submitted are valid and can be verified if they really wanted until I just gave up. I'll try again and see whether I'll get confirmed now.

The reasons most of the people hold for the price to go mental this year is through the charts and previous market activity on the last quarters of the year. Personally, not every aspect of analysis ring true, or for that matter, not every price jumps or crashes need a reason; it simply happens due to market growth and trader's confidence. I for one thinks that the bearish sentiment, despite the awkward sideways movement of the market currently, is still present and might prevent any potential pushes in the next coming months. No good news I see is coming but rather overhyping and hysteria once again.

Never really knew who he is but he has some good points. The money coming from the bond and stock markets has to go somewhere, and cryptocurrencies are just one of the prime candidates on where the money will go. Sooner or later, world's debt will go through the roof, and gains made from bond and stock markets, rigged assets and whatnot would pour over another asset class that could potentially save these whales from an economic downward spiral. Gold and silver can be a safe haven but I think people would not like its liquidity one bit, together with the fact that you simply cannot make more gold/silver out of your pre-existing gold/silver as what's stated by the user above me.

AFAIK in the Philippines, it is not fully legal and accepted. It's just that the government is neutral about it and finding ways on how would they be able to use the capabilities of cryptocurrencies to boost up the economy and help the people. With the recent bust of a cryptocurrency-based investment (lol) NewG, the government released a circular regarding the widespread fraud related with cryptocurrencies. Most countries are also neutral regarding their stance on cryptos, but over time I'm sure that they'll give it a green light once proper regulations and laws are drafted concerning the rise of cryptos and bitcoin.

Probably not, unless it's some form of goods/items that can abundantly be found in the USA? I doubt they'll impose some restrictions on machinery such as ASICs and the likes.


AFAIK, there had been some companies which attempted to create their own ASICs in the past but failed. BitFury is there but the sales is just meh compared to the Chinese giants. If the price of bitcoin overshadows the price of creating ASICs tenfold, I think the Western lads would probably try and enter the ASIC manufacturing business with a bang.


GPU sales actually increased even without ASIC production shortages, so this analogy is somehow skewed and wrong.


It highly depends. These companies would find a way to avoid the trade restriction so there's that.


Refer to the point above. If they can circumvent the goods, why would they need to relocate their whole operation?


Given the statistics that a huge percentage of miners hail from the East, I doubt this will cause a large impact on the manufacturers' side.


No. Just a man-baby with tantrums going rogue.

The crazy rises, as history painted, often starts Q3 of every year, so my take is that sometime between July and September is where everything starts to get wild for the bulls' side. Right now, the market seem to be in a quiet state and moving sideways; no bullish or bearish sentiment forming right now so it's kinda hard to say where we'll be going this month. All I know is that the price gap is slowly closing in for bitcoin, and several bullish/bearish patterns have appeared over the course of 3 weeks yet no major movement have been detected whatsoever.

China is the land of rumors and the cryptocurrency market seem to just ignore whatever news is happening in there. Since their bluffs on the past years, whatever news in China happen to not carry any relevance on what's happening in the current cryptocurrency market. We already have big market movers like Japan and SoKor that seem to be more relevant compared to China who was once a giant force in the market. Traders don't consider the rumors building in on China anymore, and just focuses on what's up with the market on different borders and places.

As for the price, it's been going stagnant or sideways for a few weeks now and interesting how the market doesn't want to react. Positive news or negative news, the market still stands strong on the $7400-$7700 ranges. The theory on 6th of June doesn't seem to work as well, and no further trend has been created. The market is quiet, or someone is creating some form of pressure for the weeks to come.

Creating a 51% attack against bitcoin would simply be a suicide, especially to the perpetrators knowing that they'll shake the market's confidence therefore creating a panic selling scenario wherein everyone and their mothers would be selling. The effort would be a dire one knowing that they'll just lose money in the process without gaining anything, except for destroying the bitcoin market and ecosystem. If hashing power and power alone is cheap, I'm pretty sure someone would do this for their personal reasons, but with so much money invested on bitcoin? I don't see any dumb individual/organization would do this for the sake of 'learning'.