Governments and banks can no longer ignore bitcoins and other crypto-currencies because of their increased capitalization and interest in them. And they faced the difficult task of classifying the crypto currency, because it does not fall under the classic signs of currency and securities. In addition, governments and banks are no longer averse to using the crypto currency to extract their financial benefits. I think bitcoin from this in the loser will not.

I do not know how to fight corruption with the help of bitcoin. However, with the help of bitcoin, you can avoid paying taxes, laundering dirty money and committing other crimes. However, this can not in any case be accused of bitcoin and other crypto currency. Almost everything can be used for both good and evil.

Tracking the profits of a particular citizen from operations with crypto currency is very difficult, almost impossible. However, the investigative authorities for a number of transactions and other indirect evidence, in principle, can in some cases identify a specific person and prove the failure to pay taxes to them. However, this is extremely rare. As a rule, this can not be proved. However, if the data of your purses enter the hands of the investigative authorities, it will be easy. That's why these data must be kept in strict secrecy.

Legal is what is regulated by the state. At the same time, if certain actions are not prohibited, according to the general rule they are considered admissible. Thus, each person can perform any actions with the crypto currency, if they are not directly prohibited by law.

Each state may, at its discretion, establish taxes and fees for its citizens. Such taxes can be set for the profit that the citizen receives from carrying out various operations with the crypto currency. Here it is up to everyone to comply with the prescriptions prescribed by the state, or not. However, non-payment of taxes, depending on the unpaid amount, is usually a crime and provides for criminal liability.

"Virtual property" is much better than simply banning crypto currency. It seems that China is returning to the world of crypto currency, and without attempting to ban it. Perhaps this was the original purpose of a certain group of people in China, namely, to sharply lower the rate of crypto-currency. If you set the goal for what it was, the conclusion suggests itself: someone decided to buy a good bitcoin at a cheap price. Well, we can say that the one who had weak nerves lost. He dropped the crypto currency at a cheap price. But in vain.

From the position of October 1 it is already possible to say finally that the bitcode is not dead again and feels great. He already stably keeps on the course more than 4 000 dollars and it seems that soon his course will sharply go up. The reason for this can be the expected adoption by the Chinese government of legislative regulation of the crypto currency instead of its advertised ban. It can happen in the coming days

The person who subscribed as Satoshi Nakamoto pretty well thought out his line of behavior in order to remain unidentified. With what motives he did this, apparently, this will remain a mystery. Perhaps, it should not be attempted to disclose it. It's even more likely that this will remain a mystery forever. Too much time has passed from January 3, 2009, when the first bitcoin was created.

It is unlikely that any altcoin in the near future is able to bypass bitcoin at a price or capitalization. Too large gap. However, if such a fantastic event happens, it is always necessary to remember the high volatility of the crypto currency. Therefore, you do not need to rush to buy those coins that go to the leaders at a cost. All this can be temporary. Before you transfer a part of the currency to another, a more successful digital currency, you need to make sure that for its growth there were objective reasons. And with bitcoin if the money is to be rented, then only partially, in any case no more than thirty percent. Bitcoin will always regain his lead. Equal to it yet.

If governments set some rules on the circulation of crypto currency in this country, this will only strengthen it, since in this case the state will by force of its laws already protect the interests of the owners of the crypto currency. This protection includes, first of all, judicial protection, when anyone who has rights violated by the crypto currency can apply to the court. If the state does not regulate the circulation of crypto currency, there will be no such protection.

High commission fees for a transaction are one of the largest available shortcomings of bitcoin for transfers of small amounts of payments. Therefore, bitcoin is increasingly seen as a means of accumulation, like digital gold, and not as a means of payment for the needs of hunger. Perhaps this will remain a feature of bitcoin, which, in this case, will be used for large payments. However, it's bad that now, to work with a significant part of the altcoyins, they need to be transferred to better known ones, such as the etherеum or the same bitcoin, for making payments, and only then carry out the transfer itself.

Now, after the information that China intends already today, October 1, legislatively regulate the circulation of the crypto currency, rather than ban it, as previously stated, China will have to win back lost positions in the crypto currency market. This price for ill-considered actions. Now China has to fight for leadership with Japan. In general, it is very good for crypto currency.

The fact that the Chinese government intends to settle the circulation of the crypto currency already today, October 1, is a very good sign for the crypto currency. If such regulation does not bring us unpleasant surprises, then the crypto currency will react to it by a rapid and long rise in price. So, after a sharp fall in the rate and a month-long stagnation associated with the information about China's plumbing to ban the Crypto currency, bitcoins and other crypto-currencies are emerging as winners. Perhaps not the least role in this decision was played by the fact that the Chinese government analyzed the situation and was convinced that the ban on crypto currency would not bring the expected effect.

Now the bitcoin rate is 4,348 dollars and continues to rise in price. An hour ago his rate was slightly less. So now is not the best time to buy it. Apparently, bitcoin has reacted to the information that has appeared today that China is not going to prohibit its crypto currency, but only to regulate its circulation. This opens up wide opportunities for a sharp increase in the price of all the crypto currency. In an extreme case, you can buy bitcoin right now, vseravno it will continue to grow in price and in the end will bring a good profit.

While there is no need to replace bitcoin with another crypto currency, I hope that such a need will not arise in the future. Bitcoin as a digital technology does not stand still, but develops and continuously improves. This is constantly monitored by his team of developers and various techies, eliminating its vulnerabilities and making it more convenient and perfect.

Bitcoin as a kind of crypto currency can not so easily disappear. He is pretty well protected technically from all sorts of troubles that can happen to him. However, even if we assume that bitcoin suddenly disappears, then this should not practically affect the existing altcoyins.

There is a clear generally accepted concept of currency. By this term, bitcoin can not be classified as a currency, whether we like it or not. Therefore, most likely bitcoin and other crypto currency should be considered as an asset. Crypto currency can become a digital currency only when states legislatively change the wording about the concept of currency, adding it with the text that characterizes the digital currency.

The blockchein technology on which bitcoin and other digital currency is based have a high degree of security and no hackers will be able to break it. This technology has already been evaluated by a number of states and began to introduce it into their branch computer systems.

To make ordinary paper money have been replaced with crypto currency, many conditions are necessary. It is necessary that the development of technology and technology has reached a level where computerization and the Internet will be in every home, in the poorest family. It is necessary that everyone has sufficient skills and knowledge in the crypto currency so that he can freely purchase goods and services for the crypto currency. Now our society is not ready for this and it will not be ready for more than one generation.

This is definitely good information. It is necessary not to prohibit the crypto currency, but to regulate it. The Chinese government seems to have finally realized this. Now bitcoin will go up sharply, and behind it and the other digital coins.