Everything is ok and fed is also planning to adopt bitcoin. It takes some time but in that time they prepare everything for their adoption. In the current situation Ukraine government is asking for donations in cryptocurrency to support Ukraine.
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In this situation do you not think USA has to support crypto?
Where do you think those donations come from? North Korea, China, Syria or Iran?  Those donations in Bitcoins to Ukraine are possible because the west is sending bitcoins. What more do you want from the US? Biggest mining farms, most bitcoin nodes, most LN channels, most BATM, biggest investors, companies, and funds owning bitcoin in the world, ask other countries to do at least a third of it. These are all which shows that USA is positive in case of crypto. |
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That’s because they and other countries like India, China and one more is there are directly involved in strategic partnerships with USA, UK and Russia. The thing is, if they give direct support to Russia or if they don’t support Russia they will get negative impression from both side.
I mean they have proper business and proper treaties with all the nations above so why would they show their support directly?
It’s not like they are gonna work normally with them, it’s just that they have commercial relationships with many countries and they do not want to be part of the WAR and any decisions made thereafter.
These countries are allies and sanctions will not let them interfere despite many countries will join in giving sanctions but these countries are more focus in their business and that they know how the economy will be affected. Russia in other ways know these at first that China will still support them even there are many countries who will against them. Actually China do not have good relations with USA and they do not agree on any call from the USA. Because the sanctions started from USA and they called their allies to follow so China is not showing themselves as the allies of USA. |
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I'm sorry, but maybe my family and I will die tomorrow if the world does nothing, so
Ban Russia from SWIFT! Protect Ukrainian Sky! Send NATO to Ukraine! #BanRussiafromSwift #CloseTheSky #SendNatoToUkraine
you can ban me if you think it's necessary!!!
I am very sad to hear about that. I can understand your emotion. I know you are more worried about your family and lives. I hope everything will be better. The world have to care about Ukraine. I was weeping to hear that people there are in danger and none of the nation came to protect them. We hope for the peace to establish there and people start to live happily again. |
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Using banks is way too convenient for people to abandon them. It's like boycotting cars or the Internet or smartphones at this point. And there's really no alternative to them now, not even our beloved crypto, because of fees, transaction times, price volatility, lack of merchant support, weakness to malware and so on. So I can totally see how people who boycott the banks today will return to them in a few weeks once this all blows over.
I do not think that banks have that much importance for our lives as cars, internet or smartphones because there are many alternatives of banking system and majority of people are working without relying on banks but the other three are used by almost all of the people. We cannot resemble these three with banks. With the current decision of Canadian government not only the victims will lose trust on banks but other people will also worry and will find other alternatives which maybe crypto for them. |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
It's hard to pinpoint all the interconnections, hopes and fears that drive financial related transactions but I distinctly remember right after Covid started. The stock market began to crash and Bitcoin went with it - so the effect is not limited to specific assets, or sub classes within those assets. However there definitely is correlation between cryptocurrencies for all sorts of motives - you've got whales involved, which might sometimes be hedgefunds trying to take profits when things look negative and you've got people who bought in but were hoping to see rises, then they get spooked at the large amount of volatility in the market - people are happy to see it go up 10% in a day, but might get spooked if it drops 3%. It's impossible to tie these things down to one reason, because there are millions of different motivations and requirements out there. Actually all of the investors belong to one class and they invested on a large scale on all of these assets and the are interconnected with each other in their specific investors platforms and they all stay alert about all the news on crypto these may clear your doubt because they all get informed at once of a sudden rise and fall and they all react at the same time which reflects in the markets of all of these assets. That rise or fall continue for some period of days or weeks which means that a good number of investors and traders get the alert or realize the situation later and they react later. That thing interconnect all of the assets in market movements. While the price difference of each coin is a different matter that difference is because of the demand and supple and the marketcap of the coin/asset. |
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So I'm wondering what kind of unprecedented economic sanction can be given to Russia if they continue to evade Ukraine.
There is a huge difference in what can and what is going to be done. Most likely they will stick with technology access and investment and financial sanctions as well as probably a ban on some categories of goods for good. Not much on paper but I will have to remind everyone, especially the guys that we're cheering how Huawei will piss on US sanctions that the king of 5G is selling his flagship smartphones without 5G as they are cut from that technology, and these are sanctions on a company, not a country. I already know what people are going to say, but Russia will seek other trade partners, bla bla bla, they will replace the western trades with somebody else. Yeah, they might try but the success will be limited, and it's simply because of the sizes of the economy, Russia if it will cut completely western trades they must import from other places, it's a 120 billion market which might sound tempting till you realize that just 3 countries like Thailand, Malezis and Brazil export that much to the US alone, not counting the EU. Will these risk throwing away 112 billion in exports in order to battle for a piece of a pie that is just 120 billion (for now as the ruble will most likely lose more value) in total? No. So, with who are you going to trade, a block of countries with 28 trillion in GDP or a country with the economy size of the Netherlands alone? The answer is pretty clear. If the Russian petroleum products will stop to enter the remaining world then all of the businesses and vehicles will stop on roads because only Arabic petroleum cannot fulfill the needs of the world and the prices will multiple a dozen or more. There will be a shortage.
Use logic. Russia needs to sell that oil or it will starve, they will try to sell it cheaper to partners that now buy Arabic oil like Asian countries, Europe will simply pay a bit more and Arabic countries will export the oil that was meant for Asia oil here. Oil is easy to transport, gas was and is the problem. After sanctions there will be very less countries remain with Russia because other countries will not want to get the anger of USA and the Arabic countries are unable alone to fill the needs of the whole world. There is a full pipeline spread to the whole Europe for natural gas what will they do if that line is cut off. Russia do not rely alone on petroleum but they have more source of income. Just remember a few years ago when Russia denied to supply the aluminum to the remaining world then there was a huge shortage created. The car manufacturers were very disturbed and the price of cars spiked. That is another product which the world need. I am in the favor of peace and want that Russia do not attack on Ukraine but that is just a reality of the fact about this discussion which I want to clear. |
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I also wonder and immediately open the thread and read it but OP not given any link for proof of news. It is already announced that they skipped the plan of ban and they decided to regulate it in the state and to approve it as a legal tender in the country. |
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They will impose economic sanctions on them and will ask their allies to end their trade and business with Russia but what will European and the whole world do without the Russian petroleum products? If the Russian petroleum products will stop to enter the remaining world then all of the businesses and vehicles will stop on roads because only Arabic petroleum cannot fulfill the needs of the world and the prices will multiple a dozen or more. There will be a shortage.
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It's a work in progress, Bitcoin can't be a Fiat alternative without fighting some war with centralised entities first and this can take years to accomplish and we shouldn't worry ourselves over it, my belief is bitcoin will make it happen anyways.
Well, not everyone would think like that since I believe both fiat and Bitcoin should exist at the same time. They can't eliminate fiat and switch to Bitcoin since only fiat is being controlled by the government therefore, they can have it while owning a Bitcoin will remain in your own wallet and you are free to use it as you may. So it's just up to the people if they want fiat or Bitcoin, as long as there is a merchant who could accept Bitcoin or fiat if someone wants to withdraw. So choosing between fiat and Bitcoin is still on a big debate. In actual it depends on time and on the people and on the technology of future but in this time it seems that usage of bitcoin is more convenient for people as nowadays many of the purchases are done via online services and for fiat people feel it difficult to go through complicated processes of online payment processors. If the usage of bitcoin is allowed by the authorities without any restrictions then people will like to choose bitcoin to use for their daily transactions. If all the transactions will be done online, then bitcoin will definitely fit for it. But most of the people still prefer fiat because they are used to it especially in the case for older citizens as they are not totally inclined with using new technology payment system. However, i would say that bitcoin has not failed in its own goal because some countries at the moment are already starting to establish solid proofs about bitcoin before they will consider adopting it as a currency. And bitcoin does not end here, good things will certainly happen in the future and maybe by that time, bitcoin will be used already as an alternative to fiat. They are less in number because even the older citizens often prefer the online payment when they purchase via their bank card. They know about bank cards and they know how to use it. If they will know about bitcoin and they will learn hat how to use it then they will use bitcoin. |
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It's a work in progress, Bitcoin can't be a Fiat alternative without fighting some war with centralised entities first and this can take years to accomplish and we shouldn't worry ourselves over it, my belief is bitcoin will make it happen anyways.
Well, not everyone would think like that since I believe both fiat and Bitcoin should exist at the same time. They can't eliminate fiat and switch to Bitcoin since only fiat is being controlled by the government therefore, they can have it while owning a Bitcoin will remain in your own wallet and you are free to use it as you may. So it's just up to the people if they want fiat or Bitcoin, as long as there is a merchant who could accept Bitcoin or fiat if someone wants to withdraw. So choosing between fiat and Bitcoin is still on a big debate. In actual it depends on time and on the people and on the technology of future but in this time it seems that usage of bitcoin is more convenient for people as nowadays many of the purchases are done via online services and for fiat people feel it difficult to go through complicated processes of online payment processors. If the usage of bitcoin is allowed by the authorities without any restrictions then people will like to choose bitcoin to use for their daily transactions. |
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People over the age of 65 accounts for 76 percent of all wealth in the United States.
Consider where the crypto markets will be when the younger generations that have grown up with cryptocurrency reach the age of this group...
Yeah and it still will work on the market when all of the youngsters who know cryptocurrency tell them about investment in crypto and will tell them the benefits of their investment in crypto. It is sure that the market will get a high value with their investment and their next generations will also get a profit multiple times than the current value of their wealth. |
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I believe it will overtake Gold as a preferred asset to HODL in the treasury of the Super Powers. I believe it will start with Russia, Iran, then China with North Korea. The United States, Asia and Western Europe, as a response will HODL Bitcoin too, and allow mining in their countries.
It will definitely be the store of value for the rich people and all of the rich people will invest their money in it and will leave gold but it seems like China will not be among those who will start in the early adopters because the people of that country started it first but the government is not in the favor of it while Russia and European countries are on the front line and after that USA may also follow to legalize bitcoin. |
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Side jobs is an indicator that you're main work isn't providing you enough money or that you're scared to take a leap on that side job even though it's your passion. Side job is a good way to make money, even though it might sound like I am against it, I highly respect the people who do this although I don't really like the idea that we have to rely on more jobs just to get by.
Side job is not just the job of another office along with your first office or place of work in physical but it can be any other source of income which you get. Suppose if you have your day job and after that you come home and do other marketing or vloging and earning money with that then you are dong side job so I do not think that anyone will not like side job. It is also a support of someone in heir life and it is also the extra earning of a person in order to save for future or to buy any dream of their life. |
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The Truckers were also supported with the bitcoin donations which emerged as significant move and appreciated by many and they collected total of 21 bitcoins through this.The GofundMe blocked the donations worth $10 million for the drivers and inspect to block those accounts so crypto donations were inspired and they collected 21 bitcoins out of it Crypto fans of the Canadian truckers' anti-vax protest have raised more than $900,000 in bitcoin after donations via GoFundMe were blocked. This happens because many right wings people try to use the situation and divert the movement as an anti-govt protest. But the donation was supposed to use somewhere else. I think as a big democracy Canada should remove this law for truck drivers so that the supply chain can be normal again. Many Nordic countries already removed all the restrictions for covid so that people can lead a normal life again and it's proven that omicron is a mild variation so don't think there's any need to restrict right now. I was also thinking the same that the government have not to disturb the peaceful situation of their state. They have to negotiate with these people and have to make another path which will be acceptable for both of them. If they will do more hard on them then the protestors will do more disturbance and they will think the government as not their supportive. |
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Of course, if bitcoin will be widely accepted, it will reduce the influence of the dollar which is the most powerful currency in the world. Senators are representative of a country, their job is to support the state and its interest, so it's normal to see that they will hate something that would destroy their interest.
If they will accept bitcoin and along with that they also digitalize their dollar then it will have a good impact on their economy and they will not face any harm fro that adoption but their dollar will also get a value in the crypto market. |
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We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
It is the matter of time. With time they may change their position for crypto. I also heard that they are starting their digital dollar which will be used for the country. It looks like they are now on the way to accept crypto they are on the way to plan that what to do. They will either accept bitcoin or they will create their own currency which will be static with the price of dollar. |
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The market that has been moving within $42000 and $44000 have crossed $44000 today. In recent days the war between Russia and Ukraine is said as a big reason for the entire World market to face a downward movement. However there are rumours that Russian soldiers are returning back to their base and the chance of war is declining. This has triggered the market upwards. Maybe this can take a momentum and could lead to $50k+
I also heard that now there will be no war and now people are thinking that stock market will recover and with the stock market all of the coins will also recover which is a very good opportunity for us because this time the price is going very well and in this time we all want that the world condition remain peaceful and we want that all of the countries from the whole world work together for their economic conditions to make them stronger. |
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Going through some countries economic performance and statistics I came to a big conclusion that the economic benefit bitcoin as an approved currency in a country is way more than the disadvantages of Bitcoin to an economy but what the government in scared is the decentralization of the financial system.
If we are talking about third world countries, developing countries or ones that have their economies in turmoil, I would say they do not fear decentralization, rather they fear refusal of outside funding from bigger economies if they do not follow their lead. If we are talking about leading economies, they just want total control over any part of the economy that is concerning their country, so yes, decentralization is an issue to them. But it's yet to be seen if those economies could even benefit that much from crypto. If they will adopt blockchain and they will get benefit for their nation then I do not think that they will need any foreign funding so then why they again fear that other countries will stop funding them! It is just their thinking because they do not know about the features and benefits of bitcoin and they just rely on the news of those who do not want them to adopt bitcoin. |
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That is a lot of work. Escaping something like tax wouldn’t be so easy and you would still get caught. I’m just worried what effect It could give to the cryptocurrency economy, like how the people of the UK would see NFTs now and how it's being used.
That really put bad effects on NFTs because if NFTs will remain in safe hands then everyone will like it and artists will get their real profits while if people start to use it for escaping from tax then people will think of it as a source of money laundering and will think that these are those involved in it who escape from paying taxes. People ahve to be positive as many people use many sources to evade taxes so it is not only NFTs which they started to use for the first time. |
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https://www.reuters.com/world/uk/uk-makes-first-seizure-nfts-tax-crackdown-2022-02-14/UK makes first seizure of NFTs in tax crackdown
British tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money.
Her Majesty's Revenue & Customs seized three NFTs after investigating an attempt to defraud the public coffers of 1.4 million pounds ($1.9 million).
Around 5,000 pounds worth of other crypto assets were also seized.
The probe also led to the arrest of three people for alleged value added tax repayment fraud involving 250 fake companies. Now we can see people using NFT for tax evasion and money laundry. We are about to see a lot of new laws and regulations related to bitcoin, cryptocurrency and NFT. NFT legal use is to secure the right of the creators and the owners for their arts and other digital products the create. But some people are taking wrong benefits of that which they have to stop as with this they are making this field difficult for the artists and other creators. The attempt of UK government to seize the funds of those who did fraud with the tax authority is good. I want that no one do any money laundering or any fraud using crypto technologies. |
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