You need to get used to the idea that a decentralized cryptocurrency is not needed by states. Although they legalize it, they will not actively support it. Cryptocurrency is indeed a competitor and alternative to the national money of states, and therefore, from time to time, governments will regulate and restrict its circulation. This is inevitable and should be treated more calmly. We will need to defend our rights to use cryptocurrency at the legislative level.

The situation in the cryptocurrency market is really difficult now. It seems that everything may depend on the preponderance of positive or negative news information in the near future. I don’t think we’re in crypto winter yet. First, too little time has passed to draw such a conclusion. Secondly, we see that bitcoin periodically rises well in price, resisting bears. Of course, it is difficult for the market to struggle now in these summer months, when business activity is traditionally declining in almost all markets. However, all is not lost. The cryptocurrency market is still able to rise and there is hope in this regard for the autumn period.

It is hardly worth hoping for another dizzying soar in the price of Dogecoin. Elon Musk, due to his ill-considered statements about cryptocurrency, has recently lost his popularity in the world of cryptocurrency. Even if he praises Dogecoin again, I don't think the result will be the same. In addition, the excitement can only be temporary and the result of its action as well. It is almost impossible to repeat the same result. Therefore, after a certain time, this coin will also go to where it was before for many years before it was raised by Elon Musk.

I don't think John McAfee had any decent amounts of money at the time of his death, including in cryptocurrency. Among his most recent tweets, he stated that he had no money left. Some of them were actually confiscated by the relevant US authorities. One might not believe him, but the very fact of his suicide after that indicates that this time he seems to have told the truth. Due to the lack of money, he did not see a positive way out of this situation. Considering that he was already 75 years old, he clearly imagined that he would never get out alive. Therefore, I decided to take such a step.

It is a pity that it happened. McAfee occasionally amused us with his sometimes silly jokes. He reminded me of a clown in cryptocurrency. Committing suicide has always been regarded as one of the worst possible solutions to a problem. This is just an escape from the problem, and especially negative attitude has always been on the part of the church.
McAfee hid from the US authorities for a long time, I think that by a series of his stupid actions he himself exacerbated the situation to such an extreme degree. Well, each of us has the right to choose and we are all responsible for our actions.

Yes, on the eve of the official launch of its digitized yuan, the Chinese authorities decided to clear the way for it and remove possible competitors from the financial market. Cryptocurrency is the most unpredictable in this regard. Therefore, this reaction was quite expected. Do not expect the Chinese government to suddenly change its attitude towards cryptocurrency in a positive direction. This will never happen. Governments will work out their own financial mechanisms that they can control. Cryptocurrency miners need to leave China so that this problem is not a constant source of negative information.

I also wanted to say exactly this. It is necessary to solve this problem once and for all. Miners must leave China or simply stop mining cryptocurrency there. Then there will be no constant feeding of this bad news. There are a lot of good, even the best, places on our planet for mining bitcoins and crypto-friendly governments. Otherwise, it all came together right on this China. Half-time measures lead to a constant source of negativity from China. Finally, remove the miners from your territory. We can do without China.

The basic rule of a cryptocurrency market participant is to buy at a lower price and sell at a higher price. I think that no one will dispute this. However, it is very difficult to determine the time when the market is at the top of the price point or at the price bottom. Therefore, we will always make mistakes. I exchanged my tokens for 11 ethereum last year when this coin was priced at $ 230. When ethereum began to rise in price at the beginning of this year along with the general growth of the cryptocurrency market, I exchanged several ethereum as it grew several times, but then I stopped doing this, seeing that it continued to rise in value. Of course, I also hoped for a continuation of the bull market beyond May, given that the next stages of the ethereum network update were planned in July and October. I think that many were in the same situation, who became observers of the rise in the ethereum price over $ 4,400, and then the current deep fall. Only beginners differ in that they panic now and sell cryptocurrency at a loss. I am sure that I will soon wait for the ethereum price of $ 5,000 or more.

I no longer see the possibility of even recovering the cryptocurrency market until the fall. In recent days, the price of bitcoin and especially ethereum has started to fall threateningly again. The ethereum price fell below $ 1,900 today. It seems that the whales are still short. And in this case, they will squeeze out of the frightened and doubting everyone, as much as possible, so that they sell their cryptocurrency at a lower price. Therefore, it is better to relax and pay more attention to summer, family and nature. In the fall, if possible, we should see a second wave of price growth.

We live in a material world and, of course, we need money to satisfy our material needs. They say happiness is not in money, but in their quantity. If we do not have enough money, we sometimes have to get a job that does not bring us moral satisfaction, we have to live and work in worse conditions, poor quality food, not full rest, which ultimately affects our health. Well, in general, everyday problems with a lack of money take up a lot of time from us, which we could spend on spiritual development. Therefore, money is important for any person.

The national currency of any state, in principle, does not need competition. To thrive, it needs competent management of the country's economy, which also includes monetary policy. If the country is strong economically, then its national currency will easily compete with other currencies of states.
Cryptocurrency, of course, needs good and healthy competition to accelerate its development. This will stimulate her improvement.

Even commercial banks operate on the basis of strict instructions from regulatory authorities. Banks cannot decide on their own whether to work with cryptocurrency or not. First of all, cryptocurrency must be legalized by the state. Then, after the adoption of the relevant laws, by-laws should be created that would detail the work with cryptocurrency, including detailed instructions for banks. Only after that banks will be able to work with cryptocurrency within the framework of the rights granted to them.

In my opinion, it is no secret to anyone that states and their governments are mostly suspicious, if not hostile, of decentralized cryptocurrency. Many states are just looking at it so far, not knowing how to react to this financial innovation. At the same time, we must be aware that even with the legalization of cryptocurrency, states will at least implement its strict regulation. However, even the strict regulation of cryptocurrency should be regarded as a positive result, since at the same time it will be legalized and taken by state structures under their protection from various crimes and abuses in this area.

Cryptocurrency is a relatively new market and a new type of financial investment of your funds. I personally am not one hundred percent sure that this market will not collapse overnight, even if just for a long time.
Therefore, I consider it correct to make alternative investments. Part I invest in the modernization of real estate, and part of the deposit in the bank.
My government is still cheerfully informing that this year it expects a good percentage of economic development, but I do not believe in that. In practice, almost every family either lost their jobs during this time, or their business, or suffered other material losses due to the coronavirus pandemic.

Money is a management tool; it is neither good nor bad. However, money is directly related to property, and property obliges it to be smartly managed. The poor are sometimes not ready to take on the responsibility of managing their property and therefore sometimes prefer seeming freedom without this property, hence the false notion that money is evil. It is better for them to consider money as evil and not have unnecessary obligations to society.

I think that a lot depends on how profitable the loan you specified in your country is. If the terms of the loan are acceptable, then I would choose a loan from these two options. Let me explain why: when you make a loan and rent a house, you still pay your money, although the rent is four times cheaper. However, by paying off the loan, you are actually acquiring the house as your own property. And no matter how much you pay the rent, the house is still not yours. There is also a third option: pay rent and collect money for the house. Everything here needs to be calculated, as well as other circumstances should be taken into account - reliability and prospects of work, family and other circumstances.

Cryptocurrency is developing very quickly and therefore its long-term storage always requires at least periodic control over the state of the market and cryptocurrencies that are in our wallets. In five years, almost any top cryptocurrency can fall in popularity. It can be stated that we are going to keep certain types of coins or tokens for many years, but this does not mean at all that we cannot change our mind at any time based on a specific market situation. This is quite realistic and logical.

The good news is that Elon Musk's statements about accepting bitcoins as a means of payment for the purchase of Tesla electric cars made other large companies think about this issue. If General Motors follows suit, the chain reaction could continue. At the same time, Elon Musk has already raised the problem of the quantity and quality of energy consumed by bitcoin. This problem, due to its significant urgency, will not disappear by itself. States and their governments will gladly embrace and expand this topic. Therefore, Bitcoin will need to decide something and change, otherwise it can significantly lose its position.

No one will be able to stop technical progress. As science and technology develop, everything will improve. We see that bitcoin also has a number of disadvantages, so it is quite logical that people are looking for alternative ways to improve the cryptocurrency. We also see that something new is constantly emerging in cryptocurrency. Even we on this forum hardly manage to keep track of all the new processes that take place in it. Therefore, it is quite possible that over time, a cryptocurrency will appear that will far exceed the capabilities of bitcoin.

I was surprised by two points on this list: the first, that with such a gap in the profit from bitcoin, US citizens with a size of $ 4.4 billion are occupied, and the second - that such an accurate calculation is generally possible. Many did not believe at all that states could calculate the general income of citizens from bitcoin and cryptocurrency in general, as well as determine the amount they should pay as tax. Thus, governments can take a general response in the event that citizens do not pay taxes on cryptocurrency activities. It turned out to be impossible to hide your cryptocurrency in front of governments here too.