It looks like we are seeing a sharp increase in the price of bitcoin and the entire cryptocurrency market. Today the bitcoin price crossed the $ 12,000 mark and during the day rose to the current $ 12,822. The ethereum price also rose quite well, reaching $ 396.
This year, Bitcoin has already crossed the $ 12,000 mark several times and rolled back some time ago. However, there has never been such a rapid growth since then. It all adds up to the fact that bitcoin will continue to grow in price.

With the high cost of transactions on the ethereum network, the situation is now, of course, very difficult. The web is very congested, but this is also a testament to its popularity. I try to avoid transactions with ethereum or its tokens for now. Most likely, the situation can only be improved by the implementation of Ethereum 2.0 improvements, which we have been waiting for a long time.

I recently read about BRO bounty companies and in general I liked the essence. The same ICO campaigns are conducted on a specific platform, where there is a special Supervisory Board that will select projects so that they are functionally useful and, among other things, have no signs of fraud. Of course, we are unlikely to ever get rid of fraud, but it is necessary to put things in order in this activity.
I think there will be many more new projects and the bounty hunters on this forum will still have a lot of work to do.

As long as there is a decentralized cryptocurrency, governments will try to control it as much as possible. This process of confrontation will last for a very long time, since, indeed, the cryptocurrency has many opportunities to resist such control.
Over time, a certain golden mean should be worked out in this matter, which should generally suit both cryptocurrency owners and the government.

The government of any state can and has the right to establish a tax on any activity of a citizen of this state that brings profit. At the same time, it is not at all necessary for the state to somehow help people to earn this profit. Therefore, it will be quite normal if the state sets a reasonable percentage of tax on profits from cryptocurrency. It is advisable for us to pay this tax, since the government can take its own measures up to prohibiting the circulation of cryptocurrency on its territory. This will not completely lead to the disappearance of the cryptocurrency in this state, however, this ban will cause serious trouble for the owners of the cryptocurrency.

I don't see any correlation between the advent of the coronavirus vaccine and the subsequent fall in the price of bitcoin. A victory over the coronavirus pandemic should revive the global economy and give impetus to the further growth of the cryptocurrency market. In any case, the price of bitcoin should not fall with the advent of the vaccine. It is unlikely that people will show much interest in purchasing this vaccine. In my country, a survey was conducted and about 70 percent of people said they did not see a big threat to their lives from the spread of the coronavirus.

Governments can deal a serious blow to bitcoin by making a general decision to ban it in their territories and imposing severe sanctions for violating this ban. However, governments do not see this as necessary. Recently, the issue of cryptocurrency was considered at the G7 Summit and it was decided that cryptocurrency does not pose a threat to the stability of the global financial economy.
Many states have already legalized cryptocurrency by adopting regulations on the conditions for its circulation in society. However, in general, states will never actively support a decentralized cryptocurrency.

It is impossible to say for sure what awaits us with DeFi projects. Some of them will definitely turn out to be militant. Investors will lose their money. It will largely depend on the prospects of the remaining projects. The fantastic current prices of DeFi tokens should fall, but DeFi should remain. This is an important area of activity for cryptocurrency and it should develop.

These are the consequences not so much of the spread of the coronavirus pandemic as too strict restrictive measures to combat the coronavirus. Under the influence of these measures, the gross domestic product in each country fell by tens of percent. At the same time, prices are rising, including for food. In my country, this is not yet very noticeable. Unemployment is growing, people are running out of money. Because of this, purchasing power falls, and therefore prices do not rise too much.

India needs cryptocurrency regulation laws. Then banks will receive clear instructions on how to act in certain cases. While there are no such laws, banks will act at their own discretion and in accordance with the recommendations of higher banks. And banks do not like to experiment. Therefore, certain difficulties arise.
It should also be said that cryptocurrency has never been recognized as legal or illegal in India. Uncertainty on this issue still remains.

Own bitcoins and entrust their storage to banks? I do not get the point of it. The main attraction of cryptocurrency is precisely to get out of the financial control of banks and governments in general. I definitely will not use such services.
Besides, I have a poor understanding of the mechanism of this service. In order to be responsible for storing cryptocurrency, the bank must transfer it to its cryptocurrency wallets and we, it turns out, will not know their private keys? Are we going to instruct banks to conduct a specific transaction? I personally don't like it.

The FATF has recommended the use of KYC for transactions over one thousand euros. Two bitcoins are over $ 20,000. Basically, Binance is violating the general rules for preventing dirty money laundering and combating terrorist financing. If thieves were able to sell more than 1,400 previously stolen bitcoins on this exchange, then there will be big problems in it both in court and with regulators.

Bitcoin does have a big impact on the price of ethereum. It is just that due to various factors of influence, the price movements of these two coins do not always occur synchronously. As long as Bitcoin has its current high level of capitalization, until then, it will directly or indirectly affect the price of almost all cryptocurrencies. Actually, I would like to see the cryptocurrency market without the price dominance of Bitcoin. If there are several leaders at once, then their price movements may even be the opposite, which means that, with some exceptions, there will often not be a pronounced bear or bull market. Does this mean that each altcoin will rise or fall in value only depending on its personal functional qualities?

Buterin claims that already at the first stage of the implementation of Ethereum 2.0 improvements, the scaling of this coin will grow to thousands of transactions per second. This is already quite significant compared to the current 15-30 transactions. In a few years, he promises that ethereum will increase its throughput to one hundred thousand transactions per second. Even if half of this speed is reached, ethereum will still completely solve its scalability problem.

Now, the YFI token with a capitalization of $ 1.22 billion and an incredible price of $ 40,719 has risen to the twentieth position in the CoinMarketCap table. I am very interested in what will happen to the price of this token next. In my opinion, such a high price is very inconvenient for walking. In addition, I do not believe that such a high price of this token can last for a long time. I wonder if YFI has a finer division like Satoshi in Bitcoin? At that price, it would be very logical.

The coronavirus pandemic has indeed significantly accelerated the transition to non-cash payment methods, including digital payment methods. Paper money was recognized as a possible carrier of the coronavirus and this forced states to look for an urgent alternative to paper money. While this will generate some general interest in the use of a decentralized cryptocurrency, states will definitely move towards using their own central bank stablecoins. Most likely, the majority of citizens will also prefer stablecoins of states as a means of payment.
 Cryptocurrency is still more used as a speculative instrument, rather than a means of payment due to the still low liquidity. However, in the future, everything will definitely change.

No need to panic. The coronavirus is not so dangerous for humanity as to take special measures for a long period. So far, we see that it is precisely the tough measures taken to combat the coronavirus that have caused more harm to people than good. Now people in many countries are protesting against tough quarantine measures and therefore governments are afraid to return to them despite the new wave of coronavirus.

If bitcoin continues to rise in price and fall, it will certainly be beneficial to those who are ready to use it to increase their profits. Overall, however, such high price volatility will deter those looking to use bitcoin as a means of payment. In any case, with significant price volatility, the state and their bodies will not use such a cryptocurrency in their activities. Therefore, periods of relative price stabilization are also important to increase the liquidity of bitcoin.

At all times, age has been revered, which has always been associated with wisdom. People are in the parliaments of different states not because they understand the intricacies of current technological progress. There are people there who have basic knowledge and a wealth of experience, which are sufficient to avoid doing stupid things and not making quick and stupid decisions. So far, these grandfathers allow integrating cryptocurrency into the global economy, and for this they need to express our deep gratitude. Young people will also gain experience over time, but for now they need to listen to the opinion of the older generation. It has always been this way, thanks to this social structure, humanity is still surviving.

The idea that a lot of bitcoins will be lost during the global war deserves special attention. Indeed, the war will take many lives, and with them access to a significant part of the cryptocurrency, including bitcoins, will be cut off. Even if the Internet remains, there will be very little bitcoins in circulation.
At the same time, if the consequences of the war are very significant, most likely, the cryptocurrency will lose its significance and its value. Cryptocurrency trading is possible only in a technically advanced society.