The third world war can begin at any moment, so many weapons are accumulated by states and especially nuclear. Over the past century, we have repeatedly been on the verge of such a war. The restraining factor is that many understand that there will most likely be no winners in it. Fatal errors with a malfunction of technology are also not ruled out. I just hope that we are under the supervision of an alien mind and they will not allow this. At the same time, we are far from the first civilization on this planet. Therefore, everything can be.

I think that soon we should be convinced of this when we enter the period of a tough global economic crisis. In the context of a sharp increase in inflation of the common currencies of states, a decentralized cryptocurrency can become a good refuge for preserving monetary savings of citizens. We have been talking about this for a long time and for the first time we will be able to see it in practice.

It is precisely in Russia that they are quite capable of prohibiting the cryptocurrency circulation, regardless of whether they can actually implement such a decision or not. There, already in the first reading, the State Duma approved a bill on the virtually complete prohibition of the cryptocurrency circulation for ordinary citizens, so it is quite possible that this bill may soon enter into force. Russia can now be considered a police state, with regard to its people there they rely on brute force. Therefore, using the example of Russia, it is possible to experiment whether the state can really control the process of prohibiting the circulation of cryptocurrency.

Since the beginning of 2018, we have not seen an altcoin rally yet. Now there is a relative lull in the cryptocurrency market. Traditionally, from mid-summer, activity in all markets falls until the fall. In addition, potential investors are now apparently waiting for the possibility of a new wave of coronavirus spread. Therefore, the cryptocurrency market is likely to begin to grow by the end of the year. Perhaps then we will see the growth of altcoins.

There is still no cryptocurrency regulation in India. After the decision of the Supreme Court of India on the recognition of some restrictions of the Reserve Bank of India on the circulation and use of cryptocurrency as illegal, there is again a legal vacuum. Therefore, it is impossible now to claim that cryptocurrency in India is legalized. There are currently no legal acts regulating her circulation. We expect that legislators and the government will decide about cryptocurrency, because so far they have not adopted any legal acts regarding cryptocurrency.

Fraudsters do not use gaps in the ICO, but the absence of any regulation of this type of activity. Therefore, they constantly invent and establish new responsibilities for bounty hunters. At the same time, developers of ICO projects often use new responsibilities in order not to pay out the tokens we earned. Great damage to the participants of the ICO bounty campaigns over the past few years has been done by KYC checks, especially if they were carried out after the end of the ICO. In this case, they could refuse to pay earned tokens to almost anyone.
Therefore, I expect that in the near future, states will begin to organizationally regulate the activities of ICOs. Only in this way it will be possible to get rid of fraud.

As far as I remember, in all cases when they demanded to send money for a KYC check or for any other reason during the ICO bounty, this did not lead to anything good. As a rule, all projects turned out to be fraud. Anyway, the requirement to undergo KYC, if the award can be less than one thousand euros, from June 21 is already illegal according to the FATF recommendation.

Yes, for this reason ethereum should soon be transformed and reach a higher level. It is predicted that the implementation of Ethereum 2.0 improvements in this coin will occur in November. They also say that in this regard, the price of ethereum can rise to nine thousand dollars and even bypass bitcoin. In any case, you need to accumulate this coin for now. So far I consider it one of the most promising.

In the first years after the appearance of BCH on the market, more than 90 percent of the opinions about this coin on this forum were negative. It may be that for this reason I did not invest in this coin, although I observe it with interest. In terms of functionality, BCH is superior to BTC, so I believe that every coin has a right to exist. Only after a certain time can it be said about its true value. However, all the same, for the time being I choose other coins for investment, and ethereum among them so far I think is more promising.

Economic crises arise with a certain periodicity, however, and taking into account certain circumstances and global economic factors. However, they are necessary because they eliminate overproduction, improve the economy and create conditions for the next stage of development. The current global economic crisis is caused by almost artificially deliberate measures to reduce and even halt economic development as necessary measures to combat the spread of coronavirus. Whether these measures were necessary or not, we can say after a certain time.
In the meantime, we will be able to observe whether a decentralized cryptocurrency will be a refuge for protecting money from inflation of ordinary currencies.

Now we can already say that blockchain technology has a revolutionary impact on the economy of almost all the states that have turned their attention to it. This technology has dramatically increased the possibilities of its use in almost all areas of human activity.
In relation to cryptocurrency, it is still difficult to say for sure. World states note the still weak influence of cryptocurrency on the global financial system. Whether the emergence of bitcoin and another decentralized cryptocurrency is a revolution, it will be possible to conclude much later. Perhaps even in 30 -50 years.

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There can be no single answer. Some may live their lives and they would not have to go to the banks; others would not do without them. Doing business now is impossible without banking services. So far, one thing is clear - cryptocurrency will never replace banks. Banks perform functions much wider.

The impression is that states have done everything possible to bring about a global economic crisis. They stopped the work of factories and enterprises, prohibited the circulation of public transport, the work of markets and other enterprises in the service sector. It got to the point that some could not sell the grown crop of agricultural products, others could not buy and eat normally. After this, the economic crisis simply cannot fail. This is natural and done almost intentionally.

I think that most of us understand that the current closure of state borders is a necessary and temporary measure. Nowadays, states cannot successfully function in isolation from other states.
Blockchain technology promotes global governance. However, this is an opportunity, not a necessity. Governments and people themselves will decide on what issues need to be united, and on which to defend national positions.

The International Monetary Fund predicts the onset of the toughest global economic crisis since World War II. Whether it will be so or not, time will tell. However, it is already evident that the economic potential of almost all states has now fallen dramatically. It will take a certain amount of time to restore it. Maybe not just one year. At the same time, unprecedented measures to combat the spread of coronavirus have also shown positive changes in the planet's climate. Everything is changing. After coronavirus, the world cannot be the same.

Each of us has the right to choose. However, if we undertake to do a certain job, then it must be done efficiently and on time. This also applies to our participation in ICO bounty campaigns.

It is hardly possible to accurately predict the price of bitcoin by the end of this year. There are many factors that indicate that its price in the next year or two can very significantly increase. Much will depend on how successful the further fight against coronavirus will be and how strong the global economic crisis will turn out, the onset of which is predicted in the near future.
In general, with a very good combination of circumstances, bitcoin may well reach a price of $ 20,000.

Banks play a large role for the normal functioning of the state, therefore, states will never abandon the banking system. People can live without banks, but no government. Therefore, banks will continue to exist in our society.

There is no reason for the ethereum price drop, and so substantial, up to $ 80. On the contrary, the introduction of Ethereum 2.0 improvements in this coin should raise its price in the near future. And the general situation on the cryptocurrency market is now quite good for the growth of the cryptocurrency.