Well, that’s just it; I think the people are only ready to fully accept whatever the government accepts as the legal tender. If the government in a country should accept Bitcoin as a legal tender, and remove their fiat currency (which has been the first and the original legal tender used for exchange of services and goods), then people will quickly adopt that.
But, as long there continues to be Fiat, people are not ready to fully adopt Bitcoin, it’s still going to be an asset or an alternative whenever they feel like using it.
Even if governments abandon their national money in favor of cryptocurrencies, I do not think that then citizens will quickly switch to using cryptocurrencies. There are still many problems here, and some of them are quite difficult to solve. However, states will never abandon their fiat currency. It is not even worth dreaming and fantasizing about. Cryptocurrency can only walk in society along with the fiat of states, and at the same time fiat will always be the leader. States have been a form of our social structure for many millennia, and for the full functioning of the economy, each state needs its own currency, which it can control. Other forms of payment can only be alternative. |
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You're ready to go all in but the world isn't.
It's still the reality that has to sink in that the world is not yet fully adopted to cryptocurrencies. Even we're all for that but how are you going to buy your goods and needs in a supermarket if they're not yet accepting bitcoin?
That's just the simple logic and reasoning that you have to think of. There's still a lot of stores that are not aware of it especially stores that sells our basic needs.
true as you said, even though we are ready to enter crypto, but the world is not ready to do all that, even though we have everything and have advantages but we still lose, because the one who holds the world economy is the government, if we fight the government it is certain we will lose, I personally think it's better if we run what is already there, because in my country crypto shops are still very difficult for us to find, because many people still don't understand crypto. Everyone can now refuse to use fiat and switch to using cryptocurrency. But I don’t think that with the current level of cryptocurrency distribution, this will be convenient. In addition, it largely depends on the country of residence, place of residence - rural areas, small towns or large cities and other factors. For the normal use of cryptocurrency, the necessary additional technical conditions are needed, and this is not available everywhere. Cryptocurrency should gradually enter our world, revolutionary solutions will only hurt it.. |
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Thanks to news like this, the Bitcoin bull is about to come. This news hasn't had much impact on Bitcoin, but if it's true, it will be great for Bitcoin. If this war continues, Russia may take radical decisions in the field of economy. Bitcoin will definitely have a place among these radical decisions  In Russia, statements of this kind are periodically made, but in practice, in the end, it is done quite the opposite. Now this country has one of the worst crypto-currency laws and I don't see that it can really change for the better. Now the situation is much worse there. The Putin regime is taking every measure to slow down the impact of sanctions for military aggression against Ukraine. Including everything is being done to prevent the leakage of currency abroad. And the free-floating cryptocurrency will contribute to its uncontrolled export. Therefore, the tightening of its circulation is possible, but not its acceptance on a national scale. And the cryptocurrency will not save Russia from sanctions anyway. There has already been a corresponding statement from the Central Bank of Russia about this. |
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Satoshi created Bitcoin, but he's not the only one who was developing it. Since the release and Satoshi's disappearance, lots and lots of other people were working and are still working on this project. And Bitcoin is an open source project, no one found any malicious backdoors that could be used to suddenly take full control over the protocol or something. So, from a technical point of view, it doesn't matter who Satoshi is.
The worst thing that can happen is a severe reputation damage that wound hinder the prospects of adoption and price growth.
It seems to me that no matter who Satoshi Nakamoto is, this cannot affect our attitude towards bitcoin. We value bitcoin not because of the personality of its creator, but because of the benefits that it gives ordinary people when using it. Even if Satoshi Nakamoto turns out to be a bad person, which I doubt, it doesn't change anything. Moreover, what we know about him does not give us any grounds for making such a statement. Given that it was he who created bitcoin, I don’t think that by some of his actions he can intentionally harm bitcoin, including by simultaneously selling all his bitcoins. In addition, such an act only for a while will lead to its price drop. |
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I don't think he will this time. He has already done enough influence on Bitcoin, Dogecoin, etc., last year where see BTC going up to as much as $68k before it crashes down. Unless he is going to tweet about buying LUNA, the crypto market goes crazy that might result to more buyers in a short period of time before the trend of hype dies down again. Just my opinion.
What is happening to LUNA right now could happen to Dogecoin and Chiba any day now. All these coins have grown in price due to artificial hype and can lose it in one moment. I think Elon Musk is not a lifesaver and will not raise the fallen price of LUNA. He has already made quite a few mistakes with cryptocurrencies. As for bitcoin, a drop in its price for a while will not hurt him. This has both negative and positive aspects. After all, cryptocurrency attracts users precisely with its high volatility. |
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I don’t know how true the figures are about the presence of 130 billion dollars worth of cryptocurrencies in Russian citizens, but in any case, this figure will soon change very sharply in the direction of its decrease. This will be facilitated by the current war of Russia in Ukraine. Regardless of the outcome of this war, life in Russia will become very difficult, and if the war is defeated, which is most likely, this country will turn from a superpower into a third-rate country with a high level of poverty and other negative processes that accompany this.
Many will leave Russia, and it will be easier for those who own large amounts of cryptocurrency. Whoever remains will be forced to spend their cryptocurrency on a more expensive life.
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US government is surely oppresing Bitcoin since they can’t control. Destroying Bitcoin by all possible means is what the government can only do to stop financial freedom. It's ironic how they stop crypto mining due to environment concern while the rest of the world contributes 99.999999% of pollution that worsening the climate change. I think they should propose a bill to reduce more carbon on factories to be fair on crypto mining industry.
I do not see this as a big problem at all, even if the leading states ban bitcoin mining. More than 19 million bitcoins out of 21 million have already been mined. Bitcoin may well do without the remaining two million. In addition, in our world there will always be nooks and crannies where bitcoin will be mined with any restrictions. But in general, states can prohibit the mining of cryptocurrencies that use the PoW algorithm. They are not interested in a decentralized cryptocurrency. It's easier than radically restructuring their energy-intensive industries. |
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This bear market could be a short period of time only just like what happened when COVID 19 started but I am still not sure because we have a reason before that, the pandemic but now we don't have any huge reason besides the current inflation, so for me, I am taking this as pullback or correction from huge bull season market we experienced during the pandemic.
Talking about your altcoins, I am more bullish on some protocols, like MATIC, AVAX, ETHEREUM, and Solana which you forgot. There is a huge drop percentage happened to Solana earlier as you can see compared to other altcoins that got the high market cap.
With the current big price drop in the market, with bitcoin already falling below $27,000 and dropping 30 percent in a week, we can hardly expect the market to recover relatively quickly. Recovery will likely take many months. Yes, this year was not very successful for cryptocurrency holders, at least for the first half of it. Next in us is the summer time, the time for vacations and recreation, when almost all business activity ceases. Most likely, we can already count on the growth of the cryptocurrency market only by autumn. |
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The worst forecasts were for the price of bitcoin up to $28,000. But now I see that its price has already dropped below $27,000 and is now becoming $26,955. Drop for the week 31 percent. The same applies to all other cryptocurrencies. Some show weekly drops of 50 percent or more. This is getting interesting. At the same time, we do not see any objective reasons for such a fall in the market, except for its general nature of volatility. And this means that after some time the cryptocurrency will go up again. It is interesting only to what minimum it can fall in the near future. This is a good opportunity to buy potential coins.
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Dude only the long term matters.
In 2017 bitcoin's ATH was $20000 and today it is sitting at $33000 while Shitethereum was 0.15BTC and is currently sitting at 0.07BTC. Short terms ALL shitcoins are surprising for example while everything is dumping these days a completely random shitcoin called LDO got 30% pumped in the past hour.
I dont like to argue about the market dominance of any coin but the longterm has alot to say as you said. I am not touching bitcoin again in my own opinion, bitcoin cant make 10x from any cycle with the current price again. The last bull market push 60x for ethereum ($80 to $4800) while bitcoin made just a little above 20x (3200-69,000). Vitalik made some bad and late decisions in market but he is targeting gas fee of $0.05 after hardfork which should make many come back to the smart contract and its trade In the cryptocurrency market, there is time for price growth, but there is also time for long falls. Now we see a bear market and no one knows how long it can last. Experts predict a possible fall of bitcoin to $24,000. It looks like our dream of seeing more than $100,000 worth of bitcoin soon is being delayed again. Indeed, with a large price value, it becomes very difficult for Bitcoin to grow at times. Ethereum has a number of advantages in this regard with its relatively low price. In a few months, we will finally be able to see the updated network of this coin, and then, it is likely that its popularity will return to it again. |
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I rechecked the text several times, because I thought that in the current conditions it could be more about a ban on decentralized exchanges, rather than centralized ones. I see no reason for states to ban the operation of centralized exchanges, which, as a general rule, cooperate with them. It is most likely that decentralized exchanges will experience difficulties and the pressure on them from the states will increase.
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CoinMarketCap shows that the price of bitcoin even dropped 1.2 percent today to $31,293. I don't even see any bullish trend. Small rises in price even with a big fall is normal for this market. It will be possible to talk about the resumption of the bullish period when at least a week and a half bitcoin will grow in price at a high pace and reach at least 45-50 thousand dollars. So far, nothing can be said about the movement of the market.
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So did the USA government realize that stablecoins are already a big foe to their incoming digital-Dollar or they are planning to integrate stablecoins to their future digital dollar? Also, what do they plan to do about decentralized stablecoins? Will they force Centralized exchanges only to operate with "licensed" stablecoins or else they get in trouble? I can easily see Binance and Coinbase announcing they would cease to work with DAI because the suits told them so.  Yes, there are still a lot of questions. You need to know the essence of the upcoming stablecoin trust law before commenting on it. It seemed to me that states, in any case, would be unfriendly to private and commercial stablecoins using their currency as collateral. In any case, government regulation of these stablecoins is necessary, because only in this way can we get rid of the recurring abuse scandals in this area and increase their credibility. |
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It's not that difficult to do this, some exchanges with minorities or even the elite class to accompany what Binance is doing, humanitarian actions in the name of caring. I saw several media broadcasts of dry food and some other needs. Moreover What is going on that we only understand on the basis of togetherness that must be helped.between russia and ukraine i am sure the future will be united
I'm sorry, but are you saying you're sure that the future of Russia and Ukraine will be united? As a Ukrainian (and actually one of the more calm and forgiving ones), I can assure you that the future will not be united. If it were just a war that Russia led roughly in accordance with the rules of war (targeting military targets, ensuring people on temporarily occupied territories receive food, medicine and are safe, etc.), it would be one thing. We'd still fight and still aim to win the war, but some sympathy toward Russian citizens was potentially out there. But after the Bucha massacre, after several big and many small seriously destroyed cities, after lots of cases of rape and torture, and after Mariupol, it is not possible to be united, even if the government in Russia changes radically. It is a genocide of our nation, and genocide is not something after which you easily become friends with those who committed it and those who didn't stop it from happening. We won't seek revenge and won't invade Russia to inflict similar pain upon them. Because we aim to remain humans, not to lose our own humanity over all this. But we won't be friends and won't be united in anything with Russia, certainly not for decades to come. To be sure, the actions of the Putin regime related to the military invasion of Ukraine have significantly weakened the pro-Russian position in Ukraine. Russia launched an invasion of Ukraine under the pretext of protecting the Russian-speaking population in Ukraine, but now in the east and south of Ukraine it is mass-killing the Russian-speaking civilian population and destroying entire settlements with civilian infrastructure. This is just in favor of no one wanting the "Russian world" anymore. From now on, Russians in Ukraine will be perceived only as murderers, robbers and rapists. Already now, during the war, much is being done in Ukraine to ensure that there is nothing Russian and Soviet. Putin got the exact opposite effect. |
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The US Congress has passed the Ukraine Democracy Defense Lend-Lease Act of 2022 to expedite aid to Ukraine – just as Franklin D Roosevelt did. The sums of money being contemplated in Washington are enormous – a total of $47bn, the equivalent of one third of Ukraine’s prewar GDP. If it is approved by Congress, on top of other western aid, it will mean that we are financing nothing less than a total war. https://www.theguardian.com/commentisfree/2022/may/04/us-lend-lease-act-ukraine-1941-second-world-warMy opinion on this is that the US intends to help Ukraine win the war. I don't think the intention goes any further. If Congress approves it, there will be a response from Putin. There could be consequences and it is there that the escalation truly transcends. We are experiencing very hard times and uncertainty, those of us who believe in bitcoin know that we have to hold on. If the civilized world had jointly taken tough measures against the military invasion of Russian tanks on the territory of the sovereign state of Georgia in 2008, then there would most likely not have been a subsequent Russian attack on Ukraine in 2014. In 2014, light symbolic sanctions followed against Russia, because they were afraid to anger the aggressor. This prompted Putin to launch a large-scale invasion of Ukraine in order to take over this state and enslave its people in February 2022. After the publication of the atrocities committed by the invaders against the civilian population of Ukraine, and also due to the heroic resistance of the Ukrainian people to the Russian invasion, and thanks to the effectiveness of such a rebuff, many states finally realized that indulging the aggressor only increases his appetites. That Ukraine will be followed by the Baltic countries, Moldova, Poland. Now the civilized world has seen that the hands of Ukrainians can put an end to such an aggressive monster, which is Russia, and therefore they began to help Ukraine with serious weapons. The adherents of world peace need to finally understand that evil must be punished, otherwise it will grow and come to your homes. There is no other way out, because impunity breeds new aggression. |
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If the war does not end in the coming months, the consequences of this will be felt by many countries, to which Ukraine exported grain, sunflower oil and other products. The United States should have made a decision much earlier on the supply of heavy weapons, this would have saved a lot of lives, civilians. And perhaps the occupiers would not be able to move so far from east boarder.
It is not easy to make these type of decisions. I mean UK just recently said that if Russia ever tries their hands with Nuclear weapons, UK will be ready to respond to that with their own Nukes as well. Giving that decision is a hard thing because you are telling the world that "if Russia kills people and hurts the global world by creating inhabitable places, then we will do the same!" which is a shame, the invention of nukes is a big shame. This is why I believe that we should only make these type of statements, and these type of heavy machinery help, only when we have to and not a minute sooner. USA just felt that there was no other way and this was their only option left. It seems that Putin is not going to weaken the military onslaught on Ukraine, despite the huge losses in manpower and equipment. As of yesterday, according to the Armed Forces of Ukraine, Russia has lost at least 24,700 killed and more than 60,000 wounded (according to Russian reports, Russia lost more than 26,000 people killed alone, about 8,000 soldiers of Russian private companies and about 7,000 mobilized in unrecognized LNR and DNR). Also in Ukraine, 1092 Russian tanks, 2651 armored vehicles, 196 aircraft, 155 helicopters, 499 artillery systems, 169 multiple launch rocket systems, 83 air defense systems, 1907 vehicles, 312 UAVs, 10 ships and boats were destroyed... The war will certainly have a great impact on other states. There are about 4.5 million tons of wheat in the ports of Ukraine, which were prepared for export. This became impossible due to the blocking of the Black Sea by Russia. Not only Great Britain is ready to intervene directly in the war on the side of Ukraine. Poland has declared that it is ready to send its troops to the territory of western Ukraine to provide support. The United States said that if Russia uses nuclear, biological or chemical weapons, it can send its troops to Ukraine to protect its territory. The bill has been submitted to the US Congress. The scale of this war is selling to run rampant. |
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Bitcoin has already proven its stance in the midst of other coins. Over the years no coin has been able to compete edge to edge with bitcoin even with much technological advancement. It has been dominance for a long time now, and its dominancy will continue to affect the price of other coins even in several years to come. I will say this that “bitcoin is the master of all other crypto currencies”.
Thirteen years of cryptocurrency existence is still too short to draw any final global conclusions. Cryptocurrency continues to evolve and will continue to do so for a long time, because we know that it is not yet perfect and has many difficulties and disadvantages when using it. Therefore, the current position of absolutely all coins and tokens is temporary. In addition, the instability of the position of the cryptocurrency is due to its nature, because prices are formed solely on the basis of the ratio of supply and demand. We cannot be sure that the demand for any cryptocurrency, including bitcoin, will not fall. The fall in demand is directly reflected in the price and capitalization, and hence in dominance. Everything can and will change in this market. |
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We have already talked about the personality of Satoshi Nakamoto many times. He did a good job of creating bitcoin and at the same time remaining anonymous. Of course, the Internet makes this task much easier. But anyway. 13 years have passed, and we have not come close to unraveling his personality. It is already most likely that it will never be installed. Yes, and many rightly say that the appearance of Satoshi Nakamoto can cause a number of disputes, juggling of facts and material claims. Whoever Satoshi Nakamoto is, let it be. We'll just be grateful for his work...
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