Crypto currency provides a lot of financial freedom and convenience when it can be used through transactions. However, it is by no means possible in all cases to directly use crypto-credit as payments for the purchase of goods and the payment of the services provided. In my country, it is very rare to find outlets where you could pay off the crypto currency. Therefore, in most cases, in order to use the crypto currency, I must first exchange it for my local national money. Therefore, I believe that while the crypto currency has not yet reached a mass implementation, you need to have a crypto currency to be able to earn in it, and fiat, so that you can make purchases and maintain your current accounts.

In fact, the International Monetary Fund says that it's time to regulate the crypto currency and develop a common approach to such regulation. Yes, this process has matured and it is inevitable. Only how loyal to the crypto currency will be such a regulatory process, that's the question. I see that the latest news from the countries of the European Union and, in general, the governing bodies of this union is quite encouraging. Moreover, almost all recognize that the crypto currency is very positive in the financial system. In this case, of course, it has its own peculiarities and shortcomings. We can say that this year for the existence of the crypto currency will be decisive.

In recent days, bitcoin is steadily rising in price and now, for the first time since its fall, today, according to CoinMarketCap, it has reached a rate of 8 343 dollars. This is pretty good for a start. I very much want to hope that this is the beginning of his solid growth. It is desirable that this growth was more smooth, however long. That altkoyiny also could develop and grow in the price.

Investing in bitcoin still retains its appeal. Apparently, the growth of bitcoin in the last few days, when it has already stepped far beyond 8000 dollars and today, according to CoinMarketCap, its price is 8 343 dollars, it can be evidence that bitcoin, at last, intends to grow in its value . Now it's nice to see how all the prices for altcoins are again in green.
We hope that this time the growth of bitcoin will not be so dramatic and will not cause such negative consequences as after its de-August growth.

The situation in Russia with the banning of social networks of telegrams is quite interesting. In fact, this can be regarded as a rehearsal before the prohibition of crypto currency in Russia, because I do not rule out such an opportunity. On the example of the Telegrams, we can see, although in general terms, whether it will be possible to prohibit bitcoin and what will come of it. The Russian authorities are unlikely to back away from their decision and at the same time see whether the Russians are still able to defend their rights or the aatoritarian government is so strong there that it will be strong to suppress any protests in the bud and massively throw people into jails only for participating in protest actions.

It should be borne in mind that virtually all of the crypto currency, except bitcoin, is altcoyin. Bitcoin is not in the best shape now. It would be, on the contrary, amazing. if people did not keep altcoyins. In addition, now many altcoins have even much better qualities than bitcoin. In addition, bitcoins are universal in their purpose, while the created tokens have very different characteristics and are very useful in different specific branches of our multifaceted life. The future is for the altcoyins.

If only one bitcoin existed from all the digital coins, then perhaps it would be so. After all 21 million bitcoins were mined, it could have grown in price because of the restriction of its supply in the market. However, even now there are a lot of good coins on the market with much better characteristics than bitcoins. It is unlikely that such a huge demand will be at bitcoin if at the same time there are a lot of crypto-currencies with a low price and no less promising ones.

I agree that bitcoin should return to its original designation - as a means of payment for the acquisition of daily purchases, as it was and was conceived during the creation. Now there are a lot of conversations and various speculations about its value storage function, although we can not say with certainty which bitcoin rate will be in a few years. Therefore, these conversations are worthless. The main thing is how you can use bitcoin at the moment.

Since your reasoning is so vague that it is difficult to understand what is at issue, but the title of the topic is bitcoin and banks, I can say that banks have existed for a very long time and will exist as long as the state exists. Banks are an indispensable attribute of each state. Crypto currency can not replace banks and can not affect them so much that banks have stopped their activities or significantly changed it. Crypto currency and banks will be forced to exist together and in parallel with each other.

Most likely, yes. Bitcoin should begin to rise in price after April 17. Bitcoin and the crypto-currency market are ready to rise and some external factor is needed to push them to growth. This may be one of these reasons. In itself, the fact that the deadline for filing tax declarations in the US for the previous year is unlikely to play a big role in the growth of the price of the crypto currency.

Regulation can also be different. If regulation concerns only the definition of the order of circulation of the crypto currency in the country, then this is quite normal and natural. The state is simply obliged to make such regulation. It will only help the crypto currency to spread more quickly in the society, since in this case the cryptovplat is secured with the support of the state and citizens will more actively switch to its use.
We need to be wary of regulating the technology of the crypto currency, a change in its nature, inherent in it as a decentralized anonymous crypto currency.

I think this is pure fraud on the part of the ICO development team. If you understand, then they need to show us their data and copies of documents, not us. They pay us, but we do not pay them. Therefore, in accordance with the rules on money laundering, they should come to the KYC check, especially since there are no scammers on this forum, and among the ICO team, scammers meet, from different studies, from 31 to 81 percent.

Attacks on illegal use in most cases are subjected to bitcoin. Therefore, this is quite interesting information, which can be countered by such attacks. And it does not matter that the criminals switched to the use of monero or other crypto currencies, which are more suitable for use for criminal purposes.

It is necessary to distinguish the increase in the price of a digital coin in connection with the development of a project that this coin serves either by increasing its useful functions or amenities, from raising its price only on the basis of purely speculative demand, when investing in this coin is made only because of the desire to make profit, that this coin grew in value earlier and may grow in value even further. The growth of the bitcoin price to $ 20,000 in December of last year was against the backdrop of even the worsening shortcomings of bitcoin, its transactions were hanging by hundreds of thousands, commission fees were growing, and at the same time the price of bitcoin was growing. There is an expansion of it as a financial bubble. At the same time, if the internal value of the coin increases due to certain improvements, it is quite natural that this coin should grow in value.

Checking KYC, this is in many cases amateur performance. No company ICO has yet clearly indicated on the basis of which specific regulatory document they require our identification data. On the other hand, the ICO team is also a client for the participants of this forum who are going to advertise the ICO project. Maybe they should give us their personal data and documents, not us? And if customers come to the outlet, where they sell, say, products. Buyers pay their money for the goods, therefore, they invest in this type of business. Should they present their copies of documents and other data to sellers, in the light of the fight against illegal money-laundering? Can you imagine how absurd we can get to?

Only highly developed states with a high level of income of the population can experiment in the transition to an exclusively non-cash form of settlements. Most states are not the same to this and will not be ready for such a revolutionary transition for a very long time. Cash is still needed in many cases, and a non-cash form of payment is not always appropriate. Yes, and individual categories and a group of people will not want to switch to such a technically complicated form of calculation, sometimes it's easier to pull out a bill and pay off than using a non-cash.

The notion of money and the concept of currency was created with reference to those real circumstances that existed before the emergence of the crypto currency. Crypto currency is much changing these concepts and they are already becoming obsolete. Therefore, it makes no sense now to discuss the outdated concepts of money and currency. When the states finish the process of legalization of the crypto currency, then they will have to reconsider the definition of money and currency, however, depending on whether they recognize the crypto currency or money or not. If the crypto currency acts as a means of payment, it is money, no matter whoever says it. The definition of the currency is now different, the political economy textbooks have previously indicated that not all money is a currency, but only those that are used by states for international financial settlements.

Absolutely right. I do not see that the new system of merit has changed something in this forum for the better. In fact, this is simply a limitation in access to the forum of new members, since new members will never be able to reach high ranks, say, a senior member. With the current system of merit, it is impossible to collect 500 such merits in ten years.

The stability for crypto currency, and especially for bitcoin, is very important. Big volatility of bitcoin can become one of the possible reasons for its depreciation. If bitcoin rises to large price values, then a large amplitude of its fluctuations in price can cause panic, which can lead to a very sharp drop and depreciation.
In addition, the stability of bitcoin is also very important for its implementation in our lives, since it is the stable crypto currency that can later replace paper money.

To pay or not to pay taxes for crypto currency, under what circumstances and in what amount, depends on the country of your residence. Each state establishes its own rules and its size of payment of taxes and it is impossible to discuss anything here without knowing the country of your residence. However, if the state introduces a profit tax on operations with crypto currency or a capital gains tax from the fact that the current currency of your crypto currency has grown in value over the past year, then such a tax will still have to be paid if you do not want to live under the fear of criminal responsibility for tax evasion.