This is not a very shocking news for me . There is a high percentage of Americans who are indulged into bitcoin business . It would be a very drastic take if government regulate or ban bitcoin in that region . Government had to choose for going on with bitcoin as it was the most easy option for them . With so many funds and so many investments on the stake , government could not take such heavy loss of the citizens . Bitcoin is the only source of income for many of them i.e why it was the most appropriate way to deal with it.
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That'd be another bad decision by Russia then . I have seen that most of the ICO's are started by Russians and if they ban the use of crypto then they might get a heavy loss in their economy and many people could loose their main stream jobs for that reason . Russia is considered one of the biggest countries in context to latest technology i did not saw this coming fromm Russia . They are taking such big step and the reason might also come out to be the generation of Russia's own crypto currency just like China .
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How to find out about local laws about crypto currencies in a country? Do we have to consult a lawyer or are there any online resources that can help too? In my country, I have not yet heard any news on bitcoin regulations or its status in the eyes of the government, so not sure if I can sell bitcoin and get the payment directly to my bank or not. Don't want to land in any trouble.
In most of the countries there are no local laws regulating crypto currency because most of them don't know about it much and have least influence on their economy . There are many wallets supporting the particular countries where the bitcoin can be sold directly and money goes into your bank . I think you should do your research for that . If your country does not regulate bitcoin then there might be some way out to get your money.
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Hi, this morning i was surprised to see that to transfer 1.4btc from my ledger nano to kraken the cost of the transaction fees was 17$?? Anyones have some reasons why it costs do expensive? Thanks
Yes , this is very annoying . All of us are facing this problem with wallets such as mycelium . For transaction of $5 also they are asking for $10. Now listening to $17 makes it more frustrating . The thousands of pending transactions need to be settled as soon as possible otherwise many people can think of dumping bitcoin for its mere high transaction fees . I hope a better solution than s2x come along in order to deal with this.
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If selected, will definitely make more quality posts in different sections. Thanking in Advance - Bambazamba Bitcoin Talk Name: bambazamba Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=173703Rank: Full Member Avatar Bonus: Yes Personal Message Bonus: Yes Post Count (including this post): 170 BTC Address: 1NuJJ84GvDvgJVYuYqbmib1YS8MHbN5Vaj
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If "Roger Ver" is called the Jesus of Bitcoin , then obviously he might have some robust and big influence on the market . The great hustle between Bitcoin and Bitcoin cash is creating a huge buzz day by day . Every day a new side of the story is revealed about the ongoing controversies . This is infact , a fact that bitcoin cash got some great hike in the price over night but the current status of bitcoin is demonstrating a different scenario . The future is not known to anybody , maybe due to great support bitcoin cash might get some good value but surpassing bitcoin is going to be a real challenging task for it . The ongoing market of bitcoin cash is going all red . And the ongoing greens of bitcoin is showcasing a scenario of most investments in bitcoin rather than any other alt coin present in the market
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These whole controversial statements indicate the unclear stand of Russia towards Bitcoin and cryptocurrency. There one move can have a long lasting impact upon the citizens and global users of Bitcoin. Recently, Russia was determined to impose a ban on cryptocurrency and now issuing state-owned cryptoruble depict the dilemma of Russian governments. One needs to wait few days more until any clear statement is issued.
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Money laundering can turn out to be a reason of concern for those who have its huge amount . I have no fear of being suspected for money laundering as i don't have much of it and i also don't use it in unethical practices . Unethical practices used in the darkweb gives a alot of benefit to those people and they might get caught for money laundering .
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Japan is continuously backing up bitcoin . Knowing that bitcoin's home and birth place is Japan , it is very obvious that people will back it up . Japan also gives an inspiration to other such countries who are just so reluctant to use and legalize bitcoin . I Have notices that Japan is highly developed country which understands and motivate the use of technology to its best . So many such startups are backed up by Japan . I think all other countries should idealize Japan in this aspect.
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This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ? Everyday many such cases can be seen where the other pontential altcoins turn out to be scams. Many times this has led to heavy losses to the investors. They come up with the most tempting offers and the future value but at the end they turn out to be scam One can hold such coins till whatever time they can or cal also dump or report about it to others so that they dont fall into the trap.
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I think there is a fair chance for bitcoin to surpass the previous climax of $7556 . Bitcoin has crossed all the obstacles of china ban , s2x hard fork and the BCH and is rising faster and higher than ever. It is fearly expected thay bitcoin will atleast reach upto $8000 by the end of 2017 and if the conditions stays in the favor of bitcoin it can also reach upto $10k .
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This event has already occurred . Every bitcoin user was worried that bitcoin might fall into all time low after the dumping of various miners . But that does'nt seem to affect botcoin by any means . Bitcoin has got back its orignal value and is rising continuosly since then . From last two days bitcoin is not seeming to touch $5.5 k anymore. It is now approximately 7.5k.
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Thank you for sharing such vital information with us . Some day or other bitcoin is going to touch the peak of its popularity and will come into notice of governments all over the world . I hope that turns out that governments take bitcoin as an asset for their country . Only regulate it and don't ban it and take the decisions which are taken by China and Srilanka.
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Hello, Looking at graphs from fork.lol ( https://fork.lol/pow/hashrate) website, Bitcoin cash hashrate just doubled vs the Bitcoin core. It is currently at over 65% of total hashrate and growing... This is very concerning because it will be very hard or even impossible to confirm transactions if this keeps going at this rate and more miners will switch to Bitcoin cash. You might say that there will be 400% difficulty increase in BCH and all miners will switch back, but keep in mind there will be a fork tomorrow to fix just that. So... I start wondering if this will be the end of bitcoin as we know it? I don't think bitcoin is going anywhere . Bitcoin is certainly not dying . Even though many miners tended to go towards bitcoin cash , but i heard they are moving theri focus towards bitcoin again as the price drop is not happening for bitcoin . Whereas bitcoin cash is already loosing its value every day , I checked that bitcoin cash is down by -19.56% today approximately equal to $1.05k . Bitcoin on the other hand has already regained its previous all time value of $7.5k.
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1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ? 2) Do you think this crash normal (7,800$ to 6,200$) or intended This happens all the time in market . Any new controversy or fork leads to the downfall in the bitcoin value but that does't mean that this is going to affect the bitcoin's existence . Bitcoin ha survived many hardforks and many such situations in the past and have earned an even more value after that . Bitcoin is not going anywhere . The BCH is already starting to loose its value and bitcoin is rising on the other side . Any other altcoin cannot shake bitcoin so easily overnight.
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Another foolish statement made by an another ignorant person who doesn't know a thing about bitcoin . Bitcoin has come too far and risen above too high that all these statements seems like a joke now . Someone ask them , if bitcoin is just a speculation then why it is leading the market and how are so many people getting benefits out of it by just holding them ? Its high time people need to grow up and understand bitcoin.
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After a meeting last Tuesday among Russian President Vladimir Putin with the Central Bank of Russia, he said that the Central Bank should avoid making hasty 'ban' decisions about digital currencies. He also said that the government will work together with Vitalik Buterin and the Ethereum platform to improve the government's system. Now, authorities say that bitcoin and other digital currencies will be legally regulated from exchange to mining. "We have agreed on the following: the state should regulate the process of issuing cryptocurrencies, the process of mining, the process of circulation…The state should head this situation and regulate it legally." -Anton Siluanov, Finance Minister of Russia. See here: https://news.bitcoin.com/putin-confirms-russia-regulate-cryptocurrenciesYes , I heard this news making rounds . Another country failing to understand " digital currencies" . This is very upsetting that they merely understand the idea of digital currency and take decisions which might be wrong for the long run . The world is leaning on technology for every thing now , and digital currency is the need of people now . Regulating currency like bitcoin will totally ruin the idea of decentralized economy and all the old methods of taxation and all will be imposed on it . This is a shame that governments just look out for their fiat currency benefits .
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Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why? Because: 1. Is good for all businessman for good transactions. Buy something and sell something. 2. Is good for payments needs to pay like billings every month. 3. For less time and moved for travelling on anywhere we want. 4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's 5. Easy to transfer money if they needed immediately like emergencies. pay for medicine. Theres a lot of good reason. This is the dream of every bitcoin user . Freely using bitcoin without any fear and taxation . Every bitcoin user has to convert bitcoin into fiat and then use it , which makes it a very cliche process . All the points mentioned above seems very good to us for our use . But the central government might not approve them as this is going to affect the market value of their fiat and moreover central banks would likely dissapear due to this . So this still remains a dream for many of us.
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I believe Bitcoin expense is one of the fastest expanding investment on the planet. At the present rates of growth i believe Bitcoin price will certainly double by itself after the coming year so investing in Bitcoin is very profitable
There is no doubt, that investment in Bitcoin has a great potential in the coming days but one should not ignore alt coins at the same time. I believe that if someone invests at right time can make upto 10-20x in alt coin in a short span of time. But all such things require proper knowledge of the coin and company so that one can make best out of least. Rest investment in Bitcoin is profitable in the coming years there is no rocket science in that after seeing current scenario.
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Fiat currency cannot crash easily, but fiat currency may get extinct in the coming future. Every country is trying to publicize cards and online transaction, in short one can easily see that government itself wants to eradicate fiat currency and introduce their own virtual currency. fiat currency will be replaced in the coming years by some sort of virtual currency but that virtual currency being Bitcoin is still hard to say.
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