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Author Topic: [2016-11-21] The Head Of Russia's Largest Bank Admits To Speculating With BTC  (Read 286 times)
Nina Lyon (OP)
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November 22, 2016, 07:08:48 PM
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While most Bitcoin users in Russia prefer to hide their interest in cryptocurrency, because of the unclear outlook on cryptocurrency regulation, the head of Russia’s largest bank – Sberbank – has confirmed that he has exchanged some of the Bitcoins he had into fiat money.

Read more: https://coinidol.com/head-of-russia-largest-bank-admits-to-speculating-with-btc/

CoinIdol.com - Media Outlet
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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November 23, 2016, 03:52:41 PM
 #2

While most Bitcoin users in Russia prefer to hide their interest in cryptocurrency, because of the unclear outlook on cryptocurrency regulation, the head of Russia’s largest bank – Sberbank – has confirmed that he has exchanged some of the Bitcoins he had into fiat money.

Read more: https://coinidol.com/head-of-russia-largest-bank-admits-to-speculating-with-btc/

Most top bankers would have checked out Bitcoin. It pays to know the advantages (and disadvantages) that your competition has to offer.
And if bankers have to fear anything, it is Bitcoin.


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November 23, 2016, 06:11:46 PM
 #3

"I had a few Bitcoins, and I did not like its exchange rate, so I have placed an order on hold and said that when the price reaches such a value, please, exchange [bitcoins] into Rubles and Dollars. In two and a half months I noticed that the price [of bitcoin] reached that level and it was exchanged. Of course, it all brings a great pleasure and is enjoyable like a game, but soon it will be our whole life."

This value will be one day a nice memory. Like for the early adopters $100 seemed a chimera.
We will see the biggest asset appreciation in History.
Soon on BTC Talk...  Wink
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