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Author Topic: Russia 2018, another turning-point to the Crypto-community?  (Read 338 times)
The Goodman
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June 01, 2018, 03:07:07 PM
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Come 14th June 2018, the world's biggest sporting event, the FIFA World Cup, will kick off in Russia. People from all walks of life will travel to Russia to witness this unique event. To some, this is an opportunity to be there, irrespective of whether their country has qualified or not.
Russia, as we all know, is one of the prominent countries that accepts the use of cryptocurrencies. For this reason, many hotels, restaurants, bars, night clubs, camping sites, tourists sites etc, will definitely make bitcoin a means of payment.
So, could Russia 2018 be an opportunity for cryptocurrencies to spread further far and wide? Could this be an opportunity for cryptocurrency to be made known to those who currently have no idea?
And could this be considered as another turning point to the crypto-community?
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Fayamba
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June 01, 2018, 03:20:25 PM
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I have always harbored the feeling that this event will make crypto more popular and take it to another level. The only thing that we wish for is for the event to move on smoothly without any hindrance because we now live in a world where there are a lot of threats from other countries. People will definitely run out of cash due to certain reasons, and others will prefer a digital form of money as compared to physical cash due to security reasons. This i think will make cryptos popular in Russia for this event.

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THATBTC
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June 01, 2018, 03:22:40 PM
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Come 14th June 2018, the world's biggest sporting event, the FIFA World Cup, will kick off in Russia. People from all walks of life will travel to Russia to witness this unique event. To some, this is an opportunity to be there, irrespective of whether their country has qualified or not.
Russia, as we all know, is one of the prominent countries that accepts the use of cryptocurrencies. For this reason, many hotels, restaurants, bars, night clubs, camping sites, tourists sites etc, will definitely make bitcoin a means of payment.
So, could Russia 2018 be an opportunity for cryptocurrencies to spread further far and wide? Could this be an opportunity for cryptocurrency to be made known to those who currently have no idea?
And could this be considered as another turning point to the crypto-community?

wwooow of course it do, that's great news
IMMBAGGA
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June 01, 2018, 03:38:37 PM
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Yes I am also of the opinion as expressed by you.  FIFA is big event and that too in country like Russia where crypto currency is accepted will boost the currency of bitcoin.  Prices will also effected may be upwards.
The Goodman
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June 01, 2018, 03:52:40 PM
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I have always harbored the feeling that this event will make crypto more popular and take it to another level. The only thing that we wish for is for the event to move on smoothly without any hindrance because we now live in a world where there are a lot of threats from other countries. People will definitely run out of cash due to certain reasons, and others will prefer a digital form of money as compared to physical cash due to security reasons. This i think will make cryptos popular in Russia for this event.
I totally agree with your point about security issues being a main threat to this event. Things of that sort are usually unpredictable. But you would also agree with me that this is a global event and Russia will not take it lightly because it can easily dent the reputation of the country should this happen. Their military system is not weak and we all know that. So i think they would have started preparing for this event as long as you and i can imagine. But all the same, anything can always happen. So lets just hope and pray that the event moves on smoothly.
stompix
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June 01, 2018, 03:59:20 PM
 #6

Russia, as we all know, is one of the prominent countries that accepts the use of cryptocurrencies.

No, it's nowhere near that status.

For this reason, many hotels, restaurants, bars, night clubs, camping sites, tourists sites etc, will definitely make bitcoin a means of payment.

Assumptions...
https://i.imgur.com/wwJhI0n.png

So, could Russia 2018 be an opportunity for cryptocurrencies to spread further far and wide? Could this be an opportunity for cryptocurrency to be made known to those who currently have no idea?
And could this be considered as another turning point to the crypto-community?

Unfortunately, no, no and no.
A lot of people expected something from the Olympics in Rio, a lot from the EURO 2016, yet...nothing happened.

Events like this are not going to affect the price anymore. Those are not the times of a Nascar and Superbowl ads.




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June 01, 2018, 04:02:46 PM
 #7

Yeah this feels so good. I hope the astor game project would come and ready for this since the project was focus on fifa world cup and they are announcing it in their official telegram that they should be getting ready for it. The project focuses on utilizing their tokens for betting. Well it could be good somehow even if you had a good token utilization but you need to consider also wallet exchange and that i think KONIOS can provide. I love this project since it has a good rating in the ICO BENCH mark.

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hodlftw
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June 01, 2018, 05:55:50 PM
 #8

It sure could be but I doubt any real rise will come of it. Maybe some people will use cryptos but I doubt it will cause a huge flair in crypto usage. I think the Olympics would be a better suited venue to increase awareness.

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Svetlazara
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June 01, 2018, 09:25:18 PM
 #9

Russia, as we all know, is one of the prominent countries that accepts the use of cryptocurrencies. For this reason, many hotels, restaurants, bars, night clubs, camping sites, tourists sites etc, will definitely make bitcoin a means of payment.

Why do you think so? In Russia there is not yet a wide application of crypto-currency, and the laws on the crypt are still being adopted. The FIFA World Cup is a massive event attracting a lot of tourists. There are many interesting attractions  In Russia that are worth seeing in addition to the World Cup. To my mind this event will not affect the development of the crypto currency.
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June 01, 2018, 09:43:46 PM
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It sure could be but I doubt any real rise will come of it. Maybe some people will use cryptos but I doubt it will cause a huge flair in crypto usage. I think the Olympics would be a better suited venue to increase awareness.
I also think that the impact might not be so pronounced except FIFA makes an official declaration for the adoption of Bitcoin or if the community was proactive in coming up with ways to incentivized the buying of tickets, food, accommodation, etc with Bitcoin.

Argoo
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June 01, 2018, 10:00:14 PM
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I do not think that the World Cup in Russia will somehow significantly influence the spread of crypto-currencies in this country. We should not forget that while in Russia there are no regulatory legal acts on the regulation of the crypto currency and in general, although the definition of its status, and in its State Duma there are several controversial bills, including the establishment of criminal liability for the use of crypto currency as a means of payment. Therefore, it is unlikely that bitcoin and other types of crypto currency will be used very widely. If it does, it will be isolated cases.

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June 01, 2018, 10:01:14 PM
 #12

if those mentioned hotels bars and other places are the ones who attract tourists and have a sign there about crypto then definitely it will help the crypto community to grow more and become acceptable as there are so many tourist and the most importatn thing they are not poor.

Mezze
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June 01, 2018, 10:18:58 PM
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I don't think so.
Maybe it would mean something for the mass adoption of crypto if they hand out the rewards in BTC instead of $ or Eur.
19nataliya12
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June 01, 2018, 10:22:58 PM
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Meanwhile, in Russia there are only a few days before the adoption of the long-awaited documents in the innovative digital sphere. Already in the coming Tuesday, May 22, the first reading of the draft laws on crypto currency and crowdfunding will take place in the State Duma. In the first document, the notion of a "digital field" is fixed, the second is devoted to crowdfinding, and the third determines the general conditions for organizing the initial placement of coins (ICO) and the turnover of Fiats.
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June 01, 2018, 10:29:04 PM
 #15

I suspect there will be an increase in prediction market products launching before WorldCup so that one can start betting on football matches with crypto. Although not sure how this add to the image of crypto if real life usage is gambling and porn.Wink

dothebeats
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June 01, 2018, 10:45:49 PM
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Russia is definitely not a crypto-friendly country. Very recently, the Russian government is targeting ICOs and are trying to eliminate the spread of bitcoin usage stating that it mght cause some negative effects to their citizens. On a side note, they are looking to develop their own crypto which seems to be ironic on their stance against cryptocurrencies. Anyway, in regards to the FIFA world cup, most attendees are only there for the matches, and the very little crypto usage migt take place. It is indeed a big event but not the right one to inform the public about cryptocurrencies.

The Goodman
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June 01, 2018, 10:48:53 PM
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It sure could be but I doubt any real rise will come of it. Maybe some people will use cryptos but I doubt it will cause a huge flair in crypto usage. I think the Olympics would be a better suited venue to increase awareness.
The world cup is far bigger than the Olympics, so why do you prefer that event to the world cup? Lets consider the country that will host it too, is crypto accepted in that country? I agree with you that the change may not be significant, but if there should be an event that will bring a change, then it should be the world cup.
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June 01, 2018, 10:54:27 PM
 #18

Of course Russia is one of most crypto currency believer so there's nothing possible for bitcoin gain again their price because of help of that's fiba event, hoping in the middle of the event bitcoin price including altcoins are slightly increase into the coinmarketcap, excitement to seen in the flow chart because of fiba event held in Russian crypto currency gain their popularity in the world not only their price.
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June 01, 2018, 10:56:49 PM
 #19

Yes Russia world cup fifa 2018 is a great opportunity to communicate bitcoin. Have a better chance if advertising through football ⚽ world cup. World people easily realise the value of Bitcoin.

The Goodman
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June 01, 2018, 10:57:52 PM
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Thanks @stompix, @dothebeats, @Argoo, @Svetlazara, etc for doing due diligence to this topic. I must say that i have been educated today. Thanks once more.
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