Ruble in freefall... Too bad for those people they outlawed Bitcoin! hahaha

[redhawk979]

I see the Ukraine incident as not giving a fuck/having power, not being corrupted. Can't really make an example of that.
Well you're right I guess, but Russia at least doesn't monitor me, who is not a citizen of it.

NAILED IT

Its pretty naive to believe the US is the only country monitoring non-citizens. They were just dumb enough to get caught/have that info released. There were even notes in Snowdens documents that MI6 was doing it too.

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[exoton]

I too hope Russian economy completely collapse. Gives the ppl the chance to rebuild their government. Its corrupted far too long.

Definitely nowhere near as corrupted as the US, or a few countries in Europe. Well never corner someone who has over a few thousand nukes, is my opinion.
Well the news with Ruble is horrible, the people there suffer.

The US does not jail people for speaking out against the government, this is something that Putin routinely does. The government also literally controls the media in Russia which essentially makes it impossible for the fact that they are corrupt in the first place from being made public (it makes dissemination of this information much more difficult)

This is not to say that the US is not corrupt at all, but at least the US tries to fight corruption

[freedombit]

The US does not jail people for speaking out against the government, this is something that Putin routinely does. The government also literally controls the media in Russia which essentially makes it impossible for the fact that they are corrupt in the first place from being made public (it makes dissemination of this information much more difficult)

Agreed, but we (as a country) seem to be on a slippery slope. I don't think it is a matter of law, but a matter of politics. It seems our own politicians need to "ride the party line" if they want to keep their jobs. This does not create an atmosphere where one can freely think and speak out of the box.

[pawel7777]

The US does not jail people for speaking out against the government...

But it does jail and torture people without trials and prosecution (Guantanamo, CIA prisons in eastern Europe). Sure, you can say that it's somehow justified, but it only shows you that all the noble principles of freedom, justice etc. are nothing but the empty words.

You are allowed to criticise US government probably only as long as your opinion is worthless. If they see you + others as a real threat, you could expect a reaction, possibly something in cointelpro style.

http://en.wikipedia.org/wiki/COINTELPRO

[Lauda]

I see the Ukraine incident as not giving a fuck/having power, not being corrupted. Can't really make an example of that.
Well you're right I guess, but Russia at least doesn't monitor me, who is not a citizen of it.

NAILED IT

Its pretty naive to believe the US is the only country monitoring non-citizens. They were just dumb enough to get caught/have that info released. There were even notes in Snowdens documents that MI6 was doing it too.

That's just a bold statement backed up by nothing.

[redhawk979]

I see the Ukraine incident as not giving a fuck/having power, not being corrupted. Can't really make an example of that.
Well you're right I guess, but Russia at least doesn't monitor me, who is not a citizen of it.

NAILED IT

Its pretty naive to believe the US is the only country monitoring non-citizens. They were just dumb enough to get caught/have that info released. There were even notes in Snowdens documents that MI6 was doing it too.

That's just a bold statement backed up by nothing.

Are you telling me you honestly believe that the US is the only country who does this?

[TKeenan]

Tough talking Putin had a meeting today with the press - but still failed to put the many billions of dollars worth of economic loss he caused.  The people still suffer.  All their shit worth $1million yesterday is now worth .5.  "chained bear with no claws and no teeth" - lol   What a fantasy that guy has.  The whole fucking world is mad at him for taking Crimea - not just the US.  He is so fucking jealous of the US it is pathetic. 

Russians are such pussies or they would have replaced him long ago.  He is a dirty player way past his manipulated term limits.  How soft are the Russians?  They stand by for this shit?  How much can they take?  They must like being cold and hungry.

[exoton]

The US does not jail people for speaking out against the government...

But it does jail and torture people without trials and prosecution (Guantanamo, CIA prisons in eastern Europe). Sure, you can say that it's somehow justified, but it only shows you that all the noble principles of freedom, justice etc. are nothing but the empty words.

You are allowed to criticise US government probably only as long as your opinion is worthless. If they see you + others as a real threat, you could expect a reaction, possibly something in cointelpro style.

http://en.wikipedia.org/wiki/COINTELPRO

I disagree. First of all, the supreme court has ruled that people being held in Guantanamo have the right to petition for a writ of habius corpus so the court system does have oversight over these prisoners. 

Additionally, the US is not putting people in these prisons for speaking out against the government they are putting them in these prisons because they are trying to kill and terrorize innocent people. The people jailed often do not have any value to their opinions, and are not known to even the people they support until they carry out their terrorist attack

[Bananana]

Ruble fell 12% against dollar on Monday alone.  Still think Bitcoin is volatile?
Read it and weap: http://money.cnn.com/2014/12/16/news/economy/russia-ruble-collapse-options/index.html?hpt=hp_t2
Poor Russians got nowhere to turn - so they are stuck holding that crap fiat ruble not worth a penny these days.

The problem is, bitcoin fell from $380 to $310 just in a week. That is 19% fall. So it is still volatile.

[cyberpinoy]

Ruble fell 12% against dollar on Monday alone.  Still think Bitcoin is volatile?
Read it and weap: http://money.cnn.com/2014/12/16/news/economy/russia-ruble-collapse-options/index.html?hpt=hp_t2
Poor Russians got nowhere to turn - so they are stuck holding that crap fiat ruble not worth a penny these days.

You are an idiot with your uneducated false hope posts!

Bitcoin has seen a 12% to 20% drop every month since JUNE with an overall 57% drop in 6 months DAH, wake up bro. Please learn something, anything about currency markets. Bitcoin price 370 (December 1 2014) down to 312 (Today) that is a 15% drop.

Bitcoin is not a safe haven currency or commodity (Gold) so they would not fall back on bitcoins even if it wasn't outlawed. They would and have fallen to9 gold or silver to keep their value of the roubles they own.

Now, the Rouble drop was due to oil prices dropping in the west. Because a lot of Russias economy rests in its production and export of crude and refined oils when the western price of oil drops so does their unit of money. More than likely this was due to a high supply and lower demand, in addition with the sanctions.

The difference between bitcoin and the Rouble, Bitocin has no demand to strengthen its market, and Russias rouble will bounce back when the oil prices rise again, even if sanctions are not lifted when the supply becomes lower than the demand prices of oil will go back up strengthening the Rouble against the dollar again.

What does bitocin have behind it pushing its demand ....NOTHING!!!!!

[cryptocoiner]

Ruble fell 12% against dollar on Monday alone.  Still think Bitcoin is volatile?
Read it and weap: http://money.cnn.com/2014/12/16/news/economy/russia-ruble-collapse-options/index.html?hpt=hp_t2
Poor Russians got nowhere to turn - so they are stuck holding that crap fiat ruble not worth a penny these days.

[solex]

Tough talking Putin had a meeting today with the press - but still failed to put the many billions of dollars worth of economic loss he caused.  The people still suffer.  All their shit worth $1million yesterday is now worth .5.  "chained bear with no claws and no teeth" - lol   What a fantasy that guy has.  The whole fucking world is mad at him for taking Crimea - not just the US.  He is so fucking jealous of the US it is pathetic. 

Russians are such pussies or they would have replaced him long ago.  He is a dirty player way past his manipulated term limits.  How soft are the Russians?  They stand by for this shit?  How much can they take?  They must like being cold and hungry.

Putin has complete knowledge of the state apparatus. Every morning he receives three folders. The first is domestic intelligence, everything happening within Russia, secondly, foreign intelligence (which must be a big read), the third is apparatchik contacts: who is communicating to who. Nothing significant happens without his knowledge.
http://www.newsweek.com/2014/08/01/behind-scenes-putins-court-private-habits-latter-day-dictator-260640.html

[funkenstein]

Tough talking Putin had a meeting today with the press - but still failed to put the many billions of dollars worth of economic loss he caused.  The people still suffer.  All their shit worth $1million yesterday is now worth .5.  "chained bear with no claws and no teeth" - lol   What a fantasy that guy has.  The whole fucking world is mad at him for taking Crimea - not just the US.  He is so fucking jealous of the US it is pathetic. 

Russians are such pussies or they would have replaced him long ago.  He is a dirty player way past his manipulated term limits.  How soft are the Russians?  They stand by for this shit?  How much can they take?  They must like being cold and hungry.

Putin has complete knowledge of the state apparatus. Every morning he receives three folders. The first is domestic intelligence, everything happening within Russia, secondly, foreign intelligence (which must be a big read), the third is apparatchik contacts: who is communicating to who. Nothing significant happens without his knowledge.
http://www.newsweek.com/2014/08/01/behind-scenes-putins-court-private-habits-latter-day-dictator-260640.html

I find it difficult to believe anybody in that kind of position could be well informed.  The only way to be even worse informed would be to read newsweek. 

[panju1]

Ruble fell 12% against dollar on Monday alone.  Still think Bitcoin is volatile?
Read it and weap: http://money.cnn.com/2014/12/16/news/economy/russia-ruble-collapse-options/index.html?hpt=hp_t2
Poor Russians got nowhere to turn - so they are stuck holding that crap fiat ruble not worth a penny these days.

The problem is, bitcoin fell from $380 to $310 just in a week. That is 19% fall. So it is still volatile.

It has recovered somewhat post that fall. I would say the outlook for Bitcoin is far better than the outlook for the Rouble.
Improvement in the price of Rouble requires sanctions to be removed and that requires some change in the attitude of the Russian government. It doesn't look like this would happen quickly.

[bornil267645]

Many tried, everyone failed, No one will succeed in OUTLAWING the bitcoin.

[botany]

Many tried, everyone failed, No one will succeed in OUTLAWING the bitcoin.

They won't succeed. Their efforts may however result in bitcoin being pushed to the fringes in their respective countries.