Russia banning BTC? - page 11. | Bitcointalksearch.org

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

1. banning an exchange is not banning bitcoin
2. cryptocoinnews is not a reliable source. they are known to write all kinds of weird bullshit and call it "news".
3. this year, reliable sources have been saying Russia is about to legalize bitcoin the same way Japan legalized bitcoin. this is a quote from the head of Russian Central bank actually. they said because bitcoin is traceable we consider it as legal.
4. nobody cares anymore about country ban FUD. Wink

Anthony1985

sr. member

Activity: 560

Merit: 251

Tic.eth

Quote from: Sukut on October 10, 2017, 04:46:28 AM

Wow that was quite unexpected. I guess this means BTC will take another dump?

I doubt this is going to affect the current trend.

joshki

full member

Activity: 210

Merit: 100

Quote from: dreamer81 on October 10, 2017, 04:47:20 AM

It doesn't matter if russia bans it, but it wouldn't surprise me. Russia is a communism just like china, so it makes great sense that they want to control their people. It wont matter really, because bitcoin is designed to be unstoppable. It would take all putins wealth to stop it, and I doubt he would use that much money on it. He'd rather buy 10000 more rockets.

I don't think Putin is interested in stopping bitcoin. He's endorsed mining operations and probably Russia will become a competitor to China in that.

Communism is really mostly dead, even in Russia and China. They still have some fascist practices certainly, but they haven't been real Communists in a long time.

dreamer81

sr. member

Activity: 616

Merit: 252

It doesn't matter if russia bans it, but it wouldn't surprise me. Russia is a communism just like china, so it makes great sense that they want to control their people. It wont matter really, because bitcoin is designed to be unstoppable. It would take all putins wealth to stop it, and I doubt he would use that much money on it. He'd rather buy 10000 more rockets.

Sukut

full member

Activity: 392

Merit: 101

Wow that was quite unexpected. I guess this means BTC will take another dump?

HappyCaptain

full member

Activity: 630

Merit: 100

Quote from: joshki on October 10, 2017, 04:24:27 AM

Market manipulation, maybe -- it makes no sense for them to do this given their current political moves they've made with regard to bitcoin. Strongly doubt this is actually going to happen.

I agree with you maybe someone wants to manipulate the market to buy some bitcoin at a lower price because they know that bitcoin is going up right now.

Palmholder

full member

Activity: 224

Merit: 100

Quote from: joshki on October 10, 2017, 04:24:27 AM

Market manipulation, maybe -- it makes no sense for them to do this given their current political moves they've made with regard to bitcoin. Strongly doubt this is actually going to happen.

Totally agree with you. Some of them keep saing that it is a pyramid and gonna be forbidden or it it tool to provide crime activities. Others saing opposite, even they plan to make school lessions about blokhchains and cryptocurencyes to prepare population for new age. We are just waiting for the law they are creating nowadays, they said it is gonna be finished at the end of the year

joshki

full member

Activity: 210

Merit: 100

Quote from: smartbitcoininvestor on October 10, 2017, 04:37:32 AM

Its good that they educate the public about the dangers of Bitcoin but can't really agree about the limitation of freedom to make your own mistakes.

If you still think that Bitcoin is safe store of value think what happens when economic depression hits on. Stock market crashes gives you some idea. Mr. Market decides Bitcoins value so in no way can it considered "safe store of value". All it takes is one big whale to start selling and it may lose 75% of its value in an instant.

I wonder how many actual bitcoin whales there are left.

smartbitcoininvestor

sr. member

Activity: 652

Merit: 257

Its good that they educate the public about the dangers of Bitcoin but can't really agree about the limitation of freedom to make your own mistakes.

If you still think that Bitcoin is safe store of value think what happens when economic depression hits on. Stock market crashes gives you some idea. Mr. Market decides Bitcoins value so in no way can it considered "safe store of value". All it takes is one big whale to start selling and it may lose 75% of its value in an instant.

ahmad21

sr. member

Activity: 672

Merit: 271

Quote from: Anthony1985 on October 10, 2017, 04:23:44 AM

As soon as we reach $ 5000 there is a ban somewhere!

Haha true. But dont believe until any official announcement is made. Moreover it has been done right at the time when a hard fork is just coming up. Curious to see the reaction of investors. Because if this happens we might see a price decline again.

Meatbawl

newbie

Activity: 12

Merit: 0

Sad to see that so many countries are against bitcoins. Its probably because governments cant control as much as real money and earn less from taxes.

joshki

full member

Activity: 210

Merit: 100

Market manipulation, maybe -- it makes no sense for them to do this given their current political moves they've made with regard to bitcoin. Strongly doubt this is actually going to happen.

Anthony1985

sr. member

Activity: 560

Merit: 251

Tic.eth

As soon as we reach $ 5000 there is a ban somewhere!

Anthony1985

sr. member

Activity: 560

Merit: 251

Tic.eth

Just saw this article

https://www.cryptocoinsnews.com/breaking-russia-will-block-bitcoin-exchange-websites-says-central-bank-official/

Topic: Russia banning BTC? - page 11. (Read 2964 times)