Topic: Russia banning BTC? - page 7. (Read 2951 times)
Rave! Recently, even on federal TV channels, they began to talk about the crypto currency. And only on the good side. I think people are preparing quietly to the fact that bitcoin will soon enter our life.
I don't think this news is truthful. For me it sounds more like marketing manipulation by rumors, making people panic sell. Bitcoin cannot be banned by no country.
Is there anyone left who gives a shit what Russia thinks or does any more?
There'll be someone along tomorrow telling us that Putin will be put on the blockchain next week.
Compared to China they're really not very good at coaxing Bitcoin's penis out of its knickers only to spurn it again.
There'll be someone along tomorrow telling us that Putin will be put on the blockchain next week.
Compared to China they're really not very good at coaxing Bitcoin's penis out of its knickers only to spurn it again.
Probably only Kremlin trolls and the usual FUD spreaders , lambchop style.
Russia means nothing. An economy that is under California.. of sorry also Texas, of wait also New York in terms of GDP , a failed state that is the largest country in the world full of oil gas metals gold everything and their economy is the size of Spain.
Who the hell would care what Russia will do?
Even if they do "ban" bitcoin again, nobody will follow them as nobody but Syria and NK are crazy enough to believe that Russians are doing smart things.
In Russia we keep hearing contradictory statements. It all depends on what mood woke up Putin. I generally don't pay attention to their statements. Russia is a big country in size but the population is small. They can not affect the market of bitcoin. I don't think they're ready now to ban bitcoin. Russia's economy shows steady decline in and so nobody will deprive people of the opportunity to provide for themselves. Why do they need food riots?
Their population is not small. They are the largest country by population in Europe and 9th in the world.
But they are dirt poor, so again , nobody gives a damn what they do.
All the governments will try to shut down bitcoin for sure, but russia? seriously? i though that this was one of the countries that most supported bitcoin at all, it is really impresive for me.
I dont think it is real, can anyone confirm it? how do we know if this hasn't been writen by a troll or by a normal user?
please try to give more explanations about it, if it is real, then it would be a mess.
In Russia we keep hearing contradictory statements. It all depends on what mood woke up Putin. I generally don't pay attention to their statements. Russia is a big country in size but the population is small. They can not affect the market of bitcoin. I don't think they're ready now to ban bitcoin. Russia's economy shows steady decline in and so nobody will deprive people of the opportunity to provide for themselves. Why do they need food riots? I dont think it is real, can anyone confirm it? how do we know if this hasn't been writen by a troll or by a normal user?
please try to give more explanations about it, if it is real, then it would be a mess.
Russia is doing the same thing as China has done in last month. They are going to ban exchanges, not the bitcoin. This is in favor of bitcoin, not against it. Bitcoin is copeting with all other alt-coins, I guess Russia does this to sustain the appreciation of bitcoin. After what China has done last month in favour of bitcoin (by banning all ICO's and all exchanges), Russia is coming and is continuing this trend. Now Russia is more progresist than USA, and they make all they can to help improve the bitcoin and impose it on the market. Bitcoin is the future and all Asia and Eastern Europe has recognized this.
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.
If a whale starts selling the coins, we might see price drop. But as soon as the price starts to drop, new investors will get an opportunity and start investing and join the game. This will cause the price not to fall down freely, balancing out the situation. No ways the price will go below 75% of the current value.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.
Drop would be limited if it's not universal and global. Anyway, I don't think Russia will ban bitcoin here. This is not logical because it's the center of ethereum as you all know. No reason to ban it.
All the governments will try to shut down bitcoin for sure, but russia? seriously? i though that this was one of the countries that most supported bitcoin at all, it is really impresive for me.
I dont think it is real, can anyone confirm it? how do we know if this hasn't been writen by a troll or by a normal user?
please try to give more explanations about it, if it is real, then it would be a mess.
I dont think it is real, can anyone confirm it? how do we know if this hasn't been writen by a troll or by a normal user?
please try to give more explanations about it, if it is real, then it would be a mess.
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.
If a whale starts selling the coins, we might see price drop. But as soon as the price starts to drop, new investors will get an opportunity and start investing and join the game. This will cause the price not to fall down freely, balancing out the situation. No ways the price will go below 75% of the current value. 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.
Looks legit news, yet there is no confirmations if it is real, also i thought russia is already into btc mining and they are supporting blockchain, so why are they gonna block btc trades in their country? Somehow confusing
These Govt's ban such activities mainly for Taxes and some people use illegal activities. As far as I am seeing Bank are in a loss when people are using Bitcoin to transfer the funds. Bitcoin now is nearly $5000 so Anti Govts doesn't want to move a ahead. let see next which country will ban Bitcoin?
The news is true can verify via hacked..com and cryptocoinnews..com I am curious as to how the market will interpret this. Your thoughts?
What kind of line will the government of Russia not know, but President Putin considered,
that the crypto currency has serious risks, creating the possibility of money laundering, tax evasion, financing of terrorism and the spread of fraudulent schemes.
And, as you know, the words of the president in Russia mean a lot.
that the crypto currency has serious risks, creating the possibility of money laundering, tax evasion, financing of terrorism and the spread of fraudulent schemes.
And, as you know, the words of the president in Russia mean a lot.
Yes it seems the government don't want any more complicated problems with bitcoin. large countries have been retreat to use bitcoin one of them china, country that has an important role for bitcoin.
Is there anyone left who gives a shit what Russia thinks or does any more?
There'll be someone along tomorrow telling us that Putin will be put on the blockchain next week.
Compared to China they're really not very good at coaxing Bitcoin's penis out of its knickers only to spurn it again.
There'll be someone along tomorrow telling us that Putin will be put on the blockchain next week.
Compared to China they're really not very good at coaxing Bitcoin's penis out of its knickers only to spurn it again.
this news shocked me, I'm so worried about Bitcoin in the future, 
I'll wait for the news why the Russian government banned Bitcoin and hopefully their explanation is clear the reason ..
I'll wait for the news why the Russian government banned Bitcoin and hopefully their explanation is clear the reason ..
Russia has been trolling everyone here for years, and yet people get affected by whatever Russian statement. Bitcoin doesn't rely on one or several countries -- if Russia wants to play hard to get, then let them do that, Bitcoin won't give a single damn. If you're really shocked, maybe you should spend some time into learning about why governments and banks don't like Bitcoin. I am quite sure that your shock will turn into understanding, but at the same time put a smile on your face.
this news shocked me, I'm so worried about Bitcoin in the future,
I'll wait for the news why the Russian government banned Bitcoin and hopefully their explanation is clear the reason ..
I'll wait for the news why the Russian government banned Bitcoin and hopefully their explanation is clear the reason ..
Looks legit news, yet there is no confirmations if it is real, also i thought russia is already into btc mining and they are supporting blockchain, so why are they gonna block btc trades in their country? Somehow confusing
If this is true, Russia will fail to stem the rising tide of cryptocurrency usage and popularity. Rather than move backwards, the Russian government should embrace bitcoin and other cryptocurrencies and figure out ways to capitalize on their growth. Banning it will only encourage underground use.
I heard about these many days ago that Russia will be banning bitcoin and I even heard that Russia was trying to get of hold of the bitcoin in their own country. If Russia bans bitcoin it can create a problem for bitcoin to reach 5000 dollars or if after reaching 5000 dollars the ban may lower the value of bitcoin or slow the growth.
In the past I've heard some good news about Russia that they will regulate crypto soon and they are also inviting Bitcoin miners. Another news said by some Russian (I don't know his name exactly) "It is illogical to ban Bitcoin and cryptocurrencies".
I'm now wondering why would they ban? Or they plan to regulate it? Can't trust this news.
I'm now wondering why would they ban? Or they plan to regulate it? Can't trust this news.
Russia are just blocking the web based exchanges of Bitcoin, I believe they are not banning it completely. Even I think they might be regulating it and bring out systematic and tracked exchange.
Recently there is news that China will or might resume cryptocurrency trading by licensing exchanges and implementing (KYC) Know Your Customer and (AML) Anti-Money Laundering systems.
So I hope Russia will be starting to regulate the exchanges, trying to curb corruption and illegitimate activities.
In two years I can't count how many threads I saw about Russia banning bitcoins, arresting people who using bitcoins, and what happened from all that rumors, I will tell you nothing happened.
Like recent situation with China, what happened in the end? They will have couple legitimate exchangers, same will do the Russia. Russia is supporting China in everything they do with crypto currencies, now it will be the same, they will ban some exchanger sites and they will support others that they can control, that is how they dictatorship governments like to do.
If the Russians try to ban the exchange websites, then it will be a very stupid move. Nowadays even the schoolchildren are aware of VPNs and web-proxies. The Bitcoin users are not going to be affected if the government blocks the exchange websites. But it will become harder for the Russian authorities to track the users and to tax profits on Bitcoin.
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