If all countries banned BTC i think bitcoin will dead.
Russian, maybe China and so on
Topic: Some bad news for a change: Russia's total ban on bitcoin - page 2. (Read 3899 times)
The Ruble is losing value rapidly relative to the USD:
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
And?http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
In Russia most people have savings in USD and EURO.(after default 1998)
USD goes up to Ruble.
Every goods are cheaper because prices in Rubles have changed little.
So most Russian citizens become richer
That's cool
Indeed, and Russia's economy is in a downturn, so it will get worse before it can get better
http://www.nasdaq.com/article/imf-slashes-russias-2015-growth-forecast-20141001-00682
Haha, determine the status of industry by forecast of speculatorshttp://www.nasdaq.com/article/imf-slashes-russias-2015-growth-forecast-20141001-00682
Nice joke
The Ruble is losing value rapidly relative to the USD:
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
Indeed, and Russia's economy is in a downturn, so it will get worse before it can get better
http://www.nasdaq.com/article/imf-slashes-russias-2015-growth-forecast-20141001-00682
Russia banning Bitcoin would be grasping at straws, or finding a scapegoat, whichever your prefer.
The Ruble is losing value rapidly relative to the USD:
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
Indeed, and Russia's economy is in a downturn, so it will get worse before it can get better
http://www.nasdaq.com/article/imf-slashes-russias-2015-growth-forecast-20141001-00682
Russia banning Bitcoin would be grasping at straws, or finding a scapegoat, whichever your prefer.
Am i the only one who is worried about what happens to btc-e?
The prices on btc-e may shoot up by people converting their usd to coins and withdrawing them..
The prices on btc-e may shoot up by people converting their usd to coins and withdrawing them..
They are clearly afraid that Ruskies will panic dump their rubles for BTC. The Ruble has been the worst performing major fiat currency this year.
So stupid Actually there is deflation now in Russia
For example:
January 2014 1kW*h = $0.1
Now 1kW*h = $0.09
January 2014 1 liter of milk = $0.74
Now 1 liter of milk = $0.71
January 2014 cost Internet per month = $11.81
Now cost Internet per month = $10.5
And every other goods are cheaper now
The Ruble is losing value rapidly relative to the USD:
http://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
They are clearly afraid that Ruskies will panic dump their rubles for BTC. The Ruble has been the worst performing major fiat currency this year.
So stupid Actually there is deflation now in Russia
For example:
January 2014 1kW*h = $0.1
Now 1kW*h = $0.09
January 2014 1 liter of milk = $0.74
Now 1 liter of milk = $0.71
January 2014 cost Internet per month = $11.81
Now cost Internet per month = $10.5
And every other goods are cheaper now
is that old crap sold as new FUD? as far as I know Russia is considering use of Crypto as criminal offense (violation of anti money laundering law) since last year already.
FTFY
Quote
But since the Russians don't give a shit about US law and love to break US rules, bitcoin will gain even more popularity, so, I'd say it's bullish news.
FTFY
Bad news for Russians, not Bitcoin
Don't need Russia.
Don't need China.
More cheap Bitcoin for us!
This only gives the rest of the world more power in the future over Russia.
Bad news for Russians, not Bitcoin
Maybe it sounds stupid, but the more I think of it, the more I like the Russian ban.
The only problem is that I can't really believe it. It looks like a serious source though.
Either way, if they approve the law, they are fucked.
If they deny the law, they basically capitulate to bitcoin.
Moon moon moon.
The only problem is that I can't really believe it. It looks like a serious source though.
Either way, if they approve the law, they are fucked.
If they deny the law, they basically capitulate to bitcoin.
Moon moon moon.
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Was a bit of confusion in Russia news a day or so ago
First of all they announced they were considering capital controls
Then they announced they definitely weren't considering capital controls
So first make cryptocurrencies illegal - then introduce capital controls?
First of all they announced they were considering capital controls
Then they announced they definitely weren't considering capital controls
So first make cryptocurrencies illegal - then introduce capital controls?
They even considering banning internet a few month ago.
If Russian is asking and i hope not this is not gonna be good.
It will end up for us badly no money no profit no nothing.
Bad news, if a country has a war on Bitcoin it will probably eliminate it as well as the war on drugs has.
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To the moon and beyond.
We will prove that bitcoin works without rules.
It's crazy to ban math.
We will prove that bitcoin works without rules.
It's crazy to ban math.
It always to the moon.
All coins work without rules not just BTC.
BTC will stay prime for very long time other try to profit on price change.
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No surprise. Russia is now rolling back to Soviet Union times. Any freedom will be suppressed. They don't need decentralized cryptocurrency for people who soon will be living under the iron curtain.
Do you think that this will resolve for bigger price change in any crypto.
If so this is big real big.
Well, seeing as good news have negative impact on the price, here's some bad news:
Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed.
Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/
to the moon?
To the moon and beyond.Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed.
Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/
to the moon?
We will prove that bitcoin works without rules.
It's crazy to ban math.
It's much safer than crossing border with $10k in your ass.
Reminded me of: http://en.rocketnews24.com/2013/07/23/nine-taiwanese-accused-of-smuggling-60-75kg-of-gold-in-their-anuses/
I'm sure when these smugglers learned about Bitcoin they were like "fuck, really?"
No surprise. Russia is now rolling back to Soviet Union times. Any freedom will be suppressed. They don't need decentralized cryptocurrency for people who soon will be living under the iron curtain.
But since the Russians don't give a shit about law and love to break rules, bitcoin will gain even more popularity, so, I'd say it's bullish news.
Russia is now going to block any ways to send/receive money abroad and bitcoin may become the easiest "illegal" way doing so as It's much safer than crossing border with $10k in your ass.
But since the Russians don't give a shit about law and love to break rules, bitcoin will gain even more popularity, so, I'd say it's bullish news.
Russia is now going to block any ways to send/receive money abroad and bitcoin may become the easiest "illegal" way doing so as It's much safer than crossing border with $10k in your ass.
Well, seeing as good news have negative impact on the price, here's some bad news:
Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed.
Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/
to the moon?
Completely crazy regulators in Russia have proposed a law that would make any operations with cryptocurrencies illegal, with fines of 1000 euro for citizens and 2000 euro for organizations. Also, creating software for cryptocurrencies or distributing any information that could lead to creation of cryptocurrencies will be outlawed.
Source article in russian (law is not passed yet, but knowing that puppets vote for laws in Russia, it will be): http://lenta.ru/news/2014/10/03/bitcoins/
to the moon?
A Russian law but fines are in Euros and not in Rubles?
50000 and 100000 roubles will not say much to people
Okay that makes the article more believable. Then I could have commented: a well, Ruble is not doing too well lately anyway https://finance.yahoo.com/q/bc?s=RUB%3DX+Basic+Chart&t=5y . As the Ruble devalues the advantage of Bitcoin increases as even the fine banning it loses value
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