VYB_POBSTREET 9-1-2022 #38: Is this the beginning of crypto final breakthrough

in #vyb3 years ago

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TODAY'S DISCUSSION


is this the beginning of crypto final breakthrough

  • As we all know the war between governments banks vs cryptocurrency all this while in which government are fund of causing fud(fear uncertainty doubt) qmong crypto holders banning crypto miners and all kinds of fud. Now this is a great news in russia a very powerful and influential country in europe legalising cryptocurrency.

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Crypto is making impact and I believe the world will accept it with opens hands and most countries will make it legal because I believe crypto is here to stay

Crypto is created to rule.
No one even the creator can stop blockchain transaction

Yes with the creator of blockchain unknown till date
Nakamoto.
even the creator of blockchain is decentralized man/woman and unknown

Absolutely yes, I agree with you on that

Definitely I agree with you on this, i keep on telling people that crytpto is the future that we are talking about right here and to me irrespective of the war taken against it,it adoption is very clear and it will soon be regarded as the best means of transactions nation wide soon

It will really be hard in some country to legalize crypto because once it been put into law what the govt first thought will be that people wont have to depend on then to make their own money. At that time too the minor citizens with find their way in making it through crypto.

Russia already did it.
When other powerful countries accept the crypto then they would have no choice.

India and Russia are a very powerful country.
We are still expecting from other countries too

I heard the news that Russia hold 10% of cryptocurrency and I don't know how true this is but seeing them legalizing it makes it suspicious

The news does not mean it is Russia government that is holding 10% but it means the whole Russia country including citizen

This does not change the fact that blockchain cannot be stopped no matter how those countries fight it so they rather accept and buy or manipulate the price and buy dip

They can't stop people from finding their way in making it already anyway.
Except if they can block every cryptocurrency transaction which is very impossible

Very highly impossible, their fear is that crypto will bring an end to some malicious means of getting fund compare to how they can get it with cash

Even though they don't accept crypto,they can't stop it anyway it would still happen as in people would still find thier way so they would be left with no choice

This is the beginning of crypto breakthrough exactly and this has caused the end of bear market.

Russia plus India is a very great news for crypto
Knowing the population of India and the power and influence of Russia in Europe

This is a great news and marks the beginning of this year bull run.

This fundamental reason for bull run came in the middle of bear market that is why the bull run was limited

After Russia,I want USA to announce publicly to legalize crypto too then we are good to go🚀🚀

China manipulate crypto the most so if China can admit it it will be great so am still waiting for China to.

Waiting for world bank to legalize it.
Well in the next 5 years it would be legal mark this

Government are now involved in crypto that in that case it can't be denied so 5 year or sooner it will be approved worldwide I guess

It is already legal now and we don't need to wait for five years.
it is now obvious to the world that government to are also interested in this

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Definitely Crypto Legalization is Good and Welcome news for all. While some countries are looking it as investment asset but not a legal tender, that may be good for a start. Recently India introduced 30% tax on all Cryptocurrency gains but not accepted it as legal currency yet holding and investment in Cryptocurrencies is good news for all. When more governments accept it and better securities introduced it will be great.

So is there difference between accepting as a legal tender and legalising it receiving 30% tax?

Legal Tender means Cryptocurrency can be used as mode of payment and transactions as do regular currency in market. But right now Indian government only allowed Cryptocurrencies as an investment asset just like stocks where gains will be taxed flat 30%. !PIZZA

A legal tender is making it an official currency for their country why legalizing it is not stopping from spending it.

Just like how china is not spending Brazil currency but it is not something in the guy if you spend Brazil currency in China but Brazil currency is not the official currency

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Is this the beginning of crypto final breakthrough.

Just getting to see this,but definitely I just have little to say and just as I do believe, crytpto to me is our today and tomorrow an very soon it will be adopted nation wide as a means of transaction.

I won't be superise if it now become the second Means of exchange good and services after cash