Russia and China will bring down Bitcoin in 2019

Next year, the value of Bitcoin could reach 60 thousand dollars, and its market capitalization will exceed $ 1 trillion. According to analysts, China and Russia can ban cryptocurrencies in their domestic markets. However, both countries are not going to give up the blockchain technology itself, with which it will manage all production processes in the future.

Comments

[svp67]

Next year, the value of bitcoin can reach 60 thousand dollars, and its market capitalization will exceed $ 1 trillion.

The higher Bitcoin gets, the harder it will fall ... and there is little doubt that this will happen. If "shoe shine" has already begun to deal with it - wait for the collapse

[solzh]

If Russia prohibits the use of cryptocurrency, how will it bring down Bitcoin with China? The answer is no way. Russia can bring down Bitcoin only by creating its own cryptocurrency.
Another thing is that bitcoin is essentially a soap bubble, a kind of financial pyramid, although no one has proved this, but it has not refuted either. And like any soap bubble or financial pyramid, bitcoin can collapse on its own.
On the other hand, we need to ask a question: is the creation of cryptocurrencies too early and does any country need it?
In my opinion, there are more questions about cryptocurrency than answers, therefore, you need to carefully monitor bitcoin and not rush to create your own cryptocurrency.

[shellhound]

Russia cannot bring down Bitcoin, no matter how much it wants, it is 0 in this thread. But China may, more than 60% of the capacity is located in China, if it closes this shop in itself, Bitcoin will fall to the bottom.

Here you are eating a soap bubble, a financial pyramid ... Do you realize that the current financial system is a pyramid / bubble? We live in a country with a secondary currency, we cannot buy the ruble just like that, for this we need to first buy the primary currency - the dollar.

Creating your own cryptocurrency is just wild wilderness, you must understand that this equals total control. The blockchain chip will become just a prison for us, since each operation will remain in the system forever, and if the wallet is identified ... I think it’s not worth explaining further.

[solzh]

But China can, more than 60% of the capacities are located in China, if it closes this shop in itself, Bitcoin will fall to the bottom

I don’t understand what you are talking about.

We live in a country with a secondary currency, we cannot buy the ruble just like that, for this we need to first buy the primary currency - the dollar.

A masterpiece! In vain to see, I studied economics for 5 years (((

Creating your own cryptocurrency is just wild wilderness, you must understand that this equals total control. The blockchain chip will become just a prison for us, since each operation will remain in the system forever, and if the wallet is identified

Just some 30 years ago, few could imagine that people would quietly communicate on a network called the Internet, make purchases online, and pay through an electronic wallet.

I think it’s not worth explaining further

Thank you, I don’t have to. Continue the conversation I see no reason. Good luck and all the best.

[shellhound]

Computing power for processing information blocks. Those same "farms", only on an industrial scale.

[Sling cutter]

Quote: shellhound

Russia cannot bring down Bitcoin, no matter how much it wants, it is 0 in this thread.

Haha It is believed that it’s just our “bureaucratic oligarchs” who are going to Bitcoin! Hence such an explosive jump in bitcoin
In the areas where our largest power plants are located, suddenly the electricity in the network disappeared Again, there is an opinion that Putiners mined loot there, not without reason the rabbler all about artificial tryndel.

[Nikolaevich I]

Quote: shellhound

we cannot buy the ruble just like that, for this we need to first buy the primary currency - the dollar.

Is that sho? A new round of "understanding" the problem: "What came first? Egg or chicken?" Have you tried to work for ... rubles? Maybe then you do not need dollars urgently?

[shellhound]

Another vyser towards Bitcoin, Russia? China? If you think so, then only a dollar country is profitable to increase and a sharp drop in bitcoin, to withdraw the extra billions of dollars from the game and thereby strengthen the dollar. And this, by the way, is quite real, since the United States is silent about bitcoin, although this is a very serious threat to them.

[NF68]

The real value of this bitcoin is somewhere to cover the cost of a roll of toilet paper.

[Bastinda]

You're not right! Toilet paper can be used for .... Do you try to use bitcoin like this? AND?

[Nikolaevich I]

Quote: Bastinda

Do you try to use bitcoin like this?

Buy toilet paper for bitcoin .....

[Seraphimamur]

Bitcoin is another scam - Mavrodiy nervously smokes on the sidelines.

[Nikolaevich I]

Quote: Seraphimamur

Bitcoin is another scam - Mavrodiy nervously smokes on the sidelines.

How to say ! When I first found out about bitcoin, this thing was worth ... I don’t remember how much, but relatively little. By the way, then I described how to buy bitcoin .... if I bought this cryptocurrency, and now I realized it, then “I would live in Sochi” and shake hands with GDP at a ski resort ... What is the principle of happy participants in financial pyramids? In time to "jump off"!

[AlexS]

This is a pyramid and it will collapse when its owners want it ...

[Sergey Ui]

I will sell my cue ball only at a price of $ 400000, while let it be stored)