Russia full ban on crypto
Insane Day to wake up to, Markets are bleeding.. well it's nothing new in the land of crypto. Damn this also happened last year it fell closer to $30,000 but still markets look manageable in terms of kind of knowing where it goes. Sure it's just an observation.
Look at last year In January 2021,
Jan 21, 2021 BTC was sitting at a cool 30k You know for sure many are filling up their bags. I have said this in previous posts, the price is pulling back for an even bigger momentum and thus could break the $100,000 Number we all want to see.
Nothing new with these crashes.. or corrections, crypto is acting like a Tsunami.... water recedes before a massive 20 foot waves hit the shoreline boom $100,000 easy.
Billionaire is having fun with a unregulated market
I mean this Guy..
A simple tweek by this fool can sure move the price of such things. Thus Why any crypto is okay pulling back by one person just means its not ready for the "mainstream". Enough about this fellow though..
Russia
Bank of Russia calls for a full ban on crypto
Enters Russia, seems to be the new China in banning all things crypto.. Russia out of all countries.. that's a joke.
Russia's central bank considers making cryptocurrency trading, mining, and transaction illegal, according to a recent report.
To the big wigs over on the motherland- "cryptocurrency is highly volatile and frequently employed in criminal activities such as fraud." Sure as if Cash has never been used for criminal activities my lord who are these so called leaderships?
According to the bank, new rules and regulations are needed in Russia to prohibit crypto-related activities.
Look at this image and tell me where you see Crypto for these purchases..
We all know that, in the grand scheme of things Bitcoin and any other coin its an asset holder.. some what.
Thus all central governments and banking systems want it torn down, the idea of no banks and or middlemen scare the crap out of these hedge funds and massive banks.
This all means, to me is load up on coinage. Pure and simple gov sticky hands
Bring in more fiat
Right now is a golden time to stock up on crypto, especially on the Hive-Engine market, sure its all red and massive sell offs but remember millionaires are made in the bear market and only realize this during the bull run.
Hive hit a ATH of over 3$ about before the end of 2021,.. did you take profits and now jumping back into Hive at cheaper lows now, considering we maybe hit a nice floor and wont go below $.90 moving forward..
DCA
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I reckon it will depends on what other countries will do in terms of they own crypto regulations/endorsements, time will tell but im here for the long time not the short ride :) so HODL
I was so surprised seeing this price but all the same is not a surprise in the world of crypto because it's definitely what we will experience and I believe this is the best time to invest on them for future purposes.
Can just believe for this price but shall it the market things which it gonna be balance very soon. Crypto now in the marketing fluntra
We will be there sooner
ahhh so that is why the markets dropped so much. I was wondering what happened when I checked.
the funny thing is that people just sell on news that is completely irrelevant to the fundamentals of bitcoin. Will banning btc on China, Russia, Europe etc. destroy btc? No, not a chance! The blockchain will just keep on running. It's a prime example of people confusing price and value with one another. The value of bitcoin is still there, and even more so for Hive...
But that's just how people react. It's best to drink some iced tea in those times :P
There is no ban on cryptocurrency in Russia. It is assumed that the law will be adopted by July 1. And a lot can change during this time.
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People who lack the right mindset about crypto will only panic. I believe this is just a scheme to shake off some people. For me I'm in for the long term, so I don't really care about the current prices
I was thinking $0.80 is when I begin loading up on more Hive from my stablecoin reserves.
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It was easy for China and Russia to ban but the other countries won't have such an easy time to do so. But I really am wondering what the US will do because we got quite a few people who really want to control everything in power right now.
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Ive been watching the markets do their thing and have been trying to get what benefits I can out of it. Didn't know russia said that though. !PIZZA
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