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Author Topic: Economic Embargo and Restrictions Can Push Bitcoin To The Top  (Read 4134 times)

Offline pelana vreo

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #15 on: July 25, 2022, 06:07:41 AM »
Russia was a great and big country when they were called the Uni Soviet, I think the CBDC option would be better because Russia has partners like China, no country can embargo, when the country they embargo has partners and large natural resources. I hope altcoins and Bitcoins are used for good purposes

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #15 on: July 25, 2022, 06:07:41 AM »

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #16 on: July 25, 2022, 08:48:13 AM »
There is always pro and cons about Bitcoin related to the country's condition.
But in this case, Bitcoin utility is sometimes really connected to certain restrictions in a country.
If that happens like what OP said, it makes sense that Bitcoin can be one of the solutions, doesn't it?
Bitcoin offers easier payment, without regulation by certain governments.
In order for transactions to be made in bitcoins, the other party must also agree to accept bitcoin, and this is not always possible. In addition, agreeing to pay with bitcoins is only half the battle. Bitcoin in this case will pay for the movement of a certain sub-sanctioned product, and this product in large volumes cannot be hidden from the international community. We already see this in the example of Russian tankers carrying oil or stolen grain in Ukraine moving at sea. Therefore, bitcoin is unlikely to solve the problem of avoiding sanctions here.

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #17 on: July 27, 2022, 03:03:03 PM »
History has been so far that the more economic sanctions have been imposed on bitcoin, the more people's attention has been attracted towards bitcoin. And the development of bitcoin has grown more rapidly, it has also attracted the attention and acceptance of many countries such as El Salvador.
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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #18 on: July 28, 2022, 02:55:59 PM »
It’s true that the Western sanctions have impacted Russia’s economy in the first place. But right now, Russia is countering it by cutting off energy and gas supplies to Europe. Because of the gas wars, Europe is now divided as they may try to avoid recession.

Germany is the mostly affected country because they are relying too much on the Nord Stream 1 of Russia where they have supplied 1/3 of it.

As regards to Bitcoin’s price performance due to the ongoing escalation between Ukraine and Russia, it was just temporary and it held on to somewhere $40k until Terra Luna’s crash started the real dump.
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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #19 on: August 02, 2022, 05:22:51 AM »
Russia was a great and big country when they were called the Uni Soviet, I think the CBDC option would be better because Russia has partners like China, no country can embargo, when the country they embargo has partners and large natural resources. I hope altcoins and Bitcoins are used for good purposes

I agree with you, Russian is the big country and has good relationship with China.I think This embargo won't havebig effect for Russian.
That's my opinion.

Offline Astra

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #20 on: August 13, 2022, 08:53:16 PM »
It’s true that the Western sanctions have impacted Russia’s economy in the first place. But right now, Russia is countering it by cutting off energy and gas supplies to Europe. Because of the gas wars, Europe is now divided as they may try to avoid recession.

Germany is the mostly affected country because they are relying too much on the Nord Stream 1 of Russia where they have supplied 1/3 of it.

As regards to Bitcoin’s price performance due to the ongoing escalation between Ukraine and Russia, it was just temporary and it held on to somewhere $40k until Terra Luna’s crash started the real dump.
Russia is bluffing and hiding the consequences of international sanctions. The sanctions have already affected the domestic economy. The main sanctions against the Russian energy sector have not yet entered into force. December 5 will earn sanctions on the export of Russian offshore oil to the European Union. February 5, 2023 - Russian oil products.

The volume of sales of Russian gas to Europe is now a third of last year's level. It will steadily decline, and will practically stop no later than 2024. Then Germany will become completely independent of Russian gas. After the entry into force of all European sanctions in the oil and gas sector, Russia's income from energy exports is expected to decrease by 40%.

Russia itself reduces gas supplies to the countries of the European Union, trying to blackmail these countries, therefore, apparently, it is forever losing its main sales market. Russia is driving itself into a trap from which it can no longer get out.

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #21 on: August 18, 2022, 06:39:01 PM »
It’s true that the Western sanctions have impacted Russia’s economy in the first place. But right now, Russia is countering it by cutting off energy and gas supplies to Europe. Because of the gas wars, Europe is now divided as they may try to avoid recession.

Germany is the mostly affected country because they are relying too much on the Nord Stream 1 of Russia where they have supplied 1/3 of it.

As regards to Bitcoin’s price performance due to the ongoing escalation between Ukraine and Russia, it was just temporary and it held on to somewhere $40k until Terra Luna’s crash started the real dump.
The situation in the gas industry has a catastrophic effect on Russia itself. Russia itself has reduced or stopped gas supplies to 12 European countries. By doing this, she drove herself into a corner. "Gazprom" from January to August, according to official data, reduced gas production by 13.2%. Last month this figure was at the level of 10%. Due to the refusal to supply gas, it is necessary to reduce its production. Russia will soon have to mothball its wells. This will cause significant damage to the entire industry. The volume of production is reduced, exports are falling, revenues to the budget are declining, the number of jobs is being reduced.
For example, from January to August, exports to non-CIS countries amounted to 78.5 billion cubic meters. m - by 36.2% (by 44.6 billion cubic meters) less than in the same period of 2021.

European countries are now fundamentally reorienting themselves to other gas suppliers, and are also rapidly switching to alternative energy sources. And Russia is forever losing the European market for gas and oil.

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #21 on: August 18, 2022, 06:39:01 PM »


Offline mahadev

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #22 on: August 19, 2022, 09:06:00 AM »
I think economic embargo didn't effect to bitcoin price
Bitcoin always have circle, will have bullish and bearish every four years. As now, bitcoin is bearish.
And we will see bullish at 2024.
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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #23 on: August 19, 2022, 10:44:07 AM »
Russia was a great and big country when they were called the Uni Soviet, I think the CBDC option would be better because Russia has partners like China, no country can embargo, when the country they embargo has partners and large natural resources. I hope altcoins and Bitcoins are used for good purposes

I agree with you, Russian is the big country and has good relationship with China.I think This embargo won't havebig effect for Russian.
That's my opinion.
The economic sanctions that have been imposed on Russia for its military attack on Ukraine are slowly taking their toll on the Russian economy. The Kremlin has already seen and understood this, and since the Russians are losing the war in Ukraine, they have already thought about how best to get out of this war, about which Putin held a meeting on August 18. To return to Ukraine their territories, which were occupied by Russia after the large-scale invasion on February 24, this already seems to them the easiest way out. Only Ukraine agrees to sit down at the negotiating table only if the occupiers leave all the occupied territories, including the Donbass and the Crimean peninsula.
But then the issue of reparations will be decided, Russia will have to pay Ukraine for the destroyed infrastructure and killed civilians. For the pleasure of destroying and killing, you will have to pay ...

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #24 on: September 04, 2022, 12:10:13 PM »


With the news of the impending invasion by Russia into Ukraine, the USA administration of sleepy Joe Biden has been spewing warning of big economic embargo that can befall the economy of Russia, never mind that USA is now considered as a weak giant that can have a hard time to create a coalition of similar-minded  influential countries to with it.

Economic embargo can be so difficult for any country because it can essentially mean that dealing with international commerce can be  thorny and that is why when a country is under one just like Iran or North Korea you must be creative enough to find resources and sympathetic other countries to come to your aide.

Now, if a country is under embargo, one has the option of using Bitcoin to settle obligations and payments. And I think Iran is thinking on this right now if they are not already using this option. This is one reason why Iran is relaxing its stance on Bitcoin and maybe allowing it on the country on a limited basis. Now, this can also be a big factor why Russia can be thinking of the same.

I think demand and supply are the basic factor of the bitcoin performance.
I don't think about embargo.
As we know, Current market is bearish because bitcoin halving will happen at 2024.
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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #25 on: September 22, 2022, 10:37:07 AM »


With the news of the impending invasion by Russia into Ukraine, the USA administration of sleepy Joe Biden has been spewing warning of big economic embargo that can befall the economy of Russia, never mind that USA is now considered as a weak giant that can have a hard time to create a coalition of similar-minded  influential countries to with it.

Economic embargo can be so difficult for any country because it can essentially mean that dealing with international commerce can be  thorny and that is why when a country is under one just like Iran or North Korea you must be creative enough to find resources and sympathetic other countries to come to your aide.

Now, if a country is under embargo, one has the option of using Bitcoin to settle obligations and payments. And I think Iran is thinking on this right now if they are not already using this option. This is one reason why Iran is relaxing its stance on Bitcoin and maybe allowing it on the country on a limited basis. Now, this can also be a big factor why Russia can be thinking of the same.

I think demand and supply are the basic factor of the bitcoin performance.
I don't think about embargo.
As we know, Current market is bearish because bitcoin halving will happen at 2024.
indeed there is an intention that it will be used by Russia but it will no longer be able to be done, because President Putin has signed a regulation prohibiting the use of crypto and it includes bitcoin, it can be used in Russia. so that there will not be any transactions that can be made in Russia with crypto.
so the embargo that has been carried out by European countries and their allies against Russia will not make bitcoin an alternative to be used, but Russia uses its allies to be able to carry out transactions in full in order to avoid the embargo.

You are right that bitcoin is clear because the demand and need factors that can make it very important and influential can continue to increase. but indeed this is a bearish season and there is nothing to do but wait for that period to end. it must be remembered that the halving period will occur in 2024 where there will be significant changes in bitcoin.
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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #27 on: September 27, 2022, 09:10:18 AM »
I don't think economic embargo and restrictions could push bitcoin to the top .
Because bitcoin has the basic factor that make bitcoin to the top.
Demand and supply.
also waiting the bitcoin halving.
indirectly I strongly believe that there is no correlation between the embargo or economic restrictions will have a direct impact on the increase in bitcoin, because it seems that the two sides will not be the same alias different.
but I strongly believe that the halving period is clear that will make improvements will occur, because it is an experience that has already happened and usually there will be repetition.
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Offline bayiajaib

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Re: Economic Embargo and Restrictions Can Push Bitcoin To The Top
« Reply #28 on: September 27, 2022, 03:30:23 PM »
I don't think economic embargo and restrictions could push bitcoin to the top .
Because bitcoin has the basic factor that make bitcoin to the top.
Demand and supply.
also waiting the bitcoin halving.
indirectly I strongly believe that there is no correlation between the embargo or economic restrictions will have a direct impact on the increase in bitcoin, because it seems that the two sides will not be the same alias different.
but I strongly believe that the halving period is clear that will make improvements will occur, because it is an experience that has already happened and usually there will be repetition.


You're right, there is no correlation between economic embargo and bitcoin performance.
I think  current market is bearish..
Crypto price will struggle until bitcoin halving 2024.


 

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