July has already begun, but there is no good price rise for altcoins. Do not expect it in the second half of summer. At a minimum, something may be in the fall, but clearly not the altcoin season. Although everything is possible. The situation in the world can change dramatically and this will lead to changes in the cryptocurrency market.

you don't need to compete with banks-you need to coexist with them, it's very important to understand

It's right. Cryptocurrency has no chance to resist the states and their banking system. Cryptocurrency, of course, affects the banking system, but it is not able to replace it. At the same time, states will not be indifferently watching such a process, if the cryptocurrency had such an opportunity.

Bicoin remains the top choice even though its price has been dumped down to an estimated 70% and this is pretty solid evidence that Bitcoin is the digital asset that everyone in the entire cryptocurrency market wants.
There is no need to hesitate anymore if we buy Bitcoin at a price that was red because it only took a few days for Bitcoin to turn green and rise quickly.

The collapse of bitcoin may be when it generally stops growing in price at the current pace. We must understand that it cannot grow in price indefinitely. So far, the principle of a large increase in the price of bitcoin during the year after the next halving is working. But whether this trend will continue in the future, I'm not sure. Price movement is created by people by increasing or decreasing demand. With the continued high price volatility of bitcoin, its high price value will already have a negative impact on its further price growth.
And the current price drop of bitcoin during the bearish period is a temporary matter.

The truth is many governments globally do not understand crypto since the officials are mainly in their 50s and 60s. Thus they may regard it disdainfully as a criminal venture or just straight up ponzi scheme. It takes a progressive government to recognize it and regulate it

Don't just treat governments like people who don't understand cryptocurrencies. Of course, now there is so much different information in the world that it is already impossible to cover everything on your own. But for this they have enough different young specialists and advisers. It’s just that governments aren’t very interested in cryptocurrencies. They don't intend to use it. In any case, as far as the cryptocurrency market participants want.
The regulation of cryptocurrencies by states and their governments will be inevitable. They just don't rush.

In my opinion, throughout the past 2022, we were primarily concerned about the falling prices in the cryptocurrency market and when this crypto winter will end. But, unfortunately, it still continues to this day. Against the backdrop of recent events on the FTX exchange, it is even predicted that the price of bitcoin will fall to 12-15 thousand dollars, and this will also affect the entire cryptocurrency market. Today, we see a further drop in the price of bitcoin to $16,723 and the red color of the cryptocurrency in the CoinMarketCap table. The main thing is that no one can say for sure what will happen to prices in this market in the near future. The situation is very unpredictable.

Quote from: bitcoin-shark on October 03, 2022, 09:52:22 PM

I personally do not believe that Russia will ban cryptocurrencies since there are large investors and that perhaps it is the only way to circumvent the financial sanctions imposed by Europe, indeed I believe that it(Russia) will favor the exchange and trade of altcoins

indeed all will say the same as you said, that it is very unlikely that Russia will ban crypto because we know that the use of crypto in Russia is very large and it is a necessity just like the others.
but Putin's decision to set prohibition rules, clear no one will dare to violate them because there will be sanctions that will occur.
but will this rule last forever? obviously not because after all Russia has known crypto for a long time and has become a very popular commodity.
Moreover, the embargo of European countries will also greatly affect and can make Russia will experience difficulties if there is no alternative transaction, but at this time Russia is very confident that they feel they are needed.

In Russia, the circulation of cryptocurrency and its use as a means of payment is prohibited at the level of the law. They repeatedly remind: their constitution establishes that the only means of payment on the territory of the Russian Federation is the ruble. I have not heard that in Russia they were going to change their constitution because of the cryptocurrency. The fact that in Russia citizens widely use cryptocurrency is true. But Putin has long given a damn about the opinion of his people. For him, the main problem now is the defeat of the Russian army in Ukraine, the offensive of the Ukrainians and the displacement of the invaders from Ukraine, as a result of which he can not only lose power, but also his worthless life. Therefore, if in Russia something changes for the better in relation to cryptocurrency, then it will not be under Putin.

Fraud in crypto will always exist because there are no regulations or legal rules regarding new projects in crypto, but this is the risk of investing, we profit when we get a good project.

New projects are currently being created, despite the ongoing bear market, many projects above rank 2000 are still surviving despite their declining trading volume.

If in the ordinary spheres of human life it is impossible to eradicate fraud and various kinds of abuse, then in the practically unregulated sector of digital money, with a high degree of anonymity and confidentiality of its participants, it will be impossible to eradicate these phenomena at all. In any case, in the foreseeable future, this is not even worth hoping for. Moreover, the reserve of beginners, who can be very easily deceived, is still very large. After all, only no more than 20 percent of people are familiar with cryptocurrency and this market.

Quote from: Alcor on December 15, 2022, 02:08:32 PM

Quote from: Speaker on December 15, 2022, 07:55:36 AM

no one knows for sure, I don't think that Russia will be written off, too many depend on its gas and oil.

The civilized community no longer has any other choice than to permanently eliminate the threat that has been emanating from Russia for a long time. The Russian government has committed a lot of deliberate negative actions in recent years, attacking not only its neighbors, but also creating a military threat around the world. Therefore, some of them have already recognized the Russian Federation as a terrorist state. The Russian Federation commits inadequate actions and at the same time possesses nuclear weapons. Therefore, the world needs to take retaliatory measures against this monkey with a nuclear mace. The most logical measure would be to help the nationalities in Russia itself to free itself from the centuries-old oppression of its central government and, thus, the Russian Federation will break up into many separate republics.

Not everything is as easy and simple as it may seem, Everything that has been created for decades inside the country-it is impossible to destroy from the inside in an instant and break up into separate states.

@Bliznec. I wonder what in the content of @Alcor's post led you to such a strongly negative reaction? Don't feel like reading the truth about "great Russia"?

Today, Russia fired another batch of 76 cruise missiles into the cities of Ukraine. Moreover, 40 of them are in its capital Kyiv. There is only one goal - to intimidate Ukrainians and leave them without heat, water and electricity in winter. Do you think that this is an act worthy of a normal state? The whole world sees this, which is why the EU has already recognized Russia as a terrorist state, because this is ordinary state terrorism. And what about the wholesale robberies of Ukrainian houses, when Russian "liberators" took out and mailed home stolen toilet bowls, washing machines, video cameras and everything, down to worn linen? Is it worthy of a Russian soldier? What about mass rapes and killings of civilians? Have you seen the numerous "communal" graves of civilians that Russian soldiers leave behind after they are expelled by the Armed Forces of Ukraine from the occupied territories of Ukraine? Everywhere they find numerous torture chambers, where the Russians mocked civilians for pleasure. These crimes are carefully documented and in due time will be presented as evidence in a special tribunal against Russia and its political leadership. There are not thousands of such crimes, but tens of thousands.

Russia has won wars when it fought on the same side with the Ukrainians. Now Russia has attacked Ukraine not only to seize its territory, but to appropriate its history. After all, even the name "Rus", Russian, is taken from the name of the previously powerful state of Kievan Rus, when Moscow was still the village of "Mokva" because of the swampy terrain and belonged to one of the Kyiv princes - the Grand Duke of Rostov-Suzdal and Kyiv Yuri Dolgoruky. Until 1700, Russia was called Muscovy or Moscow kingdom.
In Ukraine, Russia will break off not even teeth, but wolf spears.