Russia Intends to Ban All Cryptocurrencies

[guru]

While other countries are embracing cryptocurrencies

Really? Embracing?
Goldman just issued a report stating that:
“
cryptocurrencies like Bitcoin are not even an asset class in the first place, and that they offer neither cash flow nor a hedge against inflation.

"We believe that a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment for our clients," the slide concluded.

That wasn't the worst of it. A follow-up slide suggested the other most notable feature of cryptocurrency is as a "conduit for illegal activity," including Ponzi schemes and ransomware, while another invoked the Dutch tulip mania. Ouch.
“


And really, I don’t hear about people shopping with bitcoin. Only being blackmailed and extorted.

 

[virtusa]

.......you can't ban something that everyone in the world uses.........

Are you serious??? "everyone in the world uses"? The majority does not use it at all. You got brainwashed, just like people who live it religious sects.

Just like the way the united states can't do anything about it but regulate it. It would be like trying to stop the hoover dam with a toothpick.

The US should regulate it? Keep on dreaming.

 

[Turveyd]

Here is an idea, what you want is a crypto currency, where you can exchange it for real $$$'s or ££'s or whatever then freely and untraceable swap with others for whatever service ie drugs or hookers you require.

Right the company holding your cash can then make money via minimal charges and the interest so there happy.

But if you buy 100 Zargo's for $100 in 12months time, it's still get this worth $100, that would be ideal!!

 

[Trader Curt]

Are you serious??? "everyone in the world uses"? The majority does not use it at all. You got brainwashed, just like people who live it religious sects.




The US should regulate it? Keep on dreaming.

That's right, people all over the world use it. Its a fact.

And no, the U.S has already regulated it. Sorry buddy, but it sounds like you don't know what you're talking about

 

[Turveyd]

That's right, people all over the world use it. Its a fact.

And no, the U.S has already regulated it. Sorry buddy, but it sounds like you don't know what you're talking about

No he's right, nobody uses it, too unstable, a few trade via it or own a couple of coins and are hugely in profit, nobody uses it to buy the milk from Tesco's.

1 mate has 2 coins he paid £40 for years ago and that's it, might of sold 1 and lived off it for a year, pretty sweet to be fair.

 

[Trader Curt]

No he's right, nobody uses it, too unstable, a few trade via it or own a couple of coins and are hugely in profit, nobody uses it to buy the milk from Tesco's.

Nobody uses it for that reason, yeah I agree, but that has nothing to do with what I was saying

 

[Turveyd]

Nobody uses it for that reason, yeah I agree, but that has nothing to do with what I was saying

Only use I can see that warrants the risk of the value changing so much, is Drug money.

 

[wiesman02]

USA needs to ban the cancer known as bitcoin

 

[Turveyd]

USA needs to ban the cancer known as bitcoin

Legalize drugs that'll kill it

 

[Trader Curt]

Only use I can see that warrants the risk of the value changing so much, is Drug money.

Well that's your opinion, not my problem