Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
starmman
on 30/08/2017, 10:35:55 UTC
Quote from: BubblePopper on August 30, 2017, 10:31:24 AM
Quote from: Denker on August 30, 2017, 09:08:34 AM
Quote from: BlindMayorBitcorn on August 30, 2017, 02:21:27 AM
Moscow Stock Exchange is creating an infrastructure to trade cryptocurrencies such as bitcoin. The exchange plans to trade cryptocurrencies as well as derivatives and exchange-traded funds (ETFs) based on them. This announcement closely follows the plan by Deputy Finance Minister Alexei Moiseev to regulate bitcoin as a financial asset.



What's Russian for 'boom'?





So in Russia they will make it legal and possible to trade Bitcoin and cryptos for the guys with deep pockets while the average worker will not be allowed to invest in it. This is pretty sad to read and I doubt it will work out.
Probably a thriving black market will exist beside that regulation, as I can not believe people who are aware of cryptos will accept getting robbed the opportunity to invest or speculate with that technology, which could change so many people's situations into a better life.

This is a misdirection to get the USA to think crypto isn't that important. Russia's weak economy can be bolstered if all its citizens bought BTC and they know this. Russia still plans to build massive mining infrastructure

Mining in russia is pretty much the most profitable place to mine

The fight for the last 5 million BTC will take many years and by then the electricity to produce 1 bitcoin will be over 10k even in Russia, and price of BTC probably be at least 100k

Intersting news - thanks for sharing - hopefully that will add a small increase to the long term value of BTC - good news in my opinion