Quote from: Vishnu.Reang on July 18, 2019, 05:31:35 PM

Quote from: goldenbitC on July 18, 2019, 09:59:21 AM

Everything is bad in Russia. crypto currency does not want to be legal, but at the same time they try to impose taxes. in General, many of my friends want to leave the country, everyone is tired of this attitude

At least your government is not arresting anyone for owning Bitcoins. The situation is really bad here in India. A proposed law, if passed by the parliament would make owning Bitcoins punishable by a prison sentence up to 10 years. I am not talking about using Bitcoins for any illegal trade. Just for owning Bitcoins, you will get a long prison sentence.

We all know that banks are being closed because of Bitcoin. Only 4% of gold is added in Bitcoin and the price is hitting $13K and many people claim according to their technical analysis that Bitcoin will hit 100K this year. It can be a rumor but it could be happened. So here I am going to explain that whatever anything which is expected to be happen in upcoming couple of years.

Before I explain, I appreciate you for the appreciation and courage you've given me in last technical analysis, So Do you think that Bitcoin will hit $1 Billion ?

It is possible and it will be happened too, But how ?

Are you Surprised ? Shocked

As you know that Banks are being closed, so whatever they will do before closing is to print as many Dollars as they can to buy Bitcoin as because their market (the Bank) is being closed, which will create a lot of inflation, a lot of inflation which you cannot imagine, this inflated money will be invested in Cryptocurrency. Like Bitcoin, Ethereum, XEM, XLM, TRON, DGB, DOGE, XRP, IOTA and in most popular coins, the IMF will be closing soon because of Bitcoin. But there will be alot of inflation. Because of this inflation, people will demand to increase their wages, so this will be a kind of nuclear attack, the ICE CREAM cone we were purchasing in 50 cents is now around $5, this will be around $50-200 in a few years. the basic wage in the USA is around $8-$10/h, this will be around $80-$200/h, Master Card and VISA make $5 trillion transaction per day, after when the inflation will increase too much, their system will be failed and they will not be able to handle it, so Crytocurrency will be taking its place. The total wealth of the World will increase from $200 trillion to $20000000000 trillion before closing the banks, so we can say that Bitcoin will hit for sure $1 Billion in next few years.