What can you do. These are remnants of all socialist states. Any deviations from the decisions of the ruling parties in socialist societies are regarded as a challenge and sabotage to the decision of a political party.
In this case, it would be better not to criticize blockchain technology in China so that problems of both a political and legal nature do not arise. And why do this, the blockchain technology, in my opinion, is good in all respects.

It seems that the period when the cryptocurrency was not regulated and taxes were not paid on income from it, is passing. Now all states are considering the possibility of establishing taxes on profits in cryptocurrency and this is quite natural and logical. Any state has the right to establish taxes on any type of activity of citizens that brings them income. If the government in South Korea does this, citizens will be required to pay such a tax. Otherwise, the government will be forced to take retaliatory measures, including by restricting or even prohibiting the circulation of cryptocurrency.

I do not yet know the mechanism for holders of 32 ETH in the future to receive actual passive income, but this is probably due to the fact that the number of wallets in excess of even such a minimum amount of 32 ETH is about 110,000. Apparently, this way the possible number of wallets to which payments will need to be transferred is reduced. Even 110,000 wallets, this is a huge job to make payments.
Of course, I would like the minimum amount in ETH to be less.

It is very difficult to live in rural areas and use only cryptocurrency to make any purchases and pay for services. It seems to me that you can’t do without the existing financial system. You will not find the full opportunity to pay for everything in cryptocurrency. It is still not so common for this. In any case, you will have to convert the cryptocurrency to fiat. Yes, I don’t see the point of doing this. Regular currency is not so bad as to completely abandon it. However, try. After some time, I would like to hear how such an experiment ends. In my opinion, then you will appreciate the importance of the common currency in our lives.

The Chinese government is doing everything right, there they primarily care about the interests of their own state. This position has brought China into a superpower with a powerful economy, using the most advanced technologies. The appearance of their national stable coin CBDC is a very timely and necessary step for the development of China. In my opinion, this coin will be much more useful and promising than Libra would be. China's stable coin has a great future. At the same time, it is also a good step towards the recognition of the entire cryptocurrency.

Compiling any formulas for determining the price of bitcoin or any other decentralized cryptocurrency will be deliberately erroneous. Such a formula simply does not exist and cannot exist. The price of a decentralized cryptocurrency completely depends on the ratio of supply and demand in the market. These factors cannot be predictable. The actual price of the cryptocurrency is only the one that exists at the moment. In a moment, the real price for it will already be different.

The fluctuation in the price of bitcoin and in general cryptocurrency as a whole is a practical manifestation of its price volatility. This process in a decentralized cryptocurrency will occur continuously. You do not even need to hope that with an increase in its liquidity or price, the cryptocurrency volatility will fall.
In the past few days, bitcoin has made a lot of noise due to a sharp increase in its price, having risen by two thousand dollars over the course of two days. Although many refer that the reason for this was positive news from China, however, they could hardly affect the price of bitcoin so much. In any case, there is a reason for the cryptocurrency price increase. However, it may consist of a chain of many random factors or until external reasons that are invisible externally.

Recently, Bitcoin practically did not react with its price to either positive or negative news. The events that took place in China, namely: the statement of the President of China that the country will strive to become one of the leaders in implementing blockchain technology, as well as that they talked about Bitcoin and the operation of cryptocurrency on state television in China, is not significant, which could lead to a sharp increase in cryptocurrency prices. The reason for the price increase, if any, is something else.

The national currencies of various states can depreciate, which is called inflation. Inflation in a particular country always, as a rule, arises due to the inept management of economic and even political processes in the state by the government or intentional narrow-minded actions of a number of state officials. If fiat is used correctly, it only has a beneficial effect on the economy of the state. Therefore, it cannot be said that fiat is already outdated, it should be changed to other financial systems.

Of course, there are no threats to the existence of bitcoin from stable coins, but stable coins, in my opinion, have a definite negative and positive impact on bitcoin.
Stable coins attract the attention of new people, which will inevitably increase the popularity of the entire decentralized cryptocurrency. However, stable coins play the role of a means of payment, they are more convenient in calculations than bitcoin, and therefore some people will use stable coins instead of bitcoin as a means of payment.

A statement by the Chinese president that this country will strive to become one of the leaders in introducing blockchain technology cannot be the real reason for the last sharp increase in the price of bitcoin. There is no relationship between the recognition of blockchain technology and the recognition of cryptocurrency. I do not know a state that would not now recognize the revolutionism and perspective of the blockchain. Nevertheless, some of them prohibit or restrict the circulation of cryptocurrencies. In addition, the Chinese government has always recognized blockchain technology and there is nothing new in the statement of the president of this country.
The reason for the rise in the price of bitcoin is either different, or it does not exist at all. There were a number of coincidences that led to such an increase.

Due to the fact that the official creator of bitcoin does not exist, Satoshi Nakamoto is only a pseudonym and his identity has not been established, and no one has a patent for the invention of bitcoin, everyone can freely use both bitcoin and its logo. This state of affairs is only in favor of a decentralized cryptocurrency. The lack of a real creator of bitcoin makes this invention a public asset.

Stable coins, this is the same ordinary currency, only in digitized form. It always clearly corresponds to one, that is, the price of the ordinary currency with which it is provided. This means that if the regular currency falls in price due to inflation, then the stable coin that represents it will also fall in price. After all, a stable coin should not deviate from the rate of the ordinary currency that it represents. Therefore, I see no reason to buy stable coins to protect against inflation.

The last two years, the altcoin market has actually been in a bear market. Altcoins almost did not grow even when in the second quarter of this year bitcoin increased in price by almost four times. Under these conditions, investors are more likely to invest in bitcoin rather than in altcoins. Including therefore, the capitalization of bitcoin is increasing. I think that if by the end of the year bitcoin does not meet the expectations of investors, its level of capitalization will fall. In addition, this process will largely depend on the behavior of altcoins in the cryptocurrency market.

It seems to me that bitcoin does not lend itself to any technical analysis. He has long proved that for him there are no rules and mandatory schedules. He constantly presents us with unexpected surprises that do not correspond to any technical forecasts. Even now, bitcoin is almost equally likely to start to grow well in price, or quickly fall. Justification for one and the other of its price movement can always be found. Therefore, I do not believe in any death crosses for bitcoin. At the same time, I do not think that he is able to rise to prices in excess of $ 50,000. This is all so far from the realm of fantasy.

It is necessary to distinguish between the price of altcoins and the performance and development or decline of their project. If the price of our tokens has now fallen by about 90 percent compared to 2017, this does not mean at all that these tokens and their projects are dead. The price of tokens has now fallen, because Bitcoin has a tough price dominance in the cryptocurrency market. Unfortunately, we still do not have free prices for cryptocurrency. Token prices are falling because there is such a market now. This does not mean that these projects are in decline. They can still develop perfectly and many of them continue to develop. Of course, fraudulent projects and useless altcoins are also many. However, there will always be many altcoins appearing and many useless ones disappearing from the market. Everything is developing and we do not need to rush, altcoins are generally useful and they need to be given time to prove themselves.

The activities of ICOs are not yet practically regulated by states. Considering that everyone is allowed to raise funds and create their own tokens, in fact there is no proper control over the identity of the ICO team members, and the amount of fundraising is large and sometimes reaches millions of dollars, this attracts a lot of scammers from around the world. We ourselves can do very little to hinder the activities of such scammers. Only state regulation of this type of activity can solve this problem. If the authorized state bodies will check the members of the ICO team, register them and exercise at least general control over their financial activities, then fraud in ICO projects can practically disappear.

The United States had long had to work on the issue of its national stable coin, and not wait until private individuals began to deal with global financial issues and therefore the US financial system will in the future depend on the actions of these private individuals. Probably, the US government realized that it is better to lead the process of transition of society to cryptocurrency than to fight it. Therefore, this step is quite predictable, especially after the Chinese government began to force the appearance of its national stable coin CBDC. This is a fairly positive process for the development of cryptocurrency if world states begin to issue their national stable coins, which will be supported by governments.

Paper money replaces not only gold, but also any product, any material values ​​that can be exchanged in the state. Therefore, paper money at their face value is stamped on the amount of increase in gross national income of the state for a certain period.
I do not quite understand the reason why the Bank of the Netherlands is concerned about the possible general collapse of the global economy. In my opinion, this is too much exaggeration. Problems in the world economy have always been, however, they are completely solved by conventional methods.

The private letter of one senator of the US Congress does not have any significant significance for the further development of the Libra project. But the latest report of the G7 countries and the Bank for International Settlements, which sharply negatively assessed the possible appearance of this coin, actually puts a fat cross on this project. Although before that time it was already obvious that the Libra coin is unlikely to ever appear after its main financial partners left this project.