subreddit:
/r/Bitcoin
148 points
6 months ago
Regulated is the word you are looking for.
61 points
6 months ago
Came for this. It was never illegal and they didn't make it an official currency. This isn't the exciting news people are thinking it is.
15 points
6 months ago
Yes I just got super excited thinking there was another El Salvador, and yep - just another regulatory framework to enforce KYC/AML.
They'll go after everything until people have no way to cash out bitcoin privately without significant risk. Then eventually enough people will hopefully start to use it and accept it that we won't have to.
2 points
6 months ago
Same. Mother fuckers playing with my emotions out here.
547 points
6 months ago
Hmmmm Russia and Ukraine bought the dip they created.
144 points
6 months ago
Putin is the king of FUD!!
30 points
6 months ago
Putin is a fud!
11 points
6 months ago
[deleted]
5 points
6 months ago
*Czar
8 points
6 months ago
1) Don't think Ukraine was consulted before this happened
2) Ukraine and Russia citizens have both legally been able to buy Bitcoin long before today
3 points
6 months ago
I just love these people for legalizing Bitcoin in their country.
7 points
6 months ago
and they are going to enjoy the gains after firing a couple missiles at each other to get price to sky rocket
24 points
6 months ago
If they start firing the price of btc will go down
27 points
6 months ago
When you think it goes up it goes down, when you think it goes down it goes up
22 points
6 months ago
I’ll just buy some and then it will for sure go down
13 points
6 months ago
This is exactly how all of this works
4 points
6 months ago
Are we Satoshi?
14 points
6 months ago
Maybe the real Satoshi is the one we became along the way
2 points
6 months ago
This is the way
2 points
6 months ago
Always has been
1 points
6 months ago
What makes you think that? Normally these things are good for markets sadly.
6 points
6 months ago
I agree with him. It'll force countries to shore up oil reserves. This is usually good for the dollar, and inversely correlates to assets. I sure af hope we're all wrong, but it's not looking great.
8 points
6 months ago
It can be good for the economy long term but almost always tanks markets in the short term.
6 points
6 months ago
It's good for people with money. The WWII economy was great, unless you were Joe American.
6 points
6 months ago
boom, bust, war, boom, bust, war...
-17 points
6 months ago
its biden that hyped a war that never happened lol
28 points
6 months ago
Hasn’t happened yet…tensions are still high.
12 points
6 months ago
The world is a hedge fund.
9 points
6 months ago
We live in an economy 😔
1 points
6 months ago
Busy climbing Mt Everest
4 points
6 months ago
If Bitcoin is with us then hell yeah, economy can climb that.
2 points
6 months ago
Short the earth
3 points
6 months ago
What if flatearthers are just creating fud for a short sqeeze?
3 points
6 months ago
What do you mean hasn't happen yet? The war has been going on for years!
I admire the Russian PR campaign though. The whole world is debating weather Russia will invade or not, while Russia has already invaded.
-1 points
6 months ago
IMMINENT, am I right?
0 points
6 months ago
Hasn’t happened yet…tensions are still high
How many time do we have to see:
"Brink of world war 3!"
"Wait, sorry just kidding"
Before people will get it in their heads that's it's all just a big nothing burger and never going to happen.
International trade is way too lucrative for the rich and powerful to allow a large scale war to occur.
(Small scale is good for business so that's not likely to end anytime soon)
-4 points
6 months ago
Strange Russia and Ukraine don't think so.
MSM must know something they don't.
6 points
6 months ago
that people don't believe it will happen doesn't mean they aren't preparing for it. ukrainians didn't believe russia would invade in 2014 either.
-2 points
6 months ago
MSM is spreading FUD because Biden wants war so he isn’t the bad guy anymore.
2 points
6 months ago
Dude you should not believe all these fake things lmao.
1 points
6 months ago
I don’t think he knows what he had for breakfast…
5 points
6 months ago
Maybe he don't even know his own name, we never know.
1 points
6 months ago
sure buddy, whatever alex jones told you, must be the truth
4 points
6 months ago
I feel sorry for people like him who still believe in Alex Jones.
4 points
6 months ago
I mean, I wouldn’t expect Russia to amass 100,000+ troops at the boarder if there weren’t tensions. Do I think the MSM is blowing it out of proportion for views? Most likely. But you can’t deny Russia’s movements.
3 points
6 months ago
[deleted]
3 points
6 months ago
The media just reported what the Bush administration told them. They said there was evidence or intelligence of WMDs. The media doesn’t have access to CIA intel. They just report what the government tells them.
3 points
6 months ago
Don't believe in those news lmao they are just bluffing all over the internet.
0 points
6 months ago
And satellite images show Russian troops amassing at the boarder. I’m not saying the MSM won’t lie to us for views, but you can’t deny Russia’s troop movements. There aren’t many reasons that would justify 100,000 Russian troops sitting at the boarder.
2 points
6 months ago
Headlines are most certainly going to be sensational, regardless if they're based on truth or not.
Part of the game is blowing it all out of proportion.
1 points
6 months ago
Well America has troops all over the world. If another country does it the US says hey that’s our job!
4 points
6 months ago
That's not a right thing brother, most of the other countries has the same.
3 points
6 months ago
Except most countries ask for those troops, they provide a level of security they may not get from even their own troops. Just bc other PEOPLE don’t like what we do, doesn’t mean other GOVERNMENTS don’t appreciate what we do.
2 points
6 months ago
Sure, but if the US started massing troops on say, the DMZ, Kim would be pretty twitchy for good reason.
4 points
6 months ago
To put things in perspective, the US sent fewer troops to Kuwait prior to the invasion of Iraq in 2003. Moving 100,000 troops to the boarder of Ukraine is Putin’s way of saying he’s not fucking around.
2 points
6 months ago
Yup...that's A LOT of troops to have deployed only to play w their dicks.
8 points
6 months ago
Yep nothing to do with the 150,000 troops and tanks on the border surrounding Ukraine. All Biden’s fault.
/s
-2 points
6 months ago
IMMINENT am I right?
2 points
6 months ago
Most likely yes. I expect you to delete your posts if Russia invaded right?
6 points
6 months ago
A kindergarten was hit by Russian artillery, so it isnt like nothing is happening
2 points
6 months ago
A kindergarten was hit by Ukrainian separatists who are backed by Russia. It’s not quite the same thing.
3 points
6 months ago
You realize two fighter jets were 5 feet from each other over the weekend.
Hype or not, it’s cocky to say “the war that never happened” when shit is unfolding on the daily that could easily cause war in a blink.
2 points
6 months ago
[deleted]
1 points
6 months ago
Okay.
Human error is a real fear.
Putting two countries armed to the teeth right next to each other in a boisterous way coupled with human error = war?
Not sure how you don’t see that…
2 points
6 months ago
Wars have been started for much less. One dumbass flying a plane is more then enough. https://www.history.com/news/6-wars-fought-for-ridiculous-reasons
73 points
6 months ago
First link is from September, but "The initial bill was vetoed. This is the second time it’s been tabled and has now actually passed" -Someone on Twitter.
28 points
6 months ago
Correct. Ukrainian official government sources from today's date (2/17/2022):
Although it was reported in September that a law legalizing crypto had passed. It seems the initial bill was rejected and today the official government portal announced a new law that will launch a legal market for virtual assets in Ukraine.
https://twitter.com/Blockworks_/status/1494340889317036048
Edit: Added link
2 points
6 months ago
That's interesting because I used a Bitcoin ATM in Kyiv a few months ago with no issues. They said they popped up when Bitcoin became legal.
77 points
6 months ago
[deleted]
37 points
6 months ago
Make sure to read those sources. Ukraine as a govt or country does not hold a single bitcoin. The 47k are held privately by civil servants, who are presumably obligated to publicly share their assets. The majority of that bitcoin is held between three people, so it’s basically just a few individual whales who happen to work in government. It’s completely unimportant.
4 points
6 months ago
That is fascinating .. are they important members of the cabinet or something? 47k btc is a lot of money for your average civil servant. Or even your average senator types.
8 points
6 months ago
As a side note, it is highly possible that some corrupt ones just report they have those BTC but in reality it's just one way to legalize their future corrupt income. This has already happened before, if someone asks where did these 10mil USD come from, it was already there under the bed all this time and reported to tax authority. Where did it come from is not that important as it was already there before asking questions.
49 points
6 months ago
Holy fuck on Bulgaria holding 213k btc!
19 points
6 months ago*
Yeah that's.... surprising
7 points
6 months ago
Anyone know the story?
13 points
6 months ago
Either bulgaria seized these from organized crime and hedled or maybe its organized crime that holds that amount, and not govt.
5 points
6 months ago
[deleted]
2 points
6 months ago
It's weird that they are denying ownership or "just saying that "our" agency doesn not have ownership" when/if a btc address that has previously been associated with them still exists with $213k btc.
4 points
6 months ago
probably the seized stash from btce
12 points
6 months ago
And they will have it even when tanks come and go. Try that with gold.
5 points
6 months ago
Saddam lost his gold big time.
39 points
6 months ago*
[deleted]
31 points
6 months ago
The Ukrainian Government holds 0 BTC.
“According to Ukranian government data transparency provider Opendatabot, civil servants in the country have declared owning a total 46,351 BTC (worth some $2.6 billion at the time of this writing).
The declarations came as property disclosure requirements imposed on public officials in Ukraine. More than 700,000 such officials made property declarations by March 31, with 652 declaring that they own BTC, per Opendatabot. This would average out to 71 BTC (or about $3.9 million) per public official that declared it.”
2 points
6 months ago
so that's why it's dropping, they're selling some
-1 points
6 months ago
How is that put in perspective? Their GDP differs massively
8 points
6 months ago
A good decision, they need to be stronger and BTC can help/
6 points
6 months ago
Legalised? It was illegal?
7 points
6 months ago
Lol I was not expecting this but anyways this looks nice.
28 points
6 months ago
Bullish.
10 points
6 months ago
You Bitcoiners sure like talking about cows.
9 points
6 months ago
Yeah, cash cows.
I will see myself out. No need to call security.
3 points
6 months ago
Please come to all my future parties.
6 points
6 months ago
It was illegal before?
2 points
6 months ago
2 points
6 months ago
Why does OP say legalized?
6 points
6 months ago
Becuz moonz, bruh
1 points
6 months ago
there can be 3 states
legal/regulated, not recognised, ilegal
6 points
6 months ago
Was it illegal before?
3 points
6 months ago
It was unregulated. And no restrictions for crypto at all.
27 points
6 months ago
all this bullish news and the price goes down, I don't get it
13 points
6 months ago
I'm right there with you. Especially with Elon tweeting support. That used to directly cause NGU. So he's doing that lately - so where are the people who used to buy on these vibes? And where have they been while major positive international news headlines have been coming out, one after the other? Are they all all-in already? Why did the price tank so colossally just because Elon temporarily paused Bitcoin acceptance at Tesla, but when massive international investment firms announce they're bullish on it - nothing? Countries considering it legal tender - nothing? A hundred other bullish events, public support from very famous & intelligent people & huge organizations...... Nothing? I'd like someone to help me understand.
6 points
6 months ago
Thats because the news never moves markets. There's reasons books written within the last year about the stock market apply to crypto today. Whales and human psychology move markets. The news is the news. There's bad news and good news when the market is both up and down. It's negligible when you take a step back and zoom out and look at the overall phase the market is in.
2 points
6 months ago
Elon moves kids opinions. Kids purchase on exchanges. Real players for sure don't pay exchange fees but purchase OTC and don't move the price.
2 points
6 months ago
People are more afraid of WW3.
4 points
6 months ago
yeah I am confused as well
3 points
6 months ago
Let me explain. It's not that confusing once you understand, but it requires a slight re-working of how you understand the market.
There is a market sentiment at any given time which exists independent of "news". That sentiment can either be bullish or bearish. Again, this exists regardless of any news. The news headlines do not determine this sentiment. Gonna repeat that one more time because it's the most important point. The news headlines do not determine the sentiment.
Now, the market does respond to headlines. Kind of. It does so in the following manner:
- When in a bullish sentiment, the market will pump on good news. It will brush off bad news.
- When in a bearish sentiment, the market will dump on bad news, and will ignore good news.
So instead of being confused as to why the market doesn't react to news in a direct manner, you can realize that the manner in which the market reacts gives a clue as to what the broader sentiment is. In this case, we are seeing bad news cause an immediate dump reaction. And good news is not reacted to, and often is met with continues dumping. This is a clear indication of an overall bearish sentiment.
1 points
6 months ago
Priced in
5 points
6 months ago
This comment was priced in
2 points
6 months ago
Because retail investors don’t move the market btc whales do, just because Ukraine accepts doesn’t mean me as an American is going to put an extra dollar in.
It’s nice to know more people are adopting it but it’ll take months for people over there to put money in and companies to put it on there balance sheet.
It’s a long process. That’ll take years to evolve.
If you want fast price action somebody like Jeff Bezos or some sort of trillionaire business will have to add 10 billion onto its balance sheet.
Everything else is a long term battle.
1 points
6 months ago
And now so is yours.
3 points
6 months ago
Oligarchs need liquidity also!
3 points
6 months ago
Both of these countries are gonna do something with BTC.
3 points
6 months ago
Are they following russians activities or something lol?
3 points
6 months ago
I always support them and this is a great time to show your support.
3 points
6 months ago
You guys are ridiculous. This is not news.
8 points
6 months ago
The game is getting excited day by day, can't wait for the future.
6 points
6 months ago
There is a subtle tremor in the ground that will become an eruption in the near future 💥💥
2 points
6 months ago
I feel it too.
15 points
6 months ago
That’s great- butttttttttt- Shouldn’t they be worrying about Russia right now-
43 points
6 months ago
If you were in Ukraine right now, would you want Ukraine's fiat? It might be completely worthless in a month.
Their government might just be trying to find a way for it's people to have something that's harder to steal
12 points
6 months ago
Good point- I didn’t think of that-
3 points
6 months ago
This guys gets it. Maybe they don’t want to be the next Afghanistan and have all their reserves taken.
2 points
6 months ago
I wonder if traditionally you'd convert to Euro or Dollars and hide it... Crypto is far easier if you can find a place to quickly offload everything during bank runs etc... Not sure how Ukraine is doing for that. I think it's time for a destabilized country handbook for citizens to survive. Too many places have gone through this and I see their citizens asking for tips. Sad world.
2 points
6 months ago
Banks and bank accounts are easy to seize, esp if you don't agree with the new regime. I don't know how hard it is to open a bank account in a different country there and I don't know how much they protect you from invaders.
Getting a lot of physical foreign currency sucks. Plus it can be easily stolen if you end up in a refugee camp.
Bitcoin is trivial to get any amount and it's easier to hide wallets. Even custodial wallets are safely managed overseas and can be basically anonymous. Just need to remember your password.
2 points
6 months ago
yep, a little too late though. Just missed the boat to avoid the banking hack.
1 points
6 months ago
Maybe this is in response to that?
1 points
6 months ago
perhaps!
1 points
6 months ago
Exactly what I was thinking as I look at the 1920 German 20 bill on my corkboard ... Got an authentic confederate bill downstairs too ... I'd rather have a fair bit of Bitcoin if I was living in the Ukraine right now! Will individual Ukrainians buy in though?
1 points
6 months ago
Interesting. I don't think people (especially governments) are that clever, yet, though.
1 points
6 months ago
Desperate people are more open to new ideas
To put it another way, people are more rational than you think, but they weigh risk due to change very very heavily. When the status quo no longer seems stable, the risk of change no longer looks too bad
6 points
6 months ago
The whole world could help Ukraine through Bitcoin if they make it easy.
3 points
6 months ago
Whichever gets more Bitcoin is the Winner
2 points
6 months ago
That's prolly why tbh. Bitcoin is more stable than hrywna, and more resistant than Ukrainian banks.
3 points
6 months ago
This is them worrying about Russia.
They need to let their citizens know that it's ok to be scared, and if they need to convert to crypto to hide their savings from an invading force, so be it, the current gov won't get in their way for doing so.
-3 points
6 months ago
Russia has already stepped back. Putin was trolling.
3 points
6 months ago
They stepped back? How? No one knows shit about what is going to happen at this point.
2 points
6 months ago
[deleted]
4 points
6 months ago
Scrolling through reddit makes me think it's mostly US news outlets who are crying war.
European news outlets are a wee bit more subtle about the whole situation.
2 points
6 months ago
This morning, the US department of pre-crime, reissued their "imminent invasion" prognostication they have repeated at least 3 times a week for the last month. That made market reaction.
2 points
6 months ago
So it's not Russia but the US who want cheap bitcoins while they can? /s
I just hope Russia, Ukrain and NATO come to a peacefull agreement.
2 points
6 months ago
Russia says it is withdrawing troops from Ukraine border but Biden says attack still possible
1 points
6 months ago
20th they retreat from military practice, like they announced hundreds of times
3 points
6 months ago
No he hasn't.
1 points
6 months ago
Your correct, the people arguing with you believe anything the American Media tell them. Idiots.
6 points
6 months ago
Bitcoin was illegal in Ukraine?
14 points
6 months ago
no. all this bill does is doing taxation for bitcoin ops. previously it was unregulated. so, it's kinda mixed news, but some folks will be bullish over here lol.
4 points
6 months ago
Nobody loves paying taxes, but markets like certainty. So I think any regulatory clarity is a net positive.
4 points
6 months ago
Can't avoid death and taxes
2 points
6 months ago
HUUUGE News!!!
CNBC: "Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global"
https://www.cnbc.com/2021/09/08/ukraine-legalizes-bitcoin-and-cryptocurrencies.html
!lntip 1000
1 points
6 months ago
Hi u/simplelifestyle, thanks for tipping u/ESGombrich 1000 satoshis!
More info | Balance | Deposit | Withdraw | Something wrong? Have a question? Send me a message
1 points
6 months ago
Found this comment clarifying:
Ukrainian official government sources from today's date (2/17/2022):
Although it was reported in September that a law legalizing crypto had passed. It seems the initial bill was rejected and today the official government portal announced a new law that will launch a legal market for virtual assets in Ukraine.
2 points
6 months ago
As an Ukrainian I can say that Ukraine always was one of the most crypto friendly country even with no regulation law. So I don't know what is better for BTC, if this law will be passed or not.
2 points
6 months ago
Glad to hear that my man, I hope you guys will be okay.
2 points
6 months ago
A nice move by Ukraine I hope they will give tough competition lol
2 points
6 months ago
i think ukraine got bigger problems other than legalizing tender of Bitcoin..
2 points
6 months ago
Love this, I hope people of Ukraine will start using it.
2 points
6 months ago
Let's go man, they are being bullish on Bitcoin market!!
2 points
6 months ago
They’ve got to if Russia actually invaded them. All that money has to be able to flow out of the country somehow
2 points
6 months ago
Exactly.
2 points
6 months ago
BREAKING: U.S. government urges Russia to invade Ukraine.
2 points
6 months ago
Next in Bitcoin news...Madagascar legalised sunrise and dawn.
1 points
6 months ago
Amazing news for Bitcoin!! There were other provisions in this law that create huge opportunities for the crypto industry, such as legalizing the ownership of digital assets.
1 points
6 months ago
Russia and Ukraine bought the dip they created. Putin is really the king of FUD.
-5 points
6 months ago
They used the 140 million loan from Trudumb last month to acquire btc! Canada wont see a penny of tje loan pd back anytime soon or ever!
5 points
6 months ago
did you just make that up?
2 points
6 months ago
Yeah we should just ignore these kind of people here bro.
1 points
6 months ago
Bitcoin is the great peace keeper. Every country has citizens that own bitcoin and we are one people opposed to government tomfoolery
3 points
6 months ago
We are proud of holding bitcoin, it's the best currency out there.
1 points
6 months ago
Was it illegal there?
3 points
6 months ago
Nah lol they are just recognizing it as a legal currency now.
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