Russia goes after Bitcoin. Will China be next? RIPcoin?

[hater]

Damn Putin has dropped the hammer on bitcoin

Russia announced its own Ruble cryptocurrency that will be taxed all the way.

At the same time Russian economic minister calls Bitcoin worse than casino gambling

Its obvious next Bitcoin will get banned in Russia.

If China goes same way. And Europe releases its own cryptocurrency Bitcoin value will plummet. And they will be forced to go underground

What will happen?

[hater]

Bitcoin investors were hit Tuesday by a double whammy of worrisome news from Russia, where President Vladimir Putin denounced the cryptocurrency as risky and used by criminals, and the country’s central bank said it would support moves to block websites dealing in bitcoin and other virtual currencies.

“The use of cryptocurrencies bears serious risks,” which include money laundering, tax evasion and terrorism funding, Putin said at a conference in Sochi, Russia, according to Bloomberg News

Mhttps://www.google.com/amp/www.marketwatch.com/amp/story/guid/A27548B8-AE13-11E7-9884-7F9187D85E98

[hater]

Shats the point of a cryptocurrency if it will be taxed at 15%???

Lmao

Lets go underground niggas

I will buy bitcoin once the value plummets next year :lol

Lol the idiots buying bitcoin right now

[boutons_deux]

The industrial US$-based BigFinance oligarchy invaded Libya because Gaddafi was organizing a pan-African new currency to replace the U$D.

No doubt that Russian and China see secretive bitcoin as undermining their own financial systems, both implicated, dependent on the US$ for international trade.

[rmt]

doesn't seem to be affecting bitcoin's price

[hater]

doesn't seem to be affecting bitcoin's price

Just fell 5%

Sure its also due to US securities news but still:

Bitcoin fell as much as 5.9 percent, its biggest loss in almost a month, to as low as $5,247.

[Mikeanaro]

It means GPU cards prices will go down.
Also means losers will stop building those mining rigs so their dads will have to pay less for the electricity bills.
It means Kim Dotcom is a fat fuck.

[rmt]

Just fell 5%

Sure its also due to US securities news but still:

Bitcoin fell as much as 5.9 percent, its biggest loss in almost a month, to as low as $5,247.

Bitcoin went from $3530 on 9/14 to $5839 on 10/14 - that's over 65% in a month. It is VERY volatile.

[rmt]

I'm using CoinBase above for bit coin price.