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Title: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: BeruchN on March 19, 2018, 01:34:12 PM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF
Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: tokeweed on March 19, 2018, 01:46:31 PM ^ I'd say that's good news imo, considering all the FUD about regulations and crackdowns coming out recently. At least every project is given some breathing room and should take advantage of it to get their legal sh*t together...
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: HardFireMiner on March 19, 2018, 01:49:29 PM Good news indeed! I didn't know we broke the 1% value of global economic output, actually that's amazing!
Next bull trend will take how much? 10%? Maybe the whole 25%?! Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: ICO Lancer on March 19, 2018, 01:52:16 PM Finally some good news for once. Definitely a bull trend!
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: kevoh on March 19, 2018, 01:54:55 PM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF I have read the G20 article thrice now including the French version, I am yet to see anything related to FUD. FUD will not make Bitcoin price respond to the news article by going up a $1000 immediately it was published.Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: xireKT on March 19, 2018, 01:56:32 PM ^ I'd say that's good news imo, considering all the FUD about regulations and crackdowns coming out recently. At least every project is given some breathing room and should take advantage of it to get their legal sh*t together... Yeah I think this is great news. Finally good to see the market responding to good news! Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Crypto_lion on March 19, 2018, 01:59:28 PM Glad that this news came out . I wouldn't say this was the sole reason for the dip but was part of reason.i hope that people start believing in crypto and the market recovers after the good news
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: makishart on March 19, 2018, 02:00:36 PM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF I have read the G20 article thrice now including the French version, I am yet to see anything related to FUD. FUD will not make Bitcoin price respond to the news article by going up a $1000 immediately it was published.Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? This article was to counter all of the lousy rumour and news to spread FUD to all of the crypto users. Please read all of the news carefully. And you will get a lot of FUD from there. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: sparg on March 19, 2018, 02:01:09 PM I can't imagine why people are happy that there will be no regulation.
Why do you want to invest in an environment where your money can get stollen and you cant do nothing about it. With regulations will come and some protection for investors and maybe scam ICO will disappear. I sure hope that my country will do something about this so that I can pay my taxes and benefit from my profit without having to "look over the shoulder". Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Aminmon on March 19, 2018, 02:01:43 PM It seems that this is not a FUD, this is a real message.
Since the size of the cryptocurrency market is still small, it is not a real threat at the moment, so the G20 meeting did not discuss the bad news about the cryptocurrency market too much. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: cpoer2011 on March 19, 2018, 02:05:45 PM That's a very good news but we should wait till the G20 summit ended and decide what they will do with crypto assets. I will wait for what happen next from G20 summit, I hope it's good news for crypto assets world.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: babygun on March 19, 2018, 02:07:49 PM The first good news in weeks for crypto! Hopefully more good news will follow so that the prices can start going up again.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Mpamaegbu on March 19, 2018, 02:08:59 PM Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like More like FOMO, not Edited for clarification purpose FOMO means Fear Of Missing Out. As the term suggests, a coin rises sharply in value and investors take steps rushing in to buy so as not to miss the boat. FUD means Fear, Uncertainty and Doubt. This is usually a negative fear of holding onto a losing coin. So, investors quickly sell off either in gain or loss. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: VenturaBro on March 19, 2018, 02:15:12 PM It seems that this is not a FUD, this is a real message. Since the size of the cryptocurrency market is still small, it is not a real threat at the moment, so the G20 meeting did not discuss the bad news about the cryptocurrency market too much. But on the other hand, aren't they somewhat underestimating crypto? If it's not a threat now, it'll definitely be in the near future I think Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: dulari1 on March 19, 2018, 02:16:53 PM Good news indeed! I didn't know we broke the 1% value of global economic output, actually that's amazing! Next bull trend will take how much? 10%? Maybe the whole 25%?! yeah , it shows that if crypto adopted globally on large basis . then we have too much potential for all coins to grow .. we are just 1% of global output . Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Tapyaks72 on March 19, 2018, 02:27:10 PM That's a very good news but we should wait till the G20 summit ended and decide what they will do with crypto assets. I will wait for what happen next from G20 summit, I hope it's good news for crypto assets world. That is a positive development that they would not emposed regulations to ICO’s and bitcoin users because it has only small impact to the world economy the good thing is it has the roam for improvement. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: manlyxman on March 19, 2018, 02:35:40 PM Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like More like FOMO, not Good point, this is definitely great news for crypto and will probably cause bull trends. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: haidangtp on March 19, 2018, 02:41:11 PM I think good news will boost the exchange market. After this meeting the market will be green.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: ndico on March 19, 2018, 04:25:29 PM Yeah for sure. it is affecting market a little bit and it is turn it green, it is a good news to cryptos and I wish more of the news to come to cryptos, it will make the market to boom and bullish.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Nagricoin on March 20, 2018, 01:14:57 AM Waiting for the green zone)
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: btcluisdiki on March 20, 2018, 02:23:19 AM Waiting for the green zone) Due to the good news on the G20 meeting in which the members of G20 attending this summit had come up with a statement that cryptocurrency does not pose any risk to the global financial stability which is actually gaining a positive impact on the crypto market where it started to go green right after. Then, investors of the cryptocurrency again were back on track resulting to make a positive growth that is happening in the current market. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Max Likelihood on March 20, 2018, 02:46:58 AM Finally, some people who aren't alarmist.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: IlfarIldarovich on March 20, 2018, 05:36:11 AM In fact they can not say anything else because they fear the outflow of capital associated with cryptocurrencies to other countries.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: HardFireMiner on March 20, 2018, 07:49:20 AM Check it up, THE US 2018 JOINT ECONOMIC REPORT:
https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf Quote Conclusions Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure that the Report identified. Recommendations -Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future. -Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction. -Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations. -Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Caesar Cung on March 20, 2018, 08:17:56 AM Check it up, THE US 2018 JOINT ECONOMIC REPORT: It can not be regulated unless you regulate the internet to access it..that's the whole point that is fking govenrments and banks both...so since the west is not China .. internet access wont be regulated and we can buy and sell BTC as we want....https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf Quote Conclusions Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure that the Report identified. Recommendations -Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future. -Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction. -Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations. -Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions. They can try and tax the profit...and maybe how much money you can put into it ,,but buying and selling and moving it can only be done by the owner....thats pretty much it. They tax all profit so why not BTC. I am saying they can not regulate BTC unless they ban internet. All the experts here is welcome to correct me if they can come up with a way to regulate BTC worldwide. Would make for a great discussion. Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: NilaMutac on March 20, 2018, 08:58:02 AM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF Of course it isnt a risk yet,the total marketcap of cryptocurrency is still less than 1% of the total marketcap of fiat,that is why it doesnt post a threat to any of the banks in the world,maybe in the future but not now as cryptocurrencies are still in its infancy period as it grows banks will see how the cryptocurrencies will be a big threat to them.Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: coastbank on March 20, 2018, 09:03:06 AM This statement was more like "they may pose risk to global financial stability after they pass that %1". I don't really think it is good. This will probably affect markets to rise but in future they may try to pull the plug.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: prdn on March 20, 2018, 09:07:36 AM it's a good news, but I don't think it's much of a reflection on the market.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: PiningGarcia on March 20, 2018, 09:19:15 AM Yeah of course,cryptocurrencies is still in its infancy that is why these bankers wont get alarmed very easy,the total marketcap hasnt reached 1 trillion in total so why would cryptocurrencies will alarm these banks? well the technology theoretically could replace the cash in the future but it doesnt mean that it is in the near future,it could be years or decades from now.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: m.sidorichev on March 20, 2018, 09:28:37 AM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? Frankly speaking I haven't supposed anything great, new and fundamental from G20. Though they talk a lot it doesn't have much influence and very seldom comes to actions :) Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: Max Likelihood on March 21, 2018, 01:20:49 AM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? Frankly speaking I haven't supposed anything great, new and fundamental from G20. Though they talk a lot it doesn't have much influence and very seldom comes to actions :) Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: douhancan58 on March 21, 2018, 01:26:24 AM Because the amount of digital encryption money is still small, it is difficult to have a significant impact on the world economy!
This is a good news, which shows that many countries still adhere to the development of digital encryption currency! Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: drachman on March 21, 2018, 02:07:31 AM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF It is very likely that the market is reacting to this, however it's very telling the wording they used in order to describe cryptocurrencies, they say cryptocurrencies are not a risk for now, that doesn't mean the cryptocurrencies are not going to become a risk in the future, but cryptocurrencies are not going to be a risk for the average person cryptocurrencies are going to be a risk for them and the scam they have been running for such a long time.Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: ModernReboot on March 21, 2018, 02:19:35 AM I don't see how crypto ever threatens global financial stability. More access==more stability. but governments are wanting additional safeguards for sure. And panicking at new tech, as usual.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: hipi.hop on March 21, 2018, 08:00:29 PM G20 advocated cryptocurrency in a positive vein, IMF also supported this trend. This is great news for us and for the future of the crypt.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: dress on March 23, 2018, 04:53:21 PM This is great news, given the positive dynamics at this summit, we can say that the market will soon grow significantly.
Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: drachman on March 27, 2018, 02:37:14 AM I don't see how crypto ever threatens global financial stability. More access==more stability. but governments are wanting additional safeguards for sure. And panicking at new tech, as usual. Maybe you are not seeing it but if that is the case is because you are lacking imagination, think about it, if cryptocurrencies ever become mainstream that means that the average person will have a way to move its money in a way that no government around the world will be able to interfere, there will be true freedom of movement when it comes to your money, and that has never existed so it's huge.Title: Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability" Post by: dumplingsandsushi on March 27, 2018, 02:48:55 AM Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD. "For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said. " Thoughts? What a bunch of ignorant fools. ...ok, well, they aren't, the heads of the 20 most powerful countries are definitely not fools. But, in the world of crypto, they are. The very nature of blockchain is meant to disrupt financial stability. Taking a look at the "marketcap", seeing that it is less than 1 percent of global economic output and deciding that it's not a risk, is flat out stupid. Well, as far as the market though, I doubt it affects or will affect the market that much. What the market really needs is not some average joe deciding to buy a couple thousand dollars worth of btc because of a news segment he saw. What we need is institutional money to jump in, and they are not phased by such petty squabbles. The market is poised for a huge bull run, and as many see the last couple months as a "crash" an institutional investor will see this as stability and be more inclined to jump in. so, I don't expect much from these types of announcements at all. |