Bitcoin Forum

I can smell the bull run now. Guys G7 the most powerful countries are planning to invest heavily in bitcoin and certainly they are the whales who are dumping the market and creating panic so that they can invest again.

Read my article on steemit for further explanation of the news :

https://steemit.com/bitcoin/@aqreal/the-curious-case-of-not-benjamin-button-but-bitcoin

Added resource I posted in the comment below :

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

So where does your information come from? You make predictions, but what are your sources in which you make them after the analysis? I'm not discounting your though processes, but I would like to know your sources so that the analysis can be recreated. Also, so that noobs can see how you came to this conclusion.

Do you have any source to show us? Euronews TV? Because I haven't hear about it.

Read this article as a support to my case, why i feel they are going to invest huge in crypto and our market will go to moon again :


https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

I think that this is a good idea and a huge investment in the future of these countries, because for crypto currency our future

the source of information is very important. especially nowadays more and more beginners who use ino forums as a source of related information about bitcoin news, and maybe some speculation they will follow and if it is a haphazard prediction. it will be bad for beginners

I wouldn't invest based on some article from coindesk. They are often spreading rumors and FUD.
I'm an optimist and I think that bear market is coming to an end very soon, but we shouldn't risk the money because of some unconfirmed news. We are still in the lowest price point this year and it doesn't look good.

Its a great story but without facts in this case that is all the article is - a story.
You can check my posts which prove im very positive with crypto but I really
cannot see any G7 country (Canada, France, Germany, Italy, Japan,
the United Kingdom, and the United States) openly investing in bitcoin and
Crypto, i would to be proven wrong though.

Ok we have seen Germany being positive towards crypto trading,
and Japan is leading the way with bitcoin but I would like to see some
official statements from these countries.

An article by....

The same guy that wrote this piece:
10 Reasons Why Central Banks Will Miss the Cryptocurrency Renaissance
https://www.coindesk.com/10-reasons-why-central-banks-will-miss-the-next-currency-renaissance/

Yeah, highly trustable source...

PS , the article you mentioned is from Dec 2017, from my point of view, the price doesn't quite reflect the "investments" pouring into BTC ;D


How does it smell? Having spent a lot of my childhood in the countryside, I doubt it's a pleasant smell  ;D

If this turns out to be true then we have a very good coming months as it will be a bulk purchase that will happen and thus will also boost the market for more demand eventually by everyone . So good times ahead .

1. the "countries" will never buy cryptos. specially not altcoins. nobody wants to put their money in shit unless you are small time investor wanting to make quick profit from pump and dumps.

2. there is this law in many countries (some of which are among G7) that prohibits banks from investing in any sort of cryptocurrency.

3. you say THEY are dumping to crash the market, that suggests they already are whales with a lot of coins. so why would they want to buy more? they can make a lot more money by just pump and dumping in this area, there won't be any "bull run" if your theory is correct.

4. there is a much easier way of making a LOT more money. and that is creating their own shitcoin. for example something like ETH which already has the bankers behind it and make millions of dollars from its premine/ICO shit and the the follow up pump and dumps.

The g7 event may have a lot of impact on and influence the bitcoin of the promoters of the development of bitcoin that is very optimistic and we can expect much about the conference brought.

So if that will be the case, bitcoin will become more popular. Since these countries are powerful so it will be a great influence. And it will affect the price of bitcoin and other crypto currency.

You might be actually right on the no.4. It's going to be hard to market bitcoin for mass adaption because of its several issues. It's much easier for them to make another shitcoin where they make much money than giving their money to people who bought btc to sell it on an all time high price.

We don't know what they are doing behind the stage but I wouldn't be surprised if these countries decided to invest large amounts of money in cryptocurrency mining. Recently, the profitability of mining went down due to growing difficulty. The only problem is the equipment which is mostly manufactured by only one company.

Let’s say for example when the bitcoin was at 10000$ last year they may have bought the bitcoin with huge money and took the price of bitcoin to its ATH and we small investors also bought in FOMO and now they are dumping in 2018 making continuous decrease in its price in 2018. May be they do it every year to make people lose confidence in crypto beacuse they are afraid of its potential .

They should. G7 countries are most advanced compared to other countries around the globe. Crypto is another innovation in the history of mankind so they should grab the opportunity to be the first countries to use crypto.

nah, bitcoin price is falling for the same reasons that it has fallen all the previous times. there is no conspiracy theory behind it for any country(ies) to enter bitcoin and crash it to enter! it is just the market dynamics combined with the whales manipulation that has been going on for nearly 9 years now.
price rises and falls all the time and sometimes like these days the whales are more active to make more money from these ups and downs so that they can increase their bitcoin wealth.

This will really have impact in the success of cryptocurrency as the g7 are trustworthy for been the world leaders who other countries are abiding to....

I think it may be right, this market is decided by the big man because it is easy to manipulate. At the current price I think we can buy and keep it for the future

Major countries may really invest in crypto, but not necessary in bitcoin. There are many new promising blockchain technologies now appearing, and they really may get some government support. But I'm not sure that bitcoin may be attractive to government financial institutions. Maybe just some short investments for some banks.

It would have been great if this is backed up with facts and not just a publish on coindesk which is based on personal reasonings. Not ruling out that in Cryptoworld, anything is very very possible but FACT is KEY.

Sounds fascinating, after all these bearish market that we have experienced, finally a soothing one have arrived. So if it true then-hope a new ATH will be there for us waiting at the end of the year, or maybe not.

I have gone through your article and if what was said there is anything to go by  then the good old days will soon be here again. I  was planing to sell off because the sliding was becoming embarrassing  but  i will wait for a little period to see what happen next month.

Can I have a good source because I am not very familiar with G7 countries. Honestly, it is my first time reading an article about this but I am already very familiar with the whales. Imagine the dump they are doing as for now because it has dipped the price of bitcoin i to 5800 USD.

The two articles quoted are not entirely correct. While the first article written about 4 days ago was merely a speculation while the other on Coindesk was since December 2017 which was expected to happen considering that was the time when everybody wanted to invest in bitcoin due to the All Time High witnessed at the time. If the news is anything to go by, I expect that they should have finish their planning for six months and invest as planned but of course its not happening. Anyone who invest based on "planning" does so at his own entire risk.

there and the absence of G7 will have no effect, I think it's like an abnormal issue, they have an investment plan when bitcoin prices are unstable and prices are down, if only they want to invest, why not at the price of 20k, maybe if it happens , bitcoin dreams penetrate the moon more real.

The whole thing is pure speculation.
Countries can't invest in something like the average Joe

Who will buy those coins, the central banks are the only ones that can purchase debts or make investments in bonds or gold, the government can't just allocate funds from the budget for buying cryptos.
And to do that they would have to deal with legislation, send the laws to the parliament or congress or whatever depending on which G7 country where talking. If any kind of move like that would be even planned we would have heard about it already.

Pure and old and outdated speculation....unfortunately.

Where is your information coming from? Can you please provide an accurate source so that we can know more? Thank you

When the government looks at the world of cryptocurrencies, the future of the cryptocurrency market becomes more difficult to predict, and they may join the market. This is the best kind, and the price of all currencies will rise. It is also possible that they will introduce some policy restrictions....

June 8-9, 2018 Canada held the forty-fourth G7 summit. Leaders of the 7 most successful countries met there, they discussed important topics in the field of economy, investment, civil rights, the climate of our planet, including the topic of crypto-conversions.
How are things now in the banking sector?
Today the central banks of the Big Seven are traditional traders who buy and sell the same currency, the Central Bank, SDR (special drawing rights), gold.
They adhere to a specific investment policy that has generally accepted principles for asset allocation:
first place should be liquidity;
on the second, security;
and only then - profitability.
The purpose of the Central Banks is to manage, coordinate and serve the foreign reserves of the country. The number of such reserves in the country determines its ability to meet its debt obligations. The depth of the national reserve also helps to express the overall financial and economic stability of the country.
The G7 countries are linked on several fronts, including areas of politics, finance, as well as trade transactions and agreements. Their monetary reserves consist of the currencies of those countries that are members of the G-7.

Well I wish to see the evidence of any speculation or fact come into the market. I know people are beginning to have hope again that we might see a bullish market emerge but so far and each time since January when the market crashed, we have been loaded up with disappointment after disappointment. I will only feel excited when I see Bitcoin reach to 20k USD and beyond and the market cap surpasses one trillion USD, THEN I might believe in the news stories that pop up here and there. So far the FUD stories and news has taken precedence over any good news.

It is a good news. More will invest here so we will expect a bullrun hopefully. Well nothing will lost if we believe in this but let us all be hopeful and pray that bullrun will happen soon.

We do not need to make prediction base on impulse. Let us allow the G7 countries to publicly make declaration of investing in crypto before we can conclusion. Even though G7 do not invest there will still be a bull run of crypto before the will end.

Is the information credible, is the information from the government or the news provided by the journalists. I do not believe in tabloid information from journalists. It is very exaggerated to view the sentence. However, if that is true then it is great information

The IMF made its currency, which would not depend on anyone, but this currency is pegged to the dollar and serves to make a profit by providing funds on credit (get their percentage per annum), countries that are experiencing problems and are close to defaulting.
As for the G7 summit and the history of the signing of the communique, I doubt that any decision has been taken about crypto.

This is the kind of news we expect in this forum. This is the news that will start the rally we are expecting towards the end of the year. If the G7 invest in crypto  it is a sign of endorsement and acceptance.

To me, many countries have started to look at crypto money. Soon develops in this regard.

I dont think so. They discussed various aspects of the crypto market. Market is not regulated - for G7 impossible to participate on that.

Until an official announcement is made, this is just rumors for now. At the last G& summit, yes there was the conclusion to discuss cryptocurrency and bring forth suggestions especially in relation to regulations. I do not see any direct investment in cryptocurrency from these nations any time soon. At best, for now, it would be investment geared towards testing blockchain technology as a whole,

This is unconfirmed news though. I am a positive person and if this was true this is really good news for everyone. This is big thought as other countries will surely follow the trend, only if this was true.

We should be more careful about our news item or topic as posted. one should support his claimed? with out hard data as supporting documents for such claimed then it is just an opinion. or prediction. Market is Volatile anything can happen with out the help of whales in the market. It is always dependent on the market structures, market confident, trends, investors behavior on crypto which affects the market price value of crypto coins in the market.

this is very good news! Recently, the code was passed by the G7 major themselves, they spent a lot of time discussing the crypto world and its entire system! I think that there is no real news yet! But this article shows us that all countries want to invest in a crypto world! now there is a unique opportunity to earn in the crypto market and no one wants to lose this opportunity! We are waiting for the infusion of a large capitalization in bitcoin and the whole crypt world! I personally wait now for the growth of bitcoin!)))

They usually spread gossip and FUD. We are still at the lowest price this year and it does not seem good. You can check out my posts proving that they are very positive with crypto but I really can not see any G7 countries. Public investment in Bitcoin and Crypto, I will be proven wrong.

I have not heard about this information yet so Could you please let me know  where you got this information from ?

It will be a great idea if these countries wanted to engage in using it but if it is for government's interest or somewhat for them to be powerful it is a no no. Because bitcoin is made to help people even poor peopl, and if it happens more probably rich will became rich, just lik what is going on in the economy. Those countries have yhe capability to control bitcoin market because of the money they have. But as for now bitcoin will help everyone.

They often spread rumors and FUD. We are still at the lowest price this year and it does not look good. You can check out my posts proving very positive with crypto but I really can not see any G7 countries publicly investing in Bitcoin and Crypto, I will be proven wrong.

So, yeah. This is the question that I want to ask also how could you know that red seven countries would invest in Bitcoin? I think if the information like this would be no in the world we would have bitcoin already $50,000.

Better if you post the link of your source. Without it this will just be another speculation. And i don't think i have seen it in the news or in the web.

if this news is true I am happy because I see it from the point of view of bitcoin challenge that will become famous and will be better because the market will create the opportunity to increase the bitcoin price.

In this respect, I very much agree with your point of view that you cannot believe the articles. Sometimes such news can even harm you. There were many times when the article was published by an official source, then the next day denied. And the rumor of the first news spread on the Internet. This is the so-called hidden marketing

Well I think this is a rumor travels in the air.

News source need to check properly. I don't find a source yet.

Wow this is a great news. If G7 countries allowing btc tender its a bingo for btc.

One should not invest based on rumors or gossip. Need to analyse the news and take a wiser step before investing.

I suspect that all decisions have been made about cryptography. At the G & A final summit, there are conclusions to discuss about electronic money and make recommendations especially regarding regulations. Best, now, it will be an investment towards testing the blockchain technology in general

they have concluded to discuss electronic money and put forward special proposals regarding regulations. At best, now, it will be investing towards testing blockchain technology as a whole. Should people advocate their claims? or predicted. It always depends on the market structure, market confidence, trends, behavior of investors on the ciphers that affect the market value of the crypto coins on the market.

Hi, everybody. Too it is interesting from where such information. You can link to the official publication.

Hmm, if that's really true, then maybe we'll see the green light at the end of this year!

That's sound good for crypto world.Because of that, I don't think Bitcoin will be kill in the future

Crypto is the way to go!  ;)

That announcement however was last June, September is abiut to end but there is no bullrun yet that OP can smell thats coming. There are big investors that are trying to keep manipulating though. Its just that they want every one who holds btc and tokens to just sell what they had before they will start the bull run.

if the G7 country really invests in Crypto, I think that is a good thing and will definitely make Crypto grow well. so I hope that can happen and make the market a success.