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Of course, China wants to reduce the dollar's impact on its economy, and this is quite logical. So far, I see that the Chinese government is doing it well. China recently concluded an agreement with 14 countries in the Asia-Pacific region to create a common free trade zone. In addition to creating its own digitalized yuan, which is likely to have a dominant influence in the region, a regional stablecoin is also being created to circulate here. The Chinese government is very seriously preparing for further trade rivalry with the United States.
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Can anyone please tell me if Bitcoin is better than Conventional Currency. If yes, Why?
There is no such thing as absolutely perfect money. The common currency of states has a number of disadvantages, and bitcoin was conceived as an alternative means of payment for this money. Having a number of advantages over the currencies of states, bitcoin and other decentralized cryptocurrencies also have their disadvantages. Therefore, it is impossible to say unequivocally which means of payment is better. The currencies of states and cryptocurrencies must circulate in society at the same time Then they will complement each other's capabilities. |
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This is the reality as long as we are modern. Think back to ancient times when people didn't know what money was. They make transactions through products. That is, one would replace the other's meat with vegetables. And that was the process of their transaction. People have changed over the course of the day. At one time they used the leaves of the tree as a means of transaction. Later, gold coins and silver coins were gradually introduced. And today paper money has been created to make transactions easier. But even 300 years ago there was no bank, and today we cannot go without a bank. In the same way, 20 to 30 years from now, maybe the banking system will go up. Because people don't want anyone else to know their bank account. And people will choose digital cryptocurrency as an alternative to this bank. Bitcoin may be his alternative. Bitcoin is a decentralized process. This means that there is no need for a third party in this process. There will come a time when people will no longer take the help of banks. They will manage all the activities of daily life starting from shopping through digital cryptocurrency.
If my idea proves to be correct, will the government of the country accept it?
1. Will the government of a country ever want their banking sector to be abolished?
2. How will the government collect taxes from the people?
3. If the government can't keep track of people's legitimate money, won't corruption increase?
Of course, states will never abandon the banking system. In fact, state-owned banks are part of the state. They ensure the circulation of the national currency and help serve the country's economy. For the states, there is still no alternative to national money and the banking system. It is unlikely that states will use a decentralized cryptocurrency. They intend to issue their national digitalized central bank currencies for now. The cryptocurrency can move in parallel with them. |
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In Japan, the cryptocurrency was legalized back in April 2017, and then taxes were introduced on profits for its use. In the first six months, this allowed to increase the country's gross domestic income by 0.6 percent. This is an example of mutually beneficial cooperation between government and citizens in cryptocurrency. It cannot be otherwise. If someone thinks that cryptocurrency allows us not to pay taxes, then he is wrong. The state has enough leverage to force it or drive cryptocurrency underground.
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It seems the correction has already happened. And it almost equals the growth that was achieved in the past few days. That was just a matter of hours before the increase was totally wiped out.
But no worries. That was somehow expected anyway. That's always the case when there is a pump. People will seal their profit by selling their crypto holdings including Ethereum. Everything's pretty normal. In just a matter of hours also we will be seeing the price of Ethereum and other altcoins get back to having green candles. After the selling is done, the buying resumes. This is still a bullish season overall.
The fall in the price of bitcoin and ethereum is too strong for the situation to be corrected in just a few hours. Bitcoin fell by almost three thousand dollars in a day, and ethereum by one hundred dollars. It took them a much longer journey to rise to such price values. In addition, there is no guarantee that the fall in prices will stop there. It will probably take considerably longer. It seems that this year Bitcoin will no longer be able to climb to $ 20,000, as it did in December 2017. |
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The current Bitcoin price is actually quite high. If you really want to sell, I think you can get a big profit. However, if you really want to hold until the end of this year, that is fine, because it is likely that the price will still go up again.
Your right, we'll waited from around 2018 till 2020 for a good way to take profit from our various investment but here it come; but there are series of confusion among members, on when to take their profit. As for me, am good for a profit at this time when Bitcoin almost hit the $18.9k+ becasue some of my holdings were back in 2019 when Bitcoin was low in it price, compare to now which is impressive. There are people who don't want to take profit now but wait for Bitcoin to hit $20k+ before they do, this can be risky becasue the price of Bitcoin can rollback again. Greed isn't wrong at all as long as we calculate the risk, $18,9k is safe for sure but it's too early in my perspective, if bitcoin predicted to fall after hit $20k, why not sell at $19,8k+? Bitcoin may encounter resistance level at $19,5k-$19,8k but if it manages to surpass $20k by the end of this month or in early next month, bitcoin should be able to reach up to $30k by the end of the year, so for me it is an obvious choice, keep holding until the end of December. Now it is already obvious that those who sold at least part of their bitcoins yesterday at about $ 19,000, already have a decent profit today. But bitcoin may continue to fall in price further. Many people really thought that Bitcoin would first reach its previous price record of $ 20,000, and only then it would go to correct its price. So I think: how will the price of bitcoin grow to the predicted one hundred thousand dollars and even three hundred thousand dollars next year, if in this case it has to go to correction many times along the way. For this, probably several years will not be enough. |
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As far as I understand, OneCoin is an ordinary token and has nothing to do with Bitcoin. I was attracted by the title of the topic about fake bitcoin, it turned out that the title of the topic simply did not match the content.
As far as this scam is concerned, of course the $ 4 billion raised is too huge. It is also strange that no one heard about the ICO or IEO for this fraudulent project and did not know about such a token.
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The current IEO is still fairly normal, there are no trends, even though now the DeFi project is more hype but rarely does IEO on the Exchange, they prioritize private sales which are more profitable to investors than IEOs and after the private sale they do the IDO (Initial Dex Offering) that I know
I believe that in the current period of general growth in the cryptocurrency market, ICO, IEO, and other forms of fundraising and issuing tokens should work well together. ICO is the easiest way to raise funds and distribute tokens. Not every team has enough free funds to pay for listing on a good exchange in IEO format. Both forms will exist for a long time along with other, newer species. |
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Even if good projects appear on the cryptocurrency market that will have functions similar to ethereum, this still means little. Three years ago, EOS was also said to be the main competitor to ethereum. Since the inception of EOS, this coin has also had better functionality, but we never saw real competition. Let new projects like Ethereum appear. Competition is always good, it forces teams to work to improve their creations. In the meantime, the Ethereum coin has nothing to fear.
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I love Ethereum and Chainlink. Ethereum is the best cryptocurrency in the market. Ethereum is called the mother of cryptocurrency. If ETH 2.0 is launched, there will be many fast transactions. Many projects will use ETH blockchain. I think ETH price will increase day by day.
Before ETH 2.0 was officially launched on December 1, the ethereum price had already crossed $ 600 and I thought the price might continue to rise against Bitcoin or US Dollar. It could be that ethereum prices hit $ 1000 like 2 years ago because ethereum is already known by many retail and institutional investors For ethereum, the price of one thousand dollars is already quite real. It should reach this price, but the only question is when it will happen. This will depend primarily on the general state of the cryptocurrency market and the success of the Ethereum 2.0 launch. However, most likely, this will happen in the first half of next year. |
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Ripple has good functional characteristics and in some countries ranks first among cryptocurrencies as a means of payment. In addition, the banking system reliably stands behind this coin, which uses the ripple network to carry out its transactions. In addition, the cryptocurrency market is growing very rapidly right now. What else is needed for the price growth of a potential cryptocurrency.
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XRP at $1 – XRP’s Bullish Trend to Begin
Ripple, a platform that aims to provide seamless, hassle-free, and low-cost cross border payments, has recorded its growth on many blockchain entities. The native token of Ripple, XRP is also expected to have a bull run with a price possibly touching $1.
XRP gains 7% against USD
Digital asset XRP has taken the crypto market by storm. With an impressive 7.40% increase in the last 24 hours, XRP is currently trading at $0.483125.
The Altcoin is holding the Market capital of $21,899,173,284 with $16,252,703,967 trading volume.
Well, this is quite realistic, given the current high rate of price growth and ripple capitalization. This coin has already risen in price to $ 0.65 and has a capitalization of $ 29.7 billion. At the same time, ripple quickly surpassed tether in terms of capitalization and now exceeds this stablecoin by $ 11 billion. The success is impressive. Gain 35 cents in more than one month with good growth in the cryptocurrency market, I think ripple can do it. |
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China has been a communist dictatorship for the last 70+ years. They have embraced some capitalist concepts, like private business ownership, but the communist party retains ultimate control over everything.
China tried a more "pure" marxist/leninist version of communism back in 1950s and it didn't quite work out so I don't think they'll move back towards that. There is no plausible reason to abandon the massive economic advantage that the current system has created. More violent suppression of dissent is possible though.
China has long since departed from the principles of socialism and communism. They seek and develop their own model for building a balanced society. Of course, there are many mistakes along the way, and at the same time, the Chinese government has succeeded a lot. Now China has one of the strongest economies and it continues to develop. They are not afraid to experiment there. The rapid adoption of blockchain technology and the thoughtful and thorough development of its digitized yuan are examples of this personalized approach. |
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Now there is a huge hype around Ethereum due to the release of Ethereum 2.0 and the price of Ethereum is growing throughout 2020, and therefore I am sure that Ethereum will soon reach the 1k$ mark and possibly even more, but most likely there will be a Ethereum price correction before the 1k$ mark and exactly when there will be a Ethereum price correction then it will be necessary to invest in Ethereum.
Of course, now ethereum is one of the most promising for the price growth of cryptocurrencies. Given that the zero phase of Ethereum 2.0 will be launched as planned, on December 1, this coin should rise significantly in price even before the new year. Of course, it is possible to invest in other lesser known altcoins. Some of them may rise in price even more than Bitcoin or ethereum. However, such an altcoin is difficult to choose. There is a lot of risk here. |
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Decisive day is in December, if they manage to launch Ethereum 2.0 without any problems,
then the Ethereum price will go up to $ 1000 by the end of the year,
but be careful if some fud comes, you can sell it for $ 600
We already see that the required amount of ethereum for the deposit contract has been collected and the introduction of the zero phase of the Ethereum 2.0 improvements planned for December 1 will occur without delay. This means that ethereum will continue to rise in value in the near future. By the end of the year, ethereum is unlikely to be able to climb to $ 1000, but up to $ 800 is quite possible. |
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in my opinion, for the time being, try to hold it first, because the decline experienced will give a warning. I advise not to be tempted by a large popa but at the time the price of parachuting feels abnormal. This is usually done to lure investors to be trapped at a high price, and then lose a very large nominal value. even double what was invested.
always be alert and watch his movements. take the right moment, and execute according to your considerations.
When the YFI token recently began to plummet in price and fell to almost eight thousand dollars, I thought that it would no longer rise significantly in value, and in any case not so quickly. However, almost immediately it began to grow again and the day before yesterday it almost reached $ 28,000. Now its price has dropped slightly again, but it looks like this token will still live. It is interesting to observe now its price movements after it reached the price of more than forty-three thousand dollars quite recently. Of course, such a price for him again will hardly be achievable. |
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Although nowadays it's not that much worth participating in airdrops and bounties, people like me still do it because we do not have choice and this can be done part-time.
Jobs you mentioned need technical background or knowledge. Many bounty hunter do not have that but are good in social media marketing.
I enjoy participating in signature campaigns. I have a little free time and I am used to spending it with benefit. New projects always beckon with something new, we always hope that their token will be a pearl and bring good profit. In most cases, this is not justified, but we hope that this is still to come. In any case, we remain aware of all significant events in the world of cryptocurrency and it is developing before our eyes. |
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In my opinion, any market should not work on trust, but on sober calculation. Of course, in any business and in any market there is a share of risk, but it must always be minimized. If you look at altcoins in general, then of course, a certain part of them were and will be useful and promising, and it is they who will develop the cryptocurrency. There will be many more good new altcoin projects. In fact, cryptocurrency has just begun to develop. The most significant discoveries are yet to come.
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Why would I want to clone ethereum? This is why we keep having stupid projects in crypto space today, this will even turn some into scammers themselves, God have messy on crypto space from now on as everyone wants to be a developer, more scam projects incoming
That's for sure. A cryptocurrency, and even more so an Ethereum clone, needs to be created only for some significant purpose and, in general, in order for the cryptocurrency to develop not quantitatively, but qualitatively. Otherwise, we will turn Nakamoto's good undertakings into aburd. Then we wonder why we have so many useless altcoins. |
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It is unlikely that 2017 should be called the golden year for cryptocurrency. Most likely, it was a year of good opportunities for participants in the cryptocurrency market. Judging by what many write about this time, for many it was a year of missed opportunities, since at that time most cryptocurrency holders believed that their tokens would continue to rise in value. As a result, they fell in price by 90-95 percent, and the majority did not rise after that. We have learned a lot from the example of 2017-2018.
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