I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.
1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
My observations are saying that these coins will be backed on their state currency so the question of stability skips here because it will have the same fluctuation in price as in the states local currencies which rely on the economy of the state. Then it is right that many people will have trust on it and will not worry to put their money in them but for decentralization and for profit from the price they will also not leave the coins of crypto space. Regulations may come after this in the favor of central bank coins but due to decentralization of crypto space coin people will also not have any problem in adopting the current cryptocurrencies. That's right, own coins of various states will be issued in the form of stable coins. It will be just their ordinary money digitized. Therefore, their price will always correspond to the price of their domestic money. In the future, various combinations of stable money among themselves are also possible. Of course, they will not bring profit, but will be used primarily as a means of payment. |
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So far, governments of various states have declared that cryptocurrency is not a threat to global financial stability. However, in general, cryptocurrency is alien to states and they cannot control it. Therefore, cryptocurrency is not needed by states and their governments. They can allow the decentralized cryptocurrency to go on their territory, but they will never actively support it. Now governments are trying to create their national stable coins, because they highly appreciated the blockchain technology on which decentralized cryptocurrency works. They can become a serious competitor for cryptocurrency as a means of payment.
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The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
You misunderstand everything. Bitcoin was just created as money, as an alternative means of payment to existing means of payment. It makes no sense to support the dollar. These are completely independent payment systems. Gold and silver will not disappear. They will exist along with old and new means of payment, including along with cryptocurrency. |
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It is possible for early investors but they should put a limit on numbers of early investors. This is just a marketing strategy of the campaign team and it is fair enough for those who trusted their project first. Example: First 5 investors gets the 40% then the next batch should get 30% and so on.
Yes, limiting early investors to the amount that would determine the percentage of the bonus would be logical. True, as always, there could be too much abuse on the part of the ICO team. After all, investors will not know what account they have addressed. As for the bonus of 40 percent for early investors, then, in my opinion, this percentage is too large. It contributes to the desire of these investors to quickly immediately sell discounted tokens after they are listed on the exchange and get a good guaranteed profit. |
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Start buying altcoins before its too late, the red market you are all complaining about is a big opportunity for those who knows that altcoin time will arrive, all you need to do is ....
1. Buy altcoins that have real use cases or backed with real wprking product, they tend to always have value better than copied projects.
2. Take it or leave it, new good projects will bring better ROI than many old altcoins, feels like we've seem how far old altcoins can go already, now its new altcoins time.
Well, in general you are right. Now is a very convenient time to buy altcoins that are promising for growth. Many altcoins have now fallen to 98 percent. That's just the choice of these most promising, and also new altcoins, has always been the most difficult in cryptocurrency. If we knew which altcoins would grow in price in the future, we would already be millionaires. |
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It seems to me that it would be better for Zuckerberg to abandon his Libra project. Since earlier the finance ministers of the countries of the European Union announced that they would tightly block the circulation of this coin on their territory, Libra without the European market will not be able to become that global stable coin as it was planned earlier. In addition, now about 70 percent of all states declare their intention to issue their own national stable coin. Libra will be very difficult to compete with them.
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The root of this is there are too many altcoins in the market of which investors have been scammed from some and as it stands, I guess they are scared of investing expecially on altcoins anymore as they ones did turned out bad. And there is low liquidity too which resulted through many altcoins that has no future and some exchanges listed them. If we keep having thousands of altcoins it will certainly bring the market down the more as it will scare the remaining investors aware. Though crypto market in general is down and I hope next year should be more better and altcoins with future will bounce back.
Nevertheless, I think that the bad situation with altcoins arose primarily due to the price dominance of bitcoin. Although these processes are interconnected and affect each other. In any case, the situation should change after some time. The high price of bitcoin and its dominance in the cryptocurrency market depends on trust in it, or rather, on the ability to grow in value. If bitcoin does not meet the expectations of investors, the market situation will quickly change in favor of altcoins. |
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Blockchain technology has been proven to be extremely secure against the tampering of data with the use of encryption techniques and byzantine fault tolerance algorithms. Its most successful implementation has been digital money with Bitcoin's inception back in 2009. Over time, people have found that Blockchain has many capabilities far beyond that of finance. It's now possible to prove the authenticity or ownership of documents, and even sign transactions or digital data via the use of smart contracts. The work that was usually done by a notary, can now be done with the power of Blockchain technology. Considering the huge potential Blockchain has to transform every industry, it's becoming a concern among many people whenever traditional jobs of today will be replaced by Bitcoin's core technology or not. After all, anyone can "notarize" their documents in a trustless manner in a safe and secure way. This makes me wonder if Blockchain technology will be able to replace notaries someday? What are your thoughts?  Yes, this is an interesting question. I didn’t even think about it. However, it seems that the blockchain in some cases may well replace the notary public. An entry in the blockchain cannot be deleted or changed, and this is a very good advantage. However, such an innovation must be enshrined in the national laws of states. |
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Its hard to dodge scam project sometimes its look very promising. That why im not take a lot of campaigns, for now im only doing signature campaign. Even if you already did mini research you still trapped into fraud projects.
Absolutely true, sometimes after doing research and decide to do the bounty when impressed, the team members might have a negative plan at the end. We just have to be very careful when selecting projects for bounty and also it's good to follow bounty managers with high reputation or projects with very good backings. Sometimes some projects you expect little from pays well at the end, and some with high esteem tend to keep hunters and investors "in the dark". However, in as much as scam projects keep launching, we still have genuine projects with great vision giving us hope and encouragement. It is possible that at this stage this is the right decision. Now it’s really not enough to choose a successful project. We also need the ICO team to fulfill its promise and pay us for our work. Under the same market conditions, we can either get just a few dollars, or even get nothing. If you participate in small efforts in many bounty campaigns, then the chances increase. The only problem is that there are very few good ICO projects. |
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Bitcoin has not become a universally accepted means of payment in the world. During these ten years, it was generally used as a speculative means for profit. However, this is not the main and especially not the only function of bitcoin. Now, like all decentralized cryptocurrencies, he will have to compete with stable state coins and I’m not sure that Bitcoin can withstand such competition. |
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The definition of cryptocurrencies with the government differs from that of ordinary individuals. They want a stable central digital currency or they can control it.
Therefore, the focus will be on the representation of paper money digitally with the addition of the blockchain feature and not the purchase of digital assets like Bitcoin.
India is part of the G20, which has open views on these currencies.
Also, do not forget that India wants to get rid of the heavy link with the dollar.
According to a recent study, about 70 percent of all states intend to issue their national stable coins. In particular, the Central Bank of India, the Reserve Bank, announced such an intention. Therefore, India will gradually switch to the use of cryptocurrency. Even if at first it will be its own stable coin. |
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We see that large states such as China, the USA and even India announce the creation of their national stable coins. It is therefore not surprising if France follows them. I think that in the future, almost all countries will have their own stable coins. Their use is very convenient, since such coins will combine the capabilities of cryptocurrency and regular currency.
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It is still possible for them to implement such policy as a preparation for a cashless system. And there's nothing wrong about it, in fact, it would help cut the needed natural resources used in cash production. However, it does sacrifice some financial freedom (because cash is harder to trace than digital means of transaction). And not all people are capable of transacting digitally.
I don’t see anything good in this. Governments want to control the movement of money and such measures are very convenient for this. And there are always explanations and excuses. Paper money has existed for more than four centuries, and previously everything was fine. Forcing people to make transactions in a certain way, this in any case limits their financial freedom. I am generally against the use of such measures. |
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Indeed, such measures are a little strange. The government issues its paper money in order to then limit its circulation. In these measures, there is logic only if transactions are carried out for large amounts and in this case it is simply practical to do this by non-cash payment. Also, such transactions can be easily controlled and ensure the receipt of taxes. However, for small transactions, no matter how many there are, in my opinion, it is not entirely correct. Cash turnover provides economic growth. However, the world is now moving towards an increase in cashless payments. Therefore, let this government experiment. Let's see what happens.
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To be honest, I do not understand the essence of the issue. In my opinion, many people make the mistake of trusting their money to anyone.
What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
Libra will no longer enjoy the tremendous trust of people. Their planned release met with such great resistance from states and regulatory bodies that it can be said that this coin is unlikely to ever be issued at all. In addition, at a meeting of the Congress in the United States, Zuckerberg himself was forced to declare that Facebook will not have anything to do with the Libra coin. In addition, the United States and other leading states themselves already announce the creation of their national stable coins and, in my opinion, these coins will be more popular than the scandalous Libra. |
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Those that has good number of altcoin in their portfolio now, has a better tendency of making huge profits comes next year. Investing in thousands of altcoin token at cheap price and reselling it back at high price seems more profitable. Albeit majority of investors always think that investing only in bitcoin will give them the desirable profit they long for, but they forget easily that they can make the same profit in altcoin, if the invest wisely
Totally agree with you. The large price dominance of bitcoin in the cryptocurrency market cannot last too long. Funds will inevitably be poured into altcoins. If the altcoin project is good, then you need to keep its coins or tokens. They are able to bring much greater profits in the future than even bitcoin. Altcoins no one boycotts. Now, a temporary unfavorable situation has simply developed for them. She will change for the better. |
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On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.
So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?
I can’t understand something why to buy stable coins in advance and what role they will play in selling bitcoins after some time. If you worry about the timely purchase of bitcoins, then the preliminary purchase of stable coins would be logical. However, if we want to sell a certain amount of bitcoins, then stable coins are enough for everyone. You certainly should not worry about this. |
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I think the bitcoin price will rise too much. But I think the bitcoin price will not be $ 1 million. If Bitcoin is $ 1 million. Do we know who will have this power? I think all markets are in danger. I think a sensible price of 100000 dollars for bitcoin.
Even the price of one hundred thousand dollars for cryptocurrency is a lot. It is unlikely that we will see the price of bitcoin even at one hundred thousand dollars. The cryptocurrency market has not fully recovered after Bitcoin reached a price of $ 20,000 two years ago. What will happen if its price rises to 40,000 - 50,000 dollars? |
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I think the new year will be a better ibr year for Bitcoin. I do not expect excessive activity in prices by the end of December. I think the bitcoin price will enter the new year at $ 7500. People are always so excited, they want the bitcoin price to go up too high. We need time.
Yes, you are completely right. If by mid-December Bitcoin did not increase in price, then this will not happen until the end of the year. Well, you can’t say that it was a bad year for bitcoin. The price of $ 7,500 is not so bad. This increase is more than double compared to the price at the beginning of this year. But for altcoins this is the second consecutive bad year. Because of this, ICO projects are on the brink of survival. We hope the next year will be more successful for cryptocurrency. |
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In general, any currency should fulfill the function of storing value, another thing is that they perform this function in different ways, depending on many factors. Paper money of states periodically and gradually lose their value due to inevitable inflation.
A decentralized cryptocurrency can hardly be attributed to good value storages due to its very high price volatility. And it seems that she will always have high volatility.
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