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361  Alternate cryptocurrencies / Altcoin Discussion / Re: Will it ba the next dogecoin ??? on: October 25, 2020, 05:20:04 PM
Dogecoin has been around for quite some time and has a large community. Behind Dogecoin is Elonmusk, who takes over Doge and makes Doge a powerful means of payment.
New projects can hardly attract the community and developers because they currently only invest for profit, very few projects develop the project to the end. So I firmly believe that every project takes my time. I'll see if anyone knows about this project a few years later.
362  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DEX increase volumes, CEX reduce on: October 25, 2020, 05:15:09 PM
I notice more realistic trading volume on DEX than CEX even though Bot's presence remains.
DEFI has helped people find DEX and it's good for liquidity providers. The control of the market rests with those involved in trading and providing liquidity. Projects can be listed on the DEX without any ridiculous fees.
DEX helps us avoid AML / KYC policies. Many people do not like them and some countries prohibit their citizens from trading on CEX.
Recently, CEX has been involved in many scandals related to money laundering, hacker attacks, ... these are the main reasons that the crypto market has been heavily affected. Everyone needs a safe place to trade their assets, DEX is a good choice in this case.
363  Other / Serious discussion / Re: Huawei without Google on: October 25, 2020, 04:59:36 PM
Huawei is banned from using technologies from Google, which will be a disadvantage for them to go global, but that will be the motivation for them to create their own platform to compete directly with Google. This is very unlikely outside of China but with the domestic market, they can do it. The Chinese people are accustomed to their government banning social media from the US and using domestic apps.
364  Economy / Economics / Re: Government slowly open the economy, will it make the pandemic worst? on: October 22, 2020, 04:16:09 PM
The more they try to bring the economy back to the government the more countries suffer from the pandemic. I have not seen any signs of a pandemic decline, especially in European countries where their people are freely traveling to other countries.
The number of COVID-19 infections across Europe is at high levels and there is no sign of reduction.
https://news.google.com/covid19/map

Countries should close their borders and practice social isolation until the number of out-of-community cases is completely reduced as Vietnam and China did. That is the only way to get rid of the epidemic and get the country's economy back more efficient than risky.
365  Bitcoin / Bitcoin Discussion / Re: Will you buy BTC from PayPal now that they are letting people do it? on: October 22, 2020, 04:06:52 PM
Am I the only one who thinks this is bad news? As I understand it, you cannot withdraw Bitcoin from PayPal, so any money you send to them is lost to the Bitcoin community. A few years ago, I started predicting that bankers would be removing coins from the Bitcoin community to reduce its utility. This appears to be another attempt by bankers to mop up small Bitcoin holdings.
Do they not allow Bitcoin to be withdrawn from their wallets? That's too bad, can we keep the Bitcoins in our Paypal account without any taxes? They are losing Bitcoin's decentralization by not allowing people to withdraw their Bitcoins from the Paypal platform.
366  Other / Archival / Re: DeFi hyip is over? on: October 21, 2020, 03:59:02 AM
Before the DEFI boom, I saw how the project DEFI on TRON performed. Investment game uses TRON to invest in TRON DAPP-based packages, after a while they will receive a return. The former had a good return, the latter lost money because their deposit was stopped.
Obviously, it's a PONZI game. The problem with DEFI projects is that the nature of the project does not care about reality in the crypto space and does not create real value.
Farming restriction token projects are overvalued when new projects are launched for high profits. When too many tokens are mined, their value will automatically decrease due to pressure to sell for profit. People will sell to take profits and participate in projects for better profits. Like the previous game on TRON, the first-come get a good return, the latecomer is at high risk.
367  Economy / Economics / Re: Trung Quốc đang t́m cách để thoát khỏi đồng đô la Mỹ on: October 21, 2020, 03:44:03 AM
For those stating China creating a cryptocurrency - are you talking about a decentralized currency?

I'm not saying it's a decentralized currency, it's a Chinese central bank-created digital currency based on blockchain technology, and it should be a Chinese controlled centralized chain.

I am talking about the flow of money through this coin, which is transaction volume (liquidity). Citizens or businesses will likely fall in love with this currency as it uses blockchain and bypasses complicated banking confirmation steps. For a business transferring tens or hundreds of millions of dollars, the cost of transferring money and confirmation times will be much faster.
How people store money depends on their needs, and I don't foresee their needs.
However, the dollar still controls> 60% of the world's money circulation. if China applies crypto currency to compete with the dollar, will their currency have any value?


It was definitely worth it because it was guaranteed by the yuan. The use of this currency by businesses inside and outside of China will reduce the presence of the US dollar. It also means increasing the role of the yuan in the economic system.
Obviously, it is a policy to remove the dollar's influence.
368  Economy / Economics / Re: Tại sao mọi người tuyên bố tiền điện tử không phải là tài sản? on: October 20, 2020, 01:31:12 PM
Cryptocurrency needs to be considered an asset because it has a cash value. Although cryptocurrencies are not regulated in our country, they do allow us to own cryptocurrencies and not to use them as a means of payment.
For projects that host public and AML / KYC binding ICOs they are real assets because they represent companies.
Although people have a debate about cryptocurrencies, only those who own them understand their value.
As the world moves in favor of cryptocurrencies, governments will have to recognize cryptocurrencies as an asset.
369  Economy / Economics / Re: Trung Quốc. on: October 20, 2020, 01:15:57 PM

This has been always the darkest conspiracy about China, stealing user's information. They probably has already done that through their worldwide popular mobile app. Some country has started to ban TikTok because of the same allegation and many other apps as well including WePay and such . They dont need to wait until they launch a cryptocurrency to start this

So far there isnt any definite proof about this allegation
The official report is not clear, but by the way, China expands its market worldwide, we can predict how they did it. They have Tiktok, QQ, Wechat, Alipay, Weibo ... these products are popular all over the world along with Chinese-made mobile devices.

America will always want to be the first in every aspect
Sure, Apple, Microsoft, IBM ... and others, they have hundreds of blockchain-related patents. Creating a digital currency for them is easy, their problem is the permission of the US government.
370  Economy / Economics / Re: China is looking to get rid of the US dollar on: October 19, 2020, 03:20:30 PM
Of all the countries that compete with America in economic terms, it seems that only China is seen as America's most serious competitor.
Even China clearly wants to get rid of the US dollar with the news that the Chinese government is starting to support blockchain technology.
And the Chinese state is trying to create their own cryptocurrency, if China manages to create their own cryptocurrency. With the rapid
development of cryptocurrencies today, could be a threat to the US dollar if China released their own crypto coins.
It benefits China and is not as troublesome as how fiat money moves through banks. With China-created PBOC, they can capture user information around the world and record them on their Blockchain. Certainly, their cryptocurrencies are built on centralized chains and are fully regulated by the Chinese government.
The most important point that this cryptocurrency brings about is the user's data. The Chinese government will control the entire world if they send their money to the world.
Currently, the EU is pursuing a stable digital currency for Europe. I think America will act soon.
371  Alternate cryptocurrencies / Altcoin Discussion / Re: ARE ICOS STILL LEGIT? on: October 19, 2020, 02:55:38 PM
ICOs for anonymous projects are illegal and it is still going on, I have not seen any litigation related to these projects as these projects are unknown owners.
For projects with clear owners and company registrations, the ICO is legal since they have registered the company in a country that allows an ICO to be held, usually an ICO comes with AML / KYC standards.
372  Alternate cryptocurrencies / Altcoin Discussion / Re: Why hesitate ???? on: October 18, 2020, 01:02:57 PM
In any market, profit-taking is always a necessity, I used to see not selling my holdings when they were profitable until a bear market happened. so many, so much.
A friend of mine told me 'Keep your word never wrong' and it is true in all circumstances. It is necessary to reduce greed in trading to achieve a safe level of profit. We can make small profits many times and win through accumulation rather than greed and sinking losses.
373  Economy / Economics / Re: Bitcoin Balance on Exchanges Reducing on: October 18, 2020, 12:50:24 PM
The numbers are real and I see people trading bitcoin less often, their hoarding trend since the bitcoin event plunged in March 2020. I don't know why bitcoins were collected. . The amount of more bitcoin gained is also increasing with the number of Tether released. I feel the hands of world tycoons silently buying bitcoin. Rare Bitcoin is an opportunity for a new bull run, I am very optimistic about this.
374  Alternate cryptocurrencies / Altcoin Discussion / Re: New Altcoins That Suddenly Make the Top 25 Marketcap List? on: October 17, 2020, 02:52:50 PM
Many Crypto has ICOs before but they are only traded until the project has a product. I am not unfamiliar with such projects. They are very smart in implementing such a slow listing strategy.
Apart from Polkadot, we could see Filecoin, Tezos, Cosmos listing very late after the ICO. They do this to protect the value of the project from manipulation and the market goes down. The investors for these projects have reaped good returns.
375  Economy / Economics / Re: Trung Quốc. on: October 17, 2020, 02:37:12 PM
China is creating a cryptocurrency to eliminate the mediation of US dollars.

China will continue to bet on the US dollar. For a very simple reason: Besides Japan, China owns most of the US government bonds and thus indirectly also USD. If China were to break away from the US dollar, they would sell the government bonds first, which according to current official figures they are not doing. For commercial transactions, it may make sense not to rely on a foreign fiat currency as an intermediate currency and to build an own electronic system. The only question is whether this can prevail. Because then all other countries that trade with China must also use the cryptocurrency and no longer the USD.
Owning US government bonds or reserves of US dollars has nothing to do with finding a way out of US dollar mediation. Imagine that bonds and foreign currencies are like their holdings, they don't circulate. Eliminating the intermediary role of the US dollar means reducing US dollar liquidity.
Combining a large amount of US-related assets and low dollar liquidity, China could threaten to devalue the dollar.
The plot is very clear.
Chinese cryptocurrencies are not yet launched but I believe China will have a way for other countries to use them.

Firstly, your username is hilarious op. Gutsy and straightforward. Coming to the topic, China is a very ambitious country with lofty goals which everyone are aware of and they have demonstrated this time and time again.

They can try to get rid of the dollar, but they will fail most likely and get mocked into oblivion if they do so which is why this isn't feasible for them and they are aware of this.
China paves the way and other countries will embrace the creation of cryptocurrencies. By companies that are abroad, they will be bringing their digital currency to the world.
I have seen them develop cashless payments with apps like Wechat, Alipay before. Countries in the region have been asking to follow in China's footsteps in monetary reform. Alipay has a presence in the US, not only replacing payment methods but also receiving a large amount of user data.
376  Economy / Economics / China is looking to get rid of the US dollar on: October 15, 2020, 02:15:52 PM
The US Dollar is a currency with global liquidity, and almost all national currencies must be converted to US dollars to purchase products from within the country. The dollar is the mediating currency around the world for most transactions, where US companies are where the strength of the dollar exists.

China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.
I don't think China's monetary revolution will be successful because Huawei out of the 100 largest companies in the world has only 96. Hundreds of US companies have greater influence and much higher liquidity with the influence of a company from China.
377  Alternate cryptocurrencies / Altcoin Discussion / Re: Làm thế nào để bạn xác định xem một altcoin có đáng để đầu tư hay không? on: October 15, 2020, 01:33:01 PM
A project worth investing in should consider the technology factor and the parts they do. I usually choose projects that have stable source code and are updated regularly. Just looking at the source code we can see the project leadership team working.
New projects have a high level of risk because they are often overly exaggerated for their value.
For me, value comes from products, not beliefs. Currently, most ICOs and IEOs are high-risk investments.
378  Economy / Economics / Re: What is the cause of economy rise and fall. on: October 15, 2020, 01:27:52 PM
The national economy depends on the balance of exports/imports and the gross national product produced per capita to value.
Some countries have abundant natural resources and they export them to get rich. for example, the oil-rich Middle Eastern countries.
Some countries have an abundant gross domestic product output, they go up from production and create value for the country's economy. For example, Japan has less abundant natural resources but is the 2nd economy in the world.
379  Economy / Economics / Re: Bitcoin start Backing USA dollar on: October 14, 2020, 04:07:40 PM
The EU is looking to create a blockchain-based stable currency and how will it help them create liquidity? China is also ready to bring its cryptocurrency to use nationwide.
How does the US create its own cryptocurrency or will they use Bitcoin to liquidate its cash flow?
This knowledge is too much for me. We hope to receive a reasonable explanation.
380  Bitcoin / Bitcoin Discussion / Re: Bitcoin legit or not on: October 14, 2020, 04:03:16 PM
Maybe bitcoin is hindered by a central bank, but bitcoin rises in value when it is supported by a celebrity like the US president. Bitcoin will be the place for the dollar to have more liquidity.
Bitcoin will be legalized but only happen in a few countries, I do not fully believe that Bitcoin can be used all over the world.
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