China Creates Currency to Cancel-out Cryptocurrency
The Chinese government is on a mission to keep people dependent on government-controlled currency.
China’s government has now devised a cockamamie scheme where they will use their central bank and commercial banks to distribute a newly created digital fiat currency
in an attempt to trick citizens into believing that they have cryptocurrency all in hopes that the people will use the digital fiat instead of real cryptocurrency and stay government currency dependent.
The fiat digital currency will be totally centralized and the plan is to replace the current currency, the yuan,
with the new digital currency which right now is being referred to as Central Bank Digital Currency (CBDC). The digital currency will be issued to commercial banks via the central bank, and the commercial banks will, in turn, be able to distribute it to the people.
Well if china believes that it was effective Let them try with its own experiments, I think the chinese people are not dumb to believe and notice what was the true cryptocurrency and what is not. I hope in the long run bitcoin and other cryptocurrency will continue to shine in chinese investors. I am waiting how effective of China coin without have relationship with crypto world, possible or not China coin become success more than bitcoin and altcoin? We have give access for China coin how they will revolution with price at the future, will be bitcoin competitor or just shit coin only pass only few time. China have many support from investor to make their own coin and looks they are serious for getting trust from investor. |
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The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products. if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country Do you really think that governments control the inflation. As far as I have read and experienced, they are the main reason behind inflation. Corrupted authorities will never be good for their people. They control us with their tricks. Blockchain can help a lot in order to improve the overall economy of a state but this depends on government itself. Bitcoin can help people at individual level and it should be utilized by every person. Government never control the inflation of money value, they only think with how to get profit with using cash money and never care whit their people saving money in the bank with long term period, how much money increase lower with inflation by saving money why not saving money with convert to gold or can convert with bitcoin and altcoin, if ten years have saving money in the bank you have miss big chance to increase your money if convert with gold or crypto. |
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I guess this is the result of the current bear market we are in. People that are only interested in BTC for the profit are losing interest because we haven't 10Xed in the past month, they came here for profit, lost their patience and are now leaving. In the background however things have never been more positive, there is great news coming from every place in cryptocurrency and adoption is increasing, but that isn't something people notice, which is why they lose interest. If/when we return to a bullish market it will look like people are interested again and the space is alive again, but in reality it has never been dead.
Bitcoin will popular when price above $15k, many investor talking with bitcoin and altcoin investing. They will make bitcoin interested by many investor if have higher price, less talking forum when bitcoin still down. there are not available for community want to discuss with blockchain and bitcoin ac currency payment if bitcoin price still not growing up, don't worry with lost interested with bitcoin just wait when bitcoin up. |
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Going back to 2017 scam ICO launchings, one thing for sure, sites like Coin Market Cap have played a very big role in promoting those scams. Yes they did it because they want money but one thing they should realize that this thing would lead to distrust of new people in crypto which would ultimately also close their shop as well.
Coin Market Cap takes a huge amount of money from those scammers.
When i contacted CMC, i got this email.
Hi, and thanks for reaching out! Our pricing is based on impressions:
Desktop Formats:
· Top Banner (728x90) - $14.00 per 1000 impressions
· Side Banner (160x600) - $8.00 per 1000 impressions
· Bottom Banner (728x90) - $4.00 per 1000 impressions
Mobile Formats:
· Top Banner (320x100) - $8.00 per 1000 impressions
· Mid Page Banner (300x250) - $6.00 per 1000 impressions [Coin Detail Pages only]
· Bottom Banner (320x100) - $4.00 per 1000 impressions [Coin Detail Pages only]
May promotion: 10% bonus impressions for orders of $25k or more
If these sites just go for some verification before promoting these scams, it would be very good for the visitors. Verification can include Mobile verification, Identity verification etc. These sites are an open image of crypto, if these sites just reduce their earned money by a bit and plan for long term then it would be beneficial for all of us.
If you know CMC promote with scam ICO just resign your investing with ICO, you can choose other legit ICO for investing and have good price after listing on exchange market, you can help your friend or other investor to give advice about scam ICO have promoted by coinmarketcap, why not give image and source link about scam promoting ICO by coinmarketcap for make people trust with your opinion. |
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If you are a Bitcoin investor. Then you have to think like other investors. All investors verify everything before investing their money. You have to do exactly the same thing when you buy something. Emotions are not priced here. Your Emotion loses your fund. Therefore, trading should be learned before start trading. I've done a lot of losses before, just because of Emotion.
I can't agree that all investors should think alike. That is why often losses hapen, some investors try to imitate what others are doing but they don't know all circumstances why soneone exactly choose that particular decision and that might end bad. Emotions could be a burden that is true and if you can't control them that might be the cause of failure. Yeah, we need to be educated enough, copying what was other people do would lead us to mistake, we need to learn in our own way, different people has their own way to trade. We need to make our emotions stable, we will panic when we are not ready on what will happen to our trades, keep in mind that market is a uncertain thing. Yeah we should not copy others because it can be harmful for ourselves and in case of trading which is very sensitive, we should use our own strategies and our own brain because the situation could be anything may be panic, in which we should be too creative to handle it while if we follow the others then may be their situation in trading is different and ours is different which can cause problem. Copy from the other method is not good become expert and profitable investment in bitcoin and altcoin, many people ask to buy and he sells their investment assets, when make panic moment with bitcoin have lower price they will announce to sell although lower price and make us panic to sell, but other time he got moment to buy back bitcoin and altcoin with lower price for investing. |
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i am curious to know how some people find these price predictors! and more importantly why would anybody even bother with their prediction work as they don't even have a track record not to mention that this particular guess like most of them is quite strange. a big ass rise with an even bigger drop! it is not even matching the previous bitcoin price movements that we have seen so far.
Stop have high dreaming with bitcoin price can reached to $87k because is impossible with bitcoin price last day still $9k. Bitcoin can always give surprise price with suddenly on the top but will be possible or not if bitcoin reach to $87k, how come just few month later on 2020 bitcoin will growing up with price bitcoin now only $9k, maybe lest dreaming with reality bitcoin price at the future above $20k. |
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The difference primarily is that investors know the difference between ASSETS and LIABILITIES. Those you mentioned the car, the condo, the house, investors see those as liabilities and instead of buying more of those they go for income generating ASSETS like real estate, businesses, etc.
That is the main difference between investors and everyone else, when investors take loans they don't do it to buy products and services that will not generate any income, they are taking a loan to try to create a productive activity that will allow them to pay that loan very fast, that way when they finally repay the loan they have a new source of income which is another thing that investors do that the common man doesn't, the common man only has one source of income while the investor has many. I found that the common man is bit emotional and scared that's why he give more importance to the life and wants to live it by spending the money as he already knows that whatever is coming is always from hands to the mouth. Whereas the investor is more practical and believes in earning more and more an enjoy later. Anyways can't say who is doing better may be both are right at there own place.  Common always think with money and money, they only try how to get little profit every day although have bigger capital to start their investing. Common man look want to get profit with real investing and never want to smart working by investing in bitcoin and altcoin. Sitting and watching with bitcoin price make investor smarter with common man in investment way. Nice to be investor than common man to get money with investment. |
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I have been searching for topics that will somehow help empower the bitcoin community. I have been previously posting bitcoin friendly politicians and the list of their names in this forum. Today I will share to you bitcoin friendly cities. This maybe a boring topic but its better to read topics that can inspire the bitcoin community rather than negative and threatening topics. The list is courtesy to https://www.investopedia.com/articles/forex/042415/10-cities-leading-bitcoin-adoption.asp1 San Francisco, U.S. 2 Vancouver, Canada 3 Amsterdam, the Netherlands 4 Ljubljana, Slovenia 5 Tel Aviv, Israel 6 Zurich, Switzerland 7 Tampa, U.S. 8 Buenos Aires, Argentina 9 New York, U.S. 10 London, U.K. After reading the article published by investopedia.com the common thing that makes these cities bitcoin friendly is the presence of merchants accepting bitcoins and the existence of bitcoin atms. Have you go there and look at your mention city are friendly for bitcoin and altcoin, I not heard with information about many city in the world have adopted and friendly using bitcoin as transaction payment, maybe just in Canada have adopted bitcoin as transaction payment and other country still not allowed using bitcoin as transaction payment, you have give me correct information with your link. |
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altcoin will always be decreased and increased. there will always be a decrease and increase over time create a unique crypto trading gains and losses for altcoin indeed follow bitcoin until now. altcoin enough to survive when XRP prices are falling not too strong when the price of Bitcoin below.
Did you trust with ripple altcoin although have lower price today/ I have wait for holding ripple more than two year where invest with ripple on higher price, I have closed my account and never looking anymore with ripple coin price because always sadness got ripple have very cheap price. Although ripple have good rank on coinmarketcap but price of ripple still down and many investor lost their investing in ripple coin. |
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My opinion for that is people wants something a less risky but they didn't know that the less risky it is, the less profits there is for them, as a human nature, it is natural to be scared, we have instinct to trust or not to trust sometimes, most likely, people wants fiat because it is "safe" for them (how ironic), but the truth is, there is no such thing as safe, dangers and risks are everywhere. Majority of the hard working people look for safe investment rather than taking risk as they do not want to see their life earning to go to dust so there is a fine line in trading in high risk market and the safest option, you can see many people investing in bonds and majority will not even dare to invest in the stock market and you cannot any of those category to invest in a high volatile market like this. There are risk in every market but the less profit you get the lesser the risk and vice versa. Many people want to get safety investment although with less reward or profit with their investment, only bitcoin and altcoin investors brave for take big risk to invest with bitcoin and altcoin. Maybe when we are talking with other investor think one more time for investing with bitcoin and altcoin because big risk with bitcoin price could be dump and they will disappointed when looking bitcoin and altcoin have higher price and get big result. |
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What you think more profit, participate in IEO or wait after IEO and buy the token from exchanges?
You can participated at both investing where make investment on IEO and use you half money for investing after IEO coin listed on exchange market, I think will give you many benefit if IEO coin price down after listing you can recovery your profit, but after listing IEO coin have higher price you can take double profit investing during IEO and after IEO listing with exchange market. |
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6 years... Damn, I can't believe they've been looking at blockchain and cryptocurrencies since late 2013, I don't believe they got interested in crypto-currencies since fairly early on, before all the ICO's and bull runs.
It's pretty solid proof that China is completely adopting this new cryptocurrency technology then, they have been very lax with crypto-currency in recent years and it looks like they want to develop an ecosystem that could possibly replace fiat, and their "DCEP" being at the top of it.
I can't wait for it to launch! Countries are definitely going to follow suit with this now.
I confused with China government where last three days they have made announce for listing and adopting bitcoin as legal transaction payment where announce by China president, but last day I got news correct or not with China announce for banned bitcoin as transaction and investment assets, will China playing with bitcoin issues and get profit with bitcoin moment with lower and higher price? |
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I saw that today bitcoin has increased in price and this has made me interested in looking for news about bitcoin and I found this article which in my opinion might affect the rise in bitcoin prices today. try you see this article https://www.trustnodes.com/2019/08/01/85-of-all-bitcoin-have-now-been-minedwhat makes me interested in this news is the statement that "Just circa half a million coins (about $ 5 billion) are now left to be mined until next year when the block rewards are halved to ₿6.25 from the current ₿12.5" the statement made me asking "is mining next to bitcoin still existing (effective)? or will people start leaving to mine bitcoin?" What do you think? are your thoughts the same as mine? Bitcoin have been mining with higher amount and supply of bitcoin will increase year by year, for the future maybe bitcoin supply will limited and make bitcoin price on the top, with bad issues and negative respond from many government make bitcoin slowly raise up to higher price, after bitcoin faced with halving time each four years maybe bitcoin price will grow up to higher again. |
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I do not know the purpose of kyc for us. Because we are the buyer and we cannot cheat on it. They should pass the KYC on us so that we can know who they are, because we entrust our hard-earned money to them without knowing if their token is worth it and we have the profit to take it.
Investor never cheat for investing with IEO coin different with bounty participants using multi account for joining bounty campaign, but submit KYC for IEO exchange is very important to know which one investor come from, still have country not available for investing with IEO and ICO like United State and China citizen, give for IEO exchange to know which one not allowed to buy IEO coin on exchange market. |
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It looks like more and more outlets are accepting bitcoin: https://cointelegraph.com/news/where-to-spend-bitcoin-a-global-overview-from-ljubljana-to-zurichAs of late October 2019, 15,558 business venues worldwide were accepting Bitcoin (BTC) as a method of payment, up 18% from a year earlier, according to Coinmap.org. The problem is, unless bitcoiners actually use bitcoin to spend in these places, they'll just disable the payment function. It's very much use it or lose it - but this community is more focused on speculation than on making it profitable for retailers to accept payment with bitcoin. There are only have available using bitcoin for trading and investing, for currency if have available and support with many country can use bitcoin as currency I will use bitcoin, there are many country not allowed using bitcoin as transaction payment because less get support with store for adopting bitcoin as transaction payment, they only need bitcoin as trading and investing assets. |
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Was reading about how Bitcoin first came into existence and people's first experiences with Bitcoin, cryptocurrency, etc on Reddit. I want to know how your guy's first experiences was with Bitcoin, and if you ever had any regrets or wins throughout the years. Also, would be cool to know how people first actually got Bitcoin back nearly a decade ago when it wasn't as easy as buying some from a local Bitcoin ATM near you.
I have bad experience with bitcoin because ado not control when have to sell and buy bitcoin, I have remember when last three years when bitcoin growing up to higher price I sell bitcoin above $10K and last one week later bitcoin price up above $15k, I have made mistake if waiting one week later maybe I got much profit with my bitcoin investment, you have get experience with bitcoin and earn profit if can manage bitcoin well. |
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Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.
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it creates panic for people who buy it in the short term expecting profit (trading).
those who actually have been here for a long time will not mind this, and also maybe they consider this to be a show when the price of bitcoin fluctuates rapidly and people are panicking about buying and selling and say I see this year after year.
yes, feeling too worried can cause panic, which will interfere with patience to wait for prices to recover. in my opinion, worry is something that is natural when we hold bitcoin which price can change at any time. try to find calm, when feeling too worried is inside. Ask friends for advice, if indeed you need to consider what steps you should do when you are too worried to see prices that are not in accordance with what you expect. When you are the same position have invest with bitcoin on higher price than you have faced with bitcoin drop to lower price you will panic and worry with bitcoin price, will back to higher price again or not. You will panic when faced bitcoin still lower price, maybe for expert in bitcoin and altcoin investing have usually faced with bitcoin or altcoin have lower price and can back again to higher price. |
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Think it's 50/50. What about you?
If you are a crypto enthusiast for several years already then this question is not necessary but I saw that you are still a newbie. Here's what I can say to you, what is the starting price of alts before you join here? Alts are currencies with live projects so they are only waiting for the market to recover. We are not waiting for nothing and it's not 50/50 as it is 99.99% that we are waiting for something and not nothing. This is the one that newbies should understand. They focus more on the price and expect too much even in altcoins. They do not understand that an investment in crypto takes time, it does not happen overnight. When it comes to crypto, they always think of making a profit in an instant, and if it does not happen, they doubt it immediately without further thinking. Every one have waiting for altcoin season after bitcoin raise to higher price, if bitcoin still down and dominance on exchange market altcoin season have wait for long time. Bitcoin price break above $20k I think will be season for altcoin where many altcoin raise to higher price and have potential to get much profit with altcoin but we need waiting when bitcoin price is up fist. |
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I have not been really into investing though I have some stocks with a premiere banking firm here in my country, which i just left in my broker's site idle for some years now. What made me excited into investing is cryptocurrency but unfortunately it was not bitcoin but a scamming project called TheBillionCoin which by name itself really sounded so dubious. Okay, I was still innocent and naive at the time. Soon, I meet bitcoin and it was not yet that pricey at the time but because I was not convinced that it can go sky-high I just bought some.
The main source of the money I invested with bitcoin comes from doing online job with a platform where we are allowed to post in many forums in exchange for some points and the those points can be converted to real money anytime.
We all really need to take all the cautions and red flags seriously because losing money that we've worked hard for is a big deal. I'm so sorry for your lost, mate. My source of income was bounty campaigns then use it for investing. For me to avoid being scammed and losing all of my earnings from bounty campaigns that I used in investing, I am making sure that the I am not being involved with fake transactions and looking for legitimate things here. Also, please stop trusting links and dubious offers. Don't compromise your assets especially if you don't want to lose more than you can afford. Looking first with free way to earn altcoin or bitcoin like joining bounty campaign and airdrop project than use for investing in bitcoin, altcoin, IEOs and ICOs project investment. Never use your saving money for your children our you saving for the future to invest in bitcoin, keep away selling your property to buy bitcoin or altcoin because too risk with investing your saving money. |
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