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1  Alternate cryptocurrencies / Altcoin Discussion / Start investing in encryption currency,Target profit to double on: June 10, 2020, 12:22:12 PM
Start investing in encryption currency today, deposit 50,000 US dollars, record profit changes every day, I hope everyone will give me good luck
2  Alternate cryptocurrencies / Altcoin Discussion / Is the new cryptocurrency worth buying on: May 26, 2020, 02:18:25 AM
With the development of the economy, BTC is now gaining more and more attention, and it is not disappointed by the people who chose it. From being questioned at the beginning, to a large number of people investing now, it has become a popular investment product. I first learned that BTC was recommended to me by my friend W (who was the administrator of the Monetary Authority) at that time, and let me also invest, but I thought it was a hype May be cheated (this has become a big pity for me). Later, I started investing in 2013, when I bought 100 BTC and sold it at the price of 16,000 in 2017. Now my friend W has recommended a new cryptocurrency to me. Should I invest?
3  Economy / Trading Discussion / BTC market analysis on: May 20, 2020, 12:07:28 PM
After the bitcoin market rose yesterday, it fell back again and was in a sideways shock. It still did not break through the 10,000 mark. It has been touched three or four times in a row, and it has hovered around 9500; this market trend has been maintained for almost a week. Position breaking, just waiting for the arrival of a large position breaking, the recent trend in operation, it is very easy to do for traders who like shock market, high altitude and low can be more, but it is quite torment for traders who like unilateral market ;

Bitcoin encountered strong suppression at the 10,000 mark, and the market was adjusted in the form of parallel shocks to digest the pressure of the upper selling. Although the high price of the currency did not break through, the low point gradually moved up, indicating that the long and short powers have entered equilibrium The state is more conducive to the next price breakthrough. Then such a trend will also lay a certain foundation for the subsequent break-up, because the slower the upward trend, the greater the unilateral market brought after the breakthrough. This is the slow-up market must be accelerated.

It is determined that the overall trend is mainly strong. Next, we will analyze from 4 hours. In 4 hours, we can see that the overall trend is slightly oscillating triangle, and it is currently near the pressure line above the oscillating triangle and also at the tail of the oscillating triangle. The market is about to face an upward breakthrough. If it breaks, then the 9960 first-line breakthrough needs to be confirmed above. If this position is broken, then it will directly challenge the 10,000 high point. If there is no breakthrough, there will be no pressure. Unobstructed at a glance; the intra-day operation still focuses on the short range of 9400-10000, breaking the position can follow the trend, the operation is still small stop loss to gain big gains.

4  Bitcoin / Bitcoin Discussion / IMF: The rise of digital currencies on: May 20, 2020, 05:47:31 AM
The IMF published a blog outlining the potential benefits and drawbacks of adopting new digital payment methods including stablecoins.
The IMF stated in a recently published blog "The Rise of Digital Currency" that a stable currency (a digital currency linked to physical assets or fiat currency, designed to minimize price fluctuations) may bring significant benefits to customers and society, but it is not There is no risk
The International Monetary Fund said banks may lose their intermediary role because the public will turn to stable currency asset providers. However, the report predicts that banks will not disappear because they may compete by developing their own innovations.
The blog post further pointed out that new monopolies represented by technology giants may emerge. Technology companies can use their networks to avoid competitors and monetize their data.
The IMF said that policymakers need to strengthen consumer protection and financial stability, and respond to the risk of mint tax losses. The blog pointed out that in countries affected by inflation, a stable foreign currency currency may replace the local currency, which may undermine monetary policy and financial development.
According to the International Monetary Fund, stablecoins may also promote illegal activities, including money laundering and terrorist financing.
The blog post stated: "New technologies provide opportunities to improve surveillance, but regulators need to adapt to a more decentralized and geographically diversified stable asset value chain,"
At the same time, the IMF recommends that the stablecoin mechanism can realize the seamless payment of blockchain assets, reduce costs and increase transaction speed.
The IMF added: The biggest attraction comes from networks that promise to make transactions as easy as using social media. Stablecoin provides the possibility to better integrate into the digital life, and is designed by a user-centric design company. "
The International Monetary Fund proposes that network effects may trigger a wave of large-scale use of new digital currencies. The IMF later revealed that its goal is to establish a conceptual framework to classify new digital currencies such as Facebook's Libra and stablecoins, and consider the impact on central bank policies.
IMF President Christine Lagarde said that central banks and financial institutions should protect consumers and be open to innovations such as cryptocurrencies.
Facebook ’s Libra encryption project was first announced in June 2019. Libra will play the role of a stable currency, backed by a basket of global currencies, which currently includes the US dollar, Euro, Japanese yen, British pound and Singapore dollar. In July, the House Financial Services Committee and the Senate Banking Committee held hearings on Libra issues. At that time, lawmakers raised questions about how the Facebook blockchain project will operate, whether it will affect the U.S. or the global economy, and other areas of concern. question.


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