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Author Topic: Each country has its own crypto currency!  (Read 3574 times)
Kemarit
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June 01, 2018, 09:08:21 AM
 #101

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
If countries should issue out their cryptocurrency I believe that China coin will have the fastest growth followed by Russia’s. USA might follow next as the third, I don’t know for others. But if I may ask, why would you have any interest in a coin that is being issued out by the government? If the government issues out their own cryptocurrency, as long as Bitcoin is still around I will continue to go for Bitcoin cause it’s always the best. Going for something that belongs to the government will be taking a risk.

Hmmm. Obviously China is one of the fastest growing economy but in order for their local crypto currency to. grow, their people need to support it like they did with bitcoins. But with taxes all over, do you think that government backup crypto will just flourish? I don't think so, unless the government pump their own coin and portray it as something their people love, but I don't think that it will be case. Just look at how the Venezuela's Petro, they say it has a lot of investors, but do you really know who are the people behind? For all we know its just the same people who brought up this coin to evade the US sanctions. So I don't think the government backup crypto will succeed in the long run.

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nelsledma
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June 01, 2018, 09:25:01 AM
 #102

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
if each country creates its own crypto it certainly does not exist any decentralized system as it does for now. and I think it will be just like the fiat currency in general because the highest value will depend on the highest level of crypto trading exchanges. and as we know in fiat currency of course US Dollar which has the highest value.
Yes, that’s true man… any cryptocurrency made by the government will not have the decentralized feature that Bitcoin and other cryptocurrencies has. It will be made to be centralized so that the money that goes into it stays in the country and nobody would make use of it for money laundering as the government believes people does with Bitcoin.. And I wouldn’t be interested in something that has to do with government, especially crypto.
ss890
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June 01, 2018, 11:34:14 AM
 #103

It would turn out as miracle. May be they will have to make it unregulated because thats what crypto currency is. If they do so then obviously everyone will go buy theses coins like crazy. I think people will go for the coins from the countries who are highly developed one, for example; USAcoin as you said. This coin might just bring up more customers than anyone else in the market as people will have more trust on their government and development aspect. May be this is the way everything will get divided in that crypto sphere.  Cheesy
Mapalast
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June 01, 2018, 11:42:11 AM
 #104

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

What makes btc decentralized then?? Its just the same with currency today. What differenciate them is just the type whether it is fiat or coins
Icoalert00
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June 01, 2018, 11:54:56 AM
 #105

It will be good into another country because they will have the right to own a cryptocurrency it will be legal in their country to make investment to specific tokens in market and they will now about CRYPTOcurrency. I guess it will not be expensive they will think of it for sure for the family that will try to invest even they are not wealth enough.

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saifanik
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June 01, 2018, 12:01:48 PM
 #106

If each country has it's own crypto currency,there will undervalued their national money.There will overflowing of digital money and current money.Every country will have value of their own crypto.They will want to induce on international market this will make conflict in the world.

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meanwords
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June 01, 2018, 12:14:25 PM
 #107

We won't really know what will happen if countries do make their own cryptocurrency but we have this plausible theories that might happen. In my opinion, having their own cryptocurrency would signal investors to invest into crypto further atleast the known and trusted ones. It would I think drive the price a little high. But there will always be a downside. Since it is issued by the government itself, it means that they would regulate it enough for the safety of their people.
Harley29
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June 01, 2018, 10:41:34 PM
 #108

America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.
In my opinion, if every country come forward with their own currencies, it will be nothing but a digital for of their paper currencies and there will be still the need to an individual form one country to know about the currency of the other. Bitcoin being one whole entity is an international currency with all its features the same across all the countries and anyone in any country can use the same knowledge upon moving to another. Simple is that.
localcrypto
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June 01, 2018, 11:57:20 PM
 #109

in the coming five years we can see every country will have its own cryptocurrency but country owned currency are centralized coins mostly transparent issued in place of fiat currency
iMark
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June 02, 2018, 01:08:19 AM
 #110

America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.
Lol I see this little bit as a joke, who will make cryptocurrency in every country? government? I think they will not do that, because the government system is different from the crypto financial system, maybe a third party? but even if the coin is made in that country does not mean it is representative of the country, and is not automatically popular in that country
DonateBB
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June 02, 2018, 01:17:09 AM
 #111

It will be good into another country because they will have the right to own a cryptocurrency it will be legal in their country to make investment to specific tokens in market and they will now about CRYPTOcurrency. I guess it will not be expensive they will think of it for sure for the family that will try to invest even they are not wealth enough.
If this happens, it will probably be quite good, and each country will sign the electronic currency the same as their country name, so that when trading is likely to trade faster it will decrease. Reduce costs and time for traders. I hope this will come true soon.
FADI1
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June 02, 2018, 01:25:34 AM
 #112

I dont see how they will gain value. If they dont use them, anyways cryptos always follows the demand and offer so the one with most demand will be the most valuable.
Btcepoy11
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June 02, 2018, 01:39:12 AM
 #113

If it would be happen having cryptocurrecy on thier own country, there will be more things will change in our economy. If it would be happen, we connot  tell who's the most curenccy will be more demandable and high value. It depends how it's government and people accept it, and how worthy of having on that cryptocurrecy.
Coin-1
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June 02, 2018, 02:14:34 AM
 #114

Several moths ago there are the rumors about creating a national crypto currencies of China and Russia. Such questions were discussed by the governments of these countries. In my opinion, if one of the powerful countries creates its own crypto currency, then other countries will create the own crypto currency too. I guess that the powerful countries negotiated to stop the developing of their national crypto currencies, therefore the crypto yuan and crypto ruble are still stayed a rumors.
Zachwolf
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June 02, 2018, 03:07:40 AM
 #115

It will be the same as todays currencies. The expensive one will be the one with the strongest economic development.

Yes every country has their own currency which currently use as of present. It is the traditional currency from their ancient until now. Maybe that's the why some countries do not accepting crypto currency.
IL.Guerreiro
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June 03, 2018, 05:48:37 PM
 #116

we never knows. That will surely be revealed when the ICO running and when the whitepaper paper is present.
zinluzgina
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June 03, 2018, 06:20:20 PM
 #117

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

Good point writer ))) funny, but at the same time I understand that it will be 100%. I heard that Russia is launching in 2019, CryptoRubl, which will equal 1 carat diamond. )))) here is what news.
cryptosluck
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June 03, 2018, 07:38:03 PM
 #118

most of all countries are planning to introduce their own crypto coins in centralized format
Mastsetad
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June 12, 2018, 08:17:56 AM
 #119

I would like to saa that happening, awesome if I would be able to buy anything anywhere for crypto currency relevant here
Dude you don’t even know what you’re saying lol. Take for example that your country’s government produces a cryptocurrency, do you think it will be used to purchase whatever you like from stores? The government will be creating a platform for investment and not what you think it will be. But that’s not going to happen, government is not going to create cryptocurrencies, it’s of no use to them.
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June 12, 2018, 08:25:09 AM
 #120

America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.
USAcoin? well never heard of that and here I thought that Tether is basically USA's coin because it's pegged to USD and there's many more that pegged to USD so it's pretty much digitalized version of USD even if it's unnofficial and have different name
rest assured though, if a country release a cryptocurrency that is 1:1 to their local currency it'll not become speculation tool and investment + trading power will be irrelevant.

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