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Author Topic: Each country has its own crypto currency!  (Read 3574 times)
Akpuv
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November 07, 2018, 09:48:49 PM
 #301

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's your ideology of singling out this few countries and a corresponding cryptocurrency? Do you actually believe the performance of a national cryptocurrency will be the same as the fiat currencies? It will even surprise you that even the least expected country will have a cryptocurrency with higher value than the ones mentioned. It depends on the citizens attitude towards cryptocurrency.

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kzozenberg
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November 07, 2018, 10:49:18 PM
 #302

I think that development and growth will depend on many factors as in the world economy we are accustomed to. If this happens, we can say there will be a race in the development of the cryptocurrency industry as there was a race in the conquest of space.

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bitcoincitr
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November 07, 2018, 11:31:01 PM
 #303

At present, every country use a virtual version of their own fiat currencies and they centralized. Having a crypto currency by each country is against the idea of decentralization. It will be again a virtual fiat currency.
Andrew Gergeo
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November 08, 2018, 03:16:50 AM
 #304

from my point of view,I don't think that each country should has its own crytocurrency. Instead of that, we should pay attention to develop cryptocurrency to be accepted worldwide, that would be more convenient to use.
AlphaGoo
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November 08, 2018, 03:18:24 AM
 #305

I may be a trend. Resistance coins will issue their own coins. Digital currency is a new way. The government will follow its footsteps. No country wants to be surpassed. When the government's stable currency appears, the cryptocurrency will usher in a second surge.

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November 08, 2018, 04:01:11 AM
 #306

They will still be considered altcoins and conversion centers remain in bitcoin, but I think they will create a special forex market that is not mixed with the coin market outside the altcoin in each country's currency, and can be predicted that usdt (likely for altcoin) will remain acts as the highest center of conversion prices in the crypto forex market.

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OnceTwiceThird
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November 08, 2018, 04:34:47 AM
 #307

Its not good if every country have own crypto currency because will make many kind of altcoin listed at exchange market without have potential growing up, just give space and legal of bitcoin as transaction and currency will make bitcoin and altcoin strong.
iMark
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November 10, 2018, 11:38:22 AM
 #308

No matter how many cryptos each countries have, the one with a better concept among others will always have a better chance of getting its market cap and price pumped basically because more investors will be attracted to it.
but a strong country and large population will certainly have very expensive cryptocurrency, this is very unfair if there is a weak country with a small population, then what about fiat currencies they have? it is impossible for the government to make two currencies circulating in one country right or they will remove their currency ?
Evil eye
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November 10, 2018, 12:14:41 PM
 #309

If each country issues its own cryptocurrency, it will be popular with the people of that country. The coins are associated with the value of their own money. The country's own cryptocurrency value will depend on pricing. For example, if 1 USAcoin is  $ 5, its value will be 5 dollars Bitcoin or other cryptocurrency.
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November 10, 2018, 12:31:53 PM
 #310

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?
Well if they did issuing the cryptocurrency based on central bank i would believe the coin will be a stable coins which the grow would not be really significant, i believe the coins will be much like a forex market.

Kusnechik
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November 10, 2018, 12:32:57 PM
 #311

The purpose of cryptocurrency is to combine the others. Separation by countries will lead to the same inconvenience as with Fiat money.

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Bobby park
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November 10, 2018, 12:54:45 PM
 #312

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?
I think it will not be differentiated in fiat currency. We are using digital currency just to make one digital and tranparent currency which we can use wherever we are in this world. So many people misunderstood the purpose of cryptocurrency and I think we should read more about it.
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November 10, 2018, 02:38:04 PM
 #313

The use of digital money instead of traditional paper money today is indispensable. Blockchain technology and its transparency will be a good candidate for this. It is a long way to go for Crypto to be accepted and put into application by the government. It is new and has a negative impact on the current functioning of the nation and the banking system.
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November 10, 2018, 02:43:39 PM
 #314

when every country has its own cryptocurrency, it can have an influence on other cryptocurrency price movements such as bitcoin, there will be price manipulation which might be a problem in the future.
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November 10, 2018, 02:46:26 PM
 #315

Not gonna disrespect you with the way you pronounced RUSSIA, but sorry sir, I don't think thar countries will even walk into the crypto world since their own currency is enough to supply everyone on that particular country, but if there are countries to be involved and would want to establish their own coin? then I got one thing in mind, it'll definitely be CENTRALIZED, good idea though.
xlmlover
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November 10, 2018, 07:45:44 PM
 #316

will this be applicable? with the properties possessed by crypto, I think the state will rethink to make crypto itself.
mcTether
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November 10, 2018, 07:47:02 PM
 #317

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?
This will be very interesting to see. I wish it can happen let me see how the world powers will also rival each other in crypto.
will2500
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November 10, 2018, 07:49:54 PM
 #318

I think if each cryptocurrency will have the support from the government, then of course any cryptocurrency will have a stable future for development and gradually the demand for any of this cryptocurrency will only increase.
turkandjaydee
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November 10, 2018, 08:02:52 PM
 #319

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?
This will be very interesting to see. I wish it can happen let me see how the world powers will also rival each other in crypto.
Actually this is something I imagine would happen if the government supported cryptocurrency or want to make cashless currency. But of course it will be regulated or even centralized.
alex_gr_cc
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November 10, 2018, 08:21:37 PM
 #320

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?


It all depends on what these cryptocurrencies will be provided with. Growth will depend on it. If these currencies are provided by the economies of each country, then this is essentially nothing more than a digital version of their fiat currencies. That is, we get the same rate as in the usual foreign exchange market.

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