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Author Topic: G7 countries planning to invest in crypto??  (Read 985 times)
crypto360
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June 24, 2018, 07:43:30 PM
 #1

I can smell the bull run now. Guys G7 the most powerful countries are planning to invest heavily in bitcoin and certainly they are the whales who are dumping the market and creating panic so that they can invest again.

Read my article on steemit for further explanation of the news :

https://steemit.com/bitcoin/@aqreal/the-curious-case-of-not-benjamin-button-but-bitcoin

Added resource I posted in the comment below :

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/
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June 24, 2018, 07:54:09 PM
 #2

So where does your information come from? You make predictions, but what are your sources in which you make them after the analysis? I'm not discounting your though processes, but I would like to know your sources so that the analysis can be recreated. Also, so that noobs can see how you came to this conclusion.

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June 24, 2018, 08:02:49 PM
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Do you have any source to show us? Euronews TV? Because I haven't hear about it.

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crypto360
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June 24, 2018, 08:14:44 PM
 #4

So where does your information come from? You make predictions, but what are your sources in which you make them after the analysis? I'm not discounting your though processes, but I would like to know your sources so that the analysis can be recreated. Also, so that noobs can see how you came to this conclusion.

Read this article as a support to my case, why i feel they are going to invest huge in crypto and our market will go to moon again :


https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/
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June 24, 2018, 08:41:58 PM
 #5

I think that this is a good idea and a huge investment in the future of these countries, because for crypto currency our future
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June 24, 2018, 08:45:45 PM
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So where does your information come from? You make predictions, but what are your sources in which you make them after the analysis? I'm not discounting your though processes, but I would like to know your sources so that the analysis can be recreated. Also, so that noobs can see how you came to this conclusion.
the source of information is very important. especially nowadays more and more beginners who use ino forums as a source of related information about bitcoin news, and maybe some speculation they will follow and if it is a haphazard prediction. it will be bad for beginners
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June 24, 2018, 09:02:44 PM
 #7

So where does your information come from? You make predictions, but what are your sources in which you make them after the analysis? I'm not discounting your though processes, but I would like to know your sources so that the analysis can be recreated. Also, so that noobs can see how you came to this conclusion.

Read this article as a support to my case, why i feel they are going to invest huge in crypto and our market will go to moon again :


https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

I wouldn't invest based on some article from coindesk. They are often spreading rumors and FUD.
I'm an optimist and I think that bear market is coming to an end very soon, but we shouldn't risk the money because of some unconfirmed news. We are still in the lowest price point this year and it doesn't look good.

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June 24, 2018, 09:06:26 PM
 #8

Its a great story but without facts in this case that is all the article is - a story.
You can check my posts which prove im very positive with crypto but I really
cannot see any G7 country (Canada, France, Germany, Italy, Japan,
the United Kingdom, and the United States) openly investing in bitcoin and
Crypto, i would to be proven wrong though.

Ok we have seen Germany being positive towards crypto trading,
and Japan is leading the way with bitcoin but I would like to see some
official statements from these countries.

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June 25, 2018, 07:38:30 AM
 #9

So where does your information come from? You make predictions, but what are your sources in which you make them after the analysis? I'm not discounting your though processes, but I would like to know your sources so that the analysis can be recreated. Also, so that noobs can see how you came to this conclusion.

Read this article as a support to my case, why i feel they are going to invest huge in crypto and our market will go to moon again :
https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

An article by....
Quote
Eugene Etsebeth is a former central banker with the South African Reserve Bank. There, he notably chaired the virtual currency and distributed ledger working group.

The same guy that wrote this piece:
10 Reasons Why Central Banks Will Miss the Cryptocurrency Renaissance
https://www.coindesk.com/10-reasons-why-central-banks-will-miss-the-next-currency-renaissance/
Quote
Internationally the nation-state must get guidance from a multitude of organisations like the G20 or G7, International Monetary Fund (IMF), Bank of International Settlements (BIS), Financial Action Task Force (FATF) and INTERPOL. International coordination often requires prolonged diplomacy and mismatched agendas.

Yeah, highly trustable source...

PS , the article you mentioned is from Dec 2017, from my point of view, the price doesn't quite reflect the "investments" pouring into BTC Grin

I can smell the bull run now.

How does it smell? Having spent a lot of my childhood in the countryside, I doubt it's a pleasant smell  Grin








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June 25, 2018, 07:43:02 AM
 #10

If this turns out to be true then we have a very good coming months as it will be a bulk purchase that will happen and thus will also boost the market for more demand eventually by everyone . So good times ahead .

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June 25, 2018, 08:13:26 AM
 #11

1. the "countries" will never buy cryptos. specially not altcoins. nobody wants to put their money in shit unless you are small time investor wanting to make quick profit from pump and dumps.

2. there is this law in many countries (some of which are among G7) that prohibits banks from investing in any sort of cryptocurrency.

3. you say THEY are dumping to crash the market, that suggests they already are whales with a lot of coins. so why would they want to buy more? they can make a lot more money by just pump and dumping in this area, there won't be any "bull run" if your theory is correct.

4. there is a much easier way of making a LOT more money. and that is creating their own shitcoin. for example something like ETH which already has the bankers behind it and make millions of dollars from its premine/ICO shit and the the follow up pump and dumps.














 

 

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Angela28
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June 25, 2018, 08:20:00 AM
 #12

The g7 event may have a lot of impact on and influence the bitcoin of the promoters of the development of bitcoin that is very optimistic and we can expect much about the conference brought.
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June 25, 2018, 08:26:55 AM
 #13

I can smell the bull run now. Guys G7 the most powerful countries are planning to invest heavily in bitcoin and certainly they are the whales who are dumping the market and creating panic so that they can invest again.

Read my article on steemit for further explanation of the news :

https://steemit.com/bitcoin/@aqreal/the-curious-case-of-not-benjamin-button-but-bitcoin

Added resource I posted in the comment below :

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/
So if that will be the case, bitcoin will become more popular. Since these countries are powerful so it will be a great influence. And it will affect the price of bitcoin and other crypto currency.

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June 25, 2018, 08:27:41 AM
 #14

1. the "countries" will never buy cryptos. specially not altcoins. nobody wants to put their money in shit unless you are small time investor wanting to make quick profit from pump and dumps.

2. there is this law in many countries (some of which are among G7) that prohibits banks from investing in any sort of cryptocurrency.

3. you say THEY are dumping to crash the market, that suggests they already are whales with a lot of coins. so why would they want to buy more? they can make a lot more money by just pump and dumping in this area, there won't be any "bull run" if your theory is correct.

4. there is a much easier way of making a LOT more money. and that is creating their own shitcoin. for example something like ETH which already has the bankers behind it and make millions of dollars from its premine/ICO shit and the the follow up pump and dumps.


You might be actually right on the no.4. It's going to be hard to market bitcoin for mass adaption because of its several issues. It's much easier for them to make another shitcoin where they make much money than giving their money to people who bought btc to sell it on an all time high price.

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June 25, 2018, 08:28:49 AM
 #15

We don't know what they are doing behind the stage but I wouldn't be surprised if these countries decided to invest large amounts of money in cryptocurrency mining. Recently, the profitability of mining went down due to growing difficulty. The only problem is the equipment which is mostly manufactured by only one company.

crypto360
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June 28, 2018, 02:23:39 PM
 #16

1. the "countries" will never buy cryptos. specially not altcoins. nobody wants to put their money in shit unless you are small time investor wanting to make quick profit from pump and dumps.

2. there is this law in many countries (some of which are among G7) that prohibits banks from investing in any sort of cryptocurrency.

3. you say THEY are dumping to crash the market, that suggests they already are whales with a lot of coins. so why would they want to buy more? they can make a lot more money by just pump and dumping in this area, there won't be any "bull run" if your theory is correct.

4. there is a much easier way of making a LOT more money. and that is creating their own shitcoin. for example something like ETH which already has the bankers behind it and make millions of dollars from its premine/ICO shit and the the follow up pump and dumps.

Let’s say for example when the bitcoin was at 10000$ last year they may have bought the bitcoin with huge money and took the price of bitcoin to its ATH and we small investors also bought in FOMO and now they are dumping in 2018 making continuous decrease in its price in 2018. May be they do it every year to make people lose confidence in crypto beacuse they are afraid of its potential .
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June 29, 2018, 04:07:44 AM
 #17

They should. G7 countries are most advanced compared to other countries around the globe. Crypto is another innovation in the history of mankind so they should grab the opportunity to be the first countries to use crypto.
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June 29, 2018, 05:12:27 AM
 #18

nah, bitcoin price is falling for the same reasons that it has fallen all the previous times. there is no conspiracy theory behind it for any country(ies) to enter bitcoin and crash it to enter! it is just the market dynamics combined with the whales manipulation that has been going on for nearly 9 years now.
price rises and falls all the time and sometimes like these days the whales are more active to make more money from these ups and downs so that they can increase their bitcoin wealth.

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June 29, 2018, 06:08:50 AM
 #19

This will really have impact in the success of cryptocurrency as the g7 are trustworthy for been the world leaders who other countries are abiding to....

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June 29, 2018, 06:11:47 AM
 #20

I think it may be right, this market is decided by the big man because it is easy to manipulate. At the current price I think we can buy and keep it for the future
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