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Author Topic: G7 countries planning to invest in crypto??  (Read 209 times)
Cybercrypt
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June 29, 2018, 06:19:20 AM
 #21

Major countries may really invest in crypto, but not necessary in bitcoin. There are many new promising blockchain technologies now appearing, and they really may get some government support. But I'm not sure that bitcoin may be attractive to government financial institutions. Maybe just some short investments for some banks.
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June 29, 2018, 06:21:41 AM
 #22

It would have been great if this is backed up with facts and not just a publish on coindesk which is based on personal reasonings. Not ruling out that in Cryptoworld, anything is very very possible but FACT is KEY.
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June 29, 2018, 06:33:44 AM
 #23

Sounds fascinating, after all these bearish market that we have experienced, finally a soothing one have arrived. So if it true then-hope a new ATH will be there for us waiting at the end of the year, or maybe not.

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June 29, 2018, 06:40:07 AM
 #24

I have gone through your article and if what was said there is anything to go by  then the good old days will soon be here again. I  was planing to sell off because the sliding was becoming embarrassing  but  i will wait for a little period to see what happen next month.

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June 29, 2018, 06:45:07 AM
 #25

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/
Can I have a good source because I am not very familiar with G7 countries. Honestly, it is my first time reading an article about this but I am already very familiar with the whales. Imagine the dump they are doing as for now because it has dipped the price of bitcoin i to 5800 USD.

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June 29, 2018, 07:03:58 AM
 #26

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/

The two articles quoted are not entirely correct. While the first article written about 4 days ago was merely a speculation while the other on Coindesk was since December 2017 which was expected to happen considering that was the time when everybody wanted to invest in bitcoin due to the All Time High witnessed at the time. If the news is anything to go by, I expect that they should have finish their planning for six months and invest as planned but of course its not happening. Anyone who invest based on "planning" does so at his own entire risk.

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June 29, 2018, 07:27:04 AM
 #27

there and the absence of G7 will have no effect, I think it's like an abnormal issue, they have an investment plan when bitcoin prices are unstable and prices are down, if only they want to invest, why not at the price of 20k, maybe if it happens , bitcoin dreams penetrate the moon more real.
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June 29, 2018, 07:31:35 PM
 #28

The two articles quoted are not entirely correct. While the first article written about 4 days ago was merely a speculation while the other on Coindesk was since December 2017 which was expected to happen considering that was the time when everybody wanted to invest in bitcoin due to the All Time High witnessed at the time. If the news is anything to go by, I expect that they should have finish their planning for six months and invest as planned but of course its not happening. Anyone who invest based on "planning" does so at his own entire risk.

The whole thing is pure speculation.
Countries can't invest in something like the average Joe

Who will buy those coins, the central banks are the only ones that can purchase debts or make investments in bonds or gold, the government can't just allocate funds from the budget for buying cryptos.
And to do that they would have to deal with legislation, send the laws to the parliament or congress or whatever depending on which G7 country where talking. If any kind of move like that would be even planned we would have heard about it already.

Pure and old and outdated speculation....unfortunately.


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July 12, 2018, 08:03:28 AM
 #29

Where is your information coming from? Can you please provide an accurate source so that we can know more? Thank you
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July 12, 2018, 08:20:10 AM
 #30

When the government looks at the world of cryptocurrencies, the future of the cryptocurrency market becomes more difficult to predict, and they may join the market. This is the best kind, and the price of all currencies will rise. It is also possible that they will introduce some policy restrictions....
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July 12, 2018, 09:19:44 AM
 #31

June 8-9, 2018 Canada held the forty-fourth G7 summit. Leaders of the 7 most successful countries met there, they discussed important topics in the field of economy, investment, civil rights, the climate of our planet, including the topic of crypto-conversions.
How are things now in the banking sector?
Today the central banks of the Big Seven are traditional traders who buy and sell the same currency, the Central Bank, SDR (special drawing rights), gold.
They adhere to a specific investment policy that has generally accepted principles for asset allocation:
first place should be liquidity;
on the second, security;
and only then - profitability.
The purpose of the Central Banks is to manage, coordinate and serve the foreign reserves of the country. The number of such reserves in the country determines its ability to meet its debt obligations. The depth of the national reserve also helps to express the overall financial and economic stability of the country.
The G7 countries are linked on several fronts, including areas of politics, finance, as well as trade transactions and agreements. Their monetary reserves consist of the currencies of those countries that are members of the G-7.
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July 12, 2018, 09:25:47 AM
 #32

Well I wish to see the evidence of any speculation or fact come into the market. I know people are beginning to have hope again that we might see a bullish market emerge but so far and each time since January when the market crashed, we have been loaded up with disappointment after disappointment. I will only feel excited when I see Bitcoin reach to 20k USD and beyond and the market cap surpasses one trillion USD, THEN I might believe in the news stories that pop up here and there. So far the FUD stories and news has taken precedence over any good news.


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July 12, 2018, 09:32:44 AM
 #33

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/
It is a good news. More will invest here so we will expect a bullrun hopefully. Well nothing will lost if we believe in this but let us all be hopeful and pray that bullrun will happen soon.
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July 12, 2018, 09:43:50 AM
 #34

We do not need to make prediction base on impulse. Let us allow the G7 countries to publicly make declaration of investing in crypto before we can conclusion. Even though G7 do not invest there will still be a bull run of crypto before the will end.

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July 12, 2018, 10:09:04 AM
 #35

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/
Is the information credible, is the information from the government or the news provided by the journalists. I do not believe in tabloid information from journalists. It is very exaggerated to view the sentence. However, if that is true then it is great information
Herbys
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July 12, 2018, 10:19:54 AM
 #36

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/
The IMF made its currency, which would not depend on anyone, but this currency is pegged to the dollar and serves to make a profit by providing funds on credit (get their percentage per annum), countries that are experiencing problems and are close to defaulting.
As for the G7 summit and the history of the signing of the communique, I doubt that any decision has been taken about crypto.
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July 12, 2018, 10:26:40 AM
 #37

This is the kind of news we expect in this forum. This is the news that will start the rally we are expecting towards the end of the year. If the G7 invest in crypto  it is a sign of endorsement and acceptance.

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July 12, 2018, 10:28:06 AM
 #38

To me, many countries have started to look at crypto money. Soon develops in this regard.

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July 12, 2018, 10:29:30 AM
 #39

I dont think so. They discussed various aspects of the crypto market. Market is not regulated - for G7 impossible to participate on that.
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July 12, 2018, 10:36:43 AM
 #40

Until an official announcement is made, this is just rumors for now. At the last G& summit, yes there was the conclusion to discuss cryptocurrency and bring forth suggestions especially in relation to regulations. I do not see any direct investment in cryptocurrency from these nations any time soon. At best, for now, it would be investment geared towards testing blockchain technology as a whole,



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