Topic: A coin issued by some country government - would you go for it? - page 4. (Read 960 times)
if the coin is very useful for the people and can be a solution of the existing economic and financial mkaa coin will surely be supported.
It's a big no. People are here supporting bitcoin because they want decentralized currency. It brings no change if a country launches it's own crypto currency, that should be treated as a traditional currency the only difference will be that it will be a digital one.
The drawbacks I see is an economic structure will be destabilize, also crypto is not meant to run a country economy. We saw Cryptocurrency launched by institutions have no future. They are promoted and given a hype in the market but they can't maintain that level as the other decentralized coins are marking their success in the market.
The drawbacks I see is an economic structure will be destabilize, also crypto is not meant to run a country economy. We saw Cryptocurrency launched by institutions have no future. They are promoted and given a hype in the market but they can't maintain that level as the other decentralized coins are marking their success in the market.
Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
Most likely, we can only be interested in the centralized country's crypto currency. It will be like more convenient use of national money. Centralized crypto currency of another state is unlikely to be necessary if we just do not intend to visit this particular country. Therefore, it seems to me that centralized crypto currency will play a certain positive role. In addition, such a crypto currency will help restore confidence in the decentralized crypto currency. 
Of course, it depends on which government would support that coin, because if it is my government I doubd, that would go into it!
No matter the government that is creating the coin, there is nothing actually there to go for. Sure, I may still be trading it just the same way I trade Forex and that may actually bring about a better way to trade. However, we also need to remember that there is actually no way it would not be centralized and controlled, so holding it would really not bring about anything different from the fiat we have been holding all our lives.It would just be the same as holding fiat then because it would centralized and controlled by the government. It may use the blockchain technology but it would be controlled then and holding it for investment purposes would not be worth it if you intend to make it as long term investment. It would be pegged to the fiat currency of the government. If I intend to invest in a cryptocurrency then it would be decentralized just like the cryptocurrencies now and maybe issued or have some partnership with reputable companies.
Some point it say it is an assurance that when you invest your money in this coin will be high, since they will do a lot of fund raising to make the project successful because when we say 'national' coin it is a big responsibility since this represent a country and its economy so you will not jus play around... and you need to be engaged on serious business.
If country issues a coin that will restrict that coin to its own country because they oppose the decentralized currencies and if they want to open it for the world then they will be making it decentralized because this currency will not survive in other countries as other countries have also restrictions, they want to make their own currency better. I suggest decentralized currencies and moreover the valuable one as this is open everywhere. However a government will benefit in its own country if issues its own coin.I would buy some just to support the government but I do not think that it can as much successful as bitcoins. Most of the crypto investors will trust only old and reliable coins.
Good idea.It's not really bad to invest even a small amount into a crypto coin issued by a government since most of the people will be heading for it.But i won't leave my investments in bitcoin because it's a sure thing that i can gain huge profit compared to a newly invented crypto coin which has no assurance that it will really lasts even a year or two.Of course, it depends on which government would support that coin, because if it is my government I doubd, that would go into it!
No matter the government that is creating the coin, there is nothing actually there to go for. Sure, I may still be trading it just the same way I trade Forex and that may actually bring about a better way to trade. However, we also need to remember that there is actually no way it would not be centralized and controlled, so holding it would really not bring about anything different from the fiat we have been holding all our lives.
I will invest in the cryptocurrencies issued by some big countries, such as the United States, Britain, Germany, France, etc.
In these countries, economic and political development is good and credit is guaranteed! The prospect of cryptocurrency is certainly good!
In these countries, economic and political development is good and credit is guaranteed! The prospect of cryptocurrency is certainly good!
Yes, definitely I’ll buy it. I mean obviously I will anticipate first its potential, the idea, how it works and everything, but since it will be issued by government there will lot of advantages. The coin will remain stable since it is backed by government. There will be less pumps and dumps and more profits. So we would be able to invest in that coin more confidently without fearing much about uncertainties.
I want to assume you guys are missing the whole point here ?If you are for centralization and you prefer less volatility, then, why are you here in the first place and why are you not holding all your funds in your currency instead ?
We are talking about centralized currency that is controlled, and obviously Central Bank will be making all the decisions, so why on earth would I want to invest in something that never worked out well in the past in the first place with all the manipulations and monopolies.
Because value is relative.
A centralised currency issued by say the Swiss is definitely something of value as it may hold it's own against other currencies and against bitcoin.
(Since the start of the year the dollar has done well against bitcoin!)
Yes, definitely I’ll buy it. I mean obviously I will anticipate first its potential, the idea, how it works and everything, but since it will be issued by government there will lot of advantages. The coin will remain stable since it is backed by government. There will be less pumps and dumps and more profits. So we would be able to invest in that coin more confidently without fearing much about uncertainties.
I want to assume you guys are missing the whole point here ?If you are for centralization and you prefer less volatility, then, why are you here in the first place and why are you not holding all your funds in your currency instead ?
We are talking about centralized currency that is controlled, and obviously Central Bank will be making all the decisions, so why on earth would I want to invest in something that never worked out well in the past in the first place with all the manipulations and monopolies.
Some point it say it is an assurance that when you invest your money in this coin will be high, since they will do a lot of fund raising to make the project successful because when we say 'national' coin it is a big responsibility since this represent a country and its economy so you will not jus play around... and you need to be engaged on serious business.
If country issues a coin that will restrict that coin to its own country because they oppose the decentralized currencies and if they want to open it for the world then they will be making it decentralized because this currency will not survive in other countries as other countries have also restrictions, they want to make their own currency better. I suggest decentralized currencies and moreover the valuable one as this is open everywhere. However a government will benefit in its own country if issues its own coin.I travel sometimes and if this coin will be issued by some country I love - I will go for it, why not? Don't see anything from with that.
If such a cryptocurrency existed and you are planning to use it immediately there is nothing wrong with it, but the big problem is if you want to use that cryptocurrency like an investment, you just need to look at all the inflation going on around the world and all of it is caused by governments printing too much of their currency, which is what we are trying to avoid in the first place by using coins like bitcoin. Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
If our country would have it's coin , I think the government would still put some tax in it. It would be hard because it would be manipulated by the government. I would still choose bitcoin over any other coins because I am sure that it won't fail any of us.
You can see the Tether (USDT) in coinmarketcap, this is the first cryptocurrency made by the government. If you look at Tether price movements more suitable for trading, but for long-term investment, I do not believe it will have a high price like another cryptocurrency that has a decentralized system.
Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.
Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.
Agreed, it give users the trust of long lasting. One can make a very minimal profit investing on this, maybe through trading can earn little more which is also quite a hard thing to achieve as these assets won't be varying big in terms of margin. Large volume trading could get a small earning as the fluctuating margin is small. Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.
Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.
You can see the Tether (USDT) in coinmarketcap, this is the first cryptocurrency made by the government. If you look at Tether price movements more suitable for trading, but for long-term investment, I do not believe it will have a high price like another cryptocurrency that has a decentralized system.
Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.
Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.
Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.
Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.
I think.. anyway, it's going back to bitcoin when talking about crypto linked to the country, Bitcoin will stay on top because I think it has a prolonged, more strongest role in many places.
After all, I do not think each country will really have to make sure to have their own crypto coins, this only happens on many certain projects I guess and then supported by the country.
After all, I do not think each country will really have to make sure to have their own crypto coins, this only happens on many certain projects I guess and then supported by the country.
if the government has a coin that is very useful for the people and can be the right solution and can provide a lot of benefits for those who have the coin, when the coin can be like that then I will buy but if not profitable maybe I will not buy it.
People mostly goes for the profit. They don’t want to know to whom this coin does belongs. They often don’t get to know the developing team and their projects as well. Although this isn’t right for them but still they only inquire about the coin and profit ratios for it. And on such basis they decide whether to go for this coin or not. So if governments make or not, coin must be profitable.
I would not have invested or supported the national crypto currency, because it will not be anonymous and for other reasons. But as most countries have already said, they will not issue a national crypto currency,
nah, all crypto currencies should be open for the world, it is decentralised thing, so we have a new way to make a new world, with a new economic model, with new progressive system of government, the national coin is the way to contol it by its country
This is good suggestions all coins should be free t use and government should not compel all people to use the coin of their choose, I think we should request our government to leave the option for people of the country to choose what they like, this way I think there will be peace and good crypto atmosphere and everyone will be free to use currency of their own choice as specially the crypto currency is decentralized and no one is bound to have it, for me bitcoin is the best option.
I think, this is only good for government, and it will be not so popular in the world. The price for taxes can be big opposite to others on the market.
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