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Topic: Each country has its own crypto currency! - page 18. (Read 3620 times)

sr. member
Activity: 686
Merit: 277
October 15, 2018, 03:04:06 AM
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 all countries should have their own cryptocurrencies, I think the USA coin will have higher price than others cause they are currency is the leading currency in the world. But if that’s to happen, I don’t think it will be decentralized like the real cryptocurrencies we are seeing now, they are going to be centralized I guess, and only those living in the country will be investing in their country’s coin.
jr. member
Activity: 196
Merit: 1
October 14, 2018, 12:31:36 PM
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 don't support the idea of every country owning its own cryptocurrency. But if by peradventure it happens, I believe the USAcoin will be more expensive because of a possible more publicity coverage.
member
Activity: 224
Merit: 10
October 14, 2018, 12:21:12 PM
I think it really depends on how those coins would be made and managed. But definitely coins of China, USA, Japan, GB would be popular initially.
hero member
Activity: 1078
Merit: 501
October 14, 2018, 11:05:06 AM
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?

In my opinion, I think it is impossible for every country have a coin because it will only lead to confusion of people in the proper and correct coins and how to exchange it to their currency. Also, if ever that would happen the price of it is ofcourse depends on the market of the cryptocurrency.
Yeah it will be a little harder but we know every country is now using different local currencies and it will remain the same for years, so the one thing that we found common in every country is bitcoin currency, almost all countries are using bitcoin as currency and they are buying all kind of goods with it, people are trading and investing with bitcoin from country to country, so it has the best higher value all over the world.
sr. member
Activity: 1492
Merit: 269
October 13, 2018, 10:47:59 PM
What for every country have own coin, its look not so good for the country it self, all of country could allowed for using bitcoin or altcoin as legal transaction without have created their own coin.
newbie
Activity: 10
Merit: 0
October 13, 2018, 10:01:40 PM
I think it will happen to discrimination. The difference between co-cryptocurrency leads to speculation or exclusivity. There is control in different directions.
member
Activity: 700
Merit: 10
October 13, 2018, 08:44:03 PM
Government cryptocurrency will be controlled by government on the value and the supply, so i dont think the price of government crypto will be expensive. Different with decentralized cryptocurrency, the supply is limited and there is no authorities can control it
jr. member
Activity: 294
Merit: 1
October 13, 2018, 06:01:23 PM
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?
The price of the coins will most likely be in accordance to the prices of the traditional fiat currency of the countries you have mentioned. GBcoin may still be higher than others.
full member
Activity: 924
Merit: 221
October 13, 2018, 09:43:08 AM
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 does not matter for which country has its own currency. The only thing is that here in cryptocurrency all of the contributors and investors for that coin are earning. Generally if you will going to invest in a certain coin you will be the part of the success of that coin even if you are not living in the country where the coin was being created or the project being implemented.


member
Activity: 357
Merit: 12
October 13, 2018, 09:02:20 AM
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?

In my opinion, I think it is impossible for every country have a coin because it will only lead to confusion of people in the proper and correct coins and how to exchange it to their currency. Also, if ever that would happen the price of it is ofcourse depends on the market of the cryptocurrency.
full member
Activity: 364
Merit: 100
October 13, 2018, 07:46:22 AM
I think that this scenario is possible only in condition that such coins will replace fiat in that countries or if that tokens will be used to work with taxes, tenders etc.
full member
Activity: 640
Merit: 100
October 13, 2018, 04:56:46 AM
What I see is that only Japan (MUFG) and Venezuela (Petro) are active so far, other countries are still concentrated with Fiat, in the end they will become altcoins, just like other crypto ecosystems, but there is one point where USD is no longer decisive prices, all will follow the price of bitcoin.

This is still a debate and a MoU is needed, the G20 negotiations also consider this not very important, but the important thing is that they do not prohibit and continue to conduct periodic studies.
hero member
Activity: 1722
Merit: 528
October 13, 2018, 04:25:49 AM
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?

Im wonder about this one, since the coin is own by the government. It would be many manipulation to the coin becoz you know the government very sly when see something worthy. About the future it self it's depends on how can we use it, if there's no function to the coin at all then its worth nothing.

Many manipulation? I don't think so. If every country made their own fiats cryptocurrencies, it is obvious it will not be a decentralized crypto, it is centralized that also means it is not volatile.

Not volatile because they will be just basing the price of it to their own fiats. The government will not let other people manipulate their currencies since it is the same as their fiat like now. The only difference I am seeing when every country does this is that there will be a lot of efficiency in that certain country when it comes to payments. When you travel you don't need to bring your wallet or your ATM.
sr. member
Activity: 672
Merit: 253
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October 13, 2018, 04:11:12 AM
if each country has its own crypto, I don't think it will make a difference with fiat that has been owned by each country, because of course there will be some types of regulations that will be made as in fiat currency in general, and I think that there will certainly be a central set in terms of financial turnover in the form of crypto and of course if viewed in terms of value it will depend on how advanced the country is in terms of economy.
sr. member
Activity: 1568
Merit: 283
October 13, 2018, 03:26:13 AM
it can happen that each country will issue its own cryptocurrency but this is very difficult because crypto is very different from fiat and they do not have full control of crypto money that is why they might prefer to legalize and provide security facilities and services for cryptocurrency.
We are well aware of the crypto market which is most profitable in the current time though profitable but very sensitive as well. If you treat it according to the rules and principles then you can survive there irrespective of whatever crypto coin it is.

Many countries are using these decentralized coins but many countries are opposing as well. However those who are accepting these coins are in profit and on the track of success.
full member
Activity: 1140
Merit: 103
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October 11, 2018, 07:33:28 AM
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 that someday every country will have their own coin, but with better names Smiley
When all countires will accept cryptocurrency they will make theit own coins.

That is what they do if they want to take control of the cryptocurrency world so they can get involved in the crypto business and gain the benefits from the crypto. But I don't think that their coin will be expensive because they need to compete with the other and they need to proves that their system is better than the other. Everything can happen especially for the government because they have unlimited resources that they can use to show their power to other countries.

For me it's hard for a country to implement their own crypto unless their people will have the interest on buying that coins as part of their holdings. If that country was non education with crypto, I guess their residence will use the dedicated crypto which will boom in the next few months which gathered the interest from traders of other countries.
newbie
Activity: 14
Merit: 0
October 11, 2018, 07:21:56 AM
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?

Im wonder about this one, since the coin is own by the government. It would be many manipulation to the coin becoz you know the government very sly when see something worthy. About the future it self it's depends on how can we use it, if there's no function to the coin at all then its worth nothing.
newbie
Activity: 83
Merit: 0
October 11, 2018, 07:05:03 AM
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 be like fiat money, because still controlled by government. And like current fiat money, its depending on their economic strenght. I think it can not called cryptocurrency because central banks still control the supply and the value
Yeah there will be no difference in fiat and government owned crypto. One country’s people will not use the crypto of any other country. It will not succeed, and I think it will not be acceptable to other countries. Anyway we should not waste our time in personal coins. Bitcoin is enough for the whole country and we should promote bitcoin in the whole world.
newbie
Activity: 105
Merit: 0
October 11, 2018, 04:42:03 AM
I strongly agree, I believe that we will soon see that many countries issue their own stable currency, which is an acknowledgement of cryptocurrency.
newbie
Activity: 56
Merit: 0
October 11, 2018, 01:46:16 AM
I don't think so. They wouldn't care about public sales. What they would do is that inside their country, you can only use the country's crypto currency. This crypto currency will be backed up by the country's GNP. They could always don't ban other crypto currencies but they'll have a tax free system with using their national coin.
None of them will reach to higher since they're not global nor using world wide. Instead of thinking about those crypto currency you should thing about bitcoin and alt. Also you can't buy it nor you can sell it because you have to live there where these coins are using.
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