BRICS isn't made to be against Bitcoin but they're focusing on the de-dollarization and only one opponent which is the US and its US dollars. There is no manipulation for Bitcoin just because of this allegiance.
Maybe the thought that's being built is because Bitcoin's price is being tallied with the USD. Thus, the price of Bitcoin can be manipulated because of the BRICS.
But wherever I look at the point, there's no essence for them to manipulate Bitcoin. This is like an alliance that has been there planned for a long time and it's just been made into reality this year.
Topic: New currency from BRICS countries - page 4. (Read 1095 times)
Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
As I can see all these things to manipulate BTC right? What are your thoughts about this?
I haven't read or seen any news related to the creation of a new currency, I have only come across the case of using and adopting Bitcoin as the general currency. They have all decided to dump the dollar for good
Well, even if they get to create a new currency in between, Bitcoin can not be manipulated. There's no difference from the currency and the fiat currency. In times of financial woes and crises Bitcoin will definitely stand out regardless.
actually this news has been very popular in all media, and this is not a threat to bitcoin but a big threat to the dollar because with the presence of a new currency the dollar will definitely be abandoned and this becomes a new economic competition for the country, and can weaken the dollar, BRICS is a country that is indeed very influential so this is a way to free yourself from the dominance of the dollar, And this will not affect Bitcoin because Bitcoin is not one of the legitimate currencies for now, so its value remains safe and there will definitely be another increase.
The BRICS is indeed quite shocking the world with their economy which is even getting stronger. Even the BRICS Members will probably add more. Even from the Twitter account page @BRICSinfo, I got information that there are about 15 more countries that are interested in joining BRICS. Even Saudi Arabia and the United Arab Emirates which have strong economies also seem to be on the list. This will certainly further strengthen BRICS' position in the global economy. Especially China and Russia which have more influence there. But all this seems to prove that China is really serious about competing with America in terms of the economy. A weaker dollar may one day occur. but I don't think in the near future. because America also has a very strong economic power. so defeating the US Dollar is the hardest thing for any country.Sourch: https://twitter.com/BRICSinfo/status/1678069729431285762?s=20
Twitter is of course the most reliable source of the most real information
One simple question - can you find and show everyone here the information - the exchange rate of all currencies, of the BRICS member countries, against the dollar, which they are "effectively fighting". A graph for the last 3 months ?
When you find it, and very probably you will not want to publish it, you will realize that the fairy tale about "BRICS is really shocking the world with its economy, which is even getting stronger" is a fairy tale !
Unfortunately many people see the "public", "advertising" side of BRICS, but not everyone BEFORE they realize what China is really doing, with its "anti-western friends". And I don't understand yet - where it will lead to ! The problem is that when the veil comes off - these "friends" will be in a very difficult position. At the same time, China is really MONOPOLIZING and will CONTROL the economy of its "friends". Or rather "guinea pigs"
And of course you also have the right references or information so you can come to this one conclusion.
"you will realize that the fairy tale about "BRICS is really shocking the world with its economy, which is even getting stronger" is a fairy tale !
It’s exciting to see countries challenging the US as a reserve currency. I think maybe some have had enough of being bullied by America. This could even be bullish for bitcoin because the US may look to hedge somewhere to try & fight back to preserve their status. Interesting times ahead I believe.
The BRICS is indeed quite shocking the world with their economy which is even getting stronger. Even the BRICS Members will probably add more. Even from the Twitter account page @BRICSinfo, I got information that there are about 15 more countries that are interested in joining BRICS. Even Saudi Arabia and the United Arab Emirates which have strong economies also seem to be on the list. This will certainly further strengthen BRICS' position in the global economy. Especially China and Russia which have more influence there. But all this seems to prove that China is really serious about competing with America in terms of the economy. A weaker dollar may one day occur. but I don't think in the near future. because America also has a very strong economic power. so defeating the US Dollar is the hardest thing for any country.
China and Russia are not doing as well as you think they are. China has one of the all time worst real estate bubbles (like 2008 USA one) which is hurting their economy right now, this is not an attack on china or anything, it happens to anyone and even USA had the worst economy they had during 2008 so it is normal and not a way of diminishing their power, it is just that they are on a terrible period right now, I am sure they will get better one day but that's not today.Russia has the war situation of course and their ruble is getting less and less valuable as we have seen, it is worst than before the war and was even worse for a while. So when you combine those two together, you get China and Russia not being those giant economies they were.
....
Instead, BRICS members Brazil, Russia, India, China and South Africa are pushing for more bilateral trade in local currencies. They are not ready to challenge the global dominance of the dollar.
....
Instead, BRICS members Brazil, Russia, India, China and South Africa are pushing for more bilateral trade in local currencies. They are not ready to challenge the global dominance of the dollar.
....
...But so far they can't even establish settlement in any other currency than the yuan. Which China really needs
Attempts to trade in rupees have failed, Russia for example has not yet received a noticeable part of the proceeds for the sold oil. Nothing is heard about other currencies ... You see, how interesting it turns out - all participants WANT to trade for their currencies, but... it turns out only for yuan and without the right to exchange it for normal currencies like dollar, euro, yen,.... What went wrong in such a powerful union with such strong players? I think it's some kind of magic And most importantly, I wonder who benefits from it? No one can tell me ? 
The BRICS is indeed quite shocking the world with their economy which is even getting stronger. Even the BRICS Members will probably add more. Even from the Twitter account page @BRICSinfo, I got information that there are about 15 more countries that are interested in joining BRICS. Even Saudi Arabia and the United Arab Emirates which have strong economies also seem to be on the list. This will certainly further strengthen BRICS' position in the global economy. Especially China and Russia which have more influence there. But all this seems to prove that China is really serious about competing with America in terms of the economy. A weaker dollar may one day occur. but I don't think in the near future. because America also has a very strong economic power. so defeating the US Dollar is the hardest thing for any country.
China and Russia are not doing as well as you think they are. China has one of the all time worst real estate bubbles (like 2008 USA one) which is hurting their economy right now, this is not an attack on china or anything, it happens to anyone and even USA had the worst economy they had during 2008 so it is normal and not a way of diminishing their power, it is just that they are on a terrible period right now, I am sure they will get better one day but that's not today.Russia has the war situation of course and their ruble is getting less and less valuable as we have seen, it is worst than before the war and was even worse for a while. So when you combine those two together, you get China and Russia not being those giant economies they were.
Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
I don't think so this will happen, BRICS isn't that big and that United organization that it can create it's own currency. Especially India and China Don't have those sweet relationships as well. Also even if for a second imagine it's true, this will not be because they want to manipulate bitcoin, it'll be because they want to counter the dominance of dollar and Euro in the world. So i don't think this is effecting bitcoin.As I can see all these things to manipulate BTC right? What are your thoughts about this?
Instead, BRICS members Brazil, Russia, India, China and South Africa are pushing for more bilateral trade in local currencies. They are not ready to challenge the global dominance of the dollar.
In my opinion, the implementation of this project is not as easy as it should be. This is probably due to the dominance of the dollar in the first place, since most of the BRICS countries do not have an interest in entering into a direct confrontation with the United States, and for various other economic reasons.
There are a number of difficulties in introducing this currency. For example, whose currency will have the largest share. At the moment, this role is claimed by the yuan, but whether other countries will agree to it. As far as I know, India is not entirely happy with the proposed conditions
So far, there is no information about any new currency for the BRICS countries. Moreover, the very financial bodies of this organization still object even to the planning of issuing a new currency to serve this economic union of states. Therefore, this is still nothing more than talk that has no serious grounds. Judging by the fact that this group of countries does not include the most developed countries, they will not give up some strong influence on the world economy. But everything will depend on the format in which these countries will work and what their goals of cooperation will be.
If we imagined that countries that have practically nothing in common, except for an ancient article that used the acronym BRIC, create a common digital currency, then why? None of these countries has expressed a desire to abandon the national currency in favor of any other, moreover, they are now actively engaged in the regulation of their own currencies. There were no global decisions on the part of the entire BRICS, it is still bilateral relations between different countries. Accordingly, it is clear that there are no real prerequisites for such a common currency to succeed, so it would hardly be created. No need.
Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
I don't think so this will happen, BRICS isn't that big and that United organization that it can create it's own currency. Especially India and China Don't have those sweet relationships as well. Also even if for a second imagine it's true, this will not be because they want to manipulate bitcoin, it'll be because they want to counter the dominance of dollar and Euro in the world. So i don't think this is effecting bitcoin.As I can see all these things to manipulate BTC right? What are your thoughts about this?
That would be pretty impossible for it to happen and we are not going to see something like this.
I am not saying that BRICS can't do that , but it is obvious that it would require a wealth that would be insanely difficult to break and even with EURO in this case, Germany has provided so much just to keep the power, and it was definitely the wrong move without a doubt, if they stayed with Mark then they would have been more powerful alone, and yet they wanted to make the whole Europe more powerful together, so Germany had to be less powerful just to make nations like Italy and Greece more powerful, hell Greece bankrupted a million times and saved so many times just because of this like a spoiled child. This won't work as an idea, so it has nothing to do with BRICS.
I am not saying that BRICS can't do that , but it is obvious that it would require a wealth that would be insanely difficult to break and even with EURO in this case, Germany has provided so much just to keep the power, and it was definitely the wrong move without a doubt, if they stayed with Mark then they would have been more powerful alone, and yet they wanted to make the whole Europe more powerful together, so Germany had to be less powerful just to make nations like Italy and Greece more powerful, hell Greece bankrupted a million times and saved so many times just because of this like a spoiled child. This won't work as an idea, so it has nothing to do with BRICS.
The idea of the EU was precisely to unite the different-level economies of the Union countries for deeper integration, lower costs, and transition to common rules and standards. Yes, Germany, in the first place, took on the responsibility of actually "maintaining" some countries. But the expectation was that they would correctly evaluate the assistance and support and raise their economies to EU standards.
Greece is a great example you have given. Please do not take offense to the residents of Greece - but... Being a country with an ancient history, which has given the world so much useful things, having a very good economy, and suddenly go to the status of a "kept woman" of the EU?! I understand perfectly well that the basis lies in the populism of the government, when many billions of dollars were invested not in the economy, its development, but in pensions, salaries, all sorts of allowances, surcharges and other ineffective spending of money. You have simply - wasted them! Now there are huge debts, distrust, and "crooked views" ...
That would be pretty impossible for it to happen and we are not going to see something like this.
I am not saying that BRICS can't do that , but it is obvious that it would require a wealth that would be insanely difficult to break and even with EURO in this case, Germany has provided so much just to keep the power, and it was definitely the wrong move without a doubt, if they stayed with Mark then they would have been more powerful alone, and yet they wanted to make the whole Europe more powerful together, so Germany had to be less powerful just to make nations like Italy and Greece more powerful, hell Greece bankrupted a million times and saved so many times just because of this like a spoiled child. This won't work as an idea, so it has nothing to do with BRICS.
I am not saying that BRICS can't do that , but it is obvious that it would require a wealth that would be insanely difficult to break and even with EURO in this case, Germany has provided so much just to keep the power, and it was definitely the wrong move without a doubt, if they stayed with Mark then they would have been more powerful alone, and yet they wanted to make the whole Europe more powerful together, so Germany had to be less powerful just to make nations like Italy and Greece more powerful, hell Greece bankrupted a million times and saved so many times just because of this like a spoiled child. This won't work as an idea, so it has nothing to do with BRICS.
actually this news has been very popular in all media, and this is not a threat to bitcoin but a big threat to the dollar because with the presence of a new currency the dollar will definitely be abandoned and this becomes a new economic competition for the country, and can weaken the dollar, BRICS is a country that is indeed very influential so this is a way to free yourself from the dominance of the dollar, And this will not affect Bitcoin because Bitcoin is not one of the legitimate currencies for now, so its value remains safe and there will definitely be another increase.
The BRICS is indeed quite shocking the world with their economy which is even getting stronger. Even the BRICS Members will probably add more. Even from the Twitter account page @BRICSinfo, I got information that there are about 15 more countries that are interested in joining BRICS. Even Saudi Arabia and the United Arab Emirates which have strong economies also seem to be on the list. This will certainly further strengthen BRICS' position in the global economy. Especially China and Russia which have more influence there. But all this seems to prove that China is really serious about competing with America in terms of the economy. A weaker dollar may one day occur. but I don't think in the near future. because America also has a very strong economic power. so defeating the US Dollar is the hardest thing for any country.Sourch: https://twitter.com/BRICSinfo/status/1678069729431285762?s=20
Twitter is of course the most reliable source of the most real information
One simple question - can you find and show everyone here the information - the exchange rate of all currencies, of the BRICS member countries, against the dollar, which they are "effectively fighting". A graph for the last 3 months ?
When you find it, and very probably you will not want to publish it, you will realize that the fairy tale about "BRICS is really shocking the world with its economy, which is even getting stronger" is a fairy tale !
Unfortunately many people see the "public", "advertising" side of BRICS, but not everyone BEFORE they realize what China is really doing, with its "anti-western friends". And I don't understand yet - where it will lead to ! The problem is that when the veil comes off - these "friends" will be in a very difficult position. At the same time, China is really MONOPOLIZING and will CONTROL the economy of its "friends". Or rather "guinea pigs"
actually this news has been very popular in all media, and this is not a threat to bitcoin but a big threat to the dollar because with the presence of a new currency the dollar will definitely be abandoned and this becomes a new economic competition for the country, and can weaken the dollar, BRICS is a country that is indeed very influential so this is a way to free yourself from the dominance of the dollar, And this will not affect Bitcoin because Bitcoin is not one of the legitimate currencies for now, so its value remains safe and there will definitely be another increase.
The BRICS is indeed quite shocking the world with their economy which is even getting stronger. Even the BRICS Members will probably add more. Even from the Twitter account page @BRICSinfo, I got information that there are about 15 more countries that are interested in joining BRICS. Even Saudi Arabia and the United Arab Emirates which have strong economies also seem to be on the list. This will certainly further strengthen BRICS' position in the global economy. Especially China and Russia which have more influence there. But all this seems to prove that China is really serious about competing with America in terms of the economy. A weaker dollar may one day occur. but I don't think in the near future. because America also has a very strong economic power. so defeating the US Dollar is the hardest thing for any country.Sourch: https://twitter.com/BRICSinfo/status/1678069729431285762?s=20
actually this news has been very popular in all media, and this is not a threat to bitcoin but a big threat to the dollar because with the presence of a new currency the dollar will definitely be abandoned and this becomes a new economic competition for the country, and can weaken the dollar, BRICS is a country that is indeed very influential so this is a way to free yourself from the dominance of the dollar, And this will not affect Bitcoin because Bitcoin is not one of the legitimate currencies for now, so its value remains safe and there will definitely be another increase.
Can you explain the phrase "because with the presence of a new currency the dollar will definitely be abandoned and this becomes a new economic competition for the country" ? I remember - there was a new, quite strong currency EURO.... backed by a stable European economy and many other things. И... nothing happened, nobody abandoned the dollar en masse and switched to the Euro. And here is BRICS, a collection of, to put it mildly, not the most advanced economies, plus it includes outright pariah countries. And who's going to believe in their currency?! Are you serious?
The smartest BRICS members - China and India - are not going to give up the dollar at all
Please explain why anyone should change the dollar to the yuan ? Very interesting to hear !
actually this news has been very popular in all media, and this is not a threat to bitcoin but a big threat to the dollar because with the presence of a new currency the dollar will definitely be abandoned and this becomes a new economic competition for the country, and can weaken the dollar, BRICS is a country that is indeed very influential so this is a way to free yourself from the dominance of the dollar, And this will not affect Bitcoin because Bitcoin is not one of the legitimate currencies for now, so its value remains safe and there will definitely be another increase.
All true, but there is a nuance. The US will not attack a degraded Russia, because.. It is already being slowly swallowed up by China. Russia is just a bargaining chip in the big geopolitical game of the two major powers. And believe me - for the United States, some kind of counterbalance is always needed: this holds back both sides, and it is beneficial for the United States itself - there is always someone to "write off the budget" to. Think a little wider than populist slogans!
Btw you can see the better side and give us a little bit of security. I mean it is true that the United States needs a balance and at the same time becomes a political cycle that is quite hot so that all sides will be very clearly divided. Team A and camp B showed themselves in their respective lines. In addition to geopolitical counterweights, of course this is also tied to how the world economy works. The US will continue to be a competitor that is always a reference for Russia and China, so that it has indirectly shown that US power is not really easy to get rid of in terms of world economic control.It's all about the world economy and the world as a whole, it's better when there is:
- Two poles holding each other back.
- Better honest opponents than dishonest friends. I mean, China, at this point, realizes that stupid confrontation, terror, violence - will not do it any good, and is guaranteed to do it harm. That is why China in 2023 OPENLY declared that there are now two poles of geopolitics in the world - the US and China. China threw Russia out of the international arena.
Plus China is quite dependent on the western market and much more, and they benefit from cooperation, albeit with some economic confrontation. That said, China is much more predictable and honest in terms of its words, promises, commitments and treaties. So the world is "balanced" again, all that is left is to remove a world point of instability and terror in every sense.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
How BRICS manipulates BTC price?As far as I know, BRICS isn't made to influence BTC, it is to strengthen the finances of BRICS countries. If BRICS is getting stronger, it just brings impact on dollars, not on Bitcoin price. Bitcoin has nothing to do with BRICS, Bitcoin will always grow whatever happens in dollars. So, I think we shouldn't be so afraid of BRICS, only people who hold dollars must worry about the issue.
https://www.themoneycloud.com/market-insights/current-events/2015/05/what-does-brics-new-currency-reserve-mean-for-you
Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
As I can see all these things to manipulate BTC right? What are your thoughts about this?
BRICS wants to develop their own currency because they really think that it is time for them to be free from the dominance of the US dollar, in my opinion it has nothing to do with BTC or to manipulate the crypto market, because their main goal is to destroy the dominance of the USD. You can read about it in this article https://cointelegraph.com/news/russia-talks-up-prospects-of-brics-countries-developing-new-currency
This fight is against the dollar and not Bitcoin. I once read that the West Africans wanted to make this move to have one unified currency and it died a natural death because they do not have the political will accomplish it.
Let me see how this will work.
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