BRICS even seems to continue to expand its work and many other countries are interested in BRICS, for example, Saudi Arabia, several countries from Africa and several countries from Asean. And all have the same reason that is about reducing the dominance of the dollar.
Yep, nineteen countries have expressed interest in joining the BRICS group of countries preparing to host the annual summit in South Africa. 
Topic: New currency from BRICS countries - page 7. (Read 1095 times)
The creation of new currencies may not affect bitcoin in any way, as these currencies may simply not be used on cryptocurrency exchanges. new currencies can be used for internal settlements. So I wouldn't get too euphoric about this news. Plans can change repeatedly.
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?
There is no manipulation of bitcoins in relation to the agenda for creating a new currency within the BRICS. They are just trying to no longer depend on the dominance of the dollar. And for now they carry out international trade among the member countries with their respective currencies. But I see that Yuan's domination will develop in the future. but there are also reports that they are developing a digital currency for the BRICS. but China's trade is very broad and even reaches almost all countries. So I feel there will be a lot of use of Chinese Yuan in international trade in the future.As I can see all these things to manipulate BTC right? What are your thoughts about this?
BRICS even seems to continue to expand its work and many other countries are interested in BRICS, for example, Saudi Arabia, several countries from Africa and several countries from Asean. And all have the same reason that is about reducing the dominance of the dollar.
Sourch :
- https://kripto.ajaib.co.id/negara-brics-arab-saudi-brasil-tiongkok-asean-menjauhi-dolar-as/
- https://jogja.tribunnews.com/amp/2023/02/13/bakal-tinggalkan-barat-arab-saudi-minat-gabung-blok-ekonomi-brics
- https://www.google.com/amp/s/amp.scmp.com/comment/opinion/article/3209345/brics-expanding-saudi-arabia-indonesia-and-beyond-holds-promise-challenges-remain
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 don't think the idea behind this new currency is to manipulate Bitcoin. I'm also pretty skeptical regarding all these artificially created currencies. USD will die eventually and cease being a global reserve currency, but it has to die of natural causes so to say, any artificial new currencies are destined to fail. I guess they're doing this simply because they can't agree on which of their national currencies will be used as a reserve currency (Yuan or Ruble?)
I answer your question. And my answer will be the only correct one
And you can very easily check it now, and finally make sure - well, somewhere in 1-2 years.The only currency of China's BRICS guinea pig club will be... Let's think about it?? There will be... Drumroll!!!!! YUAN!
And only he!The reason is extremely banal. If some time ago, BRICS was considered as a kind of union of countries that cannot get into the big leagues, but supposedly want to be one. But now, in connection with the policy and problems of China, China has decided to solve its problems "by proxy". Or rather, other people's wallets, the countries that he manages to very cleverly manipulate
I will not paint about the problems of China, I am sure that everyone who discusses the BRICS and currencies here is well aware of the difficult situation in the Chinese economy. If you don’t know, I’ll tell you, give the numbers, and explain why China is using a “pillow” of country fools who will soon become “slaves of the yuan”.
Although I doubt the power of BRICS to unseat the dollar as the dominant currency globally underestimating this alliance might have some consequences. China has the second economy in the world and it has succeeded to attract other key economies like India and Russia. These nations can give the US and its partners a good economic fight.
When you talk about slavery, the US and its partners have been the slave masters of many developing nations. The US have weaponized SWIFT and the dollars and used them to manipulate the economy of many nations. The economies of some nations have been devastated by certain sanctions and restrictions placed by the US and its allies because such nations refused to accept an imposed policy. It will be a good experiment to have two slave masters so that nations can choose the lesser evil out of the two evils.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
How come creation of a new currency will manipulate bitcoin at all? BRICS countries will start reducing their dependency on the US dollar for international trade. That's what the aim of the new currency. It's definitely beneficial for these countries.
Not sure how you see it as a competitor or a potential manipulation tool? Can you explain your stand please? Because this new currency are not meant for the common people like you and I. It's purely an institutional money with very specific use cases.
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 answer your question. And my answer will be the only correct one
And you can very easily check it now, and finally make sure - well, somewhere in 1-2 years.The only currency of China's BRICS guinea pig club will be... Let's think about it?? There will be... Drumroll!!!!! YUAN!
And only he!The reason is extremely banal. If some time ago, BRICS was considered as a kind of union of countries that cannot get into the big leagues, but supposedly want to be one. But now, in connection with the policy and problems of China, China has decided to solve its problems "by proxy". Or rather, other people's wallets, the countries that he manages to very cleverly manipulate
I will not paint about the problems of China, I am sure that everyone who discusses the BRICS and currencies here is well aware of the difficult situation in the Chinese economy. If you don’t know, I’ll tell you, give the numbers, and explain why China is using a “pillow” of country-fools who will soon become “slaves of the yuan”.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
Yang Brics is made under regulated business dude, has anyone read in this industry that the regulated coins in cryptocurrency can control Bitcoin? in the entire world today not a single country has yet controlled Bitcoin.
Honestly, I laughed at your question, it's like you're saying that a centralized has the ability to control decentralized concepts.
Even though it was late still it's a brilliant futuristic idea of replacing dollar by other currencies for global trade. Because of dollar only so far all nations are suffering economically. Finally people outside NATO states will have sign, free from one sided dollar repression, sanction financial and military harmony.
That will take time. It's trendy that dollar is going to be devaluated because of this but then, it's hard to say if they can do what's being said to pull down dollars value through BRICS. Still, they're a few countries but then their economy will be impactful if they loose their ties with US and its dollar as its global currency for their trades. I think it's just there to start convincing other countries to join them with this globalization but then, many are still reluctant on it and won't jive in quickly just because it's been formed. This also means that USD will not control the global market anymore, not to mention that when USD weakens, bitcoin will definitely go up and I am sure that a lot of us would want that to happen. My only fear with this is that China and Russia is leading this and it's definitely going to be bad for some Asian countries that aren't Chinese or Russian friendly.
We have to wait until it actually happens but for now, it's still controlling the world economy because it's the base of most trades and pairs of local currencies. I want to see bitcoin have its value go down but not optimistic to see that two countries go up as their ideology isn't optimistic and in line with most people. 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?
Given that the creation of new currencies by the BRICS countries has the potential to impact global currency markets, it is unclear whether this was specifically intended to manipulate BTC or other cryptocurrencies. I think the impact of any new currency on cryptocurrencies will depend on various factors such as the rate of adoption, stability and overall economic conditions of the countries involved.
Even though it was late still it's a brilliant futuristic idea of replacing dollar by other currencies for global trade. Because of dollar only so far all nations are suffering economically. Finally people outside NATO states will have sign, free from one sided dollar repression, sanction financial and military harmony.
This also means that USD will not control the global market anymore, not to mention that when USD weakens, bitcoin will definitely go up and I am sure that a lot of us would want that to happen. My only fear with this is that China and Russia is leading this and it's definitely going to be bad for some Asian countries that aren't Chinese or Russian friendly. 
Even though it was late still it's a brilliant futuristic idea of replacing dollar by other currencies for global trade. Because of dollar only so far all nations are suffering economically. Finally people outside NATO states will have sign, free from one sided dollar repression, sanction financial and military harmony.
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?
It could be dollar reason or it could be really just using blockchain technology and its power. In any case they are definitely going against the bitcoin considering it will create an unwanted hype amongst the users and investors of same. Anyways that would be far more centralised and thus it will have it own pros and cons and our bitcoin would prosper the way it did throughout 10-12 years. It may happen that the BRICS project would turn out to be failure in long run since bitcoin is bitcoin and it’s user base has different niche with it.
I don’t think it has anything to do with btc. I think you need to realize that the world is not spinning around btc. These countries come up with a new currency so they can dump the USD. It seems like a futile attempt but still, at least they are making their goals clear: They don’t want to do any business with the USD. I can’t really blame them for this because the US has been weaponizing their currency for a very long time. Somebody has to say “enough” to this crap.
This is the first time I'm reading about this, but even if it's true and they actually develop it, the least it would affect would be Bitcoin. We're talking about a new fiat currency; how would that affect cryptocurrencies? I highly doubt that BRICS is keen on targeting Bitcoin; that's the least of their worries. Their prime target would be the USA, the U.S. dollar, and the western world in general. There's not a single chance that it's aiming to manipulate Bitcoin, and honestly, supposing it's developed, it wouldn't do much harm to the U.S. dollar either.
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.
AFAIK, they're not making any new currency but instead the dollar as the main currency of their trades. They'll replace it with Chinese Yuan, correct me if I'm wrong with that.As I can see all these things to manipulate BTC right? What are your thoughts about this?
I don't see any correlation that it's going to manipulate bitcoin. There could be some impact on it and we'll see how the development will go but it's still quite far to think of its relevance to bitcoin being manipulated by the.
It has nothing to do with Bitcoin. We have seen many countries creating their own digital currency called CBDC. And that didn't do anything towards Bitcoin. So I doubt it will create any effect on bitcoin whatsoever. And remember that Bitcoin is a decentralized Cryptocurrency. So nothing like this which is centralized and controlled by government will compare to Bitcoin.
The new currency will only be used to make transactions amongst themselves. At least this is what I can see from my understanding.
The new currency will only be used to make transactions amongst themselves. At least this is what I can see from my understanding.
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.
I watched a video a few hours ago regarding this one, and it seems like they really are doing it. They are also in talks with Saudi Arabia and Iran with this one. They don't want to use the dollar anymore (for pretty obvious reasons), and TBH, I've heard this news last year already. I'm pretty sure if this happens, it's the China who will become on top, and the currency they will use? It's the Yuan. 
As I can see all these things to manipulate BTC right? What are your thoughts about this?
Manipulate Bitcoin? Even the huge institutions can't completely manipulate Bitcoin, then you are connecting them with Bitcoin? It's all politics here, and no crypto is involved, and that includes Bitcoin. At least don't connect what's happening right now with Bitcoin because after all, they can't manipulate Bitcoin because they aren't the one who created it. 
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?
This is a war of great powers, a struggle for power in the world, it has nothing to do with bitcoin. Bitcoin is something very magical to us, but to them it is nothing, Bitcoin is not yet a rare asset that they have to fight for.
As far as I know, the BRICS alliance has been established for a long time, but recently, four Central Asian countries have joined. This union was formed to find a way to create a new currency and reduce dependence on USD and Euro. Things are just getting started, they have a long way to go to pull the USD down.
I would not like to disappoint the "BRICS supporters", but the BRICS currency already exists. This is the Chinese Yuan!
China is a wise country. And on the wave of hysterical cries of losers "LET'S REJECT THE DOLLAR", China supported their cries BUT very specifically:
- China redeemed Russia's dollar gold reserves for yuan
- China is buying up gold and DOLLARS in their gold reserves.
- China has filled the market of transactions within the BRICS with the yuan, and made it the main currency of mutual settlements.
China is reviving its "empire" on the backs of not the smartest "friends". Someone saves it, China, the economy, someone becomes just a depressive raw material appendage.
So I recommend considering this not as a "victory on the dollar", but as a victory over common sense
Reason? Very simple - soon these countries, except of course China - will get rid of the dollar. But in the technological age and the age of the world's financial institutions, they will not be able to live without the dollar. And they will already be completely dependent on the yuan and China. Who always acts only for his own benefit.
China is a wise country. And on the wave of hysterical cries of losers "LET'S REJECT THE DOLLAR", China supported their cries
BUT very specifically:- China redeemed Russia's dollar gold reserves for yuan
- China is buying up gold and DOLLARS in their gold reserves.
- China has filled the market of transactions within the BRICS with the yuan, and made it the main currency of mutual settlements.
China is reviving its "empire" on the backs of not the smartest "friends". Someone saves it, China, the economy, someone becomes just a depressive raw material appendage.
So I recommend considering this not as a "victory on the dollar", but as a victory over common sense
Reason? Very simple - soon these countries, except of course China - will get rid of the dollar. But in the technological age and the age of the world's financial institutions, they will not be able to live without the dollar. And they will already be completely dependent on the yuan and China. Who always acts only for his own benefit.
Jump to: