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Let's say then people will move the money that they put in to BTC for the currency. Because if they think it as a strong currency like you said. 
Topic: New currency from BRICS countries - page 8. (Read 1100 times)
(...)As I can see all these things to manipulate BTC right? What are your thoughts about this?
Do you mean price manipulation?And how does it happen? I really don't see the relevance of your conclusion.In view of the fact that the BRICS bloc will change some economic terms when we will no longer see petrodollar dependence, I see that the dollar is gradually showing a gradual loss of position in the general economy.
Not sure what the impact will be on the crypto market but what I see here is that countries that don't want to be dependent on the US are proving that they are capable of self-responsibility in the face of the impositions so far.
Let's say then people will move the money that they put in to BTC for the currency. Because if they think it as a strong currency like you said.
Those who know the difference between Bitcoin and any other centralized currency will certainly not suddenly sell Bitcoin to invest in something backed by countries like China or Russia, especially if we consider the fact that these two countries are currently doing. Strong currencies are created over decades, they do not appear overnight and create some kind of instant dominance in the world.
The US, EU, UK, Australia, Japan, Canada and many other countries will certainly not accept this currency, and we are talking about the richest countries in the world. Don't be naive and don't believe in fairy tales
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 there will be any threat to Bitcoin.Their common currency (if one is created) will only work for internal transactions between countries in order to minimize the use of the dollar.I do not think that the cryptocurrency market will be of interest to these countries, since the payments will be for raw materials and various materials. 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 see no possibility of manipulating Bitcoin in this announcement. Certainly it would have been nicer if they had agreed to use Bitcoin instead of creating a new currency, but unfortunately that didn't happen. If a new currency is actually created, it will tend to target the US Dollar and Euro in order to weaken these two currencies. As the BRICS countries want to back their new currency with gold and other rare-earth elements, it could become a strong currency. Surely you will be able to buy Bitcoins with it at some point, but I don't see any danger for Bitcoin. But maybe you can explain why you think it could be used to manipulate Bitcoin. I'd be interested in that. 
Let's say then people will move the money that they put in to BTC for the currency. Because if they think it as a strong currency like you said.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
I see no possibility of manipulating Bitcoin in this announcement. Certainly it would have been nicer if they had agreed to use Bitcoin instead of creating a new currency, but unfortunately that didn't happen. If a new currency is actually created, it will tend to target the US Dollar and Euro in order to weaken these two currencies. As the BRICS countries want to back their new currency with gold and other rare-earth elements, it could become a strong currency. Surely you will be able to buy Bitcoins with it at some point, but I don't see any danger for Bitcoin. But maybe you can explain why you think it could be used to manipulate Bitcoin. I'd be interested in that. 
How can a centralized currency can manipulate Bitcoin? can you explain?
It's about politic problem and it's called as dedollarisation where these BRICS countries not want to use or adopt dollar anymore. To be honest there's no problem to Bitcoin because Bitcoin price isn't pegged with any currency and it's can't be manipulated.
It's about politic problem and it's called as dedollarisation where these BRICS countries not want to use or adopt dollar anymore. To be honest there's no problem to Bitcoin because Bitcoin price isn't pegged with any currency and it's can't be manipulated.
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
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?
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