Unbelieveable , ( 2018 ) Is The Year, Central Banks Begin Buying Cryptocurrency

jayc89

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Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

Banks will want the coin after the price gets over 20k, there should be a bunch of media trying to get people to talk bad about Bitcoin then.

GrannyC

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Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

Has this "news" got any confirmation? I very much doubt that any serious central bank would buy cryptos.

Nowherman

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At first central banks were distracted by the appearance of bitcoin and didn't know how to react to it. They pretended that nothing was happening. But when BTC capitalization reached the level of large corporations, they tried to prohibit crypto-currencies. Seeing that it is impossible to do, now they decided to make money on bitcoin, as it has long been done by smart people.

snipetr

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Thats great, but this has to happen, because bitcoins demand in population of whole world increases drastically. So governments in varios countries going to accept bitcoin as digital currency.
Due to this incresing crease of bitcoin, governments of many countries already legalise it, also many merchants and retailers accepting it as payment system.

taiwww

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All countries of the world have their own currencies. These currencies are controlled by the central bank of that country. These currencies are the backbone of these countries. By no way central bank of any country will allow decentralized currency like bitcoin to be the central currency. No central bank will accept bitcoin currency. Bitcoin is a good asset and a good instrument of investment, but it is not a popular currency, in my country no one is accepting bitcoin for settling a transaction. They why our central bank will buy it?

FrueGreads

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They do say this will happen in the dark so of course this is just speculation from coindesk, but I will not say they are far from the truth. Cryptocurrencies are here to stay either banks like it or not, so it's in their best interest to buy it as well, specially because fiat currencies are losing vs crypto. Gold might get in trouble as well, as bitcoin evolves, so if banks want to keep their status they just need to start investing in crypto before they completly lose the train. Bitcoin give financial freedom back to people, and banks can't ignore or change that, so they can only use the advantage they still have, and start investing in crypto and they will be able to remain richer than most, as they currently are.

bitterguy28

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Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

Yes i agree on that good news if central bank accept cryptos, have big possibility the banking industries accept also bitcoin and treat bitcoin as agold so hoping cryptos become legal worldwide.

reflector

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Quote from: bitvalak on December 20, 2017, 06:44:25 AM

Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

whether Central Bank to buy crypto money or not it will not have a big effect on the growth of bitcoin and altcoin other because the only need now is access to use bitcoin to be useful for everyday life, for example to buy goods needs.

Many of the central banks of different countries worry that fiat value will be goes down if there is crypto currency is being widely used by the various people. Please check that some of the banks has been created a altcoin for their own.
What ever they introduce bitcoin is only one always being to in the market topper list. Kindly select the altcoin if you want to invest on it. Various international investors goes go invest on bitcoin that will again takes to flight dude.

shinjunobi09

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Wow a really fantastic news for us crypto users out there with the central bank willing to invest in cryptocurrency meaning this will be the start that some of our banks in our country are going to accept bitcoin as savings or even would be willing to loan their clients in the form of bitcoin or any alternate tokens out there. Nice!

Jet Cash

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Quote from: bitvalak on December 20, 2017, 06:44:25 AM

the only need now is access to use bitcoin to be useful for everyday life, for example to buy goods needs.

That will never happen - Bitcoin's future is as a store of wealth.

bitvalak

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Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

whether Central Bank to buy crypto money or not it will not have a big effect on the growth of bitcoin and altcoin other because the only need now is access to use bitcoin to be useful for everyday life, for example to buy goods needs.

lukesimon

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There's this news in the PH that one of the banks here is purging their customer accounts who are involved with BTC transactions. They told their customers that they are doing it by the order of PH Central Bank. I don't know the reason why but it's alarming.

Jet Cash

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China was included in the IMF because the banking elite were concerned about the AIIB, but they were too late.

They are concerned about de-centralised crypto-currencies, and their inability to control them. It would appesar that the way for them to neutralise Bitcoin is to acquire all the available coins. This will render it unusable as a payment method, but build it as a store of wealth. They can then introduce controllable digital currencies to replace Bitcoin and fiat as a payment method.

If you watch what is going on, you will have noticed that the Deep State is transferring assets and manufacturing from the West to the East. This includes gold, manufacturing, oil control and banking deposits.

jorse

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Quote from: tiggytomb on December 20, 2017, 04:59:34 AM

Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

This is the next logical step for them, they can see that crypto currency and bitcoin especially is spreading at a fast rate and is far outperforming many of their traditional assets, 2018 will be a great year for anyone involved in crypto.

Sure ....will obviously increase the value of the Crypto currencies

jorse

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Quote from: ivrynx on December 20, 2017, 04:54:06 AM

This article had been spreading in the internet like wild fire, what should we do is to stay calm and wait for them to make a move, if you come to think of it, if central banks bought out bitcoins, the vale of the remaining bitcoin will increase, i doubt that they can buy even half of the volume of bitcoin, if they did, that country will have an excessive national debt, and why would the people wany their bitcoins to be taken from them, they already had stolen the gold that we had in the past, if they want to protect the people, they should look over on exchanges and not meddle with one's privacy.

If you say about "Bitcoin" currencies of course I really agree with you but what I say here is "Cryptocurrency" is it better to invest in the latest Cryptocurrency currency as it will obviously increase the value of the currency and The Cryptocurrency are so many type a classification , Grin

its a just my opinion Cheesy

Vannie12

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Quote from: joeyvdt on December 20, 2017, 05:03:29 AM

That's actually pretty good news for the cryptocurrency acceptance.
Curious what 2018 will bring

This is a white a good questions since there are so many events that had happened this year. As more investors buying bitcoin demands are going to shoot up higher and along with it is greater number of transactions. I do hope that scaling problems can be resolved as soon as possible for bitcoins greater future.
Good functioning will give good productions.
Growth will be possible.

ogini

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Great news for crypto investors time to excel is here,2018 the sky rocket for cryptocurrency.

francesyrus

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It could be good news but I think it also could bring bad news for some country. In our country there reports that some bank account have been close because the funds that are coming are from bitcoin. We also afraid that our government would impose tax on bitcoin earnings.

joeyvdt

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That's actually pretty good news for the cryptocurrency acceptance.
Curious what 2018 will bring

tiggytomb

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Quote from: jorse on December 20, 2017, 04:41:44 AM

The topic of the story this time, telling about in the next years 2018 Central Bank Starts Buying Cryptocurrency, to bolster their foreign reserves because one of the core functions of a central Bank is to manage their nation-state, or union's, official gold and foreign exchange reserves, "Country currencies" will be forced to alter their foreign reserve weightings and finally get started to cover the market of cryptocurrencies , The Cryptocurrencies will also fulfil a new requirement can say like a digital gold Shocked

, So in my opinion, very reasonable in the years 2018 Bank interested, because Cryptocurrency is now a source of revenue across global markets around the world , do you agree ? Wink

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

This is the next logical step for them, they can see that crypto currency and bitcoin especially is spreading at a fast rate and is far outperforming many of their traditional assets, 2018 will be a great year for anyone involved in crypto.

Topic: Unbelieveable , ( 2018 ) Is The Year, Central Banks Begin Buying Cryptocurrency (Read 222 times)