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Muhammad Hamdan

Do you think crypto currency help countries?

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In my view, it helps countries by securing job opportunities for the people of these countries, but governments view encryption and digital currencies as harmful to their local currencies because if people use encryption, the local currencies will become without any value.

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In my opinion, I think it help many countries to develop and stabilize there economy, it reshape the standard living of the develop and developing countries, the underdeveloped countries need to accept cryptocurrency as part of there means of currency, they should be able to do transactions with it, cryptocurrency improve developing countries by reducing corruption and promoting transparency reducing transactions cost and time wasting, also offering financial inclusion and promoting digital banking.

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20 hours ago, Dorjoy12 said:

In this way of transaction has corruption too because the builder will put extra amount for the construction with the order of high level govt Officer..        

Brother, Blockchain has solutions for this too. Oracle service are mean for the solution of this problem. Oracle services like Chainlink, or JustLink (From Tron) can be used to provide real world datas ,like price of buildings to the smart contracts. These services are Decentralized and if there is strong motives. Government could combine all of these technologies for making the solution of ongoing corruption.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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3 hours ago, Ridam said:

Brother, Blockchain has solutions for this too. Oracle service are mean for the solution of this problem. Oracle services like Chainlink, or JustLink (From Tron) can be used to provide real world datas ,like price of buildings to the smart contracts. These services are Decentralized and if there is strong motives. Government could combine all of these technologies for making the solution of ongoing corruption.

This is really a cool way to preventing corruption but i am not sure any country can adopt this blockchain technology like we are talking about..  Basically crypto illegal Countries citizens has not much idea about blockchain or smart contract activity so to adopt this surely they need enough time to prepare their technology as well as system..                     

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In my opinion, well-managed cryptocurrencies could help the economy of any country in the world. Hopefully one day here in South America cryptocurrencies will have a greater impact on our economies, the truth is that we really need them and they would help us out of this eternal crisis.

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Obviously my dear, Crypto currency can help any country economically. I think every country accept crypto in future and they find their mistake why they don't accept it in past. Crypto makes a country economically strong. Crypto currency gives us a lot of dollars, You know dollars is worldwide. If you get crypto payment, you country gets this dollars and give you local currency. 

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On 2/4/2020 at 2:35 PM, Sid said:

Maybe it can help, because with the emergence of crypto currencies a variety of new jobs are emerging which will certainly help the economy.

Crypto currency will help the countries so much becasue so many jobless peoples that need a job they make good money in this business and they stale their life and they are so much happy with this business.


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On 2/3/2020 at 7:41 AM, Muhammad Hamdan said:

Mi pregunta principal sobre la moneda criptográfica es: ¿ayuda a algún país económicamente?

Y si es así, ¿podemos expandirlo y convertirlo en mundial y ayudar a los países pobres a estabilizar su economía?

It is not easy friend, in my opinion this is not convenient for banks and less for businesses or governments, at the moment not now since for these possible reasons BTC and cryptocurrencies are not allowed in some countries, because they say that would affect the economy.

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On 2/3/2020 at 7:41 AM, Muhammad Hamdan said:

My main question about crypto currency is that does it help any country ecnomically?

And if so can we expand and make it a worldwide and help poor countries stablise their economy?

Undoubtedly, but it will always be difficult because governments want the entire economy for themselves and due to de-centralized cryptocurrencies it will be difficult for them to maintain control but it will undoubtedly benefit the entire population.

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@ZunaidGm Obviously my dear, crypto currency helps our country economically. If you withdraw your crypto currency in your bank account, you will get your money and your country also get dollars. You know dollars is worldwide, for. this reason our country make economically strong. The bad effect of crypto, any bad people easily convert his money on crypto and the government cannot find their black money  

Edited by Emma Wilson
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On 2/3/2020 at 1:41 PM, Muhammad Hamdan said:

My main question about crypto currency is that does it help any country ecnomically?

And if so can we expand and make it a worldwide and help poor countries stablise their economy?

Yes, maybe this matter helps many countries from actually strengthening their economy. There are many countries suffering from economic crises

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On 2/3/2020 at 12:41 PM, Muhammad Hamdan said:

My main question about crypto currency is that does it help any country ecnomically?

And if so can we expand and make it a worldwide and help poor countries stablise their economy?

As for me I can't really tell, all I can say is it help individuals economy. Most of us here we gathered here today because of one or two benefit, the number benefit is earning with this earn a lot us were able to solve financial problem....

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Yes, it helps many countries because it provides large profits to the participating members, increases the state’s coverage, and helps develop it very much.

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On 2/3/2020 at 4:41 PM, Muhammad Hamdan said:

My main question about crypto currency is that does it help any country ecnomically?

And if so can we expand and make it a worldwide and help poor countries stablise their economy?

Yes i think that it  cast postive effect on one's country economy because people are getting their earnings from it and it is providing them a livelihood  and also it is an easy method for countries to exchange their money and transactions from it

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Yes,  cryptocurrency helps any countries and provide economic supports. Maximum of country has a huge amount of unemployment people.  They can earn cryptocurrency and they can be self employee. 

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You say right my friend and it is true that crypto currency do helps others countries because people can earn money from the crypto currency by posting and trading or investment . In this way crypto help  those people who are jobless .

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Of course cryptocurrency helps many countries. In many cases, it helps a country economically. It makes a person supportive. It leads to economic prosperity of the country. Which is very important for a country.

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Yes brother crypto currency will provide a great platform for countries to develop and helps to get opportunities for the people to get a earnings which helps to increase the income of that family and ultimately it would help to increase in development of the countries.

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Yes my friend crytop currency play great role on economic of country because it will provide huge income for unemployment of country and make the investment so easy 

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Yes I cryptocurrency has really helped many countries by giving it citizens or youths the employed and unemployed one the opportunity earn from different ways either by trading in crypto currency, mining or earning Free currencies from some cryptocurrency sites, cryptocurrency has actually been of help to many nations even if the government of the nations doesn't believe or accept it. 

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Cryptocurrency have the power to change or boost economy system of a country, crypto have change life of many and some have become millionaires through cryptocurrency. If a country can take the risk of cryptocurrency, then they can have a way of generating money for their economy. 

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Yes crypto talk currency has really help a lot of the countries because it helps to provide jobs for both the unemployed and the employed members to be able to earn some tokens for a better living as we can see almost all of the forum members are excited for joining this forum because it provides opportunities for most of the youth who are not having a job to earn a living

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On 2/3/2020 at 7:41 AM, Muhammad Hamdan said:

My main question about crypto currency is that does it help any country ecnomically?

And if so can we expand and make it a worldwide and help poor countries stablise their economy?

To help countries stabilize their economy through the use of cryptocurrencies, two steps must first be met: Legality in the use and training/educating people of the country through special programs and conferences, media and universities

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To some extent its coming to that point and we need to really get to when its nessesary to work with it , the crypto and we need to put and pull together structures that are easy to identify we need to work as hard and pull a power with it, there are so many ways other people need to enjoy building that great structure to it ,  we have to accept that the world is slowly grwing towards the use of crypto currency and it is becoming nessesary to do so

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Yes, cryptocurrency can prove very beneficial for the economy of many countries which is poor. As there are still many countries that underdeveloped and their public is very poor. Cryptocurrency has also been banned in such countries. And if a cryptocurrency is legalized in such countries, then when his work is done on cryptocurrency, he may be able to gain a lot from here. When the people of these countries work on cryptocurrency, they will earn a lot of money from here, which will make them even better than their economics.


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Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. 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Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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