Bitcoin VS cryptocurrency for the central bank - Page 5 - Crypto World - CryptoTalk.Org Jump to content
SuperCrypto

Bitcoin VS cryptocurrency for the central bank

Recommended Posts

There is no competition between Bitcoin and the banks, each of them has its advantages, central and decentralization, both of which cannot be dispensed. Bitcoin has the advantages of protection, anonymity and privacy, on the other hand, banks are good for those who cannot deal with cryptocurrencies.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Central bank digital coins probably will not be cryptocurrencies. They will be centralized and maybe not run on blockchain. For Bitcoin it doesn't matter these are not going to mean anything. It is the same system with another name.

  • +2 1

Share this post


Link to post
Share on other sites

Central banks with their own cryptocurrency will not be as successful as BITCOIN, they are launching a centralized cryptocurrency which means they themselves can set the amount and control the price. Currently, centralized cryptocurrencies are not in demand because they will not be profitable. The central bank cryptocurrency will not compete with BTC because I think the project will fail.

  • +2 1

Share this post


Link to post
Share on other sites

currencies regulated by entities can become a competition for the cryptocurrencies only in regular markets, but when we talk about a decentralized environment or exchanges, it will be impossible for them to win, no one in their right mind would buy those coins with the aim of win more money, we already have a centralized cryptocurrency (XRP), is not needed other anymore.

Share this post


Link to post
Share on other sites

Bitcoin is not linked to any central authority as it runs on its own and despite the efforts of central governments to create a competition by having digital national fiat currencies it will not ever affect the course of Bitcoin because it is a decentralized and independent currency from any power.

  • Useful or interesting 2
  • +1 1

Share this post


Link to post
Share on other sites

I think that we are talking about different assets here. It is like trying to find similarities between Tron and XRP and there are only a few. A blockchain doesn't mean that a cryptocurrency used by central banks will be something similar to Bitcoin. Only for uneducated people it will be similar.

  • +1 1

Share this post


Link to post
Share on other sites

The Central Banks since the removal of the gold standard have destroyed the national currencies. In Europe the euro saved the day for many currencies that didn't have too long time to live and it created with a more strict strategy better fiat currency. But in this case too there are problems and the dollar with its collapse is dragging everything with it. Bitcoin will save us from all of these problems.

  • +2 1

Share this post


Link to post
Share on other sites

Bitcoin usecase will be increased because of the centralized counterparts that will be the CBDCs, centralized government issued cryptocurrencies. People will notice the difference and understand why Bitcoin is important once they have in their hands an inferior digital currency.

  • +3 1

Share this post


Link to post
Share on other sites

Thank you for sharing this information my friend. The central bank can really play a turning point in the market of cryptocurrency. This would make a really good innovative placement for the cryptocurrency in the world economy.

  • Useful or interesting 2
  • +2 1

Share this post


Link to post
Share on other sites
On 4/22/2020 at 11:30 AM, SuperCrypto said:

Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank,

It doesn't have to do anything that will make Bitcoin less from what it is. It is not bad news because a central bank will create something that won't be Bitcoin. It won't be decentralized and will not give financial freedom in any way to anyone.

  • +3 1

Share this post


Link to post
Share on other sites

I don't think that central banks hate Bitcoin. They are scared of it because of the potential it has and maybe they will require to hold some later as its value will become very important being the best decentralized currency we have.

  • +2 1

Share this post


Link to post
Share on other sites

The currency launched by the bank is not cryptocurrency, it is fiat money which is digital and centralized. In my opinion, fiat digital currency cannot compete with cryptocurrency, because in my opinion its value is stable and is not part of cryptocurrency. It in no way affects bitcoin and other cryptocurrencies.

  • +1 1

Share this post


Link to post
Share on other sites

@Sykkuno @VijithaVarghese The legal status of Bitcoin differs from one country to another, but there are trends of central banks towards digital currencies, as it can be interpreted in two directions: The first is in line with the age of technology and consumers ’need for a digital payment system that integrates with their digital lives.

  • Useful or interesting 1
  • +1 1
  • +3 2

Share this post


Link to post
Share on other sites

I am see no reason to have paper currency anymore. It is not needed we are have our phones and every country need to be ready to abolish the previous system and use electronic cash only and that will help everybody with their commerce and not have shops to cheat customers by having too much price. There are many bad merchants that live by cheating people and they will not make it with electronic money form.

  • +1 1
  • +2 1
  • +5 1

Share this post


Link to post
Share on other sites

We have XRP which is backed by banking sector and support from different companies. If banks comes into crypto they will not take down BTC after they launch own crypto currency the will only get acceptance not higher place in market. The BTC have volatility and no bank can handle volatility of own coin in crypto market. 

  • +2 1
  • +5 1

Share this post


Link to post
Share on other sites

Let me made clear that no any given currency that would be created to dominate the top leading crypto currency bitcoin, because that coin can not have similar features as BTC which makes it unique and outstanding among the rest and places it high above making it most expensive, valuable and profitable coin.

It is even at now that is realizing it potentiality of surpassing the fiat currency

  • +1 1
  • +4 1

Share this post


Link to post
Share on other sites
13 hours ago, Mella said:

I am see no reason to have paper currency anymore. It is not needed we are have our phones and every country need to be ready to abolish the previous system and use electronic cash only and that will help everybody with their commerce and not have shops to cheat customers by having too much price. There are many bad merchants that live by cheating people and they will not make it with electronic money form.

Hello. I think that it is quite impossible for paper (fiat) currency to cease as of the moment. Yes, we are in the era where technological innovations are prevalent but we must bear in mind that there are still nations that wasn't able to cope up with these changes. Ceasing fiat currency may lead these countries to their downfall aside from the fact that they are suffering from their own economical issues. Therefore, I can say that ceasing fiat currency will take a lot of time and who knows may be in the next 20 years it may happen. 

Edited by JesusFries
  • +1 1
  • +4 1

Share this post


Link to post
Share on other sites

I don't think they will hate in case they will love the technology of how bitcoin works and they want to make their own blockchain as the centralized bank so that they can make their own currency as the cryptocurrencies and any other cryptocurrencies wont replace their fiat currency.

  • +1 1
  • +4 1

 

                                                    BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 


 

Share this post


Link to post
Share on other sites
10 hours ago, JesusFries said:

Hello. I think that it is quite impossible for paper (fiat) currency to cease as of the moment. Yes, we are in the era where technological innovations are prevalent but we must bear in mind that there are still nations that wasn't able to cope up with these changes. Ceasing fiat currency may lead these countries to their downfall aside from the fact that they are suffering from their own economical issues. Therefore, I can say that ceasing fiat currency will take a lot of time and who knows may be in the next 20 years it may happen. 

Hi dear. I am understood and it is the problems of economies in some country that do not allow this, but know that there are country as Norway, Sweden, China where the paper cash is used less than 5% and all done electronic. And more countries are increasing this. Europe has a plan to ban the paper currencies and move to electronic only. If other countries are behind in it they will need to focus on create better infrastructure on this, because with electronic it helps government in planning, increase tax collection from tax evasion and reduce corruption. These are all better with Bitcoin from other ways like bank systems but still electronic will be better from paper.

  • +4 1

Share this post


Link to post
Share on other sites
On 4/22/2020 at 9:30 AM, SuperCrypto said:

It has become known to us that central banks hate bitcoin BTC, and other digital currencies, because of their disruptive advantages, but these banks resorted to the idea of launching their own cryptocurrency in most countries of the world, so how will this affect Bitcoin and the rest of the market?
Do you think that the Bitcoin status of BTC will be bad during the coming period, due to the spread of the idea of the cryptocurrency linked to the central bank, or will it be a regular competition, we would definitely like to know your opinion?

It won't definitely.

BTC and most other cryptocurrency are different to any other type of 'digital currency' the central banks are proposing like the digital dollars, yuan or euros mainly in the decentralization of it; something that can never be possible with governmental control currency.

After the creation and implementation of the proposed currency, the might be some restrictions on cryptocurrency but I believe it will be far from being affected.

Edited by Raqeebzy
  • +3 1

My Altcointalks username —° Raqeebzy

 

Share this post


Link to post
Share on other sites

I don't think this will negatively affect Bitcoin, on the contrary, it will make it easier to buy bitcoin, as we all know that some countries have a hard time buying their citizens' digital currencies due to strict laws towards this powerful technology.

Share this post


Link to post
Share on other sites

If central bank hate crypto, i think af the very beginning they get rid of it but bitcoin was known after few years since it was made and i think they hate it because they cannot control it because of its being decentralized.

  • +4 1

Share this post


Link to post
Share on other sites

Many of the people like Bitcoin because it has a very high market value and no one can control this type of currencies, although central banks think to create their own currencies, it does not open any threat, only a good competition from which bitcoin could be victorious.

  • +2 1
  • +3 1

Share this post


Link to post
Share on other sites

If that becomes possible to hold the cryptocurrancy for the users by bank it will make the cryptocurrancy paralysed such as what happened with the fiat which can not be controlled by us.

  • Useful or interesting 1
  • +3 1

Share this post


Link to post
Share on other sites

The digital currency is a decentralized currency, and no one can control the price of the currency, deals or investment, and banks want to control digital currencies by issuing their own digital currencies as banks want to control this field

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Probably, many of you have already encountered situations when incorrect details for receiving funds were specified when creating an application, perhaps in a hurry or due to inattention.  Previously, the details were changed mainly via email, but we have simplified this procedure, and now you can easily make the necessary changes directly on the site. To do this, you just need to open the notification and enter the correct details. We wish you successful deals and prosperity on your financial journey!  
    • ⏩ Рады сообщить, что теперь вы можете обменять свою криптовалюту на китайские юани (CNY) через Alipay!   Alipay - это крупнейшая платежная система в Китае с более чем 1 миллиардом активных пользователей.   Поддерживаемые направления: Tether TRC20 USDT → Alipay CNY Tether BEP20 USDT → Alipay CNY Tether ERC20 USDT → Alipay CNY
    • База игроков Notcoin достигла 40 миллионов, токен вырос в цене   Команда игрового Web3-проекта Notcoin сообщила, что количество пользователей достигло 40 миллионов. По данным разработчиков, игроки уже заработали $1,5 млн в TON через 20 кампаний. Команда ожидает десятикратного роста этого показателя после автоматизации новых миссий, которые смогут запускать сторонние проекты самостоятельно. На фоне этого анонса цена Notcoin выросла на 5%. 2 июня Notcoin обновил исторический максимум до $0,021, а его рыночная капитализация превысила $2,75 млрд.  
    • С момента своего торгового дебюта в 2011 году Биткойн продемонстрировал впечатляющую среднегодовую доходность примерно в 104%, превзойдя доходность портфеля Уоррена Баффета и фондовых рынков США.     Сравнение среднегодового темпа роста (CAGR) Биткойна с доходностью, полученной портфелем Уоррена Баффета, крупнейшими активами которого являются Apple, Bank of America, American Express, Coca-Cola и Chevron Corp, показывает совершенно разные профили риска и вознаграждения и производительность на разных временных интервалах. Портфель Уоррена Баффета: меньше рисков, такая же прибыль, как и у акций Например, согласно данным ресурса Lazy Portfolio ETF, среднегодовой темп роста портфеля Уоррена Баффета составил 10,03% со стандартным отклонением 13,67% за последние 30 лет. Для сравнения, портфели акций компаний США имеют более или менее схожую доходность, но с более высоким стандартным отклонением. Портфель Уоррена Баффета против портфеля акций США. Источник: Lazy Portfolio ETF. Другими словами, портфель Oracle of Omaha показал впечатляющие результаты, несмотря на то, что он менее волатилен и менее рискован, чем портфели акций США. Его инвестиционная философия подчеркивает долгосрочное стоимостное инвестирование, разумное управление рисками и предпочтение фундаментально сильным компаниям. Биткойн превосходит портфель Баффета, не склонного к риску Для сравнения, производительность Биткойна была просто выдающейся. С момента своего торгового дебюта в 2011 году Биткойн продемонстрировал ошеломляющую среднюю годовую доходность около 104%. Эта цифра легко превосходит доходность портфелей акций Баффета и США в среднем каждый год за последние 13 лет. Годовая доходность Биткойна. Источник: Curve.eu Среднегодовой темп роста Биткойна также намного выше, чем у его конкурента-убежища, золота , которое за тот же период приносило в среднем 6% ежегодной прибыли. Это показывает, что, хотя портфели акций США достигли среднегодового темпа роста, сопоставимого с портфелем Баффета, его более высокая волатильность может сделать его непригодным для инвесторов, не склонных к риску.   Золото со своей скромной средней годовой доходностью в 6% за последнее десятилетие предлагает относительную стабильность и действует как защита от экономических спадов. График среднегодовой доходности золота. Источник: Curve.eu Многие трейдеры и инвесторы рассматривают Биткойн как «цифровое золото», рассматривая его как защиту от инфляции и девальвации валюты. Такое восприятие с годами повысило его привлекательность как актива. Примечательно, что несколько американских компаний, таких как MicroStrategy и Tesla, добавили биткойн в свои резервы, после чего последовал запуск спотовых биржевых фондов биткойнов (ETF), которые еще больше укрепили его статус среди институциональных инвесторов. Совокупный приток биткойн-ETF в США. Источник: Farside Investors.  Тем не менее, Биткойн остается очень волатильным, а его цена подвержена резким колебаниям по сравнению со стабильной доходностью портфеля Баффета. Однако в последние годы Биткойн демонстрировал более низкую волатильность, чем многие акции S&P 500, включая Tesla, Meta и Nvidia.   Портфель Баффета представляет собой более консервативную, долгосрочную стратегию с последовательной доходностью и управляемым риском, даже несмотря на то, что он имеет доступ к прокрипто-необанку  Nu Holdings . Напротив, Биткойн обеспечил гораздо более высокую доходность, хотя и со значительной волатильностью и несколькими крупными спадами за последние 13 лет.
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Cardano ADA > Dogecoin DOGE Dogecoin DOGE > Cardano ADA
    • Друзья, наши курс на данный момент: BTC – RUB – 5 968 800 (Не забывайте, что курсы нестабильны, точные данные можете узнать в моменте у поддержки)
    • Добрый день всем нынешним и будущим клиентам 😊 Курс по направлению: USDT – RUB – 85.3 Обменник работает в ручном режиме, 24/7. Подробности уточняйте у операторов.
    • Одно из основных преимуществ нашего сервиса обмена электронных валют - это выгодные условия обмена. У нас вы всегда найдете один из лучших курсов на рынке, что позволит вам сэкономить. Мы следим за изменениями курсов и всегда предлагаем нашим клиентам самые выгодные условия.
    • Количество пользователей Binance превысило 200 млн   Криптобиржа Binance объявила о том, что количество пользователей платформы превысило 200 млн. На то, чтобы привлечь дополнительно 100 млн клиентов, компании потребовалось более двух лет. Ситуацию прокомментировал новый CEO Binance Ричард Тенг. Он также выразил благодарность сообществу биржи.   Напомним, Binance отметила достижение 120 млн пользователей в июле 2022 года. Спустя год и один месяц аудитория биржи выросла до 150 млн человек. Тогда Чанпэн Чжао, предыдущий глава фирмы, заявил, что главным препятствием к привлечению следующих 100 млн клиентов является отсутствие эффективных решений по конвертации криптоактивов в фиат.
    • покупка биткоина фирмами за пределами криптоватного сектора уже не вызывает такого ажиотажа. но тенденция радует, все больше компаний готовы купить биток пусть даже на небольшую сумму.
×
×
  • Create New...