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Messages - Fenix

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31

The Asian Yuan seems to have the aim of introducing the use of the yuan currency to Asian countries, and of course it provides information that by using this currency you can get whatever you want. The main aim is to replace the US Dollar, which currently many people use.
The Chinese Yuan can be accepted for goods supplied within the scope of trade with that country. Even in Russia, big problems have arisen with excess yuan, which they no longer know where to spend. With India, the problem is of a different order: by supplying oil for rupees, Russia is faced with the fact that Indian banks do not want to withdraw their rupees from the country. Therefore, Russia has tens of billions of dollars worth of rupees in Indian banks, but cannot fully manage them. There cannot be such problems with dollars, since there are no problems with the liquidity of the dollar.

China is seeking to get rid of dollars because it anticipates possible conflicts from the United States, for example, over Taiwan, and receiving sanctions following the example of Russia. And Russia has more than 300 billion dollars in banks abroad, which are frozen and the issue of transferring them to Ukraine to compensate for losses caused by Russian aggression is being decided. Naturally, China does not want similar problems with dollars in the future.

32
I am very confident that Russia will have a solution that can control its economy well because I believe that the Russian President is very intelligent and, of course, has a very high level of humanity, so he will find a good solution.

High level of humanity?- In my life I have seen a politician with a high level of humanity, nor a low one, they simply don't have it. What Putin will likely do is what any other president of any country would do: make sure his country does not lose its status quo. If to achieve this Putin has to use cryptocurrencies (and thus avoid international sanctions) and make the country's companies and agencies able to use them, he will do it.

It doesn't matter if months or years before he had signed a draft to make a bill that would ban cryptocurrencies, for Putin the important thing is to avoid international sanctions, everything else is secondary.
In order to use cryptocurrency in international trade, it is necessary that the state partner in the transaction also wants to use cryptocurrency. But states in general are reluctant to accept or pay with cryptocurrency, primarily due to its high price volatility. Therefore, we practically do not hear about transactions between states in cryptocurrency.

  Putin is now in a very difficult situation, since Russian troops are bogged down in the war in Ukraine and have had virtually no achievements over the past year. If the war continues for at least more than a year, a centrifugal process will begin in Russia: the outskirts will try to separate from the center, and the military and law enforcement officers, weakened by the war, will no longer be able to do anything.

34
The military invasion can only be stopped by retaliatory counter-actions, negotiations with Russia with calls to end the war will not lead to success, unfortunately.
Putin sometimes says that Russia is always open to negotiations, but by this he means only Ukraine's offer of surrender. He is not thinking about any real negotiations. And such terms of negotiations are unacceptable for Ukraine. In addition, at the legislative level in Ukraine it was decided not to enter into any negotiations with Putin, because he never keeps his promises. Negotiations are possible only with his adequate successor.
Ukraine intends to negotiate on the basis of compliance with the principle of inviolability of borders and does not intend to make any territorial concessions. This means that the fighting, which has been going on for almost two years, will continue.

35
Researchers at a Chinese state-run think tank have proposed an Asia-wide digital currency in order to minimize the country's dependency on a dollar-based economy.

The views of researchers Liu Dongmin, Song Shuang, and Zhou Xuezhi from the Chinese Academy of Social Sciences (CASS) were published in a late September issue of the "World Affairs journal," which suggested the introduction of an "Asian yuan" token. The token would reduce Asia's dependency on the US dollar.


Read More - https://www.coingabbar.com/en/crypto-currency-news-english/china-proposes-asian-yuan-reduce-dependency-us-dollar
As I understand it, under the term "Asian yuan", it is proposed to introduce a regional CBDC in the Pacific region. But I would like to immediately decide whether such a currency will be a digital yuan or a new digital currency. Because the introduction of the yuan, even digital, will make all states in this region dependent on China. If this is a new CBDC, then of course, let them experiment. But this currency is likely to circulate predominantly in this region and trading on the international market will be difficult due to low liquidity.

36
ICO success depends on the project innovation and investors' trust. The team is also a main component to look at before investment. Nowadays, most of the ICOs are just shit projects looking to scam investors and participants.
Yes, now a days most of the ICOs are scams and the ones who invest in them often lose the money that they have invested. If an ICO isn't getting any investment then it won't grow and if the team behind the ICO is unknown then again they won't gain any investors and no body would waste their time to promote those ICOs.

I would recommend everyone to be careful from new ICO's because out of 10 we may have 1 or 2 good projects, the rest of them are created to scam the investors.

Then I can just add that even if the ICO comes back in these times, I don't think it will happen again in the times of 2016–2017, when many people got really big profits in cryptocurrency because of the ICO.

Maybe only a select ICO can really give a good profit to those who will participate in their projects in the field of crypto. Of course, as you said, there are still many scam projects, so we should be cautious, especially newbies.
Signature campaigns are unlikely to ever regain their former appeal that they had in 2017-2018. Back then, even an ordinary member could quite often earn several thousand dollars for participating in one ICO. Teams often allocated 200-300 thousand dollars for a signature campaign, which was then the only one without social networks. Now, signature campaigns cost anywhere from a few hundred dollars to several thousand dollars. Therefore, there is no longer talk of quickly enriching bounty hunters through participation in ICOs.

37
At the moment, btc 44k, no black swans without black swans. In my opinion, we should dip below 30k before halving, from where the whole segment will start to fully grow. (And the price will reach 60k+).
Apparently this will happen. I also expect that during the upcoming Christmas and New Year holidays, or immediately after them, we will see a decent price correction in this market. Before the halving, in any case, the whales will cause the market to fall in order to buy up before the big growth. I want to buy Ethereum and am expecting a price correction. I hope I'm not wrong.

38
Stable Coins Forum / Re: Libra is best than the BTC?
« on: December 23, 2023, 09:36:50 AM »
I saw some reports and that reports will show that the Libra coin is a stable coin but some peoples will say that the Libra coin will make a great price and it will cross the BTC, how is that possible?
I think this is a funny thing, Libra or Diem that we haven't seen the development of but is predicted to surpass Bitcoin ? This is impossible, and this prediction is completely unreasonable. 
Libra or Diem are very slow, that's what I see !  It will be tough if you want to compete with Bitcoin.
To my knowledge, the Libra/Diem stablecoin project never materialized. The project itself was sold to some bank and I have not heard any more information about this yet unreleased coin. So it really does sound like a joke to compare a stablecoin that doesn't exist yet to Bitcoin. I didn't even think that a section about Libra/Diem still existed on this forum.

39
Dogecoin Forum / Re: Should i invest in dogecoin?
« on: December 22, 2023, 09:45:06 AM »
Base on my recent doge coin is one of the memes coin with good potential.
Mostly in long term. Also with shiba.
Dogecoin has been around for a long time and was an unremarkable coin until it was hyped by Elon Musk. But this coin has practically nothing useful. Its price increase was solely based on advertising and hype. Yes, many could make a profit because of this. But in the long term, I don't see good potential for Dogecoin.

40
If Bitcoin were the sole cryptocurrency, market dominance would amplify, likely leading to increased adoption and regulatory scrutiny. Innovation might focus solely on Bitcoin's technology, potentially accelerating advancements. However, the absence of alternatives could intensify price volatility and stifle diversity, impacting the broader crypto landscape and its resilience.
If there were no altcoins, the cryptocurrency market would not even reach its current heights. Bitcoin wouldn't have been so successful. Altcoins have added useful diversity and more useful features to the market. Thanks to these features, people become more aware of the benefits of using cryptocurrency. It was altcoins that made it possible for cryptocurrency to be used in many areas of human activity.

41
Well, the price of Bitcoin cannot be predicted and exact but using its recent price chart, we can be rest assured that it might be able to hit the 50k price before the year runs out. Just as @Tribalchief has said, it would be more appropriate to say at the end of December instead of Christmas. Next year we might be seeing more bullish movements from Bitcoin so, it's best to get prepared and buy as many as you can now before it's bull.
Usually people spend a lot of money during the Christmas and New Year holidays. Some people sell part of their cryptocurrency for this. The supply increases and therefore the price in this market even falls. In this regard, I don’t think that even by the New Year the price of Bitcoin will rise to 50 thousand dollars.
The price of Bitcoin will rise due to the approaching halving. But this, most likely, will not be earlier than the second half of January.
However, these considerations may well be influenced by various news events.

42
Bitcoin Forum / Re: wanna invest in Bitcoin, the best time is now
« on: December 21, 2023, 09:03:05 PM »
No time is perfect or worst when it comes to investing in Bitcoin, whether in the middle of a dip or a bull run, as long as you have the zeal and interest to invest in Bitcoin, there's no point waiting for the right now, because the right time is now.

Bitcoin as we know is the most solid and the safest investment so you have the assurance of making profit at any point you choose to invest as long as you continue to HODL. What makes some people loose money in Bitcoin is fear, maybe during a dip, they become scare of loosing all their funds with the fear that Bitcoin might collapse and then they take whatever that's left of their funds and leave.
I read somewhere that the best time to invest in Bitcoin is six months before its next halving. This time has already come, given that the next halving will approximately be on April 2, 2024. There are a little more than three months left before the halving, and then it is most likely that it will gradually increase in price. Therefore, you should not delay purchasing Bitcoin.

43
Bitcoin Forum / Re: Bitcoin Halving is coming
« on: December 21, 2023, 08:34:33 PM »
Will Bitcoin reach $100k after the halving, considering the historical trend where the price of BTC increased by 50-60% after past halvings? What's your opinion on the halving? Are you excited for it?
The estimated date for the next Bitcoin halving is April 2, 2024. Typically, within about eight months after this event, its price reaches new heights. The previous peak price of Bitcoin after the last halving was $69,044. This time, the price of Bitcoin should be higher than this value and therefore its price of one hundred thousand dollars seems quite achievable.

But this is all theory. How events will develop and what the price of Bitcoin will be after the halving can only be seen at the end of next year.

44
Proof of authentication:

- BSC bep 20 address: 0x33fc5780f8C79dA95812667368aBFB5cf269dD74
- Telegram Username: @Fentono
- Campaigns applied for:  Signature

45
Ethereum Forum / Re: Why is Ether (ETH) price up today?
« on: November 03, 2023, 04:02:14 PM »
The demand for Ethereum has always been high and I hope that it will remain so in the future. Significant growth of the entire cryptocurrency will likely occur next year after the Bitcoin halving. It will be a very exciting spectacle.

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