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RE: Bitcoin Scares Banks with Kosh Eek (video/podcast)
cryptocurrency can not take the place of fiat currency. truth is total manipulation in crypto market is controled by Bank and different financial organizations. If you say no then my question, how could be XRP a hundred billion coin become 3$ when its actual high could be maximum 0.50$.
They try to prove XRP(non-mineable coin) more profitable then BTC. Cause bitcoin is mother currency and mineable . If they can control bitcoin then total market will be in their hand . End of 2017 what happened it was totally according to their plane and the succeed. Remember bank will not setup mining farm but they can take away all of your mineable coin.
they can take away my mine-able coin? explain... XRP is for the unaware manipulated people (and possibly some institutions), I wouldn't waste brain cells contemplating it. Good marketin + sales team + hype, anything can be sold at any price.
not talking about buy or sell . Can cryptocurrency take the place of fiat?
wait, you said the banks could "take away" my mineable coin, you need to explain that first. Bitcoin can easily take the place of FIAT cash. It has all the properties of currency. Why do you think it's called Crypto currency? What exactly do you think FIAT is and want does it do? maybe we need to establish that first.. please reply.
Thy have already taken a huge portion of BTC from market . What I have told quoted again "bank will not setup mining farm but they can take away all of your mineable coin."
If that is true, why do you think they have done that?
have done and will do again just preparing new trap
Yes and no. Yes is only replacing part of the Fiat currency. No is most of the service and goods value is based on Fiat currency. Some times a few penny is easier to buy candy compare 1btc. It's depends on now much money you have. Crypto is better in term on spending on high value goods or services.
I don't understand this question... can you rephrase it?
I have no doubt there's a lot of manipulation in the market. A lot of exchanges have to direct the market to clear their books.
But you started with the point that crypto can't replace fiat. Maybe that's true, but nothing you've said really supports that point, because there's so much manipulation in fiat currency, as well as basically every market on Earth. So why do you think that crypto can't replace fiat?
Venus Project.
I'm familiar with the Venus Project, but can you tell us why you're bringing it up here?
I see Crypto as a means of transitioning toward a society not unlike the Venus Project. That is one of my primary reasons for being interested in Crypto. Anything that takes a crap on the Banks is a friend of mine. :)
Answer is simple end of the profit takers of cryptos go to Bank to cash out the profit . cause they trust more on fiat not crypto. That's why TMC fall 795B to 196B. And Bank compelled people to believe fiat is much safer than cryptos . They prove it by their weapon XRP.
It's safer in some respects, it's less safe in other respects.
Still, that doesn't follow. People do take money out of crypto and put it into fiat, but that's what's happening today. It's still rather early for this technology, and people need to find ways to make crypto more stable. Even so, for many people in Venezuela and Zimbabwe, crypto is much more stable, and that's why we can see adoption of Dash in those countries.
You're looking at things today and extrapolating that in the future it will be the same... It won't. I don't know if crypto will replace fiat, or run in parallel, but there's more to it than what's going on today.
What happen in future I don't know. I just treat crypto as trading instruments .
I'm trying to get clarification myself, this person also said that banks can take away my mineable bitcoin.. trying to find out how..