Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS Chinese Investors liquidates their USDT for Chinese Yuan

Josemendez

Ruby Member
LV
0
 
Joined
Apr 8, 2019
Messages
11,126
Reaction score
285
Points
170
Awards
1
BMF Points
$227
Rating - 0%
0   0   0
Following the Chinese government crack on bitcoin Mining, major exchange sites has witness a surge in the rate of Usdt, BNB , ether and other stable coins conversion to Fiat currency.

This has affected the market negatively and investors outside China are just looking out to see how the market will survive.
 
Which is probably why they hate it because they have no power over it.. although their decisions may affect the market it won't stay like that for long
They are have done their worst in the Crypto currency market but with patience the market will be back and it may be hard for China to come back.
 
Which is probably why they hate it because they have no power over it.. although their decisions may affect the market it won't stay like that for long
I agree with you too . It is just a matter of time before the government won't have effect on the cryptocurrency market. It is will be decentralized as suppose
 
Well they can't just use their usdt or any other cryptocurrency as china is akready cracking them down so its like they alrrady have no choice but to use the digital yuan
 
Well they can't just use their usdt or any other cryptocurrency as china is akready cracking them down so its like they alrrady have no choice but to use the digital yuan
I believe that this is the main reason which made them to stop bitcoin Mining . But people can also use cryptocurrency in China except if they have blocked VPN
 
I believe that this is the main reason which made them to stop bitcoin Mining . But people can also use cryptocurrency in China except if they have blocked VPN
I wouldn't know what they will be using their VPN for because they can conviniently make use of P2P to run transactions except it for mining purpose.
 
I wouldn't know what they will be using their VPN for because they can conviniently make use of P2P to run transactions except it for mining purpose.
Just like NIGERIA block Twitter access , they may block access to cryptocurrency related sites thus they need VPN to do any crypto activities
 
This goes to show that whichever way, they will still deal with cryptocurrency. Other countries can create sufficient demand for stable coins without China's involvement
 
This goes to show that whichever way, they will still deal with cryptocurrency. Other countries can create sufficient demand for stable coins without China's involvement
As for this , their aim were for them to avoid their money from depreciating in a volatile coin ,thus the resort to stable coin . They will sooner or later convert to Yuan
 
As for this , their aim were for them to avoid their money from depreciating in a volatile coin ,thus the resort to stable coin . They will sooner or later convert to Yuan
I have been having deep thought on how the use of cryptocurrencies could depreciate the Chinese Yuan when obviously we know that people will continue use the Yuan domestically and internationally.
 
I have been having deep thought on how the use of cryptocurrencies could depreciate the Chinese Yuan when obviously we know that people will continue use the Yuan domestically and internationally.
I really don't understand the issue with Chinese government. They are just creating unnecessary atmosphere for cryptocurrency especially Bitcoin
 
I really don't understand the issue with Chinese government. They are just creating unnecessary atmosphere for cryptocurrency especially Bitcoin
Whatever there motive is, there is every tendency that we will know what they are up to very soon, no doubt about that . I know them to be selfish
 
Which is probably why they hate it because they have no power over it.. although their decisions may affect the market it won't stay like that for long
I agree there will be not a long term affect by the Chinese decision. The markets recover and seek new areas of engagements! We get out of this stronger than ever, since this days of consolidation will also make the processes more efficient and devs think how they can make their products more resilient!
 
Whatever there motive is, there is every tendency that we will know what they are up to very soon, no doubt about that . I know them to be selfish
Well , soon time will come when the world will turn against them and even stop buying anything from them. Then they will understand that the world is angry with them
 
It is possible that the USDT liquidity from Chinese is what has given USDC to be making more progress in recent time over usdt. Chinese uses more of USDT back then
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.