I have a Chinese coin so I figured why not get this one out of the way in my mission to bring you a Silver Saturday / Silver Sunday post every week
Now correct me if I am wrong, but green means price down and red means price up in china right?
So for them a green candle is actually not good
For that reason I put my green light on for this
No this is not a Squid Games red light green light reference. Would you believe me if I told you that I have not seen any Squid Games?
Anyways with Trump coming into his term strong its very clear everyone needs to step the hell back and let the US run the show for a while
For this reason, these countries who thought they were making moves need to settle down and get a reality check
Most of us, who are into the crypto world big time, might not feel as patriotic at least towards our respective currencies
You may love your country, you may love your culture, you be willing to bleed and die for it… but your country’s currency sucks. It’s not real. It is fiat, destined to fail
Which means a lot of us crypto folks who maybe deal with HBD more than your own money, may feel “free” and open with your “global” currency
Internet money. Thats the best way to eventually call them all.
One way shape or form, centralized or not, if its digital, and requires a network to function, its internet money
Now, I can imagine it already being worked on, ways to transfer value, without internet
Truly peer to peer, me to you
Not me to my ICP to some cloud, to some other cloud, to your ICP then you
If our device is secure and truly only used by us, and we are able to communicate device to device, keeping all the information on the devices without anyone having access to it, we will have won
At that point, “they’re” only play is a massive EMP… which is just funny and borderline silly to consider
So. Alllll that being said, China can chill a bit, US is here and ready to play hard
The funny thing about this coin is that its not even 1 oz, its slightly lower, sitting at 30 grams
Just goes to show the differences in cultures.
The different denominations used
What do you like measuring your coins and bars in? In ozs? Or in grams?
Maybe one day we can get so rich we can measure in pounds and kilograms haha
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I like measuring in ounces, but 30 grams is close enough for me to like seeing the Number 10 on the Silver Coin...
Chinese like to buy bullion on the cheap, whether sales, price dips, manipulated or so on. Their Capital markets are languishing, real estate is in the toilet, cash being inflated away and to many Asians gold and silver is their last best hope to save into the future.
Asians love good and silver big time. The rich ones loved Canadian real estate for a while but that has slowed down considerably
Vancouver real estate looked good to many rich Hong Kong vacationers just before 1999s hand over of Hong Kong.
Regardless of denomination value, the money always have a measurement in some way and most governments control the prices mostly in USD while USD itself is nothing but an overweighed chunk without any actual measurement and rising collateral
They control it with increasing and decreasing interest rates which speed up and slow down inflation. The rate of inflation rarely if ever goes negative. So the speed of doom is what is controlled, doom is on the roadmap, always
I came up with the Cure for inflation... We return to a Stable Monetary System...
thats the dream
U.S. Crypto Coinage is closer than anyone knows or believes... It will be both "Stable" and "100%" backed by U.S. Gold Coins...
I live in the Czech Republic, in the centre of Europe. The decimal system was adopted in our country (then it was Austria-Hungary) in 1857. Here we are all used to counting in grams and kilograms.
My country does not participate in the single currency project EURO. We have our own Czech crown. But we are such a small country and currency that our foreign trade is in Euros and Dollars.
There is quite a wide adoption of cryptocurrencies in my country. For example, precious metal coins can be bought with crypto.
!HUG
I spent a lot of Fiat USD's in "Old Town" Prague 1... If you liked Fiat USD's, you're going to love our soon to be Announced U.S. Paper Coinage and Crypto Coinage...
I know your opinion of the change that is coming. The inhabitants of Prague hardly go to the Old Town. There's only a tourist rip-off industry there. 😀
We like green charts! Pandas are always nice, even though they want it done in grams now. China wants to run the world!